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DSP Savings Fund download report

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Debt: Money Market

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1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 Lakh

Suitability:

"Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
DSP Savings-G 0.59 -0.01 0.02 -0.40 0.15 1.00 2.77 4.89 5.71 5.99 6.76
CCIL T Bill Liquidity Weight 0.55 0.02 0.03 -0.02 0.25 0.81 1.89 2.76 3.34 3.74 4.28
Debt: Money Market 1.08 0.00 0.05 -0.02 0.59 1.47 3.20 5.06 5.85 6.40 7.20
Rank within category 20 20 19 20 19 19 15 11 -- -- --
Number of funds in category 20 20 20 20 20 20 18 14 12 12 12

As on 19-May-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Savings Fund  | Invest Online
3 star
 Sep-99 2.77 4.89 5.71 0.50% 2,662
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
 Oct-05 3.55 5.48 6.33 0.33% 16,159
HDFC Money Market Fund  | Invest Online
4 star
 Nov-99 3.51 5.45 6.17 0.41% 14,052
Nippon India Money Market Fund  | Invest Online
4 star
 Jun-05 3.66 5.31 6.21 0.28% 11,265
UTI Money Market Fund - Regular Plan  | Invest Online
4 star
 Jul-09 3.61 5.26 6.17 0.28% 10,561

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.93 24-Jul-2013 - 31-Jul-2013 -1.39 17-Mar-2020 - 24-Mar-2020
Month 2.73 24-Mar-2020 - 23-Apr-2020 -1.44 15-Jan-2003 - 14-Feb-2003
Quarter 4.71 16-Jul-2013 - 15-Oct-2013 -0.64 24-Dec-2019 - 24-Mar-2020
Year 13.90 25-Aug-2000 - 27-Aug-2001 2.23 08-Apr-2009 - 08-Apr-2010

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
DSP Savings-G 5.14 0.83 1.96 5.99 1.50 2.62
CCIL T Bill Liquidity Weight 2.86 0.36 -1.85 -5.13 -- --
Debt: Money Market 5.22 0.84 2.19 7.49 1.56 2.74
Rank within category 10 13 11 12 12 9
Number of funds in category 15 15 15 15 15 15

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 29 31 20 48
Modified Duration (yrs) 0.77 0.84 0.05 0.40
Average Maturity (yrs) 0.82 0.88 0.06 0.41
Yield to Maturity (%) 5.10 5.10 3.58 4.52
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up Reserve Bank of India 364-D 16/03/2023 Treasury Bills SOV 0.00 - 7.22 7.22
equal HDFC 316-D 27/01/2023 Commercial Paper A1+ 0.00 - 6.99 5.43
up National Bank Agr. Rur. Devp 14/02/2023 Commercial Paper A1+ 0.00 - 5.42 5.42
up SIDBI 2023 Commercial Paper A1+ 0.00 - 5.41 5.41
up HDFC Bank 2023 Certificate of Deposit A1+ 0.00 - 5.40 5.40
new 8.60% Tamilnadu State 2023 State Development Loan SOV 0.00 - 4.74 4.74
equal Bank of Baroda 14/02/2023 Certificate of Deposit A1+ 0.00 - 4.66 3.61
equal Canara Bank 2023 Certificate of Deposit A1+ 0.00 - 4.65 3.61
equal Reserve Bank of India 364-D 09/03/2023 Treasury Bills SOV 0.00 - 4.65 3.61
new Can Fin Homes 335-D 08/03/2023 Commercial Paper A1+ 0.00 - 3.60 3.60
equal Kotak Mahindra Bank 14/03/2023 Certificate of Deposit A1+ 0.00 - 4.64 3.60
equal Indusind Bank 2023 Certificate of Deposit A1+ 0.00 - 4.64 3.60
equal Network 18 Media & Inv 364-D 06/03/2023 Commercial Paper A1+ 0.00 - 4.63 3.60
equal Axis Bank 2023 Certificate of Deposit A1+ 0.00 - 4.65 3.60
equal Reserve Bank of India 364-D 30/03/2023 Treasury Bills SOV 0.00 - 4.64 3.60
equal Export-Import Bank 17/03/2023 Certificate of Deposit A1+ 0.00 - 4.64 3.60
new Bajaj Financial Securities 334-D 20/03/2023 Commercial Paper A1+ 0.00 - 3.58 3.58
equal Infina Finance 363-D 20/03/2023 Commercial Paper A1+ 0.00 - 4.60 3.57
equal TV18 Broadcast 364-D 06/03/2023 Commercial Paper A1+ 0.00 - 3.47 2.70
new 8.65% Chhattisgarh State 20/03/2023 State Development Loan SOV 0.00 - 2.54 2.54
equal IDFC First Bank 20/02/2023 Certificate of Deposit A1+ 0.00 - 2.32 1.80
equal Hero FinCorp 354-D 10/03/2023 Commercial Paper A1+ 0.00 - 2.31 1.80
new Export-Import Bank 24/03/2023 Certificate of Deposit A1+ 0.00 - 1.80 1.80
equal Tata Motors Finance 364-D 23/03/2023 Commercial Paper A1+ 0.00 - 2.30 1.79
equal Motilal Oswal Financial Ser. 364-D 24/02/2023 Commercial Paper A1+ 0.00 - 2.30 1.79

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Apr-2022

Fund Manager

— Karan Mundra since 01-May-2021

Education: Mr. Mundra is a B. COM. and Charted Accountant (CA)

Experience: He is working with DSP Mutual Fund since april 2012, he has Over 9 years of experience.

Funds Managed:

— Kedar Karnik since 18-Jul-2016

Education: Mr. Karnik is a BE and has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies.

Experience: Prior to joining DSP Mutual Fund he was associated with Axis Asset Management. He has also worked with HSBC and CRISIL Ltd..

Funds Managed:

Invest Online
-0.01%

Change from previous, NAV as on 19-May-2022

Growth: ₹ 42.6554

IDCW Monthly: ₹ 10.7215

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IDCW Half Yearly: ₹ 12.0142

IDCW Daily: ₹ 10.0476

Investment Strategy

The scheme seeks to generate income through investment in a portfolio comprising of Treasury Bills and other Central Government Securities with a residual maturity less than or equal to 1 year.

Investment Details

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 500
Min. Balance (₹) 500
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 30-Sep-1999
Return Since Launch: 6.61%
Benchmark: CRISIL Money Market Fund BI Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,662 Cr (As on 30-Apr-2022)
Expense: 0.50% (As on 30-Apr-2022)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily01-May-20220.0033

 28-Apr-20220.0004
 27-Apr-20220.0001
 26-Apr-20220.0004
 25-Apr-20220.0005
 24-Apr-20220.0036
 21-Apr-20220.0007
 20-Apr-20220.0024
 19-Apr-20220.0009
 06-Apr-20220.0014
 05-Apr-20220.0013
 04-Apr-20220.0000
 03-Apr-20220.0058
 30-Mar-20220.0045
 29-Mar-20220.0022
 28-Mar-20220.0009
 27-Mar-20220.0023
 24-Mar-20220.0010
 23-Mar-20220.0031
 22-Mar-20220.0021
 21-Mar-20220.0005
 20-Mar-20220.0046
 16-Mar-20220.0019
 15-Mar-20220.0021
 14-Mar-20220.0026
IDCW Monthly28-Apr-20220.0254

 28-Mar-20220.0329
 28-Feb-20220.0274
 28-Jan-20220.0290
 28-Dec-20210.0279
 26-Nov-20210.0357
 28-Oct-20210.0196
 28-Sep-20210.0237
 27-Aug-20210.0345
 28-Jul-20210.0410
 28-Jun-20210.0261
 28-May-20210.0266
 28-Apr-20210.0468
 26-Mar-20210.0330
 26-Feb-20210.0238
 28-Jan-20210.0211
 28-Dec-20200.0204
 27-Nov-20200.0319
 28-Oct-20200.0370
 28-Sep-20200.0243
 28-Aug-20200.0308
 28-Jul-20200.0528
 26-Jun-20200.0616
 28-May-20200.1524
 28-Apr-20200.0642
IDCW Half Yearly28-Mar-20220.1941

 28-Sep-20210.2314
 26-Mar-20210.1762
 28-Sep-20200.4227
 27-Mar-20200.1111
 27-Sep-20190.3338
 28-Mar-20190.3236
 30-Sep-20180.2394
 28-Mar-20180.2386
 28-Sep-20170.2327
 27-Mar-20170.2357
 28-Sep-20160.2801
 28-Mar-20160.2549
 28-Sep-20150.2966
 27-Mar-20150.3111
 26-Sep-20140.1529
 27-Jun-20140.1598
 28-Mar-20140.1497
 27-Dec-20130.1754
 27-Sep-20130.3567
 28-May-20130.1266
 28-Mar-20130.1646
 28-Dec-20120.1476
 28-Sep-20120.1708
 28-Jun-20120.1821

Contact Information

AMC: DSP Investment Managers Pvt. Ltd.

Address: NATRAJ, Office No. 302-3rd Floor-Plot No. 194, MV Road Junction Western Express Highway, Andheri East Mumbai - 400069

Phone: 1800-208-4499 / 1800-200-4499

Fax: 022-56578181

Website: https://www.dspim.com/

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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