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DSP Savings Fund

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Debt: Money Market

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1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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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(₹)
cal
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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
Fund 0.07 0.00 0.03 0.21 0.75 1.66 5.54 6.86 6.60 6.93 7.34
CCIL T Bill Liquidity Weight 0.05 0.02 -0.01 0.16 0.51 1.10 3.02 3.82 4.02 4.45 4.70
Debt: Money Market 0.09 0.01 0.01 0.23 0.79 1.75 5.41 6.79 6.98 7.46 8.01
Rank within category 15 19 5 15 13 12 10 -- -- -- --
Number of funds in category 20 20 20 20 19 19 18 12 12 12 12

As on 15-Jan-2021

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 5.54 6.86 6.60 0.48 1,932
HDFC Money Market Fund  | Invest Online
5 star
 Nov-99 6.41 7.28 7.14 0.35 11,197
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
 Oct-05 6.46 7.46 7.36 0.34 9,548
ICICI Prudential Money Market Fund  | Invest Now
4 star
 Mar-06 6.08 7.19 7.16 0.33 8,884
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
 May-03 6.25 4.67 5.63 0.44 1,524

Best & Worst Performance

Best (Period) Worst (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
Fund 6.72 0.86 2.27 4.88 1.49 3.42
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Money Market 6.73 1.04 2.76 5.46 1.34 3.28
Rank within category 10 12 11 10 14 6
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 31-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 26 31 15 39
Modified Duration (yrs) 0.25 0.83 0.11 --
Average Maturity (yrs) 0.26 0.88 0.11 --
Yield to Maturity (%) 3.11 6.03 3.11 --
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
equal Larsen & Toubro 247-D 26/03/2021 Commercial Paper A1+ 0.00 - 9.00 9.00
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 9.97 8.75
equal HDFC 317-D 10/03/2021 Commercial Paper A1+ 0.00 - 7.59 7.21
down Reserve Bank of India 182-D 25/03/2021 Treasury Bills SOV 0.00 - 7.24 6.43
equal Tata Capital Housing Finance 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 9.86 5.15
equal Axis Finance 364-D 05/03/2021 Commercial Paper A1+ 0.00 - 9.85 5.15
equal Union Bank of India 24/02/2021 Certificate of Deposit A1+ 0.00 - 7.98 5.15
equal Reserve Bank of India 182-D 11/03/2021 Treasury Bills SOV 0.00 - 5.15 5.15
equal Reserve Bank of India 182-D 18/03/2021 Treasury Bills SOV 0.00 - 5.14 5.14
equal Reliance Industries 364-D 02/03/2021 Commercial Paper A1+ 0.00 - 9.96 4.22
equal National Bank Agr. Rur. Devp 18/02/2021 Certificate of Deposit A1+ 0.00 - 7.50 3.87
down Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 10.02 3.35
equal Deutsche Investments 2021 Commercial Paper A1+ 0.00 - 3.09 3.09
equal Reliance Jio Infocomm 365-D 09/02/2021 Commercial Paper A1+ 0.00 - 3.96 2.58
equal Kotak Mahindra Prime 365-D 16/02/2021 Commercial Paper A1+ 0.00 - 2.76 2.58
equal ICICI Securities 24/03/2021 Commercial Paper A1+ 0.00 - 2.57 2.57
equal Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 2.57 2.57
equal SIDBI 2021 Commercial Paper A1+ 0.00 - 4.98 2.57
equal SIDBI 16/03/2021 Commercial Paper A1+ 0.00 - 3.98 2.57
equal HDFC 357-D 24/02/2021 Commercial Paper A1+ 0.00 - 3.04 2.06
equal Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 1.53 1.29
equal Reliance Industries 364-D 10/03/2021 Commercial Paper A1+ 0.00 - 1.38 1.29
equal Kotak Mahindra Prime 339-D 26/03/2021 Commercial Paper A1+ 0.00 - 1.96 1.28
equal ICICI Bank 25/01/2021 Certificate of Deposit A1+ 0.00 - 6.01 0.52
equal National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 3.33 0.52

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 31-Dec-2020

*As on 30-Nov-2020

Fund Manager

— 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
0.00%

Change from previous, NAV as on 15-Jan-2021

Growth: ₹ 40.9467

Dividend Monthly: ₹ 10.7551

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Dividend Half Yearly: ₹ 12.1189

Dividend Daily: ₹ 10.1021

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

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 30-Sep-1999
Return Since Launch: 6.84%
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,932 Cr (As on 31-Dec-2020)
Expense: 0.48% (As on 31-Dec-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily14-Jan-20210.0003

 13-Jan-20210.0005
 12-Jan-20210.0013
 11-Jan-20210.0008
 10-Jan-20210.0002
 07-Jan-20210.0003
 05-Jan-20210.0002
 04-Jan-20210.0004
 03-Jan-20210.0026
 31-Dec-20200.0009
 30-Dec-20200.0011
 29-Dec-20200.0015
 28-Dec-20200.0011
 27-Dec-20200.0032
 23-Dec-20200.0010
 22-Dec-20200.0010
 21-Dec-20200.0008
 20-Dec-20200.0021
 17-Dec-20200.0008
 16-Dec-20200.0005
 15-Dec-20200.0006
 14-Dec-20200.0006
 13-Dec-20200.0024
 10-Dec-20200.0009
 09-Dec-20200.0014
Dividend Monthly28-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
 27-Mar-20200.0117
 28-Feb-20200.0290
 28-Jan-20200.0284
 27-Dec-20190.0282
 28-Nov-20190.0393
 25-Oct-20190.0395
 27-Sep-20190.0343
 28-Aug-20190.0637
 26-Jul-20190.0586
 28-Jun-20190.0450
 28-May-20190.0658
 26-Apr-20190.0212
 28-Mar-20190.0532
 28-Feb-20190.0440
 28-Jan-20190.0424
 28-Dec-20180.0514
Dividend Half Yearly28-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
 28-Mar-20120.1440
 28-Dec-20110.1696
 29-Sep-20110.1780

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: 022-66178000

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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