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3 star

DSP Savings Fund


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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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(₹)
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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 3.33 0.03 0.07 0.36 0.78 1.78 3.57 5.87 6.05 6.37 7.03
CCIL T Bill Liquidity Weight 1.83 -0.01 0.04 0.16 0.45 1.05 1.96 3.23 3.54 3.99 4.49
Debt: Money Market 3.15 0.03 0.07 0.32 0.79 1.72 3.40 5.90 6.19 6.78 7.53
Rank within category 9 11 7 4 12 10 9 9 -- -- --
Number of funds in category 18 20 20 20 20 18 18 14 12 12 12

As on 29-Nov-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 3.57 5.87 6.05 0.50% 2,685
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 3.71 6.26 6.48 0.35% 15,828
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 3.78 6.33 6.67 0.33% 14,819
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 3.65 6.07 6.46 0.33% 13,305
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 3.86 6.32 4.99 0.43% 7,126

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
Fund 5.85 0.88 2.25 6.63 1.50 2.90
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Money Market 6.01 0.93 2.51 6.57 1.60 3.12
Rank within category 10 13 12 10 13 10
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-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 30 31 16 45
Modified Duration (yrs) 0.33 0.86 0.03 --
Average Maturity (yrs) 0.35 0.90 0.03 --
Yield to Maturity (%) 4.03 4.12 3.09 --
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
down 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 20.07 7.48
equal SIDBI 18/03/2022 Commercial Paper A1+ 0.00 - 7.77 7.34
equal Reserve Bank of India 364-D 30/03/2022 Treasury Bills SOV 0.00 - 10.03 6.42
equal HDFC-Warrant 342-D 28/02/2022 Commercial Paper A1+ 0.00 - 7.77 5.52
equal HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 5.51 5.51
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 7.77 5.51
equal Kotak Mahindra Bank 23/03/2022 Certificate of Deposit A1+ 0.00 - 7.76 5.50
equal IDFC First Bank 14/03/2022 Certificate of Deposit A1+ 0.00 - 5.01 4.59
equal Indusind Bank 28/02/2022 Certificate of Deposit A1+ 0.00 - 5.17 3.68
equal Can Fin Homes 364-D 11/03/2022 Commercial Paper A1+ 0.00 - 5.16 3.67
new Export-Import Bank 181-D 30/03/2022 Certificate of Deposit A1+ 0.00 - 3.67 3.67
equal Export-Import Bank 196-D 24/03/2022 Certificate of Deposit A1+ 0.00 - 3.67 3.67
equal Deutsche Investments 358-D 18/03/2022 Commercial Paper A1+ 0.00 - 5.10 3.66
equal ICICI Securities 269-D 25/03/2022 Commercial Paper A1+ 0.00 - 3.66 3.66
equal Cholamandalam Investment & Finance Company 361-D 14/03/2022 Commercial Paper A1+ 0.00 - 5.14 3.66
equal Hero FinCorp 356-D 09/02/2022 Commercial Paper A1+ 0.00 - 2.76 2.76
equal TV18 Broadcast 271-D 28/02/2022 Commercial Paper A1+ 0.00 - 2.76 2.76
equal L&T Infrastructre Finance 357-D 18/03/2022 Commercial Paper A1+ 0.00 - 3.86 2.75
equal Reserve Bank of India 364-D 11/03/2022 Treasury Bills SOV 0.00 - 2.01 1.84
equal Bajaj Financial Securities 340-D 21/03/2022 Commercial Paper A1+ 0.00 - 1.99 1.83
equal Network 18 Media & Inv 294-D 24/03/2022 Commercial Paper A1+ 0.00 - 1.83 1.83
equal Hero Housing Finance 364-D 11/03/2022 Commercial Paper A1+ 0.00 - 1.80 1.28
equal Infina Finance 359-D 04/03/2022 Commercial Paper A1+ 0.00 - 1.80 1.28
equal Reserve Bank of India 364-D 17/03/2022 Treasury Bills SOV 0.00 - 1.00 0.92
equal Network 18 Media & Inv 364-D 11/03/2022 Commercial Paper A1+ 0.00 - 1.29 0.92

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-Oct-2021

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:


0.03%

Change from previous, NAV as on 29-Nov-2021

Growth: ₹ 42.2799

IDCW Monthly: ₹ 10.7685

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IDCW Half Yearly: ₹ 12.1003

IDCW 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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 30-Sep-1999
Return Since Launch: 6.72%
Benchmark: CRISIL Money Market Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,685 Cr (As on 31-Oct-2021)
Expense: 0.50% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily28-Nov-20210.0026

 25-Nov-20210.0013
 24-Nov-20210.0009
 23-Nov-20210.0014
 22-Nov-20210.0008
 21-Nov-20210.0037
 17-Nov-20210.0011
 16-Nov-20210.0009
 15-Nov-20210.0009
 14-Nov-20210.0035
 11-Nov-20210.0012
 10-Nov-20210.0015
 09-Nov-20210.0013
 08-Nov-20210.0032
 07-Nov-20210.0063
 02-Nov-20210.0012
 01-Nov-20210.0014
 31-Oct-20210.0003
 24-Oct-20210.0019
 21-Oct-20210.0004
 19-Oct-20210.0003
 17-Oct-20210.0019
 13-Oct-20210.0010
 12-Oct-20210.0017
 11-Oct-20210.0013
IDCW Monthly26-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
 27-Mar-20200.0117
 28-Feb-20200.0290
 28-Jan-20200.0284
 27-Dec-20190.0282
 28-Nov-20190.0393
IDCW Half Yearly28-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
 28-Mar-20120.1440

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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