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DSP Government Securities Fund

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Debt: Gilt

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1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Suitability:

This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors' money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

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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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 11.68 0.26 0.39 1.48 1.14 4.16 12.68 9.82 9.51 9.73 8.39
CCIL All Sovereign Bond - TRI 10.91 0.21 0.45 1.10 0.21 4.65 12.52 9.69 9.56 10.43 9.27
Debt: Gilt 9.95 0.29 0.50 1.51 0.87 3.64 10.89 8.41 8.59 9.47 8.93
Rank within category 2 18 24 16 5 6 3 2 6 8 15
Number of funds in category 25 25 25 25 25 25 25 25 24 22 20

As on 23-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
DSP Government Securities Fund  | Invest Online
4 star
 Sep-99 12.68 9.82 9.51 1.01 549
SBI Magnum Gilt Fund  | Invest Online
4 star
 Dec-00 12.24 9.11 9.55 0.95 3,693
IDFC Government Securities Fund - Investment Plan - Regular Plan
5 star
 Dec-08 14.02 10.51 9.86 1.22 1,596
Nippon India Gilt Securities PF
4 star
 Aug-08 11.46 9.61 9.93 1.71 1,506
Nippon India Gilt Securities Fund  | Invest Online
4 star
 Jul-03 11.44 9.60 9.93 1.59 1,506

Best & Worst Performance

Best (Period) Worst (Period)
Week 6.62 (11-Dec-2008 - 18-Dec-2008) -4.17 (05-Feb-2003 - 12-Feb-2003)
Month 14.51 (18-Nov-2008 - 18-Dec-2008) -6.24 (15-Jan-2003 - 14-Feb-2003)
Quarter 28.71 (03-Oct-2008 - 02-Jan-2009) -7.70 (05-Jan-2009 - 06-Apr-2009)
Year 35.04 (03-Jan-2008 - 02-Jan-2009) -5.96 (15-Jan-2009 - 15-Jan-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.90 4.22 0.91 1.71 0.79 0.81
CCIL All Sovereign Bond - TRI 8.90 5.00 0.77 1.50 -- --
Debt: Gilt 7.60 4.08 0.63 1.26 0.76 -0.36
Rank within category 3 16 5 5 17 3
Number of funds in category 25 25 25 25 25 25

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

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 4 6 3 8
Modified Duration (yrs) 7.48 7.96 5.46 6.98
Average Maturity (yrs) 12.62 12.62 9.14 10.56
Yield to Maturity (%) 6.09 6.84 5.63 6.02
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 5.77% GOI 2030 GOI Securities SOV 0.00 - 53.17 53.17
new 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 47.14 20.73
new 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 14.78 12.67
new 6.80% GOI 15/12/2060 GOI Securities SOV 0.00 - 11.99 11.99

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-Sep-2020

Fund Manager

— Saurabh Bhatia since 01-Mar-2018

Education: Mr. Bhatia holds Post Graduation Diploma in Business Management, Finance.

Experience: Prior to joining DSPBR Mutual Fund, had worked with ICICI Bank, HSBC Global Asset Management.

Funds Managed:

— Vikram Chopra since 18-Jul-2016

Education: Mr. Chopra is B.Com (H) and MBA from Institute of Management.

Experience: Prior to joining DSP Mutual Fund he has worked with L&T Mutual Fund, IDBI Bank Ltd. and Axis Bank Ltd.

Funds Managed:

Invest Online
0.26%

Change from previous, NAV as on 23-Oct-2020

Growth: ₹ 73.0137

Dividend Monthly: ₹ 10.8419

Dividend Half Yearly: ₹ 12.3585

Investment Strategy

The scheme seeks to generate returns through investments in central government securities with maturity between one and 30 years.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: DSP Mutual Fund
Launch Date: 30-Sep-1999
Return Since Launch: 9.89%
Benchmark: I-SEC Li-BEX
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 549 Cr (As on 30-Sep-2020)
Expense: 1.01% (As on 30-Sep-2020)
Risk Grade: Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Half Yearly28-Sep-20200.6845

 27-Mar-20200.3614
 27-Sep-20190.7387
 28-Mar-20190.5257
 30-Sep-20180.0010
 28-Sep-20170.2899
 27-Mar-20170.1939
 28-Sep-20160.7951
 28-Mar-20160.2144
 28-Sep-20150.1857
 27-Mar-20150.8524
 26-Sep-20140.0610
 28-May-20130.5721
 28-Mar-20130.2686
 28-Dec-20120.1927
 28-Sep-20120.2185
 28-Jun-20120.1131
 28-Mar-20120.2329
 28-Dec-20110.3082
 28-Sep-20110.1128
 28-Mar-20110.1124
 28-Dec-20100.0998
 28-Jun-20100.2701
 26-Dec-20081.9950
 26-Sep-20080.4248
Dividend Monthly28-Jul-20200.1138

 26-Jun-20200.0065
 28-May-20200.2818
 28-Apr-20200.2296
 27-Mar-20200.0818
 28-Feb-20200.2149
 28-Jan-20200.0299
 27-Dec-20190.0270
 28-Nov-20190.0552
 25-Oct-20190.0642
 28-Aug-20190.0416
 26-Jul-20190.1729
 28-Jun-20190.1667
 28-May-20190.1567
 26-Apr-20190.0137
 28-Mar-20190.1263
 28-Feb-20190.0347
 28-Dec-20180.1255
 28-Nov-20180.1193
 26-Oct-20180.0637
 28-Aug-20170.0083
 28-Jul-20170.0337
 28-Jun-20170.0827
 28-Nov-20160.3720
 28-Oct-20160.0493

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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