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DSP Government Securities Fund

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Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

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 sharper ups and downs because of changes in interest rates.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 10.61 -0.95 -0.11 11.12 6.18 8.02 7.40
CCIL All Sovereign Bond - TRI 9.72 -0.76 -0.55 10.83 6.30 8.51 8.28
Debt: Gilt 8.90 -0.79 -0.40 9.48 5.48 7.58 8.08
Rank within category 3 16 8 5 8 7 16
Number of funds in category 25 25 25 25 25 23 19

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
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 6.01 4.60 0.05 0.07 0.79 -0.08
CCIL All Sovereign Bond - TRI 6.17 5.52 0.07 0.12 -- --
Debt: Gilt 5.40 4.49 -0.07 -0.07 0.76 -0.68
Rank within category 8 15 10 11 16 11
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-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 5 8 1 8
Modified Duration (yrs) 6.38 7.04 1.86 5.61
Average Maturity (yrs) 10.38 11.13 2.59 8.23
Yield to Maturity (%) 6.78 7.60 6.44 6.55

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 32.95 32.95
down 7.88% GOI 19/03/2030 GOI Securities SOV 0.00 - 29.39 23.98
up 6.45% GOI 2029 GOI Securities SOV 0.00 - 21.39 21.39
down 7.27% GOI 2026 GOI Securities SOV 0.00 - 21.52 10.67
new 6.57% GOI 2033 GOI Securities SOV 0.00 - 17.54 10.09

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-Nov-2019

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:

Start SIP Now
-0.17%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 64.2516

Dividend Monthly: ₹ 10.5826

Dividend Half Yearly: ₹ 11.9616

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
Benchmark: I-SEC Li-BEX
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 542 Cr (As on 30-Nov-2019)
Expense: 1.22% (As on 30-Nov-2019)
Risk Grade: Average
Return Grade: Above Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Half Yearly27-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
 28-Mar-20080.2715
 28-Dec-20070.1577
Dividend Monthly28-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
 28-Sep-20160.1353
 26-Aug-20160.1157
 28-Jul-20160.2633
 28-Jun-20160.0729
 27-May-20160.0122
 28-Apr-20160.0938
 28-Mar-20160.1218
 28-Jan-20160.0274

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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