Debt
Direct
Banking & Psu
NAV as on 09-10-2024
₹ 23.6
▲0.1%
1D
Inception Returns
8.1%
/yr
DSP Banking & PSU Debt Fund Direct Growth is a debt fund. This fund was started on 14 September, 2013. The fund is managed by Karan Mundhra. This fund is suitable to keep your money safe.
DSP Banking & PSU Debt Fund Direct Growth has given a CAGR return of 8.05% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.50%, 6.21% and 6.88% respectively.
DSP Banking & PSU Debt Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 7.3% Govt Stock 2053, National Bank For Financing Infrastructure And Development, Small Industries Development Bank Of India, State Bank Of India, Indian Railway Finance Corporation Limited
As it is a banking & psu mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
The investment objective of the Scheme is to seek to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks and public sector entities/undertakings.
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. DSP Banking & PSU Debt Fund Direct Growth has no lock in period.
Expense ratio | 0.32% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
AUM | ₹2710 Cr |
Inception Date | 14 September, 2013 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 507.94% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Low to Moderate Risk |
as on (09-Oct-24)
as on (31-Dec-69)
Top 2 Sectors in August were Government, Corporate
DSP Banking & PSU Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.05% | 1.05% |
6 Month Returns | 4.84% | 4.84% |
1 Year Returns | 9.5% | 9.5% |
3 Years Returns | 19.81% | 6.21% |
5 Years Returns | 39.48% | 6.88% |
AAA | 100 |