DSP Banking & PSU Debt Fund Direct Growth
Debt
Direct
Banking & Psu
NAV as on 07-10-2024
₹ 23.54
1D
Inception Returns
8%
/yr
About the Fund
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.
Key Parameters
- DSP Banking & PSU Debt Fund Direct Growth has ₹2710 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
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 9.08%, 6.17% and 6.87% respectively.
Holdings
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
Taxation
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.
Investment objective of DSP Banking & PSU Debt Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
Fund Overview
| 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 |
Trailing Returns
as on (07-Oct-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 2.5K Cr as of Aug'24
- AUM increased by 86.8 Cr between Aug'24 and Jul'24
Top 2 Sectors in August were Government, Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.3% Govt Stock 2053 | 11.18% | 0% | |
National Bank For Financing Infrastructure And Development | 5.89% | 0% | |
Small Industries Development Bank Of India | 5.14% | 0% | |
State Bank Of India | 4.58% | 0% | |
Indian Railway Finance Corporation Limited | 4.27% | 5.3% |
Mutual Fund Insights
DSP Banking & PSU Debt Fund Direct Growth Highlights
Low to Moderate Risk
About the fund
AUM size ₹0 Cr
Expense Ratio 0.32%
Frequently Asked Questions
DSP Banking & PSU Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.01% | 1.01% |
6 Month Returns | 4.63% | 4.63% |
1 Year Returns | 9.08% | 9.08% |
3 Years Returns | 19.68% | 6.17% |
5 Years Returns | 39.41% | 6.87% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |