DSP Banking & PSU Debt Fund Direct Growth

DSP Banking & PSU Debt Fund Direct Growth

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Debt
Direct
Banking & Psu
NAV: ₹ 22.27 as on 23-02-2024
Fund Performance
zero opening, trading, fund transfer fee
115 people have invested ₹ 4.7L in DSP Banking & PSU Debt Fund Direct Growth in the last three months

Mutual Fund Insights

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In the last 1 year, ICICI Prudential Banking and PSU Debt Fund Direct Plan Growth has given 8.05% return, outperforming this fund by 0.02%.
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In the last 5 years, Nippon India Banking & PSU Debt Fund Direct Growth has given 7.56% return, outperforming this fund by 0.47% per annum.
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In the last 3 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.38% return, outperforming this fund by 1.96% per annum.
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This fund has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.32% which is lower than the category average expense ratio of 0.55%.
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Over the last 3 months, this fund has experienced a 6.6% drop in AUM moving from 2.54K Cr to 2.38K Cr.

About the DSP Banking & PSU Debt Fund Direct Growth

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

  1. DSP Banking & PSU Debt Fund Direct Growth has ₹2382 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

DSP Banking & PSU Debt Fund Direct Growth Overview

Expense ratio
Expense ratio
0.32%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹2382 Cr
Inception Date
Inception Date
14 September, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
473.02%

DSP Banking & PSU Debt Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.7%

Credit rating breakup

AAA
100%
Sector Allocation

Jan'24

Dec'23

Nov'23

Government
52.9%
Corporate
42.9%
Cash Equivalent
4.2%

Top Holdings of DSP Banking & PSU Debt Fund Direct Growth as on (31-Jan-24)

  • Debt & Cash

Debt Holdings32
Holdings
Weight%
1M Change
National Bank For Financing Infrastructure And Development
National Bank For Financing Infrastructure And Development
8.76%
0%
State Bank Of India
State Bank Of India
5.63%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
5.39%
0%
HDFC Bank Limited
HDFC Bank Limited
4.42%
0%
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
4.23%
0%

DSP Banking & PSU Debt Fund Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 2.4K Cr
₹ 2.4K Cr
₹ 2.5K Cr
  • AUM of the fund stands at 2.4K Cr as of Jan'24
  • AUM decreased by 25 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

DSP Banking & PSU Debt Fund Direct Growth Fund Manager

Karan Mundhra
Karan Mundhra
Fund Manager of DSP Banking & PSU Debt Fund Direct Growth, since 1 July 2023

DSP Banking & PSU Debt Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.97% since inception which is more than its category average return of 5.45%
AUM size ₹2382 Cr

AUM size ₹2382 Cr

This fund has AUM of ₹2382 Cr which is less than its category average of ₹ 3664 Cr
Expense Ratio 0.32%

Expense Ratio 0.32%

This fund has an expense ratio of 0.32% which is less than its category average expense ratio of 0.49%

Frequently Asked Questions

The current NAV of DSP Banking & PSU Debt Fund Direct Growth is ₹22.27 as on 23-Feb-2024.
Existing (Absolute + CAGR) as on 23-Feb-2024.
DSP Banking & PSU Debt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.26%
1.26%
6 Month Returns
3.91%
3.91%
1 Year Returns
8.03%
8.03%
3 Years Returns
17.14%
5.42%
5 Years Returns
40.88%
7.09%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.32% as on January 2024
₹2382 Cr as on January 2024
National Bank For Financing Infrastructure And Development(8.76%), State Bank Of India(5.63%), Small Industries Development Bank Of India(5.39%), HDFC Bank Limited(4.42%), Indian Railway Finance Corporation Limited(4.23%) as on January 2024
Government(49.66%), Corporate(40.29%), Cash Equivalent(10.04%) as on January 2024
Yield to Maturity is 7.65 as on January 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 4.32 as on January 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Karan Mundhra is the fund manager of DSP Banking & PSU Debt Fund Direct Growth
The Exit load of DSP Banking & PSU Debt Fund Direct Growth is 0%