DSP Banking & PSU Debt Fund Direct Growth

DSP Banking & PSU Debt Fund Direct Growth

Debt

Direct

Banking & Psu

NAV as on 07-10-2024

₹ 23.54

-0.2%

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

  1. 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.
  2. 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

Annualised

zero opening, trading, fund transfer fee
100 people have invested ₹ 28L in DSP Banking & PSU Debt Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.32%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹2710 Cr
Inception Date14 September, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
507.94%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (07-Oct-24)

Period
DSP Banking & PSU Debt Fund Direct Growth
Banking and PSU Index
1M
1%
0.5%
3M
2.7%
1.8%
6M
4.6%
3.3%
1Y
9.1%
7%
3Y
6.2%
5.3%
5Y
6.9%
6.1%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Aug'24

Jul'24

Jun'24

Government
48.6%
Corporate
48.5%
Cash Equivalent
2.9%
All changes are between Oct'69 and Dec'69
Parameters
Aug'24
Jul'24
Jun'24
AUM
₹ 2.5K Cr
₹ 2.4K Cr
₹ 2.4K Cr
  • 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
Cash allocation has gone up from 0.1% to 4.2%
Cash allocation has gone up from 0.1% to 4.2%
Debt allocation has gone down from 99.6% to 95.6%
Debt allocation has gone down from 99.6% to 95.6%

Top 2 Sectors in August were Government, Corporate

Aug'24
Government
49%
Corporate
48%
Jul'24
Government
53%
Corporate
47%
  • Debt & Cash

Holdings
Weight%
1M Change
7.3% Govt Stock 2053
7.3% Govt Stock 2053
11.18%
0%
National Bank For Financing Infrastructure And Development
National Bank For Financing Infrastructure And Development
5.89%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
5.14%
0%
State Bank Of India
State Bank Of India
4.58%
0%
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
4.27%
5.3%
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Karan Mundhra
Karan Mundhra
Fund Manager of DSP Banking & PSU Debt Fund Direct Growth, since 1 July 2023
Fund House
DSP Asset Managers Private Limited
Total Schemes
Total AUM
₹1.28L Cr
as on 30-Sep-2023
Address
India
Phone
91-22-66578000
Website
service@dspblackrock.com

Mutual Fund Insights

Insights icon
Over the last 1 month, this fund has experienced a 3.6% growth in AUM moving from 2.52K Cr to 2.61K Cr.
Insights icon
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%.
Insights icon
In the last 3 years, UTI Banking & PSU Fund Direct Plan Growth has given 8.17% return, outperforming this fund by 1.99% per annum.
Insights icon
In the last 5 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.5% return, outperforming this fund by 0.63% per annum.
Insights icon
In the last 1 year, this fund has outperformed all funds in its category.

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 8.05% since inception which is more than its category average return of 5.77%
AUM size ₹0 Cr

AUM size ₹0 Cr

This fund has AUM of ₹0 Cr which is less than its category average of ₹ 3582 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 ₹23.54 as on 07-Oct-2024.
Existing (Absolute + CAGR) as on 07-Oct-2024.
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%
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 September 2024
₹2710 Cr as on September 2024
7.3% Govt Stock 2053(11.18%), National Bank For Financing Infrastructure And Development(5.89%), Small Industries Development Bank Of India(5.14%), State Bank Of India(4.58%), Indian Railway Finance Corporation Limited(4.27%) as on September 2024
Government(48.66%), Corporate(48.32%), Cash Equivalent(3.02%) as on September 2024
Yield to Maturity is 7.41 as on September 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 5.88 as on September 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%