DSP Bond Fund Direct Growth

Debt
Direct
Medium Duration
DSP Bond Fund Direct Growth

About the Fund

DSP Bond Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Vivek Ramakrishnan, Karan Mundhra. This fund is suitable to keep your money safe.

Key Parameters

  1. DSP Bond Fund Direct Growth has ₹380 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

DSP Bond Fund Direct Growth has given a CAGR return of 6.96% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.36%, 5.67% and 6.26% respectively.

Holdings

DSP Bond Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Industrial, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2029, Reliance Industries Limited, Ntpc Limited, Bajaj Finance Limited, Power Finance Corp Ltd.

Taxation

As it is a medium duration 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 Bond Fund Direct Growth

The primary investment objective of the Scheme is to seek to generate an attractive return, consistent with prudent risk, from a portfolio which is substantially constituted of high quality debt securities, predominantly of issuers domiciled in India. This shall be the fundamental attribute of the Scheme. As a secondary objective, the Scheme will seek capital appreciation. The Scheme will also invest a certain portion of its corpus in money market securities, in order to meet liquidity requirements from time to time. There is no assurance that the investment objective of the Scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. DSP Bond Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
97 people have invested ₹ 3.3L in DSP Bond Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.4%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹380 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
317.6%
Risk
Risk meter
pointer
Moderately High risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
100%

Sector Allocation

Jun'24

May'24

Apr'24

Corporate
53.6%
Government
44.3%
Cash Equivalent
2%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.1% Govt Stock 2029
7.1% Govt Stock 2029
20.18%
0%
Reliance Industries Limited
Reliance Industries Limited
7.17%
0%
Ntpc Limited
Ntpc Limited
7.06%
0%
Bajaj Finance Limited
Bajaj Finance Limited
6.96%
0%
Power Finance Corp Ltd.
Power Finance Corp Ltd.
6.8%
0%

Vivek Ramakrishnan
Vivek Ramakrishnan
Fund Manager of DSP Bond Fund Direct Growth, since 17 July 2021
Karan Mundhra
Karan Mundhra
Fund Manager of DSP Bond Fund Direct Growth, since 1 May 2021

Mutual Fund Insights

Insights icon
In the last 5 years, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 9.41% return, outperforming this fund by 3.15% per annum.
Insights icon
In the last 1 year, Kotak Medium Term Direct Growth has given 8.87% return, outperforming this fund by 1.51%.
Insights icon
Over the last 3 months, this fund has experienced a 5.7% growth in AUM moving from 359.44 Cr to 380.09 Cr.
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This fund has one of the lowest expense ratio in the category (medium duration). Its expense ratio is 0.4% which is lower than the category average expense ratio of 0.83%.
Insights icon
In the last 3 years, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 13.48% return, outperforming this fund by 7.81% per annum.

DSP Bond Fund Direct Growth Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 6.96% since inception which is more than its category average return of 4.47%
AUM size ₹380 Cr

AUM size ₹380 Cr

This fund has AUM of ₹380 Cr which is less than its category average of ₹ 1494 Cr
Expense Ratio 0.4%

Expense Ratio 0.4%

This fund has an expense ratio of 0.4% which is less than its category average expense ratio of 0.96%

Frequently Asked Questions

The current NAV of DSP Bond Fund Direct Growth is ₹79.74 as on 19-Jul-2024.
Existing (Absolute + CAGR) as on 19-Jul-2024.
DSP Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.74%
0.74%
6 Month Returns
4.04%
4.04%
1 Year Returns
7.36%
7.36%
3 Years Returns
17.98%
5.67%
5 Years Returns
35.48%
6.26%
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.
0.4% as on June 2024
₹380 Cr as on June 2024
7.1% Govt Stock 2029(20.18%), Reliance Industries Limited(7.17%), Ntpc Limited(7.06%), Bajaj Finance Limited(6.96%), Power Finance Corp Ltd.(6.8%) as on June 2024
Corporate(53.89%), Government(44.63%), Cash Equivalent(1.48%) as on June 2024
Yield to Maturity is 7.48 as on June 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 3.22 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Vivek Ramakrishnan, Karan Mundhra are the fund managers of DSP Bond Fund Direct Growth
The Exit load of DSP Bond Fund Direct Growth is 0%