Debt
Direct
Floating Rate
NAV as on 31-10-2024
₹ 12.62
▲0.1%
1D
Inception Returns
6.7%
/yr
DSP Floater Fund Direct Growth is a debt fund. This fund was started on 19 March, 2021. The fund is managed by Kedar Karnik. This fund is suitable to keep your money safe.
DSP Floater Fund Direct Growth has given a CAGR return of 6.65% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 9.86% and 6.53% respectively.
DSP Floater Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are Govt Stock 22092033, National Bank For Financing Infrastructure And Development, 07.10 MH Sdl 2036, National Bank For Agriculture And Rural Development, Canara Bank
As it is a floating rate 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 primary objective of the scheme is to generate regular income through investment predominantly in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives).
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. DSP Floater Fund Direct Growth has no lock in period.
Expense ratio | 0.24% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹812 Cr |
Inception Date | 19 March, 2021 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 710.11% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Moderate Risk |
as on (31-Oct-24)
as on (31-Dec-69)
Top 2 Sectors in September were Government, Corporate
DSP Floater Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.43% | 0.43% |
6 Month Returns | 5.1% | 5.1% |
1 Year Returns | 9.86% | 9.86% |
3 Years Returns | 20.89% | 6.53% |
5 Years Returns | 0% | 0% |
AAA | 88.9 |
AA | 11.1 |