DSP Floater Fund Direct Growth

DSP Floater Fund Direct Growth

Debt

Direct

Floating Rate

NAV as on 31-10-2024

₹ 12.62

0.1%

1D

Inception Returns

6.7%

/yr

About DSP Floater Fund Direct Growth

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.

Key Parameters

  1. DSP Floater Fund Direct Growth has ₹812 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

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.

Holdings

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

Taxation

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.

Investment objective of DSP Floater Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
26 people have invested ₹ 5.6L in DSP Floater Fund Direct Growth in the last three months

DSP Floater Fund Direct Growth Overview

Expense ratio0.24%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹812 Cr
Inception Date19 March, 2021
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
710.11%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (31-Oct-24)

Period
DSP Floater Fund Direct Growth
Floating Rate Index
1M
0.4%
0.4%
3M
2.4%
1.9%
6M
5.1%
4.2%
1Y
9.9%
8.2%
3Y
6.5%
6.3%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.6%

AAA
88.9%

AA
11.1%

Sector Allocation

Sep'24

Aug'24

Jul'24

Government
62.9%
Corporate
35.8%
Cash Equivalent
1.3%
All changes are between Oct'69 and Dec'69
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 813.5 Cr
₹ 804.7 Cr
₹ 896.4 Cr
  • AUM of the fund stands at 813.5 Cr as of Sep'24
  • AUM increased by 8.9 Cr between Sep'24 and Aug'24
Cash allocation has gone up from 1.1% to 16.4%
Cash allocation has gone up from 1.1% to 16.4%
Debt allocation has gone down from 98.5% to 83.2%
Debt allocation has gone down from 98.5% to 83.2%

Top 2 Sectors in September were Government, Corporate

Sep'24
Government
63%
Corporate
36%
Aug'24
Government
75%
Corporate
20%
  • Debt & Cash

Holdings
Weight%
1M Change
Govt Stock 22092033
Govt Stock 22092033
22.28%
-47%
National Bank For Financing Infrastructure And Development
National Bank For Financing Infrastructure And Development
6.38%
0%
07.10 MH Sdl 2036
07.10 MH Sdl 2036
6.25%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
6.2%
0%
Canara Bank
Canara Bank
6.08%
0%
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Kedar Karnik
Kedar Karnik
Fund Manager of DSP Floater Fund Direct Growth, since 17 July 2021
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

DSP Floater Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 6.65% since inception which is more than its category average return of 5.55%
AUM size ₹812 Cr

AUM size ₹812 Cr

This fund has AUM of ₹812 Cr which is less than its category average of ₹ 4613 Cr
Expense Ratio 0.24%

Expense Ratio 0.24%

This fund has an expense ratio of 0.24% which is less than its category average expense ratio of 0.55%

Frequently Asked Questions for DSP Floater Fund Direct Growth

The current NAV of DSP Floater Fund Direct Growth is ₹12.62 as on 31-Oct-2024.
Existing (Absolute + CAGR) as on 31-Oct-2024.
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%
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.
0.24% as on October 2024
₹812 Cr as on October 2024
Govt Stock 22092033(22.28%), National Bank For Financing Infrastructure And Development(6.38%), 07.10 MH Sdl 2036(6.25%), National Bank For Agriculture And Rural Development(6.2%), Canara Bank(6.08%) as on October 2024
Government(62.47%), Corporate(35.97%), Cash Equivalent(1.56%) as on October 2024
Yield to Maturity is 7.54 as on October 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 3.39 as on October 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
88.9
AA
11.1
Kedar Karnik is the fund manager of DSP Floater Fund Direct Growth
The Exit load of DSP Floater Fund Direct Growth is 0%