DSP Savings Fund Direct Plan Daily Reinvestment of Income Distribution cum capital Wdrl Opt

Debt
Direct
Money Market
DSP Savings Fund Direct Plan Daily Reinvestment of Income Distribution cum capital Wdrl Opt

About the Fund

DSP Savings Fund Direct Plan Daily Reinvestment of Income Distribution cum capital Wdrl Opt is a debt fund. This fund was started on 2 August, 2013. The fund is managed by Kedar Karnik, Karan Mundhra. This fund is suitable to keep your money safe.

Key Parameters

  1. DSP Savings Fund Direct Plan Daily Reinvestment of Income Distribution cum capital Wdrl Opt has ₹4621 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 Savings Fund Direct Plan Daily Reinvestment of Income Distribution cum capital Wdrl Opt has given a CAGR return of 4.90% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.82%, 5.49% and 4.57% respectively.

Holdings

DSP Savings Fund Direct Plan Daily Reinvestment of Income Distribution cum capital Wdrl Opt has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are National Bank For Agriculture And Rural Development, Union Bank of India, Small Industries Development Bank Of India, LIC Housing Finance Ltd., IDFC First Bank Ltd.

Taxation

As it is a money market 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 Savings Fund Direct Plan Daily Reinvestment of Income Distribution cum capital Wdrl Opt

The primary investment objective of the Scheme is to generate income through investment in a portfolio comprising of money market instruments with maturity less than or equal to 1 year. 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 Savings Fund Direct Plan Daily Reinvestment of Income Distribution cum capital Wdrl Opt has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
3 people have invested ₹ 1.5K in DSP Savings Fund Direct Plan Daily Reinvestment of Income Distribution cum capital Wdrl Opt in the last three months

Fund Overview

Expense ratio0.25%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹4621 Cr
Inception Date2 August, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
173.29%
Risk
Risk meter
pointer
Low to Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
48.9%
Cash Equivalent
39.2%
Government
11.9%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
6.17%
0%
Union Bank of India
Union Bank of India
5.14%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
4.13%
0%
LIC Housing Finance Ltd.
LIC Housing Finance Ltd.
4.11%
0%
IDFC First Bank Ltd.
IDFC First Bank Ltd.
4.11%
0%

Kedar Karnik
Kedar Karnik
Fund Manager of DSP Savings Fund Direct Plan Daily Reinvestment of Income Distribution cum capital Wdrl Opt, since 17 July 2016
Karan Mundhra
Karan Mundhra
Fund Manager of DSP Savings Fund Direct Plan Daily Reinvestment of Income Distribution cum capital Wdrl Opt, since 31 May 2021

DSP Savings Fund Direct Plan Daily Reinvestment of Income Distribution cum capital Wdrl Opt 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 4.9% since inception which is less than its category average return of 4.97%
AUM size ₹4621 Cr

AUM size ₹4621 Cr

This fund has AUM of ₹4621 Cr which is less than its category average of ₹ 7328 Cr
Expense Ratio 0.25%

Expense Ratio 0.25%

This fund has an expense ratio of 0.25% which is less than its category average expense ratio of 0.34%

Frequently Asked Questions

The current NAV of DSP Savings Fund Direct Plan Daily Reinvestment of Income Distribution cum capital Wdrl Opt is ₹10.15 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
DSP Savings Fund Direct Plan Daily Reinvestment of Income Distribution cum capital Wdrl Opt
Absolute Returns
CAGR Returns
1 Month Returns
0.67%
0.67%
6 Month Returns
3.52%
3.52%
1 Year Returns
6.82%
6.82%
3 Years Returns
17.4%
5.49%
5 Years Returns
25.06%
4.57%
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.
0.25% as on May 2024
₹4621 Cr as on May 2024
National Bank For Agriculture And Rural Development(6.17%), Union Bank of India(5.14%), Small Industries Development Bank Of India(4.13%), LIC Housing Finance Ltd.(4.11%), IDFC First Bank Ltd.(4.11%) as on May 2024
Corporate(48.89%), Cash Equivalent(39.25%), Government(11.86%) as on May 2024
Yield to Maturity is 7.59 as on May 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 0.68 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Kedar Karnik, Karan Mundhra are the fund managers of DSP Savings Fund Direct Plan Daily Reinvestment of Income Distribution cum capital Wdrl Opt
The Exit load of DSP Savings Fund Direct Plan Daily Reinvestment of Income Distribution cum capital Wdrl Opt is 0%