DSP Ultra Short Fund Direct Growth

DSP Ultra Short Fund Direct Growth

Debt

Direct

Ultra Short Duration

NAV as on 06-12-2024

₹ 3541.24

Inception Returns

7.1%

/yr

About DSP Ultra Short Fund Direct Growth

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

Key Parameters

  1. DSP Ultra Short Fund Direct Growth has ₹3232 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 Ultra Short Fund Direct Growth has given a CAGR return of 7.12% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.76%, 6.59% and 5.78% respectively.

Holdings

DSP Ultra Short Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are LIC Housing Finance Ltd, 364 DTB 05122024, 182 DTB 23012025, Punjab National Bank, Bank Of Baroda

Taxation

As it is a ultra short 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 Ultra Short Fund Direct Growth

An Open ended income Scheme, seeking to generate returns commensurate with risk from a portfolio constituted of money market securities and/or debt securities. 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 Ultra Short Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
76 people have invested ₹ 17.8L in DSP Ultra Short Fund Direct Growth in the last three months

DSP Ultra Short Fund Direct Growth Overview

Expense ratio0.3%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹3232 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
209.95%
STCGSelling mutual fund 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 (06-Dec-24)

Period
DSP Ultra Short Fund Direct Growth
Ultra Short Duration Index
1M
0.6%
0.5%
3M
1.9%
1.6%
6M
3.8%
3.3%
1Y
7.8%
7%
3Y
6.6%
6%
5Y
5.8%
5.3%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
92.5%

AA
7.5%

Sector Allocation

Oct'24

Sep'24

Aug'24

Cash Equivalent
57%
Corporate
37.6%
Government
5.5%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 3.3K Cr
₹ 2.8K Cr
₹ 2.8K Cr
  • AUM of the fund stands at 3.3K Cr as of Oct'24
  • AUM increased by 478.3 Cr between Oct'24 and Sep'24
Cash allocation has gone down from 56.9% to 56.8%
Cash allocation has gone down from 56.9% to 56.8%
Debt allocation has gone up from 42.9% to 43%
Debt allocation has gone up from 42.9% to 43%

Top 2 Sectors in October were Corporate, Government

Oct'24
Corporate
38%
Government
5%
Sep'24
Corporate
64%
Government
11%
  • Debt & Cash

Holdings
Weight%
1M Change
LIC Housing Finance Ltd
LIC Housing Finance Ltd
4.72%
0%
364 DTB 05122024
364 DTB 05122024
3.86%
0%
182 DTB 23012025
182 DTB 23012025
3.06%
0%
Punjab National Bank
Punjab National Bank
3.05%
0%
Bank Of Baroda
Bank Of Baroda
2.99%
0%
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Karan Mundhra
Karan Mundhra
Fund Manager of DSP Ultra Short Fund Direct Growth, since 31 May 2021
Laukik Bagwe
Laukik Bagwe
Fund Manager of DSP Ultra Short Fund Direct Growth, since 1 August 2024
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 6 months, this fund has experienced a 20.2% growth in AUM moving from 2.68K Cr to 3.23K Cr.
Insights icon
This fund has one of the lowest expense ratio in the category (ultra short duration). Its expense ratio is 0.3% which is lower than the category average expense ratio of 0.56%.
Insights icon
In the last 5 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.08% return, outperforming this fund by 1.3% per annum.
Insights icon
In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 6.94% return, outperforming this fund by 0.35% per annum.
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In the last 1 year, Nippon India Ultra Short Duration Fund Direct Growth Option has given 8.03% return, outperforming this fund by 0.27%.
Insights icon
Over the last 6 months, this fund has decreased expense ratio by 3.2% moving from 0.31 to 0.30.

DSP Ultra Short 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 7.12% since inception which is less than its category average return of 7.17%
AUM size ₹3232 Cr

AUM size ₹3232 Cr

This fund has AUM of ₹3232 Cr which is less than its category average of ₹ 3599 Cr
Expense Ratio 0.3%

Expense Ratio 0.3%

This fund has an expense ratio of 0.3% which is less than its category average expense ratio of 0.61%

Frequently Asked Questions for DSP Ultra Short Fund Direct Growth

The current NAV of DSP Ultra Short Fund Direct Growth is ₹3541.24 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
DSP Ultra Short Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.61%
0.61%
6 Month Returns
3.8%
3.8%
1 Year Returns
7.76%
7.76%
3 Years Returns
21.11%
6.59%
5 Years Returns
32.46%
5.78%
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.
0.3% as on November 2024
₹3232 Cr as on November 2024
LIC Housing Finance Ltd(4.72%), 364 DTB 05122024(3.86%), 182 DTB 23012025(3.06%), Punjab National Bank(3.05%), Bank Of Baroda(2.99%) as on November 2024
Corporate(49.25%), Cash Equivalent(46.83%), Government(3.93%) as on November 2024
Yield to Maturity is 7.48 as on November 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 0.44 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
92.46
AA
7.54
Karan Mundhra, Laukik Bagwe are the fund managers of DSP Ultra Short Fund Direct Growth
The Exit load of DSP Ultra Short Fund Direct Growth is 0%