March 12, 2024
mayank
DSP 10Y G-Sec Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 19.9611
Quarterly NAV IDCW: Rs 11.0517
Monthly NAV IDCW: Rs 10.5064
NAV IDCW: Rs 11.4279
Suitable For Which Investors?
“This is a fund that invests mainly in bonds issued by the government of India which will mature in 10 years or more. These bonds do not carry any risk of default since the repayment of investors’ money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.”
Fund’s Investment Strategy:
The scheme seeks to generate returns commensurate with risk from a portfolio of Government Securities with weighted average maturity of around 10 years.
Fund Manager:
1) Laukik Bagwe
Education: Mr. Bagwe is a B.Com (H) and PGDBA (Finance)
Experience: Prior to joining DSP Mutual Fund he has worked with Derivium Capital and Securities Pvt. Ltd. and with Birla Sun Life Securities Ltd.
2) Shantanu Godambe
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | DSP Mutual Fund |
| Launch Date | 26-Sep-14 |
| Return Since Launch | 7.58% |
| Benchmark | CRISIL 10-Year Gilt |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 49 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.31% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of DSP 10Y G-Sec Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP 10Y G-Sec Dir | 2.42 | 0.18 | 1.25 | 3.50 | 4.76 | 9.73 | 4.37 | 6.72 | 6.38 | — |
| CCIL All Sovereign Bond – TRI | 3.82 | 0.18 | 1.03 | 5.02 | 5.95 | 11.16 | 6.33 | 8.05 | 7.72 | — |
| Debt: Gilt with 10 year Constant Duration | 2.52 | 0.19 | 1.22 | 3.64 | 4.90 | 9.70 | 5.34 | 7.58 | 7.60 | — |
| Rank within category | 5 | 5 | 3 | 5 | 5 | 2 | 4 | 4 | 4 | — |
| Number of funds in category | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 2 |
Peer Comparison of DSP 10Y G-Sec Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| DSP 10Y G-Sec Dir | Unrated | 9.73 | 4.37 | 6.72 | 0.31 | 49 | 7.58 | — | 9Y 5M |
| ICICI Pru Constant Maturity Gilt Dir | Unrated | 9.66 | 5.75 | 8.08 | 0.23 | 2,457 | 8.87 | — | 9Y 6M |
| SBI Magnum Constant Maturity Dir | Unrated | 9.67 | 5.86 | 7.60 | 0.31 | 1,637 | 8.89 | — | 11Y 2M |
| SBI Nifty 10Y Benchmark G-Sec ETF | Unrated | 9.81 | 4.47 | 6.05 | 0.14 | 2,875 | 5.95 | — | 7Y 9M |
| ICICI Pru Nifty 10 yr Benchmark G-Sec ETF | Unrated | 9.40 | — | — | 0.14 | 499 | 7.78 | — | 1Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 1 | 3 |
| Macaulay Duration (yrs) | 6.81 | 6.89 |
| Average Maturity (yrs) | 9.50 | 9.69 |
| Yield to Maturity (%) | 7.27 | 7.28 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in DSP 10Y G-Sec Fund?
Chanakya’s Mutual Fund Guidance For DSP 10Y G-Sec Fund
Apply Online: https://www.dspim.com/ifaxpress/ifalogin
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks