March 13, 2024
mayank
DSP Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 77.7559
Monthly NAV IDCW: Rs 11.1920
NAV IDCW: Rs 12.2242
Suitable For Which Investors?
“Medium Duration debt funds invest mainly in bonds maturing in about three to four years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.”
Fund’s Investment Strategy:
The fund aims at reasonable and attractive return consistent with prudent risk from a portfolio of high quality debt instruments. The secondary objective is to generate capital appreciation.
Fund Manager:
1) Karan Mundra
Education: Mr. Mundra is a B. COM. and Charted Accountant (CA)
Experience: He is working with DSP Mutual Fund since april 2012, he has Over 9 years of experience.
2) Vivekanand Ramakrishnan
Education: Mr. Ramakrishnan is a B.Tech from IIT Madras, MS and PHD from University of Southern California.
Experience: Prior to joining DSP Investment Managers. He has worked with ICICI Prudential Mutual Fund, Standard Chartered Bank, Vikram Ispat as Marketing Executive and with CRISIL as manager-rating.
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 | 01-Jan-13 |
| Return Since Launch | 6.93% |
| Benchmark | CRISIL Medium Duration Debt A-III Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 354 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.40% |
| (As on 31-Jan-2024) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
Trailing Returns (%) of DSP Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP Bond Dir | 1.71 | -0.02 | 0.75 | 2.47 | 4.07 | 8.47 | 5.72 | 5.61 | 5.73 | 7.24 |
| VR Bond | 2.42 | 0.14 | 0.77 | 3.13 | 4.42 | 8.53 | 5.41 | 5.91 | 5.99 | 6.82 |
| Debt: Medium Duration | 1.90 | -0.01 | 0.78 | 2.56 | 4.08 | 8.45 | 6.76 | 6.37 | 6.87 | 7.90 |
| Rank within category | 14 | 11 | 11 | 11 | 8 | 9 | 11 | 10 | 10 | 6 |
| Number of funds in category | 16 | 16 | 16 | 16 | 16 | 16 | 15 | 14 | 12 | 8 |
Peer Comparison of DSP Bond 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 Bond Dir | 2 star | 8.47 | 5.72 | 5.61 | 0.40 | 354 | 6.93 | — | 11Y 2M |
| ICICI Pru Medium Term Bond Dir | 4 star | 8.50 | 6.83 | 8.05 | 0.74 | 6,408 | 8.48 | 1.00 (365) | 11Y 2M |
| Axis Strategic Bond Dir | 4 star | 9.12 | 6.85 | 7.55 | 0.35 | 1,977 | 8.6 | 1.00 (365) | 11Y 2M |
| ABSL Medium Term Dir | 5 star | 8.29 | 13.28 | 9.38 | 0.85 | 1,887 | 9.42 | 2.00 (365) | 11Y 2M |
| HSBC Medium Duration Dir | 4 star | 8.83 | 6.28 | 7.29 | 0.40 | 817 | 7.82 | — | 9Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 15 | 37 |
| Macaulay Duration (yrs) | 3.42 | 3.60 |
| Average Maturity (yrs) | 4.02 | 5.13 |
| Yield to Maturity (%) | 7.69 | 7.92 |
| Avg Credit Rating | AAA | — |
How to Invest in DSP Bond Fund?
Chanakya’s Mutual Fund Guidance For DSP Bond Fund
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