March 13, 2024
mayank
DSP Corporate Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 14.6219
Quarterly NAV IDCW: Rs 11.3423
Monthly NAV IDCW: Rs 10.4875
NAV IDCW: Rs 11.9390
Suitable For Which Investors?
“Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The Scheme seeks to generate regular income and capital appreciation commensurate with risk from a portfolio predominantly investing in corporate debt securities across maturities which are rated AA+ and above, in addition to debt instruments issued by central and state governments and money market securities.
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) 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 | 10-Sep-18 |
| Return Since Launch | 7.14% |
| Benchmark | CRISIL Corporate Debt A-II |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 2,591 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.28% |
| (As on 31-Jan-2024) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
Trailing Returns (%) of DSP Corporate Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP Corporate Bond Dir | 1.63 | 0.01 | 0.71 | 2.21 | 3.67 | 7.95 | 4.69 | 6.53 | — | — |
| VR Bond | 2.42 | 0.14 | 0.77 | 3.13 | 4.42 | 8.53 | 5.41 | 5.91 | — | — |
| Debt: Corporate Bond | 1.76 | 0.01 | 0.76 | 2.34 | 3.81 | 7.97 | 5.65 | 6.86 | — | — |
| Rank within category | 18 | 7 | 18 | 18 | 18 | 13 | 19 | 16 | — | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 19 | 19 | 13 | 11 |
Peer Comparison of DSP Corporate 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 Corporate Bond Dir | 2 star | 7.95 | 4.69 | 6.53 | 0.28 | 2,591 | 7.14 | — | 5Y 6M |
| ICICI Pru Corporate Bond Dir | 5 star | 8.26 | 6.31 | 7.55 | 0.32 | 26,051 | 8.19 | — | 11Y 2M |
| ABSL Corporate Bond Dir | 4 star | 8.29 | 6.13 | 7.52 | 0.33 | 21,535 | 8.21 | — | 11Y 2M |
| Axis Corporate Debt Dir | 4 star | 8.46 | 6.11 | 7.05 | 0.30 | 5,242 | 7.42 | — | 6Y 8M |
| Nippon India Corporate Bond Dir | 5 star | 8.61 | 6.39 | 7.10 | 0.34 | 2,613 | 7.94 | — | 11Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 41 | 67 |
| Macaulay Duration (yrs) | 2.74 | 2.92 |
| Average Maturity (yrs) | 3.05 | 3.90 |
| Yield to Maturity (%) | 7.71 | 7.71 |
| Avg Credit Rating | AAA | — |
How to Invest in DSP Corporate Bond Fund?
Chanakya’s Mutual Fund Guidance For DSP Corporate Bond 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
https://sahifund.com/aditya-birla-sun-life-corporate-bond-fund/