March 13, 2024
mayank
DSP Credit Risk Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 42.7476
Weekly NAV IDCW: Rs 10.2643
Quarterly NAV IDCW: Rs 11.2210
NAV IDCW: Rs 13.4233
Suitable For Which Investors?
“Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors’ money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.
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 constituted of money market securities and debt 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 | For units in excess of 10% of the investment, 1% will be charged for redemption Within 364 days |
Basic Details
| Fund House | DSP Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.91% |
| Benchmark | CRISIL Credit Risk Debt B-II Index |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 195 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.41% |
| (As on 31-Jan-2024) | |
| Risk Grade | Average |
| Return Grade | High |
Trailing Returns (%) of DSP Credit Risk Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP Credit Risk Dir | 1.72 | 0.01 | 0.80 | 2.27 | 12.02 | 17.30 | 10.33 | 8.13 | 6.62 | 7.81 |
| CCIL T Bill Liquidity Weight | 0.91 | 0.01 | 0.38 | 1.23 | 2.31 | 4.80 | 3.20 | 3.29 | 3.52 | 4.03 |
| Debt: Credit Risk | 1.86 | 0.01 | 0.83 | 2.34 | 4.76 | 9.48 | 10.43 | 5.81 | 6.05 | 7.28 |
| Rank within category | 9 | 8 | 5 | 7 | 1 | 1 | 4 | 2 | 9 | 3 |
| Number of funds in category | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 6 |
Peer Comparison of DSP Credit Risk 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 Credit Risk Dir | 5 star | 17.30 | 10.33 | 8.13 | 0.41 | 195 | 7.91 | 1.00 (364) | 11Y 2M |
| Nippon India Credit Risk Dir | 4 star | 9.29 | 9.18 | 4.71 | 0.91 | 1,031 | 7.28 | 1.00 (365) | 11Y 2M |
| UTI Credit Risk Dir | 4 star | 8.02 | 11.68 | -0.71 | 0.90 | 406 | 4.89 | 1.00 (365) | 11Y 2M |
| HDFC Credit Risk Debt Dir | 2 star | 8.39 | 6.88 | 8.05 | 0.96 | 8,191 | 8.84 | 1.00 (365) | 9Y 11M |
| ICICI Pru Credit Risk Dir | 3 star | 9.44 | 7.43 | 8.38 | 0.87 | 7,250 | 8.91 | 1.00 (365) | 11Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 17 | 36 |
| Macaulay Duration (yrs) | 1.78 | 1.93 |
| Average Maturity (yrs) | 2.17 | 2.54 |
| Yield to Maturity (%) | 8.41 | 8.41 |
| Avg Credit Rating | AA | — |
How to Invest in DSP Credit Risk Fund?
Chanakya’s Mutual Fund Guidance For DSP Credit Risk Fund
Apply Online: https://www.dspim.com/ifaxpress/ifalogin
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Quicklinks
https://sahifund.com/aditya-birla-sun-life-credit-risk-fund/