March 13, 2024
mayank
DSP Dynamic Asset Allocation Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 26.5060
Monthly NAV IDCW: Rs 14.8350
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
Dynamic Asset Allocation or Balanced Advantage funds invest your money in equity shares and bonds though their proportions are not fixed. The fund management team may increase of decrease the allocation to equity shares depending upon their market outlook.
These funds tend to fall less than pure equity funds when the stock markets decline because of their debt allocation. This makes them suitable for conservative equity investors.
Like for all equity-linked investments, you must invest only through the SIP route.
Fund’s Investment Strategy:
The Scheme seeks to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks and public sector entities/undertakings.
Fund Manager:
1) Dhaval Gada
Education: Mr. Gada has done B.Com, PGDM(Finance) and CFA (level 3 appearing)
Experience: Prior to joining DSP Mutual Fund, he has worked with Sundaram Mutual Fund, Motilal Oswal Financial Services Ltd, Morgan Stanley, Edelweiss Capital, India Capital Market Pvt Ltd. and Gridstone Research
2) 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.
3) Rohit Singhania
Education: Mr. Singhania is an MMS.
Experience: Prior to joining DSP AMC he has worked with HDFC Securities Ltd. and IL&FS Investsmart Limited.
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 | 06-Feb-14 |
| Return Since Launch | 10.13% |
| Benchmark | CRISIL Hybrid 50+50 Moderate Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 3,125 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.67% |
| (As on 31-Jan-2024) | |
| Risk Grade | Below Average |
| Return Grade | Below Average |
| Turnover | 482.00% |
Trailing Returns (%) of DSP Dynamic Asset Allocation Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP Dynamic Asset Allocation Dir | 0.97 | -0.18 | 0.89 | 3.12 | 8.20 | 20.01 | 9.49 | 10.97 | 10.08 | 10.06 |
| VR Balanced TRI | 2.89 | -0.62 | 2.38 | 6.17 | 11.20 | 26.91 | 13.85 | 14.79 | 14.01 | 13.33 |
| Hybrid: Dynamic Asset Allocation | 3.77 | -0.38 | 1.98 | 6.49 | 11.77 | 25.48 | 13.36 | 13.06 | 11.19 | 12.18 |
| Rank within category | 32 | 9 | 32 | 30 | 29 | 28 | 23 | 17 | 11 | 6 |
| Number of funds in category | 34 | 36 | 35 | 33 | 33 | 31 | 24 | 20 | 13 | 7 |
Peer Comparison of DSP Dynamic Asset Allocation 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 | Turnover (%) | |
| DSP Dynamic Asset Allocation Dir | 3 star | 20.01 | 9.49 | 10.97 | 0.67 | 3,125 | 10.13 | 1.00 (364) | 10Y 1M | 482.00 |
| HDFC Balanced Advantage Dir | 5 star | 39.60 | 23.52 | 19.15 | 0.75 | 78,759 | 16.33 | 1.00 (365) | 11Y 2M | 14.27 |
| ICICI Pru Balanced Advantage Dir | 4 star | 22.29 | 13.44 | 13.50 | 0.87 | 55,229 | 13.35 | 1.00 (365) | 11Y 2M | 27.00 |
| Edelweiss Balanced Advantage Dir | 4 star | 25.96 | 13.89 | 15.98 | 0.52 | 10,623 | 13.2 | 1.00 (90) | 11Y 2M | 71.00 |
| Tata Balanced Advantage Dir | 4 star | 24.70 | 14.14 | 14.95 | 0.30 | 8,730 | 14.9 | 1.00 (90) | 5Y 1M | 39.63 |
Portfolio Analysis of DSP Dynamic Asset Allocation Fund
| No. of Stocks | 120 |
| Top 10 Holdings | 32.79% |
| Top 5 Stocks | 20.94% |
| Top 3 Sectors | 19.22% |
| Portfolio P/B Ratio | 2.80 |
| Portfolio P/E Ratio | 18.74 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,35,004 | 2,14,226 |
| Giant (%) | 46.05 | 59.10 |
| Large (%) | 21.99 | 19.28 |
| Mid (%) | 29.55 | 17.13 |
| Small (%) | 2.41 | 5.04 |
| Tiny (%) | — | 0.06 |
| Fund | Category | |
| Number of Securities | 243 | 110 |
| Macaulay Duration (yrs) | 2.79 | 2.68 |
| Average Maturity (yrs) | 3.25 | 3.73 |
| Yield to Maturity (%) | 7.69 | 7.46 |
| Avg Credit Rating | AAA | — |
How to Invest in DSP Dynamic Asset Allocation Fund?
Chanakya’s Mutual Fund Guidance For DSP Dynamic Asset Allocation Fund
Do not invest in this, or any other dynamic asset allocation fund, if you need to redeem your investment in less than five years.
Apply Online: https://www.dspim.com/ifaxpress/ifalogin
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