March 15, 2024
mayank
DSP Equity & Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 317.1890
NAV IDCW: Rs 61.0960
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably 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.
Aggressive hybrid funds invest 65-80 per cent of your money in equity shares and the rest in bonds. Their returns are slightly lower than those of pure equity funds which invest all your money in shares, but they also fall relatively less when the stock markets decline. This makes them suitable for conservative equity investors or first-time equity investors who are not used to sharp ups and downs.
Like for all equity-linked investments, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to generate long-term capital appreciation and current income from a portfolio constituted of equity and equity related securities as well as fixed income securities (debt and money market securities).
Fund Manager:
1) Abhishek Singh
Education: Mr. Singh is a B-Tech, IIT Kanpur PGDM, IIM Lucknow
Experience: Prior to joining DSP Mutual Fund he has worked with EdelCap Securities Limited, Systematic Trading Division. Kotak Securities Limited, Proprietary Trading and Structured Products Division. Kotak Mahindra Investments Limited, Structured Products Division.
2) Kedar Karnik
Education: Mr. Karnik is a BE and has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies.
Experience: Prior to joining DSP Mutual Fund he was associated with Axis Asset Management. He has also worked with HSBC and CRISIL Ltd..
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 | 13.96% |
| Benchmark | CRISIL Hybrid 35+65 Aggressive Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 8,804 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.75% |
| (As on 29-Feb-2024) | |
| Risk Grade | Average |
| Return Grade | Above Average |
| Turnover | 47.00% |
Trailing Returns (%) of DSP Equity & Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP Equity & Bond Dir | -1.20 | 0.64 | -0.57 | 0.05 | 6.76 | 28.54 | 12.89 | 15.20 | 13.29 | 15.84 |
| VR Balanced TRI | 2.89 | -0.62 | 2.38 | 6.17 | 11.20 | 26.91 | 13.85 | 14.79 | 14.01 | 13.33 |
| Hybrid: Aggressive Hybrid | 2.56 | 0.98 | 0.37 | 4.32 | 10.63 | 31.73 | 15.82 | 15.13 | 13.54 | 15.02 |
| Rank within category | 46 | 43 | 43 | 45 | 40 | 29 | 33 | 14 | 15 | 7 |
| Number of funds in category | 46 | 46 | 46 | 45 | 44 | 44 | 43 | 37 | 28 | 22 |
Peer Comparison of DSP Equity & 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 | Turnover (%) | |
| DSP Equity & Bond Dir | 3 star | 28.54 | 12.89 | 15.20 | 0.75 | 8,804 | 13.96 | 1.00 (364) | 11Y 2M | 47.00 |
| ICICI Pru Equity & Debt Dir | 5 star | 39.79 | 24.48 | 20.86 | 1.03 | 32,429 | 18.06 | 1.00 (365) | 11Y 2M | 28.00 |
| Canara Robeco Equity Hybrid Dir | 4 star | 27.88 | 13.97 | 15.70 | 0.64 | 9,809 | 14.85 | 1.00 (365) | 11Y 2M | 26.00 |
| HDFC Children’s Gift Dir | 5 star | 28.12 | 17.98 | 16.88 | 0.94 | 8,452 | 16.28 | — | 11Y 2M | 12.55 |
| UTI Aggressive Hybrid Dir | 4 star | 34.00 | 18.13 | 15.97 | 1.32 | 5,243 | 13.39 | 1.00 (365) | 11Y 2M | 30.00 |
Portfolio Analysis of DSP Equity & Bond Fund
| No. of Stocks | 51 |
| Top 10 Holdings | 33.82% |
| Top 5 Stocks | 20.64% |
| Top 3 Sectors | 40.38% |
| Portfolio P/B Ratio | 4.27 |
| Portfolio P/E Ratio | 26.06 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,14,539 | 1,66,981 |
| Giant (%) | 43.50 | 54.17 |
| Large (%) | 20.96 | 16.93 |
| Mid (%) | 29.84 | 22.07 |
| Small (%) | 5.70 | 8.32 |
| Tiny (%) | — | 0.51 |
| Fund | Category | |
| Number of Securities | 105 | 72 |
| Macaulay Duration (yrs) | 2.38 | 3.65 |
| Average Maturity (yrs) | 3.02 | 5.99 |
| Yield to Maturity (%) | 7.67 | 7.56 |
| Avg Credit Rating | AAA | — |
How to Invest in DSP Equity & Bond Fund?
Chanakya’s Mutual Fund Guidance For DSP Equity & Bond Fund
Do not invest in this, or any other aggressive hybrid 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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