March 15, 2024
mayank
DSP Equity Savings Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 21.0100
Quarterly NAV IDCW: Rs 16.1460
Monthly NAV IDCW: Rs 16.1470
NAV IDCW: Rs 12.8860
Suitable For Which Investors?
“Equity-savings funds invest about a third of your money each in equity shares, bonds and arbitrage opportunities, though these proportions may vary a bit depending upon the market outlook of the fund manager. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt and arbitrage portions of these funds can provide a moderate, but steady stream of income. The equity allocation, though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
Fund’s Investment Strategy:
The Scheme seeks to generate income through investments in fixed income securities and using arbitrage and other derivative Strategies. The Scheme also intends to generate long-term capital appreciation by investing a portion of the Scheme’s assets in equity and equity related instruments.
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 | 0 |
Basic Details
| Fund House | DSP Mutual Fund |
| Launch Date | 28-Mar-16 |
| Return Since Launch | 9.77% |
| Benchmark | NIFTY Equity Savings TRI |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 885 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.47% |
| (As on 29-Feb-2024) | |
| Risk Grade | Above Average |
| Return Grade | Average |
| Turnover | 503.00% |
Trailing Returns (%) of DSP Equity Savings Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP Equity Savings Dir | 1.48 | 0.15 | 0.81 | 2.14 | 5.96 | 15.90 | 9.81 | 10.04 | 9.19 | — |
| VR MIP TRI | 2.65 | -0.24 | 1.56 | 4.61 | 7.68 | 16.92 | 9.27 | 9.78 | 9.38 | — |
| Hybrid: Equity Savings | 1.89 | 0.28 | 0.37 | 2.79 | 6.51 | 17.63 | 9.81 | 10.05 | 9.27 | — |
| Rank within category | 17 | 15 | 3 | 18 | 13 | 16 | 11 | 11 | 9 | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 20 | 14 | 1 |
Peer Comparison of DSP Equity Savings 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 Savings Dir | 3 star | 15.90 | 9.81 | 10.04 | 0.47 | 885 | 9.77 | — | 7Y 11M | 503.00 |
| ICICI Pru Equity Savings Dir | 4 star | 12.71 | 8.98 | 8.94 | 0.50 | 9,429 | 8.67 | 0.25 (7) | 9Y 3M | 48.00 |
| Kotak Equity Savings Dir | 5 star | 19.70 | 12.18 | 11.51 | 0.75 | 4,615 | 10.22 | 1.00 (90) | 9Y 5M | 499.28 |
| SBI Equity Savings Dir | 4 star | 20.64 | 10.21 | 11.04 | 0.67 | 4,183 | 9.89 | 0.10 (15) | 8Y 9M | 475.00 |
| Mirae Asset Equity Savings Dir | 4 star | 19.20 | 10.84 | 12.50 | 0.31 | 899 | 12.46 | 1.00 (365) | 5Y 2M | 484.00 |
Portfolio Analysis of DSP Equity Savings Fund
| Number of Stocks | 83 |
| Number of Bonds | 8 |
| Average Maturity (yrs)* | 2.83 |
| Top 10 Holdings | 41.90% |
| Portfolio P/B Ratio | 2.84 |
| Portfolio P/E Ratio | 19.35 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,59,705 | 2,19,266 |
| Giant (%) | 50.66 | 60.78 |
| Large (%) | 25.49 | 21.72 |
| Mid (%) | 18.47 | 12.76 |
| Small (%) | 5.39 | 5.80 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 156 | 96 |
| Macaulay Duration (yrs) | 2.36 | 1.94 |
| Average Maturity (yrs) | 2.83 | 2.65 |
| Yield to Maturity (%) | 7.35 | 7.30 |
| Avg Credit Rating | AAA | — |
How to Invest in DSP Equity Savings Fund?
Chanakya’s Mutual Fund Guidance For DSP Equity Savings Fund
Apply Online: https://www.dspim.com/ifaxpress/ifalogin
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Quicklinks
https://sahifund.com/bandhan-equity-savings-fund/