May 5, 2025
mayank
DSP Floater Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 13.2786
NAV IDCW: Rs 13.2786
Suitable For Which Investors?
“This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.
They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that 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.
If you do decide to invest in them, remember that 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 through investment predominantly in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives).
Fund Manager:
1) Karan Mundhra
Education: Mr. Mundra is a B. COM. and Charted Accountant (CA)
Experience: He is working with DSP Mutual Fund since april 2012, he has Over 9 years of experience.
2) Shantanu Godambe
Education: Mr. Godambehas done B.Com, MS (Finance) and CFA
Experience: Prior to joining DSP Mutual Fund, he has worked with Yes Bank, Prebon Yamane and ICAP India Private 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) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of DSP Floater Fund
| Fund House | DSP Mutual Fund |
| Launch Date | 19-Mar-21 |
| Return Since Launch | 7.12% |
| Benchmark | CRISIL Short Duration Debt A-II Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 537 Cr |
| (As on 31-Mar-2025) | |
| Expense | 0.23% |
| (As on 31-Mar-2025) | |
| Risk Grade | Above Average |
| Return Grade | Above Average |
Trailing Returns (%) of DSP Floater Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP Floater Dir | 3.98 | 0.06 | 1.22 | 3.24 | 5.20 | 10.51 | 8.15 | — | — | — |
| CCIL T Bill Liquidity Weight* | 1.90 | 0.02 | 0.57 | 1.42 | 2.55 | 5.14 | 4.32 | — | — | — |
| Debt: Floater* | 3.70 | 0.05 | 1.07 | 3.06 | 4.86 | 9.63 | 7.80 | — | — | — |
| Rank within category* | 3 | 2 | 3 | 3 | 4 | 2 | 4 | — | — | — |
| Number of funds in category* | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 7 | 5 | 5 |
Peer Comparison of DSP Floater 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 Floater Dir | 2 star | 10.51 | 8.15 | — | 0.23 | 537 | 7.12 | — | 4Y 1M |
| HDFC Floating Rate Debt Dir | 4 star | 9.15 | 7.80 | 7.30 | 0.26 | 14,724 | 7.94 | — | 12Y 4M |
| ABSL Floating Rate Dir | 5 star | 8.59 | 7.51 | 6.87 | 0.22 | 13,275 | 8.02 | — | 12Y 4M |
| UTI Floater Dir | 4 star | 8.16 | 7.10 | 6.39 | 0.45 | 1,385 | 6.96 | — | 6Y 6M |
| Nippon India Floating Rate Dir | 3 star | 9.59 | 7.58 | 7.28 | 0.35 | 7,646 | 8.04 | — | 12Y 4M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 14 | 54 |
| Macaulay Duration (yrs) | 3.01 | 1.79 |
| Average Maturity (yrs) | 5.49 | 3.95 |
| Yield to Maturity (%) | 7.78 | 7.64 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For DSP Floater Fund
WILL Post Soon
Apply Online: https://www.dspim.com/invest/mutual-fund-schemes
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
Quicklinks