March 15, 2024
mayank
DSP Floater Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 11.9156
NAV IDCW: Rs 11.9156
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) 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..
2) Shantanu Godambe
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
| Fund House | DSP Mutual Fund |
| Launch Date | 19-Mar-21 |
| Return Since Launch | 6.04% |
| Benchmark | CRISIL Short Duration Debt A-II Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 880 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.21% |
| (As on 29-Feb-2024) | |
| 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 | 2.05 | 0.01 | 0.85 | 2.44 | 3.94 | 8.99 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 0.91 | 0.01 | 0.38 | 1.23 | 2.31 | 4.80 | — | — | — | — |
| Debt: Floater | 1.74 | 0.02 | 0.79 | 2.11 | 3.62 | 8.19 | — | — | — | — |
| Rank within category | 2 | 6 | 5 | 2 | 2 | 1 | — | — | — | — |
| Number of funds in category | 13 | 13 | 13 | 13 | 13 | 12 | 9 | 6 | 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 | 8.99 | — | — | 0.21 | 880 | 6.04 | — | 2Y 11M |
| HDFC Floating Rate Debt Dir | 4 star | 8.25 | 6.20 | 6.99 | 0.26 | 14,765 | 7.83 | — | 11Y 2M |
| ABSL Floating Rate Dir | 5 star | 7.95 | 6.12 | 6.78 | 0.23 | 11,705 | 7.96 | — | 11Y 2M |
| UTI Floater Dir | 4 star | 7.69 | 5.63 | 6.66 | 0.35 | 1,485 | 6.74 | — | 5Y 4M |
| ICICI Pru Floating Interest Dir | 3 star | 8.77 | 6.55 | 7.47 | 0.61 | 10,236 | 8.26 | — | 11Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 18 | 45 |
| Macaulay Duration (yrs) | 3.17 | 1.56 |
| Average Maturity (yrs) | 5.31 | 3.98 |
| Yield to Maturity (%) | 7.69 | 7.89 |
| Avg Credit Rating | AAA | — |
How to Invest in DSP Floater Fund?
Chanakya’s Mutual Fund Guidance For DSP Floater Fund
Apply Online: https://www.dspim.com/ifaxpress/ifalogin
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
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https://www.youtube.com/c/ChanakyaNiPothi
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https://t.me/chanakyaMFGuidance
Quicklinks
https://sahifund.com/axis-floater-fund/