March 18, 2024
mayank
DSP Savings Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth : Rs 49.2786
Monthly NAV IDCW: Rs 10.9279
Half Yearly NA IDCW: Rs 12.5273
Suitable For Which Investors?
“Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate income through investment in a portfolio comprising of Treasury Bills and other Central Government Securities with a residual maturity less than or equal to 1 year.
Fund Manager:
1) Karan Mundra
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) 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 | 01-Jan-13 |
| Return Since Launch | 6.96% |
| Benchmark | CRISIL Money Market A-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 4,331 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.15% |
| (As on 29-Feb-2024) | |
| Risk Grade | — |
| Return Grade | Average |
Trailing Returns (%) of DSP Savings Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP Savings Dir | 1.55 | 0.01 | 0.62 | 1.89 | 3.62 | 7.62 | 5.50 | 5.86 | 6.19 | 6.61 |
| CCIL T Bill Liquidity Weight | 0.98 | 0.03 | 0.40 | 1.15 | 2.27 | 4.77 | 3.23 | 3.28 | 3.53 | 4.02 |
| Debt: Money Market | 1.59 | 0.02 | 0.65 | 1.90 | 3.63 | 7.58 | 5.62 | 6.00 | 6.37 | 7.02 |
| Rank within category | 18 | 18 | 19 | 15 | 14 | 12 | 13 | 11 | — | — |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 22 | 18 | 14 | 12 | 12 |
Peer Comparison of DSP 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 | |
| DSP Savings Dir | 3 star | 7.62 | 5.50 | 5.86 | 0.15 | 4,331 | 6.96 | — | 11Y 2M |
| ABSL Money Manager Dir | 5 star | 7.81 | 5.82 | 6.25 | 0.21 | 19,231 | 7.39 | — | 11Y 2M |
| HDFC Money Market Dir | 4 star | 7.73 | 5.77 | 6.22 | 0.23 | 17,645 | 7.29 | — | 11Y 2M |
| Tata Money Market Dir | 5 star | 7.9 | 5.93 | 6.25 | 0.16 | 16,515 | 6.61 | — | 11Y 2M |
| ICICI Pru Money Market Dir | 4 star | 7.74 | 5.7 | 6.06 | 0.21 | 15,531 | 7.24 | — | 11Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 31 | 51 |
| Macaulay Duration (yrs) | 0.10 | 0.33 |
| Average Maturity (yrs) | 0.10 | 0.33 |
| Yield to Maturity (%) | 7.43 | 7.59 |
| Avg Credit Rating | AAA | — |
How to Invest in DSP Savings Fund?
Chanakya’s Mutual Fund Guidance For DSP Savings Fund
Apply Online: https://www.dspim.com/ifaxpress/ifalogin
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks
https://sahifund.com/aditya-birla-sun-life-regular-savings-fund/