March 19, 2024
mayank
DSP Strategic Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth : Rs 3,217.8043
Weekly NAV IDCW: Rs 2,192.3731
Quarterly NAV IDCW: Rs 1,072.4282
Suitable For Which Investors?
“Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending on where it expects to earn maximum returns, the fund management team actively decides whether to invest in bonds maturing in a few months or in the ones maturing several years later.
However, 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 investment horizon of up to three years) in their longer-term portfolios.”
Fund’s Investment Strategy:
The scheme seeks to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market securities. It would invest across the range of debt instruments across the maturity range.
Fund Manager:
1) Sandeep Yadav
Education: Mr. Yadav is a Computer Engineer (Pune University), PGDBM (IIM Bangalore) and a CFA chartered holder.
Experience: Prior to joining DSP, he has worked with Cognizant Technologies, Hughes Services and Mahindra British Telecom.
2) Shantanu Godambe
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| 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 | 8.13% |
| Benchmark | CRISIL Dynamic Bond A-III Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 903 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.53% |
| (As on 29-Feb-2024) | |
| Risk Grade | Above Average |
| Return Grade | Average |
Trailing Returns (%) of DSP Strategic Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP Strategic Bond Dir | 3.14 | -0.17 | 0.52 | 3.21 | 4.54 | 10.83 | 6.46 | 7.75 | 7.26 | 8.29 |
| VR Bond | 2.29 | -0.02 | 0.49 | 2.44 | 4.05 | 7.94 | 5.41 | 5.84 | 5.92 | 6.78 |
| Debt: Dynamic Bond | 2.34 | -0.11 | 0.58 | 2.48 | 4.18 | 8.47 | 6.33 | 7.11 | 6.94 | 8.25 |
| Rank within category | 2 | 21 | 18 | 2 | 6 | 1 | 7 | 5 | 7 | 7 |
| Number of funds in category | 25 | 25 | 25 | 25 | 25 | 25 | 22 | 21 | 18 | 17 |
Peer Comparison of DSP Strategic 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 | |
| DSP Strategic Bond Dir | 3 star | 10.83 | 6.46 | 7.75 | 0.53 | 903 | 8.13 | — | 11Y 2M |
| ICICI Pru All Seasons Bond Dir | 5 star | 8.67 | 6.92 | 8.44 | 0.53 | 11,810 | 9.74 | 0.25 (30) | 11Y 2M |
| SBI Dynamic Bond Dir | 4 star | 9.15 | 6.33 | 8.11 | 0.61 | 3,023 | 8.24 | 0.25 (30) | 11Y 2M |
| ABSL Dynamic Bond Dir | 5 star | 8.23 | 7.27 | 6.32 | 0.64 | 1,717 | 7.59 | 0.50 (90) | 11Y 2M |
| HDFC Dynamic Debt Dir | 4 star | 8.73 | 7.39 | 7.13 | 0.69 | 659 | 7.74 | — | 11Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 10 | 22 |
| Macaulay Duration (yrs) | 10.32 | 6.78 |
| Average Maturity (yrs) | 22.39 | 11.99 |
| Yield to Maturity (%) | 7.37 | 7.30 |
| Avg Credit Rating | AAA | — |
How to Invest in DSP Strategic Bond Fund?
Chanakya’s Mutual Fund Guidance For DSP Strategic Bond Fund
Apply Online: https://www.dspim.com/ifaxpress/ifalogin
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Quicklinks
https://sahifund.com/axis-strategic-bond-fund/