March 19, 2024
mayank
DSP Ultra Short Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 3,355.8825
Weekly NAV IDCW: Rs 1,005.9343
Monthly NAV IDCW: Rs 1,076.7314
NA IDCW: Rs 1,130.3790
Suitable For Which Investors?
“Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.
They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.
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. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme aims to generate reasonable returns commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and high quality debt securities.
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 | 7.07% |
| Benchmark | CRISIL Ultra Short Duration Debt A-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 2,771 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.30% |
| (As on 29-Feb-2024) | |
| Risk Grade | Above Average |
| Return Grade | Average |
Trailing Returns (%) of DSP Ultra Short Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP Ultra Short Dir | 1.61 | 0.07 | 0.69 | 1.90 | 3.79 | 7.67 | 5.62 | 5.84 | 6.03 | 6.77 |
| CCIL T Bill Liquidity Weight | 0.96 | -0.02 | 0.33 | 1.13 | 2.26 | 4.64 | 3.22 | 3.28 | 3.52 | 4.02 |
| Debt: Ultra Short Duration | 1.62 | 0.06 | 0.67 | 1.87 | 3.59 | 7.44 | 5.68 | 5.91 | 5.98 | 6.78 |
| Rank within category | 17 | 3 | 8 | 10 | 1 | 3 | 11 | 11 | 8 | 8 |
| Number of funds in category | 24 | 24 | 24 | 24 | 24 | 24 | 23 | 18 | 11 | 11 |
Peer Comparison of DSP Ultra Short 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 Ultra Short Dir | 3 star | 7.67 | 5.62 | 5.84 | 0.30 | 2,771 | 7.07 | — | 11Y 2M |
| ICICI Pru Ultra Short Term Dir | 5 star | 7.66 | 5.95 | 6.59 | 0.39 | 13,883 | 8.05 | — | 11Y 2M |
| Nippon India Ultra Short Duration Dir | 5 star | 7.77 | 7.48 | 5.71 | 0.38 | 5,478 | 7.14 | — | 11Y 2M |
| Axis Ultra Short Term Dir | 4 star | 7.69 | 5.84 | 6.22 | 0.33 | 4,453 | 6.49 | — | 5Y 6M |
| UTI Ultra Short Duration Dir | 4 star | 7.55 | 6.57 | 5.68 | 0.44 | 2,197 | 7.42 | — | 11Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 54 | 50 |
| Macaulay Duration (yrs) | 0.46 | 0.44 |
| Average Maturity (yrs) | 0.46 | 0.46 |
| Yield to Maturity (%) | 7.78 | 7.71 |
| Avg Credit Rating | AAA | — |
How to Invest in DSP Ultra Short Fund?
Chanakya’s Mutual Fund Guidance For DSP Ultra Short Fund
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Quicklinks
https://sahifund.com/bank-of-india-ultra-short-duration-fund/