DSP Banking & PSU Debt Fund
An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
DSP Banking & PSU Debt Fund
An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.

Short duration fund with 100% AAA portfolio of predominantly Banks and govt. owned companies
Suitable for investor seeking a short duration (~2 years), 100% AAA portfolio invested in predominantly bank and govt. owned companies

Fund Manager

Vikram Chopra
Total work experience of 18 years.
Managing this Scheme since July 2016.

Saurabh Bhatia
Total work experience of 19 years.
Managing this Scheme since February 2018.

Fund Category

Banking and PSU

Inception date

Sep 14, 2013

Benchmark

Nifty Banking & PSU Debt Index

NAV
Regular Plan  
Growth: ₹ 18.2728
Direct Plan  
Growth: ₹ 18.6885
Total aum

₹ 4,349 Cr

Monthly average aum

₹ 3,617 Cr

Month End Expense Ratio
Regular Plan : 0.54%
Direct Plan : 0.32%
Average Maturity

3.56 years

Investment Horizon (Minimum)

1 year +

Quantitative Measures
Modified Duration 2.97 years
Yield To Maturity 5.26%
Portfolio Macaulay Duration 3.09 years
Exit Load

Nil

Data As On September 30, 2020

Name of InstrumentRating % to Net Assets
DEBT INSTRUMENTS
BOND & NCD's
Listed / awaiting listing on the stock exchanges
✔ NTPC Limited CARE AAA 7.48
✔ Hindustan Petroleum Corporation Limited CRISIL AAA 7.18
✔ Power Finance Corporation Limited CARE AAA 6.58
✔ National Housing Bank CRISIL AAA 5.75
✔ Indian Oil Corporation Limited CRISIL AAA 5.71
✔ National Bank for Agriculture and Rural Development CRISIL AAA 4.18
✔ National Bank for Agriculture and Rural Development ICRA AAA 3.85
REC Limited CARE AAA 3.80
Power Grid Corporation of India Limited CRISIL AAA 3.72
Indian Railway Finance Corporation Limited CRISIL AAA 2.95
REC Limited CRISIL AAA 2.54
Indian Railway Finance Corporation Limited CARE AAA 2.43
National Highways Authority of India CRISIL AAA 1.92
Export-Import Bank of India CRISIL AAA 1.85
Small Industries Development Bank of India ICRA AAA 1.84
State Bank of India ICRA AAA 1.73
Small Industries Development Bank of India CARE AAA 1.46
Housing Development Finance Corporation Limited CRISIL AAA 1.12
NHPC Limited CARE AAA 0.89
Power Finance Corporation Limited CRISIL AAA 0.58
Power Grid Corporation of India Limited CARE AAA 0.29
NTPC Limited CRISIL AAA 0.26
NHPC Limited IND AAA 0.13
GAIL (India) Limited CARE AAA 0.13
Total 68.37
Government Securities (Central/State)
✔ 7.27% GOI 08-04-2026 SOV 15.48
✔ 7.59% GOI 11-01-2026 SOV 9.00
✔ 6.79% GOI 15-05-2027 SOV 4.68
7.17% GOI 08-01-2028 SOV 1.24
8.48% Karnataka SDL 17-10-2022 SOV 0.02
Total 30.42
MONEY MARKET INSTRUMENTS
Certificate of Deposit
Axis Bank Limited CRISIL A1+ 0.57
Total 0.57
TREPS / Reverse Repo Investments / Corporate Debt Repo 7.86
Total 7.86
Cash & Cash Equivalent
Cash Margin 0.12
Net Receivables/Payables -7.34
Total -7.22
GRAND TOTAL 100.00

as on 30th Sept'20

✔ Top Ten Holdings
Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND.


Performance (CAGR Returns in %)
1 yr 3 yr5 yrSI*
10.668.288.428.93
*SI - Since inception
Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns are for Regular Plan - Growth Option Click here for performance in SEBI prescribed format.

Investment Objective

The primary investment objective of the Scheme is to seek to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks and public sector entities/ undertakings.
There is no assurance that the investment objective of the Scheme will be realized.

Product Labelling

This Scheme is suitable for investors who are seeking*
• Income over a short-term investment horizon
• Investment in money market and debt securities issued by banks and public sector undertakings, public financial institutions and Municipal Bonds

* Investors should consult their financial advisors if in doubt whether the product is suitable for them.