DSP Regular Savings Fund
An open ended hybrid scheme investing predominantly in debt instruments
DSP Regular Savings Fund
An open ended hybrid scheme investing predominantly in debt instruments

  • Conservative Hybrid scheme investing predominantly in fixed income instruments.
  • Potential to earn returns greater than fixed income and suitable for investors with an investment horizon of 3 years and above.

Fund Manager

Vikram Chopra (Debt portion)
Total work experience of 18 years.
Managing this Scheme since July 2016.

Vinit Sambre (Equity portion)
Total work experience of 21 years
Managing the Scheme since June 2020

Jay Kothari (Dedicated Fund
Manager for overseas investments) Total work experience of 16 years.
Managing this Scheme since March 2018.

Fund Category

Conservative Hybrid

Inception date

Jun 11, 2004


CRISIL Hybrid 85+15-Conservative Index

Regular Plan  
Growth: ₹ 38.2213
Direct Plan  
Growth: ₹ 41.2224
Total aum

₹ 191 Cr

Monthly average aum

₹ 193 Cr

3 Year Risk Statistics:
Standard Deviation : 7.25%
Beta : 1.44
R-Squared : 66.99%
Sharpe Ratio : -0.20
Month End Expense Ratio
Regular Plan : 2.18%
Direct Plan : 0.58%
Average Maturity@@

3.03 years

Investment Horizon (Minimum)

> 3 years +

Quantitative Measures
Modified Duration@@ 2.54 years
Yield To Maturity@@ 5.76%
Portfolio Macaulay Duration@@ 2.67 years
Exit Load

Holding Period: < 12 months: 1%~
Holding Period: >= 12 months: Nil
~If the units redeemed or switched out are upto 10% of the units (thelimit) purchased or switched: Nil.

Data As On September 30, 2020

Name of Instrument % to Net Assets
Listed / awaiting listing on the stock exchanges
Finance 4.92
Max Financial Services Limited 1.84
Bajaj Finance Limited 1.63
ICICI Lombard General Insurance Company Limited 0.99
HDFC Life Insurance Company Limited 0.46
Pharmaceuticals 4.28
Cipla Limited 1.83
IPCA Laboratories Limited 1.71
JB Chemicals & Pharmaceuticals Limited 0.74
Consumer Non Durables 2.99
Dabur India Limited 0.84
Nestle India Limited 0.76
Britannia Industries Limited 0.75
Hatsun Agro Product Limited 0.63
Banks 2.97
HDFC Bank Limited 2.42
Kotak Mahindra Bank Limited 0.55
Software 2.87
Infosys Limited 1.70
Tata Consultancy Services Limited 1.16
Consumer Durables 2.73
Voltas Limited 1.45
V-Guard Industries Limited 0.76
Crompton Greaves Consumer Electricals Limited 0.52
Auto Ancillaries 1.35
Balkrishna Industries Limited 0.95
Minda Industries Limited 0.40
Cement 0.55
Shree Cement Limited 0.55
Industrial Capital Goods 0.49
Bharat Electronics Limited 0.49
Gas 0.43
Gujarat State Petronet Limited 0.43
Industrial Products 0.36
Wim Plast Ltd. 0.20
Cummins India Limited 0.16
Services 0.24
Quess Corp Limited 0.24
Total 24.16
Name of Instrument Rating "to Net Assets"
Listed / awaiting listing on the stock exchanges
✔ Power Grid Corporation of India Limited CRISIL AAA 8.52
✔ Export-Import Bank of India CRISIL AAA 8.33
✔ National Bank for Agriculture and Rural Development CRISIL AAA 8.21
✔ Hindustan Petroleum Corporation Limited CRISIL AAA 6.66
✔ National Highways Authority of India CRISIL AAA 5.68
✔ REC Limited CRISIL AAA 5.55
✔ Indian Oil Corporation Limited CRISIL AAA 5.54
✔ NTPC Limited CRISIL AAA 4.26
GAIL (India) Limited CARE AAA 2.88
Total 55.63
✔ KKR India Financial Services Private Limited CRISIL AA 7.16
Total 7.16
Government Securities (Central/State)
✔ 7.32% GOI 28-01-2024 SOV 8.52
7.59% GOI 11-01-2026 SOV 2.89
Total 11.41
TREPS / Reverse Repo Investments / Corporate Debt Repo 1.67
Total 1.67
Cash & Cash Equivalent
Net Receivables/Payables -0.03
Total -0.03

as on 30th Sept'20

✔ Top Ten Holdings
DSP Regular Savings Fund erstwhile known as DSP MIP Fund (Monthly income is not assured and is subject to availability of distributable surplus)
@@Computed on the invested amount for debt portfolio
Notes:1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND.
2. Pursuant to SEBI circular SEBI/HO/IMD/DF4/CIR/P/2019/102 dated September 24, 2019 read with circular no. SEBI/HO/IMD/DF4/CIR/P/2019/41 dated March 22, 2019. Below are the details of the securities in case of which issuer has defaulted beyond its maturity date.

Security ISIN value of the security considered under net receivables (i.e. value recognized in NAV in absolute terms and as % to NAV)
(Rs.in lakhs)
total amount (including principal and interest) that is due to the scheme on that investment
(Rs.in lakhs)
0% IL&FS Transportation Networks Limited Ncd Series A 23032019 INE975G08140 0.00 0.00% 1,855.79

Performance (CAGR Returns in %)
1 yr 3 yr 5 yr SI*
5.502.345.29 8.57
*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

An Open Ended Income Scheme, seeking to generate income, consistent with prudent risk, from a portfolio which is substantially constituted of quality debt securities. The scheme will also seek to generate capital appreciation by investing a smaller portion of its corpus in equity and equity related securities of issuers domiciled in India.
There is no assurance that the investment objective of the Scheme will be realized.

Product Labelling

This Open Ended conservative hybrid scheme is suitable for investors who are seeking*
• Income and capital growth over a medium-term investment horizon
• Investment predominantly in debt securities, with balance exposure in equity/equity-related securities

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