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DSP Bond Fund An open ended medium term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 3 years and 4 years (please refer page no. 32 under the section “Where will the Scheme invest” for details on Macaulay’s Duration) |
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Medium duration high credit quality (100% in AA and better rated securities)
Suitable for investor seeking medium duration (~3 yrs), high credit quality (100% in AA or better) portfolio; alternative to traditional >=3 yr term deposits
Saurabh Bhatia
Total work experience of 16 years.
Managing this Scheme since February 2018.
Medium Duration
Apr 29, 1997
50% of CRISIL Short Term Bond Fund Index + 50% of CRISIL Composite Bond Fund Index
| Regular Plan | |
| Growth: | ₹ 57.4035 |
| Direct Plan | |
| Growth: | ₹ 59.7206 |
₹ 244 Cr
₹ 243 Cr
| Regular Plan : | 0.79% |
| Direct Plan : | 0.33% |
4.70 years
> 3years +
244
| Modified Duration | 3.62 years |
| Yield To Maturity | 7.18% |
Holding Period:
<=6 months: 0.25%
>6 months: Nil
| Name of Instrument | Rating | % to Net Assets |
| DEBT INSTRUMENTS | ||
| BOND & NCD's | ||
| Listed / awaiting listing on the stock exchanges | ||
| ✔ Indian Railway Finance Corporation Limited | CARE AAA | 8.71% |
| ✔ NTPC Limited | CRISIL AAA | 8.30% |
| ✔ HDFC Bank Limited | IND AA+ | 7.37% |
| ✔ State Bank of India | CRISIL AA+ | 7.08% |
| ✔ REC Limited | CRISIL AAA | 6.99% |
| ✔ East-North Interconnection Company Limited | CRISIL AAA | 6.15% |
| LIC Housing Finance Limited | CRISIL AAA | 1.05% |
| National Highways Authority of India | CRISIL AAA | 0.71% |
| Blue Dart Express Limited | ICRA AA | 0.13% |
| Total | 46.49% | |
| Unlisted | ||
| ✔ KKR India Financial Services Private Limited | CRISIL AA | 5.08% |
| Total | 5.08% | |
| CENTRAL GOVERNMENT SECURITIES | ||
| ✔ 7.32% GOI 28012024 | SOV | 17.38% |
| ✔ 7.27% GOI 08042026 | SOV | 12.88% |
| ✔ 7.35% GOI 22062024 | SOV | 10.96% |
| Total | 41.22% | |
| MONEY MARKET INSTRUMENTS | ||
| TREPS / Reverse Repo Investments / Corporate Debt Repo | 4.57% | |
| Total | 4.57% | |
| Cash & Cash Equivalent | ||
| Net Receivables/Payables | 2.64% | |
| Total | 2.64% | |
| GRAND TOTAL | 100.00% |
✔ Top Ten Holdings
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) | total amount (including principal and interest) that is due to the scheme on that investment | |
| 0% Il&Fs Transportation Networks Limited NCD Series A 23032019 | INE975G08140 | 0.00 | 0.00% | 1,325.56 |
| 9.10% Dewan Housing Finance Corporation Limited NCD Series N7 Sr. 4A 16082019 | INE975G08140 | 643.68 | 2.64% | 2,618.40 |
| Performance (CAGR Returns in %) | ||||
| 1 yr | 3 yr | 5 yr | SI | |
| SI - Since inception | 3.41 | 4.31 | 6.69 | 8.07 |
The primary investment
objective of the Scheme is to
seek to generate an attractive
return, consistent with prudent
risk, from a portfolio which
is substantially constituted of
high quality debt securities,
predominantly of issuers
domiciled in India. This shall
be the fundamental attribute
of the Scheme. As a secondary
objective, the Scheme will
seek capital appreciation. The
Scheme will also invest a certain
portion of its corpus in money
market securities, in order to
meet liquidity requirements
from time to time.
There is no
assurance that the investment
objective of the Scheme will be
realized.
This Scheme is suitable for investors who are seeking*
• Income over a medium-term investment horizon
• Investment in money market and debt securities
* Investors should consult their financial advisors if in doubt whether the product is suitable for them.