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DSP Equity & Bond Fund An open ended hybrid scheme investing predominantly in equity and equity related instruments |
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- Aggressive Hybrid scheme investing predominantly in equity and equity related instruments.
- Portfolio is a combination of well diversified market cap and sector agnostic equity portfolio and high quality fixed income portfolio.
Atul Bhole (Equity portion)
Total work experience of 12 years.
Managing this Scheme since
June 2016.
Vikram Chopra (Debt portion)
Total work experience of 17 years.
Managing this Scheme since
July 2016.
May 27, 1999
CRISIL Hybrid 35+65-Aggressive Index
| Regular Plan | |
| Growth: | ₹ 162.412 |
| Direct Plan | |
| Growth: | ₹ 172.254 |
₹ 6,303 Cr
₹ 6,154 Cr
1.42
| Standard Deviation : | 11.94% |
| Beta : | 1.30 |
| R-Squared : | 87.21% |
| Sharpe Ratio : | 0.25 |
| Regular Plan : | 1.92% |
| Direct Plan : | 0.87% |
5.21 years
3.73 years
7.24%
Aggressive Hybrid
20 Yr 5 Mn
| AUM as on 31 October 2019 (₹ in Cr) | 6,303 |
Holding Period : < 12 months: 1%~
Holding Period :>= 12 months: Nil
~If the units redeemed or switched
out are upto 10% of the units (the
limit) purchased or switched: Nil.
| Name of Instrument | % to Net Assets | |
| EQUITY & EQUITY RELATED | ||
| Listed / awaiting listing on the stock exchanges | ||
| Banks | 16.77% | |
| ✔ ICICI Bank Limited | 5.97% | |
| ✔ HDFC Bank Limited | 5.72% | |
| ✔ Kotak Mahindra Bank Limited | 3.21% | |
| ✔ Axis Bank Limited | 1.87% | |
| Finance | 12.97% | |
| ✔ Bajaj Finance Limited | 6.79% | |
| ICICI Lombard General Insurance Company Limited | 1.74% | |
| HDFC Life Insurance Company Limited | 1.31% | |
| ICICI Prudential Life Insurance Company Limited | 1.31% | |
| Aavas Financiers Limited | 0.70% | |
| Equitas Holdings Limited | 0.57% | |
| Satin Creditcare Network Limited | 0.56% | |
| Consumer Non Durables | 8.66% | |
| ✔ Hindustan Unilever Limited | 3.25% | |
| ✔ Asian Paints Limited | 2.87% | |
| Kansai Nerolac Paints Limited | 1.41% | |
| Emami Limited | 1.13% | |
| Pharmaceuticals | 6.62% | |
| Alkem Laboratories Limited | 1.83% | |
| IPCA Laboratories Limited | 1.30% | |
| Sun Pharmaceutical Industries Limited | 1.08% | |
| Divi's Laboratories Limited | 1.05% | |
| Strides Pharma Science Limited | 0.72% | |
| Dr. Reddy's Laboratories Limited | 0.65% | |
| Consumer Durables | 5.66% | |
| Relaxo Footwears Limited | 1.36% | |
| Titan Company Limited | 1.25% | |
| V-Guard Industries Limited | 1.09% | |
| Havells India Limited | 1.02% | |
| Voltas Limited | 0.94% | |
| Cement | 4.49% | |
| Shree Cement Limited | 1.87% | |
| UltraTech Cement Limited | 1.85% | |
| The Ramco Cements Limited | 0.78% | |
| Software | 4.32% | |
| ✔ Tata Consultancy Services Limited | 2.31% | |
| Larsen & Toubro Infotech Limited | 1.28% | |
| Infosys Limited | 0.73% | |
| Construction | 3.38% | |
| Godrej Properties Limited | 1.78% | |
| Ahluwalia Contracts (India) Limited | 0.90% | |
| KNR Constructions Limited | 0.70% | |
| retailing | 2.88% | |
| Avenue Supermarts Limited | 1.81% | |
| V-Mart Retail Limited | 1.07% | |
| Auto Ancillaries | 2.73% | |
| Motherson Sumi Systems Limited | 1.33% | |
| Minda Industries Limited | 0.76% | |
| Balkrishna Industries Limited | 0.64% | |
| Petroleum Products | 2.34% | |
| Bharat Petroleum Corporation Limited | 1.51% | |
| Hindustan Petroleum Corporation Limited | 0.82% | |
| Industrial Capital Goods | 1.79% | |
| Siemens Limited | 1.79% | |
| Industrial Products | 1.09% | |
| SKF India Limited | 1.09% | |
| Auto | 0.92% | |
| Maruti Suzuki India Limited | 0.92% | |
| Textiles - Synthetic | 0.40% | |
| Ganesha Ecosphere Limited | 0.40% | |
| Total | 75.04% | |
| Unlisted | ||
| Software | * | |
| SIP Technologies & Export Limited** | * | |
| Total | * | |
| Name of Instrument | Rating | % to Net Assets |
| DEBT INSTRUMENTS | ||
| BOND & NCD's | ||
| Listed / awaiting listing on the stock exchanges | ||
| ✔ National Bank for Agriculture and Rural Development | CRISIL AAA | 2.95% |
| ✔ HDFC Bank Limited | IND AA+ | 2.51% |
| NTPC Limited | CRISIL AAA | 1.61% |
| REC Limited | CRISIL AAA | 1.20% |
| Bank of Baroda | IND AA+ | 1.13% |
| Bharat Petroleum Corporation Limited | CRISIL AAA | 0.87% |
| Power Finance Corporation Limited | CRISIL AAA | 0.80% |
| State Bank of India | CRISIL AAA | 0.78% |
| State Bank of India | CRISIL AA+ | 0.72% |
| Hindustan Petroleum Corporation Limited | CRISIL AAA | 0.49% |
| Reliance Industries Limited | CRISIL AAA | 0.43% |
| National Highways Authority of India | CRISIL AAA | 0.42% |
| REC Limited | IND AAA | 0.42% |
| Housing Development Finance Corporation Limited | CRISIL AAA | 0.42% |
| Indian Railway Finance Corporation Limited | CARE AAA | 0.33% |
| Axis Bank Limited | CRISIL AA+ | 0.26% |
| Power Grid Corporation of India Limited | CRISIL AAA | 0.24% |
| Dewan Housing Finance Corporation Limited @ | CARE D | 0.16% |
| LIC Housing Finance Limited | CARE AAA | 0.12% |
| LIC Housing Finance Limited | CRISIL AAA | 0.09% |
| East-North Interconnection Company Limited | CRISIL AAA | 0.08% |
| National Housing Bank | CARE AAA | 0.05% |
| Indian Railway Finance Corporation Limited | CRISIL AAA | 0.02% |
| Total | 16.10% | |
| Unlisted | ||
| KKR India Financial Services Private Limited | CRISIL AA | 0.87% |
| SBI Cards & Payment Services Private Limited | CRISIL AAA | 0.23% |
| Total | 1.10% | |
| CENTRAL GOVERNMENT SECURITIES | ||
| 7.27% GOI 08042026 | SOV | 1.83% |
| 7.59% GOI 11012026 | SOV | 1.78% |
| 7.57% GOI 17062033 | SOV | 1.28% |
| 7.88% GOI 19032030 | SOV | 0.85% |
| 7.26% GOI 14012029 | SOV | 0.59% |
| 6.79% GOI 26122029 | SOV | 0.40% |
| 7.73% GOI 19122034 | SOV | 0.35% |
| 7.37% GOI 16042023 | SOV | 0.33% |
| 7.61% GOI 09052030 | SOV | 0.26% |
| 7.32% GOI 28012024 | SOV | 0.08% |
| Total | 7.75% | |
| MONEY MARKET INSTRUMENTS | ||
| TREPS / Reverse Repo Investments / Corporate Debt Repo | 0.74% | |
| Total | 0.74% | |
| Cash & Cash Equivalent | ||
| Cash Margin | * | |
| Net Receivables/Payables | -0.73% | |
| Total | -0.73% | |
| GRAND TOTAL | 100.00% |
✔ Top Ten Holdings
*Less than 0.01%
** Non Traded / Thinly Traded and illiquid securities in accordance with SEBI Regulations
DSP Equity & Bond Fund erstwhile known as DSP Balanced Fund
@@Computed on the invested amount for debt portfolio
Notes : 1.@security is below investment grade or default vide SEBI circular SEBI/HO/IMD/DF4/CIR/P/2019/102
dated September 24, 2019.
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% | 5,965.03 |
| Growth of Rs. 1 L invested at inception: | 16.37 L |
| SIP Returns(In %) | ||||
| 3 yr | 5 yr | 10 yr | SI* | |
| *SI - Since inception | 9.05 | 9.88 | 11.90 | 15.18 |
| Outperformed Benchmark TRI (calendar year) | CRISIL Hybrid 35+65 -
Aggressive Index 82% |
| 10 yr | 5 yr | 3 yr | 1 yr | |
| Minimum | 9.7 | 4.2 | -11.9 | -39.9 |
| Maximum | 23.5 | 42.5 | 51.0 | 89.3 |
| Average | 16.4 | 17.4 | 16.8 | 16.4 |
| % times negative returns | -- | -- | 7.2 | 23.3 |
| % of times returns are in excess of 7% | 100.0 | 96.8 | 81.3 | 61.1 |
Mid Cap: 101st -250th company in terms of full market capitalization
Small Cap: 251st company onwards in terms of full market capitalization.
| Positions Exited |
| Stock |
| Banks |
| IndusInd Bank Limited |
| Positions Increased |
| Stock |
| Consumer Non Durables |
| Emami Limited |
| Kansai Nerolac Paints Limited |
| Asian Paints Limited |
| Petroleum Products |
| Bharat Petroleum Corporation Limited |
| Hindustan Petroleum Corporation Limited |
| Finance |
| ICICI Prudential Life Insurance Company Limited |
| Equitas Holdings Limited |
| Satin Creditcare Network Limited |
| Bajaj Finance Limited |
| Construction |
| Godrej Properties Limited |
| Consumer Durables |
| Havells India Limited |
| V-Guard Industries Limited |
| Relaxo Footwears Limited |
| Pharmaceuticals |
| Alkem Laboratories Limited |
| Retailing |
| Avenue Supermarts Limited |
| Banks |
| HDFC Bank Limited |
| Positions Decreased |
| Stock |
| Software |
| Infosys Limited |
| Auto |
| Maruti Suzuki India Limited |
| Banks |
| ICICI Bank Limited |
| Kotak Mahindra Bank Limited |
| Axis Bank Limited |
Rebalances below 0.05 % are not considered.
The primary investment objective
of the Scheme, seeking to generate
long term capital appreciation and
current income from a portfolio
constituted of equity and equity
related securities as well as fixed
income securities (debt and money
market securities).
There is no assurance that the
investment objective of the
Scheme will be realized.
This Open Ended aggressive hybrid scheme is suitable for investors who are seeking*
• Capital growth and income over a long-term investment horizon
• Investment primarily in equity/equity-related securities, with balance exposure in money market
and debt Securities
* Investors should consult their financial advisors if in doubt whether the product is suitable for them.