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)
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)

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

Fund Manager

Saurabh Bhatia
Total work experience of 16 years.
Managing this Scheme since February 2018.

Fund Category

Medium Duration

Inception date

Apr 29, 1997

Benchmark

CRISIL Medium Term Debt Index

NAV AS ON APRIL 30, 2020
Regular Plan  
Growth: ₹ 59.1494
Direct Plan  
Growth: ₹ 61.6611
Total aum

₹ 263 Cr

Monthly average aum

₹ 267 Cr

Month End Expense Ratio
Regular Plan : 0.72%
Direct Plan : 0.40%
Average Maturity

4.56 years

Investment Horizon (Minimum)

> 3years +

AUM as on 30 April 2020 (₹ in Cr)

263

Quantitative Measures
Modified Duration 3.30 years
Yield To Maturity 7.17%
Exit Load

NIL

Name of InstrumentRating% to Net Assets
DEBT INSTRUMENTS
BOND & NCD's
Listed / awaiting listing on the stock exchanges
✔ NTPC Limited CRISIL AAA 9.78%
✔ Housing Development Finance Corporation Limited CRISIL AAA 9.71%
✔ National Bank for Agriculture and Rural Development ICRA AAA 9.67%
✔ State Bank of India CRISIL AA+ 8.45%
✔ National Highways Authority of India CRISIL AAA 8.16%
✔ Bank of Baroda CRISIL AA+ 5.58%
Indian Railway Finance Corporation Limited CARE AAA 4.27%
Indian Railway Finance Corporation Limited CRISIL AAA 1.94%
Export-Import Bank of India CRISIL AA+ 0.76%
Total 58.32%
Unlisted
KKR India Financial Services Private Limited CRISIL AA 4.90%
Total 4.90%
MONEY MARKET INSTRUMENTS
Certificate of Deposit
✔ Axis Bank Limited CRISIL A1+ 9.12%
✔ ICICI Bank Limited ICRA A1+ 7.34%
✔ Small Industries Development Bank of India CARE A1+ 5.47%
Total 21.93%
Commercial Paper
Listed / awaiting listing on the stock exchanges
✔ Reliance Industries Limited CARE A1+ 9.06%
Total 9.06%
TREPS / Reverse Repo Investments / Corporate Debt Repo 3.35%
Total 3.35%
Cash & Cash Equivalent
Net Receivables/Payables 2.44%
Total 2.44%
GRAND TOTAL 100.00%

✔ Top Ten Holdings
Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND.
2. In case of below securities, DSP Mutual Fund has ignored prices provided by valuation agencies. Disclosure vide circular no. SEBI/HO/IMD/DF4/CIR/P/2019/41 dated March 22, 2019 & SEBI/HO/IMD/ DF4/CIR/P/2019/102 dated September 24,2019 for detailed rationale along with other details are available at the below mentioned links.

Name of the securities No of Instances Links
0% KKR INDIA FI SER SR 2 ZCB 10MAR21 ZCB3https://dspim.com/docs/default-source/otherupdates/ website-note_nayara-and-oriental-nagpur- --27apr20.pdf?sfvrsn=4

3. 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 23032019INE975G08140 0.00 0.00% 1,325.56
9.10% Dewan Housing Finance Corporation Limited NCD Series N7 Sr. 4A 16082019INE202B07HQ0 643.68 2.45% 2,618.40

Performance (CAGR Returns in %)
1 yr 3 yr5 yrSI
SI - Since inception2.80 4.686.01 8.03
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 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.

Product Labelling

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.