DSP Short Term Fund
An open ended short term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 1 year and 3 years (please refer page no. 21 under the section “Where will the Scheme invest?” in the SID for details on Macaulay’s Duration)
DSP Short Term Fund
An open ended short term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 1 year and 3 years (please refer page no. 21 under the section “Where will the Scheme invest?” in the SID for details on Macaulay’s Duration)

Short duration with very high credit quality (min 80% AAA)
Suitable for investment horizon of at least 1 year, alternative to traditional term deposits

Fund Manager

Laukik Bagwe
Total work experience of 17 years.
Managing this Scheme since July 2016.

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

Fund Category

Short Duration

Inception date

Sep 9, 2002

Benchmark

CRISIL Short Term Bond Fund Index

NAV AS ON AUGUST 31, 2020
Regular Plan  
Growth: ₹ 35.7799
Direct Plan  
Growth: ₹ 37.7285
Total aum

₹ 3,976 Cr

Monthly average aum

₹ 4,009 Cr

Month End Expense Ratio
Regular Plan : 0.91%
Direct Plan : 0.30%
Average Maturity

2.56 years

Investment Horizon (Minimum)

1-3 years

AUM as on 31 August 2020 (₹ in Cr)

3,976

Quantitative Measures
Modified Duration 2.21 years
Yield To Maturity 4.88%
Portfolio Macaulay Duration 2.30 years
Exit Load

Nil

Name of InstrumentRating% to Net Assets
DEBT INSTRUMENTS
BOND & NCD's
Listed / awaiting listing on the stock exchanges
✔ Housing Development Finance Corporation Limited CRISIL AAA 6.09
✔ National Highways Authority of India CRISIL AAA 5.91
✔ Indian Railway Finance Corporation Limited CRISIL AAA 5.87
✔ Indian Oil Corporation Limited CRISIL AAA 5.32
✔ National Housing Bank CRISIL AAA 5.30
✔ Small Industries Development Bank of India CARE AAA 5.20
✔ National Bank for Agriculture and Rural Development ICRA AAA 4.58
✔ Power Finance Corporation Limited CRISIL AAA 4.37
National Bank for Agriculture and Rural Development CRISIL AAA 3.10
REC Limited CRISIL AAA 3.03
Hindustan Petroleum Corporation Limited CRISIL AAA 2.73
Export-Import Bank of India CRISIL AAA 2.55
Small Industries Development Bank of India ICRA AAA 2.53
Power Grid Corporation of India Limited CRISIL AAA 2.38
State Bank of India AT-1 Basel-III CRISIL AA+ 2.30
Reliance Industries Limited CRISIL AAA 2.27
Export-Import Bank of India ICRA AAA 1.93
REC Limited CARE AAA 1.84
Power Finance Corporation Limited CARE AAA 1.70
HDFC Bank Limited AT-1 Basel-III IND AA+ 1.55
NHPC Limited IND AAA 0.80
NHPC Limited ICRA AAA 0.56
Mahindra & Mahindra Financial Services Limited IND AAA 0.40
Sikka Ports & Terminals Limited CRISIL AAA 0.33
Kotak Mahindra Prime Limited CRISIL AAA 0.31
NTPC Limited CRISIL AAA 0.29
Housing & Urban Development Corporation Limited ICRA AAA 0.09
Power Grid Corporation of India Limited CARE AAA 0.03
Total 73.36
Government Securities (Central/state)
✔ 7.35% GOI 22-06-2024 SOV 8.86
✔ 7.17% GOI 08-01-2028 SOV 7.37
5.22% GOI 15-06-2025 SOV 2.52
7.42% Maharashtra SDL 11-05-2022 SOV 1.34
Total 20.09
MONEY MARKET INSTRUMENTS
Certificate of Deposit
ICICI Bank Limited ICRA A1+ 0.16
Total 0.16
Commercial Papers
Listed / awaiting listing on the stock exchanges
Export-Import Bank of India ICRA A1+ 0.53
National Bank for Agriculture and Rural Development IND A1+ 0.39
Housing Development Finance Corporation Limited CRISIL A1+ 0.15
Total 1.07
TREPS / Reverse Repo Investments / Corporate Debt Repo 5.90
Total 5.90
Cash & Cash Equivalent
Cash Margin 0.07
Net Receivables/Payables -0.65
Total -0.58
GRAND TOTAL 100.00

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


Performance (CAGR Returns in %)
1 yr 3 yr5 yrSI
SI - Since inception9.107.397.75 7.34

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 returns commensurate with risk from a portfolio constituted of money market securities and/or debt securities.
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.