DSP Ultra Short Fund
An open ended ultra-short term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 3 months and 6 months (please refer page no. 21 under the section “Where will the Scheme invest?” in the SID for details on Macaulay’s Duration)
DSP Ultra Short Fund
An open ended ultra-short term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 3 months and 6 months (please refer page no. 21 under the section “Where will the Scheme invest?” in the SID for details on Macaulay’s Duration)

Enhanced cash fund
Suitable for investing surplus cash over short-term, alternative to on-demand deposits

Fund Manager

Kedar Karnik
Total work experience of 13 years.
Managing this Scheme since July 2016.

Fund Category

Ultra Short Duration

Inception date

Jul 31, 2006

Benchmark

CRISIL Ultra Short Term Debt Index

NAV AS ON AUGUST 31, 2020
Regular Plan  
Growth: ₹ 2657.7659
Direct Plan  
Growth: ₹ 2791.6823
Total aum

₹ 2,540 Cr

Monthly average aum

₹ 2,576 Cr

Month End Expense Ratio
Regular Plan : 0.98%
Direct Plan : 0.30%
Average Maturity

0.35 years

Investment Horizon (Minimum)

> 3 months

AUM as on 31 August 2020 (₹ in Cr)

2,540

Quantitative Measures
Modified Duration 0.34 years
Yield To Maturity 3.58%
Portfolio Macaulay Duration@@ 0.35 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 6.43
✔ REC Limited CRISIL AAA 5.99
✔ LIC Housing Finance Limited CARE AAA 5.29
Bajaj Finance Limited CRISIL AAA 3.15
Reliance Industries Limited CRISIL AAA 1.04
Small Industries Development Bank of India CARE AAA 0.83
Total 22.73
Government Securities (Central/state)
✔ 8.12% GOI 10-12-2020 SOV 14.33
Total 14.33
MONEY MARKET INSTRUMENTS
Certificate of Deposit
✔ Small Industries Development Bank of India CARE A1+ 8.16
✔ Bank of Baroda IND A1+ 5.88
✔ Export-Import Bank of India CRISIL A1+ 5.86
✔ National Bank for Agriculture and Rural Development IND A1+ 5.24
Axis Bank Limited ICRA A1+ 3.91
Bank of Baroda ICRA A1+ 2.93
ICICI Bank Limited ICRA A1+ 2.34
National Bank for Agriculture and Rural Development CRISIL A1+ 0.97
Small Industries Development Bank of India CRISIL A1+ 0.97
Total 36.26
Commercial Papers
Listed / awaiting listing on the stock exchanges
✔ Reliance Industries Limited CARE A1+ 4.80
✔ Standard Chartered Investments and Loans (India) Limited CRISIL A1+ 4.09
HDFC Securities Limited CRISIL A1+ 3.87
National Bank for Agriculture and Rural Development IND A1+ 2.32
Housing Development Finance Corporation Limited CRISIL A1+ 1.74
National Bank for Agriculture and Rural Development ICRA A1+ 1.16
Export-Import Bank of India CRISIL A1+ 0.98
Larsen & Toubro Limited CRISIL A1+ 0.97
Total 19.93
TREPS / Reverse Repo Investments / Corporate Debt Repo 11.70
Total 11.70
Cash & Cash Equivalent
Net Receivables/Payables -4.95
Total -4.95
GRAND TOTAL 100.00

✔ Top Ten Holdings
DSP Ultra Short Fund erstwhile known as DSP Money Manger Fund
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% 6,627.81

Performance (CAGR Returns in %)
1 m 3 m 6 m 1 yr
2.97 3.675.33 5.59

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 short-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.