DSP Savings Fund
An open ended debt scheme investing in money market instruments
DSP Savings Fund
An open ended debt scheme investing in money market instruments

Money Market Fund employing roll down strategy (maturity of portfolio runs down to 0 with time)
Money Market Fund investing in a 1 Year 100% A1+ portfolio in March offering reducing interest risk with time (roll-down strategy)

Fund Manager

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

Fund Category

Money Market

Inception date

Sep 30, 1999

Benchmark

CRISIL Money Market Index

NAV AS ON AUGUST 31, 2020
Regular Plan  
Growth: ₹ 40.4516
Direct Plan  
Growth: ₹ 41.2154
Total aum

₹ 1,953 Cr

Monthly average aum

₹ 1,946 Cr

Month End Expense Ratio
Regular Plan : 0.43%
Direct Plan : 0.25%
Average Maturity

0.48 years

Investment Horizon (Minimum)

6-12 months

AUM as on 31 August 2020 (₹ in Cr)

1,953

Quantitative Measures
Modified Duration 0.46 years
Yield To Maturity 3.63%
Portfolio Macaulay Duration 0.48 years
Exit Load

Nil

Name of InstrumentRating% to Net Assets
MONEY MARKET INSTRUMENTS
Certificate of Deposit
✔ Export-Import Bank of India CRISIL A1+ 8.55
✔ Bank of Baroda ICRA A1+ 7.06
✔ Small Industries Development Bank of India CARE A1+ 6.81
✔ ICICI Bank Limited ICRA A1+ 5.81
✔ Axis Bank Limited CRISIL A1+ 5.30
✔ National Bank for Agriculture and Rural Development IND A1+ 5.05
✔ Union Bank of India CARE A1+ 5.03
National Bank for Agriculture and Rural Development CRISIL A1+ 3.78
Small Industries Development Bank of India CRISIL A1+ 2.51
Bank of Baroda IND A1+ 1.26
Total 51.16
Commercial Papers
Listed / awaiting listing on the stock exchanges
✔ Housing Development Finance Corporation Limited CRISIL A1+ 9.80
✔ Larsen & Toubro Limited CRISIL A1+ 8.78
✔ Reliance Industries Limited CARE A1+ 8.70
Axis Finance Limited CRISIL A1+ 5.02
Tata Capital Housing Finance Limited CRISIL A1+ 5.02
Kotak Mahindra Prime Limited CRISIL A1+ 3.77
Kotak Mahindra Prime Limited ICRA A1+ 2.52
Reliance Jio Infocomm Limited CARE A1+ 2.52
Sundaram Finance Limited ICRA A1+ 1.26
National Bank for Agriculture and Rural Development ICRA A1+ 1.01
Total 48.40
TREPS / Reverse Repo Investments / Corporate Debt Repo 2.15
Total 2.15
Cash & Cash Equivalent
Net Receivables/Payables -1.71
Total -1.71
GRAND TOTAL 100.00

✔ Top Ten Holdings
DSP Savings Fund was erstwhile known as DSP Treasury Bill Fund


Performance (CAGR Returns in %)
1 yr 3 yr 5 yr SI
SI - Since inception6.577.166.896.90

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 generate income through investment in a portfolio comprising of money market instruments with maturity less than or equal to 1 year.
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 instruments with maturity less than or equal to 1 year.

* Investors should consult their financial advisors if in doubt whether the product is suitable for them.