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DSP Low Duration Fund An open ended low duration debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 6 months and 12 months (please refer page no. 20 under the section “Where will the Scheme invest?” in the SID for details on Macaulay’s Duration) |
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Duration between 6 -12 months & a very high credit quality (min 80% AAA)
Potential to earn higher than liquid funds, suitable for an investment horizon of at least 6 months
Kedar Karnik
Total work experience of 13 years.
Managing this Scheme since
July 2016.
Rahul Vekaria
Total work experience of 7 years.
Managing this Scheme since
March 2018
Low Duration
March 10, 2015
NIFTY Low Duration Debt Index
| Regular Plan | |
| Growth: | ₹ 14.6051 |
| Direct Plan | |
| Growth: | ₹ 14.8436 |
₹ 2,980 Cr
₹ 3,122 Cr
| Regular Plan : | 0.55% |
| Direct Plan : | 0.30% |
0.97 years
> 6 months
2,980
| Modified Duration | 0.87 years |
| Yield To Maturity | 6.12% |
Nil
| Name of Instrument | Rating | % to Net Assets |
| DEBT INSTRUMENTS | ||
| BOND & NCD's | ||
| Listed / awaiting listing on the stock exchanges | ||
| ✔ REC Limited | CRISIL AAA | 8.54% |
| ✔ Power Finance Corporation Limited | CRISIL AAA | 7.93% |
| ✔ National Bank for Agriculture and Rural Development | CRISIL AAA | 6.26% |
| ✔ Bajaj Finance Limited | CRISIL AAA | 4.73% |
| ✔ Housing Development Finance Corporation Limited | CRISIL AAA | 4.07% |
| ✔ LIC Housing Finance Limited | CRISIL AAA | 3.43% |
| ✔ LIC Housing Finance Limited | CARE AAA | 3.42% |
| Sundaram Home Finance Limited | CARE AA+ | 2.74% |
| Sundaram Finance Limited | CRISIL AAA | 1.92% |
| Indian Railway Finance Corporation Limited | CARE AAA | 1.85% |
| Tata Capital Housing Finance Limited | CRISIL AAA | 1.78% |
| Power Grid Corporation of India Limited | CRISIL AAA | 1.75% |
| Mahindra & Mahindra Financial Services Limited | IND AAA | 1.42% |
| HDB Financial Services Limited | CARE AAA | 1.22% |
| Kotak Mahindra Prime Limited | CRISIL AAA | 1.06% |
| Small Industries Development Bank of India | CARE AAA | 0.91% |
| Reliance Jio Infocomm Limited | CRISIL AAA | 0.91% |
| Sundaram Finance Limited | ICRA AAA | 0.87% |
| National Highways Authority of India | CRISIL AAA | 0.86% |
| NTPC Limited | CRISIL AAA | 0.86% |
| Bajaj Housing Finance Limited | CRISIL AAA | 0.84% |
| Tata Capital Financial Services Limited | ICRA AAA | 0.17% |
| Indian Railway Finance Corporation Limited | CRISIL AAA | 0.10% |
| National Housing Bank | CARE AAA | 0.07% |
| Total | 57.71% | |
| MONEY MARKET INSTRUMENTS | ||
| Certificate of Deposit | ||
| ✔ Export-Import Bank of India | CRISIL A1+ | 8.93% |
| ✔ ICICI Bank Limited | ICRA A1+ | 6.53% |
| ✔ Axis Bank Limited | CRISIL A1+ | 4.90% |
| Small Industries Development Bank of India | CARE A1+ | 3.30% |
| Axis Bank Limited | ICRA A1+ | 3.28% |
| National Bank for Agriculture and Rural Development | CRISIL A1+ | 3.28% |
| Bank of Baroda | ICRA A1+ | 3.22% |
| Small Industries Development Bank of India | CRISIL A1+ | 1.65% |
| Indian Bank | IND A1+ | 1.64% |
| Kotak Mahindra Bank Limited | CRISIL A1+ | 1.61% |
| Total | 38.34% | |
| Commercial Paper | ||
| Listed / awaiting listing on the stock exchanges | ||
| Kotak Mahindra Prime Limited | CRISIL A1+ | 0.79% |
| Total | 0.79% | |
| TREPS / Reverse Repo Investments / Corporate Debt Repo | 3.25% | |
| Total | 3.25% | |
| Cash & Cash Equivalent | ||
| Net Receivables/Payables | -0.09% | |
| Total | -0.09% | |
| GRAND TOTAL | 100.00% |
✔ Top Ten Holdings
DSP Low Duration Fund was erstwhile known as DSP Ultra Short Term Fund
Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND.
| Performance (CAGR Returns in %) | ||||
| 1 yr | 3 yr | 5 yr | SI | |
| SI - Since inception | 8.43 | 7.51 | NA | 7.91 |
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.
The investment objective of the
Scheme is to seek 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.
This Scheme is suitable for investors who are seeking*
• Income over a short-term investment horizon.
• Investments in money market and debt securities
* Investors should consult their financial advisors if in doubt whether the product is suitable for them.