DSP Equity & Bond Fund
An open ended hybrid scheme investing predominantly in equity and equity related instruments
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DSP Equity & Bond Fund An open ended hybrid scheme investing predominantly in equity and equity related instruments |
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- Aggressive Hybrid scheme investing predominantly in equity and equity related instruments.
- Portfolio is a combination of well diversified market cap and sector agnostic equity portfolio and high quality fixed income portfolio.
Fund Manager
Atul Bhole (Equity portion)
Total work experience of 12 years.
Managing this Scheme since
June 2016.
Vikram Chopra (Debt portion)
Total work experience of 17 years.
Managing this Scheme since
July 2016.
Inception date
May 27, 1999
Benchmark
CRISIL Hybrid 35+65-Aggressive Index
NAV AS ON JULY 31, 2020
| Regular Plan | |
| Growth: | ₹ 157.669 |
| Direct Plan | |
| Growth: | ₹ 168.418 |
Total aum
₹ 5,764 Cr
Monthly average aum
₹ 5,767 Cr
Portfolio Turnover Ratio(Last 12 months):
1.81
3 Year Risk Statistics:
| Standard Deviation : | 17.16% |
| Beta : | 1.18 |
| R-Squared : | 91.10% |
| Sharpe Ratio : | -0.01 |
Month End Expense Ratio
| Regular Plan : | 1.90% |
| Direct Plan : | 0.93% |
Average Maturity@@
5.14 years
Modified Duration@@
3.99 years
Portfolio YTM@@
6.30%
Portfolio Macaulay
Duration@@
4.13 years
Fund Category
Aggressive Hybrid
Tenure
21 Yr 2 Mn
Fund Details as on 31 July 2020
| AUM as on 31 July 2020 (₹ in Cr) | 5,764 |
Exit Load
Holding Period : < 12 months: 1%~
Holding Period :>= 12 months: Nil
~If the units redeemed or switched
out are upto 10% of the units (the
limit) purchased or switched: Nil.
| Name of Instrument | % to Net Assets | |
| EQUITY & EQUITY RELATED | ||
| Listed / awaiting listing on the stock exchanges | ||
| Finance | 13.62 | |
| ✔ Bajaj Finance Limited | 3.42 | |
| ✔ Muthoot Finance Limited | 2.28 | |
| Bajaj Finserv Limited | 1.78 | |
| HDFC Life Insurance Company Limited | 1.32 | |
| ICICI Lombard General Insurance Company Limited | 1.27 | |
| ICICI Prudential Life Insurance Company Limited | 1.17 | |
| Housing Development Finance Corporation Limited | 0.97 | |
| HDFC Asset Management Company Limited | 0.86 | |
| Equitas Holdings Limited | 0.33 | |
| Satin Creditcare Network Limited | 0.21 | |
| Banks | 12.07 | |
| ✔ HDFC Bank Limited | 4.76 | |
| ✔ ICICI Bank Limited | 3.98 | |
| Kotak Mahindra Bank Limited | 2.16 | |
| Axis Bank Limited | 1.16 | |
| Cement | 5.55 | |
| ✔ UltraTech Cement Limited | 3.24 | |
| Shree Cement Limited | 1.44 | |
| The Ramco Cements Limited | 0.87 | |
| Pharmaceuticals | 5.45 | |
| Divi's Laboratories Limited | 1.66 | |
| Dr. Reddy's Laboratories Limited | 1.62 | |
| Alkem Laboratories Limited | 1.36 | |
| IPCA Laboratories Limited | 0.81 | |
| Telecom - Services | 4.45 | |
| ✔ Bharti Airtel Limited | 4.45 | |
| Consumer Durables | 4.43 | |
| Voltas Limited | 0.96 | |
| Havells India Limited | 0.92 | |
| Crompton Greaves Consumer Electricals Limited | 0.80 | |
| Relaxo Footwears Limited | 0.68 | |
| V-Guard Industries Limited | 0.56 | |
| Titan Company Limited | 0.52 | |
| Consumer Non Durables | 4.16 | |
| Britannia Industries Limited | 1.87 | |
| Emami Limited | 1.17 | |
| Asian Paints Limited | 1.13 | |
| Software | 4.15 | |
| ✔ Tata Consultancy Services Limited | 2.53 | |
| Infosys Limited | 1.61 | |
| Retailing | 3.91 | |
| V-Mart Retail Limited | 1.67 | |
| Avenue Supermarts Limited | 1.65 | |
| Trent Limited | 0.59 | |
| Gas | 3.13 | |
| Indraprastha Gas Limited | 1.44 | |
| Gujarat Gas Limited | 0.95 | |
| Petronet LNG Limited | 0.75 | |
| Chemicals | 3.12 | |
| Atul Limited | 1.40 | |
| Aarti Industries Limited | 1.14 | |
| Solar Industries India Limited | 0.58 | |
| Construction | 3.10 | |
| Godrej Properties Limited | 1.70 | |
| Ahluwalia Contracts (India) Limited | 0.70 | |
| KNR Constructions Limited | 0.70 | |
| Fertilisers | 2.32 | |
| ✔ Coromandel International Limited | 2.32 | |
| Auto Ancillaries | 1.42 | |
| Minda Industries Limited | 0.74 | |
| Balkrishna Industries Limited | 0.68 | |
| Pesticides | 1.17 | |
| PI Industries Limited | 1.17 | |
| Auto | 0.65 | |
| Maruti Suzuki India Limited | 0.65 | |
| Power | 0.65 | |
| Tata Power Company Limited | 0.65 | |
| Industrial Capital Goods | 0.62 | |
| Siemens Limited | 0.62 | |
| Industrial Products | 0.52 | |
| KEI Industries Limited | 0.52 | |
| Textiles - Synthetic | 0.38 | |
| Ganesha Ecosphere Limited | 0.38 | |
| Total | 74.87 | |
| Unlisted | ||
| Software | * | |
| SIP Technologies & Export Limited** | * | |
| Total | * | |
| Name of Instrument | Rating | to Net Assets |
| DEBT INSTRUMENTS | ||
| BOND & NCD's | ||
| Listed / awaiting listing on the stock exchanges | ||
| ✔ Green Infra Wind Energy Limited | CRISIL AA | 2.58 |
| Indian Railway Finance Corporation Limited | CRISIL AAA | 1.76 |
| Indian Oil Corporation Limited | CRISIL AAA | 1.18 |
| Power Finance Corporation Limited | CRISIL AAA | 0.97 |
| Reliance Industries Limited | CARE AAA | 0.92 |
| Hindustan Petroleum Corporation Limited | CRISIL AAA | 0.61 |
| Power Finance Corporation Limited | CARE AAA | 0.59 |
| NHPC Limited | ICRA AAA | 0.48 |
| National Bank for Agriculture and Rural Development | CRISIL AAA | 0.48 |
| National Housing Bank | CRISIL AAA | 0.39 |
| Hindustan Petroleum Corporation Limited | IND AAA | 0.29 |
| Bank of Baroda AT-1 Basel-III | IND AA+ | 0.29 |
| Bank of Baroda AT-1 Basel-III | CARE AA | 0.28 |
| NTPC Limited | CARE AAA | 0.18 |
| Power Grid Corporation of India Limited | CRISIL AAA | 0.10 |
| Power Grid Corporation of India Limited | ICRA AAA | 0.10 |
| GAIL (India) Limited | CARE AAA | 0.09 |
| Export-Import Bank of India | CRISIL AAA | 0.09 |
| National Bank for Agriculture and Rural Development | ICRA AAA | 0.06 |
| REC Limited | CRISIL AAA | 0.02 |
| HDFC Bank Limited AT-1 Basel-III | IND AA+ | 0.01 |
| Total | 11.47 | |
| Unlisted | ||
| KKR India Financial Services Private Limited | CRISIL AA | 1.01 |
| Total | 1.01 | |
| Government Securities (Central/State) | ||
| ✔ 6.45% GOI 07-10-2029 | SOV | 8.05 |
| 7.59% GOI 11-01-2026 | SOV | 1.92 |
| 7.32% GOI 28-01-2024 | SOV | 1.32 |
| 7.27% GOI 08-04-2026 | SOV | 0.60 |
| 7.37% GOI 16-04-2023 | SOV | 0.38 |
| Total | 12.27 | |
| MONEY MARKET INSTRUMENTS | ||
| TREPS / Reverse Repo Investments / Corporate Debt Repo | 0.50 | |
| Total | 0.50 | |
| Cash & Cash Equivalent | ||
| Net Receivables/Payables | -0.12 | |
| Total | -0.12 | |
| GRAND TOTAL | 100.00 |
✔Top Ten Holdings
*Less than 0.01%
** Non Traded / Thinly Traded and illiquid securities in accordance with SEBI Regulations
DSP Equity & Bond Fund erstwhile known as DSP Balanced Fund
@@Computed on the invested amount for debt portfolio
Notes:
1.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 | 5,965.03 |
| Growth of Rs. 1 L invested at inception: | 15.89 L |
| SIP Returns(In %) | ||||
| 10 yr | 5 yr | 3 yr | SI* | |
| *SI - Since inception | 10.00 | 6.42 | 4.11 | 14.16 |
| Outperformed Benchmark TRI (calendar year) | CRISIL Hybrid 35+65 -
Aggressive Index 76% |
Rolling Return
| 10 yr | 5 yr | 3 yr | 1 yr | |
| Minimum | 7.6 | 3.0 | -11.9 | -39.9 |
| Maximum | 23.5 | 42.5 | 51.0 | 89.3 |
| Average | 15.9 | 17.0 | 16.4 | 16.0 |
| % times negative returns | -- | -- | 7.0 | 23.9 |
| % of times returns are in excess of 7% | 100.0 | 95.4 | 80.0 | 60.6 |
Mid Cap: 101st -250th company in terms of full market capitalization
Small Cap: 251st company onwards in terms of full market capitalization.
| Positions Exited |
| Industrial Products |
| SKF India Limited |
| New Position Bought |
| Software |
| Infosys Limited |
| Gas |
| Gujarat Gas Limited |
| Finance |
| HDFC Asset Management Company Limited |
| Positions Increased |
| Pesticides |
| PI Industries Limited |
| Gas |
| Indraprastha Gas Limited |
| Banks |
| Kotak Mahindra Bank Limited |
| Software |
| Tata Consultancy Services Limited |
| Finance |
| Muthoot Finance Limited |
| Retailing |
| Avenue Supermarts Limited |
| Cement |
| UltraTech Cement Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Industrial Products |
| KEI Industries Limited |
| Positions Decreased |
| Fertilisers |
| Coromandel International Limited |
| Construction |
| Godrej Properties Limited |
| Pharmaceuticals |
| Alkem Laboratories Limited |
| Consumer Non Durables |
| Asian Paints Limited |
| Cement |
| Shree Cement Limited |
| Auto Ancillaries |
| Balkrishna Industries Limited |
| Auto |
| Bajaj Auto Limited |
| Retailing |
| Trent Limited |
| Banks |
| HDFC Bank Limited |
| ICICI Bank Limited |
| Axis Bank Limited |
| Finance |
| Bajaj Finance Limited |
| Bajaj Finserv Limited |
| Consumer Durables |
| Voltas Limited |
| Titan Company Limited |
Rebalances below 0.05 % are not considered.
Investment Objective
The primary investment objective
of the Scheme, seeking to generate
long term capital appreciation and
current income from a portfolio
constituted of equity and equity
related securities as well as fixed
income securities (debt and money
market securities).
There is no assurance that the
investment objective of the
Scheme will be realized.
Product Labelling
This Open Ended aggressive hybrid scheme is suitable for investors who are seeking*
• Capital growth and income over a long-term investment horizon
• Investment primarily in equity/equity-related securities, with balance exposure in money market
and debt Securities
* Investors should consult their financial advisors if in doubt whether the product is suitable for them.