DSP Regular Savings Fund
An open ended hybrid scheme investing predominantly in debt instruments
DSP Regular Savings Fund
An open ended hybrid scheme investing predominantly in debt instruments

  • Conservative Hybrid scheme investing predominantly in fixed income instruments.
  • Potential to earn returns greater than fixed income and suitable for investors with an investment horizon of 3 years and above.

Fund Manager

Vikram Chopra (Debt portion)
Total work experience of 17 years.
Managing this Scheme since July 2016.

Vinit Sambre (Equity portion)
Total work experience of 19
years Managing the Scheme since June 2020

Jay Kothari (Dedicated Fund
Manager for overseas investments) Total work experience of 14
years. Managing this Scheme since March 2018.

Fund Category

Conservative Hybrid

Inception date

Jun 11, 2004

Benchmark

CRISIL Hybrid 85+15-Conservative Index

NAV AS ON JULY 31, 2020
Regular Plan  
Growth: ₹ 37.7332
Direct Plan  
Growth: ₹ 40.5847
Total aum

₹ 196 Cr

Monthly average aum

₹ 197 Cr

3 Year Risk Statistics:
Standard Deviation : 7.25%
Beta : 1.45
R-Squared : 68.33%
Sharpe Ratio : -0.26
Month End Expense Ratio
Regular Plan : 2.21%
Direct Plan : 0.58%
Average Maturity@@

3.73 years

Investment Horizon (Minimum)

> 3 years +

AUM as on 31 July 2020 (₹ in Cr)

196

Quantitative Measures
Modified Duration@@ 3.01 years
Yield To Maturity@@ 5.53%
Portfolio Macaulay Duration@@ 3.13 years
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 (thelimit) purchased or switched: Nil.

*Vinit Sambre will be managing the scheme from June 2020

Name of Instrument % to Net Assets
EQUITY & EQUITY RELATED
Listed / awaiting listing on the stock exchanges
Finance 4.67
Max Financial Services Limited 1.63
Bajaj Finance Limited 1.57
ICICI Lombard General Insurance Company Limited 0.96
HDFC Life Insurance Company Limited 0.51
Pharmaceuticals 3.97
Cipla Limited 1.65
IPCA Laboratories Limited 1.44
JB Chemicals & Pharmaceuticals Limited 0.88
Banks 3.31
HDFC Bank Limited 2.73
Kotak Mahindra Bank Limited 0.57
Consumer Non Durables 2.85
Dabur India Limited 0.83
Nestle India Limited 0.77
Britannia Industries Limited 0.74
Hatsun Agro Product Limited 0.52
Software 2.62
Infosys Limited 1.59
Tata Consultancy Services Limited 1.03
Consumer Durables 2.37
Voltas Limited 1.24
V-Guard Industries Limited 0.71
Crompton Greaves Consumer Electricals Limited 0.43
Auto Ancillaries 1.65
Balkrishna Industries Limited 0.82
Minda Industries Limited 0.49
Motherson Sumi Systems Limited 0.33
Cement 0.58
Shree Cement Limited 0.58
Petroleum Products 0.54
Bharat Petroleum Corporation Limited 0.54
Industrial Products 0.52
Cummins India Limited 0.35
Wim Plast Ltd. 0.17
Industrial Capital Goods 0.48
Bharat Electronics Limited 0.48
Gas 0.41
Gujarat State Petronet Limited 0.41
Auto 0.24
Ashok Leyland Limited 0.24
Services 0.21
Quess Corp Limited 0.21
Media & Entertainment 0.11
Music Broadcast Limited 0.11
Total 24.53
Name of Instrument Rating " to Net Assets"
DEBT INSTRUMENTS
BOND & NCD's
Listed / awaiting listing on the stock exchanges
✔ National Bank for Agriculture and Rural Development CRISIL AAA 9.30
✔ Power Grid Corporation of India Limited CRISIL AAA 8.30
✔ Hindustan Petroleum Corporation Limited CRISIL AAA 8.07
✔ Export-Import Bank of India CRISIL AAA 5.64
✔ National Highways Authority of India CRISIL AAA 5.48
✔ GAIL (India) Limited CARE AAA 2.78
NTPC Limited CRISIL AAA 1.26
Total 40.83
Unlisted
✔ KKR India Financial Services Private Limited CRISIL AA 6.84
Total 6.84
Government Securities (Central/State)
✔ 7.26% GOI 14-01-2029 SOV 8.30
✔ 7.32% GOI 28-01-2024 SOV 8.27
✔ 7.59% GOI 11-01-2026 SOV 2.81
7.17% GOI 08-01-2028 SOV 2.75
6.79% GOI 15-05-2027 SOV 2.73
Total 24.86
MONEY MARKET INSTRUMENTS
TREPS / Reverse Repo Investments / Corporate Debt Repo 3.03
Total 3.03
Cash & Cash Equivalent
Net Receivables/Payables -0.09
Total -0.09
GRAND TOTAL 100.00

✔ Top Ten Holdings
DSP Regular Savings Fund erstwhile known as DSP MIP Fund (Monthly income is not assured and is subject to availability of distributable surplus)
@@Computed on the invested amount for debt portfolio
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% 1,855.79

Performance (CAGR Returns in %)
1 yr 3 yr 5 yr SI
SI - Since inception6.28 2.005.03 8.57

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 income, consistent with prudent risk, from a portfolio which is substantially constituted of quality debt securities. The scheme will also seek to generate capital appreciation by investing a smaller portion of its corpus in equity and equity related securities of issuers domiciled in India.
There is no assurance that the investment objective of the Scheme will be realized.

Product Labelling

This Open Ended conservative hybrid scheme is suitable for investors who are seeking*
• Income and capital growth over a medium-term investment horizon
• Investment predominantly in debt securities, with balance exposure in equity/equity-related securities

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