DSP Short Term Fund An open ended short term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 1 year and 3 years (please refer page no. 21 under the section “Where will the Scheme invest?” in the SID for details on Macaulay’s Duration) |
Short duration with very high credit quality (min 80% AAA)
Suitable for investment horizon of at least 1 year, alternative to traditional term deposits
Laukik Bagwe
Total work experience of 17 years.
Managing this Scheme since July
2016.
Saurabh Bhatia
Total work experience of 16 years.
Managing this Scheme since
February 2018.
Short Duration
Sep 9, 2002
CRISIL Short Term Bond Fund Index
Regular Plan | |
Growth: | ₹ 35.8164 |
Direct Plan | |
Growth: | ₹ 37.7477 |
₹ 3,878 Cr
₹ 3,623 Cr
Regular Plan : | 0.93% |
Direct Plan : | 0.30% |
2.49 years
1-3 years
3,878
Modified Duration | 2.17 years |
Yield To Maturity | 4.77% |
Portfolio Macaulay Duration | 2.25 years |
Nil
Name of Instrument | Rating | % to Net Assets |
DEBT INSTRUMENTS | ||
BOND & NCD's | ||
Listed / awaiting listing on the stock exchanges | ||
✔ Housing Development Finance Corporation Limited | CRISIL AAA | 8.53 |
✔ National Highways Authority of India | CRISIL AAA | 6.72 |
✔ Indian Railway Finance Corporation Limited | CRISIL AAA | 4.88 |
✔ National Housing Bank | CRISIL AAA | 4.76 |
✔ Small Industries Development Bank of India | CARE AAA | 4.75 |
✔ Power Finance Corporation Limited | CRISIL AAA | 4.72 |
✔ Export-Import Bank of India | CRISIL AAA | 4.01 |
Hindustan Petroleum Corporation Limited | CRISIL AAA | 3.57 |
Indian Oil Corporation Limited | CRISIL AAA | 3.28 |
Power Finance Corporation Limited | CARE AAA | 3.11 |
Reliance Industries Limited | CRISIL AAA | 3.11 |
REC Limited | CRISIL AAA | 3.09 |
National Bank for Agriculture and Rural Development | ICRA AAA | 2.68 |
Power Grid Corporation of India Limited | CRISIL AAA | 2.44 |
National Bank for Agriculture and Rural Development | CRISIL AAA | 2.43 |
State Bank of India AT-1 Basel-III | CRISIL AA+ | 2.28 |
HDFC Bank Limited AT-1 Basel-III | IND AA+ | 2.26 |
Export-Import Bank of India | ICRA AAA | 1.98 |
REC Limited | CARE AAA | 1.88 |
NHPC Limited | IND AAA | 0.82 |
NHPC Limited | ICRA AAA | 0.57 |
Mahindra & Mahindra Financial Services Limited | IND AAA | 0.40 |
Sikka Ports & Terminals Limited | CRISIL AAA | 0.34 |
Kotak Mahindra Prime Limited | CRISIL AAA | 0.32 |
NTPC Limited | CRISIL AAA | 0.30 |
Housing & Urban Development Corporation Limited | ICRA AAA | 0.09 |
Export-Import Bank of India AT-1 Basel-III | CRISIL AA+ | 0.08 |
Tata Capital Financial Services Limited | ICRA AAA | 0.04 |
Power Grid Corporation of India Limited | CARE AAA | 0.03 |
Total | 73.47 | |
Government Securities (Central/State) | ||
✔ 7.35% GOI 22-06-2024 | SOV | 8.46 |
✔ 5.22% GOI 15-06-2025 | SOV | 4.59 |
✔ 7.27% GOI 08-04-2026 | SOV | 3.58 |
7.59% GOI 11-01-2026 | SOV | 2.85 |
6.18% GOI 04-11-2024 | SOV | 1.37 |
Total | 20.85 | |
MONEY MARKET INSTRUMENTS | ||
Certificate of Deposit | ||
ICICI Bank Limited | ICRA A1+ | 0.29 |
Total | 0.29 | |
Commercial Paper | ||
Listed / awaiting listing on the stock exchanges | ||
Export-Import Bank of India | ICRA A1+ | 0.54 |
National Bank for Agriculture and Rural Development | IND A1+ | 0.40 |
Housing Development Finance Corporation Limited | CRISIL A1+ | 0.15 |
Total | 1.09 | |
TREPS / Reverse Repo Investments / Corporate Debt Repo | 1.66 | |
Total | 1.66 | |
Cash & Cash Equivalent | ||
Cash Margin | 0.07 | |
Net Receivables/Payables | 2.57 | |
Total | 2.64 | |
GRAND TOTAL | 100.00 |
✔ Top Ten Holdings
Notes: All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND & BWR.
Performance (CAGR Returns in %) | ||||
1 yr | 3 yr | 5 yr | SI | |
SI - Since inception | 10.33 | 7.66 | 7.92 | 7.39 |
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.
This Scheme is suitable for investors who are seeking*
• Income over a medium-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.