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)
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

Fund Manager

Laukik Bagwe
Total work experience of 18 years.
Managing this Scheme since July 2016.

Saurabh Bhatia
Total work experience of 19 years.
Managing this Scheme since February 2018.

Fund Category

Short Duration

Inception date

Sep 9, 2002

Benchmark

CRISIL Short Term Bond Fund Index

NAV
Regular Plan  
Growth: ₹ 36.6221
Direct Plan  
Growth: ₹ 38.6737
Total aum

₹ 3,775 Cr

Monthly average aum

₹ 3,677 Cr

Month End Expense Ratio
Regular Plan : 0.95%
Direct Plan : 0.30%
Average Maturity

2.61 years

Investment Horizon (Minimum)

1-3 years

Quantitative Measures
Modified Duration 2.24 years
Yield To Maturity 4.50%
Portfolio Macaulay Duration 2.33 years
Exit Load

Nil

Data As On November 27, 2020

Name of InstrumentRating% to Net Assets
DEBT INSTRUMENTS
BOND & NCD's
Listed / awaiting listing on the stock exchanges
✔ National Housing Bank CRISIL AAA 7.52
✔ Housing Development Finance Corporation Limited CRISIL AAA 6.79
✔ Indian Oil Corporation Limited CRISIL AAA 5.61
✔ National Highways Authority of India CRISIL AAA 5.14
✔ Power Finance Corporation Limited CRISIL AAA 5.05
✔ Hindustan Petroleum Corporation Limited CRISIL AAA 4.90
✔ REC Limited CARE AAA 4.17
✔ Indian Railway Finance Corporation Limited CRISIL AAA 3.83
Reliance Industries Limited CRISIL AAA 3.28
State Bank of India AT-1 Basel-III CRISIL AA+ 3.18
HDFC Bank Limited AT-1 Basel-III IND AA+ 3.13
Small Industries Development Bank of India CARE AAA 3.10
LIC Housing Finance Limited CARE AAA 3.05
National Bank for Agriculture and Rural Development ICRA AAA 2.75
Small Industries Development Bank of India ICRA AAA 2.72
National Bank for Agriculture and Rural Development CRISIL AAA 2.42
Export-Import Bank of India ICRA AAA 2.08
Power Finance Corporation Limited CARE AAA 2.06
REC Limited CRISIL AAA 1.61
Power Grid Corporation of India Limited CRISIL AAA 1.22
Export-Import Bank of India CRISIL AAA 1.12
NHPC Limited IND AAA 0.84
LIC Housing Finance Limited CRISIL AAA 0.71
NHPC Limited ICRA AAA 0.56
Larsen & Toubro Limited CRISIL AAA 0.38
Sikka Ports & Terminals Limited CRISIL AAA 0.36
Kotak Mahindra Prime Limited CRISIL AAA 0.34
Housing & Urban Development Corporation Limited IND AAA 0.30
NTPC Limited CRISIL AAA 0.29
Housing & Urban Development Corporation Limited ICRA AAA 0.09
Total 78.60
Government Securities (Central/State)
✔ 7.17% GOI 08-01-2028 SOV 7.78
✔ 7.35% GOI 22-06-2024 SOV 3.71
6.18% GOI 04-11-2024 SOV 3.49
6.79% GOI 15-05-2027 SOV 0.71
Total 15.69
MONEY MARKET INSTRUMENTS
Commercial Papers
Listed / awaiting listing on the stock exchanges
Reliance Industries Limited CARE A1+ 0.77
Total 0.77
TREPS / Reverse Repo Investments / Corporate Debt Repo 6.11
Total 6.11
Cash & Cash Equivalent
Cash Margin 0.07
Net Receivables/Payables -1.24
Total -1.17
GRAND TOTAL 100.00

as on 27th Nov'20

✔ 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 yr5 yrSI*
9.247.987.84 7.38
*SI - Since inception
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 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.

Product Labelling

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.