DSP Dynamic Asset Allocation Fund
An open ended dynamic asset allocation fund
DSP Dynamic Asset Allocation Fund
An open ended dynamic asset allocation fund

Fund Manager

Atul Bhole (Equity portion)
Total work experience of 13 years.
Managing this Scheme since February 2018.

Saurabh Bhatia (Debt portion)
Total work experience of 19 years.
Managing this Scheme since February 2018.

Fund Category

Dynamic Asset Allocation

Inception date

Feb 06, 2014

Benchmark

CRISIL Hybrid 35+65-Aggressive Index

NAV
Regular Plan  
Growth: ₹ 16.966
Direct Plan  
Growth: ₹ 18.320
Total aum

₹ 1,747 Cr

Monthly average aum

₹ 1,700 Cr

Portfolio Turnover Ratio(Last 12 months):

4.18

3 Year Risk Statistics:
Standard Deviation : 10.43%
Beta : 0.68
R-Squared : 81.52%
Sharpe Ratio : 0.22
Month End Expense Ratio
Regular Plan : 2.09%
Direct Plan : 0.46%
Average Maturity@@

1.55 years

Modified Duration@@

1.37 years

Portfolio YTM@@

4.56%

Portfolio Macaulay Duration@@

1.44 years

Tenure

6 Yr 8 Mn

Exit Load

Holding Period :
< 12 months: 1%~;
>= 12 months: Nil
~If the units redeemed or switched out are upto 10% of the units (the limit) purchased or switched: Nil.

@@Computed on the invested amount for debt portfolio

Data As On October 31, 2020

Name of Instrument% to Net Assets
EQUITY & EQUITY RELATED
Listed / awaiting listing on the stock exchanges
Banks 8.37
✔ HDFC Bank Limited 2.85
✔ ICICI Bank Limited 2.80
Kotak Mahindra Bank Limited 1.83
Axis Bank Limited 0.89
Finance 6.16
✔ Bajaj Finance Limited 2.00
Muthoot Finance Limited 1.11
ICICI Lombard General Insurance Company Limited 0.94
HDFC Life Insurance Company Limited 0.72
Bajaj Finserv Limited 0.59
HDFC Asset Management Company Limited 0.53
ICICI Prudential Life Insurance Company Limited 0.27
Software 4.64
✔ Infosys Limited 2.69
✔ Tata Consultancy Services Limited 1.95
Pharmaceuticals 3.00
Dr. Reddy's Laboratories Limited 1.35
Divi's Laboratories Limited 0.85
Alkem Laboratories Limited 0.80
Consumer Non Durables 2.99
Britannia Industries Limited 1.61
Asian Paints Limited 1.38
Gas 2.62
Indraprastha Gas Limited 1.46
Petronet LNG Limited 1.16
Retailing 2.42
Avenue Supermarts Limited 1.62
V-Mart Retail Limited 0.80
Telecom - Services 2.16
✔ Bharti Airtel Limited 2.16
Cement 2.16
UltraTech Cement Limited 1.63
Shree Cement Limited 0.53
Consumer Durables 1.60
Crompton Greaves Consumer Electricals Limited 0.63
Voltas Limited 0.51
Havells India Limited 0.46
Auto 0.89
Maruti Suzuki India Limited 0.89
Fertilisers 0.74
Coromandel International Limited 0.74
Chemicals 0.72
Atul Limited 0.72
Auto Ancillaries 0.52
Minda Industries Limited 0.52
Industrial Products 0.51
EPL Limited 0.51
Total 39.50
Arbitrage (Cash Long)
Stock Futures -26.50
Total 26.44
Name of Instrument Rating to Net Assets
DEBT INSTRUMENTS
BOND & NCD's
Listed / awaiting listing on the stock exchanges
✔ Hindustan Petroleum Corporation Limited CRISIL AAA 3.44
✔ ICICI Bank Limited AT-1 Basel-III CARE AA+ 3.11
✔ Housing Development Finance Corporation Limited CRISIL AAA 3.05
✔ National Bank for Agriculture and Rural Development ICRA AAA 3.05
✔ Indian Oil Corporation Limited CRISIL AAA 3.02
Reliance Industries Limited CRISIL AAA 1.58
National Housing Bank CRISIL AAA 1.54
National Highways Authority of India CRISIL AAA 1.26
Indian Railway Finance Corporation Limited CRISIL AAA 1.20
Power Grid Corporation of India Limited CRISIL AAA 0.65
HDFC Bank Limited AT-1 Basel-III IND AA+ 0.62
Reliance Industries Limited CARE AAA 0.31
Total 22.83
MONEY MARKET INSTRUMENTS
Treasury Bill
364 DAY T-BILL 04032021 SOV 1.70
364 DAY T-BILL 11032021 SOV 1.70
Total 3.40
TREPS / Reverse Repo Investments / Corporate Debt Repo 1.65
Total 1.65
Mutual Funds
DSP Liquidity Fund - Direct - Growth 1.72
Total 1.72
Fixed Deposit
ICICI Bank Limited 15 Feb 2021 (Duration - 395 Days) Unrated 0.30
ICICI Bank Limited 18 Feb 2021 (Duration - 395 Days) Unrated 0.30
ICICI Bank Limited 19 Feb 2021 (Duration - 395 Days) Unrated 0.30
ICICI Bank Limited 22 Feb 2021 (Duration - 397 Days) Unrated 0.30
ICICI Bank Limited 27 Jan 2021 (Duration - 394 Days) Unrated 0.12
ICICI Bank Limited 28 Jan 2021 (Duration - 394 Days) Unrated 0.12
ICICI Bank Limited 29 Jan 2021 (Duration - 394 Days) Unrated 0.12
ICICI Bank Limited 01 Feb 2021 (Duration - 396 Days) Unrated 0.12
ICICI Bank Limited 02 Feb 2021 (Duration - 396 Days) Unrated 0.12
Total 1.80
Cash & Cash Equivalent
Cash Margin 4.17
Net Receivables/Payables -1.51
Total 2.66
GRAND TOTAL 100.00

as on 30th Oct'20

✔ Top Ten Holdings


Growth of Rs. 1 L invested at inception: 1.70 L

SIP Returns(In %)
5 yr 3 yr SI*
7.46 7.987.50
*SI - Since inception
Outperformed Benchmark TRI (calendar year) CRISIL Hybrid 35+65- Aggressive Index
22

Rolling Return
  5 yr 3 yr 1 yr
Minimum (%) 3.1 0.2 -10.6
Maximum (%) 8.3 10.3 19.2
Average (%) 7.1 7.4 7.2
% times negative returns -- -- 6.1
% of times returns are in
excess of 7%		 76.8 70.6 51.0
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.

Large Cap: 1st -100th company in terms of full market capitalization
Mid Cap: 101st -250th company in terms of full market capitalization
Small Cap: 251st company onwards in terms of full market capitalization.

Investment Objective

The investment objective of the Scheme is to seek capital appreciation by managing the asset allocation between equity and fixed income securities. The Scheme will dynamically manage the asset allocation between equity and fixed income based on the relative valuation of equity and debt markets. The Scheme intends to generate long-term capital appreciation by investing in equity and equity related instruments and seeks to generate income through investments in fixed income securities and by using arbitrage and other derivative strategies.
However, there can be no assurance that the investment objective of the scheme will be realized.

Product Labelling

This scheme is suitable for investors who are seeking*
• Long-term capital growth
• Investment in equity and equity related securities including the use of equity derivatives strategies and arbitrage opportunities with balance exposure in debt and money market instruments.

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