DSP Equity Savings Fund
An open ended scheme investing in equity, arbitrage and debt
DSP Equity Savings Fund
An open ended scheme investing in equity, arbitrage and debt

  • Invests in 1/3rd each Equity, Arbitrage And Debt providing equity taxation.
  • The overall portfolio captures some upside potential from pure equities with significantly lower volatility due to debt, therefore has the potential to generate better returns per unit of risk with an equity taxation structure.

Fund Manager

Vinit Sambre (Equity portion)
Total work experience of 21
years Managing the Scheme since June 2020

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

Jay Kothari (Dedicated Fund Manager for overseas investments)
Total work experience of 16 years.
Managing this Scheme since March 2018.

Inception date

Mar 28, 2016

Benchmark

30% Nifty 500 TRI + 70% CRISIL Liquid Fund Index
(The benchmark assumes quarterly rebalancing)

NAV
Regular Plan  
Growth: ₹ 13.247
Direct Plan  
Growth: ₹ 14.154
Total aum

₹ 396 Cr

Monthly average aum

₹ 402 Cr

Portfolio Turnover Ratio(Last 12 months):

4.13

3 Year Risk Statistics:
Standard Deviation : 11.25%
Beta : 1.69
R-Squared : 90.84%
Sharpe Ratio : -0.05
Month End Expense Ratio
Regular Plan : 2.40%
Direct Plan : 0.86%
Average Maturity@@

0.90 years

Modified Duration@@

0.81 years

Portfolio YTM@@

4.94%

Portfolio Macaulay Duration@@

0.84 years

Fund Category

Conservative Hybrid

Tenure

4 Yr 7 Mn

Exit Load

• If the units redeemed or switched out are upto 10% of the units (the limit) purchased or switchedin within 12 months from the date of allotment: Nil
• If units redeemed or switched out are in excess of the limit within 12 months from the date of allotment: 1%
• If units are redeemed or switched out on or after 12 months from the date of allotment: 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 6.27
✔ HDFC Bank Limited 3.24
✔ ICICI Bank Limited 2.28
Kotak Mahindra Bank Limited 0.75
Consumer Non Durables 6.02
✔ Dabur India Limited 2.29
Asian Paints Limited 1.46
Hatsun Agro Product Limited 1.45
Hindustan Unilever Limited 0.82
Pharmaceuticals 5.01
✔ IPCA Laboratories Limited 2.74
✔ Cipla Limited 2.27
Software 4.56
✔ Infosys Limited 2.80
Tata Consultancy Services Limited 1.76
Consumer Durables 4.29
✔ Voltas Limited 2.10
Crompton Greaves Consumer Electricals Limited 1.33
V-Guard Industries Limited 0.86
Finance 3.67
Max Financial Services Limited 1.20
Bajaj Finance Limited 1.19
HDFC Life Insurance Company Limited 0.75
ICICI Lombard General Insurance Company Limited 0.53
Auto Ancillaries 2.44
Balkrishna Industries Limited 0.97
Minda Industries Limited 0.85
Exide Industries Limited 0.62
Textile Products 1.78
Welspun India Limited 1.78
Telecom - Services 1.46
Bharti Airtel Limited 1.46
Chemicals 0.85
Atul Limited 0.85
Cement 0.78
Shree Cement Limited 0.78
Gas 0.77
Gujarat State Petronet Limited 0.77
Services 0.63
Quess Corp Limited 0.63
Industrial Products 0.19
Wim Plast Ltd. 0.19
Total 38.72
Arbitrage (Cash Long)
Stock Futures -28.12
Total 28.06
Units issued by REITs & InvITs
Listed / awaiting listing on the stock exchanges
Finance 6.45
✔ India Grid Trust 6.45
Total 6.45
Name of Instrument Rating to Net Assets
DEBT INSTRUMENTS
BOND & NCD's
Listed / awaiting listing on the stock exchanges
✔ Reliance Industries Limited CARE AAA 6.81
✔ Power Finance Corporation Limited CRISIL AAA 2.83
Total 9.64
MONEY MARKET INSTRUMENTS
TREPS / Reverse Repo Investments / Corporate Debt Repo 5.92
Total 5.92
Fixed Deposit
ICICI Bank Limited 23 Nov 2020 (Duration - 367 Days) Unrated 1.33
ICICI Bank Limited 23 Feb 2021 (Duration - 397 Days) Unrated 0.53
ICICI Bank Limited 24 Feb 2021 (Duration - 397 Days) Unrated 0.53
Bank of Baroda 02 Feb 2021 (Duration - 377 Days) Unrated 0.53
Bank of Baroda 04 Feb 2021 (Duration - 379 Days) Unrated 0.53
Bank of Baroda 29 Jan 2021 (Duration - 373 Days) Unrated 0.53
Bank of Baroda 01 Feb 2021 (Duration - 376 Days) Unrated 0.53
Bank of Baroda 03 Feb 2021 (Duration - 378 Days) Unrated 0.53
Bank of Baroda 09 Feb 2021 (Duration - 383 Days) Unrated 0.53
Bank of Baroda 11 Feb 2021 (Duration - 385 Days) Unrated 0.53
Bank of Baroda 10 Feb 2021 (Duration - 384 Days) Unrated 0.53
Bank of Baroda 18 Feb 2021 (Duration - 391 Days) Unrated 0.53
Bank of Baroda 17 Feb 2021 (Duration - 390 Days) Unrated 0.53
Bank of Baroda 16 Feb 2021 (Duration - 389 Days) Unrated 0.53
Bank of Baroda 18 Mar 2021 (Duration - 405 Days) Unrated 0.53
Bank of Baroda 23 Mar 2021 (Duration - 410 Days) Unrated 0.53
Bank of Baroda 19 Mar 2021 (Duration - 406 Days) Unrated 0.53
Bank of Baroda 22 Mar 2021 (Duration - 409 Days) Unrated 0.53
Bank of Baroda 17 Mar 2021 (Duration - 404 Days) Unrated 0.53
Total 10.87
Cash & Cash Equivalent
Cash Margin 0.87
Net Receivables/Payables -0.53
Total 0.34
GRAND TOTAL 100.00

as on 30th Oct'20

✔ Top Ten Holdings

Notes : 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND.


Growth of Rs. 1 L invested at inception: 1.32 L

SIP Returns(In %)
3 yr SI*
4.214.62
*SI - Since inception
Outperformed Benchmark TRI (calendar year) 70% CRISIL Liquid Fund Index + 30% Nifty 500 TRI
25%

Rolling Return
  3 yr 1 yr
Minimum (%)-1.6 -13.5
Maximum (%)8.1 17.1
Average (%)4.3 4.9
% times negative returns (%)4.8 24.9
% of times returns are in
excess of 7%		17.6 41.1
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.

 
Positions Exited
Petroleum Products
Hindustan Petroleum Corporation Limited
Castrol India Limited
Power
NTPC Limited
Media & Entertainment
Sun TV Network Limited
Gas
GAIL (India) Limited
Pharmaceuticals
Sun Pharmaceutical Industries Limited
Banks
AU Small Finance Bank Limited
Finance
Satin Creditcare Network Limited
Software
CESC Ventures Limited
 
New Position Bought
Software
Infosys Limited
Tata Consultancy Services Limited
Pharmaceuticals
Cipla Limited
Banks
The Federal Bank Limited
 
Positions Increased
Consumer Non Durables
Dabur India Limited
 
Positions Decreased
Banks
ICICI Bank Limited
Petroleum Products
Reliance Industries Limited
Finance
Bajaj Finance Limited
Note: The above position change is compared to last month-end data.
Rebalances below 0.05 % are not considered.

Investment Objective

An Open ended equity Scheme, seeking to generate income through investments in fixed income ecurities and using arbitrage and other derivative Strategies. The Scheme also intends to generate long-term capital appreciation by investing a portion of the scheme's assets in equity and equity related instruments.
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*
• Long term capital growth and income
• 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.