DSP Low Duration Fund
An open ended low duration debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 6 months and 12 months (please refer page no. 20 under the section “Where will the Scheme invest?” in the SID for details on Macaulay’s Duration)
DSP Low Duration Fund
An open ended low duration debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 6 months and 12 months (please refer page no. 20 under the section “Where will the Scheme invest?” in the SID for details on Macaulay’s Duration)

Duration between 6 -12 months & a very high credit quality (min 80% AAA)
Potential to earn higher than liquid funds, suitable for an investment horizon of at least 6 months

Fund Manager

Kedar Karnik
Total work experience of 14 years.
Managing this Scheme since July 2016.

Laukik Bagwe
Total work experience of 18 years.
Managing this Scheme since June 2020.

Fund Category

Low Duration

Inception date

March 10, 2015

Benchmark

NIFTY Low Duration Debt Index

NAV
Regular Plan  
Growth: ₹ 15.3024
Direct Plan  
Growth: ₹ 15.5798
Total aum

₹ 3,641 Cr

Monthly average aum

₹ 3,318 Cr

Month End Expense Ratio
Regular Plan : 0.58%
Direct Plan : 0.31%
Average Maturity

0.91 years

Investment Horizon (Minimum)

> 6 months

Quantitative Measures
Modified Duration 0.84 years
Yield To Maturity 3.81%
Portfolio Macaulay Duration 0.87 years
Exit Load

Nil

Data As On October 31, 2020

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 7.25
✔ Power Finance Corporation Limited CRISIL AAA 6.08
✔ LIC Housing Finance Limited CRISIL AAA 6.02
✔ National Bank for Agriculture and Rural Development CRISIL AAA 5.65
✔ Reliance Industries Limited CRISIL AAA 5.29
✔ National Highways Authority of India CRISIL AAA 4.96
✔ Indian Railway Finance Corporation Limited CRISIL AAA 4.40
REC Limited CRISIL AAA 3.11
REC Limited CARE AAA 2.96
LIC Housing Finance Limited CARE AAA 2.29
Power Grid Corporation of India Limited CRISIL AAA 2.26
NTPC Limited CRISIL AAA 2.25
Small Industries Development Bank of India CARE AAA 2.01
HDB Financial Services Limited CARE AAA 0.76
REC Limited IND AAA 0.75
Bajaj Finance Limited CRISIL AAA 0.45
Power Grid Corporation of India Limited CARE AAA 0.43
Kotak Mahindra Prime Limited CRISIL AAA 0.30
Sundaram Finance Limited CRISIL AAA 0.15
Total 57.37
Government Securities (Central/State)
8.12% GOI 10-12-2020 SOV 1.42
Total 1.42
MONEY MARKET INSTRUMENTS
Certificate of Deposit
✔ Bank of Baroda IND A1+ 5.40
✔ Export-Import Bank of India CRISIL A1+ 3.38
National Bank for Agriculture and Rural Development IND A1+ 3.10
Small Industries Development Bank of India CARE A1+ 2.73
ICICI Bank Limited ICRA A1+ 1.49
Kotak Mahindra Bank Limited CRISIL A1+ 1.37
Small Industries Development Bank of India CRISIL A1+ 0.68
Bank of Baroda ICRA A1+ 0.27
Total 18.42
Commercial Papers
Listed / awaiting listing on the stock exchanges
Reliance Industries Limited CARE A1+ 3.35
Housing Development Finance Corporation Limited CRISIL A1+ 1.35
Export-Import Bank of India ICRA A1+ 0.58
Total 5.28
Treasury Bill
✔ 182 DAY T-BILL 18032021 SOV 5.43
182 DAY T-BILL 25032021 SOV 1.90
Total 7.33
TREPS / Reverse Repo Investments / Corporate Debt Repo 10.16
Total 10.16
Cash & Cash Equivalent
Net Receivables/Payables 0.02
Total 0.02
GRAND TOTAL100.00

as on 30th Oct'20

✔ Top Ten Holdings
DSP Low Duration Fund was erstwhile known as DSP Ultra Short Term Fund
Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND.


Performance (CAGR Returns in %)
1 yr 3 yr5 yrSI*
6.887.557.63 7.83
*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

The investment objective of the Scheme is to seek 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 short-term investment horizon.
• Investments in money market and debt securities

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