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: ₹ 36.2998
Direct Plan  
Growth: ₹ 38.3141
Total aum

₹ 3,457 Cr

Monthly average aum

₹ 3,431 Cr

Month End Expense Ratio
Regular Plan : 0.93%
Direct Plan : 0.30%
Average Maturity

2.87 years

Investment Horizon (Minimum)

1-3 years

Quantitative Measures
Modified Duration 2.46 years
Yield To Maturity 4.89%
Portfolio Macaulay Duration 2.56 years
Exit Load

Nil

Data As On October 31, 2020

Name of InstrumentRating% to Net Assets
DEBT INSTRUMENTS
BOND & NCD's
Listed / awaiting listing on the stock exchanges
✔ National Housing Bank CRISIL AAA 8.14
✔ Housing Development Finance Corporation Limited CRISIL AAA 6.44
✔ Hindustan Petroleum Corporation Limited CRISIL AAA 5.30
✔ Power Finance Corporation Limited CRISIL AAA 4.88
✔ National Highways Authority of India CRISIL AAA 4.82
✔ Indian Oil Corporation Limited CRISIL AAA 4.56
✔ REC Limited CARE AAA 4.47
✔ Indian Railway Finance Corporation Limited CRISIL AAA 4.20
National Bank for Agriculture and Rural Development ICRA AAA 3.73
Small Industries Development Bank of India CARE AAA 3.72
State Bank of India AT-1 Basel-III CRISIL AA+ 3.42
HDFC Bank Limited AT-1 Basel-III IND AA+ 3.36
LIC Housing Finance Limited CARE AAA 2.94
Small Industries Development Bank of India ICRA AAA 2.93
Power Finance Corporation Limited CARE AAA 2.66
Export-Import Bank of India ICRA AAA 2.25
Power Grid Corporation of India Limited CRISIL AAA 2.15
Reliance Industries Limited CRISIL AAA 1.75
REC Limited CRISIL AAA 1.74
Export-Import Bank of India CRISIL AAA 1.21
NHPC Limited IND AAA 0.93
National Bank for Agriculture and Rural Development CRISIL AAA 0.80
LIC Housing Finance Limited CRISIL AAA 0.77
NHPC Limited ICRA AAA 0.61
Sikka Ports & Terminals Limited CRISIL AAA 0.39
Kotak Mahindra Prime Limited CRISIL AAA 0.36
NTPC Limited CRISIL AAA 0.31
Housing & Urban Development Corporation Limited ICRA AAA 0.10
Total 78.94
Government Securities (Central/State)
✔ 7.17% GOI 08-01-2028 SOV 5.89
✔ 7.35% GOI 22-06-2024 SOV 4.80
6.79% GOI 15-05-2027 SOV 3.94
7.32% GOI 28-01-2024 SOV 2.38
5.22% GOI 15-06-2025 SOV 2.22
Total 19.23
MONEY MARKET INSTRUMENTS
TREPS / Reverse Repo Investments / Corporate Debt Repo 4.99
Total 4.99
Cash & Cash Equivalent
Cash Margin 0.08
Net Receivables/Payables -3.24
Total -3.16
GRAND TOTAL 100.00

as on 30th Oct'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*
9.027.667.73 7.36
*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.