DSP Ultra Short Fund
An open ended ultra-short term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 3 months and 6 months (please refer page no. 21 under the section “Where will the Scheme invest?” in the SID for details on Macaulay’s Duration)
DSP Ultra Short Fund
An open ended ultra-short term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 3 months and 6 months (please refer page no. 21 under the section “Where will the Scheme invest?” in the SID for details on Macaulay’s Duration)

Enhanced cash fund
Suitable for investing surplus cash over short-term, alternative to on-demand deposits

Fund Manager

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

Fund Category

Ultra Short Duration

Inception date

Jul 31, 2006

Benchmark

CRISIL Ultra Short Term Debt Index

NAV
Regular Plan  
Growth: ₹ 2674.1887
Direct Plan  
Growth: ₹ 2812.0883
Total aum

₹ 2,859 Cr

Monthly average aum

₹ 2,822 Cr

Month End Expense Ratio
Regular Plan : 1.01%
Direct Plan : 0.29%
Average Maturity

0.44 years

Investment Horizon (Minimum)

> 3 months

Quantitative Measures
Modified Duration 0.43 years
Yield To Maturity 3.51%
Portfolio Macaulay Duration 0.44 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
✔ REC Limited CRISIL AAA 7.27
✔ Power Finance Corporation Limited CRISIL AAA 7.10
✔ Housing Development Finance Corporation Limited CRISIL AAA 6.20
✔ LIC Housing Finance Limited CRISIL AAA 6.19
Small Industries Development Bank of India CARE AAA 3.71
LIC Housing Finance Limited CARE AAA 1.83
Total 32.30
Government Securities (Central/State)
✔ 8.12% GOI 10-12-2020 SOV 5.55
Total 5.55
MONEY MARKET INSTRUMENTS
Certificate of Deposit
✔ National Bank for Agriculture and Rural Development IND A1+ 5.38
✔ Small Industries Development Bank of India CARE A1+ 5.21
✔ ICICI Bank Limited ICRA A1+ 4.91
Bank of Baroda IND A1+ 2.62
Axis Bank Limited ICRA A1+ 1.74
National Bank for Agriculture and Rural Development CRISIL A1+ 0.87
Small Industries Development Bank of India CRISIL A1+ 0.86
Total 21.59
Commercial Papers
Listed / awaiting listing on the stock exchanges
✔ Reliance Industries Limited CARE A1+ 8.35
Hero Fincorp Limited CRISIL A1+ 3.43
Tata Capital Financial Services Limited CRISIL A1+ 3.41
National Bank for Agriculture and Rural Development IND A1+ 2.62
Julius Baer Capital (India) Private Limited CRISIL A1+ 2.58
Housing Development Finance Corporation Limited CRISIL A1+ 2.28
Deutsche Investments India Private Limited CRISIL A1+ 1.72
National Bank for Agriculture and Rural Development ICRA A1+ 1.04
Larsen & Toubro Limited CRISIL A1+ 0.86
Total 26.29
Treasury Bill
✔ 182 DAY T-BILL 18032021 SOV 10.36
Total 10.36
TREPS / Reverse Repo Investments / Corporate Debt Repo 4.11
Total 4.11
Cash & Cash Equivalent
Net Receivables/Payables -0.20
Total -0.20
GRAND TOTAL 100.00

as on 30th Oct'20

✔ Top Ten Holdings
DSP Ultra Short Fund erstwhile known as DSP Money Manger Fund
Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND.
2. Pursuant to SEBI circular SEBI/HO/IMD/DF4/CIR/P/2019/102 dated September 24, 2019 read with circular no. SEBI/HO/IMD/DF4/CIR/P/2019/41 dated March 22, 2019. Below are the details of the securities in case of which issuer has defaulted beyond its maturity date.

Security ISIN value of the security considered under net receivables (i.e. value recognized in NAV in absolute terms and as % to NAV)
(Rs.in lakhs)		 total amount (including principal and interest) that is due to the scheme on that investment
(Rs.in lakhs)
0% IL&FS Transportation Networks Limited Ncd Series A 23032019 INE975G08140 0.00 0.00% 6,627.81

Performance (CAGR Returns in %)
1 m 3 m 6 m 1 yr
4.733.544.775.06

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 short-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.