DSP Floater Fund Direct Growth
DebtFloating RateModerate Risk
Direct
NAV (19-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹818 Cr
Expense Ratio
0.24%
ISIN
INF740KA1PV1
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
19 Mar 2021
About this fund
As of 19-Sep-24, it has a Net Asset Value (NAV) of ₹12.53, Assets Under Management (AUM) of 817.82 Crores, and an expense ratio of 0.24%.
- DSP Floater Fund Direct Growth has given a CAGR return of 6.64% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 83.52% in debts, and 16.10% in cash & cash equivalents.
- You can start investing in DSP Floater Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+9.30%
+7.74% (Cat Avg.)
3 Years
+6.54%
+6.04% (Cat Avg.)
Since Inception
+6.64%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Debt | ₹683.06 Cr | 83.52% |
| Others | ₹134.76 Cr | 16.48% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 8.34% Govt Stock 2033 | Bond - Gov't/Treasury | ₹186.88 Cr | 22.85% |
| 7.45 MP Gs 2044 | Bond - Gov't/Treasury | ₹77.41 Cr | 9.47% |
| National Bank For Financing Infrastructure And Development | Bond - Corporate Bond | ₹51.21 Cr | 6.26% |
| Uttar Pradesh (Government of) 7.38% | Bond - Sub-sovereign Government Debt | ₹50.73 Cr | 6.20% |
| Canara Bank | Cash - CD/Time Deposit | ₹49.1 Cr | 6.00% |
| 7.66 MP Sdl 2048 | Bond - Gov't/Treasury | ₹47.51 Cr | 5.81% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹37.74 Cr | 4.62% |
| Treps / Reverse Repo Investments | Cash - Repurchase Agreement | ₹30.39 Cr | 3.72% |
| Uttar Pradesh (Government of) 7.48% | Bond - Sub-sovereign Government Debt | ₹26.65 Cr | 3.26% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹26.51 Cr | 3.24% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹26.16 Cr | 3.20% |
| Axis Finance Limited | Bond - Corporate Bond | ₹25.79 Cr | 3.15% |
| Cholamandalam Investment And Fin. Co. Ltd | Bond - Corporate Bond | ₹25.62 Cr | 3.13% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹25.1 Cr | 3.07% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹24.64 Cr | 3.01% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹24.55 Cr | 3.00% |
| 7.38% Govt Stock 2027 | Bond - Gov't/Treasury | ₹20.69 Cr | 2.53% |
| 07.12 MP Sdl 2035 | Bond - Gov't/Treasury | ₹19.95 Cr | 2.44% |
| 7.42 MP Gs 2045 | Bond - Gov't/Treasury | ₹15.44 Cr | 1.89% |
| 7.05 Ts SDL 2035 | Bond - Gov't/Treasury | ₹9.92 Cr | 1.21% |
| 06.77 KA Sdl 2034 | Bond - Gov't/Treasury | ₹9.75 Cr | 1.19% |
| SBI Funds Management Pvt Ltd/Fund Parent | Mutual Fund - Open End | ₹3.09 Cr | 0.38% |
| Net Receivables/Payables | Cash - Collateral | ₹2.99 Cr | 0.37% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Gov't/Treasury | ₹387.54 Cr | 47.39% |
| Bond - Corporate Bond | ₹218.14 Cr | 26.67% |
| Cash - CD/Time Deposit | ₹98.29 Cr | 12.02% |
| Bond - Sub-sovereign Government Debt | ₹77.38 Cr | 9.46% |
| Cash - Repurchase Agreement | ₹30.39 Cr | 3.72% |
| Mutual Fund - Open End | ₹3.09 Cr | 0.38% |
| Cash - Collateral | ₹2.99 Cr | 0.37% |
Risk & Performance Ratios
Standard Deviation
This fund
1.13%
Cat. avg.
1.15%
Lower the better
Sharpe Ratio
This fund
0.45
Cat. avg.
0.01
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.24
Higher the better
Fund Managers
Karan Mundhra
Since August 2024
Shantanu Godambe
Since June 2023
Additional Scheme Detailsas of 31st August 2024
ISIN | INF740KA1PV1 | Expense Ratio | 0.24% | Exit Load | No Charges | Fund Size | ₹818 Cr | Age | 19 Mar 2021 | Lumpsum Minimum | ₹100 | Fund Status | Open Ended Investment Company | Benchmark | CRISIL Short Duration Debt A-II TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Floating Rate Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| DSP Floater Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹817.82 Cr | 9.3% |
| DSP Floater Fund Regular Growth Moderate Risk | 0.5% | 0.0% | ₹817.82 Cr | 9.0% |
| Axis Floater Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹255.96 Cr | 10.3% |
| Axis Floater Fund Regular Growth Moderate Risk | 0.5% | 0.0% | ₹255.96 Cr | 10.0% |
| Franklin India Floating Rate Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹303.63 Cr | 7.9% |
| Nippon India Floating Rate Fund Regular Growth Moderate Risk | 0.6% | 0.0% | ₹7716.01 Cr | 7.8% |
| ICICI Prudential Floating Interest Fund Regular Growth Low to Moderate Risk | 1.2% | 0.0% | ₹8963.13 Cr | 7.4% |
| HDFC Floating Rate Debt Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹15145.52 Cr | 8.2% |
| Franklin India Floating Rate Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹303.63 Cr | 8.7% |
| Aditya Birla Sun Life Floating Rate Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹12657.39 Cr | 7.8% |
About the AMC
Total AUM
₹1,79,723 Cr
Address
West Wing, 11th Floor, Mumbai, 400021
Other Funds by DSP Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
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Who manages the DSP Floater Fund Direct Growth?
- Karan Mundhra
- Shantanu Godambe
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
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