DSP Government Securities Direct Growth

Fund Overview

Fund Size

₹1,904 Cr

Expense Ratio

0.57%

ISIN

INF740K01NF3

Minimum SIP

₹100

Exit Load

No Charges

Inception Date

01 Jan 2013

About this fund

DSP Government Securities Direct Growth is a Government Bond mutual fund schemes offered by DSP Mutual Fund. This fund has been in existence for 12 years, 6 months and 12 days, having been launched on 01-Jan-13.
As of 11-Jul-25, it has a Net Asset Value (NAV) of ₹102.42, Assets Under Management (AUM) of 1903.95 Crores, and an expense ratio of 0.57%.

DSP Government Securities Direct Growth has given a CAGR return of 8.33% since inception.
The fund's asset allocation comprises around 0.00% in equities, 82.59% in debts, and 17.41% in cash & cash equivalents.
You can start investing in DSP Government Securities 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

+8.61%

+8.67% (Cat Avg.)

3 Years

+8.75%

+7.94% (Cat Avg.)

5 Years

+6.48%

+5.50% (Cat Avg.)

10 Years

+8.57%

+6.92% (Cat Avg.)

Since Inception

+8.33%

— (Cat Avg.)

Portfolio Summaryas of 30th June 2025

Debt	₹1,572.47 Cr	82.59%
Others	₹331.48 Cr	17.41%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
7.34% Govt Stock 2064	Bond - Gov't/Treasury	₹516.83 Cr	27.90%
7.09% Govt Stock 2054	Bond - Gov't/Treasury	₹516.67 Cr	27.89%
7.81% Govt Stock 2033	Bond - Gov't/Treasury	₹318.56 Cr	17.20%
Net Receivables/Payables	Cash - Collateral	₹190.17 Cr	10.27%
182 Days Tbill	Bond - Gov't/Treasury	₹98.86 Cr	5.34%
7.3% Govt Stock 2053	Bond - Gov't/Treasury	₹51.67 Cr	2.79%
8.13% Govt Stock 2045	Bond - Gov't/Treasury	₹39.94 Cr	2.16%
6.63% Govt Stock 2031	Bond - Gov't/Treasury	₹35.98 Cr	1.94%
Treps / Reverse Repo Investments	Cash - Repurchase Agreement	₹33.36 Cr	1.80%
6.99% Govt Stock 2051	Bond - Gov't/Treasury	₹25 Cr	1.35%
7.09% Govt Stock 2074	Bond - Gov't/Treasury	₹15.03 Cr	0.81%
7.25% Govt Stock 2063	Bond - Gov't/Treasury	₹10.21 Cr	0.55%
364 DTB 04092025	Bond - Gov't/Treasury	₹0.1 Cr	0.01%
364 DTB 03072025	Bond - Gov't/Treasury	₹0.02 Cr	0.00%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Gov't/Treasury	₹1,628.87 Cr	87.93%
Cash - Collateral	₹190.17 Cr	10.27%
Cash - Repurchase Agreement	₹33.36 Cr	1.80%

Risk & Performance Ratios

Fund Managers

Sandeep Yadav

Since August 2024

Shantanu Godambe

Since June 2023

Additional Scheme Detailsas of 30th June 2025

ISIN

INF740K01NF3

Expense Ratio

0.57%

Exit Load

No Charges

Fund Size

₹1,904 Cr

Age

12 years 6 months

Lumpsum Minimum

₹100

Fund Status

Open Ended Investment Company

Benchmark

CRISIL Dynamic Gilt 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:

Dividend Taxation:

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 Government Bond Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Groww Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹28.58 Cr	-
Groww Gilt Fund Regular Growth Moderate Risk	1.5%	0.0%	₹28.58 Cr	-
Bajaj Finserv Gilt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹36.55 Cr	-
Bajaj Finserv Gilt Fund Regular Growth Moderate Risk	1.0%	0.0%	₹36.55 Cr	-
UTI Nifty 5 Yr Benchmark G-Sec ETF Moderate Risk	0.2%	-	₹24.71 Cr	10.5%
LIC MF Gilt Fund Direct Growth Moderate Risk	0.8%	0.0%	₹85.09 Cr	8.0%
ICICI Prudential Gilt Fund Direct Growth Low to Moderate Risk	0.6%	0.0%	₹7275.51 Cr	10.2%
HSBC Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹249.74 Cr	8.4%
Bandhan Government Securities Fund Investment Plan Direct Growth Moderate Risk	0.5%	0.0%	₹3123.96 Cr	7.5%
Nippon India Gilt Securities Fund Direct Growth Moderate Risk	0.5%	0.0%	₹2061.32 Cr	8.7%
Invesco India Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹580.30 Cr	8.5%
Kotak Gilt Investment Fund Direct Growth Low to Moderate Risk	0.5%	0.0%	₹3809.82 Cr	8.0%
Nippon India ETF Nifty 5 yr Benchmark G-Sec Moderate Risk	0.1%	-	₹226.94 Cr	10.8%
Axis Gilt Fund Regular Growth Moderate Risk	0.8%	0.0%	₹798.14 Cr	9.0%
Bandhan Government Securities Fund Investment Plan Regular Growth Moderate Risk	1.1%	0.0%	₹3123.96 Cr	6.8%
Aditya Birla Sun Life Nifty G-Sec Jun 2027 ETF Moderate Risk	-	-	-	-
Edelweiss Government Securities Fund Direct Growth Moderate Risk	0.5%	0.0%	₹182.37 Cr	8.5%
Edelweiss Government Securities Fund Regular Growth Moderate Risk	1.1%	0.0%	₹182.37 Cr	7.8%
Motilal Oswal Nifty 5 year Benchmark G-Sec ETF Moderate Risk	0.2%	-	₹108.92 Cr	10.5%
UTI Gilt Fund Direct Growth Moderate Risk	0.7%	0.0%	₹639.15 Cr	8.8%
Axis Gilt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹798.14 Cr	9.4%
Baroda BNP Paribas Gilt Fund Direct Growth Moderate Risk	0.1%	0.0%	₹1644.62 Cr	10.6%
HDFC Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹3058.23 Cr	9.4%
Aditya Birla Sun Life Government Securities Fund Direct Growth Moderate Risk	0.5%	0.0%	₹2256.64 Cr	8.0%
SBI Magnum Gilt Direct Growth Moderate Risk	0.5%	0.0%	₹12148.74 Cr	8.7%
ICICI Prudential Nifty 5 Yr Bench G-SEC ETF Moderate Risk	0.2%	-	₹58.80 Cr	11.1%
Tata Gilt Securities Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1149.08 Cr	10.3%
Franklin India Government Securities Direct Growth Low to Moderate Risk	0.6%	0.0%	₹155.21 Cr	8.8%
Canara Robeco Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹157.22 Cr	8.2%
DSP Government Securities Direct Growth Moderate Risk	0.6%	0.0%	₹1903.95 Cr	8.6%
PGIM India Gilt Fund Direct Growth Moderate Risk	0.6%	0.0%	₹117.16 Cr	9.1%
Union Gilt Fund Direct Growth Moderate Risk	0.7%	0.0%	₹99.82 Cr	8.0%
Union Gilt Fund Regular Growth Moderate Risk	1.1%	0.0%	₹99.82 Cr	7.5%
Quant Gilt Fund Regular Growth Moderate Risk	1.4%	0.0%	₹135.77 Cr	6.1%
Quant Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹135.77 Cr	7.1%
Invesco India Gilt Fund Regular Growth Moderate Risk	1.3%	0.0%	₹580.30 Cr	7.6%
Motilal Oswal 5 Year G-Sec Fund of Fund Regular Growth Moderate Risk	0.5%	0.0%	₹37.98 Cr	11.0%
Motilal Oswal 5 Year G-Sec Fund of Fund Direct Growth Moderate Risk	0.4%	0.0%	₹37.98 Cr	11.0%
Kotak Gilt Investment Fund Regular Growth Low to Moderate Risk	1.5%	0.0%	₹3809.82 Cr	6.9%
Aditya Birla Sun Life Government Securities Fund Regular Growth Moderate Risk	1.1%	0.0%	₹2256.64 Cr	7.3%
LIC MF Gilt Fund Regular Growth Moderate Risk	1.5%	0.0%	₹85.09 Cr	7.3%
PGIM India Gilt Fund Regular Growth Moderate Risk	1.4%	0.0%	₹117.16 Cr	8.0%
DSP Government Securities Regular Growth Moderate Risk	1.1%	0.0%	₹1903.95 Cr	7.9%
Baroda BNP Paribas Gilt Fund Regular Growth Moderate Risk	0.5%	0.0%	₹1644.62 Cr	10.3%
Canara Robeco Gilt Fund Regular Growth Moderate Risk	1.3%	0.0%	₹157.22 Cr	7.5%
HSBC Gilt Fund Regular Growth Moderate Risk	1.6%	0.0%	₹249.74 Cr	7.1%
SBI Magnum Gilt Regular Growth Moderate Risk	0.9%	0.0%	₹12148.74 Cr	8.1%
ICICI Prudential Gilt Fund Regular Growth Low to Moderate Risk	1.1%	0.0%	₹7275.51 Cr	9.6%
UTI Gilt Fund Regular Growth Moderate Risk	0.9%	0.0%	₹639.15 Cr	8.5%
HDFC Gilt Fund Regular Growth Moderate Risk	0.9%	0.0%	₹3058.23 Cr	8.9%

About the AMC

DSP Mutual Fund

+91 18002084499

https://www.dspim.com/

Total AUM

₹1,97,336 Cr

Address

West Wing, 11th Floor, Mumbai, 400021

Other Funds by DSP Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
DSP Nifty IT Index Fund Direct Growth Very High Risk	-	0.0%	-	-
DSP Nifty Healthcare Index Fund Direct Growth Very High Risk	-	0.0%	-	-
DSP Silver ETF Fund of Fund Direct Growth Very High Risk	0.6%	0.0%	₹40.51 Cr	-
DSP Multicap Fund Direct Growth Low Risk	0.6%	1.0%	₹2262.92 Cr	3.4%
DSP Nifty Smallcap250 Quality 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹255.48 Cr	-1.1%
DSP Banking & Financial Services Fund Direct Growth Very High Risk	0.7%	0.0%	₹1290.21 Cr	20.2%
DSP Gold ETF Fund of Fund Direct Growth High Risk	0.7%	0.0%	₹91.70 Cr	31.2%
DSP Multi Asset Allocation Fund Direct Growth Very High Risk	0.3%	1.0%	₹3157.86 Cr	12.7%
DSP FMP - Series 264 - 60M - 17D Direct Growth Low to Moderate Risk	-	0.0%	₹51.59 Cr	8.7%
DSP FMP Series 267 - 1246 Days Direct Growth Low to Moderate Risk	-	0.0%	₹690.59 Cr	8.1%
DSP FMP Series 261 37 Month Direct Growth Moderate Risk	-	-	-	-
DSP Fixed Maturity Plan Series 270 1144 Days Direct Growth Low to Moderate Risk	-	0.0%	₹180.35 Cr	8.1%
DSP FMP Series 268 - 1281 Days Direct Growth Low to Moderate Risk	-	-	₹122.54 Cr	8.0%
DSP FMP Series 252 38 Month Direct Growth Moderate Risk	-	0.0%	-	-
DSP Banking & PSU Debt Fund Direct Growth Low Risk	0.3%	0.0%	₹4187.54 Cr	9.3%
DSP Dynamic Asset Allocation Fund Direct Growth Moderately High risk	0.7%	1.0%	₹3396.57 Cr	8.6%
DSP Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹1916.91 Cr	6.4%
DSP Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹739.23 Cr	4.4%
DSP Nifty Next 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹1008.00 Cr	-7.9%
DSP Healthcare Fund Direct Growth Very High Risk	0.6%	0.0%	₹2961.36 Cr	13.3%
DSP Global Allocation Fund Direct Growth Very High Risk	0.4%	0.0%	₹683.95 Cr	7.1%
DSP Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹5592.41 Cr	8.3%
DSP Value Fund Direct Growth Very High Risk	0.9%	1.0%	₹1001.23 Cr	8.2%
DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹2152.09 Cr	9.6%
DSP Bond Fund Direct Growth Moderately High risk	0.4%	0.0%	₹314.01 Cr	10.0%
DSP Flexi Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹11836.70 Cr	3.9%
DSP Government Securities Direct Growth Moderate Risk	0.6%	0.0%	₹1903.95 Cr	8.6%
DSP Equity & Bond Fund Direct Growth Very High Risk	0.7%	1.0%	₹11104.36 Cr	9.6%
DSP Focus Fund Direct Growth Very High Risk	1.0%	1.0%	₹2576.32 Cr	5.1%
DSP Credit Risk Fund Direct Growth Moderately High risk	0.4%	1.0%	₹209.20 Cr	24.0%
DSP India TIGER Fund Direct Growth Very High Risk	0.9%	1.0%	₹5319.48 Cr	-6.3%
DSP Liquidity Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹20980.80 Cr	7.2%
DSP Regular Saving Fund Direct Growth Moderate Risk	0.5%	0.0%	₹176.45 Cr	9.4%
DSP Small Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹16304.77 Cr	6.3%
DSP Ultra Short Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹4178.95 Cr	8.1%
DSP Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹3749.34 Cr	9.7%
DSP Midcap Fund Direct Growth Very High Risk	0.8%	1.0%	₹18712.25 Cr	2.3%
DSP Natural Resource & New Energy Fund Direct Growth Very High Risk	1.0%	0.0%	₹1291.71 Cr	-4.9%
DSP Equity Opportunities Fund Direct Growth Very High Risk	0.7%	1.0%	₹15012.64 Cr	3.2%
DSP Strategic Bond Fund Direct Growth Moderate Risk	0.5%	0.0%	₹1551.51 Cr	8.5%
DSP Savings Fund Direct Growth Moderate Risk	0.2%	0.0%	₹4226.58 Cr	7.8%
DSP Tax Saver Fund Direct Growth Very High Risk	0.7%	0.0%	₹16973.99 Cr	5.0%
DSP World Agriculture Direct Growth Very High Risk	1.5%	0.0%	₹12.18 Cr	7.1%
DSP Top 100 Equity Fund Direct Growth Very High Risk	1.0%	1.0%	₹6036.43 Cr	7.5%
DSP US Flexible Equity Fund Direct Growth Very High Risk	1.5%	0.0%	₹866.46 Cr	14.4%
DSP World Energy Direct Growth Very High Risk	1.5%	0.0%	₹84.88 Cr	5.2%
DSP World Gold Fund of Fund Direct Growth Very High Risk	1.7%	0.0%	₹1195.92 Cr	47.9%
DSP World Mining Direct Growth Very High Risk	1.5%	0.0%	₹126.67 Cr	6.3%
DSP Equity Savings Fund Direct Growth Moderately High risk	0.4%	0.0%	₹2995.31 Cr	8.7%
DSP Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹6473.70 Cr	7.5%

Risk Level

Your principal amount will be at Moderate Risk

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Still got questions?
We're here to help.

What is the current NAV of DSP Government Securities Direct Growth?

The NAV of DSP Government Securities Direct Growth, as of 11-Jul-2025, is ₹102.42.

What are the returns of DSP Government Securities Direct Growth?

The fund has generated 8.61% over the last 1 year and 8.75% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of DSP Government Securities Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 82.59% in bonds, and 17.41% in cash and cash equivalents.

Who manages the DSP Government Securities Direct Growth?

The fund managers responsible for DSP Government Securities Direct Growth are:-

Sandeep Yadav
Shantanu Godambe

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹1,904 Cr

Expense Ratio

0.57%

ISIN

INF740K01NF3

Minimum SIP

₹100

Exit Load

No Charges

Inception Date

01 Jan 2013

Risk Level

Your principal amount will be at Moderate Risk