DSP Ultra Short Fund Direct Growth

Fund Overview

Fund Size

₹3,062 Cr

Expense Ratio

0.30%

ISIN

INF740K01ON5

Minimum SIP

₹100

Exit Load

No Charges

Inception Date

01 Jan 2013

About this fund

DSP Ultra Short Fund Direct Growth is a Ultra Short Duration mutual fund schemes offered by DSP Mutual Fund. This fund has been in existence for 11 years, 11 months and 12 days, having been launched on 01-Jan-13.
As of 12-Dec-24, it has a Net Asset Value (NAV) of ₹3544.24, Assets Under Management (AUM) of 3061.99 Crores, and an expense ratio of 0.3%.

DSP Ultra Short Fund Direct Growth has given a CAGR return of 7.11% since inception.
The fund's asset allocation comprises around 0.00% in equities, 35.14% in debts, and 64.63% in cash & cash equivalents.
You can start investing in DSP Ultra Short 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

+7.74%

+6.97% (Cat Avg.)

3 Years

+6.61%

+6.00% (Cat Avg.)

5 Years

+5.78%

+5.30% (Cat Avg.)

10 Years

+6.64%

+5.57% (Cat Avg.)

Since Inception

+7.11%

— (Cat Avg.)

Portfolio Summaryas of 30th November 2024

Debt	₹1,076.08 Cr	35.14%
Others	₹1,985.91 Cr	64.86%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Treps / Reverse Repo Investments	Cash - Repurchase Agreement	₹239.1 Cr	7.81%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹153.09 Cr	5.00%
364 DTB 05122024	Bond - Gov't/Treasury	₹124.91 Cr	4.08%
182 DTB 23012025	Bond - Gov't/Treasury	₹99.07 Cr	3.24%
Punjab National Bank	Cash - CD/Time Deposit	₹98.81 Cr	3.23%
Bank Of Baroda	Cash - CD/Time Deposit	₹96.75 Cr	3.16%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)	Cash - CD/Time Deposit	₹73.6 Cr	2.40%
Motilal Oswal Financial Services Ltd	Cash - Commercial Paper	₹73.33 Cr	2.39%
182 DTB 30012025	Bond - Gov't/Treasury	₹59.37 Cr	1.94%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹55.97 Cr	1.83%
The Tata Power Company Limited	Bond - Corporate Bond	₹53.51 Cr	1.75%
Can Fin Homes Limited	Bond - Corporate Bond	₹52.41 Cr	1.71%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹52.3 Cr	1.71%
Tata Capital Limited	Bond - Corporate Bond	₹52.05 Cr	1.70%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹51.61 Cr	1.69%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹51.1 Cr	1.67%
Sundaram Finance Limited	Bond - Corporate Bond	₹51 Cr	1.67%
HDFC Bank Limited	Bond - Corporate Bond	₹49.98 Cr	1.63%
Iifl Finance Limited	Cash - Commercial Paper	₹49.87 Cr	1.63%
IDFC First Bank Ltd.	Cash - CD/Time Deposit	₹49.17 Cr	1.61%
Axis Bank Limited	Cash - CD/Time Deposit	₹49.15 Cr	1.61%
Hero Fincorp Limited	Cash - Commercial Paper	₹49.03 Cr	1.60%
Axis Bank Limited	Cash - CD/Time Deposit	₹48.17 Cr	1.57%
National Bank For Agriculture And Rural Development	Cash - Commercial Paper	₹47.99 Cr	1.57%
Axis Bank Limited	Cash - CD/Time Deposit	₹47.76 Cr	1.56%
Axis Bank Limited	Cash - CD/Time Deposit	₹47.75 Cr	1.56%
The Federal Bank Limited	Cash - CD/Time Deposit	₹47.54 Cr	1.55%
Canara Bank	Cash - CD/Time Deposit	₹47.32 Cr	1.55%
HDFC Bank Limited	Cash - CD/Time Deposit	₹47.15 Cr	1.54%
Au Small Finance Bank Limited	Cash - CD/Time Deposit	₹47 Cr	1.53%
IDFC Bank Limited	Cash - CD/Time Deposit	₹46.6 Cr	1.52%
IDFC First Bank Limited	Cash - CD/Time Deposit	₹46.5 Cr	1.52%
Federal Bank Ltd.	Bond - Corporate Bond	₹46.47 Cr	1.52%
Power Finance Corporation Limited	Bond - Corporate Bond	₹41.63 Cr	1.36%
Power Finance Corporation Limited	Bond - Corporate Bond	₹41.4 Cr	1.35%
INDIA UNIVERSAL TRUST AL1	Bond - Asset Backed	₹40.71 Cr	1.33%
0% Goi 2026	Bond - Gov't/Treasury	₹39.85 Cr	1.30%
Muthoot Finance Limited	Bond - Corporate Bond	₹30.66 Cr	1.00%
LIC Housing Finance Limited	Bond - Corporate Bond	₹26.53 Cr	0.87%
Hdb Financial Services Limited	Bond - Corporate Bond	₹26.41 Cr	0.86%
Rec Limited	Bond - Corporate Bond	₹26.26 Cr	0.86%
Cholamandalam Investment And Finance Company Limited	Bond - Corporate Bond	₹26.2 Cr	0.86%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹25.81 Cr	0.84%
Rec Limited	Bond - Corporate Bond	₹25.78 Cr	0.84%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹25.7 Cr	0.84%
Power Finance Corporation Limited	Bond - Corporate Bond	₹25.69 Cr	0.84%
Aditya Birla Renewables Limited	Bond - Corporate Bond	₹25.55 Cr	0.83%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹25.55 Cr	0.83%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹25.52 Cr	0.83%
Power Finance Corporation Limited	Bond - Corporate Bond	₹25.33 Cr	0.83%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹25.27 Cr	0.83%
Small Industries Development Bank Of India	Cash - CD/Time Deposit	₹24.78 Cr	0.81%
Indostar Capital Finance Limited	Cash - Commercial Paper	₹24.74 Cr	0.81%
HDFC Bank Limited	Cash - CD/Time Deposit	₹24.69 Cr	0.81%
Nexus Select Trust	Cash - Commercial Paper	₹24.63 Cr	0.80%
Indostar Capital Finance Limited	Cash - Commercial Paper	₹24.47 Cr	0.80%
182 DTB 01052025	Bond - Gov't/Treasury	₹24.34 Cr	0.79%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)	Cash - CD/Time Deposit	₹24.22 Cr	0.79%
HDFC Bank Limited	Cash - CD/Time Deposit	₹24.1 Cr	0.79%
Axis Bank Limited	Cash - CD/Time Deposit	₹24.08 Cr	0.79%
Small Industries Development Bank Of India	Cash - CD/Time Deposit	₹24.06 Cr	0.79%
Fedbank Financial Services Ltd	Cash - Commercial Paper	₹24.04 Cr	0.79%
Canara Bank	Cash - CD/Time Deposit	₹23.66 Cr	0.77%
Axis Bank Limited	Cash - CD/Time Deposit	₹23.64 Cr	0.77%
Net Receivables/Payables	Cash	₹-11.31 Cr	0.37%
Export Import Bank Of India	Bond - Corporate Bond	₹10.62 Cr	0.35%
SBI Funds Management Pvt Ltd/Fund Parent	Mutual Fund - Open End	₹6.99 Cr	0.23%
Axis Bank Limited	Cash - CD/Time Deposit	₹4.96 Cr	0.16%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Corporate Bond	₹1,129.39 Cr	36.88%
Cash - CD/Time Deposit	₹991.47 Cr	32.38%
Bond - Gov't/Treasury	₹347.54 Cr	11.35%
Cash - Commercial Paper	₹318.1 Cr	10.39%
Cash - Repurchase Agreement	₹239.1 Cr	7.81%
Bond - Asset Backed	₹40.71 Cr	1.33%
Cash	₹-11.31 Cr	0.37%
Mutual Fund - Open End	₹6.99 Cr	0.23%

Risk & Performance Ratios

Fund Managers

Laukik Bagwe

Since August 2024

Karan Mundhra

Since May 2021

Additional Scheme Detailsas of 30th November 2024

ISIN

INF740K01ON5

Expense Ratio

0.30%

Exit Load

No Charges

Fund Size

₹3,062 Cr

Age

11 years 11 months

Lumpsum Minimum

₹100

Fund Status

Open Ended Investment Company

Benchmark

CRISIL Ultra Short Duration Debt 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 Ultra Short Duration Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
PGIM India Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.9%	0.0%	₹241.25 Cr	6.9%
Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk	0.9%	0.0%	₹602.13 Cr	6.8%
Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.5%	0.0%	₹1339.32 Cr	7.5%
Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1339.32 Cr	7.7%
LIC MF Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹246.19 Cr	7.7%
LIC MF Ultra Short Duration Fund Regular Growth Moderate Risk	0.9%	0.0%	₹246.19 Cr	6.9%
UTI Ultra Short Term Fund Regular Growth Moderate Risk	0.9%	0.0%	₹3046.30 Cr	7.2%
Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk	1.1%	0.0%	₹7783.29 Cr	7.2%
Mahindra Manulife Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹222.52 Cr	7.3%
Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹222.52 Cr	7.8%

About the AMC

DSP Mutual Fund

+91 18002084499

https://www.dspim.com/

Total AUM

₹1,88,524 Cr

Address

West Wing, 11th Floor, Mumbai, 400021

Other Funds by DSP Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
DSP Multicap Fund Direct Growth Low Risk	0.5%	1.0%	₹1756.94 Cr	-
DSP Nifty Smallcap250 Quality 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹180.58 Cr	-
DSP Banking & Financial Services Fund Direct Growth Very High Risk	0.7%	0.0%	₹992.59 Cr	24.5%
DSP Gold ETF Fund of Fund Direct Growth High Risk	0.6%	0.0%	₹42.85 Cr	25.4%
DSP Multi Asset Allocation Fund Direct Growth Very High Risk	0.3%	1.0%	₹2273.39 Cr	24.3%
DSP FMP - Series 264 - 60M - 17D Direct Growth Low to Moderate Risk	-	0.0%	₹49.14 Cr	8.7%
DSP FMP Series 267 - 1246 Days Direct Growth Low to Moderate Risk	-	0.0%	₹660.62 Cr	8.2%
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%	-	8.2%
DSP FMP Series 268 - 1281 Days Direct Growth Low to Moderate Risk	-	-	-	8.3%
DSP FMP Series 252 38 Month Direct Growth Moderate Risk	-	0.0%	-	-
DSP Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹3075.62 Cr	9.5%
DSP Dynamic Asset Allocation Fund Direct Growth Moderately High risk	0.7%	1.0%	₹3200.61 Cr	17.8%
DSP Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹2333.78 Cr	6.7%
DSP Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹655.82 Cr	18.5%
DSP Nifty Next 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹902.86 Cr	44.1%
DSP Healthcare Fund Direct Growth Very High Risk	0.6%	0.0%	₹3248.80 Cr	48.2%
DSP Global Allocation Fund Direct Growth Very High Risk	1.5%	0.0%	₹54.34 Cr	18.8%
DSP Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹5505.46 Cr	7.9%
DSP Value Fund Direct Growth Very High Risk	0.9%	1.0%	₹910.36 Cr	29.2%
DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2222.36 Cr	9.0%
DSP Bond Fund Direct Growth Moderately High risk	0.3%	0.0%	₹378.52 Cr	8.7%
DSP Flexi Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹11765.48 Cr	28.7%
DSP Government Securities Direct Growth Moderate Risk	0.6%	0.0%	₹1538.68 Cr	12.1%
DSP Equity & Bond Fund Direct Growth Very High Risk	0.7%	1.0%	₹10327.37 Cr	24.8%
DSP Focus Fund Direct Growth Very High Risk	1.0%	1.0%	₹2523.12 Cr	28.3%
DSP Credit Risk Fund Direct Growth Moderately High risk	0.4%	1.0%	₹188.49 Cr	8.8%
DSP India TIGER Fund Direct Growth Very High Risk	0.8%	1.0%	₹5515.28 Cr	46.6%
DSP Liquidity Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹22864.39 Cr	7.5%
DSP Regular Saving Fund Direct Growth Moderately High risk	0.5%	0.0%	₹180.31 Cr	13.4%
DSP Small Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹16307.28 Cr	33.7%
DSP Ultra Short Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹3061.99 Cr	7.7%
DSP Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹2848.09 Cr	8.7%
DSP Midcap Fund Direct Growth Very High Risk	0.8%	1.0%	₹19215.83 Cr	31.3%
DSP Natural Resource & New Energy Fund Direct Growth Very High Risk	1.0%	0.0%	₹1256.52 Cr	33.0%
DSP Equity Opportunities Fund Direct Growth Very High Risk	0.7%	1.0%	₹14022.78 Cr	33.5%
DSP Strategic Bond Fund Direct Growth Moderate Risk	0.5%	0.0%	₹1927.28 Cr	11.8%
DSP Savings Fund Direct Growth Moderate Risk	0.2%	0.0%	₹4210.90 Cr	7.7%
DSP Tax Saver Fund Direct Growth Very High Risk	0.8%	0.0%	₹16835.11 Cr	34.1%
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	1.1%	1.0%	₹4529.98 Cr	28.3%
DSP US Flexible Equity Fund Direct Growth Very High Risk	1.5%	0.0%	₹852.79 Cr	25.7%
DSP World Energy Direct Growth Very High Risk	1.5%	0.0%	₹131.32 Cr	3.6%
DSP World Gold Fund of Fund Direct Growth Very High Risk	1.7%	0.0%	₹1120.06 Cr	37.0%
DSP World Mining Direct Growth Very High Risk	1.5%	0.0%	₹141.35 Cr	10.1%
DSP Equity Savings Fund Direct Growth Moderate Risk	0.4%	0.0%	₹2258.22 Cr	15.0%
DSP Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹5971.16 Cr	8.2%
DSP Corporate Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹2546.10 Cr	8.3%
DSP 10Y G-Sec Fund Direct Growth Moderate Risk	0.3%	0.0%	₹56.31 Cr	10.1%
DSP Nifty SDL Plus G-Sec Sep 2027 50:50 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹92.05 Cr	8.8%

Risk Level

Your principal amount will be at Low to Moderate Risk

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Still got questions?
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What is the current NAV of DSP Ultra Short Fund Direct Growth?

The NAV of DSP Ultra Short Fund Direct Growth, as of 12-Dec-2024, is ₹3544.24.

What are the returns of DSP Ultra Short Fund Direct Growth?

The fund has generated 7.74% over the last 1 year and 6.61% 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 Ultra Short Fund Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 35.14% in bonds, and 64.63% in cash and cash equivalents.

Who manages the DSP Ultra Short Fund Direct Growth?

The fund managers responsible for DSP Ultra Short Fund Direct Growth are:-

Laukik Bagwe
Karan Mundhra

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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DSP Ultra Short Fund Direct Growth

Fund Overview