Invest in Credit Risk Fund Regular Growth Online

DSP Credit Risk Fund

This is a Debt Income, Credit Risk fund with CRISIL Credit Risk Fund CIII Index as its benchmark. The risk level for this fund is categorized as Moderately High Risk.

Total AUM

₹243.82 crores as of Sep 30, 2022

Age of Fund

19 years 4 months since May 13, 2003

Expense Ratio

1.51% as of Oct 04, 2022

Exit Load

NIL - If the units …

Ideal holding period

3 Years+

Rolling Returns

Bars show distribution of returns in given range for selected time period

View performance details

Things to know before you invest

DSP Credit Risk fund invests in a thoughtful mix of high yielding & lower-rated debt securities.
It invests in debt instruments across different credit ratings, with at least 65% in AA and below rated securities.
One of DSP's oldest debt funds with a 18 year+ track record

Earn potentially higher returns by taking risky credit exposure across corporate debt instruments over a 3 year+ investment horizon.

Consider this fund if you
- Are an experienced investor with a well-set core portfolio & know what you're doing.
- Prefer the stability of the debt market but are okay to expose yourself to credit risk.
- Are willing & able to remain invested for at least 3-5 years.
- Recognize that investing in a fund like this could also result in a short-term loss.

Credit Risk Fund carries High Risk.
High-yielding, lower rated debt securities can give higher returns but come with higher credit risk- you could lose your money if corporate get into financial trouble.
Longer-duration debt securities can generate higher returns but come with higher interest rate risk.
In rare or extreme scenarios, one may be unable to withdraw money even at a loss for short periods of time.

Fund managers:

Vivek Ramakrishnan

Managing this fund since July 2021.

See funds managed by him

Managing this fund since July 2021.

See funds managed by him

Laukik Bagwe

Managing this fund since July 2016

See funds managed by him

Managing this fund since July 2016

See funds managed by him

Vivek has a diversified experience in credit analysis and banking spanning over two decades. He started his career in finance with CRISIL as a Credit Analyst in 1995, moved on to ICICI Prudential Mutual Fund in 2001 where he worked as Credit Analyst and Fund Manager.
Thereafter, Vivek joined Standard Chartered Bank in 2004, where he worked in multiple roles in his 15 year stint which included Research (Head Fixed Income Credit Analysis, where he covered USD bonds for Asian issuers), Capital Markets and Relationship Management - in his last assignment with the Bank, he was working as an Executive Director and Head Finance Companies. He joined DSP Investment Managers as Vice President, Investments in October 2019.
Vivek is a Ph.D & Master of Science in Materials Science from University of Southern California and B.Tech from Indian Institute of Technology, Madras.

Sr. No.	Period	1 Year	3 Years	5 Years
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Sr. No.

Period

1 Year

3 Years

5 Years

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of regular plan.

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Laukik is Fund Manager with the Fixed Income Investment team of DSP Investment managers. He joined the firm in November 2007 as a Fixed Income Dealer. From November 2003 to October 2007, Laukik worked with Derivium Capital & Securities Pvt. Ltd. as the Head of Fixed Income Trading - SLR & NONSLR Broking. From June 2000 to October 2003, he worked with Birla Sunlife Securities Ltd. as a Manager-SLR & NONSLR Broking.
He brings with him a total work experience of 11 years in debt broking and is currently the fund manager for the following schemes of DSP Mutual Fund.

Sr. No.	Period	1 Year	3 Years	5 Years
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Sr. No.

Period

1 Year

3 Years

5 Years

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of regular plan.

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Portfolio

Prescribed asset allocation: 65% - 100% Investment in corporate bonds which are AA and below rated instruments , 0% - 35% Investment in other debt and money market instruments , 0% - 10% Units of REITs & InvITs

Current Allocation as of Sep 30, 2022

Equity 0%
Debt / cash 99.8%

Equity
Debt / Cash

Top holdings

No Data to display

Top Sectors

No Data to display

Top holdings

TREPS / Reverse Repo Investments / Corporate Debt Repo

16.34%

6.79% GOI 2027

10.31%

Tata Motors Limited**

8.58%

Piramal Capital & Housing Finance Limited**

8.36%

Godrej Industries Limited**

8.22%

Cash & cash equivalents

0.20%

Credit rating profile

CRISIL AA

29.10%

SOV

16.30%

Cash & Equivalent

16.30%

IND AA

14.90%

ICRA AA

14.60%

Instrument break-up

Bonds & NCDs

67.30%

TREPS

16.40%

Government Securities (Central/State)

16.30%

See all 15 holdings

Indicators

Yield to Maturity

7.00 %

Modified Duration

1.39 Years

Portfolio Macaulay Duration

1.47 Years

Average Maturity

1.62 Years

Compare Performance

Performance highlights over last

for

investment

Cumulative returns on

Annual returns

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vs Fixed Deposit

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vs Benchmark

Historical Returns (As per SEBI format)with investment of₹10,000

	This fund		CRISIL Credit Risk Fund CIII I… ^{^}		CRISIL 10 Year Gilt In… ^#
	CAGR	Current Value	CAGR	Current Value	CAGR	Current Value

Income distribution Cum Capital Withdrawal (IDCW) Distributed

Record Date	IDCW per unit	NAV Before	NAV After

Chart type

Graph viewTable view

Invested as

Invested Amount

₹

Invested since

This fund

CRISIL Credit Risk Fun…

CRISIL 10 Year Gilt In…

Gold

PPF

	Funds	Annual returns	Current Value	Absolute Growth	IDCW paid

Chart type:

Returns RangesStatistics

Invested as

Invested Amount

₹

Invested period

Funds	Minimum	Median	Maximum	% times -ve returns	% times returns > 7%

Date of allotment: May 13, 2003.

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan.

Since inception returns have been calculated from the date of allotment till June 30, 2021

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Rolling returns have been calculated based on returns from regular plan growth option.

^ Fund Benchmark # Standard Benchmark

Scheme disclaimers

Fund Details

Investment Objective

The primary investment objective is to seek 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.

Fund Type

Debt – Income

Credit Risk Fund

An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds).
A relatively high interest rate risk and relatively high credit risk.

Riskometer

Level of Risk in the fund

View details

Investors understand that their
principal will be at Moderately High Risk

Potential Risk Class Matrix : C-III

C-III is the potential risk class matrix of DSP Credit Risk Fund based on interest rate & credit risk.

Fund Documents

KIM and Applications

Name	% of Net Assets
Tata Motors Limited**	8.58%
Piramal Capital & Housing Finance Limited**	8.36%
Godrej Industries Limited**	8.22%
Nuvoco Vistas Corporation Limited**	8.20%
Shriram City Union Finance Limited**	6.52%
JSW Steel Limited**	6.40%
Tata Power Company Limited**	6.37%
Kirloskar Ferrous Industries Ltd**	6.24%
Aditya Birla Fashion and Retail Limited**	3.96%
Manappuram Finance Limited**	2.23%
Tata Power Company Limited**	2.10%

Name	% of Net Assets
6.79% GOI 2027	10.31%
5.22% GOI 2025	3.97%
5.63% GOI 2026	2.00%

Email ID	ABH************[email protected]
Mobile no.	******6665

	Folio no.	Email ID	Mobile no.
	70****76	abh************[email protected]	******6665
	42***02	abh************[email protected]	******6665

DSP Credit Risk Fund

DSP Credit Risk Fund

This is a Debt Income, Credit Risk fund with CRISIL Credit Risk Fund CIII Index as its benchmark. The risk level for this fund is categorized as Moderately High Risk.

Things to know before you invest

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