DSP Floater Fund

CAGR since inception
Scheme Type:
  • Scheme Risk:

    Low to Moderate Risk
  • Age:

    8 months since Mar 19, 2021
  • AUM:

    Rs. 3,530.69 crores as of Oct 31, 2021
  • Horizon:

    Short-term Horizon
  • Benchmark:

    CRISIL Short Term Gilt Index
  • Benchmark Risk:

    Moderate Risk
  • Goal:

    Income Generation
Scheme features

Performance

Cumulative returns

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Returns calculator

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Returns summary

Rolling returns

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Historical Returns

In SEBI format

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Portfolio as of Oct 31, 2021

Equity

Market capitalization

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Sector allocation

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Debt & debt instruments

Credit rating profile

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Instrument break-up

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Top 5 instruments by holding
Name % of Net Assets
5.15% GOI 09112025 37.14%
5.22% GOI 15062025 25.26%
TREPS / REVERSE REPO INVESTMENTS / CORPORATE DEBT REPO 20.4%
5.63% GOI 12042026 8.48%
5.88% GUJARAT SDL 31032025 7.51%
See detailed debt holdings »

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If you are investing as a HUF, enter Date of Incorporation of HUF that was entered in the KYC form.
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This instant KYC is an eKYC process as prescribed by regulations.
Investors understand that their principal will be at moderately low risk
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Investors understand that their principal will be at moderately low risk
eKYC has annual investment limit of ₹ 50,000

You can only invest upto ₹ 50,000 or start SIP of ₹ 4,000 to begin with. However, if your limits are breached, DSP will assist you to upgrade your KYC.

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DSP Mutual Fund
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You will now be directed to our KYC partner, SIGNZY, to submit your documents for verification
This instant KYC is an eKYC process as prescribed by regulations.
Investors understand that their principal will be at moderately low risk
Needs verification via OTP

After entering your Aadhaar number, you will be redirected to enter OTP so that we can get your Aadhaar details limited to only a few fields.


Investors understand that their principal will be at moderately low risk
eKYC has annual investment limit of ₹ 50,000

You can only invest upto ₹ 50,000 or start SIP of ₹ 4,000 to begin with. However, if your limits are breached, DSP will assist you to upgrade your KYC.

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Kedar Karnik

Kedar joined DSP Investment Managers from Axis Asset Management and has over 10 years of investment experience. He has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies. He has over a decade of investment experience. He has previously worked with HSBC Asset Management and CRISIL Ltd.

Note:
Mr. Kedar Karnik is managing DSP Arbitrage Fund with effect from June 16, 2020.

All Funds managed by Kedar Karnik
Sr. No. Period 1 Year 3 Years 5 Years

Period for which scheme's performance has been provided is computed basis 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

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Laukik Bagwe

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.

Note:
Mr. Laukik Bagwe is managing DSP Low Duration Fund with effect from June 16, 2020.

All Funds managed by Laukik Bagwe
Sr. No. Period 1 Year 3 Years 5 Years

Period for which scheme's performance has been provided is computed basis 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

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Debt holdings for Floater Fund

Government Securities (Central/State)87.32%

Name Rating % of Net Assets
5.15% GOI 09112025 SOV 37.14%
5.22% GOI 15062025 SOV 25.26%
5.63% GOI 12042026 SOV 8.48%
5.88% GUJARAT SDL 31032025 SOV 7.51%
6.69% MADHYA PRADESH SDL 17032025 SOV 3.84%
7.59% GOI 11012026 SOV 3.09%
8.03% GUJARAT SDL 16042025 SOV 1.53%
8.20% GUJARAT SDL 24062025 SOV 0.47%
81.1% of Debt instruments

TREPS20.4%

Name Rating % of Net Assets
TREPS / REVERSE REPO INVESTMENTS / CORPORATE DEBT REPO -- 20.4%
18.9% of Debt instruments

Interest Rate Swaps

Disclosure in Derivatives Industry Notional Value % of Net Assets
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 3,500,000,000 0.09%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 2,750,000,000 0.07%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 2,500,000,000 0.06%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 2,000,000,000 0.04%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 1,500,000,000 0.03%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 1,500,000,000 0.03%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 1,250,000,000 0.02%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 1,750,000,000 0.02%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 750,000,000 0.02%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 1,000,000,000 0.02%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 1,000,000,000 0.02%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 500,000,000 0.01%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 2,250,000,000 0.01%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 500,000,000 0.01%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 500,000,000 0.01%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 500,000,000 0.01%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 500,000,000 0.01%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 500,000,000 0.01%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 500,000,000 0.00%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 500,000,000 0.00%
INTEREST RATE SWAPS PAY FIXED AND RECEIVE FLOATING OTHERS 3,500,000,000 0.00%
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DSP Floater Fund presentation

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The primary objective of the scheme is to generate regular income through investment predominantly in floating rate and fixed rate debt instruments (including money market instruments).
However, there is no assurance that the investment objective of the scheme will be realized.

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Why you should invest

  1. Navigating Rate Cycle - Fund with potential to gain from fall in interest rate as well as enabler to shield portfolio returns in times of reversal of interest rate cycle.
  2. Relatively Stable return - One-stop investment destination for investors without worrying about changes in interest rate cycles.
  3. Relatively no credit risk - Fund seeks to invest only in Sovereign securities (Government Securities/State Development Loans -SDL) thereby having almost no credit risk. This will suit investor seeking low risk alternative to fixed deposits.
  4. Benefit of Active + Passive Fund management - Active management in paid position in OIS with roll down strategy in G-Sec/SDL provides benefit of both active & passive fund management.
  5. Meeting expectation from Fixed Income - The fund aids to tick the right boxes for meeting expectation from Fixed income i.e. Liquidity, Predictability, Returns & Lower volatility.
  6. Differentiated Offering - One of kind product in short term category with interest rate hedge using paid position in Overnight Index Swap (OIS).
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