DSP Government Securities Fund

This is a Debt Government Securities, Gilt fund with Crisil Dynamic Gilt Index as its benchmark. The risk level for this fund is categorized as Low to Moderate Risk.

Total AUM

₹412.37 crores as of Apr 30, 2022

Age of Fund

22 years 7 months since Sep 30, 1999

Expense Ratio

1.06% as of May 23, 2022

Exit Load

Nil

Ideal holding period

Long-term Horizon

Rolling Returns

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

View performance details

Things to know before you invest

This fund invests in debt securities issued by the Government of India, with a portfolio duration of 1-10 years.
It invests 100% in sovereign debt (the highest quality debt securities available in the Indian market, considered to be safe havens even during periods of economic turmoil as they carry little risk of default).
It is a highly liquid portfolio with actively managed portfolio duration based on future interest rate movement predictions (lower duration in rising interest rates market and vice versa).
One of DSP's oldest debt funds with a 22 year+ track record.

This is a quality debt fund, since the entire portfolio is made of government-backed securities.
Can help you navigate rising or falling interest rate scenarios.
Earn potentially better returns than bank FDs.
Suitable for long term & relatively safe debt allocation for a 5 year+ investment horizon.

Consider this fund if you
- Prefer the stability of the debt market but are okay to expose yourself to interest rate risk.
- Understand and trust the fund manager's ability to judge the direction of interest rates.
- Don't want to expose yourself to credit risk.
- Understand the basics of debt investing.

This scheme carries Moderate Risk.
Even though this is a debt scheme, in rare circumstances, investment losses may be possible.
This is not an equity-oriented fund, so do not expect very high returns.
Longer duration debt securities could generate higher returns but come with higher interest rate risk.

Fund managers:

Vikram Chopra

Managing this fund since July 2016.

See funds managed by him

Managing this fund since July 2016.

See funds managed by him

Laukik Bagwe

Managing this fund since July 2021.

See funds managed by him

Managing this fund since July 2021.

See funds managed by him

Vikram joined DSP Investment Managers from L&T Investment Management and brings with him over 14 years of investment experience. He has also previously worked with Fidelity, IDBI Bank and Axis Bank Ltd.

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: 80% - 100% Central Government Securities, repos/reverse repos in Central Government Securities as may be permitted by RBI , 0% - 20% Call money market or alternative investment for call money market as may be provided by the Reserve Bank of India

Current Allocation as of Apr 30, 2022

Equity 0%
Debt / cash 99.9%

Equity
Debt / Cash

Top holdings

No Data to display

Top Sectors

No Data to display

Top holdings

91 DAY T-BILL 05052022

36.36%

TREPS / Reverse Repo Investments / Corporate Debt Repo

23.84%

6.54% GOI 17012032

11.85%

5.63% GOI 12042026

8.85%

5.74% GOI 15112026

6.61%

Cash & cash equivalents

0.10%

Credit rating profile

SOV

76.20%

Cash & Equivalent

23.80%

Instrument break-up

Government Securities (Central/State)

39.70%

Money market instruments

36.40%

TREPS

23.90%

See all 7 holdings

Indicators

Yield to Maturity

4.93 %

Modified Duration

1.77 Years

Portfolio Macaulay Duration

1.83 Years

Average Maturity

2.26 Years

Compare Performance

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

	This fund		Crisil Dynamic Gilt In… ^{^}		CRISIL 10 Year Gilt In… ^#
	CAGR	Current Value	CAGR	Current Value	CAGR	Current Value

Income distribution Cum Capital Withdrawal (IDCW) Distributed

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Invested as

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Invested since

This fund

Crisil Dynamic Gilt In…

CRISIL 10 Year Gilt In…

Gold

PPF

	Funds	Annual returns	Current Value	Absolute Growth	IDCW paid

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

Date of allotment: Sep 30, 1999.

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 objective of the Scheme is to generate income through investment in Central Government Securities of various maturities.

There is no assurance that the investment objective of the Scheme will be realized.

Fund Type

Debt – Government Securities

Gilt Fund

An open ended debt scheme investing in government securities across maturity.
A relatively high interest rate risk and relatively low credit risk.

Riskometer

Level of Risk in the fund

View details