DSP Corporate Bond Fund

CAGR since inception
Scheme Type:
  • Risk:

    Moderate Risk
  • Age:

    2 years 17 days since Sep 10, 2018
  • AUM:

    Rs. 1,101.06 crores as of Aug 31, 2020
  • Horizon:

    Short-term Horizon
  • Goal:

    Capital Growth & Income
  • Benchmark:

    CRISIL Composite Bond Fund Index
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 Aug 31, 2020

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
RELIANCE INDUSTRIES LIMITED 6.88%
NTPC LIMITED 6.88%
POWER GRID CORPORATION OF INDIA LIMITED 6.81%
POWER FINANCE CORPORATION LIMITED 6.51%
LIC HOUSING FINANCE LIMITED 5.87%
See detailed debt holdings »

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DSP Mutual Fund
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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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Vikram Chopra

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.

All Funds managed by Vikram Chopra
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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Saurabh Bhatia

Saurabh joined DSP Investment Managers as Vice President-Fixed Income in July 2017. He has more than 15 years of experience in the domestic fixed income markets. Beginning his career with sales and intermediation, he has traversed roles across fixed income verticals which include managing fixed income portfolio for a corporate treasury, government owned retirement fund and being an integral part of a private bank treasury.
In recent years, Saurabh was part of HSBC Asset Management India Pvt. Ltd, responsible to manage funds for Employees Provident Fund Organisation, Government of India along with advising Life Insurance, Non-Life Insurance and FPI's for their fixed income portfolios. His last role involved trading in fixed income instruments at Proprietary Trading Group of ICICI Bank. Saurabh holds a Bachelor's Degree in commerce from Mumbai University and a Post Graduate Diploma in Business Management from Wigan and Leigh College.

All Funds managed by Saurabh Bhatia
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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Asset Allocation for Corporate Bond Fund

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Debt holdings for Corporate Bond Fund

Bonds & NCDs98.92%

Name Rating % of Net Assets
RELIANCE INDUSTRIES LTD CRISIL AAA 6.88%
NTPC LTD CRISIL AAA 6.88%
POWER GRID CORP OF INDIA LTD CRISIL AAA 6.81%
POWER FINANCE CORP LTD CRISIL AAA 6.51%
LIC HOUSING FINANCE LTD CRISIL AAA 5.87%
HOUSING DEVELOPMENT FINANCE CORP LTD CRISIL AAA 5.85%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CARE AAA 5.62%
HINDUSTAN PETROLEUM CORP LTD CRISIL AAA 4.97%
NATIONAL HIGHWAYS AUTHORITY OF INDIA CRISIL AAA 4.93%
ULTRATECH CEMENT LTD CRISIL AAA 4.28%
INDIAN OIL CORP LTD CRISIL AAA 4.16%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CRISIL AAA 3.82%
REC LTD CRISIL AAA 3.8%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CRISIL AAA 3.62%
LARSEN & TOUBRO LTD CRISIL AAA 3.43%
NATIONAL HIGHWAYS AUTHORITY OF INDIA CRISIL AAA 2.56%
GRASIM INDUSTRIES LTD CRISIL AAA 2.43%
EXPORT-IMPORT BANK OF INDIA ICRA AAA 2.06%
EXPORT-IMPORT BANK OF INDIA CRISIL AAA 1.99%
REC LTD IND AAA 1.95%
HOUSING DEVELOPMENT FINANCE CORP LTD CRISIL AAA 1.94%
LIC HOUSING FINANCE LTD CARE AAA 1.5%
REC LTD CRISIL AAA 1.49%
RELIANCE INDUSTRIES LTD CRISIL AAA 1.42%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CARE AAA 1.01%
POWER FINANCE CORP LTD CRISIL AAA 0.99%
INDIAN RAILWAY FINANCE CORP LTD CRISIL AAA 0.69%
HOUSING DEVELOPMENT FINANCE CORP LTD CRISIL AAA 0.48%
EXPORT-IMPORT BANK OF INDIA CRISIL AAA 0.4%
LIC HOUSING FINANCE LTD CRISIL AAA 0.35%
POWER GRID CORP OF INDIA LTD CRISIL AAA 0.23%
99% of Debt instruments

TREPS1.01%

Name Rating % of Net Assets
TREPS / REVERSE REPO INVESTMENTS / CORPORATE DEBT REPO -- 1.01%
1% of Debt instruments
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DSP Corporate Bond Fund presentation

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The primary investment objective of the Scheme is to seek to generate regular income and capital appreciation commensurate with risk from a portfolio predominantly investing in corporate debt securities across maturities which are rated AA+ and above, in addition to debt instruments issued by central and state governments and money market securities.
There is no assurance that the investment objective of the Scheme will be realized

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Why you should invest

  1. Lock-in investments in Corporate Bonds at high yields and high spread over Repo - 3 Year Corporate Bond Yields have risen ~150 bps in last 1 year - The current spread over Repo is 202 bps, higher than last 5 year average by ~60 bps
  2. Interest Rate Risk would keep reducing gradually as portfolio rolls down towards maturity
  3. Investments made at 3 Year Corporate Bond Yields of 8.5-9 (current levels) have evidence of attractive >8% returns
  4. 3 Year returns of investments made at current levels - in roll-down strategy Corporate Bonds have outperformed Short Duration strategies
  5. High quality portfolio with minimum exposure to credit risk
  6. Provides investors option of liquidity* and tax efficient returns#
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