DSP Dynamic Asset Allocation Fund

This is a Hybrid, Dynamic Asset Allocation fund with CRISIL Hybrid 50+50 - Moderate Index as its benchmark. The risk level for this fund is categorized as Moderately High Risk.

Total AUM

₹4,548.34 crores as of May 31, 2022

Age of Fund

8 years 4 months since Feb 06, 2014

Expense Ratio

0.62% as of Jun 24, 2022

Exit Load

NIL - If the units …

Ideal holding period

Long-term Horizon

Holdings

as of May 31, 2022

ICICI Bank Limited

3.76%

Infosys Limited

3.06%

Bajaj Finance Limited

3.03%

HDFC Bank Limited

2.80%

Avenue Supermarts Limited

2.49%

Bajaj Finserv Limited

2.06%

Maruti Suzuki India Limited

1.57%

See all 43 holdings

Rolling Returns

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

View performance details

Things to know before you invest

This smart rules-based fund (also called Balanced Advantage Fund by some) invests in a mix of equity & debt instruments.
It responds to changing market conditions & adjusts the equity-debt balance dynamically.
As the market starts rising & stock valuations turn frothy, it reduces equity exposure & when markets fall, it looks to increase equity exposure to follow the basic investment principle of 'buy low, sell high'.

It helps you invest unemotionally by 'doing what it needs to', instead of you having to react to changing markets.
It offers you 'built-in-advice' & actions it on your behalf.
Offers the potential to grow your wealth by investing in equities but with a smoother long-term investment journey.
It tries to reduce the impact of market fluctuations in the portfolio.
Potential capital preservation during falling markets through debt allocation.

Consider this fund if you
- Want to invest in the equity markets but don't know how to begin.
- Believe that rules make life better & understand that an unemotional asset allocation strategy has more chances of success than market timing.
- Get confused by the noise when markets fluctuate.
- Have the patience & mental resilience to remain invested despite ups & downs.
- Recognize market falls as good times to invest even more.
- Recognize equity investing means exposure to risk.
- Are not looking to chase the highest returns.

This fund carries Very High Risk.
Dynamic asset allocation will not remove the risks arising from market falls altogether, it aims to reduce the impact & smoothen your journey.
This fund will not help you time the markets.
This fund may under-perform the equity market during sudden bull-runs.

Fund managers:

Atul Bhole

Managing this fund since February 2018.

See funds managed by him

Managing this fund since February 2018.

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

Abhishek Ghosh

Managing this fund since January 2021.

See funds managed by him

Managing this fund since January 2021.

See funds managed by him

Atul R Bhole has over 10 Years of experience and joined DSP Investment Managers in May 2016 as Vice President-Investments.

Atul previously worked with Tata Asset Management Ltd from Feb-07 till April-16 in the investment function. He worked as fund manager from April'11 onwards managing Tata Balanced Fund, Tata Midcap Growth Fund, Tata Equity P/E Fund along with few other funds. For the initial 4 years with Tata AMC, he worked as Equity Research Analyst covering IT, Telecom and BFSI sectors.

From Nov-06 to Feb-07, he worked with JP Morgan Services (India) Pvt. Ltd. as Equity Research Analyst assisting track telecom companies In APac region. Before that from Jun-05 to Oct-06, he was with State Bank of India in the Treasury Dept working as an equity research analyst.

Atul is a Chartered Accountant and has done MMS (Finance) from JBIMS, Mumbai and B.Com. from Mumbai University.

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

Abhishek has a total work experience of 14 years.
Abhishek has joined DSP investment managers in September 2018 as Assistant Vice President in equity team. His prior experience includes working in Motilal Oswal, Idfc Securities, BNP Paribas, B&K securities and Edelweiss Financial Services.
He has done MBA in finance and holds a Bachelor degree in Electronics Engineering.

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% Equity & Equity related instruments including derivatives , 0% - 35% Debt and money market instruments

Current Allocation as of May 31, 2022

Equity 66.72%
Debt / cash 32.56%

Equity
Debt / Cash

Top holdings

ICICI Bank Limited

3.76%

Infosys Limited

3.06%

Bajaj Finance Limited

3.03%

HDFC Bank Limited

2.80%

Avenue Supermarts Limited

2.49%

Allocation by Market Cap

Large Cap

70.20%

Mid Cap

25.70%

Small Cap

4.00%

Uncategorized

0.10%

Top Sectors

Banks

7.33%

Finance

5.94%

It - Software

5.41%

Industrial Products

3.06%

Automobiles

3.05%

Arbitrage (cash Long)

25.73%

See all 43 holdings

Top holdings

5.22% GOI 15062025

2.69%

Indian Oil Corporation Limited

2.19%

TREPS / Reverse Repo Investments / Corporate Debt Repo

2.02%

REC Limited**

1.70%

Small Industries Development Bank of India**

1.57%

Cash & cash equivalents

0.72%

Credit rating profile

SOV

39.60%

CRISIL AAA

31.10%

CRISIL A1+

9.80%

IND A1+

6.20%

Cash & Equivalent

6.10%

Instrument break-up

Money market instruments

39.00%

Bonds & NCDs

37.90%

Government Securities (Central/State)

16.90%

TREPS

6.20%

See all 36 holdings

Indicators

Yield to Maturity

5.83 %

Modified Duration

0.85 Years

Portfolio Macaulay Duration

0.89 Years

Average Maturity

0.93 Years

Portfolio turnover ratio - Directional Equity

0.18 last 12 months

Standard Deviation

10.93 %

Sharpe Ratio

0.33

Beta

0.94

R-Squared

87.67 %

Compare Performance

Performance highlights over last

for

investment

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Annual returns

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Min CAGR:

MedianCAGR:

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Good Returns

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vs Fixed Deposit

vs Category

vs Benchmark

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

	This fund		CRISIL Hybrid 50+50 - … ^{^}		NIFTY 50 TRI ^#
	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 Hybrid 50+50 - …

NIFTY 50 TRI

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: Feb 06, 2014.

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 Direct 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 investment objective of the Scheme is to seek capital appreciation by managing the asset allocation between equity and fixed income securities. The Scheme will dynamically manage the asset allocation between equity and fixed income based on the relative valuation of equity and debt markets.
The Scheme intends to generate long-term capital appreciation by investing in equity and equity related instruments and seeks to generate income through investments in fixed income securities and by using arbitrage and other derivative strategies.
However, there can be no assurance that t ...more

Fund Type

Hybrid

Dynamic Asset Allocation

An open ended dynamic asset allocation fund

Riskometer

Level of Risk in the fund

View details

Investors understand that their
principal will be at Moderately High Risk

Minimum Investment

Rs. 500 Lumpsum
Rs. 500 SIP– 12 instalments
Rs. 500 Minimum Additional Purchase

Fund Documents

Fund presentation

KIM and Applications

Name	% of Net Assets
Infosys Limited	3.06%
Larsen & Toubro Infotech Limited	1.09%
MphasiS Limited	0.78%
HCL Technologies Limited	0.48%

Name	% of Net Assets
Polycab India Limited	0.93%
APL Apollo Tubes Limited	0.77%
Bharat Forge Limited	0.63%
Supreme Industries Limited	0.60%
EPL Limited	0.13%

Name	% of Net Assets
Maruti Suzuki India Limited	1.57%
Tata Motors Limited	1.48%

Name	% of Net Assets
Max Financial Services Limited	0.99%
HDFC Life Insurance Company Limited	0.69%
ICICI Lombard General Insurance Company Limited	0.55%
Life Insurance Corporation of India	0.04%

Name	% of Net Assets
Asian Paints Limited	0.74%
Century Plyboards (India) Limited	0.63%
Havells India Limited	0.60%

DSP Dynamic Asset Allocation Fund

DSP Dynamic Asset Allocation Fund

This is a Hybrid, Dynamic Asset Allocation fund with CRISIL Hybrid 50+50 - Moderate Index as its benchmark. The risk level for this fund is categorized as Moderately High Risk.

Things to know before you invest

Fund managers:

Portfolio

Compare Performance

Fund Details

Fund Details

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Name	% of Net Assets
UltraTech Cement Limited	0.95%
Dalmia Bharat Limited	0.67%
JK Cement Limited	0.23%

Name	% of Net Assets
Balkrishna Industries Limited	0.64%
Minda Industries Limited	0.58%
Schaeffler India Limited	0.41%
Motherson Sumi Systems Limited	0.22%

Name	% of Net Assets
Alkem Laboratories Limited	0.63%
Divi's Laboratories Limited	0.58%
Dr. Reddy's Laboratories Limited	0.22%

Name	% of Net Assets
Small Industries Development Bank of India**	1.57%
Axis Bank Limited**	1.57%
364 DAY T-BILL 16062022	1.10%
364 DAY T-BILL 24112022	1.07%
Bank of Baroda**	1.05%
364 DAY T-BILL 16032023	1.05%
HDFC Bank Limited**	1.05%
182 DAY T-BILL 16062022	1.03%
182 DAY T-BILL 04082022	0.78%
182 DAY T-BILL 21072022	0.76%
182 DAY T-BILL 08092022	0.54%
364 DAY T-BILL 02032023	0.53%
182 DAY T-BILL 25082022	0.39%
364 DAY T-BILL 02112022	0.21%

Name	% of Net Assets
5.22% GOI 15062025	2.69%
7.37% GOI 16042023	1.12%
7.35% GOI 22062024	0.58%
7.32% GOI 28012024	0.57%
5.39% Gujarat SDL 31032024	0.54%

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 Dynamic Asset Allocation Fund

DSP Dynamic Asset Allocation Fund Regular - Growth Regular - Monthly IDCW Direct - Growth Direct - Monthly IDCW

This is a Hybrid, Dynamic Asset Allocation fund with CRISIL Hybrid 50+50 - Moderate Index as its benchmark. The risk level for this fund is categorized as Moderately High Risk.

Things to know before you invest

Fund managers:

Portfolio

Compare Performance

Fund Details

Fund Details

DSP Dynamic Asset Allocation Fund