DSP Dynamic Asset Allocation Fund
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CAGR since inception
Scheme Type:
  • Risk:

    Moderate Risk
  • Age:

    7 years 5 months since Feb 06, 2014
  • AUM:

    Rs. 4,046.26 crores as of Jul 31, 2021
  • Horizon:

    Long-term Horizon
  • Goal:

    Capital Appreciation
  • Benchmark:

    CRISIL Hybrid 35+65 - Aggressive
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 Jul 31, 2021

Equity

Market capitalization

No data to display

Sector allocation

No data to display
Top 5 stocks by holding
Name % of Net Assets
ICICI BANK LIMITED 2.27%
INFOSYS LIMITED 1.76%
HDFC BANK LIMITED 1.58%
BAJAJ FINANCE LIMITED 1.39%
ASIAN PAINTS LIMITED 1.25%
See detailed equity holdings »

Debt & debt instruments

Credit rating profile

No data to display

Instrument break-up

No data to display
Top 5 instruments by holding
Name % of Net Assets
5.09% GOI 13042022 4.81%
TREPS / REVERSE REPO INVESTMENTS / CORPORATE DEBT REPO 3.62%
INDIAN OIL CORPORATION LIMITED** 2.52%
8.20% GOI 15022022 2.36%
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED** 1.92%
See detailed debt holdings »

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eKYC has annual investment limit of ₹ 50,000

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Atul Bhole

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 has done MMS (Finance) from JBIMS, Mumbai. He has also cleared CA Final exam and B.Com. from Mumbai University.

All Funds managed by Atul Bhole
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.

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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Abhishek Ghosh

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.

All Funds managed by Abhishek Ghosh
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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Equity holdings for Dynamic Asset Allocation Fund

Equity - Directional
29.9%

Banks
5.36%

Name % of Net Assets
ICICI BANK LIMITED 2.27%
HDFC BANK LIMITED 1.58%
AXIS BANK LIMITED 0.84%
KOTAK MAHINDRA BANK LIMITED 0.67%

Insurance
3.01%

Name % of Net Assets
BAJAJ FINSERV LIMITED 1.03%
ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED 0.72%
MAX FINANCIAL SERVICES LIMITED 0.71%
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED 0.32%
HDFC LIFE INSURANCE COMPANY LIMITED 0.23%

Finance
2.82%

Name % of Net Assets
BAJAJ FINANCE LIMITED 1.39%
SBI CARDS AND PAYMENT SERVICES LIMITED 0.82%
MUTHOOT FINANCE LIMITED 0.61%

Software
2.55%

Name % of Net Assets
INFOSYS LIMITED 1.76%
HCL TECHNOLOGIES LIMITED 0.79%

Pharmaceuticals
1.86%

Name % of Net Assets
DR. REDDY'S LABORATORIES LIMITED 1%
ALKEM LABORATORIES LIMITED 0.45%
DIVI'S LABORATORIES LIMITED 0.41%

Consumer Non Durables
1.83%

Name % of Net Assets
ASIAN PAINTS LIMITED 1.25%
RADICO KHAITAN LIMITED 0.58%

Gas
1.79%

Name % of Net Assets
GUJARAT GAS LIMITED 1.14%
INDRAPRASTHA GAS LIMITED 0.65%

Cement & Cement Products
1.78%

Name % of Net Assets
ULTRATECH CEMENT LIMITED 1.08%
DALMIA BHARAT LIMITED 0.7%

Consumer Durables
1.75%

Name % of Net Assets
CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED 0.7%
VOLTAS LIMITED 0.58%
CENTURY PLYBOARDS (INDIA) LIMITED 0.47%

Industrial Products
1.68%

Name % of Net Assets
POLYCAB INDIA LIMITED 1%
BHARAT FORGE LIMITED 0.46%
EPL LIMITED 0.22%

Auto Ancillaries
1.52%

Name % of Net Assets
MOTHERSON SUMI SYSTEMS LIMITED 0.99%
MINDA INDUSTRIES LIMITED 0.53%

Retailing
1.44%

Name % of Net Assets
AVENUE SUPERMARTS LIMITED 1.09%
V-MART RETAIL LIMITED 0.35%

Telecom - Services
0.99%

Name % of Net Assets
BHARTI AIRTEL LIMITED 0.99%

Ferrous Metals
0.83%

Name % of Net Assets
TATA STEEL LIMITED 0.83%

Fertilisers
0.4%

Name % of Net Assets
COROMANDEL INTERNATIONAL LIMITED 0.4%

Capital Markets
0.29%

Name % of Net Assets
HDFC ASSET MANAGEMENT COMPANY LIMITED 0.29%

Arbitrage (Cash Long)
35.46%

Name % of Net Assets
CIPLA LIMITED Pharmaceuticals *
DEEPAK NITRITE LIMITED AUG21** Stock Futures *
BOSCH LIMITED AUG21** Stock Futures *
COROMANDEL INTERNATIONAL LIMITED AUG21** Stock Futures *
INFO EDGE (INDIA) LIMITED Retailing *
COROMANDEL INTERNATIONAL LIMITED Fertilisers *
ALEMBIC PHARMACEUTICALS LIMITED Pharmaceuticals *
BOSCH LIMITED Auto Ancillaries *
ALEMBIC PHARMACEUTICALS LIMITED AUG21** Stock Futures *
CIPLA LIMITED AUG21** Stock Futures *
GAIL (INDIA) LIMITED Gas *
DEEPAK NITRITE LIMITED Chemicals *
UNITED BREWERIES LIMITED Consumer Non Durables *
GAIL (INDIA) LIMITED AUG21** Stock Futures *
UNITED BREWERIES LIMITED AUG21** Stock Futures *
INFO EDGE (INDIA) LIMITED AUG21** Stock Futures *
SHREE CEMENT LIMITED Cement & Cement Products 0.01%
TVS MOTOR COMPANY LIMITED Auto 0.01%
DLF LIMITED Construction 0.01%
VOLTAS LIMITED Consumer Durables 0.01%
CITY UNION BANK LIMITED Banks 0.01%
TITAN COMPANY LIMITED Consumer Durables 0.01%
L & T FINANCE HOLDINGS LIMITED Finance 0.01%
LIC HOUSING FINANCE LIMITED Finance 0.01%
DR. REDDY'S LABORATORIES LIMITED Pharmaceuticals 0.01%
CONTAINER CORPORATION OF INDIA LIMITED Transportation 0.01%
POWER FINANCE CORPORATION LIMITED Finance 0.01%
MARICO LIMITED Consumer Non Durables 0.01%
HDFC ASSET MANAGEMENT COMPANY LIMITED Capital Markets 0.01%
BHARAT HEAVY ELECTRICALS LIMITED Industrial Capital Goods 0.02%
ACC LIMITED Cement & Cement Products 0.02%
GLENMARK PHARMACEUTICALS LIMITED Pharmaceuticals 0.02%
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED Finance 0.02%
BIOCON LIMITED Pharmaceuticals 0.03%
GODREJ CONSUMER PRODUCTS LIMITED Consumer Non Durables 0.04%
THE FEDERAL BANK LIMITED Banks 0.04%
SBI LIFE INSURANCE COMPANY LIMITED Insurance 0.04%
ITC LIMITED Consumer Non Durables 0.04%
MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED Finance 0.05%
THE RAMCO CEMENTS LIMITED Cement & Cement Products 0.05%
TATA CONSULTANCY SERVICES LIMITED Software 0.05%
MINDTREE LIMITED Software 0.05%
BANDHAN BANK LIMITED Banks 0.06%
MAHINDRA & MAHINDRA LIMITED Auto 0.06%
UPL LIMITED Pesticides 0.07%
BATA INDIA LIMITED Consumer Durables 0.07%
NATIONAL ALUMINIUM COMPANY LIMITED Non - Ferrous Metals 0.07%
HCL TECHNOLOGIES LIMITED Software 0.08%
TATA CHEMICALS LIMITED Chemicals 0.09%
APOLLO HOSPITALS ENTERPRISE LIMITED Healthcare Services 0.1%
GRANULES INDIA LIMITED Pharmaceuticals 0.1%
HINDUSTAN UNILEVER LIMITED Consumer Non Durables 0.1%
UNITED SPIRITS LIMITED Consumer Non Durables 0.12%
BANK OF BARODA Banks 0.12%
SUN PHARMACEUTICAL INDUSTRIES LIMITED Pharmaceuticals 0.12%
IDFC FIRST BANK LIMITED Banks 0.13%
SHRIRAM TRANSPORT FINANCE COMPANY LIMITED Finance 0.13%
NMDC LIMITED Minerals/mining 0.14%
MAX FINANCIAL SERVICES LIMITED Insurance 0.15%
INDRAPRASTHA GAS LIMITED Gas 0.15%
MARUTI SUZUKI INDIA LIMITED Auto 0.15%
MUTHOOT FINANCE LIMITED Finance 0.16%
CADILA HEALTHCARE LIMITED Pharmaceuticals 0.16%
BALKRISHNA INDUSTRIES LIMITED Auto Ancillaries 0.17%
VODAFONE IDEA LIMITED Telecom - Services 0.18%
HAVELLS INDIA LIMITED Consumer Durables 0.19%
SUN TV NETWORK LIMITED Entertainment 0.19%
JUBILANT FOODWORKS LIMITED Leisure Services 0.2%
ZEE ENTERTAINMENT ENTERPRISES LIMITED Entertainment 0.2%
HINDALCO INDUSTRIES LIMITED Non - Ferrous Metals 0.22%
AMARA RAJA BATTERIES LIMITED Auto Ancillaries 0.24%
VEDANTA LIMITED Non - Ferrous Metals 0.33%
PIRAMAL ENTERPRISES LIMITED Finance 0.34%
HDFC BANK LIMITED Banks 0.34%
HDFC LIFE INSURANCE COMPANY LIMITED Insurance 0.35%
TECH MAHINDRA LIMITED Software 0.38%
DIVI'S LABORATORIES LIMITED Pharmaceuticals 0.46%
ASIAN PAINTS LIMITED Consumer Non Durables 0.46%
TATA POWER COMPANY LIMITED Power 0.52%
BAJAJ FINANCE LIMITED Finance 0.53%
STATE BANK OF INDIA Banks 0.55%
PUNJAB NATIONAL BANK Banks 0.65%
AUROBINDO PHARMA LIMITED Pharmaceuticals 0.72%
AXIS BANK LIMITED Banks 0.72%
JSW STEEL LIMITED Ferrous Metals 0.74%
BHARAT PETROLEUM CORPORATION LIMITED Petroleum Products 0.87%
ADANI ENTERPRISES LIMITED Minerals/mining 0.99%
STEEL AUTHORITY OF INDIA LIMITED Ferrous Metals 1.08%
KOTAK MAHINDRA BANK LIMITED Banks 1.09%
JINDAL STEEL & POWER LIMITED Ferrous Metals 1.15%
INDUSIND BANK LIMITED Banks 1.43%
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED Finance 1.46%
BHARTI AIRTEL LIMITED Telecom - Services 1.7%
TATA STEEL LIMITED Ferrous Metals 1.74%
INFOSYS LIMITED Software 2.48%
ICICI BANK LIMITED Banks 2.77%
ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED Transportation 2.85%
RELIANCE INDUSTRIES LIMITED Petroleum Products 4.24%
54.3% of Equity and equity related securities
* - Less than 0.01%
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Debt holdings for Dynamic Asset Allocation Fund

Bonds & NCDs16.54%

Name Rating % of Net Assets
INDIAN OIL CORPORATION LIMITED CRISIL AAA 2.52%
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED CRISIL AAA 1.92%
HINDUSTAN PETROLEUM CORPORATION LIMITED CRISIL AAA 1.33%
ICICI BANK LIMITED AT-1 BASEL-III ICRA AA+ 1.32%
RELIANCE INDUSTRIES LIMITED CRISIL AAA 1.31%
SUNDARAM FINANCE LIMITED CRISIL AAA 1.29%
INDIAN RAILWAY FINANCE CORPORATION LIMITED CRISIL AAA 1.21%
HINDUSTAN PETROLEUM CORPORATION LIMITED CRISIL AAA 0.69%
LARSEN & TOUBRO LIMITED CRISIL AAA 0.65%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT ICRA AAA 0.65%
NTPC LIMITED CRISIL AAA 0.65%
INDIAN OIL CORPORATION LIMITED CRISIL AAA 0.65%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT ICRA AAA 0.64%
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED CRISIL AAA 0.64%
INDIAN RAILWAY FINANCE CORPORATION LIMITED CRISIL AAA 0.39%
POWER GRID CORPORATION OF INDIA LIMITED CRISIL AAA 0.29%
HDFC BANK LIMITED AT-1 BASEL-III CRISIL AA+ 0.26%
RELIANCE INDUSTRIES LIMITED CRISIL AAA 0.13%
51.3% of Debt instruments

Government Securities (Central/State)8.45%

Name Rating % of Net Assets
5.09% GOI 13042022 SOV 4.81%
8.20% GOI 15022022 SOV 2.36%
8.35% GOI 14052022 SOV 0.65%
5.39% GUJARAT SDL 31032024 SOV 0.63%
26.2% of Debt instruments

TREPS3.62%

Name Rating % of Net Assets
TREPS / REVERSE REPO INVESTMENTS / CORPORATE DEBT REPO -- 3.62%
11.2% of Debt instruments

Money market instruments3.61%

Name Rating % of Net Assets
BAJAJ FINANCE LIMITED CRISIL A1+ 1.21%
364 DAY T-BILL 16062022 SOV 1.2%
364 DAY T-BILL 21042022 SOV 0.6%
364 DAY T-BILL 07042022 SOV 0.6%
11.2% of Debt instruments
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DSP Dynamic Asset Allocation Fund presentation

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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 the investment objective of the scheme will be realized.

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DAAF model

Action taken. Equity allocation changed from 40 % to 30%


Nifty P/E - 35.66 Nifty P/B - 3.67


  • Equity 30%
  • Debt 35%
  • Arbitrage 35%

Action taken. Equity allocation changed from 50% to 40%


Nifty P/E - 34.27 Nifty P/B - 3.37


  • Equity 40%
  • Debt 35%
  • Arbitrage 25%

Action taken. Equity allocation changed to 50%


Nifty P/E - 30.20 Nifty P/B - 3.12


  • Equity 50%
  • Debt 35%
  • Arbitrage 15%

Action taken. Equity allocation changed to 40%


Nifty P/E - 28.19 Nifty P/B - 3.06


  • Equity 40%
  • Debt 35%
  • Arbitrage 25%
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