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

    Moderate Risk
  • Age:

    7 years 3 months since Feb 06, 2014
  • AUM:

    Rs. 3,205.36 crores as of Mar 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 Mar 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 LTD 2.19%
HDFC BANK LTD 2.09%
INFOSYS LTD 1.89%
BHARTI AIRTEL LTD 1.41%
ASIAN PAINTS LTD 1.35%
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 3.39%
INDIAN OIL CORPORATION LIMITED 3.28%
8.20% GOI 15022022 2.94%
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 2.55%
TREPS / REVERSE REPO INVESTMENTS / CORPORATE DEBT REPO 1.65%
See detailed debt holdings »

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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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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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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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Saurabh Bhatia

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 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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Equity holdings for Dynamic Asset Allocation Fund

Equity - Directional
29.85%

Banks
6.22%

Name % of Net Assets
ICICI BANK LIMITED 2.19%
HDFC BANK LIMITED 2.09%
AXIS BANK LIMITED 1.04%
KOTAK MAHINDRA BANK LIMITED 0.9%

Insurance
2.95%

Name % of Net Assets
ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED 0.88%
BAJAJ FINSERV LIMITED 0.79%
MAX FINANCIAL SERVICES LIMITED 0.69%
HDFC LIFE INSURANCE COMPANY LIMITED 0.3%
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED 0.29%

Finance
2.86%

Name % of Net Assets
BAJAJ FINANCE LIMITED 1.35%
SBI CARDS AND PAYMENT SERVICES LIMITED 0.92%
MUTHOOT FINANCE LIMITED 0.59%

Software
2.85%

Name % of Net Assets
INFOSYS LIMITED 1.89%
HCL TECHNOLOGIES LIMITED 0.96%

Pharmaceuticals
2.05%

Name % of Net Assets
DR. REDDY'S LABORATORIES LIMITED 1.21%
ALKEM LABORATORIES LIMITED 0.46%
DIVI'S LABORATORIES LIMITED 0.38%

Gas
1.95%

Name % of Net Assets
GUJARAT GAS LIMITED 0.88%
PETRONET LNG LIMITED 0.7%
INDRAPRASTHA GAS LIMITED 0.37%

Consumer Non Durables
1.94%

Name % of Net Assets
ASIAN PAINTS LIMITED 1.35%
BRITANNIA INDUSTRIES LIMITED 0.59%

Industrial Products
1.57%

Name % of Net Assets
POLYCAB INDIA LIMITED 0.86%
BHARAT FORGE LIMITED 0.45%
EPL LIMITED 0.26%

Consumer Durables
1.41%

Name % of Net Assets
CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED 0.72%
VOLTAS LIMITED 0.69%

Telecom - Services
1.41%

Name % of Net Assets
BHARTI AIRTEL LIMITED 1.41%

Retailing
1.4%

Name % of Net Assets
AVENUE SUPERMARTS LIMITED 0.96%
V-MART RETAIL LIMITED 0.44%

Auto Ancillaries
1.22%

Name % of Net Assets
MOTHERSON SUMI SYSTEMS LIMITED 0.74%
MINDA INDUSTRIES LIMITED 0.48%

Cement & Cement Products
1.21%

Name % of Net Assets
ULTRATECH CEMENT LIMITED 1.21%

Fertilisers
0.43%

Name % of Net Assets
COROMANDEL INTERNATIONAL LIMITED 0.43%

Capital Markets
0.38%

Name % of Net Assets
HDFC ASSET MANAGEMENT COMPANY LIMITED 0.38%

Arbitrage (Cash Long)
35.57%

Name % of Net Assets
GODREJ CONSUMER PRODUCTS LIMITED Consumer Non Durables *
GODREJ CONSUMER PRODUCTS LIMITED APR21 Stock Futures *
DR. REDDY'S LABORATORIES LIMITED Pharmaceuticals 0.01%
ASHOK LEYLAND LIMITED Auto 0.01%
NESTLE INDIA LIMITED Consumer Non Durables 0.01%
GLENMARK PHARMACEUTICALS LIMITED Pharmaceuticals 0.01%
TATA CONSUMER PRODUCTS LIMITED Consumer Non Durables 0.01%
SUN TV NETWORK LIMITED Entertainment 0.02%
THE FEDERAL BANK LIMITED Banks 0.02%
LUPIN LIMITED Pharmaceuticals 0.02%
TITAN COMPANY LIMITED Consumer Durables 0.03%
COAL INDIA LIMITED Minerals/mining 0.03%
ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED Insurance 0.03%
APOLLO TYRES LIMITED Auto Ancillaries 0.03%
BATA INDIA LIMITED Consumer Durables 0.03%
SUN PHARMACEUTICAL INDUSTRIES LIMITED Pharmaceuticals 0.03%
ESCORTS LIMITED Auto 0.04%
EICHER MOTORS LIMITED Auto 0.04%
VOLTAS LIMITED Consumer Durables 0.04%
ACC LIMITED Cement & Cement Products 0.04%
CONTAINER CORPORATION OF INDIA LIMITED Transportation 0.05%
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED Insurance 0.05%
TATA CHEMICALS LIMITED Chemicals 0.06%
HINDUSTAN UNILEVER LIMITED Consumer Non Durables 0.06%
BERGER PAINTS (I) LIMITED Consumer Non Durables 0.06%
THE RAMCO CEMENTS LIMITED Cement & Cement Products 0.06%
NATIONAL ALUMINIUM COMPANY LIMITED Non - Ferrous Metals 0.07%
BAJAJ FINSERV LIMITED Insurance 0.07%
OIL & NATURAL GAS CORPORATION LIMITED Oil 0.08%
JSW STEEL LIMITED Ferrous Metals 0.09%
BAJAJ AUTO LIMITED Auto 0.09%
MAHINDRA & MAHINDRA LIMITED Auto 0.09%
HCL TECHNOLOGIES LIMITED Software 0.1%
JUBILANT FOODWORKS LIMITED Leisure Services 0.1%
MOTHERSON SUMI SYSTEMS LIMITED Auto Ancillaries 0.11%
UNITED SPIRITS LIMITED Consumer Non Durables 0.12%
BAJAJ FINANCE LIMITED Finance 0.13%
HAVELLS INDIA LIMITED Consumer Durables 0.14%
CIPLA LIMITED Pharmaceuticals 0.14%
BALKRISHNA INDUSTRIES LIMITED Auto Ancillaries 0.15%
INDRAPRASTHA GAS LIMITED Gas 0.17%
DLF LIMITED Construction 0.19%
DABUR INDIA LIMITED Consumer Non Durables 0.19%
HINDALCO INDUSTRIES LIMITED Non - Ferrous Metals 0.19%
MAX FINANCIAL SERVICES LIMITED Insurance 0.21%
TATA MOTORS LIMITED Auto 0.21%
TECH MAHINDRA LIMITED Software 0.22%
MARUTI SUZUKI INDIA LIMITED Auto 0.24%
ZEE ENTERTAINMENT ENTERPRISES LIMITED Entertainment 0.26%
PIRAMAL ENTERPRISES LIMITED Finance 0.3%
SHRIRAM TRANSPORT FINANCE COMPANY LIMITED Finance 0.31%
GRASIM INDUSTRIES LIMITED Cement & Cement Products 0.31%
ITC LIMITED Consumer Non Durables 0.36%
ASIAN PAINTS LIMITED Consumer Non Durables 0.38%
ADANI ENTERPRISES LIMITED Minerals/mining 0.43%
DIVI'S LABORATORIES LIMITED Pharmaceuticals 0.44%
AXIS BANK LIMITED Banks 0.46%
STATE BANK OF INDIA Banks 0.48%
HDFC LIFE INSURANCE COMPANY LIMITED Insurance 0.49%
TATA POWER COMPANY LIMITED Power 0.51%
STEEL AUTHORITY OF INDIA LIMITED Ferrous Metals 0.56%
LARSEN & TOUBRO LIMITED Construction Project 0.7%
TATA CONSULTANCY SERVICES LIMITED Software 0.71%
CANARA BANK Banks 0.77%
BHARAT PETROLEUM CORPORATION LIMITED Petroleum Products 0.85%
AUROBINDO PHARMA LIMITED Pharmaceuticals 0.97%
UPL LIMITED Pesticides 1.04%
TATA STEEL LIMITED Ferrous Metals 1.04%
JINDAL STEEL & POWER LIMITED Ferrous Metals 1.06%
BHARTI AIRTEL LIMITED Telecom - Services 1.77%
ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED Transportation 1.81%
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED Finance 2.02%
INDUSIND BANK LIMITED Banks 2.66%
INFOSYS LIMITED Software 2.86%
ICICI BANK LIMITED Banks 3.35%
RELIANCE INDUSTRIES LIMITED Petroleum Products 4.78%
54.4% of Equity and equity related securities
* - Less than 0.01%
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Debt holdings for Dynamic Asset Allocation Fund

Bonds & NCDs18.09%

Name Rating % of Net Assets
INDIAN OIL CORP LTD CRISIL AAA 3.28%
HOUSING DEVELOPMENT FINANCE CORP LTD CRISIL AAA 2.55%
HINDUSTAN PETROLEUM CORP LTD CRISIL AAA 1.64%
RELIANCE INDUSTRIES LTD CRISIL AAA 1.63%
ICICI BANK LTD CARE AA+ 1.6%
LARSEN & TOUBRO LTD CRISIL AAA 0.87%
NTPC LTD CARE AAA 0.86%
HINDUSTAN PETROLEUM CORP LTD CRISIL AAA 0.85%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT ICRA AAA 0.85%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT ICRA AAA 0.84%
INDIAN OIL CORP LTD CRISIL AAA 0.8%
HOUSING DEVELOPMENT FINANCE CORP LTD CRISIL AAA 0.79%
INDIAN RAILWAY FINANCE CORP LTD CRISIL AAA 0.67%
POWER GRID CORP OF INDIA LTD CRISIL AAA 0.36%
HDFC BANK LTD IND AA+ 0.34%
RELIANCE INDUSTRIES LTD CARE AAA 0.16%
53.5% of Debt instruments

Government Securities (Central/State)7.11%

Name Rating % of Net Assets
5.09% GOI 13042022 SOV 3.39%
8.20% GOI 15022022 SOV 2.94%
STATE OF GUJARAT INDIA SOV 0.78%
21% of Debt instruments

Money market instruments6.94%

Name Rating % of Net Assets
364 DAY T-BILL 07052021 SOV 1.56%
364 DAY T-BILL 15072021 SOV 1.55%
BAJAJ FINANCE LTD CRISIL A1+ 1.5%
364 DAY T-BILL 13052021 SOV 0.78%
182 DAY T-BILL 06052021 SOV 0.78%
364 DAY T-BILL 22072021 SOV 0.77%
20.5% of Debt instruments

TREPS1.65%

Name Rating % of Net Assets
TREPS / REVERSE REPO INVESTMENTS / CORPORATE DEBT REPO -- 1.65%
4.9% 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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