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DSP Floater Fund

DSP Floater Fund

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Benchmark: CRISIL Short Term Bond Fund Inde info icon
View performance details

Return:

This fund

18.00%

CRISIL Short Term Bond Fund Inde

14.30%

CRISIL 10 Year Gilt Index

14.15%

Invested

Earning

This fund

18.00%

CRISIL Short Term Bond Fund Inde

14.30%

CRISIL 10 Year Gilt Index

14.15%

This is a Debt Floater Fund with CRISIL Short Term Bond Fund Index as its benchmark. The risk level for this fund is categorized as Low to Moderate Risk.

Total AUM

1,191.72 crores as of Dec 31, 2022

Age of Fund

1 years 10 months since Mar 19, 2021

Exit Load

Nil  

Ideal holding period

3 Years+

Rolling Returns

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

View performance details

Things to know before you invest

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What is in DSP Floater Fund?

  1. DSP Floater fund invests only in 'Sovereign' securities (Government Securities/ State Development Loans).
  2. In addition, the fund also invests in Overnight Interest Rate Swaps (OIS).
  3. It is run as a 'roll down' strategy (tenure depends on market yields & expectations from the interest rate cycle). This means the fund maturity reduces with time and at the end of the designated roll-down period, its maturity profile gets reset and again reduces with time.
  1. Meet core debt investing expectations: Keep your money liquid & earn relatively stable returns over a 3-5 year time horizon.
  2. Navigate interest rate cycles with the potential to gain from accruals when interest rates fall and an enabler (OIS) to shield returns when interest rates rise.
  3. No exposure to credit risk, as the fund seeks to invest only in Sovereign securities.
  1. Consider this fund if you
    • Believe that interest rates will rise.
    • Are willing & able to remain invested for at least 3 years.
    • Don't want to expose yourself to credit risk.
  1. Floater Fund carries Moderate Risk.
  2. If interest rates don't rise, this fund will still aim to provide relatively stable returns with high liquidity- but could mean an under performance vs expectation.
  3. This is not an equity-oriented fund, so do not expect very high returns.

Fund managers:

Kedar Karnik

Kedar Karnik

Managing this fund since July 2021.
Managing this fund since July 2021.

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Laukik Bagwe

Laukik Bagwe

Managing this fund since May 2021.
Managing this fund since May 2021.

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Portfolio

Prescribed asset allocation: 65% - 100% Floating Rate Debt Securities (including fixed rate Securities* converted to floating rate exposures using swaps/ derivatives) , 0% - 35% Fixed Rate Debt Securities (including money market instruments**)

Current Allocation

as of Dec 31, 2022

Top holdings

No Data to display

Top Sectors

No Data to display

Top holdings

6.75% GOI FRB 2024

32.59%

364 DAYS T-BILL 2023

16.31%

7.38% GOI 2027

12.69%

5.22% GOI 2025

7.27%

5.15% GOI 2025

6.84%

Cash & cash equivalents

0.25%

Credit rating profile

SOV

97.80%

Cash & Equivalent

2.10%

Instrument break-up

Government Securities (Central/State)

81.40%

Money market instruments

16.40%

TREPS

2.10%


Indicators

Yield to Maturity

7.06 %

Modified Duration

0.73 Years

Portfolio Macaulay Duration

0.75 Years

Average Maturity

2.14 Years

Compare Performance

Performance highlights over last

for

investment

Cumulative returns on

Annual returns

Current value

Min CAGR:
MedianCAGR:
Max CAGR:

Good Returns

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Negative Returns

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vs Fixed Deposit

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vs Category

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vs Benchmark

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  • Historical Returns (As per SEBI format)with investment of10,000

This fund CRISIL Short Term Bond Fund In ^ CRISIL 10 Year Gilt In #
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

Invested as

Invested Amount

Invested since

This fund

Vs

CRISIL Short Term Bond

CRISIL 10 Year Gilt In

Gold

PPF

Funds Annual returns Current Value Absolute Growth

Chart type:

Invested as

Invested Amount

Invested period

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

Date of allotment: Mar 19, 2021.

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

Fund Details

Fund Details

Investment Objective

The primary objective of the scheme is to generate regular income through investment predominantly in floating rate and fixed rate debt instruments (including money market instruments).
However, there is no assurance that the investment objective of the scheme will be realized.

Fund Type

Debt – Floater Fund

An open ended debt scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives).
A relatively high interest rate risk and relatively low credit risk.

Riskometer

Level of Risk in the fund

View details
Investors understand that their
principal will be at Low to Moderate Risk

Potential Risk Class Matrix : A-III

A-III is the potential risk class matrix of DSP Floater Fund based on interest rate & credit risk.

Minimum Investment

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