Invest in DSP Dynamic Asset Allocation Fund Direct Monthly IDCW Online

Benchmark: CRISIL Hybrid 50+50 - Moderate I…

1.06 lakh people have invested in this fund

LumpsumMonthly SIPView performance details

Return:

Annualized

Absolute

This fund

18.00%

CRISIL Hybrid 50+50 - Moderate I…

14.30%

NIFTY 50 TRI

14.15%

team 1.06 lakh people have invested in this fund as of

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 High Risk.

Total AUM

₹3,567.88 crores as of Apr 30, 2023

Age of Fund

9 years 3 months since Feb 06, 2014

Expense Ratio

0.71% as of Jun 02, 2023

Exit Load

NIL - If the units …

Ideal holding period

5 Years+

Holdings

as of Apr 30, 2023

Bajaj Finance Limited

4.35%

ICICI Bank Limited

4.17%

HDFC Bank Limited

4.05%

Samvardhana Motherson International Limited

2.21%

Alkem Laboratories Limited

2.03%

Avenue Supermarts Limited

2.03%

SBI Cards and Payment Services Limited

1.84%

See all 41 holdings

Rolling Returns

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

View performance details

Things to know before you invest

What is in DSP Dynamic Asset Allocation Fund?

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'.

Why should one invest in DSP Dynamic Asset Allocation Fund?

Offers smoother investment journey with debt allocation along with opportunity of growth by investing in equities.
It tries to reduce the impact of market fluctuations in the portfolio.
Potential capital preservation during falling markets through debt allocation.
Removes hassle of asset allocation by investor in tax-efficient way.

Who should invest in DSP Dynamic Asset Allocation Fund?

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.
- Can be used by investor who require periodic cashflow and capital growth. This can be done using SWP.

Rethink before you invest

Dynamic Asset Allocation 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.
In the past, there has been an occasion where this fund's NAV fell by more than 11% in 1 year.

Fund managers:

Atul Bhole

Managing this fund since February 2018.

See funds managed by him

See his investing philosophy

Managing this fund since February 2018.

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See his investing philosophy

Dhaval Gada

Managing this fund since September 2022.

See funds managed by him

Managing this fund since September 2022.

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

Atul R Bhole has over 10 Years of experience and joined DSP Mutual Funds 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.	Scheme Name	Managing since	Period
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.

Scheme Name

Managing since

Period

1 Years

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

Dhaval has total work experience of over 13 years. He joined equity investment team of DSP Mutual Funds in Sept-2018 as Associate Vice President and was promoted to Vice President in Feb-2022. Dhaval has also worked with Sundaram Asset Management, Motilal Oswal Securities, Evalueserve, Morgan Stanley Advantage Services, Edelweiss Capital and Gridstone Research.
He has a Post Graduate Diploma in Management from Welingkar Institute of Management and holds a Bachelor of Commerce degree from Mumbai University.

Sr. No.	Scheme Name	Managing since	Period
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.

Scheme Name

Managing since

Period

1 Years

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 Mutual Funds. 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.	Scheme Name	Managing since	Period
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.

Scheme Name

Managing since

Period

1 Years

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

Top holdings

Bajaj Finance Limited

4.35%

ICICI Bank Limited

4.17%

HDFC Bank Limited

4.05%

Samvardhana Motherson International Limited

2.21%

Alkem Laboratories Limited

2.03%

Allocation by Market Cap

Large Cap

66.10%

Mid Cap

28.10%

Small Cap

5.70%

Top Sectors

Banks

11.19%

Finance

6.40%

Pharmaceuticals & Biotechnology

4.34%

Auto Components

4.17%

Consumer Durables

3.74%

Arbitrage (cash Long)

15.17%

See all 41 holdings

Top holdings

5.74% GOI 2026

4.85%

7.38% GOI 2027

4.37%

7.10% GOI 2029

3.52%

Kotak Mahindra Prime Limited**

2.06%

Hindustan Petroleum Corporation Limited**

1.47%

Cash & cash equivalents

-0.86%

Credit rating profile

SOV

42.50%

CRISIL AAA

42.20%

ICRA AAA

7.50%

Cash & Equivalent

3.20%

CARE AAA

2.00%

Instrument break-up

Bonds & NCDs

52.20%

Government Securities (Central/State)

38.80%

Money market instruments

5.90%

TREPS

3.10%

See all 29 holdings

Indicators

Yield to Maturity

7.33 %

Modified Duration

2.48 Years

Portfolio Macaulay Duration

2.61 Years

Average Maturity

2.95 Years

Portfolio turnover ratio

4.34 last 12 months

Portfolio turnover ratio - Directional Equity

0.51 last 12 months

Standard Deviation

7.11 %

Sharpe Ratio

0.31

Beta

0.77

R-Squared

75.28 %

Performance highlights over last

for

investment

Cumulative returns on

Annual returns

Current value

Min CAGR:

MedianCAGR:

Max CAGR:

Good Returns

Negative Returns

vs Fixed Deposit

vs Category

vs Benchmark

Historical Returnsas of with investment of₹10,000
As per SEBI format
As per IDCW history

	This fund		CRISIL Hybrid 50+50 - Moderate… ^{^}		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%

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 High Risk

Minimum Investment

Rs. 100 Lumpsum
Rs. 100 SIP– 12 instalments
Rs. 100 Minimum Additional Purchase

Fund Documents

Fund presentation

KIM and Applications

Name	% of Net Assets
ICICI Bank Limited	4.17%
HDFC Bank Limited	4.05%
AU Small Finance Bank Limited	1.75%
Axis Bank Limited	1.22%

Name	% of Net Assets
Bajaj Finance Limited	4.35%
SBI Cards and Payment Services Limited	1.84%
Bajaj Finserv Limited	0.21%

Name	% of Net Assets
Alkem Laboratories Limited	2.03%
Dr. Reddy's Laboratories Limited	0.93%
Sun Pharmaceutical Industries Limited	0.78%
Cipla Limited	0.60%

Name	% of Net Assets
Samvardhana Motherson International Limited	2.21%
UNO Minda Limited	0.86%
Balkrishna Industries Limited	0.61%
Schaeffler India Limited	0.49%

Name	% of Net Assets
Asian Paints Limited	1.49%
Century Plyboards (India) Limited	1.30%
Havells India Limited	0.95%

Name	% of Net Assets
Tata Motors Limited	1.79%
Maruti Suzuki India Limited	1.01%

Name	% of Net Assets
Supreme Industries Limited	1.30%
Polycab India Limited	1.11%
APL Apollo Tubes Limited	0.27%

Name	% of Net Assets
MphasiS Limited	0.86%
LTIMindtree Limited	0.81%
Infosys Limited	0.74%
HCL Technologies Limited	0.20%

Name	% of Net Assets
Avenue Supermarts Limited	2.03%

Name	% of Net Assets
Bharat Electronics Limited	1.76%

Name	% of Net Assets
Gujarat Gas Limited	1.38%

Name	% of Net Assets
Dalmia Bharat Limited	0.93%
JK Cement Limited	0.42%

Name	% of Net Assets
Hindustan Unilever Limited	1.33%

Name	% of Net Assets
Gujarat Fluorochemicals Limited	1.24%

Name	% of Net Assets
KEC International Limited	0.80%
CG Power and Industrial Solutions Limited	0.28%

Name	% of Net Assets
PI Industries Limited	0.91%

Name	% of Net Assets
Emami Limited	0.82%

Name	% of Net Assets
Radico Khaitan Limited	0.80%

Name	% of Net Assets
ICICI Lombard General Insurance Company Limited	0.43%

Name	% of Net Assets
Max Healthcare Institute Limited	0.03%

Name	% of Net Assets
Kotak Mahindra Prime Limited**	2.06%
Hindustan Petroleum Corporation Limited**	1.47%
Small Industries Development Bank of India**	1.45%
National Bank for Agriculture and Rural Development**	1.41%
Power Finance Corporation Limited**	0.87%
Bajaj Finance Limited**	0.74%
Small Industries Development Bank of India**	0.74%
Bajaj Housing Finance Limited**	0.74%
LIC Housing Finance Limited**	0.74%
Bajaj Housing Finance Limited**	0.72%
LIC Housing Finance Limited**	0.72%
REC Limited**	0.72%
REC Limited**	0.71%
LIC Housing Finance Limited**	0.71%
Indian Oil Corporation Limited**	0.70%
Small Industries Development Bank of India**	0.69%
National Bank for Agriculture and Rural Development**	0.68%
REC Limited**	0.61%
Power Finance Corporation Limited**	0.56%
Small Industries Development Bank of India**	0.43%
Power Grid Corporation of India Limited**	0.30%
Hindustan Petroleum Corporation Limited**	0.29%

Name	% of Net Assets
5.74% GOI 2026	4.85%
7.38% GOI 2027	4.37%
7.10% GOI 2029	3.52%
5.22% GOI 2025	0.69%

Name	% of Net Assets
364 DAYS T-BILL 2023	1.34%
Piramal Capital & Housing Finance Limited**	0.70%

Name	% of Net Assets
TREPS / Reverse Repo Investments / Corporate Debt Repo	1.07%

For lumpsum investments, if the investment period is less than 1 year then same return values are displayed for absolute & XIRR. For periods above 1 year, they are annualized. 1 Year is assumed as 365 days.
Returns for investments in income distribution cum capital withdrawal (IDCW) plans of schemes are calculated after assuming that the net income distribution cum capital withdrawal (IDCW) payouts post statutory taxes & levies, are re-invested back in the scheme.
Income distribution cum capital withdrawals (IDCW) declared from benchmark's constituents isn't taken into account when comparing with investment in scheme's income distribution cum capital withdrawal (IDCW) plans.
Performance is always compared against the latest benchmark of the scheme irrespective of the date of change of scheme's benchmark, if any.
Except when SIP tenure is since inception, for all tenures, the start day for SIP investments is considered as 1st of every month. There is no end date to SIPs for the purpose of graphs.
For the purpose of NAV date applicability, if the investment date happens to be a non-business day, next business day's NAV is applied. Investment on inception date can happen on a non-business day.
Gold prices are available post 29 JAN, 2005 & are based on daily closing values on MCX.
PPF interest rate is assumed at 8.7% p.a. & interest received is compounded daily for the returns illustration in the charts.
Tracking Difference is computed as the difference between the performance of the Scheme and its Benchmark in annualised term.
Tracking Difference shall be disclosed only if the Scheme has completed 1 year period.
Fund returns used for computation are net of TER and of Growth option and benchmark returns are of total return index.
For DSP NIFTY 1D Rate Liquid ETF, growth returns are computed based on IDCW plan assuming reinvestment of payouts but gross of statutory taxes & levies and net of TER.

For lumpsum investments, if the investment period is less than 1 year then same return values are displayed for absolute & XIRR. For periods above 1 year, they are annualized. 1 Year is assumed as 365 days.
Returns for investments in income distribution cum capital withdrawal (IDCW) plans of schemes are calculated after assuming that the net income distribution cum capital withdrawal (IDCW) payouts post statutory taxes & levies, are re-invested back in the scheme.
Income distribution cum capital withdrawals (IDCW) declared from benchmark's constituents isn't taken into account when comparing with investment in fund's income distribution cum capital withdrawal (IDCW) plans.
Performance is always compared against the latest benchmark of the fund irrespective of the date of change of fund's benchmark, if any.
Except when SIP tenure is since inception, for all tenures, the start day for SIP investments is considered as 1st of every month. There is no end date to SIPs for the purpose of graphs.
For the purpose of NAV date applicability, if the investment date happens to be a non-business day, next business day's NAV is applied. Investment on inception date can happen on a non-business day.
Gold prices are available post 29 JAN, 2005 & are based on daily closing values on MCX.
Investment in gold has a strong global market demand and gold is highly liquid asset.
PPF interest rate is assumed at 8.7% p.a. & interest received is compounded daily for the returns illustration in the charts.
The comparison with PPF (and other traditional saving instruments/assets) has been given for the purpose of the general information only. Investments in mutual funds should not be construed as a promise, guarantee on or a forecast of any minimum returns. Unlike traditional saving instruments there is no capital protection guarantee or assurance of any return in mutual fund investment. Traditional savings instruments are comparatively low risk products and are generally backed by the Government. Investment in mutual funds carries high risk as compared to the traditional saving instruments and any investment decision needs to be taken only after consulting the Tax Consultant or Mutual Fund Distributor.
Past performance may or may not sustain in future and should not be used as a basis for comparison with other investments. There is no assurance of any returns/capital protection/capital guarantee to the investors in any scheme of DSP Mutual Fund.
The sector(s)/stock(s)/issuer(s) mentioned in this document do not constitute any recommendation of the same and the Fund may or may not have any future position in these sector(s)/stock(s)/issuer(s).
The investment approach / framework/ strategy / portfolio / other data mentioned herein are dated and currently followed by the scheme and the same may change in future depending on market conditions and other factors.

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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 High Risk.

Things to know before you invest

What is in DSP Dynamic Asset Allocation Fund?

Why should one invest in DSP Dynamic Asset Allocation Fund?

Who should invest in DSP Dynamic Asset Allocation Fund?

Rethink before you invest

Fund managers:

Portfolio

Current Allocation

Indicators

Compare Performance

Invested Amount

Invested Amount

Fund Details

Fund Details

Investment Objective

Fund Type

Riskometer

Minimum Investment

Fund Documents

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