Invest in Dynamic Asset Allocation Fund Regular Growth Online

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

₹4,433.31 crores as of Oct 31, 2022

Age of Fund

8 years 9 months since Feb 06, 2014

Expense Ratio

1.88% as of Dec 02, 2022

Exit Load

NIL - If the units …

Ideal holding period

5 Years+

Holdings

as of Oct 31, 2022

HDFC Bank Limited

3.55%

Bajaj Finance Limited

2.93%

Maruti Suzuki India Limited

2.14%

Avenue Supermarts Limited

2.10%

ICICI Bank Limited

2.09%

Infosys Limited

1.86%

SBI Cards and Payment Services Limited

1.78%

See all 39 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?

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.

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.

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.

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.

See funds managed by him

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 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

Dhaval has total work experience of over 13 years. He joined equity investment team of DSP Investment Managers 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.	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

Portfolio

Prescribed asset allocation: 65% - 100% Equity & Equity related instruments including derivatives , 0% - 35% Debt and money market instruments

Current Allocation

as of Oct 31, 2022

Equity 66.46%
Debt / cash 33.36%

Equity
Debt / Cash

Top holdings

HDFC Bank Limited

3.55%

Bajaj Finance Limited

2.93%

Maruti Suzuki India Limited

2.14%

Avenue Supermarts Limited

2.10%

ICICI Bank Limited

2.09%

Allocation by Market Cap

Large Cap

62.80%

Mid Cap

31.60%

Small Cap

5.80%

Top Sectors

Banks

6.92%

Finance

5.87%

It - Software

4.55%

Consumer Durables

3.12%

Automobiles

2.60%

Arbitrage (cash Long)

25.72%

See all 39 holdings

Top holdings

7.38% GOI 2027

4.63%

5.74% GOI 2026

3.84%

5.63% GOI 2026

2.69%

5.22% GOI 2025

2.20%

REC Limited**

1.78%

Cash & cash equivalents

0.18%

Credit rating profile

SOV

54.30%

CRISIL AAA

25.80%

CARE AAA

5.40%

ICRA AAA

5.40%

Cash & Equivalent

5.10%

Instrument break-up

Government Securities (Central/State)

45.20%

Bonds & NCDs

35.70%

Money market instruments

13.90%

TREPS

5.20%

See all 33 holdings

Indicators

Yield to Maturity

7.21 %

Modified Duration

1.82 Years

Portfolio Macaulay Duration

1.90 Years

Average Maturity

2.12 Years

Portfolio turnover ratio - Directional Equity

0.40 last 12 months

Standard Deviation

11.48 %

Sharpe Ratio

0.15

Beta

0.95

R-Squared

88.41 %

Compare Performance

Performance highlights over last

for

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MedianCAGR:

Max CAGR:

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 - 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%

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 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

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

DSP Mutual Fund and its schemes are not registered in any jurisdiction, except the Schemes viz. DSP Equity Opportunities Fund and DSP Dynamic Asset Allocation Fund, which are registered with the Securities and Commodities Authority (?the SCA?) in the United Arab Emirates (UAE). The distribution of the Schemes in UAE would be undertaken by Barjeel Geojit Securities LLC, which is a licensed local distributor registered with SCA. The distribution of this material in certain jurisdictions may be restricted or subject to registration requirements and, accordingly, persons who come into possession of this material in such jurisdictions are required to inform themselves about, and to observe, any such restrictions.
The construct of DSP Dynamic Asset Allocation Fund (?scheme?) is to dynamically manage the asset allocation of the Scheme based on a model.

Name	% of Net Assets
HDFC Bank Limited	3.55%
ICICI Bank Limited	2.09%
AU Small Finance Bank Limited	0.88%
Axis Bank Limited	0.40%

Name	% of Net Assets
Infosys Limited	1.86%
HCL Technologies Limited	1.15%
MphasiS Limited	0.84%
Larsen & Toubro Infotech Limited	0.70%

Name	% of Net Assets
Century Plyboards (India) Limited	1.20%
Asian Paints Limited	1.19%
Havells India Limited	0.73%

Name	% of Net Assets
Maruti Suzuki India Limited	2.14%
Tata Motors Limited	0.46%

Name	% of Net Assets
Polycab India Limited	0.97%
Supreme Industries Limited	0.92%
APL Apollo Tubes Limited	0.66%

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

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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Name	% of Net Assets
UNO Minda Limited	0.69%
Samvardhana Motherson International Limited	0.66%
Schaeffler India Limited	0.52%
Balkrishna Industries Limited	0.46%

Name	% of Net Assets
Max Financial Services Limited	1.30%
ICICI Lombard General Insurance Company Limited	0.52%

Name	% of Net Assets
Dalmia Bharat Limited	0.60%
UltraTech Cement Limited	0.54%
JK Cement Limited	0.47%

Name	% of Net Assets
CG Power and Industrial Solutions Limited	0.69%
KEC International Limited	0.16%

Name	% of Net Assets
REC Limited**	1.78%
LIC Housing Finance Limited**	1.16%
Bajaj Finance Limited**	0.59%
REC Limited**	0.59%
National Bank for Agriculture and Rural Development	0.58%
NTPC Limited**	0.58%
LIC Housing Finance Limited**	0.57%
Indian Oil Corporation Limited**	0.57%
Housing Development Finance Corporation Limited**	0.57%
Bajaj Finance Limited**	0.57%
National Bank for Agriculture and Rural Development	0.57%
Hindustan Petroleum Corporation Limited**	0.57%
Small Industries Development Bank of India**	0.57%
Housing Development Finance Corporation Limited**	0.57%
Bajaj Housing Finance Limited**	0.57%
Small Industries Development Bank of India**	0.56%
Indian Railway Finance Corporation Limited**	0.35%
Hindustan Petroleum Corporation Limited**	0.23%
Power Grid Corporation of India Limited**	0.23%
Reliance Industries Limited	0.12%

Name	% of Net Assets
Small Industries Development Bank of India**	1.65%
364 DAYS T-BILL 2022	1.12%
364 DAYS T-BILL 2023	1.10%
364 DAYS T-BILL 2023	0.55%
364 DAYS T-BILL 2022	0.23%

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