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DSP Corporate Bond Fund

DSP Corporate Bond Fund

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Benchmark: CRISIL Corporate Debt A-II Index info icon

11.06K people have invested in this fund

View performance details

Return:

This fund

18.00%

CRISIL Corporate Debt A-II Index

14.30%

CRISIL 10 Year Gilt Index

14.15%

Invested

Earning

This fund

18.00%

CRISIL Corporate Debt A-II Index

14.30%

CRISIL 10 Year Gilt Index

14.15%

team 11.06K people have invested in this fund as of

This is a Debt Income, Corporate Bond fund with CRISIL Corporate Debt A-II Index as its benchmark. The risk level for this fund is categorized as Moderate Risk.

Total AUM

2,642.7 crores as of Jun 30, 2024

Age of Fund

5 years 10 months since Sep 10, 2018

Expense Ratio

0.28% as of Jul 12, 2024

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 Corporate Bond Fund?

  1. DSP Corporate Bond fund invests primarily in high-quality corporate debt securities rated AAA.
  2. 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.
  3. Current roll-down will get reset in Year 2027.
  1. Roll down fund can help in providing visibility of returns over period of roll-down.
  2. Reducing duration also reduces interest rate risk every passing month.
  3. A credible alternative to a 3-year+ bank FD.
  1. Consider this fund if you
    • Are a relatively new debt market investor.
    • Value stability & consistency of returns.
    • Don't want to take a high level of credit or interest rate risk.
    • Are looking to reduce the overall risk level of your portfolio.
    • Understand the basics of debt investing.
  1. Corporate Bond Fund carries Moderate Risk.
  2. Corporate bonds may outperform government bonds when the economy is doing well but may underperform when the economy is slowing down as in such times, relatively 'safer' instruments are preferred.
  3. This is not an equity-oriented fund, so do not expect very high returns.

Fund managers:

Laukik Bagwe

Laukik Bagwe

Total work experience of 23 years. Managing this fund since July 2023.
Total work experience of 23 years. Managing this fund since July 2023.

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Vivek Ramakrishnan

Vivek Ramakrishnan

Total work experience of 29 years. Managing this fund since July 2021.
Total work experience of 29 years. Managing this fund since July 2021.

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Portfolio

Prescribed asset allocation: 80% - 100% Corporate Bonds* (including securitized debt) which are rated AA+ and above , 0% - 20% Corporate Bonds* (including securitized debt) which are rated AA and below , 0% - 20% Money Market Instruments and Debt Instruments issued By Central And State Governments , 0% - 10% Units of REITs & InvITs
*Corporate Debt would include all debt securities issued by entities such as Banks, Public Sector Undertakings, Municipal Corporations, Corporates, Companies etc. and would exclude investments in Government Securities and State Development Loans.

Current Allocation

as of Jun 30, 2024

Top holdings

No Data to display

Top Sectors

No Data to display

Top holdings

No Data to display

Top holdings

7.38% GOI 2027

14.37%

Indian Oil Corporation Limited

6.55%

National Bank for Agriculture and Rural Development

4.80%

LIC Housing Finance Limited

4.71%

Small Industries Development Bank of India

4.00%

Cash & cash equivalents

0.18%

Credit rating profile

CRISIL AAA

73.10%

SOV

18.20%

ICRA AAA

7.70%

Cash & Equivalent

0.90%

Uncategorized

0.30%

Instrument break-up

Bonds & NCDs

80.70%

Government Securities (Central/State)

18.20%

TREPS

0.90%

Mutual-funds

0.30%


Indicators

Yield to Maturity

7.66 %

Modified Duration

2.27 Years

Portfolio Macaulay Duration

2.42 Years

Average Maturity

2.64 Years

Compare Performance

Performance highlights over last

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  • Historical Returnsas of with investment of10,000

This fund CRISIL Corporate Debt A-II Ind ^ 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 Corporate Debt

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: Sep 10, 2018.

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 Direct 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 # Additional Benchmark

Fund Details

Fund Details

Investment Objective

The primary investment objective of the Scheme is to seek to generate regular income and capital appreciation commensurate with risk from a portfolio predominantly investing in corporate debt securities across maturities which are rated AA+ and above, in addition to debt instruments issued by central and state governments and money market securities.
There is no assurance that the investment objective of the Scheme will be realized

Fund Type

Debt – Income
Corporate Bond Fund

An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds.
A relatively high interest rate risk and moderate credit risk.

Riskometer

Level of Risk in the fund

View details

Potential Risk Class Matrix : B-III

B-III is the potential risk class matrix of DSP Corporate Bond Fund based on interest rate & credit risk.

team 11.06K peoplehave invested in this fund as of