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DSP Floater Fund

DSP Floater Fund

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Benchmark: CRISIL Short Duration Debt A-II info icon

10.96K people have invested in this fund

View performance details

Return:

This fund

18.00%

CRISIL Short Duration Debt A-II

14.30%

CRISIL 10 Year Gilt Index

14.15%

Invested

Earning

This fund

18.00%

CRISIL Short Duration Debt A-II

14.30%

CRISIL 10 Year Gilt Index

14.15%

team 10.96K people have invested in this fund as of

This is a Debt Floater Fund with CRISIL Short Duration Debt A-II Index as its benchmark. The risk level for this fund is categorized as Moderate Risk.

Total AUM

876.12 crores as of Jun 30, 2024

Age of Fund

3 years 3 months since Mar 19, 2021

Expense Ratio

0.51% 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 Floater Fund?

  1. DSP Floater fund invests atleast 65% in floating rate instruments. Fund either buys floating rate bonds or create synthetic floating rate expsoure using coupon bearing bonds & Interest rate swaps.
  2. This fund invests only in ?Sovereign? securities (Government Securities/ State Development Loans).
  3. In addition, the fund also invests in Overnight Interest Rate Swaps (OIS).
  4. Fund is actively managed to reduce impact of mark to market loss in scenario of rising interest rates.
  1. Minimize impact of mark to market loss in event of rising interest rate cycle.
  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:

Shantanu Godambe

Shantanu Godambe

Total work experience of 17 years. Managing this fund since June 2023.
Total work experience of 17 years. Managing this fund since June 2023.

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Kedar Karnik

Kedar Karnik

Total work experience of 18 years. Managing this fund since July 2021.
Total work experience of 18 years. Managing this fund since July 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% Debt & money market instruments* and Floating rate debt instruments swapped for Fixed rate returns
*Fixed rate Debt Securities constitute those securities issued by Central and / or State Government.
**Money Market instruments includes TriParty Repo/Repo/Reverse Repo (including corporate bond repo), commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity up to one year, call or notice money, certificate of deposit, and any other like instruments as specified by the Reserve Bank of India from time to time.

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

8.51% GOI FRB 2033

16.70%

7.88% GOI FRB 2028

16.31%

Axis Bank Limited

8.46%

6.62% GOI 2051

7.62%

7.29% Karnataka SDL 2036

5.24%

Cash & cash equivalents

0.16%

Credit rating profile

SOV

69.40%

CRISIL AAA

8.80%

CRISIL A1+

8.50%

CRISIL AA+

7.20%

ICRA AA+

2.90%

Instrument break-up

Government Securities (Central/State)

69.60%

Bonds & NCDs

19.00%

Money market instruments

8.50%

TREPS

2.60%

Mutual-funds

0.40%


Indicators

Yield to Maturity

7.70 %

Modified Duration

3.46 Years

Portfolio Macaulay Duration

3.60 Years

Average Maturity

8.58 Years

Compare Performance

Performance highlights over last

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Annual returns

Current value

Min CAGR:
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vs Benchmark

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  • Historical Returnsas of with investment of10,000

This fund CRISIL Short Duration Debt A-I ^ 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 Duration

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 # Additional Benchmark

Fund Details

Fund Details

Investment Objective

The primary objective of the scheme is to generate regular income through investment predominantly in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives). 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

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

team 10.96K peoplehave invested in this fund as of