DSP Short Duration Fund - Portfolio Strategy & NAV Overview

DSP Short Term Fund

Total AUM

₹3,690.33 crores
as of Jan 31, 2026

Age of Fund

23 years 5 months since Sep 09, 2002

Expense Ratio

0.94%
as of Feb 13, 2026

Exit Load

Nil

Ideal holding period

1 Year+

Portfolio as of Jan 31, 2026

Debt 99.7%
Others 0.3%

Indian (99.7%)

Credit rating profile	Weight %
SOVEREIGN	25.2 %
AAA	62.3 %
AAA(SO)	3.8 %
AA+	5.2 %
A1+	3.2 %
Cash & Equivalent	-0.1 %

Instrument break-up	Weight %
Bonds & NCDs	67.5 %
Government Securities (Central/State)	25.2 %
TREPS	5.5 %
Securitized Debt Instruments	3.8 %
Money market instruments	3.2 %

Holdings	Weight %
TREPS / Reverse Repo Investments	5.5 %
6.01% GOI 2030	5.0 %
6.48% GOI 2035	4.6 %
7.18% GOI 2033	4.3 %
Bharti Telecom Limited	4.1 %
India Universal Trust	3.8 %
National Bank for Agriculture and Rural Development	3.5 %
7.02% GOI 2031	3.5 %
7.01% Gujarat SDL 2031	3.3 %
Bajaj Finance Limited	2.9 %
HDFC Bank Limited	2.6 %
Muthoot Finance Limited	2.5 %
National Bank for Agriculture and Rural Development	2.2 %
Indian Railway Finance Corporation Limited	2.2 %
Jamnagar Utilities & Power Private Limited	2.1 %
Bajaj Housing Finance Limited	2.1 %
India Infrastructure Finance Company Limited	2.1 %
Power Finance Corporation Limited	1.8 %
6.28% GOI 2032	1.7 %
REC Limited	1.4 %
8.51% GOI FRB 2033	1.4 %
Export-Import Bank of India	1.4 %
Bajaj Finance Limited	1.4 %
REC Limited	1.4 %
Power Finance Corporation Limited	1.4 %
Export-Import Bank of India	1.4 %
LIC Housing Finance Limited	1.4 %
REC Limited	1.4 %
Tata Capital Housing Finance Limited	1.4 %
Indian Railway Finance Corporation Limited	1.4 %
Small Industries Development Bank of India	1.4 %
Bajaj Finance Limited	1.4 %
ICICI Home Finance Company Limited	1.4 %
LIC Housing Finance Limited	1.4 %
Export-Import Bank of India	1.4 %
Bharti Telecom Limited	1.4 %
Export-Import Bank of India	1.4 %
REC Limited	1.0 %
Power Finance Corporation Limited	0.8 %
REC Limited	0.7 %
National Bank for Agriculture and Rural Development	0.7 %
LIC Housing Finance Limited	0.7 %
Cholamandalam Investment and Finance Company Limited	0.7 %
Indian Railway Finance Corporation Limited	0.7 %
Muthoot Finance Limited	0.7 %
Small Industries Development Bank of India	0.7 %
REC Limited	0.7 %
Bajaj Housing Finance Limited	0.7 %
Tata Capital Housing Finance Limited	0.7 %
Tata Capital Limited	0.7 %
Small Industries Development Bank of India	0.7 %
7.17% GOI 2030	0.7 %
REC Limited	0.7 %
Power Finance Corporation Limited	0.7 %
Power Finance Corporation Limited	0.7 %
LIC Housing Finance Limited	0.7 %
Power Finance Corporation Limited	0.7 %
6.88% Uttar Pradesh SDL 2031	0.7 %
Small Industries Development Bank of India	0.7 %
Jio Credit Limited	0.7 %
National Housing Bank	0.7 %
Torrent Pharmaceuticals Limited	0.7 %
Mindspace Business Parks Reit	0.7 %
HDFC Bank Limited	0.6 %
Torrent Pharmaceuticals Limited	0.5 %
Bharti Telecom Limited	0.2 %
Bharti Telecom Limited	0.1 %
Cholamandalam Investment and Finance Company Limited	0.1 %
Cash & cash equivalents	-5.5 %
View All Holdings	99.7 %40.5 %

Holdings	Weight %
SBI Funds Management Pvt Ltd/Fund Parent	0.3 %
	0.3 %

Indicators

Yield to Maturity

7.24 %

Modified Duration

2.62 Years

Portfolio Macaulay Duration

2.76 Years

Average Maturity

3.35 Years

Performance

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 Returns (As per SEBI format)as of with investment of₹10,000

	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	Face Value	IDCW per unit	NAV Before	NAV After

Chart type

Graph viewTable view

Invested as

Invested Amount

₹

Invested since

This fund

CRISIL Short Duration …

CRISIL 10 Year Gilt In…

Gold

PPF

	Funds	Annual returns	Current Value	Absolute Growth	IDCW paid

Chart type:

Returns RangesStatistics

Invested Amount

₹

Rolling period

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

Date of allotment: Sep 09, 2002.

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.

Pursuant to payments of Income Distribution cum Capital Withdrawal, the NAV of the IDCW option(s) of Schemes would fall to the extent of payout, and statutory levy, if any.

^ Fund Benchmark # Additional Benchmark

Scheme disclaimers

Fund Details

Things to know before you invest

What is in DSP Short Term Fund?

DSP Short Term fund invests in high quality debt securities, primarily AAA rated corporate bonds & sovereign (government) bonds & can invest up to 20% in AA+ rated instruments.
Fund will maintain a 1-3 year duration.

Why should one invest in DSP Short Term Fund?

Aim to earn consistent investment income.
Can be a credible alternative to a 3-year bank FD.
Active management can aid in generating alpha over FDs.

Who should invest in DSP Short Term Fund?

Consider this fund if you
- 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.
- Don?t have any investment horizon.

Rethink before you invest

Short Term Fund carries Moderate Risk.
Even though this is a debt scheme, in rare circumstances, investment losses may be possible.
This is not an equity-oriented fund, so do not expect very high returns.

Fund managers:

Karan Mundhra

Total work experience of 18 years. Managing this fund since August 2024.

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Total work experience of 18 years. Managing this fund since August 2024.

arrow_forwardSee funds managed by him

Shantanu Godambe

Total work experience of 18 years. Managing this fund since January 2025.

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Total work experience of 18 years. Managing this fund since January 2025.

arrow_forwardSee funds managed by him

Karan has a total work experience of over 9 years. He joined DSP Mutual Funds in April 2012 as part of Fund Administration team. In 2016, he joined the Fixed Income Investment team. He is a Chartered Accountant (ICAI India) and also holds a Bachelor of Commerce Degree.

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

Shantanu has a total work experience of over 16 years. He joined DSP Asset Managers in March 2023 as Vice President in the Fixed Income Team. Shantanu has also worked with Yes Bank Ltd. as a Rates Trader. He has cleared the CFA from the CFA Institute, holds an M.S. (Finance) from ICFAI University, and a 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

Investment Objective

The primary investment objective of the Scheme is to seek to generate returns commensurate with risk from a portfolio constituted of money market securities and/or debt securities.
There is no assurance that the investment objective of the Scheme will be realized.

Fund Type

Debt – Short-term

Short Duration Fund

An open ended short term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 1 year and 3 years (please refer page no. 19 under the section 'Where will the Scheme invest?' for details on Macaulay's Duration).
A moderate interest rate risk and relatively low credit risk.

Riskometer

Level of Risk in the fund

View details

Potential Risk Class Matrix : A-II

A-II is the potential risk class matrix of DSP Short Term Fund based on interest rate & credit risk.

Minimum Investment

Lumpsum ₹ 100
SIP ₹ 100 (12 instalments)
Additional purchase ₹ 100

Tax Implications (Applies to redemptions or transfers made on or after April 1, 2025)

Taxation category - Specified Mutual Fund Sub Category - Unlisted Debt schemes

Holding period	Capital gain type	Applicable tax rate
Not Applicable	Long term	Not Applicable
Not Applicable	Short term	Applicable Rate

Mutual fund taxation is based on the fund's taxation category, sub-category, and holding period. The applicable tax rates are subject to prevailing tax laws, including surcharges, cess, and exemptions. Please consult a tax advisor for personalized guidance. View detailed tax guide

Transaction timelines

Purchase (including SIP) Redemption (including SWP) Switch-out (including STP-out) Switch-in (including STP-in)

NAV You Get	Cut-off Time	Processing Timeline
Same-day NAV (if money is received before cut-off)	3:00 PM (business days)	Units added to your folio on T+1 days (if money is received before cut-off).

NAV You Get	Cut-off Time	Processing Timeline
Same-day NAV (if request is placed before cut-off)	3:00 PM (business days)	Redemption processed on T+1 business days. Money credited to your bank account by T+1 business days.

NAV You Get	Cut-off Time	Processing Timeline
Same-day NAV (if request is placed before cut-off)	3:00 PM (business days)	Switch-out processed on T+1 business days

NAV You Get	Cut-off Time	Processing Timeline
NAV of this scheme	3:00 PM (business days)	Units added on T+1 business days after the switch-out from the source scheme.

NAV You Get	Cut-off Time	Processing Timeline
NA	NA	Money credited instantly.

Requests after cut-off are processed using next business day's NAV.
Business days: Monday to Friday (excluding public holidays).
No transactions are processed on weekends or public holidays. Click here to view the list of Non-Business Days.
T+1, T+3, T+5 refer to 1 / 3 / 5 working days after the transaction day.
Kindly note that the processing timeline for Switch-In transactions is governed by the TAT of the respective Switch-Out scheme. Hence the Switch-Out TAT should be referred to for estimating the Switch-In timeline.