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DSP Ultra Short Fund

DSP Ultra Short Fund

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Benchmark: CRISIL Ultra Short Duration Debt info icon

1.9 lakh people have invested in this fund

View performance details

Return:

This fund

18.00%

CRISIL Ultra Short Duration Debt

14.30%

CRISIL 1 Year T-Bill Index

14.15%

Invested

Earning

This fund

18.00%

CRISIL Ultra Short Duration Debt

14.30%

CRISIL 1 Year T-Bill Index

14.15%

team 1.9 lakh people have invested in this fund as of

This is a Debt Short-term, Ultra Short Duration fund with CRISIL Ultra Short Duration Debt A-I Index as its benchmark. The risk level for this fund is categorized as Low to Moderate Risk.

Total AUM

2,684.08 crores as of May 31, 2024

Age of Fund

17 years 10 months since Jul 31, 2006

Expense Ratio

1.02% as of Jun 13, 2024

Exit Load

Nil  

Ideal holding period

3 Months+

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 Ultra Short Fund?

  1. DSP Ultra Short fund invests in money market & debt securities with portfolio duration of 3-6 months.
  2. It invests mostly in high quality A1+ and AAA rated in debt securities.
  3. Among DSP's oldest debt funds with a 15 +year track record.
  1. Use it to park surplus money or money earmarked for emergencies for a short period of time (3 to 6 months).
  2. Can be an alternative to traditional savings bank accounts.
  1. Consider this fund if you
    • Are an experienced investor & know what you're doing.
    • Need a vehicle that can help you to park money temporarily, while you systematically transfer or switch into equity funds over time.
    • Recognize investing in shorter duration debt securities could mean lower returns but comes with the advantage of lower interest rate risk.
    • Understand the basics of debt investing.
  1. Ultra Short Fund carries Moderate Risk.
  2. Even though this is a debt scheme, in rare circumstances, investment losses may be possible.
  3. This is not an equity-oriented fund, so do not expect very high returns.

Fund managers:

Kedar Karnik

Kedar Karnik

Total work experience of 18 years. Managing this fund since July 2016.
Total work experience of 18 years. Managing this fund since July 2016.

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Karan Mundhra

Karan Mundhra

Total work experience of 16 years. Managing this fund since May 2021.
Total work experience of 16 years. Managing this fund since May 2021.

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Portfolio

Prescribed asset allocation: 0% - 100% *Debt and Money Market Securities
*Debt securities may include securitised debts up to 50% of the net assets. The Scheme will invest in Debt and Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.

Current Allocation

as of May 31, 2024

Top holdings

No Data to display

Top Sectors

No Data to display

Top holdings

No Data to display

Top holdings

ICICI Bank Limited

3.65%

Kotak Mahindra Bank Limited

3.64%

HDFC Bank Limited

3.59%

7.35% GOI 2024

3.00%

TREPS / Reverse Repo Investments

2.93%

Cash & cash equivalents

-0.48%

Credit rating profile

CRISIL A1+

56.60%

SOV

11.20%

ICRA A1+

9.10%

CRISIL AAA

8.60%

IND A1+

4.50%

Instrument break-up

Money market instruments

77.30%

Bonds & NCDs

16.20%

Government Securities (Central/State)

3.40%

TREPS

2.90%

Mutual-funds

0.20%


Indicators

Yield to Maturity

7.59 %

Modified Duration

0.44 Yrs

Portfolio Macaulay Duration

0.48 Yrs

Average Maturity

0.48 Yrs

Compare Performance

Performance highlights over last

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Cumulative returns on

Annual returns

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  • Historical Returnsas of with investment of10,000

This fund CRISIL Ultra Short Duration De ^ CRISIL 1 Year T-Bill I #
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 Ultra Short Dur

CRISIL 1 Year T-Bill I

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: Jul 31, 2006.

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 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
Ultra Short Duration Fund

An open ended ultra-short term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 3 months and 6 months (please refer page no. 21 under the section 'Where will the Scheme invest?' of SID for details on Macaulay's Duration).
A relatively low interest rate risk and moderate credit risk.

Riskometer

Level of Risk in the fund

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Potential Risk Class Matrix : B-I

B-I is the potential risk class matrix of DSP Ultra Short Fund based on interest rate & credit risk.

Minimum Investment

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

team 1.9 lakh peoplehave invested in this fund as of