DSP Mutual Fund

The DSP Group is a 152 year old and one of the most renowned Financial firms in the country. It launched its stockbroking arm in the 1860s. Since then it has played a critical role in the development and professionalization of money management and capital markets operations in India. It set up DSP Mutual Fund as a trust in the year 1996. Till the year 2018, it was known as DSP BlackRock Mutual Funds. In August 2018, DSP group purchased back BlackRock's 40% stake in the company and hence the AMC was renamed as DSP Mutual Fund.

DSP Mutual Fund currently has 38 schemes. These schemes are categorized into equity, debt, hybrid and international FOFs. It also has four solution-oriented schemes that invest in varying proportions in the other DSP Mutual Funds.

The in-depth experience of the Indian markets combined with the disciplined investment process and cutting-edge analytical tools have contributed to the robust performance of DSP Mutual Fund. It is present in 38 cities across the country. As on 31st May 2020, the total fund size of DSP Mutual Fund stood at ₹72,494 crores.

DSP Mutual Fund is one of the premier fund houses in the country with more than two decades of excellent and consistent performance. Many of the funds have outperformed their respective benchmarks and also effectively managed market fluctuations. The top performers of DSP Mutual Fund have been identified by taking into consideration a host of parameters such as AUM, growth in AUM over a period of time, NAV, portfolio's credit quality, past performances, average maturity etc.

Here are the top-performing funds of DSP Mutual Fund.

DSP Equity Mutual Funds seek to offer capital appreciation in the long-run. These moderately high to high-risk schemes invest majorly in stocks that have the potential of superior returns. There are 15 equity schemes (excluding ELSS) that investors can choose from basis their own risk appetite and financial goals. These funds can be further categorised basis market capitalization, theme or sector of investment, etc. The cumulative fund size of these equity schemes was ₹25,951 crores as on 31st May 2020. The AUM of these schemes constitutes more than 1/3rd of the total fund size with DSP Mutual Funds.

Here is a list of the top-performing DSP Mutual Funds in the equity category.

DSP Debt Mutual funds invest in a debt or fixed interest earning instruments. These debt mutual fund schemes are ideal for conservative investors who are on the lookout for regular income and safety on invested capital. The minimum investment required in these schemes is ₹500.

Currently, DSP Mutual Fund offers 13 debt schemes with varying investment horizons (short, medium and long-term) to investors. The risk quotient of these funds ranges between low, moderately low or moderate. The debt category mutual funds consist of Liquid Funds (AUM 10,575 crores, as on 31st May 2020), Gilt Funds (AUM 1,222.69 crores, as on 31st May 2020) and other Debt Schemes (AUM 14,407.53 crores, as on 31st May 2020).

Here is a list of the top five debt funds of DSP Mutual Fund.

DSP Hybrid Mutual Funds invest in a mix of asset categories (equity and debt) to give the best of both the worlds. They seek to generate capital appreciation in the long run along with regular current income. There are three hybrid funds in the DSP Mutual Funds product line- Equity & Bond Fund, Regular Savings Fund and Dynamic Asset Allocation Fund. In terms of returns, the first two funds have outperformed their respective benchmarks and have generated a CAGR (since inception) of 13.8% and 8.5% respectively. DSP Dynamic Asset Allocation is a new fund (launched in 2014) and has generated a 7.66% return in the last 5 years. The cumulative AUM of the Hybrid Funds was ₹6,732 crores on 31st May 2020.

DSP Mutual Fund has one tax saving product in their kitty. This open-ended ELSS is named DSP Tax Saver Fund. Investment (up to ₹1.5 Lakhs per financial year) in this fund qualified for tax deduction as per Section 80C of the Income Tax Act.

With only a three-year lock-in period, and minimum investment requirement of ₹500, DSP Tax Saver Fund is a great choice for investors looking for tax-savings in the current year and capital appreciation in the long - term horizon.

This scheme invests majorly in large-cap stocks (68%). In terms of sector allocation banks, Energy and Healthcare lead the chart. The fund has generated a CAGR of 11.83% since inception in 2007. The AUM as on 31st May 2020 was ₹5,359 crores.

• DSP Mid Cap Fund

  • Investment Objective:

    The investment objective of the DSP Mid Cap Fund is to generate long term capital appreciation by investing in a diversified equity and equity-related portfolio of instruments of midcap companies.

  • Fund Details:

    The Fund Category of DSP Mid Cap Fund is Mid Cap with an AUM of ₹6,498 crores as on 31st May 2020. The scheme was launched on 14-Nov-2006. The NAV for the Regular Plan, Growth was ₹54.09 and the same for Direct Plan, Growth was ₹57.28, as on 26th June 2020. The returns for the Regular Plan, Growth was 13.19% and for Direct Plan, Growth is 14.69%, since inception as on 31st May 2020. The benchmark for this scheme is Nifty Midcap 100 TRI.

    The expense of the DSP Mid Cap Fund is 1.90% for regular plans and 1% for direct plans. There would be an exit load would be 1% if you redeem before completion of one year from the date of investment.

    DSP Midcap Fund has maximum holding in the Financial and Healthcare sector.

    The Top 5 Equity holding as on 31st May 2020 is:

    Company	Sector	% Assets
    Ipca Laboratories	Healthcare	4.6
    Divi's Laboratories	Healthcare	3.8
    Balkrishna Industries	Automobile	3.73
    Coromandel International	Chemicals	3.68
    Bata India	FMCG	3.24

    The minimum lump sum and SIP investment in DSP Mid Cap Fund is ₹500.

• DSP Small Cap Fund

  • Investment Objective:

    The investment objective of the DSP Small Cap Fund is to generate long term capital appreciation by investing in a diversified equity and equity related portfolio of instruments of small-cap companies.

  • Fund Details:

    The Fund Category of DSP Small Cap Fund is Small Cap Funds. The fund AUM was ₹3,891 crores as on 31st May 2020. The scheme was launched on 14-jun-2007. The NAV for the Regular Plan, Growth was ₹49.41 and the same for Direct Plan, Growth was ₹51.91, as on 26th June 2020. The returns for the Regular Plan, Growth was 13.03% and for Direct Plan, Growth is 15.47%, since inception as on 31st May 2020. The benchmark for this scheme is S&P BSE Small-cap TRI.

    The expense ratio of the DSP Small Cap Fund is 2.02% for regular plans and 1.11% for direct plans. There would be an exit load would be 1% if you redeem before completion of one year from date of investment.

    DSP Small cap Fund has maximum exposures in stocks of Chemical and Healthcare sector. The Top 5 Equity holding as on 31st May 2020 is:

    Company	Sector	% Assets
    Ipca Laboratories	Healthcare	6.87
    Atul	Chemicals	5.94
    JB Chemicals & Pharma	Healthcare	3.4
    Manappuram Finance	Financial	3.28
    APL Apollo Tubes	Metals	3.16

    The minimum investment in DSP Small Cap Fund SIP is ₹500.

• DSP Tax Saver Fund

  • Investment Objective:

    The investment objective of the DSP Tax Saver Fund is to generate medium to long term capital appreciation from a diversified portfolio of equity and equity related instruments along with tax saving under section 80c. Also, since there is a 3-year lock-in during which the money is definitely invested, the fund manager can take an informed decision without worrying about redemption pressure.

  • Fund Details:

    The Fund Category of DSP Tax Saver Fund is Equity - Tax Saving Fund with an AUM of ₹5,359 crores as on 31st May 2020. The scheme was launched on 18- Jan-2007. The NAV for the Regular Plan, Growth was ₹44.58 and the same for Direct Plan, Growth was ₹47.21, as on 31st May 2020. The returns for the Regular Plan, Growth was 11.75% and for Direct Plan, Growth is 12.74%, since inception as on 29th June 2020. The benchmark for this scheme is Nifty 500 TRI.

    The expense of the DSP Tax Saver Fund is 1.87% for regular plans and 0.94% for direct plans.

    DSP Tax Saver Fund has maximum exposure in stocks of the Financial and Energy sector. The Top holding as on 31st May 2020 is:

    Company	Sector	% Assets
    ICICI Bank	Financial	8.58
    HDFC Bank	Financial	7.11
    Bharti Airtel	Communication	6.31
    Reliance Industries	Energy	4.07
    Ultratech Cement	Construction	2.86

    The minimum lump sum and SIP investment in DSP Tax Saver Fund is ₹500.

• DSP Equity Opportunities Fund

  • Investment Objective:

    The investment objective of the DSP Equity Opportunities Fund is to generate long term wealth creation by investing in a diversified equity and equity related portfolio of instruments of large cap and mid cap companies.

  • Fund Details:

    The Fund Category of DSP Equity Opportunity Fund is Large and Mid-Cap with an AUM of ₹4,343 crores as on 31st May 2020. The scheme was launched on 16- May-2000. The NAV for the Regular Plan, Growth was ₹204.23 and the same for Direct Plan, Growth was ₹217.23, as on 31st May 2020. The returns for the Regular Plan, Growth was 16.16% and for Direct Plan, Growth is 12.08%, since inception as on 29th June 2020. The benchmark for this scheme is Nifty Large Midcap 250 (TRI).

    The expense of the DSP Equity Opportunity Fund is 1.96% for regular plans and 0.97% for direct plans. There would be an exit load would be 1% if you redeem before completion of one year from date of investment.

    DSP Equity opportunity Fund has maximum exposure in stocks of the Banking Sector. The Top 5 holding as on 31st May 2020 is:

    Company	Sector	% Assets
    ICICI Bank	Financial	8.35
    HDFC Bank	Financial	6.3
    Bharti Airtel	Communication	6.18
    HDFC 364-D 09/09/2020	Commercial Paper	5.57
    Reliance Industries	Energy	2.55

    The minimum lump sum and SIP investment in DSP Equity Opportunity Fund is Rs 500.

• DSP Liquidity Fund

  • Investment Objective:

    The Investment objective of DSP Liquidity Fund is to generate reasonable returns commensurate with low risk and high degree of liquidity from a portfolio of money market and high quality debt securities.

  • Fund Details:

    The Fund Category of DSP Liquidity Fund is Liquid fund with an AUM of ₹10,575 crores as on 31st May 2020. The scheme was launched on 23rd Nov 2005. The NAV for the Regular Plan, Growth was ₹2852.15 and the same for Direct Plan, Growth was ₹2871.47, as on 29th June 2020. The returns for the Regular Plan, Growth was 7.44% and for Direct Plan, Growth is 7.72%, since inception as on 29th June 2020. The benchmark for this scheme is CRISIL Liquid Fund Index.

    The expense ratio of the DSP Liquidity Fund is 0.22% for regular plans and 0.14% for direct plans. The Exit Load would be of 0.0070% if redeemed between 0-1 days, 0.0065% if redeemed between 0-2 days, 0.0060% if redeemed between 0-3 days, 0.0055% if redeemed between 0-4 days, 0.0050% if redeemed between 0-5 days, 0.0045% if redeemed between 0-6 days, from date of investment.

    The Top 5 holding as on 31st May 2020 is:

    Instruments	Ratings	% Assets
    Reserve Bank of India 84-D 20/08/2020	SOV	14.08
    Reserve Bank of India 91-D 25/06/2020	SOV	9.25
    Reserve Bank of India 77-D 16/06/2020	SOV	6.33
    Reserve Bank of India 84-D SOV 5.47	A1+	3.78

    The minimum lump sum as well as SIP investment in DSP Liquidity Fund is ₹500.

The customers can contact the DSP Mutual Fund office in the two below mentioned details

To invest online in DSP Mutual funds, an investor can download the ET Money app and look for the fund in the mutual fund category. This app works on a no-commission basis.

Moreover, an investor gets a whole set of funds from the same and other Asset Management companies in the same categories to check and compare before he invest in DSP Mutual fund

• Mr. Vinit Sambre:

  Head Equities

  Vinit Sambre had joined DSP Blackrock Mutual Fund as a Portfolio Analyst in the year 2007 in the Portfolio Management Service division. His then focus area was the Pharmaceutical, Fertilizer, Power Utility, Chemical, and Textile Industry.

  Mr. Sabre is a Chartered Accountant and specializes in the mid-cap and the small-cap equity and has a good number of about 16 years of experience in the field. And with such expertise, he manages the DSP Micro Cap Fund, DSP Small Cap, and DSP Mid Cap Fund.

  He had also been a part of DSM Merrill Lynch in its Global Private Client Business Sector and also as an Equity Strategist. Prior to that, he had been a part of the IL&FS Investmart Limited and UTI Investment Advisory Service and in both the companies he had been an Equity Analyst but in a completely different category of equity-oriented funds.

• Mr. Saurabh Bhatia:

  Head-Fixed Income and Fund Manager

  Mr. Saurabh Bhatia is the head of the Fixed Income Funds of DSP Blackrock Mutual Fund . He had joined DSP Mutual funds as the Vice- President in Fixed Income Team. He had a rich experience of 16 years in the Fixed Income segment before he had joined DSP Blackrock Mutual Fund.

  He had been with ICICI Bank, HSBC Asset Management Company, Sahara India Financial Corporation Ltd. and few other companies of the financial sector.

• Mr. Rohit Singhania:

  Co-Head Equities

  Mr. Rohit Singhania had joined DSP Investments Managers in 2005 and had been the Portfolio Analyst of the Portfolio Management Service segment, and was transferred to the Institutional Equity Team of the DSP Investment Manager in June 2009. He is a research analyst who had the Auto, Auto Ancillaries, Infrastructure, Metal, Hotel and Sugar as his target industries.

  Presently he is the Fund Manager of DSP India T.I.G.E.R. Fund whose full form is The Infrastructure Growth and Economic Reform Fund, the DSP Tax Saver Fund, DSP Equity Opportunities Fund, and the Co-Fund Manager of the DSP Natural Resource and New Energy Fund.

  Prior to joining DSP Mutual Fund, he had been with HDFC Securities as a Sr. Equity Analyst of the Institutional Equities Research Desk.