Invest in DSP Floater Fund Direct Growth Online

DSP Floater Fund

Total AUM

₹536.68 crores
as of Mar 31, 2025

Age of Fund

4 years 1 month since Mar 19, 2021

Expense Ratio

0.25%
as of Apr 24, 2025

Exit Load

Nil

Ideal holding period

3 Years+

Portfolio as of Mar 31, 2025

Debt 99.4%
Others 0.6%

Indian (99.4%)

Credit rating profile	Weight %
Cash & Equivalent	8.4 %
A1+	29.8 %
SOVEREIGN	29.2 %
AAA	18.7 %
AA+	14.0 %

Instrument break-up	Weight %
TREPS	8.4 %
Bonds & NCDs	32.6 %
Money market instruments	29.8 %
Government Securities (Central/State)	29.2 %

Holdings	Weight %
8.51% GOI FRB 2033	19.2 %
National Bank for Financing Infrastructure and Development	10.0 %
Bank of Baroda	9.2 %
Canara Bank	9.0 %
HDFC Bank Limited	8.9 %
TREPS / Reverse Repo Investments	8.9 %
Cholamandalam Investment and Finance Company Limited	5.0 %
REC Limited	4.9 %
Muthoot Finance Limited	4.9 %
Bharti Telecom Limited	4.8 %
REC Limited	4.8 %
7.14% Madhya Pradesh SDL 2043	4.7 %
National Bank for Agriculture and Rural Development	4.4 %
7.38% GOI 2027	3.9 %
7.12% Maharashtra SDL 2043	3.0 %
Cash & cash equivalents	-6.3 %
View All	99.4 %

Holdings	Weight %
SBI Funds Management Pvt Ltd/Fund Parent	0.6 %
	0.6 %

Indicators

Yield to Maturity

7.78 %

Modified Duration

2.85 Years

Portfolio Macaulay Duration

3.01 Years

Average Maturity

5.49 Years

Performance

Performance highlights over last

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investment

Cumulative returns on

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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

₹

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 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.

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 Floater Fund?

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.
This fund invests only in 'Sovereign' securities (Government Securities/ State Development Loans).
In addition, the fund also invests in Overnight Interest Rate Swaps (OIS).
Fund is actively managed to reduce impact of mark to market loss in scenario of rising interest rates.

Why should one invest in DSP Floater Fund?

Minimize impact of mark to market loss in event of rising interest rate cycle.
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.
No exposure to credit risk, as the fund seeks to invest only in Sovereign securities.

Who should invest in DSP Floater Fund?

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.

Rethink before you invest

Floater Fund carries Moderate Risk.
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.
This is not an equity-oriented fund, so do not expect very high returns.

Fund managers:

Shantanu Godambe

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

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

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Karan Mundhra

Total work experience of 17 years. Managing this fund since August 2024.

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Total work experience of 17 years. Managing this fund since August 2024.

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

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

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.