DSP Credit Risk Fund
Plan type

	CAGR since inception

Scheme Type:

Scheme Risk:
Moderately High Risk
Age:
21 years 10 months since May 13, 2003
AUM:
Rs. 191.61 crores as of Feb 28, 2025
Horizon:
3 Years+
Benchmark:
CRISIL Credit Risk Debt B-II Inde…
Potential Risk Class Matrix
Benchmark Risk:
Moderately High Risk
Goal:
Income Generation

Scheme features

Performance

Cumulative returns

Returns from of Rs. invested

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Annualized Returns

Absolute Returns

This scheme		CRISIL Cred…	CRISIL 10 Y…	Gold	PPF
NA	vs	NA	NA	NA	NA
NA	vs	NA	NA	NA	NA

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Returns calculator

	This scheme	CRISIL Cred… ^#	CRISIL 10 Y… ^#	Gold	PPF
# Returns do not reflect any income distribution cum capital withdrawal (IDCW) distribution

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Returns summary

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Rolling returns

	1 Year	3 Years	5 Years	10 Years
# Rolling returns have been calculated based on returns from regular plan growth option.

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Fund Managers

Vivek Ramakrishnan

Total work experience of 30 years. Managing this fund since July 2021. See all funds managed by Vivek Ramakrishnan »
Shalini Vasanta

Total work experience of 12 years. Managing this fund since August 2024. See all funds managed by Shalini Vasanta »

Investment Objective

The primary investment objective 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 ...more

Scheme Description

Minimum investment in corporate bonds - 65% of total assets.

Scheme Documents

KIM & Application

Historical Returns

In SEBI format

Comparative performance of DSP Credit Risk Fund as of
	DSP Credit Risk Fun…	CRISIL Cred… ^{^}	CRISIL 10 Y… ^#
Date of allotment: May 13, 2003. 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 28, 2013 See all funds managed by Vivek Ramakrishnan » See all funds managed by Shalini Vasanta » Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments ^ Fund Benchmark # Additional Benchmark

Scheme disclaimers »

Portfolio as of Feb 28, 2025

Equity

Market capitalization

No data to display

Sector allocation

No data to display

Debt & debt instruments

Credit rating profile

No data to display

Instrument break-up

No data to display

Top 5 instruments by holding
Name	% of Net Assets
6.79% GOI 2034	10.77%
ADITYA BIRLA RENEWABLES LIMITED	8.13%
NUVOCO VISTAS CORPORATION LIMITED	8.11%
JSW STEEL LIMITED	8.1%
6.92% GOI 2039	8%
See detailed debt holdings »

Prescribed Asset Allocation

65% - 100% Investment in corporate bonds…
0% - 35% Investment in other debt and …

See complete asset allocation »

Current Asset Allocation as of Feb 28, 2025

Debt Instruments see breakup 99.77% (99.77}%)

Indicators

Yield to Maturity
7.81 %
Modified Duration
2.18 Years
Portfolio Macaulay Duration
2.29 Years
Average Maturity
2.95 Years

Vivek Ramakrishnan

Vivek has a diversified experience in credit analysis and banking spanning over two decades. He started his career in finance with CRISIL as a Credit Analyst in 1995, moved on to ICICI Prudential Mutual Fund in 2001 where he worked as Credit Analyst and Fund Manager. Thereafter, Vivek joined Standard Chartered Bank in 2004, where he worked in multiple roles in his 15 year stint which included Research (Head Fixed Income Credit Analysis, where he covered USD bonds for Asian issuers), Capital Markets and Relationship Management - in his last assignment with the Bank, he was working as an Executive Director and Head Finance Companies. He joined DSP Mutual Funds as Vice President, Investments in October 2019. Vivek is a Ph.D & Master of Science in Materials Science from University of Southern California and B.Tech from Indian Institute of Technology, Madras.

All Funds managed by Vivek Ramakrishnan
Sr. No.	Scheme Name	Managing since	Period
Sr. No.	Scheme Name	Managing since	1 Year		3 Years		5 Years
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

Shalini Vasanta

Shalini has a total work experience of Over 11 years. She is part of the fixed income team at DSP Asset Manager's since 2017. Shalini has also worked with ICRA Ltd. as a Credit Rating Analyst in their Large Corporate Group. She holds a Master of Business Administration (Finance) degree from NMIMS, Mumbai and BA with Hons in Economics & Statistics from St. Xavier's College, Mumbai.

All Funds managed by Shalini Vasanta
Sr. No.	Scheme Name	Managing since	Period
Sr. No.	Scheme Name	Managing since	1 Year		3 Years		5 Years
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

Debt holdings for DSP Credit Risk Fund

Bonds & NCDs73.82%

Name	Rating	% of Net Assets
ADITYA BIRLA RENEWABLES LIMITED	CRISIL AA	8.13%
NUVOCO VISTAS CORPORATION LIMITED	CRISIL AA	8.11%
JSW STEEL LIMITED	IND AA	8.1%
TATA HOUSING DEVELOPMENT COMPANY LIMITED	CARE AA	7.93%
NIRMA LIMITED	CRISIL AA	7.85%
ADITYA BIRLA REAL ESTATE LIMITED	CRISIL AA	5.53%
TATA PROJECTS LIMITED	IND AA	5.48%
SIKKA PORTS & TERMINALS LIMITED	CRISIL AAA	5.46%
AADHAR HOUSING FINANCE LIMITED	ICRA AA	5.26%
INDOSTAR CAPITAL FINANCE LIMITED	CRISIL AA-	5.25%
TATA PROJECTS LIMITED	CRISIL AA	2.76%
360 ONE PRIME LIMITED	CRISIL AA	2.64%
BELSTAR MICROFINANCE LIMITED	CRISIL AA	1.32%

74% of Debt instruments

Government Securities (Central/State)18.77%

Name	Rating	% of Net Assets
6.79% GOI 2034	SOV	10.77%
6.92% GOI 2039	SOV	8%

18.8% of Debt instruments

TREPS6.85%

Name	Rating	% of Net Assets
TREPS / REVERSE REPO INVESTMENTS	--	6.85%

6.9% of Debt instruments

Mutual-funds0.33%

Name	Rating	% of Net Assets
SBI FUNDS MANAGEMENT PVT LTD/FUND PARENT	Mutual Funds	0.33%

0.3% of Debt instruments

For lumpsum investments, if the investment period is less than 1 year then same return values are displayed for absolute & XIRR. For periods above 1 year, they are annualized. 1 Year is assumed as 365 days.
Returns for investments in income distribution cum capital withdrawal (IDCW) plans of schemes are calculated after assuming that the net income distribution cum capital withdrawal (IDCW) payouts post statutory taxes & levies, are re-invested back in the scheme.
Income distribution cum capital withdrawals (IDCW) declared from benchmark's constituents isn't taken into account when comparing with investment in fund's income distribution cum capital withdrawal (IDCW) plans.
Performance is always compared against the latest benchmark of the fund irrespective of the date of change of fund's benchmark, if any.
Except when SIP tenure is since inception, for all tenures, the start day for SIP investments is considered as 1st of every month. There is no end date to SIPs for the purpose of graphs.
For the purpose of NAV date applicability, if the investment date happens to be a non-business day, next business day's NAV is applied. Investment on inception date can happen on a non-business day.
Gold prices are available post 29 JAN, 2005 & are based on daily closing values on MCX.
Investment in gold has a strong global market demand and gold is highly liquid asset.
PPF interest rate is assumed at 8.7% p.a. & interest received is compounded daily for the returns illustration in the charts.
The comparison with PPF (and other traditional saving instruments/assets) has been given for the purpose of the general information only. Investments in mutual funds should not be construed as a promise, guarantee on or a forecast of any minimum returns. Unlike traditional saving instruments there is no capital protection guarantee or assurance of any return in mutual fund investment. Traditional savings instruments are comparatively low risk products and are generally backed by the Government. Investment in mutual funds carries high risk as compared to the traditional saving instruments and any investment decision needs to be taken only after consulting the Tax Consultant or Mutual Fund Distributor.
Past performance may or may not sustain in future and should not be used as a basis for comparison with other investments. There is no assurance of any returns/capital protection/capital guarantee to the investors in any scheme of DSP Mutual Fund.
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.
The sector(s)/stock(s)/issuer(s) mentioned in this document do not constitute any recommendation of the same and the Fund may or may not have any future position in these sector(s)/stock(s)/issuer(s).
The investment approach / framework/ strategy / portfolio / other data mentioned herein are dated and currently followed by the scheme and the same may change in future depending on market conditions and other factors.
The SIP returns are calculated by XIRR approach assuming investment of Rs. 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash infows and outflows with the correct allowance for the time impact of the transactions. Load is not taken into consideration for computation of performance.

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Performance

Historical Returns

Portfolio as of Feb 28, 2025

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DSP Equity Savings Fund presentation

Vivek Ramakrishnan

Shalini Vasanta

Asset Allocation for DSP Credit Risk Fund

Debt holdings for DSP Credit Risk Fund

Bonds & NCDs73.82%

Government Securities (Central/State)18.77%

TREPS6.85%

Mutual-funds0.33%

DSP Credit Risk Fund presentation