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DSP Corporate Bond Fund

Benchmark: CRISIL Corporate Debt A-II Index

11.09K people have invested in this fund

LumpsumMonthly SIPView performance details

Return:

Annualized

Absolute

This fund

18.00%

CRISIL Corporate Debt A-II Index

14.30%

CRISIL 10 Year Gilt Index

14.15%

team 11.09K people have invested in this fund as of

Total AUM

₹2,576.32 crores
as of Dec 31, 2024

Age of Fund

6 years 4 months since Sep 10, 2018

Expense Ratio

0.28%
as of Jan 31, 2025

Exit Load

Nil

Ideal holding period

3 Years+

Portfolio

Current Allocation

as of Dec 31, 2024

Equity 0%
Debt / cash 99.93%

Equity
Debt / Cash

Top holdings

No Data to display

Top Sectors

No Data to display

Top holdings

No Data to display

Top holdings

7.38% GOI 2027

12.83%

Indian Oil Corporation Limited

7.01%

National Bank for Agriculture and Rural Development

5.13%

LIC Housing Finance Limited

5.03%

Bajaj Housing Finance Limited

4.07%

Cash & cash equivalents

0.07%

Credit rating profile

CRISIL AAA

73.60%

SOV

13.80%

ICRA AAA

11.20%

Cash & Equivalent

1.00%

Uncategorized

0.30%

Instrument break-up

Bonds & NCDs

84.90%

Government Securities (Central/State)

13.80%

TREPS

1.00%

Mutual-funds

0.30%

See all 44 holdings

Indicators

Yield to Maturity

7.46 %

Modified Duration

1.89 Years

Portfolio Macaulay Duration

2.02 Years

Average Maturity

2.19 Years

Compare 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 Returnsas of with investment of₹10,000
As per SEBI format
As per IDCW history

	This fund		CRISIL Corporate Debt A-II Ind… ^{^}		CRISIL 10 Year Gilt In… ^#
	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

Graph viewTable view

Invested as

Invested Amount

₹

Invested since

This fund

CRISIL Corporate Debt …

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: Sep 10, 2018.

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.

^ Fund Benchmark # Additional Benchmark

Scheme disclaimers

Fund Details

Things to know before you invest

What is in DSP Corporate Bond Fund?

DSP Corporate Bond fund invests primarily in high-quality corporate debt securities rated AAA.
It is run as a 'roll down' strategy (tenure depends on market yields & expectations from the interest rate cycle). This means the fund maturity reduces with time and at the end of the designated roll-down period, its maturity profile gets reset and again reduces with time.
Current roll-down will get reset in Year 2027.

Why should one invest in DSP Corporate Bond Fund?

Roll down fund can help in providing visibility of returns over period of roll-down.
Reducing duration also reduces interest rate risk every passing month.
A credible alternative to a 3-year+ bank FD.

Who should invest in DSP Corporate Bond Fund?

Consider this fund if you
- Are a relatively new debt market investor.
- 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.
- Understand the basics of debt investing.

Rethink before you invest

Corporate Bond Fund carries Moderate Risk.
Corporate bonds may outperform government bonds when the economy is doing well but may underperform when the economy is slowing down as in such times, relatively 'safer' instruments are preferred.
This is not an equity-oriented fund, so do not expect very high returns.

Fund managers:

Vivek Ramakrishnan

Total work experience of 30 years. Managing this fund since July 2021.

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Total work experience of 30 years. Managing this fund since July 2021.

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Shantanu Godambe

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

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

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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.

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 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

Investment Objective

The primary investment objective of the Scheme is to seek to generate regular income and capital appreciation commensurate with risk from a portfolio predominantly investing in corporate debt securities across maturities which are rated AA+ and above, in addition to debt instruments issued by central and state governments and money market securities.
There is no assurance that the investment objective of the Scheme will be realized

Fund Type

Debt – Income

Corporate Bond Fund

An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds.
A relatively high interest rate risk and moderate credit risk.

Riskometer

Level of Risk in the fund

View details

Potential Risk Class Matrix : B-III

B-III is the potential risk class matrix of DSP Corporate Bond Fund based on interest rate & credit risk.

Fund Documents

KIM and Applications

11.09K peoplehave invested in this fund as of

84.82%

Name	% of Net Assets
Indian Oil Corporation Limited	7.01%
National Bank for Agriculture and Rural Development	5.13%
LIC Housing Finance Limited	5.03%
Bajaj Housing Finance Limited	4.07%
Small Industries Development Bank of India	3.96%
Indian Railway Finance Corporation Limited	3.46%
REC Limited	3.26%
National Bank for Agriculture and Rural Development	3.11%
Power Finance Corporation Limited	3.10%
Sundaram Finance Limited	2.96%
Jamnagar Utilities & Power Private Limited	2.90%
Power Grid Corporation of India Limited	2.42%
Small Industries Development Bank of India	2.09%
Bajaj Finance Limited	2.07%
REC Limited	2.05%
Indian Railway Finance Corporation Limited	2.05%
NIIF Infrastructure Finance Limited	2.02%
Power Finance Corporation Limited	2.02%
Export-Import Bank of India	1.99%
Indian Railway Finance Corporation Limited	1.99%
Sikka Ports & Terminals Limited	1.97%
Power Finance Corporation Limited	1.60%
Sikka Ports & Terminals Limited	1.57%
Nuclear Power Corporation Of India Limited	1.46%
Power Grid Corporation of India Limited	1.39%
Bajaj Finance Limited	1.19%
REC Limited	1.04%
Kotak Mahindra Prime Limited	1.03%
Tata Capital Limited	1.03%
Small Industries Development Bank of India	1.03%
Tata Capital Limited	1.02%
Grasim Industries Limited	1.01%
Bajaj Finance Limited	1.01%
Small Industries Development Bank of India	1.01%
National Bank for Agriculture and Rural Development	0.99%
HDFC Bank Limited	0.98%
Nuclear Power Corporation Of India Limited	0.97%
Power Finance Corporation Limited	0.80%
ICICI Home Finance Company Limited	0.62%
LIC Housing Finance Limited	0.41%

84.9% of Debt instruments

13.81%

Name	% of Net Assets
7.38% GOI 2027	12.83%
7.02% GOI 2027	0.98%

13.8% of Debt instruments

1.02%

Name	% of Net Assets
TREPS / Reverse Repo Investments	1.02%

1% of Debt instruments

0.28%

Name	% of Net Assets
SBI Funds Management Pvt Ltd/Fund Parent	0.28%

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.
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 ?nal value and a series of cash in?ows and out?ows 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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DSP Corporate Bond Fund

DSP Corporate Bond Fund

Portfolio

Current Allocation

Indicators

Compare Performance

Invested Amount

Invested Amount

Fund Details

Fund Details

Things to know before you invest

What is in DSP Corporate Bond Fund?

Why should one invest in DSP Corporate Bond Fund?

Who should invest in DSP Corporate Bond Fund?

Rethink before you invest

Fund managers:

Investment Objective

Fund Type

Riskometer

Fund Documents

Products Offered

Product Information

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DSP Corporate Bond Fund

DSP Corporate Bond Fund

Portfolio

Current Allocation

Indicators

Compare Performance

Invested Amount

Invested Amount

Fund Details

Fund Details

Things to know before you invest

What is in DSP Corporate Bond Fund?

Why should one invest in DSP Corporate Bond Fund?

Who should invest in DSP Corporate Bond Fund?

Rethink before you invest

Fund managers:

Investment Objective

Fund Type

Riskometer

Fund Documents

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