Sure, savings account offer liquidity and security. But what about interest rates? Akash unfixed his money and discovered an option that gave him not only flexibility but also a chance to earn better returns.
Fixed deposits are strict. They limit you in many ways. Sanjay wanted to liberate his money. This is the story of his quest and discovery of a better solution.
DSP Money Manager Fund aims to give you best of both worlds - instant liquidity
like a
savings account and a chance for growth like fixed deposit - without the limitations of both!
It usually invests your money in debt securities of highly rated corporates. The fund declares the complete list of these securities every month in a transparent manner
The fund usually invests in highly rated debt securities that are up for maturity within 180 days from the date of investment. Interest rates over short duration are less likely to be volatile, and hence investments made in this fund are relatively safe
The fund keeps only 0.25%* of investment value as its fees. It's unlike your savings account, where the bank retains the majority of the interest earned on your money with themselves
*Expense ratio of DSP Money Manager Fund direct plan as on February 28, 2017.
Isn't this convincing enough?
Let's go ahead and unfix your money.
DSP Money Manager Fund is an income scheme, that aims to generate returns by investing in money market instruments and/or debt securities
Income schemes are fixed income funds that
- Aim to generate returns by investing in companies or financial institutions through money market instruments and/or debt securities
- The interest that they earn from these investments forms the basis of returns generated by these funds
Yes
- In equity funds, the money is invested in stocks of the company while debt funds including DSP Money Manager Fund invest in bonds or deposits of various kinds.
- DSP Money Manager Fund mostly invests money in bonds or deposits issued by highly rated companies. This may reduce the credit risk - the possibility of the lender not being able to pay back the principal and the interest
- Additionally, DSP Money Manager Fund typically buys bonds or deposits papers of shorter duration - this means when the fund manager of this scheme chooses to invest in a paper, then, at the time of investment, the residual maturity of the paper doesn't exceed 180 days. It is unlikely that the credit or financial situation of a highly rated company can degrade in such a short span of time
- This short duration also ensures mitigation of another type of risk debt funds have- interest rate risk
- Interest rate changes in economy can affect the market price of debt securities which eventually affects returns generated. However since over short-term interest rates don't change drastically, nor do the price of these type of debt securities. And hence, the returns which you may get from DSP Money Manager Fund could be relatively stable
- Yes. With our Instant Redemption feature you now get similar liquidity as a savings bank account
- The money gets transferred instantly to your account the moment you request it. Be it 2:00 a.m. in the night or a holiday. Even if you have to pay for movies or say a restaurant, simply put in a request and get redemption amount instantly.
Yes, just maintain requisite minimum balance and invest rest of your savings like
- Emergency fund or the money that is sitting idle in your savings account
- The money that is blocked in Fixed Deposits
In Money Manager Fund your money will work harder and aims to generate better returns for you
The comparison with Fixed Deposits/Savings Bank account has been given for the purpose of the general information only. An investment in mutual funds is not a mode of savings and should not be construed as a promise, guarantee on or a forecast of any minimum returns. Unlike saving bank account /fixed deposit with Banks there is no capital protection guarantee or assurance of any return in mutual fund investment. Investment in mutual funds as compared to Fixed Deposits/savings bank carry high risk and any investment decision needs to be taken only after consulting the Tax Consultant or Mutual Fund Distributor. For complete asset allocation, investment objective, risk factors etc. of the Scheme, investors are requested to refer the Scheme Information Document available at www.dspim.com In case of mutual fund TDS will be deducted for NRI Investors. In case of FD, TDS could be deducted if interest amount is beyond threshold” For detailed terms and conditions applicable for instant redemption, please visit https://www.dspim.com/
| Period | DSP Short Term Fund | CRISIL Short Term Bond Fund Index^ | Crisil 1 Year T-Bill Index# |
|---|---|---|---|
| December 31, 2015 to December 30, 2016 | 8.87% | 9.83% | 7.26% |
| December 31, 2014 to December 31, 2015 | 8.19% | 8.66% | 8.22% |
| December 31, 2013 to December 31, 2014 | 10.62% | 10.47% | 8.56% |
| Since Inception (CAGR) | 7.31% | 7.24% | 5.95% |
| Since Inception (Value*) | 27472 | 27203 | 22873 |
| NAV/Index Value (as of December 30, 2016) | 274717 | 2836.57 | 4695.34 |
| Date of Allotment | 09-09-2002 | ||
^Scheme Benchmark. #Standard Benchmark.*Based on investment of Rs.10,000 made at inception. All returns are for Regular Plan - Growth Option.
Since inception returns have been calculated from the date of allotment till 30 December 2016. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments
| Period | DSP Short Term Fund | Composite Benchmark^ | Nifty 50# |
|---|---|---|---|
| December 31, 2015 to December 30, 2016 | 4.42% | 8.33% | 3.01% |
| December 31, 2014 to December 31, 2015 | 1.65% | 4.06% | -4.06% |
| Since Inception (CAGR) | 3.90% | 6.61% | 1.56% |
| Since Inception (Value*) | 10946 | 11633 | 10373 |
| NAV/Index Value (as of December 30, 2016) | 109459 | 116.33 | 8.185.80 |
| Date of Allotment | 21-08-2014 | ||
^Fund Benchmark. (Composite Benchmark = (36% S&P 500 Composite; 24% FTSE World (ex-US); 24% ML US Treasury Current 5 Year; 16% Citigroup Non-USD World Government Bond Index) ; Normalised Values ). #Standard Benchmark.*
Based on investment of Rs.10,000 made at inception. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 30 December 2016. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
| Period | DSP Ultra Short Term Fund | Composite Benchmark^ | Crisil 91 Day T-Bill Index# |
|---|---|---|---|
| December 31, 2015 to December 30, 2016 | 8.50% | 7.86% | 6.94% |
| Since Inception (CAGR) | 8.67% | 8.13% | 7.43% |
| Since Inception (Value*) | 11624 | 11520 | 11386 |
| NAV/Index Value (as of December 30, 2016 | 11.6241 | 1151.98 | 4591.86 |
| Date of Allotment | 10-03-2015 | ||
^Fund Benchmark. (Composite Benchmark = (50% of CRISIL Composite CP Index + 50% of CRISIL Composite CD Index) #Standard Benchmark.
*Based on investment of Rs.10,000 made at inception. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 30 December 2016. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
| Period | DSP Money Manager Fund - RP | CRISIL Liquid Fund Index^ | CRISIL 1 Year T-Bill Index# |
|---|---|---|---|
| December 31, 2015 to December 30, 2016 | 7.49% | 7.48% | 7.27% |
| December 31, 2014 to December 31, 2015 | 7.94% | 8.23% | 8.22% |
| December 31, 2013 to December 31, 2014 | 8.77% | 9.21% | 8.56% |
| Since Inception (CAGR) | 7.61% | 7.58% | 6.35% |
| Since Inception (Value*) | Rs. 21,475 | Rs. 21,410 | Rs. 19,007 |
| NAV/Index Value (as of December 30, 2016) | Rs. 2,147.4781 | Rs. 2,642.58 | Rs. 4,695.34 |
| Date of Allotment | 31-07-06 | ||
^Scheme Benchmark. #Standard Benchmark.*Based on investment of Rs. 10,000 made at inception. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 30 December 2016.
Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
| Period | DSP Treasury Bill Fund | CRISIL Composite T-Bill Index^ | Crisil 1 Year T-Bill Index# |
|---|---|---|---|
| Last 7 days till February 28, 2017 | 6.08% | 6.73% | 7.13% |
| Last 15 days till February 28, 2017 | 5.85% | 6.81% | 7.23% |
| Last 1 Month till February 28, 2017 | 5.64% | 5.99% | 5.33% |
| February 26, 2016 to February 28, 2017 | 6.68% | 7.02% | 7.31% |
| February 27, 2015 to February 26, 2016 | 7.23% | 7.96% | 7.98% |
| February 28, 2014 to February 27, 2015 | 8.20% | 8.82% | 8.64% |
| Since Inception (CAGR) | 6.89% | NA1 | 6.53% |
| Since Inception (Value*) | 31,943 | NA1 | 30,111 |
| NAV/Index Value (as of February 28, 2017) | 31.9425 | 2,112.75 | 4,744.23 |
| Date of Allotment | 30-09-1999 | ||
^Scheme Benchmark. #Standard Benchmark.*Based on investment of Rs.10,000 made at inception. All returns are for Regular Plan - Growth Option. Since historical data is not available, performance has not been compared.
Since inception returns have been calculated from the date of allotment till 31 January 2017. Returns shown for 7 days, 15 days and 30 days are computed on simple annualised basis. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
| Period | DSP Dynamic Asset Allocation Fund | CRISIL Balanced Fund - Aggressive Index^ | Nifty 50# |
|---|---|---|---|
| December 31, 2015 to December 30, 2016 | 7.67% | 6.66% | 3.01% |
| December 31, 2014 to December 31, 2015 | 4.47% | 0.48% | -4.06% |
| Since Inception (CAGR) | 8.68% | 11.64% | 11.08% |
| Since Inception (Value*) | 12728 | 13760 | 13561 |
| NAV/Index Value (as of December 30, 2016) | 12.7279 | 5458.18 | 8185.8 |
| Date of Allotment | 06-02-2014 | ||
^Scheme Benchmark. #Standard Benchmark. *Based on investment of Rs.10,000 made at inception. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 30 December 2016. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
| Period | DSP US Flexible Equity Fund | Russell 1000 Index^ | Nifty 50# |
|---|---|---|---|
| December 31, 2015 to December 30, 2016 | 9.82% | 15.00% | 3.01% |
| December 31, 2014 to December 31, 2015 | 2.53% | 5.72% | -4.06% |
| December 31, 2013 to December 31, 2014 | 13.12% | 15.75% | 31.39% |
| Since Inception (CAGR) | 15.88% | 19.32% | 10.76% |
| Since Inception (Value*) | 19159 | 21798 | 15695 |
| NAV/Index Value (as of December 30, 2016) | 19.1587 | 462442.41 | 8185.80 |
| Date of Allotment | 03-08-2012 | ||
^Scheme Benchmark. #Standard Benchmark. *Based on investment of Rs.10,000 made at inception. All returns are for Direct Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 30 December 2016. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Russell 1000 Index^ ~The term “Flexible” in the name of the Fund signifies that the Investment Manager of the Underlying Fund can invest either in growth or value investment characteristic securities placing an emphasis as the market outlook warrants
| Period | DSP MIP Fund | Crisil MIP Blended Fund Index^ | Crisil 1 Year T-Bill Index# |
|---|---|---|---|
| December 31, 2015 to December 30, 2016 | 10.73% | 11.55% | 7.27% |
| December 31, 2014 to December 31, 2015 | 4.79% | 6.79% | 8.22% |
| December 31, 2013 to December 31, 2014 | 18.53% | 16.83% | 8.56% |
| Since Inception (CAGR) | 9.95% | 8.39% | 6.03% |
| Since Inception (Value*) | 32933 | 27508 | 20875 |
| NAV/Index Value (as of December 30, 2016) | 32.9328 | 3401.40 | 469534 |
| Date of Allotment | 11-06-2004 | ||
^Scheme Benchmark. #Standard Benchmark. *Based on investment of Rs.10,000 made at inception. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 30 December 2016. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Monthly income is not assured and is subject to availability of distributable surplus
| Period | DSP Banking & PSU Debt Fund | CRISIL Short Term Bond Fund Index^ | Crisil 1 Year T-Bill Index# |
|---|---|---|---|
| December 31, 2015 to December 30, 2016 | 10.59% | 9.83% | 7.27% |
| December 31, 2014 to December 31, 2015 | 9.64% | 8.65% | 8.22% |
| December 31, 2013 to December 31, 2014 | 10.76% | 12.37% | 8.56% |
| 7.38% | 7.05% | 5.91% | |
| Since Inception (Value*) | 26426 | 25344 | 21899 |
| NAV/Index Value (as of December 30, 2016) | 26.4258 | 253.44 | 4695.34 |
| Date of Allotment | 14-09-2013 | ||
^Scheme Benchmark. #Standard Benchmark.*Based on investment of Rs.10,000 made at inception. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 30 December 2016 In case of allotment date is a non-business day, the Benchmark returns are computed using the latest available benchmark value on the allotment date. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
| Period | DSP Income Opportunities Fund - RP | Composite Benchmark^ | Crisil 1 Year T-Bill Index# |
|---|---|---|---|
| December 31, 2015 to December 30, 2016 | 10.58% | 11.38% | 7.27% |
| December 31, 2014 to December 31, 2015 | 9.64% | 8.56% | 8.22% |
| December 31, 2013 to December 31, 2014 | 10.76% | 12.37% | 8.56% |
| Since Inception (CAGR) | 7.38% | 7.05% | 5.91% |
| Since Inception (Value*) | 26426 | 25344 | 21898 |
| NAV/Index Value (as of December 30, 2016) | 26.4258 | 25344 | 4695.34 |
| Date of Allotment | 13-05-2003 | ||
^Fund Benchmark (Composite Benchmark = 50% of CRISIL Short Term Bond Fund Index + 50% of CRISIL Composite Bond Fund Index; Normalised Values). #Standard Benchmark.*Based on investment of Rs.10,000 made at inception. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 30 December 2016. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments
| Period | DSP Liquidity Fund - RP | Crisil Liquid Fund Index^ | Crisil 91 Day T-Bill Index# |
|---|---|---|---|
| Last 7 days till February 28, 2017 | 6.50% | 7.59% | 6.91% |
| Last 15 days till February 28, 2017 | 6.46% | 7.11% | 6.74% |
| Last 1 Month till February 28, 2017 | 6.41% | 6.86% | 6.16% |
| February 26, 2016 to February 28, 2017 | 7.39% | 7.50% | 6.84% |
| February 27, 2015 to February 26, 2016 | 7.99% | 7.95% | 7.95% |
| February 28, 2014 to February 27, 2015 | 8.82% | 9.14% | 8.92% |
| Since Inception (CAGR) | 7.26% | N1 | 6.64% |
| Since Inception (Value*) | 37,824 | N1 | 33,907 |
| NAV/Index Value (as of February 28, 2017) | 37.8241 | 2670.70 | 4639.42 |
| Date of Allotment | 11-03-1998 | ||
^Scheme Benchmark. #Standard Benchmark.*Based on investment of ` 10,000 made at inception. All returns are for Regular Plan - Growth Option. Since historical data is not available, performance has not been compared. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments
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For Product labelling of the schemes visit : https://www.dspim.com/invest/mutual-fund-schemes
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.