Update on DSP Fixed Income Schemes

First and foremost, we hope that you and your family are safe and healthy as the unprecedented health crisis continues.

Recently, debt markets have seen fluctuations. We understand such times can make you anxious. It is our responsibility to be transparent and help you feel confident about the overall quality and health of our fixed income funds suite.

Please have a look at the table below, which demonstrates how our risk frameworks operate to ensure the health and strength of our fixed income portfolios at an aggregate level.

Credit Ratings across all our Fixed Income Funds*	% of Total Fixed Income AUM
Cash and current assets (liquid assets)	11.40%
T-Bills/ G-Secs/ SOV/ State Govt Bonds/ AAA/A1+	85.00%
AA+	1.61%
AA	1.79%
AA- or below	0.20%
Total	100%

As the above table highlights, we have very limited exposure to riskier (lower-rated) securities across our total AUM of Rs.30,083cr in our suite of fixed income portfolios. We would like to reassure you that our portfolio managers along with our dedicated risk management team rigorously monitor and manage portfolio quality on a daily basis, as well as liquidity levels across all funds.

Should you wish to review any of our individual fixed income product portfolios, please click here and view our digital factsheet. If you have any further questions, please contact your distributor/ advisor or write to us at [email protected].

Be safe, be healthy.

* The above breakdown is across the total AUM of Rs 30,083cr in all our 13 open-ended fixed income schemes as on Apr 24, 2020. It doesn’t include the debt component of any of our hybrid schemes. Source: Internal.

The above mentioned credit ratings are dated and may undergo change and should not be considered as guarantee/assurance of future investments/holdings/returns/protection. The portfolios of our schemes are subject to change within the provisions of the Scheme Information Document (SID) of the various schemes and are function of inflows/outflows in/out of the concerned scheme(s). Before investing, investors should go through complete details on investment objective, investment strategy, asset allocation, lock-in period, scheme specific risk factors and any other details mentioned in the SID of the concerned schemes, available at AMC & registrar offices/ Investor Service Centres/AMC website www.dspim.com.