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DSP Ultra Short Fund Direct Growth
DebtUltra Short DurationLow to Moderate Risk
Direct
NAV (21-Nov-24)
₹3530.050.04%1D
Returns (Since Inception)
7.11%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹3,232 Cr
Expense Ratio
0.30%
ISIN
INF740K01ON5
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
DSP Ultra Short Fund Direct Growth is a Ultra Short Duration mutual fund schemes offered by DSP Mutual Fund. This fund has been in existence for 11 years, 10 months and 21 days, having been launched on 01-Jan-13.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹3530.05, Assets Under Management (AUM) of 3231.69 Crores, and an expense ratio of 0.3%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹3530.05, Assets Under Management (AUM) of 3231.69 Crores, and an expense ratio of 0.3%.
- DSP Ultra Short Fund Direct Growth has given a CAGR return of 7.11% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 35.25% in debts, and 64.53% in cash & cash equivalents.
- You can start investing in DSP Ultra Short Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.71%
+6.45% (Cat Avg.)
3 Years
+6.54%
+5.73% (Cat Avg.)
5 Years
+5.76%
+5.17% (Cat Avg.)
10 Years
+6.65%
+5.49% (Cat Avg.)
Since Inception
+7.11%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Debt | ₹1,139.18 Cr | 35.25% |
| Others | ₹2,092.51 Cr | 64.75% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹152.15 Cr | 4.67% |
| 364 DTB 05122024 | Bond - Gov't/Treasury | ₹124.25 Cr | 3.81% |
| 182 DTB 23012025 | Bond - Gov't/Treasury | ₹98.54 Cr | 3.02% |
| Punjab National Bank | Cash | ₹98.24 Cr | 3.01% |
| Bank Of Baroda** | Cash | ₹96.21 Cr | 2.95% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹92.61 Cr | 2.84% |
| Bank Of Baroda** | Cash | ₹73.32 Cr | 2.25% |
| Kotak Mahindra Bank Limited** | Cash | ₹73.16 Cr | 2.25% |
| Motilal Oswal Financial Services Limited** | Cash | ₹72.82 Cr | 2.23% |
| 182 DTB 30012025 | Bond - Gov't/Treasury | ₹59.05 Cr | 1.81% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹55.67 Cr | 1.71% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹54.12 Cr | 1.66% |
| Treps / Reverse Repo Investments | Cash - Repurchase Agreement | ₹53.82 Cr | 1.65% |
| The Tata Power Company Limited | Bond - Corporate Bond | ₹53.18 Cr | 1.63% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹52.75 Cr | 1.62% |
| Can Fin Homes Limited | Bond - Corporate Bond | ₹52.07 Cr | 1.60% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹51.99 Cr | 1.60% |
| Tata Capital Limited | Bond - Corporate Bond | ₹51.73 Cr | 1.59% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹51.33 Cr | 1.58% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹50.82 Cr | 1.56% |
| Sundaram Finance Limited | Bond - Corporate Bond | ₹50.71 Cr | 1.56% |
| Aditya Birla Renewables Limited | Bond - Corporate Bond | ₹50.55 Cr | 1.55% |
| 182 DTB 14112024 | Bond - Gov't/Treasury | ₹49.89 Cr | 1.53% |
| Nuvama Wealth Management Limited** | Cash | ₹49.76 Cr | 1.53% |
| Tata Projects Limited | Cash | ₹49.72 Cr | 1.53% |
| Iifl Finance Limited** | Cash | ₹49.48 Cr | 1.52% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹49.47 Cr | 1.52% |
| Standard Chartered Capital Limited** | Cash | ₹49.07 Cr | 1.51% |
| National Bank For Agriculture And Rural Development** | Cash | ₹49.05 Cr | 1.51% |
| Bank Of Baroda | Cash | ₹48.92 Cr | 1.50% |
| Idfc First Bank Limited** | Cash | ₹48.88 Cr | 1.50% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹48.86 Cr | 1.50% |
| National Bank For Agriculture And Rural Development** | Cash | ₹48.77 Cr | 1.50% |
| Hero Fincorp Limited** | Cash | ₹48.7 Cr | 1.49% |
| Idfc First Bank Limited** | Cash | ₹47.95 Cr | 1.47% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹47.9 Cr | 1.47% |
| National Bank For Agriculture And Rural Development** | Cash | ₹47.72 Cr | 1.46% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹47.51 Cr | 1.46% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹47.5 Cr | 1.46% |
| The Federal Bank Limited** | Cash | ₹47.3 Cr | 1.45% |
| Canara Bank | Cash | ₹47.07 Cr | 1.44% |
| Au Small Finance Bank Limited** | Cash | ₹46.75 Cr | 1.43% |
| INDIA UNIVERSAL TRUST AL1 | Bond - Asset Backed | ₹43.01 Cr | 1.32% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹41.39 Cr | 1.27% |
| India (Republic of) 0% | Bond - Gov't/Treasury | ₹39.65 Cr | 1.22% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹30.49 Cr | 0.94% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹27.02 Cr | 0.83% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹26.24 Cr | 0.81% |
| Rec Limited | Bond - Corporate Bond | ₹26.1 Cr | 0.80% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹26.02 Cr | 0.80% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.56 Cr | 0.78% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.4 Cr | 0.78% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹25.38 Cr | 0.78% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹25.18 Cr | 0.77% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.01 Cr | 0.77% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹24.83 Cr | 0.76% |
| Small Industries Development Bank Of India** | Cash | ₹24.77 Cr | 0.76% |
| Canara Bank** | Cash | ₹24.63 Cr | 0.76% |
| Small Industries Development Bank Of India** | Cash | ₹24.63 Cr | 0.76% |
| Hdfc Bank Limited** | Cash | ₹24.54 Cr | 0.75% |
| Indostar Capital Finance Limited** | Cash | ₹24.54 Cr | 0.75% |
| Nexus Select Trust** | Cash | ₹24.48 Cr | 0.75% |
| Kotak Mahindra Bank Limited** | Cash | ₹24.08 Cr | 0.74% |
| Hdfc Bank Limited** | Cash | ₹23.96 Cr | 0.74% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹23.94 Cr | 0.73% |
| Small Industries Development Bank Of India** | Cash | ₹23.92 Cr | 0.73% |
| Canara Bank | Cash | ₹23.53 Cr | 0.72% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹23.52 Cr | 0.72% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹10.55 Cr | 0.32% |
| SBI Funds Management Pvt Ltd/Fund Parent | Mutual Fund - Open End | ₹6.97 Cr | 0.21% |
| Net Receivables/Payables | Cash | ₹-5.14 Cr | 0.16% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹4.93 Cr | 0.15% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹1,452.47 Cr | 44.57% |
| Cash | ₹1,330.85 Cr | 41.16% |
| Bond - Gov't/Treasury | ₹371.38 Cr | 11.40% |
| Cash - Repurchase Agreement | ₹53.82 Cr | 1.65% |
| Bond - Asset Backed | ₹43.01 Cr | 1.32% |
| Mutual Fund - Open End | ₹6.97 Cr | 0.21% |
| Cash - CD/Time Deposit | ₹0 Cr | - |
| Cash - Commercial Paper | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
0.50%
Cat. avg.
0.70%
Lower the better
Sharpe Ratio
This fund
1.27
Cat. avg.
-0.63
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.35
Higher the better
Fund Managers
LB
Laukik Bagwe
Since August 2024
Karan Mundhra
Since May 2021
Additional Scheme Detailsas of 31st October 2024
ISIN INF740K01ON5 | Expense Ratio 0.30% | Exit Load No Charges | Fund Size ₹3,232 Cr | Age 11 years 10 months | Lumpsum Minimum ₹100 | Fund Status Open Ended Investment Company | Benchmark CRISIL Ultra Short Duration Debt TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Ultra Short Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| PGIM India Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹242.78 Cr | 6.9% |
| Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹627.14 Cr | 6.8% |
| Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.5% | 0.0% | ₹1304.45 Cr | 7.5% |
| Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1304.45 Cr | 7.6% |
| LIC MF Ultra Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹246.19 Cr | 7.6% |
| LIC MF Ultra Short Duration Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹246.19 Cr | 6.8% |
| UTI Ultra Short Term Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹3046.30 Cr | 7.2% |
| Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹8313.36 Cr | 7.2% |
| Mahindra Manulife Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.7% | 0.0% | ₹229.27 Cr | 7.3% |
| Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹229.27 Cr | 7.8% |
About the AMC
DSP Mutual Fund
Total AUM
₹1,91,740 Cr
Address
West Wing, 11th Floor, Mumbai, 400021
Other Funds by DSP Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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We're here to help.
What is the current NAV of DSP Ultra Short Fund Direct Growth?
The NAV of DSP Ultra Short Fund Direct Growth, as of 21-Nov-2024, is ₹3530.05.
What are the returns of DSP Ultra Short Fund Direct Growth?
The fund has generated 7.71% over the last 1 year and 6.54% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of DSP Ultra Short Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 35.25% in bonds, and 64.53% in cash and cash equivalents.
Who manages the DSP Ultra Short Fund Direct Growth?
The fund managers responsible for DSP Ultra Short Fund Direct Growth are:-
- Laukik Bagwe
- Karan Mundhra
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.