DSP Savings Fund Direct Plan Growth
Min amount: ₹500
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Low to Moderate Risk|
|Fund Type||Money Market|
More about this fund
|8.20% Govt Stock 2022||18.87%|
|364 DTB 30032022||9.07%|
About DSP Savings Fund - Direct Plan - Growth
The primary intention of DSP Savings Fund is to create income by constituting a portfolio which comprises of the securities being issued by the central government and treasury bills, which have a residual maturity of shorter than one year.
Pros and Cons of DSP Savings Fund - Direct Plan - Growth
The most significant advantage of investing in this fund is that you get exposure to a diversified portfolio which consists of several government-issued securities and treasury bills. On the flip side, the returns offered by this fund can be curtailed since the fund mostly invests in fixed-income assets and the exposure towards equities in minimal to nil.
Fund Information and Statistics
i) Inception/Launch Date
DSP Savings Fund - Direct Plan - Growth was launched on 1 January 2013.
ii) Risk Level
Since this fund invests in securities that possess relatively low risk, it is categorised under the ‘moderately low risk’ class of mutual funds by DSP Mutual Fund.
Since DSP Savings Fund - Direct Plan - Growth is an open-ended mutual fund scheme, you can redeem your investment at any time. However, you have to be mindful of the tax on capital gains before you redeem your holdings.
iv) Fund Manager
Mr Kedar Karnik is the current fund manager of DSP Savings Fund - Direct Plan - Growth.
v) Entry/Exit Load
There is no entry load as per the regulations of the Indian market watchdog. This comes with no exit load charges as well.
About DSP Mutual Fund
DSP Mutual Fund registered itself with the Indian market regulator, Securities and Exchange Board of India (SEBI), back in the year 1996. The asset management company (AMC) came into existence due to the joint venture between DSP Merill Lynch Ltd and Merill Lynch Investment Managers, who happen to be the sponsors of the fund house, while DSP Trustee Private Ltd is its trustee.
" Great investing experience! Contacted the support with queries.. Got immediate response and all my doubts clarified. Will definitely recommend ClearTax to friends "IT Developer, Bangalore
" I am new to investments and got all the information I need on your website. The suggestions for mutual fund investments and tax savings are great. "Software Engineer, Indore
" Investing through ClearTax is super easy and simple. It is extremely helpful for investors with less finance knowledge. "Campus Manager, Bangalore
Invest Now in 3 Easy Steps
Why ClearTax Invest?
- Our experts do all the research and offer only the BEST mutual funds
- Trusted by Over 25 Lakh Indians
- Invest in just 5 minutes
- No paperwork required
- Simple and easy to use
Frequently Asked Questions
- Read More
Min amount: ₹500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns