DSP Savings Fund - Direct Plan - Growth

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.

iii) Redemption

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.