DSP Ultra Short Fund - Regular Plan - Growth
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Min amount: ₹500
- Fund Summary
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- Why Cleartax
|Risk||Moderately Low risk|
|Fund Type||Ultra Short Duration|
More about this fund
|8.12% Govt Stock 2020||16.89%|
|Housing Development Finance Corporation Limited||5.6%|
|LIC Housing Finance Limited||4.86%|
|Bajaj Finance Limited||2.89%|
|Reliance Industries Limited||2.87%|
|Housing Development Finance Corporation Limited||2.69%|
|Rural Electrification Corporation Limited||1.72%|
|Small Industries Development Bank Of India||0.76%|
About DSP Ultra Short Fund
DSP Ultra Short Fund is an open-ended debt scheme investing in debt and money market instruments. The fund seeks to deliver regular income over short-term investment horizon. The Macaulay Duration of the portfolio is between 3 months to 6 months. The scheme may invest in derivatives, repo of money market, and corporate debt securities, but will not invest in foreign debt securities or indulge in short selling of securities.
Pros & Cons of DSP Ultra Short Fund
DSP Ultra Short Fund offers the following benefits:
- The scheme is for investors seeking reasonable returns in a short duration with minimal risks.
- The scheme is also suitable for short-term parking of funds.
- However, the fund returns are lower than the average category return.
Fund Information and Statistics of DSP Ultra Short Fund
Inception / Launch date
DSP Ultra Short Fund was launched on July 31, 2006, by DSP Mutual Funds.
Investment in this fund are moderately low-risk bet and ideal for short-term parking of funds with reasonable returns.
The scheme will offer units for purchase and redemption at applicable NAV prices. Under normal circumstances, your fund house will dispatch the redemption proceeds within 3 business days.
The fund is jointly managed by Mr Kedar Karnik since July 2016 and Rahul Vekaria since February 2018.
Entry / Exit load
The fund house does not charge any entry load or exit load.
Tax benefits of investing in DSP Ultra Short Fund
- A Short-term capital gain tax will be levied on unitholders as per the income tax slab rate if units are held for less than 36 months.
- A long-term capital gains tax of 20% is applicable with indexation if units are held for more than 36 months.
- Dividend distribution tax will be deducted before distribution of the dividend.
About DSP Mutual Fund
DSP Mutual Fund is a part of 152 years legacy of DSP Group. The fund house is committed to delivering long term investment excellence to our customers’ portfolios. It aims to achieve this by being passionate, innovator, and keep clients’ interests above everything. DSP Mutual Fund inculcates the feeling of oneness among its employees to ensure collective success.
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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