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DSP Mutual Fund – Best Schemes, DSP MF NAV, Performance & Returns 2019

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DSP Mutual fund is a force to reckon with in India’s investment landscape. It has been in the asset management domain from a couple of decades and has excellent track record in investment. This article on DSP Mutual Fund covers the following:
  1. What is DSP Mutual Fund (DSPMF)?
  2. How to Invest in DSP Mutual Funds?
  3. Process and documents required to invest in DSPMF via ClearTax
  4. Top 5 Funds: DSPMF
  5. DSPMF: Equity
  6. DSPMF : Tax Saving Funds
  7. DSPMF : Debt Funds
  8. DSPMF : Hybrid Funds
  9. About DSPMF
  10. Top DSPMF Fund Managers
  11. Best DSP mutual fund schemes

1. What is DSP Mutual Fund (DSPMF)?

DSP is a joint venture between the 150 year old Indian financial firm, DSP Group and the world’s largest investment management firm. It is one of the premier asset management companies in India which has over 20 years of track record of excellence in investment. The fund house deals in 5 main fund classes, namely, Equity Funds, Debt Funds, Hybrid Funds, International Fund of Funds and Solution Funds. 

2. How to Invest in DSP Mutual Funds?

Whether you are a seasoned investor or a novice in this area, investing in DSP mutual funds is made very simple with ClearTax. You can visit ClearTax to pick from a diverse list of handpicked funds, designed to suit the risk profiles and investment goals of investors. You can be assured of a hassle-free quick process of selecting any product from your favorite fund house – DSPMF, with Cleartax. This requires just one KYC formality that will take less than 7 minutes of your time. 

Follow these 3 steps to invest through ClearTax

i. Select the fund(s) and the amount you want to invest every month ii. Provide your details iii. Make payment and you are done

3. Process and documents required to invest in DSPMF via ClearTax

Money laundering and corruption can cripple the economy and the stability of our country. Here, Know Your Customer (KYC) and In-Person Verification (IPV) can help a financial institution significantly. However, ClearTax doesn’t believe in inconveniencing their investors. So, they have enabled a way to do KYC in a quick and simple way. What’s more, if investing via ClearTax Save, the investor needs to do it only once for their first investment. a. Know Your Customer or KYC Process The process is quite simple as follows. 

i. Using OTP sent to your Aadhaar-registered mobile number OR

ii. By uploading photos/scans of the required documents

b. ID Proofs

You can submit Xerox copy of PAN Card, Passport, Aadhaar Card, Voter ID or Driving License. Other central government approved documents like NREGA job card are also accepted.

c. Residential proofs

You can submit the same ID proof (except PAN), if the address on it is your current residential address. Rental/lease agreement, most utility bill, and ration card can also serve the purpose. If your permanent address and correspondence address is not the same, then submit proof for both.

4. Top 5 Funds: DSPMF

Top 5 DSP Mutual Fund 1yr Return 3yr Return 5yr Return 10yr Return
DSP Equity Fund 10.47 11.13 17.75 12.05
DSP Midcap Fund 9.59 16.1 25.49 16.95
DSP Equity Opportunities Fund 9.45 13.11 19.23 12.37
DSP Tax Saver Fund 7.61 12.22 19.45 12.53
DSP Mutual Fund Top 100 Equity Fund 7.3 7.68 12.85 10.03
DSP Mutual Fund

5. DSPMF: Equity

DSPMF Equity Funds are medium to high-risk funds invested in stocks and equities that offer investors dynamic returns on their investments. The schemes are designed for long-term capital appreciation and are curated to meet investment needs based on individual risk appetite.
Scheme Name Risk 5 year return (%) Fund Objective
DSP Top 100 Equity Fund Moderately high risk 12.58 It aims to generate capital appreciation by investing in equity shares of the 100 largest corporates, by market capitalization, listed in India.  The fund manager allocates at least 80% of total assets in equity & equity related instruments of large-cap companies. The exit load of 1% is charged if units are redeemed between 0 – 12 Months.
DSP Equity Fund Moderately high risk 17.36 It is an equity-oriented scheme which is suitable for investors having a moderately high risk appetite and a long-term horizon. The main objective of this scheme is to deliver returns via capital appreciation in the long run by investing in a portfolio of equity shares of companies registered in India. The asset allocation consists of at least 65% of total assets invested in equity & equity related instruments. Exit load of 1% is charged if the unitholder redeems unit in between 0 – 12 Months.
DSP Equity Opportunities Fund Moderately high 18.94 The scheme seeks to generate long term capital appreciation by diversified portfolio construction via investing in equity and equity related securities of large and midcap companies. The fund manager invests at least 35% of total assets in equity shares of large cap and mid cap companies. He/she changes the scheme’s portfolio composition with aggressive sectoral & stock positions to maximize performance from current market trends. Investing in highly liquid stocks is done towards successful implementation of the above strategies
DSP Small Cap Fund Moderately high 31.85 The scheme seeks to achieve long term capital appreciation by investing in equity and equity related securities of small cap companies. The fund manager picks under-owned & under-researched stocks in the portfolio which have a low correlation with each other and with the broader markets. From time to time, the fund manager aims to gain access to market inefficiencies to achieve optimal portfolio construction. The asset allocation consists of allocating at least 65% of total assets in equity & equity related instruments of small cap companies.
DSP India T.I.G.E.R. Fund High 16.74 The scheme aims to generate capital appreciation by investing in equity shares of companies that will gain from the government policies on infrastructure growth and economic reforms.The fund manager allocates at least 80% of total assets in equity & equity related instruments of a particular sector or a theme. He/she manages a well-diversified portfolio which consists of different sectors, market capitalisation and between private and PSU companies.
DSP Midcap Fund
 
Moderately high 25.21 The scheme seeks to generate long term capital appreciation by investing in equity shares of companies that have immense growth potential in the mid-cap segment. As compared to large-cap stocks, these stocks generally trade at a discount. The fund manager allocates at least 65% of total assets in equity & equity related instruments of mid-cap companies.
DSP Natural Resources & New Energy Fund   High 23.37 The scheme aims to generate capital appreciation in the long run by investing at least 80% of fund’s assets in equity shares of companies whose predominant economic activity is related to discovery, development, production, or distribution of natural resources and alternative energy. The fund manager allocates at least 80% of total assets in equity & equity related instruments of a particular sector/ theme in India and overseas.
DSP Focus Fund   Moderately high 16.47 The scheme seeks to generate long-term capital growth via maintaining a multi-cap portfolio of 70% in Large Caps and 30% in Mid-Caps of equity and equity-related securities including equity derivatives. The upper limit of derivative investments for the scheme is upto 30 companies. The Scheme may also allocate remaining asset of the fund in debt and money market securities, for defensive considerations and/or for managing liquidity requirements. The fund manager follows a blend of value investing and active fund management keeping more than 60% of the portfolio constructed around the consumption theme.

6. DSP MF : Tax Saving Funds

The DSPMF Tax Saving Funds are also known as Equity Linked Saving Schemes that help investors save taxes under Section 88 of the Income Tax Act.
Scheme Name Risk 5 year return (%) Fund Objective
DSP Tax Saver Fund   Moderately high 19.19 The scheme has a long-term investment horizon and a lock-in period of 3 years. This scheme enables investors to avail a tax deduction of up to Rs 1.5 lakh from total income under Section 80C of the Income Tax Act, 1961. It aims to generate medium to long-term capital appreciation by maintaining a diversified portfolio which invests in equity and equity related securities of corporates. The lock-in period of 3 years facilitates unitholders to participate in the long term growth potential of equity markets.

7. DSP MF : Debt Funds

The DSPMF Debt Funds are designed to function as tax saving instruments that offer investors medium returns with much more safety and reliability in comparison to equity funds.
Scheme Name Risk 5 year return (%) Fund Objective
DSP Government Securities Fund Moderate 6.13 Having a long-term horizon, this scheme aims to generate income by investing fund’s assets in Central Government Securities of various maturities. The fund manager allocates at least  80% of total assets in Gsecs of various maturities. However, there are no guaranteed returns and returns may vary according to interest rate movements. The scheme doesn’t charge exit loads on redemption of units.
DSP Liquidity Fund   Low 8.0 The scheme has relatively low risk and a short-term investment horizon. It aims at generating returns which are reasonable considering the low risk taken along with providing a high degree of liquidity. The portfolio is primarily composed of investment grade money market securities and debt securities which have maturity of upto 91 days only. The main advantage is that there are no exit loads upon redemption of units.
DSP Money Manager Fund   Moderately low 7.67 It is a moderately low risk scheme which invests for a short-term horizon. The main objective of the scheme is to generate returns which are in line with the moderately low risk assumed. The fund manager invests the fund assets in a portfolio made up of money market securities and debt securities. Attempts are made to keep the duration of the portfolio between 3-6 months. However, the scheme doesn’t levy any exit loads and is pretty liquid in that context.
DSP Credit Risk Fund   Moderately 8.48 The scheme has a medium-term investment horizon and assumes moderate risk. The main objective is to generate returns which are commensurate with the moderate risk assumed by the fund manager. The investment portfolio is composed of 65% of AA-rated corporate bonds, 35% of debt and money market instruments and 10% of Units of REITs & InvITs.
DSP Strategic Bond Fund   Moderate 7.12 The scheme has a relatively moderate risk profile and a long-term investment horizon. The scheme attempts to invest in high quality debt and money market securities in order to generate optimal returns along with high liquidity. It is done through adoption of active management of the portfolio. The money market securities have average maturity of upto 1 year whereas the Debt Securities have an average maturity of more than 1 year.

8. DSP MF : Hybrid Funds

The DSPMF Hybrid Funds are aimed at delivering risk adjusted returns by means of investing in a combination of fixed income instruments and equities. It optimizes the advantage of pairing the growth potential of equities with the relative stability that is offered by income investments.
Scheme Name Risk 5 year return (%) Fund Objective
DSP Equity & Bond Fund   Moderately High Risk 15.62 The scheme blends the high-return potential of equity with stability of debt to generate long term capital appreciation and current income. The fund manager maintains a well-diversified portfolio constituting at least 65% of Equity & Equity related instruments and the balance in Debt instruments. Efforts are made to reduce credit as well as interest rate risk.
DSP Regular Savings Fund   Moderately High Risk 8.83 The basic idea of the scheme is to deliver consistent risk-adjusted returns by investing in high quality debt securities. The fund manager allocates 10%-25% of fund’s assets in equity & equity related instruments and the balance 75% of fund’s assets in Debt instruments.

9. About DSP MF

DSP is a joint venture between the 150 year old Indian financial firm, DSP Group and the world’s largest investment management firm. It is one of the premier asset management companies in India which has over 20 years of track record of excellence in investment. The fund house deals in 5 main fund classes, namely, Equity Funds, Debt Funds, Hybrid Funds, International Fund of Funds and Solution Funds.   In 1860, the DSP Group began its stock broking business and has contributed immensely towards the growth and professionalization of capital markets and money management business in India. DSP Mutual Fund happens to be the world’s largest investment management firm and is trusted to manage more money than any other investment firm in the world. Millions of retail investors, small and big companies from around the world, governments, large global foundations trust with their money.

10. Top DSPMF Fund Managers

DSPMF has a solid mix of expertise and experience in their fund managers who have the acumen to identify opportunities and the dexterity to maneuver portfolios to achieve optimal returns.

Jay Kothari

Mr. Kothari holds a degree in BMS and MBA from Mumbai University. Before becoming a part of DSPBR, he was associated with DSPBRIM as the Vice President in the equity investments division as well a product strategist.

Vinit Sambre

Mr. Sambre holds a degree in B.Com and FCA. Before joining DSP, he has worked with renowned companies like DSP Merrill Lynch Ltd., IL & FS Investsmart Ltd., Unit Trust of India Investment Advisory Services Ltd., Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.

Rohit Singhania

Mr. Singhania holds a degree in MMS. Before joining DSPBR asset management company, he was associated with HDFC Securities Ltd. and IL&FS Investsmart Limited.

Harish Zaveri

Mr. Zaveri holds a B.Com degree and a Diploma of Business Finance from ICFAI, Hyderabad. He possess experience in Equity Research of over 20 years. He has been associated with DSPBR since 2011 as Senior Vice President.

Kedar Karnik

Mr. Karnik holds a degree in BE and has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies.Before becoming a part of DSP Mutual Fund, he has worked with Axis Asset Management, HSBC and CRISIL Ltd.

11. Best DSP Mutual Fund Schemes

DSP Focus
DSP Bond DSP Tiger DSP Gov Sec
DSP Arbitrage
DSP Tax Saver