Skip to main content

Mutual Fund Review: DSP BlackRock Short Term Fund

Name: DSP BlackRock Short Term Fund-G
Type: Open Ended Debt Short -Term
Fund Manager: Mr. Sujoy Kr. Das
Inception Date: September 04, 2002

Short Term Debt Funds are the investment option to park money for a short period of time, typically less than a year. These are relatively safer investment avenue and provide stable returns along with the preservation of capital. DSP ML Short Term Fund is an open-ended debt scheme and seeks to generate income commensurate with prudent risk, from a portfolio constituting of money market securities, floating rate debt securities and debt securities.

It is mandated to invest 50%-100% of its assets in debt & money market instruments having average maturity upto a year and floating rate debt securities whose coupons are reset at least once a year and 0-50% in debt instruments having average maturity greater than a year and floating-rate debt security where the next reset date is more than 367 days from the date of purchase. As per its latest disclosed portfolio, the scheme has allotted 19.4% of its assets in debt instruments and rest in cash and equivalent.
 
The scheme has acquired an impressive track record over the years and has comfortably outperformed its benchmark and peers during selected time period. Its focus on active duration management and credit calls helped it to deliver compounded annualized returns of 5.84% since its inception. Also over a short period of six months it has posted annualized return of 6.60 % while its benchmark and peers trailed with the returns of 5.96% and 5.51% respectively. Expense Ratio of the scheme is 0.84% as on May 31, 2006 which is lower than the category average of 0.88%.
 
The corpus of the scheme has grown 41% over a period of one year and stands at Rs 134 crore as on May 2006. The scheme has invested 39.7% of its assets in commercial paper, 18.56% in bonds and 24.74% in securitised debt comprising of good quality rated papers such as AAA and P1+. It has allocated 38% to P1+ rated papers, 14.86% in AA+ rated papers and almost 24.74% in AAA (SO) rated papers. Portfolio modified duration is 148 days as on May 2006. The fund has actively moved its assets between debt and liquid instruments over the last one year with average allocation in debt instruments at 36%.
 

Minimum investment amount is Rs 25000 and offers both growth and dividend options. The scheme is benchmarked against Crisil Liquid Fund index. It charges no entry and exit load.

DSP BlackRock Short Term Fund has been a consistent performer and is suitable for the investors who are looking for a safety of debt instruments with short term horizon.
 

Popular posts from this blog

ICICI Pru Mutual Fund Dividend

ICICI Prudential Mutual Fund has announced dividend under the following schemes: Scheme Dividend ( Rs /unit) ICICI Pru Capital Protection Oriented Ser V Plan B-D 0.03611325 ICICI Pru Capital Protection Oriented Ser V Plan B Direct-D 0.03611325 ICICI Pru Balanced Advantage Direct-DM 0.06 The record date has been fixed as February 08, 2017. ------------------------------ ------ Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 4 Tax Saver Mutual Funds for 2017 - 2018 Best 4 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India Tax Plan 3. Tata India Tax Savings Fund 4. BNP Paribas Long Term Equity Fund Invest in Best Performing 2017 Tax Saver Mutual Funds Online Invest Best Tax Saver Mutual Funds Online Download Top Tax Saver Mutual Funds  Application Forms For further information contact  SaveTaxGetRich on 94 8300 8300 ------------------------------ ------ Leave y...
Read more

Hidden Bank Fees

  What Banks Hide From Customers Imagine after a peaceful and exciting holiday you receive your bank statement with steep charges. You then rush to your bank and start confronting staff members and to your dismay, you come to know that the high end debit card was charged very heavily. Wouldn't this cause damage to your finances? So remember, the world outside is full of deceptive and double cheating people. Unethical practices are always used by company sales person in order to meet the target. Credit card companies, mutual funds and bank institutions always play dirty tricks to lure customers and the practices are rampant. So here's how you should be careful while dealing with your banks: High End Debit Card Charges While opening an account with a bank you opt for a debit card with minimal charges. But later on when you upgrade your card and opt for high end debit card the annual charge rise by a good amount. Though such a card has slew of features but it all comes at a high ...
Read more

Partial withdrawal from PPF

  Public Provident Fund (PPF) account has a lock in period   If you opened a PPF account to meet your retirement needs,, think twice about withdrawing from this fund before retirement. But provided it's an emergency here are the rules. Public Provident Fund (PPF) account has a lock in period before which you cannot withdraw your money.   The partial withdrawal is allowed after the completion of 6 financial years . This means that you will be allowed a partial withdrawal from 1 April 2017. The maximum partial withdrawal allowed is the least of the following: 50 percent of the account balance at the end of fourth financial year, 31 March 15 50 percent of the account balance of the end of previous financial year, 31 March 17.   There's a loan option available on your PPF account between the fourth and the sixth financial year. You can obtain a loan of up to 25 per cent of the balance in your account. However, this will attract interest of 2 percent more than the prevailing ...
Read more

Updating a minor PAN card upon becoming adults

  Updating a minor's PAN card once they become adults A PAN card issued in the name of a minor does not contain the minor's photograph or signature, and therefore, cannot be used as a valid proof of identity. Once a minor PAN card holder turns 18, the relevant changes must be made in the PAN records. A new card is then issued bearing a photograph and signature. Application The applicant is required to fill up the "Request for new PAN card andor changes or correction in PAN data" form. The form can be filled up online by accessing NSDL's Tax Information Network website and clicking on the online PAN application tab. Information The applicant must mention the existing PAN number in the application and check the `photo mismatch' and `signature mismatch' boxes, and submit the online form. The form must also be printed out, signed by the applicant, and submitted along with two photographs. Documents Identity and address proof in the form of a copy of the app...
Read more

Perpetual SIP - Its Advantages

Retail investors have taken a fancy to investing in mutual funds through systematic investment plans (SIPs). As per industry estimates, Rs 4,000 crore flows into SIPs every month. One way to take advantage of SIPs in a true long-term manner is to opt for a perpetual SIP 1. What is a perpetual SIP? In an SIP , you make periodic investments in a mutual fund scheme of your choice generally every month for a pre defined tenure. While signing up an SIP mandate , you have the option to leave the end-date column blank. If the column is blank, it means the investor has opted for a perpetual SIP . Most fund houses assume this SIP will continue till December 2099 unless you give a written communication to stop it. However, some fund houses require you to tick the `perpetual option'. 2. What are the advantages of perpetual SIPs? Registering an SIP involves a lot of paperwork and it takes time. It is observed that many investors skip their SIP instalments when they go for short-tenure option...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now