DSP Equity & Bond Direct-Growth (₹ 322.44) - NAV, Reviews & asset allocation (2024)

Investment Growth

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DSP Equity & Bond Direct-Growth

DSP Equity & Bond Direct-Growth Fund Details

Investment Objective - The scheme seeks to generate long-term capital appreciation and current income from a portfolio constituted of equity and equity related securities as well as fixed income securities (debt and money market securities).

DSP Equity & Bond Direct-Growth Investment Details

• Equity

• Debt

• Asset Allocation

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  Asset Allocation History

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  EquityDebtCash

  Sector Allocation

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  Market Cap Allocation

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  Concentration & Valuation Analysis

  	FEB 2024	JAN 2024	DEC 2023	NOV 2023	OCT 2023	SEP 2023
  Number of Holdings	102	101	100	98	101	100
  Top 5 Company Holdings	20.63%	19.22%	20.01%	19.98%	22.22%	23.37%
  Top 10 Company Holdings	33.82%	32.57%	33.38%	34.12%	36.49%	37.36%
  Company with Highest Exposure	Bajaj Finance (5.08%)	Bajaj Finance (5.35%)	Bajaj Finance (5.71%)	Bajaj Finance (5.84%)	Bajaj Finance (6.46%)	Bajaj Finance (6.55%)
  Number of Sectors	15	14	14	14	14	14
  Top 3 Sector Holdings	40.38%	40.05%	40.4%	40.54%	40.81%	40.99%
  Top 5 Sector Holdings	50.76%	50.4%	50.42%	51.04%	51.61%	51.67%
  Sector with Highest Exposure	Financial (26.16%)	Financial (25.32%)	Financial (25.79%)	Financial (25.56%)	Financial (25.05%)	Financial (24.66%)

• Top Stock Holdings

• Sector Holdings in MF

• Debt Holdings in Portfolio

• Company	Sector	Assest(%)	P/E	EPS-TTM(₹)	RETURN 1 YR(%)
  Bajaj Finance	Financial	5.08	28.79	223.04	8.81
  HDFC Bank	Financial	4.89	18.60	77.75	-11.32
  ICICI Bank	Financial	4.55	17.98	60.50	27.10
  Samvardhana Motherson intl	Automobile	2.92	40.34	2.95	43.83
  Power Fin. Corp.	Financial	2.68	7.54	57.01	219.47
  Avenue Supermarts	Services	2.63	105.00	37.39	15.54
  Infosys	Technology	2.54	27.51	58.77	9.19
  Axis Bank	Financial	2.49	25.53	43.53	28.08
  Apar Industries	Diversified	2.0	29.42	207.03	166.43
  Bharat Electronics	Capital Goods	1.93	44.07	4.88	125.46

• Cumulative Returns

• SIP returns

• Discrete Returns

• Quant Measures

• Asset Allocation

• Scheme Name	NAV(Rs./Unit)	Scheme Rating	AUM(Rs. Cr)	1M	1Y	3Y	5Y
  	322.44		8,804.22	-0.25	26.81	13.56	16.03
  Edelweiss Aggressive Hybrid Fund Direct - Growth	61.24		1,265.88	2.89	35.71	20.94	19.34
  Quant Absolute Fund Direct-Growth	431.20		1,787.77	2.56	38.76	27.23	26.54
  	369.87		31,196.16	3.07	38.93	25.20	21.76
  HDFC Children's Gift Fund Direct Plan	281.66		8,432.58	0.27	28.14	18.99	17.84

• Standard Deviation

  Standard Deviation

  Standard deviation is the deviation of the fund's return around mean.

  High Volatality

  10.39VS9.96

  Fund Vs Category Avg

• Beta

  Beta

  Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.

  High Volatality

  0.81VS0.77

  Fund Vs Category Avg

• Sharpe Ratio

  Sharpe Ratio

  Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.

  Poor risk-adjusted returns

  0.87VS1.15

  Fund Vs Category Avg

• Treynor's Ratio

  Treynor's Ratio

  Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.

  Poor risk-adjusted returns

  11.24VS15.38

  Fund Vs Category Avg

• Jensen's Alpha

  Jensen's Alpha

  Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.

  Poor risk-adjusted returns

  1.44VS4.29

  Fund Vs Category Avg

• Mean Return

  Mean Return

  Average return generated by the fund during a specified period.

  Poor average monthly returns

  14.08VS16.56

  Fund Vs Category Avg

Risk Ratio Chart

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About DSP Equity & Bond Direct-Growth
1. DSP Equity & Bond Fund - Direct Plan is Open-ended Aggressive Hybrid Hybrid scheme which belongs to DSP Mutual Fund House.
2. The fund was launched on Jan 01, 2013.

Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate long-term capital appreciation and current income from a portfolio constituted of equity and equity related securities as well as fixed income securities (debt and money market securities). "
2. It is benchmarked against CRISIL Hybrid 35+65 Aggressive Index.

Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 72.51% in equities, 25.84% in debts and 1.65% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 31.42% of the assets, the top 3 sectors constitute around 40.05% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.

Tax Implications on DSP Equity & Bond Direct-Growth
Hybrid funds which usually invest 65% or more in equity & equity-related instruments will be taxed like Equity funds and those which invest up to 35% in equity & equity-related instruments will be taxed like the new taxation structure of debt funds. Also, the hybrid funds which invest between 35-65% in equity & equity-related instruments will be taxed as per the old taxation structure of debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months in which the fund has invested. However, since the market is dynamic, asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from the equity as well as debt side:

For Hybrid funds with 65% and above allocation in equity & equity related instruments:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of up to Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).

For Hybrid funds with 35-65% allocation in equity & equity related instruments:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.

For Hybrid funds with 0-35% allocation in equity & equity related instruments:

Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.

Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.