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DSP Floater Fund Direct - Growth
NAV as of(Aug 11, 2023)
₹ 11.34 0.01 % 1-D Change
Returns 
5.25% p.a.
You get upto 0.2%extra returns
- Monthly SIP
Monthly SIP is not available for this fund - Lumpsum Lumpsum is not available for this fund
₹
Minimum SIP amount is ₹
₹
Minimum Lumpsum amount is ₹
This fund vs
Show performance of:
Scheme Details
| VRO Rating | |
| Expense ratio | 0.22% As on Mar 31, 2023 |
| Exit Load | 0% |
| AUM (Fund Size) | ₹ 867 Crs |
| Lock-in | No Lockin |
| Age | 2 yrs 5 m Since Mar 04, 2021 |
| Benchmark | Crisil Short-Term Bond |
| Min. Investment | SIP ₹500 & Lumpsum ₹500 |
About DSP Floater Fund
DSP Floater Fund Direct - Growth is a Floater mutual fund scheme from Dsp Mutual Fund. This fund has been in existence for 2 yrs 5 m, having been launched on 04/03/2021. DSP Floater Fund Direct - Growth has ₹867 Crores worth of assets under management (AUM) as on 30/06/2023 and is medium-sized fund of its category. The fund has an expense ratio of 0.22%, which is close to what most other Floater funds charge.
.....- DSP Floater Fund Direct - Growth returns of last 1-year are 7.52%. Since launch, it has delivered 5.40% average annual returns.
- The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
- The fund's top holdings are in GOI, Small Industries Devp. Bank of India Ltd., Gujarat State, HDFC Bank Ltd., Reserve Bank of India.
Investment Returns Calculator
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Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.
Latest Asset & Portfolio Allocation
as on Mar 31, 2023Top Stock Holdings
Bifurcation by Holding is not available for this fund
Allocation by Market Cap
Large Cap 0%
Mid Cap 0%
Small Cap 0%
Other Cap 0%
Allocation by Sector
Bifurcation by Sector is not available for this fund
Top Debt Holdings
GOI 21%
Small Industries Devp. Bank of India Ltd. 8.12%
Gujarat State 7.48%
HDFC Bank Ltd. 6.07%
Allocation by Credit Quality
SOV 78.59%
A1+ 8.12%
AAA 6.07%
AA+ 5.82%
Allocation by Instruments
GOI Securities 44.36%
GOI Securities Floating Rate Bond 21%
Certificate of Deposit 8.12%
State Development Loan 7.52%
Other Holdings
Others 0.42%
Comparison with floater Funds
as on Aug 14, 2023| Fund name | Annual Return % |
|---|
Trailing Returns and Ranks
as on May 03, 2023| Period | Trailing returns | Category average |
|---|---|---|
| 1 month | 0.63% | 0.6% |
| 3 months | 1.89% | 1.88% |
| 6 months | 4.29% | 4.08% |
| 1 year | 7.37% | 7.13% |
Riskometer
Level of Risk in the Scheme
Sorry! Our analysts are busy working on analysing a risk rating for this scheme. Please bear with us in the meantime.
DSP Floater Fund
DEBT FLOATER
The scheme seeks to generate regular income through investment predominantly in floating rate and fixed rate debt instruments (including money market instruments).
- Std. Dev : -
- Alpha : -
- Beta : -
- Sharpe : -
- Sortino : -
Kedar Karnik
Mr. Karnik is a BE and has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies.
Prior to joining DSP Mutual Fund he was associated with Axis Asset Management. He has also worked with HSBC and CRISIL Ltd..
Shantanu Godambe
DSP Mutual Fund
TOTAL AUM:
₹1,17,726 Crs
As on Jun 30, 2023
- Phone: 1800-208-4499 / 1800-200-4499
- Address: NATRAJ, Office No. 302-3rd Floor-Plot No. 194, MV Road Junction
Western Express Highway,
Andheri East
Mumbai, 400069
Frequently Asked questions
How fund report card works
Identifying a top performing fund that consistently creates wealth can be a challenging task due to the dynamic nature of the market. Top funds often change frequently, sometimes even on a daily basis.
However, with ET Money's fund report card, it is now possible to find a fund that consistently ranks at the top and generates wealth over a long period of time. This valuable resource makes it easier to navigate the complex and constantly changing world of financial markets.
At ET Money, we have developed a smart ranking system for funds based on their consistency. We believe that consistently performing at the top of a category is more important than just occasionally ranking highly. To evaluate the consistency of a fund, we have identified two key parameters: "consistency of returns" and "protection from volatility." We assess these parameters by analyzing the strong performance and low volatility of a fund over a prolonged period of time. To arrive at a rating for these parameters, we carefully consider the track record of a fund in terms of both performance and volatility.
In our ranking methodology, we prioritize funds that consistently perform well over those that fluctuate in their performance. To ensure stability in our rankings, we analyzed data for a minimum of five years, rather than just a year or two. We also placed a greater emphasis on recent performance, as it tends to have a greater impact on momentum. This allows us to capture the full potential of recent momentum in our rankings.
How are the returns of DSP Floater Fund ?
The DSP Floater Fund is a 2 yrs 5 m old fund and has delivered average annual returns of 5.25% since inception.
DSP Floater Fund Returns
| 1-Year | Since Inception |
|---|---|
| 7.37% | 5.25% |
What is the current NAV of DSP Floater Fund?
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of DSP Floater Fund for Aug 11, 2023 is 11.34.
How do I invest in DSP Floater Fund?
On ET Money, Investing in DSP Floater Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
- Click on the Invest Now Button present on the top right-hand side.
- Enter your email id, select whether you want to do a one-time investment or start a SIP and add the amount
- Provide few more details needed including the bank account from which you will be making the payment and confirm.
- That's it. Your SIP or one-time investment in DSP Floater Fund is done.
How much does DSP Floater Fund charge as expense ratio?
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of DSP Floater Fund is 0.22%. .
How can I redeem my investments in DSP Floater Fund?
Redeeming your investments in DSP Floater Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in DSP Floater Fund from anywhere else, you can go to the fund house website and put a request through it.
What is the AUM or size of DSP Floater Fund?
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of DSP Floater Fund is ₹867 Crs.
What is the quality of borrowers DSP Floater Fund lends to?
The credit rating of the instruments in which the fund invests represents the quality of the borrower.
The DSP Floater Fund allocation by credit quality is given below
| Credit Quality | Percentage of Portfolio |
| SOV | 78.59% |
| A1+ | 8.12% |
| AAA | 6.07% |
To whom does DSP Floater Fund lend to?
The top 3 debt holdings of DSP Floater Fund are as follows
| Holding Name | Percentage of Portfolio |
| GOI | 21% |
| Small Industries Devp. Bank of India Ltd. | 8.12% |
| Gujarat State | 7.48% |