DSP Floater Fund Direct Growth

DSP Floater Fund Direct Growth

NAV as on 21-04-2025

₹ 13.27

0.2%

1D

Inception Returns

7.2%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
29 people have invested ₹ 13.6L in DSP Floater Fund Direct Growth in the last three months

About DSP Floater Fund Direct Growth

DSP Floater Fund Direct Growth is a debt fund. This fund was started on 19 March, 2021. The fund is managed by Karan Mundhra. This fund is suitable to keep your money safe.

Key Parameters

  1. DSP Floater Fund Direct Growth has ₹537 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

DSP Floater Fund Direct Growth has given a CAGR return of 7.16% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 10.76% and 8.16% respectively.

Holdings

DSP Floater Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.81% Govt Stock 2033, National Bank For Financing Infrastructure And Development, Bank Of Baroda**, Canara Bank, HDFC Bank Limited

Taxation

As it is a floating rate mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of DSP Floater Fund Direct Growth

The primary objective of the scheme is to generate regular income through investment predominantly in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives).

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. DSP Floater Fund Direct Growth has no lock in period.

DSP Floater Fund Direct Growth Overview

Expense ratio0.23%
Benchmark
CRISIL Short Duration Debt A-II TR INR
AUM₹537 Cr
Inception Date19 March, 2021
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
710.11%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (21-Apr-25)

Period
DSP Floater Fund Direct Growth
Floating Rate Index
1M
2.1%
1.5%
3M
3.4%
2.8%
6M
5.2%
4.5%
1Y
10.8%
9.2%
3Y
8.2%
7.4%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.4%

AAA
84.7%

AA
15.3%

Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Corporate
48.9%
Government
42.7%
Cash Equivalent
8.4%
All changes are between Oct'69 and Dec'69
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 536.7 Cr
₹ 575 Cr
₹ 614.1 Cr
  • AUM of the fund stands at 536.7 Cr as of Mar'25
  • AUM decreased by 38.3 Cr between Mar'25 and Feb'25
Debt allocation has gone down from 82.4% to 65.3%
Debt allocation has gone down from 82.4% to 65.3%
Cash allocation has gone up from 17% to 34.1%
Cash allocation has gone up from 17% to 34.1%

Top 2 Sectors in March were Government, Corporate

Mar'25
Corporate
49%
Government
43%
Feb'25
Government
60%
Corporate
39%
  • Debt & Cash

Holdings
Weight%
1M Change
7.81% Govt Stock 2033
7.81% Govt Stock 2033
19.21%
-47.4%
National Bank For Financing Infrastructure And Development
National Bank For Financing Infrastructure And Development
9.96%
0%
Bank Of Baroda**
Bank Of Baroda**
9.2%
0%
Canara Bank
Canara Bank
9.04%
0%
HDFC Bank Limited
HDFC Bank Limited
8.89%
0%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
DSP Floater Fund Direct Growth
DSP Floater Fund Direct Growth
10.76%
8.16%
-
7.16%
Bandhan Floating Rate Fund Direct Growth
Bandhan Floating Rate Fund Direct Growth
10.3%
7.55%
-
6.56%
Franklin India Floating Rate Direct Growth
Franklin India Floating Rate Direct Growth
10.24%
8.25%
6.95%
7.17%
Nippon India Floating Rate Fund Direct Plan Growth Plan
Nippon India Floating Rate Fund Direct Plan Growth Plan
9.66%
7.55%
7.18%
8.04%
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Karan Mundhra
Karan Mundhra
Fund Manager of DSP Floater Fund Direct Growth, since 1 August 2024
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
DSP Arbitrage Fund Direct Growth
7.34%
6.55%
DSP Savings Fund Direct Plan Growth
6.96%
6.64%
DSP Liquidity Fund Direct Plan Growth
6.89%
6.37%
Fund House
DSP Asset Managers Private Limited
Total Schemes
Total AUM
₹1.28L Cr
as on 30-Sep-2023
Address
India
Phone
91-22-66578000
Website
service@dspblackrock.com

DSP Floater Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.16% since inception which is more than its category average return of 6.42%
AUM size ₹537 Cr

AUM size ₹537 Cr

This fund has AUM of ₹537 Cr which is less than its category average of ₹ 4193 Cr
Expense Ratio 0.23%

Expense Ratio 0.23%

This fund has an expense ratio of 0.23% which is less than its category average expense ratio of 0.55%

Frequently Asked Questions for DSP Floater Fund Direct Growth

The current NAV of DSP Floater Fund Direct Growth is ₹13.27 as on 21-Apr-2025.
Existing (Absolute + CAGR) as on 21-Apr-2025.
DSP Floater Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.06%
2.06%
6 Month Returns
5.22%
5.22%
1 Year Returns
10.76%
10.76%
3 Years Returns
26.54%
8.16%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.23% as on March 2025
₹537 Cr as on March 2025
7.81% Govt Stock 2033(19.21%), National Bank For Financing Infrastructure And Development(9.96%), Bank Of Baroda**(9.2%), Canara Bank(9.04%), HDFC Bank Limited(8.89%) as on March 2025
Corporate(48.88%), Government(42.74%), Cash Equivalent(8.38%) as on March 2025
Yield to Maturity is 7.78 as on March 2025. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 2.85 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
84.74
AA
15.26
Karan Mundhra is the fund manager of DSP Floater Fund Direct Growth
The Exit load of DSP Floater Fund Direct Growth is 0%