DSP Floater Fund Direct - Growth
(Scheme Rating)
NAV as of May 20, 2025
13.370.06%
- Growth - Direct
(Earn upto 0.26% Extra Returns with Direct Plan)
Fund Category:
Debt: Floater
Expense Ratio:
0.25%(0.30% Category
average)Fund Size:
Rs. 576.50 Cr(1.13% of Investment in Category)
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DSP Floater Fund Direct - Growth
(Scheme Rating)
NAV as of May 20, 2025
13.370.06%
Expense Ratio:
0.25%
Fund Size:
Rs. 576.50 Cr
Fund Category:
Debt: Floater
DSP Floater Fund Direct - Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the DSP Floater Fund - Direct Plan as of May 20, 2025 is Rs 13.37 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 10.64% (1yr), 8.34% (3yr) and 7.19% (since launch). Whereas, Category returns for the same time duration are: 9.39% (1yr), 7.69% (3yr) and 6.63% (5yr).
3. Fund Size: The DSP Floater Fund - Direct Plan currently holds Assets under Management worth of Rs 576.5 crore as on Apr 30, 2025.
4. Expense ratio: The expense ratio of the fund is 0.25% for Direct plan as on May 15, 2025.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
1. Current NAV: The Current Net Asset Value of the DSP Floater Fund - Direct Plan as of May 20, 2025 is Rs 13.37 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 10.64% (1yr), 8.34% (3yr) and 7.19% (since launch). Whereas, Category returns for the same time duration are: 9.39% (1yr), 7.69% (3yr) and 6.63% (5yr).
3. Fund Size: The DSP Floater Fund - Direct Plan currently holds Assets under Management worth of Rs 576.5 crore as on Apr 30, 2025.
4. Expense ratio: The expense ratio of the fund is 0.25% for Direct plan as on May 15, 2025.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
DSP Floater Fund Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.04 3.59 5.42 10.71 8.49 - Category Avg 1.02 3.26 4.98 9.46 7.75 6.60 Rank within Category 7 3 4 2 4 - No. of funds within Category 12 12 12 12 12 7 - Loading...
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Return Comparison
- This Fund
- BenchmarkAditya Birla SL Floating Rate Direct-G
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DSP Floater Fund Direct - Growth Fund Details
Investment Objective - The scheme seeks to generate regular income through investment predominantly in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives).
| Fund House | DSP Mutual Fund |
| Launch Date | Mar 19, 2021 |
| Benchmark | CRISIL Short Duration Debt A-II Index |
| Return Since Launch | 7.21% |
| Riskometer | Moderate |
| Type | Open-ended |
| Risk Grade | Above Average |
| Return Grade | Above Average |
DSP Floater Fund Direct - Growth Investment Details
| Minimum Investment (Rs.) | 100.00 |
| Minimum Additional Investment (Rs.) | 100.00 |
| Minimum SIP Investment (Rs.) | 100.00 |
| Minimum Withdrawal (Rs.) | 500.00 |
| Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
| Fund | 1Y High | 1Y Low | Category | |
|---|---|---|---|---|
| Modified Duration(Yrs) | 5.43 | 9.43 | 0.83 | 2.6985 |
| Average Maturity(Yrs) | 13.4 | 23.6 | 1.04 | 6.4326 |
| Yield to Maturity(%) | 7.55 | 8.28 | 6.68 | 7.8056 |
| Avg Credit Rating | High | - | - | - |
Style Box
CREDIT RATING
INTEREST RATE SENSITIVITY
HighMediumLow
HighMediumLow
Investment / Portfolio Grades
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| Government Backed | 66.93 | 39.19 |
| Low Risk | 24.22 | 56.34 |
| Moderate Risk | - | - |
| High Risk | - | - |
| Very High Risk | - | - |
| Others | 8.85 | 4.47 |
Type of Holdings
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| GOI | 27.28 | 38.85 |
| CD | 15.11 | 4.32 |
| T-Bills | - | 0.59 |
| CP | - | 0.06 |
| NCD & Bonds | 33.05 | 45.13 |
| PTC | - | 1.40 |
| Cash & Others | 24.56 | 8.81 |
Debt Holding In Portfolio
| Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
|---|---|---|---|---|---|---|
| GOI | GOI Securities Floating Rate Bond | Sovereign | SOV | 1,799.98 | 22.13 | 1,75,00,000 |
| National Bank For Financing Infrastructure And Development 0 | Debenture | Financial | AAA | 517.55 | 6.36 | 5,000 |
| Maharashtra State | State Development Loan | Others | SOV | 505.18 | 6.21 | - |
| 7.44% National Bank For Agriculture & Rural Development 24/02/2028 | Bonds | Financial | AAA | 501.25 | 6.16 | 5,000 |
| Canara Bank | Certificate of Deposit | Financial | A1+ | 492.64 | 6.06 | 1,000 |
| 7.66% Madhya Pradesh State 15/03/2048 | State Development Loan | Others | SOV | 480.22 | 5.90 | 45,00,000 |
| 8.95% Bharti Telecom Ltd 04/12/2026 | Debenture | Communication | AA+ | 378.74 | 4.66 | 3,500 |
| 7.7% HDFC Bank Ltd 18/11/2025 | Non Convertible Debenture | Financial | AAA | 266.07 | 3.27 | 250 |
| 7.82% Bajaj Finance Ltd 31/01/2034 | Debenture | Financial | AAA | 263.99 | 3.24 | 2,500 |
| 7.48% Uttar Pradesh State 22/03/2044 | State Development Loan | Others | SOV | 259.87 | 3.19 | 25,00,000 |
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y DSP Floater Fund Direct - Growth 13.37 576.50 1.04 10.71 8.49 - Aditya Birla Sun Life Floating Rate Direct Fund-Growth 355.65 13,437.61 0.88 8.82 7.82 6.78 HDFC Floating Rate Debt Fund Direct Plan-Growth 50.77 15,014.78 0.98 9.51 8.21 7.20 Franklin India Floating Rate Fund Direct-Growth 44.42 322.57 1.09 10.44 8.61 7.07 UTI Floater Fund Direct - Growth 1,559.51 1,394.65 0.94 8.40 7.39 6.32
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
1.10VS0.99Fund 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
2.19VS1.77Fund 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.
Better risk-adjusted returns
1.46VS1.34Fund 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
0.74VS0.78Fund 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.
Better risk-adjusted returns
6.03VS4.86Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
7.86VS7.54Fund Vs Category Avg
Risk Ratio Chart
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- Risk Ratio
- Category Average
Size of Bubbles represents the Fund Size
Fund Manager
- K.M.Karan MundhraSince Aug 20248 schemes
- S.G.Shantanu GodambeSince Jun 202319 schemes
Mr. Mundra is a B. COM. and Charted Accountant (CA) He is working with DSP Mutual Fund since april 2012, he has Over 9 years of experience.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y DSP Overnight Fund Direct - Growth Overnight 1,378.67 1,248.23 6.54 DSP Liquidity Direct-Growth Liquid 3,743.30 17,845.07 7.38 DSP Arbitrage Fund Direct - Growth Arbitrage 15.51 6,152.89 7.50 DSP Short Term Fund Direct Plan-Growth Short Duration 50.54 3,192.36 9.99 DSP Bond Direct-Growth Medium Duration 86.98 309.04 10.58 DSP Savings Fund Direct Plan-Growth Money Market 53.88 4,009.38 7.80 DSP Ultra Short Fund Direct Plan-Growth Ultra Short Duration 3,675.41 4,197.47 8.09 DSP Low Duration Fund Direct-Growth Low Duration 20.36 4,826.93 8.30 Mr. Godambehas done B.Com, MS (Finance) and CFA Prior to joining DSP Mutual Fund, he has worked with Yes Bank, Prebon Yamane and ICAP India Private Limited
More DSP Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| DSP Liquidity Direct-Growth | 17,845.07 | 0.51 | 1.78 | 3.60 | 7.38 | 6.97 | |
| DSP Midcap Direct Plan-Growth | 17,657.92 | 9.71 | 13.11 | 1.12 | 10.84 | 22.76 | |
| DSP ELSS Tax Saver Fund Direct Plan-Growth | 16,637.95 | 3.95 | 10.44 | 4.67 | 15.99 | 24.80 | |
| DSP Large & Mid Cap Fund Direct Plan-Growth | 14,386.91 | 4.44 | 10.56 | 4.08 | 13.87 | 26.13 | |
| DSP Small Cap Direct Plan-Growth | 14,258.03 | 7.82 | 11.66 | -1.89 | 9.58 | 22.10 | |
| DSP Flexi Cap Fund Direct Plan-Growth | 11,411.63 | 4.62 | 10.82 | 2.84 | 13.61 | 22.97 | |
| DSP Aggressive Hybrid Fund Direct-Growth | 10,829.34 | 3.39 | 9.12 | 6.12 | 19.08 | 20.95 | |
| DSP Arbitrage Fund Direct - Growth | 6,152.89 | 0.43 | 1.76 | 3.57 | 7.60 | 7.33 | |
| DSP Large Cap Fund Direct-Growth | 5,610.99 | 3.72 | 9.11 | 5.83 | 17.29 | 23.68 | |
| DSP India T.I.G.E.R. (The Infrastructure Growth and Economic Reforms Fund) Direct-Growth | 4,950.08 | 5.80 | 13.71 | -3.28 | -1.28 | 31.50 |
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About DSP Floater Fund Direct - Growth
1. DSP Floater Fund - Direct Plan is Open-ended Floater Debt scheme which belongs to DSP Mutual Fund House.
2. The fund was launched on Mar 19, 2021.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate regular income through investment predominantly in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives). "
2. It is benchmarked against CRISIL Short Duration Debt A-II Index.
Asset Allocation & Portfolio Composition
1. 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.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of DSP Floater Fund - Direct Plan is 13.4 years and Duration is 5.43 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on DSP Floater Fund Direct - Growth
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.
1. DSP Floater Fund - Direct Plan is Open-ended Floater Debt scheme which belongs to DSP Mutual Fund House.
2. The fund was launched on Mar 19, 2021.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate regular income through investment predominantly in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives). "
2. It is benchmarked against CRISIL Short Duration Debt A-II Index.
Asset Allocation & Portfolio Composition
1. 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.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of DSP Floater Fund - Direct Plan is 13.4 years and Duration is 5.43 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on DSP Floater Fund Direct - Growth
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.
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FAQs about DSP Floater Fund Direct - Growth
- Is it safe to invest in DSP Floater Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the DSP Floater Fund - Direct Plan comes under Moderate risk category.
- What is the category of DSP Floater Fund - Direct Plan?DSP Floater Fund - Direct Plan belongs to the Debt : Floater category of funds.
- How Long should I Invest in DSP Floater Fund - Direct Plan?The suggested investment horizon of investing into DSP Floater Fund - Direct Plan is <1 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the DSP Floater Fund - Direct Plan?The DSP Floater Fund - Direct Plan is managed by Karan Mundhra (Since Aug 01, 2024) and Shantanu Godambe (Since Jun 01, 2023).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.
