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DSP Fairness & Bond Fund Assessment

On this version of the fund efficiency report, we assessment DSP Fairness & Bond Fund. The fund was launched as DSP Merrill Lynch Balanced Fund in Could 1999. Then, DSP BlackRock Balanced Fund in 2008, and DSP Fairness and Bond Fund in 2018. The fund at present has an AUM of Rs. 6,837 Crores.

Disclaimer: Fund efficiency studies current return and danger evaluation of a fund with consultant benchmarks and never funding suggestions. It have to be expressly understood that the info beneath mirror solely previous efficiency and is by no means a sign of future efficiency. Our funding suggestions will be discovered right here: Handpicked Record of Mutual Funds (PlumbLine).

We learn the way persistently the Fund has carried out wrt Nifty 100 TRI and CRISL 65:35 Aggressive hybrid index. We are going to use three metrics to investigate efficiency consistency versus benchmarks. Evaluation corresponding to this may be discovered for 350+ fairness funds in our month-to-month mutual fund screener.

The asset allocation historical past of the DSP Fairness & Bond Fund is proven beneath. The fairness portion has behaved like a big and mid cap fund with a small publicity to small cap shares. This allocation is pretty fixed over time.

Asset allocation historical past of DSP Fairness & Bond Fund

1 Rolling return outperformance consistency: the fund returns are in contrast with class benchmark returns over each attainable  3Y,4Y, and 5Y interval. Larger the outperformance consistency, the higher. Suppose 876 fund returns had been in contrast with 876 benchmark returns, and the fund has crushed the benchmark 675 instances. The consistency rating might be 675/876 ~ 77%.

Three years

Metric Nifty 100 TRI Crisil6535
No of rolling return entries Index (3 Years) 1621 1624
No of rolling return entries Fund (3 years) 1621 1624
No of instances fund outperformed index (3 years) 1098 1209
rolling return outperformance Consistency Rating (3 years) 68% 74%

4 years

Metric Nifty 100 TRI Crisil6535
No of rolling return entries Index (4 Years) 1377 1380
No of rolling return entries Fund (4 years) 1377 1380
No of instances fund outperformed index (4 years) 813 1135
rolling return outperformance Consistency Rating (4 years) 59% 82%

5 years

Metric Nifty 100 TRI Crisil6535
No of rolling return entries Index (5 Years) 1129 1130
No of rolling return entries Fund (5 years) 1129 1130
No of instances fund outperformed index (5 years) 749 1016
rolling return outperformance Consistency Rating (5 years) 66% 90%

That may be a moderately constant above-average efficiency.

2 Upside efficiency consistency over each attainable 1Y,2Y,3Y,4Y, 5Y: Larger the higher. A rating of 70% means, 7 out of 10 instances, the Fund carried out higher than the class benchmark when the benchmark was shifting up. It is a measure of reward. It’s computed from rolling upside seize information (see hyperlink beneath).

Metric Nifty 100 TRI Crisil6535
upside efficiency consistency (3 years) 5% 98%
upside efficiency consistency (4 years) 0% 100%
upside efficiency consistency (5 years) 0% 100%

DSP Fairness & Bond Fund tends to outperform the hybrid index when the index is on the upmove.

Metric Nifty 100 TRI Crisil6535
draw back safety consistency (3 years) 100% 19%
draw back safety consistency (4 years) 100% 16%
draw back safety consistency (5 years) 100% 2%

The draw back safety consistency wrt Nifty 100 TRI will be discounted because the index doesn’t maintain bonds just like the fund. The fund usually doesn’t defend the draw back. That’s, when the hybrid index fell, it fell extra.

Most funds outperform the index with good draw back seize.  DSP Fairness & Bond Fund is of the few funds to perform outperformance with good upside seize.

Trailing Returns

Benchmark Nifty 100 TRI Crisil6535
Trailing Benchmark Return 1Y 8.390% 6.846%
Trailing Fund Return 1Y 0.591% 0.591%
Trailing Benchmark Return 2Y 26.840% 19.672%
Trailing Fund Return 2Y 21.270% 21.270%
Trailing Benchmark Return 3Y 18.546% 15.905%
Trailing Fund Return 3Y 16.578% 16.578%
Trailing Benchmark Return 4Y 12.221% 11.889%
Trailing Fund Return 4Y 12.099% 12.099%
Trailing Benchmark Return 5Y 12.448% 11.238%
Trailing Fund Return 5Y 11.135% 11.135%

The fund’s final yr has been fairly poor, but it surely has fared higher over longer (trailing) durations.

DSP Fairness & Bond Fund has an affordable however unspectacular efficiency consistency report. The trailing 1Y efficiency is worrying and prevents us from recommending the fund to new traders. Present traders must take a name by reviewing their private efficiency data (this can range significantly relying on after they began investing). See, for instance, The Blind Males and the Mutual Fund! Commonplace previous efficiency disclaimers, as famous above, apply. Kindly do your individual analysis earlier than investing or exiting.

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