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DSP Short Term Fund

Short DurationModerateOPEN-ENDED
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NAV as on 24 Sep 2026
₹49.33-0.15%1 day
Return since launch
6.9%
52-week range
₹47.19 — ₹49.46
AUM
₹3,235 Cr

DSP Short Term Fund is a Short Duration debt fund from DSP Mutual Fund with ₹3,235 Cr under management, launched in 2002. Over three years it has returned 6.0% a year, against 6.7% for its category. The expense ratio is 0.96% and the SEBI riskometer reading is Moderate.

Performance

DSP Short Term Fund NAV and returns

Growth of the fund against its category average over the period you pick.

Over 1Y this fund returned +4.5% against +4.9% for its category.

Performance

Returns

How the fund has done against its category and its benchmark.

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y4.4%−0.3 pts4.8%4.9%
2Y5.2%−0.3 pts5.5%5.6%
3Y6.0%−0.8 pts6.7%6.3%
5Y6.1%+0.1 pts6.1%6.4%
7Y5.9%−0.4 pts6.3%6.1%
10Y6.1%−0.2 pts6.3%6.3%

Fund against category

1Y
Fund4.4%
Category4.8%
3Y
Fund6.0%
Category6.7%
5Y
Fund6.1%
Category6.1%

Since launch (30 Aug 2002): 6.9%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
20257.2%−0.9 pts8.1%
20247.6%−0.7 pts8.3%
20236.6%−0.7 pts7.3%
20223.0%−2.0 pts5.0%
20212.8%−1.7 pts4.5%
20209.5%−0.3 pts9.8%

Returns over one year are annualised. Shorter periods are absolute.

Costs & terms

Costs and terms

What the fund charges each year, and the rules around putting money in and taking it out.

Costs

0.96%

Expense ratio as on 23 Sep 2026

Charged yearly and already deducted from the NAV.

Base expense
0.80%
Brokerage
0.01%
Transaction charges
0.01%
Statutory levies
0.14%
Exit load
Exit load of 0.25% if redeemed within 3 months
Lock-in
None

Terms

Min SIP
₹3,000
Min lumpsum
₹5,000
Plan
GROWTH
Fund type
OPEN-ENDED
Benchmark
CRISIL Short Duration Debt A-II Index

Risk

Risk

What the riskometer means for this fund, and how its ratios sit against the category.

Moderate

Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.

Risk ratios
RatioFundCategory avgRead as
Alpha——Return earned above what the benchmark alone would have given. Higher is better.
Beta——How hard the fund moves when the market moves. Under 1 is steadier than the market.
Sharpe0.510.94Return earned for each unit of total risk taken. Higher is better.
Sortino0.791.59Return earned for each unit of downside risk. Higher is better.
Std. deviation1.441.35How widely monthly returns have varied around their own average. Lower is steadier.
Average of 5 category peers

Portfolio

DSP Short Term Fund portfolio

Portfolio as of 31 Aug 2026

Asset allocation

  • Debt99.8%
  • Other0.2%

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
GOISovereign6.57%₹213 Cr+3.24%+2.86%+17.32%
Small Industries Devp. Bank of India Ltd.Financial5.38%₹174 Cr+4.59%+4.02%+4.23%
National Bank For Agriculture & Rural DevelopmentFinancial4.54%₹147 Cr+1.54%+4.32%+4.24%
LIC Housing Finance Ltd.Financial4.49%₹145 Cr+3.20%+2.76%+2.92%
India Universal Trust AL1Others4.09%₹132 Cr+4.22%+3.77%+3.97%
Power Finance Corporation Ltd.Financial3.68%₹119 Cr+4.71%+4.05%+4.11%
Knowledge Realty TrustConstruction3.11%₹101 Cr+3.09%+2.70%—
Muthoot Finance Ltd.Financial2.68%₹86.74 Cr+0.84%+0.72%+0.70%
India Infrastructure Finance Company Ltd.Construction2.46%₹79.58 Cr+2.39%+2.06%+2.16%
Indian Railway Finance Corporation Ltd.Financial2.39%₹77.18 Cr+0.77%+0.72%+0.70%

Sectors

  • Financial59.3%
  • Sovereign14.3%
  • Construction10.2%
  • Others6.2%
  • Communication4.6%
  • Capital Goods2.3%
  • Materials1.6%
  • Healthcare1.4%

Instruments

  • Debenture27.5%
  • Certificate of Deposit14.3%
  • Bonds12.4%
  • Non Convertible Debenture11.8%
  • GOI Securities9.3%
  • Bonds/NCDs6.4%
  • State Development Loan5.5%
  • GOI Securities Floating Rate Bond5.0%

Recent changes

HoldingFromToWeight
company:14120.00%2.25%+2.25%
Muthoot Finance Ltd.0.72%2.68%+1.96%
Torrent Power Ltd.1.74%0.00%-1.74%
company:70020.00%1.55%+1.55%
company:59890.00%1.52%+1.52%
company:4420.00%1.50%+1.50%
company:56520.00%1.49%+1.49%
Karnataka State1.46%0.00%-1.46%
company:53290.00%0.76%+0.76%
Uttar Pradesh State0.73%0.00%-0.73%
GOI4.51%4.97%+0.46%
India Universal Trust AL13.81%4.09%+0.28%
Knowledge Realty Trust2.85%3.11%+0.26%
Small Industries Devp. Bank of India Ltd.2.86%3.10%+0.24%
Indian Railway Finance Corporation Ltd.2.17%2.39%+0.22%
India Infrastructure Finance Company Ltd.2.24%2.46%+0.22%
Bajaj Finance Ltd.1.48%1.63%+0.15%
Mahindra Rural Housing Finance Ltd.1.43%1.57%+0.14%
Tata Capital Housing Finance Ltd.1.41%1.55%+0.14%
ICICI Home Finance Company Ltd.1.49%1.63%+0.14%
Maharashtra State1.49%1.63%+0.14%
Cholamandalam Investment and Finance Company Ltd.1.22%1.34%+0.12%
Gujarat State1.46%1.58%+0.12%
REC Ltd.1.02%1.12%+0.10%
Jio Credit Ltd.0.74%0.82%+0.08%
Mindspace Business Parks REIT0.70%0.77%+0.07%
National Bank For Agriculture & Rural Development0.72%0.79%+0.07%
Power Finance Corporation Ltd.0.72%0.79%+0.07%
LIC Housing Finance Ltd.0.75%0.82%+0.07%
Torrent Pharmaceuticals Ltd.0.56%0.61%+0.05%
Jamnagar Utilities and Power Pvt. Ltd.2.30%2.33%+0.03%
Export-Import Bank Of India1.52%1.55%+0.03%
Others0.32%0.35%+0.03%
Bharti Telecom Ltd.0.22%0.24%+0.02%

Compare

Similar funds

The rest of the category, so this fund’s numbers have something to sit against.

FundAUMExpense1Y3Y5Y
Category average₹11,181 Cr0.91%5.2%6.6%6.7%
ICICI Prudential Short Term Fund₹19,403 Cr1.05%5.3%6.6%6.9%
HDFC Short Term Fund₹14,486 Cr0.72%4.9%6.5%6.7%
Bandhan Short Term Fund₹8,731 Cr0.87%5.9%6.7%6.7%
Axis Short Term Fund₹7,501 Cr0.93%5.2%6.7%6.7%
Aditya Birla Sun Life Short Term Fund₹5,782 Cr0.96%4.9%6.4%6.6%

About

About this fund

The scheme’s own words, its benchmark and the people running it.

Investment objective

The scheme seeks to generate income commensurate with prudent risk, from a portfolio constituted of money market securities and debt securities.

Fund managers

  • Karan MundhraMr. 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.
  • Shantanu GodambeMr. Godambehas done B.Com, MS (Finance) and CFAPrior to joining DSP Mutual Fund, he has worked with Yes Bank, Prebon Yamane and ICAP India Private Limited
Scheme information document

Tools

Return calculator

What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.

₹
Over the pastTotal investmentWould’ve becomeGrowthReturns
6 months2.80% absolute₹60,000₹61,6802.80%
1 year4.49% annualised₹1,20,000₹1,22,9592.47%
3 years6.52% annualised₹3,60,000₹3,98,59010.72%
5 years5.60% annualised₹6,00,000₹6,93,79815.63%

Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.

How this is calculated

Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.

The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.

Questions

Frequently asked questions

The things people ask about this scheme.

What is the NAV of DSP Short Term Fund?
The NAV of DSP Short Term Fund is ₹49.33 as on 24 Sep 2026.
What is the expense ratio of DSP Short Term Fund?
The expense ratio of DSP Short Term Fund is 0.96% per year.
What is the minimum SIP amount for DSP Short Term Fund?
You can start a SIP in DSP Short Term Fund with ₹3,000 a month.
What returns has DSP Short Term Fund given?
DSP Short Term Fund has returned 4.4% over 1 year, 6.0% over 3 years and 6.1% over 5 years (annualised).
Is there a lock-in or exit load on DSP Short Term Fund?
Lock-in: None. Exit load: Exit load of 0.25% if redeemed within 3 months.
How risky is DSP Short Term Fund?
DSP Short Term Fund is rated Moderate on the SEBI riskometer and belongs to the Short Duration category.
Which fund house manages DSP Short Term Fund?
DSP Short Term Fund is managed by DSP Mutual Fund, which runs 60 schemes with ₹2,33,296 Cr under management.