MonitorDirect · GrowthWatch before adding
DSP Floating Interest Rates Fund
DSP Mutual FundIncome/Debt Oriented Schemes - Floating Interest Rates Fund5.6 years
- NAV
- 14.2423
- 29 Oct 2026
- 1Y
- +4.2%
- Trailing CAGR
- AUM
- ₹316.19 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.1% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 82% of rolling 3-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Prefer peers if · Prefer BANDHAN FLOATING INTEREST RATES FUND if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
5.6 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.27% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -0.8%. Ask whether you can hold through a similar fall.
Vs category
Pass
82% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 93.8% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+4.2%
- 3Y+7.4%
- 5Y+6.4%
- 10Yn/a
- SI+6.5%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+3.7%
- 3Y+6.1%
- 5Y+6.8%
- 10Yn/a
- Since inception
- +6.5%
- Calendar-day CAGR
- Excess 1Y
- -1.3%
- Category median, same plan and option
- 3Y win rate
- +82%
- Windows beating the median
- 3Y percentile
- 55
- Vs comparable share classes
- SIP 3Y XIRR
- +6.1%
- Simulated monthly SIP
- Worst rolling 3Y
- +5.8%
- 631 daily-ending windows
- Median rolling 3Y
- +7.9%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 148 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -0.8%
- Worst peak-to-trough
- Current
- -0.7%
- Below last peak
- Current spell
- 76 days
- Days below latest peak
- Time below peak
- +49%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 183 recovered episodes
- Longest recovery
- 57 days
- Trough to prior peak
14 Aug 2026 – open
Trough 28 Oct 2026 · not recovered
-0.8%
30 Mar 2022 – 5 Jul 2022
Trough 9 May 2022 · recovered in 57 days
-0.5%
5 Mar 2026 – 8 Apr 2026
Trough 2 Apr 2026 · recovered in 6 days
-0.5%
16 Dec 2021 – 31 Jan 2022
Trough 10 Jan 2022 · recovered in 21 days
-0.5%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
55
Vs category
42
Consistency
65
Risk-adjusted
52
Drawdown
98
Mean
62
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Supporting reads
- The fund beat the category median in 82% of rolling 3-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 15 holdings · top 10 are 93.8%.
- Top 5
- 56.3%
- Top 10
- 93.8%
- Largest holding
- 21.5%
- Effective holdings
- 9.4
CENTRAL GOVERNMENT LOAN 23277 GOI 22SP33 FLT FV RS 100
Entities
21.5%
Reverse Repo
Unspecified
11.1%
GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100
Entities
8.0%
7.64% Telangana SDL 2044
Financial
7.8%
EXPORT IMPORT BANK OF INDIA 143D CP 11DEC26
Financial
7.8%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
BANDHAN FLOATING INTEREST RATES FUND
Bandhan Mutual Fund
- 1Y
- +5.8%
- 3Y
- +7.6%
- Vol
- 0.8%
- Max DD
- -0.7%
- Sharpe
- 0.63
- 3Y win
- +13%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
ICICI Prudential Floating Interest Rates Fund
ICICI Prudential Mutual Fund
- 1Y
- +5.5%
- 3Y
- +7.5%
- Vol
- 1.0%
- Max DD
- -1.8%
- Sharpe
- 2.31
- 3Y win
- +99%
- Lower volatility
- Higher win rate vs category
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER
Axis Floating Interest Rates Fund
Axis Mutual Fund
- 1Y
- +5.8%
- 3Y
- +8.2%
- Vol
- 1.8%
- Max DD
- -1.3%
- Sharpe
- 0.59
- 3Y win
- +99%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Franklin India Floating Interest Rates Fund
Franklin Templeton Mutual Fund
- 1Y
- +5.8%
- 3Y
- +7.9%
- Vol
- 0.6%
- Max DD
- -1.3%
- Sharpe
- 0.89
- 3Y win
- +28%
- Lower volatility
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER
SBI Floating Interest Rates Fund
SBI Mutual Fund
- 1Y
- +6.1%
- 3Y
- +7.3%
- Vol
- 0.8%
- Max DD
- -0.6%
- Sharpe
- 0.59
- 3Y win
- +22%
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns