MonitorDirect · GrowthWatch before adding
DSP Ultra Short to Short Term Fund
DSP Mutual FundIncome/Debt Oriented Schemes - Ultra Short to Short Term Fund11.6 years
- NAV
- 22.0806
- 29 Oct 2026
- 1Y
- +5.4%
- Trailing CAGR
- AUM
- ₹4,454.61 Cr
- 30 Sept 2026
- Volatility
- Low
- 0.9% 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 · Risk-adjusted return sits above the documented risk-free proxy.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer Axis Ultra Short to Short Term Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
11.6 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.31% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -1.5%. Ask whether you can hold through a similar fall.
Vs category
Fail
23% 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
Pass
Top 10 holdings ≈ 27.3% 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+5.4%
- 3Y+7.0%
- 5Y+6.4%
- 10Y+6.7%
- SI+7.0%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+5.3%
- 3Y+6.5%
- 5Y+6.7%
- 10Y+6.5%
- Since inception
- +7.0%
- Calendar-day CAGR
- Excess 1Y
- -0.4%
- Category median, same plan and option
- 3Y win rate
- +23%
- Windows beating the median
- 3Y percentile
- 0
- Vs comparable share classes
- SIP 3Y XIRR
- +6.5%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.8%
- 2098 daily-ending windows
- Median rolling 3Y
- +7.2%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1612 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -1.5%
- Worst peak-to-trough
- Current
- -0.1%
- Below last peak
- Current spell
- 16 days
- Days below latest peak
- Time below peak
- +17%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 156 recovered episodes
- Longest recovery
- 35 days
- Trough to prior peak
3 Jun 2019 – 3 Jul 2019
Trough 4 Jun 2019 · recovered in 29 days
-1.5%
9 Mar 2020 – 27 Mar 2020
Trough 24 Mar 2020 · recovered in 3 days
-1.5%
10 May 2019 – 24 May 2019
Trough 13 May 2019 · recovered in 11 days
-0.4%
2 May 2022 – 10 Jun 2022
Trough 6 May 2022 · recovered in 35 days
-0.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
0
Vs category
48
Consistency
21
Risk-adjusted
85
Drawdown
96
Mean
50
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
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 95 holdings · top 10 are 27.3%.
- Top 5
- 16.1%
- Top 10
- 27.3%
- Largest holding
- 4.0%
- Effective holdings
- 63.8
BHARTI TELECOM LIMITED SR XXV 7.35 NCD 15OT27 FVRS1LAC
Technology
4.0%
STATE DEVELOPMENT LOAN 30699 MH 25AG27 6.38 FV RS 100
Unspecified
3.4%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25C 7.44 BD 24FB28 FVRS1LAC
Financial
2.9%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR II RR BD 04JU29 FVRS1LAC
Financial
2.9%
REC LIMITED SR 223B 7.46 BD 30JU28 FVRS1LAC
Financial
2.9%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Axis Ultra Short to Short Term Fund
Axis Mutual Fund
- 1Y
- +5.9%
- 3Y
- +7.3%
- Vol
- 0.7%
- Max DD
- -1.5%
- Sharpe
- 2.52
- 3Y win
- +84%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
BANDHAN ULTRA SHORT TO SHORT TERM FUND
Bandhan Mutual Fund
- 1Y
- +5.7%
- 3Y
- +7.0%
- Vol
- 0.7%
- Max DD
- -1.2%
- Sharpe
- 2.18
- 3Y win
- +32%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
BARODA BNP PARIBAS ULTRA SHORT TO SHORT TERM FUND - Weekly Option
Baroda BNP Paribas Mutual Fund
- 1Y
- +6.0%
- 3Y
- +7.2%
- Vol
- 0.5%
- Max DD
- -0.6%
- Sharpe
- 1.84
- 3Y win
- +81%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
HDFC Ultra Short to Short Term Fund
HDFC Mutual Fund
- 1Y
- +5.7%
- 3Y
- +7.3%
- Vol
- 0.7%
- Max DD
- -1.3%
- Sharpe
- 2.27
- 3Y win
- +84%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
HSBC Ultra Short to Short Term Fund
HSBC Mutual Fund
- 1Y
- +5.8%
- 3Y
- +7.7%
- Vol
- 0.8%
- Max DD
- -0.2%
- Sharpe
- 2.14
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER