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DSP BlackRock Short Term Fund

Short Term Funds Investment Objective An Open Ended income Scheme, seeking to generate income commensurate with prudent risk, from a portfolio constituted of money market securities, floating rate debt securities and debt securities.

Asset Allocation

50% - 100%: Money Market Securities, Floating rate debt securities** whose coupon(s) are reset at least once a year*, fixed rate debt securities** having an average or residual maturity of less than or equal to 367 days or having put options within a period not exceeding 367 days.
0% - 50%: Fixed rate debt securities** having residual or average maturity of more than 367 days and floating rate debt security where the next reset date is more than 367 days from the date of purchase.

*Floating rate debt securities will include fixed rate debt securities swapped for floating rate returns by using derivatives **Debt securities may include securitised debts up to 60% of the net assets

As on May 18, 2012

Fund Manager

As on Apr 30, 2012

Key Scheme Information

Launch Date: September 09, 2002
Scheme AUM 777.00 Cr.
Benchmark CRISIL Liquid Fund Index
Modified Duration 0.68 yrs
Average Maturity 0.77 yrs
Expense Ratio (F.Y. beginning to date) 0.95%
Scheme Features  
Minimum first purchase 5,000/-
Minimum additional purchase 1,000/-
Options available
  • Regular
    • Growth
    • Weekly Dividend – Reinvest
    • Monthly Dividend
      • Payout
      • Reinvest
    • Dividend
      • Payout
      • Reinvest
Entry Load Nil
Exit Load
  • Holding Period <= 6 months: 0.50%
  • Holding Period > 6 months: Nil

Short Term Funds Investment Objective An Open Ended income Scheme, seeking to generate income commensurate with prudent risk, from a portfolio constituted of money market securities, floating rate debt securities and debt securities.

Portfolios as on April 30, 2012
Sr. No. Name of Instrument Rating / Industry Market value (Rs. In lakhs) % to Net Assets
  MONEY MARKET INSTRUMENT      
  Certificate of Deposit      
1 Canara Bank CRISIL A1+ 8,395.27 10.98%
2 Indian Overseas Bank ICRA A1+ 3,763.84 4.92%
3 Vijaya Bank CARE A1+ 3,495.34 4.57%
4 Andhra Bank CARE A1+ 2,625.43 3.43%
5 Union Bank of India CRISIL A1+ 2,354.30 3.08%
6 Central Bank of India CARE A1+ 2,337.70 3.06%
7 IDBI Bank CRISIL A1+ 2,343.41 3.06%
8 Axis Bank CRISIL A1+ 1,877.46 2.45%
9 Syndicate Bank CRISIL A1+ 1,781.53 2.33%
10 ICICI Bank ICRA A1+ 1,554.58 2.03%
11 Syndicate Bank CARE A1+ 935.71 1.22%
12 ICICI Bank CARE A1+ 468.68 0.61%
13 State Bank of Patiala ICRA A1+ 327.17 0.43%
14 Punjab & Sind Bank CRISIL A1+ 295.71 0.39%
  Total   32,556.13 42.56%
         
  SECURITISED DEBT INSTRUMENTS      
15 Royal Trust PTC Series A2 - May2004 - (Citibank N.A.) CRISIL AAA(SO) 477.95 0.63%
  Total   477.95 0.63%
         
  BONDS & NCDs      
  Listed / awaiting listing on the stock exchanges      
16 Housing Development Finance Corporation CRISIL AAA 6,020.33 7.88%
17 Power Finance Corporation CRISIL AAA 5,500.50 7.19%
18 Shriram Transport Finance Company CRISIL AA 4,064.10 5.31%
19 HDB Financial Services CARE AAA 4,006.62 5.24%
20 Sundaram BNP Home Finance CARE AA+ 3,893.41 5.10%
21 Sundaram Finance ICRA AA+ 2,654.29 3.47%
22 LIC Housing Finance CRISIL AAA 2,503.49 3.27%
23 Tata Capital CARE AA+ 2,040.23 2.67%
24 Kotak Mahindra Prime ICRA AA+ 1,988.07 2.60%
25 Mahindra & Mahindra Financial Services CRISIL AA+ 1,867.88 2.44%
26 National Housing Bank CRISIL AAA 1,796.76 2.35%
27 Power Grid Corporation of India CRISIL AAA 496.23 0.65%
28 Rural Electrification Corporation CRISIL AAA 497.41 0.65%
29 Shriram Transport Finance Company CARE AA+ 111.39 0.15%
30 LIC Housing Finance FRN CRISIL AAA 99.54 0.13%
  Total   37,540.24 49.10%
         
  Unlisted      
31 Tata Sons CRISIL AAA 2,496.01 3.26%
  Total   2,496.01 3.26%
         
  CBLO / Reverse Repo Investments   2,022.04 2.64%
  Total   2,022.04 2.64%
         
  Cash & Cash Equivalents      
  Net Receivable/Payable   1,378.09 1.81%
  Total   1,378.09 1.81%
  Grand Total   76,470.47 100.00%

Notes:

  1. 1. Modified Duration 1.06 yrs
  2. 2. Average Maturity 1.28 yrs
  3. 3. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, FITCH.
  4. 4. @ Pending Allotment

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