DebtMedium Duration FundRegularIDCWModerate

DSP Bond Fund

Q: What is the NAV of DSP Bond Fund?

As of 20 Aug 2026, the NAV of DSP Bond Fund is ₹11.69 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has DSP Bond Fund delivered?

DSP Bond Fund has returned +0.08% over 1 year, +0.36% per year over 3 years, +0.44% per year over 5 years and +0.28% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of DSP Bond Fund?

DSP Bond Fund charges an expense ratio of 0.78% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of DSP Bond Fund?

Its largest holdings are GOVERNMENT OF INDIA 37080 GOI 16FB31 6.36 FV RS 100 (14.2%), STATE DEVELOPMENT LOAN 31245 HAR 05JN32 7.13 FV RS 100 (13.9%), STATE DEVELOPMENT LOAN 32666 MH 01MR31 7.72 FV RS 100 (10.5%), 7.73% Maharashta State Government Securities (10.4%) and STATE DEVELOPMENT LOAN 31356 KAR 09FB32 7.3 FV RS 100 (10.3%). Holdings are disclosed monthly and change over time.

Q: How risky is DSP Bond Fund?

It is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 6.5% and its worst peak-to-trough fall in our sample was -13.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.94 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. DSP Bond Fund's -0.94 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of DSP Bond Fund?

DSP Bond Fund is benchmarked against the CRISIL Medium Duration Debt A-III Index. Its alpha and beta on this page are measured against that index.

Q: Who manages DSP Bond Fund?

DSP Bond Fund is managed by Karan Mundhra and Vivekanand Ramakrishnan at DSP.

Q: How is DSP Bond Fund taxed?

DSP Bond Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

DSP Mutual Fund · Best Medium Duration Mutual Funds

This is the Regular plan of DSP Bond Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

NAV

₹11.69

-0.22% 1D

as of 20 Aug 2026

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This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns (+7.14% 3Y CAGR)

NAV history

+0.09%CAGR

52-week rangePrev NAV ₹11.72

Latest ₹11.69

Low ₹11.3058th percentile of its 52-week rangeHigh ₹11.98

Scorecard

★★☆☆☆2/5 vs 27 of 26 Medium Duration Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Medium Duration Fund (same plan and option). 27 of the 26 Medium Duration Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +0.36% · ranks 17 of 26 Medium Duration Funds

RiskHigh

Volatility 6.5% vs 3.3% category avg

CostLow

0.8% expense vs 1.3% category avg

ConsistencyLow

67% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Low expense ratio (0.78%) vs the Medium Duration Fund average of 1.33%

Concerns

1-year return (+0.08%) trails the Medium Duration Fund average (+1.10%)
3-year return (+0.36%) trails the Medium Duration Fund average (+2.13%)
5-year return (+0.44%) trails the Medium Duration Fund average (+2.37%)
More volatile than its Medium Duration Fund peers (6.5% vs 3.3%)
Positive in only 67% of rolling 3-year windows

Key Metrics

Annual fee charged by the fund, already deducted from NAV

Category 1.33%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.94

Category -1.61▲0.67

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

Exit Load

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Smallest recurring SIP instalment the scheme accepts

Smallest one-time (lumpsum) investment the scheme accepts

Benchmark

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Apr 2006

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.30%

Absolute return over the last 3 months (not annualized)

+2.86%

Absolute return over the last 6 months (not annualized)

-2.09%

Absolute return since 1 Jan of this year (not annualized)

-1.69%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+0.08%

3-year annualized return (CAGR)

+0.36%

5-year annualized return (CAGR)

+0.44%

10-year annualized return (CAGR)

+0.39%

Annualized return (CAGR) since the fund's inception

+0.28%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

6.52%

Excess return per unit of total volatility (rf = 6.5%)

-0.94

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.95

Largest peak-to-trough decline over full history

-12.99%

Benchmark ratios

Not shown for Medium Duration Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Medium Duration Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.30%	+0.19%	+0.11%
3M abs	+2.86%	+1.81%	+1.05%
6M abs	-2.09%	-0.23%	-1.86%
1Y CAGR	+0.08%	+1.10%	-1.02%
3Y CAGR	+0.36%	+2.13%	-1.77%
5Y CAGR	+0.44%	+2.37%	-1.93%

Category average across peers in Medium Duration Fund (up to 26 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 26 peers in Medium Duration Fund

1Y return

+0.08%

Beats 30.8% · rank #19

3Y return

+0.36%

Beats 38.5% · rank #17

5Y return

+0.44%

Beats 41.7% · rank #15

Sharpe

-0.94

Beats 57.7% · rank #12

Sortino

-0.95

Beats 61.5% · rank #11

Rolling returns

Return for every possible 1Y holding period, not just today’s

Average

+0.4%

Median

+0.1%

Best

+9.8%

Worst

-8.2%

Positive periods

52.8%

233 overlapping 1Y windows, sampled monthly across the fund’s history.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.05L

Absolute

+0.78%

XIRR

+0.32%

Value vs. invested

60 monthly installments of ₹10,000 into DSP Bond Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	-1.66%
2025	+0.09%
2024	+0.02%
2023	+3.51%
2022	-1.09%
2021	-2.76%
2020	+9.93%
2019	-0.60%
2018	-2.36%
2017	-4.35%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

4,933

Expense ratio

AUM

Portfolio turnover

Exit load

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Medium Duration Fund

Compare all


DSP Bond FundThis fund DSP	★★☆☆☆	+0.08%	+0.36%	+0.44%	—	0.78%	₹271.46Cr
Kotak Medium Term Fund Kotak Mahindra	★★★★★	+6.76%	+8.10%	+6.49%	—	—	—
SBI Medium Duration Fund SBI	★★★★★	+6.66%	+7.41%	+6.35%	—	1.22%	₹6,442Cr
Bandhan Medium Duration Fund Bandhan	★★★★☆	+5.48%	+6.85%	+5.32%	—	—	₹87.06L
Invesco India Medium Duration Fund Invesco	★★★★★	+4.70%	+6.61%	+5.27%	—	—	₹6.55L
UTI Medium Duration Fund UTI	★★★★☆	+4.89%	+6.46%	+5.33%	—	—	₹1.55L

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-13.0%24 Nov 2016 → 10 Jun 2019
Fell over 2.5 years, back to the old high on 06 Feb 2024 — 4.7 years under water after the low.
-12.5%18 Dec 2008 → 19 Aug 2013
Fell over 4.7 years, back to the old high on 23 Nov 2016 — 3.3 years under water after the low.
-7.4%31 Mar 2025 → 02 Apr 2026
Still below that high — 12 months down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹271.46Cr

April - June 2026

-12%

since January - March 2026

Down +12% from its peak of ₹309.47Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

DSP in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Debt funds

Debt funds lend money to governments and companies and earn interest. They're generally steadier than equity funds; their risk comes from interest-rate moves and, for some, the creditworthiness of borrowers.

Frequently asked questions

What is the NAV of DSP Bond Fund?

As of 20 Aug 2026, the NAV of DSP Bond Fund is ₹11.69 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has DSP Bond Fund delivered?

DSP Bond Fund has returned +0.08% over 1 year, +0.36% per year over 3 years, +0.44% per year over 5 years and +0.28% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of DSP Bond Fund?

DSP Bond Fund charges an expense ratio of 0.78% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of DSP Bond Fund?

Its largest holdings are GOVERNMENT OF INDIA 37080 GOI 16FB31 6.36 FV RS 100 (14.2%), STATE DEVELOPMENT LOAN 31245 HAR 05JN32 7.13 FV RS 100 (13.9%), STATE DEVELOPMENT LOAN 32666 MH 01MR31 7.72 FV RS 100 (10.5%), 7.73% Maharashta State Government Securities (10.4%) and STATE DEVELOPMENT LOAN 31356 KAR 09FB32 7.3 FV RS 100 (10.3%). Holdings are disclosed monthly and change over time.

How risky is DSP Bond Fund?

It is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 6.5% and its worst peak-to-trough fall in our sample was -13.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -0.94 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. DSP Bond Fund's -0.94 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of DSP Bond Fund?

DSP Bond Fund is benchmarked against the CRISIL Medium Duration Debt A-III Index. Its alpha and beta on this page are measured against that index.

Who manages DSP Bond Fund?

DSP Bond Fund is managed by Karan Mundhra and Vivekanand Ramakrishnan at DSP.

How is DSP Bond Fund taxed?

DSP Bond Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.