DSP Savings Fund
DSP Mutual Fund · Best Money Market Mutual Funds
This is the Direct plan of DSP Savings Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.
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 (+7.25% 3Y CAGR)NAV history
Scorecard
★★☆☆☆2/5 vs 59 of 70 Money Market 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 Money Market Fund (same plan and option). 59 of the 70 Money Market Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +0.42% · ranks 30 of 70 Money Market Funds
Volatility 4.6% vs 1.3% category avg
0.6% expense vs 0.2% category avg
98% 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
- Consistent — positive in 98% of rolling 3-year windows
Concerns
- 1-year return (+0.31%) trails the Money Market Fund average (+1.68%)
- 3-year return (+0.42%) trails the Money Market Fund average (+2.37%)
- 5-year return (+0.57%) trails the Money Market Fund average (+2.25%)
- More volatile than its Money Market Fund peers (4.6% vs 1.3%)
- High expense ratio (0.64%) vs the Money Market Fund average of 0.19%
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark ratios
Not shown for Money Market 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 (Money Market Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.64% | +0.06% | +0.58% |
| 3M abs | +2.12% | +0.63% | +1.49% |
| 6M abs | +0.70% | +0.93% | -0.23% |
| 1Y CAGR | +0.31% | +1.68% | -1.37% |
| 3Y CAGR | +0.42% | +2.37% | -1.95% |
| 5Y CAGR | +0.57% | +2.25% | -1.68% |
Category average across peers in Money Market Fund (67 of 70 carry a figure for at least one period), 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 70 peers in Money Market Fund
Rolling returns
Return for every possible 1Y holding period, not just today’s
152 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.
60 monthly installments of ₹10,000 into DSP Savings 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 | +1.45% | |
| 2025 | +0.30% | |
| 2024 | +0.53% | |
| 2023 | +0.40% | |
| 2022 | +0.96% | |
| 2021 | +0.23% | |
| 2020 | +0.77% | |
| 2019 | +0.04% | |
| 2018 | +1.46% | |
| 2017 | +0.10% |
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.
Taxation
Taxed as debtThis 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.
Your income-tax slab — no LTCG or indexation benefit
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.
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹9,253Cr in April - June 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.
Amrutanjan Health Care Share Price: Pari Washington Buys, DSP Sells
Univest · 12h ago
DSP Nifty 10 yr Benchmark G-Sec ETF Fund info
The Economic Times · 3d ago
Hormuz Impact: Upstream, Downstream Oil Stocks At Odds — DSP Fund Manager Explains Why
NDTV Profit · 3d ago
Best Risk-Reward Right Now? Large Financials, Insurance: DSP's Singh
NDTV Profit · 4d ago
DSP Floater Fund - Direct Plan
CNBC TV18 · 9d ago
DSP Credit Risk Fund - Direct Plan
CNBC TV18 · 9d ago
DSP Low Duration Fund - Direct Plan
CNBC TV18 · 9d ago
DSP Arbitrage Fund
CNBC TV18 · 9d ago
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 Savings Fund?
As of 20 Aug 2026, the NAV of DSP Savings Fund is ₹12.62 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has DSP Savings Fund delivered?
DSP Savings Fund has returned +0.31% over 1 year, +0.42% per year over 3 years, +0.57% per year over 5 years and +0.76% 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 Savings Fund?
DSP Savings Fund charges an expense ratio of 0.64% 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 Savings Fund?
Its largest holdings are GOVERNMENT OF INDIA 33618 GOI 13NV30 7.32 FV RS 100 (11.8%), CENTRAL GOVERNMENT LOAN 23277 GOI 22SP33 FLT FV RS 100 (8.9%), STATE DEVELOPMENT LOAN 36123 MH 25JU38 7.03 FV RS 100 (8.2%), GOVERNMENT OF INDIA 32829 GOI 10AP28 7.06 FV RS 100 (5.8%) and GOVERNMENT OF INDIA 36574 GOI 06OT35 6.48 FV RS 100 (5.6%). Holdings are disclosed monthly and change over time.
How risky is DSP Savings Fund?
It is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.6% and its worst peak-to-trough fall in our sample was -3.9%. 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 -1.32 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. DSP Savings Fund's -1.32 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of DSP Savings Fund?
DSP Savings Fund is benchmarked against the CRISIL Hybrid 85+15 Conservative Index. Its alpha and beta on this page are measured against that index.
Who manages DSP Savings Fund?
DSP Savings Fund is managed by Shantanu Godambe, Karan Mundhra and Shalini Vasanta at DSP.
How is DSP Savings Fund taxed?
DSP Savings 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.