Fundalysisby DARKHORSESTOCKS

Scheme

DSP Medium Term Fund Ex DSP Bond Fund

Holds 1 companies worth ₹0.76 Cr in May 2026.

  • Fund house

    DSPThe fund house that runs this scheme.

  • AUM

    ₹249 CrDSP Medium Term Fund Ex DSP Bond Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 1.1% on Aug 2026, ₹251 Cr.

  • Largest holding

    Roadstar Infra Investment Trust InvITRoadstar Infra Investment Trust InvIT is 0.3% of this scheme's NAV.

  • Fund manager

    Vivek RamakrishnanRuns it since 17 Jul 2021, as the fund house dates it. With Karan Mundhra (co-manager).

Overview(6 Oct 2026)

Fund managers2

  1. Vivek RamakrishnanFund manager · Jul 2021 · 29y · PhD B.Tech
  2. Karan MundhraCo-manager · May 2021 · 16y · CA B.Com

    Key facts

    Benchmark
    CRISIL Medium Duration Debt A-III Index
    Risk
    Moderate
    Expense
    Regular 0.78% · Direct 0.41%
    Exit load
    Nil
    Started
    29 Apr 1997
    Minimum
    ₹100

    Source.Its Scheme Summary Document as of 6 Oct 2026 at AMFI.

    What changed(16 changes)

    Oct 2026

    1 change
    1. Expense ratio
      6 OctRegular 0.74% → 0.78%

    Sept 2026

    1 change
    1. Expense ratio
      15 SeptRegular 0.78% → 0.74%

    Aug 2026

    2 changes
    1. Renamed
      26 AugDSP Bond Fund → DSP Medium Term Fund
    2. Expense ratio
      12 AugRegular 0.79% → 0.78%Direct 0.42% → 0.41%

    Source.Its filings at NSE, since Aug 2024.

    Fund managers over time(May 2021 – now)

    1. Vivek Ramakrishnan
    2. Karan Mundhra
    MainCoSlice20222023202420252026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Aug 2024 – Oct 2026)

    Every change to the expense ratio, newest first.
    16 changesRegularDirectΔ pt
    6 Oct 20260.78%0.41%0
    15 Sept 20260.74%0.41%0
    12 Aug 20260.78%0.41%0.01
    1 Jul 20260.79%0.42%0.02
    1 Jun 20260.77%0.40%0.02
    28 May 20260.79%0.42%0.20
    26 May 20260.99%0.62%0.22
    6 Apr 20260.77%0.40%0
    1 Feb 20260.75%0.40%0
    28 Nov 20250.78%0.40%0
    10 Oct 20250.81%0.40%0
    8 Aug 20250.78%0.40%0
    7 Jul 20250.76%0.40%0
    29 Apr 20250.72%0.40%0
    2 Dec 20240.75%0.40%0
    21 Aug 20240.77%0.40%–
    Direct plan, 6 Oct 2026
    0.41%
    Regular plan 0.78% · Exit load nil
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(6 Oct 2026)

    Objective

    The primary investment objective of the Scheme is to seek to generate an attractive return, consistent with prudent risk, from a portfolio which is substantially constituted of high quality debt securities, predominantly of issuers domiciled in India. This shall be the fundamental attribute of the Scheme. As a secondary objective, the Scheme will seek capital appreciation. The Scheme will also invest a certain portion of its corpus in money market securities, in order to meet liquidity requirements from time to time. There is no assurance that the investment objective of the Scheme will be achieved.

    Risk, type and benchmark

    Riskometer
    Moderate
    At launch
    Moderate
    Risk class
    B-III: moderate credit risk, relatively high interest-rate risk
    Type
    An open ended medium term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 3 years and 4 years (please refer page no. 59 under the section Where will the Scheme invest for details on Macaulay s Duration). A relatively high interest rate risk and moderate credit risk.
    Benchmark
    CRISIL Medium Duration Debt A-III Index

    Asset allocation it may hold% of NAV

    1. (Table 1) 1. Debt and Money market instruments such that the Macaulay duration of the portfolio is between 3 years to 4 years
      Allowed0–100%
    2. (Table 2) 1. Debt and Money market instruments such that the Macaulay duration of the portfolio is between 1 to 4 years
      Allowed0–100%

    Holds in May 2026.99.7% debt and cash · 0.3% REITs and InvITs

    How to invest(6 Oct 2026)

    Buying

    To start
    ₹100, then in multiples of ₹1
    To add
    ₹100, then in multiples of ₹1
    Systematic
    SIP Daily,Weekly, Monthly, Quarterly, Half-Yearly and Yearly SWP Weekly, Monthly, Quarterly, Half-Yearly and Yearly STP Daily, Weekly, Monthly, Quarterly, Half-Yearly and Yearly *Weekly Monday to Friday
    Dates
    Any date
    Minimum
    ₹100, then in multiples of ₹1
    Instalments
    SIP - 12, SWP & STP - 6

    Selling and switching

    To redeem
    ₹0.01 or 0.001 units
    Switch minimum
    ₹100 or 0.001 units
    Switch multiples
    ₹0.01 or 0.001 units

    Scheme details(6 Oct 2026)

    What it is

    Category
    Medium Duration Fund
    Offer
    7 Apr 1997 to 15 Apr 1997
    Started
    29 Apr 1997
    Reopened
    30 Apr 1997
    Plans
    Regular Plan & Direct Plan Growth* Income Distribution cum Capital Withdrawal option (IDCW) 1. Payout of Income Distribution cum Capital Withdrawal (IDCW) Option* 2. Reinvestment of Income Distribution cum Capital Withdrawal (IDCW) Option Default Option*
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    Yes
    Side-pocketing
    Yes
    Custodian
    HSBC
    Auditor
    S.R. Batliboi & Co LLP
    Registrar
    Computer Age Management Services Limited
    SEBI code
    DSPM/O/D/MDF/97/03/0002