DSP Short Term Fund is a Short Duration fund run by DSP Mutual Fund. On 30-09-2026, it managed ₹3,416 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.0% a year and its Regular plan returned 6.3% a year.
NAV (Direct plan)
₹53.88
▲ 0.04% · 30-10-2026
NAV (Regular plan)
₹49.19
▲ 0.04% · 30-10-2026
Expense ratio
0.37%Direct0.96%Regular
0.37%
A year
Riskometer
Moderate
Set by the fund house
3 year return
7.0%Direct6.3%Regular
7.0%
A year
DSP Short Term Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹53.88 (up 0.04% that day); Regular Plan Growth ₹49.19 (up 0.04% that day).
This fund (Direct plan)
₹53.8799
DSP Short Term Fund Returns vs Short Duration Funds
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−0.18%
+0.06%
+2.41%
+4.10%
+7.00%
+6.19%
+6.82%
This fund (Regular)
−0.23%
−0.09%
+2.11%
+3.48%
+6.35%
+5.54%
+6.11%
Short Duration average
−0.14%
+0.30%
+2.50%
+4.11%
+6.88%
+6.62%
+6.89%
Best in Short Duration
+0.11%
+0.75%
+3.17%
+5.54%
+7.64%
+10.75%
+7.63%
Worst in Short Duration
−0.34%
−0.09%
+2.15%
−3.88%
−1.14%
+6.01%
+5.64%
Rank in Short Duration
14/25
20/24
16/24
19/23
18/23
17/20
10/16
Category rows compare the Direct plans of 25 Short Duration funds. Rank 1 is the highest return. This fund's benchmark is CRISIL Short Duration Debt A-II Index. Returns of that index are not available to us, so the category average is the comparison.
DSP Short Term Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+3.34%
+2.83%
2025
+7.88%
+7.21%
2024
+8.29%
+7.63%
2023
+7.31%
+6.65%
2022
+3.64%
+3.00%
2021
+3.47%
+2.82%
DSP Short Term Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,627 periods, one for each trading day from 04-01-2016 to 30-10-2026.
0%2%4%6%8%10%12%
DSP Short Term Fund (Direct)
Category average, 25 Short Duration funds
Nov 2013 to Nov 2016Sept 2015 to Sept 2018Jul 2017 to Jul 2020May 2019 to May 2022Mar 2021 to Mar 2024Dec 2022 to Dec 2025
DSP Short Term Fund (Direct)Category average, 25 Short Duration funds
0%
0%
Below 0%
4%
0%
0-5%
91%
95%
5-10%
5%
5%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
3,103
8.3%
2.2%
12.0%
0%
7.8%
58%
2 years
2,868
7.9%
3.4%
11.2%
0%
7.6%
56%
3 years
2,627
7.7%
4.6%
10.6%
0%
7.5%
51%
5 years
2,142
7.1%
6.0%
9.0%
0%
6.9%
57%
7 years
1,657
7.2%
6.4%
9.4%
0%
7.1%
91%
10 years
928
7.5%
6.8%
8.0%
0%
7.5%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
154
8.0%
1.6%
12.3%
0%
7.7%
56%
2 years
142
7.9%
3.0%
11.2%
0%
7.5%
56%
3 years
130
7.6%
4.2%
10.5%
0%
7.3%
50%
5 years
106
7.2%
5.7%
9.1%
0%
7.2%
42%
7 years
82
6.8%
6.2%
9.1%
0%
6.8%
54%
10 years
46
7.0%
6.7%
7.3%
0%
7.0%
91%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 25 Short Duration funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
DSP Short Term Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
DSP Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+4.10%
+4.16%
Standard deviation
1.30%
1.17%
Sharpe ratio
-0.88
-0.93
Sortino ratio
-1.23
-1.23
Maximum drawdown
−0.66%
(02-04-2026)
−0.75%
(02-04-2026)
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
DSP Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+7.00%
+6.89%
Standard deviation
1.00%
0.97%
Sharpe ratio
0.98
0.89
Sortino ratio
1.46
1.27
Maximum drawdown
−0.66%
(02-04-2026)
−0.75%
(02-04-2026)
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
DSP Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+6.19%
+6.33%
Standard deviation
0.95%
1.01%
Sharpe ratio
0.41
0.52
Sortino ratio
0.58
0.75
Maximum drawdown
−0.93%
(06-05-2022)
−0.98%
(06-05-2022)
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
DSP Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+6.82%
+6.74%
Standard deviation
1.35%
1.36%
Sharpe ratio
1.05
0.98
Sortino ratio
1.65
1.49
Maximum drawdown
−2.8%
(23-03-2020)
−2.3%
(23-03-2020)
From daily NAVs, 28-10-2016 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
DSP Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+7.60%
+7.52%
Standard deviation
1.33%
1.34%
Sharpe ratio
1.17
1.10
Sortino ratio
1.70
1.61
Maximum drawdown
−2.8%
(23-03-2020)
−2.3%
(23-03-2020)
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
−3%−2.5%−2%−1.5%−1%−0.5%0%
DSP Short Term Fund (Direct)
Category average, 25 Short Duration funds
2014201620182020202220242026
DSP Short Term Fund (Direct)Category average, 25 Short Duration funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
DSP Short Term Fund (Direct)
−2.8%
06-03-2020
23-03-2020
17-04-2020
25 days
−0.44%
Category average
−2.3%
06-03-2020
23-03-2020
31-03-2020
8 days
−0.28%
From the Direct plan's daily NAV since 02-01-2013, adjusted for unit splits, and the average of the 25 Short Duration funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
DSP Short Term Fund vs Other Short Duration Funds
The five Short Duration funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
DSP Short Term Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-09-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Short Duration median
Cost rank (1 = cheapest)
Direct
0.30%
0.01%
0.01%
0.05%
0.37%
0.37%
12/25
Regular
0.80%
0.01%
0.01%
0.14%
0.96%
0.99%
10/25
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Short Duration funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
3.48%
4.10%
0.62%
₹1,03,480
₹1,04,100
3 years
6.35%
7.00%
0.65% a year
₹1,20,285
₹1,22,504
5 years
5.54%
6.19%
0.65% a year
₹1,30,944
₹1,35,026
10 years
6.11%
6.82%
0.71% a year
₹1,80,952
₹1,93,431
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
DSP Short Term Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planDSP Short Term Fund (Direct)
₹16,60,000
₹27,57,815
₹10,97,815
7.0%
Regular planDSP Short Term Fund (Regular)
₹16,60,000
₹26,15,513
₹9,55,513
6.3%
Category averageCategory average, 25 Short Duration funds
₹16,60,000
₹27,46,318
₹10,86,318
7.0%
₹0₹10.0 L₹20.0 L₹30.0 L
Direct planDSP Short Term Fund (Direct)
Regular planDSP Short Term Fund (Regular)
Category averageCategory average, 25 Short Duration funds
Amount invested
2014201620182020202220242026
Direct planDSP Short Term Fund (Direct)Regular planDSP Short Term Fund (Regular)Category averageCategory average, 25 Short Duration fundsAmount invested
From each plan's published NAV (Growth option) and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
DSP Short Term Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
99.3%Debt
Asset
Fund
Category
Debt
99.3%
92.0%
Cash and others
0.7%
8.0%
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 25 Short Duration funds.
Rating
Fund
Category
Sovereign
24.6%
11.4%
AAA and A1+
68.2%
71.2%
AA
6.6%
9.4%
DSP Short Term Fund Portfolio Holdings
As on 30-09-2026 · 63 holdings · from the fund house's monthly portfolio
Holdings
Rating
Weight%
6.94% GOI 11052036 · Government security
Sovereign
13.31%
6.87% GOI FRB 22092033 · Government security
Sovereign
4.59%
Bharti Telecom Limited · Bond
CRISIL AAA
4.04%
India Universal Trust
IND AAA(SO)
3.81%
Small Industries Development Bank Of India · Bond
CRISIL AAA
2.93%
Knowledge Realty Trust · Bond
CRISIL AAA
2.90%
Canara Bank · Certificate of deposit
CRISIL A1+
2.88%
Indian Bank · Certificate of deposit
CRISIL A1+
2.79%
Muthoot Finance Limited · Bond
CRISIL AA+
2.55%
India Infrastructure Finance Co Limited · Bond
IND AAA
2.34%
Indian Railway Finance Corporation Limited · Bond
CRISIL AAA
2.27%
Jamnagar Utilities & Power Pvt Limited · Bond
CRISIL AAA
2.22%
Tata Capital Housing Finance Limited · Bond
CRISIL AAA
2.20%
REC Limited · Bond
ICRA AAA
2.18%
7.07% Gujarat SDL 12022032 · State government security
Sovereign
2.17%
Power Finance Corporation Limited · Bond
CRISIL AAA
2.01%
Bajaj Finance Limited · Bond
CRISIL AAA
1.55%
ICICI Home Finance Co Limited · Bond
ICRA AAA
1.55%
LIC Housing Finance Limited · Bond
CRISIL AAA
1.54%
7.83% Maharashtra SDL 08042030 · State government security
Sovereign
1.54%
Mahindra Rural Housing Finance Limited · Bond
CRISIL AAA
1.51%
Muthoot Finance Limited · Bond
CRISIL AA+
1.51%
Small Industries Development Bank Of India · Bond
CRISIL AAA
1.50%
7.02% GOI 18062031 · Government security
Sovereign
1.50%
REC Limited · Bond
CRISIL AAA
1.49%
Tata Capital Housing Finance Limited · Bond
CRISIL AAA
1.48%
Export-Import Bank of India · Bond
CRISIL AAA
1.48%
Ultratech Cement Limited · Bond
CRISIL AAA
1.47%
7.12% Gujarat SDL 02032032 · State government security
Sovereign
1.44%
Punjab National Bank · Certificate of deposit
CRISIL A1+
1.43%
Union Bank of India · Certificate of deposit
ICRA A1+
1.43%
Cholamandalam Investment and Finance Co Limited · Bond
ICRA AA+
1.18%
LIC Housing Finance Limited · Bond
CRISIL AAA
1.17%
REC Limited · Bond
CRISIL AAA
1.07%
LIC Housing Finance Limited · Bond
CRISIL AAA
0.78%
LIC Housing Finance Limited · Bond
CRISIL AAA
0.77%
Jio Credit Limited · Bond
CRISIL AAA
0.77%
Small Industries Development Bank Of India · Bond
CRISIL AAA
0.77%
Export-Import Bank Of India · Bond
CRISIL AAA
0.76%
REC Limited · Bond
CRISIL AAA
0.76%
Torrent Pharmaceuticals Limited · Bond
ICRA AA+
0.76%
Bajaj Housing Finance Limited · Bond
CRISIL AAA
0.76%
National Bank For Agriculture & Rural Development · Bond
CRISIL AAA
0.75%
Power Finance Corporation Limited · Bond
CRISIL AAA
0.75%
Power Finance Corporation Limited · Bond
CRISIL AAA
0.74%
Small Industries Development Bank Of India · Bond
CRISIL AAA
0.74%
Power Finance Corporation Limited · Bond
CRISIL AAA
0.74%
REC Limited · Bond
CRISIL AAA
0.73%
Small Industries Development Bank Of India · Bond
CRISIL AAA
0.73%
Canara Bank · Certificate of deposit
CRISIL A1+
0.72%
Bajaj Finance Limited · Bond
CRISIL AAA
0.72%
Export-Import Bank Of India · Certificate of deposit
CRISIL A1+
0.72%
Mindspace Business Parks REIT · Bond
ICRA AAA
0.72%
National Bank For Agriculture & Rural Development · Certificate of deposit
CRISIL A1+
0.71%
Canara Bank · Certificate of deposit
CRISIL A1+
0.71%
National Bank For Agriculture & Rural Development · Certificate of deposit
CRISIL A1+
0.71%
Canara Bank · Certificate of deposit
CRISIL A1+
0.69%
Torrent Pharmaceuticals Limited · Bond
ICRA AA+
0.58%
SBI Funds Management Pvt Limited/Fund Parent
0.33%
Bharti Telecom Limited · Bond
CRISIL AAA
0.23%
Bharti Telecom Limited · Bond
CRISIL AAA
0.15%
REC Limited · Bond
CRISIL AAA
0.15%
Power Finance Corporation Limited · Bond
CRISIL AAA
0.14%
DSP Short Term Fund Portfolio Overlap
Funds with the most similar portfolios, across every fund house and category
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
DSP Short Term Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.37%
Expense ratio (Regular)
0.96%
Category
Short Duration
Risk
Moderate
Benchmark
CRISIL Short Duration Debt A-II Index
Launch date
09-09-2002
Minimum investment
₹100
Minimum additional investment
₹100
AUM
₹3,415.77 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
119226
ISIN (Direct)
INF740K01NJ5
Scheme code (Regular)
101304
ISIN (Regular)
INF740K01656
NAV history
From 02-01-2013, 13.8 years
Exit load
Nil
Tax on DSP Short Term Fund returns
DSP Short Term Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹53.8799
30-10-2026
direct
IDCW
₹12.3021
30-10-2026
direct
Monthly IDCW
₹11.7059
30-10-2026
direct
Weekly IDCW
₹10.1501
30-10-2026
regular
Growth
₹49.1901
30-10-2026
regular
Monthly IDCW
₹11.603
30-10-2026
regular
IDCW
₹12.3048
30-10-2026
regular
Weekly IDCW
₹10.1385
30-10-2026
About DSP Short Term Fund
DSP Short Term Fund is a mutual fund from DSP Mutual Fund. Its category is Short Duration. It was launched on 09-09-2002. Its benchmark is CRISIL Short Duration Debt A-II Index. At the end of September 2026 it held 63 securities.
Fund Manager
Karan Mundhra
Fund manager of DSP Short Term Fund, since 01-08-2024
Shantanu Godambe
Fund manager of DSP Short Term Fund, since 01-01-2025
Frequently Asked Questions for DSP Short Term Fund
What is the current NAV of DSP Short Term Fund?
The Direct plan NAV is ₹53.8799. The Regular plan NAV is ₹49.1901, as on 30-10-2026.
What are the returns of DSP Short Term Fund?
The Direct plan returned +4.10% in 1 year, +7.00% a year over 3 years, +6.19% a year over 5 years. The Regular plan returned +3.48% in 1 year, +6.35% a year over 3 years, +5.54% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of DSP Short Term Fund?
The Direct plan charges 0.37% a year. The Regular plan charges 0.96% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.
What is the AUM of DSP Short Term Fund?
DSP Short Term Fund managed ₹3,415.77 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of DSP Short Term Fund?
At the end of September 2026 the largest holdings were 6.94% GOI 11052036 (13.31%), 6.87% GOI FRB 22092033 (4.59%), Bharti Telecom Limited (4.04%), India Universal Trust (3.81%), Small Industries Development Bank Of India (2.93%). The fund held 63 securities in all.
How do I invest in DSP Short Term Fund?
Through DSP Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
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