DSP Ultra Short Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

No of Debt Holding 79 (Category Avg - 64.12) | Modified Duration 0.46 Years (Category Avg - 0.42)| Yield to Maturity 6.51% (Category Avg - 6.38%)

Portfolio Summary (as on 30th Nov,2025)

Security Type	% Weight	Category Average
GOI	5.80%	3.26%
CD	33.17%	34.78%
T-Bills	4.07%	7.50%
CP	5.53%	10.23%
NCD & Bonds	46.60%	38.54%
PTC	0.32%	1.00%

Category - Ultra Short Duration Fund

Security Type	% Weight	Category Average
Government Backed	9.87%	10.76%
Low Risk	85.62%	84.55%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Ultra Short Duration Fund

Debt holding in Portfolio (as on 30th Nov,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	1973.20	4.64%	4.00 k
Bond - Govt of India	GOI	Other			1547.78	3.64%	1.50 Cr
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	1546.34	3.64%	15.00 k
Bond - Godrej Properties Ltd.	NCD & Bonds	Residential, commercial projects	LAA+	ICRA	1297.63	3.05%	12.50 k
Bond - Aadhar Housing Finance Ltd.	NCD & Bonds	Housing finance company	AA	FITCH	1018.33	2.40%	9.70 k
Bond - Piramal Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA	ICRA	1015.08	2.39%	10.00 k
Bond - Export Import Bank Of India	CD	Financial institution	P1+	CRISIL	985.23	2.32%	2.00 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	975.00	2.29%	2.00 k
Bond - Small Industries Development Bank Of India	CD	Financial institution	P1+	CRISIL	943.32	2.22%	2.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	775.95	1.83%	7.50 k
Bond - Aditya Birla Renewables Ltd.	NCD & Bonds	Power generation	AA	CRISIL	773.44	1.82%	7.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	770.36	1.81%	7.50 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	768.46	1.81%	7.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	768.10	1.81%	7.50 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	734.66	1.73%	1.50 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	714.55	1.68%	1.50 k
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	550.04	1.29%	5.00 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	542.09	1.28%	5.00 k
Bond - Mahindra Rural Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	540.54	1.27%	5.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	528.28	1.24%	5.00 k
Bond - Cholamandalam Investment & Finance Co. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	524.36	1.23%	5.00 k
Bond - National Thermal Power Corporation Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	524.29	1.23%	5.00 k
Bond - National Housing Bank	NCD & Bonds	Financial institution	AAA	CRISIL	520.59	1.22%	5.00 k
Bond - Cholamandalam Investment & Finance Co. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	519.54	1.22%	5.00 k
Bond - Nuvama Wealth Finance Ltd.	NCD & Bonds	Stockbroking & allied	CARE AA	CARE	513.99	1.21%	5.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	513.70	1.21%	5.00 k
Bond - Mankind Pharma Ltd.	NCD & Bonds	Pharmaceuticals	AA+	CRISIL	512.87	1.21%	5.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	LAAA	ICRA	511.44	1.20%	500.00
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	511.40	1.20%	500.00
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	511.11	1.20%	500.00
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	507.85	1.19%	5.00 k
Bond - T-Bill	T-Bills	Other			495.69	1.17%	50.00 L
Bond - Nuvama Wealth Finance Ltd.	CP	Stockbroking & allied	P1+	CRISIL	498.17	1.17%	1.00 k
Bond - Kotak Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	490.97	1.16%	1.00 k
Bond - T-Bill	T-Bills	Other			494.24	1.16%	50.00 L
Bond - T-Bill	T-Bills	Other			492.67	1.16%	50.00 L
Bond - Kotak Mahindra Bank Ltd.	CD	Private sector bank	P1+	CRISIL	493.02	1.16%	1.00 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	492.61	1.16%	1.00 k
Bond - Small Industries Development Bank Of India	CD	Financial institution	P1+	CRISIL	487.12	1.15%	1.00 k
Bond - Indian Bank	CD	Public sector bank	P1+	CRISIL	487.07	1.15%	1.00 k
Bond - IDFC First Bank Ltd.	CD	Private sector bank	P1+	CRISIL	486.04	1.14%	1.00 k
Bond - Federal Bank Ltd.	CD	Private sector bank	P1+	CRISIL	485.66	1.14%	1.00 k
Bond - Kotak Mahindra Bank Ltd.	CD	Private sector bank	P1+	CRISIL	485.58	1.14%	1.00 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	485.46	1.14%	1.00 k
Bond - IDFC First Bank Ltd.	CD	Private sector bank	P1+	CRISIL	483.99	1.14%	1.00 k
Bond - Axis Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	484.48	1.14%	1.00 k
Bond - Motilal Oswal Financial Services Ltd.	CP	Stockbroking & allied	P1+	CRISIL	481.20	1.13%	1.00 k
Bond - Equitas Small Finance Bank Ltd.	CD	Other bank	P1+	CRISIL	481.67	1.13%	1.00 k
Bond - Ujjivan Small Finance Bank Ltd.	CD	Other bank	P1+	CRISIL	481.59	1.13%	1.00 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	479.32	1.13%	1.00 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	473.45	1.11%	1.00 k
Bond - Govt of India	GOI	Other			413.27	0.97%	40.00 L
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	307.38	0.72%	3.00 k
Bond - Sundaram Finance Limited	NCD & Bonds	Non banking financial company (nbfc)	LAAA	ICRA	270.89	0.64%	2.50 k
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	268.85	0.63%	250.00
Bond - Mahindra & Mahindra Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	265.27	0.62%	2.50 k
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	263.76	0.62%	2.50 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	262.90	0.62%	250.00
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	261.82	0.62%	2.50 L
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	261.48	0.62%	2.50 k
Bond - Sikka Ports & Terminals Ltd.	NCD & Bonds	Port & port services	AAA	CRISIL	260.27	0.61%	250.00
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	257.35	0.61%	2.50 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	257.26	0.61%	250.00
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	256.70	0.60%	2.50 k
Bond - Govt of India	GOI	Other			251.97	0.59%	25.00 L
Bond - Kotak Mahindra Bank Ltd.	CD	Private sector bank	P1+	CRISIL	249.84	0.59%	500.00
Bond - Small Industries Development Bank Of India	CD	Financial institution	P1+	CRISIL	246.49	0.58%	500.00
Bond - Small Industries Development Bank Of India	CD	Financial institution	P1+	CRISIL	246.01	0.58%	500.00
Bond - National Bank for Agriculture & Rural Development	CD	Financial institution	P1+	CRISIL	245.93	0.58%	500.00
Bond - Bahadur Chand Investments Pvt. Ltd.	CP	Investment company	A1+	ICRA	245.40	0.58%	500.00
Bond - T-Bill	T-Bills	Other			244.43	0.58%	25.00 L
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	243.14	0.57%	500.00
Bond - Small Industries Development Bank Of India	CD	Financial institution	P1+	CRISIL	242.96	0.57%	500.00
Bond - Indostar Capital Finance Private Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	149.30	0.35%	300.00
Bond - India Universal Trust	PTC	Ptc	INDAAA	FITCH	136.75	0.32%	45.00
Bond - Govt of India	GOI	Other			103.94	0.24%	10.00 L
Bond - Govt of India	GOI	Other			103.48	0.24%	10.00 L
Bond - Govt of India	GOI	Other			51.65	0.12%	5.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	51.54	0.12%	500.00

Name	Type of Instrument	Weight (%)
TREPS	TREPS	3.08%
Net Receivables	Net Receivables	1.05%
Net Receivables	Net Receivables	0.26%
Roadstar Infra Investment Trust	InvITs	0.12%

DSP Ultra Short Fund - Direct Plan - Growth

Portfolio Summary (as on 30th Nov,2025)

Debt holding in Portfolio (as on 30th Nov,2025)

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