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 70 (Category Avg - 61.88) | Modified Duration 0.45 Years (Category Avg - 0.42)| Yield to Maturity 6.50% (Category Avg - 6.45%)

Portfolio Summary (as on 30th Sep,2025)

Security Type	% Weight	Category Average
GOI	4.45%	3.09%
CD	36.38%	34.76%
T-Bills	6.40%	7.47%
CP	13.62%	10.31%
NCD & Bonds	38.13%	41.80%
PTC	0.53%	1.25%

Category - Ultra Short Duration Fund

Security Type	% Weight	Category Average
Government Backed	10.85%	10.57%
Low Risk	88.66%	88.12%
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 Sep,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	1952.68	5.63%	4.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	1528.86	4.41%	15.00 k
Bond - Small Industries Development Bank Of India	CD	Financial institution	P1+	CRISIL	1224.24	3.53%	2.50 k
Bond - National Housing Bank	NCD & Bonds	Financial institution	AAA	CRISIL	1029.66	2.97%	10.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	1013.11	2.92%	10.00 k
Bond - Cholamandalam Investment & Finance Co. Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	994.48	2.87%	2.00 k
Bond - T-Bill	T-Bills	Other			994.70	2.87%	1.00 Cr
Bond - Export Import Bank Of India	CP	Financial institution	P1+	CRISIL	980.74	2.83%	2.00 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	942.96	2.72%	2.00 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	794.37	2.29%	750.00
Bond - Aditya Birla Renewables Ltd.	NCD & Bonds	Power generation	AA	CRISIL	762.63	2.20%	7.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	762.07	2.20%	7.50 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	759.87	2.19%	7.50 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	752.59	2.17%	7.50 k
Bond - Bharti Telecom Ltd.	CP	Telecom - equipment & accessories	P1+	CRISIL	747.54	2.16%	1.50 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	727.02	2.10%	1.50 k
Bond - Kotak Mahindra Prime Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	547.42	1.58%	5.00 k
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	542.23	1.56%	5.00 k
Bond - Mahindra Rural Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	534.72	1.54%	5.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	520.30	1.50%	5.00 k
Bond - Cholamandalam Investment & Finance Co. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	518.72	1.50%	5.00 k
Bond - Govt of India	GOI	Other			511.03	1.47%	50.00 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	505.95	1.46%	500.00
Bond - Nuvama Wealth Finance Ltd.	NCD & Bonds	Stockbroking & allied	CARE AA	CARE	505.65	1.46%	5.00 k
Bond - Au Small Finance Bank Ltd.	CD	Other bank	P1+	CRISIL	493.92	1.42%	1.00 k
Bond - T-Bill	T-Bills	Other			491.10	1.42%	50.00 L
Bond - Nuvama Wealth Finance Ltd.	CP	Stockbroking & allied	P1+	CRISIL	491.90	1.42%	1.00 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	489.53	1.41%	1.00 k
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	487.90	1.41%	1.00 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	487.49	1.41%	1.00 k
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	489.81	1.41%	1.00 k
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	489.80	1.41%	1.00 k
Bond - T-Bill	T-Bills	Other			488.04	1.41%	50.00 L
Bond - Small Industries Development Bank Of India	CD	Financial institution	P1+	CRISIL	481.97	1.39%	1.00 k
Bond - Indian Bank	CD	Public sector bank	P1+	CRISIL	482.08	1.39%	1.00 k
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	477.92	1.38%	1.00 k
Bond - Equitas Small Finance Bank Ltd.	CD	Other bank	P1+	CRISIL	475.92	1.37%	1.00 k
Bond - Motilal Oswal Financial Services Ltd.	CP	Stockbroking & allied	P1+	CRISIL	475.11	1.37%	1.00 k
Bond - Govt of India	GOI	Other			409.29	1.18%	40.00 L
Bond - Angel One Ltd.	CP	Stockbroking & allied	P1+	CRISIL	395.43	1.14%	800.00
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	305.42	0.88%	3.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	269.93	0.78%	2.50 k
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	265.66	0.77%	250.00
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	263.05	0.76%	250.00
Bond - Mahindra & Mahindra Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	262.33	0.76%	2.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	259.17	0.75%	2.50 L
Bond - Govt of India	GOI	Other			258.93	0.75%	25.00 L
Bond - Sikka Ports & Terminals Ltd.	NCD & Bonds	Port & port services	AAA	CRISIL	257.34	0.74%	250.00
Bond - Godrej Properties Ltd.	NCD & Bonds	Residential, commercial projects	LAA+	ICRA	256.60	0.74%	2.50 k
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	245.67	0.71%	500.00
Bond - Nuvama Wealth and Investment Ltd.	CP	Stockbroking & allied	P1+	CRISIL	247.19	0.71%	500.00
Bond - Kotak Mahindra Bank Ltd.	CD	Private sector bank	P1+	CRISIL	247.51	0.71%	500.00
Bond - Kotak Mahindra Bank Ltd.	CD	Private sector bank	P1+	CRISIL	247.47	0.71%	500.00
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	246.99	0.71%	500.00
Bond - T-Bill	T-Bills	Other			242.19	0.70%	25.00 L
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	243.20	0.70%	500.00
Bond - Bahadur Chand Investments Pvt. Ltd.	CP	Investment company	A1+	ICRA	242.34	0.70%	500.00
Bond - Small Industries Development Bank Of India	CD	Financial institution	P1+	CRISIL	243.93	0.70%	500.00
Bond - National Bank for Agriculture & Rural Development	CD	Financial institution	P1+	CRISIL	243.91	0.70%	500.00
Bond - National Bank for Agriculture & Rural Development	CD	Financial institution	P1+	CRISIL	243.33	0.70%	500.00
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	240.61	0.69%	500.00
Bond - Small Industries Development Bank Of India	CD	Financial institution	P1+	CRISIL	240.38	0.69%	500.00
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	239.53	0.69%	500.00
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	239.50	0.69%	500.00
Bond - India Universal Trust	PTC	Ptc	INDAAA	FITCH	182.21	0.53%	45.00
Bond - Indostar Capital Finance Private Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	147.12	0.42%	300.00
Bond - Govt of India	GOI	Other			103.39	0.30%	10.00 L
Bond - Govt of India	GOI	Other			102.73	0.30%	10.00 L
Bond - Govt of India	GOI	Other			102.49	0.30%	10.00 L
Bond - Govt of India	GOI	Other			51.16	0.15%	5.00 L