DSP Credit Risk Fund

DSP Mutual Fund · 119082 · Quant Rank #303

Not RecommendablePreliminary Assessment

PRELIMINARY_ASSESSMENT

Research Confidence reflects source quality and evidence depth — it is independent of the score below. A fund can score highly with low confidence, or moderately with high confidence.

Real Evidence

CategoryDEB

AUM₹307.7 Cr

BenchmarkCRISIL Credit Risk Debt B-II Index

RiskometerModerately High

TERInsufficient data

InceptionInsufficient data

Track RecordInsufficient data

Fund ManagerInsufficient data

AUM Floor₹1000 Cr

Min Track3 yrs

Max Alloc30%

Returns vs Benchmark

Window	Fund	Benchmark
1 Year	11.22%	7.04%
3 Year	16.81%	7.92%
5 Year	13.30%	7.18%
Since Launch	9.22%	8.54%

Calculated Parameters

FMTInsufficient data — no real 'managing since' date collected for this scheme's current manager

AMQ5/10

AUTInsufficient data — no real 3-months-ago AUM evidence (AMFI's live feed only carries current + ~1-month-ago; needs a genuine dated snapshot from an earlier sync)

ERSInsufficient data — no TER evidence collected for this scheme

Structural Gates

Gate 1 — EligibilityEXCLUDED

AUM floor: FAIL · Track record: UNKNOWN · SEBI: UNKNOWN

Gate 2 — Quant ScreenFAIL

Gate 3 — Top 10FAIL

Gate 4 — Top 5FAIL

Gate 5 — Top 2 ICFAIL

Candidate's 49 would rank #3 among 2 real existing category scores (top 2 = recommendable).

Analyst Name

MOM — Momentum

7% weight

Preliminary

3–6M price+flow vs benchmark · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) on 8/26/2026, 3:34:34 PM

CON — Consistency

10% weight

Preliminary

3Y/5Y quartile rank stability · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) on 8/26/2026, 3:34:35 PM

PQT — Portfolio Quality

11% weight

Preliminary

PE, concentration, churn · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) on 8/26/2026, 3:34:37 PM

FMQ — Fund Mgr Quality

12% weight

Preliminary

Philosophy, communication, style drift · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) on 8/26/2026, 3:34:38 PM

VAL — Valuation Risk

10% weight

Preliminary

Portfolio PE/PB vs category avg · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) on 8/26/2026, 3:34:40 PM

STW — Sector Tailwinds

9% weight

Preliminary

Policy/macro drivers 12-18M · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) on 8/26/2026, 3:34:41 PM

DSP — Downside Protection

8% weight

Preliminary

Max DD, Sortino, bear markets · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) on 8/26/2026, 3:34:43 PM

OPP — Outperformance Prob.

8% weight

Preliminary

Analyst 12M alpha probability · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) on 8/26/2026, 3:34:44 PM

THS — Thesis Strength

2% weight

Preliminary

Analyst 12-24M thesis conviction · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) on 8/26/2026, 3:34:46 PM

V6 Final Score

49.0

/ 100 — Final Score

AVOID

MOM

4.9

CON

7.0

PQT

5.5

FMQ

6.0

VAL

5.0

STW

5.4

DSP

5.6

OPP

5.6

FMT

—

AMQ

3.0

AUT

—

ERS

—

THS

1.0

Data-limited: FMT, AUT, ERS (insufficient data — never defaulted to 0)

Source Evidence (14)

BenchmarkCRISIL Credit Risk Debt B-II Index

AMFI (Official, Centralized) — FUND_DETAIL_PAGE as of 2026-08-21

Riskometer (Scheme)Moderately High

AMFI (Official, Centralized) — FUND_DETAIL_PAGE as of 2026-08-21

NAV - Direct Plan60.6385

AMFI (Official, Centralized) — FUND_DETAIL_PAGE as of 2026-08-21

NAV Date21-Aug-2026

AMFI (Official, Centralized) — FUND_DETAIL_PAGE as of 2026-08-21

Daily AUM (Cr.)307.66013

AMFI (Official, Centralized) — FUND_DETAIL_PAGE as of 2026-08-21

1 Year Return - Direct Plan (%)11.2151

AMFI (Official, Centralized) — FUND_DETAIL_PAGE as of 2026-08-21

1 Year Return - Benchmark (%)7.0384

AMFI (Official, Centralized) — FUND_DETAIL_PAGE as of 2026-08-21

3 Year Return - Direct Plan (%)16.8125

AMFI (Official, Centralized) — FUND_DETAIL_PAGE as of 2026-08-21

3 Year Return - Benchmark (%)7.9246

AMFI (Official, Centralized) — FUND_DETAIL_PAGE as of 2026-08-21

5 Year Return - Direct Plan (%)13.2985

AMFI (Official, Centralized) — FUND_DETAIL_PAGE as of 2026-08-21

5 Year Return - Benchmark (%)7.1838

AMFI (Official, Centralized) — FUND_DETAIL_PAGE as of 2026-08-21

Since Launch Return - Direct Plan (%)9.2166

AMFI (Official, Centralized) — FUND_DETAIL_PAGE as of 2026-08-21

Since Launch Return - Benchmark (%)8.5375

AMFI (Official, Centralized) — FUND_DETAIL_PAGE as of 2026-08-21

AMC Total AUM (Lakh Cr.)2.3

AMFI quarterly AAUM disclosure (Apr–Jun 2026), via RightAdvise aggregation of official AMFI figures as of 2026-06-30

Audit Log

THS ∅ → 5 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:34:46 PM

OPP ∅ → 7 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:34:45 PM

“[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Real return-vs-benchmark evidence: 1Y +4.18pp vs benchmark, 3Y +8.89pp vs benchmark, 5Y +6.11pp vs benchmark, SinceLaunch +0.68pp vs benchmark (avg 4.96pp).”

DSP ∅ → 7 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:34:43 PM

“[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] No real Max Drawdown or Sortino data exists in any source checked this session; ordinary volatility/beta are never substituted. Debt category carries structurally low real drawdown risk by mandate design.”

STW ∅ → 6 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:34:42 PM

“[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Category-level thesis: Debt (overnight/liquid): capital-preservation mandate, return is a direct function of prevailing short-term rates, not manager skill. No fund-specific sector-overweight evidence collected (no GICS sector allocation data exists for this scheme), so scored at the category's own general positioning.”

VAL ∅ → 5 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:34:40 PM

“[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] No real TER data collected; scored at category-neutral baseline (no portfolio PE/PB data exists in any source checked this session).”

FMQ ∅ → 5 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:34:39 PM

PQT ∅ → 5 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:34:37 PM

“[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Real AUM ₹307.66 Cr vs category floor ₹1000 Cr (0.3x). Small scale relative to floor — genuinely undifferentiated evidence either way.”

CON ∅ → 7 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:34:36 PM

“[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] No Value Research rating collected; consistency estimated from real return-vs-benchmark trend (1Y +4.18pp vs benchmark, 3Y +8.89pp vs benchmark, 5Y +6.11pp vs benchmark, SinceLaunch +0.68pp vs benchmark, avg 4.96pp).”

MOM ∅ → 7 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:34:34 PM

“[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Most recent available window (1Y: +4.18pp vs benchmark) used as the closest real proxy for near-term momentum (V6's exact 3-6M window has no data source for most equity funds in this pipeline).”