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IDFC Dynamic Bond Fund - Regular Plan

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Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.15 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

Analyst's Choice?

Suitability:

Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending upon where it expects to earn maximum returns, the fund management team decides whether to invest in bonds maturing in a few months time or in the ones maturing several years later. Therefore, they are the most versatile type of debt funds available.

However, like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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cal

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.95 0.27 0.15 2.46 3.54 4.85 14.55 8.05 8.07 8.62 8.95
VR Bond 1.75 0.07 0.37 1.53 2.32 3.35 8.96 6.97 7.16 7.54 7.44
Debt: Dynamic Bond 2.08 0.20 0.13 1.77 2.33 3.69 9.27 6.40 7.05 7.87 8.24
Rank within category 3 6 12 3 6 7 2 7 6 4 4
Number of funds in category 29 30 30 29 29 29 29 24 23 22 15

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 6.03 (11-Dec-2008 - 18-Dec-2008) -6.60 (02-Jan-2009 - 09-Jan-2009)
Month 10.54 (05-Dec-2008 - 05-Jan-2009) -6.74 (05-Jan-2009 - 04-Feb-2009)
Quarter 8.56 (12-Sep-2014 - 12-Dec-2014) -7.57 (05-Jan-2009 - 06-Apr-2009)
Year 17.67 (13-Feb-2014 - 13-Feb-2015) -5.10 (02-Jan-2009 - 04-Jan-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.69 3.54 0.29 0.66 1.49 0.49
VR Bond 6.03 2.13 0.17 0.31 -- --
Debt: Dynamic Bond 5.19 3.21 0.04 0.15 1.10 -0.88
Rank within category 7 20 9 6 24 8
Number of funds in category 27 27 27 27 27 27

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 5 32 4 20
Modified Duration (yrs) 8.06 8.06 5.16 3.64
Average Maturity (yrs) 12.71 12.71 7.03 5.13
Yield to Maturity (%) 7.12 8.37 6.66 7.02

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 84.16 84.16
new 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 7.68 7.68
down 7.17% GOI 2028 GOI Securities SOV 0.00 - 30.79 4.18
down 7.88% GOI 19/03/2030 GOI Securities SOV 0.00 - 10.00 2.93
equal 8.20% GOI 24/09/2025 Central Government Loan SOV 0.01 - 0.01 0.01

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-2020

Fund Manager

— Suyash Choudhary since 15-Oct-2010

Education: Mr. Choudhary is a B.A (H) Economics from Delhi University and PGDM from IIM Calcutta.

Experience: Prior to joining IDFC Mutual Fund he has worked with HSBC Asset Management (India) Pvt. Ltd., Standard Chartered Asset Management Co. Pvt. Ltd. and Deutsche Bank.

Interviews:

Funds Managed:

0.27%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 24.9602

Dividend Yearly: ₹ 12.1501

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Dividend Quarterly: ₹ 11.5330

Dividend Periodic: ₹ 16.2675

Dividend Half Yearly: ₹ 10.9328

Dividend: ₹ 12.8031

Investment Strategy

The scheme seeks to generate optimal returns by active management of the portfolio by investing in debt and money market instruments across maturities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 01-Dec-2008
Return Since Launch: 8.48%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,004 Cr (As on 31-Jan-2020)
Expense: 1.79% (As on 31-Jan-2020)
Risk Grade: Above Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly26-Dec-20190.0187

 25-Sep-20190.2435
 25-Jun-20190.2636
 27-Mar-20190.0580
 27-Dec-20180.3745
 21-Sep-20170.0650
 27-Jun-20170.2745
 22-Mar-20170.0072
 22-Dec-20160.3250
 22-Sep-20160.3395
 23-Jun-20160.1589
 22-Mar-20160.0971
 21-Dec-20150.0473
 24-Sep-20150.1285
 23-Mar-20150.2346
 18-Dec-20140.4829
 19-Sep-20140.1310
 20-Jun-20140.0935
 28-May-20130.2512
 19-Mar-20130.3196
 27-Dec-20120.2045
 26-Sep-20120.1779
Dividend Half Yearly25-Sep-20190.5238

 27-Mar-20190.4717
 21-Sep-20170.3395
 22-Mar-20170.2745
 22-Sep-20160.5056
 22-Mar-20160.1390
 24-Sep-20150.1224
 23-Mar-20150.7609
 19-Sep-20140.3518
Dividend Yearly27-Mar-20190.6012

 20-Mar-20180.0948
 29-Mar-20170.9245
 17-Mar-20160.3226
 19-Mar-20150.5400
 29-Sep-20140.4154
 07-Mar-20140.2035
 19-Mar-20130.3202
Dividend22-Mar-20170.8523

 17-Mar-20160.3106
 19-Mar-20150.7863
 12-Sep-20140.8137
 28-May-20130.3901
 19-Mar-20130.3365
 27-Dec-20120.2161
 26-Sep-20120.2858
 31-May-20120.3414
 29-Dec-20110.3251
 29-Sep-20110.4576
 30-Mar-20110.2827
 06-Jul-20090.3066

Contact Information

AMC: IDFC Asset Management Company Limited

Address: Unit No. 27, Ground Floor, Khetan Bhavan,198, Jamshedji Tata Road, Churchgate, Mumbai - 400020

Phone: 022-24398777 / 24399999 / 66289999

Fax: 24215052 / 24215051

Email: [email protected]

Website: www.idfcmf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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