Axis Dynamic Bond Fund

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Debt: Dynamic Bond

Analysts' Choice?

1 Lakh

Investment Grown to

₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to

₹ 1.28 Lakh

Suitability:

Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending on where it expects to earn maximum returns, the fund management team actively decides whether to invest in bonds maturing in a few months or in the ones maturing several years later.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for investment horizon of up to three years) in their longer-term portfolios.

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns

Quarterly Returns

Monthly Returns

Weekly Returns

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Amount (₹)

Start date

End date

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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	11.09	0.19	0.44	1.52	1.04	6.45	13.26	9.13	8.89	9.44	--
VR Bond	6.21	0.07	0.17	0.66	0.48	3.14	7.30	6.84	7.09	7.76	--
Debt: Dynamic Bond	8.16	0.07	0.18	1.24	1.02	4.58	9.25	6.90	7.55	8.37	--
Rank within category	2	2	3	6	12	2	1	3	5	4	--
Number of funds in category	27	28	28	28	28	28	27	23	22	21	15

As on 21-Oct-2020

Peer Comparison

Fund name	Launch Date	1-Year Return	3-Year Return	5-Year Return	Expense Ratio	Assets (Cr)
Axis Dynamic Bond Fund	Apr-11	13.26	9.13	8.89	0.67	992
ICICI Prudential All Seasons Bond Fund \| Invest Now	May-09	12.53	8.54	9.38	1.52	4,529
IDFC Dynamic Bond Fund - Regular Plan	Dec-08	12.56	9.15	8.97	1.72	2,686
SBI Dynamic Bond Fund	Feb-04	11.04	8.56	9.01	1.64	2,231
Kotak Dynamic Bond Fund - Regular Plan \| Invest Online	May-08	11.45	9.33	9.51	1.15	1,726

Best & Worst Performance

	Best (Period)	Worst (Period)
Week	4.18 (19-Aug-2013 - 26-Aug-2013)	-3.57 (12-Aug-2013 - 19-Aug-2013)
Month	5.10 (25-Oct-2016 - 24-Nov-2016)	-5.00 (19-Jul-2013 - 19-Aug-2013)
Quarter	8.91 (13-Apr-2020 - 13-Jul-2020)	-7.09 (20-May-2013 - 19-Aug-2013)
Year	16.27 (24-Nov-2015 - 24-Nov-2016)	0.52 (09-Jun-2017 - 11-Jun-2018)

Risk Measures (%)

	Mean	Std Dev	Sharpe	Sortino	Beta	Alpha
Fund	8.26	3.29	0.97	2.25	1.31	1.30
VR Bond	6.51	2.09	0.69	1.28	--	--
Debt: Dynamic Bond	6.33	3.22	0.48	0.98	1.14	-0.39
Rank within category	3	16	4	2	17	3
Number of funds in category	26	26	26	26	26	26

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

As on 30-Sep-2020

Portfolio Aggregates

	Fund	1Y High	1Y Low	Category
Number of Securities	56	56	15	19
Modified Duration (yrs)	6.00	6.30	4.20	4.22
Average Maturity (yrs)	8.70	9.50	6.00	5.63
Yield to Maturity (%)	6.78	7.54	6.32	5.99
Avg Credit Rating	AAA	--	--	--

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company	Instrument	Credit Rating	1Y Range	% Assets
6.80% State Bank of India 21/08/2035	Non Convertible Debenture	AAA	0.00 - 9.10	9.10
7.64% Food Corporation of India 2029	Debenture	AAA	0.00 - 8.97	5.74
7.50% NHPC 2028	Non Convertible Debenture	AAA	0.00 - 8.14	4.78
7.25% HDFC 17/06/2030	Debenture	AAA	0.00 - 5.16	4.59
5.77% GOI 2030	GOI Securities	SOV	0.00 - 4.85	4.40
7.70% Nat. Highways Authority 13/09/2029	Non Convertible Debenture	AAA	0.00 - 4.84	3.82
7.55% REC 2030	Debenture	AAA	0.00 - 3.98	3.60
8.24% National Bank Agr. Rur. Devp 22/03/2029	Debenture	AAA	0.00 - 7.97	3.44
7.60% Food Corporation of India 2030	Non Convertible Debenture	AAA	0.00 - 3.18	3.18
7.68% Power Finance Corp. 15/07/2030	Non Convertible Debenture	AAA	0.00 - 3.45	3.11
8.37% HUDCO 25/03/2029	Debenture	AAA	0.00 - 5.05	2.78
7.43% National Bank Agr. Rur. Devp 31/01/2030	Debenture	AAA	0.00 - 3.48	2.65
7.32% NTPC 17/07/2029	Non Convertible Debenture	AAA	0.00 - 4.74	2.62
6.41% IRFC 2031	Debenture	AAA	0.00 - 2.73	2.45
7.84% Bank of Baroda 15/01/2035	Debenture	AAA	0.00 - 4.86	2.38
7.41% Indian Oil Corp. 22/10/2029	Debenture	AAA	0.00 - 2.37	2.11
8.58% HUDCO 14/02/2029	Debenture	AAA	0.00 - 5.78	1.69
8.12% NHPC 22/03/2029	Debenture	AAA	0.00 - 3.01	1.66
8.30% NTPC 15/01/2029	Debenture	AAA	0.00 - 3.85	1.66
8.30% IRFC 25/03/2029	Debenture	AAA	0.00 - 3.82	1.66
8.27% Nat. Highways Authority 28/03/2029	Debenture	AAA	0.00 - 3.28	1.64
7.78% Maharashtra State 24/03/2029	State Development Loan	SOV	0.00 - 2.05	1.61
7.55% IRFC 2029	Debenture	AAA	0.00 - 2.88	1.59
8.55% HDFC 27/03/2029	Debenture	AAA	0.00 - 4.87	1.43
7.39% Air India Assets Holdings 2029	Debenture	AAA	0.00 - 9.67	1.25

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

As on 30-Sep-2020

Fund Manager

— Devang Shah since 05-Nov-2012

Education: Mr. Shah is B.Com and ACA.

Experience: Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.

Funds Managed:

Axis Gilt Fund - since Nov 2012
Axis Liquid Fund - since Nov 2012
Axis Short Term Fund - since Nov 2012
Axis Strategic Bond Fund - since Nov 2012
Axis Credit Risk Fund - Regular Plan - since Jun 2014
Axis Arbitrage Fund - Regular Plan - since Jul 2014
Axis Gold ETF Fund - since Jun 2016
Axis Gold Fund - since Jun 2016
Axis Regular Saver Fund - since Jun 2016
Axis Treasury Advantage Fund - since Jun 2016
Axis Corporate Debt Fund - Regular Plan - since Jun 2017
Axis Money Market Fund - Regular Plan - since Jul 2019
FMPs - since Jun 2018

— R Sivakumar since 06-Apr-2011

Education: Mr. Sivakumar is a B.Tech from IIT Madras and MBA from IIM Ahmedabad.

Experience: Prior to joining Axis AMC he has worked with BNP Paribas Mutual Fund, Sundaram Mutual Fund (2001-2004), HDFC Mutual Fund and ITC Threadneedle.

Funds Managed:

0.19%

Change from previous, NAV as on 21-Oct-2020

Growth: ₹ 22.7915

Dividend Quarterly: ₹ 11.1332

Dividend Half Yearly: ₹ 10.9849

The scheme will endeavor to generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments.

Minimum Investment (₹)	5,000
Minimum Addl Investment (₹)	100
Minimum SIP Investment (₹)	1,000
Minimum No of Cheques	6
Minimum Withdrawal (₹)	1,000
Minimum Balance (₹)	1

Exit Load	0

Exit Load

Fund House:	Axis Mutual Fund
Launch Date:	27-Apr-2011
Return Since Launch:	9.07%
Benchmark:	NIFTY Composite Debt TRI
Riskometer:	Moderate
Type:	Open-ended
Assets:	₹ 992 Cr (As on 30-Sep-2020)
Expense:	0.67% (As on 30-Sep-2020)
Risk Grade:	Average
Return Grade:	Above Average

Plan

Record Date

Dividend (₹ / Unit)

Dividend Half Yearly

25-Sep-2020

0.5000

More...

	27-Mar-2020	0.3602
	26-Sep-2019	0.3602
	26-Mar-2019	0.3602
	25-Sep-2018	0.1801
	26-Mar-2018	0.1806
	25-Sep-2017	0.3611
	27-Mar-2017	0.3611
	26-Sep-2016	0.3611
	28-Mar-2016	0.3611
	28-Sep-2015	0.2889
	25-Mar-2015	0.3629
	25-Sep-2014	0.3117
	26-Mar-2014	0.1948
	25-Sep-2013	0.1861
	25-Mar-2013	0.4405
	25-Sep-2012	0.3964
	26-Mar-2012	0.3083
	26-Sep-2011	0.2202

Dividend Quarterly

25-Sep-2020

0.2000

More...

	26-Jun-2020	0.2000
	27-Mar-2020	0.1441
	27-Dec-2019	0.1441
	26-Sep-2019	0.1441
	26-Jun-2019	0.1441
	26-Mar-2019	0.1441
	26-Dec-2018	0.1801
	25-Sep-2018	0.1441
	26-Dec-2017	0.1806
	25-Sep-2017	0.1806
	27-Jun-2017	0.1806
	27-Mar-2017	0.1806
	26-Dec-2016	0.1806
	26-Sep-2016	0.1806
	27-Jun-2016	0.1806
	28-Mar-2016	0.1445
	28-Dec-2015	0.1806
	28-Sep-2015	0.1806
	25-Jun-2015	0.1806
	25-Mar-2015	0.1815
	26-Dec-2014	0.1815
	25-Sep-2014	0.1948
	25-Jun-2014	0.1948
	25-Mar-2014	0.1169

Fund News - 21-Mar-2018

Dividend Announced in Funds of Axis Mutual Fund
Fund News - 10-Nov-2017

Load Change in Two Funds of Axis Mutual Fund
Fund News - 22-Jun-2017

Axis Regular Savings Fund: Dividend Declaration
Fund News - 21-Dec-2016

Axis Income Fund: Dividend Declaration
Fund News - 21-Sep-2016

Axis Equity Saver Fund declares dividend at Rs. 0.19 per unit

Axis Dynamic Bond Fund

Analysts' Choice?

₹ 1.13 Lakh

₹ 1.30 Lakh

₹ 1.53 Lakh

₹ 1.88 Lakh

₹ 1.28 Lakh

₹ 4.27 Lakh

₹ 7.65 Lakh

₹ 11.76 Lakh

Trailing Returns (%)

Peer Comparison

Best & Worst Performance

Risk Measures (%)

Portfolio Aggregates

Value Research Fund Style

Credit Rating vis-à-vis Category

Top Holdings

Fund Manager

0.19%

Investment Strategy

Investment Details

Basic Details

Most Recent Dividends

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