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Axis Dynamic Bond Fund

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Debt: Dynamic Bond

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1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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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(₹)
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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 1.55 0.09 -0.38 0.56 3.93 1.82 6.57 10.12 8.59 8.90 8.69
VR Bond 0.61 0.05 -0.14 0.08 1.50 0.69 3.25 7.03 6.55 7.13 7.35
Debt: Dynamic Bond 1.12 0.07 -0.17 0.48 2.45 1.43 5.30 7.83 7.27 7.88 8.38
Rank within category 8 4 23 3 2 8 8 1 4 4 5
Number of funds in category 26 27 27 27 26 26 26 24 22 21 16

As on 18-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Dynamic Bond Fund
4 star
 Apr-11 6.57 10.12 8.59 0.67 1,989
ICICI Prudential All Seasons Bond Fund  | Invest Now
5 star
 May-09 7.40 9.46 9.20 1.45 5,793
IDFC Dynamic Bond Fund - Regular Plan
4 star
 Dec-08 3.98 10.04 8.57 1.61 3,857
SBI Dynamic Bond Fund
4 star
 Feb-04 3.39 9.32 8.33 1.64 3,135
Kotak Dynamic Bond Fund - Regular Plan  | Invest Online
5 star
 May-08 6.27 9.81 8.90 1.27 2,282

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 9.65 3.88 1.38 1.98 1.56 1.38
VR Bond 6.84 2.05 1.24 1.72 -- --
Debt: Dynamic Bond 7.52 3.22 1.12 1.74 1.11 0.39
Rank within category 1 18 9 9 22 7
Number of funds in category 24 24 24 24 24 24

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

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 74 74 47 24
Modified Duration (yrs) 6.04 6.20 5.90 3.62
Average Maturity (yrs) 8.50 8.90 8.50 4.95
Yield to Maturity (%) 6.56 7.14 6.32 5.69
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
down 5.85% GOI 2030 GOI Securities SOV 0.00 - 22.56 7.21
equal 6.51% Karnataka State 30/12/2030 State Development Loan SOV 0.00 - 7.68 5.87
equal 6.80% State Bank of India Additional Tier 2 Bond AAA 0.00 - 9.10 4.31
up 7.35% Nat. Highways Authority 28/04/2030 Debenture AAA 0.00 - 3.91 3.91
up 6.65% Food Corporation of India 23/10/2030 Debenture AAA 0.00 - 3.71 3.71
up 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 1.97 - 4.84 3.51
equal 6.87% Maharashtra State 2030 State Development Loan SOV 0.00 - 5.24 3.05
equal 7.64% Food Corporation of India 2029 Debenture AAA 2.85 - 7.72 2.85
up 8.30% Indian Railway Finance Corporation 25/03/2029 Debenture AAA 1.24 - 2.99 2.75
equal 7.60% Food Corporation of India 2030 Non Convertible Debenture AAA 0.00 - 3.57 2.63
new 6.78% Maharashtra State 25/05/2031 State Development Loan SOV 0.00 - 2.51 2.51
equal 6.83% HDFC 2031 Debenture AAA 0.00 - 3.28 2.50
new 6.44% National Bank Agr. Rur. Devp 2030 Bonds/NCDs AAA 0.00 - 2.47 2.47
equal 7.50% NHPC 2028 Non Convertible Debenture AAA 2.40 - 5.34 2.40
equal 7.25% HDFC 17/06/2030 Debenture AAA 2.31 - 5.16 2.31
equal 7.68% Power Finance Corporation 15/07/2030 Non Convertible Debenture AAA 1.32 - 3.45 2.11
equal 8.35% Indian Railway Finance Corporation 13/03/2029 Debenture AAA 0.83 - 2.62 1.93
equal 8.24% National Bank Agr. Rur. Devp 22/03/2029 Debenture AAA 1.71 - 4.36 1.71
equal 6.63% Maharashtra State 14/10/2030 State Development Loan SOV 0.00 - 2.91 1.69
up 7.75% Power Finance Corporation 2030 Non Convertible Debenture AAA 0.27 - 1.59 1.59
equal 6.50% Gujarat State 2030 State Development Loan SOV 0.00 - 2.21 1.48
equal 8.37% Housing & Urban Development Corporation 25/03/2029 Debenture AAA 1.38 - 4.56 1.38
equal 7.43% National Bank Agr. Rur. Devp 31/01/2030 Debenture AAA 1.32 - 3.48 1.32
equal 7.32% NTPC 17/07/2029 Non Convertible Debenture AAA 1.31 - 4.31 1.31
new 7.14% REC 2030 Debenture AAA 0.00 - 1.29 1.29

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-May-2021

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.

Interviews:

Funds Managed:

— 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:

0.09%

Change from previous, NAV as on 18-Jun-2021

Growth: ₹ 23.4046

IDCW Quarterly: ₹ 11.0252

IDCW Half Yearly: ₹ 10.8721

Investment Strategy

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

Investment Details

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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 27-Apr-2011
Return Since Launch: 8.74%
Benchmark: NIFTY Composite Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,989 Cr (As on 31-May-2021)
Expense: 0.67% (As on 31-May-2021)
Risk Grade: Above Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Half Yearly25-Mar-20210.4000

 25-Sep-20200.5000
 27-Mar-20200.3602
 26-Sep-20190.3602
 26-Mar-20190.3602
 25-Sep-20180.1801
 26-Mar-20180.1806
 25-Sep-20170.3611
 27-Mar-20170.3611
 26-Sep-20160.3611
 28-Mar-20160.3611
 28-Sep-20150.2889
 25-Mar-20150.3629
 25-Sep-20140.3117
 26-Mar-20140.1948
 25-Sep-20130.1861
 25-Mar-20130.4405
 25-Sep-20120.3964
 26-Mar-20120.3083
 26-Sep-20110.2202
IDCW Quarterly25-Mar-20210.2000

 28-Dec-20200.2000
 25-Sep-20200.2000
 26-Jun-20200.2000
 27-Mar-20200.1441
 27-Dec-20190.1441
 26-Sep-20190.1441
 26-Jun-20190.1441
 26-Mar-20190.1441
 26-Dec-20180.1801
 25-Sep-20180.1441
 26-Dec-20170.1806
 25-Sep-20170.1806
 27-Jun-20170.1806
 27-Mar-20170.1806
 26-Dec-20160.1806
 26-Sep-20160.1806
 27-Jun-20160.1806
 28-Mar-20160.1445
 28-Dec-20150.1806
 28-Sep-20150.1806
 25-Jun-20150.1806
 25-Mar-20150.1815
 26-Dec-20140.1815
 25-Sep-20140.1948

Contact Information

AMC: Axis Asset Management Company Ltd.

Address: "Axis House" - 1st Floor, C-2 - Wadia International Centre, Pandurang Budhkar Marg , Worli, Mumbai - 400025

Phone: 022-24255161

Fax: 022-43255199

Email: [email protected] / [email protected]

Website: http://www.axismf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Last Session

Investors' Hangout

Your investment strategy after the debt fund fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM

Registration Over