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4 star

Axis Dynamic Bond Fund

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Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.30 Lakh

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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(₹)
cal
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 9.95 -0.12 1.04 2.96 8.79 10.12 13.61 9.03 9.52 8.92 --
VR Bond 5.53 -0.07 0.27 0.85 3.24 5.52 7.02 7.03 7.57 7.59 --
Debt: Dynamic Bond 6.98 -0.11 0.46 1.80 5.23 7.07 9.23 6.60 8.04 7.98 --
Rank within category 2 16 2 3 1 3 2 2 5 5 --
Number of funds in category 28 29 29 29 29 28 28 24 23 22 15

As on 14-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Dynamic Bond Fund  | Invest Online
4 star
 Apr-11 13.61 9.03 9.52 0.65 612
ICICI Prudential All Seasons Bond Fund  | Invest Now
4 star
 May-09 11.91 8.18 9.95 1.50 3,108
IDFC Dynamic Bond Fund - Regular Plan
4 star
 Dec-08 12.82 8.92 9.63 1.77 2,311
SBI Dynamic Bond Fund
5 star
 Feb-04 11.19 8.43 9.73 1.66 1,724
Kotak Dynamic Bond Fund - Regular Plan  | Invest Online
5 star
 May-08 11.08 9.38 10.06 1.08 1,322

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 8.85 (09-Apr-2020 - 10-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 8.29 3.07 0.97 2.67 1.28 1.15
VR Bond 6.73 1.95 0.74 1.57 -- --
Debt: Dynamic Bond 6.19 3.17 0.41 1.03 1.13 -0.72
Rank within category 3 14 3 3 16 3
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 47 47 14 17
Modified Duration (yrs) 6.00 6.30 2.40 4.20
Average Maturity (yrs) 8.80 9.50 3.60 5.42
Yield to Maturity (%) 6.57 7.54 6.57 7.04

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.64% Food Corporation of India 2029 Debenture AAA 0.00 - 8.97 7.72
equal 8.37% HUDCO 25/03/2029 Debenture AAA 0.00 - 5.05 4.56
up 7.50% NHPC 2028 Non Convertible Debenture AAA 0.00 - 8.14 4.53
equal 7.32% NTPC 17/07/2029 Non Convertible Debenture AAA 0.00 - 4.74 4.31
new 7.25% HDFC 17/06/2030 Debenture AAA 0.00 - 4.14 4.14
equal 7.84% Bank of Baroda 15/01/2035 Debenture AAA 0.00 - 4.86 3.60
up 7.43% National Bank Agr. Rur. Devp 31/01/2030 Debenture AAA 0.00 - 3.48 3.48
equal 8.24% National Bank Agr. Rur. Devp 22/03/2029 Debenture AAA 0.00 - 7.97 3.28
down 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 3.16 - 9.51 3.16
equal 8.58% HUDCO 14/02/2029 Debenture AAA 0.00 - 5.78 2.77
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 3.69 2.76
equal 8.12% NHPC 22/03/2029 Debenture AAA 0.00 - 3.01 2.75
equal 8.30% NTPC 15/01/2029 Debenture AAA 0.00 - 3.85 2.73
equal 8.30% IRFC 25/03/2029 Debenture AAA 0.00 - 3.82 2.71
equal 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 0.00 - 3.28 2.67
equal 7.55% IRFC 2029 Debenture AAA 0.00 - 2.88 2.61
equal 8.55% HDFC 27/03/2029 Debenture AAA 0.00 - 4.87 2.33
equal 7.39% Air India Assets Holdings 2029 Debenture AAA 0.00 - 9.67 2.07
up 8.56% REC 29/11/2028 Debenture AAA 1.25 - 6.53 2.06
up 8.42% National Bank Agr. Rur. Devp 13/02/2029 Debenture AAA 0.00 - 3.80 1.84
equal HDFC 29/11/2028 Debenture AAA 0.00 - 3.36 1.83
equal 8.13% Power Grid Corporation 25/04/2031 Debenture AAA 0.00 - 3.75 1.82
up 8.35% IRFC 13/03/2029 Debenture AAA 0.00 - 1.81 1.81
equal 7.41% Indian Oil Corp. 22/10/2029 Debenture AAA 0.00 - 2.10 1.74
equal 7.89% REC 31/03/2030 Debenture AAA 0.00 - 3.10 1.71

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 30-Jun-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:

— 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:

Invest Online
-0.12%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 22.5570

Dividend Quarterly: ₹ 11.2205

Dividend Half Yearly: ₹ 11.3764

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
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 27-Apr-2011
Return Since Launch: 9.22%
Benchmark: NIFTY Composite Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 612 Cr (As on 30-Jun-2020)
Expense: 0.65% (As on 30-Jun-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly26-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
 25-Jun-20140.1948
 25-Mar-20140.1169
 27-May-20130.2190
Dividend Half Yearly27-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

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

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