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5 star

Axis Dynamic Bond Fund


Debt: Dynamic Bond

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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(₹)
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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 Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Dynamic Bond Fund
5 star
Apr-11 13.26 9.13 8.89 0.67 992
ICICI Prudential All Seasons Bond Fund  | Invest Now
4 star
May-09 12.53 8.54 9.38 1.52 4,529
IDFC Dynamic Bond Fund - Regular Plan
4 star
Dec-08 12.56 9.15 8.97 1.72 2,686
SBI Dynamic Bond Fund
4 star
Feb-04 11.04 8.56 9.01 1.64 2,231
Kotak Dynamic Bond Fund - Regular Plan  | Invest Online
5 star
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
new 6.80% State Bank of India 21/08/2035 Non Convertible Debenture AAA 0.00 - 9.10 9.10
equal 7.64% Food Corporation of India 2029 Debenture AAA 0.00 - 8.97 5.74
equal 7.50% NHPC 2028 Non Convertible Debenture AAA 0.00 - 8.14 4.78
equal 7.25% HDFC 17/06/2030 Debenture AAA 0.00 - 5.16 4.59
equal 5.77% GOI 2030 GOI Securities SOV 0.00 - 4.85 4.40
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 4.84 3.82
equal 7.55% REC 2030 Debenture AAA 0.00 - 3.98 3.60
equal 8.24% National Bank Agr. Rur. Devp 22/03/2029 Debenture AAA 0.00 - 7.97 3.44
new 7.60% Food Corporation of India 2030 Non Convertible Debenture AAA 0.00 - 3.18 3.18
equal 7.68% Power Finance Corp. 15/07/2030 Non Convertible Debenture AAA 0.00 - 3.45 3.11
equal 8.37% HUDCO 25/03/2029 Debenture AAA 0.00 - 5.05 2.78
equal 7.43% National Bank Agr. Rur. Devp 31/01/2030 Debenture AAA 0.00 - 3.48 2.65
equal 7.32% NTPC 17/07/2029 Non Convertible Debenture AAA 0.00 - 4.74 2.62
equal 6.41% IRFC 2031 Debenture AAA 0.00 - 2.73 2.45
up 7.84% Bank of Baroda 15/01/2035 Debenture AAA 0.00 - 4.86 2.38
equal 7.41% Indian Oil Corp. 22/10/2029 Debenture AAA 0.00 - 2.37 2.11
equal 8.58% HUDCO 14/02/2029 Debenture AAA 0.00 - 5.78 1.69
equal 8.12% NHPC 22/03/2029 Debenture AAA 0.00 - 3.01 1.66
equal 8.30% NTPC 15/01/2029 Debenture AAA 0.00 - 3.85 1.66
equal 8.30% IRFC 25/03/2029 Debenture AAA 0.00 - 3.82 1.66
equal 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 0.00 - 3.28 1.64
equal 7.78% Maharashtra State 24/03/2029 State Development Loan SOV 0.00 - 2.05 1.61
equal 7.55% IRFC 2029 Debenture AAA 0.00 - 2.88 1.59
equal 8.55% HDFC 27/03/2029 Debenture AAA 0.00 - 4.87 1.43
equal 7.39% Air India Assets Holdings 2029 Debenture AAA 0.00 - 9.67 1.25

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-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:

— 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


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: 9.07%
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

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Half Yearly25-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
Dividend Quarterly25-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
 25-Jun-20140.1948
 25-Mar-20140.1169

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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