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PGIM India Dynamic Bond Fund


1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 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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(₹)
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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 2.77 -0.02 0.10 2.22 3.10 4.45 13.20 8.60 8.42 8.56 --
VR Bond 1.91 -0.10 0.15 1.45 2.35 3.16 9.24 7.04 7.17 7.55 --
Debt: Dynamic Bond 2.05 -0.03 0.17 1.70 2.19 3.56 9.25 6.33 7.02 7.90 --
Rank within category 6 12 23 5 7 8 6 2 4 7 --
Number of funds in category 29 29 29 29 29 29 29 24 23 22 15

As on 28-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.80 (17-Nov-2016 - 24-Nov-2016) -2.36 (02-Feb-2017 - 09-Feb-2017)
Month 5.88 (04-Nov-2016 - 06-Dec-2016) -2.70 (17-Jun-2013 - 17-Jul-2013)
Quarter 8.26 (12-Sep-2014 - 12-Dec-2014) -4.08 (20-May-2013 - 19-Aug-2013)
Year 16.09 (31-Jan-2014 - 02-Feb-2015) 0.45 (20-May-2013 - 20-May-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.90 3.34 0.37 0.61 1.47 0.70
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 3 18 6 7 23 4
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 14 14 6 20
Modified Duration (yrs) 4.50 5.94 1.47 3.64
Average Maturity (yrs) 6.25 9.45 2.05 5.13
Yield to Maturity (%) 6.83 8.15 6.11 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
new 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 29.72 29.72
new 7.55% IRFC 2030 Debenture AAA 0.00 - 9.27 9.27
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 9.45 9.05
up 8.50% State Bank of India 22/11/2020 Non Convertible Debenture AA+ 0.00 - 8.66 8.66
down 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 41.17 7.18
equal 8.70% Reliance Jio Infocomm 15/06/2021 Debenture AAA 0.00 - 6.16 5.94
new 6.45% GOI 2029 GOI Securities SOV 0.00 - 17.00 4.58
new 6.18% GOI 2024 GOI Securities SOV 0.00 - 3.44 3.44
up 8.02% BPCL 2024 Debenture AAA 0.00 - 8.45 2.87
new 8.75% Axis Bank Bonds/Debentures AA+ 0.00 - 2.34 2.34
equal 7.29% SIDBI 2022 Debenture AAA 0.00 - 1.47 1.42
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 7.28 1.17
equal 7.55% REC 26/09/2022 Debenture AAA 0.00 - 1.21 1.17
equal 7.17% GOI 2028 GOI Securities SOV 0.22 - 25.71 0.37

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

— Puneet Pal since 13-Dec-2017

Education: Mr. Pal is a B.Com (H) and MBA from SIBM Pune.

Experience: Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.

Funds Managed:


-0.02%

Change from previous, NAV as on 28-Feb-2020

Growth: ₹ 1,971.7008

Dividend Quarterly: ₹ 1,156.3001

Dividend Monthly: ₹ 1,095.2692


Investment Strategy

The Scheme seek to generate returns through active management of a portfolio of debt and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 10
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Exit Load 1% for redemption within 30 days

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 12-Jan-2012
Return Since Launch: 8.70%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 43 Cr (As on 31-Jan-2020)
Expense: 1.72% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly28-Feb-20203.7817

 31-Jan-20203.7817
 27-Dec-20194.5020
 29-Nov-20194.5020
 25-Oct-20194.5020
 27-Sep-20193.6016
 30-Aug-20193.6016
 25-Jul-20193.6016
 28-Jun-20193.6016
 31-May-20193.6016
 26-Apr-20193.6016
 29-Mar-20193.6016
 22-Feb-20193.6016
 25-Jan-20193.6016
 28-Dec-20183.6016
 30-Nov-20182.6652
 26-Oct-20182.6652
 28-Sep-20182.6652
 31-Aug-20182.6652
 27-Jul-20182.6652
 29-Jun-20182.6652
 25-May-20182.6652
 27-Apr-20185.4024
 23-Mar-20185.4170
 23-Feb-20185.4170
Dividend Quarterly26-Dec-201912.9658

 27-Sep-201912.9658
 28-Jun-201912.9658
 25-Mar-201912.9658
 28-Dec-201812.9658
 28-Sep-201812.9658
 28-Jun-201812.9658
 23-Mar-201813.0008
 29-Dec-201713.0008
 28-Sep-201714.4453
 29-Jun-201714.4453
 24-Mar-201714.4453
 29-Dec-201614.4453
 29-Sep-201614.4453
 27-Jun-201614.4453
 28-Mar-201614.4453
 28-Dec-201514.4453
 28-Sep-201514.4453
 25-Jun-201514.4453
 26-Mar-201514.5173
 24-Dec-201414.5173
 25-Sep-20149.7409
 26-Jun-201417.1179
 26-Mar-20141.9482
 26-Jun-201320.4485

Contact Information

AMC: PGIM India Asset Management Pvt. Ltd.

Address: 2nd Floor - Nirlon House, Dr. Annie Besant Road, Worli, Mumbai - 400030

Phone: 022-61593000 / 1800-266-2667

Email: [email protected]

Website: https://www.pgimindiamf.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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