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3 star

Union Dynamic Bond Fund


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 8.27 0.07 0.68 1.87 6.64 8.00 11.29 7.53 7.63 7.26 --
VR Bond 5.37 -0.04 0.27 0.74 3.20 5.11 7.37 7.05 7.51 7.59 --
Debt: Dynamic Bond 6.86 0.08 0.67 1.73 5.27 6.58 9.61 6.68 7.96 7.98 --
Rank within category 7 12 5 11 6 7 9 10 16 15 --
Number of funds in category 28 29 29 29 29 28 28 24 23 22 15

As on 09-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Union Dynamic Bond Fund
3 star
Feb-12 11.29 7.53 7.63 1.51 131
ICICI Prudential All Seasons Bond Fund  | Invest Now
4 star
May-09 12.11 8.22 9.82 1.34 2,980
IDFC Dynamic Bond Fund - Regular Plan
4 star
Dec-08 13.56 9.01 9.54 1.78 2,182
SBI Dynamic Bond Fund
5 star
Feb-04 12.31 8.58 9.68 1.66 1,507
DSP Strategic Bond Fund - Regular Plan  | Invest Online
4 star
May-07 15.50 8.64 9.00 1.11 1,477

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.85 (24-Mar-2020 - 31-Mar-2020) -2.80 (12-Aug-2013 - 19-Aug-2013)
Month 4.59 (24-Mar-2020 - 23-Apr-2020) -4.05 (19-Jul-2013 - 19-Aug-2013)
Quarter 6.74 (16-Apr-2019 - 16-Jul-2019) -6.71 (20-May-2013 - 19-Aug-2013)
Year 15.28 (04-Mar-2014 - 04-Mar-2015) -0.92 (24-Nov-2016 - 24-Nov-2017)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.06 3.06 0.57 1.18 1.45 -0.32
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 12 13 13 12 23 15
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 14 19 13 16
Modified Duration (yrs) 5.73 5.73 4.63 --
Average Maturity (yrs) 8.19 8.19 6.44 --
Yield to Maturity (%) 6.10 7.25 6.10 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 21.43 21.03
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 16.59 16.40
equal 8.20% Power Grid Corporation 23/01/2025 Bonds/NCDs AAA 7.07 - 8.44 8.38
down 7.27% GOI 2026 GOI Securities SOV 0.00 - 16.64 8.27
new 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 8.03 8.03
equal 7.41% Power Finance Corp. 25/02/2030 Debenture AAA 0.00 - 7.71 7.71
equal 8.30% NTPC 15/01/2029 Debenture AAA 3.61 - 4.26 4.24
equal 8.30% IRFC 25/03/2029 Debenture AAA 3.59 - 4.24 4.22
equal 8.25% IRFC 28/02/2024 Debenture AAA 3.57 - 4.21 4.18
equal 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 3.54 - 4.20 4.15
equal 8.11% REC 2025 Bonds AAA 3.36 - 4.08 4.08
equal 7.49% Nat. Highways Authority 2029 Debenture AAA 0.00 - 4.02 3.96
equal Reserve Bank of India 182-D 13/08/2020 Treasury Bills SOV 0.00 - 0.77 0.76
equal 7.59% GOI 20/03/2029 GOI Securities SOV 0.10 - 0.12 0.12

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

*As on 31-May-2020

Fund Manager

— Devesh Thacker since 28-Jun-2018

Education: Mr. Thacker is a B.Com (H) and Post graduate from University of Pune.

Experience: Prior to joining Union AMC in 2011 he has worked with Sahara AMC.

Funds Managed:

— Parijat Agrawal since 23-Jan-2012

Education: Mr. Agrawal is a B.Tech and MBA from IIM Bangalore.

Experience: Prior to joining Union Mutual Fund, he has worked with SBI Mutual Fund, State Bank of Mauritius ltd. and SUN F&C Asset Management.

Funds Managed:


0.07%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 18.5407

Dividend: ₹ 12.3607


Investment Strategy

The scheme seeks to actively manage a portfolio of good quality debt as well as money market instruments so as to provide reasonable returns and liquidity to the investors.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 2,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load 1% for redemption within 15 days

Basic Details

Fund House: Union Mutual Fund
Launch Date: 13-Feb-2012
Return Since Launch: 7.62%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 131 Cr (As on 30-Jun-2020)
Expense: 1.51% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend05-Feb-20190.5763

 28-Sep-20170.3611
 18-Jan-20171.4445
 18-Jan-20161.0834

Contact Information

AMC: Union Asset Management Company Pvt.Ltd.

Address: Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai - 400059

Phone: 022-67483300 / 1800-200-2268

Fax: 022-67483400/3401/3402

Email: [email protected]

Website: http://www.unionmf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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