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2 star

IDBI Dynamic Bond Fund


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 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 6.41 0.30 0.85 2.16 4.99 6.20 8.60 4.94 5.86 5.59 --
VR Bond 5.50 0.13 0.38 0.85 3.33 5.33 7.35 7.06 7.54 7.60 --
Debt: Dynamic Bond 7.05 0.18 0.86 1.89 5.46 6.94 9.62 6.65 8.01 8.01 --
Rank within category 18 5 10 10 20 18 20 19 21 22 --
Number of funds in category 28 29 29 29 29 28 28 24 23 22 15

As on 10-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDBI Dynamic Bond Fund
2 star
Feb-12 8.60 4.94 5.86 1.62 24
ICICI Prudential All Seasons Bond Fund  | Invest Now
4 star
May-09 12.23 8.22 9.88 1.34 3,108
IDFC Dynamic Bond Fund - Regular Plan
4 star
Dec-08 13.56 9.00 9.63 1.77 2,182
SBI Dynamic Bond Fund
5 star
Feb-04 12.14 8.56 9.74 1.66 1,724
Kotak Dynamic Bond Fund - Regular Plan  | Invest Online
5 star
May-08 11.48 9.45 10.04 1.08 1,322

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.83 (19-Aug-2013 - 26-Aug-2013) -3.52 (12-Aug-2013 - 19-Aug-2013)
Month 4.82 (25-Oct-2016 - 24-Nov-2016) -5.27 (19-Jul-2013 - 19-Aug-2013)
Quarter 6.66 (25-Aug-2016 - 24-Nov-2016) -8.65 (20-May-2013 - 19-Aug-2013)
Year 14.13 (04-Apr-2014 - 06-Apr-2015) -2.92 (16-May-2013 - 16-May-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.61 3.22 -0.21 -0.36 1.15 -2.34
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 21 17 21 22 11 22
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 9 13 8 18
Modified Duration (yrs) 3.14 5.25 2.41 --
Average Maturity (yrs) 4.25 7.91 3.22 --
Yield to Maturity (%) 7.78 8.28 3.71 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 28.57 28.57
equal 8.37% HUDCO 25/03/2029 Debenture AAA 10.08 - 17.54 16.07
equal 9.21% Punjab National Bank Bonds A 7.88 - 13.13 12.06
equal 8.50% Vedanta 2021 Debenture AA 6.57 - 10.95 9.82
equal 9.25% Reliance Jio Infocomm 16/06/2024 Debenture AAA 0.00 - 9.27 8.61
equal 8.65% Bank of Baroda 2022 Debenture AA+ 4.79 - 8.09 7.44
equal 9.60% Hindalco Inds. 2022 Bonds/NCDs AA 2.80 - 7.05 6.50
equal 9.20% ICICI Bank 31/12/2050 Bonds AA+ 4.05 - 6.79 6.23
equal 8.75% Axis Bank 28/06/2022 Bonds AA+ 0.80 - 1.33 1.23

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

— Raju Sharma since 03-May-2017

Education: Mr. Sharma is a Commerce Graduate and holds a degree of CA and LLB.

Experience: Prior to joining IDBI Mutual Fund, he has worked with Tata Mutual Fund, Indiabulls Mutual Fund, JM Morgan Stanley and DHFL.

Funds Managed:


0.30%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 16.6519

Dividend Yearly: ₹ 12.1972

Dividend Quarterly: ₹ 11.6405


Investment Strategy

The Scheme seeks to generate income while maintaining liquidity through active management of a portfolio comprising 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 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 5,000
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: IDBI Mutual Fund
Launch Date: 21-Feb-2012
Return Since Launch: 6.27%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 24 Cr (As on 30-Jun-2020)
Expense: 1.62% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly21-Feb-20190.1840

 06-Nov-20180.1124
 28-Jul-20170.1961
 21-Apr-20170.7980
 20-Oct-20150.0585
 07-Jul-20150.0771
 30-Mar-20150.4248
 30-Sep-20140.1948
 21-Apr-20140.1559
 04-Apr-20130.3416
 31-Jan-20130.1586
 04-Oct-20120.2202
Dividend Yearly21-Apr-20170.8926

 30-Mar-20150.7992
 21-Apr-20140.1403
 02-Apr-20130.7358

Contact Information

AMC: IDBI Asset Management Ltd.

Address: 4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005

Phone: 022-66442800 / 1800-419-4324

Fax: 022-66442801

Email: [email protected]

Website: http://www.idbimutual.co.in

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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