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2 star

Baroda Dynamic Bond Fund


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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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(₹)
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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 5.46 0.13 0.42 1.34 3.88 5.33 7.13 3.28 5.95 6.77 --
VR Bond 5.41 0.15 0.30 0.82 3.14 5.25 7.44 7.07 7.52 7.61 --
Debt: Dynamic Bond 6.77 0.13 0.51 1.60 5.22 6.63 9.52 6.80 8.04 8.07 --
Rank within category 20 16 23 19 23 20 24 21 19 20 --
Number of funds in category 27 28 28 28 28 27 27 23 22 21 14

As on 08-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Baroda Dynamic Bond Fund
2 star
Jun-12 7.13 3.28 5.95 1.49 21
ICICI Prudential All Seasons Bond Fund  | Invest Now
4 star
May-09 12.04 8.21 9.80 1.34 2,980
IDFC Dynamic Bond Fund - Regular Plan
4 star
Dec-08 13.41 9.00 9.52 1.78 2,182
SBI Dynamic Bond Fund
5 star
Feb-04 12.25 8.58 9.67 1.66 1,507
DSP Strategic Bond Fund - Regular Plan  | Invest Online
4 star
May-07 15.27 8.63 8.99 1.11 1,477

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.15 (19-Aug-2013 - 26-Aug-2013) -8.38 (03-Jun-2019 - 10-Jun-2019)
Month 4.24 (20-Aug-2013 - 19-Sep-2013) -7.61 (10-May-2019 - 11-Jun-2019)
Quarter 7.55 (15-Sep-2014 - 15-Dec-2014) -7.84 (12-Mar-2019 - 11-Jun-2019)
Year 18.07 (04-Mar-2014 - 04-Mar-2015) -5.11 (19-Dec-2018 - 19-Dec-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 3.22 5.38 -0.39 -0.35 0.61 -2.96
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 24 26 23 21 4 23
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 11 12 11 17
Modified Duration (yrs) 4.63 5.16 4.60 --
Average Maturity (yrs) 6.13 7.07 4.64 --
Yield to Maturity (%) 6.76 7.66 6.76 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.79% GOI 15/05/2027 GOI Securities SOV 17.97 - 19.57 19.57
equal 6.68% GOI 17/09/2031 GOI Securities SOV 16.10 - 20.56 16.97
equal 8.28% GOI 21/09/2027 Central Government Loan SOV 12.27 - 13.19 13.19
equal 7.59% GOI 2026 GOI Securities SOV 11.74 - 12.69 12.69
equal 8.70% Edelweiss Rural & Corporate Services 29/06/2020 Bonds A+ 0.00 - 8.80 8.80
equal 7.59% GOI 20/03/2029 GOI Securities SOV 8.04 - 8.71 8.71
equal 9.35% Maharashtra State 30/01/2024 State Development Loan SOV 3.71 - 3.97 3.97
equal 8.58% Gujarat State 23/01/2023 State Development Loan SOV 3.37 - 3.59 3.59
equal 9.39% Karnataka State 23/10/2023 State Development Loan SOV 2.12 - 2.28 2.28
equal 9.25% Dewan Housing Fin. Corpn. 2023 Debenture D 1.77 - 4.04 1.77
equal 8.60% Kerala State 23/01/2023 State Development Loan SOV 0.64 - 0.68 0.68

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-May-2020

Fund Manager

— Alok Sahoo since 22-Jun-2012

Education: Mr. Sahoo is a B.E and PGDM from XIM Bhubaneshwar.

Experience: Prior to joining Baroda AMC he has worked with UTI Mutual Fund and HSBC Mutual Fund.

Funds Managed:

— Hetal P Shah since 22-Jun-2012

Education: Ms. Hetal P. Shah is a B.Com, MBA, and JAIIB.

Experience: Prior to joining Baroda AMC she has worked with Bank of India from may 1999.

Funds Managed:


0.13%

Change from previous, NAV as on 08-Jul-2020

Growth: ₹ 17.5398

Dividend: ₹ 13.1712


Investment Strategy

The scheme aims to generate regular income by investing in a portfolio of good quality fixed income securities while maintaining a balance between risk and return. The funds will be mainly invested in debt instruments 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
Minimum Balance (₹) 1
Exit Load 3% for redemption within 90 days
2% for redemption between 91 - 180 days
1% for redemption between 181 - 365 days

Basic Details

Fund House: Baroda Mutual Fund
Launch Date: 30-Jun-2012
Return Since Launch: 7.25%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 21 Cr (As on 31-May-2020)
Expense: 1.49% (As on 31-May-2020)
Risk Grade: High
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend24-Mar-20200.1441

 16-Mar-20180.7223
 27-Jun-20160.2889
 23-Mar-20160.5056
 25-Jun-20130.2971
 22-Mar-20130.2080
 26-Dec-20120.1562
 26-Sep-20120.2159

Contact Information

AMC: Baroda Asset Management India Ltd

Address: 501, Raheja Titanium, Western Express Highway, Goregoan, (E) Mumbai - 400063

Phone: +91 22-3074 1000

Fax: +91 22-3074 1001

Email: [email protected]er.in

Website: http://www.barodapioneer.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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