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Aditya Birla Sun Life Dynamic Bond Fund - Direct Plan download report


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 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
Aditya Birla SL Dynamic Bond Direct-G -0.37 -0.09 0.12 -0.38 -0.63 0.09 3.12 4.76 4.80 6.16 --
VR Bond* -0.49 -0.09 0.41 -0.02 -0.51 -0.28 1.53 4.98 5.42 6.07 --
Debt: Dynamic Bond* -0.26 -0.07 0.30 -0.10 -0.41 0.07 3.04 6.97 6.49 7.46 --
Rank within category* 15 20 21 16 12 13 8 24 22 20 --
Number of funds in category* 27 27 27 27 27 27 26 24 22 20 0

As on 13-May-2022

* As on 16-May-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Aditya Birla Sun Life Dynamic Bond Fund - Direct Plan  | Invest Online
3 star
Jan-13 3.12 4.76 4.80 1.05% 1,439
ICICI Prudential All Seasons Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 3.06 8.39 7.92 0.62% 5,993
Kotak Dynamic Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 2.84 7.85 7.85 0.22% 2,238
IIFL Dynamic Bond Fund - Direct Plan
5 star
Jun-13 4.21 6.67 6.93 0.27% 651
HDFC Dynamic Debt Fund - Direct Plan  | Invest Online
5 star
Jan-13 6.90 7.71 5.69 0.49% 517

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.75 24-Mar-2020 - 31-Mar-2020 -5.30 18-Nov-2019 - 25-Nov-2019
Month 4.99 04-Nov-2016 - 05-Dec-2016 -4.93 19-Nov-2019 - 19-Dec-2019
Quarter 7.22 12-Sep-2014 - 12-Dec-2014 -7.02 19-Sep-2019 - 19-Dec-2019
Year 19.18 02-Dec-2015 - 01-Dec-2016 -1.17 25-Mar-2019 - 24-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Aditya Birla SL Dynamic Bond Direct-G 5.05 4.02 0.38 0.39 0.69 0.39
VR Bond 5.18 2.13 0.78 1.13 -- --
Debt: Dynamic Bond 6.98 3.38 1.15 1.88 1.01 1.79
Rank within category 24 21 24 25 6 25
Number of funds in category 25 25 25 25 25 25

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 66 82 66 25
Modified Duration (yrs) 1.67 3.44 1.67 2.44
Average Maturity (yrs) 2.20 4.81 2.20 3.63
Yield to Maturity (%) 6.38 6.65 6.23 5.69
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
equal Tata Housing Devp. Co. 2023 Zero Coupon Bonds AA 3.54 - 4.16 4.16
down 6.10% GOI 2031 GOI Securities SOV 0.00 - 14.68 4.13
equal First Business Receivable Trust Securitised Debt AAA 0.25 - 0.92 3.97
down 5.63% GOI 2026 GOI Securities SOV 0.00 - 3.75 3.37
equal 5.90% Bharti Hexacom 30/04/2024 Debenture AA+ 0.00 - 3.17 3.17
equal 6.50% Tata Realty and Infrastructure 17/07/2024 Non Convertible Debenture AA 0.00 - 3.18 3.17
equal Mahindra Rural Housing Finance 17/06/2024 Debenture AA+ 0.00 - 3.13 3.13
equal 9.25% Shriram City Union Finance 28/02/2023 Debenture AA 2.51 - 2.82 2.82
equal JM Financial Credit Solutions 23/07/2024 Debenture AA 0.00 - 2.82 2.82
equal 6.25% Embassy Office Parks REIT 18/10/2024 Debenture AAA 0.00 - 2.76 2.75
up 6.24% State Bank of India Additional Tier 2 Bond AAA 0.00 - 2.74 2.74
equal 10.15% Uttar Pradesh Power Corporation 19/01/2024 Debenture A+ 2.13 - 2.32 2.28
equal Varanasi Sangam Expressway 29/12/2034 Non Convertible Debenture AAA 0.00 - 2.15 2.15
equal 7.40% Muthoot Finance 2024 Debenture AA+ 0.00 - 2.11 2.11
equal 6.50% Adani Ports and Special Economic Zone 2023 Debenture AA+ 1.86 - 2.08 2.08
equal 6.70% DLF Cyber City Developers 30/09/2024 Debenture AA 0.00 - 2.05 2.05
equal 10.15% Uttar Pradesh Power Corporation 20/01/2023 Debenture A+ 1.87 - 2.48 1.87
equal 8.10% Tata Capital Housing Finance 14/01/2023 Non Convertible Debenture AAA 0.00 - 1.77 1.77
equal 6.24% Godrej Industries 14/07/2023 Debenture AA 1.55 - 1.74 1.74
new 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 1.74 1.74
equal 5.75% Bharat Oman Refineries 15/12/2023 Debenture AAA 0.00 - 1.73 1.73
equal Vedanta 182-D 23/09/2022 Commercial Paper A1+ 0.00 - 1.70 1.70
equal 7.25% Punjab National Bank Additional Tier 2 Bond AAA 1.48 - 1.68 1.68
equal 8.65% NIIF Infrastructure Finance 21/02/2025 Debenture AAA 1.31 - 1.46 1.45
equal Shriram Transport Finance Company 16/06/2023 Non Convertible Debenture AA+ 0.00 - 1.42 1.42

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-Apr-2022

Fund Manager

— Bhupesh Bameta since 06-Aug-2020

Education: Mr. Bameta has done B.Tech (IIT Kanpur), CFA Charterholder (CFA Institute, USA)

Experience: Prior to joining Aditya Birla Sun Life Mutual Fund as an Analyst, Fixed Income. He was the Head of Research in Forex and Rates Desk at Edelweiss Securities Limited, covering global and Indian forex markets and economies. He was also associated with Quant Capital for 6 years as an Economist and was covering Indian and global economy and markets.

Funds Managed:

— Mohit Sharma since 22-Mar-2021

Education: Mr. Sharma is B Tech (IIT - Madras) and PGDCM (IIM Calcutta).

Experience: Prior to joining Aditya Birla Sun Life AMC, he ran his own healthcare-tech business (June 2012 - May 2015). he has also worked as an Interest Rates Trader in Standard Chartered Bank (May 2007 - June 2011) and ICICI Bank Ltd (June 2006 - April 2007). He started his career in the Equity Research in Irevna Ltd (June 2005 - June 2006).

Funds Managed:


-0.09%

Change from previous, NAV as on 13-May-2022

Growth: ₹ 37.6116

IDCW Quarterly: ₹ 10.2121

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IDCW Monthly: ₹ 10.3221

IDCW: ₹ 12.2755


Investment Strategy

The scheme aims to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market instruments.

Investment Details

Min. Investment (₹) 1,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 6
Min. Withdrawal (₹) 1
Min. Balance (₹) 500
Lock-in Period Not Applicable
Exit Load For units in excess of 15% of the investment,0.5% will be charged for redemption within 90 days

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.30%
Benchmark: NIFTY Composite Debt Index B-III
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,439 Cr (As on 30-Apr-2022)
Expense: 1.05% (As on 31-Mar-2022)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly29-Apr-20220.0502

 25-Mar-20220.0402
 25-Feb-20220.0402
 28-Jan-20220.0404
 31-Dec-20210.0506
 26-Nov-20210.0404
 29-Oct-20210.0507
 24-Sep-20210.0404
 27-Aug-20210.0403
 30-Jul-20210.0504
 25-Jun-20210.0404
 28-May-20210.0402
 30-Apr-20210.0501
 26-Mar-20210.0398
 26-Feb-20210.0402
 29-Jan-20210.0460
 28-Dec-20200.0445
 27-Nov-20200.0357
 02-Nov-20200.0540
 25-Sep-20200.0474
 28-Aug-20200.0479
 31-Jul-20200.0587
 26-Jun-20200.0466
 29-May-20200.0367
 24-Apr-20200.0251
IDCW Quarterly30-Mar-20220.1265

 31-Dec-20210.1312
 30-Sep-20210.1304
 30-Jun-20210.1297
 30-Mar-20210.1260
 31-Dec-20200.1287
 30-Sep-20200.1524
 30-Jun-20200.0389
 30-Sep-20190.1505
 28-Jun-20190.1452
 29-Mar-20190.1224
 31-Dec-20180.1631
 28-Sep-20180.0988
 29-Jun-20180.0632
 28-Mar-20180.0501
 29-Dec-20170.1228
 29-Sep-20170.2318
 30-Jun-20170.2321
 30-Mar-20170.2348
 30-Dec-20160.2413
 30-Sep-20160.2368
 30-Jun-20160.2351
 30-Mar-20160.2293
 31-Dec-20150.2417
 30-Sep-20150.2388
IDCW25-Mar-20220.6520

 25-Mar-20210.6400
 22-Mar-20190.5402
 16-Mar-20180.3972
 24-Mar-20170.6139

Contact Information

AMC: Aditya Birla Sun Life AMC Ltd.

Address: One India Bulls Center - Tower 1, 17th Floor - Jupiter Mills Compound, 841 Senapati Bhawan, Elphinstone Road, Mumbai - 400013

Fax: 022-43568110

Website: http://mutualfund.adityabirlacapital.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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