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2 star

Aditya Birla Sun Life Dynamic Bond Fund - Direct Plan


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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
Fund 4.65 0.11 0.26 0.92 1.93 4.58 7.34 6.31 5.14 7.56 --
VR Bond 1.82 0.02 0.25 1.09 1.21 2.73 3.73 7.13 6.06 7.07 --
Debt: Dynamic Bond 3.25 0.15 0.33 0.99 1.81 4.25 6.25 8.70 7.30 8.62 --
Rank within category 3 20 22 13 9 7 6 22 21 18 --
Number of funds in category 26 28 28 28 27 26 26 24 22 21 0

As on 20-Sep-2021

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
2 star
Jan-13 7.34 6.31 5.14 1.05 1,595
ICICI Prudential All Seasons Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 7.77 10.33 9.09 0.61 6,036
IDFC Dynamic Bond Fund - Direct Plan
4 star
Jan-13 5.81 11.05 8.79 0.72 3,833
Kotak Dynamic Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 6.81 10.60 8.97 0.52 2,984
SBI Dynamic Bond Fund - Direct Plan
4 star
Jan-13 5.36 10.26 8.52 0.88 2,872

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
Fund 6.00 4.24 0.46 0.49 0.86 -0.33
VR Bond 6.70 2.11 1.26 1.76 -- --
Debt: Dynamic Bond 8.13 3.50 1.36 2.10 1.03 1.35
Rank within category 23 20 23 23 9 23
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 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 75 86 75 23
Modified Duration (yrs) 2.87 3.36 2.58 3.80
Average Maturity (yrs) 3.91 4.69 3.46 5.30
Yield to Maturity (%) 6.35 7.61 6.35 5.74
Avg Credit Rating AA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 5.88 5.88
equal 9.10% India Grid Trust 2022 Debenture AAA 4.18 - 4.55 4.54
equal First Business Receivable Trust Securitised Debt AAA 0.22 - 0.81 4.22
equal Tata Housing Devp. Co. 2023 Zero Coupon Bonds AA 3.09 - 3.65 3.65
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 3.13 - 3.38 3.38
equal 7.57% GOI 17/06/2033 GOI Securities SOV 3.29 - 5.73 3.36
equal 8.40% Tata Realty and Infrastructure 2022 Debenture AA 2.90 - 3.23 3.23
equal 6.50% Tata Realty and Infrastructure 17/07/2024 Non Convertible Debenture AA 0.00 - 2.94 2.94
new 5.90% Bharti Hexacom 30/04/2024 Debenture AA 0.00 - 2.88 2.88
equal Mahindra Rural Housing Finance 17/06/2024 Debenture AA+ 0.00 - 2.78 2.78
equal 8.30% REC 25/03/2029 Non Convertible Debenture AAA 2.70 - 3.08 2.74
equal 9.25% Shriram City Union Finance 28/02/2023 Debenture AA 2.32 - 2.56 2.56
equal 8.95% Punjab National Bank Additional Tier 1 Bond AA 2.32 - 2.55 2.54
equal JM Financial Credit Solutions 23/07/2024 Debenture AA 0.00 - 2.50 2.50
equal 10.15% Uttar Pradesh Power Corporation 19/01/2024 Debenture A+ 2.03 - 2.29 2.27
equal 10.15% Uttar Pradesh Power Corporation 20/01/2023 Debenture A+ 2.05 - 2.28 2.25
equal Varanasi Sangam Expressway 29/12/2034 Non Convertible Debenture AAA 0.00 - 2.03 2.03
equal 10.15% Uttar Pradesh Power Corporation 20/01/2025 Debenture A+ 1.83 - 1.99 1.99
equal Aditya Birla Housing Finance 2022 Debenture AAA 1.80 - 1.93 1.93
equal 6.50% Adani Ports and Special Economic Zone 2023 Debenture AA+ 1.75 - 1.90 1.90
equal 11.10% Hinduja Leyland Finance 2022 Debenture AA 0.00 - 1.60 1.60
equal 9.50% Muthoot Finance 31/01/2022 Debenture AA+ 0.00 - 1.61 1.60
equal 6.19% LIC Housing Fin. 25/11/2024 Debenture AAA 0.00 - 1.60 1.60
equal 6.24% Godrej Industries 14/07/2023 Debenture AA 1.46 - 1.59 1.59
equal 7.85% Bhopal Dhule Transmission 2022 Debenture AAA 1.49 - 1.59 1.58

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-Aug-2021

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:


0.11%

Change from previous, NAV as on 20-Sep-2021

Growth: ₹ 37.4390

IDCW Quarterly: ₹ 10.5507

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IDCW Monthly: ₹ 10.6252

IDCW: ₹ 12.8619


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

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum 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: 7.80%
Benchmark: NIFTY Composite Debt Index
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,595 Cr (As on 31-Aug-2021)
Expense: 1.05% (As on 31-Aug-2021)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly27-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
 28-Feb-20200.0387
 31-Jan-20200.0482
 29-Nov-20190.0204
 25-Oct-20190.0412
 27-Sep-20190.0472
 30-Aug-20190.0590
 26-Jul-20190.0467
 28-Jun-20190.0465
IDCW Quarterly30-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
 30-Jun-20150.2435
 30-Mar-20150.2379
 31-Dec-20140.2368
IDCW25-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

Phone: 022-43568000 / 1800-270-7000 / 1800-22-7000

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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