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2 star

Aditya Birla Sun Life Dynamic Bond Fund - Direct Plan


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 6.71 -0.03 0.58 3.05 5.46 6.47 1.63 3.75 6.70 7.67 --
VR Bond 5.53 -0.07 0.27 0.85 3.24 5.52 7.02 7.03 7.57 7.59 --
Debt: Dynamic Bond 7.34 -0.10 0.47 1.85 5.39 7.40 9.92 7.35 8.79 8.74 --
Rank within category 19 6 7 2 14 19 28 22 20 18 --
Number of funds in category 28 29 29 29 29 28 28 24 23 22 0

As on 14-Jul-2020

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 1.63 3.75 6.70 0.85 1,757
ICICI Prudential All Seasons Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 12.63 8.93 10.71 0.80 3,108
IDFC Dynamic Bond Fund - Direct Plan
4 star
Jan-13 13.69 9.72 10.50 0.98 2,311
SBI Dynamic Bond Fund - Direct Plan
5 star
Jan-13 11.87 9.22 10.50 1.04 1,724
Kotak Dynamic Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 11.81 10.05 10.74 0.45 1,322

Best & Worst Performance

Best (Period) Worst (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 3.26 4.41 -0.46 -0.60 1.29 -3.89
VR Bond 6.73 1.95 0.74 1.57 -- --
Debt: Dynamic Bond 6.87 3.17 0.65 1.52 1.13 -0.04
Rank within category 25 24 25 27 17 26
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 61 88 60 17
Modified Duration (yrs) 3.76 4.32 3.01 4.20
Average Maturity (yrs) 5.43 6.53 4.18 5.42
Yield to Maturity (%) 7.98 12.43 7.98 7.04

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 22.91 18.24
equal 8.40% JSW Energy 18/09/2020 Non Convertible Debenture AA- 0.00 - 5.71 5.71
equal 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 3.93 - 6.54 4.72
equal 9.10% India Grid Trust 2022 Debenture AAA 1.12 - 4.08 4.08
down 8.30% IRFC 25/03/2029 Debenture AAA 3.09 - 4.58 3.78
equal First Business Receivable Trust Securitised Debt AAA 0.20 - 0.65 3.42
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.00 - 3.02 3.02
equal 8.90% Bharti Telecom 17/02/2022 Non Convertible Debenture AA+ 0.00 - 2.95 2.95
equal Tata Housing Devp. Co. 2023 Zero Coupon Bonds AA 0.00 - 2.93 2.93
down 8.30% REC 25/03/2029 Non Convertible Debenture AAA 2.33 - 3.32 2.85
equal 8.40% Tata Realty and Infrastructure 2022 Debenture AA 0.00 - 2.81 2.81
equal 9.10% Shriram Transport Finance 2021 Debenture AA+ 0.00 - 2.71 2.71
equal 8.95% Punjab National Bank Bonds AA 2.13 - 3.77 2.23
equal 9.25% Shriram City Union Finance 28/02/2023 Debenture AA 0.00 - 2.19 2.19
equal 8.65% NIIF Infrastructure Finance 21/02/2025 Debenture AAA 0.00 - 2.09 2.09
equal 10.15% Uttar Pradesh Power Corporation 20/01/2023 Debenture A+ 1.08 - 1.96 1.96
equal 10.15% Uttar Pradesh Power Corporation 19/01/2024 Debenture A+ 1.07 - 1.93 1.93
equal 8.85% REC 16/04/2029 Non Convertible Debenture AAA 0.94 - 1.89 1.89
equal 10.15% Uttar Pradesh Power Corporation 20/01/2025 Debenture A+ 1.07 - 1.81 1.81
equal 10.15% Uttar Pradesh Power Corporation 20/01/2021 Debenture A+ 1.09 - 1.51 1.51
equal 7.45% Axis Finance 26/05/2023 Debenture AAA 0.00 - 1.45 1.45
equal 9.75% Manappuram Finance 31/12/2021 Debenture AA 0.00 - 1.45 1.45
equal 9.50% Muthoot Finance 31/01/2022 Debenture AA 0.00 - 1.44 1.44
equal 7.85% Bhopal Dhule Transmission 2022 Debenture AAA 0.00 - 2.10 1.44
new 7.20% Cholamandalam Invest. & Fin. 17/06/2022 Debenture AA+ 0.00 - 1.44 1.44

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

Fund Manager

— Maneesh Dangi since 01-Jan-2013

Education: Mr. Dangi is an MBA and FRM.

Experience: Prior to joining Birla Sun Life Asset Management Company he has worked with Pioneer Investcorp.

Funds Managed:

— Pranay Sinha since 01-Apr-2017

Education: Mr. Sinha has done B.Tech in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta.

Experience: Prior to joining BSLAMC , he has worked with BNP Paribas Bank (October 2010 - August,2014) , Morgan Stanley Investment Management Pvt. Ltd. (March 2008 - October 2010) and ICICI Prudential Asset Management Co. Ltd. ( October 2005 - March 2008).

Funds Managed:


-0.03%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 34.5906

Dividend Quarterly: ₹ 10.2661

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Dividend Monthly: ₹ 10.4309

Dividend: ₹ 12.4974


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 (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) 500
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: 7.95%
Benchmark: NIFTY Composite Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,757 Cr (As on 30-Jun-2020)
Expense: 0.85% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly30-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
 30-Sep-20140.2565
 30-Jun-20140.2615
 28-Mar-20140.2432
 31-Dec-20130.2580
Dividend Monthly26-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
 31-May-20190.0578
 26-Apr-20190.0466
 29-Mar-20190.0632
 22-Feb-20190.0513
 25-Jan-20190.0517
 28-Dec-20180.0513
 30-Nov-20180.0635
 26-Oct-20180.0439
 28-Sep-20180.0439
 31-Aug-20180.0551
 27-Jul-20180.0439
 29-Jun-20180.0550
 25-May-20180.0442
 27-Apr-20180.0385
Dividend22-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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