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3 star

Nippon India Dynamic Bond Fund - Direct Plan


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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 8.88 -0.08 0.06 0.51 1.29 6.97 10.56 7.49 8.58 9.33 --
VR Bond 5.52 0.01 -0.03 0.08 0.84 3.51 6.93 6.71 7.16 7.73 --
Debt: Dynamic Bond 7.33 0.04 0.13 0.59 1.37 5.98 9.46 7.27 8.31 9.07 --
Rank within category 5 28 22 17 11 9 11 11 10 9 --
Number of funds in category 27 28 28 28 28 28 27 23 22 21 0

As on 21-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Dynamic Bond Fund - Direct Plan  | Invest Online
3 star
Jan-13 10.56 7.49 8.58 0.25 1,202
ICICI Prudential All Seasons Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 12.77 8.92 10.21 0.80 4,287
IDFC Dynamic Bond Fund - Direct Plan
4 star
Jan-13 12.73 9.27 9.69 0.93 2,647
SBI Dynamic Bond Fund - Direct Plan
4 star
Jan-13 11.04 8.90 9.75 0.87 2,161
Kotak Dynamic Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 11.57 9.59 10.12 0.45 1,632

Best & Worst Performance

Best (Period) Worst (Period)
Week 4.12 (19-Aug-2013 - 26-Aug-2013) -3.48 (12-Aug-2013 - 19-Aug-2013)
Month 5.12 (08-Apr-2020 - 08-May-2020) -5.13 (19-Jul-2013 - 19-Aug-2013)
Quarter 8.18 (12-Sep-2014 - 12-Dec-2014) -8.31 (20-May-2013 - 19-Aug-2013)
Year 18.25 (31-Jan-2014 - 02-Feb-2015) -0.41 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.00 3.69 0.50 1.14 1.58 -0.20
VR Bond 6.44 2.10 0.62 1.17 -- --
Debt: Dynamic Bond 6.61 3.35 0.57 1.17 1.13 0.01
Rank within category 12 21 18 14 26 18
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 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 28 30 8 18
Modified Duration (yrs) 6.50 6.78 4.54 4.64
Average Maturity (yrs) 9.17 9.59 5.94 6.32
Yield to Maturity (%) 6.49 6.83 5.78 6.18

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.83% Maharashtra State 2030 State Development Loan SOV 0.00 - 23.58 20.24
up 6.60% Tamilnadu State 2030 State Development Loan SOV 0.00 - 15.81 12.01
new 6.65% Gujarat State 26/08/2030 State Development Loan SOV 0.00 - 8.76 8.76
equal 7.17% Gujarat State 2030 State Development Loan SOV 0.00 - 14.53 8.61
equal 6.58% Karnataka State 2030 State Development Loan SOV 0.00 - 9.85 6.20
equal 7.09% Karnataka State 18/03/2030 State Development Loan SOV 0.00 - 7.48 4.71
equal 7.60% Maharashtra State 15/04/2030 State Development Loan SOV 0.00 - 14.37 3.54
equal 7.75% Tamilnadu State 2030 State Development Loan SOV 0.00 - 5.29 3.13
equal 7.18% Maharashtra State 28/06/2029 State Development Loan SOV 0.00 - 3.66 3.02
equal 6.97% Karnataka State 26/02/2030 State Development Loan SOV 0.00 - 4.72 2.97
equal 6.73% Tamilnadu State 13/05/2030 State Development Loan SOV 0.00 - 3.56 2.93
equal 6.57% Madhya Pradesh State 2030 State Development Loan SOV 0.00 - 3.51 2.89
equal 7.91% Kerala State 2030 State Development Loan SOV 0.00 - 3.82 2.26
equal 7.04% Gujarat State 18/03/2030 State Development Loan SOV 0.00 - 2.60 2.13
equal 6.63% Kerala State 20/05/2030 State Development Loan SOV 0.00 - 2.51 2.07
equal 6.41% Tamilnadu State 15/07/2030 State Development Loan SOV 0.00 - 2.48 2.04
equal 6.54% Maharashtra State 27/05/2030 State Development Loan SOV 0.00 - 2.37 1.95
equal 7.27% Maharashtra State 15/01/2030 State Development Loan SOV 0.00 - 2.93 1.73
new Export-Import Bank 218-D 04/03/2021 Commercial Paper A1+ 0.00 - 1.63 1.63
equal 6.73% Madhya Pradesh State 13/05/2030 State Development Loan SOV 0.00 - 1.16 0.96
new 7.39% Maharashtra State 2030 State Development Loan SOV 0.00 - 0.87 0.87
new 6.66% Tamilnadu State 26/08/2030 State Development Loan SOV 0.00 - 0.83 0.83
new Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 0.81 0.81
equal 6.84% Kerala State 2030 State Development Loan SOV 0.00 - 0.51 0.42
new National Bank Agr. Rur. Devp 18/02/2021 Certificate of Deposit A1+ 0.00 - 0.41 0.41

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-2020

Fund Manager

— Prashant R Pimple since 01-Jan-2013

Education: Mr. Pimple is a MBA (Finance) and CTM.

Experience: Prior to joining Reliance Mutual Fund he has worked with Fidelity Mutual Fund, ICICI Bank, Bank of Bahrain & Kuwait, Saraswat Co-op Bank Ltd. and SIDBI.

Funds Managed:

— Vivek Sharma since 25-Jun-2020

Education: Mr. Vivek Sharma is a B.E (Electronics) and PGDM (Finance).

Experience: He has been associated with Reliance AMC since 2006.

Funds Managed:


-0.08%

Change from previous, NAV as on 21-Sep-2020

Growth: ₹ 29.8004

Dividend Quarterly: ₹ 10.5609

Dividend: ₹ 21.5300


Investment Strategy

The scheme aims to generate regular income and capital appreciation through investment in debt instruments and related securities besides preservation of capital The scheme can also invest in money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 60
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Exit Load 1% for redemption within 30 days

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.92%
Benchmark: CRISIL Dynamic Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,202 Cr (As on 31-Aug-2020)
Expense: 0.25% (As on 31-Aug-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly22-Jun-20200.6276

 20-Mar-20200.2595
 20-Dec-20190.0607
 20-Sep-20190.1933
 20-Jun-20190.2845
 20-Mar-20190.0432
 20-Dec-20180.2134
 21-Sep-20180.0357
 20-Sep-20170.0865
 20-Jun-20170.2887
 20-Dec-20160.3359
 20-Sep-20160.4121
 20-Jun-20160.1727
 21-Mar-20160.0605
 21-Dec-20150.0761
 21-Sep-20150.1400
 20-Mar-20150.2202
 22-Dec-20140.4643
 22-Sep-20140.1386
 20-Jun-20140.3123
 20-Mar-20140.0734
 20-Jun-20130.4073
 20-Mar-20130.1995
Dividend28-Mar-20160.6810

 25-Mar-20151.0459
 22-Sep-20140.5706
 25-Mar-20140.5499
 25-Mar-20130.3081

Contact Information

AMC: Nippon India Life Asset Management Ltd.

Address: Reliance Centre, 7th Floor, South Wing Off Western Express Highway Santacruz (East) Mumbai - 400055

Phone: 022-68334800 / 18602660111

Fax: 022-33037662

Email: [email protected]

Website: http://www.nipponindiamf.com

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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