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2 star

HDFC Dynamic Debt Fund - Direct Plan


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 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 6.31 -0.07 0.53 2.21 4.93 6.32 9.99 4.94 7.44 7.98 --
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 20 9 10 8 21 20 14 20 18 15 --
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)
HDFC Dynamic Debt Fund - Direct Plan  | Invest Online
2 star
Jan-13 9.99 4.94 7.44 1.21 484
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 3.71 (19-Aug-2013 - 26-Aug-2013) -3.28 (12-Aug-2013 - 19-Aug-2013)
Month 4.58 (19-Aug-2013 - 18-Sep-2013) -4.31 (19-Jul-2013 - 19-Aug-2013)
Quarter 8.43 (12-Sep-2014 - 12-Dec-2014) -7.25 (20-May-2013 - 19-Aug-2013)
Year 19.97 (26-Feb-2014 - 27-Feb-2015) -0.15 (13-Jun-2017 - 13-Jun-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.63 3.47 -0.19 -0.26 1.24 -2.45
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 22 20 22 22 15 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 31 38 31 17
Modified Duration (yrs) 3.50 3.50 2.57 4.20
Average Maturity (yrs) 4.73 4.75 3.62 5.42
Yield to Maturity (%) 6.56 7.48 6.45 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
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 11.89 11.12
up 7.17% GOI 2028 GOI Securities SOV 4.68 - 11.06 11.06
equal 8.95% Reliance Industries 2028 Debenture AAA 7.91 - 9.54 8.20
up 6.45% GOI 2029 GOI Securities SOV 0.00 - 7.46 7.46
equal 9.95% Canara Bank Debenture A+ 0.00 - 7.26 7.26
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 3.96 - 5.68 5.68
equal 8.50% Vedanta 15/06/2021 Non Convertible Debenture AA 3.67 - 4.92 4.89
equal 9.00% Union Bank of India 2099 Bonds AA- 4.66 - 6.93 4.72
equal 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 4.32 4.32
equal 9.50% Union Bank of India 31/12/2048 Bonds AA- 2.60 - 3.63 3.63
equal 9.38% MTNL 2023 Bonds AAA 3.18 - 4.77 3.41
equal 7.70% Jamnagar Utilities and Power 29/06/2023 Non Convertible Debenture AAA 2.19 - 3.20 3.20
equal 8.98% Punjab National Bank Zero Coupon Bonds A 2.18 - 3.01 3.01
new 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 2.18 2.18
equal 7.42% Maharashtra State 2022 State Development Loan SOV 1.65 - 2.17 2.17
equal 8.50% Hazaribagh Ranchi Expressway 14/10/2024 Non Convertible Debenture D 1.51 - 2.06 2.06
equal 8.50% Hazaribagh Ranchi Expressway 14/04/2025 Non Convertible Debenture D 1.13 - 1.55 1.55
equal 8.68% Gujarat State 2023 State Development Loan SOV 0.80 - 1.13 1.13
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.79 - 1.12 1.12
equal 6.97% GOI 2026 GOI Securities SOV 0.00 - 1.11 1.11
equal Tata Power 2021 Bonds/NCDs AA- 0.78 - 1.05 1.05
equal 8.75% Hazaribagh Ranchi Expressway 2024 Non Convertible Debenture D 0.76 - 1.03 1.03
equal 8.50% Hazaribagh Ranchi Expressway 2024 Non Convertible Debenture D 0.76 - 1.03 1.03
equal 8.75% Hazaribagh Ranchi Expressway 13/10/2023 Non Convertible Debenture D 0.60 - 0.83 0.83
equal 8.75% Hazaribagh Ranchi Expressway 14/10/2024 Non Convertible Debenture D 0.53 - 0.72 0.72

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

— Anil Bamboli since 01-Jan-2013

Education: Mr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI.

Experience: Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.

Funds Managed:


-0.07%

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

Growth: ₹ 70.0684

Dividend Yearly: ₹ 13.7496

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Dividend Quarterly: ₹ 12.6199

Dividend Half Yearly: ₹ 12.7180

Dividend: ₹ 14.7533


Investment Strategy

The scheme seeks to generate income / capital appreciation by investing in a range of debt 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 (₹) 500
Minimum Balance (₹) 1
Exit Load 0.5% for redemption within 180 days

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.28%
Benchmark: CRISIL Dynamic Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 484 Cr (As on 30-Jun-2020)
Expense: 1.21% (As on 30-Jun-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly25-Jun-20200.2000

 18-Mar-20200.1500
 26-Dec-20190.1500
 25-Sep-20190.1500
 25-Jun-20190.1000
 25-Mar-20190.1000
 26-Dec-20180.1500
 25-Sep-20180.0500
 25-Jun-20180.0500
 26-Mar-20180.0500
 26-Dec-20170.0500
 25-Sep-20170.0500
 27-Jun-20170.2500
 27-Mar-20170.1000
 26-Dec-20160.2000
 26-Sep-20160.4000
 27-Jun-20160.1500
 28-Mar-20160.1000
 28-Dec-20150.1500
 28-Sep-20150.1500
 25-Jun-20150.0750
 25-Mar-20150.2000
 26-Dec-20140.3000
 25-Sep-20140.2000
 25-Jun-20140.2000
Dividend Half Yearly18-Mar-20200.4000

 25-Sep-20190.1500
 25-Mar-20190.2500
 25-Sep-20180.1000
 26-Mar-20180.1000
 25-Sep-20170.3000
 27-Mar-20170.3000
 26-Sep-20160.5500
 28-Mar-20160.2000
 28-Sep-20150.2500
 25-Mar-20150.5000
 25-Sep-20140.4000
 25-Mar-20140.4000
 25-Sep-20130.0787
 25-Mar-20130.5000
Dividend Yearly18-Mar-20200.5500

 25-Mar-20190.3500
 26-Mar-20180.4000
 27-Mar-20170.8500
 28-Mar-20160.4500
 25-Mar-20150.9000
 25-Mar-20140.6500
 25-Mar-20130.9500

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate Mumbai - 400020

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 022-22821144

Website: http://www.hdfcfund.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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