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IDFC Dynamic Bond Fund - Direct Plan

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Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.30 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 10.92 0.30 0.99 2.01 8.04 11.23 14.44 9.81 10.50 10.06 --
VR Bond 5.50 0.13 0.38 0.85 3.33 5.33 7.35 7.06 7.54 7.60 --
Debt: Dynamic Bond 7.40 0.18 0.88 1.94 5.62 7.27 10.32 7.41 8.76 8.77 --
Rank within category 1 6 4 16 2 1 3 3 4 3 --
Number of funds in category 28 29 29 29 29 28 28 24 23 22 0

As on 10-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDFC Dynamic Bond Fund - Direct Plan
4 star
 Jan-13 14.44 9.81 10.50 0.98 2,311
ICICI Prudential All Seasons Bond Fund - Direct Plan  | Invest Now
4 star
 Jan-13 12.96 8.97 10.64 0.77 3,108
SBI Dynamic Bond Fund - Direct Plan
5 star
 Jan-13 12.82 9.36 10.51 1.04 1,724
Kotak Dynamic Bond Fund - Direct Plan  | Invest Online
5 star
 Jan-13 12.21 10.12 10.72 0.45 1,322
Axis Dynamic Bond Fund - Direct Plan  | Invest Online
4 star
 Jan-13 14.58 9.85 10.39 0.22 612

Best & Worst Performance

Best (Period) Worst (Period)
Week 4.57 (19-Aug-2013 - 26-Aug-2013) -4.28 (12-Aug-2013 - 19-Aug-2013)
Month 5.59 (25-Oct-2016 - 24-Nov-2016) -4.96 (19-Jul-2013 - 19-Aug-2013)
Quarter 8.81 (12-Sep-2014 - 12-Dec-2014) -6.71 (20-May-2013 - 19-Aug-2013)
Year 18.77 (13-Feb-2014 - 13-Feb-2015) -0.52 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.15 3.73 1.03 2.36 1.73 1.36
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 2 23 9 7 27 7
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 6 11 3 17
Modified Duration (yrs) 5.31 8.06 5.25 4.40
Average Maturity (yrs) 6.70 12.71 6.68 5.57
Yield to Maturity (%) 5.83 7.12 5.83 5.79

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 90.78 90.78
down 7.27% GOI 2026 GOI Securities SOV 0.00 - 41.94 7.01
new 8.24% GOI 15/02/2027 Central Government Loan SOV 0.00 - 25.08 0.98
new 7.35% GOI 22/06/2024 Central Government Loan SOV 0.00 - 0.70 0.70
equal 8.20% GOI 24/09/2025 Central Government Loan SOV 0.00 - 0.01 0.00
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 72.81 0.00

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

— Suyash Choudhary since 01-Jan-2013

Education: Mr. Choudhary is a B.A (H) Economics from Delhi University and PGDM from IIM Calcutta.

Experience: Prior to joining IDFC Mutual Fund he has worked with HSBC Asset Management (India) Pvt. Ltd., Standard Chartered Asset Management Co. Pvt. Ltd. and Deutsche Bank.

Interviews:

Funds Managed:

0.30%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 28.5133

Dividend Yearly: ₹ 12.1666

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Dividend Quarterly: ₹ 13.2637

Dividend Periodic: ₹ 10.8511

Dividend Half Yearly: ₹ 11.3940

Dividend: ₹ 13.2863

Investment Strategy

The scheme seeks to generate optimal returns by active management of the portfolio by investing in debt and money market instruments across maturities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 10.20%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,311 Cr (As on 30-Jun-2020)
Expense: 0.98% (As on 30-Jun-2020)
Risk Grade: Above Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly26-Jun-20200.8071

 24-Mar-20200.2585
 26-Dec-20190.0367
 25-Sep-20190.2983
 25-Jun-20190.3196
 27-Mar-20190.0780
 27-Dec-20180.4426
 26-Sep-20180.0458
 21-Sep-20170.0939
 27-Jun-20170.3395
 22-Mar-20170.0289
 22-Dec-20160.3972
 22-Sep-20160.4117
 23-Jun-20160.2022
 22-Mar-20160.1308
 21-Dec-20150.0716
 24-Sep-20150.1533
 28-May-20130.2803
 19-Mar-20130.2428
Dividend24-Mar-20202.3995

 22-Mar-20171.1123
 17-Mar-20160.4514
 19-Mar-20150.3880
 28-May-20130.4135
 19-Mar-20130.2642
Dividend Half Yearly24-Mar-20200.3875

 25-Sep-20190.5568
 27-Mar-20190.5137
 24-Sep-20180.0143
 21-Sep-20170.3684
 22-Mar-20170.3034
 22-Sep-20160.5417
 22-Mar-20160.1712
 24-Sep-20150.1548
 23-Mar-20150.7421
 19-Sep-20140.1559
Dividend Periodic24-Mar-20205.0138
Dividend Yearly24-Mar-20201.0167

 27-Mar-20190.6843
 20-Mar-20180.1528
 29-Mar-20171.0328
 17-Mar-20161.3109
 29-Sep-20140.3896
 19-Mar-20130.1215

Contact Information

AMC: IDFC Asset Management Company Limited

Address: Unit No. 27, Ground Floor, Khetan Bhavan,198, Jamshedji Tata Road, Churchgate, Mumbai - 400020

Phone: 022-24398777 / 24399999 / 66289999

Fax: 24215052 / 24215051

Email: [email protected]

Website: http://www.idfcmf.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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