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3 star

IDBI Dynamic Bond Fund - Direct Plan


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.06 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 5.83 -0.05 -0.03 0.66 2.33 3.73 6.34 8.03 5.52 6.77 --
VR Bond 2.68 0.03 -0.02 0.59 1.27 2.12 2.98 6.35 5.55 6.67 --
Debt: Dynamic Bond 4.17 -0.02 0.05 0.56 1.26 3.03 4.82 8.14 6.28 7.97 --
Rank within category 3 26 25 7 2 3 4 15 18 20 --
Number of funds in category 26 28 28 28 28 27 26 24 22 21 0

As on 03-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDBI Dynamic Bond Fund - Direct Plan
3 star
Jan-13 6.34 8.03 5.52 0.46% 37
ICICI Prudential All Seasons Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 5.58 9.96 7.88 0.61% 6,544
IDFC Dynamic Bond Fund - Direct Plan
4 star
Jan-13 3.41 9.92 7.43 0.72% 4,064
Kotak Dynamic Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.66 9.98 8.09 0.52% 2,946
Axis Dynamic Bond Fund - Direct Plan
4 star
Jan-13 4.82 10.11 7.61 0.25% 2,204

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.84 19-Aug-2013 - 26-Aug-2013 -3.51 12-Aug-2013 - 19-Aug-2013
Month 4.93 25-Oct-2016 - 24-Nov-2016 -5.24 19-Jul-2013 - 19-Aug-2013
Quarter 6.92 25-Aug-2016 - 24-Nov-2016 -8.56 20-May-2013 - 19-Aug-2013
Year 14.64 04-Apr-2014 - 06-Apr-2015 -2.53 16-May-2013 - 16-May-2014

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.84 2.89 1.40 2.08 0.80 2.12
VR Bond 6.20 2.04 1.18 1.59 -- --
Debt: Dynamic Bond 7.88 3.58 1.36 2.13 1.07 1.52
Rank within category 15 8 13 13 7 8
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 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 9 10 6 23
Modified Duration (yrs) 5.52 5.63 2.65 --
Average Maturity (yrs) 7.70 8.02 3.36 --
Yield to Maturity (%) 6.25 6.53 5.28 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 6.10% GOI 2031 GOI Securities SOV 0.00 - 28.91 28.91
up 5.63% GOI 2026 GOI Securities SOV 0.00 - 47.12 28.03
equal 6.67% GOI 15/12/2035 GOI Securities SOV 0.00 - 22.95 16.73
equal 5.78% Chennai Petroleum Corporation 17/07/2025 Non Convertible Debenture AAA 4.79 - 9.78 4.79
equal 5.85% REC 20/12/2025 Non Convertible Debenture AAA 4.53 - 9.28 4.53
equal 5.45% NTPC 15/10/2025 Debenture AAA 4.51 - 9.31 4.51
equal 9.21% Punjab National Bank Additional Tier 1 Bond AA 4.10 - 16.64 4.10
equal 8.65% Bank of Baroda Additional Tier 1 Bond AA+ 2.75 - 9.26 2.75
equal 6.75% Piramal Capital & Housing Finance 26/09/2031 Debenture AA 0.00 - 0.76 0.59

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-Oct-2021

Fund Manager

— Raju Sharma since 03-May-2017

Education: Mr. Sharma is a Commerce Graduate and holds a degree of CA and LLB.

Experience: Prior to joining IDBI Mutual Fund, he has worked with Tata Mutual Fund, Indiabulls Mutual Fund, JM Morgan Stanley and DHFL.

Funds Managed:


-0.05%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 19.4127

IDCW Yearly: ₹ 15.8157

IDCW Quarterly: ₹ 10.7666


Investment Strategy

The Scheme seeks to generate income while maintaining liquidity through active management of a portfolio comprising 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 (₹) 1,000
Minimum Balance (₹) 5,000
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: IDBI Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 6.72%
Benchmark: CRISIL Composite Bond Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 37 Cr (As on 31-Oct-2021)
Expense: 0.46% (As on 31-Oct-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly21-Feb-20190.2584

 06-Nov-20180.1943
 30-Sep-20140.3507
 21-Apr-20140.3896
IDCW Yearly30-Mar-20150.8203

 21-Apr-20140.1636

Contact Information

AMC: IDBI Asset Management Ltd.

Address: 4th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005

Phone: 022-66442800 / 1800-419-4324

Fax: 022-66442801

Email: [email protected]

Website: http://www.idbimutual.co.in

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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