VR Logo

4 star

PGIM India Dynamic Bond Fund - Direct Plan


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.11 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 6.82 0.26 0.55 1.23 5.37 6.53 10.75 8.87 10.02 9.59 --
VR Bond 5.24 0.07 0.24 0.71 2.94 5.16 7.46 7.03 7.49 7.55 --
Debt: Dynamic Bond 6.84 0.24 0.59 1.58 4.71 6.69 10.33 7.31 8.63 8.66 --
Rank within category 15 12 18 23 12 16 14 9 6 5 --
Number of funds in category 28 29 29 29 29 28 28 24 23 22 0

As on 07-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
PGIM India Dynamic Bond Fund - Direct Plan
4 star
Jan-13 10.75 8.87 10.02 0.82 55
ICICI Prudential All Seasons Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 12.91 8.93 10.54 0.77 2,980
IDFC Dynamic Bond Fund - Direct Plan
4 star
Jan-13 14.86 9.77 10.38 1.01 2,182
SBI Dynamic Bond Fund - Direct Plan
5 star
Jan-13 13.44 9.33 10.41 1.04 1,507
Kotak Dynamic Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 12.09 9.95 10.58 0.45 1,220

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.83 (17-Nov-2016 - 24-Nov-2016) -2.34 (02-Feb-2017 - 09-Feb-2017)
Month 5.99 (04-Nov-2016 - 06-Dec-2016) -2.98 (09-Mar-2020 - 09-Apr-2020)
Quarter 8.41 (12-Sep-2014 - 12-Dec-2014) -3.96 (20-May-2013 - 19-Aug-2013)
Year 17.09 (07-Dec-2015 - 06-Dec-2016) 0.97 (20-May-2013 - 20-May-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.36 2.97 1.03 2.32 1.39 1.07
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 8 11 8 8 20 10
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 14 5 17
Modified Duration (yrs) 4.79 6.46 1.47 --
Average Maturity (yrs) 7.20 9.28 2.05 --
Yield to Maturity (%) 5.81 7.49 5.76 --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 43.80 34.22
up 6.45% GOI 2029 GOI Securities SOV 0.00 - 62.03 22.31
new 6.85% Power Grid Corporation 15/04/2025 Non Convertible Debenture AAA 0.00 - 4.72 4.72
new 6.60% REC 21/03/2022 Debenture AAA 0.00 - 3.64 3.64
new 8.30% NTPC 15/01/2029 Debenture AAA 0.00 - 13.07 2.00
equal 7.17% GOI 2028 GOI Securities SOV 0.30 - 25.71 0.30

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-May-2020

Fund Manager

— Puneet Pal since 13-Dec-2017

Education: Mr. Pal is a B.Com (H) and MBA from SIBM Pune.

Experience: Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.

Funds Managed:


0.26%

Change from previous, NAV as on 07-Jul-2020

Growth: ₹ 2,180.4836

Dividend Quarterly: ₹ 1,234.8983

Dividend Monthly: ₹ 1,538.4109


Investment Strategy

The Scheme seek to generate returns through active management of a portfolio 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 10
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 9.60%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 55 Cr (As on 31-May-2020)
Expense: 0.82% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly30-Jun-202022.5000

 27-Mar-202012.2455
 26-Dec-201912.9658
 27-Sep-201912.9658
 28-Jun-201914.4065
 25-Mar-201914.4065
 28-Dec-201814.4065
 28-Sep-201814.4065
 28-Jun-201814.4065
 23-Mar-201814.4453
 29-Dec-201714.4453
 28-Sep-201715.8898
 29-Jun-201715.1676
 24-Mar-201715.1676
 29-Dec-201614.4453
 29-Sep-201614.4453
 27-Jun-201614.4453
 28-Mar-201614.4453
 28-Dec-201514.4453
Dividend Monthly29-Sep-20175.4170

 24-Aug-20175.4170
 28-Jul-20175.4170
 30-Jun-20175.4170
 26-May-20171.4445
 27-Jun-20164.1530
 27-May-20164.1530
 29-Apr-20164.1530
 28-Sep-201521.7907
 25-Aug-20155.4561
 27-Jul-20150.2270
 25-Feb-20157.5250
 27-Jan-201513.6780
 26-Dec-201424.5838
 25-Nov-201418.7974
 27-Oct-201417.0986
 25-Jun-20145.3842
 26-May-20148.7840
 25-Apr-20142.6832
 27-May-201319.8702
 25-Mar-20137.2242
 28-Jan-201314.8796

Contact Information

AMC: PGIM India Asset Management Pvt. Ltd.

Address: 2nd Floor - Nirlon House, Dr. Annie Besant Road, Worli, Mumbai - 400030

Phone: 022-61593000 / 1800-266-2667

Email: [email protected]

Website: https://www.pgimindiamf.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

Upcoming Video

VR Helpline

Investing rationally when markets are irrational.

dateSaturday, 11-Jul-2020
time04:00 PM - 04:30 PM