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:
|Debt: Dynamic Bond||0.02||0.01||-0.12||0.88||1.27||2.14||8.09||5.81||7.54||8.38||--|
|Rank within category||29||27||29||29||28||28||25||8||6||9||--|
|Number of funds in category||29||29||29||29||29||29||29||24||23||22||0|
As on 17-Jan-2020
|Best (Period)||Worst (Period)|
|Week||-- ( - )||-- ( - )|
|Month||5.33 (19-Aug-2013 - 18-Sep-2013)||-6.24 (19-Jul-2013 - 19-Aug-2013)|
|Quarter||6.41 (19-Aug-2013 - 18-Nov-2013)||-7.97 (20-May-2013 - 19-Aug-2013)|
|Year||15.17 (19-Aug-2013 - 19-Aug-2014)||2.69 (17-Jan-2019 - 17-Jan-2020)|
|Debt: Dynamic Bond||6.09||3.18||0.39||0.73||1.11||-0.06|
|Rank within category||1||2||2||2||2||1|
|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-Dec-2019
|Fund||1Y High||1Y Low||Category|
|Number of Securities||85||96||85||21|
|Modified Duration (yrs)||1.79||2.16||1.79||3.38|
|Average Maturity (yrs)||2.47||3.01||2.47||4.57|
|Yield to Maturity (%)||12.54||12.54||10.93||7.13|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|10.25% Shriram Transport Finance 26/04/2024||Debenture||AA+||6.39 - 7.13||6.64|
|8.35% Bharti Airtel 20/04/2021||Non Convertible Debenture||AA||0.00 - 3.99||3.99|
|Adani Rail Infra 28/04/2023||Debenture||AA-||2.69 - 3.62||3.62|
|8.95% Pipeline Infrastructure 22/03/2024||Non Convertible Debenture||AAA||0.00 - 4.88||3.13|
|10.15% Uttar Pradesh Power Corporation 20/01/2023||Debenture||A+||2.73 - 2.92||2.86|
|Piramal Enterprises 29/05/2020||Debenture||AA||2.48 - 2.64||2.60|
|Edelweiss Rural & Corporate Services 29/11/2021||Debenture||AA-||0.00 - 2.57||2.57|
|11.25% India Shelter Finance Corporation 2026||Debenture||A||0.00 - 2.57||2.57|
|12.50% JM Fin Asset Reconstruction co 2022||Debenture||AA-||0.00 - 2.56||2.56|
|11.84% Hero Solar Energy 2022||Debenture||A||0.00 - 2.56||2.56|
|9.31% Tata Motors 29/09/2023||Debenture||AA-||0.00 - 2.55||2.55|
|11.50% SD Corporation 2022||Debenture||AA||0.00 - 2.54||2.54|
|10.32% Andhra Pradesh Capital Region Development Authority 16/08/2027||Debenture||A+||2.30 - 2.79||2.41|
|11.25% Aadarshini Real Estate Developers 29/07/2020||Debenture||A+||0.00 - 2.35||2.35|
|8.25% Vodafone Idea 2020||Bonds/Debentures||BBB-||0.00 - 2.23||2.23|
|8.90% Vedanta 2021||Non Convertible Debenture||AA||0.00 - 2.08||2.08|
|10.90% Ess Kay Fincorp 2021||Debenture||A||0.61 - 1.31||1.91|
|10.90% Vodafone Idea 2023||Debenture||BBB-||0.00 - 1.85||1.85|
|9.50% Piramal Capital & Housing Finance 15/04/2022||Debenture||AA||0.00 - 1.85||1.85|
|Pune Solapur Expressways 31/03/2029||Debenture||A||1.65 - 3.05||1.72|
|12.30% Sterlite Power Grid Ventures 28/03/2022||Debenture||A+||0.00 - 1.69||1.69|
|7.40% Tata Motors 29/06/2021||Bonds||AA-||0.00 - 1.55||1.55|
|11.50% Rivaaz Trade Ventures 30/03/2023||Debenture||AA-||1.39 - 1.52||1.52|
|Sadbhav Infrastructure Project 2023||Debenture||A||0.00 - 1.52||1.52|
|12.64% Five-Star Business Finance 28/05/2022||Debenture||A||0.00 - 1.45||1.45|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Dec-2019
Education: Mr. Desai is a B.E and PGDM from IIM Bangalore.
Experience: Prior to joining Sundaram Mutual Fund he has worked with ICICI Bank, Infosys Technologies and Thermax.
Education: Mr. Kamath is a B.E ( Electronics ) from REC Bhopal and PGDM (Management) from XLRI Jamshedpur.
Experience: Prior to joining Franklin Templeton Investments he has worked with ING Vysya AMC, Zurich Asset Management, SBI Mutual, CRISIL and Jardine Fleming Asset Management.
Education: Mr. Sharma is a B.Com (H), CS and CA.
Experience: Prior to joining Franklin Templeton Mutual Fund he has worked with ICICI Bank Ltd., UTI Mutual Fund, Invesco Mutual Fund and JM Financials.
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The scheme aims to generate a steady stream of income and to generate capital appreciation through investment focus on high credit quality and highly liquid money market instruments.
|Minimum Investment (₹)||10,000|
|Minimum Addl Investment (₹)||1,000|
|Minimum SIP Investment (₹)||500|
|Minimum No of Cheques||12|
|Minimum Withdrawal (₹)||1,000|
|Minimum Balance (₹)||2,000|
|Exit Load||For units in excess of 10% of the investment,3% will be charged for redemption within 365 days
For units in excess of 10% of the investment,2% will be charged for redemption between 366 - 730 days
For units in excess of 10% of the investment,1% will be charged for redemption between 731 - 1095 days
For units in excess of 10% of the investment,0.5% will be charged for redemption between 1096 - 1460 days
|Fund House:||Franklin Templeton Mutual Fund|
|Return Since Launch:||8.80%|
|Benchmark:||CRISIL Composite Bond|
|Assets:||₹ 3,851 Cr (As on 31-Dec-2019)|
|Expense:||0.76% (As on 31-Dec-2019)|
|Return Grade:||Above Average|
|Plan||Record Date||Dividend (₹ / Unit)|
AMC: Franklin Templeton Asset Management India Private Ltd
Address: Indiabulls Finance Center, Tower 2, 12th and 13th Floor, Senapati Bapat Marg, Elphinstone Road (West) Mumbai - 400013
Phone: 1800-425-4255 / 60004255
Email: [email protected]
Registrar & Transfer Agent: Franklin Templeton Asset Management (India) Pvt. Ltd.
Address: Unit 301, III Floor, Campus 4B, RMZ Millenia Business Park, 143 Dr. MGR Road, Kandanchavadi Chennai - 600096