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1 star

Principal Dynamic Bond Fund


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 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 7.30 0.04 0.16 4.54 6.68 5.84 8.24 3.01 5.73 6.65 7.12
VR Bond 5.97 0.08 0.18 0.83 2.36 5.01 7.34 6.95 7.52 7.92 7.66
Debt: Dynamic Bond 7.26 0.03 0.16 1.07 3.33 6.22 9.14 6.42 7.97 8.37 8.53
Rank within category 14 10 12 1 1 18 20 23 22 21 15
Number of funds in category 28 29 29 29 29 29 28 24 23 22 15

As on 05-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Principal Dynamic Bond Fund
1 star
Oct-00 8.24 3.01 5.73 1.52 28
ICICI Prudential All Seasons Bond Fund  | Invest Now
4 star
May-09 12.31 8.06 9.91 1.50 3,108
IDFC Dynamic Bond Fund - Regular Plan
4 star
Dec-08 12.92 8.72 9.57 1.77 2,311
SBI Dynamic Bond Fund
5 star
Feb-04 11.05 8.24 9.64 1.66 1,724
Kotak Dynamic Bond Fund - Regular Plan  | Invest Online
5 star
May-08 11.03 9.06 9.97 1.08 1,322

Best & Worst Performance

Best (Period) Worst (Period)
Week 6.66 (11-Dec-2008 - 18-Dec-2008) -9.15 (03-Jun-2019 - 10-Jun-2019)
Month 13.81 (28-Nov-2008 - 30-Dec-2008) -7.85 (10-May-2019 - 10-Jun-2019)
Quarter 16.16 (06-Oct-2008 - 05-Jan-2009) -7.42 (05-Jan-2009 - 06-Apr-2009)
Year 18.04 (04-Jan-2008 - 05-Jan-2009) -4.44 (03-Jun-2019 - 02-Jun-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 3.27 6.18 -0.32 -0.28 0.54 -2.81
VR Bond 6.81 1.95 0.81 1.77 -- --
Debt: Dynamic Bond 6.37 3.22 0.49 1.18 1.14 -0.66
Rank within category 24 27 23 22 3 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 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 10 13 7 16
Modified Duration (yrs) 3.28 4.41 2.40 4.41
Average Maturity (yrs) 4.03 5.95 2.94 5.91
Yield to Maturity (%) 4.93 6.45 4.93 6.70

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 6.18% GOI 2024 GOI Securities SOV 0.00 - 22.31 22.31
down 7.27% GOI 2026 GOI Securities SOV 0.00 - 27.01 15.45
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 21.01 11.42
equal 6.84% GOI 19/12/2022 GOI Securities SOV 4.41 - 12.12 9.42
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 5.79 - 7.43 7.43
new 7.88% GOI 19/03/2030 GOI Securities SOV 0.00 - 4.00 4.00
equal 7.32% GOI 28/01/2024 GOI Securities SOV 3.84 - 15.37 3.84
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 7.27 3.83
new 7.05% Reliance Industries 13/09/2023 Debenture AAA 0.00 - 3.71 3.71
new 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 3.58 3.58

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

— Bekxy Kuriakose since 01-Jan-2013

Education: Ms. Kuriakose is a BA (Economics) from Delhi University and PGDM from IIM,Bangalore

Experience: Prior to joining Principal Mutual Fund she has worked with L&T Mutual Fund, Reliance Life Insurance Co. Ltd ,SBI Mutual Fund and Tata Administrative Services

Funds Managed:


0.04%

Change from previous, NAV as on 05-Aug-2020

Growth: ₹ 31.9944

Dividend Yearly: ₹ 12.1677

Dividend Quarterly: ₹ 13.7831


Investment Strategy

The scheme aims to generate regular income and capital appreciation through investment in debt instruments and related securities besides preservation of capital The scheme can also invest in money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 2,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: Principal Mutual Fund
Launch Date: 25-Oct-2000
Return Since Launch: 6.98%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 28 Cr (As on 30-Jun-2020)
Expense: 1.52% (As on 30-Jun-2020)
Risk Grade: Above Average
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Yearly17-Sep-20190.0664

 17-Sep-20180.0341
 15-Sep-20170.6060
 23-Sep-20160.8380
 24-Sep-20150.9538
 24-Sep-20140.7504
 25-Sep-20130.5477
 24-Sep-20120.8809
 23-Sep-20110.5285
 20-Sep-20100.4288
 24-Sep-20090.4380
 24-Sep-20080.5694
 24-Sep-20070.5694
 24-Sep-20060.5701
 23-Sep-20050.4385
 22-Sep-20040.3980
 12-Sep-20034.0000
Dividend Quarterly15-Mar-20190.1722

 17-Dec-20180.2605
 17-Sep-20180.0403
 15-Sep-20170.1445
 16-Jun-20170.2846
 17-Mar-20170.0069
 23-Dec-20160.2457
 23-Sep-20160.4464
 24-Jun-20160.2183
 23-Mar-20160.0953
 24-Dec-20150.1192
 24-Sep-20150.2419
 24-Mar-20150.2732
 24-Dec-20140.5172
 24-Sep-20140.1785
 24-Jun-20140.3053
 24-Jun-20130.2338
 22-Mar-20130.1762
 24-Dec-20120.1762
 24-Sep-20120.2202
 22-Jun-20120.1321
 22-Mar-20120.1321
 23-Dec-20110.1321
 23-Sep-20110.1321
 24-Jun-20110.1321

Contact Information

AMC: Principal Asset Management Pvt. Ltd.

Address: Exchange Plaza - 2rd Floor - NSE Building, "B" Wing-Bandra Kurla Complex, Bandra (East), Mumbai - 400051

Phone: 022-67720555 / 1800-425-5600

Fax: 022-67720512

Email: [email protected]

Website: http://www.principalindia.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

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