VR Logo

Principal Dynamic Bond Fund


1 Lakh

Investment declined to
₹ 0.98 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.19 Lakh

Analyst's Choice?

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 0.34 0.08 0.06 0.99 0.77 1.34 -2.34 1.86 4.79 5.88 6.72
Debt: Dynamic Bond -0.01 0.01 -0.13 0.83 1.11 1.81 7.39 5.07 6.75 7.62 7.91
Rank within category 7 12 22 15 25 23 27 23 21 21 14
Number of funds in category 29 29 29 29 29 29 29 24 23 22 14

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
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) -3.10 (19-Dec-2018 - 19-Dec-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 2.21 5.39 -0.65 -0.51 0.56 -3.72
Debt: Dynamic Bond 5.41 3.18 0.11 0.27 1.11 -0.74
Rank within category 26 27 24 21 4 25
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

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 11 18 10 21
Modified Duration (yrs) 3.02 4.41 2.37 3.38
Average Maturity (yrs) 3.93 5.95 3.02 4.57
Yield to Maturity (%) 6.19 8.47 6.19 7.13

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 15.37 15.37
equal 7.72% GOI 25/05/2025 Central Government Loan SOV 0.00 - 12.49 12.49
down 7.17% GOI 2028 GOI Securities SOV 0.00 - 23.50 9.10
new 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 6.24 6.24
equal 8.23% IRFC 29/03/2029 Debenture AAA 0.00 - 6.23 6.23
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 6.16 6.16
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 6.05 6.05
equal 6.84% GOI 19/12/2022 GOI Securities SOV 4.41 - 13.03 4.55
equal 8.94% Gujarat State 24/09/2024 State Development Loan SOV 0.00 - 3.24 3.24
new 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 15.13 3.08
equal 8.90% Dewan Housing Fin. Corpn. 2021 Debenture D 0.00 - 1.47 1.20

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-Dec-2019

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:


0.08%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 29.9197

Dividend Yearly: ₹ 11.3787

Dividend Quarterly: ₹ 12.8894


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: 13-May-2003
Return Since Launch: 6.79%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 34 Cr (As on 31-Dec-2019)
Expense: 1.54% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Below Average

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: www.principalindia.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM