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3 star

JM Dynamic Bond Fund download report


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
JM Dynamic Bond-G 1.10 0.07 0.01 0.35 0.38 1.10 3.09 4.73 5.73 6.47 7.05
VR Bond -0.22 0.01 0.07 0.28 -0.64 -0.22 2.02 4.15 5.07 6.03 6.68
Debt: Dynamic Bond -0.17 0.09 0.08 0.26 -0.56 -0.17 1.83 5.61 5.31 6.77 7.42
Rank within category 4 15 25 6 4 4 4 20 -- -- --
Number of funds in category 27 27 27 27 27 27 26 24 22 21 19

As on 30-Jun-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
JM Dynamic Bond Fund
3 star
Jun-03 3.09 4.73 5.73 0.98% 50
ICICI Prudential All Seasons Bond Fund  | Invest Now
5 star
May-09 2.24 6.96 6.49 1.38% 5,802
SBI Dynamic Bond Fund
4 star
Feb-04 2.02 6.02 5.94 1.65% 2,304
Kotak Dynamic Bond Fund - Regular Plan  | Invest Online
4 star
May-08 1.50 6.05 6.73 1.20% 2,139
Axis Dynamic Bond Fund
4 star
Apr-11 0.51 6.29 6.21 0.66% 1,755

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.54 24-Mar-2020 - 31-Mar-2020 -1.96 12-Mar-2020 - 19-Mar-2020
Month 3.54 24-Mar-2020 - 23-Apr-2020 -2.64 25-Feb-2020 - 26-Mar-2020
Quarter 5.61 26-Mar-2020 - 25-Jun-2020 -1.34 24-Dec-2019 - 24-Mar-2020
Year 9.30 26-Jul-2013 - 28-Jul-2014 2.21 11-Jun-2021 - 13-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
JM Dynamic Bond-G 4.69 1.57 0.76 1.15 0.50 0.73
VR Bond 4.44 2.05 0.46 0.71 -- --
Debt: Dynamic Bond 5.51 3.38 0.65 1.06 1.00 1.08
Rank within category 20 1 9 10 6 16
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 31-May-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 2 12 2 23
Modified Duration (yrs) 0.78 2.17 0.78 2.15
Average Maturity (yrs) 0.91 2.55 0.87 3.28
Yield to Maturity (%) 4.87 4.87 4.00 6.09
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Reserve Bank of India 182-D 22/09/2022 Treasury Bills SOV 0.00 - 23.94 19.58
new 5.74% GOI 15/11/2026 GOI Securities SOV 0.00 - 18.85 18.85

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-2022

Fund Manager

— Prashant R Pimple since 01-Dec-2021

Education: Mr. Pimple is a MBA (Finance) and CTM.

Experience: Prior to joining Nippon India Mutual Fund he has worked with Fidelity Mutual Fund, ICICI Bank, Bank of Bahrain & Kuwait, Saraswat Co-op Bank Ltd. and SIDBI.

Funds Managed:

— Gurvinder Singh Wasan since 05-Apr-2022

Education: Mr. Wasan is a Chartered Accountant, CFA and Master of Commerce from Mumbai University.

Experience: Prior to joining Principal Mutual Fund, he has worked with Crisil Ltd. and ICICI Bank Ltd.

Funds Managed:


0.07%

Change from previous, NAV as on 30-Jun-2022

Growth: ₹ 33.6245

IDCW Weekly: ₹ 10.5566

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IDCW Quarterly: ₹ 33.7299

IDCW Monthly: ₹ 33.8899

IDCW Daily: ₹ 10.0518

Half Yearly Bonus: ₹ 33.9130

Bonus: ₹ 33.6352


Investment Strategy

The scheme seeks to actively manage a portfolio of good quality debt as well as Money Market Instruments so as to provide reasonable returns and liquidity to the Unit holders.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 500
Min. Balance (₹) 5,000
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: JM Financial Mutual Fund
Launch Date: 25-Jun-2003
Return Since Launch: 6.58%
Benchmark: CRISIL Dynamic Bond Fund BIII Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 50 Cr (As on 31-May-2022)
Expense: 0.98% (As on 31-May-2022)
Risk Grade: Low
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly28-Jun-20220.0106

 21-Jun-20220.0083
 26-Apr-20220.0110
 05-Apr-20220.0043
 29-Mar-20220.0095
 22-Mar-20220.0072
 15-Mar-20220.0116
 15-Feb-20220.0235
 09-Feb-20220.0049
 01-Feb-20220.0017
 25-Jan-20220.0084
 18-Jan-20220.0065
 11-Jan-20220.0004
 14-Dec-20210.0091
 07-Dec-20210.0015
 30-Nov-20210.0105
 23-Nov-20210.0077
 16-Nov-20210.0015
 09-Nov-20210.0215
 21-Sep-20210.0199
 14-Sep-20210.0040
 07-Sep-20210.0139
 31-Aug-20210.0163
 18-Aug-20210.0348
 10-Aug-20210.0040
IDCW Daily27-Jun-20220.0027

 22-Jun-20220.0152
 20-Jun-20220.0114
 02-May-20220.0005
 26-Apr-20220.0011
 25-Apr-20220.0072
 07-Apr-20220.0018
 06-Apr-20220.0003
 05-Apr-20220.0001
 30-Mar-20220.0040
 29-Mar-20220.0017
 28-Mar-20220.0021
 25-Mar-20220.0024
 24-Mar-20220.0016
 21-Mar-20220.0030
 17-Mar-20220.0033
 16-Mar-20220.0017
 15-Mar-20220.0035
 14-Mar-20220.0016
 10-Mar-20220.0021
 18-Feb-20220.0018
 17-Feb-20220.0015
 14-Feb-20220.0062
 11-Feb-20220.0040
 10-Feb-20220.0120

Contact Information

AMC: JM Financial Asset Management Ltd.

Address: Office B-8th Floor-Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025

Phone: 022-33797777 / 1800-103-8345

Fax: 022-26528388

Website: http://www.JMFinancialmf.com

Registrar & Transfer Agent: KFin Technologies 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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