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JM Dynamic Debt Fund


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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.

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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 1.35 0.09 0.02 1.02 1.80 3.07 6.47 7.09 7.69 7.95 7.74
VR Bond 1.75 0.07 0.37 1.53 2.32 3.35 8.96 6.97 7.16 7.54 7.44
Debt: Dynamic Bond 2.08 0.20 0.13 1.77 2.33 3.69 9.27 6.40 7.05 7.87 8.24
Rank within category 26 26 29 26 25 22 23 -- -- -- --
Number of funds in category 29 30 30 29 29 29 29 24 23 22 15

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.70 (31-Jan-2020 - 07-Feb-2020) -0.14 (09-Mar-2007 - 16-Mar-2007)
Month 1.12 (17-Jan-2020 - 17-Feb-2020) 0.21 (23-Jun-2004 - 23-Jul-2004)
Quarter 2.52 (14-Aug-2013 - 14-Nov-2013) 0.69 (27-Jan-2004 - 27-Apr-2004)
Year 9.30 (26-Jul-2013 - 28-Jul-2014) 3.27 (16-Sep-2003 - 15-Sep-2004)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.74 0.31 3.43 4.88 0.05 1.05
VR Bond 6.03 2.13 0.17 0.31 -- --
Debt: Dynamic Bond 5.19 3.21 0.04 0.15 1.10 -0.88
Rank within category 5 1 1 1 1 2
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-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 16 20 8 20
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) 0.18 0.26 0.13 --
Yield to Maturity (%) 5.32 7.74 5.11 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Bank of Baroda 17/03/2020 Certificate of Deposit A1+ 0.00 - 15.89 15.05
equal Reliance Jio Infocomm 100-D 13/03/2020 Commercial Paper A1+ 0.00 - 10.21 9.68
new 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 8.49 8.49
new 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 8.18 8.18
new 7.24% REC 31/12/2022 Non Convertible Debenture AAA 0.00 - 8.16 8.16
equal Indusind Bank 2020 Certificate of Deposit A1+ 0.00 - 8.52 8.08
new 7.35% Bajaj Finance 2022 Non Convertible Debenture AAA 0.00 - 6.55 6.55
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 5.59 5.59
new 7.85% LIC Housing Fin. 23/09/2022 Debenture AAA 0.00 - 5.48 5.48
new 8.50% State Bank of India 22/11/2020 Non Convertible Debenture AA+ 0.00 - 5.47 5.47
new 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 5.42 5.42
new 7.99% Power Finance Corp. 20/12/2022 Debenture AAA 0.00 - 2.78 2.78
new 7.35% Power Finance Corp. 22/11/2022 Debenture AAA 0.00 - 2.73 2.73
equal 7.84% Bajaj Finance 29/06/2020 Debenture AAA 0.00 - 2.89 2.72
equal 10.15% Tata Autocomp Systems 20/05/2020 Debenture AA- 0.00 - 2.88 2.72
equal ICICI Bank 20/03/2020 Certificate of Deposit A1+ 0.00 - 1.70 1.61

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-Jan-2020

*As on 31-Dec-2019

Fund Manager

— Shalini Tibrewala since 18-Jul-2007

Education: Ms. Tibrewala is a B.Com (H), ACA and CS.

Experience: She has been associated with JM Financials since 2003.

Funds Managed:

— Vikas Agrawal since 01-Aug-2018

Education: Mr. Agarwal is a B.Com and PGDBM (Finance)

Experience: He has been associated with JM Financials since 2011.

Funds Managed:


0.09%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 30.4544

Half Yearly Bonus: ₹ 30.7136

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Dividend Weekly: ₹ 10.5530

Dividend Quarterly: ₹ 30.5499

Dividend Monthly: ₹ 30.6951

Dividend Daily: ₹ 10.0600

Bonus: ₹ 30.4708


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

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 5,000
Exit Load 0

Basic Details

Fund House: JM Financial Mutual Fund
Launch Date: 25-Jun-2003
Return Since Launch: 6.90%
Benchmark: CRISIL Composite Bond
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 185 Cr (As on 31-Jan-2020)
Expense: 0.66% (As on 30-Sep-2019)
Risk Grade: Low
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly18-Feb-20200.0064

 11-Feb-20200.0424
 04-Feb-20200.0194
 28-Jan-20200.0098
 21-Jan-20200.0079
 14-Jan-20200.0042
 07-Jan-20200.0076
 31-Dec-20190.0061
 24-Dec-20190.0058
 17-Dec-20190.0061
 10-Dec-20190.0054
 03-Dec-20190.0071
 26-Nov-20190.0064
 19-Nov-20190.0058
 13-Nov-20190.0066
 05-Nov-20190.0057
 30-Oct-20190.0085
 23-Oct-20190.0072
 15-Oct-20190.0065
 09-Oct-20190.0092
 01-Oct-20190.0099
 24-Sep-20190.0047
 17-Sep-20190.0060
 11-Sep-20190.0074
 04-Sep-20190.0092
Dividend Daily17-Feb-20200.0036

 14-Feb-20200.0014
 13-Feb-20200.0011
 12-Feb-20200.0028
 10-Feb-20200.0051
 07-Feb-20200.0021
 06-Feb-20200.0032
 05-Feb-20200.0133
 31-Jan-20200.0006
 30-Jan-20200.0022
 28-Jan-20200.0009
 27-Jan-20200.0035
 24-Jan-20200.0018
 23-Jan-20200.0015
 22-Jan-20200.0016
 21-Jan-20200.0008
 20-Jan-20200.0029
 17-Jan-20200.0015
 16-Jan-20200.0009
 15-Jan-20200.0013
 13-Jan-20200.0020
 10-Jan-20200.0007
 09-Jan-20200.0008
 08-Jan-20200.0006
 07-Jan-20200.0014

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

Email: [email protected]

Website: www.JMFinancialmf.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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