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2 star

JM Dynamic Debt Fund


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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(₹)
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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 2.13 0.06 0.03 -0.05 0.97 2.14 3.32 5.83 6.47 7.12 7.47
VR Bond 1.69 0.02 -0.05 -0.30 1.29 1.77 2.89 6.72 5.84 6.86 7.36
Debt: Dynamic Bond 3.01 0.08 0.00 0.17 1.56 3.17 4.43 7.79 6.31 7.69 8.34
Rank within category 16 17 6 10 21 22 18 21 -- -- --
Number of funds in category 26 28 28 28 28 26 26 24 22 21 16

As on 21-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
JM Dynamic Debt Fund
2 star
Jun-03 3.32 5.83 6.47 0.99% 82
ICICI Prudential All Seasons Bond Fund  | Invest Now
5 star
May-09 5.46 9.38 7.92 1.40% 6,124
IDFC Dynamic Bond Fund - Regular Plan
4 star
Dec-08 2.68 9.64 7.49 1.61% 3,812
Kotak Dynamic Bond Fund - Regular Plan  | Invest Online
5 star
May-08 4.45 9.60 7.93 1.26% 2,964
SBI Dynamic Bond Fund
4 star
Feb-04 2.62 9.04 7.29 1.65% 2,844

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 3.00 10-Jul-2020 - 12-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.82 1.52 1.24 1.47 0.42 0.69
VR Bond 6.81 2.11 1.36 1.85 -- --
Debt: Dynamic Bond 7.71 3.57 1.23 1.87 1.03 0.83
Rank within category 21 2 16 18 4 15
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 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 7 12 7 23
Modified Duration (yrs) 1.59 2.17 1.59 3.53
Average Maturity (yrs) 2.01 3.52 1.80 4.89
Yield to Maturity (%) 4.18 5.04 4.18 5.50
Avg Credit Rating -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 12.23 12.23
up 6.10% GOI 2031 GOI Securities SOV 0.00 - 12.14 12.14
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 7.24 6.43
equal 7.85% LIC Housing Fin. 23/09/2022 Debenture AAA 5.31 - 7.65 6.32
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 7.21 6.26
equal ICICI Securities 222-D 16/03/2022 Commercial Paper A1+ 0.00 - 6.71 6.01
equal Reserve Bank of India 182-D 18/11/2021 Treasury Bills SOV 0.00 - 1.27 1.13

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-Sep-2021

Fund Manager

— 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:

— Shalini Tibrewala since 20-Aug-2021

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

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

Funds Managed:


0.06%

Change from previous, NAV as on 21-Oct-2021

Growth: ₹ 33.0773

IDCW Weekly: ₹ 10.5422

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IDCW Quarterly: ₹ 33.1810

IDCW Monthly: ₹ 33.3385

IDCW Daily: ₹ 10.0499

Half Yearly Bonus: ₹ 33.3609

Bonus: ₹ 33.0892


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: JM Financial Mutual Fund
Launch Date: 25-Jun-2003
Return Since Launch: 6.74%
Benchmark: CRISIL Composite Bond Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 82 Cr (As on 30-Sep-2021)
Expense: 0.99% (As on 30-Sep-2021)
Risk Grade: Low
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily21-Sep-20210.0021

 20-Sep-20210.0088
 16-Sep-20210.0003
 15-Sep-20210.0076
 14-Sep-20210.0001
 13-Sep-20210.0003
 09-Sep-20210.0529
 13-Aug-20210.0054
 12-Aug-20210.0052
 05-Aug-20210.0027
 04-Aug-20210.0029
 03-Aug-20210.0008
 02-Aug-20210.0043
 30-Jul-20210.0027
 29-Jul-20210.0008
 27-Jul-20210.0006
 26-Jul-20210.0002
 11-Jun-20210.0035
 10-Jun-20210.0057
 09-Jun-20210.0022
 08-Jun-20210.0107
 07-Jun-20210.0023
 25-May-20210.0096
 24-May-20210.0034
 21-May-20210.0048
IDCW Weekly21-Sep-20210.0199

 14-Sep-20210.0040
 07-Sep-20210.0139
 31-Aug-20210.0163
 18-Aug-20210.0348
 10-Aug-20210.0040
 03-Aug-20210.0090
 27-Jul-20210.0056
 20-Jul-20210.0075
 08-Jun-20210.0137
 25-May-20210.0237
 18-May-20210.0042
 11-May-20210.0150
 04-May-20210.0133
 27-Apr-20210.0206
 05-Jan-20210.0340
 29-Dec-20200.0100
 22-Dec-20200.0096
 15-Dec-20200.0097
 08-Dec-20200.0057
 24-Nov-20200.0149
 18-Nov-20200.0376
 10-Nov-20200.0120
 27-Oct-20200.0120
 20-Oct-20200.0234

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: http://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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