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4 star

IIFL Dynamic Bond Fund - Regular Plan


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 4.66 0.05 0.02 -0.01 1.58 4.04 6.52 7.48 6.85 7.53 --
VR Bond 1.69 0.02 -0.05 -0.30 1.29 1.77 2.89 6.72 5.84 6.86 --
Debt: Dynamic Bond 3.01 0.08 0.00 0.17 1.56 3.17 4.43 7.79 6.31 7.69 --
Rank within category 3 21 11 8 7 3 3 16 8 11 --
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)
IIFL Dynamic Bond Fund - Regular Plan
4 star
Jun-13 6.52 7.48 6.85 0.52% 754
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 3.65 19-Aug-2013 - 26-Aug-2013 -3.39 12-Aug-2013 - 19-Aug-2013
Month 4.23 20-Aug-2013 - 19-Sep-2013 -5.55 19-Jul-2013 - 19-Aug-2013
Quarter 6.87 22-Oct-2014 - 21-Jan-2015 -5.51 25-Jun-2013 - 24-Sep-2013
Year 17.77 04-Apr-2014 - 06-Apr-2015 2.22 11-Jul-2013 - 11-Jul-2014

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.39 1.63 2.11 3.40 0.38 2.36
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 17 3 2 3 3 3
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 30 30 25 23
Modified Duration (yrs) 3.11 3.66 2.03 3.53
Average Maturity (yrs) 4.09 4.86 2.75 4.89
Yield to Maturity (%) 5.76 6.32 5.03 5.50
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.69% Mindspace Business Parks REIT 17/05/2024 Debenture AAA 0.00 - 10.27 9.38
equal 8.90% State Bank of India Additional Tier 2 Bond AAA 5.65 - 6.77 5.65
equal 9.15% ICICI Bank Additional Tier 1 Bond AA+ 4.49 - 6.03 5.53
down 9.15% GOI 14/11/2024 Central Government Loan SOV 4.44 - 8.78 4.44
up 7.75% LIC Housing Fin. 23/07/2024 Debenture AAA 2.16 - 4.20 4.20
equal 5.85% REC 20/12/2025 Non Convertible Debenture AAA 0.00 - 4.32 3.98
equal 7.84% Maharashtra State 13/07/2026 State Development Loan SOV 0.00 - 3.88 3.57
equal 8.99% Bank of Baroda Additional Tier 1 Bond AA+ 0.00 - 3.76 3.53
equal Tata Capital Housing Finance 24/01/2024 Zero Coupon Bonds AAA 0.00 - 3.86 3.51
down 7.17% Power Finance Corporation 22/05/2025 Debenture AAA 0.00 - 7.61 3.47
equal 6.88% REC 20/03/2025 Debenture AAA 0.00 - 3.75 3.44
equal 7.25% Embassy Office Parks REIT 2023 Non Convertible Debenture AAA 3.14 - 3.68 3.39
equal 6.75% Sikka Ports and Terminals 22/04/2026 Debenture AAA 0.00 - 3.64 3.39
equal 7.60% Muthoot Finance 20/04/2026 Debenture AA+ 0.00 - 3.61 3.35
equal 5.78% HDFC-Warrant 11/2025 Debenture AAA 0.00 - 3.57 3.31
equal 6.97% GOI 2026 GOI Securities SOV 0.00 - 3.01 2.79
equal 7.62% Export-Import Bank 2026 Bonds AAA 0.00 - 2.33 2.13
equal 8.95% Jamnagar Utilities and Power 26/04/2023 Debenture AAA 2.11 - 2.61 2.11
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 3.03 2.10
up Powergrid Infrastructure Investment Trust Infrastructure Investment Trust -- 0.00 - 2.06 2.06
equal 8.40% India Grid Trust 14/06/2023 Debenture AAA 2.05 - 2.47 2.05
new 5.58% Cholamandalam Investment & Finance Company 20/09/2023 Debenture AA+ 0.00 - 1.99 1.99
new 7.59% GOI 2026 GOI Securities SOV 0.00 - 1.42 1.42
equal 8.50% State Bank of India Additional Tier 1 Bond AA+ 0.00 - 1.49 1.38
equal 8.55% ICICI Bank Additional Tier 1 Bond AA+ 1.37 - 1.65 1.37

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

— Rahul K Nambiar since 19-Jan-2021

Education: Mr. Nambiar is a MBA

Experience: Prior to joining IIFL Asset Management Limited, he was a part of the Wealth Management industry as Product Manager – Bonds, Yes Bank Ltd and ICICI Securities Ltd. He has also worked in the Wholesale Debt Market(WDB) broking industry.

Funds Managed:


0.05%

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

Growth: ₹ 17.5863

IDCW Quarterly: ₹ 16.9707

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IDCW Monthly: ₹ 12.0712

IDCW Half Yearly: ₹ 16.9707

Bonus: ₹ 17.5863


Investment Strategy

The scheme seeks to generate income and long term gains by investing in a range of debt & money market instruments of various maturities.

Investment Details

Minimum Investment (₹) 10,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: IIFL Mutual Fund
Launch Date: 24-Jun-2013
Return Since Launch: 7.01%
Benchmark: CRISIL Composite Bond Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 754 Cr (As on 30-Sep-2021)
Expense: 0.52% (As on 30-Sep-2021)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly28-Sep-20210.0500

 31-Aug-20210.0500
 27-Jul-20210.0500
 29-Jun-20210.0500
 25-May-20210.0500
 27-Apr-20210.0500
 30-Mar-20210.0500
 23-Feb-20210.0500
 27-Jan-20210.0500
 29-Dec-20200.0500
 24-Nov-20200.0500
 27-Oct-20200.0500
 29-Sep-20200.0500
 25-Aug-20200.0500
 28-Jul-20200.0500
 30-Jun-20200.0500
 26-May-20200.0500
 28-Apr-20200.0500
 31-Mar-20200.0360
 25-Feb-20200.0360
 28-Jan-20200.0360
 31-Dec-20190.0360
 26-Nov-20190.0360
 29-Oct-20190.0360
 24-Sep-20190.0360
IDCW Half Yearly06-Apr-20150.2889
IDCW Quarterly06-Apr-20150.2889

Contact Information

AMC: IIFL Asset Management Limited

Address: IIFL Centre-6th Floor, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai - 400013

Phone: 022-42499000 / 1800-200-2267

Fax: 022-24954310

Email: [email protected]

Website: http://www.iiflmf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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