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IIFL Dynamic Bond Fund - Direct Plan download report


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 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
IIFL Dynamic Bond Direct-G 0.44 0.04 0.27 -0.55 -0.63 0.78 4.08 6.74 6.90 7.09 --
VR Bond -0.46 -0.01 0.03 -0.32 -0.88 -0.49 1.53 4.84 5.38 6.02 --
Debt: Dynamic Bond -0.23 -0.03 0.04 -0.31 -0.51 -0.05 2.89 6.80 6.43 7.36 --
Rank within category 5 1 2 13 11 5 4 13 8 11 --
Number of funds in category 25 25 25 25 25 25 24 23 21 19 0

As on 20-May-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IIFL Dynamic Bond Fund - Direct Plan
5 star
Jun-13 4.08 6.74 6.90 0.27% 651
ICICI Prudential All Seasons Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 2.89 8.23 7.82 0.62% 5,993
Kotak Dynamic Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 2.71 7.69 7.80 0.22% 2,238
HDFC Dynamic Debt Fund - Direct Plan  | Invest Online
5 star
Jan-13 6.76 7.54 5.60 0.49% 517
Nippon India Dynamic Bond Fund - Direct Plan  | Invest Online
2 star
Jan-13 0.97 6.41 6.03 0.28% 4,494

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.66 19-Aug-2013 - 26-Aug-2013 -3.38 12-Aug-2013 - 19-Aug-2013
Month 4.27 20-Aug-2013 - 19-Sep-2013 -5.51 19-Jul-2013 - 19-Aug-2013
Quarter 7.01 22-Oct-2014 - 21-Jan-2015 -5.39 25-Jun-2013 - 24-Sep-2013
Year 18.37 04-Apr-2014 - 06-Apr-2015 2.73 11-Jul-2013 - 11-Jul-2014

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
IIFL Dynamic Bond Direct-G 6.97 1.64 2.09 3.41 0.41 2.77
VR Bond 5.18 2.13 0.78 1.13 -- --
Debt: Dynamic Bond 6.98 3.38 1.15 1.88 1.01 1.79
Rank within category 14 3 1 2 2 4
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-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 29 32 27 25
Modified Duration (yrs) 3.69 3.69 3.11 2.47
Average Maturity (yrs) 5.91 5.91 4.09 3.66
Yield to Maturity (%) 6.91 6.91 5.76 5.71
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 9.38 - 10.72 10.72
equal 8.90% State Bank of India Additional Tier 2 Bond AAA 5.65 - 6.40 6.40
equal 9.15% ICICI Bank Additional Tier 1 Bond AA+ 5.53 - 6.35 6.35
equal 9.15% GOI 14/11/2024 Central Government Loan SOV 4.44 - 8.09 4.93
equal 7.75% LIC Housing Fin. 23/07/2024 Debenture AAA 2.20 - 4.73 4.73
equal Tata Capital Housing Finance 24/01/2024 Zero Coupon Bonds AAA 3.51 - 4.15 4.15
equal 8.99% Bank of Baroda Additional Tier 1 Bond AA+ 3.53 - 3.99 3.99
equal 7.84% Maharashtra State 13/07/2026 State Development Loan SOV 3.57 - 3.97 3.97
equal 7.17% Power Finance Corporation 22/05/2025 Debenture AAA 3.47 - 7.59 3.91
equal 7.25% Embassy Office Parks REIT 2023 Non Convertible Debenture AAA 3.39 - 3.89 3.89
equal 6.88% REC 20/03/2025 Debenture AAA 3.44 - 3.89 3.89
equal 6.75% Sikka Ports and Terminals 22/04/2026 Debenture AAA 0.00 - 3.81 3.81
equal 5.78% HDFC-Warrant 11/2025 Debenture AAA 2.14 - 3.74 3.74
equal 6.95% Power Finance Corporation 2031 Debenture AAA 0.00 - 3.74 3.74
equal 6.40% Jamnagar Utilities and Power 29/09/2026 Non Convertible Debenture AAA 0.00 - 3.73 3.73
equal Powergrid Infrastructure Investment Trust Infrastructure Investment Trust -- 1.28 - 2.99 2.99
equal 5.74% GOI 15/11/2026 GOI Securities SOV 0.00 - 3.50 2.96
equal 8.30% Indian Railway Finance Corporation 25/03/2029 Debenture AAA 0.00 - 2.43 2.43
equal 8.40% India Grid Trust 14/06/2023 Debenture AAA 2.05 - 2.36 2.36
equal 7.17% GOI 2028 GOI Securities SOV 2.10 - 3.03 2.33
equal 5.58% Cholamandalam Investment & Finance Company 20/09/2023 Debenture AA+ 0.00 - 2.29 2.29
equal 8.50% State Bank of India Additional Tier 1 Bond AA+ 1.38 - 1.57 1.57
equal 8.55% ICICI Bank Additional Tier 1 Bond AA+ 1.37 - 1.55 1.55
equal 7.69% Gujarat State 20/12/2027 State Development Loan SOV 0.00 - 0.79 0.79
equal 8.85% India Grid Trust 2022 Non Convertible Debenture AAA 0.69 - 0.78 0.78

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-Apr-2022

Fund Manager

— Milan Mody since 02-Mar-2021

Education: Mr. Mody has done B.Com & MBA in Finance

Experience: Prior to joining ITI Mutual Fund he has worked with ZyFin Research Private Ltd, Sahara India Life Insurance Company Ltd, He was also associated with Darashaw and BRICS securities.

Funds Managed:


0.04%

Change from previous, NAV as on 20-May-2022

Growth: ₹ 18.6401

IDCW Quarterly: ₹ 17.2034

IDCW Monthly: ₹ 12.5774


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

Min. Investment (₹) 10,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. 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: 7.24%
Benchmark: CRISIL Dynamic Bond Fund CIII Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 651 Cr (As on 30-Apr-2022)
Expense: 0.27% (As on 30-Apr-2022)
Risk Grade: Low
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly26-Apr-20220.0500

 29-Mar-20220.0500
 22-Feb-20220.0500
 25-Jan-20220.0500
 28-Dec-20210.0500
 30-Nov-20210.0500
 26-Oct-20210.0500
 28-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
IDCW Quarterly06-Apr-20150.2889

Contact Information

AMC: IIFL Asset Management Limited

Address: IIFL Centre-7th Floor, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai - 400013

Phone: +91-22-48765461

Fax: 022-46464706

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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