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SBI Dynamic Bond Fund


1 Lakh

Investment Grown to
₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 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 6.68 -0.24 -0.27 1.73 4.01 7.34 14.17 8.50 9.31 8.18 9.27
VR Bond 4.40 -0.04 0.10 0.96 2.45 4.85 8.63 7.11 7.40 7.42 7.53
Debt: Dynamic Bond 4.81 -0.10 -0.08 1.46 2.54 4.96 8.65 6.36 7.49 7.58 8.34
Rank within category 4 29 29 11 5 4 4 3 3 8 2
Number of funds in category 28 29 29 29 29 28 28 24 23 21 14

As on 01-Jun-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 5.00 (19-Aug-2013 - 26-Aug-2013) -4.45 (12-Aug-2013 - 19-Aug-2013)
Month 5.25 (19-Aug-2013 - 18-Sep-2013) -6.10 (19-Jul-2013 - 19-Aug-2013)
Quarter 8.02 (16-Apr-2019 - 16-Jul-2019) -8.76 (20-May-2013 - 19-Aug-2013)
Year 17.23 (07-Dec-2015 - 06-Dec-2016) -4.31 (24-Jan-2008 - 23-Jan-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.44 3.30 0.93 2.30 1.48 0.74
VR Bond 6.95 1.98 0.79 1.73 -- --
Debt: Dynamic Bond 6.35 3.20 0.43 1.07 1.14 -0.82
Rank within category 3 19 5 5 24 6
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-May-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 8 16 7 17
Modified Duration (yrs) 6.71 6.71 2.68 --
Average Maturity (yrs) 10.63 10.63 3.82 --
Yield to Maturity (%) 6.47 7.81 6.22 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 30.67 30.67
up 7.17% GOI 2028 GOI Securities SOV 0.00 - 29.56 29.56
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 29.23 17.63
equal 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 2.56 - 8.79 7.60
new 7.16% GOI 20/09/2050 GOI Securities SOV 0.00 - 4.57 4.57
equal 7.08% IRFC 28/02/2030 Debenture AAA 0.00 - 3.34 3.30
down 8.24% GOI 2033 Central Government Loan SOV 0.00 - 3.01 2.53
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 1.22 - 1.62 1.22

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-2020

Fund Manager

— Dinesh Ahuja since 18-Jan-2011

Education: Mr. Ahuja is a B.Com (H) and MMS (Finance).

Experience: Prior to joining SBI AMC he has worked with L&T Investment management Ltd., Reliance Asset Management Ltd and Reliance General insurance Company Ltd.

Funds Managed:


-0.24%

Change from previous, NAV as on 01-Jun-2020

Growth: ₹ 26.8225

Dividend: ₹ 14.0616


Investment Strategy

The scheme seeks to provide investors attractive returns through investment in an actively managed portfolio of high quality debt securities of varying maturities.

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 (₹) 1,000
Exit Load For units in excess of 10% of the investment,0.25% will be charged for redemption within 30 days

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 09-Feb-2004
Return Since Launch: 6.23%
Benchmark: NIFTY Composite Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,352 Cr (As on 30-Apr-2020)
Expense: 1.66% (As on 30-Apr-2020)
Risk Grade: Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend27-Dec-20190.1441

 27-Sep-20190.1441
 28-Jun-20190.1441
 29-Mar-20190.1441
 28-Dec-20180.1441
 07-Sep-20180.1441
 23-Mar-20180.1445
 29-Dec-20170.1445
 29-Sep-20170.1445
 30-Jun-20170.1733
 24-Mar-20170.1083
 30-Dec-20160.1445
 30-Sep-20160.1445
 30-Jun-20160.1445
 23-Mar-20160.1083
 23-Dec-20150.1445
 24-Sep-20150.1445
 26-Jun-20150.0903
 20-Mar-20150.1815
 29-Dec-20140.1815
 29-Sep-20140.1340
 27-Jun-20140.2338
 28-Mar-20140.1091
 03-Jan-20140.1948
 25-Mar-20130.2202

Contact Information

AMC: SBI Funds Management Ltd

Address: 9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai - 400051

Phone: 022-61793000 / 1800-425-5425

Fax: 022-22189663

Email: [email protected]

Website: www.sbimf.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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