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SBI Dynamic Bond Fund

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Debt: Dynamic Bond

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1 Lakh

Investment Grown to
₹ 1.09 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 -0.33 -0.02 0.07 -0.11 0.47 1.44 9.43 9.27 9.24 9.18 9.12
VR Bond 0.09 -0.03 0.06 0.30 1.29 1.73 7.27 7.27 7.17 7.64 7.57
Debt: Dynamic Bond -0.16 -0.02 0.02 0.01 1.03 2.16 9.01 7.63 7.86 8.36 8.58
Rank within category 24 21 9 23 25 25 11 5 3 5 4
Number of funds in category 27 27 27 27 27 27 26 23 22 21 15

As on 25-Jan-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
SBI Dynamic Bond Fund
4 star
 Feb-04 9.43 9.27 9.24 1.64 2,659
ICICI Prudential All Seasons Bond Fund  | Invest Now
4 star
 May-09 11.09 9.23 9.97 1.59 5,290
IDFC Dynamic Bond Fund - Regular Plan
4 star
 Dec-08 11.86 10.03 9.19 1.67 3,100
Kotak Dynamic Bond Fund - Regular Plan  | Invest Online
5 star
 May-08 10.80 9.79 9.60 1.16 2,607
DSP Strategic Bond Fund - Regular Plan  | Invest Online
4 star
 May-07 11.67 9.59 8.57 1.19 1,778

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 9.04 3.43 1.25 2.16 1.50 0.78
VR Bond 7.10 2.02 1.15 1.94 -- --
Debt: Dynamic Bond 7.36 3.17 0.93 1.66 1.13 -0.04
Rank within category 5 18 9 9 22 10
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 31-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 9 15 5 22
Modified Duration (yrs) 4.35 8.34 3.44 4.28
Average Maturity (yrs) 5.79 13.87 4.52 5.52
Yield to Maturity (%) 5.07 6.68 5.07 5.52
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 5.85% GOI 2030 GOI Securities SOV 0.00 - 22.44 15.02
new 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 12.83 12.83
up 6.45% GOI 2029 GOI Securities SOV 0.00 - 24.97 10.80
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 17.63 7.13
equal 6.79% BSNL 23/09/2030 Non Convertible Debenture AAA 0.00 - 7.32 6.24
new 6.85% MTNL 20/12/2030 Debenture AAA 0.00 - 4.71 4.71
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 21.08 4.11
new 7.17% GOI 2028 GOI Securities SOV 0.00 - 29.56 4.07
up 5.77% GOI 2030 GOI Securities SOV 0.00 - 14.08 3.17

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-Dec-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:

-0.02%

Change from previous, NAV as on 25-Jan-2021

Growth: ₹ 27.6572

Dividend: ₹ 14.4993

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: 6.18%
Benchmark: NIFTY Composite Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,659 Cr (As on 31-Dec-2020)
Expense: 1.64% (As on 31-Dec-2020)
Risk Grade: Average
Return Grade: Above Average

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: http://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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