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2 star

Aditya Birla Sun Life Dynamic Bond Fund - Regular Plan


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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 8.27 0.06 -0.48 0.98 1.67 8.12 4.06 3.76 5.61 7.42 7.80
VR Bond 6.44 -0.02 0.22 0.84 0.65 2.96 7.40 6.93 7.12 7.77 7.58
Debt: Dynamic Bond 8.51 -0.02 0.33 1.67 1.40 5.09 9.38 7.02 7.63 8.44 8.65
Rank within category 17 3 28 26 8 1 27 21 19 18 13
Number of funds in category 27 28 28 28 28 28 27 23 22 21 15

As on 28-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Aditya Birla Sun Life Dynamic Bond Fund - Regular Plan  | Invest Online
2 star
Sep-04 4.06 3.76 5.61 1.63 1,709
ICICI Prudential All Seasons Bond Fund  | Invest Now
4 star
May-09 12.63 8.75 9.49 1.52 4,529
IDFC Dynamic Bond Fund - Regular Plan
4 star
Dec-08 12.79 9.32 9.06 1.72 2,686
SBI Dynamic Bond Fund
4 star
Feb-04 11.64 8.84 9.18 1.64 2,231
Kotak Dynamic Bond Fund - Regular Plan  | Invest Online
5 star
May-08 11.68 9.48 9.62 1.15 1,726

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.92 (11-Dec-2008 - 18-Dec-2008) -5.31 (18-Nov-2019 - 25-Nov-2019)
Month 4.95 (03-Dec-2008 - 02-Jan-2009) -4.98 (19-Nov-2019 - 19-Dec-2019)
Quarter 7.28 (06-Oct-2008 - 05-Jan-2009) -7.16 (19-Sep-2019 - 19-Dec-2019)
Year 18.36 (02-Dec-2015 - 01-Dec-2016) -1.74 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 3.40 4.55 -0.36 -0.48 1.19 -3.37
VR Bond 6.51 2.09 0.69 1.28 -- --
Debt: Dynamic Bond 6.33 3.22 0.48 0.98 1.14 -0.39
Rank within category 24 24 24 25 13 25
Number of funds in category 26 26 26 26 26 26

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 75 88 62 19
Modified Duration (yrs) 3.36 4.32 3.01 4.21
Average Maturity (yrs) 4.69 6.41 4.18 5.62
Yield to Maturity (%) 7.61 11.50 7.61 5.99
Avg Credit Rating AA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 22.91 5.44
equal 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 3.93 - 5.34 4.84
equal 9.10% India Grid Trust 2022 Debenture AAA 1.21 - 4.20 4.18
equal First Business Receivable Trust Securitised Debt AAA 0.20 - 0.70 3.68
down 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 5.42 3.45
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.00 - 3.13 3.13
equal Tata Housing Devp. Co. 2023 Zero Coupon Bonds AA 0.00 - 3.09 3.09
equal 5.47% Power Finance Corp. 19/08/2023 Debenture AAA 0.00 - 2.92 2.92
equal 8.40% Tata Realty and Infrastructure 2022 Debenture AA 0.00 - 2.90 2.90
equal 8.30% REC 25/03/2029 Non Convertible Debenture AAA 2.33 - 3.32 2.89
equal 9.10% Shriram Transport Finance 2021 Debenture AA+ 0.00 - 2.86 2.86
equal 9.25% Shriram City Union Finance 28/02/2023 Debenture AA 0.00 - 2.32 2.32
equal 8.95% Punjab National Bank Bonds AA 2.13 - 3.77 2.32
equal 10.15% Uttar Pradesh Power Corporation 20/01/2023 Debenture A+ 1.20 - 2.05 2.05
equal 10.15% Uttar Pradesh Power Corporation 19/01/2024 Debenture A+ 1.19 - 2.03 2.03
equal 8.85% REC 16/04/2029 Non Convertible Debenture AAA 1.06 - 1.94 1.93
equal 10.15% Uttar Pradesh Power Corporation 20/01/2025 Debenture A+ 1.17 - 1.92 1.92
equal 8.90% Bharti Telecom 17/02/2022 Non Convertible Debenture AA+ 0.00 - 3.01 1.84
equal Aditya Birla Housing Finance 2022 Debenture AAA 0.00 - 1.80 1.80
new 6.50% Adani Ports and Special Economic Zone 2023 Debenture AA+ 0.00 - 1.75 1.75
equal 9.50% Muthoot Finance 31/01/2022 Debenture AA 0.00 - 1.51 1.51
equal 9.75% Manappuram Finance 31/12/2021 Debenture AA 0.00 - 1.50 1.50
equal 7.85% Bhopal Dhule Transmission 2022 Debenture AAA 0.00 - 2.10 1.49
equal 7.20% Cholamandalam Invest. & Fin. 17/06/2022 Debenture AA+ 0.00 - 1.48 1.48
equal 6.24% Godrej Industries 14/07/2023 Debenture AA 0.00 - 1.46 1.46

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-2020

Fund Manager

— Bhupesh Bameta since 06-Aug-2020

Education: Mr. Bameta has done B.Tech (IIT Kanpur), CFA Charterholder (CFA Institute, USA)

Experience: Prior to joining Aditya Birla Sun Life Mutual Fund as an Analyst, Fixed Income. He was the Head of Research in Forex and Rates Desk at Edelweiss Securities Limited, covering global and Indian forex markets and economies. He was also associated with Quant Capital for 6 years as an Economist and was covering Indian and global economy and markets.

Funds Managed:

— Pranay Sinha since 01-Apr-2017

Education: Mr. Sinha has done B.Tech in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta.

Experience: Prior to joining BSLAMC , he has worked with BNP Paribas Bank (October 2010 - August,2014) , Morgan Stanley Investment Management Pvt. Ltd. (March 2008 - October 2010) and ICICI Prudential Asset Management Co. Ltd. ( October 2005 - March 2008).

Funds Managed:


0.06%

Change from previous, NAV as on 28-Oct-2020

Growth: ₹ 33.7728

Dividend Quarterly: ₹ 10.3073

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Dividend Monthly: ₹ 10.3431

Dividend: ₹ 12.0959

Discipline Advantage Plan: ₹ 23.3604


Investment Strategy

The scheme aims to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market instruments.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) 500
Exit Load For units in excess of 15% of the investment,0.5% will be charged for redemption within 90 days

Basic Details

Fund House: Aditya Birla Sun Life Mutual Fund
Launch Date: 27-Sep-2004
Return Since Launch: 7.85%
Benchmark: NIFTY Composite Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,709 Cr (As on 30-Sep-2020)
Expense: 1.63% (As on 30-Sep-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly30-Sep-20200.1526

 30-Sep-20190.1510
 28-Jun-20190.1459
 29-Mar-20190.1033
 31-Dec-20180.1639
 28-Sep-20180.0791
 29-Jun-20180.0040
 29-Dec-20170.0124
 29-Sep-20170.1867
 30-Jun-20170.2204
 30-Mar-20170.2212
 30-Dec-20160.2358
 30-Sep-20160.2317
 30-Jun-20160.2305
 30-Mar-20160.2253
 31-Dec-20150.2378
 30-Sep-20150.2355
 30-Jun-20150.2407
 30-Mar-20150.2355
 31-Dec-20140.2348
 30-Sep-20140.2550
 30-Jun-20140.2602
 28-Mar-20140.2421
 31-Dec-20130.2571
 30-Sep-20130.3832
Dividend Monthly25-Sep-20200.0469

 28-Aug-20200.0474
 31-Jul-20200.0581
 26-Jun-20200.0461
 25-Oct-20190.0401
 27-Sep-20190.0459
 30-Aug-20190.0575
 26-Jul-20190.0456
 28-Jun-20190.0454
 31-May-20190.0564
 26-Apr-20190.0455
 29-Mar-20190.0617
 22-Feb-20190.0501
 25-Jan-20190.0505
 28-Dec-20180.0502
 30-Nov-20180.0621
 26-Oct-20180.0429
 28-Sep-20180.0430
 31-Aug-20180.0540
 27-Jul-20180.0431
 29-Jun-20180.0540
 25-May-20180.0434
 27-Apr-20180.0378
 03-Apr-20180.0523
 23-Feb-20180.0230
Dividend22-Mar-20190.5186

 16-Mar-20180.5200
 24-Mar-20170.6067

Contact Information

AMC: Aditya Birla Sun Life AMC Ltd.

Address: One India Bulls Center - Tower 1, 17th Floor - Jupiter Mills Compound, 841 Senapati Bhawan, Elphinstone Road, Mumbai - 400013

Phone: 022-43568000 / 1800-270-7000 / 1800-22-7000

Fax: 022-43568110

Website: http://mutualfund.adityabirlacapital.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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