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Aditya Birla Sun Life Dynamic Bond Fund - Regular Plan

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Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.20 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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cal

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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 2.61 0.15 0.11 1.76 -2.06 -2.83 2.85 3.85 5.70 7.21 7.62
VR Bond 1.75 0.07 0.37 1.53 2.32 3.35 8.96 6.97 7.16 7.54 7.44
Debt: Dynamic Bond 2.08 0.20 0.13 1.77 2.33 3.69 9.27 6.40 7.05 7.87 8.24
Rank within category 12 22 20 17 29 29 26 21 19 16 13
Number of funds in category 29 30 30 29 29 29 29 24 23 22 15

As on 24-Feb-2020

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) -1.69 (19-Dec-2018 - 19-Dec-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 2.37 4.58 -0.72 -0.90 1.52 -3.84
VR Bond 6.03 2.13 0.17 0.31 -- --
Debt: Dynamic Bond 5.19 3.21 0.04 0.15 1.10 -0.88
Rank within category 25 24 25 25 26 26
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-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 84 88 59 20
Modified Duration (yrs) 3.08 4.54 2.27 3.64
Average Maturity (yrs) 4.30 6.92 3.25 5.13
Yield to Maturity (%) 9.05 12.43 8.19 7.02

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 0.00 - 6.54 4.18
equal 8.40% JSW Energy 18/09/2020 Non Convertible Debenture AA- 0.00 - 3.94 3.94
equal 8.95% Punjab National Bank Bonds AA 2.30 - 3.73 3.73
down 8.30% IRFC 25/03/2029 Debenture AAA 0.00 - 4.08 3.71
up 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 3.09 3.09
new 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.00 - 2.98 2.98
equal 7.24% REC 31/12/2022 Non Convertible Debenture AAA 0.00 - 2.97 2.97
equal 7.79% LIC Housing Fin. 18/10/2024 Debenture AAA 0.00 - 2.97 2.97
new 7.27% IRFC 15/06/2027 Bonds AAA 0.00 - 2.95 2.95
equal 9.10% India Grid Trust 2022 Debenture AAA 0.00 - 2.80 2.80
equal 8.30% REC 25/03/2029 Non Convertible Debenture AAA 0.00 - 3.43 2.71
equal 8.99% Bank of Baroda Non Convertible Debenture AA+ 0.00 - 2.59 2.59
equal Aditya Birla Finance 2022 Debenture AAA 0.00 - 2.26 2.26
equal 9.05% HDFC 20/11/2023 Debenture AAA 0.00 - 2.08 2.08
equal 9.53% Allahabad Bank 27/12/2029 Debenture AA- 0.00 - 2.06 2.06
new 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 0.00 - 2.04 2.04
new First Business Receivable Trust Securitised Debt AAA 0.00 - 0.43 2.00
equal 9.10% Union Bank of India Non Convertible Debenture AA 1.15 - 1.98 1.98
new 8.75% Vedanta 30/06/2022 Non Convertible Debenture AA 0.00 - 1.97 1.97
new 8.10% Tata Capital Housing Finance 14/01/2023 Non Convertible Debenture AAA 0.00 - 1.90 1.90
equal 7.85% Bhopal Dhule Transmission 2022 Debenture AAA 0.00 - 1.74 1.74
equal 9.15% ICICI Bank Debenture AA+ 0.00 - 1.62 1.62
new 7.44% Bank of Baroda 2030 Debenture AAA 0.00 - 1.58 1.58
equal 8.48% Power Finance Corp. 2024 Bonds AAA 0.00 - 1.44 1.44
equal 10.15% Uttar Pradesh Power Corporation 20/01/2021 Debenture A+ 0.84 - 1.40 1.40

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-Jan-2020

Fund Manager

— Maneesh Dangi since 12-Sep-2007

Education: Mr. Dangi is an MBA and FRM.

Experience: Prior to joining Birla Sun Life Asset Management Company he has worked with Pioneer Investcorp.

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:

Invest Online
0.15%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 32.0078

Dividend Quarterly: ₹ 9.9148

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Dividend Monthly: ₹ 9.9946

Dividend: ₹ 11.4642

Discipline Advantage Plan: ₹ 22.1410

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: 7.84%
Benchmark: NIFTY Composite Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,536 Cr (As on 31-Jan-2020)
Expense: 1.40% (As on 31-Jan-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly25-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
 29-Jan-20180.0426
 29-Dec-20170.0488
 24-Nov-20170.0487
 27-Oct-20170.0491
Dividend Quarterly30-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
 24-May-20130.1937
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: 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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