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Nippon India Dynamic Bond Fund

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Debt: Dynamic Bond

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1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.20 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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(₹)
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 -3.25 -0.35 -1.04 -3.28 -2.77 -0.09 5.38 7.42 7.48 8.19 8.33
VR Bond -0.92 -0.09 -0.30 -1.10 -0.44 1.41 4.49 7.03 6.91 7.48 7.37
Debt: Dynamic Bond -1.34 -0.13 -0.33 -1.23 -0.83 2.00 6.05 7.44 7.55 8.17 8.38
Rank within category 26 26 26 26 26 26 21 15 12 11 8
Number of funds in category 26 26 26 26 26 26 26 23 22 21 15

As on 26-Feb-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Dynamic Bond Fund  | Invest Online
3 star
 Nov-04 5.38 7.42 7.48 0.68 2,748
ICICI Prudential All Seasons Bond Fund  | Invest Now
5 star
 May-09 8.66 9.26 9.91 1.49 5,472
IDFC Dynamic Bond Fund - Regular Plan
4 star
 Dec-08 6.87 9.56 8.69 1.64 3,205
SBI Dynamic Bond Fund
4 star
 Feb-04 6.32 9.37 9.01 1.64 2,901
Kotak Dynamic Bond Fund - Regular Plan  | Invest Online
5 star
 May-08 6.83 9.21 9.12 1.21 2,763

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 4.11 19-Aug-2013 - 26-Aug-2013 -3.49 12-Aug-2013 - 19-Aug-2013
Month 5.08 08-Apr-2020 - 08-May-2020 -5.18 19-Jul-2013 - 19-Aug-2013
Quarter 8.01 12-Sep-2014 - 12-Dec-2014 -8.46 20-May-2013 - 19-Aug-2013
Year 17.48 26-Feb-2014 - 27-Feb-2015 -1.06 11-Sep-2017 - 11-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.03 3.83 0.88 1.96 1.60 -0.57
VR Bond 7.12 2.02 1.21 2.04 -- --
Debt: Dynamic Bond 7.39 3.17 0.96 1.72 1.12 -0.04
Rank within category 11 21 18 11 24 19
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-Jan-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 51 51 11 23
Modified Duration (yrs) 6.57 6.78 4.54 --
Average Maturity (yrs) 9.15 9.59 5.94 --
Yield to Maturity (%) 6.38 6.58 5.78 --
Avg Credit Rating -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.60% Tamilnadu State 2030 State Development Loan SOV 0.00 - 15.81 7.85
equal 7.83% Maharashtra State 2030 State Development Loan SOV 0.00 - 23.58 6.34
equal 6.86% Karnataka State 2030 State Development Loan SOV 0.00 - 5.84 5.21
equal 6.33% Tamilnadu State 22/07/2030 State Development Loan SOV 0.00 - 5.40 5.13
equal 6.52% Karnataka State 16/12/2030 State Development Loan SOV 0.00 - 5.31 5.05
equal 6.65% Gujarat State 26/08/2030 State Development Loan SOV 0.00 - 8.76 5.03
equal 6.70% Gujarat State 23/09/2030 State Development Loan SOV 0.00 - 5.43 4.76
equal 6.67% Maharashtra State 2031 State Development Loan SOV 0.00 - 5.24 4.36
equal 6.97% Karnataka State 30/09/2031 State Development Loan SOV 0.00 - 5.20 4.31
equal 7.17% Gujarat State 2030 State Development Loan SOV 0.00 - 14.53 3.80
new 6.53% Tamilnadu State 2031 State Development Loan SOV 0.00 - 3.64 3.64
equal 7.04% Gujarat State 18/03/2030 State Development Loan SOV 0.00 - 4.09 3.39
equal 6.97% Karnataka State 26/02/2030 State Development Loan SOV 0.00 - 4.72 3.37
equal 6.63% Maharashtra State 14/10/2030 State Development Loan SOV 0.00 - 3.49 3.00
equal 6.58% Karnataka State 2030 State Development Loan SOV 0.00 - 9.85 2.74
equal 7.09% Karnataka State 18/03/2030 State Development Loan SOV 0.00 - 7.48 2.33
equal 6.61% Karnataka State 14/10/2030 State Development Loan SOV 0.00 - 2.68 2.23
new National Bank Agr. Rur. Devp 164-D 01/02/2021 Commercial Paper A1+ 0.00 - 1.82 1.82
new 6.57% Gujarat State 27/01/2031 State Development Loan SOV 0.00 - 1.82 1.82
equal 7.60% Maharashtra State 15/04/2030 State Development Loan SOV 0.00 - 14.37 1.56
equal 6.56% Maharashtra State 21/10/2030 State Development Loan SOV 0.00 - 1.81 1.50
equal 6.73% Tamilnadu State 13/05/2030 State Development Loan SOV 0.00 - 3.56 1.46
equal 7.75% Tamilnadu State 2030 State Development Loan SOV 0.00 - 5.29 1.38
equal 6.54% Gujarat State 2030 State Development Loan SOV 0.00 - 1.63 1.36
equal 6.84% Gujarat State 2030 State Development Loan SOV 0.00 - 1.57 1.30

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-2021

Fund Manager

— Prashant R Pimple since 06-Oct-2008

Education: Mr. Pimple is a MBA (Finance) and CTM.

Experience: Prior to joining Reliance Mutual Fund he has worked with Fidelity Mutual Fund, ICICI Bank, Bank of Bahrain & Kuwait, Saraswat Co-op Bank Ltd. and SIDBI.

Funds Managed:

— Vivek Sharma since 25-Jun-2020

Education: Mr. Vivek Sharma is a B.E (Electronics) and PGDM (Finance).

Experience: He has been associated with Reliance AMC since 2006.

Funds Managed:

Invest Online
-0.35%

Change from previous, NAV as on 26-Feb-2021

Growth: ₹ 28.1304

Dividend Quarterly: ₹ 10.0864

Dividend: ₹ 18.9211

Investment Strategy

The scheme aims to generate regular income and capital appreciation through investment in debt instruments and related securities besides preservation of capital The scheme can also invest in money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 60
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 15-Nov-2004
Return Since Launch: 6.55%
Benchmark: CRISIL Dynamic Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,748 Cr (As on 31-Jan-2021)
Expense: 0.68% (As on 31-Jan-2021)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly21-Dec-20200.2542

 21-Sep-20200.0986
 22-Jun-20200.6131
 20-Mar-20200.2472
 20-Dec-20190.0493
 20-Sep-20190.1811
 20-Jun-20190.2718
 20-Mar-20190.0288
 20-Dec-20180.2005
 21-Sep-20180.0245
 20-Sep-20170.0761
 20-Jun-20170.2787
 20-Dec-20160.3265
 20-Sep-20160.4031
 20-Jun-20160.1628
 21-Mar-20160.0504
 21-Dec-20150.0662
 21-Sep-20150.1304
 20-Mar-20150.2108
 22-Dec-20140.4554
 22-Sep-20140.1274
 20-Jun-20140.3008
 20-Mar-20140.1170
 20-Jun-20130.3253
 20-Mar-20130.0995
Dividend28-Mar-20160.5543

 25-Mar-20150.9070
 22-Sep-20140.4881
 25-Mar-20140.4295
 25-Mar-20131.4122
 21-Mar-20120.5638

Contact Information

AMC: Nippon India Life Asset Management Ltd.

Address: Reliance Centre, 7th Floor, South Wing Off Western Express Highway Santacruz (East) Mumbai - 400055

Phone: 022-68334800 / 18602660111

Fax: 022-33037662

Email: [email protected]

Website: http://www.nipponindiamf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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