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3 star

Nippon India Dynamic Bond Fund


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

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 8.53 0.23 0.63 1.63 6.73 8.27 10.17 7.11 8.38 8.20 8.70
VR Bond 5.37 -0.04 0.27 0.74 3.20 5.11 7.37 7.05 7.51 7.59 7.59
Debt: Dynamic Bond 6.87 0.06 0.67 1.69 5.26 6.60 9.57 6.66 7.95 8.00 8.50
Rank within category 4 1 8 16 5 4 11 12 10 12 6
Number of funds in category 27 28 28 28 28 27 27 23 22 21 14

As on 09-Jul-2020

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 10.17 7.11 8.38 0.68 721
ICICI Prudential All Seasons Bond Fund  | Invest Now
4 star
May-09 12.11 8.22 9.82 1.34 2,980
IDFC Dynamic Bond Fund - Regular Plan
4 star
Dec-08 13.56 9.01 9.54 1.78 2,182
SBI Dynamic Bond Fund
5 star
Feb-04 12.31 8.58 9.68 1.66 1,507
DSP Strategic Bond Fund - Regular Plan  | Invest Online
4 star
May-07 15.50 8.64 9.00 1.11 1,477

Best & Worst Performance

Best (Period) Worst (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 6.66 3.50 0.39 0.94 1.60 -0.93
VR Bond 6.73 1.95 0.74 1.57 -- --
Debt: Dynamic Bond 6.19 3.17 0.41 1.03 1.13 -0.72
Rank within category 14 21 16 15 26 18
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 14 30 8 17
Modified Duration (yrs) 5.20 6.11 3.88 --
Average Maturity (yrs) 7.27 8.64 5.23 --
Yield to Maturity (%) 5.78 6.95 5.78 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.27% GOI 2026 GOI Securities SOV 0.00 - 46.43 16.86
new 7.17% Gujarat State 2030 State Development Loan SOV 0.00 - 14.53 14.53
down 7.83% Maharashtra State 2030 State Development Loan SOV 0.00 - 14.59 9.87
new 7.09% Karnataka State 18/03/2030 State Development Loan SOV 0.00 - 7.25 7.25
new 7.55% REC 2030 Debenture AAA 0.00 - 6.14 6.14
down 7.60% Maharashtra State 15/04/2030 State Development Loan SOV 0.00 - 14.37 5.98
up 7.75% Tamilnadu State 2030 State Development Loan SOV 0.00 - 5.29 5.29
new 7.79% Power Finance Corp. 22/07/2030 Non Convertible Debenture AAA 0.00 - 4.17 4.17
new 7.91% Kerala State 2030 State Development Loan SOV 0.00 - 3.82 3.82
new 7.27% Maharashtra State 15/01/2030 State Development Loan SOV 0.00 - 2.93 2.93
new 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 28.47 1.49
new 6.54% Maharashtra State 27/05/2030 State Development Loan SOV 0.00 - 1.20 1.20
down 8.15% GOI 24/11/2026 Central Government Loan SOV 0.00 - 7.56 0.77
equal 8.71% Uttar Pradesh State 31/12/2020 State Development Loan SOV 0.00 - 0.28 0.28

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-May-2020

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:


0.23%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 28.3413

Dividend Quarterly: ₹ 10.5098

Dividend: ₹ 19.0630


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
Exit Load 1% for redemption within 30 days

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 15-Nov-2004
Return Since Launch: 6.88%
Benchmark: CRISIL Dynamic Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 721 Cr (As on 31-May-2020)
Expense: 0.68% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly22-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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