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Mirae Asset Dynamic Bond Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.72 0.01 0.49 1.81 2.61 3.61 12.33 -- -- -- --
VR Bond 1.60 0.10 0.30 1.43 2.37 3.01 8.80 -- -- -- --
Debt: Dynamic Bond 2.08 0.05 0.38 2.02 2.57 4.00 9.58 -- -- -- --
Rank within category 23 23 8 19 15 20 11 -- -- -- --
Number of funds in category 28 29 29 28 28 28 28 23 22 21 15

As on 17-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.05 (01-Jul-2019 - 08-Jul-2019) -1.45 (05-Apr-2018 - 12-Apr-2018)
Month 4.07 (14-Jun-2019 - 16-Jul-2019) -1.18 (06-Apr-2018 - 07-May-2018)
Quarter 7.54 (16-Apr-2019 - 16-Jul-2019) -1.41 (05-Apr-2018 - 05-Jul-2018)
Year 14.23 (03-Oct-2018 - 03-Oct-2019) 0.14 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
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 -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 2 6 1 20
Modified Duration (yrs) 3.34 6.93 2.62 3.68
Average Maturity (yrs) 4.59 10.61 3.63 5.22
Yield to Maturity (%) 5.76 8.54 5.48 7.10

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 6.45% GOI 2029 GOI Securities SOV 0.00 - 82.47 40.57
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 10.59 10.59

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

— Mahendra Kumar Jajoo since 03-Mar-2017

Education: Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.

Experience: Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.

Funds Managed:


0.01%

Change from previous, NAV as on 17-Feb-2020

Growth: ₹ 12.2179

Dividend: ₹ 12.2179


Investment Strategy

The Scheme seeks to generate optimal returns through active management of a portfolio of debt and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 0.5% for redemption within 182 days

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 24-Mar-2017
Return Since Launch: 7.14%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 49 Cr (As on 31-Jan-2020)
Expense: 1.49% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Above Average

Contact Information

AMC: Mirae Asset Investment Managers (India) Pvt. Ltd.

Address: Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai - 400098

Phone: 022-67800301 / 1800-2090-777

Email: [email protected]

Website: www.miraeassetmf.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

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dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM