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4 star

Mirae Asset Dynamic Bond Fund - Direct Plan


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.55 0.05 0.34 0.53 2.17 1.87 4.19 10.10 -- -- --
VR Bond 0.75 0.04 0.20 0.24 1.61 0.97 3.50 7.16 -- -- --
Debt: Dynamic Bond 1.58 0.08 0.43 0.80 2.84 2.10 6.36 8.75 -- -- --
Rank within category 11 18 16 22 22 13 24 7 -- -- --
Number of funds in category 26 27 27 27 26 26 26 24 22 21 0

As on 11-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mirae Asset Dynamic Bond Fund - Direct Plan  | Invest Online
4 star
Mar-17 4.19 10.10 -- 0.50 146
ICICI Prudential All Seasons Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 8.51 10.48 10.04 0.66 5,793
IDFC Dynamic Bond Fund - Direct Plan
4 star
Jan-13 5.29 11.15 9.54 0.73 3,857
SBI Dynamic Bond Fund - Direct Plan
4 star
Jan-13 4.20 10.25 9.20 0.87 3,135
Kotak Dynamic Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 7.64 10.75 9.65 0.52 2,282

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.87 16-Apr-2020 - 23-Apr-2020 -1.89 31-Mar-2020 - 09-Apr-2020
Month 4.37 08-Apr-2020 - 08-May-2020 -1.52 24-Jul-2020 - 24-Aug-2020
Quarter 7.88 16-Apr-2019 - 16-Jul-2019 -1.01 05-Apr-2018 - 05-Jul-2018
Year 17.85 09-May-2019 - 08-May-2020 1.76 11-Sep-2017 - 11-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.64 3.03 1.76 3.81 1.20 2.28
VR Bond 6.84 2.05 1.24 1.72 -- --
Debt: Dynamic Bond 8.20 3.22 1.36 2.08 1.12 1.07
Rank within category 7 11 6 2 12 5
Number of funds in category 24 24 24 24 24 24

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

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 10 10 2 24
Modified Duration (yrs) 3.63 7.79 1.05 3.39
Average Maturity (yrs) 4.64 11.29 1.19 4.88
Yield to Maturity (%) 5.06 5.94 4.05 5.63
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 21.28 21.28
new 5.85% GOI 2030 GOI Securities SOV 0.00 - 16.93 16.93
equal 5.15% GOI 2025 GOI Securities SOV 0.00 - 26.26 13.54
new 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 7.19 7.19
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 8.76 7.07
equal 4.64% ONGC 21/11/2023 Debenture AAA 0.00 - 7.84 6.85
equal 8.25% IRFC 28/02/2024 Debenture AAA 0.00 - 3.71 3.71
equal 5.35% National Housing Bank 2024 Debenture AAA 0.00 - 3.46 3.46
equal 5.24% SIDBI 26/03/2024 Debenture AAA 0.00 - 3.45 3.45
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 2.74 2.74

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-2021

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:


0.05%

Change from previous, NAV as on 11-Jun-2021

Growth: ₹ 14.0446

IDCW: ₹ 14.0446


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 (₹) --
Lock-in Period Not Applicable
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: 8.38%
Benchmark: CRISIL Composite Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 146 Cr (As on 31-May-2021)
Expense: 0.50% (As on 30-Apr-2021)
Risk Grade: Below 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: http://www.miraeassetmf.co.in

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

Upcoming Video

Investors' Hangout

Your investment strategy for debt funds after the fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM