1 LakhInvestment Grown to
₹ 10000Monthly SIP Grown to
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:
|Debt: Dynamic Bond||8.54||-0.01||0.42||1.62||1.40||4.96||9.43||7.04||7.65||8.41||8.65|
|Rank within category||9||9||19||11||11||12||9||7||9||7||6|
|Number of funds in category||27||28||28||28||28||28||27||23||22||21||15|
As on 27-Oct-2020
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|L&T Flexi Bond Fund | Invest Online||Aug-06||10.62||8.36||8.50||1.62||59|
|ICICI Prudential All Seasons Bond Fund | Invest Now||May-09||12.70||8.77||9.51||1.52||4,529|
|IDFC Dynamic Bond Fund - Regular Plan||Dec-08||12.87||9.34||9.10||1.72||2,686|
|SBI Dynamic Bond Fund||Feb-04||11.73||8.87||9.22||1.64||2,231|
|Kotak Dynamic Bond Fund - Regular Plan | Invest Online||May-08||11.80||9.52||9.65||1.15||1,726|
|Best (Period)||Worst (Period)|
|Week||2.86 (19-Aug-2013 - 26-Aug-2013)||-2.34 (12-Aug-2013 - 19-Aug-2013)|
|Month||5.05 (25-Oct-2016 - 24-Nov-2016)||-3.02 (19-Jul-2013 - 19-Aug-2013)|
|Quarter||7.38 (22-Oct-2014 - 23-Jan-2015)||-5.76 (20-May-2013 - 19-Aug-2013)|
|Year||17.85 (24-Nov-2015 - 24-Nov-2016)||0.84 (24-Nov-2016 - 24-Nov-2017)|
|Debt: Dynamic Bond||6.33||3.22||0.48||0.98||1.14||-0.39|
|Rank within category||8||11||6||11||20||11|
|Number of funds in category||26||26||26||26||26||26|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 30-Sep-2020
|Fund||1Y High||1Y Low||Category|
|Number of Securities||6||10||6||19|
|Modified Duration (yrs)||5.29||5.90||3.54||4.21|
|Average Maturity (yrs)||6.88||8.28||4.53||5.62|
|Yield to Maturity (%)||6.08||6.87||6.05||5.99|
|Avg Credit Rating||GOI/Cash||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|7.17% GOI 2028||GOI Securities||SOV||0.00 - 27.78||27.61|
|6.79% GOI 15/05/2027||GOI Securities||SOV||0.00 - 27.40||27.40|
|7.27% GOI 2026||GOI Securities||SOV||17.38 - 20.03||18.92|
|6.45% GOI 2029||GOI Securities||SOV||0.00 - 26.16||13.48|
|7.26% GOI 14/01/2029||GOI Securities||SOV||0.00 - 19.57||9.25|
|7.68% GOI 15/12/2023||GOI Securities||SOV||0.88 - 0.99||0.94|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Sep-2020
Education: Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
Experience: Prior to joining L&T, he was associated with FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.
Education: Shriram is a B.E. (Electrical), PGDBM from XLRI Jamshedpur and CFA.
Experience: Prior to joining L&T Mutual Fund he has worked with FIL Fund Management Pvt. Ltd., ING Investment Management, Zurich Asset Management Co., ICICI Ltd., and L&T Ltd.
Personal finance advice and mutual fund ideas delivered to your inbox every Monday
The scheme aims to generate reasonable returns through a diversified portfolio of fixed income securities. The average maturity profile of the portfolio of the scheme is likely to be up to 4 years and it may, subject to applicable regulations, invest in offshore securities up to 25% of its assets.
|Minimum Investment (₹)||10,000|
|Minimum Addl Investment (₹)||1,000|
|Minimum SIP Investment (₹)||1,000|
|Minimum No of Cheques||6|
|Minimum Withdrawal (₹)||500|
|Minimum Balance (₹)||500|
|Exit Load||0.5% for redemption within 365 days|
|Fund House:||L&T Mutual Fund|
|Return Since Launch:||8.80%|
|Benchmark:||CRISIL Dynamic Debt Index|
|Assets:||₹ 59 Cr (As on 30-Sep-2020)|
|Expense:||1.62% (As on 30-Sep-2020)|
|Risk Grade:||Below Average|
|Return Grade:||Above Average|
|Plan||Record Date||Dividend (₹ / Unit)|
AMC: L&T Investment Management Ltd
Address: Brindavan Plot No. 177, CST Road Kalina, Santacruz (East) Mumbai - 400098
Phone: 022-66554000 / 1800-2000-400
Email: [email protected]
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
Email: [email protected]