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:
|Debt: Dynamic Bond||2.08||0.20||0.13||1.77||2.33||3.69||9.27||6.40||7.05||7.87||--|
|Rank within category||13||12||17||15||12||15||13||9||7||5||--|
|Number of funds in category||29||30||30||29||29||29||29||24||23||22||15|
As on 24-Feb-2020
|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||5.19||3.21||0.04||0.15||1.10||-0.88|
|Rank within category||12||12||12||11||16||12|
|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 31-Jan-2020
|Fund||1Y High||1Y Low||Category|
|Number of Securities||8||13||8||20|
|Modified Duration (yrs)||3.70||4.89||1.80||3.64|
|Average Maturity (yrs)||4.70||6.68||2.26||5.13|
|Yield to Maturity (%)||6.78||8.28||6.69||7.02|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|7.32% GOI 28/01/2024||GOI Securities||SOV||0.00 - 44.00||44.00|
|7.27% GOI 2026||GOI Securities||SOV||0.00 - 27.07||17.60|
|8.27% Nat. Highways Authority 28/03/2029||Debenture||AAA||0.00 - 7.81||7.43|
|8.80% Export-Import Bank 15/03/2023||Bonds||AAA||7.14 - 9.57||7.24|
|8.56% Nuclear Power Corpn. 15/03/2023||Debenture||AAA||7.11 - 9.51||7.22|
|State Bank of India 2056||Debenture||AA+||6.96 - 7.46||7.13|
|8.42% National Bank Agr. Rur. Devp 13/02/2029||Debenture||AAA||0.00 - 4.53||4.53|
|7.68% GOI 15/12/2023||GOI Securities||SOV||0.88 - 0.95||0.89|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Jan-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.
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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:||8.67%|
|Benchmark:||CRISIL Dynamic Debt Index|
|Assets:||₹ 59 Cr (As on 31-Jan-2020)|
|Expense:||1.62% (As on 31-Jan-2020)|
|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]