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Unrated

ITI Dynamic Bond Fund - Direct Plan


Debt: Dynamic Bond

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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(₹)
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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 -- 0.03 0.19 1.08 -- -- -- -- -- -- --
VR Bond -- 0.06 0.23 1.19 -- -- -- -- -- -- --
Debt: Dynamic Bond -- 0.03 0.16 1.08 -- -- -- -- -- -- --
Rank within category -- 12 11 11 -- -- -- -- -- -- --
Number of funds in category 26 28 28 28 27 26 26 24 22 21 0

As on 16-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ITI Dynamic Bond Fund - Direct Plan
Unrated
Jul-21 -- -- -- -- 58
ICICI Prudential All Seasons Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 7.50 10.28 9.05 0.63 6,036
IDFC Dynamic Bond Fund - Direct Plan
4 star
Jan-13 5.69 11.12 8.72 0.72 3,833
Kotak Dynamic Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 6.72 10.63 8.94 0.52 2,984
SBI Dynamic Bond Fund - Direct Plan
4 star
Jan-13 4.86 10.25 8.46 0.87 2,872

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.46 27-Aug-2021 - 03-Sep-2021 -0.06 04-Aug-2021 - 11-Aug-2021
Month 1.17 06-Aug-2021 - 06-Sep-2021 0.48 16-Jul-2021 - 17-Aug-2021
Quarter -- - -- -
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Bond* 6.70 2.11 1.26 1.76 -- --
Debt: Dynamic Bond* 8.13 3.50 1.36 2.10 1.03 1.35
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-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 7 7 5 23
Modified Duration (yrs) 5.13 5.13 3.34 3.80
Average Maturity (yrs) 6.91 6.91 4.59 5.30
Yield to Maturity (%) 5.93 5.93 4.96 5.74
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
up 5.22% GOI 15/06/2025 GOI Securities SOV 5.86 - 29.89 29.89
up 7.26% GOI 14/01/2029 GOI Securities SOV 20.66 - 25.37 25.37
up 6.64% GOI 16/06/2035 GOI Securities SOV 9.68 - 16.90 16.90
equal 7.17% GOI 2028 GOI Securities SOV 9.04 - 10.31 9.04
new 5.44% Chennai Petroleum Corporation 24/06/2024 Debenture AAA 0.00 - 8.54 8.54
equal 6.89% Indian Railway Finance Corporation 19/07/2031 Debenture AAA 6.85 - 7.89 6.85
new 7.47% Power Finance Corporation 16/09/2021 Bonds AAA 0.00 - 1.71 1.71

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-Aug-2021

Fund Manager

— Vikrant Mehta since 25-Jun-2021

Education: Mr. Mehta is CFA and M.S.

Experience: Prior to joining ITI Mutual Fund, he has worked with Indiabulls AMC, Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities Pvt. Ltd. and Mata Securities India Pvt. Ltd.

Funds Managed:


0.03%

Change from previous, NAV as on 16-Sep-2021

Growth: ₹ 10.1494

IDCW Yearly: ₹ 10.1494

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IDCW Quarterly: ₹ 10.1494

IDCW Monthly: ₹ 10.0943

IDCW Half Yearly: ₹ 10.1494


Investment Strategy

The scheme seeks to maximise returns through an active management of a portfolio comprising of debt and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0.25% for redemption within 90 days

Basic Details

Fund House: ITI Mutual Fund
Launch Date: 15-Jul-2021
Return Since Launch: 1.49%
Benchmark: CRISIL Dynamic Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 58 Cr (As on 31-Aug-2021)
Expense: -- (As on )
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly25-Aug-20210.0455

 26-Jul-20210.0091

Contact Information

AMC: ITI Asset Management Ltd.

Address: Naman Midtown 'A' - Wing, 21st Floor, Senapati Bapat Marg, Prabhadevi Mumbai - 400013

Phone: 1800-266-9603 / 022-66214999

Email: [email protected]

Website: http://www.itiamc.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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