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||-0.13||0.01||0.07||0.13||1.22||2.27||9.28||7.65||7.85||8.31||8.59|
|Rank within category||16||1||2||12||10||16||2||4||8||7||5|
|Number of funds in category||27||27||27||27||27||27||26||23||22||21||15|
As on 22-Jan-2021
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|DSP Strategic Bond Fund - Regular Plan | Invest Online||May-07||12.20||9.62||8.57||1.19||1,778|
|ICICI Prudential All Seasons Bond Fund | Invest Now||May-09||11.37||9.25||9.93||1.59||5,290|
|IDFC Dynamic Bond Fund - Regular Plan||Dec-08||12.39||10.05||9.18||1.67||3,100|
|SBI Dynamic Bond Fund||Feb-04||9.65||9.24||9.23||1.64||2,659|
|Kotak Dynamic Bond Fund - Regular Plan | Invest Online||May-08||11.11||9.85||9.60||1.16||2,607|
|Best (Period)||Worst (Period)|
|Week||3.01 (16-Apr-2020 - 23-Apr-2020)||-4.51 (03-Jun-2019 - 10-Jun-2019)|
|Month||6.66 (11-Jun-2019 - 11-Jul-2019)||-3.12 (10-May-2019 - 10-Jun-2019)|
|Quarter||10.09 (10-Jun-2019 - 09-Sep-2019)||-4.08 (24-Nov-2016 - 23-Feb-2017)|
|Year||20.71 (11-Jun-2019 - 10-Jun-2020)||-4.33 (24-Jan-2008 - 23-Jan-2009)|
|Debt: Dynamic Bond||7.36||3.17||0.93||1.66||1.13||-0.04|
|Rank within category||4||20||10||10||16||5|
|Number of funds in category||25||25||25||25||25||25|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Dec-2020
|Fund||1Y High||1Y Low||Category|
|Number of Securities||6||11||6||22|
|Modified Duration (yrs)||6.53||8.24||5.78||4.28|
|Average Maturity (yrs)||8.88||12.64||7.75||5.52|
|Yield to Maturity (%)||5.84||6.96||5.84||5.52|
|Avg Credit Rating||GOI/Cash||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|5.85% GOI 2030||GOI Securities||SOV||0.00 - 36.97||36.97|
|7.26% GOI 14/01/2029||GOI Securities||SOV||0.00 - 31.38||28.59|
|7.17% GOI 2028||GOI Securities||SOV||0.00 - 28.79||24.81|
|6.22% GOI 16/03/2035||GOI Securities||SOV||0.00 - 8.20||8.20|
|8.32% Karnataka State 13/03/2029||State Development Loan||SOV||0.00 - 0.00||0.00|
|8.53% Gujarat State 20/11/2028||State Development Loan||SOV||0.00 - 0.00||0.00|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Dec-2020
Education: Mr. Bhatia holds Post Graduation Diploma in Business Management, Finance.
Experience: Prior to joining DSPBR Mutual Fund, had worked with ICICI Bank, HSBC Global Asset Management.
Education: Mr. Chopra is B.Com (H) and MBA from Institute of Management.
Experience: Prior to joining DSP Mutual Fund he has worked with L&T Mutual Fund, IDBI Bank Ltd. and Axis Bank Ltd.
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The scheme seeks to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market securities. It would invest across the range of debt instruments across the maturity range.
|Minimum Investment (₹)||500|
|Minimum Addl Investment (₹)||500|
|Minimum SIP Investment (₹)||500|
|Minimum No of Cheques||12|
|Minimum Withdrawal (₹)||500|
|Minimum Balance (₹)||500|
|Fund House:||DSP Mutual Fund|
|Return Since Launch:||8.24%|
|Benchmark:||CRISIL Composite Bond TRI|
|Assets:||₹ 1,778 Cr (As on 31-Dec-2020)|
|Expense:||1.19% (As on 31-Dec-2020)|
|Risk Grade:||Above Average|
|Return Grade:||Above Average|
|Plan||Record Date||Dividend (₹ / Unit)|
Fundwire - 23-Jan-2019
Fund News - 15-Jul-2016
AMC: DSP Investment Managers Pvt. Ltd.
Address: NATRAJ, Office No. 302-3rd Floor-Plot No. 194, MV Road Junction Western Express Highway, Andheri East Mumbai - 400069
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]