July 23, 2024
mayank
JM Dynamic Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 40.7179
Weekly NAV IDCW: Rs 10.5682
Quarterly NAV IDCW: Rs 40.9367
Monthly NAV IDCW: Rs 41.2518
Suitable For Which Investors?
“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.”
Fund’s Investment Strategy:
The scheme seeks to actively manage a portfolio of good quality debt as well as Money Market Instruments so as to provide reasonable returns and liquidity to the Unit holders.
Fund Manager:
1) Gurvinder Singh Wasan
Education: Mr. Wasan is a Chartered Accountant, CFA and Master of Commerce from Mumbai University.
Experience: Prior to joining JM Mutual Fund, he has worked with Principal Mutual Fund, Crisil Ltd. and ICICI Bank Ltd.
2) Naghma Khoja
Education: She is B.Com, CA and CFA
Experience: Before joining JM Financial AMC, she was associated with Karvy Capital Limited.
3) Ruchi Fozdar
Education: Ms. Ruchi is a graduate in science and PGDBM in finance
Experience: Prior to joining JM Mutual Fund, she was associated with few brokers and institutions like Reliance Life Insurance Co. Ltd. and Mahindra Manulife Mutual Fund
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 5,000 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of JM Dynamic Bond Fund
| Fund House | JM Financial Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.50% |
| Benchmark | CRISIL Dynamic Bond A-III Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 42 Cr |
| (As on 30-Jun-2024) | |
| Expense | 0.52% |
| (As on 30-Jun-2024) | |
| Risk Grade | Below Average |
| Return Grade | Below Average |
Trailing Returns (%) of JM Dynamic Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| JM Dynamic Bond Dir | 4.67 | 0.04 | 0.62 | 2.65 | 4.36 | 7.29 | 5.82 | 5.99 | 6.50 | 7.29 |
| VR Bond | 5.09 | 0.08 | 0.51 | 2.52 | 4.62 | 7.71 | 5.89 | 5.34 | 5.80 | 6.68 |
| Debt: Dynamic Bond | 5.50 | 0.07 | 0.63 | 3.10 | 5.08 | 8.24 | 6.34 | 6.73 | 6.64 | 8.08 |
| Rank within category | 22 | 22 | 14 | 20 | 22 | 23 | 17 | 18 | — | — |
| Number of funds in category | 25 | 25 | 25 | 25 | 25 | 25 | 24 | 21 | 19 | 17 |
Peer Comparison of JM Dynamic Bond Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| JM Dynamic Bond Dir | 3 star | 7.29 | 5.82 | 5.99 | 0.52 | 42 | 7.50 | — | 11Y 6M |
| ICICI Pru All Seasons Bond Dir | 5 star | 8.22 | 6.97 | 7.97 | 0.59 | 12,593 | 9.71 | 0.25 (30) | 11Y 6M |
| SBI Dynamic Bond Dir | 4 star | 8.51 | 6.86 | 7.09 | 0.62 | 3,126 | 8.29 | 0.25 (30) | 11Y 6M |
| ABSL Dynamic Bond Dir | 5 star | 8.04 | 7.25 | 5.94 | 0.64 | 1,709 | 7.64 | 0.50 (90) | 11Y 6M |
| 360 ONE Dynamic Bond Dir | 4 star | 8.09 | 6.38 | 6.90 | 0.27 | 782 | 7.27 | — | 11Y |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 6 | 23 |
| Macaulay Duration (yrs) | 6.43 | 7.22 |
| Average Maturity (yrs) | 9.23 | 13.39 |
| Yield to Maturity (%) | 7.12 | 7.26 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For JM Dynamic Bond Fund
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