January 10, 2024
mayank
Aditya Birla (ABSL) Dynamic Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 43.3016
Quarterly NAV IDCW: Rs 10.5720
Monthly NAV IDCW: Rs 10.7225
NAV IDCW: Rs 13.2880
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 aims to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market instruments.
Fund Manager:
1) Bhupesh Bameta
Education: Mr. Bameta has done B.Tech (IIT Kanpur), CFA Charterholder (CFA Institute, USA)
Experience: Prior to joining Aditya Birla Sun Life Mutual Fund as an Analyst, Fixed Income. He was the Head of Research in Forex and Rates Desk at Edelweiss Securities Limited, covering global and Indian forex markets and economies. He was also associated with Quant Capital for 6 years as an Economist and was covering Indian and global economy and markets.
2) Mohit Sharma
Education: Mr. Sharma is B Tech (IIT – Madras) and PGDCM (IIM Calcutta).
Experience: Prior to joining Aditya Birla Sun Life AMC, he ran his own healthcare-tech business (June 2012 – May 2015). he has also worked as an Interest Rates Trader in Standard Chartered Bank (May 2007 – June 2011) and ICICI Bank Ltd (June 2006 – April 2007). He started his career in the Equity Research in Irevna Ltd (June 2005 – June 2006).
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | For units in excess of 15% of the investment, 0.5% will be charged for redemption Within 90 days |
Basic Details of Aditya Birla (ABSL) Dynamic Bond Fund
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.53% |
| Benchmark | NIFTY Composite Debt Index B-III |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 1,707 Cr |
| (As on 31-Dec-2023) | |
| Expense | 0.64% |
| (As on 30-Nov-2023) | |
| Risk Grade | Below Average |
| Return Grade | High |
Trailing Returns (%) of Aditya Birla (ABSL) Dynamic Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Dyn Bond Dir | 0.10 | 0.07 | 0.98 | 2.52 | 3.27 | 7.42 | 6.45 | 5.93 | 5.30 | 7.57 |
| VR Bond | 0.18 | 0.13 | 0.85 | 2.36 | 3.25 | 6.92 | 4.30 | 5.62 | 5.50 | 6.71 |
| Debt: Dynamic Bond | 0.10 | 0.07 | 0.94 | 2.43 | 3.27 | 7.21 | 5.04 | 6.94 | 6.38 | 8.15 |
| Rank within category | 13 | 15 | 8 | 12 | 13 | 8 | 2 | 20 | 17 | 16 |
| Number of funds in category | 25 | 25 | 25 | 25 | 25 | 25 | 22 | 21 | 18 | 17 |
Peer Comparison of Aditya Birla (ABSL) 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 | |
| ABSL Dyn Bond Dir | 5 star | 7.42 | 6.45 | 5.93 | 0.64 | 1,707 | 7.53 | 0.50 (90) | 11Y |
| ICICI Pru All Seasons Bond Dir | 5 star | 8.37 | 6.25 | 8.44 | 0.56 | 11,621 | 9.76 | 0.25 (30) | 11Y |
| SBI Dyn Bond Dir | 4 star | 7.73 | 5.18 | 8.02 | 0.60 | 2,939 | 8.16 | 0.25 (30) | 11Y |
| HDFC Dyn Debt Dir | 4 star | 7.86 | 6.22 | 6.49 | 0.69 | 641 | 7.67 | — | 11Y |
| Nippon Ind Dyn Bond Dir | 2 star | 7.06 | 4.27 | 6.83 | 0.31 | 4,495 | 7.66 | — | 11Y |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 42 | 24 |
| Macaulay Duration (yrs) | 5.12 | 5.73 |
| Average Maturity (yrs) | 7.04 | 9.38 |
| Yield to Maturity (%) | 7.61 | 7.46 |
| Avg Credit Rating | AAA | — |
How to Invest in Aditya Birla (ABSL) Dynamic Bond Fund?
Chanakya’s Mutual Fund Guidance For Aditya Birla Sun Life (ABSL) Dynamic Bond Fund
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