December 8, 2023
mayank
Axis Dynamic Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth: Rs 28.2813
Quarterly NAV IDCW: Rs 10.3822
NAV IDCW Half Yearly: Rs 11.6335
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 will endeavor to generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments.
Fund Manager:
1) Devang Shah
Education: Mr. Shah is B.Com and ACA.
Experience: Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
2) R Sivakumar
Education: Mr. Sivakumar is a B.Tech from IIT Madras and MBA from IIM Ahmedabad.
Experience: Prior to joining Axis AMC he has worked with BNP Paribas Mutual Fund, Sundaram Mutual Fund (2001-2004), HDFC Mutual Fund and ITC Threadneedle.
Investment Details
| Min. Investment (Rs | 5,000 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Axis Dynamic Bond Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.42% |
| Benchmark | NIFTY Composite Debt Index B-III |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 1,738 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.26% |
| (As on 31-Oct-2023) | |
| Risk Grade | High |
| Return Grade | Average |
Axis Dynamic Bond Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Dyn Bond Dir | 6.17 | 0.04 | 0.53 | 1.00 | 1.79 | 6.41 | 4.44 | 7.66 | 6.82 | 8.70 |
| VR Bond | 6.16 | 0.00 | 0.65 | 1.12 | 1.97 | 6.40 | 4.12 | 5.59 | 5.33 | 6.71 |
| Debt: Dynamic Bond | 6.47 | 0.08 | 0.64 | 1.22 | 2.32 | 6.76 | 4.97 | 6.91 | 6.26 | 8.15 |
| Rank within category | 18 | 22 | 21 | 20 | 21 | 19 | 14 | 4 | 5 | 2 |
| Number of funds in category | 25 | 25 | 25 | 25 | 25 | 25 | 22 | 21 | 18 | 17 |
Peer Comparison of Axis 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 | |
| Axis Dyn Bond Dir | 2 star | 6.41 | 4.44 | 7.66 | 0.26 | 1,738 | 8.42 | — | 10Y 11M |
| ICICI Pru All Seasons Bond Dir | 5 star | 8.03 | 6.13 | 8.48 | 0.56 | 11,511 | 9.76 | 0.25 (30) | 10Y 11M |
| SBI Dyn Bond Dir | 4 star | 7.41 | 5.04 | 7.91 | 0.61 | 2,945 | 8.16 | 0.25 (30) | 10Y 11M |
| ABSL Dyn Bond Dir | 5 star | 7.01 | 6.46 | 5.89 | 0.64 | 1,688 | 7.51 | 0.50 (90) | 10Y 11M |
| HDFC Dyn Debt Dir | 4 star | 7.24 | 6.18 | 6.44 | 0.69 | 641 | 7.64 | — | 10Y 11M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 79 | 24 |
| Macaulay Duration (yrs) | 4.88 | 5.40 |
| Average Maturity (yrs) | 6.17 | 8.60 |
| Yield to Maturity (%) | 7.65 | 7.56 |
| Avg Credit Rating | AAA | — |
How to Invest in Axis Dynamic Bond Fund?
Chanakya’s Mutual Fund Guidance For Axis Dynamic Bond Fund
Apply Online: https://www.axismf.com/mutual-funds
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