February 21, 2024
mayank
Canara Robeco Dynamic Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 29.2343
NAV IDCW: Rs 14.9871
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 objective of the Fund is to seek to generate income from a portfolio of debt and money market securities. The portfolio will be managed by taking a view on short-term and long-term interest rate movements; exposure to securities will be dynamically managed to reflect these views. Upto 70% of the assets will be invested in Govt. securities and corporate debt securities, while the remaining will be invested in money market instruments.
Fund Manager:
1) Avnish Jain
Education: Mr. Jain is a B.Tech from IIT Kharagpur and Post Graduate from IIM Kolkata.
Experience: Prior to joining Canara Robeco AMC he has worked with ICICI Prudential AMC, PGIM India Mutual Fund, Deutsche Asset Management, Misys Software Solutions, Yes Bank and ICICI Bank.
2) Kunal Jain
Education: Mr. Jain is a B.Com and MBA (Marketing).
Experience: Prior to joining Canara Robeco Mutual Fund, he has worked with PGIM India Mutual Fund, Indiabulls AMC Ltd. as Fund Manager, LIC Nomura AMC Ltd. as Fund manager and Kotak Mahindra AMC Ltd. as Fixed Income Dealer.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Canara Robeco Mutual Fund |
| Launch Date | 02-Jan-13 |
| Return Since Launch | 7.87% |
| Benchmark | CRISIL Dynamic Bond B-III Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 113 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.67% |
| (As on 31-Jan-2024) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
Trailing Returns (%) of Canara Robeco Dynamic Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Canara Robeco Dynamic Bond Dir | 2.29 | 0.20 | 1.86 | 3.49 | 4.57 | 8.44 | 5.26 | 6.95 | 6.32 | 7.95 |
| VR Bond | 1.85 | 0.06 | 1.40 | 2.82 | 4.40 | 7.87 | 5.13 | 5.86 | 5.89 | 6.80 |
| Debt: Dynamic Bond | 1.93 | 0.19 | 1.52 | 3.01 | 4.52 | 8.65 | 6.10 | 7.26 | 6.91 | 8.29 |
| Rank within category | 6 | 12 | 6 | 6 | 11 | 15 | 18 | 14 | 15 | 13 |
| Number of funds in category | 25 | 25 | 25 | 25 | 25 | 25 | 22 | 21 | 18 | 17 |
Peer Comparison of Canara Robeco 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 | |
| Canara Robeco Dynamic Bond Dir | 2 star | 8.44 | 5.26 | 6.95 | 0.67 | 113 | 7.87 | — | 11Y 1M |
| ICICI Pru All Seasons Bond Dir | 5 star | 8.73 | 6.71 | 8.55 | 0.53 | 11,699 | 9.75 | 0.25 (30) | 11Y 1M |
| SBI Dynamic Bond Dir | 4 star | 9.52 | 6.22 | 8.34 | 0.61 | 2,968 | 8.27 | 0.25 (30) | 11Y 1M |
| ABSL Dynamic Bond Dir | 5 star | 8.51 | 7.19 | 6.46 | 0.64 | 1,710 | 7.61 | 0.50 (90) | 11Y 1M |
| HDFC Dynamic Debt Dir | 4 star | 8.76 | 7.06 | 7.21 | 0.69 | 643 | 7.73 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 9 | 23 |
| Macaulay Duration (yrs) | 7.74 | 6.39 |
| Average Maturity (yrs) | 12.85 | 10.82 |
| Yield to Maturity (%) | 7.33 | 7.42 |
| Avg Credit Rating | AAA | — |
How to Invest in Canara Robeco Dynamic Bond Fund?
Chanakya’s Mutual Fund Guidance For Canara Robeco Dynamic Bond Fund
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