February 23, 2024
mayank
Groww Dynamic Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,382.5008
Weekly NAV IDCW: Rs 1,010.1851
Monthly NAV IDCW: Rs 1,014.6284
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 generate reasonable returns commensurate with the risk taken by active duration management of the portfolio. The Scheme would be investing in debt instruments including but not limited to bonds, debentures, government securities and money market instruments over various maturity periods.
Fund Manager:
1) Kaustubh Sule
Education: Mr. Sule is a B.E. (Computer Engineering) & MBA (Finance)
Experience: Prior to joining Groww Mutual Fund (formerly, Indiabulls Mutual Fund), he has worked with Axis Asset Management Company Ltd. HDFC Standard Life Insurance Company Ltd., Reliance Life Insurance Company Ltd., Union Bank of India, Hexaware Technologies Ltd.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Groww Mutual Fund |
| Launch Date | 06-Dec-18 |
| Return Since Launch | 6.41% |
| Benchmark | CRISIL Dynamic Bond B-III Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 37 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.45% |
| (As on 31-Jan-2024) | |
| Risk Grade | Below Average |
| Return Grade | Below Average |
Trailing Returns (%) of Groww Dynamic Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Groww Dynamic Bond Dir | 1.42 | -0.03 | 1.07 | 2.69 | 4.19 | 6.86 | 5.20 | 6.34 | — | — |
| VR Bond | 1.91 | 0.00 | 1.46 | 2.91 | 4.33 | 8.02 | 5.21 | 5.88 | — | — |
| Debt: Dynamic Bond | 1.97 | -0.04 | 1.56 | 3.03 | 4.47 | 8.81 | 6.20 | 7.28 | — | — |
| Rank within category | 21 | 8 | 21 | 19 | 19 | 25 | 20 | 20 | — | — |
| Number of funds in category | 25 | 25 | 25 | 25 | 25 | 25 | 22 | 21 | 18 | 17 |
Peer Comparison of Groww 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 | |
| Groww Dynamic Bond Dir | 3 star | 6.86 | 5.20 | 6.34 | 0.45 | 37 | 6.41 | — | 5Y 2M |
| ICICI Pru All Seasons Bond Dir | 5 star | 8.81 | 6.77 | 8.57 | 0.53 | 11,699 | 9.75 | 0.25 (30) | 11Y 1M |
| SBI Dynamic Bond Dir | 4 star | 9.92 | 6.30 | 8.36 | 0.61 | 2,968 | 8.27 | 0.25 (30) | 11Y 1M |
| ABSL Dynamic Bond Dir | 5 star | 8.64 | 7.27 | 6.47 | 0.64 | 1,710 | 7.61 | 0.50 (90) | 11Y 1M |
| HDFC Dynamic Debt Dir | 4 star | 8.89 | 7.11 | 7.24 | 0.69 | 643 | 7.73 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 8 | 23 |
| Macaulay Duration (yrs) | 5.48 | 6.24 |
| Average Maturity (yrs) | 7.47 | 10.55 |
| Yield to Maturity (%) | 7.04 | 7.45 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Groww Dynamic Bond Fund?
Chanakya’s Mutual Fund Guidance For Groww Dynamic Bond Fund
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Quicklinks
https://sahifund.com/aditya-birla-sun-life-dynamic-bond-fund/