May 21, 2025
mayank
HSBC Dynamic Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 32.4300
Yearly NAV IDCW: Rs 11.3580
Monthly NAV IDCW: Rs 12.8055
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:
He scheme seeks to generate returns in the form of interest income and capital gains, along with high liquidity, commensurate with the current view on the markets and the interest rate cycle, through active investment in debt and money market instruments.
Fund Manager:
1) Shriram Ramanathan
Education: Shriram is a B.E. (Electrical), PGDBM from XLRI Jamshedpur and CFA.
Experience: Prior to joining HSBC Mutual Fund, he has worked with L&T MF, FIL Fund Management Pvt. Ltd., ING Investment Management, Zurich Asset Management Co., ICICI Ltd., and L&T Ltd.
2) Mahesh A Chhabria
Education: Mr. Chhabria is a Commerce Graduate and has also pursued FCA and CFA.
Experience: Prior to joining HSBC MF, he has worked with L&T AMC, Edelweiss Securities Ltd, Darivium Traditions Pvt. Ltd. and FIL Fund Management Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of HSBC Dynamic Bond Fund
| Fund House | HSBC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.28% |
| Benchmark | NIFTY Composite Debt Index A-III |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 168 Cr |
| (As on 30-Apr-2025) | |
| Expense | 0.19% |
| (As on 30-Apr-2025) | |
| Risk Grade | Average |
| Return Grade | Average |
Trailing Returns (%) of HSBC Dynamic Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC Dynamic Bond Dir | 5.80 | 0.14 | 1.32 | 4.89 | 6.75 | 11.78 | 8.52 | 6.46 | 7.80 | 7.89 |
| VR Bond | 3.99 | 0.04 | 0.94 | 3.08 | 4.80 | 9.06 | 7.81 | 5.76 | 6.60 | 6.55 |
| Debt: Dynamic Bond | 5.41 | 0.11 | 1.27 | 4.53 | 6.31 | 11.30 | 8.74 | 7.11 | 7.97 | 7.91 |
| Rank within category | 2 | 6 | 10 | 7 | 2 | 6 | 16 | 17 | 9 | 8 |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 21 | 18 | 16 |
Peer Comparison of HSBC 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 | |
| HSBC Dynamic Bond Dir | 3 star | 11.78 | 8.52 | 6.46 | 0.19 | 168 | 8.28 | — | 12Y 4M |
| ICICI Pru All Seasons Bond Dir | 5 star | 10.99 | 9.34 | 7.98 | 0.59 | 14,635 | 9.82 | 0.25 (30) | 12Y 4M |
| ABSL Dynamic Bond Dir | 4 star | 11.99 | 9.92 | 8.65 | 0.64 | 1,837 | 7.93 | 0.50 (90) | 12Y 4M |
| 360 ONE Dynamic Bond Dir | 4 star | 11.87 | 8.65 | 7.73 | 0.27 | 707 | 7.59 | — | 11Y 10M |
| Nippon India Dynamic Bond Dir | 3 star | 11.69 | 8.98 | 6.65 | 0.35 | 4,445 | 8.07 | — | 12Y 4M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 10 | 25 |
| Macaulay Duration (yrs) | 9.53 | 8.05 |
| Average Maturity (yrs) | 19.74 | 15.69 |
| Yield to Maturity (%) | 6.71 | 6.76 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For HSBC Dynamic Bond Fund
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