March 26, 2024
mayank
HSBC Dynamic Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 28.6724
Yearly NAV IDCW: Rs 11.6851
Monthly NAV IDCW: Rs 12.7470
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) Jalpan Shah
Education: Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
Experience: Prior to joining HSBC Mutual Fund, he was associated with L&T Mutual Fund, FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.
2) 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.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | HSBC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.99% |
| Benchmark | NIFTY Composite Debt Index A-III |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 168 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.20% |
| (As on 29-Feb-2024) | |
| Risk Grade | Average |
| Return Grade | Below Average |
Trailing Returns (%) of HSBC Dynamic Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC Dynamic Bond Dir | 2.29 | -0.17 | 0.41 | 2.49 | 4.15 | 7.96 | 5.37 | 6.72 | 6.67 | 8.23 |
| VR Bond | 2.39 | -0.01 | 0.46 | 2.55 | 3.97 | 7.82 | 5.33 | 5.84 | 5.92 | 6.77 |
| Debt: Dynamic Bond | 2.39 | -0.15 | 0.41 | 2.56 | 4.17 | 8.39 | 6.20 | 7.08 | 6.87 | 8.23 |
| Rank within category | 13 | 13 | 11 | 13 | 13 | 17 | 18 | 15 | 10 | 8 |
| Number of funds in category | 25 | 25 | 25 | 25 | 25 | 25 | 22 | 21 | 18 | 17 |
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 | 2 star | 7.96 | 5.37 | 6.72 | 0.20 | 168 | 7.99 | — | 11Y 2M |
| ICICI Pru All Seasons Bond Dir | 5 star | 8.65 | 6.83 | 8.38 | 0.53 | 11,810 | 9.73 | 0.25 (30) | 11Y 2M |
| SBI Dynamic Bond Dir | 4 star | 9.16 | 6.26 | 8.08 | 0.61 | 3,023 | 8.24 | 0.25 (30) | 11Y 2M |
| ABSL Dynamic Bond Dir | 5 star | 8.19 | 7.17 | 6.28 | 0.64 | 1,717 | 7.59 | 0.50 (90) | 11Y 2M |
| HDFC Dynamic Debt Dir | 4 star | 8.72 | 7.36 | 7.12 | 0.69 | 659 | 7.74 | — | 11Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 7 | 22 |
| Macaulay Duration (yrs) | 6.75 | 6.70 |
| Average Maturity (yrs) | 9.35 | 11.85 |
| Yield to Maturity (%) | 7.32 | 7.34 |
| Avg Credit Rating | AAA | — |
How to Invest in HSBC Dynamic Bond Fund?
Chanakya’s Mutual Fund Guidance For HSBC Dynamic Bond Fund
Apply Online: https://invest.assetmanagement.hsbc.co.in/auth/login
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks
https://sahifund.com/aditya-birla-sun-life-dynamic-bond-fund/