September 14, 2022
mayank
Mirae Asset Dynamic Bond Fund
NAV Growth : Rs 14.4711
NAV IDCW : Rs 14.4708
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 optimal returns through active management of a portfolio of debt and money market instruments.
Fund Manager :
1) Mahendra Kumar Jajoo
Education : Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
Experience : Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.
Investment Details
| Min. Investment (Rs) : | 5,000 |
| Min. Addl Investment (Rs) : | 1,000 |
| Min. SIP Investment (Rs) : | 1,000 |
| Min. Withdrawal (Rs) : | — |
| Min. No of Cheques : | 5 |
| Min. Balance (Rs) : | — |
| Lock-in Period : | NA |
| Exit Load : | 0 |
Basic Details
| Fund House : | Mirae Asset Mutual Fund |
| Launch Date : | 24-Mar-17 |
| Return Since Launch : | 6.98% |
| Benchmark : | CRISIL Dynamic Bond Fund CIII Index |
| Riskometer : | Moderate |
| Type : | Open-ended |
| Assets : | Rs 242 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | 0.15% |
| (As on 31-Jul-2022) | |
| Risk Grade : | Average |
| Return Grade : | Average |
Mirae Asset Dynamic Bond Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Dyn Bond Dir | 1.18 | 0.08 | 0.82 | 3.55 | 0.88 | 2.04 | 5.86 | 6.85 | — | — |
| VR Bond | 2.14 | 0.16 | 1.34 | 3.09 | 2.17 | 3.08 | 4.46 | 5.31 | — | — |
| Debt: Dynamic Bond | 2.43 | 0.09 | 0.85 | 2.78 | 2.29 | 3.69 | 6.2 | 6.29 | — | — |
| Rank within category | 23 | 14 | 12 | 5 | 25 | 23 | 13 | 5 | — | — |
| Number of funds in category | 27 | 27 | 27 | 27 | 27 | 27 | 24 | 22 | 21 | 0 |
Mirae Asset Dynamic Bond Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age |
| Mirae Asset Dyn Bond Dir | 3 star | 2.04 | 5.86 | 6.85 | 0.15 | 242 | 6.98 | — | 5yrs 5mo |
| ICICI Pru All Seasons Bond Dir | 5 star | 4.5 | 7.96 | 7.62 | 0.62 | 5,816 | 10.03 | 0.25 (30) | 9yrs 8mo |
| SBI Dyn Bond Dir | 4 star | 4.09 | 6.4 | 7.04 | 0.87 | 2,375 | 8.28 | 0.25 (30) | 9yrs 8mo |
| Kotak Dyn Bond Dir | 4 star | 3.26 | 6.92 | 7.64 | 0.36 | 2,039 | 8.96 | — | 9yrs 8mo |
| IIFL Dyn Bond Dir | 4 star | 3.93 | 6.62 | 6.58 | 0.27 | 539 | 7.25 | — | 9yrs 2mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 15 | 22 |
| Modified Duration (yrs) | 3.42 | 2.59 |
| Average Maturity (yrs) | 4.25 | 4.00 |
| Yield to Maturity (%) | 7.06 | 6.66 |
| Avg Credit Rating | AAA | — |
Mirae Asset Dynamic Bond Fund by Chanakya :
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