September 22, 2022
mayank
Nippon India Dynamic Bond Fund
NAV Growth: Rs 31.9941
NAV IDCW Quarterly: Rs 10.1937
NAV IDCW: Rs 23.1149
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 aims to generate regular income and capital appreciation through investment in debt instruments and related securities besides preservation of capital The scheme can also invest in money market instruments.
Fund Manager:
1) Pranay Sinha
Education: Mr. Sinha has done B.Tech in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta.
Experience: Prior to joining Nippon India Mutual Fund, he has worked with ABSLAMC, BNP Paribas Bank (October 2010 – August,2014) , Morgan Stanley Investment Management Pvt. Ltd. (March 2008 – October 2010) and ICICI Prudential Asset Management Co. Ltd. ( October 2005 – March 2008).
2) Vivek Sharma
Education: Mr. Vivek Sharma is a B.E (Electronics) and PGDM (Finance).
Experience: He has been associated with Nippon India Mutual Fund since 2006.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 60 |
| Min. Balance (Rs) | 1 |
| Exit Load | 0 |
| Lock-in Period | NA |
Basic Details
| Fund House | Nippon India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.81% |
| Benchmark | CRISIL Dynamic Bond Fund AIII Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 3,565 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio | 0.28% |
| (As on 31-Aug-2022) | |
| Risk Grade | High |
| Return Grade | Average |
Nippon India Dynamic Bond Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind Dyn Bond Dir | 1.25 | 0.01 | 0.4 | 3.17 | 1 | 1.63 | 5.89 | 5.92 | 7.14 | — |
| VR Bond | 1.82 | -0.05 | 0.73 | 2.31 | 1.48 | 2.36 | 4.38 | 5.26 | 5.99 | — |
| Debt: Dynamic Bond | 2.1 | 0.04 | 0.3 | 2.17 | 1.67 | 3 | 6.26 | 6.29 | 7.33 | — |
| Rank within category | 19 | 23 | 8 | 4 | 18 | 19 | 15 | 13 | 13 | — |
| Number of funds in category | 27 | 27 | 27 | 27 | 27 | 27 | 24 | 22 | 21 | 0 |
Nippon India 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 |
| Nippon Ind Dyn Bond Dir | 1 star | 1.63 | 5.89 | 5.92 | 0.28 | 3,565 | 7.81 | — | 9yrs 8mo |
| ICICI Pru All Seasons Bond Dir | 5 star | 4.00 | 8.10 | 7.68 | 0.62 | 5,816 | 9.98 | 0.25 (30) | 9yrs 8mo |
| SBI Dyn Bond Dir | 4 star | 3.03 | 6.45 | 7.00 | 0.87 | 2,375 | 8.21 | 0.25 (30) | 9yrs 8mo |
| Kotak Dyn Bond Dir | 4 star | 2.38 | 6.88 | 7.57 | 0.36 | 2,039 | 8.88 | — | 9yrs 8mo |
| IIFL Dyn Bond Dir | 4 star | 3.28 | 6.46 | 6.51 | 0.27 | 539 | 7.18 | — | 9yrs 3mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 71 | 22 |
| Modified Duration (yrs) | 5.74 | 2.86 |
| Average Maturity (yrs) | 7.70 | 4.45 |
| Yield to Maturity (%) | 7.47 | 6.69 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For Nippon India Dynamic Bond Fund
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