August 23, 2024
mayank
Union Dynamic Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 23.1625
NAV IDCW: Rs 15.5150
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 actively manage a portfolio of good quality debt as well as money market instruments so as to provide reasonable returns and liquidity to the investors.
Fund Manager:
1) Devesh Thacker
Education: Mr. Thacker is a B.Com (H) and Post graduate from University of Pune.
Experience: Prior to joining Union AMC in 2011 he has worked with Sahara AMC.
2) Parijat Agrawal
Education: Mr. Agrawal is a B.Tech and MBA from IIM Bangalore.
Experience: Prior to joining Union Mutual Fund, he has worked with SBI Mutual Fund, State Bank of Mauritius ltd. and SUN F&C Asset Management.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 15 days |
Basic Details of Union Dynamic Bond Fund
| Fund House | Union Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.74% |
| Benchmark | CRISIL Dynamic Bond A-III Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 113 Cr |
| (As on 31-Jul-2024) | |
| Expense | 1.24% |
| (As on 31-Jul-2024) | |
| Risk Grade | High |
| Return Grade | Low |
Trailing Returns (%) of Union Dynamic Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Union Dynamic Bond Dir | 6.53 | 0.00 | 1.23 | 2.74 | 4.40 | 8.95 | 5.03 | 5.74 | 5.84 | 6.94 |
| VR Bond | 6.02 | 0.03 | 0.97 | 2.49 | 4.03 | 8.59 | 6.05 | 5.56 | 5.88 | 6.72 |
| Debt: Dynamic Bond | 6.73 | 0.01 | 1.16 | 2.78 | 4.67 | 9.35 | 6.56 | 6.89 | 6.78 | 8.17 |
| Rank within category | 17 | 20 | 11 | 14 | 20 | 19 | 24 | 21 | 18 | 17 |
| Number of funds in category | 25 | 25 | 25 | 25 | 25 | 25 | 24 | 21 | 19 | 17 |
Peer Comparison of Union 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 | |
| Union Dynamic Bond Dir | 1 star | 8.95 | 5.03 | 5.74 | 1.24 | 113 | 6.74 | 1.00 (15) | 11Y 7M |
| ICICI Pru All Seasons Bond Dir | 5 star | 9.00 | 7.15 | 8.09 | 0.59 | 12,667 | 9.74 | 0.25 (30) | 11Y 7M |
| SBI Dynamic Bond Dir | 4 star | 9.74 | 7.17 | 7.28 | 0.62 | 3,146 | 8.34 | 0.25 (30) | 11Y 7M |
| ABSL Dynamic Bond Dir | 5 star | 9.27 | 7.51 | 6.19 | 0.64 | 1,703 | 7.70 | 0.50 (90) | 11Y 7M |
| 360 ONE Dynamic Bond Dir | 4 star | 9.41 | 6.46 | 7.05 | 0.27 | 773 | 7.33 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 10 | 22 |
| Macaulay Duration (yrs) | 8.33 | 7.49 |
| Average Maturity (yrs) | 14.65 | 13.87 |
| Yield to Maturity (%) | 7.04 | 7.14 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Union Dynamic Bond Fund
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