MIRAE ASSET
DYNAMIC BOND FUND
(Dynamic Bond Fund - An Open ended dynamic debt scheme investing across duration)
A relatively high interest rate risk and relatively high credit risk
| Type of Scheme | Dynamic Bond Fund - An Open ended dynamic debt scheme investing across duration A relatively high interest rate risk and relatively high credit risk |
||||||||||||||||||||||
| Investment Objective | The objective of the Scheme is to generate optimal returns through active management of a portfolio of debt and money market instruments. However, there is no assurance that the investment objective of the Scheme will be
realized and the Scheme does not assure or guarantee any returns |
||||||||||||||||||||||
Fund Manager** |
Mr. Amit Modani - (since January 16, 2023) Allotment Date |
24th March, 2017 Benchmark Index |
Tier-1 - CRISIL Dynamic Bond A-III Index@ Tier-2 - Nifty PSU Bond Plus SDL Apr 2027 50:50 Index Minimum Investment |
Amount ₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹ 1/- thereafter. Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) Monthly and Quarterly: ₹ 1000/- (multiples of ₹ 1/- thereafter), minimum 5 in case of Monthly / Quarterly option. Load Structure |
Entry load: NA Exit Load: NIL Plans Available |
Regular Plan and Direct Plan Options Available |
Growth Option and IDCW Option (Payout & Re-investment) Monthly Average AUM (₹ Cr.) as on June 30, 2024 |
150.8195 Net AUM (₹ Cr.) |
149.37 Monthly Total Expense Ratio |
(Including Statutory Levies) as on June 30, 2024 Regular Plan: 1.09% Direct Plan: 0.17% **For experience of Fund Managers Click Here |
| ||||||||||||
| NAV: | Direct | Regular |
| Growth | ₹ 16.2335 | ₹ 14.9812 |
| IDCW | ₹ 16.2268 | ₹ 14.9815 |
| Portfolio Holdings | % Allocation |
| Corporate Bond | |
| Power Finance Corporation Limited | 8.38% |
| REC Limited | 6.74% |
| Indian Railway Finance Corporation Limited | 6.73% |
| Export Import Bank of India | 6.69% |
| Power Grid Corporation of India Limited | 6.66% |
| Small Industries Dev Bank of India | 6.65% |
| National Bank For Agriculture and Rural Development | 6.50% |
| NHPC Limited | 0.34% |
| Corporate Bond Total | 48.69% |
| State Government Bond | |
| 7.39% Maharashtra SDL (MD 09/11/2026) | 13.44% |
| 7.71% Gujarat SDL (MD 01/03/2027) | 9.48% |
| 7.86% Karnataka SDL (MD 15/03/2027) | 8.16% |
| 7.52% Tamilnadu SDL (MD 24/05/2027) | 6.75% |
| 7.85% Rajasthan SDL (MD 15/03/2027) | 3.40% |
| 7.76% Madhya Pradesh SDL (MD 01/03/2027) | 3.39% |
| 7.23% Tamilnadu SDL (MD 14/06/2027) | 3.35% |
| 7.51% Rajasthan SDL (MD 24/05/2027) | 0.28% |
| State Government Bond Total | 48.25% |
| Corporate Debt Market Development Fund | |
| Class A2 units of Corporate Debt Market Development Fund # | 0.37% |
| Corporate Debt Market Development Fund Total | 0.37% |
| Cash & Other Receivables Total | 2.69% |
| Grand Total | 100.00% |
# Unlisted Security
| Returns (in%) | |||||
| 1 Year | 3 Years | 5 Years | Since inception | Value of 10000 invested Since Inception (in Rs.) | |
| Mirae Asset Dynamic Bond Fund | 6.04% |
4.09% |
5.55% |
5.71% |
14,981 |
| Scheme Benchmark* (Tier 1) | 7.35% |
5.48% |
7.05% |
7.03% |
16,388 |
| Scheme Benchmark* (Tier 2) | 7.30% |
NA |
NA |
NA |
NA |
| Additional Benchmark** | 7.32% |
4.16% |
5.51% |
5.50% |
14,763 |
| NAV as on 30th June, 2024 | ₹ 14.9812 | ||||
| Index Value (30th June, 2024) | Index Value of Scheme benchmark is 5,369.89 / 1,153.32 and CRISIL 10 Year Gilt Index is 4,642.38 | ||||
| Allotment Date | 24th March, 2017 | ||||
| Scheme Benchmark | *Tier-1 - CRISIL Dynamic Bond A-III Index *Tier-2 - Nifty PSU Bond Plus SDL Apr 2027 50:50 Index | ||||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | ||||
Fund manager : Mr. Amit Modani managing the scheme since 16th January, 2023.
Note: Returns (%) for less than 1 year calculated on simple annualized basis, others are CAGR- Compounded Annualized Growth returns
Latest available NAV has been taken for return calculation wherever applicable
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option
This product is suitable for investors who are seeking*
. Optimal returns over short to medium term
. To generate optimal returns through active management of a portfolio of debt and money market instruments
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
| Average Maturity | 2.62 Years |
| Modified Duration | 2.27 Years |
| Macaulay Duration | 2.39 Years |
| Annualized Portfolio YTM* | 7.47% |
*In case of semi annual YTM, it will be annualized.