Mirae Asset Dynamic Bond Fund Direct Growth
DebtDynamic BondLow to Moderate Risk
Direct
NAV (30-Oct-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹139 Cr
Expense Ratio
0.17%
ISIN
INF769K01DR8
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
24 Mar 2017
About this fund
As of 30-Oct-24, it has a Net Asset Value (NAV) of ₹16.71, Assets Under Management (AUM) of 138.54 Crores, and an expense ratio of 0.17%.
- Mirae Asset Dynamic Bond Fund Direct Growth has given a CAGR return of 6.98% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 95.33% in debts, and 4.27% in cash & cash equivalents.
- You can start investing in Mirae Asset Dynamic Bond Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+8.55%
+9.23% (Cat Avg.)
3 Years
+5.63%
+5.97% (Cat Avg.)
5 Years
+6.26%
+6.17% (Cat Avg.)
Since Inception
+6.98%
— (Cat Avg.)
Portfolio Summaryas of 15th October 2024
| Debt | ₹132.06 Cr | 95.33% |
| Others | ₹6.48 Cr | 4.67% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 07.71 GJ Sdl 2027 | Bond - Gov't/Treasury | ₹14.28 Cr | 10.30% |
| 07.86 KA Sdl 2027 | Bond - Gov't/Treasury | ₹12.28 Cr | 8.86% |
| 07.52 Tn SDL 2027 | Bond - Gov't/Treasury | ₹10.16 Cr | 7.34% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹10.12 Cr | 7.31% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹10.12 Cr | 7.30% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹10.09 Cr | 7.28% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹10.05 Cr | 7.25% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹10.01 Cr | 7.22% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹9.8 Cr | 7.07% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹9.24 Cr | 6.67% |
| 07.85 RJ Sdl 2027 | Bond - Gov't/Treasury | ₹5.11 Cr | 3.69% |
| 07.76 MP Sdl 2027 | Bond - Gov't/Treasury | ₹5.1 Cr | 3.68% |
| 07.74 Tn SDL 2027 | Bond - Gov't/Treasury | ₹5.1 Cr | 3.68% |
| 07.39 MH Sdl 2026 | Bond - Gov't/Treasury | ₹5.06 Cr | 3.65% |
| 07.23 Tn SDL 2027 | Bond - Gov't/Treasury | ₹5.05 Cr | 3.64% |
| Treps | Cash - Repurchase Agreement | ₹3.83 Cr | 2.76% |
| Net Receivables / (Payables) | Cash | ₹2.09 Cr | 1.51% |
| Class A2 units of Alternative Investment Fund Units # | Mutual Fund - Open End | ₹0.56 Cr | 0.41% |
| Nhpc Limited | Bond - Corporate Bond | ₹0.51 Cr | 0.37% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹69.93 Cr | 50.48% |
| Bond - Gov't/Treasury | ₹62.13 Cr | 44.85% |
| Cash - Repurchase Agreement | ₹3.83 Cr | 2.76% |
| Cash | ₹2.09 Cr | 1.51% |
| Mutual Fund - Open End | ₹0.56 Cr | 0.41% |
Risk & Performance Ratios
Standard Deviation
This fund
2.14%
Cat. avg.
2.43%
Lower the better
Sharpe Ratio
This fund
-0.29
Cat. avg.
-0.07
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.07
Higher the better
Fund Managers
Amit Modani
Since January 2023
Additional Scheme Detailsas of 15th October 2024
ISIN INF769K01DR8 | Expense Ratio 0.17% | Exit Load No Charges | Fund Size ₹139 Cr | Age 7 years 7 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark CRISIL Dynamic Bond C-III TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Dynamic Bond Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Canara Robeco Dynamic Bond Regular Growth Moderate Risk | 1.8% | 0.0% | ₹107.92 Cr | 9.4% |
| Kotak Dynamic Bond Fund Regular Growth Moderately High risk | 1.3% | 0.0% | ₹2876.86 Cr | 11.1% |
| HDFC Dynamic Debt Fund Regular Growth Moderate Risk | 1.6% | 0.0% | ₹798.52 Cr | 9.8% |
| Bandhan Dynamic Bond Fund Regular Growth Moderate Risk | 1.6% | 0.0% | ₹2830.99 Cr | 12.3% |
| Nippon India Dynamic Bond Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹4397.02 Cr | 10.1% |
| Mahindra Manulife Dynamic Bond Fund Direct Growth Moderate Risk | 0.4% | 0.0% | ₹61.01 Cr | 10.8% |
| Mahindra Manulife Dynamic Bond Fund Regular Growth Moderate Risk | 1.6% | 0.0% | ₹61.01 Cr | 9.5% |
| SBI Dynamic Bond Regular Growth Moderate Risk | 1.4% | 0.0% | ₹3281.91 Cr | 9.8% |
| Baroda BNP Paribas Dynamic Bond Fund Regular Growth Moderate Risk | 1.7% | 0.0% | ₹163.27 Cr | 9.3% |
| Groww Dynamic Bond Fund Regular Growth Moderate Risk | 1.4% | 0.0% | ₹52.25 Cr | 8.0% |
About the AMC
Mirae Asset India Mutual Fund
Total AUM
₹1,97,338 Cr
Address
Unit No. 606, 6th Floor, Mumbai, 400 098
Other Funds by Mirae Asset India Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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- Amit Modani
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