Mirae Asset Dynamic Bond Fund Direct-IDCW
(Scheme Rating)
NAV as of Aug 29, 2024
16.490.00%
(Earn upto 0.92% Extra Returns with Direct Plan)
Fund Category:
Debt: Dynamic Bond
Expense Ratio:
0.17%(0.46% Category
average)Fund Size:
Rs. 141.97 Cr(0.43% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Mirae Asset Dynamic Bond Fund Direct-IDCW
(Scheme Rating)
NAV as of Aug 29, 2024
16.490.00%
Expense Ratio:
0.17%
Fund Size:
Rs. 141.97 Cr
Fund Category:
Debt: Dynamic Bond
1. Current NAV: The Current Net Asset Value of the Mirae Asset Dynamic Bond Fund - Direct Plan as of Aug 29, 2024 is Rs 16.49 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 7.84% (1yr), 5.26% (3yr), 6.19% (5yr) and 6.96% (since launch). Whereas, Category returns for the same time duration are: 8.36% (1yr), 5.79% (3yr) and 6.16% (5yr).
3. Fund Size: The Mirae Asset Dynamic Bond Fund - Direct Plan currently holds Assets under Management worth of Rs 141.97 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.17% for Direct plan as on Aug 01, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
Mirae Asset Dynamic Bond Fund Direct-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.71 2.24 4.08 7.79 5.26 6.15 Category Avg 0.82 2.58 4.27 8.34 5.78 6.17 Rank within Category 23 24 23 25 23 18 No. of funds within Category 25 25 25 25 24 21 - Loading...
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Return Comparison
- This Fund
- BenchmarkICICI Pru All Seasons Bond Direct-IDCW
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Mirae Asset Dynamic Bond Fund Direct-IDCW Fund Details
Investment Objective - The Scheme seeks to generate optimal returns through active management of a portfolio of debt and money market instruments.
Fund House | Mirae Asset Mutual Fund |
Launch Date | Mar 24, 2017 |
Benchmark | CRISIL Dynamic Bond C-III Index |
Return Since Launch | 6.96% |
Riskometer | Low to Moderate |
Type | Open-ended |
Risk Grade | Below Average |
Return Grade | Low |
Mirae Asset Dynamic Bond Fund Direct-IDCW Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 500.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 2.17 | 12.16 | 2.17 | 7.1658 |
Average Maturity(Yrs) | 2.52 | 29.06 | 2.52 | 14.343 |
Yield to Maturity(%) | 7.32 | 8.1 | 6.96 | 7.2656 |
Avg Credit Rating | Average | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 47.08 | 80.89 |
Low Risk | 48.19 | 12.70 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 4.73 | 6.35 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | - | 54.34 |
CD | - | 0.18 |
T-Bills | - | 0.01 |
CP | - | 0.13 |
NCD & Bonds | 48.19 | 11.52 |
PTC | - | 0.02 |
Cash & Others | 51.81 | 33.68 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
7.39% Maharashtra State 09/11/2026 | Long-term Debt | Others | SOV | 150.92 | 10.63 | 15,00,000 |
7.71% Gujarat State 01/03/2027 | Long-term Debt | Construction | SOV | 142.13 | 10.01 | 14,00,000 |
7.86% Karnataka State 15/03/2027 | Long-term Debt | Others | SOV | 122.22 | 8.61 | 12,00,000 |
7.52% Tamilnadu State 24/05/2027 | Long-term Debt | Others | SOV | 101.17 | 7.13 | 10,00,000 |
7.83% Indian Railway Finance Corporation Ltd 21/03/2027 | Long-term Debt | Financial | AAA | 100.82 | 7.10 | 10,00,000 |
7.95% REC Ltd 12/03/2027 | Long-term Debt | Financial | AAA | 100.86 | 7.10 | 10,00,000 |
7.6% Power Finance Corporation Ltd 20/02/2027 | Long-term Debt | Financial | AAA | 100.46 | 7.08 | 10,00,000 |
7.62% Export-Import Bank Of India 01/09/2026 | Long-term Debt | Financial | AAA | 100.24 | 7.06 | 10,00,000 |
7.3% Power Grid Corporation Of India Ltd 19/06/2027 | Long-term Debt | Energy | AAA | 99.72 | 7.02 | 10,00,000 |
6.57% National Bank For Agriculture & Rural Development 01/06/2027 | Long-term Debt | Financial | AAA | 97.43 | 6.86 | 10,00,000 |
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Mirae Asset Dynamic Bond Fund Direct-IDCW 16.49 141.97 0.65 7.77 5.21 6.18 ICICI Prudential All Seasons Bond Fund Direct Plan-IDCW 24.01 12,666.98 0.83 8.76 7.06 8.08 Aditya Birla Sun Life Dynamic Bond Retail Fund Direct-IDCW 13.17 1,703.02 1.07 8.89 7.44 6.18 Kotak All Weather Debt FOF Direct - IDCW 11.54 29.84 1.10 8.91 - - SBI Dynamic Bond Direct Plan-IDCW 20.40 3,146.36 1.03 9.30 7.06 7.21
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
2.14VS2.13Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
1.05VS0.95Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
-0.19VS0.29Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
-0.39VS10.17Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
-0.70VS0.46Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
5.13VS6.26Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Mirae Asset Mutual Fund News
Fund Manager
- A.M.Amit ModaniSince Jan 20236 schemes
Mr. Modani is Chartered Accountant Prior to joining Mirae Asset Mutual Fund, he has worked with BOI AXA Mutual Fund, Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Corporate Bond Fund Direct-IDCW Corporate Bond 12.11 49.41 7.74 Mirae Asset Money Market Fund Direct - IDCW Money Market 1,195.06 180.00 7.75 Mirae Asset Multi Asset Allocation Fund Direct - IDCW Multi Asset Allocation 11.39 Unrated 1,586.40 - Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct - IDCW Target Maturity 11.44 Unrated 89.04 7.67 Mirae Asset Nifty SDL Jun 2027 Index Fund Direct - IDCW Target Maturity 11.54 Unrated 802.60 8.29 Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct - IDCW Target Maturity 11.80 Unrated 239.66 9.00
More Mirae Asset Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Mirae Asset Large Cap Fund Direct- Growth | 37,631.07 | 5.71 | 9.84 | 11.50 | 26.08 | 15.16 | |
Mirae Asset Large & Midcap Fund Direct-Growth | 35,272.60 | 5.52 | 14.15 | 16.95 | 41.47 | 19.71 | |
Mirae Asset ELSS Tax Saver Fund Direct-Growth | 22,620.57 | 5.50 | 13.17 | 16.07 | 37.38 | 19.01 | |
Mirae Asset Midcap Fund Direct - Growth | 15,353.87 | 6.08 | 19.03 | 20.87 | 51.46 | 25.67 | |
Mirae Asset Liquid Fund Direct- Growth | 11,570.11 | 0.61 | 1.88 | 3.77 | 7.38 | 5.80 | |
Mirae Asset Aggressive Hybrid Fund Direct-Growth | 8,563.76 | 5.34 | 9.90 | 12.94 | 27.28 | 15.50 | |
Mirae Asset Focused Fund Direct - Growth | 7,920.31 | 5.13 | 8.25 | 8.42 | 19.79 | 12.36 | |
Mirae Asset Great Consumer Fund Direct-Growth | 3,409.20 | 6.12 | 16.82 | 16.97 | 36.26 | 24.29 | |
Mirae Asset Multicap Fund Direct - Growth | 2,778.68 | 5.40 | 15.27 | 16.92 | - | - | |
Mirae Asset Healthcare Fund Direct - Growth | 2,201.96 | 5.20 | 8.38 | 20.17 | 47.94 | 16.69 |
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1. Mirae Asset Dynamic Bond Fund - Direct Plan is Open-ended Dynamic Bond Debt scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Mar 24, 2017.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Scheme seeks to generate optimal returns through active management of a portfolio of debt and money market instruments. "
2. It is benchmarked against CRISIL Dynamic Bond C-III Index.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Mirae Asset Dynamic Bond Fund - Direct Plan is 2.52 years and Duration is 2.17 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Mirae Asset Dynamic Bond Fund Direct-IDCW
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about Mirae Asset Dynamic Bond Fund Direct-IDCW
- Is it safe to invest in Mirae Asset Dynamic Bond Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Dynamic Bond Fund - Direct Plan comes under Low to Moderate risk category.
- What is the category of Mirae Asset Dynamic Bond Fund - Direct Plan?Mirae Asset Dynamic Bond Fund - Direct Plan belongs to the Debt : Dynamic Bond category of funds.
- How Long should I Invest in Mirae Asset Dynamic Bond Fund - Direct Plan?The suggested investment horizon of investing into Mirae Asset Dynamic Bond Fund - Direct Plan is >5 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Mirae Asset Dynamic Bond Fund - Direct Plan?The Mirae Asset Dynamic Bond Fund - Direct Plan is managed by Amit Modani (Since Jan 16, 2023).
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