Groww Dynamic Bond Fund Direct - Growth
(Scheme Rating)
NAV as of Aug 29, 2024
1,434.43-0.01%
- Growth - Direct
(Earn upto 1.00% Extra Returns with Direct Plan)
Fund Category:
Debt: Dynamic Bond
Expense Ratio:
0.45%(0.46% Category
average)Fund Size:
Rs. 38.95 Cr(0.12% of Investment in Category)
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Groww Dynamic Bond Fund Direct - Growth
(Scheme Rating)
NAV as of Aug 29, 2024
1,434.43-0.01%
Expense Ratio:
0.45%
Fund Size:
Rs. 38.95 Cr
Fund Category:
Debt: Dynamic Bond
1. Current NAV: The Current Net Asset Value of the Groww Dynamic Bond Fund - Direct Plan as of Aug 29, 2024 is Rs 1,434.43 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 7.86% (1yr), 5.33% (3yr), 5.78% (5yr) and 6.5% (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 Groww Dynamic Bond Fund - Direct Plan currently holds Assets under Management worth of Rs 38.95 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.45% for Direct plan as on Aug 20, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Groww Dynamic Bond Fund Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.57 2.19 3.66 7.84 5.32 5.78 Category Avg 0.82 2.60 4.28 8.37 5.80 6.16 Rank within Category 24 24 24 23 21 19 No. of funds within Category 24 24 24 24 23 20 - Loading...
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Return Comparison
- This Fund
- BenchmarkICICI Pru All Seasons Bond Direct-G
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Groww Dynamic Bond Fund Direct - Growth Fund Details
Investment Objective - The scheme seeks to generate reasonable returns commensurate with the risk taken by active duration management of the portfolio. The Scheme would be investing in debt instruments including but not limited to bonds, debentures, government securities and money market instruments over various maturity periods.
Fund House | Groww Mutual Fund |
Launch Date | Dec 06, 2018 |
Benchmark | CRISIL Dynamic Bond B-III Index |
Return Since Launch | 6.49% |
Riskometer | Moderate |
Type | Open-ended |
Risk Grade | Below Average |
Return Grade | Below Average |
Groww Dynamic Bond Fund Direct - Growth Investment Details
Minimum Investment (Rs.) | 100.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 100.00 |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 4.0 | 12.16 | 0.0053 | 7.0646 |
Average Maturity(Yrs) | 5.29 | 31.36 | 0.0055 | 13.5335 |
Yield to Maturity(%) | 6.84 | 8.1 | 4.165 | 7.1667 |
Avg Credit Rating | High | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 79.56 | 80.92 |
Low Risk | 11.74 | 13.46 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 8.70 | 5.59 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 79.56 | 64.08 |
CD | 2.05 | 0.22 |
T-Bills | - | 0.11 |
CP | 6.62 | 0.33 |
NCD & Bonds | 5.12 | 10.58 |
PTC | - | 0.01 |
Cash & Others | 6.64 | 24.44 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
GOI | Long-term Debt | Sovereign | SOV | 127.38 | 32.70 | - |
GOI | Long-term Debt | Sovereign | SOV | 101.21 | 25.99 | - |
GOI | Long-term Debt | Sovereign | SOV | 51.07 | 13.11 | - |
GOI | Long-term Debt | Sovereign | SOV | 20.04 | 5.15 | - |
7.34% National Housing Bank 07/08/2025 | Long-term Debt | Financial | AAA | 19.95 | 5.12 | 2,00,000 |
NTPC Ltd | Short-term Debt | Energy | A1+ | 19.81 | 5.09 | 2,00,000 |
HDFC Bank Ltd 0 | Short-term Debt | Financial | - | 8.00 | 2.05 | 80,000 |
Kotak Securities Ltd | Short-term Debt | Services | A1+ | 5.97 | 1.53 | 60,000 |
GOI | Long-term Debt | Sovereign | SOV | 5.08 | 1.31 | - |
7.38% GOI 20/06/2027 | Long-term Debt | Sovereign | SOV | 5.07 | 1.30 | 50,000 |
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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 Groww Dynamic Bond Fund Direct - Growth 1,434.43 38.95 0.57 7.84 5.32 5.78 ICICI Prudential All Seasons Bond Fund Direct Plan-Growth 36.99 12,666.98 0.82 8.81 7.12 8.09 Aditya Birla Sun Life Dynamic Bond Retail Fund Direct-Growth 46.13 1,703.02 0.95 8.97 7.48 6.18 Kotak All Weather Debt FOF Direct - Growth 11.54 29.84 0.82 8.91 - - Aditya Birla Sun Life Active Debt Multi Manager FoF Scheme Direct-Growth 36.88 15.80 0.75 8.01 5.77 6.67
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.
Low Volatality
1.33VS2.13Fund 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.
Low Volatality
0.68VS0.95Fund 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
-0.22VS0.29Fund 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
-0.43VS10.17Fund 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
-0.48VS0.46Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
5.24VS6.26Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- K.S.Kaustubh SuleSince May 20234 schemes
Mr. Sule is a B.E. (Computer Engineering) & MBA (Finance) Prior to joining Groww Mutual Fund (formerly, Indiabulls Mutual Fund), he has worked with Axis Asset Management Company Ltd. HDFC Standard Life Insurance Company Ltd., Reliance Life Insurance Company Ltd., Union Bank of India, Hexaware Technologies Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Groww Aggressive Hybrid Fund Direct - Growth Aggressive Hybrid 23.10 44.41 32.22 Groww Liquid Direct Fund-Growth Liquid 2,409.56 193.69 7.44 Groww Overnight Fund Direct - Growth Overnight 1,268.85 31.52 6.78 Groww Short Duration Fund Direct-Growth Short Duration 2,223.39 39.34 8.19
More Groww Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Groww Liquid Direct Fund-Growth | 213.88 | 0.62 | 1.88 | 3.78 | 7.36 | 5.58 | |
Groww Nifty Total Market Index Fund Direct - Growth | 145.38 | 6.20 | 13.02 | 16.81 | - | - | |
Groww Large Cap Fund Direct Fund-Growth | 121.26 | 5.90 | 11.92 | 17.68 | 37.87 | 18.88 | |
Groww Nifty Smallcap 250 Index Fund Direct - Growth | 54.02 | 7.66 | 22.13 | - | - | - | |
Groww ELSS Tax Saver Fund Direct - Growth | 46.01 | 6.37 | 13.19 | 17.35 | 41.58 | 19.39 | |
Groww Aggressive Hybrid Fund Direct - Growth | 42.04 | 5.11 | 10.33 | 15.38 | 31.79 | 16.79 | |
Groww Overnight Fund Direct - Growth | 39.57 | 0.57 | 1.66 | 3.33 | 6.77 | 5.25 | |
Groww Short Duration Fund Direct-Growth | 38.57 | 0.76 | 1.86 | 3.71 | 6.97 | 5.23 | |
Groww Dynamic Bond Fund Direct - Growth | 38.32 | 0.72 | 1.76 | 3.55 | 6.50 | 5.15 | |
Groww Banking & Financial Services Fund Direct - Growth | 36.62 | 3.28 | 8.18 | - | - | - |
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1. Groww Dynamic Bond Fund - Direct Plan is Open-ended Dynamic Bond Debt scheme which belongs to Groww Mutual Fund House.
2. The fund was launched on Dec 06, 2018.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate reasonable returns commensurate with the risk taken by active duration management of the portfolio. The Scheme would be investing in debt instruments including but not limited to bonds, debentures, government securities and money market instruments over various maturity periods. "
2. It is benchmarked against CRISIL Dynamic Bond B-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 Groww Dynamic Bond Fund - Direct Plan is 5.29 years and Duration is 4.0 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 Groww Dynamic Bond Fund Direct - Growth
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.
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FAQs about Groww Dynamic Bond Fund Direct - Growth
- Is it safe to invest in Groww Dynamic Bond Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Groww Dynamic Bond Fund - Direct Plan comes under Moderate risk category.
- What is the category of Groww Dynamic Bond Fund - Direct Plan?Groww Dynamic Bond Fund - Direct Plan belongs to the Debt : Dynamic Bond category of funds.
- How Long should I Invest in Groww Dynamic Bond Fund - Direct Plan?The suggested investment horizon of investing into Groww 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 Groww Dynamic Bond Fund - Direct Plan?The Groww Dynamic Bond Fund - Direct Plan is managed by Kaustubh Sule (Since May 11, 2023).
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