Groww Dynamic Bond Direct Fortnightly Reinvestment Inc Dist cum Cap Wdrl

Debt
Direct
Dynamic Bond
Groww Dynamic Bond Direct Fortnightly Reinvestment Inc Dist cum Cap Wdrl

About the Fund

Groww Dynamic Bond Direct Fortnightly Reinvestment Inc Dist cum Cap Wdrl is a debt fund. This fund was started on 4 December, 2018. The fund is managed by Kaustubh Sule. This fund is suitable to keep your money safe.

Key Parameters

  1. Groww Dynamic Bond Direct Fortnightly Reinvestment Inc Dist cum Cap Wdrl has ₹39 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

Groww Dynamic Bond Direct Fortnightly Reinvestment Inc Dist cum Cap Wdrl has given a CAGR return of 4.18% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 0.21%, 3.01% and 3.64% respectively.

Holdings

Groww Dynamic Bond Direct Fortnightly Reinvestment Inc Dist cum Cap Wdrl has allocated its funds majorly in Government, Cash Equivalent, Corporate. Its top holdings are 7.1% Govt Stock 2034, 7.37% Govt Stock 2028, Bajaj Finance Ltd. 8.1%, 7.06% Govt Stock 2028, National Bank For Agriculture And Rural Development

Taxation

As it is a dynamic bond mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Groww Dynamic Bond Direct Fortnightly Reinvestment Inc Dist cum Cap Wdrl

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. However, there can be no assurance that the investment objective of the scheme will be achieved. The Scheme does not assure or guarantee any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 1000.00. Groww Dynamic Bond Direct Fortnightly Reinvestment Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.45%
Benchmark
CRISIL Composite Bond Fund TR INR
AUM₹39 Cr
Inception Date4 December, 2018
Min Lumpsum/SIP₹100/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
50.65%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Government
44.8%
Cash Equivalent
29.2%
Corporate
26.1%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.1% Govt Stock 2034
7.1% Govt Stock 2034
36.57%
0%
7.37% Govt Stock 2028
7.37% Govt Stock 2028
24.99%
100%
Bajaj Finance Ltd. 8.1%
Bajaj Finance Ltd. 8.1%
5.19%
0%
National Housing Bank
National Housing Bank
5.17%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
5.17%
0%

Kaustubh Sule
Kaustubh Sule
Fund Manager of Groww Dynamic Bond Direct Fortnightly Reinvestment Inc Dist cum Cap Wdrl, since 11 May 2023

Groww Dynamic Bond Direct Fortnightly Reinvestment Inc Dist cum Cap Wdrl Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 4.18% since inception which is less than its category average return of 5.88%
AUM size ₹39 Cr

AUM size ₹39 Cr

This fund has AUM of ₹39 Cr which is less than its category average of ₹ 1480 Cr
Expense Ratio 0.45%

Expense Ratio 0.45%

This fund has an expense ratio of 0.45% which is less than its category average expense ratio of 0.95%

Frequently Asked Questions

The current NAV of Groww Dynamic Bond Direct Fortnightly Reinvestment Inc Dist cum Cap Wdrl is ₹1010.21 as on 12-Jul-2024.
Existing (Absolute + CAGR) as on 12-Jul-2024.
Groww Dynamic Bond Direct Fortnightly Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
-0%
-0%
6 Month Returns
0.15%
0.15%
1 Year Returns
0.21%
0.21%
3 Years Returns
9.3%
3.01%
5 Years Returns
19.59%
3.64%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.45% as on June 2024
₹39 Cr as on June 2024
7.1% Govt Stock 2034(36.57%), 7.37% Govt Stock 2028(24.99%), Bajaj Finance Ltd. 8.1%(5.19%), 7.06% Govt Stock 2028(5.17%), National Bank For Agriculture And Rural Development(5.17%) as on June 2024
Government(74.72%), Cash Equivalent(14.89%), Corporate(10.39%) as on June 2024
Yield to Maturity is 7.08 as on June 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 3.12 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Kaustubh Sule is the fund manager of Groww Dynamic Bond Direct Fortnightly Reinvestment Inc Dist cum Cap Wdrl
The Exit load of Groww Dynamic Bond Direct Fortnightly Reinvestment Inc Dist cum Cap Wdrl is 0%