JM Dynamic Bond Fund (Direct) Monthly Reinvestment of Medium to Long Dur Dist cum capitalwithdrawal

Debt
Direct
Dynamic Bond
JM Dynamic Bond Fund (Direct) Monthly Reinvestment of Medium to Long Dur Dist cum capitalwithdrawal

About the Fund

JM Dynamic Bond Fund (Direct) Monthly Reinvestment of Medium to Long Dur Dist cum capitalwithdrawal is a debt fund. This fund was started on 15 December, 2014. The fund is managed by Gurvinder Wasan. This fund is suitable to keep your money safe.

Key Parameters

  1. JM Dynamic Bond Fund (Direct) Monthly Reinvestment of Medium to Long Dur Dist cum capitalwithdrawal has ₹40 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

JM Dynamic Bond Fund (Direct) Monthly Reinvestment of Medium to Long Dur Dist cum capitalwithdrawal has given a CAGR return of 7.27% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.98%, 5.76% and 6.00% respectively.

Holdings

JM Dynamic Bond Fund (Direct) Monthly Reinvestment of Medium to Long Dur Dist cum capitalwithdrawal has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 7.37% Govt Stock 2028, 7.32% Govt Stock 2030, 7.18% Govt Stock 2037, 7.1% Govt Stock 2034, 7.1% Govt Stock 2029

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 JM Dynamic Bond Fund (Direct) Monthly Reinvestment of Medium to Long Dur Dist cum capitalwithdrawal

The investment objective will be to actively manage a portfolio of good quality debt as well as Money Market Instruments so as to provide reasonable returns and liquidity to the Unit holders. Investors are required to read all the scheme related information set out in the offer documents carefully and also note that there can be no assurance that the investment objectives of the scheme will be realized. The scheme does not guarantee/ indicate any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. JM Dynamic Bond Fund (Direct) Monthly Reinvestment of Medium to Long Dur Dist cum capitalwithdrawal has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.52%
Benchmark
CRISIL Composite Bond Fund TR INR
AUM₹40 Cr
Inception Date15 December, 2014
Min Lumpsum/SIP₹1000/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
319.22%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Government
93.1%
Cash Equivalent
6.9%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.37% Govt Stock 2028
7.37% Govt Stock 2028
21.72%
-35.7%
7.32% Govt Stock 2030
7.32% Govt Stock 2030
19.32%
0%
7.18% Govt Stock 2037
7.18% Govt Stock 2037
16.86%
0%
7.1% Govt Stock 2034
7.1% Govt Stock 2034
12%
0%
7.1% Govt Stock 2029
7.1% Govt Stock 2029
11.95%
0%

Gurvinder Wasan
Gurvinder Wasan
Fund Manager of JM Dynamic Bond Fund (Direct) Monthly Reinvestment of Medium to Long Dur Dist cum capitalwithdrawal, since 5 April 2022

JM Dynamic Bond Fund (Direct) Monthly Reinvestment of Medium to Long Dur Dist cum capitalwithdrawal 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 7.27% since inception which is more than its category average return of 5.9%
AUM size ₹40 Cr

AUM size ₹40 Cr

This fund has AUM of ₹40 Cr which is less than its category average of ₹ 1479 Cr
Expense Ratio 0.52%

Expense Ratio 0.52%

This fund has an expense ratio of 0.52% which is less than its category average expense ratio of 0.95%

Frequently Asked Questions

The current NAV of JM Dynamic Bond Fund (Direct) Monthly Reinvestment of Medium to Long Dur Dist cum capitalwithdrawal is ₹41.02 as on 24-Jun-2024.
Existing (Absolute + CAGR) as on 24-Jun-2024.
JM Dynamic Bond Fund (Direct) Monthly Reinvestment of Medium to Long Dur Dist cum capitalwithdrawal
Absolute Returns
CAGR Returns
1 Month Returns
0.66%
0.66%
6 Month Returns
4.29%
4.29%
1 Year Returns
6.98%
6.98%
3 Years Returns
18.3%
5.76%
5 Years Returns
33.81%
6%
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.
0.52% as on May 2024
₹40 Cr as on May 2024
7.37% Govt Stock 2028(21.72%), 7.32% Govt Stock 2030(19.32%), 7.18% Govt Stock 2037(16.86%), 7.1% Govt Stock 2034(12%), 7.1% Govt Stock 2029(11.95%) as on May 2024
Yield to Maturity is 7.14 as on May 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 5.52 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Gurvinder Wasan is the fund manager of JM Dynamic Bond Fund (Direct) Monthly Reinvestment of Medium to Long Dur Dist cum capitalwithdrawal
The Exit load of JM Dynamic Bond Fund (Direct) Monthly Reinvestment of Medium to Long Dur Dist cum capitalwithdrawal is 0%