Mirae Asset Dynamic Bond Fund Direct Growth
Debt
Direct
Dynamic Bond
NAV: ₹ 15.98 as on 18-04-2024
Fund Performance
16 people have invested ₹ 41.5K in Mirae Asset Dynamic Bond Fund Direct Growth in the last three months
Mutual Fund Insights
In the last 1 year, DSP Strategic Bond Fund Direct Plan Growth has given 9.08% return, outperforming this fund by 2.41%.
This fund has one of the lowest expense ratio in the category (dynamic bond). Its expense ratio is 0.21% which is lower than the category average expense ratio of 0.98%.
In the last 5 years, ICICI Prudential All Seasons Bond Fund Direct Plan Growth has given 8.33% return, outperforming this fund by 1.26% per annum.
In the last 3 years, UTI Dynamic Bond Fund Direct Plan Growth Option has given 10.67% return, outperforming this fund by 5.81% per annum.
Over the last 1 month, this fund has experienced a 18.2% drop in AUM moving from 192.96 Cr to 157.9 Cr.
About the Mirae Asset Dynamic Bond Fund Direct Growth
Mirae Asset Dynamic Bond Fund Direct Growth is a debt fund. This fund was started on 24 March, 2017. The fund is managed by Amit Modani. This fund is suitable to keep your money safe.
Key Parameters
- Mirae Asset Dynamic Bond Fund Direct Growth has ₹158 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.2.
Mirae Asset Dynamic Bond Fund Direct Growth Overview
 | 0.21% |
 Benchmark | CRISIL Composite Bond Fund TR INR |
 | ₹158 Cr |
 | 24 March, 2017 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 0.23% |
Mirae Asset Dynamic Bond Fund Direct Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Government
78.2%
Corporate
18%
Cash Equivalent
3.8%
Top Holdings of Mirae Asset Dynamic Bond Fund Direct Growth as on (31-Mar-24)
Debt Holdings17
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 07.39 MH Sdl 2026 | 12.68% | 0% | |
Export Import Bank Of India | 9.52% | 0% | |
Power Grid Corporation Of India Limited | 9.45% | 0% | |
National Bank For Agriculture And Rural Development | 9.22% | 0% | |
07.71 GJ Sdl 2027 | 8.94% | 0% |
See all
Mirae Asset Dynamic Bond Fund Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 157.9 Cr as of Mar'24
- AUM decreased by 35.1 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Mirae Asset Dynamic Bond Fund Direct Growth Fund Manager
Amit Modani
Fund Manager of Mirae Asset Dynamic Bond Fund Direct Growth, since 16 January 2023
Top funds managed
Mirae Asset Dynamic Bond Fund Direct Growth Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 6.86% since inception which is more than its category average return of 5.81%
AUM size ₹158 Cr
This fund has AUM of ₹158 Cr which is less than its category average of ₹ 1431 Cr
Expense Ratio 0.21%
This fund has an expense ratio of 0.21% which is less than its category average expense ratio of 0.93%
Frequently Asked Questions
The current NAV of Mirae Asset Dynamic Bond Fund Direct Growth is ₹15.98 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
Mirae Asset Dynamic Bond Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.45% | 0.45% |
6 Month Returns | 3.9% | 3.9% |
1 Year Returns | 6.67% | 6.67% |
3 Years Returns | 15.28% | 4.85% |
5 Years Returns | 40.75% | 7.08% |
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.
0.21% as on March 2024
₹158 Cr as on March 2024
07.39 MH Sdl 2026(12.68%), Export Import Bank Of India(9.52%), Power Grid Corporation Of India Limited(9.45%), National Bank For Agriculture And Rural Development(9.22%), 07.71 GJ Sdl 2027(8.94%) as on March 2024
Government(82.54%), Corporate(12.73%), Cash Equivalent(4.73%) as on March 2024
Yield to Maturity is 7.51 as on March 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 2.43 as on March 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Amit Modani is the fund manager of Mirae Asset Dynamic Bond Fund Direct Growth
The Exit load of Mirae Asset Dynamic Bond Fund Direct Growth is 0%