Mirae Asset Dynamic Bond Fund Direct Growth

Mirae Asset Dynamic Bond Fund Direct Growth

Compare
Debt
Direct
Dynamic Bond
NAV: ₹ 15.97 as on 12-04-2024
Fund Performance
zero opening, trading, fund transfer fee
17 people have invested ₹ 41.5K in Mirae Asset Dynamic Bond Fund Direct Growth in the last three months

Mutual Fund Insights

Insights icon
In the last 3 years, UTI Dynamic Bond Fund Direct Plan Growth Option has given 10.67% return, outperforming this fund by 5.83% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (dynamic bond). Its expense ratio is 0.2% which is lower than the category average expense ratio of 0.98%.
Insights icon
In the last 1 year, DSP Strategic Bond Fund Direct Plan Growth has given 9.11% return, outperforming this fund by 2.52%.
Insights icon
In the last 5 years, ICICI Prudential All Seasons Bond Fund Direct Plan Growth has given 8.34% return, outperforming this fund by 1.25% per annum.
Insights icon
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

  1. 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.
  2. The fund has an expense ratio 0.2.

Mirae Asset Dynamic Bond Fund Direct Growth Overview

Expense ratio
Expense ratio
0.2%
Benchmark
Benchmark
CRISIL Composite Bond Fund TR INR
AUM
AUM
₹158 Cr
Inception Date
Inception Date
24 March, 2017
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
0.23%

Mirae Asset Dynamic Bond Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.7%

Credit rating breakup

AAA
100%
Sector Allocation

Mar'24

Feb'24

Jan'24

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 & Cash

Debt Holdings18
Holdings
Weight%
1M Change
07.76 MP Sdl 2027
07.76 MP Sdl 2027
13.12%
0%
07.39 MH Sdl 2026
07.39 MH Sdl 2026
10.4%
0%
Export Import Bank Of India
Export Import Bank Of India
7.8%
0%
Power Grid Corporation Of India Limited
Power Grid Corporation Of India Limited
7.76%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
7.56%
0%

Mirae Asset Dynamic Bond Fund Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Mar'24
Feb'24
Jan'24
AUM
₹ 157.9 Cr
₹ 193 Cr
₹ 190.9 Cr
  • 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

Mirae Asset Dynamic Bond Fund Direct Growth Fund Manager

Amit Modani
Amit Modani
Fund Manager of Mirae Asset Dynamic Bond Fund Direct Growth, since 16 January 2023

Mirae Asset Dynamic Bond Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 6.87% since inception which is more than its category average return of 5.81%
AUM size ₹158 Cr

AUM size ₹158 Cr

This fund has AUM of ₹158 Cr which is less than its category average of ₹ 1421 Cr
Expense Ratio 0.2%

Expense Ratio 0.2%

This fund has an expense ratio of 0.2% 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 ₹15.97 as on 12-Apr-2024.
Existing (Absolute + CAGR) as on 12-Apr-2024.
Mirae Asset Dynamic Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.47%
0.47%
6 Month Returns
3.96%
3.96%
1 Year Returns
6.59%
6.59%
3 Years Returns
15.22%
4.83%
5 Years Returns
40.86%
7.09%
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.
0.2% as on March 2024
₹158 Cr as on March 2024
07.76 MP Sdl 2027(13.12%), 07.39 MH Sdl 2026(10.4%), Export Import Bank Of India(7.8%), Power Grid Corporation Of India Limited(7.76%), National Bank For Agriculture And Rural Development(7.56%) as on March 2024
Government(78.21%), Corporate(17.96%), Cash Equivalent(3.84%) 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%