Mirae Asset Dynamic Bond Fund Direct Payout of Income Distribution cum capital withdrawal

Debt
Direct
Dynamic Bond
Mirae Asset Dynamic Bond Fund Direct Payout of Income Distribution cum capital withdrawal

About the Fund

Mirae Asset Dynamic Bond Fund Direct Payout of Income Distribution cum capital withdrawal 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 Payout of Income Distribution cum capital withdrawal has ₹149 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.

Returns

Mirae Asset Dynamic Bond Fund Direct Payout of Income Distribution cum capital withdrawal has given a CAGR return of 6.92% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.19%, 5.13% and 5.98% respectively.

Holdings

Mirae Asset Dynamic Bond Fund Direct Payout of Income Distribution cum capital withdrawal has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 07.39 MH Sdl 2026, 07.71 GJ Sdl 2027, 07.86 KA Sdl 2027, 07.52 Tn SDL 2027, Rural Electrification Corporation Limited

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 Mirae Asset Dynamic Bond Fund Direct Payout of Income Distribution cum capital withdrawal

The objective of the Scheme is to generate optimal returns through active management of a portfolio of debt and money market instruments. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Mirae Asset Dynamic Bond Fund Direct Payout of Income Distribution cum capital withdrawal has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.17%
Benchmark
CRISIL Composite Bond Fund TR INR
AUM₹149 Cr
Inception Date24 March, 2017
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
0.23%
Risk
Risk meter
pointer
Low to Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.6%

AAA
100%

Sector Allocation

Jun'24

May'24

Apr'24

Government
75.1%
Corporate
22.2%
Cash Equivalent
2.7%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
07.39 MH Sdl 2026
07.39 MH Sdl 2026
13.44%
0%
07.71 GJ Sdl 2027
07.71 GJ Sdl 2027
9.48%
0%
07.86 KA Sdl 2027
07.86 KA Sdl 2027
8.16%
0%
07.52 Tn SDL 2027
07.52 Tn SDL 2027
6.75%
0%
Rural Electrification Corporation Limited
Rural Electrification Corporation Limited
6.74%
0%

Amit Modani
Amit Modani
Fund Manager of Mirae Asset Dynamic Bond Fund Direct Payout of Income Distribution cum capital withdrawal, since 16 January 2023

Mirae Asset Dynamic Bond Fund Direct Payout of Income Distribution cum capital withdrawal 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 6.92% since inception which is more than its category average return of 5.89%
AUM size ₹149 Cr

AUM size ₹149 Cr

This fund has AUM of ₹149 Cr which is less than its category average of ₹ 1484 Cr
Expense Ratio 0.17%

Expense Ratio 0.17%

This fund has an expense ratio of 0.17% which is less than its category average expense ratio of 0.95%

Frequently Asked Questions

The current NAV of Mirae Asset Dynamic Bond Fund Direct Payout of Income Distribution cum capital withdrawal is ₹16.32 as on 18-Jul-2024.
Existing (Absolute + CAGR) as on 18-Jul-2024.
Mirae Asset Dynamic Bond Fund Direct Payout of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
0.76%
0.76%
6 Month Returns
4.03%
4.03%
1 Year Returns
7.19%
7.19%
3 Years Returns
16.19%
5.13%
5 Years Returns
33.7%
5.98%
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.
0.17% as on June 2024
₹149 Cr as on June 2024
07.39 MH Sdl 2026(13.44%), 07.71 GJ Sdl 2027(9.48%), 07.86 KA Sdl 2027(8.16%), 07.52 Tn SDL 2027(6.75%), Rural Electrification Corporation Limited(6.74%) as on June 2024
Government(75.11%), Corporate(22.19%), Cash Equivalent(2.7%) as on June 2024
Yield to Maturity is 7.47 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 2.27 as on June 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 Payout of Income Distribution cum capital withdrawal
The Exit load of Mirae Asset Dynamic Bond Fund Direct Payout of Income Distribution cum capital withdrawal is 0%