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

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

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Debt
Direct
Dynamic Bond
NAV: ₹ 16.11 as on 24-05-2024

About the Fund

Mirae Asset Dynamic Bond Fund Direct Reinvestment 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 Reinvestment of Income Distribution cum capital withdrawal has ₹154 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.
Fund Performance

Overview

Expense ratio
Expense ratio
0.17%
Benchmark
Benchmark
CRISIL Composite Bond Fund TR INR
AUM
AUM
₹154 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 Reinvestment of Income Distribution cum capital withdrawal Distribution as on (31-Dec-69)

  • Debt & Cash 99.6%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Government
80.6%
Corporate
12.9%
Cash Equivalent
6.5%

Top Holdings of Mirae Asset Dynamic Bond Fund Direct Reinvestment of Income Distribution cum capital withdrawal as on (30-Apr-24)

  • Debt & Cash

Debt Holdings18
Holdings
Weight%
1M Change
07.39 MH Sdl 2026
07.39 MH Sdl 2026
13.04%
0%
Export Import Bank Of India
Export Import Bank Of India
9.77%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
9.47%
0%
07.71 GJ Sdl 2027
07.71 GJ Sdl 2027
9.2%
0%
07.86 KA Sdl 2027
07.86 KA Sdl 2027
7.91%
0%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 155.3 Cr
₹ 157.9 Cr
₹ 193 Cr
  • AUM of the fund stands at 155.3 Cr as of Apr'24
  • AUM decreased by 2.6 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Fund Manager

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

Mirae Asset Dynamic Bond Fund Direct Reinvestment 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 6.88% since inception which is more than its category average return of 5.89%
AUM size ₹154 Cr

AUM size ₹154 Cr

This fund has AUM of ₹154 Cr which is less than its category average of ₹ 1482 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 Reinvestment of Income Distribution cum capital withdrawal is ₹16.11 as on 24-May-2024.
Existing (Absolute + CAGR) as on 24-May-2024.
Mirae Asset Dynamic Bond Fund Direct Reinvestment of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
0.85%
0.85%
6 Month Returns
4.16%
4.16%
1 Year Returns
6.58%
6.58%
3 Years Returns
15.09%
4.8%
5 Years Returns
40.66%
7.06%
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 April 2024
₹154 Cr as on April 2024
07.39 MH Sdl 2026(13.04%), Export Import Bank Of India(9.77%), National Bank For Agriculture And Rural Development(9.47%), 07.71 GJ Sdl 2027(9.2%), 07.86 KA Sdl 2027(7.91%) as on April 2024
Government(81.6%), Corporate(14.7%), Cash Equivalent(3.7%) as on April 2024
Yield to Maturity is 7.55 as on April 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 2.29 as on April 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 Reinvestment of Income Distribution cum capital withdrawal
The Exit load of Mirae Asset Dynamic Bond Fund Direct Reinvestment of Income Distribution cum capital withdrawal is 0%