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.

1. Mirae Asset Dynamic Bond Fund Direct Growth has ₹120 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 has given a CAGR return of 7.17% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.24%, 8.15% and 5.59% respectively.

Mirae Asset Dynamic Bond Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 07.71 GJ Sdl 2027, 07.86 KA Sdl 2027, Rural Electrification Corporation Limited, Indian Railway Finance Corporation Limited, Power Finance Corporation Limited

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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

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 for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Dynamic Bond Fund Direct Growth has no lock in period.