Mirae Asset Dynamic Bond Fund - Direct (G)


Dynamic Bond
  • NAV 15.53 (0.02%)
  • Fund Size (Cr) ₹194.89
  • Expense Ratio 0.24
  • Scheme Type Active Fund
  • Value Research
  • Minimum investment ₹5000
  • Minimum Additional Investment ₹1000
  • Minimum SIP Investment ₹1000
  • Minimum Withdrawal ₹0
  • Exit Load 0%
  • Return Since Launch 6.78%

Basic Details

Scheme Manager
Amit Modani
Bench Mark
CRISIL Dynamic Bond C-III Index
Type
OPEN

Lumpsum Returns

  • Period Invested For
  • ₹10000 Invested on
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • Category Avg
  • Rank within Category
  • 1 Week
  • 30-Nov-23
  • 10023.37
  • 0.23%
  • -
  • 0.27%
  • 116/166
  • 1 Month
  • 07-Nov-23
  • 10057.40
  • 0.57%
  • -
  • 0.59%
  • 108/166
  • 3 Month
  • 07-Sep-23
  • 10131.96
  • 1.32%
  • -
  • 1.05%
  • 26/166
  • 6 Month
  • 07-Jun-23
  • 10240.15
  • 2.40%
  • -
  • 1.98%
  • 33/166
  • 1 Year
  • 07-Dec-22
  • 10638.21
  • 6.38%
  • 6.38%
  • 6.23%
  • 76/166
  • 3 Year
  • 07-Dec-20
  • 11254.13
  • 12.54%
  • 4.02%
  • 4.71%
  • 91/155
  • 5 Year
  • 07-Dec-18
  • 14128.94
  • 41.29%
  • 7.16%
  • 6.36%
  • 29/156
  • Since Inception
  • 24-Mar-17
  • 15525.3
  • 55.25%
  • 6.78%
  • 6.95%
  • 98/166

SIP Returns

  • Period Invested For
  • ₹10000 Invested on
  • Investments
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • 1 Year
  • 02-Jan-23
  • 120000
  • 123519.36
  • 2.93%
  • 2.93%
  • 3 Year
  • 01-Jan-21
  • 360000
  • 386725.68
  • 7.42%
  • 2.42%
  • 5 Year
  • 01-Jan-19
  • 600000
  • 685961.35
  • 14.33%
  • 2.71%
  • 10 Year
  • 03-Apr-17
  • 810000
  • 997895.74
  • 23.20%
  • 2.11%

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

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Risk Ratios

  • Standard Deviation
    0.07%
  • Beta
    0.02%
  • Sharpe Ratio
    0.13%
  • Treynor’s Ratio
    0.47%
  • Jension’s Alpha
    0.01%

Asset Allocation

There is no Asset Allocation data.

Sector Allocation

There is no Sector Allocation data.

Top 10 stock holding in portfolio

  • Stock Invested in
  • % of Total Holdings
  • Quantity
  • Value (Cr)
  • Asset Type
  • Segment
  • I R F C
  • 7.71%
  • 1500000
  • 15.11
  • NCD
  • Debt Others
  • E X I M Bank
  • 7.65%
  • 1500000
  • 15.00
  • NCD
  • Debt Others
  • Power Grid Corpn
  • 7.57%
  • 1500000
  • 14.83
  • NCD
  • Debt Others
  • N A B A R D
  • 7.37%
  • 1500000
  • 14.45
  • NCD
  • Debt Others
  • Power Fin.Corpn.
  • 7.35%
  • 1500000
  • 14.40
  • NCD
  • Debt Others
  • REC Ltd
  • 5.13%
  • 1000000
  • 10.06
  • NCD
  • Debt Others
  • S I D B I
  • 5.06%
  • 1000000
  • 9.91
  • NCD
  • Debt Others
  • NHPC Ltd
  • 0.26%
  • 50000
  • 0.51
  • NCD
  • Debt Others
  • Madhya Pradesh 2027
  • 12.84%
  • 2500000
  • 25.16
  • Govt. Securities
  • Govt. Securities
  • MAHARASHTRA 2026
  • 10.17%
  • 2000000
  • 19.93
  • Govt. Securities
  • Govt. Securities

Peer Comparison

  • Scheme Name
  • Value Research
  • Asset Size (Cr)
  • 1M
  • 3M
  • 6M
  • 1Y
  • 3Y
  • Mirae Asset Dynamic Bond Fund - Direct (G)
  • 194.89
  • 0.57%
  • 1.32%
  • 2.40%
  • 6.38%
  • 4.02%
  • DSP Strategic Bond Fund - Direct (IDCW-M)
  • 836.76
  • 0.52%
  • 0.61%
  • 1.96%
  • 9.04%
  • 4.73%
  • DSP Strategic Bond Fund - Direct (IDCW)
  • 836.76
  • 0.52%
  • 0.61%
  • 1.96%
  • 8.14%
  • 4.44%
  • DSP Strategic Bond Fund - Direct (G)
  • 836.76
  • 0.52%
  • 0.61%
  • 1.96%
  • 8.14%
  • 4.44%
  • ICICI Pru All Seasons Bond Fund - Direct (IDCW-W)
  • 11427.22
  • 0.69%
  • 1.83%
  • 3.46%
  • 8.04%
  • 6.03%
  • ICICI Pru All Seasons Bond Fund - Direct (IDCW-A)
  • 11427.22
  • 0.68%
  • 1.83%
  • 3.45%
  • 8.03%
  • 6.13%

News

  • Mirae Asset MF Announces change in scheme name under its schemes Mirae Asset Mutual Fund has announced the change in the names of its below mentioned funds, with effect from December 15, 2023 as follows:

    Change in Scheme name:

    Existing Scheme name(s) Revised Scheme name(s)
    Mirae Asset Emerging Bluechip Fund Mirae Asset Large & Midcap Fund
    Mirae Asset Short Term Fund Mirae Asset Short Duration Fund
    Mirae Asset Tax Saver Fund Mirae Asset ELSS Tax Saver Fund
    Mirae Asset Cash Management Fund Mirae Asset Liquid Fund
    Mirae Asset Hybrid-Equity Fund Mirae Asset Aggressive Hybrid Fund
    Mirae Asset Banking and PSU Debt Fund Mirae Asset Banking and PSU Fund
    Mirae Asset Savings Fund Mirae Asset Low Duration Fund

    Powered by Capital Market - Live News

  • Mirae Asset Mutual Fund Announces Appointment of Key Personnel Mirae Asset Mutual Fund has announced that, Mr. Swarup Anand Mohanty, Director and Key Personnel of AMC has been appointed as Vice Chairman of the AMC with effect from October 24, 2023.

    Details of Mr. Swarup Anand Mohanty

    Age: 53 years

    Designation: Vice- Chairman and Chief Executive Officer

    Qualification: Post Graduate Diploma in Business Management (PGDBM), B.Com (Hons)

    Powered by Capital Market - Live News

  • Mirae Asset Arbitrage Fund Announces change in Exit Load Structure Mirae Asset Mutual Fund has announced that, there is revision in the exit load structure of Mirae Asset Arbitrage Fund, (An open ended scheme investing in arbitrage opportunities) with effect from November 01, 2023 (?effective date?).

    Change in Exit Load:

    Name of the Scheme Existing Exit Load Revised Exit Load
    Mirae Asset Arbitrage Fund 0.25% if redeemed or switched out within 30 days from the date of allotment, Nil after 30 days 0.25% if redeemed or switched out within 15 days from the date of allotment, Nil after 15 days

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

  • Date of Incorporation 03-Mar-2017
  • Total AUM (Cr) ₹195.98

Mirae Asset Dynamic Bond Fund - Direct (G) is an Dynamic Bond-oriented fund from the renowned AMC, Mirae Asset Mutual Fund. Launched in Mar 2017, this fund is managed by Amit Modani. With assets under management (AUM) worth ₹195.98 (Cr), as of 08-Dec-2023, Mirae Asset Dynamic Bond Fund - Direct (G) is categorized as a Dynamic Bond within its segment. The fund has generated a return of 6.78% since its launch.
The current NAV of Mirae Asset Dynamic Bond Fund - Direct (G) is ₹15.53, as on 08-Dec-2023. The fund’s benchmark index is CRISIL Dynamic Bond C-III Index. You can invest in Mirae Asset Dynamic Bond Fund - Direct (G) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹1000 while the minimum lumpsum investment is ₹5000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Exit load is not applicable
The fund has generated 4.02% and 7.16% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments , 97.9% in Debt and 2.1% in cash and cash equivalents

FAQs on Mirae Asset Dynamic Bond Fund - Direct (G)

Mirae Asset Dynamic Bond Fund - Direct (G) is a popular fund in the Dynamic Bond segment. The fund has generated a return of 6.78% since inception. Looking to invest in Mirae Asset Dynamic Bond Fund - Direct (G)? How about earning 1% extra return? All this is possible with m.Stock! Investing in Mirae Asset Dynamic Bond Fund - Direct (G) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, Mirae Asset Dynamic Bond Fund - Direct (G)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in Mirae Asset Dynamic Bond Fund - Direct (G) today and reap the benefits of this Dynamic Bond fund!

In the short term, i.e., 1 year, Mirae Asset Dynamic Bond Fund - Direct (G) has generated annualised return of 6.38%. In the long-term, the fund has generated 4.02% and 7.16% in 3 and 5 years respectively. Since its inception, the fund has generated 6.78% returns.

The expense ratio of Mirae Asset Dynamic Bond Fund - Direct (G) Direct Growth is 0.24%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

The Assets Under Management (AUM) of Mirae Asset Dynamic Bond Fund - Direct (G) is ₹195.98 (Cr) as of 08 December 2023. AUM shows the fund’s popularity and is often indicative of fund strength.

Redeeming or selling units of Mirae Asset Dynamic Bond Fund - Direct (G) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from Mirae Asset Dynamic Bond Fund - Direct (G):

  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case Mirae Asset Dynamic Bond Fund - Direct (G)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).

Yes, you can invest both lumpsum and SIP in Mirae Asset Dynamic Bond Fund - Direct (G). Minimum lumpsum investment Mirae Asset Dynamic Bond Fund - Direct (G) is ₹5000 and minimum SIP amount is ₹1000. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.

The latest NAV (Net Asset Value) of Mirae Asset Dynamic Bond Fund - Direct (G) is ₹15.53 as on 08 December 2023.

The 5 biggest stock holdings of Mirae Asset Dynamic Bond Fund - Direct (G) are:
I R F C (7.71%), E X I M Bank (7.65%), Power Grid Corpn (7.57%), N A B A R D (7.37%), Power Fin.Corpn. (7.35%)

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