How to Invest in Mirae Asset Dynamic Bond Fund Direct IDCW?

You can easily invest in Mirae Asset Dynamic Bond Fund Direct IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Mirae Asset Dynamic Bond Fund Direct IDCW from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Mirae Asset Dynamic Bond Fund Direct IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Mirae Asset Dynamic Bond Fund Direct IDCW provide?

The Mirae Asset Dynamic Bond Fund Direct IDCW has been there from 24 Mar 2017 and the average annual returns provided by this fund is 3.66% since its inception.

How much expense ratio is charged by Mirae Asset Dynamic Bond Fund Direct IDCW?

The term Expense Ratio used for Mirae Asset Dynamic Bond Fund Direct IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Mirae Asset Dynamic Bond Fund Direct IDCW is 0.16% as of 07 Feb 2023...

What is the AUM of Mirae Asset Dynamic Bond Fund Direct IDCW?

The AUM, short for Assets Under Management of Mirae Asset Dynamic Bond Fund Direct IDCW is ₹215.65Cr as of 07 Feb 2023.

How to Redeem Mirae Asset Dynamic Bond Fund Direct IDCW?

If you want to sell your Mirae Asset Dynamic Bond Fund Direct IDCW holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Mirae Asset Dynamic Bond Fund Direct IDCW?

You can select either SIP or Lumpsum investment of Mirae Asset Dynamic Bond Fund Direct IDCW based on your investment objective and risk tolerance.

What is the NAV of Mirae Asset Dynamic Bond Fund Direct IDCW?

The NAV of Mirae Asset Dynamic Bond Fund Direct IDCW is ₹14.72 as of 06 Feb 2023.

What is the PE and PB ratio of Mirae Asset Dynamic Bond Fund Direct IDCW?

The PE ratio ratio of Mirae Asset Dynamic Bond Fund Direct IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Mirae Asset Dynamic Bond Fund Direct IDCW - NAV, Mutual Fund Performance & Portfolio

Mirae Asset Dynamic Bond Fund Direct IDCW
Debt
Dynamic Bond
Moderate Risk
Payout
5.22%
3Y annualised
-0.02% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 06 Feb 2023₹14.72
Min. SIP amount₹1,000
Rating2
Fund size₹215.65Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Dynamic Bond
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns3.7%5.2%7.2%6.8%
Category average4.3%5.2%6.3%NA
Rank with in category20188NA
Understand terms
Holdings (15)NameSectorInstrumentAssets
Karnataka State
OthersSDL11.8%
Madhya Pradesh State
OthersSDL11.7%
Indian Railway Finance Corporation Ltd.FinancialBonds9.4%
Maharashtra State
OthersSDL9.3%
Power Grid Corporation Of India Ltd.EnergyDebenture9.3%
Power Finance Corporation Ltd.FinancialNCD8.9%
Export-Import Bank Of India
FinancialBonds7.0%
National Bank For Agriculture & Rural Development
FinancialDebenture6.7%
REC Ltd.FinancialBonds4.7%
Gujarat State
OthersSDL4.7%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Debt Dynamic Bond
Pros
Cons
Exit load is zero
1Y annualised returns lower than category average by 0.69%
Lower expense ratio: 0.16%
Low rating: 2
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
3Y and 5Y annualised returns higher than category average
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Dec 2022 - Present
0.16%
31 Dec 2022 - 31 Dec 2022
0.16%
30 Nov 2022 - 31 Dec 2022
0.16%
30 Nov 2022 - 30 Nov 2022
0.16%
30 Nov 2022 - 30 Nov 2022
0.16%
31 Oct 2022 - 30 Nov 2022
0.16%
31 Oct 2022 - 31 Oct 2022
0.16%
31 Oct 2022 - 31 Oct 2022
0.16%
30 Sep 2022 - 31 Oct 2022
0.16%
30 Sep 2022 - 30 Sep 2022
0.16%
30 Sep 2022 - 30 Sep 2022
0.16%
31 Aug 2022 - 30 Sep 2022
0.16%
31 Aug 2022 - 31 Aug 2022
0.16%
31 Jul 2022 - 31 Aug 2022
0.15%
31 Jul 2022 - 31 Jul 2022
0.15%
31 Jul 2022 - 31 Jul 2022
0.15%
30 Jun 2022 - 31 Jul 2022
0.15%
30 Jun 2022 - 30 Jun 2022
0.15%
31 May 2022 - 30 Jun 2022
0.15%
31 May 2022 - 31 May 2022
0.15%
30 Apr 2022 - 31 May 2022
0.20%
30 Apr 2022 - 30 Apr 2022
0.20%
31 Mar 2022 - 30 Apr 2022
0.19%
31 Mar 2022 - 31 Mar 2022
0.19%
28 Feb 2022 - 31 Mar 2022
0.10%
28 Feb 2022 - 28 Feb 2022
0.10%
31 Jan 2022 - 28 Feb 2022
0.15%
31 Dec 2021 - 31 Jan 2022
0.16%
30 Nov 2021 - 31 Dec 2021
0.18%
31 Oct 2021 - 30 Nov 2021
0.48%
30 Sep 2021 - 31 Oct 2021
0.47%
31 Aug 2021 - 30 Sep 2021
0.48%
31 Jul 2021 - 31 Aug 2021
0.48%
30 Jun 2021 - 31 Jul 2021
0.48%
31 May 2021 - 30 Jun 2021
0.49%
30 Apr 2021 - 31 May 2021
0.50%
31 Mar 2021 - 30 Apr 2021
0.48%
28 Feb 2021 - 31 Mar 2021
0.48%
31 Jan 2021 - 28 Feb 2021
0.50%
31 Dec 2020 - 31 Jan 2021
0.51%
30 Nov 2020 - 31 Dec 2020
0.50%
31 Oct 2020 - 30 Nov 2020
0.46%
30 Sep 2020 - 31 Oct 2020
0.49%
31 Aug 2020 - 30 Sep 2020
0.49%
31 Jul 2020 - 31 Aug 2020
0.48%
30 Jun 2020 - 31 Jul 2020
0.48%
31 May 2020 - 30 Jun 2020
0.46%
30 Apr 2020 - 31 May 2020
0.50%
31 Mar 2020 - 30 Apr 2020
0.78%
29 Feb 2020 - 31 Mar 2020
0.66%
31 Jan 2020 - 29 Feb 2020
0.66%
31 Dec 2019 - 31 Jan 2020
0.30%
30 Nov 2019 - 31 Dec 2019
0.30%
31 Oct 2019 - 30 Nov 2019
0.31%
30 Sep 2019 - 31 Oct 2019
0.32%
31 Aug 2019 - 30 Sep 2019
0.16%
31 Jul 2019 - 31 Aug 2019
0.18%
30 Jun 2019 - 31 Jul 2019
0.19%
31 May 2019 - 30 Jun 2019
0.19%
30 Apr 2019 - 31 May 2019
0.19%
31 Mar 2019 - 30 Apr 2019
0.33%
28 Feb 2019 - 31 Mar 2019
0.36%
31 Jan 2019 - 28 Feb 2019
0.28%
31 Dec 2018 - 31 Jan 2019
0.28%
30 Nov 2018 - 31 Dec 2018
0.28%
31 Oct 2018 - 30 Nov 2018
0.28%
30 Sep 2018 - 31 Oct 2018
0.48%
31 Aug 2018 - 30 Sep 2018
0.48%
31 Jul 2018 - 31 Aug 2018
0.49%
30 Jun 2018 - 31 Jul 2018
0.49%
31 May 2018 - 30 Jun 2018
0.52%
30 Apr 2018 - 31 May 2018
0.51%
31 Mar 2018 - 30 Apr 2018
0.47%
28 Feb 2018 - 31 Mar 2018
0.53%
31 Jan 2018 - 28 Feb 2018
0.58%
31 Dec 2017 - 31 Jan 2018
0.58%
30 Nov 2017 - 31 Dec 2017
0.59%
31 Oct 2017 - 30 Nov 2017
0.58%
Expense ratio, exit load and taxExpense ratio: 0.16%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000
Fund managementAmit Modani
Jan 2023 - Present
View details
Education
Mr. Modani is Chartered Accountant
Experience
Prior to joining BOI AXA Mutual Fund, he has worked with Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.
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Fund house & investment objective
Mirae Asset Mutual Fund
Rank (total assets)#13 in India
Total AUM₹1,02,127.67Cr
Date of Incorporation26 Apr 2019
 Mirae Asset Dynamic Bond Fund Direct IDCW is a Debt Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 26 Apr 2019. Mahendra Jajoo is the Current Fund Manager of Mirae Asset Dynamic Bond Fund Direct IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹1,02,128 Cr and the Latest NAV as of 06 Feb 2023 is ₹14.72.
The Mirae Asset Dynamic Bond Fund Direct IDCW is rated Moderate risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000.
;
Investment ObjectiveThe Scheme seeks to generate optimal returns through active management of a portfolio of debt and money market instruments.
;
Fund benchmarkCRISIL Dynamic Bond Fund CIII Index
Scheme Information Document(SID)
Fund house contact details
Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Launch Date
26 Apr 2019
E-mail
[email protected]
Website
NA
Mirae Asset Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
Mirae Asset Dynamic Bond Fund Direct IDCW
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Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	3.7%	5.2%	7.2%	6.8%
Category average	4.3%	5.2%	6.3%	NA
Rank with in category	20	18	8	NA

Name	Sector	Instrument	Assets
Karnataka State	Others	SDL	11.8%
Madhya Pradesh State	Others	SDL	11.7%
Indian Railway Finance Corporation Ltd.	Financial	Bonds	9.4%
Maharashtra State	Others	SDL	9.3%
Power Grid Corporation Of India Ltd.	Energy	Debenture	9.3%
Power Finance Corporation Ltd.	Financial	NCD	8.9%
Export-Import Bank Of India	Financial	Bonds	7.0%
National Bank For Agriculture & Rural Development	Financial	Debenture	6.7%
REC Ltd.	Financial	Bonds	4.7%
Gujarat State	Others	SDL	4.7%

Rank (total assets)	#13 in India
Total AUM	₹1,02,127.67Cr

Date of Incorporation	26 Apr 2019

Fund benchmark	CRISIL Dynamic Bond Fund CIII Index

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Bengaluru – 560103
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	2
Fund size	₹215.65Cr

Mirae Asset Dynamic Bond Fund Direct IDCW

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (15)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.16%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Amit ModaniJan 2023 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Amit Modani
Jan 2023 - Present
View details