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 (%)

Returns and rankings

Category: 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

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

Expense ratio, exit load and tax

Expense ratio: 0.16%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns 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 amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000

Fund management

Amit 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.
Also manages these schemes

Fund house & investment objective

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
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,

Compare funds

Mirae Asset Dynamic Bond Fund Direct IDCW
VS
Add mutual fund to compare
Loading...
ⓒ 2016-2023 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 3.7.0
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  L&T |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  INDIABULLS |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI