MIRAE ASSET
DYNAMIC BOND FUND - (MADBF)
(Dynamic Bond Fund - An Open ended dynamic debt scheme investing across duration)
A relatively high interest rate risk and relatively high credit risk
| Type of Scheme | Dynamic Bond Fund - An Open ended dynamic debt scheme investing across duration A relatively high interest rate risk and relatively high credit risk |
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| Investment Objective | 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 |
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Fund Manager** |
Mr. Amit Modani - (since January 16, 2023) Allotment Date |
24th March, 2017 Benchmark Index |
Tier-1 - CRISIL Dynamic Bond C-III Index Tier-2 - Nifty PSU Bond Plus SDL Apr 2027 50:50 Index Minimum Investment |
Amount ₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹ 1/- thereafter. Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) Monthly and Quarterly: ₹ 1000/- (multiples of ₹ 1/- thereafter), minimum 5 in case of Monthly or 3 in case of Quarterly option. Load Structure |
Entry load: NA Exit Load: NIL Plans Available |
Regular Plan and Direct Plan Options Available |
Growth Option and IDCW Option (Payout & Re-investment) Monthly Average AUM (₹ Cr.) as on November 30, 2023 |
195.15 Net AUM (₹ Cr.) |
195.08 Monthly Total Expense Ratio |
(Including Statutory Levies) as on November 30, 2023 Regular Plan: 1.13% Direct Plan: 0.24% **For experience of Fund Managers Click Here |
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| NAV: | Direct | Regular |
| Growth | ₹ 15.4891 | ₹ 14.3684 |
| IDCW | ₹ 15.4854 | ₹ 14.3688 |
| Portfolio Holdings | % Allocation |
| Corporate Bond | |
| 7.83% IRFC (21/03/2027)** | 7.71% |
| 7.62% EXIM Bank (01/09/2026)** | 7.67% |
| 7.30% Power Grid Corp Ltd (19/06/2027)** | 7.58% |
| 6.57% NABARD (01/06/2027)** | 7.40% |
| 6.09% Power Fin Corp (27/08/26)** | 7.36% |
| 7.95% REC Ltd (12/03/2027)** | 5.14% |
| 7.44% SIDBI (04/09/2026)** | 5.07% |
| 8.85% NHPC Ltd (11/02/2026)** | 0.26% |
| Corporate Bond Total | 48.19% |
| State Government Bond | |
| 7.76% Madhya Pradesh SDL (01/03/2027) | 12.88% |
| 7.39% Maharashtra SDL (09/11/2026) | 10.21% |
| 7.71% Gujarat SDL (01/03/2027) | 7.20% |
| 7.86% Karnataka SDL (15/03/2027) | 5.17% |
| 7.52% Tamilnadu SDL (24/05/2027) | 5.12% |
| 7.85% Rajasthan SDL (15/03/2027) | 4.39% |
| 7.23% Tamilnadu SDL (14/06/2027) | 2.54% |
| 7.51% Rajasthan SDL (24/05/2027) | 0.22% |
| State Government Bond Total | 47.73% |
| Corporate Debt Market Development Fund^ | |
| Class A2 units of Corporate Debt Market Development Fund # | 0.28% |
| Corporate Debt Market Development Fund Total | 0.28% |
| Cash & Other Receivables Total | 3.80% |
| Total | 100.00% |
** Thinly Traded / Non Traded Security
^Please refer to notice-cum-addendum no. 58/2023 https://www.miraeassetmf.co.in/downloads/statutory-disclosure/addendum
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | 5 Yrs | SI | |
| MADBF | 5.31% | 2.99% | 6.21% | 5.57% |
| Scheme Benchmark* (Tier 1) | 11.51% | 11.97% | 10.51% | 9.31% |
| Scheme Benchmark* (Tier 2) | 6.41% | NA | NA | NA |
| Additional Benchmark** | 6.77% | 2.93% | 5.96% | 5.10% |
| NAV as on 30th November, 2023 | ₹ 14.3684 | |||
| Index Value ( 30th November, 2023) | Index Value of Scheme benchmark is 7,891.96 / 1,098.60 and CRISIL 10 Year Gilt Index is 4,385.09 | |||
| Allotment Date | 24th March, 2017 | |||
| Scheme Benchmark | *Tier-1 - CRISIL Dynamic Bond C-III Index *Tier-2 - Nifty PSU Bond Plus SDL Apr 2027 50:50 Index | |||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | |||
Fund manager : Mr. Amit Modani managing the scheme since 16th January, 2023.
Note: Returns (%) for less than 1 year calculated on simple annualized basis, others are CAGR- Compounded Annualized Growth returns
Latest available NAV has been taken for return calculation wherever applicable
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option
This product is suitable for investors who are seeking*
. Optimal returns over short to medium term
. To generate optimal returns through active management of a portfolio of debt and money market instruments
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
| Average Maturity | 3.13 Years |
| Modified Duration | 2.66 Years |
| Macaulay Duration | 2.81 Years |
| Annualized Portfolio YTM* | 7.71% |
*In case of semi annual YTM, it will be annualized.