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Top 7 Best Performing Dynamic Bond Funds 2021

Updated on May 10, 2021 , 12225 views

Dynamic Bond Funds refer to the Debt fund schemes that invest their fund money in various fixed Income instruments across varying maturities. These schemes invest in fixed income instruments based on their perception about interest rate scenario and interest rate movements.

This scheme is a part of debt funds. Based who feel confused about interest rate scenarios and interest rate movements can choose to invest in dynamic bond fund. Some of the fixed income instruments in which dynamic bond fund invests its securities include commercial papers, certificate of deposits, gilts, corporate Bonds, and much more. It can be considered as a good investment option for medium to long-term tenures. Some of the top and best dynamic bond funds are listed below as follows.

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Top 7 Best Dynamic Bond Funds to Invest for 2021

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2020 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
IDFC Dynamic Bond Fund Growth	₹27.2753 ↑ 0.01	₹3,952	1	0.8	5.7	10	12.9	6.18%	4Y 6M 18D	5Y 8M 8D
Axis Dynamic Bond Fund Growth	₹23.2411 ↓ 0.00	₹1,912	2.5	1.6	7.8	9.9	12.3	0%
DSP BlackRock Strategic Bond Fund Growth	₹2,637.69 ↑ 1.48	₹821	1.6	1.1	5.4	9.6	12.3	0%
ICICI Prudential Long Term Plan Growth	₹28.2708 ↑ 0.01	₹5,536	1.7	2.5	9.1	9.4	11.8	6.29%	2Y 11M 26D	4Y 3M 14D
SBI Dynamic Bond Fund Growth	₹27.7779 ↑ 0.00	₹3,141	1	0.8	4.7	9.3	10.4	5.14%	3Y 7M 13D	5Y 1M 2D
Mirae Asset Dynamic Bond Fund Growth	₹13.2788 ↑ 0.00	₹148	1.3	1.2	4.3	8.8	9.8	4.64%	2Y 4D	2Y 4M 28D
PGIM India Dynamic Bond Fund Growth	₹2,102.29 ↑ 0.52	₹107	1.4	1.3	5.4	8.6	8.9	5.33%	2Y 10M 20D	3Y 6M 4D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 12 May 21

*List of Dynamic Bond Funds having Assets >= 100 Crore & Sorted on 3 Year CAGR Returns.

1. IDFC Dynamic Bond Fund

To generate optimal returns with high liquidity by active management of the portfolio; by investing in high quality money market & debt instruments. However there can be no assurance that the investment objectives of the Scheme will be realized.

IDFC Dynamic Bond Fund is a Debt - Dynamic Bond fund was launched on 3 Dec 08. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.4% since its launch. Ranked 18 in Dynamic Bond category. Return for 2020 was 12.9% , 2019 was 11% and 2018 was 6.8% .

Below is the key information for IDFC Dynamic Bond Fund

IDFC Dynamic Bond Fund Growth
Launch Date	3 Dec 08
NAV (12 May 21)	₹27.2753 ↑ 0.01 (0.04 %)
Net Assets (Cr)	₹3,952 on 31 Mar 21
Category	Debt - Dynamic Bond
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆
Risk	Moderate
Expense Ratio	1.75
Sharpe Ratio	0.61
Information Ratio	0.16
Alpha Ratio	-1.28
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	6.18%
Effective Maturity	5 Years 8 Months 8 Days
Modified Duration	4 Years 6 Months 18 Days

Growth of 10,000 investment over the years.

Date	Value
30 Apr 16	₹10,000
30 Apr 17	₹11,204
30 Apr 18	₹11,388
30 Apr 19	₹12,372
30 Apr 20	₹14,281
30 Apr 21	₹15,127

IDFC Dynamic Bond Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹206,148.
Net Profit of ₹26,148 Invest Now

Returns for IDFC Dynamic Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 12 May 21

Duration	Returns
1 Month	1%
3 Month	1%
6 Month	0.8%
1 Year	5.7%
3 Year	10%
5 Year	8.6%
10 Year
15 Year
Since launch	8.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2020	12.9%
2019	11%
2018	6.8%
2017	3.5%
2016	13.1%
2015	6.1%
2014	15.8%
2013	4.7%
2012	11.2%
2011	11.3%

Fund Manager information for IDFC Dynamic Bond Fund

Name	Since	Tenure
Suyash Choudhary	15 Oct 10	10.55 Yr.

Data below for IDFC Dynamic Bond Fund as on 31 Mar 21

Asset Allocation

Asset Class	Value
Cash	2.16%
Debt	97.84%

Debt Sector Allocation

Sector	Value
Government	97.84%
Cash Equivalent	2.16%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
6.79% Govt Stock 2027 Sovereign Bonds \| -	40%	₹1,600 Cr	155,100,000 ↑ 10,600,000
7.27% Govt Stock 2026 Sovereign Bonds \| -	22%	₹875 Cr	82,900,000 ↑ 80,400,000
8.24% Govt Stock 2027 Sovereign Bonds \| -	15%	₹582 Cr	52,900,000 ↑ 10,300,000
6.97% Govt Stock 2026 Sovereign Bonds \| -	15%	₹577 Cr	55,300,000 ↑ 20,900,000
8.15% Govt Stock 2026 Sovereign Bonds \| -	5%	₹195 Cr	17,800,000 ↓ -3,700,000
7.59% Govt Stock 2026 Sovereign Bonds \| -	1%	₹37 Cr	3,500,000 ↑ 3,500,000
8.20% Govt Stock 2025 Sovereign Bonds \| -	0%	₹0 Cr	10,000
7.17% Govt Stock 2028 Sovereign Bonds \| -	0%	₹0 Cr	10,000
Net Current Assets Net Current Assets \| -	2%	₹76 Cr
Triparty Repo CBLO/Reverse Repo \| -	0%	₹9 Cr

2. Axis Dynamic Bond Fund

To generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments.

Axis Dynamic Bond Fund is a Debt - Dynamic Bond fund was launched on 27 Apr 11. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.8% since its launch. Ranked 22 in Dynamic Bond category. Return for 2020 was 12.3% , 2019 was 11% and 2018 was 6.2% .

Below is the key information for Axis Dynamic Bond Fund

Axis Dynamic Bond Fund Growth
Launch Date	27 Apr 11
NAV (12 May 21)	₹23.2411 ↓ 0.00 (-0.01 %)
Net Assets (Cr)	₹1,912 on 31 Mar 21
Category	Debt - Dynamic Bond
AMC	Axis Asset Management Company Limited
Rating	☆☆☆
Risk	Moderate
Expense Ratio	1.03
Sharpe Ratio	0.68
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	0%
Effective Maturity
Modified Duration

Growth of 10,000 investment over the years.

Date	Value
30 Apr 16	₹10,000
30 Apr 17	₹10,993
30 Apr 18	₹11,378
30 Apr 19	₹12,282
30 Apr 20	₹13,850
30 Apr 21	₹15,048

Axis Dynamic Bond Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹206,148.
Net Profit of ₹26,148 Invest Now

Returns for Axis Dynamic Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 12 May 21

Duration	Returns
1 Month	0.3%
3 Month	2.5%
6 Month	1.6%
1 Year	7.8%
3 Year	9.9%
5 Year	8.5%
10 Year
15 Year
Since launch	8.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2020	12.3%
2019	11%
2018	6.2%
2017	3.4%
2016	13.4%
2015	6.7%
2014	14.1%
2013	4.9%
2012	10.8%
2011

Fund Manager information for Axis Dynamic Bond Fund

Name	Since	Tenure
R Sivakumar	27 Apr 11	10.02 Yr.
Devang Shah	5 Nov 12	8.49 Yr.

Data below for Axis Dynamic Bond Fund as on 31 Mar 21

Asset Allocation

Asset Class	Value
Cash	6.03%
Debt	93.97%

Debt Sector Allocation

Sector	Value
Government	80.18%
Corporate	13.79%
Cash Equivalent	6.03%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
5.85% Govt Stock 2030 Sovereign Bonds \| -	21%	₹406 Cr	41,500,000 ↑ 41,500,000
06.51 KA SDL 2030 Sovereign Bonds \| -	6%	₹116 Cr	11,864,800
State Bank of India Debentures \| -	4%	₹85 Cr	870
06.87 MH SDL 2030 Sovereign Bonds \| -	3%	₹60 Cr	6,000,000
Food Corporation of India Limited Debentures \| -	3%	₹56 Cr	540
Food Corporation of India Debentures \| -	3%	₹52 Cr	500
Housing Development Finance Corporation Limited Debentures \| -	3%	₹50 Cr	500
NHPC Limited Debentures \| -	2%	₹47 Cr	2,250
Housing Development Finance Corporation Limited Debentures \| -	2%	₹46 Cr	450
Indian Railway Finance Corporation Limited Debentures \| -	2%	₹44 Cr	400

3. DSP BlackRock Strategic Bond Fund

The primary investment objective of the Scheme is to seek to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market securities. However there can be no assurance that the investment objective of the Scheme will be realized.

DSP BlackRock Strategic Bond Fund is a Debt - Dynamic Bond fund was launched on 9 May 07. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.2% since its launch. Ranked 30 in Dynamic Bond category. Return for 2020 was 12.3% , 2019 was 10.3% and 2018 was 6.5% .

Below is the key information for DSP BlackRock Strategic Bond Fund

DSP BlackRock Strategic Bond Fund Growth
Launch Date	9 May 07
NAV (12 May 21)	₹2,637.69 ↑ 1.48 (0.06 %)
Net Assets (Cr)	₹821 on 31 Mar 21
Category	Debt - Dynamic Bond
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆
Risk	Moderate
Expense Ratio	1.07
Sharpe Ratio	0.58
Information Ratio	-0.08
Alpha Ratio	-1.4
Min Investment	1,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	0%
Effective Maturity
Modified Duration

Growth of 10,000 investment over the years.

Date	Value
30 Apr 16	₹10,000
30 Apr 17	₹10,923
30 Apr 18	₹11,155
30 Apr 19	₹12,093
30 Apr 20	₹13,890
30 Apr 21	₹14,642

DSP BlackRock Strategic Bond Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125 Invest Now

Returns for DSP BlackRock Strategic Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 12 May 21

Duration	Returns
1 Month	0.7%
3 Month	1.6%
6 Month	1.1%
1 Year	5.4%
3 Year	9.6%
5 Year	8%
10 Year
15 Year
Since launch	7.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2020	12.3%
2019	10.3%
2018	6.5%
2017	1.8%
2016	13%
2015	6.9%
2014	14.5%
2013	6.3%
2012	10%
2011	9.1%

Fund Manager information for DSP BlackRock Strategic Bond Fund

Name	Since	Tenure
Vikram Chopra	17 Jul 16	4.79 Yr.
Saurabh Bhatia	1 Mar 18	3.17 Yr.

Data below for DSP BlackRock Strategic Bond Fund as on 31 Mar 21

Asset Allocation

Asset Class	Value
Cash	28.8%
Debt	71.2%

Debt Sector Allocation

Sector	Value
Government	70.59%
Cash Equivalent	28.8%
Corporate	0.61%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.17% Govt Stock 2028 Sovereign Bonds \| -	21%	₹170 Cr	16,000,000 ↑ 2,000,000
7.26% Govt Stock 2029 Sovereign Bonds \| -	18%	₹144 Cr	13,500,000 ↓ -5,000,000
6.79% Govt Stock 2027 Sovereign Bonds \| -	10%	₹79 Cr	7,500,000 ↓ -500,000
07.11 GJ SDL 2031 Sovereign Bonds \| -	6%	₹51 Cr	5,000,000 ↑ 5,000,000
07.08 GJ SDL 2031 Sovereign Bonds \| -	6%	₹51 Cr	5,000,000 ↑ 5,000,000
Indian Railway Finance Corporation Limited Debentures \| -	5%	₹38 Cr	350 ↓ -150
6.45% Govt Stock 2029 Sovereign Bonds \| -	3%	₹26 Cr	2,500,000 ↓ -6,000,000
5.85% Govt Stock 2030 Sovereign Bonds \| -	2%	₹20 Cr	2,000,000 ↓ -13,000,000
Housing Development Finance Corporation Limited Debentures \| -	1%	₹5 Cr	50 ↓ -150
08.32 KA SDL 2029MAR Sovereign Bonds \| -	0%	₹0 Cr	2,100

4. ICICI Prudential Long Term Plan

To generate income through investments in a range of debt and money market instruments of various maturities with a view to maximising income while maintaining the optimum balance of yield, safety and liquidity.

ICICI Prudential Long Term Plan is a Debt - Dynamic Bond fund was launched on 20 Jan 10. It is a fund with Moderate risk and has given a CAGR/Annualized return of 9.6% since its launch. Ranked 1 in Dynamic Bond category. Return for 2020 was 11.8% , 2019 was 10.2% and 2018 was 6.2% .

Below is the key information for ICICI Prudential Long Term Plan

ICICI Prudential Long Term Plan Growth
Launch Date	20 Jan 10
NAV (12 May 21)	₹28.2708 ↑ 0.01 (0.02 %)
Net Assets (Cr)	₹5,536 on 31 Mar 21
Category	Debt - Dynamic Bond
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	Moderate
Expense Ratio	1.31
Sharpe Ratio	1.52
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Months (0.25%),1 Months and above(NIL)
Yield to Maturity	6.29%
Effective Maturity	4 Years 3 Months 14 Days
Modified Duration	2 Years 11 Months 26 Days

Growth of 10,000 investment over the years.

Date	Value
30 Apr 16	₹10,000
30 Apr 17	₹11,232
30 Apr 18	₹11,880
30 Apr 19	₹12,743
30 Apr 20	₹14,195
30 Apr 21	₹15,517

ICICI Prudential Long Term Plan SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹209,201.
Net Profit of ₹29,201 Invest Now

Returns for ICICI Prudential Long Term Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 12 May 21

Duration	Returns
1 Month	0.7%
3 Month	1.7%
6 Month	2.5%
1 Year	9.1%
3 Year	9.4%
5 Year	9.2%
10 Year
15 Year
Since launch	9.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2020	11.8%
2019	10.2%
2018	6.2%
2017	5.1%
2016	16.9%
2015	5.7%
2014	19.4%
2013	9.6%
2012	9.9%
2011	8.9%

Fund Manager information for ICICI Prudential Long Term Plan

Name	Since	Tenure
Manish Banthia	28 Sep 12	8.59 Yr.
Anuj Tagra	15 Jan 15	6.29 Yr.

Data below for ICICI Prudential Long Term Plan as on 31 Mar 21

Asset Allocation

Asset Class	Value
Cash	18.81%
Debt	81.19%

Debt Sector Allocation

Sector	Value
Corporate	44.22%
Government	36.97%
Cash Equivalent	18.81%

Credit Quality

Rating	Value
AA	46.25%
AAA	53.75%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
6.22% Govt Stock 2035 Sovereign Bonds \| -	18%	₹999 Cr	104,491,500 ↑ 12,432,500
8.79% Govt Stock 2021 Sovereign Bonds \| -	6%	₹309 Cr	30,000,000 ↑ 30,000,000
Embassy Office Parks Reit Debentures \| -	4%	₹230 Cr	1,900
07.17 UP SDL 2031 Sovereign Bonds \| -	3%	₹153 Cr	15,000,000 ↑ 15,000,000
National Bank For Agriculture And Rural Development Debentures \| -	3%	₹150 Cr	1,500
Godrej Industries Limited Debentures \| -	3%	₹148 Cr	1,500
ICICI Bank Limited Debentures \| -	2%	₹127 Cr	1,249
TMF Holdings Limited Debentures \| -	2%	₹121 Cr	1,000
Tata Realty And Infrastructure Limited Debentures \| -	2%	₹111 Cr	1,100
Godrej Properties Limited Debentures \| -	2%	₹111 Cr	1,100

5. SBI Dynamic Bond Fund

To actively manage a portfolio of good quality debt as well as Money Market Instruments so as to provide reasonable returns and liquidity to the Unit holders.

SBI Dynamic Bond Fund is a Debt - Dynamic Bond fund was launched on 9 Feb 04. It is a fund with Moderate risk and has given a CAGR/Annualized return of since its launch. Ranked 5 in Dynamic Bond category. Return for 2020 was 10.4% , 2019 was 12.7% and 2018 was 5.1% .

Below is the key information for SBI Dynamic Bond Fund

SBI Dynamic Bond Fund Growth
Launch Date	9 Feb 04
NAV (12 May 21)	₹27.7779 ↑ 0.00 (0.01 %)
Net Assets (Cr)	₹3,141 on 31 Mar 21
Category	Debt - Dynamic Bond
AMC	SBI Funds Management Private Limited
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	1.65
Sharpe Ratio	0.57
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-1 Months (0.25%),1 Months and above(NIL)
Yield to Maturity	5.14%
Effective Maturity	5 Years 1 Month 2 Days
Modified Duration	3 Years 7 Months 13 Days

Growth of 10,000 investment over the years.

Date	Value
30 Apr 16	₹10,000
30 Apr 17	₹11,271
30 Apr 18	₹11,621
30 Apr 19	₹12,495
30 Apr 20	₹14,426
30 Apr 21	₹15,181

SBI Dynamic Bond Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹206,148.
Net Profit of ₹26,148 Invest Now

Returns for SBI Dynamic Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 12 May 21

Duration	Returns
1 Month	0.2%
3 Month	1%
6 Month	0.8%
1 Year	4.7%
3 Year	9.3%
5 Year	8.6%
10 Year
15 Year
Since launch

Historical performance (Yearly) on absolute basis

Year	Returns
2020	10.4%
2019	12.7%
2018	5.1%
2017	3.9%
2016	15.3%
2015	5.8%
2014	12.8%
2013	3.8%
2012	11%
2011	11.6%

Fund Manager information for SBI Dynamic Bond Fund

Name	Since	Tenure
Dinesh Ahuja	1 Feb 11	10.25 Yr.

Data below for SBI Dynamic Bond Fund as on 31 Mar 21

Asset Allocation

Asset Class	Value
Cash	49.09%
Debt	50.91%

Debt Sector Allocation

Sector	Value
Government	50.91%
Cash Equivalent	46.81%
Corporate	2.27%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
5.85% Govt Stock 2030 Sovereign Bonds \| -	22%	₹684 Cr	70,000,000 ↑ 30,500,000
6.22% Govt Stock 2035 Sovereign Bonds \| -	8%	₹253 Cr	26,500,000 ↑ 26,500,000
6.79% Govt Stock 2027 Sovereign Bonds \| -	5%	₹170 Cr	16,500,000
7.17% Govt Stock 2028 Sovereign Bonds \| -	5%	₹157 Cr	15,000,000
5.15% Govt Stock 2025 Sovereign Bonds \| -	3%	₹92 Cr	9,408,000 ↑ 2,408,000
5.77% GOI 2030 Sovereign Bonds \| -	3%	₹82 Cr	8,500,000
91 DTB 13052021 Sovereign Bonds \| -	2%	₹50 Cr	5,000,000
7.26% Govt Stock 2029 Sovereign Bonds \| -	2%	₹47 Cr	4,500,000 ↓ -12,500,000
07.35 KA SDL 2040 Sovereign Bonds \| -	1%	₹45 Cr	4,300,000
07.35 KA SDL 2039 Sovereign Bonds \| -	1%	₹45 Cr	4,300,000

6. Mirae Asset Dynamic Bond Fund

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.

Mirae Asset Dynamic Bond Fund is a Debt - Dynamic Bond fund was launched on 24 Mar 17. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.1% since its launch. Return for 2020 was 9.8% , 2019 was 11.1% and 2018 was 4.6% .

Below is the key information for Mirae Asset Dynamic Bond Fund

Mirae Asset Dynamic Bond Fund Growth
Launch Date	24 Mar 17
NAV (12 May 21)	₹13.2788 ↑ 0.00 (0.02 %)
Net Assets (Cr)	₹148 on 31 Mar 21
Category	Debt - Dynamic Bond
AMC	Mirae Asset Global Inv (India) Pvt. Ltd
Rating	Not Rated
Risk	Moderate
Expense Ratio	1
Sharpe Ratio	0.32
Information Ratio	-0.28
Alpha Ratio	-1
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-182 Days (0.5%),182 Days and above(NIL)
Yield to Maturity	4.64%
Effective Maturity	2 Years 4 Months 28 Days
Modified Duration	2 Years 4 Days

Growth of 10,000 investment over the years.

Date	Value
30 Apr 17	₹10,024
30 Apr 18	₹10,259
30 Apr 19	₹10,954
30 Apr 20	₹12,685
30 Apr 21	₹13,179

Mirae Asset Dynamic Bond Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹206,148.
Net Profit of ₹26,148 Invest Now

Returns for Mirae Asset Dynamic Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 12 May 21

Duration	Returns
1 Month	0.7%
3 Month	1.3%
6 Month	1.2%
1 Year	4.3%
3 Year	8.8%
5 Year
10 Year
15 Year
Since launch	7.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2020	9.8%
2019	11.1%
2018	4.6%
2017
2016
2015
2014
2013
2012
2011

Fund Manager information for Mirae Asset Dynamic Bond Fund

Name	Since	Tenure
Mahendra Jajoo	24 Mar 17	4.11 Yr.

Data below for Mirae Asset Dynamic Bond Fund as on 31 Mar 21

Asset Allocation

Asset Class	Value
Cash	35.33%
Debt	64.67%

Debt Sector Allocation

Sector	Value
Government	47.84%
Cash Equivalent	35.33%
Corporate	16.82%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
6.18% Govt Stock 2024 Sovereign Bonds \| -	21%	₹31 Cr	3,000,000
5.15% Govt Stock 2025 Sovereign Bonds \| -	13%	₹20 Cr	2,000,000 ↑ 2,000,000
National Bank For Agriculture and Rural Development Debentures \| -	7%	₹10 Cr	1,000,000
Oil & Natural Gas Corporation Limited Debentures \| -	7%	₹10 Cr	1,000,000
Housing Development Finance Corporation Limited Debentures \| -	7%	₹10 Cr	1,000,000
Indian Railway Finance Corporation Limited Debentures \| -	4%	₹5 Cr	500,000 ↑ 500,000
National Housing Bank Debentures \| -	3%	₹5 Cr	500,000 ↑ 500,000
6.22% Govt Stock 2035 Sovereign Bonds \| -	3%	₹5 Cr	500,000 ↑ 500,000
Triparty Repo CBLO/Reverse Repo \| -	37%	₹55 Cr
Net Receivables / (Payables) Net Current Assets \| -	1%	-₹2 Cr

7. PGIM India Dynamic Bond Fund

PGIM India Dynamic Bond Fund is a Debt - Dynamic Bond fund was launched on 12 Jan 12. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.3% since its launch. Return for 2020 was 8.9% , 2019 was 10.7% and 2018 was 6.9% .

Below is the key information for PGIM India Dynamic Bond Fund

PGIM India Dynamic Bond Fund Growth
Launch Date	12 Jan 12
NAV (12 May 21)	₹2,102.29 ↑ 0.52 (0.02 %)
Net Assets (Cr)	₹107 on 31 Mar 21
Category	Debt - Dynamic Bond
AMC	Pramerica Asset Managers Private Limited
Rating	Not Rated
Risk	Moderate
Expense Ratio	1.45
Sharpe Ratio	0.53
Information Ratio	-0.69
Alpha Ratio	-1.16
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-30 Days (1%),30 Days and above(NIL)
Yield to Maturity	5.33%
Effective Maturity	3 Years 6 Months 4 Days
Modified Duration	2 Years 10 Months 20 Days

Growth of 10,000 investment over the years.

Date	Value
30 Apr 16	₹10,000
30 Apr 17	₹11,113
30 Apr 18	₹11,580
30 Apr 19	₹12,547
30 Apr 20	₹14,038
30 Apr 21	₹14,827

PGIM India Dynamic Bond Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹206,148.
Net Profit of ₹26,148 Invest Now

Returns for PGIM India Dynamic Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 12 May 21

Duration	Returns
1 Month	0.7%
3 Month	1.4%
6 Month	1.3%
1 Year	5.4%
3 Year	8.6%
5 Year	8.2%
10 Year
15 Year
Since launch	8.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2020	8.9%
2019	10.7%
2018	6.9%
2017	4.6%
2016	13.5%
2015	6.5%
2014	13.5%
2013	3.8%
2012
2011

Fund Manager information for PGIM India Dynamic Bond Fund

Name	Since	Tenure
Puneet Pal	13 Dec 17	3.3 Yr.

Data below for PGIM India Dynamic Bond Fund as on 31 Mar 21

Asset Allocation

Asset Class	Value
Cash	15.24%
Debt	84.76%

Debt Sector Allocation

Sector	Value
Government	68.49%
Corporate	16.27%
Cash Equivalent	15.24%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
5.15% Govt Stock 2025 Sovereign Bonds \| -	15%	₹16 Cr	1,650,000 ↑ 1,650,000
5.22% GOI 2025 Sovereign Bonds \| -	12%	₹12 Cr	1,250,000 ↑ 1,250,000
Housing Development Finance Corporation Limited Debentures \| -	9%	₹10 Cr	1,000,000 ↑ 1,000,000
7.26% Govt Stock 2029 Sovereign Bonds \| -	7%	₹8 Cr	726,000 ↓ -107,000
6.79% Govt Stock 2027 Sovereign Bonds \| -	7%	₹7 Cr	720,000 ↑ 250,000
06.69 MP SDL 2025 Sovereign Bonds \| -	6%	₹7 Cr	660,000 ↑ 660,000
Rural Electrification Corporation Limited Debentures \| -	5%	₹5 Cr	500,000 ↑ 500,000
National Bank For Agriculture and Rural Development Debentures \| -	5%	₹5 Cr	500,000 ↑ 500,000
Indian Oil Corporation Limited Debentures \| -	5%	₹5 Cr	500,000 ↑ 500,000
Indian Oil Corporation Limited Debentures \| -	5%	₹5 Cr	500,000 ↑ 500,000

Why Choose Dynamic Bond Fund?

As mentioned earlier, dynamic bond fund is suitable for investors who are not much comfortable with the interest rate movements. To explain, the interest rates and bond prices share an inverse relationship. In other words, as the interest rate decrease, the bond price tends to rise. During the falling interest trend, the fund manager tries to increase the holdings in long-term fixed income funds. In addition, they diversify their portfolio by Investing in short and medium-term funds. Such a strategy is called as duration strategy. Therefore, as the interest rate falls, the price of the long-term fixed income funds tends to increase along with these funds earning regular income. However, when there is a u-turn in the interest rate scenario from low to high; the fund managers try to increase their holdings in the short and medium-term fixed income instruments and reduce the holdings in gilts. Thus, by managing the portfolio actively, the fund managers of dynamic bond fund ensure that their investors earn commensurate returns.

How to Invest in Dynamic Bonds Online?

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.