Mirae Asset Dynamic Bond Fund

The fund details shown here are of the Growth Plan option and belongs to the Debt, Dynamic Bond Fund category.

The NAV for Mirae Asset Dynamic Bond Fund Fund is 14.959 as of 19 Jun 2024. NAV or Net Asset Value, is a crucial metric in the context of mutual funds. It represents the per - unit market value of a mutual fund scheme. NAV is calculated by the fund house on every business day and is a key factor in determining the value of an investor's holdings in the mutual fund.

This fund has given 3.96% annualized return for the last 3 years.

At present Mirae Asset Dynamic Bond Fund has not been rated by us.

  • 1M
  • 3M
  • 6M
  • 1YR
  • 3YR
  • 5YR
  • 10YR
  • Since Inception

Performance

Monthly SIP of      for

Below table shows comparison of Mirae Asset Dynamic Bond Fund with respect to the investments in Fixed Deposit and Gold for the Total investment of 36,000 over the period of 3 years.

Total Value Gain Return %
This Fund

38,959

2,959

5.19%

Bank FD

39,824

3,824

6.5%
Gold

40,770

4,770

8.00%

Fund Information

  • As of 31 Jan 2024, fund size of Mirae Asset Dynamic Bond Fund is 190.89 Cr.

  • Mirae Asset Dynamic Bond Fund shown here is of Growth plan.

  • The Total Expense Ratio (TER) of the fund is 1.13%. The Total Expense Ratio (TER) is a measure that represents the total costs associated with managing and operating a mutual fund as a percentage of its average Assets under Management (AUM). It provides an insight into the overall expenses they will incur by investing in the fund.

  • Mirae Asset Dynamic Bond Fund is an Debt oriented mutual fund in the - Dynamic Bond Fund category.

  • CRISIL Dynamic Bond Fund CIII Index is the benchmark for Mirae Asset Dynamic Bond Fund. A benchmark for a mutual fund serves as a standard for performance comparison, helping investors assess how well the fund is meeting its objectives and how it fares against relevant market indicators. Investors often compare the fund's performance with the benchmark as well as its peers.

  • The inception date of a mutual fund refers to the date when the fund was first established and began operations. It is the starting point from which the fund's performance, returns, and other key metrics are calculated. The fund was started on 05 Mar 2017 as at present it is 7 years old fund.

  • Name of the AMC is Mirae Asset Mutual Fund. Click here to know more about Mirae Asset Mutual Fund.

Fund Managed By

Fund managers make investment decisions, optimizing returns and managing risks for portfolios. Responsibilities include market analysis, performance monitoring. Mirae Asset Dynamic Bond Fund managed by following fund manager(s);

How does the Return Comparison of the Mirae Asset Dynamic Bond Fund fare against peer funds in the Dynamic Bond fund category?

Peer fund returns can vary based on the collaborative nature and specific strategies employed by fund managers of these funds listed in below table, often showcasing different risk-return profiles compared to strategy adopted by Mirae Asset Dynamic Bond Fund. Below table demonstrate the returns generated by some peer funds and compare tho this fund and average return generate by the Debt, Dynamic Bond fund category these peer funds belongs to.

Fund Name 1 Week 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 10 Years
Category Best 0.47% 1.11% 5.60% 5.60% 8.13% 9.74% 9.18% 7.87% 9.15%
Category Average 0.33% 0.81% 4.09% 4.52% 6.47% 4.36% 4.73% 6.63% 7.48%
Mirae Asset Dynamic Bond Fund 0.15% 0.65% 1.65% 3.45% 5.87% 6.57% 3.96% 5.49% -
ICICI Prudential All Seasons Bond Fund 0.25% 0.85% 2.04% 3.87% 7.40% 8.43% 6.01% 7.36% 8.56%
Aditya Birla Sun Life Dynamic Bond Fund 0.43% 1.22% 2.29% 4.40% 7.33% 8.83% 6.52% 5.57% 6.82%
SBI Dynamic Bond Fund 0.49% 1.20% 2.34% 4.71% - - - - -
Kotak Dynamic Bond Fund 0.64% 1.67% 2.25% 5.04% 8.38% 7.87% 5.50% 6.64% 7.93%
Nippon India Dynamic Bond Fund 0.23% 0.88% 1.98% 4.34% 6.59% 8.02% 5.05% 5.98% 7.17%

Fund Portfolio Details

Portfolio details of a fund generally refer to a comprehensive breakdown of the investments held within a specific investment vehicle, such as a mutual fund or exchange-traded fund (ETF). Portfolio details of Mirae Asset Dynamic Bond Fund are shown below;

Equity -

Debt 94.97%

Others 5.03%

Top Holdings

Name of the InstrumentHolding Percentage
STATE DEVELOPMENT LOAN 19298 MP 01MR27 7.76 FV RS 100 13.21%
STATE DEVELOPMENT LOAN 18897 MH 09NV26 7.39 FV RS 100 10.47%
EXPORT IMPORT BANK OF INDIA SR-T-06 7.62 BD 01SP26 FVRS10LAC 7.86%
POWER GRID CORPORATION OF INDIA LIMITED SR-LIX 7.3 BD 19JU27 FVRS10LAC LOAUPTO11OT17 7.79%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SERIES MIF 1A 6.57 LOA 01JU27 FVRS10LAC 7.59%
Others 53.08%

Allocation by Instruments

Type of the InstrumentHolding Percentage
GOVERNMENT SECURITIES 48.16%
BOND 46.81%

Portfolio Holdings shown is as of 31 Jan 2024

Riskometer

Investors understand that their principal
will be at Moderate risk