Mirae Asset Dynamic Bond Fund Direct - Growth

Q: What are the returns of Mirae Asset Dynamic Bond Fund?

The Mirae Asset Dynamic Bond Fund is a 8 yrs 1 m old fund and has delivered average annual returns of 7.11% since inception. Mirae Asset Dynamic Bond Fund Returns 1-Year 3-Year 5-Year Since Inception 9.04% 6.9% 5.6% 7.11%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹17.4301+0.07% 1 day change	7.11% p.a.	#NA View Ranked Funds	3

Historical NAV & returns

NAV: ₹17.4301 as on Apr 23, 2025

This fund Category average

Mirae Asset Dynamic Bond Fund overview

VRO rating	3
Expense ratio	0.16% as on Mar 31, 2025
Exit load	0% Exit load of 0.50% if redeemed within 182 days.!
AUM (Fund size)	₹117 Crs
Lock-in	No Lockin
Age	8 yrs 1 m since Mar 03, 2017
Benchmark	CRISIL Dynamic Bond A-III Index
Min. investment	SIP ₹1000 & Lump. ₹5000
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Mirae Asset Dynamic Bond Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Apr 24, 2025

Period	This fund	Category average
1 month	1.38%	2.71%
3 months	2.66%	4.19%
6 months	4.37%	5.82%
1 year	9.04%	11.96%
3 years	6.9%	8.48%
5 years	5.6%	7.22%
7 years	7.52%	7.82%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AAA 51.75856601%

SOV 44.17481187%

Cash & Call Money 3.56003904%

Others 0.50658301%

Top Debt Holdings

Gujarat State 12.13%

Karnataka State 10.43%

REC Ltd. 8.63%

Tamilnadu State 8.63%

Allocation by Instruments

State Development Loan 44.17481187%

Bonds 26.24078154%

Debenture 16.92382518%

Bonds/Debentures 8.59395929%

Other Holdings

Others 0.51%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Mirae Asset Dynamic Bond Fund	N.A.	₹117 Crs	8 yrs 1 m	0.16%
ICICI Prudential All Seasons Bond Fund	N.A.	₹14,363 Crs	12 yrs 3 m	0.59%
PGIM India Dynamic Bond Fund	N.A.	₹103 Crs	12 yrs 3 m	0.35%
JM Dynamic Bond Fund	N.A.	₹45 Crs	12 yrs 3 m	0.52%
360 ONE Dynamic Bond Fund	N.A.	₹724 Crs	11 yrs 10 m	0.27%
Groww Dynamic Bond Fund	N.A.	₹62 Crs	6 yrs 5 m	0.4518%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mirae Asset Dynamic Bond Fund	1.38%	4.37%	9.04%	6.9%	5.6%	N.A.
ICICI Prudential All Seasons Bond Fund	2.07%	5.79%	11.24%	8.81%	8.05%	8.9%
PGIM India Dynamic Bond Fund	2.9%	6.25%	12.89%	8.78%	7.25%	8.41%
JM Dynamic Bond Fund	2.82%	6.35%	11.86%	7.91%	6.96%	7.5%
360 ONE Dynamic Bond Fund	2.29%	5.43%	11.23%	7.88%	7.43%	7.42%
Groww Dynamic Bond Fund	2.93%	5.9%	10.87%	7.3%	6.27%	4.42%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mirae Asset Dynamic Bond Fund	2.06	1.09	-0.13	-0.11
ICICI Prudential All Seasons Bond Fund	1.39	0.8	1.3	1.81
PGIM India Dynamic Bond Fund	1.83	1.02	0.87	1.93
JM Dynamic Bond Fund	1.66	0.89	0.51	1.02
360 ONE Dynamic Bond Fund	1.85	1.1	0.45	0.68
Groww Dynamic Bond Fund	1.88	1.0	0.04	0.07

View all Dynamic Bond funds

Key risk & return ratios Compared to other funds in the category

Alpha	-0.81 vs. 2.59 Underperformed at beating benchmark
Sharpe	-0.13 vs. 2.7 Poor risk-adjusted returns
Beta	1.09 vs. 0.95 More sensitive to market's ups & downs
Standard deviation	2.06 vs. 2.32 More stable returns

Compare Mirae Asset Dynamic Bond Fund in detail with

About this fund

About Mirae Asset Dynamic Bond Fund

Mirae Asset Dynamic Bond Fund Direct - Growth is a Dynamic Bond mutual fund scheme from Mirae Asset Mutual Fund. This fund has been in existence for 8 yrs 1 m, having been launched on 03/03/2017. Mirae Asset Dynamic Bond Fund Direct - Growth has ₹117 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mirae Asset Dynamic Bond Fund Direct - Growth as of 23/04/2025 is ₹17.43. The fund has an expense ratio of 0.16%, which is less than what most other Dynamic Bond funds charge.

Mirae Asset Dynamic Bond Fund Direct - Growth returns of last 1-year are 9.06%. Since launch, it has delivered 7.11% average annual returns.
Mirae Asset Dynamic Bond Fund Direct - Growth scheme's ability to deliver returns consistently is lower than most funds of its category. Its ability to control losses in a falling market is low.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in Gujarat State, Karnataka State, REC Ltd., Tamilnadu State, Indian Railway Finance Corporation Ltd..

...

Fund AUM	₹117 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Amit Modani

Mr. Modani is Chartered Accountant Prior to joining Mirae Asset Mutual Fund, he has worked with BOI AXA Mutual Fund, Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.

Investment objective

The Scheme seeks to generate optimal returns through active management of a portfolio of debt and money market instruments.

Mirae Asset Mutual Fund details

No. of schemes	43 view all schemes
Total AUM	₹1,90,637 Crs as on Mar 31, 2025
Address	Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai, 400098
Phone	022-67800301 / 1800-2090-777

More funds from Mirae Asset Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund	N.A.	₹237 Crs	12.66%	N.A.
Mirae Asset Short Duration Fund	N.A.	₹347 Crs	10.08%	7.57%
Mirae Asset Nifty SDL Jun 2027 Index Fund	N.A.	₹758 Crs	9.44%	7.35%
Mirae Asset Corporate Bond Fund	N.A.	₹41 Crs	10.15%	7.28%
Mirae Asset Banking and PSU Fund	N.A.	₹47 Crs	9.98%	7.25%
Mirae Asset Low Duration Fund	N.A.	₹1,415 Crs	8.47%	7.22%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Mirae Asset Dynamic Bond Fund?

The current Net Asset Value (NAV) of the Mirae Asset Dynamic Bond Fund - Direct Growth plan is approximately ₹17.4301 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Mirae Asset Dynamic Bond Fund is a 8 yrs 1 m old fund and has delivered average annual returns of 7.11% since inception.

Mirae Asset Dynamic Bond Fund Returns

1-Year	3-Year	5-Year	Since Inception
9.04%	6.9%	5.6%	7.11%

How much does this mutual fund charge as expense ratio?

The Mirae Asset Dynamic Bond Fund - Direct Growth has an expense ratio of 0.16%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Mirae Asset Dynamic Bond Fund currently has assets under management (AUM) or fund size valued at approximately ₹117 Crs crore as of Mar 31, 2025.

To whom does Mirae Asset Dynamic Bond Fund lend to?

The top 3 debt holdings of Mirae Asset Dynamic Bond Fund are as follows

Holding Name	Percentage of Portfolio
Gujarat State	12.13%
Karnataka State	10.43%
REC Ltd.	8.63%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Mirae Asset Dynamic Bond Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	51.75856601%
SOV	44.17481187%
Cash & Call Money	3.56003904%

What is risk level of Mirae Asset Dynamic Bond Fund?

This is a Dynamic Bond fund comes with Low to Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Mirae Asset Dynamic Bond Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Mirae Asset Dynamic Bond Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Mirae Asset Dynamic Bond Fund is complete.

How can I redeem my investments in Mirae Asset Dynamic Bond Fund?

Redeeming your investments in Mirae Asset Dynamic Bond Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Mirae Asset Dynamic Bond Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Dynamic Bond

#NA

Expense Ratio: This fund has the 2nd lowest expense ratio amongst actively/passively managed Dynamic Bond funds.
Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Return/Risk: The fund is performing poorly than its category.