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Mirae Asset Dynamic Bond Fund Direct IDCW
★★★★★ TopFund est.
TopFund Score (fallback rating)
- Calculated by: TopFund — used only when no third-party rating exists for this fund
- Formula: 3-year trailing return percentile within category, adjusted ±1 star for expense ratio
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: A simplified 2-factor estimate, not equivalent to a rating agency's full analysis
TopFund Score: 69/100 · Good
How this score is calculated
- Star rating (35%)2/5
- 3Y CAGR (30%)10.2%
- Expense ratio (20%)0.43%
- AUM (15%)₹28,661 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Mirae Asset Mutual Fund · Hybrid · Dynamic Asset Allocation
₹136.74
AUM: ₹28,660 Cr
NAV updated 11 days ago
Plan
Direct
Option
Idcw
Risk
High
Expense Ratio
0.43%
Exit Load
Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 1 year.
Fund Manager
Mrinal Singh, Manish Banthia
Inception
Jan 2013
Benchmark
CRISIL Hybrid 50+50 Moderate Index
Sharpe Ratio
-1.48
Std Dev (1Y)
1.0%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-2.97%
3m
-0.48%
6m
+4.18%
1y
+1.24%
3y
+10.2%
5y
+10.72%
10y
+12.04%
since inception
+6.82%
TopFund's Take on Mirae Asset Dynamic Bond Fund Direct IDCW
Mirae Asset Dynamic Bond Fund Direct IDCW holds up reasonably well within the Dynamic Asset Allocation category, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 69/100.
Cost: At 0.43%, the expense ratio is meaningfully cheaper — about 55% below the Dynamic Asset Allocation category average of 0.96% (based on 204 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -1.48 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 1.0% is on the lower side for a Dynamic Asset Allocation fund, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Hybrid fund. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about Mirae Asset Dynamic Bond Fund Direct IDCW
The current NAV (Net Asset Value) of Mirae Asset Dynamic Bond Fund Direct IDCW is ₹136.74. NAV is updated every business day after market close by AMFI.
1Y: 1.24% · 3Y CAGR: 10.2% · 5Y CAGR: 10.72%
The expense ratio of Mirae Asset Dynamic Bond Fund Direct IDCW is 0.43% per annum. This is the annual fee charged by the fund to manage your investment.
Mirae Asset Dynamic Bond Fund Direct IDCW is managed by Mrinal Singh, Manish Banthia at Mirae Asset Mutual Fund.
Mirae Asset Dynamic Bond Fund Direct IDCW is classified as a High risk fund. It is suitable for investors with a long-term horizon of 3+ years.
Mirae Asset Dynamic Bond Fund Direct IDCW is a Dynamic Asset Allocation fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Mirae Asset Dynamic Bond Fund Direct IDCW with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Mirae Asset Dynamic Bond Fund Direct IDCW is ₹28,661 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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