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Birla Sun Life Dynamic Bond Fund

BSL Dynamic Bond Fund






(An Open Ended Income Scheme)
Two is always better then one.

Highlights:

  • Income with capital growth over short term
  • Investments in actively managed portfolio of high quality debt and money market instruments including government securities

 


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High quality investments offer sweet results.
 
Highlights
 
Invests in corporate bonds and government securities
 
High Quality Investments
 
Easy access to your money
 
We always look for high quality in everything we buy. Be it a TV, car, apparel or even food. The brand, its features, its track record, etc. all contribute towards the quality we seek. Why not look for the same when it comes to your investments?

Birla Sun Life Dynamic Bond Fund (BSL Dynamic Bond Fund) is an actively managed open ended income scheme that seeks to invest in quality government securities, corporate bonds and structured credit instruments.

The scheme is primarily driven by:
  • Generating optimal returns with high liquidity through active management
  • Generating 'total returns', that comprises capital gains and interest income
This scheme can be considered by investors with an investment horizon of 9 months and above.
 
How can you benefit?
 
If interest rates are likely to rise, BSL Dynamic Bond Fund is flexible enough to change its investments to short-term bonds that mature faster. This way it can invest in newer bonds of higher rates, so that you can benefit from any rise in interest rates over time.

Once the interest rates are likely to have reached their peak, BSL Dynamic Bond Fund has the option to invest in long-term bonds so that your investment benefits from high interest rate for a longer term, and also if interest rates fall.

If interest rates are likely to fall, you may still gain!

Here's how: Suppose you own a bond with an interest rate of 9% and the rate falls to, say, 7%. That makes your bonds better than newly issued ones. So it can be sold for a profit.

Thus today, you tend to gain from high interest rates; tomorrow if the interest rate falls, you could make a little extra by selling your bond at a premium!

Earlier paragraphs explain the intended functioning of BSL Dynamic Bond Fund and does not guarantee positive returns in rising and falling interest rate scenarios, since value of investment made may be affected by other factors not limited to Mark to Market losses. Further, bond values may fluctuate in response to the financial condition of individual issuers, changes in interest rates and general market & economic conditions. The portfolio of the scheme is subject to changes in line with the provisions of the Scheme Information Document (SID) of the scheme. Please refer to the SID for details on asset allocation, investment strategy and scheme specific risk factors.
 
High Quality Investments
 
Birla Sun Life Dynamic Bond Fund predominantly invests in high quality corporate bonds and government securities.
 
Easy access to your money
 
You are free to redeem your investments since there is no restriction on redemption. Your redeemed amount will normally be credited to your bank account registered with the Fund within 10 working days from date of receipt of redemption request. A nominal exit load of 1% is charged, if you redeem / switch – out up to 365 days from the allotment date. For withdrawals anytime after 365 days, you need not pay any exit load.
 
Get the latest NAVon SMS, send NAV <321G> as an SMS to 567679. Premium SMS charges apply.   
 

Disclaimer

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Scheme Name Birla Sun Life Dynamic Bond Fund
Nature of scheme An Open ended Income Scheme
Inception Date (Date Of Allotment) 27-September-2004
Scheme Objective
An income solution that aims to generate optimal returns through active management by capturing positive price and credit spread movements.
Asset Allocation

50% - 65% in Government Securities, 25% - 35% in Corporate Bonds, 0% - 25% in Cash / Liquid instruments including money market instruments & short term debt papers upto a maturity of 1 Year. Investments in securitised debt papers will normally not exceed 50% of the net assets of the scheme.

Investment Strategy
The investment objective of this scheme is to optimise returns for the investors by designing a portfolio which will dynamically track interest rate movements in the short term by reducing duration in a rising rate environment while increasing duration in a falling interest rate environment. The investment strategy would revolve around structuring the portfolio so as to capture the positive price movements and minimise the impact of adverse price movements.Since active debt management strategies require an in depth knowledge of andability to accurately track interest rate movements taking into account various micro and macro factors, it is difficult for an individual investor to adopt such strategy. Whereas, the investment team of Birla Sun Life Mutual Fund, through its research and process driven investment strategy, would endeavour to capitalise on the available oppurtunities in a timely manner. The fund would seek to fulfill the needs of a large number of individuals, HNI's as well as large institutional investors who are susceptible to interest rate risks. In order to maximise returns the fund managers may look at curve spreads both on the gilt as well as the bond markets to gain maximum value out of any security/ s.
Fund Manager Mr. Maneesh Dangi
Investor Risk Profile Low to Medium
Investment Plans / Options
Retail Plan: Monthly Dividend Sweep Monthly Dividend (Payout, Reinvestment & Sweep) Quaterly Dividend (Payout, Reinvestment & Sweep) Growth
Investment Option by default Choice of Option : Quarterly Dividend Choice of Sub - Option: Dividend Reinvestment
Minimum subscription amount
For Monthly Dividend Sweep Plan: Rs.5,00,000/- and in multiples of Re. 1/- thereafter. For Other Plans: Rs.5,000/- and in multiples of Re. 1/- thereafter.
Minimum additional investment
Rs.1,000/- and in multiples of Re. 1/- thereafter
Entry Load* Nil
Exit Load
In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed / switched-out without any exit load from the date of allotment.

Any redemption in excess of the above limit shall be subject to the following exit load:

For redemption / switch-out of units on or before 90 days from the date of allotment: 0.50% of applicable NAV

For redemption / switch-out of units after 90 days from the date of allotment: Nil
Benchmark CRISIL Composite Bond Fund Index
Indicative Dividend Calendar
Monthly Dividend: Last Friday of each month. At the Discretion of Trustees.

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Historical NAV & Dividend

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Additional Products

Scheme Name Birla Sun Life Dynamic Bond Fund
Systematic Investment Plan (SIP)
Create wealth through step-by-step investments.  More Details
Systematic Investment Plan - SIP (Load Structure Applicable)

Entry Load : As applicable to the scheme. Exit Load : As applicable to the scheme.​

Systematic Withdrawal Plan (SWP)
Ideal for investors who want regular income from their investments.
Systematic Withdrawal Plan - SWP (Load Structure Applicable)

As applicable to the scheme.​

Systematic Transfer Plan (STP)
Allows the investor to invest in a debt oriented scheme with stable returns and systematically transfer to an equity oriented scheme, thereby taking advantage of their wealth creating potential. Transfer OUT facility available. More Details
Systematic Transfer Plan - STP (Load Structure Applicable)

Exit Load at time of transfer out of Debt Scheme: Nil. Entry Load at time of transfer into Equity Scheme: Entry Load as applicable to respective Scheme. Exit Load at time of redemption / repurchase: Exit Load as applicable to respective scheme.​

No Additional Products Available

Birla Sun Life Dynamic Bond Fund


(An Open Ended Income Scheme)

This product is suitable for investors who are seeking:
  • income with capital growth over short term
  • investments in actively managed portfolio of high quality debt and money market instruments including government securities.
investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Market Updates

NAVs

Dividends

Toll Free:1-800-270-7000
(MTNL/BSNL):1-800-22-7000
Outside India:
022-66917777
(Call charges apply)

Between 9 AM to 9 PM, All days (IST)

New Fund Offers (NFO)

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Mutual Fund Dictionary

Advice

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Disclaimer

The views, opinions and recommendations mentioned herein are those of the Investment Advisor alone and should not be construed as investment advice to any party and are not necessarily those of Birla Sun Life Asset Management Company Ltd.(BSLAMC) or any of their officers, employees, personnel, directors and further, BSLAMC / its subsidiaries / affiliates / sponsors / trustee or their officers, employees, personnel, directors make no representation or warranty, express or implied, as to the accuracy, completeness or reliability of the content and shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use or access of such information.

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The information and data contained in this Website do not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Birla Sun Life Mutual Fund (BSLMF), securities or financial instruments in any jurisdiction in which such distribution, sale or offer is not authorised. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or the solicitation of any offer to buy or sell any securities or financial instruments in the United States of America ("US") and Canada to or for the benefit of United States persons (being persons resident in the US, corporations, partnerships or other entities created or organised in or under the laws of the US or any person falling within the definition of the term "US Person" under the US Securities Act of 1933, as amended) and persons of Canada.

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