NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹15.41
0.01%
NAV as on 17 Nov 24, 12:00 AM
low to moderate risk
dynamic bond
debt
NAV as on 17 Nov 24, 12:00 AM
low to moderate risk
dynamic bond
debt
7.39%p.a.
Last 1Y
4.64%p.a.
Last 3Y
5.29%p.a.
Last 5Y
5.82%p.a.
Since Inception
About Mirae Asset Dynamic Bond Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Dynamic Bond Fund Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Dynamic Bond mutual fund scheme that predominantly invests in Dynamic Bond stocks of companies. Launched on Mar 2017, Mirae Asset Dynamic Bond Fund Growth is Dynamic Bond fund of its category with 138.29 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Dynamic Bond funds.
- Mirae Asset Dynamic Bond Fund Growth delivered 7.4% annual returns during the last year. It has delivered 5.8% average annual returns since the fund was launched.
- Mirae Asset Dynamic Bond Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
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.
Top 10 Holdings
07.71 GJ Sdl 2027
10.30%
07.86 KA Sdl 2027
8.86%
07.52 Tn SDL 2027
7.33%
Rural Electrification Corporation Limited
7.31%
Indian Railway Finance Corporation Limited
7.30%
Power Finance Corporation Limited
7.28%
Export Import Bank Of India
7.26%
Power Grid Corporation Of India Limited
7.23%
National Bank For Agriculture And Rural Development
7.08%
Small Industries Development Bank Of India
6.67%
Fund Managers
- Amit Modani (Jan 2023 - Present)
Key Information
View Scheme Document
Mirae Asset Dynamic Bond Fund Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Mirae Asset Dynamic Bond Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Mirae Asset Dynamic Bond Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Mirae Asset Dynamic Bond Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Similar Funds
Funds
3Y Return
Quantum Dynamic Bond Fund - Plan Growth Option
low to moderate risk | debt
6.6%
PGIM India Dynamic Bond Growth
low to moderate risk | debt
5.5%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved