SBI Funds Management Pvt. Ltd. has more than 30 years of experience in fund management and has been delivering value to its customers consistently. The company is a joint venture between State Bank of India, India’s largest bank and AMUNDI (France), one of the leading fund management companies in the world.
Investment Objective of SBI Dynamic Bond Fund - Direct Plan - Growth
The objective of this scheme is to make investments in a portfolio of debt securities that have varying maturities and give the investors attractive returns.
Key Features SBI Dynamic Bond Fund
| Type of fund | Open ended dynamic debt scheme |
| Plans available | Direct and regular |
| Options under each plan | Growth and dividend |
| Risk | Moderate |
| Systematic Investment Plan | Available |
| Systematic Transfer Plan | Available |
| Systematic Withdrawal Plan | Available |
Investment Amount for SBI Dynamic Bond Fund
| Minimum application amount | Rs.5,000 |
| Minimum additional investment | Rs.1,000 |
| Minimum installment for Systematic Investment Plan (SIP) |
|
| Minimum redemption for Systematic Withdrawal Plan (SWP) | Lowest among Rs.1,000 or account balance or 100 units |
| Entry Load | Not applicable |
| Exit Load | If you wish to exit within 30 days from the date that the units were allotted, for 10% of the investments the exit load is nil. An exit load of 0.25% is applicable for the remaining investments. If you are looking to exit after the completion of 30 days from the date of allotment of units, the exit load is Nil. |
Asset Allocation for SBI Dynamic Bond Fund - Direct Plan - Growth
| Instruments | Minimum | Maximum | Risk Profile |
| Units issued by InVITs and REITs | 0% | 10% | Medium to High |
| Debt Instruments (including State and Central Government securities, debt derivatives) | 0% | 100% | Low to Medium |
| Money Market Instruments | 0% | 100% | Low to Medium |
Who can invest in SBI Dynamic Bond Fund - Direct Plan - Growth
The following entities can invest in SBI Dynamic Bond Fund - Direct Plan - Growth:
- Indian residents, either singly or jointly (not more than three)
- Non-Resident Indians (NRIs)
- Parent or guardian investing on behalf of minor
- Partnership Firms that come under the Partnership Act, 1932
- Hindu Undivided Families (HUFs)
- Religious trusts, private trusts, and their endowments that have the authority to make investments in mutual funds
- Banks and financial institutions
- Qualified Foreign Investor (QFI)
- Scientific research organisations
- Foreign Institutional Investors that are registered with SEBI. The registration is on a full repatriation basis
- International Multilateral Agencies that have been approved by the Government of India or the Reserve Bank of India
- Companies, public sector undertakings, societies registered under the Societies Registration Act , 1860
- Army, Navy, Air Force and other eligible institutions
NAV Disclosure and Benchmark for SBI Dynamic Bond Fund - Direct Plan - Growth
The NAV will be calculated at the end of every business day and will be published in two daily newspapers as prescribed by the SEBI Regulations, 1996. This NAV can be viewed on www.amfiindia.com and www.sbimf.com. The NAV will be updated on the AMFI website by 9 pm.
The Benchmark of SBI Dynamic Bond Fund is CRISIL Composite Bond Fund Index.
SBI Dynamic Bond Fund - Direct Plan - Growth Fund Manager
Dinesh Ahuja and Mohit Jain are the fund managers for this fund. Foreign securities are managed by Mohit Jain.
Investment Restrictions of SBI Dynamic Bond Fund - Direct Plan - Growth
Some of the investment restrictions of SBI Dynamic Bond Fund have been listed below:
- Investments made by the scheme in debt instruments consisting of money and non-money market instruments issued by a single issuer should not exceed 10% of the NAV.
- Investments made by the scheme in unrated debt instruments should not exceed 10% of the NAV. The maximum investment made in such instruments should not be more than 25% of the NAV of the scheme.
- If the investments are long-term in nature, securities can be transferred or purchased by the scheme using the name of the mutual fund on the relevant scheme.
- The scheme’s assets will not be used for carry forward or short selling transactions.
- No investments shall be made by the scheme in any fund of funds scheme.
- Loans will not be advanced by the scheme for any reason.
- Debentures will have to comply with investment restrictions that are applicable for debt instruments. This is irrespective of any residual maturity period.
- Investments may be made by the scheme in another scheme of the same company or a different mutual fund altogether without the need for any fees. This is provided that the aggregate of all these investments do not exceed 5% of the NAV of the fund.
Other facilities under SBI Dynamic Bond Fund - Direct Plan - Growth
- Switchover facility - There is an option under the scheme given to the unitholders to switch between the options provided in the scheme. This switch between the two options will be done at NAV related prices.
- Swing STP - Swing STp is a facility using which investors can choose to transfer a fixed amount of money at predefined intervals from source scheme of SBI Mutual Fund to a target scheme of SBI Mutual Fund. There is also a feature provided to reverse the transfer from the target scheme to the source scheme.
- Top-up SIP - Investors have a choice to increase the amount of SIP installment by a fixed amount at interval defined in advance. This gives the investor the option to invest larger amounts during the SIP tenure.
Why should you invest in SBI Dynamic Bond Fund - Direct Plan - Growth
SBI Funds Management Private Limited has more than 222 points of acceptance across India and focuses on their philosophy of growth through innovation. The company strives to ensure that their customers reach all of their financial objectives by giving them the best and most suitable products.
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