Dynamic BondModerateVR Rating
₹58 Cr.
None
| Name | 1Y Return | VR Rating | 1Y Rank | 3Y Rank | 5Y Rank | NAV(₹) |
|---|
JM Dynamic Bond Fund-Reg(G) is an open-ended dynamic bond fund designed for investors who want a debt fund where the fund manager can actively change the portfolio’s maturity and duration based on the interest-rate outlook. Dynamic bond funds can invest across duration (short, medium, or long maturity bonds), which means returns can benefit when interest rates fall, but NAV can also fluctuate when rates rise.
As of 1 Feb 2026, JM Dynamic Bond Fund-Reg(G) manages 58 in assets, has a Yield to Maturity (YTM) of 7, and a Modified Duration of 1351.
In simple terms: YTM indicates the portfolio’s current income potential, while modified duration shows how sensitive the fund is to interest-rate changes (lower is typically more stable for short-term parking). Since dynamic bond funds can change duration meaningfully over time, tracking duration movements becomes especially important.
The investment objective of JM Dynamic Bond Fund-Reg(G) is to generate reasonable returns by investing in a dynamically managed portfolio of debt and money market instruments across maturities, in line with dynamic bond fund norms. Investors can typically invest and redeem on business days (subject to scheme cut-off timings and applicable exit load).
The current NAV of the scheme is ₹42.34 as on 24 Mar 2026, and the risk level is Moderate.
JM Dynamic Bond Fund-Reg(G) was launched on 25 Jun 2003 and is benchmarked against CRISIL Dynamic Bond Index. The scheme is managed by Killol Pandya who has been managing the fund since 5 Nov 2024 and the fund is also managed by Ruchi Fozdar, Jayant Dhoot. The exit load of the fund is Nil.
JM Dynamic Bond Fund-Reg(G) invests across short-term instruments to balance liquidity and yield. As of 28 Feb 2026, the portfolio is allocated to Corporate Debt (48%), Government Securities (34%), Certificate of Deposit (14%).
A quick way to read this: higher G-Secs exposure often reflects interest-rate strategy, while corporate bonds and money market instruments contribute to accrual and liquidity, assuming credit quality stays strong.
Credit quality matters the even in dynamic bond. The fund’s portfolio is allocated 41% to AAA, 34% to SOV, 14% to A1+, 7% to AA+.
In plain language: : the higher the share of top-rated and sovereign instruments, the more the fund is leaning toward safety and stability. For dynamic bond and debt funds, credit quality is the most important filter, because one avoidable credit event can matter more than small return differences.
The top 5 holdings of the fund are 6.48% GOI 06-Oct-2035 (15.4%), 7.58% LIC Housing Finance Limited 19-JAN-2035 (8.7%), 7.5% REC Limited 28-FEB-2030 (7.9%), 8.52% Muthoot Finance Limited 26-MAY-2028 (7.%), 7.48% NABARD 15-SEP-2028 (7.%)
In dynamic bond funds, holdings can include government securities, high-quality corporate bonds, and money market instruments, chosen based on interest-rate strategy, liquidity needs, and credit comfort.
| Sector | Allocation (%) |
|---|---|
| "G-Sec | 34% |
| Finance | 30% |
| Bank | 21% |
| Finance Term Lending | 8% |
| Power Generation/Distribution | 5% |
It is normal for dynamic bond funds to show meaningful exposure to government and financial sectors, depending on the interest-rate positioning and the mix of issuers.
JM Dynamic Bond Fund-Reg(G)’s recent annualized returns are 4.5% (1 Year), 6.5% (3 Years) and 5.6% (5 years). Over 1 year, it has delivered 4.5% annualized returns. These returns are as of 25 Mar 2026
Against the full dynamic bond fund peer set, the scheme is ranked 9/23 over 1 year, 12/23 over 3 years, 11/22 over 5 years period.
One simple way to interpret rankings: dynamic bond funds can show meaningful differences across peers because maturity profile and interest-rate positioning can vary from fund to fund, so peer ranking is generally more useful.
If you had invested ₹1,00,000 in JM Dynamic Bond Fund-Reg(G) then you would have got:
| Duration | Annualized Returns (%) | Current Total Value | Current Total Profit |
|---|---|---|---|
| 1 Year | 4.5% | ₹104500.00 | ₹4500.00 |
| 3 Year | 6.5% | ₹106500.00 | ₹6500.00 |
| 5 Year | 5.6% | ₹105600.00 | ₹5600.00 |
Note: These are historical returns and they may not repeat in the future.
Also note for very short holding periods, exit load can impact realized returns. Always check exit load before investing in any fund. Data updated as of 25 Mar 2026
The Potential Risk Class (PRC) matrix of JM Dynamic Bond Fund-Reg(G) is B-III which means that the fund has Relatively high interest rate risk and moderate credit risk.
It may suit investors who want to:
It offers a few practical benefits: professional duration management, diversified exposure across maturities, easy entry/exit (subject to cut-offs and exit load, if any), and a structure that can potentially benefit in falling rate environments. It can be useful for medium-to-long term goals where investors seek steady accrual plus the possibility of capital gains, and are comfortable with NAV movement.
Dynamic bond funds are not risk-free. Key things to watch are credit quality (ratings mix), issuer concentration, interest-rate risk (modified duration and average maturity), exit load/cut-off rules, and changes in YTM and duration. Because the duration strategy can change over time, NAV movements can be higher than short-duration categories, so these funds are generally better suited for investors with a medium-to-long term horizon rather than short-term parking.
For Dynamic bond funds, taxation depends heavily on when you bought your units. Units acquired on or after 1 April 2023 are generally taxed as short-term capital gains at your slab rate and there are no long-term capital gain and loss benefits.
For units acquired before 1 April 2023, taxation follows the older capital-gains framework based on holding period and the date of sale.
Note that regulatory/tax updates over time can change how long-term treatment works.
JM Dynamic Bond Fund-Reg(G) is positioned as a higher-yield debt option that aims to deliver reasonable returns through a portfolio that can take higher credit exposure.
A simple way to track whether it is doing its job is to follow three live indicators: credit quality, peer ranking consistency, and monthly movement in YTM and modified duration. Among these, credit quality should always come first because protecting capital matters more than chasing marginally higher returns; focus on the rating mix (AAA/AA+/sovereign exposure), issuer concentration, and any meaningful shifts in the credit profile, and use returns/ranks mainly as a supporting check
To invest a lumpsum amount in JM Dynamic Bond Fund-Reg(G) with Ventura: Access the Mutual funds section by logging in to Ventura through your browser/mobile app Select JM Dynamic Bond Fund-Reg(G) from the list, the amount to be invested & make the payment.
To start a SIP (Systematic Investment Plan) in JM Dynamic Bond Fund-Reg(G) with Ventura: Access the Mutual funds section by logging in to Ventura through your browser/mobile app Select JM Dynamic Bond Fund-Reg(G) from the list, the amount to be invested & date of deduction. Pay the first instalment towards your SIP. Set the autopay mandate to enable regular investment of future SIP instalments, directly from your bank account. And you're done. Note: Remember to keep your bank account funded with the amount for regular SIPs for your mutual fund investment in JM Dynamic Bond Fund-Reg(G).
It will take up to one trading day for the invested JM Dynamic Bond Fund-Reg(G) units to reflect in your portfolio. For example, If you have made the investment in JM Dynamic Bond Fund-Reg(G) on Monday before the cut-off time, the units will be allotted to you by Tuesday or the next working day if it is followed by a holiday. The NAV (Net Asset Value) for the units allotted will be as of the day you place your trades.
Yes, mutual funds can be bought or redeemed after market hours through the Ventura web platform or mobile application. However, the execution of these orders depends on the mutual fund's cutoff time for processing transactions.
