Birla Sun Life Dynamic Bond Fund

High Liquidity
 
You are free to withdraw your investments any time. Your redeemed amount will be credited to your bank a/c within one
working day.

A nominal exit load of 0.50% is charged if you withdraw in up to 180 days (duration depends on the amount invested) from
the allotment date. Please refer to the load structure given below. As against this, in case of FD, a flat 1% foreclosure penalty
may be charged irrespective of the investment duration.

If you are looking to invest for 6 months or more, then this fund is ideal for you.
 

PERFORMANCE

Fund Performance Comparison

Birla Sun Life Dynamic Bond Fund - Retail Since 

Inception - 10-Sep-2004.
Returns calculated for Growth option as on 16-Dec-2010.
Returns are CAGR for 1 year or more and absolute for less than 1 year.
Past performance may or may not be sustained in the future. Load has not been
considered for computation of returns.

Fund Performance Simulator

Performance as on 20-Dec-2010.

Rs. 1 lac invested on 21-Dec-2005 in Birla Sun Life Dynamic Bond Fund -

A similar investment in the benchmark  would have been worth Rs. 112422. Past

Additional Products 
Scheme Name Birla Sun Life Dynamic Bond Fund
Systematic Investment Plan Create wealth through step-by-step
(SIP) investments. More Details
Systematic Investment Plan - Entry Load : As applicable to the scheme. Exit
SIP (Load Structure Applicale) Load : As applicable to the scheme.
Systematic Withdrawal Plan Ideal for investors who want regular income from
(SWP) their investments.
Systematic Withdrawal Plan -
As applicable to the scheme.
SWP (Load Structure Applicale)
Allows the investor to invest in a debt oriented
scheme with stable returns and systematically
transfer to an equity oriented scheme, thereby
Systematic Transfer Plan (STP)
taking advantage of their wealth creating
potential. Transfer OUT facility available. More
Details
Exit Load at time of transfer out of Debt Scheme:
Nil. Entry Load at time of transfer into Equity
Systematic Transfer Plan - STP Scheme: Entry Load as applicable to respective
(Load Structure Applicale) Scheme. Exit Load at time of redemption /
repurchase: Exit Load as applicable to respective
scheme.
Scheme Features
 
Scheme Name Birla Sun Life Dynamic Bond Fund
Nature of scheme An Open ended Income Scheme
Inception Date (Date Of
27-Sep-2004
Allotment)
Scheme Objective The objective of the scheme is to generate
optimal returns with high liquidity through active
management of the portfolio by investing in High
Quality Debt and Money Market Instruments.
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 Discipline Advantage Plan
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
Frequency of Dividend At the Discretion of Trustees
Minimum subscription amount For Discipline Advantage Plan: The sum of
transfer amounts as per the frequency opted or
Rs. 10,000 whichever is greater.
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 For Purchase / Switch-in of units less than Rs. 5
crores in value: 0.50% if redeemed/switched-out
within 180 days from the allotment, and 0.10% if
redeemed/switched-out between 181 days and
 270 days from the allotment
For Purchase / Switch-in of units equal to or
greater than Rs. 5 crores in value: 0.50% if
redeemed/switched-out within 30 days, from the
date of allotment
Current Expense Ratio 0.75 % (w.e.f. 28 - May - 2010)
Benchmark CRISIL Composite Bond Fund Index
Investment Style -
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