ICICI Pru All Seasons Bond Fund currently tops the dynamic‑bond mutual fund category. Its three‑year compounded annual growth rate (CAGR) is 7.1 percent, matching the returns of Nippon India Dynamic Bond Fund and Kotak Dynamic Bond Fund for the same period, according to ACE MF data released on July 22.
The ranking includes only schemes with assets under management of at least Rs 1,500 crore. Among the top five, ICICI Pru All Seasons Bond Fund holds the largest corpus, valued at Rs 13,517.6 crore.
Benchmark comparison shows the fund beating its reference index by 0.5 percentage points over three years, while the benchmark returned 6.6 percent. Over one year, the fund outperformed the benchmark by 2.6 percentage points, with the index at 1.9 percent.
Short‑term performance varies. In the one‑month window, Kotak Dynamic Bond Fund leads with a 1.3 percent return. Over three months, Bandhan Dynamic Bond Fund delivers the highest return at 2.8 percent. For the one‑year period, ICICI Pru All Seasons Bond Fund remains ahead with a 4.6 percent gain.
Dynamic‑bond funds adjust portfolio duration based on managers’ interest‑rate outlook. Consequently, their returns can shift with changes in bond yields, which explains the different leaders across time windows.
Investors should consider both long‑term track record and short‑term performance when choosing a dynamic‑bond fund. The ICICI Pru All Seasons Bond Fund’s consistent growth and large asset base make it a reliable option for those seeking steady returns.