DebtDynamic BondRegularIDCWModerate

PGIM India Dynamic Bond Fund

Q: What is the NAV of PGIM India Dynamic Bond Fund?

The last published NAV of PGIM India Dynamic Bond Fund was ₹1,075.75 per unit, on 05 Mar 2021. The scheme has not published a NAV since then — it has likely been merged, wound up or discontinued, so this figure is historical, not a current price.

Q: What is the expense ratio of PGIM India Dynamic Bond Fund?

PGIM India Dynamic Bond Fund charges an expense ratio of 1.68% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: How risky is PGIM India Dynamic Bond Fund?

PGIM India Dynamic Bond Fund is rated moderate on SEBI's risk-o-meter and its worst peak-to-trough fall in our sample was -9.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of PGIM India Dynamic Bond Fund?

PGIM India Dynamic Bond Fund is benchmarked against the CRISIL Dynamic Bond AIII Index. Its alpha and beta on this page are measured against that index.

Q: Who manages PGIM India Dynamic Bond Fund?

PGIM India Dynamic Bond Fund is managed by Puneet Pal and Akhil Dhar at PGIM India.

Q: How is PGIM India Dynamic Bond Fund taxed?

PGIM India Dynamic Bond Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

PGIM India Mutual Fund · Best Dynamic Bond Mutual Funds

NAV

₹1,075.75

as of 05 Mar 2021

This is the Regular plan of PGIM India Dynamic Bond Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed monthly, which is why this NAV sits below the growth plan of the same fund.

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This scheme hasn’t published a NAV since 05 Mar 2021 — it appears to have been discontinued or merged. Trailing return and risk metrics need recent pricing, so they can’t be computed; only the NAV history and lifetime drawdown are shown below.

NAV history

-2.40%CAGR

52-week rangePrev NAV ₹1,077.13

Latest ₹1,075.75

Low ₹1,068.2517th percentile of its 52-week rangeHigh ₹1,113.41

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

Not enough Dynamic Bond peers to rank yet

Risk—

Volatility not available yet

Cost—

1.7% expense (no category average yet)

ConsistencyModerate

80% of rolling 3Y windows were positive

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.68%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

CRISIL Dynamic Bond AIII Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

16 Jan 2012

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

—

Absolute return over the last 3 months (not annualized)

—

Absolute return over the last 6 months (not annualized)

—

Absolute return since 1 Jan of this year (not annualized)

—

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

—

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

—

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-9.66%

Benchmark ratios

Not shown for Dynamic Bond — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.12L

Absolute

+1.99%

XIRR

+0.80%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into PGIM India Dynamic Bond Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2021part	-2.35%
2020	+2.38%
2019	+4.24%
2018	-0.04%
2017	-3.91%
2016	+8.49%
2015	-1.54%
2014	+2.62%
2013	-2.47%
2012part	+0.40%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

2,205

Expense ratio

1.68%

AUM

₹83.25Cr

Exit load

NIL

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Dynamic Bond

Compare all


PGIM India Dynamic Bond FundThis fund PGIM India · Monthly IDCW	—	—	—	—	—	1.68%	₹83.25Cr
360 ONE Dynamic Term Fund 360 One · Direct · IDCW	—	+4.73%	+7.88%	—	—	0.34%	—
Kotak Dynamic Term Fund Kotak Mahindra · Direct · Standard · IDCW	—	+5.15%	+7.75%	+6.52%	—	—	—
Bandhan Dynamic Term Fund Bandhan · Direct · Periodic IDCW	—	+6.89%	+7.71%	+6.18%	—	—	—
Bandhan Dynamic Term Fund Bandhan · Direct · IDCW	—	+6.89%	+7.71%	+6.18%	—	0.79%	—
360 ONE Dynamic Term Fund 360 One · Regular · IDCW	—	+4.47%	+7.62%	+6.47%	—	0.59%	—

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-9.7%24 Nov 2016 → 07 Jun 2018
Fell over 1.5 years, back to the old high on 09 Mar 2020 — 1.8 years under water after the low.
-6.8%27 May 2013 → 19 Aug 2013
Fell over 3 months, back to the old high on 24 Nov 2014 — 15 months under water after the low.
-5.5%12 Dec 2014 → 25 Feb 2016
Fell over 14 months, back to the old high on 10 Aug 2016 — 5 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹83.25Cr

April - June 2026

-11%

since January - March 2026

−₹9.84Cr

est. net flow, last quarter

Down +11% from its peak of ₹93.09Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

PGIM India Mutual Fund is the Indian arm of PGIM, the global asset management business of the US insurer Prudential Financial. It was formerly DHFL Pramerica Mutual Fund; PGIM bought out DHFL's stake in 2019 and renamed the house.

Launched

12 May 2010

Total AUM

₹27,859Cr+4.6% QoQ

Avg AUM · July - September 2026

Website

pgimindia.com/mutual-funds

Fund Managers

PPPuneet PalManaging since 13 Dec 2017

Education

MBA (Finance) from Symbiosis Institute of Business Management, Pune Category of the Scheme Arbitrage Fund Balanced Advantage Fund Equity Savings Fund

Experience

More than 25 years of PGIM experience in the Debt markets Fund, PGIM India Flexi within the Mutual Fund space. Below are details on his past stints: • December 01, 2021 onwards – Head – Fixed Income - PGIM India Asset Fund, PGIM India Equity Management Private Savings Limited. • December 13, 2017 to November 30, 2021 Deputy Head - Fixed PGIM Income - PGIM India Asset Management Private Limited. • February 2012 to December 12, 2017 - Head - Fixed Income - BNP Paribas Asset Management India Pvt. Ltd. • July 2008 to February 2012 - Sr. Vice President & Fund Manager - UTI Asset Management Company Ltd. • August 2006 to July 2008 - Fund Manager - Tata Asset Management Ltd. • April 2004 to August 2006 - Asst. Fund Manager - UTI Asset Management Company Ltd. • June 2001 to March 2004 - Dealer - UTI Asset Management Company Ltd.

Funds managed (21)

All schemes Puneet Pal runs →

ADAkhil DharManaging since 25 Feb 2026

Role

Fund Manager and Credit Analyst – Fixed Income

Education

PGDBM (Finance) and B.E (Electrical) No. of Qualificati yearson of Exper ience

Experience

Over 9 years of experience in Credit Analysis and Research: • February 25, 2026 onwards - PGIM India Asset Management Private Limited - Fund Manager and Credit Analyst – Fixed Income • January 30, 2023 to February 24, 2026 - PGIM India Asset Management Private Limited - Credit Analyst • December 20, 2021 to January 19, 2023 - IndusInd Bank including assignments held during the last 10 years Limited - Chief Manager - Corporate Ratings • February 14, 2020 to December 16, 2021 - CARE Ratings Limited - Lead Analyst - Corporate ratings • November 05, 2019 to February 10, 2020 - India Ratings and Research Private Limited - Research Analyst - Core Analytical Group • April 03, 2017 to October 16, 2019 - CARE Ratings Limited - Analyst - Corporate ratings

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Puneet Pal

PGIM India in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Dynamic Bond funds

Dynamic bond funds have no duration mandate at all: the manager moves between short and long bonds as their rate view changes. That hands one call — where rates go next — to the manager, so the outcome depends heavily on getting it right.

Frequently asked questions

What is the NAV of PGIM India Dynamic Bond Fund?

The last published NAV of PGIM India Dynamic Bond Fund was ₹1,075.75 per unit, on 05 Mar 2021. The scheme has not published a NAV since then — it has likely been merged, wound up or discontinued, so this figure is historical, not a current price.

What is the expense ratio of PGIM India Dynamic Bond Fund?

PGIM India Dynamic Bond Fund charges an expense ratio of 1.68% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

How risky is PGIM India Dynamic Bond Fund?

PGIM India Dynamic Bond Fund is rated moderate on SEBI's risk-o-meter and its worst peak-to-trough fall in our sample was -9.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of PGIM India Dynamic Bond Fund?

PGIM India Dynamic Bond Fund is benchmarked against the CRISIL Dynamic Bond AIII Index. Its alpha and beta on this page are measured against that index.

Who manages PGIM India Dynamic Bond Fund?

PGIM India Dynamic Bond Fund is managed by Puneet Pal and Akhil Dhar at PGIM India.

How is PGIM India Dynamic Bond Fund taxed?

PGIM India Dynamic Bond Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.