VineetKumarGupta : Fund has invested 63% of portfolio in 1-3 years bonds which is higher than 0.5 years as projected. So, there can be capital risk in the event interest rise which is happening for short term bonds.

VineetKumarGupta : The fund has monthly dividend distributions. This may be accounting for the 76% in spite of falling NAV.

VineetKumarGupta SkyInvestor: I did back testing by constructing a portfolio with $Vanguard S&P 500 ETF (VOO.US)$ and investment grade bond fund in the ratio of 40 and 60%. Allianz fund gave good return in rising market compared to hybrid portfolio. But Allianz fund fell much harder during the falling market, thereby erasing most of the gains. In the end, return are much lower over 5 years inspite of higher volatility.

VineetKumarGupta Thy GoDOP: Remember, income fund shall first preserve capital and then distribute dividends from gains. This fund entice investors with higher dividend but at the cost of capital depreciation.

VineetKumarGupta SkyInvestor: It depends on your expected returns, time frame and at what average price have you bought.
What I can say there are better opportunities to invest in the market. Also, I always recommend to keep investment simple  so that I can earn in a steadily manner over long run.

VineetKumarGupta : It’s not a good investment for long term. When equity falls, it will fall hard. Same is the case for rise. But in the end, returns will be like debt fund.

VineetKumarGupta SkyInvestorOP: Fund performance depends on 3 items. Equity, high yield bonds and convertible bonds.
So S&P rising is not  sufficient alone for higher NAV.

VineetKumarGupta : It’s announced last night. So shall be on the way in 1-2 days.

VineetKumarGupta MisterT: You can check it in summary tab of the fund.

VineetKumarGupta SkyInvestor: The primary objective of fund is income distribution and not capital preservation. So many times, dividend is paid out of capital itself. Going by past performance, you shall expect 5 -5.5% return on annual basis inclusive of dividend. Anything above it will be bonus. No one has crystal ball to predict future price.