  We perform numerical simulation of dynamo with magnetic Prandtl number
$\mathrm{Pm} =0.2$ on $1024^3$ grid, and compute the energy fluxes and the
shell-to-shell energy transfers. These computations indicate that the magnetic
energy growth takes place mainly due to the energy transfers from large-scale
velocity field to large-scale magnetic field and that the magnetic energy flux
is forward. The steady-state magnetic energy is much smaller than the kinetic
energy, rather than equipartition; this is because the magnetic Reynolds number
is near the dynamo transition regime. We also contrast our results with those
for dynamo with $\mathrm{Pm} =20$ and decaying dynamo.
