Axis Dynamic Term Fund is a Dynamic Bond fund run by Axis Mutual Fund. On 30-09-2026, it managed ₹969 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.3% a year and its Regular plan returned 7.0% a year. Its benchmark, NIFTY Composite Debt Index A-III, returned 6.3% a year over the same 3 years.
NAV (Direct plan)
₹34.66
▲ 0.00% · 30-10-2026
NAV (Regular plan)
₹31.43
▲ 0.00% · 30-10-2026
Expense ratio
0.34%Direct0.65%Regular
0.34%
A year
Riskometer
Moderate
Set by the fund house
3 year return
7.3%Direct7.0%Regular
7.3%
A year
Axis Dynamic Term Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹34.66 (up 0.00% that day); Regular Plan Growth ₹31.43 (up 0.00% that day).
This fund (Direct plan)
₹34.6576
Axis Dynamic Term Fund Returns vs NIFTY Composite Debt Index A-III
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−0.32%
−0.16%
+2.80%
+4.84%
+7.30%
+6.14%
+7.25%
This fund (Regular)
−0.35%
−0.24%
+2.64%
+4.52%
+6.99%
+5.78%
+6.71%
NIFTY Composite Debt Index A-III
−0.51%
−0.72%
+1.82%
+2.59%
+6.26%
+5.39%
--
Dynamic Bond average
−0.48%
−0.66%
+1.80%
+3.05%
+6.70%
+5.98%
+6.68%
Best in Dynamic Bond
+0.28%
+0.95%
+4.47%
+6.90%
+8.03%
+7.47%
+7.73%
Worst in Dynamic Bond
−1.14%
−1.96%
−0.44%
−0.31%
+4.74%
+3.96%
+5.07%
Rank in Dynamic Bond
7/22
7/22
3/22
3/22
6/22
8/20
5/16
Category rows compare the Direct plans of 22 Dynamic Bond funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.
Axis Dynamic Term Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+4.03%
+3.77%
2025
+7.41%
+7.08%
2024
+8.85%
+8.57%
2023
+6.98%
+6.57%
2022
+2.51%
+2.11%
2021
+4.32%
+3.90%
Axis Dynamic Term Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,626 periods, one for each trading day from 04-01-2016 to 30-10-2026.
0%5%10%15%
Axis Dynamic Term Fund (Direct)
Category average, 22 Dynamic Bond funds
Nov 2013 to Nov 2016Sept 2015 to Sept 2018Jul 2017 to Jul 2020May 2019 to May 2022Mar 2021 to Mar 2024Dec 2022 to Dec 2025
Axis Dynamic Term Fund (Direct)Category average, 22 Dynamic Bond funds
0%
0%
Below 0%
5%
2%
0-5%
74%
86%
5-10%
21%
12%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
3,101
8.0%
−0.7%
17.4%
0%
7.6%
63%
2 years
2,866
8.4%
2.7%
14.1%
0%
8.1%
65%
3 years
2,626
8.2%
4.2%
14.0%
0%
7.7%
79%
5 years
2,142
8.0%
5.9%
10.5%
0%
7.2%
84%
7 years
1,660
8.1%
6.6%
10.9%
0%
7.4%
100%
10 years
932
8.3%
7.2%
9.0%
0%
7.8%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
154
7.9%
−2.0%
22.1%
1%
7.9%
66%
2 years
142
8.0%
1.3%
15.8%
0%
7.8%
65%
3 years
130
7.9%
3.9%
14.8%
0%
7.6%
68%
5 years
106
7.7%
6.1%
11.0%
0%
7.4%
79%
7 years
82
7.2%
6.4%
10.8%
0%
7.1%
98%
10 years
46
7.6%
7.0%
8.0%
0%
7.2%
100%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 22 Dynamic Bond funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
Axis Dynamic Term Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Axis Dynamic Term Fund (Direct)This fund
Category average
Return (CAGR)
+4.84%
+3.05%
Standard deviation
1.92%
1.89%
Sharpe ratio
-0.21
-1.17
Sortino ratio
-0.31
-1.57
Maximum drawdown
−1.2%
(02-04-2026)
−1.6%
(23-10-2026)
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Axis Dynamic Term Fund (Direct)This fund
Category average
Return (CAGR)
+7.30%
+6.70%
Standard deviation
1.87%
1.95%
Sharpe ratio
0.68
0.35
Sortino ratio
0.99
0.49
Maximum drawdown
−1.3%
(26-08-2025)
−1.7%
(26-08-2025)
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Axis Dynamic Term Fund (Direct)This fund
Category average
Return (CAGR)
+6.14%
+5.96%
Standard deviation
2.07%
1.77%
Sharpe ratio
0.16
0.09
Sortino ratio
0.21
0.13
Maximum drawdown
−3.2%
(13-06-2022)
−1.7%
(26-08-2025)
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Axis Dynamic Term Fund (Direct)This fund
Category average
Return (CAGR)
+7.25%
+6.59%
Standard deviation
2.93%
2.28%
Sharpe ratio
0.63
0.52
Sortino ratio
0.92
0.76
Maximum drawdown
−4.6%
(23-03-2020)
−2.8%
(10-03-2017)
From daily NAVs, 28-10-2016 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Axis Dynamic Term Fund (Direct)This fund
Category average
Return (CAGR)
+8.19%
+7.61%
Standard deviation
3.21%
2.49%
Sharpe ratio
0.67
0.63
Sortino ratio
0.95
0.91
Maximum drawdown
−7.1%
(19-08-2013)
−4.7%
(19-08-2013)
From daily NAVs, 03-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
−8%−6%−4%−2%0%
Axis Dynamic Term Fund (Direct)
Category average, 22 Dynamic Bond funds
2014201620182020202220242026
Axis Dynamic Term Fund (Direct)Category average, 22 Dynamic Bond funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Axis Dynamic Term Fund (Direct)
−7.1%
27-05-2013
19-08-2013
20-01-2014
5 months
−0.79%
Category average
−4.7%
28-05-2013
19-08-2013
09-01-2014
5 months
−1.4%
From the Direct plan's daily NAV since 03-01-2013, adjusted for unit splits, and the average of the 22 Dynamic Bond funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Axis Dynamic Term Fund vs Other Dynamic Bond Funds
The five Dynamic Bond funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Axis Dynamic Term Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-09-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Dynamic Bond median
Cost rank (1 = cheapest)
Direct
0.27%
0.01%
0.01%
0.05%
0.34%
0.52%
4/22
Regular
0.53%
0.01%
0.01%
0.10%
0.65%
1.30%
2/22
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Dynamic Bond funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
4.52%
4.84%
0.32%
₹1,04,520
₹1,04,840
3 years
6.99%
7.30%
0.31% a year
₹1,22,470
₹1,23,538
5 years
5.78%
6.14%
0.36% a year
₹1,32,440
₹1,34,709
10 years
6.71%
7.25%
0.54% a year
₹1,91,448
₹2,01,360
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Axis Dynamic Term Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 03-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planAxis Dynamic Term Fund (Direct)
₹16,60,000
₹28,70,481
₹12,10,481
7.5%
Regular planAxis Dynamic Term Fund (Regular)
₹16,60,000
₹27,48,533
₹10,88,533
7.0%
Category averageCategory average, 22 Dynamic Bond funds
₹16,60,000
₹27,42,378
₹10,82,378
6.9%
₹0₹10.0 L₹20.0 L₹30.0 L
Direct planAxis Dynamic Term Fund (Direct)
Regular planAxis Dynamic Term Fund (Regular)
Category averageCategory average, 22 Dynamic Bond funds
Amount invested
2014201620182020202220242026
Direct planAxis Dynamic Term Fund (Direct)Regular planAxis Dynamic Term Fund (Regular)Category averageCategory average, 22 Dynamic Bond fundsAmount invested
From each plan's published NAV (Growth option) and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis Dynamic Term Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
70.3%Debt
Asset
Fund
Category
Debt
70.3%
78.5%
Cash and others
29.7%
21.5%
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 22 Dynamic Bond funds.
Rating
Fund
Category
Sovereign
19.0%
41.1%
AAA and A1+
51.4%
29.6%
Axis Dynamic Term Fund Portfolio Holdings
As on 30-09-2026 · 54 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
Canara Bank (12/03/2027) · Certificate of deposit
CRISIL A1+
10.01%
7.3% Government of India (19/06/2053) · Government security
Sovereign
7.43%
Kotak Mahindra Bank Limited (29/01/2027)
CRISIL A1+
5.05%
Small Industries Dev Bank of India (04/02/2027) · Certificate of deposit
CARE A1+
5.04%
7.52% Power Grid Corporation of India Limited (23/03/2033) · Bond
CRISIL AAA
3.49%
7.09% Government of India (05/08/2054) · Government security
Sovereign
3.37%
6.8% State Bank of India (21/08/2035) · Bond
CRISIL AAA
2.64%
7.48% National Bank For Agriculture and Rural Development (15/09/2028) · Bond
CRISIL AAA
2.56%
6.94% Government of India (11/05/2036) · Government security
Sovereign
2.54%
National Bank For Agriculture and Rural Development (14/01/2027) · Certificate of deposit
IND A1+
2.53%
Bank of Baroda (03/02/2027) · Certificate of deposit
IND A1+
2.52%
Cube Highways Trust-InvIT Fund
Transport Infrastructure
1.89%
8.12% NHPC Limited (22/03/2029) · Bond
CARE AAA
1.57%
7.26% Government of India (22/08/2032) · Government security
Sovereign
1.56%
7.60% National Bank For Agriculture and Rural Development (23/11/2032) · Bond
CRISIL AAA
1.54%
Raajmarg Infra Investment Trust
Transport Infrastructure
1.46%
Siddhivinayak Securitisation Trust (28/09/2030)
CRISIL AAA(SO)
1.08%
Shivshakti Securitisation Trust (28/09/2029)
CRISIL AAA(SO)
1.08%
7.88% Export Import Bank of India (11/01/2033) · Bond
CRISIL AAA
1.04%
Indus Infra Trust
Transport Infrastructure
1.01%
7.02% Export Import Bank of India (25/11/2031) · Bond
CRISIL AAA
1.00%
7.03% Indian Railway Finance Corporation Limited (30/07/2036) · Bond
CRISIL AAA
0.98%
8.49% National Highways Authority Of India (05/02/2029) · Bond
CRISIL AAA
0.93%
Radhakrishna Securitisation Trust (28/09/2028)
CRISIL AAA(SO)
0.79%
7.4% REC Limited (15/03/2036) · Bond
CRISIL AAA
0.61%
SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2
0.54%
8.80% REC Limited (14/05/2029) · Bond
CRISIL AAA
0.53%
8.05% HDFC Bank Limited (22/10/2029) · Bond
CRISIL AAA
0.52%
8.55% HDFC Bank Limited (27/03/2029) · Bond
CRISIL AAA
0.52%
7.5% NHPC Limited (07/10/2027) · Bond
ICRA AAA
0.52%
8.5% National Bank For Agriculture and Rural Development (27/02/2029) · Bond
CRISIL AAA
0.52%
8.15% National Bank For Agriculture and Rural Development (28/03/2029) · Bond
CRISIL AAA
0.52%
8.27% National Highways Authority Of India (28/03/2029) · Bond
CRISIL AAA
0.52%
7.49% National Highways Authority Of India (01/08/2029) · Bond
CRISIL AAA
0.52%
7.5% NHPC Limited (06/10/2029) · Bond
ICRA AAA
0.51%
7.4% Power Finance Corporation Limited (08/05/2030) · Bond
CRISIL AAA
0.51%
7.79% Power Finance Corporation Limited (22/07/2030) · Bond
CRISIL AAA
0.51%
7.68% Uttar Pradesh State Development Loans (18/10/2034) · State government security
Sovereign
0.51%
6.97% National Bank For Agriculture and Rural Development (17/03/2031) · Bond
ICRA AAA
0.50%
7.43% Maharashtra State Development Loans (03/12/2040) · State government security
Sovereign
0.50%
7.1% Government of India (18/04/2029) · Government security
Sovereign
0.42%
8.20% Power Grid Corporation of India Limited (23/01/2030) · Bond
CRISIL AAA
0.42%
6.63% Maharashtra State Development Loans (14/10/2030) · State government security
Sovereign
0.40%
7.65% Bihar State Development Loans (24/12/2033) · State government security
Sovereign
0.38%
6.51% Karnataka State Development Loans (30/12/2030) · State government security
Sovereign
0.36%
7.72% Bihar State Development Loans (25/02/2041) · State government security
Sovereign
0.33%
7.57% Tamilnadu State Development Loans (18/03/2038) · State government security
Sovereign
0.29%
9.41% India Infrastructure Fin Co Ltd (27/07/2037) · Bond
CRISIL AAA
0.28%
7.48% Punjab State Development Loans (14/01/2031) · State government security
Sovereign
0.26%
6.68% Government of India (27/01/2033) · Government security
Sovereign
0.20%
6.9% Government of India (15/04/2065) · Government security
Sovereign
0.16%
7.04% Gujarat State Development Loans (18/03/2030) · State government security
Sovereign
0.12%
6.19% Government of India (16/09/2034) · Government security
Sovereign
0.10%
8.60% Government of India (02/06/2028) · Government security
Sovereign
0.03%
Axis Dynamic Term Fund Portfolio Overlap
Funds with the most similar portfolios, across every fund house and category
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Axis Dynamic Term Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.34%
Expense ratio (Regular)
0.65%
Category
Dynamic Bond
Risk
Moderate
Benchmark
NIFTY Composite Debt Index A-III
Launch date
27-04-2011
Minimum investment
₹5,000
Minimum additional investment
₹100
AUM
₹969.27 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
120451
ISIN (Direct)
INF846K01DI3
Scheme code (Regular)
115068
ISIN (Regular)
INF846K01917
NAV history
From 03-01-2013, 13.8 years
Exit load
Nil
Tax on Axis Dynamic Term Fund returns
Axis Dynamic Term Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹34.6576
30-10-2026
direct
Half Yearly IDCW
₹12.9564
30-10-2026
direct
Quarterly IDCW
₹11.4123
30-10-2026
regular
Growth
₹31.4308
30-10-2026
regular
Half Yearly IDCW
₹11.7508
30-10-2026
regular
Quarterly IDCW
₹11.4193
30-10-2026
About Axis Dynamic Term Fund
Axis Dynamic Term Fund is a mutual fund from Axis Mutual Fund. Its category is Dynamic Bond. It was launched on 27-04-2011. Its benchmark is NIFTY Composite Debt Index A-III. At the end of September 2026 it held 54 securities.
Fund Manager
Devang Shah
Fund manager of Axis Dynamic Term Fund, since 05-11-2012
Hardik Shah
Fund manager of Axis Dynamic Term Fund, since 05-04-2024
Frequently Asked Questions for Axis Dynamic Term Fund
What is the current NAV of Axis Dynamic Term Fund?
The Direct plan NAV is ₹34.6576. The Regular plan NAV is ₹31.4308, as on 30-10-2026.
What are the returns of Axis Dynamic Term Fund?
The Direct plan returned +4.84% in 1 year, +7.30% a year over 3 years, +6.14% a year over 5 years. The Regular plan returned +4.52% in 1 year, +6.99% a year over 3 years, +5.78% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Axis Dynamic Term Fund?
The Direct plan charges 0.34% a year. The Regular plan charges 0.65% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.
What is the AUM of Axis Dynamic Term Fund?
Axis Dynamic Term Fund managed ₹969.27 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Axis Dynamic Term Fund?
At the end of September 2026 the largest holdings were Canara Bank (12/03/2027) (10.01%), 7.3% Government of India (19/06/2053) (7.43%), Kotak Mahindra Bank Limited (29/01/2027) (5.05%), Small Industries Dev Bank of India (04/02/2027) (5.04%), 7.52% Power Grid Corporation of India Limited (23/03/2033) (3.49%). The fund held 54 securities in all.
How do I invest in Axis Dynamic Term Fund?
Through Axis Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.
Who is the fund manager of Axis Dynamic Term Fund?
Devang Shah (since 05-11-2012), Hardik Shah (since 05-04-2024).
What is the exit load of Axis Dynamic Term Fund?
Nil
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
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