Aditya Birla Sun Life Dynamic Term Fund vs Mahindra Manulife Dynamic Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Dynamic Term Fund and Mahindra Manulife Dynamic Term Fund are both Dynamic Bond funds. In the 3 years to 30-10-2026, Aditya Birla Sun Life Dynamic Term Fund (Direct) returned 7.6% a year and Mahindra Manulife Dynamic Term Fund (Direct) returned 7.3% a year. Aditya Birla Sun Life Dynamic Term Fund charges 0.64% a year and Mahindra Manulife Dynamic Term Fund 0.42% (Direct plans). Their portfolios overlap 0.4%: they hold 1 of the same security.
Aditya Birla Sun Life Dynamic Term Fund
Dynamic Bond
- 3 year return
- 7.6%
- Expense ratio
- 0.64%
- NAV
- ₹52.84
Mahindra Manulife Dynamic Term Fund
Dynamic Bond
- 3 year return
- 7.3%
- Expense ratio
- 0.42%
- NAV
- ₹16.25
Which is better, Aditya Birla Sun Life Dynamic Term or Mahindra Manulife Dynamic Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life Dynamic Term returned more over 5 years: 7.1% a year against 5.8%.
- Aditya Birla Sun Life Dynamic Term returned more over 3 years: 7.6% a year against 7.3%.
- Mahindra Manulife Dynamic Term costs less: 0.42% a year against 0.64% (Direct plans).
- Mahindra Manulife Dynamic Term swung less over 3 years: a standard deviation of 2.0% a year against 2.0%.
- Mahindra Manulife Dynamic Term fell less in its worst fall since 24-08-2018: −2.3% against −7.5%.
- Aditya Birla Sun Life Dynamic Term is the larger fund: ₹1,370 Cr against ₹47 Cr.
- Their portfolios overlap 0.4%: 1 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Dynamic Term Fund | Mahindra Manulife Dynamic Term Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Mahindra Manulife Mutual Fund |
| Category | Dynamic Bond | Dynamic Bond |
| AUM | ₹1,370 Cr (30-09-2026) | ₹47 Cr (30-09-2026) |
| NAV | ₹52.84 (Direct) | ₹16.25 (Direct) |
| Expense ratio (Direct) | 0.64% | 0.42% |
| Expense ratio (Regular) | 1.22% | 1.59% |
| Riskometer | Moderately High | Moderately High |
| Benchmark | NIFTY Composite Debt Index A-III | CRISIL Dynamic Bond A-III Index |
| Launch date | 27-09-2004 | 20-08-2018 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Mohit Sharma, Bhupesh Bameta | Rahul Pal, Kush Sonigara |
| Exit load | Exit load of 0.50% if units in excess of 15% are redeemed or switched-out within 90 days | Nil |
Aditya Birla Sun Life Dynamic Term vs Mahindra Manulife Dynamic Term: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Dynamic Term Fund (Direct) | −0.22% | +0.11% | +2.79% | +4.53% | +7.59% | +7.12% | +6.01% |
| Mahindra Manulife Dynamic Term Fund (Direct) | −0.66% | −0.65% | +2.02% | +3.44% | +7.25% | +5.83% | -- |
| Dynamic Bond average | −0.48% | −0.66% | +1.80% | +3.05% | +6.70% | +5.98% | -- |
Category average: the average of the 22 Dynamic Bond funds, same plan type.
Aditya Birla Sun Life Dynamic Term vs Mahindra Manulife Dynamic Term: Year-wise Returns
| Year | Aditya Birla Sun LifeAditya Birla Sun Life Dynamic Term | Mahindra ManulifeMahindra Manulife Dynamic Term |
|---|---|---|
| 2026to date | +3.70% | +3.00% |
| 2025 | +7.62% | +7.23% |
| 2024 | +9.46% | +9.63% |
| 2023 | +7.50% | +7.06% |
| 2022 | +6.60% | +1.96% |
| 2021 | +5.52% | +3.55% |
Aditya Birla Sun Life Dynamic Term vs Mahindra Manulife Dynamic Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,258 of them, one for each trading day from 24-08-2021 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Dynamic Term Fund (Direct)
Mahindra Manulife Dynamic Term Fund (Direct)
to
Jan 2022Dec 2019
to
Dec 2022Oct 2020
to
Oct 2023Sept 2021
to
Sept 2024Aug 2022
to
Aug 2025May 2023
to
May 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Dynamic Term | 0.0 | 7.9 | 91.3 | 0.8 | 0.0 | 0.0 | 0.0 | 7.1% | 7.4% | 3.7% | 10.0% |
| Mahindra Manulife Dynamic Term | 0.0 | 39.1 | 60.9 | 0.0 | 0.0 | 0.0 | 0.0 | 5.9% | 5.8% | 3.6% | 8.8% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 24-08-2018. Past returns do not promise future returns.
Aditya Birla Sun Life Dynamic Term vs Mahindra Manulife Dynamic Term: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-08-2018 to 30-10-2026: 99 instalments, ₹9,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Dynamic TermAditya Birla Sun Life Dynamic Term Fund (Direct) | ₹9,90,000 | ₹13,22,875 | ₹3,32,875 | 6.9% |
| Mahindra Manulife Dynamic TermMahindra Manulife Dynamic Term Fund (Direct) | ₹9,90,000 | ₹12,72,063 | ₹2,82,063 | 6.0% |
Aditya Birla Sun Life Dynamic TermAditya Birla Sun Life Dynamic Term Fund (Direct)
Mahindra Manulife Dynamic TermMahindra Manulife Dynamic Term Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), 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.
Aditya Birla Sun Life Dynamic Term vs Mahindra Manulife Dynamic Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Dynamic Term Fund (Direct) | Mahindra Manulife Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.53% | +3.44% |
| Standard deviation | 1.93% | 2.00% |
| Sharpe ratio | -0.37 | -0.90 |
| Sortino ratio | -0.51 | -1.22 |
| Maximum drawdown | −1.1% (02-04-2026) | −1.8% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Dynamic Term Fund (Direct) | Mahindra Manulife Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.59% | +7.25% |
| Standard deviation | 2.00% | 1.97% |
| Sharpe ratio | 0.78 | 0.63 |
| Sortino ratio | 1.12 | 0.89 |
| Maximum drawdown | −1.1% (02-04-2026) | −1.8% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Dynamic Term Fund (Direct) | Mahindra Manulife Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.12% | +5.83% |
| Standard deviation | 2.11% | 1.92% |
| Sharpe ratio | 0.62 | 0.01 |
| Sortino ratio | 1.05 | 0.02 |
| Maximum drawdown | −1.2% (06-05-2022) | −2.3% (09-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
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. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Dynamic Term Fund (Direct) | Mahindra Manulife Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.50% | +6.09% |
| Standard deviation | 3.29% | 1.79% |
| Sharpe ratio | 0.44 | 0.46 |
| Sortino ratio | 0.58 | 0.67 |
| Maximum drawdown | −7.5% (25-11-2019) | −2.3% (09-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 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. Beta and alpha compare each fund with its own benchmark's TRI.
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.
Aditya Birla Sun Life Dynamic Term Fund (Direct)
Mahindra Manulife Dynamic Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Dynamic Term Fund (Direct) | −7.5% | 19-09-2019 | 25-11-2019 | 17-07-2020 | 8 months | −0.7% |
| Mahindra Manulife Dynamic Term Fund (Direct) | −2.3% | 15-12-2021 | 09-05-2022 | 17-08-2022 | 3 months | −1.6% |
From daily values since 24-08-2018, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Dynamic Term Fund (Direct)
Mahindra Manulife Dynamic Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Dynamic Term Fund (Direct)
Mahindra Manulife Dynamic Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Dynamic Term Fund (Direct)
Mahindra Manulife Dynamic Term Fund (Direct)
Aditya Birla Sun Life Dynamic Term vs Mahindra Manulife Dynamic Term: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Dynamic Term Fund, September 2026; Mahindra Manulife Dynamic Term Fund, September 2026
Holdings in common
- Overlap
- 0.4%
- Held by both
- 1
- Only in Aditya Birla Sun Life Dynamic Term
- 40
- Only in Mahindra Manulife Dynamic Term
- 13
| Security | % of Aditya Birla Sun Life Dynamic Term | % of Mahindra Manulife Dynamic Term |
|---|---|---|
| Corporate Debt Mkt Devp. Fund-A2 | 0.42% | 0.61% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 0.4% means 0.4% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Dynamic Term Fund
| Security | % of fund |
|---|---|
| Government of India (15/04/2065) | 8.60% |
| HDFC Bank Ltd. (15/01/2027) | 7.16% |
| 7.79% Tata Capital Housing Finance Ltd. (18/06/2030) | 6.10% |
| 9.10% Cholamandalam Investment & Finance Co. Ltd. (27/06/2031) | 5.86% |
| 9.25% Hinduja Leyland Finance Ltd. (09/07/2031) | 5.08% |
Largest holdings only in Mahindra Manulife Dynamic Term Fund
| Security | % of fund |
|---|---|
| 7.71% Government of India 2066 | 15.86% |
| 7.25% State Government Securities 2037 | 10.10% |
| 7.24% Government of India 2055 | 10.04% |
| 7.29% Small Industries Dev Bank of India 2029 | 8.33% |
| 7.01% National Bank For Agriculture and Rural Development 2029 | 8.31% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Dynamic Term | Mahindra Manulife Dynamic Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 86.0% | 88.4% |
| Cash and others | 14.0% | 11.6% |
Aditya Birla Sun Life Dynamic Term vs Mahindra Manulife Dynamic Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Dynamic Term Fund | Mahindra Manulife Dynamic Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.64% | 0.42% |
| Base expense ratio (Direct) | 0.55% | 0.35% |
| Total expense ratio (Regular) | 1.22% | 1.59% |
| Base expense ratio (Regular) | 1.04% | 1.35% |
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, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Aditya Birla Sun Life Dynamic Term with
Aditya Birla Sun Life Dynamic Term Fund vs Mahindra Manulife Dynamic Term Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Dynamic Term Fund and Mahindra Manulife Dynamic Term Fund?
Both are Dynamic Bond funds, run by Aditya Birla Sun Life Mutual Fund and Mahindra Manulife Mutual Fund. Their portfolios overlap 0.4%. Aditya Birla Sun Life Dynamic Term Fund charges 0.64% a year and Mahindra Manulife Dynamic Term Fund 0.42%.
Which has given higher returns, Aditya Birla Sun Life Dynamic Term Fund or Mahindra Manulife Dynamic Term Fund?
Over 1 year: Aditya Birla Sun Life Dynamic Term Fund +4.53%, Mahindra Manulife Dynamic Term Fund +3.44%. Over 3 years: Aditya Birla Sun Life Dynamic Term Fund +7.59% a year, Mahindra Manulife Dynamic Term Fund +7.25% a year. Over 5 years: Aditya Birla Sun Life Dynamic Term Fund +7.12% a year, Mahindra Manulife Dynamic Term Fund +5.83% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Dynamic Term Fund or Mahindra Manulife Dynamic Term Fund?
Mahindra Manulife Dynamic Term Fund charges less: 0.42% a year against 0.64%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Dynamic Term Fund and Mahindra Manulife Dynamic Term Fund overlap?
0.4%. They hold 1 of the same securities, the largest shared ones being Corporate Debt Mkt Devp. Fund-A2. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Dynamic Term Fund or Mahindra Manulife Dynamic Term Fund?
On SEBI's riskometer, Aditya Birla Sun Life Dynamic Term Fund is rated Moderately High and Mahindra Manulife Dynamic Term Fund Moderately High. Over 3 years, the standard deviation of daily returns was 2.00% and 1.97% a year.
Which is better for SIP, Aditya Birla Sun Life Dynamic Term Fund or Mahindra Manulife Dynamic Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,29,670 in Aditya Birla Sun Life Dynamic Term Fund (XIRR 7.0% a year) and ₹7,16,246 in Mahindra Manulife Dynamic Term Fund (XIRR 6.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Dynamic Term Fund and Mahindra Manulife Dynamic Term Fund?
Yes. 0.4% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Aditya Birla Sun Life Dynamic Term Fund and Mahindra Manulife Dynamic Term Fund?
Aditya Birla Sun Life Dynamic Term Fund: Mohit Sharma, Bhupesh Bameta. Mahindra Manulife Dynamic Term Fund: Rahul Pal, Kush Sonigara.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.