Axis Dynamic Term Fund vs HDFC Dynamic Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Dynamic Term Fund and HDFC Dynamic Term Fund are both Dynamic Bond funds. In the 3 years to 30-10-2026, Axis Dynamic Term Fund (Direct) returned 7.3% a year and HDFC Dynamic Term Fund (Direct) returned 6.5% a year. Axis Dynamic Term Fund charges 0.34% a year and HDFC Dynamic Term Fund 0.75% (Direct plans). Their portfolios overlap 7.9%: they hold 7 of the same securities.
Axis Dynamic Term Fund
Dynamic Bond
- 3 year return
- 7.3%
- Expense ratio
- 0.34%
- NAV
- ₹34.66
HDFC Dynamic Term Fund
Dynamic Bond
- 3 year return
- 6.5%
- Expense ratio
- 0.75%
- NAV
- ₹102.71
Which is better, Axis Dynamic Term or HDFC 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.
- Axis Dynamic Term returned more over 5 years: 6.1% a year against 5.7%.
- Axis Dynamic Term returned more over 3 years: 7.3% a year against 6.5%.
- Axis Dynamic Term costs less: 0.34% a year against 0.75% (Direct plans).
- Axis Dynamic Term swung less over 3 years: a standard deviation of 1.9% a year against 2.3%.
- Axis Dynamic Term fell less in its worst fall since 03-01-2013: −7.1% against −7.5%.
- Axis Dynamic Term is the larger fund: ₹969 Cr against ₹480 Cr.
- Their portfolios overlap 7.9%: 7 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 | Axis Dynamic Term Fund | HDFC Dynamic Term Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | HDFC Mutual Fund |
| Category | Dynamic Bond | Dynamic Bond |
| AUM | ₹969 Cr (30-09-2026) | ₹480 Cr (30-09-2026) |
| NAV | ₹34.66 (Direct) | ₹102.71 (Direct) |
| Expense ratio (Direct) | 0.34% | 0.75% |
| Expense ratio (Regular) | 0.65% | 1.40% |
| Riskometer | Moderate | Moderately High |
| Benchmark | NIFTY Composite Debt Index A-III | NIFTY Composite Debt Index A-III |
| Launch date | 27-04-2011 | 28-04-1997 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Devang Shah, Hardik Shah | Anil Bamboli, Gopal Agrawal |
| Exit load | Nil | NIL |
Axis Dynamic Term vs HDFC 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 |
|---|---|---|---|---|---|---|---|
| Axis Dynamic Term Fund (Direct) | −0.32% | −0.16% | +2.80% | +4.84% | +7.30% | +6.14% | +7.25% |
| HDFC Dynamic Term Fund (Direct) | −0.49% | −0.71% | +2.27% | +3.27% | +6.47% | +5.72% | +5.92% |
| Dynamic Bond average | −0.48% | −0.66% | +1.80% | +3.05% | +6.70% | +5.98% | +6.68% |
Category average: the average of the 22 Dynamic Bond funds, same plan type.
Axis Dynamic Term vs HDFC Dynamic Term: Year-wise Returns
| Year | AxisAxis Dynamic Term | HDFCHDFC Dynamic Term |
|---|---|---|
| 2026to date | +4.03% | +2.73% |
| 2025 | +7.41% | +5.45% |
| 2024 | +8.85% | +9.25% |
| 2023 | +6.98% | +7.87% |
| 2022 | +2.51% | +2.83% |
| 2021 | +4.32% | +8.16% |
Axis Dynamic Term vs HDFC Dynamic Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,626 of them, one for each trading day from 04-01-2016 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.
Axis Dynamic Term Fund (Direct)
HDFC Dynamic Term Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Dynamic Term | 0.0 | 4.6 | 74.0 | 21.4 | 0.0 | 0.0 | 0.0 | 8.3% | 8.2% | 4.2% | 14.0% |
| HDFC Dynamic Term | 0.0 | 10.3 | 77.1 | 12.7 | 0.0 | 0.0 | 0.0 | 7.5% | 7.1% | 2.9% | 14.4% |
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 03-01-2013. Past returns do not promise future returns.
Axis Dynamic Term vs HDFC 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 03-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Dynamic TermAxis Dynamic Term Fund (Direct) | ₹16,60,000 | ₹28,70,481 | ₹12,10,481 | 7.5% |
| HDFC Dynamic TermHDFC Dynamic Term Fund (Direct) | ₹16,60,000 | ₹26,85,159 | ₹10,25,159 | 6.7% |
Axis Dynamic TermAxis Dynamic Term Fund (Direct)
HDFC Dynamic TermHDFC 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.
Axis Dynamic Term vs HDFC Dynamic Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Dynamic Term Fund (Direct) | HDFC Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.84% | +3.27% |
| Standard deviation | 1.92% | 2.67% |
| Sharpe ratio | -0.21 | -0.74 |
| Sortino ratio | -0.31 | -1.00 |
| Maximum drawdown | −1.2% (02-04-2026) | −2.3% (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 | Axis Dynamic Term Fund (Direct) | HDFC Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.30% | +6.47% |
| Standard deviation | 1.87% | 2.33% |
| Sharpe ratio | 0.68 | 0.19 |
| Sortino ratio | 0.99 | 0.26 |
| Maximum drawdown | −1.3% (26-08-2025) | −2.6% (26-08-2025) |
| 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 | Axis Dynamic Term Fund (Direct) | HDFC Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.14% | +5.72% |
| Standard deviation | 2.07% | 2.07% |
| Sharpe ratio | 0.16 | -0.04 |
| Sortino ratio | 0.21 | -0.05 |
| Maximum drawdown | −3.2% (13-06-2022) | −2.6% (26-08-2025) |
| 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 | Axis Dynamic Term Fund (Direct) | HDFC Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.19% | +7.36% |
| Standard deviation | 3.21% | 3.33% |
| Sharpe ratio | 0.67 | 0.39 |
| Sortino ratio | 0.95 | 0.60 |
| Maximum drawdown | −7.1% (19-08-2013) | −7.5% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
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. 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.
Axis Dynamic Term Fund (Direct)
HDFC Dynamic Term Fund (Direct)
| Fund | 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 | −0.8% |
| HDFC Dynamic Term Fund (Direct) | −7.5% | 28-05-2013 | 19-08-2013 | 24-03-2014 | 7 months | −1.9% |
From daily values since 03-01-2013, 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.
Axis Dynamic Term Fund (Direct)
HDFC 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.
Axis Dynamic Term Fund (Direct)
HDFC 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.
Axis Dynamic Term Fund (Direct)
HDFC Dynamic Term Fund (Direct)
Axis Dynamic Term vs HDFC Dynamic Term: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Dynamic Term Fund, September 2026; HDFC Dynamic Term Fund, September 2026
Holdings in common
- Overlap
- 7.9%
- Held by both
- 7
- Only in Axis Dynamic Term
- 47
- Only in HDFC Dynamic Term
- 27
| Security | % of Axis Dynamic Term | % of HDFC Dynamic Term |
|---|---|---|
| 6.94% Government of India (11/05/2036) | 2.54% | 4.10% |
| Cube Highways Trust-InvIT Fund | 1.89% | 2.21% |
| Raajmarg Infra Investment Trust | 1.46% | 1.72% |
| Indus Infra Trust | 1.01% | 4.42% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | 0.54% | 0.51% |
| 7.72% Bihar State Development Loans (25/02/2041) | 0.33% | 1.02% |
| 6.9% Government of India (15/04/2065) | 0.16% | 4.67% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 7.9% means 7.9% 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 Axis Dynamic Term Fund
| Security | % of fund |
|---|---|
| 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% |
Largest holdings only in HDFC Dynamic Term Fund
| Security | % of fund |
|---|---|
| 7.34% GOI MAT 220464 | 14.70% |
| REC Limited. | 5.34% |
| National Bank for Agri & Rural Dev. | 5.19% |
| Small Industries Development Bank | 5.09% |
| Union Bank of India | 5.09% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Dynamic Term | HDFC Dynamic Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 70.3% | 73.9% |
| Cash and others | 29.7% | 26.1% |
Axis Dynamic Term vs HDFC Dynamic Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Dynamic Term Fund | HDFC Dynamic Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.34% | 0.75% |
| Base expense ratio (Direct) | 0.27% | 0.63% |
| Total expense ratio (Regular) | 0.65% | 1.40% |
| Base expense ratio (Regular) | 0.53% | 1.18% |
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 Axis Dynamic Term with
Axis Dynamic Term Fund vs HDFC Dynamic Term Fund: Frequently Asked Questions
What is the difference between Axis Dynamic Term Fund and HDFC Dynamic Term Fund?
Both are Dynamic Bond funds, run by Axis Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 7.9%. Axis Dynamic Term Fund charges 0.34% a year and HDFC Dynamic Term Fund 0.75%.
Which has given higher returns, Axis Dynamic Term Fund or HDFC Dynamic Term Fund?
Over 1 year: Axis Dynamic Term Fund +4.84%, HDFC Dynamic Term Fund +3.27%. Over 3 years: Axis Dynamic Term Fund +7.30% a year, HDFC Dynamic Term Fund +6.47% a year. Over 5 years: Axis Dynamic Term Fund +6.14% a year, HDFC Dynamic Term Fund +5.72% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Dynamic Term Fund or HDFC Dynamic Term Fund?
Axis Dynamic Term Fund charges less: 0.34% a year against 0.75%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Dynamic Term Fund and HDFC Dynamic Term Fund overlap?
7.9%. They hold 7 of the same securities, the largest shared ones being 6.94% Government of India (11/05/2036), CUBEINVIT, RIIT. From each fund's latest monthly portfolio.
Which is riskier, Axis Dynamic Term Fund or HDFC Dynamic Term Fund?
On SEBI's riskometer, Axis Dynamic Term Fund is rated Moderate and HDFC Dynamic Term Fund Moderately High. Over 3 years, the standard deviation of daily returns was 1.87% and 2.33% a year.
Which is better for SIP, Axis Dynamic Term Fund or HDFC Dynamic Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,22,410 in Axis Dynamic Term Fund (XIRR 6.6% a year) and ₹7,07,315 in HDFC Dynamic Term Fund (XIRR 5.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Dynamic Term Fund and HDFC Dynamic Term Fund?
Yes. 7.9% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Axis Dynamic Term Fund and HDFC Dynamic Term Fund?
Axis Dynamic Term Fund: Devang Shah, Hardik Shah. HDFC Dynamic Term Fund: Anil Bamboli, Gopal Agrawal.
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.