Axis Dynamic Term Fund vs HDFC Long Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Dynamic Term Fund is a Dynamic Bond fund and HDFC Long Term Fund is a Long Duration fund. In the 3 years to 30-10-2026, Axis Dynamic Term Fund (Direct) returned 7.3% a year and HDFC Long Term Fund (Direct) returned 5.7% a year. Axis Dynamic Term Fund charges 0.34% a year and HDFC Long Term Fund 0.28% (Direct plans). Their portfolios overlap 11.5%: they hold 4 of the same securities.
Axis Dynamic Term Fund
Dynamic Bond
- 3 year return
- 7.3%
- Expense ratio
- 0.34%
- NAV
- ₹34.66
Which is better, Axis Dynamic Term or HDFC Long 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 3 years: 7.3% a year against 5.7%.
- Axis Dynamic Term returned more over 1 year: 4.8% against −0.0%.
- HDFC Long Term costs less: 0.28% a year against 0.34% (Direct plans).
- Axis Dynamic Term swung less over 3 years: a standard deviation of 1.9% a year against 4.1%.
- Axis Dynamic Term fell less in its worst fall since 20-01-2023: −1.3% against −6.0%.
- HDFC Long Term is the larger fund: ₹2,577 Cr against ₹969 Cr.
- Their portfolios overlap 11.5%: 4 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 Long Term Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | HDFC Mutual Fund |
| Category | Dynamic Bond | Long Duration |
| AUM | ₹969 Cr (30-09-2026) | ₹2,577 Cr (30-09-2026) |
| NAV | ₹34.66 (Direct) | ₹12.28 (Direct) |
| Expense ratio (Direct) | 0.34% | 0.28% |
| Expense ratio (Regular) | 0.65% | 0.62% |
| Riskometer | Moderate | Moderately High |
| Benchmark | NIFTY Composite Debt Index A-III | NIFTY Long Duration Debt Index A-III |
| Launch date | 27-04-2011 | 20-01-2023 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Devang Shah, Hardik Shah | Amar Kalkundrikar, Gopal Agrawal |
| Exit load | Nil | Nil |
Axis Dynamic Term vs HDFC Long 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 Long Term Fund (Direct) | −1.53% | −2.48% | +0.53% | −0.02% | +5.68% | -- | -- |
| Dynamic Bond average | −0.48% | −0.66% | +1.80% | +3.05% | +6.70% | +5.98% | +6.68% |
| Long Duration average | −1.14% | −2.16% | +0.90% | +0.63% | +5.83% | -- | -- |
Category average: the average of the 22 Dynamic Bond funds and the 11 Long Duration funds, same plan type.
Axis Dynamic Term vs HDFC Long Term: Year-wise Returns
| Year | Axis DynamicAxis Dynamic Term | HDFC LongHDFC Long Term |
|---|---|---|
| 2026to date | +4.03% | −0.54% |
| 2025 | +7.41% | +3.41% |
| 2024 | +8.85% | +11.77% |
| 2023 | +6.98% | -- |
| 2022 | +2.51% | -- |
| 2021 | +4.32% | -- |
Axis Dynamic Term vs HDFC Long Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 190 of them, one for each trading day from 20-01-2026 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 Long Term Fund (Direct)
to
Feb 2026Mar 2023
to
Mar 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Oct 2023
to
Oct 2026
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 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.5% | 6.7% | 7.9% |
| HDFC Long Term | 0.0 | 2.7 | 97.3 | 0.0 | 0.0 | 0.0 | 0.0 | 6.3% | 6.2% | 4.7% | 7.4% |
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 20-01-2023. Past returns do not promise future returns.
Axis Dynamic Term vs HDFC Long 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 02-01-2023 to 30-10-2026: 46 instalments, ₹4,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Dynamic TermAxis Dynamic Term Fund (Direct) | ₹4,60,000 | ₹5,21,821 | ₹61,821 | 6.5% |
| HDFC Long TermHDFC Long Term Fund (Direct) | ₹4,60,000 | ₹4,92,277 | ₹32,277 | 3.5% |
Axis Dynamic TermAxis Dynamic Term Fund (Direct)
HDFC Long TermHDFC Long 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 Long 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 Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.84% | −0.02% |
| Standard deviation | 1.92% | 4.94% |
| Sharpe ratio | -0.21 | -1.07 |
| Sortino ratio | -0.31 | -1.42 |
| Maximum drawdown | −1.2% (02-04-2026) | −4.3% (02-04-2026) |
| 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 Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.30% | +5.68% |
| Standard deviation | 1.87% | 4.13% |
| Sharpe ratio | 0.68 | -0.08 |
| Sortino ratio | 0.99 | -0.11 |
| Maximum drawdown | −1.3% (26-08-2025) | −6.0% (02-04-2026) |
| 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 | Axis Dynamic Term Fund (Direct) | HDFC Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.19% | +5.60% |
| Standard deviation | 3.21% | 4.07% |
| Sharpe ratio | 0.67 | -0.14 |
| Sortino ratio | 0.95 | -0.19 |
| Maximum drawdown | −7.1% (19-08-2013) | −6.0% (02-04-2026) |
| 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 Long 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) | −1.3% | 22-07-2025 | 26-08-2025 | 03-10-2025 | 38 days | −0.8% |
| HDFC Long Term Fund (Direct) | −6.0% | 28-05-2025 | 02-04-2026 | 25-06-2026 | 3 months | −3.9% |
From daily values since 20-01-2023, 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 Long 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 Long Term Fund (Direct)
Axis Dynamic Term vs HDFC Long Term: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Dynamic Term Fund, September 2026; HDFC Long Term Fund, September 2026
Holdings in common
- Overlap
- 11.5%
- Held by both
- 4
- Only in Axis Dynamic Term
- 50
- Only in HDFC Long Term
- 7
| Security | % of Axis Dynamic Term | % of HDFC Long Term |
|---|---|---|
| 7.3% Government of India (19/06/2053) | 7.43% | 29.06% |
| 7.09% Government of India (05/08/2054) | 3.37% | 19.40% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | 0.54% | 0.63% |
| 6.9% Government of India (15/04/2065) | 0.16% | 8.44% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.5% means 11.5% 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% |
| 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% |
| 6.8% State Bank of India (21/08/2035) | 2.64% |
Largest holdings only in HDFC Long Term Fund
| Security | % of fund |
|---|---|
| 7.36% GOI MAT 120952 | 18.69% |
| 7.34% GOI MAT 220464 | 7.82% |
| 6.99% GOI MAT 151251 | 6.46% |
| 6.62% GOI MAT 281151 | 2.72% |
| 7.16% GOI MAT 200950 | 1.83% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Dynamic Term | HDFC Long Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 70.3% | 97.3% |
| Cash and others | 29.7% | 2.7% |
Axis Dynamic Term vs HDFC Long Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Dynamic Term Fund | HDFC Long Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.34% | 0.28% |
| Base expense ratio (Direct) | 0.27% | 0.24% |
| Total expense ratio (Regular) | 0.65% | 0.62% |
| Base expense ratio (Regular) | 0.53% | 0.53% |
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 Long Term Fund: Frequently Asked Questions
What is the difference between Axis Dynamic Term Fund and HDFC Long Term Fund?
Axis Dynamic Term Fund is a Dynamic Bond fund, HDFC Long Term Fund is a Long Duration fund, run by Axis Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 11.5%. Axis Dynamic Term Fund charges 0.34% a year and HDFC Long Term Fund 0.28%.
Which has given higher returns, Axis Dynamic Term Fund or HDFC Long Term Fund?
Over 1 year: Axis Dynamic Term Fund +4.84%, HDFC Long Term Fund −0.02%. Over 3 years: Axis Dynamic Term Fund +7.30% a year, HDFC Long Term Fund +5.68% 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 Long Term Fund?
HDFC Long Term Fund charges less: 0.28% a year against 0.34%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Dynamic Term Fund and HDFC Long Term Fund overlap?
11.5%. They hold 4 of the same securities, the largest shared ones being 7.3% Government of India (19/06/2053), 7.09% Government of India (05/08/2054), SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2. From each fund's latest monthly portfolio.
Which is riskier, Axis Dynamic Term Fund or HDFC Long Term Fund?
On SEBI's riskometer, Axis Dynamic Term Fund is rated Moderate and HDFC Long Term Fund Moderately High. Over 3 years, the standard deviation of daily returns was 1.87% and 4.13% a year.
Which is better for SIP, Axis Dynamic Term Fund or HDFC Long Term Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,07,678 in Axis Dynamic Term Fund (XIRR 6.2% a year) and ₹3,84,538 in HDFC Long Term Fund (XIRR 2.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Axis Dynamic Term Fund and HDFC Long Term Fund?
Yes. 11.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Dynamic Term Fund and HDFC Long Term Fund?
Axis Dynamic Term Fund: Devang Shah, Hardik Shah. HDFC Long Term Fund: Amar Kalkundrikar, 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.