Axis Floating Interest Rates Fund vs DSP Dynamic Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Floating Interest Rates Fund is a Floater fund and DSP Dynamic Term Fund is a Dynamic Bond fund. In the 3 years to 30-10-2026, Axis Floating Interest Rates Fund (Direct) returned 8.2% a year and DSP Dynamic Term Fund (Direct) returned 6.0% a year. Axis Floating Interest Rates Fund charges 0.22% a year and DSP Dynamic Term Fund 0.54% (Direct plans). Their portfolios overlap 17.4%: they hold 4 of the same securities.
Axis Floating Interest Rates Fund
Floater
- 3 year return
- 8.2%
- Expense ratio
- 0.22%
- NAV
- ₹1,424.94
DSP Dynamic Term Fund
Dynamic Bond
- 3 year return
- 6.0%
- Expense ratio
- 0.54%
- NAV
- ₹3,646.31
Which is better, Axis Floating Interest Rates or DSP 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 Floating Interest Rates returned more over 5 years: 7.1% a year against 5.5%.
- Axis Floating Interest Rates returned more over 3 years: 8.2% a year against 6.0%.
- Axis Floating Interest Rates costs less: 0.22% a year against 0.54% (Direct plans).
- Axis Floating Interest Rates swung less over 3 years: a standard deviation of 2.1% a year against 2.9%.
- Axis Floating Interest Rates fell less in its worst fall since 02-08-2021: −1.3% against −3.1%.
- DSP Dynamic Term is the larger fund: ₹607 Cr against ₹149 Cr.
- Their portfolios overlap 17.4%: 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 Floating Interest Rates Fund | DSP Dynamic Term Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | DSP Mutual Fund |
| Category | Floater | Dynamic Bond |
| AUM | ₹149 Cr (30-09-2026) | ₹607 Cr (30-09-2026) |
| NAV | ₹1,424.94 (Direct) | ₹3,646.31 (Direct) |
| Expense ratio (Direct) | 0.22% | 0.54% |
| Expense ratio (Regular) | 0.52% | 1.16% |
| Riskometer | High | Moderate |
| Benchmark | NIFTY Medium to Long Duration Debt Index A-III | CRISIL Dynamic Bond A-III Index |
| Launch date | 29-07-2021 | 09-05-2007 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Aditya Pagaria, Hardik Shah | Shantanu Godambe, Sandeep Yadav, Kunal Khudania |
| Exit load | Nil | Nil |
Axis Floating Interest Rates vs DSP 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 Floating Interest Rates Fund (Direct) | −0.07% | +0.46% | +3.44% | +6.06% | +8.24% | +7.11% | -- |
| DSP Dynamic Term Fund (Direct) | −0.58% | −1.75% | +1.23% | +1.26% | +6.03% | +5.49% | +6.43% |
| Floater average | −0.01% | +0.56% | +2.76% | +5.43% | +7.47% | +6.73% | -- |
| Dynamic Bond average | −0.48% | −0.66% | +1.80% | +3.05% | +6.70% | +5.98% | +6.68% |
Category average: the average of the 12 Floater funds and the 22 Dynamic Bond funds, same plan type.
Axis Floating Interest Rates vs DSP Dynamic Term: Year-wise Returns
| Year | Axis Floating Interest RatesAxis Floating Interest Rates | DSP Dynamic TermDSP Dynamic Term |
|---|---|---|
| 2026to date | +5.05% | +0.72% |
| 2025 | +7.91% | +4.86% |
| 2024 | +9.69% | +10.66% |
| 2023 | +7.52% | +8.62% |
| 2022 | +4.99% | +2.25% |
| 2021 | -- | +3.02% |
Axis Floating Interest Rates vs DSP Dynamic Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 552 of them, one for each trading day from 02-08-2024 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 Floating Interest Rates Fund (Direct)
DSP Dynamic Term Fund (Direct)
to
Oct 2024Feb 2022
to
Feb 2025Jul 2022
to
Jul 2025Nov 2022
to
Nov 2025Apr 2023
to
Apr 2026Aug 2023
to
Aug 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 Floating Interest Rates | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.0% | 8.2% | 6.6% | 9.0% |
| DSP Dynamic Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.2% | 5.8% | 9.3% |
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 02-08-2021. Past returns do not promise future returns.
Axis Floating Interest Rates vs DSP 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 02-08-2021 to 30-10-2026: 63 instalments, ₹6,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Floating Interest RatesAxis Floating Interest Rates Fund (Direct) | ₹6,30,000 | ₹7,66,723 | ₹1,36,723 | 7.4% |
| DSP Dynamic TermDSP Dynamic Term Fund (Direct) | ₹6,30,000 | ₹7,22,604 | ₹92,604 | 5.2% |
Axis Floating Interest RatesAxis Floating Interest Rates Fund (Direct)
DSP Dynamic TermDSP 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 Floating Interest Rates vs DSP Dynamic Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Floating Interest Rates Fund (Direct) | DSP Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.06% | +1.26% |
| Standard deviation | 1.97% | 3.19% |
| Sharpe ratio | 0.42 | -1.25 |
| Sortino ratio | 0.62 | -1.65 |
| Maximum drawdown | −1.3% (02-04-2026) | −2.9% (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 Floating Interest Rates Fund (Direct) | DSP Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.24% | +6.03% |
| Standard deviation | 2.06% | 2.92% |
| Sharpe ratio | 1.07 | 0.00 |
| Sortino ratio | 1.58 | 0.00 |
| Maximum drawdown | −1.3% (02-04-2026) | −3.1% (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 Floating Interest Rates Fund (Direct) | DSP Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.11% | +5.49% |
| Standard deviation | 1.77% | 2.45% |
| Sharpe ratio | 0.74 | -0.13 |
| Sortino ratio | 1.08 | -0.17 |
| Maximum drawdown | −1.3% (02-04-2026) | −3.1% (02-04-2026) |
| 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 Floating Interest Rates Fund (Direct) | DSP Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +7.52% |
| Standard deviation | 1.73% | 3.37% |
| Sharpe ratio | 0.75 | 0.44 |
| Sortino ratio | 1.09 | 0.60 |
| Maximum drawdown | −1.3% (02-04-2026) | −4.5% (10-06-2019) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-08-2021 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.
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 Floating Interest Rates Fund (Direct)
DSP Dynamic Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Floating Interest Rates Fund (Direct) | −1.3% | 11-03-2026 | 02-04-2026 | 10-04-2026 | 8 days | −0.3% |
| DSP Dynamic Term Fund (Direct) | −3.1% | 28-05-2025 | 02-04-2026 | 17-06-2026 | 2 months | −2.5% |
From daily values since 02-08-2021, 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 Floating Interest Rates Fund (Direct)
DSP 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 Floating Interest Rates Fund (Direct)
DSP 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 Floating Interest Rates Fund (Direct)
DSP Dynamic Term Fund (Direct)
Axis Floating Interest Rates vs DSP Dynamic Term: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Floating Interest Rates Fund, September 2026; DSP Dynamic Term Fund, September 2026
Holdings in common
- Overlap
- 17.4%
- Held by both
- 4
- Only in Axis Floating Interest Rates
- 23
- Only in DSP Dynamic Term
- 11
| Security | % of Axis Floating Interest Rates | % of DSP Dynamic Term |
|---|---|---|
| 6.94% Government of India (11/05/2036) | 9.89% | 15.82% |
| 7.71% Government of India (18/05/2066) | 3.35% | 4.24% |
| 7.43% Maharashtra State Development Loans (03/12/2040) | 3.22% | 8.12% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | 0.93% | 0.90% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 17.4% means 17.4% 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 Axis Floating Interest Rates Fund
| Security | % of fund |
|---|---|
| 6.95% REC Limited (18/02/2028) | 6.64% |
| Bank of Baroda (11/03/2027) | 6.51% |
| 7.34% Government of India (22/04/2064) | 5.95% |
| Jubilant Bevco Limited (31/05/2028) (ZCB) | 3.77% |
| Jubilant Beverages Limited (31/05/2028) (ZCB) | 3.75% |
Largest holdings only in DSP Dynamic Term Fund
| Security | % of fund |
|---|---|
| 6.90% GOI 15042065 | 8.42% |
| State Bank Of India | 8.00% |
| Power Finance Corporation Limited | 7.92% |
| 7.17% GOI 17042030 | 6.87% |
| Torrent Pharmaceuticals Limited | 4.28% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Floating Interest Rates | DSP Dynamic Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 89.6% | 82.5% |
| Cash and others | 10.4% | 17.5% |
Axis Floating Interest Rates vs DSP Dynamic Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Floating Interest Rates Fund | DSP Dynamic Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.22% | 0.54% |
| Base expense ratio (Direct) | 0.17% | 0.45% |
| Total expense ratio (Regular) | 0.52% | 1.16% |
| Base expense ratio (Regular) | 0.43% | 0.98% |
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 Floating Interest Rates with
Axis Floating Interest Rates Fund vs DSP Dynamic Term Fund: Frequently Asked Questions
What is the difference between Axis Floating Interest Rates Fund and DSP Dynamic Term Fund?
Axis Floating Interest Rates Fund is a Floater fund, DSP Dynamic Term Fund is a Dynamic Bond fund, run by Axis Mutual Fund and DSP Mutual Fund. Their portfolios overlap 17.4%. Axis Floating Interest Rates Fund charges 0.22% a year and DSP Dynamic Term Fund 0.54%.
Which has given higher returns, Axis Floating Interest Rates Fund or DSP Dynamic Term Fund?
Over 1 year: Axis Floating Interest Rates Fund +6.06%, DSP Dynamic Term Fund +1.26%. Over 3 years: Axis Floating Interest Rates Fund +8.24% a year, DSP Dynamic Term Fund +6.03% a year. Over 5 years: Axis Floating Interest Rates Fund +7.11% a year, DSP Dynamic Term Fund +5.49% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Floating Interest Rates Fund or DSP Dynamic Term Fund?
Axis Floating Interest Rates Fund charges less: 0.22% a year against 0.54%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Floating Interest Rates Fund and DSP Dynamic Term Fund overlap?
17.4%. They hold 4 of the same securities, the largest shared ones being 6.94% Government of India (11/05/2036), 7.71% Government of India (18/05/2066), 7.43% Maharashtra State Development Loans (03/12/2040). From each fund's latest monthly portfolio.
Which is riskier, Axis Floating Interest Rates Fund or DSP Dynamic Term Fund?
On SEBI's riskometer, Axis Floating Interest Rates Fund is rated High and DSP Dynamic Term Fund Moderate. Over 3 years, the standard deviation of daily returns was 2.06% and 2.92% a year.
Which is better for SIP, Axis Floating Interest Rates Fund or DSP Dynamic Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,38,327 in Axis Floating Interest Rates Fund (XIRR 7.5% a year) and ₹6,96,196 in DSP Dynamic Term Fund (XIRR 5.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Floating Interest Rates Fund and DSP Dynamic Term Fund?
Yes. 17.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Floating Interest Rates Fund and DSP Dynamic Term Fund?
Axis Floating Interest Rates Fund: Aditya Pagaria, Hardik Shah. DSP Dynamic Term Fund: Shantanu Godambe, Sandeep Yadav, Kunal Khudania.
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.