Bajaj Finserv Gilt Fund vs Union Dynamic Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bajaj Finserv Gilt Fund is a Gilt fund and Union Dynamic Term Fund is a Dynamic Bond fund. In the year to 30-10-2026, Bajaj Finserv Gilt Fund (Direct) returned 4.2% and Union Dynamic Term Fund (Direct) returned −0.3%. Bajaj Finserv Gilt Fund charges 0.47% a year and Union Dynamic Term Fund 1.31% (Direct plans). Their portfolios overlap 18.7%: they hold 2 of the same securities.
Bajaj Finserv Gilt Fund
Gilt
- 1 year return
- 4.2%
- Expense ratio
- 0.47%
- NAV
- ₹1,077.26
Union Dynamic Term Fund
Dynamic Bond
- 1 year return
- −0.3%
- Expense ratio
- 1.31%
- NAV
- ₹24.48
Which is better, Bajaj Finserv Gilt or Union 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.
- Bajaj Finserv Gilt returned more over 1 year: 4.2% against −0.3%.
- Bajaj Finserv Gilt costs less: 0.47% a year against 1.31% (Direct plans).
- Bajaj Finserv Gilt fell less in its worst fall since 16-01-2025: −3.9% against −4.9%.
- Union Dynamic Term is the larger fund: ₹62 Cr against ₹26 Cr.
- Their portfolios overlap 18.7%: 2 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 | Bajaj Finserv Gilt Fund | Union Dynamic Term Fund |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | Union Mutual Fund |
| Category | Gilt | Dynamic Bond |
| AUM | ₹26 Cr (30-09-2026) | ₹62 Cr (30-09-2026) |
| NAV | ₹1,077.26 (Direct) | ₹24.48 (Direct) |
| Expense ratio (Direct) | 0.47% | 1.31% |
| Expense ratio (Regular) | 1.36% | 1.53% |
| Riskometer | Moderately High | Moderate |
| Benchmark | CRISIL Dynamic Gilt Index | CRISIL Dynamic Bond A-III Index. CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited (CR |
| Launch date | 15-01-2025 | 13-02-2012 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Nimesh Chandan, Siddharth Chaudhary, Sourish Chatterjee | Parijat Agrawal, Devesh Thacker |
| Exit load | Nil | NIL |
Bajaj Finserv Gilt vs Union 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 |
|---|---|---|---|---|---|---|---|
| Bajaj Finserv Gilt Fund (Direct) | +0.18% | +0.40% | +3.04% | +4.22% | -- | -- | -- |
| Union Dynamic Term Fund (Direct) | −1.14% | −1.96% | +0.48% | −0.31% | +4.74% | +3.96% | +5.07% |
| Gilt average | −0.69% | −1.34% | +1.62% | +2.12% | -- | -- | -- |
| Dynamic Bond average | −0.48% | −0.66% | +1.80% | +3.05% | +6.70% | +5.98% | +6.68% |
Category average: the average of the 28 Gilt funds and the 22 Dynamic Bond funds, same plan type.
Bajaj Finserv Gilt vs Union Dynamic Term: Year-wise Returns
| Year | Bajaj Finserv GiltBajaj Finserv Gilt | Union Dynamic TermUnion Dynamic Term |
|---|---|---|
| 2026to date | +3.87% | −0.80% |
| 2025 | -- | +4.30% |
| 2024 | -- | +8.80% |
| 2023 | -- | +6.75% |
| 2022 | -- | +0.53% |
| 2021 | -- | +2.24% |
Bajaj Finserv Gilt vs Union Dynamic Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 189 of them, one for each trading day from 16-01-2026 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.
Bajaj Finserv Gilt Fund (Direct)
Union Dynamic Term Fund (Direct)
to
Feb 2026Mar 2025
to
Mar 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Oct 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bajaj Finserv Gilt | 18.0 | 74.6 | 7.4 | 0.0 | 0.0 | 0.0 | 0.0 | 2.5% | 3.0% | −1.6% | 5.8% |
| Union Dynamic Term | 33.9 | 66.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.8% | 1.2% | −3.3% | 3.9% |
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 16-01-2025. Past returns do not promise future returns.
Bajaj Finserv Gilt vs Union 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 16-01-2025 to 30-10-2026: 22 instalments, ₹2,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bajaj Finserv GiltBajaj Finserv Gilt Fund (Direct) | ₹2,20,000 | ₹2,27,672 | ₹7,672 | 3.7% |
| Union Dynamic TermUnion Dynamic Term Fund (Direct) | ₹2,20,000 | ₹2,19,977 | −₹23 | −0.0% |
Bajaj Finserv GiltBajaj Finserv Gilt Fund (Direct)
Union Dynamic TermUnion 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.
Bajaj Finserv Gilt vs Union Dynamic Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bajaj Finserv Gilt Fund (Direct) | Union Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.22% | −0.31% |
| Standard deviation | 2.97% | 4.12% |
| Sharpe ratio | -0.35 | -1.35 |
| Sortino ratio | -0.52 | -1.79 |
| Maximum drawdown | −1.6% (02-04-2026) | −3.6% (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 | Bajaj Finserv Gilt Fund (Direct) | Union Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.22% | +6.07% |
| Standard deviation | 3.19% | 3.25% |
| Sharpe ratio | -0.40 | 0.01 |
| Sortino ratio | -0.57 | 0.01 |
| Maximum drawdown | −3.9% (26-08-2025) | −6.8% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 16-01-2025 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.
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.
Bajaj Finserv Gilt Fund (Direct)
Union Dynamic Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bajaj Finserv Gilt Fund (Direct) | −3.9% | 28-05-2025 | 26-08-2025 | 18-06-2026 | 10 months | −0.6% |
| Union Dynamic Term Fund (Direct) | −4.9% | 28-05-2025 | 02-04-2026 | 25-06-2026 | 3 months | −3.3% |
From daily values since 16-01-2025, 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.
Bajaj Finserv Gilt Fund (Direct)
Union Dynamic Term Fund (Direct)
Bajaj Finserv Gilt vs Union Dynamic Term: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv Gilt Fund, September 2026; Union Dynamic Term Fund, September 2026
Holdings in common
- Overlap
- 18.7%
- Held by both
- 2
- Only in Bajaj Finserv Gilt
- 4
- Only in Union Dynamic Term
- 5
| Security | % of Bajaj Finserv Gilt | % of Union Dynamic Term |
|---|---|---|
| 7.24% Government of India (18/08/2055) | 18.58% | 22.96% |
| 91 Days Tbill (MD 01/10/2026) | 9.79% | 0.10% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.7% means 18.7% 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 Bajaj Finserv Gilt Fund
| Security | % of fund |
|---|---|
| 91 Days Tbill (MD 22/10/2026) | 19.52% |
| 91 Days Tbill (MD 27/11/2026) | 19.42% |
| 182 Days Tbill (MD 31/12/2026) | 19.32% |
| 6.33% Government of India (05/05/2035) | 0.33% |
Largest holdings only in Union Dynamic Term Fund
| Security | % of fund |
|---|---|
| GOI 6.90% 2065 | 43.41% |
| Indian Railway Finance Corporation Ltd. | 8.18% |
| National Bank for Agriculture and Rural Development | 8.03% |
| REC Ltd. | 8.00% |
| Corporate Debt Mkt Devp. Fund-A2 | 0.54% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv Gilt | Union Dynamic Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 87.0% | 90.7% |
| Cash and others | 13.0% | 9.3% |
Bajaj Finserv Gilt vs Union Dynamic Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv Gilt Fund | Union Dynamic Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.47% | 1.31% |
| Base expense ratio (Direct) | 0.33% | 1.11% |
| Total expense ratio (Regular) | 1.36% | 1.53% |
| Base expense ratio (Regular) | 1.09% | 1.31% |
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 Bajaj Finserv Gilt with
Bajaj Finserv Gilt Fund vs Union Dynamic Term Fund: Frequently Asked Questions
What is the difference between Bajaj Finserv Gilt Fund and Union Dynamic Term Fund?
Bajaj Finserv Gilt Fund is a Gilt fund, Union Dynamic Term Fund is a Dynamic Bond fund, run by Bajaj Finserv Mutual Fund and Union Mutual Fund. Their portfolios overlap 18.7%. Bajaj Finserv Gilt Fund charges 0.47% a year and Union Dynamic Term Fund 1.31%.
Which has given higher returns, Bajaj Finserv Gilt Fund or Union Dynamic Term Fund?
Over 1 year: Bajaj Finserv Gilt Fund +4.22%, Union Dynamic Term Fund −0.31%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bajaj Finserv Gilt Fund or Union Dynamic Term Fund?
Bajaj Finserv Gilt Fund charges less: 0.47% a year against 1.31%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bajaj Finserv Gilt Fund and Union Dynamic Term Fund overlap?
18.7%. They hold 2 of the same securities, the largest shared ones being 7.24% Government of India (18/08/2055), 91 Days Tbill (MD 01/10/2026). From each fund's latest monthly portfolio.
Which is riskier, Bajaj Finserv Gilt Fund or Union Dynamic Term Fund?
On SEBI's riskometer, Bajaj Finserv Gilt Fund is rated Moderately High and Union Dynamic Term Fund Moderate. Over 1 years, the standard deviation of daily returns was 2.97% and 4.12% a year.
Can I invest in both Bajaj Finserv Gilt Fund and Union Dynamic Term Fund?
Yes. 18.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bajaj Finserv Gilt Fund and Union Dynamic Term Fund?
Bajaj Finserv Gilt Fund: Nimesh Chandan, Siddharth Chaudhary, Sourish Chatterjee. Union Dynamic Term Fund: Parijat Agrawal, Devesh Thacker.
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.