DSP Dynamic Term Fund vs DSP Floating Interest Rates Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Dynamic Term Fund is a Dynamic Bond fund and DSP Floating Interest Rates Fund is a Floater fund. In the 3 years to 30-10-2026, DSP Dynamic Term Fund (Direct) returned 6.0% a year and DSP Floating Interest Rates Fund (Direct) returned 7.5% a year. DSP Dynamic Term Fund charges 0.54% a year and DSP Floating Interest Rates Fund 0.27% (Direct plans). Their portfolios overlap 16.7%: they hold 3 of the same securities.
DSP Dynamic Term Fund
Dynamic Bond
- 3 year return
- 6.0%
- Expense ratio
- 0.54%
- NAV
- ₹3,646.31
DSP Floating Interest Rates Fund
Floater
- 3 year return
- 7.5%
- Expense ratio
- 0.27%
- NAV
- ₹14.25
Which is better, DSP Dynamic Term or DSP Floating Interest Rates? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP Floating Interest Rates returned more over 5 years: 6.4% a year against 5.5%.
- DSP Floating Interest Rates returned more over 3 years: 7.5% a year against 6.0%.
- DSP Floating Interest Rates costs less: 0.27% a year against 0.54% (Direct plans).
- DSP Floating Interest Rates swung less over 3 years: a standard deviation of 1.1% a year against 2.9%.
- DSP Floating Interest Rates fell less in its worst fall since 22-03-2021: −0.7% against −3.1%.
- DSP Dynamic Term is the larger fund: ₹607 Cr against ₹316 Cr.
- Their portfolios overlap 16.7%: 3 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 | DSP Dynamic Term Fund | DSP Floating Interest Rates Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | DSP Mutual Fund |
| Category | Dynamic Bond | Floater |
| AUM | ₹607 Cr (30-09-2026) | ₹316 Cr (30-09-2026) |
| NAV | ₹3,646.31 (Direct) | ₹14.25 (Direct) |
| Expense ratio (Direct) | 0.54% | 0.27% |
| Expense ratio (Regular) | 1.16% | 0.56% |
| Riskometer | Moderate | Low to Moderate |
| Benchmark | CRISIL Dynamic Bond A-III Index | CRISIL Short Duration Debt A-II Index |
| Launch date | 09-05-2007 | 19-03-2021 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Shantanu Godambe, Sandeep Yadav, Kunal Khudania | Shantanu Godambe, Karan Mundhra |
| Exit load | Nil | Nil |
DSP Dynamic Term vs DSP Floating Interest Rates: 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 |
|---|---|---|---|---|---|---|---|
| DSP Dynamic Term Fund (Direct) | −0.58% | −1.75% | +1.23% | +1.26% | +6.03% | +5.49% | +6.43% |
| DSP Floating Interest Rates Fund (Direct) | −0.41% | −0.05% | +2.46% | +4.41% | +7.45% | +6.42% | -- |
| Dynamic Bond average | −0.48% | −0.66% | +1.80% | +3.05% | +6.70% | +5.98% | +6.68% |
| Floater average | −0.01% | +0.56% | +2.76% | +5.43% | +7.47% | +6.73% | -- |
Category average: the average of the 22 Dynamic Bond funds and the 12 Floater funds, same plan type.
DSP Dynamic Term vs DSP Floating Interest Rates: Year-wise Returns
| Year | Dynamic TermDSP Dynamic Term | Floating Interest RatesDSP Floating Interest Rates |
|---|---|---|
| 2026to date | +0.72% | +3.54% |
| 2025 | +4.86% | +7.81% |
| 2024 | +10.66% | +9.37% |
| 2023 | +8.62% | +8.17% |
| 2022 | +2.25% | +3.32% |
| 2021 | +3.02% | -- |
DSP Dynamic Term vs DSP Floating Interest Rates: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 630 of them, one for each trading day from 22-03-2024 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.
DSP Dynamic Term Fund (Direct)
DSP Floating Interest Rates Fund (Direct)
to
Jun 2024Nov 2021
to
Nov 2024Apr 2022
to
Apr 2025Oct 2022
to
Oct 2025Mar 2023
to
Mar 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP Dynamic Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.3% | 7.1% | 5.6% | 9.3% |
| DSP Floating Interest Rates | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.6% | 7.9% | 5.8% | 8.7% |
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 22-03-2021. Past returns do not promise future returns.
DSP Dynamic Term vs DSP Floating Interest Rates: 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 01-03-2021 to 30-10-2026: 68 instalments, ₹6,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Dynamic TermDSP Dynamic Term Fund (Direct) | ₹6,80,000 | ₹7,89,837 | ₹1,09,837 | 5.2% |
| DSP Floating Interest RatesDSP Floating Interest Rates Fund (Direct) | ₹6,80,000 | ₹8,24,832 | ₹1,44,832 | 6.8% |
DSP Dynamic TermDSP Dynamic Term Fund (Direct)
DSP Floating Interest RatesDSP Floating Interest Rates 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.
DSP Dynamic Term vs DSP Floating Interest Rates: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Dynamic Term Fund (Direct) | DSP Floating Interest Rates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.26% | +4.41% |
| Standard deviation | 3.19% | 1.38% |
| Sharpe ratio | -1.25 | -0.61 |
| Sortino ratio | -1.65 | -0.84 |
| Maximum drawdown | −2.9% (02-04-2026) | −0.7% (27-10-2026) |
| 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 | DSP Dynamic Term Fund (Direct) | DSP Floating Interest Rates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.03% | +7.45% |
| Standard deviation | 2.92% | 1.11% |
| Sharpe ratio | 0.00 | 1.29 |
| Sortino ratio | 0.00 | 1.94 |
| Maximum drawdown | −3.1% (02-04-2026) | −0.7% (27-10-2026) |
| 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 | DSP Dynamic Term Fund (Direct) | DSP Floating Interest Rates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.49% | +6.42% |
| Standard deviation | 2.45% | 1.04% |
| Sharpe ratio | -0.13 | 0.59 |
| Sortino ratio | -0.17 | 0.86 |
| Maximum drawdown | −3.1% (02-04-2026) | −0.7% (27-10-2026) |
| 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 | DSP Dynamic Term Fund (Direct) | DSP Floating Interest Rates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.52% | +6.46% |
| Standard deviation | 3.37% | 1.04% |
| Sharpe ratio | 0.44 | 0.90 |
| Sortino ratio | 0.60 | 1.32 |
| Maximum drawdown | −4.5% (10-06-2019) | −0.7% (27-10-2026) |
| 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.
DSP Dynamic Term Fund (Direct)
DSP Floating Interest Rates Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Dynamic Term Fund (Direct) | −3.1% | 28-05-2025 | 02-04-2026 | 17-06-2026 | 2 months | −2.5% |
| DSP Floating Interest Rates Fund (Direct) | −0.7% | 14-08-2026 | 27-10-2026 | Not yet | -- | −0.6% |
From daily values since 22-03-2021, 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.
DSP Dynamic Term Fund (Direct)
DSP Floating Interest Rates 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.
DSP Dynamic Term Fund (Direct)
DSP Floating Interest Rates 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.
DSP Dynamic Term Fund (Direct)
DSP Floating Interest Rates Fund (Direct)
DSP Dynamic Term vs DSP Floating Interest Rates: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Dynamic Term Fund, September 2026; DSP Floating Interest Rates Fund, September 2026
Holdings in common
- Overlap
- 16.7%
- Held by both
- 3
- Only in DSP Dynamic Term
- 12
- Only in DSP Floating Interest Rates
- 10
| Security | % of DSP Dynamic Term | % of DSP Floating Interest Rates |
|---|---|---|
| 6.94% GOI 11052036 | 15.82% | 7.99% |
| 7.43% Maharashtra SDL 03122040 | 8.12% | 7.79% |
| SBI Funds Management Pvt Limited/Fund Parent | 0.90% | 1.13% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.7% means 16.7% 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 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% |
Largest holdings only in DSP Floating Interest Rates Fund
| Security | % of fund |
|---|---|
| 6.87% GOI FRB 22092033 | 21.47% |
| 7.64% Telangana SDL 01072044 | 7.85% |
| Export-Import Bank Of India | 7.81% |
| Mindspace Business Parks REIT | 7.77% |
| HDFC Bank Limited | 7.70% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Dynamic Term | DSP Floating Interest Rates |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 82.5% | 87.2% |
| Cash and others | 17.5% | 12.8% |
DSP Dynamic Term vs DSP Floating Interest Rates: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Dynamic Term Fund | DSP Floating Interest Rates Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.54% | 0.27% |
| Base expense ratio (Direct) | 0.45% | 0.21% |
| Total expense ratio (Regular) | 1.16% | 0.56% |
| Base expense ratio (Regular) | 0.98% | 0.45% |
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 DSP Dynamic Term with
Compare DSP Floating Interest Rates with
- DSP Floating Interest Rates vs Axis Floating Interest Rates
- DSP Floating Interest Rates vs Franklin India Floating Interest Rates
- DSP Floating Interest Rates vs Bandhan Floating Interest Rates
- DSP Floating Interest Rates vs ICICI Prudential Floating Interest Rates
- DSP Floating Interest Rates vs Kotak Floating Interest Rates
DSP Dynamic Term Fund vs DSP Floating Interest Rates Fund: Frequently Asked Questions
What is the difference between DSP Dynamic Term Fund and DSP Floating Interest Rates Fund?
DSP Dynamic Term Fund is a Dynamic Bond fund, DSP Floating Interest Rates Fund is a Floater fund, run by DSP Mutual Fund. Their portfolios overlap 16.7%. DSP Dynamic Term Fund charges 0.54% a year and DSP Floating Interest Rates Fund 0.27%.
Which has given higher returns, DSP Dynamic Term Fund or DSP Floating Interest Rates Fund?
Over 1 year: DSP Dynamic Term Fund +1.26%, DSP Floating Interest Rates Fund +4.41%. Over 3 years: DSP Dynamic Term Fund +6.03% a year, DSP Floating Interest Rates Fund +7.45% a year. Over 5 years: DSP Dynamic Term Fund +5.49% a year, DSP Floating Interest Rates Fund +6.42% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Dynamic Term Fund or DSP Floating Interest Rates Fund?
DSP Floating Interest Rates Fund charges less: 0.27% a year against 0.54%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Dynamic Term Fund and DSP Floating Interest Rates Fund overlap?
16.7%. They hold 3 of the same securities, the largest shared ones being 6.94% GOI 11052036, 7.43% Maharashtra SDL 03122040, SBI Funds Management Pvt Limited/Fund Parent. From each fund's latest monthly portfolio.
Which is riskier, DSP Dynamic Term Fund or DSP Floating Interest Rates Fund?
On SEBI's riskometer, DSP Dynamic Term Fund is rated Moderate and DSP Floating Interest Rates Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 2.92% and 1.11% a year.
Which is better for SIP, DSP Dynamic Term Fund or DSP Floating Interest Rates Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,96,196 in DSP Dynamic Term Fund (XIRR 5.2% a year) and ₹7,26,775 in DSP Floating Interest Rates Fund (XIRR 6.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP Dynamic Term Fund and DSP Floating Interest Rates Fund?
Yes. 16.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages DSP Dynamic Term Fund and DSP Floating Interest Rates Fund?
DSP Dynamic Term Fund: Shantanu Godambe, Sandeep Yadav, Kunal Khudania. DSP Floating Interest Rates Fund: Shantanu Godambe, Karan Mundhra.
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.