DSP Dynamic Term Fund vs HSBC Dynamic Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Dynamic Term Fund and HSBC Dynamic Term Fund are both Dynamic Bond funds. In the 3 years to 30-10-2026, DSP Dynamic Term Fund (Direct) returned 6.0% a year and HSBC Dynamic Term Fund (Direct) returned 6.5% a year. DSP Dynamic Term Fund charges 0.54% a year and HSBC Dynamic Term Fund 0.30% (Direct plans). Their portfolios overlap 20.7%: they hold 4 of the same securities.
DSP Dynamic Term Fund
Dynamic Bond
- 3 year return
- 6.0%
- Expense ratio
- 0.54%
- NAV
- ₹3,646.31
HSBC Dynamic Term Fund
Dynamic Bond
- 3 year return
- 6.5%
- Expense ratio
- 0.30%
- NAV
- ₹33.17
Which is better, DSP Dynamic Term or HSBC 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.
- HSBC Dynamic Term returned more over 3 years: 6.5% a year against 6.0%.
- HSBC Dynamic Term returned more over 1 year: 2.5% against 1.3%.
- HSBC Dynamic Term costs less: 0.30% a year against 0.54% (Direct plans).
- HSBC Dynamic Term swung less over 3 years: a standard deviation of 2.2% a year against 2.9%.
- HSBC Dynamic Term fell less in its worst fall since 28-11-2022: −2.0% against −3.1%.
- DSP Dynamic Term is the larger fund: ₹607 Cr against ₹119 Cr.
- Their portfolios overlap 20.7%: 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 | DSP Dynamic Term Fund | HSBC Dynamic Term Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | HSBC Mutual Fund |
| Category | Dynamic Bond | Dynamic Bond |
| AUM | ₹607 Cr (30-09-2026) | ₹119 Cr (30-09-2026) |
| NAV | ₹3,646.31 (Direct) | ₹33.17 (Direct) |
| Expense ratio (Direct) | 0.54% | 0.30% |
| Expense ratio (Regular) | 1.16% | 0.83% |
| Riskometer | Moderate | Moderate |
| Benchmark | CRISIL Dynamic Bond A-III Index | NIFTY Composite Debt Index A-III |
| Launch date | 09-05-2007 | 30-08-2006 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Shantanu Godambe, Sandeep Yadav, Kunal Khudania | Mahesh Chhabria, Shriram Ramanathan |
| Exit load | Nil | Nil |
DSP Dynamic Term vs HSBC 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 |
|---|---|---|---|---|---|---|---|
| DSP Dynamic Term Fund (Direct) | −0.58% | −1.75% | +1.23% | +1.26% | +6.03% | +5.49% | +6.43% |
| HSBC Dynamic Term Fund (Direct) | −0.37% | −0.84% | +1.59% | +2.45% | +6.47% | -- | -- |
| Dynamic Bond average | −0.48% | −0.66% | +1.80% | +3.05% | +6.70% | -- | -- |
Category average: the average of the 22 Dynamic Bond funds, same plan type.
DSP Dynamic Term vs HSBC Dynamic Term: Year-wise Returns
| Year | DSPDSP Dynamic Term | HSBCHSBC Dynamic Term |
|---|---|---|
| 2026to date | +0.72% | +1.88% |
| 2025 | +4.86% | +6.20% |
| 2024 | +10.66% | +9.35% |
| 2023 | +8.62% | +7.04% |
| 2022 | +2.25% | -- |
| 2021 | +3.02% | -- |
DSP Dynamic Term vs HSBC Dynamic Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 222 of them, one for each trading day from 28-11-2025 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)
HSBC Dynamic Term Fund (Direct)
to
Dec 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP Dynamic Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.0% | 6.9% | 5.8% | 8.1% |
| HSBC Dynamic Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.0% | 7.0% | 6.3% | 7.5% |
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 28-11-2022. Past returns do not promise future returns.
DSP Dynamic Term vs HSBC 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 01-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Dynamic TermDSP Dynamic Term Fund (Direct) | ₹4,80,000 | ₹5,27,621 | ₹47,621 | 4.7% |
| HSBC Dynamic TermHSBC Dynamic Term Fund (Direct) | ₹4,80,000 | ₹5,34,219 | ₹54,219 | 5.3% |
DSP Dynamic TermDSP Dynamic Term Fund (Direct)
HSBC Dynamic TermHSBC 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.
DSP Dynamic Term vs HSBC Dynamic Term: 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) | HSBC Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.26% | +2.45% |
| Standard deviation | 3.19% | 2.22% |
| Sharpe ratio | -1.25 | -1.26 |
| Sortino ratio | -1.65 | -1.67 |
| Maximum drawdown | −2.9% (02-04-2026) | −1.8% (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 | DSP Dynamic Term Fund (Direct) | HSBC Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.03% | +6.47% |
| Standard deviation | 2.92% | 2.24% |
| Sharpe ratio | 0.00 | 0.20 |
| Sortino ratio | 0.00 | 0.28 |
| Maximum drawdown | −3.1% (02-04-2026) | −2.0% (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 | DSP Dynamic Term Fund (Direct) | HSBC Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.52% | +6.29% |
| Standard deviation | 3.37% | 2.05% |
| Sharpe ratio | 0.44 | 0.06 |
| Sortino ratio | 0.60 | 0.08 |
| Maximum drawdown | −4.5% (10-06-2019) | −2.0% (26-08-2025) |
| 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)
HSBC Dynamic Term 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% |
| HSBC Dynamic Term Fund (Direct) | −2.0% | 28-05-2025 | 26-08-2025 | 13-10-2025 | 48 days | −1.6% |
From daily values since 28-11-2022, 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)
HSBC 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.
DSP Dynamic Term Fund (Direct)
HSBC Dynamic Term Fund (Direct)
DSP Dynamic Term vs HSBC Dynamic Term: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Dynamic Term Fund, September 2026; HSBC Dynamic Term Fund, September 2026
Holdings in common
- Overlap
- 20.7%
- Held by both
- 4
- Only in DSP Dynamic Term
- 11
- Only in HSBC Dynamic Term
- 11
| Security | % of DSP Dynamic Term | % of HSBC Dynamic Term |
|---|---|---|
| 6.94% GOI 11052036 | 15.82% | 8.49% |
| 6.90% GOI 15042065 | 8.42% | 7.40% |
| 7.71% GOI 18052066 | 4.24% | 8.63% |
| SBI Funds Management Pvt Limited/Fund Parent | 0.90% | 0.54% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 20.7% means 20.7% 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 |
|---|---|
| 7.43% Maharashtra SDL 03122040 | 8.12% |
| 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 HSBC Dynamic Term Fund
| Security | % of fund |
|---|---|
| LIC Housing Finance Limited | 6.75% |
| Power Finance Corporation Limited | 6.49% |
| SIDBI | 6.04% |
| REC Limited | 5.83% |
| 6.48% GOI 06Oct2035 | 4.46% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Dynamic Term | HSBC Dynamic Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 82.5% | 70.0% |
| Cash and others | 17.5% | 30.0% |
DSP Dynamic Term vs HSBC Dynamic Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Dynamic Term Fund | HSBC Dynamic Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.54% | 0.30% |
| Base expense ratio (Direct) | 0.45% | 0.23% |
| Total expense ratio (Regular) | 1.16% | 0.83% |
| Base expense ratio (Regular) | 0.98% | 0.68% |
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
DSP Dynamic Term Fund vs HSBC Dynamic Term Fund: Frequently Asked Questions
What is the difference between DSP Dynamic Term Fund and HSBC Dynamic Term Fund?
Both are Dynamic Bond funds, run by DSP Mutual Fund and HSBC Mutual Fund. Their portfolios overlap 20.7%. DSP Dynamic Term Fund charges 0.54% a year and HSBC Dynamic Term Fund 0.30%.
Which has given higher returns, DSP Dynamic Term Fund or HSBC Dynamic Term Fund?
Over 1 year: DSP Dynamic Term Fund +1.26%, HSBC Dynamic Term Fund +2.45%. Over 3 years: DSP Dynamic Term Fund +6.03% a year, HSBC Dynamic Term Fund +6.47% 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 HSBC Dynamic Term Fund?
HSBC Dynamic Term Fund charges less: 0.30% a year against 0.54%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Dynamic Term Fund and HSBC Dynamic Term Fund overlap?
20.7%. They hold 4 of the same securities, the largest shared ones being 6.94% GOI 11052036, 6.90% GOI 15042065, 7.71% GOI 18052066. From each fund's latest monthly portfolio.
Which is riskier, DSP Dynamic Term Fund or HSBC Dynamic Term Fund?
On SEBI's riskometer, DSP Dynamic Term Fund is rated Moderate and HSBC Dynamic Term Fund Moderate. Over 3 years, the standard deviation of daily returns was 2.92% and 2.24% a year.
Which is better for SIP, DSP Dynamic Term Fund or HSBC Dynamic Term Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,91,490 in DSP Dynamic Term Fund (XIRR 3.6% a year) and ₹3,97,608 in HSBC Dynamic Term Fund (XIRR 4.6% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both DSP Dynamic Term Fund and HSBC Dynamic Term Fund?
Yes. 20.7% 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 HSBC Dynamic Term Fund?
DSP Dynamic Term Fund: Shantanu Godambe, Sandeep Yadav, Kunal Khudania. HSBC Dynamic Term Fund: Mahesh Chhabria, Shriram Ramanathan.
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.