DSP Dynamic Term Fund vs SBI Dynamic Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Dynamic Term Fund and SBI 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 SBI Dynamic Term Fund (Direct) returned 7.4% a year. DSP Dynamic Term Fund charges 0.54% a year and SBI Dynamic Term Fund 0.64% (Direct plans). Their portfolios overlap 16.2%: they hold 2 of the same securities.
DSP Dynamic Term Fund
Dynamic Bond
- 3 year return
- 6.0%
- Expense ratio
- 0.54%
- NAV
- ₹3,646.31
SBI Dynamic Term Fund
Dynamic Bond
- 3 year return
- 7.4%
- Expense ratio
- 0.64%
- NAV
- ₹41.53
Which is better, DSP Dynamic Term or SBI 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.
- SBI Dynamic Term returned more over 5 years: 6.8% a year against 5.5%.
- SBI Dynamic Term returned more over 3 years: 7.4% a year against 6.0%.
- DSP Dynamic Term costs less: 0.54% a year against 0.64% (Direct plans).
- SBI Dynamic Term swung less over 3 years: a standard deviation of 1.9% a year against 2.9%.
- DSP Dynamic Term fell less in its worst fall since 02-01-2013: −4.5% against −8.9%.
- SBI Dynamic Term is the larger fund: ₹3,502 Cr against ₹607 Cr.
- Their portfolios overlap 16.2%: 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 | DSP Dynamic Term Fund | SBI Dynamic Term Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | SBI Mutual Fund |
| Category | Dynamic Bond | Dynamic Bond |
| AUM | ₹607 Cr (30-09-2026) | ₹3,502 Cr (30-09-2026) |
| NAV | ₹3,646.31 (Direct) | ₹41.53 (Direct) |
| Expense ratio (Direct) | 0.54% | 0.64% |
| Expense ratio (Regular) | 1.16% | 1.37% |
| Riskometer | Moderate | Not available |
| Benchmark | CRISIL Dynamic Bond A-III Index | Not available |
| Launch date | 09-05-2007 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Shantanu Godambe, Sandeep Yadav, Kunal Khudania | Not available |
| Exit load | Nil | Not available |
DSP Dynamic Term vs SBI 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% |
| SBI Dynamic Term Fund (Direct) | +0.08% | +0.34% | +2.58% | +5.03% | +7.43% | +6.79% | +7.44% |
| Dynamic Bond average | −0.48% | −0.66% | +1.80% | +3.05% | +6.70% | +5.98% | +6.68% |
Category average: the average of the 22 Dynamic Bond funds, same plan type.
DSP Dynamic Term vs SBI Dynamic Term: Year-wise Returns
| Year | DSPDSP Dynamic Term | SBISBI Dynamic Term |
|---|---|---|
| 2026to date | +0.72% | +4.54% |
| 2025 | +4.86% | +6.29% |
| 2024 | +10.66% | +9.55% |
| 2023 | +8.62% | +7.96% |
| 2022 | +2.25% | +4.99% |
| 2021 | +3.02% | +2.74% |
DSP Dynamic Term vs SBI Dynamic Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,627 of them, one for each trading day from 04-01-2016 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)
SBI Dynamic Term Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 | 5.7 | 77.0 | 17.3 | 0.0 | 0.0 | 0.0 | 7.9% | 7.6% | 4.2% | 13.2% |
| SBI Dynamic Term | 0.0 | 1.1 | 81.8 | 17.0 | 0.0 | 0.0 | 0.0 | 8.3% | 8.3% | 4.7% | 12.9% |
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 02-01-2013. Past returns do not promise future returns.
DSP Dynamic Term vs SBI 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Dynamic TermDSP Dynamic Term Fund (Direct) | ₹16,60,000 | ₹27,08,261 | ₹10,48,261 | 6.8% |
| SBI Dynamic TermSBI Dynamic Term Fund (Direct) | ₹16,60,000 | ₹28,88,964 | ₹12,28,964 | 7.6% |
DSP Dynamic TermDSP Dynamic Term Fund (Direct)
SBI Dynamic TermSBI 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 SBI 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) | SBI Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.26% | +5.03% |
| Standard deviation | 3.19% | 1.43% |
| Sharpe ratio | -1.25 | -0.15 |
| Sortino ratio | -1.65 | -0.22 |
| Maximum drawdown | −2.9% (02-04-2026) | −0.8% (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 | DSP Dynamic Term Fund (Direct) | SBI Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.03% | +7.43% |
| Standard deviation | 2.92% | 1.94% |
| Sharpe ratio | 0.00 | 0.72 |
| Sortino ratio | 0.00 | 1.05 |
| Maximum drawdown | −3.1% (02-04-2026) | −1.6% (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) | SBI Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.49% | +6.79% |
| Standard deviation | 2.45% | 1.88% |
| Sharpe ratio | -0.13 | 0.53 |
| Sortino ratio | -0.17 | 0.78 |
| Maximum drawdown | −3.1% (02-04-2026) | −1.6% (26-08-2025) |
| 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) | SBI Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.52% | +7.98% |
| Standard deviation | 3.37% | 3.26% |
| Sharpe ratio | 0.44 | 0.59 |
| Sortino ratio | 0.60 | 0.86 |
| Maximum drawdown | −4.5% (10-06-2019) | −8.9% (19-08-2013) |
| 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)
SBI 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) | −4.5% | 03-06-2019 | 10-06-2019 | 04-07-2019 | 24 days | −2.5% |
| SBI Dynamic Term Fund (Direct) | −8.9% | 27-05-2013 | 19-08-2013 | 04-06-2014 | 9 months | −0.1% |
From daily values since 02-01-2013, 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)
SBI 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)
SBI 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.
DSP Dynamic Term Fund (Direct)
SBI Dynamic Term Fund (Direct)
DSP Dynamic Term vs SBI Dynamic Term: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Dynamic Term Fund, September 2026; SBI Dynamic Term Fund, September 2026
Holdings in common
- Overlap
- 16.2%
- Held by both
- 2
- Only in DSP Dynamic Term
- 13
- Only in SBI Dynamic Term
- 17
| Security | % of DSP Dynamic Term | % of SBI Dynamic Term |
|---|---|---|
| 6.94% GOI 11052036 | 15.82% | 19.66% |
| SBI Funds Management Pvt Limited/Fund Parent | 0.90% | 0.37% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.2% means 16.2% 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% |
| 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% |
Largest holdings only in SBI Dynamic Term Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 9.80% |
| 7.28% State Government of Andhra Pradesh 2032 | 7.02% |
| National Bank for Agriculture and Rural Development | 6.30% |
| Bajaj Finance Ltd. | 5.70% |
| Union Bank of India | 5.60% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Dynamic Term | SBI Dynamic Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 82.5% | 82.7% |
| Cash and others | 17.5% | 17.3% |
DSP Dynamic Term vs SBI Dynamic Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Dynamic Term Fund | SBI Dynamic Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.54% | 0.64% |
| Base expense ratio (Direct) | 0.45% | 0.53% |
| Total expense ratio (Regular) | 1.16% | 1.37% |
| Base expense ratio (Regular) | 0.98% | 1.15% |
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 SBI Dynamic Term Fund: Frequently Asked Questions
What is the difference between DSP Dynamic Term Fund and SBI Dynamic Term Fund?
Both are Dynamic Bond funds, run by DSP Mutual Fund and SBI Mutual Fund. Their portfolios overlap 16.2%. DSP Dynamic Term Fund charges 0.54% a year and SBI Dynamic Term Fund 0.64%.
Which has given higher returns, DSP Dynamic Term Fund or SBI Dynamic Term Fund?
Over 1 year: DSP Dynamic Term Fund +1.26%, SBI Dynamic Term Fund +5.03%. Over 3 years: DSP Dynamic Term Fund +6.03% a year, SBI Dynamic Term Fund +7.43% a year. Over 5 years: DSP Dynamic Term Fund +5.49% a year, SBI Dynamic Term Fund +6.79% 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 SBI Dynamic Term Fund?
DSP Dynamic Term Fund charges less: 0.54% a year against 0.64%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Dynamic Term Fund and SBI Dynamic Term Fund overlap?
16.2%. They hold 2 of the same securities, the largest shared ones being 6.94% GOI 11052036, SBI Funds Management Pvt Limited/Fund Parent. From each fund's latest monthly portfolio.
Which is better for SIP, DSP Dynamic Term Fund or SBI Dynamic Term 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 ₹7,27,046 in SBI Dynamic Term Fund (XIRR 6.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP Dynamic Term Fund and SBI Dynamic Term Fund?
Yes. 16.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.