DSP Short Term Fund vs Invesco India Corporate Bond Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Short Term Fund is a Short Duration fund and Invesco India Corporate Bond Fund is a Corporate Bond fund. In the 3 years to 30-10-2026, DSP Short Term Fund (Direct) returned 7.0% a year and Invesco India Corporate Bond Fund (Direct) returned 6.8% a year. DSP Short Term Fund charges 0.37% a year and Invesco India Corporate Bond Fund 0.29% (Direct plans). Their portfolios overlap 14.9%: they hold 11 of the same securities.
DSP Short Term Fund
Short Duration
- 3 year return
- 7.0%
- Expense ratio
- 0.37%
- NAV
- ₹53.88
Invesco India Corporate Bond Fund
Corporate Bond
- 3 year return
- 6.8%
- Expense ratio
- 0.29%
- NAV
- ₹3,598.84
Which is better, DSP Short Term or Invesco India Corporate Bond? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP Short Term returned more over 5 years: 6.2% a year against 6.0%.
- DSP Short Term returned more over 3 years: 7.0% a year against 6.8%.
- Invesco India Corporate Bond costs less: 0.29% a year against 0.37% (Direct plans).
- DSP Short Term swung less over 3 years: a standard deviation of 1.0% a year against 1.2%.
- DSP Short Term fell less in its worst fall since 02-01-2013: −2.8% against −4.7%.
- Invesco India Corporate Bond is the larger fund: ₹3,478 Cr against ₹3,416 Cr.
- Their portfolios overlap 14.9%: 11 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 Short Term Fund | Invesco India Corporate Bond Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Invesco Mutual Fund |
| Category | Short Duration | Corporate Bond |
| AUM | ₹3,416 Cr (30-09-2026) | ₹3,478 Cr (30-09-2026) |
| NAV | ₹53.88 (Direct) | ₹3,598.84 (Direct) |
| Expense ratio (Direct) | 0.37% | 0.29% |
| Expense ratio (Regular) | 0.96% | 0.69% |
| Riskometer | Moderate | Moderate |
| Benchmark | CRISIL Short Duration Debt A-II Index | NIFTY Corporate Bond Index A-II |
| Launch date | 09-09-2002 | 02-08-2007 |
| Minimum investment | ₹100 | Not available |
| Lock in | None | None |
| Fund managers | Karan Mundhra, Shantanu Godambe | Krishna Cheemalapati, Vikas Garg |
| Exit load | Nil | Nil |
DSP Short Term vs Invesco India Corporate Bond: 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 Short Term Fund (Direct) | −0.18% | +0.06% | +2.41% | +4.10% | +7.00% | +6.19% | +6.82% |
| Invesco India Corporate Bond Fund (Direct) | −0.47% | −0.54% | +2.00% | +3.30% | +6.83% | +5.99% | +6.41% |
| Short Duration average | −0.14% | +0.30% | +2.50% | +4.11% | +6.88% | +6.62% | +6.89% |
| Corporate Bond average | −0.24% | +0.05% | +2.31% | +4.00% | +7.02% | +6.20% | +6.98% |
Category average: the average of the 25 Short Duration funds and the 21 Corporate Bond funds, same plan type.
DSP Short Term vs Invesco India Corporate Bond: Year-wise Returns
| Year | DSP Short TermDSP Short Term | Invesco India Corporate BondInvesco India Corporate Bond |
|---|---|---|
| 2026to date | +3.34% | +2.58% |
| 2025 | +7.88% | +8.02% |
| 2024 | +8.29% | +8.49% |
| 2023 | +7.31% | +7.09% |
| 2022 | +3.64% | +3.25% |
| 2021 | +3.47% | +3.78% |
DSP Short Term vs Invesco India Corporate Bond: 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 Short Term Fund (Direct)
Invesco India Corporate Bond 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 Short Term | 0.0 | 4.4 | 90.6 | 5.0 | 0.0 | 0.0 | 0.0 | 7.6% | 7.7% | 4.6% | 10.6% |
| Invesco India Corporate Bond | 0.0 | 5.5 | 86.9 | 7.7 | 0.0 | 0.0 | 0.0 | 7.4% | 7.3% | 4.5% | 12.1% |
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 Short Term vs Invesco India Corporate Bond: 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 Short TermDSP Short Term Fund (Direct) | ₹16,60,000 | ₹27,57,815 | ₹10,97,815 | 7.0% |
| Invesco India Corporate BondInvesco India Corporate Bond Fund (Direct) | ₹16,60,000 | ₹27,16,166 | ₹10,56,166 | 6.8% |
DSP Short TermDSP Short Term Fund (Direct)
Invesco India Corporate BondInvesco India Corporate Bond 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 Short Term vs Invesco India Corporate Bond: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Short Term Fund (Direct) | Invesco India Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.10% | +3.30% |
| Standard deviation | 1.30% | 1.50% |
| Sharpe ratio | -0.88 | -1.30 |
| Sortino ratio | -1.23 | -1.73 |
| Maximum drawdown | −0.7% (02-04-2026) | −1.2% (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 Short Term Fund (Direct) | Invesco India Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.00% | +6.83% |
| Standard deviation | 1.00% | 1.20% |
| Sharpe ratio | 0.98 | 0.67 |
| Sortino ratio | 1.46 | 0.97 |
| Maximum drawdown | −0.7% (02-04-2026) | −1.2% (23-10-2026) |
| 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 Short Term Fund (Direct) | Invesco India Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.19% | +5.99% |
| Standard deviation | 0.95% | 1.12% |
| Sharpe ratio | 0.41 | 0.17 |
| Sortino ratio | 0.58 | 0.23 |
| Maximum drawdown | −0.9% (06-05-2022) | −1.3% (09-05-2022) |
| 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 Short Term Fund (Direct) | Invesco India Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.60% | +7.19% |
| Standard deviation | 1.33% | 2.39% |
| Sharpe ratio | 1.17 | 0.48 |
| Sortino ratio | 1.70 | 0.69 |
| Maximum drawdown | −2.8% (23-03-2020) | −4.7% (10-03-2017) |
| 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 Short Term Fund (Direct)
Invesco India Corporate Bond Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Short Term Fund (Direct) | −2.8% | 06-03-2020 | 23-03-2020 | 17-04-2020 | 25 days | −0.4% |
| Invesco India Corporate Bond Fund (Direct) | −4.7% | 24-11-2016 | 10-03-2017 | 19-06-2017 | 3 months | −1.0% |
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 Short Term Fund (Direct)
Invesco India Corporate Bond 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 Short Term Fund (Direct)
Invesco India Corporate Bond 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 Short Term Fund (Direct)
Invesco India Corporate Bond Fund (Direct)
DSP Short Term vs Invesco India Corporate Bond: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Short Term Fund, September 2026; Invesco India Corporate Bond Fund, September 2026
Holdings in common
- Overlap
- 14.9%
- Held by both
- 11
- Only in DSP Short Term
- 52
- Only in Invesco India Corporate Bond
- 75
| Security | % of DSP Short Term | % of Invesco India Corporate Bond |
|---|---|---|
| 6.94% GOI 11052036 | 13.31% | 7.21% |
| Tata Capital Housing Finance Limited | 2.20% | 1.58% |
| REC Limited | 2.18% | 1.39% |
| India Universal Trust | 3.81% | 1.25% |
| Bajaj Finance Limited | 0.72% | 1.39% |
| Small Industries Development Bank Of India | 0.74% | 0.71% |
| LIC Housing Finance Limited | 1.17% | 0.70% |
| REC Limited | 0.73% | 0.70% |
| SBI Funds Management Pvt Limited/Fund Parent | 0.33% | 0.60% |
| REC Limited | 0.76% | 0.14% |
| 7.02% GOI 18062031 | 1.50% | 0.13% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.9% means 14.9% 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 Short Term Fund
| Security | % of fund |
|---|---|
| 6.87% GOI FRB 22092033 | 4.59% |
| Bharti Telecom Limited | 4.04% |
| Small Industries Development Bank Of India | 2.93% |
| Knowledge Realty Trust | 2.90% |
| Canara Bank | 2.88% |
Largest holdings only in Invesco India Corporate Bond Fund
| Security | % of fund |
|---|---|
| 7.96% Pipeline Infrastructure Private Limited 2029 | 5.35% |
| 6.79% Government of India 2034 | 3.68% |
| 6.85% National Bank For Agriculture and Rural Development 2029 | 3.52% |
| 8.7% LIC Housing Finance Limited 2029 | 2.92% |
| 7.89% REC Limited 2030 | 2.88% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Short Term | Invesco India Corporate Bond |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 99.3% | 93.9% |
| Cash and others | 0.7% | 6.1% |
DSP Short Term vs Invesco India Corporate Bond: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Short Term Fund | Invesco India Corporate Bond Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.37% | 0.29% |
| Base expense ratio (Direct) | 0.30% | 0.24% |
| Total expense ratio (Regular) | 0.96% | 0.69% |
| Base expense ratio (Regular) | 0.80% | 0.58% |
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 Short Term with
Compare Invesco India Corporate Bond with
DSP Short Term Fund vs Invesco India Corporate Bond Fund: Frequently Asked Questions
What is the difference between DSP Short Term Fund and Invesco India Corporate Bond Fund?
DSP Short Term Fund is a Short Duration fund, Invesco India Corporate Bond Fund is a Corporate Bond fund, run by DSP Mutual Fund and Invesco Mutual Fund. Their portfolios overlap 14.9%. DSP Short Term Fund charges 0.37% a year and Invesco India Corporate Bond Fund 0.29%.
Which has given higher returns, DSP Short Term Fund or Invesco India Corporate Bond Fund?
Over 1 year: DSP Short Term Fund +4.10%, Invesco India Corporate Bond Fund +3.30%. Over 3 years: DSP Short Term Fund +7.00% a year, Invesco India Corporate Bond Fund +6.83% a year. Over 5 years: DSP Short Term Fund +6.19% a year, Invesco India Corporate Bond Fund +5.99% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Short Term Fund or Invesco India Corporate Bond Fund?
Invesco India Corporate Bond Fund charges less: 0.29% a year against 0.37%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Short Term Fund and Invesco India Corporate Bond Fund overlap?
14.9%. They hold 11 of the same securities, the largest shared ones being 6.94% GOI 11052036, Tata Capital Housing Finance Limited, REC Limited. From each fund's latest monthly portfolio.
Which is riskier, DSP Short Term Fund or Invesco India Corporate Bond Fund?
On SEBI's riskometer, DSP Short Term Fund is rated Moderate and Invesco India Corporate Bond Fund Moderate. Over 3 years, the standard deviation of daily returns was 1.00% and 1.20% a year.
Which is better for SIP, DSP Short Term Fund or Invesco India Corporate Bond Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,19,654 in DSP Short Term Fund (XIRR 6.5% a year) and ₹7,15,038 in Invesco India Corporate Bond Fund (XIRR 6.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP Short Term Fund and Invesco India Corporate Bond Fund?
Yes. 14.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages DSP Short Term Fund and Invesco India Corporate Bond Fund?
DSP Short Term Fund: Karan Mundhra, Shantanu Godambe. Invesco India Corporate Bond Fund: Krishna Cheemalapati, Vikas Garg.
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.