Edelweiss Gilt Fund vs Union Dynamic Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Gilt Fund is a Gilt fund and Union Dynamic Term Fund is a Dynamic Bond fund. In the 3 years to 30-10-2026, Edelweiss Gilt Fund (Direct) returned 5.8% a year and Union Dynamic Term Fund (Direct) returned 4.7% a year. Edelweiss Gilt Fund charges 0.51% a year and Union Dynamic Term Fund 1.31% (Direct plans). Their portfolios overlap 30.6%: they hold 3 of the same securities.
Union Dynamic Term Fund
Dynamic Bond
- 3 year return
- 4.7%
- Expense ratio
- 1.31%
- NAV
- ₹24.48
Which is better, Edelweiss 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.
- Edelweiss Gilt returned more over 5 years: 5.1% a year against 4.0%.
- Edelweiss Gilt returned more over 3 years: 5.8% a year against 4.7%.
- Edelweiss Gilt costs less: 0.51% a year against 1.31% (Direct plans).
- Edelweiss Gilt swung less over 3 years: a standard deviation of 3.1% a year against 3.3%.
- Edelweiss Gilt fell less in its worst fall since 28-11-2016: −3.3% against −4.9%.
- Edelweiss Gilt is the larger fund: ₹119 Cr against ₹62 Cr.
- Their portfolios overlap 30.6%: 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 | Edelweiss Gilt Fund | Union Dynamic Term Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | Union Mutual Fund |
| Category | Gilt | Dynamic Bond |
| AUM | ₹119 Cr (30-09-2026) | ₹62 Cr (30-09-2026) |
| NAV | ₹26.29 (Direct) | ₹24.48 (Direct) |
| Expense ratio (Direct) | 0.51% | 1.31% |
| Expense ratio (Regular) | 1.15% | 1.53% |
| Riskometer | Moderate | 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 | 13-02-2014 | 13-02-2012 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Dhawal Dalal, Kedar Karnik | Parijat Agrawal, Devesh Thacker |
| Exit load | NIL | NIL |
Edelweiss 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 |
|---|---|---|---|---|---|---|---|
| Edelweiss Gilt Fund (Direct) | −0.56% | −1.93% | +1.10% | +0.91% | +5.81% | +5.12% | -- |
| 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% | +6.19% | +5.46% | -- |
| 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.
Edelweiss Gilt vs Union Dynamic Term: Year-wise Returns
| Year | Edelweiss GiltEdelweiss Gilt | Union Dynamic TermUnion Dynamic Term |
|---|---|---|
| 2026to date | +0.21% | −0.80% |
| 2025 | +4.43% | +4.30% |
| 2024 | +10.50% | +8.80% |
| 2023 | +6.94% | +6.75% |
| 2022 | +3.19% | +0.53% |
| 2021 | +4.86% | +2.24% |
Edelweiss Gilt vs Union Dynamic Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,678 of them, one for each trading day from 28-11-2019 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.
Edelweiss Gilt Fund (Direct)
Union Dynamic Term Fund (Direct)
to
Jun 2020Aug 2018
to
Aug 2021Oct 2019
to
Oct 2022Dec 2020
to
Dec 2023Mar 2022
to
Mar 2025Apr 2023
to
Apr 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Edelweiss Gilt | 0.0 | 2.9 | 77.0 | 20.1 | 0.0 | 0.0 | 0.0 | 7.9% | 7.3% | 4.6% | 12.0% |
| Union Dynamic Term | 0.0 | 35.1 | 64.9 | 0.0 | 0.0 | 0.0 | 0.0 | 6.0% | 5.8% | 2.6% | 9.3% |
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 28-11-2016. Past returns do not promise future returns.
Edelweiss 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 28-11-2016 to 30-10-2026: 120 instalments, ₹12,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss GiltEdelweiss Gilt Fund (Direct) | ₹12,00,000 | ₹16,47,668 | ₹4,47,668 | 6.2% |
| Union Dynamic TermUnion Dynamic Term Fund (Direct) | ₹12,00,000 | ₹15,24,269 | ₹3,24,269 | 4.7% |
Edelweiss GiltEdelweiss 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.
Edelweiss 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 | Edelweiss Gilt Fund (Direct) | Union Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.91% | −0.31% |
| Standard deviation | 3.35% | 4.12% |
| Sharpe ratio | -1.29 | -1.35 |
| Sortino ratio | -1.70 | -1.79 |
| Maximum drawdown | −3.1% (23-10-2026) | −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 | Edelweiss Gilt Fund (Direct) | Union Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.81% | +4.74% |
| Standard deviation | 3.10% | 3.25% |
| Sharpe ratio | -0.07 | -0.40 |
| Sortino ratio | -0.10 | -0.53 |
| Maximum drawdown | −3.3% (26-08-2025) | −4.9% (02-04-2026) |
| 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 | Edelweiss Gilt Fund (Direct) | Union Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.12% | +3.96% |
| Standard deviation | 2.80% | 2.79% |
| Sharpe ratio | -0.24 | -0.66 |
| Sortino ratio | -0.34 | -0.88 |
| Maximum drawdown | −3.3% (26-08-2025) | −4.9% (02-04-2026) |
| 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 | Edelweiss Gilt Fund (Direct) | Union Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.70% | +6.07% |
| Standard deviation | 3.03% | 3.25% |
| Sharpe ratio | 0.43 | 0.01 |
| Sortino ratio | 0.64 | 0.01 |
| Maximum drawdown | −3.3% (26-08-2025) | −6.8% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 28-11-2016 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.
Edelweiss 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 |
|---|---|---|---|---|---|---|
| Edelweiss Gilt Fund (Direct) | −3.3% | 28-05-2025 | 26-08-2025 | 23-06-2026 | 10 months | −2.8% |
| Union Dynamic Term Fund (Direct) | −4.9% | 28-05-2025 | 02-04-2026 | 25-06-2026 | 3 months | −3.3% |
From daily values since 28-11-2016, 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.
Edelweiss Gilt Fund (Direct)
Union 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.
Edelweiss Gilt Fund (Direct)
Union 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.
Edelweiss Gilt Fund (Direct)
Union Dynamic Term Fund (Direct)
Edelweiss Gilt vs Union Dynamic Term: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Gilt Fund, September 2026; Union Dynamic Term Fund, September 2026
Holdings in common
- Overlap
- 30.6%
- Held by both
- 3
- Only in Edelweiss Gilt
- 6
- Only in Union Dynamic Term
- 4
| Security | % of Edelweiss Gilt | % of Union Dynamic Term |
|---|---|---|
| 7.24% GOVT OF INDIA RED 18-08-2055 | 27.93% | 22.96% |
| 6.9% GOVT OF INDIA RED 15-04-2065 | 7.54% | 43.41% |
| 91 DAYS TBILL RED 01-10-2026 | 8.41% | 0.10% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.6% means 30.6% 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 Edelweiss Gilt Fund
| Security | % of fund |
|---|---|
| 6.94% GOVT OF INDIA RED 11-05-2036 | 12.81% |
| 7.48% KARNATAKA SDL RED 18-02-2037 | 12.27% |
| 7.63% GOVT OF INDIA RED 15-09-2056 | 8.37% |
| 364 DAYS TBILL RED 03-12-2026 | 8.33% |
| 7.49% KARNATAKA SDL RED 04-02-2035 | 0.78% |
Largest holdings only in Union Dynamic Term Fund
| Security | % of fund |
|---|---|
| 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 | Edelweiss Gilt | Union Dynamic Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 86.5% | 90.7% |
| Cash and others | 13.5% | 9.3% |
Edelweiss Gilt vs Union Dynamic Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Gilt Fund | Union Dynamic Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.51% | 1.31% |
| Base expense ratio (Direct) | 0.42% | 1.11% |
| Total expense ratio (Regular) | 1.15% | 1.53% |
| Base expense ratio (Regular) | 0.96% | 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 Edelweiss Gilt with
Edelweiss Gilt Fund vs Union Dynamic Term Fund: Frequently Asked Questions
What is the difference between Edelweiss Gilt Fund and Union Dynamic Term Fund?
Edelweiss Gilt Fund is a Gilt fund, Union Dynamic Term Fund is a Dynamic Bond fund, run by Edelweiss Mutual Fund and Union Mutual Fund. Their portfolios overlap 30.6%. Edelweiss Gilt Fund charges 0.51% a year and Union Dynamic Term Fund 1.31%.
Which has given higher returns, Edelweiss Gilt Fund or Union Dynamic Term Fund?
Over 1 year: Edelweiss Gilt Fund +0.91%, Union Dynamic Term Fund −0.31%. Over 3 years: Edelweiss Gilt Fund +5.81% a year, Union Dynamic Term Fund +4.74% a year. Over 5 years: Edelweiss Gilt Fund +5.12% a year, Union Dynamic Term Fund +3.96% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss Gilt Fund or Union Dynamic Term Fund?
Edelweiss Gilt Fund charges less: 0.51% a year against 1.31%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Gilt Fund and Union Dynamic Term Fund overlap?
30.6%. They hold 3 of the same securities, the largest shared ones being 7.24% GOVT OF INDIA RED 18-08-2055, 6.9% GOVT OF INDIA RED 15-04-2065, 91 DAYS TBILL RED 01-10-2026. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss Gilt Fund or Union Dynamic Term Fund?
On SEBI's riskometer, Edelweiss Gilt Fund is rated Moderate and Union Dynamic Term Fund Moderate. Over 3 years, the standard deviation of daily returns was 3.10% and 3.25% a year.
Which is better for SIP, Edelweiss Gilt Fund or Union Dynamic Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,87,254 in Edelweiss Gilt Fund (XIRR 4.6% a year) and ₹6,71,738 in Union Dynamic Term Fund (XIRR 3.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Edelweiss Gilt Fund and Union Dynamic Term Fund?
Yes. 30.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Edelweiss Gilt Fund and Union Dynamic Term Fund?
Edelweiss Gilt Fund: Dhawal Dalal, Kedar Karnik. 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.