Groww Dynamic Term Fund vs Invesco India Gilt Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Dynamic Term Fund is a Dynamic Bond fund and Invesco India Gilt Fund is a Gilt fund. In the 3 years to 30-10-2026, Groww Dynamic Term Fund (Direct) returned 5.7% a year and Invesco India Gilt Fund (Direct) returned 6.1% a year. Groww Dynamic Term Fund charges 0.45% a year and Invesco India Gilt Fund 0.48% (Direct plans). Their portfolios overlap 19.0%: they hold 1 of the same security.
Groww Dynamic Term Fund
Dynamic Bond
- 3 year return
- 5.7%
- Expense ratio
- 0.45%
- NAV
- ₹1,578.44
Invesco India Gilt Fund
Gilt
- 3 year return
- 6.1%
- Expense ratio
- 0.48%
- NAV
- ₹3,173.25
Which is better, Groww Dynamic Term or Invesco India Gilt? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Invesco India Gilt returned more over 5 years: 5.4% a year against 5.0%.
- Invesco India Gilt returned more over 3 years: 6.1% a year against 5.7%.
- Groww Dynamic Term costs less: 0.45% a year against 0.48% (Direct plans).
- Groww Dynamic Term swung less over 3 years: a standard deviation of 2.0% a year against 3.6%.
- Groww Dynamic Term fell less in its worst fall since 06-12-2018: −2.3% against −4.2%.
- Invesco India Gilt is the larger fund: ₹105 Cr against ₹25 Cr.
- Their portfolios overlap 19.0%: 1 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 | Groww Dynamic Term Fund | Invesco India Gilt Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Invesco Mutual Fund |
| Category | Dynamic Bond | Gilt |
| AUM | ₹25 Cr (30-09-2026) | ₹105 Cr (30-09-2026) |
| NAV | ₹1,578.44 (Direct) | ₹3,173.25 (Direct) |
| Expense ratio (Direct) | 0.45% | 0.48% |
| Expense ratio (Regular) | 1.36% | 1.25% |
| Riskometer | Moderate | Moderate |
| Benchmark | CRISIL Dynamic Bond A-III Index | Nifty All Duration G-Sec Index |
| Launch date | 06-12-2018 | 09-02-2008 |
| Minimum investment | ₹500 | Not available |
| Lock in | None | None |
| Fund managers | Kaustubh Sule, Wilfred Gonsalves | Krishna Cheemalapati, Vikas Garg |
| Exit load | Nil | Nil |
Groww Dynamic Term vs Invesco India Gilt: 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 |
|---|---|---|---|---|---|---|---|
| Groww Dynamic Term Fund (Direct) | −0.19% | +0.31% | +1.95% | +2.92% | +5.72% | +5.04% | -- |
| Invesco India Gilt Fund (Direct) | −1.04% | −2.34% | +1.14% | +1.24% | +6.10% | +5.44% | +5.96% |
| Dynamic Bond average | −0.48% | −0.66% | +1.80% | +3.05% | +6.70% | +5.98% | -- |
| Gilt average | −0.69% | −1.34% | +1.62% | +2.12% | +6.19% | +5.46% | +6.64% |
Category average: the average of the 22 Dynamic Bond funds and the 28 Gilt funds, same plan type.
Groww Dynamic Term vs Invesco India Gilt: Year-wise Returns
| Year | Groww Dynamic TermGroww Dynamic Term | Invesco India GiltInvesco India Gilt |
|---|---|---|
| 2026to date | +2.32% | +0.26% |
| 2025 | +4.87% | +5.01% |
| 2024 | +7.91% | +10.79% |
| 2023 | +6.25% | +7.40% |
| 2022 | +3.24% | +3.14% |
| 2021 | +4.07% | +1.45% |
Groww Dynamic Term vs Invesco India Gilt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,188 of them, one for each trading day from 06-12-2021 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.
Groww Dynamic Term Fund (Direct)
Invesco India Gilt Fund (Direct)
to
Apr 2022Feb 2020
to
Feb 2023Dec 2020
to
Dec 2023Oct 2021
to
Oct 2024Aug 2022
to
Aug 2025Jun 2023
to
Jun 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Groww Dynamic Term | 0.0 | 22.8 | 77.2 | 0.0 | 0.0 | 0.0 | 0.0 | 5.7% | 5.6% | 4.2% | 7.7% |
| Invesco India Gilt | 0.0 | 33.2 | 66.8 | 0.0 | 0.0 | 0.0 | 0.0 | 6.0% | 6.4% | 3.3% | 9.2% |
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 06-12-2018. Past returns do not promise future returns.
Groww Dynamic Term vs Invesco India Gilt: 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 06-12-2018 to 30-10-2026: 95 instalments, ₹9,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww Dynamic TermGroww Dynamic Term Fund (Direct) | ₹9,50,000 | ₹11,71,835 | ₹2,21,835 | 5.2% |
| Invesco India GiltInvesco India Gilt Fund (Direct) | ₹9,50,000 | ₹11,71,228 | ₹2,21,228 | 5.2% |
Groww Dynamic TermGroww Dynamic Term Fund (Direct)
Invesco India GiltInvesco India Gilt 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.
Groww Dynamic Term vs Invesco India Gilt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Dynamic Term Fund (Direct) | Invesco India Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.92% | +1.24% |
| Standard deviation | 1.72% | 4.38% |
| Sharpe ratio | -1.35 | -0.91 |
| Sortino ratio | -1.73 | -1.24 |
| Maximum drawdown | −0.8% (10-12-2025) | −3.9% (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 | Groww Dynamic Term Fund (Direct) | Invesco India Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.72% | +6.10% |
| Standard deviation | 2.01% | 3.61% |
| Sharpe ratio | -0.15 | 0.02 |
| Sortino ratio | -0.21 | 0.03 |
| Maximum drawdown | −2.3% (26-08-2025) | −4.2% (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 | Groww Dynamic Term Fund (Direct) | Invesco India Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.04% | +5.44% |
| Standard deviation | 1.71% | 3.02% |
| Sharpe ratio | -0.44 | -0.12 |
| Sortino ratio | -0.60 | -0.17 |
| Maximum drawdown | −2.3% (26-08-2025) | −4.2% (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 | Groww Dynamic Term Fund (Direct) | Invesco India Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.94% | +7.00% |
| Standard deviation | 1.82% | 4.09% |
| Sharpe ratio | 0.39 | 0.23 |
| Sortino ratio | 0.57 | 0.33 |
| Maximum drawdown | −2.3% (26-08-2025) | −9.2% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 06-12-2018 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.
Groww Dynamic Term Fund (Direct)
Invesco India Gilt Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Dynamic Term Fund (Direct) | −2.3% | 28-05-2025 | 26-08-2025 | 15-10-2025 | 50 days | −0.4% |
| Invesco India Gilt Fund (Direct) | −4.2% | 28-05-2025 | 02-04-2026 | 18-06-2026 | 3 months | −3.5% |
From daily values since 06-12-2018, 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.
Groww Dynamic Term Fund (Direct)
Invesco India Gilt 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.
Groww Dynamic Term Fund (Direct)
Invesco India Gilt 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.
Groww Dynamic Term Fund (Direct)
Invesco India Gilt Fund (Direct)
Groww Dynamic Term vs Invesco India Gilt: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Dynamic Term Fund, September 2026; Invesco India Gilt Fund, September 2026
Holdings in common
- Overlap
- 19.0%
- Held by both
- 1
- Only in Groww Dynamic Term
- 9
- Only in Invesco India Gilt
- 3
| Security | % of Groww Dynamic Term | % of Invesco India Gilt |
|---|---|---|
| 7.71% GOI 18-May-2066 | 29.45% | 19.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 19.0% means 19.0% 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 Groww Dynamic Term Fund
| Security | % of fund |
|---|---|
| NABARD 18-MAR-2027 | 11.41% |
| SIDBI 18-FEB-2027 | 11.09% |
| Indian Bank 22-JAN-2027 | 10.77% |
| 7.725% Larsen & Toubro Limited 28-APR-2028 | 3.93% |
| 7.35% EXIM Bank 27-JUL-2028 | 3.91% |
Largest holdings only in Invesco India Gilt Fund
| Security | % of fund |
|---|---|
| 6.94% Government of India 2036 | 32.78% |
| 7.24% Government of India 2055 | 27.11% |
| 7.63% Government of India 2056 | 9.49% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Dynamic Term | Invesco India Gilt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 75.6% | 88.4% |
| Cash and others | 24.4% | 11.6% |
Groww Dynamic Term vs Invesco India Gilt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Dynamic Term Fund | Invesco India Gilt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.45% | 0.48% |
| Base expense ratio (Direct) | 0.37% | 0.39% |
| Total expense ratio (Regular) | 1.36% | 1.25% |
| Base expense ratio (Regular) | 1.17% | 1.06% |
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 Groww Dynamic Term with
Groww Dynamic Term Fund vs Invesco India Gilt Fund: Frequently Asked Questions
What is the difference between Groww Dynamic Term Fund and Invesco India Gilt Fund?
Groww Dynamic Term Fund is a Dynamic Bond fund, Invesco India Gilt Fund is a Gilt fund, run by Groww Mutual Fund and Invesco Mutual Fund. Their portfolios overlap 19.0%. Groww Dynamic Term Fund charges 0.45% a year and Invesco India Gilt Fund 0.48%.
Which has given higher returns, Groww Dynamic Term Fund or Invesco India Gilt Fund?
Over 1 year: Groww Dynamic Term Fund +2.92%, Invesco India Gilt Fund +1.24%. Over 3 years: Groww Dynamic Term Fund +5.72% a year, Invesco India Gilt Fund +6.10% a year. Over 5 years: Groww Dynamic Term Fund +5.04% a year, Invesco India Gilt Fund +5.44% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Groww Dynamic Term Fund or Invesco India Gilt Fund?
Groww Dynamic Term Fund charges less: 0.45% a year against 0.48%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Dynamic Term Fund and Invesco India Gilt Fund overlap?
19.0%. They hold 1 of the same securities, the largest shared ones being 7.71% GOI 18-May-2066. From each fund's latest monthly portfolio.
Which is riskier, Groww Dynamic Term Fund or Invesco India Gilt Fund?
On SEBI's riskometer, Groww Dynamic Term Fund is rated Moderate and Invesco India Gilt Fund Moderate. Over 3 years, the standard deviation of daily returns was 2.01% and 3.61% a year.
Which is better for SIP, Groww Dynamic Term Fund or Invesco India Gilt Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,93,506 in Groww Dynamic Term Fund (XIRR 5.0% a year) and ₹6,93,276 in Invesco India Gilt Fund (XIRR 5.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Groww Dynamic Term Fund and Invesco India Gilt Fund?
Yes. 19.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww Dynamic Term Fund and Invesco India Gilt Fund?
Groww Dynamic Term Fund: Kaustubh Sule, Wilfred Gonsalves. Invesco India Gilt 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.