HDFC Dynamic Term Fund vs ICICI Prudential Dynamic Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Dynamic Term Fund and ICICI Prudential Dynamic Term Fund are both Dynamic Bond funds. In the 3 years to 30-10-2026, HDFC Dynamic Term Fund (Direct) returned 6.5% a year and ICICI Prudential Dynamic Term Fund (Direct) returned 7.2% a year. HDFC Dynamic Term Fund charges 0.75% a year and ICICI Prudential Dynamic Term Fund 0.63% (Direct plans). Their portfolios overlap 13.0%: they hold 7 of the same securities.
HDFC Dynamic Term Fund
Dynamic Bond
- 3 year return
- 6.5%
- Expense ratio
- 0.75%
- NAV
- ₹102.71
ICICI Prudential Dynamic Term Fund
Dynamic Bond
- 3 year return
- 7.2%
- Expense ratio
- 0.63%
- NAV
- ₹42.18
Which is better, HDFC Dynamic Term or ICICI Prudential 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.
- ICICI Prudential Dynamic Term returned more over 5 years: 6.8% a year against 5.7%.
- ICICI Prudential Dynamic Term returned more over 3 years: 7.2% a year against 6.5%.
- ICICI Prudential Dynamic Term costs less: 0.63% a year against 0.75% (Direct plans).
- ICICI Prudential Dynamic Term swung less over 3 years: a standard deviation of 1.6% a year against 2.3%.
- ICICI Prudential Dynamic Term fell less in its worst fall since 03-01-2013: −3.6% against −7.5%.
- ICICI Prudential Dynamic Term is the larger fund: ₹12,863 Cr against ₹480 Cr.
- Their portfolios overlap 13.0%: 7 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 | HDFC Dynamic Term Fund | ICICI Prudential Dynamic Term Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Dynamic Bond | Dynamic Bond |
| AUM | ₹480 Cr (30-09-2026) | ₹12,863 Cr (30-09-2026) |
| NAV | ₹102.71 (Direct) | ₹42.18 (Direct) |
| Expense ratio (Direct) | 0.75% | 0.63% |
| Expense ratio (Regular) | 1.40% | 1.32% |
| Riskometer | Moderately High | Not available |
| Benchmark | NIFTY Composite Debt Index A-III | Not available |
| Launch date | 28-04-1997 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Anil Bamboli, Gopal Agrawal | Not available |
| Exit load | NIL | Not available |
HDFC Dynamic Term vs ICICI Prudential 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 |
|---|---|---|---|---|---|---|---|
| HDFC Dynamic Term Fund (Direct) | −0.49% | −0.71% | +2.27% | +3.27% | +6.47% | +5.72% | +5.92% |
| ICICI Prudential Dynamic Term Fund (Direct) | −0.76% | −0.81% | +1.91% | +3.66% | +7.16% | +6.75% | +7.73% |
| 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.
HDFC Dynamic Term vs ICICI Prudential Dynamic Term: Year-wise Returns
| Year | HDFCHDFC Dynamic Term | ICICI PrudentialICICI Prudential Dynamic Term |
|---|---|---|
| 2026to date | +2.73% | +2.75% |
| 2025 | +5.45% | +7.93% |
| 2024 | +9.25% | +9.01% |
| 2023 | +7.87% | +8.34% |
| 2022 | +2.83% | +5.34% |
| 2021 | +8.16% | +5.11% |
HDFC Dynamic Term vs ICICI Prudential Dynamic Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,619 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.
HDFC Dynamic Term Fund (Direct)
ICICI Prudential 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Dynamic Term | 0.0 | 10.3 | 77.1 | 12.7 | 0.0 | 0.0 | 0.0 | 7.5% | 7.1% | 2.9% | 14.4% |
| ICICI Prudential Dynamic Term | 0.0 | 0.0 | 73.1 | 26.4 | 0.5 | 0.0 | 0.0 | 9.3% | 8.9% | 6.0% | 15.7% |
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 03-01-2013. Past returns do not promise future returns.
HDFC Dynamic Term vs ICICI Prudential 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 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Dynamic TermHDFC Dynamic Term Fund (Direct) | ₹16,60,000 | ₹26,85,159 | ₹10,25,159 | 6.7% |
| ICICI Prudential Dynamic TermICICI Prudential Dynamic Term Fund (Direct) | ₹16,60,000 | ₹30,09,396 | ₹13,49,396 | 8.2% |
HDFC Dynamic TermHDFC Dynamic Term Fund (Direct)
ICICI Prudential Dynamic TermICICI Prudential 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.
HDFC Dynamic Term vs ICICI Prudential Dynamic Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Dynamic Term Fund (Direct) | ICICI Prudential Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.27% | +3.66% |
| Standard deviation | 2.67% | 2.21% |
| Sharpe ratio | -0.74 | -0.72 |
| Sortino ratio | -1.00 | -0.97 |
| Maximum drawdown | −2.3% (23-10-2026) | −1.9% (27-10-2026) |
| 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 | HDFC Dynamic Term Fund (Direct) | ICICI Prudential Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.47% | +7.16% |
| Standard deviation | 2.33% | 1.63% |
| Sharpe ratio | 0.19 | 0.70 |
| Sortino ratio | 0.26 | 0.99 |
| Maximum drawdown | −2.6% (26-08-2025) | −1.9% (27-10-2026) |
| 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 | HDFC Dynamic Term Fund (Direct) | ICICI Prudential Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.72% | +6.75% |
| Standard deviation | 2.07% | 1.61% |
| Sharpe ratio | -0.04 | 0.59 |
| Sortino ratio | -0.05 | 0.82 |
| Maximum drawdown | −2.6% (26-08-2025) | −1.9% (27-10-2026) |
| 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 | HDFC Dynamic Term Fund (Direct) | ICICI Prudential Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.36% | +9.18% |
| Standard deviation | 3.33% | 2.44% |
| Sharpe ratio | 0.39 | 1.28 |
| Sortino ratio | 0.60 | 2.00 |
| Maximum drawdown | −7.5% (19-08-2013) | −3.6% (10-03-2017) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-01-2013 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.
HDFC Dynamic Term Fund (Direct)
ICICI Prudential Dynamic Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Dynamic Term Fund (Direct) | −7.5% | 28-05-2013 | 19-08-2013 | 24-03-2014 | 7 months | −1.9% |
| ICICI Prudential Dynamic Term Fund (Direct) | −3.6% | 24-11-2016 | 10-03-2017 | 22-05-2017 | 2 months | −1.6% |
From daily values since 03-01-2013, 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.
HDFC Dynamic Term Fund (Direct)
ICICI Prudential 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.
HDFC Dynamic Term Fund (Direct)
ICICI Prudential 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.
HDFC Dynamic Term Fund (Direct)
ICICI Prudential Dynamic Term Fund (Direct)
HDFC Dynamic Term vs ICICI Prudential Dynamic Term: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Dynamic Term Fund, September 2026; ICICI Prudential Dynamic Term Fund, September 2026
Holdings in common
- Overlap
- 13.0%
- Held by both
- 7
- Only in HDFC Dynamic Term
- 27
- Only in ICICI Prudential Dynamic Term
- 83
| Security | % of HDFC Dynamic Term | % of ICICI Prudential Dynamic Term |
|---|---|---|
| 7.34% GOI MAT 220464 | 14.70% | 5.45% |
| 6.9% GOI MAT 150465 | 4.67% | 9.37% |
| 6.94% GOI MAT 110536 | 4.10% | 1.63% |
| 7.48% Madhya Pradesh MAT 011045 | 0.99% | 0.54% |
| Corporate Debt Market Development Fund | 0.51% | 0.34% |
| 7.63% Andhra Pradesh SDL ISD 030925 MAT 030937 | 1.02% | 0.28% |
| LIC Housing Finance Ltd. | 0.12% | 7.29% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.0% means 13.0% 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 HDFC Dynamic Term Fund
| Security | % of fund |
|---|---|
| REC Limited. | 5.34% |
| National Bank for Agri & Rural Dev. | 5.19% |
| Small Industries Development Bank | 5.09% |
| Union Bank of India | 5.09% |
| Indus Infra Trust | 4.42% |
Largest holdings only in ICICI Prudential Dynamic Term Fund
| Security | % of fund |
|---|---|
| Government Securities | 3.80% |
| Vedanta Ltd. | 2.34% |
| Muthoot Finance Ltd. | 2.33% |
| Cholamandalam Investment And Finance Company Ltd. | 2.33% |
| Government Securities | 2.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Dynamic Term | ICICI Prudential Dynamic Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 73.9% | 95.7% |
| Cash and others | 26.1% | 4.3% |
HDFC Dynamic Term vs ICICI Prudential Dynamic Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Dynamic Term Fund | ICICI Prudential Dynamic Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.75% | 0.63% |
| Base expense ratio (Direct) | 0.63% | 0.54% |
| Total expense ratio (Regular) | 1.40% | 1.32% |
| Base expense ratio (Regular) | 1.18% | 1.13% |
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 HDFC Dynamic Term with
Compare ICICI Prudential Dynamic Term with
HDFC Dynamic Term Fund vs ICICI Prudential Dynamic Term Fund: Frequently Asked Questions
What is the difference between HDFC Dynamic Term Fund and ICICI Prudential Dynamic Term Fund?
Both are Dynamic Bond funds, run by HDFC Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 13.0%. HDFC Dynamic Term Fund charges 0.75% a year and ICICI Prudential Dynamic Term Fund 0.63%.
Which has given higher returns, HDFC Dynamic Term Fund or ICICI Prudential Dynamic Term Fund?
Over 1 year: HDFC Dynamic Term Fund +3.27%, ICICI Prudential Dynamic Term Fund +3.66%. Over 3 years: HDFC Dynamic Term Fund +6.47% a year, ICICI Prudential Dynamic Term Fund +7.16% a year. Over 5 years: HDFC Dynamic Term Fund +5.72% a year, ICICI Prudential Dynamic Term Fund +6.75% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Dynamic Term Fund or ICICI Prudential Dynamic Term Fund?
ICICI Prudential Dynamic Term Fund charges less: 0.63% a year against 0.75%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Dynamic Term Fund and ICICI Prudential Dynamic Term Fund overlap?
13.0%. They hold 7 of the same securities, the largest shared ones being 7.34% GOI MAT 220464, 6.9% GOI MAT 150465, 6.94% GOI MAT 110536. From each fund's latest monthly portfolio.
Which is better for SIP, HDFC Dynamic Term Fund or ICICI Prudential Dynamic Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,07,315 in HDFC Dynamic Term Fund (XIRR 5.8% a year) and ₹7,24,155 in ICICI Prudential Dynamic Term Fund (XIRR 6.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Dynamic Term Fund and ICICI Prudential Dynamic Term Fund?
Yes. 13.0% 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.