ITI Dynamic Term Fund vs Kotak Dynamic Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Dynamic Term Fund and Kotak Dynamic Term Fund are both Dynamic Bond funds. In the 3 years to 30-10-2026, ITI Dynamic Term Fund (Direct) returned 5.7% a year and Kotak Dynamic Term Fund (Direct) returned 7.7% a year. ITI Dynamic Term Fund charges 0.29% a year and Kotak Dynamic Term Fund 0.61% (Direct plans). Their portfolios overlap 0.4%: they hold 1 of the same security.
ITI Dynamic Term Fund
Dynamic Bond
- 3 year return
- 5.7%
- Expense ratio
- 0.29%
- NAV
- ₹13.32
Kotak Dynamic Term Fund
Dynamic Bond
- 3 year return
- 7.7%
- Expense ratio
- 0.61%
- NAV
- ₹43.39
Which is better, ITI Dynamic Term or Kotak 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.
- Kotak Dynamic Term returned more over 5 years: 6.4% a year against 5.6%.
- Kotak Dynamic Term returned more over 3 years: 7.7% a year against 5.7%.
- ITI Dynamic Term costs less: 0.29% a year against 0.61% (Direct plans).
- ITI Dynamic Term swung less over 3 years: a standard deviation of 2.0% a year against 2.4%.
- ITI Dynamic Term fell less in its worst fall since 15-07-2021: −2.2% against −2.4%.
- Kotak Dynamic Term is the larger fund: ₹2,219 Cr against ₹24 Cr.
- Their portfolios overlap 0.4%: 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 | ITI Dynamic Term Fund | Kotak Dynamic Term Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Dynamic Bond | Dynamic Bond |
| AUM | ₹24 Cr (30-09-2026) | ₹2,219 Cr (30-09-2026) |
| NAV | ₹13.32 (Direct) | ₹43.39 (Direct) |
| Expense ratio (Direct) | 0.29% | 0.61% |
| Expense ratio (Regular) | 1.23% | 1.35% |
| Riskometer | Low to Moderate | Moderately High |
| Benchmark | CRISIL Dynamic Bond A-III Index | NIFTY Composite Debt Index A-III |
| Launch date | 14-07-2021 | 26-05-2008 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Laukik Bagwe | Deepak Agrawal, Abhishek Bisen |
| Exit load | Nil | Nil |
ITI Dynamic Term vs Kotak 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 |
|---|---|---|---|---|---|---|---|
| ITI Dynamic Term Fund (Direct) | −0.72% | −1.54% | −0.44% | +1.42% | +5.65% | +5.58% | -- |
| Kotak Dynamic Term Fund (Direct) | −0.41% | −0.15% | +3.09% | +4.69% | +7.68% | +6.44% | +7.53% |
| 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.
ITI Dynamic Term vs Kotak Dynamic Term: Year-wise Returns
| Year | ITIITI Dynamic Term | KotakKotak Dynamic Term |
|---|---|---|
| 2026to date | +0.83% | +3.99% |
| 2025 | +4.97% | +6.72% |
| 2024 | +9.80% | +10.14% |
| 2023 | +6.80% | +7.47% |
| 2022 | +4.92% | +3.47% |
| 2021 | -- | +3.95% |
ITI Dynamic Term vs Kotak Dynamic Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 557 of them, one for each trading day from 15-07-2024 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.
ITI Dynamic Term Fund (Direct)
Kotak Dynamic Term Fund (Direct)
to
Sept 2024Feb 2022
to
Feb 2025Jul 2022
to
Jul 2025Nov 2022
to
Nov 2025Apr 2023
to
Apr 2026Aug 2023
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ITI Dynamic Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.2% | 7.1% | 5.6% | 8.5% |
| Kotak Dynamic Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.8% | 7.8% | 6.6% | 9.1% |
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 15-07-2021. Past returns do not promise future returns.
ITI Dynamic Term vs Kotak 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 15-07-2021 to 30-10-2026: 64 instalments, ₹6,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ITI Dynamic TermITI Dynamic Term Fund (Direct) | ₹6,40,000 | ₹7,32,457 | ₹92,457 | 5.0% |
| Kotak Dynamic TermKotak Dynamic Term Fund (Direct) | ₹6,40,000 | ₹7,66,854 | ₹1,26,854 | 6.7% |
ITI Dynamic TermITI Dynamic Term Fund (Direct)
Kotak Dynamic TermKotak 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.
ITI Dynamic Term vs Kotak Dynamic Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ITI Dynamic Term Fund (Direct) | Kotak Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.42% | +4.69% |
| Standard deviation | 1.63% | 2.34% |
| Sharpe ratio | -2.36 | -0.24 |
| Sortino ratio | -2.88 | -0.33 |
| Maximum drawdown | −2.2% (23-10-2026) | −1.6% (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 | ITI Dynamic Term Fund (Direct) | Kotak Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.65% | +7.68% |
| Standard deviation | 2.00% | 2.40% |
| Sharpe ratio | -0.19 | 0.69 |
| Sortino ratio | -0.26 | 0.97 |
| Maximum drawdown | −2.2% (23-10-2026) | −2.4% (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 | ITI Dynamic Term Fund (Direct) | Kotak Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.58% | +6.44% |
| Standard deviation | 1.61% | 2.19% |
| Sharpe ratio | -0.14 | 0.29 |
| Sortino ratio | -0.19 | 0.41 |
| Maximum drawdown | −2.2% (23-10-2026) | −2.4% (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 | ITI Dynamic Term Fund (Direct) | Kotak Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.55% | +8.42% |
| Standard deviation | 1.59% | 2.33% |
| Sharpe ratio | -0.07 | 1.02 |
| Sortino ratio | -0.09 | 1.49 |
| Maximum drawdown | −2.2% (23-10-2026) | −3.2% (19-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 15-07-2021 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.
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.
ITI Dynamic Term Fund (Direct)
Kotak Dynamic Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ITI Dynamic Term Fund (Direct) | −2.2% | 06-07-2026 | 23-10-2026 | Not yet | -- | −2.0% |
| Kotak Dynamic Term Fund (Direct) | −2.4% | 29-05-2025 | 26-08-2025 | 01-10-2025 | 36 days | −1.2% |
From daily values since 15-07-2021, 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.
ITI Dynamic Term Fund (Direct)
Kotak 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.
ITI Dynamic Term Fund (Direct)
Kotak 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.
ITI Dynamic Term Fund (Direct)
Kotak Dynamic Term Fund (Direct)
ITI Dynamic Term vs Kotak Dynamic Term: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Dynamic Term Fund, September 2026; Kotak Dynamic Term Fund, September 2026
Holdings in common
- Overlap
- 0.4%
- Held by both
- 1
- Only in ITI Dynamic Term
- 2
- Only in Kotak Dynamic Term
- 32
| Security | % of ITI Dynamic Term | % of Kotak Dynamic Term |
|---|---|---|
| Corporate Debt Market Development Fund Class A2 | 1.33% | 0.40% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 0.4% means 0.4% 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 ITI Dynamic Term Fund
| Security | % of fund |
|---|---|
| 6.94% Government of India (11/05/2036) | 12.20% |
| 6.53% Government of India (07/09/2031) | 9.95% |
Largest holdings only in Kotak Dynamic Term Fund
| Security | % of fund |
|---|---|
| Central Government - 2065 | 17.38% |
| HDFC BANK LTD. | 8.84% |
| PUNJAB NATIONAL BANK | 7.70% |
| MUTHOOT FINANCE LTD. | 6.80% |
| VEDANTA LTD. ( Axis Trustee Services Ltd.) | 6.79% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Dynamic Term | Kotak Dynamic Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 22.1% | 76.9% |
| Cash and others | 77.8% | 23.1% |
ITI Dynamic Term vs Kotak Dynamic Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Dynamic Term Fund | Kotak Dynamic Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.29% | 0.61% |
| Base expense ratio (Direct) | 0.18% | 0.50% |
| Total expense ratio (Regular) | 1.23% | 1.35% |
| Base expense ratio (Regular) | 1.01% | 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 ITI Dynamic Term with
ITI Dynamic Term Fund vs Kotak Dynamic Term Fund: Frequently Asked Questions
What is the difference between ITI Dynamic Term Fund and Kotak Dynamic Term Fund?
Both are Dynamic Bond funds, run by ITI Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 0.4%. ITI Dynamic Term Fund charges 0.29% a year and Kotak Dynamic Term Fund 0.61%.
Which has given higher returns, ITI Dynamic Term Fund or Kotak Dynamic Term Fund?
Over 1 year: ITI Dynamic Term Fund +1.42%, Kotak Dynamic Term Fund +4.69%. Over 3 years: ITI Dynamic Term Fund +5.65% a year, Kotak Dynamic Term Fund +7.68% a year. Over 5 years: ITI Dynamic Term Fund +5.58% a year, Kotak Dynamic Term Fund +6.44% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ITI Dynamic Term Fund or Kotak Dynamic Term Fund?
ITI Dynamic Term Fund charges less: 0.29% a year against 0.61%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Dynamic Term Fund and Kotak Dynamic Term Fund overlap?
0.4%. They hold 1 of the same securities, the largest shared ones being Corporate Debt Market Development Fund Class A2. From each fund's latest monthly portfolio.
Which is riskier, ITI Dynamic Term Fund or Kotak Dynamic Term Fund?
On SEBI's riskometer, ITI Dynamic Term Fund is rated Low to Moderate and Kotak Dynamic Term Fund Moderately High. Over 3 years, the standard deviation of daily returns was 2.00% and 2.40% a year.
Which is better for SIP, ITI Dynamic Term Fund or Kotak Dynamic Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,92,696 in ITI Dynamic Term Fund (XIRR 5.0% a year) and ₹7,25,164 in Kotak Dynamic Term Fund (XIRR 6.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ITI Dynamic Term Fund and Kotak Dynamic Term Fund?
Yes. 0.4% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages ITI Dynamic Term Fund and Kotak Dynamic Term Fund?
ITI Dynamic Term Fund: Laukik Bagwe. Kotak Dynamic Term Fund: Deepak Agrawal, Abhishek Bisen.
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.