Kotak Dynamic Term Fund vs Mirae Asset Long Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Dynamic Term Fund is a Dynamic Bond fund and Mirae Asset Long Term Fund is a Long Duration fund. In the year to 30-10-2026, Kotak Dynamic Term Fund (Direct) returned 4.7% and Mirae Asset Long Term Fund (Direct) returned 0.2%. Kotak Dynamic Term Fund charges 0.61% a year and Mirae Asset Long Term Fund 0.20% (Direct plans). Their portfolios overlap 18.8%: they hold 3 of the same securities.
Kotak Dynamic Term Fund
Dynamic Bond
- 1 year return
- 4.7%
- Expense ratio
- 0.61%
- NAV
- ₹43.39
Mirae Asset Long Term Fund
Long Duration
- 1 year return
- 0.2%
- Expense ratio
- 0.20%
- NAV
- ₹10.32
Which is better, Kotak Dynamic Term or Mirae Asset Long 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 1 year: 4.7% against 0.2%.
- Mirae Asset Long Term costs less: 0.20% a year against 0.61% (Direct plans).
- Kotak Dynamic Term fell less in its worst fall since 09-12-2024: −2.4% against −5.6%.
- Kotak Dynamic Term is the larger fund: ₹2,219 Cr against ₹19 Cr.
- Their portfolios overlap 18.8%: 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 | Kotak Dynamic Term Fund | Mirae Asset Long Term Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Mirae Asset Mutual Fund |
| Category | Dynamic Bond | Long Duration |
| AUM | ₹2,219 Cr (30-09-2026) | ₹19 Cr (30-09-2026) |
| NAV | ₹43.39 (Direct) | ₹10.32 (Direct) |
| Expense ratio (Direct) | 0.61% | 0.20% |
| Expense ratio (Regular) | 1.35% | 0.78% |
| Riskometer | Moderately High | Not available |
| Benchmark | NIFTY Composite Debt Index A-III | Not available |
| Launch date | 26-05-2008 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Deepak Agrawal, Abhishek Bisen | Not available |
| Exit load | Nil | Not available |
Kotak Dynamic Term vs Mirae Asset Long 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 |
|---|---|---|---|---|---|---|---|
| Kotak Dynamic Term Fund (Direct) | −0.41% | −0.15% | +3.09% | +4.69% | +7.68% | +6.44% | +7.53% |
| Mirae Asset Long Term Fund (Direct) | −1.40% | −2.24% | +0.70% | +0.24% | -- | -- | -- |
| Dynamic Bond average | −0.48% | −0.66% | +1.80% | +3.05% | +6.70% | +5.98% | +6.68% |
| Long Duration average | −1.14% | −2.16% | +0.90% | +0.63% | -- | -- | -- |
Category average: the average of the 22 Dynamic Bond funds and the 11 Long Duration funds, same plan type.
Kotak Dynamic Term vs Mirae Asset Long Term: Year-wise Returns
| Year | Kotak DynamicKotak Dynamic Term | Mirae Asset LongMirae Asset Long Term |
|---|---|---|
| 2026to date | +3.99% | −0.41% |
| 2025 | +6.72% | +3.46% |
| 2024 | +10.14% | -- |
| 2023 | +7.47% | -- |
| 2022 | +3.47% | -- |
| 2021 | +3.95% | -- |
Kotak Dynamic Term vs Mirae Asset Long Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 215 of them, one for each trading day from 09-12-2025 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.
Kotak Dynamic Term Fund (Direct)
Mirae Asset Long Term Fund (Direct)
to
Jan 2026Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak Dynamic Term | 0.0 | 35.3 | 64.7 | 0.0 | 0.0 | 0.0 | 0.0 | 5.3% | 5.8% | 1.7% | 8.1% |
| Mirae Asset Long Term | 29.3 | 70.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.2% | 1.9% | −4.0% | 4.8% |
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 09-12-2024. Past returns do not promise future returns.
Kotak Dynamic Term vs Mirae Asset Long 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 02-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Dynamic TermKotak Dynamic Term Fund (Direct) | ₹2,30,000 | ₹2,41,551 | ₹11,551 | 5.0% |
| Mirae Asset Long TermMirae Asset Long Term Fund (Direct) | ₹2,30,000 | ₹2,30,369 | ₹369 | 0.2% |
Kotak Dynamic TermKotak Dynamic Term Fund (Direct)
Mirae Asset Long TermMirae Asset Long 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.
Kotak Dynamic Term vs Mirae Asset Long Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Dynamic Term Fund (Direct) | Mirae Asset Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.69% | +0.24% |
| Standard deviation | 2.34% | 4.50% |
| Sharpe ratio | -0.24 | -1.11 |
| Sortino ratio | -0.33 | -1.48 |
| Maximum drawdown | −1.6% (23-10-2026) | −4.0% (02-04-2026) |
| 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 | Kotak Dynamic Term Fund (Direct) | Mirae Asset Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.42% | +1.55% |
| Standard deviation | 2.33% | 4.16% |
| Sharpe ratio | 1.02 | -0.97 |
| Sortino ratio | 1.49 | -1.29 |
| Maximum drawdown | −3.2% (19-03-2020) | −5.6% (02-04-2026) |
| 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.
Kotak Dynamic Term Fund (Direct)
Mirae Asset Long Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Dynamic Term Fund (Direct) | −2.4% | 29-05-2025 | 26-08-2025 | 01-10-2025 | 36 days | −1.2% |
| Mirae Asset Long Term Fund (Direct) | −5.6% | 28-05-2025 | 02-04-2026 | 25-06-2026 | 3 months | −3.6% |
From daily values since 09-12-2024, 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.
Kotak Dynamic Term Fund (Direct)
Mirae Asset Long Term Fund (Direct)
Kotak Dynamic Term vs Mirae Asset Long Term: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Dynamic Term Fund, September 2026; Mirae Asset Long Term Fund, September 2026
Holdings in common
- Overlap
- 18.8%
- Held by both
- 3
- Only in Kotak Dynamic Term
- 30
- Only in Mirae Asset Long Term
- 3
| Security | % of Kotak Dynamic Term | % of Mirae Asset Long Term |
|---|---|---|
| Central Government - 2065 | 17.38% | 18.84% |
| Central Government - 2053 | 1.07% | 30.25% |
| SBI ALTERNATIVE INVESTMENT FUND | 0.40% | 0.55% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.8% means 18.8% 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 Kotak Dynamic Term Fund
| Security | % of fund |
|---|---|
| HDFC BANK LTD. | 8.84% |
| PUNJAB NATIONAL BANK | 7.70% |
| MUTHOOT FINANCE LTD. | 6.80% |
| VEDANTA LTD. ( Axis Trustee Services Ltd.) | 6.79% |
| Central Government - 2063 | 4.88% |
Largest holdings only in Mirae Asset Long Term Fund
| Security | % of fund |
|---|---|
| 7.09% Government of India (MD 05/08/2054) | 24.54% |
| 7.24% Government of India (MD 18/08/2055) | 9.97% |
| 6.94% Government of India (MD 11/05/2036) | 5.16% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Dynamic Term | Mirae Asset Long Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 76.9% | 88.8% |
| Cash and others | 23.1% | 11.2% |
Kotak Dynamic Term vs Mirae Asset Long Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Dynamic Term Fund | Mirae Asset Long Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.61% | 0.20% |
| Base expense ratio (Direct) | 0.50% | 0.17% |
| Total expense ratio (Regular) | 1.35% | 0.78% |
| Base expense ratio (Regular) | 1.13% | 0.66% |
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 Kotak Dynamic Term with
Kotak Dynamic Term Fund vs Mirae Asset Long Term Fund: Frequently Asked Questions
What is the difference between Kotak Dynamic Term Fund and Mirae Asset Long Term Fund?
Kotak Dynamic Term Fund is a Dynamic Bond fund, Mirae Asset Long Term Fund is a Long Duration fund, run by Kotak Mahindra Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 18.8%. Kotak Dynamic Term Fund charges 0.61% a year and Mirae Asset Long Term Fund 0.20%.
Which has given higher returns, Kotak Dynamic Term Fund or Mirae Asset Long Term Fund?
Over 1 year: Kotak Dynamic Term Fund +4.69%, Mirae Asset Long Term Fund +0.24%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Dynamic Term Fund or Mirae Asset Long Term Fund?
Mirae Asset Long Term Fund charges less: 0.20% a year against 0.61%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Dynamic Term Fund and Mirae Asset Long Term Fund overlap?
18.8%. They hold 3 of the same securities, the largest shared ones being Central Government - 2065, Central Government - 2053, SBI ALTERNATIVE INVESTMENT FUND. From each fund's latest monthly portfolio.
Can I invest in both Kotak Dynamic Term Fund and Mirae Asset Long Term Fund?
Yes. 18.8% 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.