Kotak Dynamic Term Fund vs PGIM India Dynamic Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Dynamic Term Fund and PGIM India Dynamic Term Fund are both Dynamic Bond funds. In the 3 years to 30-10-2026, Kotak Dynamic Term Fund (Direct) returned 7.7% a year and PGIM India Dynamic Term Fund (Direct) returned 6.8% a year. Kotak Dynamic Term Fund charges 0.61% a year and PGIM India Dynamic Term Fund 0.49% (Direct plans). Their portfolios overlap 0.4%: they hold 1 of the same security.
Kotak Dynamic Term Fund
Dynamic Bond
- 3 year return
- 7.7%
- Expense ratio
- 0.61%
- NAV
- ₹43.39
PGIM India Dynamic Term Fund
Dynamic Bond
- 3 year return
- 6.8%
- Expense ratio
- 0.49%
- NAV
- ₹3,095.43
Which is better, Kotak Dynamic Term or PGIM India 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 6.0%.
- Kotak Dynamic Term returned more over 3 years: 7.7% a year against 6.8%.
- PGIM India Dynamic Term costs less: 0.49% a year against 0.61% (Direct plans).
- PGIM India Dynamic Term swung less over 3 years: a standard deviation of 2.2% a year against 2.4%.
- Kotak Dynamic Term fell less in its worst fall since 02-01-2013: −3.2% against −4.1%.
- Kotak Dynamic Term is the larger fund: ₹2,219 Cr against ₹78 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 | Kotak Dynamic Term Fund | PGIM India Dynamic Term Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | PGIM India Mutual Fund |
| Category | Dynamic Bond | Dynamic Bond |
| AUM | ₹2,219 Cr (30-09-2026) | ₹78 Cr (30-09-2026) |
| NAV | ₹43.39 (Direct) | ₹3,095.43 (Direct) |
| Expense ratio (Direct) | 0.61% | 0.49% |
| Expense ratio (Regular) | 1.35% | 1.68% |
| Riskometer | Moderately High | Low to Moderate |
| Benchmark | NIFTY Composite Debt Index A-III | CRISIL Dynamic Bond A-III Index |
| Launch date | 26-05-2008 | 12-01-2012 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Deepak Agrawal, Abhishek Bisen | Puneet Pal, and Mr. Akhil Dhar |
| Exit load | Nil | NIL |
Kotak Dynamic Term vs PGIM India 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 |
|---|---|---|---|---|---|---|---|
| Kotak Dynamic Term Fund (Direct) | −0.41% | −0.15% | +3.09% | +4.69% | +7.68% | +6.44% | +7.53% |
| PGIM India Dynamic Term Fund (Direct) | −0.28% | −0.62% | +1.62% | +2.22% | +6.79% | +5.98% | +7.20% |
| 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.
Kotak Dynamic Term vs PGIM India Dynamic Term: Year-wise Returns
| Year | KotakKotak Dynamic Term | PGIM IndiaPGIM India Dynamic Term |
|---|---|---|
| 2026to date | +3.99% | +1.73% |
| 2025 | +6.72% | +6.51% |
| 2024 | +10.14% | +10.38% |
| 2023 | +7.47% | +7.47% |
| 2022 | +3.47% | +3.62% |
| 2021 | +3.95% | +3.59% |
Kotak Dynamic Term vs PGIM India Dynamic Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,618 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.
Kotak Dynamic Term Fund (Direct)
PGIM India 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak Dynamic Term | 0.0 | 2.3 | 74.9 | 22.8 | 0.0 | 0.0 | 0.0 | 8.6% | 9.0% | 4.5% | 12.3% |
| PGIM India Dynamic Term | 0.0 | 4.8 | 81.6 | 13.6 | 0.0 | 0.0 | 0.0 | 8.3% | 8.4% | 4.4% | 13.2% |
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 02-01-2013. Past returns do not promise future returns.
Kotak Dynamic Term vs PGIM India 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Dynamic TermKotak Dynamic Term Fund (Direct) | ₹16,60,000 | ₹29,20,739 | ₹12,60,739 | 7.8% |
| PGIM India Dynamic TermPGIM India Dynamic Term Fund (Direct) | ₹16,60,000 | ₹28,06,224 | ₹11,46,224 | 7.2% |
Kotak Dynamic TermKotak Dynamic Term Fund (Direct)
PGIM India Dynamic TermPGIM India 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.
Kotak Dynamic Term vs PGIM India Dynamic 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) | PGIM India Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.69% | +2.22% |
| Standard deviation | 2.34% | 2.09% |
| Sharpe ratio | -0.24 | -1.45 |
| Sortino ratio | -0.33 | -1.95 |
| Maximum drawdown | −1.6% (23-10-2026) | −1.5% (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 | Kotak Dynamic Term Fund (Direct) | PGIM India Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.68% | +6.79% |
| Standard deviation | 2.40% | 2.19% |
| Sharpe ratio | 0.69 | 0.35 |
| Sortino ratio | 0.97 | 0.51 |
| Maximum drawdown | −2.4% (26-08-2025) | −1.9% (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 | Kotak Dynamic Term Fund (Direct) | PGIM India Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.44% | +5.98% |
| Standard deviation | 2.19% | 1.86% |
| Sharpe ratio | 0.29 | 0.10 |
| Sortino ratio | 0.41 | 0.14 |
| Maximum drawdown | −2.4% (26-08-2025) | −1.9% (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 | Kotak Dynamic Term Fund (Direct) | PGIM India Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.42% | +7.81% |
| Standard deviation | 2.33% | 2.71% |
| Sharpe ratio | 1.02 | 0.65 |
| Sortino ratio | 1.49 | 0.95 |
| Maximum drawdown | −3.2% (19-03-2020) | −4.1% (19-08-2013) |
| 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)
PGIM India Dynamic 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) | −3.2% | 06-03-2020 | 19-03-2020 | 22-04-2020 | 34 days | −1.2% |
| PGIM India Dynamic Term Fund (Direct) | −4.1% | 17-06-2013 | 19-08-2013 | 22-04-2014 | 8 months | −1.2% |
From daily values since 02-01-2013, 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.
Kotak Dynamic Term Fund (Direct)
PGIM India 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.
Kotak Dynamic Term Fund (Direct)
PGIM India 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.
Kotak Dynamic Term Fund (Direct)
PGIM India Dynamic Term Fund (Direct)
Kotak Dynamic Term vs PGIM India Dynamic Term: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Dynamic Term Fund, September 2026; PGIM India Dynamic Term Fund, September 2026
Holdings in common
- Overlap
- 0.4%
- Held by both
- 1
- Only in Kotak Dynamic Term
- 32
- Only in PGIM India Dynamic Term
- 14
| Security | % of Kotak Dynamic Term | % of PGIM India Dynamic Term |
|---|---|---|
| SBI ALTERNATIVE INVESTMENT FUND | 0.40% | 0.52% |
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 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% |
Largest holdings only in PGIM India Dynamic Term Fund
| Security | % of fund |
|---|---|
| 6.94% Government of India | 16.30% |
| 6.59% Power Finance Corporation Ltd. | 9.15% |
| 6.65% Indian Railway Finance Corporation Ltd. | 6.77% |
| Canara Bank | 6.24% |
| 6.7% REC Ltd. | 6.17% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Dynamic Term | PGIM India Dynamic Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 76.9% | 62.9% |
| Cash and others | 23.1% | 37.1% |
Kotak Dynamic Term vs PGIM India Dynamic Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Dynamic Term Fund | PGIM India Dynamic Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.61% | 0.49% |
| Base expense ratio (Direct) | 0.50% | 0.40% |
| Total expense ratio (Regular) | 1.35% | 1.68% |
| Base expense ratio (Regular) | 1.13% | 1.41% |
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 PGIM India Dynamic Term Fund: Frequently Asked Questions
What is the difference between Kotak Dynamic Term Fund and PGIM India Dynamic Term Fund?
Both are Dynamic Bond funds, run by Kotak Mahindra Mutual Fund and PGIM India Mutual Fund. Their portfolios overlap 0.4%. Kotak Dynamic Term Fund charges 0.61% a year and PGIM India Dynamic Term Fund 0.49%.
Which has given higher returns, Kotak Dynamic Term Fund or PGIM India Dynamic Term Fund?
Over 1 year: Kotak Dynamic Term Fund +4.69%, PGIM India Dynamic Term Fund +2.22%. Over 3 years: Kotak Dynamic Term Fund +7.68% a year, PGIM India Dynamic Term Fund +6.79% a year. Over 5 years: Kotak Dynamic Term Fund +6.44% a year, PGIM India Dynamic Term Fund +5.98% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Dynamic Term Fund or PGIM India Dynamic Term Fund?
PGIM India Dynamic Term Fund charges less: 0.49% a year against 0.61%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Dynamic Term Fund and PGIM India Dynamic Term Fund overlap?
0.4%. They hold 1 of the same securities, the largest shared ones being SBI ALTERNATIVE INVESTMENT FUND. From each fund's latest monthly portfolio.
Which is riskier, Kotak Dynamic Term Fund or PGIM India Dynamic Term Fund?
On SEBI's riskometer, Kotak Dynamic Term Fund is rated Moderately High and PGIM India Dynamic Term Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 2.40% and 2.19% a year.
Which is better for SIP, Kotak Dynamic Term Fund or PGIM India Dynamic Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,25,164 in Kotak Dynamic Term Fund (XIRR 6.8% a year) and ₹7,09,671 in PGIM India Dynamic Term Fund (XIRR 5.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Kotak Dynamic Term Fund and PGIM India 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 Kotak Dynamic Term Fund and PGIM India Dynamic Term Fund?
Kotak Dynamic Term Fund: Deepak Agrawal, Abhishek Bisen. PGIM India Dynamic Term Fund: Puneet Pal, and Mr. Akhil Dhar.
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.