Kotak Long Term Fund vs Union Dynamic Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Long Term Fund is a Long Duration fund and Union Dynamic Term Fund is a Dynamic Bond fund. In the year to 30-10-2026, Kotak Long Term Fund (Direct) returned 0.2% and Union Dynamic Term Fund (Direct) returned −0.3%. Kotak Long Term Fund charges 0.32% a year and Union Dynamic Term Fund 1.31% (Direct plans). Their portfolios overlap 16.1%: they hold 2 of the same securities.
Kotak Long Term Fund
Long Duration
- 1 year return
- 0.2%
- Expense ratio
- 0.32%
- NAV
- ₹11.01
Union Dynamic Term Fund
Dynamic Bond
- 1 year return
- −0.3%
- Expense ratio
- 1.31%
- NAV
- ₹24.48
Which is better, Kotak Long Term or Union 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 Long Term returned more over 1 year: 0.2% against −0.3%.
- Kotak Long Term costs less: 0.32% a year against 1.31% (Direct plans).
- Union Dynamic Term fell less in its worst fall since 12-03-2024: −4.9% against −6.1%.
- Union Dynamic Term is the larger fund: ₹62 Cr against ₹49 Cr.
- Their portfolios overlap 16.1%: 2 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 Long Term Fund | Union Dynamic Term Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Union Mutual Fund |
| Category | Long Duration | Dynamic Bond |
| AUM | ₹49 Cr (30-09-2026) | ₹62 Cr (30-09-2026) |
| NAV | ₹11.01 (Direct) | ₹24.48 (Direct) |
| Expense ratio (Direct) | 0.32% | 1.31% |
| Expense ratio (Regular) | 0.59% | 1.53% |
| Riskometer | Moderate | Moderate |
| Benchmark | CRISIL Long Duration Debt A-III Index | CRISIL Dynamic Bond A-III Index. CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited (CR |
| Launch date | 11-03-2024 | 13-02-2012 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Abhishek Bisen | Parijat Agrawal, Devesh Thacker |
| Exit load | Nil | NIL |
Kotak Long Term vs Union 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 Long Term Fund (Direct) | −0.77% | −3.01% | +0.88% | +0.24% | -- | -- | -- |
| Union Dynamic Term Fund (Direct) | −1.14% | −1.96% | +0.48% | −0.31% | +4.74% | +3.96% | +5.07% |
| Long Duration average | −1.14% | −2.16% | +0.90% | +0.63% | -- | -- | -- |
| Dynamic Bond average | −0.48% | −0.66% | +1.80% | +3.05% | +6.70% | +5.98% | +6.68% |
Category average: the average of the 11 Long Duration funds and the 22 Dynamic Bond funds, same plan type.
Kotak Long Term vs Union Dynamic Term: Year-wise Returns
| Year | Kotak LongKotak Long Term | Union DynamicUnion Dynamic Term |
|---|---|---|
| 2026to date | +0.18% | −0.80% |
| 2025 | +2.79% | +4.30% |
| 2024 | -- | +8.80% |
| 2023 | -- | +6.75% |
| 2022 | -- | +0.53% |
| 2021 | -- | +2.24% |
Kotak Long Term vs Union Dynamic Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 395 of them, one for each trading day from 12-03-2025 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 Long Term Fund (Direct)
Union Dynamic Term Fund (Direct)
to
Apr 2025Aug 2024
to
Aug 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Jun 2025
to
Jun 2026Sept 2025
to
Sept 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 Long Term | 18.2 | 55.7 | 15.4 | 10.6 | 0.0 | 0.0 | 0.0 | 3.6% | 2.8% | −4.2% | 13.7% |
| Union Dynamic Term | 16.2 | 50.1 | 23.3 | 10.4 | 0.0 | 0.0 | 0.0 | 4.0% | 3.7% | −3.3% | 12.2% |
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 12-03-2024. Past returns do not promise future returns.
Kotak Long Term vs Union 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 12-03-2024 to 30-10-2026: 32 instalments, ₹3,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Long TermKotak Long Term Fund (Direct) | ₹3,20,000 | ₹3,27,233 | ₹7,233 | 1.6% |
| Union Dynamic TermUnion Dynamic Term Fund (Direct) | ₹3,20,000 | ₹3,26,981 | ₹6,981 | 1.6% |
Kotak Long TermKotak Long Term Fund (Direct)
Union Dynamic TermUnion 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 Long Term vs Union Dynamic Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Long Term Fund (Direct) | Union Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.24% | −0.31% |
| Standard deviation | 4.87% | 4.12% |
| Sharpe ratio | -1.03 | -1.35 |
| Sortino ratio | -1.38 | -1.79 |
| Maximum drawdown | −4.3% (23-10-2026) | −3.6% (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 | Kotak Long Term Fund (Direct) | Union Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.71% | +6.07% |
| Standard deviation | 4.27% | 3.25% |
| Sharpe ratio | -0.51 | 0.01 |
| Sortino ratio | -0.69 | 0.01 |
| Maximum drawdown | −6.1% (02-04-2026) | −6.8% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 12-03-2024 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 Long Term Fund (Direct)
Union Dynamic Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Long Term Fund (Direct) | −6.1% | 21-05-2025 | 02-04-2026 | 30-06-2026 | 3 months | −3.6% |
| Union Dynamic Term Fund (Direct) | −4.9% | 28-05-2025 | 02-04-2026 | 25-06-2026 | 3 months | −3.3% |
From daily values since 12-03-2024, 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 Long Term Fund (Direct)
Union Dynamic Term Fund (Direct)
Kotak Long Term vs Union Dynamic Term: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Long Term Fund, September 2026; Union Dynamic Term Fund, September 2026
Holdings in common
- Overlap
- 16.1%
- Held by both
- 2
- Only in Kotak Long Term
- 5
- Only in Union Dynamic Term
- 5
| Security | % of Kotak Long Term | % of Union Dynamic Term |
|---|---|---|
| Central Government - 2055 | 15.54% | 22.96% |
| SBI ALTERNATIVE INVESTMENT FUND | 1.04% | 0.54% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.1% means 16.1% 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 Long Term Fund
| Security | % of fund |
|---|---|
| GS CG 06/11/2037 - (STRIPS) | 18.81% |
| GS CG 25/05/2038 - (STRIPS) | 13.49% |
| GS CG 25/11/2038 - (STRIPS) | 12.99% |
| Central Government - 2035 | 9.78% |
| GS CG 22/10/2038 - (STRIPS) | 8.62% |
Largest holdings only in Union Dynamic Term Fund
| Security | % of fund |
|---|---|
| GOI 6.90% 2065 | 43.41% |
| Indian Railway Finance Corporation Ltd. | 8.18% |
| National Bank for Agriculture and Rural Development | 8.03% |
| REC Ltd. | 8.00% |
| 91 Day Treasury Bills | 0.10% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Long Term | Union Dynamic Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 79.2% | 90.7% |
| Cash and others | 20.8% | 9.3% |
Kotak Long Term vs Union Dynamic Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Long Term Fund | Union Dynamic Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.32% | 1.31% |
| Base expense ratio (Direct) | 0.26% | 1.11% |
| Total expense ratio (Regular) | 0.59% | 1.53% |
| Base expense ratio (Regular) | 0.49% | 1.31% |
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 Long Term with
Kotak Long Term Fund vs Union Dynamic Term Fund: Frequently Asked Questions
What is the difference between Kotak Long Term Fund and Union Dynamic Term Fund?
Kotak Long Term Fund is a Long Duration fund, Union Dynamic Term Fund is a Dynamic Bond fund, run by Kotak Mahindra Mutual Fund and Union Mutual Fund. Their portfolios overlap 16.1%. Kotak Long Term Fund charges 0.32% a year and Union Dynamic Term Fund 1.31%.
Which has given higher returns, Kotak Long Term Fund or Union Dynamic Term Fund?
Over 1 year: Kotak Long Term Fund +0.24%, Union Dynamic Term Fund −0.31%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Long Term Fund or Union Dynamic Term Fund?
Kotak Long Term Fund charges less: 0.32% a year against 1.31%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Long Term Fund and Union Dynamic Term Fund overlap?
16.1%. They hold 2 of the same securities, the largest shared ones being Central Government - 2055, SBI ALTERNATIVE INVESTMENT FUND. From each fund's latest monthly portfolio.
Which is riskier, Kotak Long Term Fund or Union Dynamic Term Fund?
On SEBI's riskometer, Kotak Long Term Fund is rated Moderate and Union Dynamic Term Fund Moderate. Over 1 years, the standard deviation of daily returns was 4.87% and 4.12% a year.
Can I invest in both Kotak Long Term Fund and Union Dynamic Term Fund?
Yes. 16.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Long Term Fund and Union Dynamic Term Fund?
Kotak Long Term Fund: Abhishek Bisen. Union Dynamic Term Fund: Parijat Agrawal, Devesh Thacker.
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.