PGIM India Corporate Bond Fund vs PGIM India Dynamic Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
PGIM India Corporate Bond Fund is a Corporate Bond fund and PGIM India Dynamic Term Fund is a Dynamic Bond fund. In the 3 years to 30-10-2026, PGIM India Corporate Bond Fund (Direct) returned 6.9% a year and PGIM India Dynamic Term Fund (Direct) returned 6.8% a year. PGIM India Corporate Bond Fund charges 0.37% a year and PGIM India Dynamic Term Fund 0.49% (Direct plans). Their portfolios overlap 18.5%: they hold 6 of the same securities.
PGIM India Corporate Bond Fund
Corporate Bond
- 3 year return
- 6.9%
- Expense ratio
- 0.37%
- NAV
- ₹50.96
PGIM India Dynamic Term Fund
Dynamic Bond
- 3 year return
- 6.8%
- Expense ratio
- 0.49%
- NAV
- ₹3,095.43
Which is better, PGIM India Corporate Bond 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.
- PGIM India Corporate Bond returned more over 5 years: 6.2% a year against 6.0%.
- PGIM India Corporate Bond returned more over 3 years: 6.9% a year against 6.8%.
- PGIM India Corporate Bond costs less: 0.37% a year against 0.49% (Direct plans).
- PGIM India Corporate Bond swung less over 3 years: a standard deviation of 1.1% a year against 2.2%.
- PGIM India Corporate Bond fell less in its worst fall since 08-03-2016: −3.1% against −3.4%.
- PGIM India Corporate Bond is the larger fund: ₹84 Cr against ₹78 Cr.
- Their portfolios overlap 18.5%: 6 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 | PGIM India Corporate Bond Fund | PGIM India Dynamic Term Fund |
|---|---|---|
| Fund house | PGIM India Mutual Fund | PGIM India Mutual Fund |
| Category | Corporate Bond | Dynamic Bond |
| AUM | ₹84 Cr (30-09-2026) | ₹78 Cr (30-09-2026) |
| NAV | ₹50.96 (Direct) | ₹3,095.43 (Direct) |
| Expense ratio (Direct) | 0.37% | 0.49% |
| Expense ratio (Regular) | 0.96% | 1.68% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL Corporate Debt A-II Index | CRISIL Dynamic Bond A-III Index |
| Launch date | 30-01-2003 | 12-01-2012 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Puneet Pal, and Mr. Akhil Dhar | Puneet Pal, and Mr. Akhil Dhar |
| Exit load | NIL | NIL |
PGIM India Corporate Bond 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 |
|---|---|---|---|---|---|---|---|
| PGIM India Corporate Bond Fund (Direct) | −0.24% | −0.10% | +2.07% | +3.49% | +6.86% | +6.19% | +6.80% |
| PGIM India Dynamic Term Fund (Direct) | −0.28% | −0.62% | +1.62% | +2.22% | +6.79% | +5.98% | +7.20% |
| Corporate Bond average | −0.24% | +0.05% | +2.31% | +4.00% | +7.02% | +6.20% | +6.98% |
| Dynamic Bond average | −0.48% | −0.66% | +1.80% | +3.05% | +6.70% | +5.98% | +6.68% |
Category average: the average of the 21 Corporate Bond funds and the 22 Dynamic Bond funds, same plan type.
PGIM India Corporate Bond vs PGIM India Dynamic Term: Year-wise Returns
| Year | Corporate BondPGIM India Corporate Bond | Dynamic TermPGIM India Dynamic Term |
|---|---|---|
| 2026to date | +2.80% | +1.73% |
| 2025 | +8.16% | +6.51% |
| 2024 | +8.36% | +10.38% |
| 2023 | +7.19% | +7.47% |
| 2022 | +3.86% | +3.62% |
| 2021 | +4.73% | +3.59% |
PGIM India Corporate Bond vs PGIM India Dynamic Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,852 of them, one for each trading day from 08-03-2019 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.
PGIM India Corporate Bond Fund (Direct)
PGIM India Dynamic Term Fund (Direct)
to
Oct 2019Feb 2018
to
Feb 2021May 2019
to
May 2022Sept 2020
to
Sept 2023Dec 2021
to
Dec 2024Mar 2023
to
Mar 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PGIM India Corporate Bond | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.1% | 7.2% | 5.1% | 9.0% |
| PGIM India Dynamic Term | 0.0 | 6.8 | 91.8 | 1.3 | 0.0 | 0.0 | 0.0 | 7.6% | 7.9% | 4.4% | 10.3% |
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 08-03-2016. Past returns do not promise future returns.
PGIM India Corporate Bond 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 08-03-2016 to 30-10-2026: 128 instalments, ₹12,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| PGIM India Corporate BondPGIM India Corporate Bond Fund (Direct) | ₹12,80,000 | ₹18,47,081 | ₹5,67,081 | 6.7% |
| PGIM India Dynamic TermPGIM India Dynamic Term Fund (Direct) | ₹12,80,000 | ₹18,43,211 | ₹5,63,211 | 6.6% |
PGIM India Corporate BondPGIM India Corporate Bond 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.
PGIM India Corporate Bond 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 | PGIM India Corporate Bond Fund (Direct) | PGIM India Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.49% | +2.22% |
| Standard deviation | 1.42% | 2.09% |
| Sharpe ratio | -1.24 | -1.45 |
| Sortino ratio | -1.68 | -1.95 |
| Maximum drawdown | −0.7% (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 | PGIM India Corporate Bond Fund (Direct) | PGIM India Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.86% | +6.79% |
| Standard deviation | 1.15% | 2.19% |
| Sharpe ratio | 0.73 | 0.35 |
| Sortino ratio | 1.07 | 0.51 |
| Maximum drawdown | −0.7% (23-10-2026) | −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 | PGIM India Corporate Bond Fund (Direct) | PGIM India Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.19% | +5.98% |
| Standard deviation | 1.02% | 1.86% |
| Sharpe ratio | 0.38 | 0.10 |
| Sortino ratio | 0.53 | 0.14 |
| Maximum drawdown | −0.7% (23-10-2026) | −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 | PGIM India Corporate Bond Fund (Direct) | PGIM India Dynamic Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.08% | +7.81% |
| Standard deviation | 1.49% | 2.71% |
| Sharpe ratio | 1.09 | 0.65 |
| Sortino ratio | 1.72 | 0.95 |
| Maximum drawdown | −3.1% (23-03-2020) | −4.1% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 08-03-2016 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.
PGIM India Corporate Bond 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 |
|---|---|---|---|---|---|---|
| PGIM India Corporate Bond Fund (Direct) | −3.1% | 09-03-2020 | 23-03-2020 | 21-04-2020 | 29 days | −0.6% |
| PGIM India Dynamic Term Fund (Direct) | −3.4% | 09-03-2020 | 23-03-2020 | 23-04-2020 | 31 days | −1.2% |
From daily values since 08-03-2016, 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.
PGIM India Corporate Bond 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.
PGIM India Corporate Bond 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.
PGIM India Corporate Bond Fund (Direct)
PGIM India Dynamic Term Fund (Direct)
PGIM India Corporate Bond vs PGIM India Dynamic Term: Portfolio Overlap
From each fund's latest monthly portfolio: PGIM India Corporate Bond Fund, September 2026; PGIM India Dynamic Term Fund, September 2026
Holdings in common
- Overlap
- 18.5%
- Held by both
- 6
- Only in PGIM India Corporate Bond
- 15
- Only in PGIM India Dynamic Term
- 9
| Security | % of PGIM India Corporate Bond | % of PGIM India Dynamic Term |
|---|---|---|
| 6.94% Government of India | 5.82% | 16.30% |
| 6.7% REC Ltd. | 5.74% | 6.17% |
| 6.65% Indian Railway Finance Corporation Ltd. | 5.14% | 6.77% |
| 7.26% Government of India | 0.72% | 0.74% |
| 8.01% REC Ltd. | 0.60% | 3.21% |
| SBI CDMDF--A2 | 0.48% | 0.52% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.5% means 18.5% 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 PGIM India Corporate Bond Fund
| Security | % of fund |
|---|---|
| 8.2% Aditya Birla Housing Finance Ltd. | 5.93% |
| 7.9% Bajaj Housing Finance Ltd. | 5.90% |
| 7.68% National Bank for Agriculture & Rural Development | 5.90% |
| 8.52% Muthoot Finance Ltd. | 5.89% |
| 7.38% Power Finance Corporation Ltd. | 5.79% |
Largest holdings only in PGIM India Dynamic Term Fund
| Security | % of fund |
|---|---|
| 6.59% Power Finance Corporation Ltd. | 9.15% |
| Canara Bank | 6.24% |
| 7.18% Government of India | 5.08% |
| Punjab National Bank | 4.95% |
| HSBC InvestDirect Financial Ser Ind Ltd. | 2.52% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | PGIM India Corporate Bond | PGIM India Dynamic Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 79.9% | 62.9% |
| Cash and others | 20.1% | 37.1% |
PGIM India Corporate Bond vs PGIM India Dynamic Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | PGIM India Corporate Bond Fund | PGIM India Dynamic Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.37% | 0.49% |
| Base expense ratio (Direct) | 0.31% | 0.40% |
| Total expense ratio (Regular) | 0.96% | 1.68% |
| Base expense ratio (Regular) | 0.81% | 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 PGIM India Corporate Bond with
PGIM India Corporate Bond Fund vs PGIM India Dynamic Term Fund: Frequently Asked Questions
What is the difference between PGIM India Corporate Bond Fund and PGIM India Dynamic Term Fund?
PGIM India Corporate Bond Fund is a Corporate Bond fund, PGIM India Dynamic Term Fund is a Dynamic Bond fund, run by PGIM India Mutual Fund. Their portfolios overlap 18.5%. PGIM India Corporate Bond Fund charges 0.37% a year and PGIM India Dynamic Term Fund 0.49%.
Which has given higher returns, PGIM India Corporate Bond Fund or PGIM India Dynamic Term Fund?
Over 1 year: PGIM India Corporate Bond Fund +3.49%, PGIM India Dynamic Term Fund +2.22%. Over 3 years: PGIM India Corporate Bond Fund +6.86% a year, PGIM India Dynamic Term Fund +6.79% a year. Over 5 years: PGIM India Corporate Bond Fund +6.19% 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, PGIM India Corporate Bond Fund or PGIM India Dynamic Term Fund?
PGIM India Corporate Bond Fund charges less: 0.37% a year against 0.49%. These are the Direct plans' total expense ratios reported to AMFI.
How much do PGIM India Corporate Bond Fund and PGIM India Dynamic Term Fund overlap?
18.5%. They hold 6 of the same securities, the largest shared ones being 6.94% Government of India, 6.7% REC Ltd., 6.65% Indian Railway Finance Corporation Ltd.. From each fund's latest monthly portfolio.
Which is riskier, PGIM India Corporate Bond Fund or PGIM India Dynamic Term Fund?
On SEBI's riskometer, PGIM India Corporate Bond Fund is rated Low to Moderate and PGIM India Dynamic Term Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 1.15% and 2.19% a year.
Which is better for SIP, PGIM India Corporate Bond 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 ₹7,17,441 in PGIM India Corporate Bond Fund (XIRR 6.3% 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 PGIM India Corporate Bond Fund and PGIM India Dynamic Term Fund?
Yes. 18.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages PGIM India Corporate Bond Fund and PGIM India Dynamic Term Fund?
PGIM India Corporate Bond Fund: Puneet Pal, and Mr. Akhil Dhar. 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.