HDFC Dynamic Term Fund

Dynamic BondDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

HDFC Dynamic Term Fund is a Dynamic Bond fund run by HDFC Mutual Fund. On 30-09-2026, it managed ₹480 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 6.5% a year and its Regular plan returned 5.8% a year. Its benchmark, NIFTY Composite Debt Index A-III, returned 6.3% a year over the same 3 years.

NAV (Direct plan): ₹102.71; ▲ 0.09%30-10-2026
NAV (Regular plan): ₹92.22; ▲ 0.09%30-10-2026
Expense ratio: 0.75%Direct1.40%Regular; 0.75%; A year
Riskometer: Moderately High; Set by the fund house
3 year return: 6.5%Direct5.8%Regular; 6.5%; A year

HDFC Dynamic Term Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹102.71 (up 0.09% that day); Regular Plan Growth ₹92.22 (up 0.09% that day).

This fund (Direct plan)

₹102.7088

HDFC Dynamic Term Fund Returns vs NIFTY Composite Debt Index A-III

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−0.49%	−0.71%	+2.27%	+3.27%	+6.47%	+5.72%	+5.92%
This fund (Regular)	−0.55%	−0.87%	+1.94%	+2.60%	+5.75%	+4.79%	+5.11%
NIFTY Composite Debt Index A-III	−0.51%	−0.72%	+1.82%	+2.59%	+6.26%	+5.39%	--
Dynamic Bond average	−0.48%	−0.66%	+1.80%	+3.05%	+6.70%	+5.98%	+6.68%
Best in Dynamic Bond	+0.28%	+0.95%	+4.47%	+6.90%	+8.03%	+7.47%	+7.73%
Worst in Dynamic Bond	−1.14%	−1.96%	−0.44%	−0.31%	+4.74%	+3.96%	+5.07%
Rank in Dynamic Bond	11/22	12/22	6/22	10/22	14/22	14/20	14/16

Category rows compare the Direct plans of 22 Dynamic Bond funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

HDFC Dynamic Term Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+2.73%	+2.17%
2025	+5.45%	+4.67%
2024	+9.25%	+8.55%
2023	+7.87%	+6.72%
2022	+2.83%	+1.57%
2021	+8.16%	+7.43%

HDFC Dynamic Term Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,620 periods, one for each trading day from 01-01-2016 to 30-10-2026.

0%5%10%15%

Nov 2013
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025

HDFC Dynamic Term Fund (Direct)Category average, 22 Dynamic Bond funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	3,097	7.6%	−0.2%	20.0%	0%	7.6%	42%
2 years	2,861	7.5%	1.9%	14.1%	0%	8.1%	46%
3 years	2,620	7.1%	2.9%	14.4%	0%	7.7%	41%
5 years	2,137	7.0%	5.0%	9.6%	0%	7.2%	31%
7 years	1,655	6.9%	5.2%	9.0%	0%	7.4%	8%
10 years	926	7.4%	5.9%	8.1%	0%	7.8%	0%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	154	7.4%	−0.8%	23.7%	3%	7.9%	42%
2 years	142	7.3%	1.2%	16.3%	0%	7.8%	46%
3 years	130	6.7%	2.4%	15.3%	0%	7.6%	45%
5 years	106	6.7%	5.2%	9.1%	0%	7.4%	40%
7 years	82	6.9%	6.0%	8.0%	0%	7.0%	32%
10 years	46	6.9%	6.2%	7.5%	0%	7.2%	0%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 22 Dynamic Bond funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

HDFC Dynamic Term Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	HDFC Dynamic Term Fund (Direct)This fund	Category average
Return (CAGR)	+3.27%	+3.05%
Standard deviation	2.67%	1.89%
Sharpe ratio	-0.74	-1.17
Sortino ratio	-1.00	-1.57
Maximum drawdown	−2.3% (23-10-2026)	−1.6% (23-10-2026)

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.

Measure	HDFC Dynamic Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.47%	+6.70%
Standard deviation	2.33%	1.95%
Sharpe ratio	0.19	0.35
Sortino ratio	0.26	0.49
Maximum drawdown	−2.6% (26-08-2025)	−1.7% (26-08-2025)

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.

Measure	HDFC Dynamic Term Fund (Direct)This fund	Category average
Return (CAGR)	+5.72%	+5.96%
Standard deviation	2.07%	1.77%
Sharpe ratio	-0.04	0.09
Sortino ratio	-0.05	0.13
Maximum drawdown	−2.6% (26-08-2025)	−1.7% (26-08-2025)

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.

Measure	HDFC Dynamic Term Fund (Direct)This fund	Category average
Return (CAGR)	+5.92%	+6.59%
Standard deviation	3.01%	2.28%
Sharpe ratio	0.17	0.52
Sortino ratio	0.28	0.76
Maximum drawdown	−4.3% (10-03-2017)	−2.8% (10-03-2017)

From daily NAVs, 28-10-2016 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.

Measure	HDFC Dynamic Term Fund (Direct)This fund	Category average
Return (CAGR)	+7.36%	+7.61%
Standard deviation	3.33%	2.49%
Sharpe ratio	0.39	0.63
Sortino ratio	0.60	0.91
Maximum drawdown	−7.5% (19-08-2013)	−4.7% (19-08-2013)

From daily NAVs, 01-01-2013 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.

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.

−8%−6%−4%−2%0%

2014201620182020202220242026

HDFC Dynamic Term Fund (Direct)Category average, 22 Dynamic Bond funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
HDFC Dynamic Term Fund (Direct)	−7.5%	28-05-2013	19-08-2013	24-03-2014	7 months	−1.9%
Category average	−4.7%	28-05-2013	19-08-2013	09-01-2014	5 months	−1.4%

From the Direct plan's daily NAV since 01-01-2013, adjusted for unit splits, and the average of the 22 Dynamic Bond funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

HDFC Dynamic Term Fund vs Other Dynamic Bond Funds

The five Dynamic Bond funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Bandhan Dynamic Term Fund	1/22	1,910	0.79%	+6.90%	+8.03%	--	--	0.61	0.88	Compare
360 ONE Dynamic Term Fund	2/22	549	0.34%	+3.58%	+7.74%	--	--	1.01	1.44	Compare
Kotak Dynamic Term Fund	3/22	2,219	0.61%	+4.69%	+7.68%	--	--	0.69	0.97	Compare
Aditya Birla Sun Life Dynamic Term Fund	4/22	1,370	0.64%	+4.53%	+7.59%	--	--	0.78	1.12	Compare
SBI Dynamic Term Fund	5/22	3,502	0.64%	+5.03%	+7.43%	--	--	0.72	1.05	Compare
HDFC Dynamic Term Fund	14/22	480	0.75%	+3.27%	+6.47%	--	--	0.19	0.26

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

HDFC Dynamic Term Fund Expense Ratio and Costs

What each plan charges a year, in force from 01-09-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Dynamic Bond median	Cost rank (1 = cheapest)
Direct	0.63%	0.01%	0.00%	0.11%	0.75%	0.52%	20/22
Regular	1.18%	0.01%	0.00%	0.21%	1.40%	1.30%	16/22

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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Dynamic Bond funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	2.60%	3.27%	0.67%	₹1,02,600	₹1,03,270
3 years	5.75%	6.47%	0.72% a year	₹1,18,261	₹1,20,693
5 years	4.79%	5.72%	0.93% a year	₹1,26,357	₹1,32,064
10 years	5.11%	5.92%	0.81% a year	₹1,64,604	₹1,77,738

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

HDFC Dynamic Term Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planHDFC Dynamic Term Fund (Direct)	₹16,60,000	₹26,85,159	₹10,25,159	6.7%
Regular planHDFC Dynamic Term Fund (Regular)	₹16,60,000	₹25,21,876	₹8,61,876	5.8%
Category averageCategory average, 22 Dynamic Bond funds	₹16,60,000	₹27,42,378	₹10,82,378	6.9%

₹0₹10.0 L₹20.0 L₹30.0 L

2014201620182020202220242026

Direct planHDFC Dynamic Term Fund (Direct)Regular planHDFC Dynamic Term Fund (Regular)Category averageCategory average, 22 Dynamic Bond fundsAmount invested

From each plan's published NAV (Growth option) and the category average, 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.

HDFC Dynamic Term Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

73.9%Debt

Asset	Fund	Category
Debt	73.9%	78.5%
Cash and others	26.1%	21.5%

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 22 Dynamic Bond funds.

Rating	Fund	Category
Sovereign	46.9%	41.1%
AAA and A1+	27.1%	29.6%

HDFC Dynamic Term Fund Portfolio Holdings

As on 30-09-2026 · 34 holdings · from the fund house's monthly portfolio

Holdings	Sector / Rating	Weight%
7.34% GOI MAT 220464 · Government security	Sovereign	14.70%
REC Limited. · Bond	CRISIL - AAA	5.34%
National Bank for Agri & Rural Dev. · Bond	CRISIL - AAA	5.19%
Small Industries Development Bank · Bond	CRISIL - AAA	5.09%
Union Bank of India · Certificate of deposit	IND - A1+	5.09%
6.9% GOI MAT 150465 · Government security	Sovereign	4.67%
Indus Infra Trust	Transport Infrastructure	4.42%
6.94% GOI MAT 110536 · Government security	Sovereign	4.10%
7.27% Gujarat SDL ISD 171225 MAT 171234 · State government security	Sovereign	4.05%
Pipeline Infrastructure Pvt. Ltd. · Bond	CRISIL - AAA	3.14%
Small Industries Development Bank · Bond	CRISIL - AAA	3.11%
Cube Highways Trust	Transport Infrastructure	2.21%
7.64% Gujarat SDL ISD 170124 MAT 170133 · State government security	Sovereign	2.08%
7.22% Madhya Pradesh SDL ISD 060825 Mat 060843 · State government security	Sovereign	1.94%
RAAJMARG INFRA INVESTMENT TRUST	Transport Infrastructure	1.72%
POWERGRID Infrastructure Investment Trust	Power	1.66%
7.22% Madhya Pradesh ISD 060825 MAT 060848 · State government security	Sovereign	1.61%
7.63% Gujarat SDL ISD 240124 Mat 240134 · State government security	Sovereign	1.04%
7.63% Gujarat SDL ISD 240124 Mat 240133 · State government security	Sovereign	1.04%
7.64% % Gujarat SDL ISD 170124 Mat 170134 · State government security	Sovereign	1.04%
7.67% Haryana SDL MAT 250241 · State government security	Sovereign	1.02%
7.39% TAMIL NADU SDL - Mat 150734 · State government security	Sovereign	1.02%
7.72% Bihar SDL - MAT 250241 · State government security	Sovereign	1.02%
7.63% Andhra Pradesh SDL ISD 030925 MAT 030937 · State government security	Sovereign	1.02%
7.48% Uttar Pradesh SDL ISD 200324 Mat 200336 · State government security	Sovereign	1.01%
7.20% Maharashtra SDL MAT 231036 · State government security	Sovereign	1.00%
7.48% Madhya Pradesh MAT 011045 · State government security	Sovereign	0.99%
7.29% Rajasthan SDL ISD 191125 Mat 191137 · State government security	Sovereign	0.99%
6.67% GOI MAT 151235 · Government security	Sovereign	0.96%
7.48% Andhra Pradesh SDL ISD 030925 MAT 030933 · State government security	Sovereign	0.82%
7.62% Andhra Pradesh SDL ISD 030925 MAT 030936 · State government security	Sovereign	0.70%
Corporate Debt Market Development Fund		0.51%
LIC Housing Finance Ltd. · Bond	CRISIL - AAA	0.12%
7.03% Haryana SDL ISD 110625 MAT 110639 · State government security	Sovereign	0.04%

HDFC Dynamic Term Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
HDFC Gilt FundGilt · HDFC	36.2%	21	Compare
ICICI Prudential Medium to Long Term FundMedium to Long Duration · ICICI Prudential	22.2%	8	Compare
ICICI Prudential Long Term FundLong Duration · ICICI Prudential	20.8%	4	Compare
ICICI Prudential Long Term Bond FundLong Duration · ICICI Prudential	20.8%	4	Compare
ICICI Prudential Retirement Fund Pure Debt PlanSolution · ICICI Prudential	20.7%	3	Compare
ICICI Prudential Gilt FundGilt · ICICI Prudential	18.2%	5	Compare
Nippon India Gilt FundGilt · Nippon India	17.2%	4	Compare
Axis Retirement Fund - Conservative PlanSolution · Axis	16.6%	2	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

HDFC Dynamic Term Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.75%
Expense ratio (Regular): 1.40%
Category: Dynamic Bond
Risk: Moderately High
Benchmark: NIFTY Composite Debt Index A-III
Launch date: 28-04-1997
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹479.92 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 119075
ISIN (Direct): INF179K01WB4
Scheme code (Regular): 101872
ISIN (Regular): INF179K01848
NAV history: From 01-01-2013, 13.8 years

Exit load: NIL

Tax on HDFC Dynamic Term Fund returns

HDFC Dynamic Term Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹102.7088	30-10-2026
direct	Half Yearly IDCW	₹13.6804	30-10-2026
direct	Normal IDCW	₹21.626	30-10-2026
direct	Quarterly IDCW	₹14.0919	30-10-2026
direct	Yearly IDCW	₹15.314	30-10-2026
regular	Growth	₹92.2214	30-10-2026
regular	Half Yearly IDCW	₹11.6234	30-10-2026
regular	Normal IDCW	₹19.7573	30-10-2026
regular	Quarterly IDCW	₹12.5676	30-10-2026
regular	Yearly IDCW	₹13.6496	30-10-2026

About HDFC Dynamic Term Fund

HDFC Dynamic Term Fund is a mutual fund from HDFC Mutual Fund. Its category is Dynamic Bond. It was launched on 28-04-1997. Its benchmark is NIFTY Composite Debt Index A-III. At the end of September 2026 it held 34 securities.

Fund Manager

Anil Bamboli
Fund manager of HDFC Dynamic Term Fund, since 16-02-2004
Gopal Agrawal
Fund manager of HDFC Dynamic Term Fund, since 01-09-2026

See all funds of HDFC Mutual Fund

AUM change

September 2026: ₹479.92 Cr; −3.01% from August 2026
August 2026: ₹494.82 Cr; −5.68% from July 2026
July 2026: ₹524.64 Cr; −1.31% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare HDFC Dynamic Term Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

HDFC Dynamic Term vs Bandhan Dynamic TermDynamic Bond
HDFC Dynamic Term vs 360 ONE Dynamic TermDynamic Bond
HDFC Dynamic Term vs Kotak Dynamic TermDynamic Bond
HDFC Dynamic Term vs Aditya Birla Sun Life Dynamic TermDynamic Bond
HDFC Dynamic Term vs SBI Dynamic TermDynamic Bond
HDFC Dynamic Term vs HDFC Gilt36.2% overlap
HDFC Dynamic Term vs ICICI Prudential Medium to Long Term22.2% overlap
HDFC Dynamic Term vs ICICI Prudential Long Term20.8% overlap

Compare with any other fund

Frequently Asked Questions for HDFC Dynamic Term Fund

What is the current NAV of HDFC Dynamic Term Fund?

The Direct plan NAV is ₹102.7088. The Regular plan NAV is ₹92.2214, as on 30-10-2026.

What are the returns of HDFC Dynamic Term Fund?

The Direct plan returned +3.27% in 1 year, +6.47% a year over 3 years, +5.72% a year over 5 years. The Regular plan returned +2.60% in 1 year, +5.75% a year over 3 years, +4.79% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of HDFC Dynamic Term Fund?

The Direct plan charges 0.75% a year. The Regular plan charges 1.40% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.

What is the AUM of HDFC Dynamic Term Fund?

HDFC Dynamic Term Fund managed ₹479.92 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of HDFC Dynamic Term Fund?

At the end of September 2026 the largest holdings were 7.34% GOI MAT 220464 (14.70%), REC Limited. (5.34%), National Bank for Agri & Rural Dev. (5.19%), Small Industries Development Bank (5.09%), Union Bank of India (5.09%). The fund held 34 securities in all.

How do I invest in HDFC Dynamic Term Fund?

Through HDFC Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.

Who is the fund manager of HDFC Dynamic Term Fund?

Anil Bamboli (since 16-02-2004), Gopal Agrawal (since 01-09-2026).

What is the exit load of HDFC Dynamic Term Fund?

NIL

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

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.