HSBC Dynamic Term Fund

Dynamic BondDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

HSBC Dynamic Term Fund is a Dynamic Bond fund run by HSBC Mutual Fund. On 30-09-2026, it managed ₹119 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 5.9% a year. Its benchmark, NIFTY Composite Debt Index A-III, returned 6.3% a year over the same 3 years.

NAV (Direct plan): ₹33.17; ▼ 0.04%30-10-2026
NAV (Regular plan): ₹30.44; ▼ 0.04%30-10-2026
Expense ratio: 0.30%Direct0.83%Regular; 0.30%; A year
Riskometer: Moderate; Set by the fund house
3 year return: 6.5%Direct5.9%Regular; 6.5%; A year

HSBC Dynamic Term Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹33.17 (down 0.04% that day); Regular Plan Growth ₹30.44 (down 0.04% that day).

This fund (Direct plan)

₹33.1657

HSBC 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)	−0.37%	−0.84%	+1.59%	+2.45%	+6.47%	--	--
This fund (Regular)	−0.42%	−0.96%	+1.37%	+2.03%	+5.93%	--	--
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%	--	--
Best in Dynamic Bond	+0.28%	+0.95%	+4.47%	+6.90%	+8.03%	--	--
Worst in Dynamic Bond	−1.14%	−1.96%	−0.44%	−0.31%	+4.74%	--	--
Rank in Dynamic Bond	9/22	14/22	15/22	15/22	14/22	--	--

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.

HSBC Dynamic Term Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+1.88%	+1.55%
2025	+6.20%	+5.61%
2024	+9.35%	+8.72%
2023	+7.04%	+6.54%

HSBC 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 222 periods, one for each trading day from 28-11-2025 to 30-10-2026.

0%2%4%6%8%

Dec 2022
to
Dec 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Oct 2023
to
Oct 2026

HSBC 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	708	7.2%	0.2%	12.5%	0%	7.3%	35%
2 years	466	8.1%	4.4%	9.6%	0%	8.1%	27%
3 years	222	7.0%	6.3%	7.5%	0%	7.2%	0%

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	36	7.0%	0.2%	12.7%	0%	7.1%	28%
2 years	24	7.0%	3.7%	10.9%	0%	7.1%	33%

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.

HSBC Dynamic Term Fund Risk

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

Risk and return

Measure	HSBC Dynamic Term Fund (Direct)This fund	Category average
Return (CAGR)	+2.45%	+3.05%
Standard deviation	2.22%	1.89%
Sharpe ratio	-1.26	-1.17
Sortino ratio	-1.67	-1.57
Maximum drawdown	−1.8% (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	HSBC Dynamic Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.47%	+6.70%
Standard deviation	2.24%	1.95%
Sharpe ratio	0.20	0.35
Sortino ratio	0.28	0.49
Maximum drawdown	−2.0% (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	HSBC Dynamic Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.29%	+6.59%
Standard deviation	2.05%	1.80%
Sharpe ratio	0.06	0.23
Sortino ratio	0.08	0.32
Maximum drawdown	−2.0% (26-08-2025)	−1.7% (26-08-2025)

From daily NAVs, 28-11-2022 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.

−2%−1.5%−1%−0.5%0%

2023202420252026

HSBC 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
HSBC Dynamic Term Fund (Direct)	−2.0%	28-05-2025	26-08-2025	13-10-2025	48 days	−1.6%
Category average	−1.7%	28-05-2025	26-08-2025	07-10-2025	42 days	−1.4%

From the Direct plan's daily NAV since 28-11-2022, 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.

HSBC 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
HSBC Dynamic Term Fund	14/22	119	0.30%	+2.45%	+6.47%	--	--	0.20	0.28

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.

HSBC 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	0.23%	0.02%	0.01%	0.04%	0.30%	0.52%	3/22
Regular	0.68%	0.02%	0.01%	0.12%	0.83%	1.30%	4/22

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	2.03%	2.45%	0.42%	₹1,02,030	₹1,02,450
3 years	5.93%	6.47%	0.54% a year	₹1,18,866	₹1,20,693

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.

HSBC 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 28-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planHSBC Dynamic Term Fund (Direct)	₹4,80,000	₹5,34,219	₹54,219	5.3%
Regular planHSBC Dynamic Term Fund (Regular)	₹4,80,000	₹5,28,647	₹48,647	4.8%
Category averageCategory average, 22 Dynamic Bond funds	₹4,80,000	₹5,37,827	₹57,827	5.6%

₹0₹2.0 L₹4.0 L₹6.0 L

2023202420252026

Direct planHSBC Dynamic Term Fund (Direct)Regular planHSBC 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.

HSBC Dynamic Term Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

70.0%Debt

Asset	Fund	Category
Debt	70.0%	78.5%
Cash and others	30.0%	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	33.8%	41.1%
AAA and A1+	36.3%	29.6%

HSBC Dynamic Term Fund Portfolio Holdings

As on 30-09-2026 · 15 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
7.71% GOI 18-May-2066 · Government security	SOVEREIGN	8.63%
6.94% GOI 11-May-2036 · Government security	SOVEREIGN	8.49%
6.9% GOI 15-Apr-2065 · Government security	SOVEREIGN	7.40%
LIC Housing Finance Limited · Bond	CRISIL AAA	6.75%
Power Finance Corporation Limited · Bond	CRISIL AAA	6.49%
SIDBI · Bond	CRISIL AAA	6.04%
REC Limited · Bond	ICRA AAA	5.83%
6.48% GOI 06Oct2035 · Government security	SOVEREIGN	4.46%
Bharti Telecom Limited · Bond	CRISIL AAA	4.37%
NABARD · Bond	ICRA AAA	4.31%
6.8% Tamil Nadu SDL - 02-Jul-2035 · State government security	SOVEREIGN	4.01%
REC Limited · Bond	CRISIL AAA	2.50%
7.59% Gujarat SDL - 27-Aug-2041 · State government security	SOVEREIGN	0.64%
Corp Debt Mkt Devlop Fund (SBI AIF Fund)	AIF	0.54%
7.24% GOI 18-Aug-2055 · Government security	SOVEREIGN	0.12%

HSBC Dynamic Term Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
HSBC Medium to Long Term FundMedium to Long Duration · HSBC	41.3%	10	Compare
Mirae Asset Dynamic Term FundDynamic Bond · Mirae Asset	25.2%	5	Compare
SBI Long Term FundLong Duration · SBI	25.1%	4	Compare
DSP Dynamic Term FundDynamic Bond · DSP	20.7%	4	Compare
HSBC Medium Term FundMedium Duration · HSBC	18.5%	7	Compare
SBI Gilt FundGilt · SBI	17.7%	3	Compare
Invesco India Gilt FundGilt · Invesco	17.2%	3	Compare
UTI Dynamic Term FundDynamic Bond · UTI	16.7%	5	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.

HSBC Dynamic Term Fund Overview

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

Expense ratio (Direct): 0.30%
Expense ratio (Regular): 0.83%
Category: Dynamic Bond
Risk: Moderate
Benchmark: NIFTY Composite Debt Index A-III
Launch date: 30-08-2006
Minimum investment: ₹5,000
Minimum additional investment: ₹1,000
AUM: ₹119.09 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 151087
ISIN (Direct): INF917K01HA0
Scheme code (Regular): 151084
ISIN (Regular): INF677K01916
NAV history: From 28-11-2022, 3.9 years

Exit load: Nil

Tax on HSBC Dynamic Term Fund returns

HSBC 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	₹33.1657	30-10-2026
direct	Annual IDCW	₹10.7359	30-10-2026
direct	Monthly IDCW	₹12.5735	30-10-2026
regular	Growth	₹30.4363	30-10-2026
regular	Annual IDCW	₹10.1739	30-10-2026
regular	Monthly IDCW	₹10.5446	30-10-2026

About HSBC Dynamic Term Fund

HSBC Dynamic Term Fund is a mutual fund from HSBC Mutual Fund. Its category is Dynamic Bond. It was launched on 30-08-2006. Its benchmark is NIFTY Composite Debt Index A-III. At the end of September 2026 it held 15 securities.

Fund Manager

Mahesh Chhabria
Fund manager of HSBC Dynamic Term Fund, since 01-05-2024
Shriram Ramanathan
Fund manager of HSBC Dynamic Term Fund, since 02-02-2015

See all funds of HSBC Mutual Fund

AUM change

September 2026: ₹119.09 Cr; −1.69% from August 2026
August 2026: ₹121.14 Cr; −1.05% from July 2026
July 2026: ₹122.43 Cr; −0.74% from June 2026

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

Compare HSBC Dynamic Term Fund with Other Funds

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

HSBC Dynamic Term vs Bandhan Dynamic TermDynamic Bond
HSBC Dynamic Term vs 360 ONE Dynamic TermDynamic Bond
HSBC Dynamic Term vs Kotak Dynamic TermDynamic Bond
HSBC Dynamic Term vs Aditya Birla Sun Life Dynamic TermDynamic Bond
HSBC Dynamic Term vs SBI Dynamic TermDynamic Bond
HSBC Dynamic Term vs HSBC Medium to Long Term41.3% overlap
HSBC Dynamic Term vs Mirae Asset Dynamic Term25.2% overlap
HSBC Dynamic Term vs SBI Long Term25.1% overlap

Compare with any other fund

Frequently Asked Questions for HSBC Dynamic Term Fund

What is the current NAV of HSBC Dynamic Term Fund?

The Direct plan NAV is ₹33.1657. The Regular plan NAV is ₹30.4363, as on 30-10-2026.

What are the returns of HSBC Dynamic Term Fund?

The Direct plan returned +2.45% in 1 year, +6.47% a year over 3 years. The Regular plan returned +2.03% in 1 year, +5.93% a year over 3 years. These figures are as on 30-10-2026.

What is the expense ratio of HSBC Dynamic Term Fund?

The Direct plan charges 0.30% a year. The Regular plan charges 0.83% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.

What is the AUM of HSBC Dynamic Term Fund?

HSBC Dynamic Term Fund managed ₹119.09 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of HSBC Dynamic Term Fund?

At the end of September 2026 the largest holdings were 7.71% GOI 18-May-2066 (8.63%), 6.94% GOI 11-May-2036 (8.49%), 6.9% GOI 15-Apr-2065 (7.40%), LIC Housing Finance Limited (6.75%), Power Finance Corporation Limited (6.49%). The fund held 15 securities in all.

How do I invest in HSBC Dynamic Term Fund?

Through HSBC 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 ₹5,000. You can invest once or through a monthly SIP.

Who is the fund manager of HSBC Dynamic Term Fund?

Mahesh Chhabria (since 01-05-2024), Shriram Ramanathan (since 02-02-2015).

What is the exit load of HSBC 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.