Union Dynamic Term Fund

Dynamic BondDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Union Dynamic Term Fund is a Dynamic Bond fund run by Union Mutual Fund. On 30-09-2026, it managed ₹62 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 4.7% a year and its Regular plan returned 4.5% a year.

NAV (Direct plan): ₹24.48; ▼ 0.07%30-10-2026
NAV (Regular plan): ₹23.08; ▼ 0.07%30-10-2026
Expense ratio: 1.31%Direct1.53%Regular; 1.31%; A year
Riskometer: Moderate; Set by the fund house
3 year return: 4.7%Direct4.5%Regular; 4.7%; A year

Union Dynamic Term Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹24.48 (down 0.07% that day); Regular Plan Growth ₹23.08 (down 0.07% that day).

This fund (Direct plan)

₹24.4753

Union Dynamic Term Fund Returns vs Dynamic Bond Funds

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)	−1.14%	−1.96%	+0.48%	−0.31%	+4.74%	+3.96%	+5.07%
This fund (Regular)	−1.16%	−2.03%	+0.34%	−0.60%	+4.45%	+3.69%	+4.74%
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	22/22	22/22	20/22	22/22	22/22	20/20	16/16

Category rows compare the Direct plans of 22 Dynamic Bond funds. Rank 1 is the highest return. This fund's benchmark is CRISIL Dynamic Bond A-III Index. CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited (CR. Returns of that index are not available to us, so the category average is the comparison.

Union Dynamic Term Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	−0.80%	−1.04%
2025	+4.30%	+4.00%
2024	+8.80%	+8.52%
2023	+6.75%	+6.52%
2022	+0.53%	+0.29%
2021	+2.24%	+2.00%

Union 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 2,618 periods, one for each trading day from 04-01-2016 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

Union 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	3,094	6.5%	−3.3%	15.9%	6%	7.6%	14%
2 years	2,859	7.0%	1.1%	12.2%	0%	8.1%	11%
3 years	2,618	6.3%	2.6%	12.2%	0%	7.7%	12%
5 years	2,135	6.3%	3.9%	8.4%	0%	7.2%	0%
7 years	1,653	6.2%	4.7%	8.7%	0%	7.4%	0%
10 years	925	6.5%	5.0%	7.1%	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	6.1%	−5.8%	20.1%	9%	7.9%	14%
2 years	142	6.9%	−0.1%	13.9%	1%	7.8%	14%
3 years	130	6.6%	2.0%	13.0%	0%	7.6%	14%
5 years	106	5.9%	3.6%	8.8%	0%	7.4%	0%
7 years	82	5.9%	4.1%	8.6%	0%	7.0%	0%
10 years	46	6.0%	4.8%	6.7%	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.

Union Dynamic Term Fund Risk

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

Risk and return

Measure	Union Dynamic Term Fund (Direct)This fund	Category average
Return (CAGR)	−0.31%	+3.05%
Standard deviation	4.12%	1.89%
Sharpe ratio	-1.35	-1.17
Sortino ratio	-1.79	-1.57
Maximum drawdown	−3.6% (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	Union Dynamic Term Fund (Direct)This fund	Category average
Return (CAGR)	+4.74%	+6.70%
Standard deviation	3.25%	1.95%
Sharpe ratio	-0.40	0.35
Sortino ratio	-0.53	0.49
Maximum drawdown	−4.9% (02-04-2026)	−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	Union Dynamic Term Fund (Direct)This fund	Category average
Return (CAGR)	+3.96%	+5.96%
Standard deviation	2.79%	1.77%
Sharpe ratio	-0.66	0.09
Sortino ratio	-0.88	0.13
Maximum drawdown	−4.9% (02-04-2026)	−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	Union Dynamic Term Fund (Direct)This fund	Category average
Return (CAGR)	+5.07%	+6.59%
Standard deviation	3.09%	2.28%
Sharpe ratio	-0.11	0.52
Sortino ratio	-0.15	0.76
Maximum drawdown	−4.9% (02-04-2026)	−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	Union Dynamic Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.07%	+7.61%
Standard deviation	3.25%	2.49%
Sharpe ratio	0.01	0.63
Sortino ratio	0.01	0.91
Maximum drawdown	−6.8% (19-08-2013)	−4.7% (19-08-2013)

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.

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

Union 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
Union Dynamic Term Fund (Direct)	−6.8%	27-05-2013	19-08-2013	23-05-2014	9 months	−3.3%
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 02-01-2013, 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.

Union 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
Union Dynamic Term Fund	22/22	62	1.31%	−0.31%	+4.74%	--	--	-0.40	-0.53

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.

Union Dynamic Term Fund Expense Ratio and Costs

What each plan charges a year, in force from 22-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Dynamic Bond median	Cost rank (1 = cheapest)
Direct	1.11%	0.00%	0.00%	0.20%	1.31%	0.52%	22/22
Regular	1.31%	0.00%	0.00%	0.22%	1.53%	1.30%	17/22

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	−0.60%	−0.31%	0.29%	₹99,400	₹99,690
3 years	4.45%	4.74%	0.29% a year	₹1,13,953	₹1,14,905
5 years	3.69%	3.96%	0.27% a year	₹1,19,863	₹1,21,431
10 years	4.74%	5.07%	0.33% a year	₹1,58,901	₹1,63,979

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.

Union 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planUnion Dynamic Term Fund (Direct)	₹16,60,000	₹24,38,711	₹7,78,711	5.4%
Regular planUnion Dynamic Term Fund (Regular)	₹16,60,000	₹23,74,374	₹7,14,374	5.0%
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 planUnion Dynamic Term Fund (Direct)Regular planUnion 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.

Union Dynamic Term Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

90.7%Debt

Asset	Fund	Category
Debt	90.7%	78.5%
Cash and others	9.3%	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	66.5%	41.1%
AAA and A1+	24.2%	29.6%

Union Dynamic Term Fund Portfolio Holdings

As on 30-09-2026 · 7 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
GOI 6.90% 2065 · Government security	Sovereign	43.41%
GOI 7.24% 2055 · Government security	Sovereign	22.96%
Indian Railway Finance Corporation Ltd. · Bond	CRISIL AAA	8.18%
National Bank for Agriculture and Rural Development · Bond	[ICRA]AAA	8.03%
REC Ltd. · Bond	[ICRA]AAA	8.00%
Corporate Debt Mkt Devp. Fund-A2	Alternative Investment Fund	0.54%
91 Day Treasury Bills · Government security	Sovereign	0.10%

Union Dynamic Term Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
UTI Long Term FundLong Duration · UTI	66.9%	3	Compare
Union Gilt FundGilt · Union	53.0%	2	Compare
UTI - Gilt FundGilt · UTI	52.6%	2	Compare
Tata Gilt FundGilt · Tata	40.8%	1	Compare
UTI Dynamic Term FundDynamic Bond · UTI	32.3%	3	Compare
Edelweiss Gilt FundGilt · Edelweiss	30.6%	3	Compare
Kotak Gilt FundGilt · Kotak Mahindra	30.3%	3	Compare
Mirae Asset Long Term FundLong Duration · Mirae Asset	29.3%	3	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.

Union Dynamic Term Fund Overview

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

Expense ratio (Direct): 1.31%
Expense ratio (Regular): 1.53%
Category: Dynamic Bond
Risk: Moderate
Launch date: 13-02-2012
Minimum investment: ₹1,000
Minimum additional investment: ₹1,000
AUM: ₹62.00 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 119311
ISIN (Direct): INF582M01799
Scheme code (Regular): 116555
ISIN (Regular): INF582M01336
NAV history: From 02-01-2013, 13.8 years

Benchmark: CRISIL Dynamic Bond A-III Index. CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited (CR
Exit load: NIL

Tax on Union Dynamic Term Fund returns

Union 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	₹24.4753	30-10-2026
direct	IDCW	₹16.3943	30-10-2026
regular	Growth	₹23.0832	30-10-2026
regular	IDCW	₹15.3896	30-10-2026

About Union Dynamic Term Fund

Union Dynamic Term Fund is a mutual fund from Union Mutual Fund. Its category is Dynamic Bond. It was launched on 13-02-2012. Its benchmark is CRISIL Dynamic Bond A-III Index. CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited (CR. At the end of September 2026 it held 7 securities.

Fund Manager

Parijat Agrawal
Fund manager of Union Dynamic Term Fund, since 13-02-2012
Devesh Thacker
Fund manager of Union Dynamic Term Fund, since 28-06-2018

See all funds of Union Mutual Fund

AUM change

September 2026: ₹62.00 Cr; −0.96% from August 2026
August 2026: ₹62.60 Cr; −2.43% from July 2026
July 2026: ₹64.16 Cr; −7.70% from June 2026

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

Compare Union Dynamic Term Fund with Other Funds

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

Union Dynamic Term vs Bandhan Dynamic TermDynamic Bond
Union Dynamic Term vs 360 ONE Dynamic TermDynamic Bond
Union Dynamic Term vs Kotak Dynamic TermDynamic Bond
Union Dynamic Term vs Aditya Birla Sun Life Dynamic TermDynamic Bond
Union Dynamic Term vs SBI Dynamic TermDynamic Bond
Union Dynamic Term vs UTI Long Term66.9% overlap
Union Dynamic Term vs Union Gilt53.0% overlap
Union Dynamic Term vs UTI - Gilt52.6% overlap

Compare with any other fund

Frequently Asked Questions for Union Dynamic Term Fund

What is the current NAV of Union Dynamic Term Fund?

The Direct plan NAV is ₹24.4753. The Regular plan NAV is ₹23.0832, as on 30-10-2026.

What are the returns of Union Dynamic Term Fund?

The Direct plan returned −0.31% in 1 year, +4.74% a year over 3 years, +3.96% a year over 5 years. The Regular plan returned −0.60% in 1 year, +4.45% a year over 3 years, +3.69% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of Union Dynamic Term Fund?

The Direct plan charges 1.31% a year. The Regular plan charges 1.53% a year. This is the figure the fund house reported to AMFI, in force from 22-10-2026.

What is the AUM of Union Dynamic Term Fund?

Union Dynamic Term Fund managed ₹62.00 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Union Dynamic Term Fund?

At the end of September 2026 the largest holdings were GOI 6.90% 2065 (43.41%), GOI 7.24% 2055 (22.96%), Indian Railway Finance Corporation Ltd. (8.18%), National Bank for Agriculture and Rural Development (8.03%), REC Ltd. (8.00%). The fund held 7 securities in all.

How do I invest in Union Dynamic Term Fund?

Through Union 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 ₹1,000. You can invest once or through a monthly SIP.

Who is the fund manager of Union Dynamic Term Fund?

Parijat Agrawal (since 13-02-2012), Devesh Thacker (since 28-06-2018).

What is the exit load of Union 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.