Axis Dynamic Term Fund
- NAV as on 9 Nov 2026
- ₹31.79+0.13%1 day
- Return since launch
- 7.7%
- 52-week range
- ₹30.10 — ₹31.76
- AUM
- ₹949 Cr
Axis Dynamic Term Fund is a Dynamic Bond debt fund from Axis Mutual Fund with ₹949 Cr under management, launched in 2011. Over three years it has returned 6.5% a year, against 6.2% for its category. The expense ratio is 0.65% and the SEBI riskometer reading is Moderate.
Performance
Axis Dynamic Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.3% against +3.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.9% | +2.8 pts | 3.1% | 3.6% |
| 2Y | 5.9% | +2.1 pts | 3.7% | 3.9% |
| 3Y | 6.5% | +0.3 pts | 6.2% | 4.9% |
| 5Y | 6.7% | +1.3 pts | 5.4% | 5.6% |
| 7Y | 6.4% | +0.8 pts | 5.6% | 5.5% |
| 10Y | 6.7% | +0.8 pts | 6.0% | 5.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 1.0% | +0.1 pts | 0.9% | 0.9% |
| 3M | 0.5% | +0.8 pts | -0.3% | -0.0% |
| 6M | 3.6% | +1.2 pts | 2.4% | 2.3% |
| 1Y | 5.3% | +2.2 pts | 3.1% | 3.2% |
| 2Y | 6.4% | +1.8 pts | 4.6% | 4.8% |
| 3Y | 7.2% | +1.0 pts | 6.2% | 6.2% |
| 5Y | 6.0% | +0.6 pts | 5.4% | 5.4% |
| 7Y | 6.7% | +0.9 pts | 5.8% | 5.7% |
| 10Y | 6.7% | +0.8 pts | 6.0% | 5.9% |
Since launch (6 Apr 2011): 7.7%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.1% | +0.7 pts | 6.3% |
| 2024 | 8.5% | −0.8 pts | 9.3% |
| 2023 | 6.6% | −0.7 pts | 7.3% |
| 2022 | 2.1% | −1.7 pts | 3.8% |
| 2021 | 3.9% | −0.3 pts | 4.2% |
| 2020 | 12.3% | +1.9 pts | 10.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.64%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.53%
- Brokerage
- 0.01%
- Transaction charges
- 0.01%
- Statutory levies
- 0.09%
- Exit load
- Exit load of 1% if redeemed within 12 months
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Composite Debt Index A-III
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.47 | 0.36 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.87 | 0.58 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 2.62 | 3.18 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Axis Dynamic Term Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt94.1%
- Other5.9%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 25.31% | ₹245 Cr | +1.52% | +1.41% | +1.22% |
| Canara Bank | Financial | 10.01% | ₹97.05 Cr | — | — | — |
| National Bank For Agriculture & Rural Development | Financial | 7.15% | ₹69.34 Cr | +2.04% | +14.99% | +1.74% |
| Kotak Mahindra Bank Ltd. | Financial | 5.05% | ₹48.93 Cr | +4.74% | +4.40% | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 5.04% | ₹48.83 Cr | +4.73% | +8.78% | +1.26% |
| Power Grid Corporation Of India Ltd. | Energy | 3.90% | ₹37.84 Cr | +0.82% | +0.76% | +0.69% |
| State Bank of India | Financial | 2.64% | ₹25.55 Cr | +0.49% | +0.46% | +4.15% |
| NHPC Ltd. | Energy | 2.60% | ₹25.22 Cr | +1.49% | +1.40% | +1.27% |
| Bank Of Baroda | Financial | 2.52% | ₹24.44 Cr | +2.37% | — | — |
| Export-Import Bank Of India | Financial | 2.04% | ₹19.78 Cr | +1.96% | +1.83% | +1.66% |
| Cube Highways Trust | Services | 1.89% | ₹18.35 Cr | +0.80% | — | — |
| Raajmarg Infra Investment Trust | Construction | 1.46% | ₹14.16 Cr | +1.38% | +1.34% | — |
| National Highways Authority of India Ltd. | Services | 1.45% | ₹14.07 Cr | +1.80% | +1.69% | +1.53% |
| Siddhivinayak Securitisation Trust | Others | 1.08% | ₹10.51 Cr | +1.07% | +1.01% | +0.91% |
| Shivshakti Securitisation Trust | Others | 1.08% | ₹10.50 Cr | +1.06% | +1.01% | +0.91% |
| HDFC Bank Ltd. | Financial | 1.04% | ₹10.06 Cr | +1.00% | +0.94% | +0.87% |
| Indus Infra Trust | Construction | 1.01% | ₹9.83 Cr | +0.94% | — | — |
| Indian Railway Finance Corporation Ltd. | Financial | 0.98% | ₹9.47 Cr | +0.96% | +0.89% | +0.81% |
| Radhakrishna Securitisation Trust | Others | 0.79% | ₹7.63 Cr | +0.77% | +0.73% | +0.67% |
| REC Ltd. | Financial | 0.53% | ₹5.11 Cr | +0.51% | +0.82% | +0.44% |
| Power Finance Corporation Ltd. | Financial | 0.51% | ₹4.98 Cr | +0.50% | +0.47% | +0.43% |
| Uttar Pradesh State | Others | 0.51% | ₹4.97 Cr | +0.50% | +0.47% | +0.85% |
| Maharashtra State | Others | 0.50% | ₹4.81 Cr | +0.49% | +0.45% | +0.32% |
| Karnataka State | Others | 0.36% | ₹3.53 Cr | +2.58% | +2.41% | +0.30% |
| Bihar State | Others | 0.33% | ₹3.19 Cr | +0.32% | +2.80% | — |
| Tamilnadu State | Others | 0.29% | ₹2.78 Cr | +0.28% | +0.26% | — |
| India Infrastructure Finance Company Ltd. | Construction | 0.28% | ₹2.75 Cr | +0.28% | +0.26% | +0.24% |
| Punjab State | Others | 0.26% | ₹2.56 Cr | +0.26% | +0.24% | — |
| Gujarat State | Construction | 0.12% | ₹1.19 Cr | +0.12% | +0.11% | +0.10% |
| GOI | Sovereign | 0.03% | ₹0.31 Cr | +0.03% | +0.03% | +0.03% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Canara Bank | 0.00% | 10.01% | +10.01% |
| Kotak Mahindra Bank Ltd. | 4.90% | 5.05% | +0.15% |
| Small Industries Devp. Bank of India Ltd. | 4.89% | 5.04% | +0.15% |
| Bank Of Baroda | 2.45% | 2.52% | +0.07% |
| Raajmarg Infra Investment Trust | 1.43% | 1.46% | +0.03% |
| State Bank of India | 2.61% | 2.64% | +0.02% |
| Cube Highways Trust | 1.87% | 1.89% | +0.02% |
| National Highways Authority of India Ltd. | 0.91% | 0.93% | +0.02% |
| Others | 0.52% | 0.54% | +0.01% |
| Export-Import Bank Of India | 0.99% | 1.00% | +0.01% |
| REC Ltd. | 0.52% | 0.53% | +0.01% |
| National Bank For Agriculture & Rural Development | 0.51% | 0.52% | +0.01% |
| Indian Railway Finance Corporation Ltd. | 0.97% | 0.98% | +0.01% |
| NHPC Ltd. | 0.50% | 0.51% | +0.01% |
| HDFC Bank Ltd. | 0.51% | 0.52% | +0.01% |
| Power Finance Corporation Ltd. | 0.51% | 0.51% | +0.01% |
| Power Grid Corporation Of India Ltd. | 0.41% | 0.42% | +0.01% |
| Shivshakti Securitisation Trust | 1.08% | 1.08% | +0.01% |
| Karnataka State | 0.36% | 0.36% | +0.01% |
| Radhakrishna Securitisation Trust | 0.78% | 0.79% | 0.00% |
| Uttar Pradesh State | 0.51% | 0.51% | 0.00% |
| Punjab State | 0.26% | 0.26% | 0.00% |
| Indus Infra Trust | 1.02% | 1.01% | 0.00% |
| Maharashtra State | 0.49% | 0.50% | 0.00% |
| Tamilnadu State | 0.28% | 0.29% | 0.00% |
| Bihar State | 0.33% | 0.33% | 0.00% |
| Gujarat State | 0.12% | 0.12% | 0.00% |
| India Infrastructure Finance Company Ltd. | 0.28% | 0.28% | 0.00% |
| Siddhivinayak Securitisation Trust | 1.08% | 1.08% | 0.00% |
| GOI | 0.03% | 0.03% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,214 Cr | 1.40% | 5.4% | 5.7% | 6.3% |
 SBI Dynamic Term Fund | ₹3,457 Cr | 1.37% | 4.8% | 5.5% | 6.2% |
 Kotak Dynamic Term Fund | ₹2,168 Cr | 1.35% | 5.7% | 5.9% | 6.3% |
 Bandhan Dynamic Term Fund | ₹1,892 Cr | 1.65% | 6.0% | 5.5% | 5.9% |
 Aditya Birla Sun Life Dynamic Term Fund | ₹1,340 Cr | 1.22% | 5.0% | 6.1% | 6.7% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme will endeavor to generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments.
Fund managers
- Devang ShahMr. Shah is B.Com and ACA.Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
- Hardik ShahMr. Shah has done B.E. Information Technology and MBA Finance.Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.59% absolute | ₹60,000 | ₹62,154 | 3.59% | |
| 1 year5.35% annualised | ₹1,20,000 | ₹1,23,535 | 2.95% | |
| 3 years7.23% annualised | ₹3,60,000 | ₹4,03,097 | 11.97% | |
| 5 years5.96% annualised | ₹6,00,000 | ₹7,00,445 | 16.74% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.