SBI Dynamic Term Fund
- NAV as on 25 Sep 2026
- ₹37.60+0.05%1 day
- Return since launch
- 6.0%
- 52-week range
- ₹35.88 — ₹37.60
- AUM
- ₹3,553 Cr
SBI Dynamic Term Fund is a Dynamic Bond debt fund from SBI Mutual Fund with ₹3,553 Cr under management, launched in 2003. Over three years it has returned 5.7% a year, against 6.1% for its category. The expense ratio is 1.37% and the SEBI riskometer reading is Low to Moderate.
Performance
SBI Dynamic Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.7% against +3.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.1% | +1.5 pts | 3.6% | 3.4% |
| 2Y | 4.9% | +1.0 pts | 3.9% | 4.0% |
| 3Y | 5.7% | −0.4 pts | 6.1% | 5.0% |
| 5Y | 6.3% | +0.8 pts | 5.4% | 5.6% |
| 7Y | 6.0% | +0.4 pts | 5.7% | 5.5% |
| 10Y | 6.4% | +0.4 pts | 6.0% | 5.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | +0.6 pts | -0.3% | -0.3% |
| 3M | 0.8% | +1.0 pts | -0.1% | -0.0% |
| 6M | 3.1% | +0.3 pts | 2.8% | 2.6% |
| 1Y | 4.7% | +1.1 pts | 3.6% | 3.6% |
| 2Y | 4.9% | +0.5 pts | 4.4% | 4.5% |
| 3Y | 6.5% | +0.4 pts | 6.1% | 6.0% |
| 5Y | 5.9% | +0.5 pts | 5.4% | 5.3% |
| 7Y | 6.3% | +0.4 pts | 5.9% | 5.7% |
| 10Y | 6.7% | +0.7 pts | 6.0% | 6.0% |
Since launch (15 Dec 2003): 6.0%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 5.5% | −0.9 pts | 6.3% |
| 2024 | 8.6% | −0.7 pts | 9.3% |
| 2023 | 7.1% | −0.2 pts | 7.3% |
| 2022 | 4.2% | +0.4 pts | 3.8% |
| 2021 | 2.0% | −2.2 pts | 4.2% |
| 2020 | 10.4% | −0.1 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
1.37%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.15%
- Brokerage
- 0.01%
- Transaction charges
- 0.01%
- Statutory levies
- 0.20%
- Exit load
- For units in excess of 10% of the investment, 0.25% will be charged for redemption within 1 month
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Dynamic Bond A-III Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at low to moderate risk — typically short duration debt 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 | 0.29 | 0.48 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.48 | 0.75 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 2.47 | 3.02 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
SBI Dynamic Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt41.1%
- Other58.9%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 59.24% | ₹2,105 Cr | +1.32% | +1.22% | +1.00% |
| Andhra Pradesh State | Financial | 6.99% | ₹248 Cr | — | — | — |
| Axis Bank Ltd. | Financial | 6.81% | ₹242 Cr | — | — | — |
| National Bank For Agriculture & Rural Development | Financial | 6.24% | ₹222 Cr | +3.74% | +3.08% | +4.48% |
| Bajaj Finance Ltd. | Financial | 5.62% | ₹200 Cr | — | — | — |
| Summit Digitel Infrastructure Pvt. Ltd. | Communication | 4.36% | ₹155 Cr | +4.09% | +3.85% | +4.01% |
| REC Ltd. | Financial | 3.53% | ₹125 Cr | +3.31% | +3.07% | +3.20% |
| Reserve Bank of India | Financial | 3.51% | ₹125 Cr | — | — | — |
| National Highways Infra Trust | Construction | 3.32% | ₹118 Cr | +3.02% | +2.81% | +2.82% |
| Tata Capital Financial Services Ltd. | Financial | 2.81% | ₹99.98 Cr | — | — | — |
| LIC Housing Finance Ltd. | Financial | 2.81% | ₹99.85 Cr | +2.64% | +2.45% | +2.52% |
| Anzen India Energy Yield Plus Trust | Financial | 2.80% | ₹99.44 Cr | +2.63% | +2.44% | +2.54% |
| Siddhivinayak Securitisation Trust | Others | 2.75% | ₹97.70 Cr | +2.59% | +2.44% | — |
| India Universal Trust AL1 | Others | 2.35% | ₹83.48 Cr | +2.51% | +2.53% | +3.06% |
| Shivshakti Securitisation Trust | Others | 2.05% | ₹72.88 Cr | +1.94% | +1.83% | — |
| Bihar State | Others | 1.42% | ₹50.55 Cr | +1.33% | +1.24% | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 0.27% | ₹9.69 Cr | +8.72% | +1.14% | — |
| ICICI Bank Ltd. | Financial | -8.44% | ₹-300.00 Cr | — | — | — |
| ICICI Securities Primary Dealership Ltd. | Financial | -8.44% | ₹-300.00 Cr | — | -7.32% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:4578 | 13.14% | 0.00% | -13.14% |
| ICICI Bank Ltd. | 0.00% | -8.44% | -8.44% |
| company:18271 | -8.15% | 0.00% | +8.15% |
| company:3692 | -8.15% | 0.00% | +8.15% |
| company:5656 | -8.15% | 0.00% | +8.15% |
| company:5249 | -6.79% | 0.00% | +6.79% |
| Bajaj Finance Ltd. | 0.00% | 5.62% | +5.62% |
| company:5848 | 4.18% | 0.00% | -4.18% |
| Tata Capital Financial Services Ltd. | 0.00% | 2.81% | +2.81% |
| company:5849 | 2.80% | 0.00% | -2.80% |
| company:5655 | 2.60% | 0.00% | -2.60% |
| ICICI Securities Primary Dealership Ltd. | -6.79% | -8.44% | -1.65% |
| Axis Bank Ltd. | 6.53% | 6.81% | +0.28% |
| Andhra Pradesh State | 6.82% | 6.99% | +0.17% |
| National Bank For Agriculture & Rural Development | 6.07% | 6.24% | +0.17% |
| Reserve Bank of India | 3.37% | 3.51% | +0.14% |
| REC Ltd. | 3.40% | 3.53% | +0.13% |
| LIC Housing Finance Ltd. | 2.71% | 2.81% | +0.10% |
| Summit Digitel Infrastructure Pvt. Ltd. | 4.26% | 4.36% | +0.10% |
| Anzen India Energy Yield Plus Trust | 2.71% | 2.80% | +0.09% |
| India Universal Trust AL1 | 2.43% | 2.35% | -0.08% |
| Siddhivinayak Securitisation Trust | 2.67% | 2.75% | +0.08% |
| National Highways Infra Trust | 3.24% | 3.32% | +0.08% |
| Shivshakti Securitisation Trust | 1.99% | 2.05% | +0.06% |
| Bihar State | 1.39% | 1.42% | +0.03% |
| Small Industries Devp. Bank of India Ltd. | 0.26% | 0.27% | +0.01% |
| Others | 0.35% | 0.36% | +0.01% |
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 | ₹1,449 Cr | 1.09% | 5.5% | 6.3% | 6.5% |
 Kotak Dynamic Term Fund | ₹2,342 Cr | 1.35% | 5.7% | 6.1% | 6.3% |
 Bandhan Dynamic Term Fund | ₹1,926 Cr | 1.65% | 6.6% | 5.7% | 6.0% |
 Aditya Birla Sun Life Dynamic Term Fund | ₹1,422 Cr | 1.22% | 4.9% | 6.2% | 6.7% |
 Axis Dynamic Term Fund | ₹993 Cr | 0.65% | 5.7% | 6.5% | 6.6% |
 360 ONE Dynamic Term Fund | ₹559 Cr | 0.59% | 4.7% | 6.8% | 7.0% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide investors attractive returns through investment in an actively managed portfolio of high quality debt securities of varying maturities.
Fund managers
- Sudhir AgrawalMr.Sudhir Agrawal is a M.Com, PGDBA (Finance) and a CFA.Prior to joining SBI MF he has worked with UTI MF, TATA Asset Management Ltd., Tramp Value Pvt. Ltd. and CARE Ratings.
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 months3.15% absolute | ₹60,000 | ₹61,890 | 3.15% | |
| 1 year4.65% annualised | ₹1,20,000 | ₹1,23,066 | 2.55% | |
| 3 years6.53% annualised | ₹3,60,000 | ₹3,98,653 | 10.74% | |
| 5 years5.93% annualised | ₹6,00,000 | ₹6,99,888 | 16.65% |
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.