# Dynamic Term funds

Debt across durations, changed as interest rates move. Called Dynamic Bond until SEBI renamed the debt categories in 2026.

Full page: https://discovermf.com/categories/dynamic-term
Figures as of 4 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

22 funds managing ₹28,751 cr. Category averages: +3.0% over one year, +6.1% a year over three years; typical expense ratio 1.32%.

## All funds, by three-year return

| Fund | 1 year | 3 years (a year) | 5 years (a year) | Volatility | Expense ratio | Fund size |
| --- | --- | --- | --- | --- | --- | --- |
| [360 ONE Dynamic Term Fund](https://discovermf.com/funds/360-one-dynamic-term-fund-122612.md) | +3.7% | +7.6% | +6.4% | 2.0% | 0.59% | ₹539 cr |
| [Axis Dynamic Term Fund](https://discovermf.com/funds/axis-dynamic-term-fund-115068.md) | +5.0% | +7.2% | +5.9% | 2.0% | 0.64% | ₹951 cr |
| [Aditya Birla Sun Life Dynamic Term Fund](https://discovermf.com/funds/aditya-birla-sun-life-dynamic-term-fund-102767.md) | +4.5% | +7.1% | +6.6% | 2.0% | 1.22% | ₹1,342 cr |
| [Kotak Dynamic Term Fund](https://discovermf.com/funds/kotak-dynamic-term-fund-108511.md) | +4.9% | +7.0% | +5.7% | 2.4% | 1.35% | ₹2,175 cr |
| [Bandhan Dynamic Term Fund](https://discovermf.com/funds/bandhan-dynamic-term-fund-111524.md) | +5.8% | +7.0% | +5.3% | 2.5% | 1.65% | ₹1,893 cr |
| [Nippon India Dynamic Term Fund](https://discovermf.com/funds/nippon-india-dynamic-term-fund-102849.md) | +3.1% | +6.9% | +5.8% | 2.1% | 0.74% | ₹3,662 cr |
| [ICICI Prudential Dynamic Term Fund](https://discovermf.com/funds/icici-prudential-dynamic-term-fund-112096.md) | +4.0% | +6.7% | +6.2% | 2.3% | 1.32% | ₹12,499 cr |
| [SBI Dynamic Term Fund](https://discovermf.com/funds/sbi-dynamic-term-fund-102205.md) | +4.4% | +6.6% | +6.0% | 1.4% | 1.37% | ₹3,466 cr |
| [UTI Dynamic Term Fund](https://discovermf.com/funds/uti-dynamic-term-fund-113077.md) | +3.8% | +6.5% | +6.8% | 1.7% | 1.28% | ₹390 cr |
| [Quantum Dynamic Term Fund](https://discovermf.com/funds/quantum-dynamic-term-fund-141061.md) | +2.4% | +6.4% | +5.9% | 2.3% | 1.01% | ₹78.2 cr |
| [Mahindra Manulife Dynamic Term Fund](https://discovermf.com/funds/mahindra-manulife-dynamic-term-fund-144401.md) | +3.2% | +6.3% | +4.8% | 2.1% | 1.58% | ₹44.6 cr |
| [JM Dynamic Term Fund](https://discovermf.com/funds/jm-dynamic-term-fund-101806.md) | +2.5% | +6.2% | +5.6% | 1.5% | — | ₹52 cr |
| [HSBC Dynamic Term Fund](https://discovermf.com/funds/hsbc-dynamic-term-fund-151084.md) | +2.6% | +6.1% | — | 2.3% | 0.83% | ₹118 cr |
| [HDFC Dynamic Term Fund](https://discovermf.com/funds/hdfc-dynamic-term-fund-101872.md) | +3.3% | +5.9% | +4.9% | 2.8% | 1.40% | ₹470 cr |
| [Mirae Asset Dynamic Term Fund](https://discovermf.com/funds/mirae-asset-dynamic-term-fund-140771.md) | +2.9% | +5.8% | +4.8% | 1.7% | 0.99% | ₹115 cr |
| [PGIM India Dynamic Term Fund](https://discovermf.com/funds/pgim-india-dynamic-term-fund-116485.md) | +1.5% | +5.6% | +4.8% | 2.1% | 1.68% | ₹74.7 cr |
| [DSP Dynamic Term Fund](https://discovermf.com/funds/dsp-dynamic-term-fund-105669.md) | +1.0% | +5.4% | +4.9% | 3.3% | 1.14% | ₹580 cr |
| [Baroda BNP Paribas Dynamic Term Fund](https://discovermf.com/funds/baroda-bnp-paribas-dynamic-term-fund-150173.md) | +1.8% | +5.3% | — | 2.2% | 1.72% | ₹112 cr |
| [Groww Dynamic Term Fund](https://discovermf.com/funds/groww-dynamic-term-fund-145590.md) | +2.7% | +5.0% | +4.4% | 1.8% | 1.36% | ₹25.5 cr |
| [Union Dynamic Term Fund](https://discovermf.com/funds/union-dynamic-term-fund-116555.md) | +1.0% | +4.9% | +4.0% | 4.3% | 1.53% | ₹61 cr |
| [ITI Dynamic Term Fund](https://discovermf.com/funds/iti-dynamic-term-fund-149021.md) | +0.8% | +4.8% | +4.6% | 1.7% | 1.24% | ₹21.9 cr |
| [Canara Robeco Dynamic Term Fund](https://discovermf.com/funds/canara-robeco-dynamic-term-fund-111962.md) | +1.0% | +4.6% | +4.1% | 2.3% | 1.71% | ₹79 cr |

## Questions

### How many Dynamic Term funds are there?

22 funds, managing ₹28,751 cr between them as of 4 Nov 2026. The largest is ICICI Prudential Dynamic Term Fund, at ₹12,499 cr.

### What return have Dynamic Term funds given?

The average Dynamic Term fund returned +3.0% over the last year, +6.1% a year over three years, +5.4% a year over five years. Over the last year the funds ranged from +0.8% to +5.8%. Past returns do not tell you future returns.

### Which Dynamic Term fund has the lowest expense ratio?

360 ONE Dynamic Term Fund, at 0.59% a year, against 1.32% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.

### Which Dynamic Term fund has the highest three-year return?

360 ONE Dynamic Term Fund, at +7.6% a year over the last three years, against +6.1% for the average fund. Past returns do not tell you future returns.

### How risky are Dynamic Term funds?

Their volatility over the last year averaged 2.1%: the higher it is, the more the price swings from day to day. 16 of 22 carry the riskometer level Moderate, on SEBI's six-step scale from Low to Very High.