Axis Dynamic Term Fund
This is the Direct plan of Axis Dynamic Term Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★★★★5/5 vs 22 Dynamic Bond peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Dynamic Bond (same plan and option).
3Y CAGR +7.32% · ranks 8 of 22 Dynamic Bond funds
Volatility 1.9% vs 2.2% category avg
0.3% expense vs 0.6% category avg
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- 1-year return (+5.68%) beats the Dynamic Bond average (+3.60%)
- 3-year return (+7.32%) beats the Dynamic Bond average (+6.78%)
- Ranks #2 of 22 on 1-year return in its Dynamic Bond cohort
- Stronger risk-adjusted returns — Sharpe 0.43 vs 0.16 Dynamic Bond average
- Less volatile than its Dynamic Bond peers (1.9% vs 2.2%)
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Dynamic Bond)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -0.12% | -0.29% | +0.17% |
| 3M abs | +0.01% | -0.37% | +0.38% |
| 6M abs | +4.48% | +3.31% | +1.17% |
| 1Y CAGR | +5.68% | +3.60% | +2.08% |
| 3Y CAGR | +7.32% | +6.78% | +0.54% |
| 5Y CAGR | +6.16% | +6.09% | +0.07% |
Category average across peers in Dynamic Bond (up to 21 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 21 peers in Dynamic Bond
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Axis Dynamic Term Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +4.35% | |
| 2025 | +7.41% | |
| 2024 | +8.85% | |
| 2023 | +6.98% | |
| 2022 | +2.51% | |
| 2021 | +4.32% | |
| 2020 | +12.81% | |
| 2019 | +11.80% | |
| 2018 | +7.15% | |
| 2017 | +4.28% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt75.14%
- Cash & Equivalents20.02%
- Equity4.32%
- Other0.52%
AMC Profile
Axis Mutual Fund is run by Axis Asset Management, majority-owned by Axis Bank with the UK's Schroders holding the minority stake. It launched its first scheme in 2009 and grew quickly on a growth-oriented, quality-biased equity style.
Fund Managers
DSDevang ShahManaging since 05 Nov 2012
B. Com, ACA
Manager in the last 10 years management " 22 years, his last
- Axis Aggressive Hybrid Fund
- Axis Arbitrage Fund
- Axis Balanced Advantage Fund
- Axis Children's Fund
- Axis Conservative Hybrid Fund
- AXIS Corporate Bond Fund
- Axis Credit Risk Fund
- Axis Gilt Fund
- Axis Income Plus Arbitrage Passive FOF
- Axis Liquid Fund
- Axis Long Term Fund
- Axis Money Market Fund
- Axis Multi Asset Allocation Fund
- Axis Short Term Fund
- Axis Equity Savings Fund - Direct Plan - Growth Option
- Axis Retirement Fund - Aggressive Plan - Direct Plan - Growth Option
- Axis Retirement Fund - Conservative Plan - Direct Plan - Growth Option
- Axis Retirement Fund - Dynamic Plan - Direct Plan - Growth Option
HSHardik ShahManaging since 05 Apr 2024
Fund Manager – Fixed Income
MBA (Finance), B.E(I.T)
15 years, his last 10 • Axis Asset Management Company Ltd (January 2022 – Present) • SBI LIFE Insurance Co. Ltd. (June 2020 – January 2022) • Nippon India Asset Management Co. Ltd. ( erst. Reliance Mutual Fund) ( July 2013 – June 2020) Quantum Mutual Fund (Nov 2009 – July 2013) 28
- Axis Balanced Advantage Fund
- Axis Banking and PSU Debt Fund
- Axis Children's Fund
- Axis Crisil IBX 50:50 Gilt Plus SDL June 2028 Index Fund
- Axis CRISIL IBX SDL May 2027 Index Fund
- Axis Equity Savings Fund
- Axis Floating Interest Rates Fund
- Axis Long Term Fund
- Axis Multi Asset Allocation Fund
- Axis Ultra Short Term Fund
- AXIS Corporate Bond Fund - Direct Plan - Growth Option
- Axis Retirement Fund - Aggressive Plan - Direct Plan - Growth Option
- Axis Retirement Fund - Conservative Plan - Direct Plan - Growth Option
- Axis Retirement Fund - Dynamic Plan - Direct Plan - Growth Option
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
Axis in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Investors should avoid thinking of debt as a risk-free asset class: Devang Shah of Axis Mutual Fund explains why
Livemint · 9h ago
Moneycontrol Hosts Mutual Fund Summit In Delhi
Passionate In Marketing · 10h ago
Axis Pension Fund launches NPS Swasthya scheme for healthcare expenses
Fortune India · 4d ago
Axis Nifty Capital Markets Index Fund - Regular Plan Portfolio
The Economic Times · 4d ago
Axis MF's Shreyash Devalkar backs financials, says IT remains a trade despite correction
CNBC TV18 · 5d ago
Axis ELSS- Tax Saver Fund - Regular IDCW Payout
Alice Blue · 6d ago
Debt mutual funds: Axis MF suggests where to invest as RBI may raise rates by 50-75 bps over next 6 months
Livemint · 6d ago
4 new players to join SIF race
Cafemutual · 7d ago
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Dynamic Bond funds
Dynamic bond funds have no duration mandate at all: the manager moves between short and long bonds as their rate view changes. That hands one call — where rates go next — to the manager, so the outcome depends heavily on getting it right.
From the blog
Frequently asked questions
What is the NAV of Axis Dynamic Term Fund?
As of 05 Oct 2026, the NAV of Axis Dynamic Term Fund is ₹34.76 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Axis Dynamic Term Fund delivered?
Axis Dynamic Term Fund has returned +5.68% over 1 year, +7.32% per year over 3 years, +6.16% per year over 5 years and +8.25% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Axis Dynamic Term Fund?
Axis Dynamic Term Fund charges an expense ratio of 0.34% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Axis Dynamic Term Fund?
Axis Dynamic Term Fund's largest holdings are 7.3% Government of India (19/06/2053) (7.3%), 7.24% Government of India (18/08/2055) (6.7%), HDFC Bank Limited (19/11/2026) (5.0%), HDFC Bank Limited (14/12/2026) (5.0%) and Kotak Mahindra Bank Limited (29/01/2027) (4.9%). Holdings are disclosed monthly and change over time.
How risky is Axis Dynamic Term Fund?
Axis Dynamic Term Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.9% and its worst peak-to-trough fall in our sample was -7.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.43 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Dynamic Term Fund's 0.43 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Axis Dynamic Term Fund?
Axis Dynamic Term Fund is benchmarked against the NIFTY Composite Debt Index A-III. Its alpha and beta on this page are measured against that index.
Who manages Axis Dynamic Term Fund?
Axis Dynamic Term Fund is managed by Devang Shah and Hardik Shah at Axis.
How is Axis Dynamic Term Fund taxed?
Axis Dynamic Term Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.