DebtDynamic BondDirectGrowthModerate

ICICI Prudential Dynamic Term Fund

Q: What is the NAV of ICICI Prudential Dynamic Term Fund?

As of 05 Oct 2026, the NAV of ICICI Prudential Dynamic Term Fund is ₹42.49 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ICICI Prudential Dynamic Term Fund delivered?

ICICI Prudential Dynamic Term Fund has returned +4.85% over 1 year, +7.50% per year over 3 years, +6.96% per year over 5 years and +9.29% 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.

Q: What is the expense ratio of ICICI Prudential Dynamic Term Fund?

ICICI Prudential Dynamic Term Fund charges an expense ratio of 0.63% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of ICICI Prudential Dynamic Term Fund?

ICICI Prudential Dynamic Term Fund's largest holdings are Government Securities (9.3%), LIC Housing Finance Ltd. (7.1%), Government Securities (5.4%), Government Securities (3.4%) and Vedanta Ltd. (3.0%). Holdings are disclosed monthly and change over time.

Q: How risky is ICICI Prudential Dynamic Term Fund?

ICICI Prudential Dynamic Term Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.6% and its worst peak-to-trough fall in our sample was -3.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.61 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Dynamic Term Fund's 0.61 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of ICICI Prudential Dynamic Term Fund?

ICICI Prudential Dynamic Term Fund is benchmarked against the NIFTY Composite Debt Index B-III. Its alpha and beta on this page are measured against that index.

Q: Who manages ICICI Prudential Dynamic Term Fund?

ICICI Prudential Dynamic Term Fund is managed by Manish Banthia and Nikhil Kabra at ICICI Prudential.

Q: How is ICICI Prudential Dynamic Term Fund taxed?

ICICI Prudential 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.

ICICI Prudential Mutual Fund · Best Dynamic Bond Mutual Funds

NAV

₹42.49

+0.08% 1D

as of 05 Oct 2026

This is the Direct plan of ICICI Prudential 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.

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NAV history

+4.62%absolute

52-week rangePrev NAV ₹42.46

Latest ₹42.49

Low ₹40.6284th percentile of its 52-week rangeHigh ₹42.86

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).

PerformanceStrong

3Y CAGR +7.50% · ranks 5 of 22 Dynamic Bond funds

RiskLow

Volatility 1.6% vs 2.2% category avg

CostHigh

0.6% expense vs 0.5% category avg

ConsistencyHigh

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 (+4.85%) beats the Dynamic Bond average (+3.64%)
3-year return (+7.50%) beats the Dynamic Bond average (+6.77%)
5-year return (+6.96%) beats the Dynamic Bond average (+6.05%)
Stronger risk-adjusted returns — Sharpe 0.61 vs 0.15 Dynamic Bond average
Less volatile than its Dynamic Bond peers (1.6% vs 2.2%)

Concerns

High expense ratio (0.63%) vs the Dynamic Bond average of 0.54%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.63%

Category 0.54%▲0.09%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.61

Category 0.15▲0.46

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

—

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

NIFTY Composite Debt Index B-III

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Jan 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-0.33%

Absolute return over the last 3 months (not annualized)

-0.24%

Absolute return over the last 6 months (not annualized)

+4.04%

Absolute return since 1 Jan of this year (not annualized)

+3.53%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+4.85%

3-year annualized return (CAGR)

+7.50%

5-year annualized return (CAGR)

+6.96%

10-year annualized return (CAGR)

+7.80%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+9.29%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.64%

Excess return per unit of total volatility (rf = 6.5%)

0.61

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.87

Largest peak-to-trough decline over full history

-3.59%

Benchmark ratios

Not shown for Dynamic Bond — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Dynamic Bond)

Period	Fund	Category avg.	Diff
1M abs	-0.33%	-0.28%	-0.05%
3M abs	-0.24%	-0.36%	+0.12%
6M abs	+4.04%	+3.33%	+0.71%
1Y CAGR	+4.85%	+3.64%	+1.21%
3Y CAGR	+7.50%	+6.77%	+0.73%
5Y CAGR	+6.96%	+6.05%	+0.91%

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

1Y return

+4.85%

Beats 76.2% · rank #6

3Y return

+7.50%

Beats 81% · rank #5

5Y return

+6.96%

Beats 89.5% · rank #3

Sharpe

0.61

Beats 95.2% · rank #2

Sortino

0.87

Beats 95.2% · rank #2

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.15L

Absolute

+19.22%

XIRR

+7.19%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into ICICI Prudential 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	+3.53%
2025	+7.93%
2024	+9.01%
2023	+8.34%
2022	+5.34%
2021	+5.11%
2020	+12.53%
2019	+10.91%
2018	+7.01%
2017	+5.80%

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.

History points

3,320

Expense ratio

0.63%

YTM (from holdings)

8.06%

Average maturity

12.70 years

Taxation

Taxed as debt

This 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.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

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.

Peer comparison · Dynamic Bond

Compare all


ICICI Prudential Dynamic Term FundThis fund ICICI Prudential · Direct · Growth	★★★★★	+4.85%	+7.50%	+6.96%	—	0.63%	—
360 ONE Dynamic Term Fund 360 One · Direct · Growth	★★★★★	+4.54%	+7.89%	+6.76%	—	0.34%	—
Kotak Dynamic Term Fund Kotak Mahindra · Direct · Growth	★★★★☆	+5.02%	+7.77%	+6.53%	—	0.61%	—
Bandhan Dynamic Term Fund Bandhan · Direct · Growth	★★★☆☆	+6.75%	+7.71%	+6.20%	—	0.79%	—
Aditya Birla Sun Life Dynamic Term Fund Aditya Birla Sun Life · Direct · Growth	★★★☆☆	+5.20%	+7.64%	+7.22%	—	0.64%	—
Mahindra Manulife Dynamic Term Fund Mahindra Manulife · Direct · Growth	★★★☆☆	+4.38%	+7.42%	+5.98%	—	0.42%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt96.56%
Cash & Equivalents3.11%
Other0.33%

AMC Profile

ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.

Launched

11 Oct 1993

Total AUM

₹11,14,544Cr+1.0% QoQ

Avg AUM · April - June 2026

Website

icicipruamc.com

Fund Managers

MBManish BanthiaManaging since 27 Sep 2012

Role

Chief Investment Officer - Fixed Income

Education

Chartered Accountant, MBA and B.Com

Experience

Mr. Manish Banthia is the Chief Investment Officer for the Fixed Income Investments. He is associated with ICICI Prudential Asset Management Company Limited since October 2005. He has an overall work experience of around 21 years. Past Experience: ~ ICICI Prudential Asset Management Company Limited - Fixed Income Investments - August 2007 to October 2009. ~ ICICI Prudential Asset Management Company Limited - New Product Development - October 2005 to July 2007. ~ Aditya Birla Nuvo Ltd. – June 2005 to October 2005. ~ Aditya Birla Management Corporation Ltd. – May 2004 to May 2005.

Funds managed (25)

All schemes Manish Banthia runs →

NKNikhil KabraManaging since 22 Jan 2024

Role

Fund Manager – Fixed Income

Total experience

Over 11 years

Education

Chartered Accountant, B.Com and Chartered Financial Analyst (CFA)

Experience

Mr. Nikhil Kabra is associated with ICICI Prudential Asset Management Company Limited since September 2013. Past Experience: ~ Sumedha Fiscal Services Limited from ICICI Prudential Money Market Fund October 2012 to September 2013. ~ Haribhakti & Co. from September 2010 to October 2012

Funds managed (11)

All schemes Nikhil Kabra runs →

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

Fund managers

Manish Banthia Nikhil Kabra

ICICI Prudential 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.

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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.

Frequently asked questions

What is the NAV of ICICI Prudential Dynamic Term Fund?

As of 05 Oct 2026, the NAV of ICICI Prudential Dynamic Term Fund is ₹42.49 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ICICI Prudential Dynamic Term Fund delivered?

ICICI Prudential Dynamic Term Fund has returned +4.85% over 1 year, +7.50% per year over 3 years, +6.96% per year over 5 years and +9.29% 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 ICICI Prudential Dynamic Term Fund?

ICICI Prudential Dynamic Term Fund charges an expense ratio of 0.63% 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 ICICI Prudential Dynamic Term Fund?

ICICI Prudential Dynamic Term Fund's largest holdings are Government Securities (9.3%), LIC Housing Finance Ltd. (7.1%), Government Securities (5.4%), Government Securities (3.4%) and Vedanta Ltd. (3.0%). Holdings are disclosed monthly and change over time.

How risky is ICICI Prudential Dynamic Term Fund?

ICICI Prudential Dynamic Term Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.6% and its worst peak-to-trough fall in our sample was -3.6%. 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 0.61 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Dynamic Term Fund's 0.61 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of ICICI Prudential Dynamic Term Fund?

ICICI Prudential Dynamic Term Fund is benchmarked against the NIFTY Composite Debt Index B-III. Its alpha and beta on this page are measured against that index.

Who manages ICICI Prudential Dynamic Term Fund?

ICICI Prudential Dynamic Term Fund is managed by Manish Banthia and Nikhil Kabra at ICICI Prudential.

How is ICICI Prudential Dynamic Term Fund taxed?

ICICI Prudential 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.