What are the top performing Dynamic Bond funds?

Based on 1-year returns, the top performing Dynamic Bond funds are Mirae Asset Dynamic Bond Fund - Direct Plan with 5.51% return, 360 ONE Dynamic Bond Fund - Direct Plan with 3.91% return, and ICICI Prudential All Seasons Bond Fund - Direct Plan with 3.76% return. The category average 1-year return is 1.73%.

Which Dynamic Bond funds have given the best returns over 3 years?

Over a 3-year period, the best performing Dynamic Bond funds are Mirae Asset Dynamic Bond Fund - Direct Plan with a 7.53% CAGR, 360 ONE Dynamic Bond Fund - Direct Plan with 7.43% CAGR, and ICICI Prudential All Seasons Bond Fund - Direct Plan with 7.27% CAGR. The category average 3-year return stands at 6.58% CAGR.

What are the largest Dynamic Bond mutual funds by assets?

The largest Dynamic Bond funds by Assets Under Management (AUM) are ICICI Prudential All Seasons Bond Fund - Direct Plan with ₹ 13,903.20 crore, Nippon India Dynamic Bond Fund - Direct Plan with ₹ 3,951.97 crore, and SBI Dynamic Bond Fund - Direct Plan with ₹ 3,825.55 crore. Together, there are 27 Dynamic Bond funds available in India.

What is the minimum amount to invest in Dynamic Bond funds?

You can start investing in Dynamic Bond funds with a minimum SIP of ₹99 per month or a minimum lumpsum of ₹100. The minimum investment varies across fund houses — some funds allow even lower entry points.

How are Dynamic Bond fund returns taxed?

All gains from Dynamic Bond funds — regardless of holding period — are added to your income and taxed at your applicable income tax slab rate.

Which Dynamic Bond funds have the lowest expense ratio?

Among Dynamic Bond funds, Mirae Asset Dynamic Bond Fund - Direct Plan has the lowest expense ratio at 0.15% (Direct Plan), followed by Franklin India Dynamic Accrual Fund - Segregated Portfolio 3 - Direct Plan at 0.17%. Lower expense ratios directly improve your net returns over the long term.

How many Dynamic Bond mutual funds are available in India?

There are currently 27 Dynamic Bond mutual funds available in India across different fund houses. You can compare all 27 funds on Sharpely based on returns, risk, AUM, and expense ratio to find the one that suits your investment goals.

mutual funds category

Dynamic Bond

Dynamic Bond Funds

Dynamic bond debt funds invest in debt instruments with different maturities. These funds do not have the obligation of investing in the debt securities of a particular maturity. So, they can benefit from changing interest rate scenarios.

Total Schemes

No. of schemes

Total AUM

₹ 0.32Lakh Cr

As on latest

Category Return (5Y)

6.14 %

CAGR

Benchmark Data

This category currently has no benchmark assigned.

Category Returns (%)

Period	1M	6M	1Y	3Y CAGR	5Y CAGR	10Y CAGR	YTD
Dynamic Bond	0.27 %	1.25 %	1.73 %	6.58 %	6.14 %	7.21 %	0.89 %
Benchmark Not Available No benchmark assigned	-	-	-	-	-	-	-

Top Dynamic Bond Funds (by AUM)

Fund Name	AUM (₹ Cr)	1Y Return	3Y CAGR	5Y CAGR	Expense Ratio
ICICI Prudential All Seasons Bond Fund - Direct PlanNAV: ₹41.51	13,903.20 Cr	3.76%	7.43%	6.93%	0.63%
Nippon India Dynamic Bond Fund - Direct PlanNAV: ₹41.41	3,951.97 Cr	2.39%	6.89%	6.11%	0.35%
SBI Dynamic Bond Fund - Direct PlanNAV: ₹40.53	3,825.55 Cr	2.66%	7.00%	6.59%	0.62%
Kotak Dynamic Bond Fund - Direct PlanNAV: ₹42.23	2,432.37 Cr	2.39%	7.23%	6.42%	0.59%
Bandhan Dynamic Bond Fund - Direct PlanNAV: ₹38.90	2,061.46 Cr	1.60%	6.71%	5.84%	0.74%
Aditya Birla Sun Life Dynamic Bond Fund - Direct PlanNAV: ₹51.62	1,504.17 Cr	2.84%	7.27%	7.10%	0.64%
Axis Dynamic Bond Fund - Direct PlanNAV: ₹33.81	1,053.44 Cr	3.20%	6.81%	6.01%	0.31%
DSP Strategic Bond Fund - Direct PlanNAV: ₹3,602.38	762.69 Cr	-1.14%	5.95%	5.68%	0.53%
HDFC Dynamic Debt Fund - Direct PlanNAV: ₹100.63	587.84 Cr	0.69%	6.32%	6.74%	0.74%
360 ONE Dynamic Bond Fund - Direct PlanNAV: ₹24.91	583.75 Cr	3.91%	7.53%	6.78%	0.34%
UTI Dynamic Bond Fund - Direct PlanNAV: ₹34.94	415.87 Cr	3.02%	7.14%	9.38%	1.00%
HSBC Dynamic Bond Fund - Direct PlanNAV: ₹32.69	126.66 Cr	0.77%	6.37%	5.54%	0.27%
Baroda BNP Paribas Dynamic Bond Fund - Direct PlanNAV: ₹51.37	126.02 Cr	-0.23%	5.92%	5.81%	0.72%
Mirae Asset Dynamic Bond Fund - Direct PlanNAV: ₹18.61	116.22 Cr	5.51%	7.12%	5.87%	0.15%
Union Dynamic Bond Fund - Direct PlanNAV: ₹24.36	92.29 Cr	-2.47%	4.67%	4.19%	1.26%

About Dynamic Bond Funds

What is it?

Objective

The primary objective of these funds is to provide decent returns in both rising and falling interest rate environments.

Suitability and opinion

These funds can be a suitable option for investors who are willing to take on moderate risk for the potential of higher returns, and who have a good understanding of interest rate movements and economic cycles. The ideal time duration for these funds is 3 years and more. However, it is important to note that Debt Dynamic Bond funds can be volatile and may be affected by credit risk and interest rate risk. We believe that investors can avoid this category as bonds with different tenures can increase complexity in fund management and lead to underperformance. Investors can prefer short-duration debt funds over this category.

Dynamic Bond vs Other Categories

5Y CAGR Return Comparison

6.35%

6.21%

6.14%

6.13%

Ultra Short Duration

Fixed Maturity

Dynamic Bond

Target Maturity

Corporate Bond

Key Insights

Dynamic Bond delivered 6.14% CAGR over the last 5 years.

It ranks #9 out of 18 categories based on 5Y performance.

Below the category average return of 6.35%.

8 categories outperform it, while 9 categories have lower returns.

Top performer: Credit Risk (9.97%).

Lowest performer: Long Duration (5.32%).

Let's have a closer look

Now let us jump and check about these top 15 mutual fund schemes.

ICICI Prudential All Seasons Bond Fund - Direct Plan

Fund Performance: ICICI Prudential All Seasons Bond Fund - Direct Plan has given 7.43% annualized returns in the past three years and 6.93% in the last 5 years. The ICICI Prudential All Seasons Bond Fund - Direct Plan comes under the Debt category of ICICI Prudential Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential All Seasons Bond Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 13,903.20Cr

1Y Returns

3.76%

Expense Ratio

0.63%

Nippon India Dynamic Bond Fund - Direct Plan

Fund Performance: Nippon India Dynamic Bond Fund - Direct Plan has given 6.89% annualized returns in the past three years and 6.11% in the last 5 years. The Nippon India Dynamic Bond Fund - Direct Plan comes under the Debt category of Nippon India Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Nippon India Dynamic Bond Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 3,951.97Cr

1Y Returns

2.39%

Expense Ratio

0.35%

SBI Dynamic Bond Fund - Direct Plan

Fund Performance: SBI Dynamic Bond Fund - Direct Plan has given 7.00% annualized returns in the past three years and 6.59% in the last 5 years. The SBI Dynamic Bond Fund - Direct Plan comes under the Debt category of SBI Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in SBI Dynamic Bond Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 3,825.55Cr

1Y Returns

2.66%

Expense Ratio

0.62%

Kotak Dynamic Bond Fund - Direct Plan

Fund Performance: Kotak Dynamic Bond Fund - Direct Plan has given 7.23% annualized returns in the past three years and 6.42% in the last 5 years. The Kotak Dynamic Bond Fund - Direct Plan comes under the Debt category of Kotak Mahindra Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Kotak Dynamic Bond Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 2,432.37Cr

1Y Returns

2.39%

Expense Ratio

0.59%

Bandhan Dynamic Bond Fund - Direct Plan

Fund Performance: Bandhan Dynamic Bond Fund - Direct Plan has given 6.71% annualized returns in the past three years and 5.84% in the last 5 years. The Bandhan Dynamic Bond Fund - Direct Plan comes under the Debt category of Bandhan Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Bandhan Dynamic Bond Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 1,000.00

AUM

₹ 2,061.46Cr

1Y Returns

1.60%

Expense Ratio

0.74%

Aditya Birla Sun Life Dynamic Bond Fund - Direct Plan

Fund Performance: Aditya Birla Sun Life Dynamic Bond Fund - Direct Plan has given 7.27% annualized returns in the past three years and 7.10% in the last 5 years. The Aditya Birla Sun Life Dynamic Bond Fund - Direct Plan comes under the Debt category of Aditya Birla Sun Life Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Dynamic Bond Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 1,000.00.

Min Investment Amt

₹ 1,000.00

AUM

₹ 1,504.17Cr

1Y Returns

2.84%

Expense Ratio

0.64%

Axis Dynamic Bond Fund - Direct Plan

Fund Performance: Axis Dynamic Bond Fund - Direct Plan has given 6.81% annualized returns in the past three years and 6.01% in the last 5 years. The Axis Dynamic Bond Fund - Direct Plan comes under the Debt category of Axis Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Axis Dynamic Bond Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 1,053.44Cr

1Y Returns

3.20%

Expense Ratio

0.31%

DSP Strategic Bond Fund - Direct Plan

Fund Performance: DSP Strategic Bond Fund - Direct Plan has given 5.95% annualized returns in the past three years and 5.68% in the last 5 years. The DSP Strategic Bond Fund - Direct Plan comes under the Debt category of DSP Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in DSP Strategic Bond Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 762.69Cr

1Y Returns

-1.14%

Expense Ratio

0.53%

HDFC Dynamic Debt Fund - Direct Plan

Fund Performance: HDFC Dynamic Debt Fund - Direct Plan has given 6.32% annualized returns in the past three years and 6.74% in the last 5 years. The HDFC Dynamic Debt Fund - Direct Plan comes under the Debt category of HDFC Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in HDFC Dynamic Debt Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 587.84Cr

1Y Returns

0.69%

Expense Ratio

0.74%

360 ONE Dynamic Bond Fund - Direct Plan

Fund Performance: 360 ONE Dynamic Bond Fund - Direct Plan has given 7.53% annualized returns in the past three years and 6.78% in the last 5 years. The 360 ONE Dynamic Bond Fund - Direct Plan comes under the Debt category of 360 ONE Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in 360 ONE Dynamic Bond Fund - Direct Plan via lump sum is ₹ 10,000.00 and via SIP is ₹ 1,000.00.

Min Investment Amt

₹ 10,000.00

AUM

₹ 583.75Cr

1Y Returns

3.91%

Expense Ratio

0.34%

UTI Dynamic Bond Fund - Direct Plan

Fund Performance: UTI Dynamic Bond Fund - Direct Plan has given 7.14% annualized returns in the past three years and 9.38% in the last 5 years. The UTI Dynamic Bond Fund - Direct Plan comes under the Debt category of UTI Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in UTI Dynamic Bond Fund - Direct Plan via lump sum is ₹ 500.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 500.00

AUM

₹ 415.87Cr

1Y Returns

3.02%

Expense Ratio

1.00%

HSBC Dynamic Bond Fund - Direct Plan

Fund Performance: HSBC Dynamic Bond Fund - Direct Plan has given 6.37% annualized returns in the past three years and 5.54% in the last 5 years. The HSBC Dynamic Bond Fund - Direct Plan comes under the Debt category of HSBC Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in HSBC Dynamic Bond Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 126.66Cr

1Y Returns

0.77%

Expense Ratio

0.27%

Baroda BNP Paribas Dynamic Bond Fund - Direct Plan

Fund Performance: Baroda BNP Paribas Dynamic Bond Fund - Direct Plan has given 5.92% annualized returns in the past three years and 5.81% in the last 5 years. The Baroda BNP Paribas Dynamic Bond Fund - Direct Plan comes under the Debt category of Baroda BNP Paribas Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Baroda BNP Paribas Dynamic Bond Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 126.02Cr

1Y Returns

-0.23%

Expense Ratio

0.72%

Mirae Asset Dynamic Bond Fund - Direct Plan

Fund Performance: Mirae Asset Dynamic Bond Fund - Direct Plan has given 7.12% annualized returns in the past three years and 5.87% in the last 5 years. The Mirae Asset Dynamic Bond Fund - Direct Plan comes under the Debt category of Mirae Asset Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Dynamic Bond Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 99.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 116.22Cr

1Y Returns

5.51%

Expense Ratio

0.15%

Union Dynamic Bond Fund - Direct Plan

Fund Performance: Union Dynamic Bond Fund - Direct Plan has given 4.67% annualized returns in the past three years and 4.19% in the last 5 years. The Union Dynamic Bond Fund - Direct Plan comes under the Debt category of Union Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Union Dynamic Bond Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 1,000.00

AUM

₹ 92.29Cr

1Y Returns

-2.47%

Expense Ratio

1.26%