MonitorDirect · GrowthWatch before adding
DSP Dynamic Term Fund
DSP Mutual FundIncome/Debt Oriented Schemes - Dynamic Term Fund13.8 years
- NAV
- 3,642.0774
- 28 Oct 2026
- 1Y
- +0.8%
- Trailing CAGR
- AUM
- ₹638.52 Cr
- 31 Aug 2026
- Volatility
- Low
- 3.4% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 28 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer PGIM India Dynamic Term Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.54% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -4.5%. Ask whether you can hold through a similar fall.
Vs category
Watch
51% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 85.5% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+0.8%
- 3Y+6.0%
- 5Y+5.5%
- 10Y+6.4%
- SI+7.5%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+0.4%
- 3Y+3.5%
- 5Y+5.1%
- 10Y+6.1%
- Since inception
- +7.5%
- Calendar-day CAGR
- Excess 1Y
- -2.0%
- Category median, same plan and option
- 3Y win rate
- +51%
- Windows beating the median
- 3Y percentile
- 20
- Vs comparable share classes
- SIP 3Y XIRR
- +3.5%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.2%
- 2613 daily-ending windows
- Median rolling 3Y
- +7.6%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2128 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -4.5%
- Worst peak-to-trough
- Current
- -2.6%
- Below last peak
- Current spell
- 75 days
- Days below latest peak
- Time below peak
- +77%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 9 days
- 243 recovered episodes
- Longest recovery
- 158 days
- Trough to prior peak
3 Jun 2019 – 4 Jul 2019
Trough 10 Jun 2019 · recovered in 24 days
-4.5%
24 Nov 2016 – 17 Jul 2017
Trough 9 Feb 2017 · recovered in 158 days
-4.2%
27 May 2013 – 31 Dec 2013
Trough 19 Aug 2013 · recovered in 134 days
-3.6%
28 May 2025 – 17 Jun 2026
Trough 2 Apr 2026 · recovered in 76 days
-3.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
20
Vs category
38
Consistency
47
Risk-adjusted
50
Drawdown
89
Mean
49
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
31 Aug 2026 · 17 holdings · top 10 are 85.5%.
- Top 5
- 59.4%
- Top 10
- 85.5%
- Largest holding
- 20.0%
- Effective holdings
- 10.1
GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100
Entities
20.0%
7.71% GOI 18-May-2066
Entities
12.1%
GOVERNMENT OF INDIA 35840 GOI 15AP65 6.9 FV RS 100
Entities
11.7%
STATE DEVELOPMENT LOAN 36772 MH 03DC40 7.43 FV RS 100
Unspecified
7.8%
7.36% SBI LTB 27 JUNE 2039
Financial
7.8%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
24 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
PGIM India Dynamic Term Fund
PGIM India Mutual Fund
- 1Y
- +1.9%
- 3Y
- +6.7%
- Vol
- 2.8%
- Max DD
- -4.1%
- Sharpe
- 0.71
- 3Y win
- +77%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
ICICI Prudential Dynamic Term Fund
ICICI Prudential Mutual Fund
- 1Y
- +3.3%
- 3Y
- +7.1%
- Vol
- 2.5%
- Max DD
- -3.6%
- Sharpe
- 1.32
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Kotak Dynamic Term Fund
Kotak Mahindra Mutual Fund
- 1Y
- +4.3%
- 3Y
- +7.6%
- Vol
- 2.4%
- Max DD
- -3.2%
- Sharpe
- 1.06
- 3Y win
- +89%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Axis Dynamic Term Fund
Axis Mutual Fund
- 1Y
- +4.6%
- 3Y
- +7.3%
- Vol
- 3.3%
- Max DD
- -7.1%
- Sharpe
- 0.71
- 3Y win
- +77%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Aditya Birla Sun Life Dynamic Term Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +4.3%
- 3Y
- +7.5%
- Vol
- 3.4%
- Max DD
- -7.5%
- Sharpe
- 0.50
- 3Y win
- +52%
- Lower volatility
- Higher win rate vs category
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER