Fundalysisby DARKHORSESTOCKS

Scheme

Axis Dynamic Term Fund

Holds 3 companies worth ₹42.3 Cr in Sept 2026.

  • Fund house

    AxisThe fund house that runs this scheme.

  • AUM

    ₹969 CrAxis Dynamic Term Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 2.5% on Aug 2026, ₹993 Cr.

  • Largest holding

    Cube Highways Trust InvIT FundCube Highways Trust InvIT Fund is 1.9% of this scheme's NAV.

  • Fund manager

    Devang ShahRuns its co-manager part since 5 Nov 2012, as the fund house dates it. With Hardik Shah (co-manager).

Overview(28 Sept 2026)

Fund managers2

  1. Devang ShahCo-manager, debt · Nov 2012
  2. Hardik ShahCo-manager, debt · Apr 2024 · 14y · MBA B.E.

    Key facts

    Benchmark
    NIFTY Composite Debt Index A-III
    Risk
    Moderate
    Expense
    Regular 0.65% · Direct 0.34%
    Exit load
    Nil
    Started
    27 Apr 2011
    Minimum
    ₹5,000

    Source.Its Scheme Summary Document as of 28 Sept 2026 at AMFI.

    What changed(7 changes)

    Sept 2026

    3 changes
    1. Category
      28 SeptDynamic Bond → Dynamic Term Fund
    2. Renamed
      22 SeptAxis Dynamic Bond Fund → Axis Dynamic Term Fund
    3. Expense ratio
      10 SeptRegular 0.62% → 0.65%Direct 0.32% → 0.34%

    May 2026

    1 change
    1. Expense ratio
      17 MayRegular 0.63% → 0.62%

    Mar 2025

    1 change
    1. Expense ratio
      25 MarRegular 0.64% → 0.63%Direct 0.33% → 0.32%

    Source.Its filings at NSE, since Aug 2024.

    Fund managers over time(Nov 2012 – now)

    1. Devang Shah
    2. Hardik Shah
    MainCoSlice2013201520172019202120232025
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Aug 2024 – Sept 2026)

    Every change to the expense ratio, newest first.
    6 changesRegularDirectΔ pt
    10 Sept 20260.65%0.34%0.02
    17 May 20260.62%0.32%0
    25 Mar 20250.63%0.32%0.01
    30 Dec 20240.64%0.33%0.08
    16 Oct 20240.56%0.25%0.01
    21 Aug 20240.57%0.26%–
    Direct plan, 10 Sept 2026
    0.34%
    Regular plan 0.65% · Exit load nil
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(28 Sept 2026)

    Objective

    The scheme will endeavor to generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments. There is no assurance that the investment objective of the Scheme will be achieved.

    Risk, type and benchmark

    Riskometer
    Moderate
    At launch
    Moderate
    Risk class
    B-III: moderate credit risk, relatively high interest-rate risk
    Type
    An open ended dynamic debt scheme investing across duration. A relatively high interest rate risk and moderate credit risk.
    Benchmark
    NIFTY Composite Debt Index A-III

    Asset allocation it may hold% of NAV

    1. Debt instruments including GSecs and corporate debt
      Allowed0–100%
    2. Money market instruments
      Allowed0–100%
    3. Units issued by InvITs
      Allowed0–10%Holds4.4%

    Holds in Sept 2026.95.6% debt and cash · 4.4% REITs and InvITs

    How to invest(28 Sept 2026)

    Buying

    To start
    ₹5,000, then in multiples of ₹1
    To add
    ₹100, then in multiples of ₹1
    Systematic
    SIP - Daily / Weekly / Monthly / Yearly SWP - Weekly / Monthly / Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly
    Dates
    SIP - Except 29,30 and 31 all dates SWP - Any Business Day, STP - Daily, Weekly all days, Fortnightly - alternate Wednesday, Monthly and Quarterly 1,7,10,15 and 25
    Minimum
    SIP Daily, Weekly - 100, Monthly 1000.00, SIP Yearly - 12000.00 SWP - 1000 STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000.00, then in multiples of ₹1
    Instalments
    SIP Daily -6, Weekly - 6, Monthly - 6 SIP - Yearly - 3 SWP - Weekly - 5, Monthly - 6, Quarterly - 4, Halfyearly - 4, Yearly - 2 STP - Daily -6, Weekly - 6, Fortnightly -6, Monthly - 6, Quarterly -2.

    Selling and switching

    Scheme details(28 Sept 2026)

    What it is

    Category
    Dynamic Term Fund
    Offer
    6 Apr 2011 to 20 Apr 2011
    Started
    27 Apr 2011
    Reopened
    2 May 2011
    Plans
    Direct Growth Direct Half Yearly IDCW Direct Quarterly IDCW Regular Growth Regular Half Yearly IDCW Regular Quarterly IDCW
    Face value
    ₹10
    Listed
    Unlisted

    How it is run

    Swing pricing
    Yes
    Side-pocketing
    Yes
    Custodian
    DEUTSCHE BANK AG
    Auditor
    B S R & Co. LLP
    Registrar
    Kfintech Ltd
    SEBI code
    AXIS/O/D/DBF/11/03/0010