Axis Dynamic Bond Fund Direct Growth

Fund Overview

Fund Size

₹1,175 Cr

Expense Ratio

0.32%

ISIN

INF846K01DI3

Minimum SIP

₹100

Exit Load

No Charges

Inception Date

01 Jan 2013

About this fund

Axis Dynamic Bond Fund Direct Growth is a Dynamic Bond mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 13 years and 15 days, having been launched on 01-Jan-13.
As of 14-Jan-26, it has a Net Asset Value (NAV) of ₹33.24, Assets Under Management (AUM) of 1174.68 Crores, and an expense ratio of 0.32%.

Axis Dynamic Bond Fund Direct Growth has given a CAGR return of 8.37% since inception.
The fund's asset allocation comprises around 0.00% in equities, 75.27% in debts, and 24.31% in cash & cash equivalents.
You can start investing in Axis Dynamic Bond Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+7.56%

+5.81% (Cat Avg.)

3 Years

+7.55%

+6.94% (Cat Avg.)

5 Years

+5.96%

+5.70% (Cat Avg.)

10 Years

+7.95%

+6.46% (Cat Avg.)

Since Inception

+8.37%

— (Cat Avg.)

Portfolio Summaryas of 31st December 2025

Debt	₹884.17 Cr	75.27%
Others	₹290.5 Cr	24.73%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Clearing Corporation Of India Ltd	Cash - Repurchase Agreement	₹265.42 Cr	22.60%
6.79% Govt Stock 2034	Bond - Gov't/Treasury	₹80.72 Cr	6.87%
6.48% Govt Stock 2035	Bond - Gov't/Treasury	₹79.31 Cr	6.75%
7.3% Govt Stock 2053	Bond - Gov't/Treasury	₹70.12 Cr	5.97%
6.68% Govt Stock 2040	Bond - Gov't/Treasury	₹67.97 Cr	5.79%
7.24% Govt Stock 2055	Bond - Gov't/Treasury	₹55.22 Cr	4.70%
Maharashtra (Government of) 7.43%	Bond - Sub-sovereign Government Debt	₹55.01 Cr	4.68%
Power Grid Corporation Of India Limited	Bond - Corporate Bond	₹38.23 Cr	3.25%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹25.43 Cr	2.17%
6.9% Govt Stock 2065	Bond - Gov't/Treasury	₹25.22 Cr	2.15%
National Housing Bank	Bond - Corporate Bond	₹24.89 Cr	2.12%
7.09% Govt Stock 2054	Bond - Gov't/Treasury	₹24.44 Cr	2.08%
7.09% Govt Stock 2074	Bond - Gov't/Treasury	₹24.08 Cr	2.05%
Bihar (Government of) 7.65%	Bond - Sub-sovereign Government Debt	₹23.99 Cr	2.04%
Net Receivables / (Payables)	Cash - Collateral	₹20.09 Cr	1.71%
Telangana (Government of) 7.49%	Bond - Sub-sovereign Government Debt	₹20.05 Cr	1.71%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹15.6 Cr	1.33%
Nhpc Limited	Bond - Corporate Bond	₹15.6 Cr	1.33%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹15.56 Cr	1.32%
7.26% Govt Stock 2032	Bond - Gov't/Treasury	₹15.52 Cr	1.32%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹15.48 Cr	1.32%
SIDDHIVINAYAK SECURITISATION TRUST	Bond - Asset Backed	₹11.05 Cr	0.94%
SHIVSHAKTI SECURITISATION TRUST	Bond - Asset Backed	₹11.04 Cr	0.94%
7.54% Govt Stock 2036	Bond - Gov't/Treasury	₹10.56 Cr	0.90%
Export Import Bank Of India	Bond - Corporate Bond	₹10.42 Cr	0.89%
Export Import Bank Of India	Bond - Corporate Bond	₹10.01 Cr	0.85%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹9.82 Cr	0.84%
Rec Limited	Bond - Corporate Bond	₹9.66 Cr	0.82%
National Highways Authority Of India	Bond - Corporate Bond	₹9.19 Cr	0.78%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹9.07 Cr	0.77%
RADHAKRISHNA SECURITISATION TRUST	Bond - Asset Backed	₹7.99 Cr	0.68%
Rec Limited	Bond - Corporate Bond	₹5.27 Cr	0.45%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹5.23 Cr	0.45%
HDFC Bank Limited	Bond - Corporate Bond	₹5.2 Cr	0.44%
National Highways Authority Of India	Bond - Corporate Bond	₹5.2 Cr	0.44%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹5.19 Cr	0.44%
HDFC Bank Limited	Bond - Corporate Bond	₹5.15 Cr	0.44%
Power Finance Corporation Limited	Bond - Corporate Bond	₹5.15 Cr	0.44%
7.68 UP Gs 2035	Bond - Gov't/Treasury	₹5.1 Cr	0.43%
Nhpc Limited	Bond - Corporate Bond	₹5.1 Cr	0.43%
National Highways Authority Of India	Bond - Corporate Bond	₹5.09 Cr	0.43%
Nhpc Limited	Bond - Corporate Bond	₹5.07 Cr	0.43%
Power Finance Corporation Limited	Bond - Corporate Bond	₹5.07 Cr	0.43%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹5 Cr	0.43%
SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2	Mutual Fund - Open End	₹5 Cr	0.43%
State Bank Of India	Bond - Corporate Bond	₹4.97 Cr	0.42%
Power Grid Corporation Of India Limited	Bond - Corporate Bond	₹4.18 Cr	0.36%
7.1% Govt Stock 2029	Bond - Gov't/Treasury	₹4.13 Cr	0.35%
06.63 MH Sdl 2030	Bond - Gov't/Treasury	₹3.9 Cr	0.33%
06.51 KA Sdl 2030 30 Dec	Bond - Gov't/Treasury	₹3.59 Cr	0.31%
India Infrastructure Finance Company Limited	Bond - Corporate Bond	₹2.88 Cr	0.24%
07.04 GJ Sdl 2030	Bond - Gov't/Treasury	₹1.21 Cr	0.10%
6.19% Govt Stock 2034	Bond - Gov't/Treasury	₹0.97 Cr	0.08%
8.6% Govt Stock 2028	Bond - Gov't/Treasury	₹0.32 Cr	0.03%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Gov't/Treasury	₹472.37 Cr	40.21%
Bond - Corporate Bond	₹282.68 Cr	24.06%
Cash - Repurchase Agreement	₹265.42 Cr	22.60%
Bond - Sub-sovereign Government Debt	₹99.04 Cr	8.43%
Bond - Asset Backed	₹30.08 Cr	2.56%
Cash - Collateral	₹20.09 Cr	1.71%
Mutual Fund - Open End	₹5 Cr	0.43%

Risk & Performance Ratios

Fund Managers

Devang Shah

Since November 2012

Hardik Shah

Since April 2024

Additional Scheme Detailsas of 31st December 2025

ISIN

INF846K01DI3

Expense Ratio

0.32%

Exit Load

No Charges

Fund Size

₹1,175 Cr

Age

13 years

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty Composite Debt Index TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Dynamic Bond Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
ICICI Prudential All Seasons Bond Fund Direct Growth Moderately High risk	0.6%	0.0%	₹14944.14 Cr	7.7%
Union Dynamic Bond Fund Regular Growth Moderate Risk	1.6%	1.0%	₹102.69 Cr	3.7%
HSBC Dynamic Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹158.33 Cr	6.3%
SBI Dynamic Bond Direct Growth Moderate Risk	0.6%	0.0%	₹4468.55 Cr	6.6%
PGIM India Dynamic Bond Direct Growth Moderate Risk	0.4%	0.0%	₹97.45 Cr	6.3%
Bandhan Dynamic Bond Fund Direct Growth Moderate Risk	0.7%	0.0%	₹2434.54 Cr	4.9%
Nippon India Dynamic Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹4387.69 Cr	7.1%
JM Dynamic Bond Fund Direct Growth Moderate Risk	0.4%	0.0%	₹59.75 Cr	7.5%
Kotak Dynamic Bond Fund Direct Growth Moderately High risk	0.6%	0.0%	₹2677.11 Cr	6.7%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹117.14 Cr	7.8%
Mirae Asset Dynamic Bond Fund Regular Growth Low to Moderate Risk	1.0%	0.0%	₹117.14 Cr	6.9%
Quantum Dynamic Bond Fund Direct Growth Moderate Risk	0.5%	0.0%	₹118.34 Cr	6.7%
PGIM India Dynamic Bond Regular Growth Moderate Risk	1.6%	0.0%	₹97.45 Cr	5.0%
ITI Dynamic Bond Fund Regular Growth Moderate Risk	1.2%	0.0%	₹114.99 Cr	4.1%
Axis Dynamic Bond Fund Regular Growth Moderate Risk	0.6%	0.0%	₹1174.68 Cr	7.2%
ITI Dynamic Bond Fund Direct Growth Moderate Risk	0.1%	0.0%	₹114.99 Cr	5.2%
360 ONE Dynamic Bond Fund Regular Growth Moderately High risk	0.5%	0.0%	₹645.92 Cr	8.3%
360 ONE Dynamic Bond Fund Direct Growth Moderately High risk	0.3%	0.0%	₹645.92 Cr	8.6%
UTI Dynamic Bond Fund Regular Growth Moderate Risk	1.6%	0.0%	₹430.04 Cr	6.2%
Quantum Dynamic Bond Fund Regular Growth Moderate Risk	1.0%	0.0%	₹118.34 Cr	6.2%
ICICI Prudential All Seasons Bond Fund Regular Growth Moderately High risk	1.3%	0.0%	₹14944.14 Cr	6.9%
DSP Strategic Bond Fund Regular Growth Moderate Risk	1.2%	0.0%	₹1234.25 Cr	4.2%
HSBC Dynamic Bond Fund Regular Growth Moderate Risk	0.6%	0.0%	₹158.33 Cr	5.7%
UTI Dynamic Bond Fund Direct Growth Moderate Risk	0.7%	0.0%	₹430.04 Cr	7.1%
Axis Dynamic Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1174.68 Cr	7.6%
HDFC Dynamic Debt Fund Direct Growth Moderate Risk	0.8%	0.0%	₹726.53 Cr	5.4%
Aditya Birla Sun Life Dynamic Bond Fund Direct Growth Moderately High risk	0.6%	0.0%	₹1877.78 Cr	7.6%
Baroda BNP Paribas Dynamic Bond Fund Direct Growth Moderate Risk	0.7%	0.0%	₹170.36 Cr	5.3%
Canara Robeco Dynamic Bond Direct Growth Moderate Risk	0.7%	0.0%	₹105.27 Cr	4.6%
Union Dynamic Bond Fund Direct Growth Moderate Risk	1.3%	1.0%	₹102.69 Cr	4.0%
DSP Strategic Bond Fund Direct Growth Moderate Risk	0.5%	0.0%	₹1234.25 Cr	4.9%
Groww Dynamic Bond Fund Direct Growth Moderate Risk	0.5%	0.0%	₹78.62 Cr	5.1%
Aditya Birla Sun Life Dynamic Bond Fund Regular Growth Moderately High risk	1.2%	0.0%	₹1877.78 Cr	7.0%
JM Dynamic Bond Fund Regular Growth Moderate Risk	1.0%	0.0%	₹59.75 Cr	7.0%
Groww Dynamic Bond Fund Regular Growth Moderate Risk	1.3%	0.0%	₹78.62 Cr	4.2%
Baroda BNP Paribas Dynamic Bond Fund Regular Growth Moderate Risk	1.7%	0.0%	₹170.36 Cr	4.3%
SBI Dynamic Bond Regular Growth Moderate Risk	1.4%	0.0%	₹4468.55 Cr	5.7%
Mahindra Manulife Dynamic Bond Fund Regular Growth Moderately High risk	1.6%	0.0%	₹86.00 Cr	6.0%
Mahindra Manulife Dynamic Bond Fund Direct Growth Moderately High risk	0.4%	0.0%	₹86.00 Cr	7.3%
Nippon India Dynamic Bond Fund Regular Growth Moderate Risk	0.8%	0.0%	₹4387.69 Cr	6.6%
Bandhan Dynamic Bond Fund Regular Growth Moderate Risk	1.6%	0.0%	₹2434.54 Cr	4.0%
HDFC Dynamic Debt Fund Regular Growth Moderate Risk	1.4%	0.0%	₹726.53 Cr	4.6%
Kotak Dynamic Bond Fund Regular Growth Moderately High risk	1.3%	0.0%	₹2677.11 Cr	5.9%
Canara Robeco Dynamic Bond Regular Growth Moderate Risk	1.8%	0.0%	₹105.27 Cr	3.5%

About the AMC

Axis Mutual Fund

+91 22 43255161

https://www.axismf.com/

Total AUM

₹3,67,109 Cr

Address

Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025

Other Funds by Axis Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Axis Gold and Silver Passive FoF Direct Growth Very High Risk	-	0.0%	₹197.30 Cr	-
Axis Multi-Asset Active FoF Direct Growth Very High Risk	-	1.0%	₹1359.75 Cr	-
Axis Income Plus Arbitrage Passive Fund of Funds Direct Growth Low to Moderate Risk	0.0%	0.0%	₹137.34 Cr	-
Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹304.87 Cr	-
Axis Nifty500 Quality 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹73.44 Cr	-
Axis Services Opportunities Fund Direct Growth Very High Risk	0.7%	1.0%	₹1859.16 Cr	-
Axis Nifty AAA Bond Financial Services - Mar 2028 Index Fund Direct Growth Moderate Risk	-	0.0%	-	-
Axis Nifty500 Momentum 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹121.68 Cr	-
Axis CRISIL IBX AAA Bond NBFC HFC Jun 2027 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹54.80 Cr	8.4%
Axis Momentum Fund Direct Growth Very High Risk	0.6%	1.0%	₹1198.15 Cr	2.5%
Axis CRISIL-IBX AAA Bond Financial Services - Sep 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹22.52 Cr	8.4%
Axis Nifty500 Value 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹112.92 Cr	24.0%
Axis CRISIL IBX AAA NBFC Index Jun 2027 Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1879.29 Cr	8.4%
Axis Consumption Fund Direct Growth Very High Risk	0.6%	1.0%	₹3497.59 Cr	5.7%
Axis Nifty 500 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹312.93 Cr	10.3%
Axis Nifty Bank Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹149.48 Cr	23.0%
Axis CRISIL IBX SDL June 2034 Debt Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹8.30 Cr	4.9%
Axis S&P BSE Sensex Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹46.30 Cr	10.2%
Axis Fixed Term Plan Series 120 (91 Days) Direct Growth Moderate Risk	-	0.0%	-	-
Axis Fixed Term Plan Series 119 71 Days Direct Growth Low to Moderate Risk	-	-	-	-
Axis US Treasury Dynamic Bond ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹37.44 Cr	14.4%
Axis India Manufacturing Fund Direct Growth Very High Risk	0.5%	1.0%	₹5128.31 Cr	8.3%
Axis Fixed Term Plan Series 118 100 Days Direct Growth Moderate Risk	-	0.0%	-	-
Axis Fixed Term Plan Series 113 1228 Days Direct Growth Low to Moderate Risk	-	0.0%	₹92.41 Cr	7.6%
Axis Fixed Term Plan Series 110 1553 Days Direct Growth Moderate Risk	-	0.0%	-	-
Axis Fixed Term Plan Series 105 1128 Days Direct Growth Moderate Risk	-	0.0%	-	-
Axis Fixed Term Plan Series 112 1143 Days Direct Growth Low Risk	-	0.0%	₹76.51 Cr	7.0%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹67.89 Cr	7.6%
Axis Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹13573.62 Cr	7.7%
Axis Global Equity Alpha Fund of Fund Direct Growth Very High Risk	0.9%	1.0%	₹1440.53 Cr	27.5%
Axis Nifty Smallcap 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹549.76 Cr	3.4%
Axis Flexi Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹13025.69 Cr	6.5%
Axis Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹20781.21 Cr	7.5%
Axis Equity Hybrid Fund Direct Growth High Risk	1.1%	1.0%	₹1549.57 Cr	8.4%
Axis Special Situations Fund Direct Growth Very High Risk	1.3%	1.0%	₹1196.33 Cr	7.9%
Axis Corporate Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹9435.82 Cr	8.4%
Axis ESG Equity Fund Direct Growth Very High Risk	1.3%	1.0%	₹1204.47 Cr	6.8%
Axis Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹8400.40 Cr	7.1%
Axis Greater China Equity Fund of Fund Direct Growth Very High Risk	0.5%	1.0%	₹1841.16 Cr	50.9%
Axis Value Fund Direct Growth Very High Risk	0.8%	1.0%	₹1372.33 Cr	8.9%
Axis All Seasons Debt Fund of Funds Direct Growth Moderate Risk	0.1%	0.0%	₹2268.28 Cr	8.7%
Axis Quant Fund Direct Growth Very High Risk	0.7%	1.0%	₹914.38 Cr	5.5%
Axis Gilt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹686.47 Cr	5.9%
Axis Bluechip Fund Direct Growth Very High Risk	0.7%	1.0%	₹33555.82 Cr	9.5%
Axis Dynamic Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1174.68 Cr	7.6%
Axis Gold Fund Direct Growth High Risk	0.2%	1.0%	₹2166.98 Cr	79.1%
Axis Focused 25 Fund Direct Growth Very High Risk	0.8%	1.0%	₹11971.70 Cr	7.1%
Axis Regular Saver Fund Direct Growth Very High Risk	1.1%	1.0%	₹234.68 Cr	8.1%
Axis Strategic Bond Fund Direct Growth Moderately High risk	0.7%	1.0%	₹2058.74 Cr	8.9%
Axis Long Term Equity Fund Direct Growth Very High Risk	0.8%	0.0%	₹34262.95 Cr	8.0%

Risk Level

Your principal amount will be at Moderate Risk

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What is the current NAV of Axis Dynamic Bond Fund Direct Growth?

The NAV of Axis Dynamic Bond Fund Direct Growth, as of 14-Jan-2026, is ₹33.24.

What are the returns of Axis Dynamic Bond Fund Direct Growth?

The fund has generated 7.56% over the last 1 year and 7.55% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Axis Dynamic Bond Fund Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 75.27% in bonds, and 24.31% in cash and cash equivalents.

Who manages the Axis Dynamic Bond Fund Direct Growth?

The fund managers responsible for Axis Dynamic Bond Fund Direct Growth are:-

Devang Shah
Hardik Shah

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Axis Dynamic Bond Fund Direct Growth

Fund Overview