Bandhan Dynamic Term Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bandhan Dynamic Term Fund Direct Growth Plan currently has a NAV of ₹40.1673 as of 09 Sep 2026 and a scheme AUM of ₹1,926 Cr. Its 1-year, 3-year and 5-year returns are 7.36%, 7.66% and 6.14%, and the fund sits in the Balanced Risk bucket.

Our view is that this is a fairly measured debt option for investors who want steadier compounding than equity-like outcomes, but not a flat line. The portfolio is dominated by cash-like exposure and high-quality debt instruments, so the return pattern has been stable rather than flashy.

Quick facts

Particular	Details
NAV	₹40.1673 as of 09 Sep 2026
AUM	₹1,926 Cr
Expense Ratio	0.71%
Launch Date	01 Jan 2013
Min SIP	₹100
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Debt
Exit Load	No exit load
Fund Managers	Suyash Choudhary

The fund is managed by Suyash Choudhary.

Source data date: as of 09 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.43%	-4.69%
3M	2.13%	0.93%
1Y	7.36%	-7.16%
3Y	7.66%	6%
5Y	6.14%	5.87%

The recent pattern is mixed, but it is not weak in context. The fund slipped slightly over the latest month, yet that was far milder than the benchmark’s decline. Over three months, it stayed ahead of the benchmark as well, which tells us the short-term trend has been more resilient than the index.

The one-year number stands out because the fund delivered a positive return while the benchmark was negative. That matters for investors who care about drawdown control, because it suggests the strategy has handled the recent cycle better than the broad market proxy used here.

Over longer stretches, the picture is steadier than exciting. The 3-year return is slightly ahead of the benchmark, while the 5-year return is also marginally higher. That combination says the fund has not relied on a single strong year; it has compounded at a moderate pace across different phases.

The time pattern also looks more stable than volatile. Returns have moved in a relatively contained range rather than showing sharp surges or deep drawdowns, which fits a debt-oriented strategy that is aiming for balance rather than aggressive growth.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD Bandhan Dynamic Term?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Bandhan Dynamic Term Fund Direct Growth Plan	7.36%	7.66%	6.14%
Axis Dynamic Term Fund Direct Growth Plan	6.61%	7.52%	6.28%
Kotak Dynamic Term Fund Direct Growth Plan	6.57%	7.87%	6.64%
360 ONE Dynamic Term Fund Direct Growth Plan	6.48%	8.19%	6.91%
ICICI Pru Dynamic Term Fund Direct Growth Plan	6.02%	7.82%	7.09%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

In the last year, the fund has been stronger than the peer set shown here, with a higher 1-year return than all four comparables and a better one-year outcome than the benchmark as well. That gives the recent record a clear defensive edge.

On the longer horizon, the comparison is tighter. The 3-year return trails some peers that have compounded a bit faster, and the 5-year return is also middling versus the group. So the short-term story looks better than the longer-term relative story.

That split is important: the fund has recently held up well, but its longer-run compounding is more moderate than the stronger peer outcomes available here. For investors, that usually points to a strategy that has been steadier in the near term rather than one that has consistently pushed the fastest long-run growth.

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Triparty Repo TRP_010926	Cash & Cash Equivalents and Net Assets	73.37%
7.36% GOI (MD 12/09/2052)	Government Securities	6.94%
Small Industries Dev Bank of India **	Certificate of Deposit	6.06%
Net Current Assets	Cash & Cash Equivalents and Net Assets	4.99%
7.3% GOI (MD 19/06/2053)	Government Securities	3.17%
7.685% Tata Capital Housing Finance Limited **	Corporate Debt	3.11%
7.1% Bajaj Housing Finance Limited **	Corporate Debt	1.53%

The largest holding is Triparty Repo TRP_010926 at 73.37%, which is very large in absolute terms and tells us the fund has a strong liquidity buffer at this point. That single position can shape day-to-day stability more than most other holdings can.

There is a steep drop from that first holding to the rest of the portfolio. The next biggest positions are all in low single digits, which means the visible exposure narrows sharply after the cash-like core and the government bond sleeve.

Because the disclosed holdings add up to 99.17% and there are only seven disclosed rows, the portfolio is highly concentrated in the visible positions rather than spread across a long tail. That concentration may support stability, but it also means the fund’s behavior is likely to be influenced by a small set of instruments.

Source data date: as of 09 Sep 2026

Who should invest

This fund may suit investors who can accept moderate risk in exchange for a smoother return profile than equities. The Balanced Risk label, the positive but modest longer-term returns, and the generally steady movement pattern all point to a debt strategy that is built for stability first.

The better fit is usually a medium- to long-term horizon, because the 1-year result looks strong relative to the benchmark and peers, while the 3-year and 5-year figures show more measured compounding. The main trade-off is that you may give up some upside versus faster-compounding peers in return for a portfolio that has been materially steadier in recent periods.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: No exit load.

Source data date: as of 09 Sep 2026

Frequently asked questions

What is the current NAV of Bandhan Dynamic Term Fund Direct Growth Plan?

The current NAV is ₹40.1673 as of 09 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The 1-year return is 7.36%, the 3-year return is 7.66%, and the 5-year return is 6.14%.

How does this fund compare with the benchmark?

It has done better than the benchmark over 1 year, 3 years and 5 years. The gap is especially clear over 1 year, where the benchmark was negative.

How does it compare with the peer funds shown here?

The fund has the strongest 1-year return among the funds shown, while its 3-year and 5-year figures are more moderate. That makes the short-term picture look better than the longer-term peer comparison.

What is the exit load?

There is no exit load on this fund.

Who manages the fund and what is the risk profile?

The fund is managed by Suyash Choudhary and sits in the Balanced Risk category. Its portfolio is heavily tilted toward cash-like exposure and government securities at the disclosed level.

Bottom line

Bandhan Dynamic Term Fund Direct Growth Plan has looked steadier recently than its longer-term compounding suggests, especially against the benchmark and the peer set shown here. The fund’s Balanced Risk profile, low expense ratio, and heavy cash-like allocation point to a cautious debt strategy rather than an aggressive return chase. For investors who prefer a relatively contained ride and can accept moderate upside, the fund fits better than it does for those seeking the fastest long-run compounding.

Published on 10 September 2026 at 4:08 PM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.