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Nippon India Dynamic Bond Fund

Dynamic Bond · Nippon Life India Asset Management Limited

In plain words

Among the 134 funds in its category, this one has grown money faster than most. ₹1 lakh invested 5 years ago would be about ₹1.3 lakh today. Investing ₹10,000 every month for the last 10 years would have put in ₹12.1 lakh and grown it to about ₹17.1 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹91,480. Its ride has historically been comparatively steady.

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Nippon India Dynamic Bond Fund is a Dynamic Bond fund from Nippon Life India Asset Management Limited. It has a track record of about 13.7 years. As of the latest data it carries an RS rating of 69/99 (its recent momentum versus category peers) and a King Score of 76/100 (a long-term quality composite). The current NAV is ₹42.33 (as of 2026-09-16).

At a glance. Long-term quality (King Score): 76/100 · Current momentum (RS): 69/99 · 5-year CAGR: 6.16% · Worst-ever fall: -8.52%
69RS rating
76King Score
7.24%3Y CAGR
6.16%5Y CAGR
-8.52%Max drawdown
0.36Sharpe 3Y
0.3%Expense
2613AUM ₹Cr

Growth of ₹100 - last 5 years

2021-092026-09
What ₹100 invested 5 years ago would be worth today, from actual NAV history.

Nippon India Dynamic Bond Fund returns: last 1, 3, 5 and 10 years

PeriodThis fundCategory average
1 month-0.72%-0.84%
3 months0.76%1.11%
6 months1.78%2.54%
1 year5.25%4.78%
3 years (CAGR)7.24%6.99%
5 years (CAGR)6.16%6.28%
10 years (CAGR)6.69%6.9%

The last 10 years return of Nippon India Dynamic Bond Fund works out to 6.69% a year (CAGR) - ₹1 lakh invested 10 years ago would be about ₹1.9 lakh today. The last 5 years return is 6.16% a year (₹1 lakh → ₹1.3 lakh), and the last 3 years return is 7.24% - ahead of its category's 6.99% average by 0.2 points. Its trailing one-year return is 5.25%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.

Year-by-year returns

YearNippon India Dynamic BBenchmark
2018+5.5%n/a
2019+9.2%n/a
2020+11.9%n/a
2021+3.2%n/a
2022+2.8%n/a
2023+7.1%n/a
2024+9.4%n/a
2025+7.5%n/a
2026+3.4%n/a

Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.

What a monthly SIP in Nippon India Dynamic Bond Fund would have made

A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.

SIP durationYou investedIt becameXIRR
3 years₹370,000₹408,2476.49%
5 years₹610,000₹724,7876.83%
10 years₹1,210,000₹1,706,9196.69%

Over 10 years, ₹1,210,000 invested in monthly instalments would have grown to about ₹1,706,919 - an XIRR of 6.69%. Figures are pre-tax and assume you stayed invested throughout.

Risk & drawdowns

MeasureThis fundCategory average
Worst drawdown (lifetime)-8.52%-5.55%
Worst drawdown (3Y)-1.52%-2.09%
Volatility (1Y)2.55%2.83%
Sharpe (3Y)0.360.25
Bull-market return6.9%6.88%
Bear-market return7.7%8.68%

Timing matters more than people admit: the best possible 1-year stretch in Nippon India Dynamic Bond Fund (starting 2014-01-31) gained 18.2%, while the worst (starting 2021-06-14) lost 0.9%. The worst peak-to-bottom fall Nippon India Dynamic Bond Fund has ever put investors through is -8.52% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about 7.7% annualised, versus 6.9% in rising markets.

How Nippon India Dynamic Bond Fund behaves when markets fall

When the market is falling (the Nifty below its 200-day average), Nippon India Dynamic Bond Fund has historically returned about 7.7% annualised, versus roughly 6.9% when the market is rising. Its deepest fall on record is -8.52%. Right now it sits about 0.72% below its all-time high (last hit 2026-08-14). The real question isn't the average year - it's whether you could hold on through the worst one.

How Nippon India Dynamic Bond Fund ranks in its category

Percentile versus its ~134 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.

3-year return
83th
Drawdown resilience
44th
Consistency
84th
Risk-adjusted (Sharpe)
84th

Consistency (rolling returns)

MeasureValue
Median 3Y rolling CAGR7.59%
3Y windows positive100.0%
Worst 3Y window3.92%
Median 5Y rolling CAGR7.06%
Median 10Y rolling CAGR7.59%

Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, Nippon India Dynamic Bond Fund returned a median of 7.59% a year, and 100.0% of those windows were positive.

Who manages Nippon India Dynamic Bond Fund - and how good are they?

Nippon India Dynamic Bond Fund is managed by Vivek Sharma, Pranay Sinha and Kinjal Desai. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.

Vivek Sharma's full record

Vivek Sharma currently runs 28 funds, across Aggressive Hybrid Fund, Corporate Bond Fund, Dynamic Bond, ELSS and more, with about ₹52,976 Cr under management. The book's average King Score is 65.2/100. Their strongest fund by King Score is Nippon India Corporate Bond Fund (91/100); Nippon India Dynamic Bond Fund ranks #9 of 28 in their book.

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#FundRSKing3M6M1Y3Y CAGR5Y CAGR10Y CAGRSharpeRoll 3YWorst fall
1Nippon India Corporate Bond Fund88911.3%3.0%5.5%7.5%6.8%7.3%0.868.0%-1.7%
2Nippon India Low Duration Fund96861.7%3.4%6.6%7.5%6.7%7.0%1.587.5%-2.0%
3Nippon India Short Duration Fund86831.2%2.8%5.8%7.7%6.7%7.3%1.117.9%-2.9%
4Nippon India Ultra Short Duration Fund97801.9%3.7%7.1%7.6%7.0%n/a2.07.0%-5.2%
5Nippon India Low Duration Fund96781.7%3.4%6.6%7.5%6.7%7.0%1.587.2%-10.5%
6Nippon India Nifty SDL Plus G-Sec - Jun 2028 Maturity 70 30 Index Fund76781.5%2.5%5.9%7.5%n/an/a0.847.8%-0.7%
7Nippon India Nifty AAA CPSE Bond Plus SDL - Apr 2027 Maturity 60 40 Index Fund86771.8%3.3%6.4%7.4%n/an/a1.327.5%-3.3%
8PGIM India Small Cap Fund73778.3%25.0%11.8%15.8%13.3%n/a0.5815.8%-24.6%
9Nippon India Dynamic Bond Fund (this page)69760.8%1.8%5.2%7.2%6.2%6.7%0.367.6%-8.5%
10Nippon India Nifty SDL Plus G-Sec-Jun 2029 Maturity 70 30 Index Fund64761.0%2.1%5.4%7.5%n/an/a0.617.6%-0.9%
11Nippon India Nifty AAA PSU Bond Plus SDL - Sep 2026 Maturity 50 50 Index Fund81751.5%3.0%6.0%7.2%n/an/a1.227.3%-0.2%
12Nippon India Nifty G-Sec Sep 2027 Maturity Index Fund69731.3%2.6%5.6%7.3%n/an/a0.797.5%-0.6%
13Nippon India Nifty G-Sec Oct 2028 Maturity Index Fund64721.1%2.2%5.2%7.3%n/an/a0.67.5%-1.1%
14Nippon India Nifty G-Sec Jun 2036 Maturity Index Fund53710.7%1.7%4.2%7.5%n/an/a0.38.1%-3.2%
15PGIM India Equity Savings Fund76601.3%2.7%3.2%6.4%6.1%7.5%-0.038.1%-16.2%
16PGIM India ELSS Tax Saver Fund69561.9%9.1%-2.1%8.1%9.6%13.1%0.1315.3%-36.7%
17PGIM India Flexi Cap Fund49501.9%8.3%-0.7%9.5%7.8%14.4%0.2214.2%-36.5%
18PGIM India Aggressive Hybrid Equity Fund4348-0.9%3.9%-3.5%8.2%6.8%9.5%0.1811.5%-31.2%
19PGIM India Large Cap Fund5846-0.8%2.8%-5.3%6.5%6.3%10.5%0.013.1%-37.4%
20PGIM India Midcap Fund26450.8%10.3%-1.8%10.3%9.9%16.1%0.2515.4%-36.4%
21PGIM India Emerging Markets Equity Fund of Fund3042-9.2%11.0%24.8%24.7%3.7%8.2%0.755.6%-48.9%
22PGIM India Global Select Real Estate Securities Fund of Fund2235-2.0%3.8%13.3%14.4%n/an/a0.59.8%-27.4%
23PGIM India Global Equity Opportunities Fund of Fund224-13.0%8.4%1.0%14.8%5.0%14.6%0.3614.6%-43.4%
24PGIM India Healthcare Fund96n/a9.8%23.0%22.4%n/an/an/a0.42n/a-14.4%
25Nippon India CRISIL - IBX AAA Financial Services - Dec 2026 Index Fund89n/a1.9%3.8%6.9%n/an/an/a1.4n/a-0.1%
26Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund85n/a1.8%3.3%6.2%n/an/an/a0.86n/a-0.4%
27PGIM India Multi Cap Fund78n/a4.1%14.5%5.8%n/an/an/a-0.21n/a-18.1%
28PGIM India Multi Asset Allocation Fundn/an/a0.7%3.2%n/an/an/an/an/an/a-8.6%

Pranay Sinha's full record

Pranay Sinha currently runs 5 funds, across Dynamic Bond, Gilt Fund, Long Duration Fund, with about ₹8,175 Cr under management. The book's average King Score is 76.8/100. Their strongest fund by King Score is Nippon India Nivesh Lakshya Long Duration Fund (90/100); Nippon India Dynamic Bond Fund ranks #3 of 5 in their book.

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#FundRSKing3M6M1Y3Y CAGR5Y CAGR10Y CAGRSharpeRoll 3YWorst fall
1Nippon India Nivesh Lakshya Long Duration Fund87901.1%1.8%2.2%6.1%5.6%n/a-0.116.9%-5.8%
2Nippon India Gilt Fund84801.2%2.7%3.9%6.3%5.6%7.4%-0.079.3%-6.5%
3Nippon India Dynamic Bond Fund (this page)69760.8%1.8%5.2%7.2%6.2%6.7%0.367.6%-8.5%
4Nippon India Gilt Fund84741.2%2.7%3.9%6.3%5.6%7.4%-0.079.2%-11.8%
5Nippon India Gilt Fund84641.2%2.7%3.9%6.3%5.6%7.4%-0.076.9%-36.5%

Kinjal Desai's full record

Kinjal Desai currently runs 51 funds, across Aggressive Hybrid Fund, Arbitrage Fund, Conservative Hybrid Fund, Corporate Bond Fund and more, with about ₹687,720 Cr under management. The book's average King Score is 71.3/100. Their strongest fund by King Score is Nippon India Corporate Bond Fund (91/100); Nippon India Dynamic Bond Fund ranks #18 of 51 in their book.

Tap any column heading to sort.

Swipe the table sideways to see all 13 columns →
#FundRSKing3M6M1Y3Y CAGR5Y CAGR10Y CAGRSharpeRoll 3YWorst fall
1Nippon India Corporate Bond Fund88911.3%3.0%5.5%7.5%6.8%7.3%0.868.0%-1.7%
2Nippon India Nivesh Lakshya Long Duration Fund87901.1%1.8%2.2%6.1%5.6%n/a-0.116.9%-5.8%
3Nippon India Liquid Fund97861.7%3.5%6.6%7.0%6.4%6.2%1.346.9%-0.2%
4Nippon India Low Duration Fund96861.7%3.4%6.6%7.5%6.7%7.0%1.587.5%-2.0%
5Nippon India Money Market Fund91861.9%3.5%6.6%7.4%6.8%6.8%1.597.4%-0.9%
6Nippon India Money Market Fund91861.9%3.5%6.6%7.4%6.8%6.8%1.597.4%-0.9%
7Nippon India Short Duration Fund86831.2%2.8%5.8%7.7%6.7%7.3%1.117.9%-2.9%
8Nippon India Conservative Hybrid Fund99821.6%3.5%7.0%8.5%8.2%6.0%0.978.5%-18.9%
9Nippon India Multi Asset Allocation Fund87810.9%4.8%11.7%18.3%15.2%n/a1.1618.4%-9.5%
10Nippon India Ultra Short Duration Fund97801.9%3.7%7.1%7.6%7.0%n/a2.07.0%-5.2%
11Nippon India Gilt Fund84801.2%2.7%3.9%6.3%5.6%7.4%-0.079.3%-6.5%
12Nippon India Low Duration Fund96781.7%3.4%6.6%7.5%6.7%7.0%1.587.2%-10.5%
13Nippon India Large Cap Fund3478-1.7%0.1%-5.2%9.9%12.6%13.9%0.2416.8%-40.0%
14Nippon India Large Cap Fund3478-1.7%0.1%-5.2%9.9%12.6%13.9%0.2416.8%-40.0%
15Nippon India Mid Cap Fund3877-0.5%7.8%5.7%17.3%17.2%18.1%0.6222.0%-35.3%
16Nippon India Mid Cap Fund3877-0.5%7.8%5.7%17.3%17.2%18.1%0.6222.0%-35.3%
17Nippon India Arbitrage Fund86761.6%3.1%6.7%7.3%6.8%6.5%0.836.9%-0.6%
18Nippon India Dynamic Bond Fund (this page)69760.8%1.8%5.2%7.2%6.2%6.7%0.367.6%-8.5%
19Nippon India Vision Large & Mid Cap Fund2076-0.9%3.8%-1.5%13.4%12.3%12.7%0.4416.9%-45.0%
20Nippon India Vision Large & Mid Cap Fund2076-0.9%3.8%-1.5%13.4%12.3%12.7%0.4416.9%-45.0%
21Nippon India Credit Risk Fund75751.8%3.9%8.0%8.9%7.9%6.6%2.658.7%-13.8%
22Nippon India Taiwan Equity Fund9974-6.9%38.3%112.8%58.2%n/an/a1.3336.4%-44.8%
23Nippon India Medium Duration Fund98742.9%3.3%6.6%8.6%6.9%3.8%1.097.0%-29.8%
24Nippon India Gilt Fund84741.2%2.7%3.9%6.3%5.6%7.4%-0.079.2%-11.8%
25Nippon India Value Fund2872-2.4%1.4%-3.6%12.9%13.0%14.8%0.419.1%-38.6%
26Nippon India US Equity Opportunities Fund87716.8%17.5%16.5%19.5%12.2%16.3%0.7616.7%-30.8%
27Nippon India Medium Duration Fund72711.4%2.9%6.2%8.3%6.8%3.7%0.977.0%-29.8%
28Nippon India Innovation Fund68714.6%12.8%0.8%13.9%n/an/a0.49n/a-21.5%
29Nippon India Japan Equity Fund89704.1%15.1%28.8%20.8%10.1%11.9%0.758.1%-29.9%
30Nippon India Japan Equity Fund89704.1%15.1%28.8%20.8%10.1%11.9%0.758.1%-29.9%
31Nippon India Pharma Fund75694.7%11.9%8.9%17.5%13.1%15.4%0.8219.9%-24.0%
32Nippon India Pharma Fund75694.7%11.9%8.9%17.5%13.1%15.4%0.8219.9%-24.0%
33Nippon India ELSS Tax Saver Fund3168-1.6%2.2%-0.8%11.1%11.2%10.5%0.315.5%-51.9%
34Nippon India Power & Infra Fund4567-3.3%7.6%6.0%17.2%19.8%17.4%0.5717.9%-53.2%
35Nippon India Power & Infra Fund4567-3.3%7.6%6.0%17.2%19.8%17.4%0.5717.9%-53.2%
36Nippon India Aggressive Hybrid Fund5766-0.1%2.8%-0.2%9.8%10.6%9.8%0.313.9%-42.4%
37Nippon India Gilt Fund84641.2%2.7%3.9%6.3%5.6%7.4%-0.076.9%-36.5%
38Nippon India Quant Fund2364-1.0%0.4%-1.3%12.7%12.5%13.7%0.3813.5%-32.8%
39Nippon India Quant Fund2364-1.0%0.4%-1.3%12.7%12.5%13.7%0.3813.6%-32.8%
40Nippon India Small Cap Fund40623.3%17.1%7.2%14.3%18.2%20.9%0.4625.8%-48.6%
41Nippon India Small Cap Fund40623.3%17.1%7.2%14.3%18.2%20.9%0.4625.8%-48.6%
42Nippon India Flexi Cap Fund4056-0.1%5.6%-2.1%9.4%10.4%n/a0.1917.2%-19.8%
43Nippon India Multi Cap Fund1556-1.2%3.9%-2.8%12.1%16.1%15.3%0.3717.3%-42.8%
44Nippon India Multi Cap Fund1556-1.2%3.9%-2.8%12.1%16.1%15.3%0.3717.3%-42.8%
45Nippon India Banking & Financial Services Fund4055-0.5%2.5%2.7%10.9%12.7%12.9%0.2816.5%-50.6%
46Nippon India Banking & Financial Services Fund4055-0.5%2.5%2.7%10.9%12.7%12.9%0.2816.5%-50.6%
47Nippon India Focused Fund3452-1.4%3.9%-1.5%8.3%9.9%12.8%0.1416.7%-43.4%
48Nippon India Consumption Fund41482.6%7.5%-8.1%9.1%12.0%13.2%0.1816.8%-31.0%
49Nippon India Consumption Fund41482.6%7.5%-8.1%9.1%12.0%13.2%0.1816.8%-31.0%
50Nippon India Active Momentum Fund69n/a2.3%10.6%8.8%n/an/an/a0.64n/a-11.8%
51Nippon India MNC Fund27n/a-2.4%4.4%-1.3%n/an/an/an/an/a-13.1%

A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.

Cost & fund basics

DetailValue
Expense ratio (Direct)0.3%
Exit load≈1% if redeemed within 1 year (typical)
Minimum investment₹5000
Fund size (AUM)₹2,613 Cr
Age13.7 years
Plan / OptionDirect · Growth

How Nippon India Dynamic Bond Fund compares to peers

FundRSKing3Y CAGR
Kotak Dynamic Bond Fund96927.8%
ICICI Prudential All Seasons Bond Fund83897.6%
Mahindra Manulife Dynamic Bond Fund81897.4%
360 ONE Dynamic Bond Fund90868.0%
Aditya Birla Sun Life Dynamic Bond Fund87857.6%
Mirae Asset Dynamic Bond Fund58846.9%
Compare side by side. Chart Nippon India Dynamic Bond Fund against these peers on one screen - rebased returns, drawdowns, rolling windows and stock-level overlap.
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Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.

What these numbers mean

RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.

Nippon India Dynamic Bond Fund review: the bottom line

On the data, its strengths are a strong long-term quality score (76/100), a low expense ratio (0.3%). Whether it fits you depends on your goals, horizon and risk appetite - this page describes the fund, it does not recommend it.

Related

Frequently asked questions

Is Nippon India Dynamic Bond Fund a good mutual fund?

That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, Nippon India Dynamic Bond Fund scores 76/100 on our King Score and RS 69/99 within its category, has compounded 7.24% a year over three years, and its worst drawdown was -8.52%. Compare those against your needs and the peer table above.

What is the NAV of Nippon India Dynamic Bond Fund today?

The latest NAV is ₹42.33 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.

What is the last 10 years return of Nippon India Dynamic Bond Fund?

Over the last 10 years Nippon India Dynamic Bond Fund has returned about 6.69% a year (CAGR). In rupees: ₹1 lakh invested 10 years ago would be roughly ₹1.9 lakh today, before tax. See the year-by-year table above for how uneven the ride was.

What is the expense ratio of Nippon India Dynamic Bond Fund?

The Direct-plan expense ratio is 0.3% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.

Who is the fund manager of Nippon India Dynamic Bond Fund?

Nippon India Dynamic Bond Fund is managed by Vivek Sharma; Pranay Sinha; Kinjal Desai; Amber Singhania.

Is Nippon India Dynamic Bond Fund safe? How risky is it?

No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -8.52% - ₹1 lakh briefly becoming about ₹91,480. As a debt fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.

Is Nippon India Dynamic Bond Fund good for SIP?

We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 10 years grew ₹12.1 lakh into about ₹17.1 lakh (XIRR 6.69%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.

What are the SIP returns of Nippon India Dynamic Bond Fund?

A ₹10,000/month SIP over 10 years would have grown to about ₹1,706,919 (an XIRR of 6.69%) on ₹1,210,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.

How does Nippon India Dynamic Bond Fund rank among similar funds?

On 3-year returns it sits around the 83th percentile of its category, and its consistency ranks 84th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.

Is Nippon India Dynamic Bond Fund tax-efficient / what about capital gains?

As a debt fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.

Direct or Regular plan - which is shown here?

All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.

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Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.

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