ICICI Prudential · Dynamic Term

ICICI Prudential Dynamic Term Fund

Income/Debt Oriented Schemes - Dynamic Term Fund Direct plan, growth riskometer: Moderately high benchmark: NIFTY Composite Debt Index A-III launched 12 Mar 2008 open-ended

At a glance

the fund as it stands today, from public disclosures

NAV, 21 Sep 2026

₹42.62

+0.15% since 18 Sep 2026, the previous NAV

1 year

5.6%

return

3 years

7.7%

a year

5 years

7.0%

a year

Since launch

9.0%

a year, over 12.0 years

Assets (AUM)

₹13,261 Cr

Aug 2026 factsheet

Expense ratio, Direct / Regular

0.54% / 1.13%

a year, as of Aug 2026

Holdings

top ten are 39% of the fund · Aug 2026

Disclosed history

13 yrs

Jan 2013 – Aug 2026 · 4 of 11 checks could run

Fund managers

Manish Banthia · since Sep 2012Nikhil Kabra · since May 2023

All managers →

What only Anveshan can tell you

measured from the disclosures, not quoted from a brochure — each links to how it was done

P5Cost, measured

Regular plan costs 0.54 percentage points a year more than Direct

₹13,097 on ₹1 lakh over ten years. Same portfolio, two prices — the difference is what the Regular plan's distribution costs you, read from the two NAVs.

See how it is measured →

P7Whose record

Run by Manish Banthia for 14 yrs

with Nikhil Kabra. A return earned before they arrived is the house's record, not theirs — the tenure table shows the fund against its category over exactly their months.

Manish Banthia's other funds →

NAVTracking gap

Not replicated: the portfolio cannot be priced line by line in this build.

Each day, the NAV the fund published against the NAV its last disclosed portfolio would have produced at that day's prices. A gap that opens and stays is a change the fund has made and not disclosed yet.

See the daily gap →

P4Consistency

Beat its category in 100% of three-year stretches, and averaged +1.2 percentage points a year across all of them

109 rolling windows since 2014 · ahead by 1.2 percentage points a year when it won — and never lost one. A single five-year figure depends on the day you look; the share of stretches won does not — and the average margin says whether winning often was worth anything.

See every window →

headline and record disagree One check found the headline number and the underlying record pointing different ways — marked on the cards below.

NAV and drawdown

Direct plan, growth class · as of 21 Sep 2026

Month-end NAV, indexed to 100 at Sep 2014

145 month-ends · ₹15.23 → ₹42.62, 2.8× since Sep 2014

Deepest fall (max drawdown)

−1.5%

11 Mar 2026 → 2 Apr 2026

Worst month

−1.1%

Mar 2026

Days to recover

from the deepest trough back to the old high

Drawdown is measured on the last year of daily NAV; trailing returns are CAGR of the direct growth class. A single end date decides them — the consistency card (P4) below is the record that does not, and it reports both how often the fund beat its category and by how much, because the first without the second can point the wrong way.

Holdings

Aug 2026 disclosure · 98 lines · when each was first held and the change over the last three disclosures

#	Holding	Sector	Weight	First held	Held for	3-mo change
1	Government Securities government security	—	9.27%	May 2025	1.3 yrs	+1.22% points
2	LIC Housing Finance Ltd. ** corporate bond	—	7.13%	Mar 2025	1.5 yrs	+0.33% points
3	Government Securities government security	—	5.38%	Feb 2025	1.6 yrs	−2.86% points
4	Government Securities government security	—	3.44%	Aug 2025	1.1 yrs	+0.58% points
5	Vedanta Ltd. corporate bond	—	3.05%	Feb 2025	1.6 yrs	+0.15% points
6	Cholamandalam Investment And Finance Company Ltd. ** corporate bond	—	2.28%	May 2026	4 mo	+0.09% points
7	Muthoot Finance Ltd. ** corporate bond	—	2.27%	Jul 2026	2 mo	+2.27% points
8	Government Securities government security	—	2.26%	Feb 2025	1.6 yrs	−0.47% points
9	Net Current Assets cash equivalent	—	2.17%	Apr 2015	11 yrs	−0.11% points
10	State Government of Maharashtra government security	—	2.14%	Jul 2025	1.2 yrs	+0.11% points
11	Vedanta Ltd. corporate bond	—	2.11%	Jun 2025	1.3 yrs	+0.11% points
12	State Government of Maharashtra government security	—	2.08%	Jul 2025	1.2 yrs	+0.11% points
13	State Government of Maharashtra government security	—	1.93%	Mar 2025	1.5 yrs	+0.09% points
14	State Government of Madhya Pradesh government security	—	1.83%	Aug 2025	1.1 yrs	+0.10% points
15	State Government of Rajasthan government security	—	1.80%	Aug 2025	1.1 yrs	+0.09% points
16	State Government of Maharashtra government security	—	1.71%	Mar 2025	1.5 yrs	+0.09% points
17	State Government of Maharashtra government security	—	1.71%	Jul 2025	1.2 yrs	+0.09% points
18	Godrej Properties Ltd. ** corporate bond	—	1.52%	Jul 2024	2.2 yrs	+0.07% points
19	Adani Enterprises Ltd. ** corporate bond	—	1.52%	Oct 2025	11 mo	+0.08% points
20	Tata Projects Ltd. ** corporate bond	—	1.52%	Feb 2025	1.6 yrs	+0.07% points
21	Oberoi Realty Ltd. ** corporate bond	—	1.51%	Oct 2024	1.9 yrs	+0.07% points
22	Government Securities government security	—	1.50%	May 2026	4 mo	−0.33% points
23	State Government of Madhya Pradesh government security	—	1.50%	Aug 2025	1.1 yrs	+0.08% points
24	State Government of Telangana government security	—	1.34%	Feb 2026	7 mo	+0.07% points
25	JTPM Metal Traders Ltd. ** corporate bond	—	1.31%	Sep 2025	1.0 yrs	+0.09% points
26	Cholamandalam Investment And Finance Company Ltd. ** corporate bond	—	1.15%	Feb 2025	1.6 yrs	+0.05% points
27	Indostar Capital Finance Ltd. ** corporate bond	—	1.14%	Dec 2024	1.8 yrs	+0.05% points
28	Truhome Finance Ltd. ** corporate bond	—	1.12%	Jun 2026	3 mo	+1.12% points
29	State Government of Uttar Pradesh government security	—	1.12%	Oct 2025	11 mo	+0.06% points
30	Cholamandalam Investment And Finance Company Ltd. ** corporate bond	—	1.05%	Jun 2025	1.3 yrs	+0.05% points
31	Motilal oswal finvest Ltd ** corporate bond	—	0.95%	Sep 2025	1.0 yrs	+0.04% points
32	Lodha Developers Ltd. ** corporate bond	—	0.95%	Dec 2024	1.8 yrs	+0.05% points
33	Manappuram Finance Ltd. ** corporate bond	—	0.95%	Apr 2026	5 mo	+0.04% points
34	State Government of Maharashtra government security	—	0.94%	Sep 2025	1.0 yrs	+0.05% points
35	TREPS / cash equivalents TREPS · money market	—	0.93%	Jan 2019	7.7 yrs	−0.09% points
36	State Government of Karnataka government security	—	0.82%	Mar 2025	1.5 yrs	+0.04% points
37	State Government of Chhattisgarh government security	—	0.82%	Mar 2025	1.5 yrs	+0.04% points
38	Eris Lifesciences Ltd. ** corporate bond	—	0.80%	Jun 2024	2.3 yrs	+0.04% points
39	Government Securities government security	—	0.78%	Aug 2025	1.1 yrs	+0.04% points
40	Aptus Value Housing Finance India Ltd. ** corporate bond	—	0.76%	Dec 2024	1.8 yrs	+0.04% points
41	Muthoot Finance Ltd. ** corporate bond	—	0.76%	May 2024	2.3 yrs	+0.03% points
42	Indostar Capital Finance Ltd. ** corporate bond	—	0.76%	May 2025	1.3 yrs	+0.03% points
43	Aptus Value Housing Finance India Ltd. ** corporate bond	—	0.76%	Sep 2024	2.0 yrs	+0.03% points
44	TMF Holdings Ltd. ** corporate bond	—	0.76%	Jul 2023	3.2 yrs	+0.04% points
45	360 One Prime Ltd ** corporate bond	—	0.76%	Jan 2026	8 mo	+0.03% points
46	Adani Power Ltd. ** corporate bond	—	0.76%	Jan 2026	8 mo	+0.04% points
47	State Government of Himachal pradesh government security	—	0.75%	Aug 2025	1.1 yrs	+0.04% points
48	State Government of Rajasthan government security	—	0.75%	Sep 2025	1.0 yrs	+0.03% points
49	State Government of Madhya Pradesh government security	—	0.74%	Sep 2025	1.0 yrs	+0.04% points
50	NABARD money market	—	0.73%	Jul 2026	2 mo	+0.73% points
51	State Government of Rajasthan government security	—	0.67%	Sep 2025	1.0 yrs	+0.03% points
52	State Government of Andhra Pradesh government security	—	0.67%	Sep 2025	1.0 yrs	+0.04% points
53	TVS Credit Services Ltd. ** corporate bond	—	0.62%	Jul 2022	4.2 yrs	+0.03% points
54	State Government of Rajasthan government security	—	0.59%	Dec 2025	9 mo	+0.03% points
55	Cholamandalam Investment And Finance Company Ltd. ** corporate bond	—	0.57%	Mar 2025	1.5 yrs	+0.02% points
56	Lodha Developers Ltd ** corporate bond	—	0.57%	Jun 2026	3 mo	+0.57% points
57	Nuvama Wealth Finance Ltd. ** corporate bond	—	0.57%	Aug 2026	1 mo	+0.57% points
58	State Government of Madhya Pradesh government security	—	0.54%	Sep 2025	1.0 yrs	+0.03% points
59	Aadhar Housing Finance Ltd. ** corporate bond	—	0.53%	Apr 2025	1.4 yrs	+0.02% points
60	State Government of Telangana government security	—	0.47%	Jun 2026	3 mo	+0.47% points
61	Hampi Expressways Private Ltd. ** corporate bond	—	0.45%	Aug 2023	3.1 yrs	+0.02% points
62	State Government of Maharashtra government security	—	0.40%	Jul 2025	1.2 yrs	+0.02% points
63	State Government of Telangana government security	—	0.39%	Jun 2025	1.3 yrs	+0.02% points
64	TVS Credit Services Ltd. ** corporate bond	—	0.39%	Feb 2023	3.6 yrs	+0.02% points
65	State Government of Bihar government security	—	0.38%	Sep 2025	1.0 yrs	+0.02% points
66	Motilal Oswal Home Finance Ltd ** corporate bond	—	0.38%	Jan 2025	1.7 yrs	+0.02% points
67	State Government of Haryana government security	—	0.37%	Feb 2026	7 mo	+0.02% points
68	State Government of Haryana government security	—	0.36%	Aug 2025	1.1 yrs	+0.02% points
69	State Government of Andhra Pradesh government security	—	0.34%	Sep 2025	1.0 yrs	−0.30% points
70	Corporate Debt Market Development Fund (Class A2) structured product	—	0.33%	Oct 2023	2.9 yrs	+0.02% points
71	Government Securities government security	—	0.31%	Nov 2021	4.8 yrs	+0.01% points
72	360 One Prime Ltd. ** corporate bond	—	0.30%	Oct 2025	11 mo	+0.01% points
73	State Government of Andhra Pradesh government security	—	0.28%	Sep 2025	1.0 yrs	+0.01% points
74	Aavas Financiers Ltd. ** corporate bond	—	0.26%	Nov 2021	4.8 yrs	+0.01% points
75	State Government of West Bengal government security	—	0.25%	Mar 2025	1.5 yrs	+0.01% points
76	State Government of Gujarat government security	—	0.24%	Oct 2025	11 mo	+0.01% points
77	State Government of Haryana government security	—	0.21%	Sep 2025	1.0 yrs	+0.01% points
78	JM Financial Credit Solution Ltd. ** corporate bond	—	0.19%	Apr 2026	5 mo	+0.01% points
79	Bahadur Chand Investments Pvt. Ltd. ** corporate bond	—	0.19%	Mar 2024	2.5 yrs	+0.01% points
80	Bahadur Chand Investments Pvt. Ltd. ** corporate bond	—	0.19%	Mar 2024	2.5 yrs	+0.01% points
81	Sansar Trust ** corporate bond	—	0.16%	Sep 2024	2.0 yrs	−0.04% points
82	Eris Lifesciences Ltd. ** corporate bond	—	0.16%	Jun 2024	2.3 yrs	+0.01% points
83	Sheela Foam Ltd. ** corporate bond	—	0.15%	Oct 2023	2.9 yrs	+0.01% points
84	Godrej Seeds & Genetics Ltd. ** corporate bond	—	0.15%	Jul 2025	1.2 yrs	+0.01% points
85	Godrej Seeds & Genetics Ltd. ** corporate bond	—	0.15%	Jul 2025	1.2 yrs	+0.01% points
86	Godrej Seeds & Genetics Ltd. ** corporate bond	—	0.15%	Jul 2025	1.2 yrs	+0.01% points
87	Godrej Seeds & Genetics Ltd. ** corporate bond	—	0.15%	Jul 2025	1.2 yrs	+0.01% points
88	Government Securities government security	—	0.15%	May 2021	5.3 yrs	+0.01% points
89	Phoenix Arc Pvt Ltd. ** corporate bond	—	0.12%	Dec 2025	9 mo	+0.01% points
90	State Government of Odisha government security	—	0.12%	Sep 2025	1.0 yrs	+0.01% points
91	TVS Credit Services Ltd. ** corporate bond	—	0.11%	Dec 2021	4.8 yrs	+0.01% points
92	State Government of Maharashtra government security	—	0.10%	Sep 2025	1.0 yrs	0.00% points
93	JM Financial Products Ltd. ** corporate bond	—	0.09%	Jul 2024	2.2 yrs	−0.09% points
94	Government Securities government security	—	0.05%	Feb 2025	1.6 yrs	0.00% points
95	Rural Electrification Corporation Ltd. ** corporate bond	—	0.04%	Nov 2019	6.8 yrs	0.00% points
96	Aadhar Housing Finance Ltd. ** corporate bond	—	0.04%	Feb 2024	2.6 yrs	0.00% points
97	NABARD ** corporate bond	—	0.01%	Mar 2019	7.5 yrs	0.00% points
98	Government Securities government security	—	—	Apr 2024	2.4 yrs	—

Showing 1–98 of 98 rows per page10 25 50all

Largest sectors, latest disclosure

Not yet computable. Sector labels come from the disclosures; none were mapped for this fund.

By market cap, latest disclosure

Not yet computable. Needs cap tiers for every holding.

The seven checks, in full

each: the plain claim, where it sits in the category, and — folded — how it is measured and the case against. A flag fires only where headline and record disagree.

P4 Consistency, not a single end date headline and record disagree

Beat its category in 100% of three-year stretches, and averaged +1.2 percentage points a year across all of them

109 rolling windows since 2014 · ahead by 1.2 percentage points a year when it won — and never lost one

What this means. Take every three-year stretch since the fund had a NAV, one starting each month, and ask two things of each: did it beat the typical fund in its category, and by how much. Counting the wins tells you the record does not depend on when you happen to look; averaging the margin tells you whether winning often was worth anything, because four small wins do not pay for one large loss.

How often, and by how much. The count and the average agree. It did not lose one of the 109, so the average across all of them is the average win, +1.2 percentage points.

Why this matters: Can a fund beat its category most of the time and still be behind? 7 min

100%

lowest in categoryhighest in category

95th percentile · top decile of 21 funds · category median 39%

windows measured109windows won109average across every window+1.18% points a year · median +1.04when ahead, by how much+1.18% points a year over 109 windowsworst window+0.49% points a year, ended Apr 2025best window+2.20% points a year, ended Jan 2019non-overlapping windows in that span4 — the rolling count overlaps, this does not

Fund minus category, each rolling three-year window

ahead of categorybehind

Each bar is one window's margin in percentage points a year. The height of the bars, not the count of green ones, is what the average across every window measures.

A modest five-year number over a record that beat its category 100% of the time. Rolling every three-year window forward month by month gives hundreds of overlapping observations instead of one. This fund was ahead of its category median in 100% of them, which points the opposite way to the headline figure. A single end date decided that headline.

How it is measured, and the case against

A fund that beats its category in most rolling three-year windows has a record; one that beats it in a few has an end date. How often it won and by how much are different questions, and this card answers both, because a fund can win four windows in five and still be behind across all five.

How often has it beaten its category, across every window?

Why this might matterRolling every three-year window forward month by month gives hundreds of overlapping observations instead of one. A single end date decides a headline five-year figure; the share of windows won cannot be flattered by when you happen to look. The average margin across every window is that share and the payoff multiplied together — win share x average beat plus loss share x average shortfall is exactly the average — so a high share bought with a few ruinous windows cannot hide behind the count.

Why it might notRolling windows overlap heavily, so they are not independent observations and the true sample is far smaller than the count suggests.

P5 Cost, measured

Regular plan costs 0.54 percentage points a year more than Direct

₹13,097 on ₹1 lakh over ten years

What this means. The Regular and Direct plans hold the same portfolio; the Regular one pays a distributor out of your money every day. The gap between the two NAVs is that cost, measured from the NAVs rather than quoted from a document.

Why this matters: What does a Regular plan actually cost? 6 min

0.54% points a year

costliest in categorycheapest in category

89th percentile · top quartile of 21 funds · category median 0.76% points

on ₹1,00,000 over ten years₹13,097Direct vs Regular, annualised10.7% vs 10.1%measured over5.58 years

How it is measured, and the case against

The Direct plan is the same portfolio, priced differently; the divergence of the two NAVs is the cost, measured rather than quoted.

What does the Regular plan actually cost against its Direct twin?

Why this might matterSame manager, same holdings, same day. The gap between the two NAV series is the one number on this page that is knowable today rather than hoped for, and it compounds for as long as the units are held.

Why it might notA Regular plan buys advice. If that advice stops someone selling in a drawdown it can be worth more than the fee — the cost is visible and the behavioural saving is not, which makes this comparison unfair in exactly one direction.

P1 Churn, and what it bought

Not measurable yet. Needs at least two consecutive monthly disclosures.

What this means. How much of the portfolio was bought and sold in a year, computed from what the fund disclosed each month. Trading costs something certain; the extra return it is meant to buy is not.

Why this matters: What does a monthly portfolio not tell you? 6 min

How it is measured, and the case against

Turnover measured from consecutive disclosures — Σ|Δweight|/2 — costs something certain; the excess return it is meant to buy is not.

Is the trading paying for itself?

Why this might matterAMCs define their own turnover figure inconsistently. This one is computed from what the fund disclosed month to month, so two funds are comparable on it. Read it beside the excess return per unit of turnover.

Why it might notTurnover computed from month-end snapshots misses everything bought and sold inside a month, and a fund forced to sell by redemptions is charged for churn it did not choose.

P2 Conviction or inertia

Not measurable yet. Needs the holdings history for this fund; not computed yet.

What this means. How long a typical top-10 position has been in the top ten. Long-held positions are a decision; a top ten that changes every quarter is a reaction.

How it is measured, and the case against

The median months a top-10 position has been held separates a portfolio somebody chose from one that drifted.

How long does a top-10 position stay a top-10 position?

Why this might matterConcentration is how a manager expresses conviction, and persistence is how long they keep it. Long-held positions with a rising weight are a decision; a top ten that turns over every quarter is a reaction.

Why it might notPersistence without active share is inertia: a portfolio of 166 names that tracks its category closely has diversified away the reason to pay for it. Active share needs index constituent files, which are not loaded yet.

P3 Hit rate of the top ten

Not measurable yet. Detector not yet written: needs each disclosure's top ten joined to six months of forward prices. Holdings and prices are in hand.

What this means. Take each month's ten largest holdings and check whether each one beat the typical stock its category holds over the next six months, and by how much. A blended return can hide two wins and eight losses; a count of wins can hide one position that lost half its value.

Why this matters: Can a fund beat its category most of the time and still be behind? 7 min

How it is measured, and the case against

A manager's largest bets, judged one by one over the following six months, say more than the fund's blended return — and how far each one beat or missed the median stock says more than counting how many did.

Of its top-10 positions, how often did they beat the category-median stock?

Why this might matterA fund can beat its category on two positions and lose on eight; the hit rate shows the pattern the aggregate hides. The average margin then shows what the hit rate hides in turn: six winners worth a point each do not pay for four losers worth ten, and only the margin says which happened.

Why it might notSix months is short, sizing matters more than counting, and a manager who is right on the biggest position and wrong on nine small ones has done their job — the margins here are unweighted, so they answer the counting question better, not the sizing one. Overlapping disclosures judge the same position again each month it is held, so one long-held winner is counted many times. And this is a description of six months already past, not a forecast of the next six.

P6 Size against edge

₹13,261 Cr; 22% of growth came from outflows

Regular plan expense ratio 1.32% a year

What this means. Where the fund sits by size in its category, and how much of its growth was money arriving rather than the portfolio compounding. A very large fund cannot buy what a small one can; size should buy a lower fee in return.

1.32% TER

costliestcheapest

50th percentile · above median of 21 funds · category median 1.32%

expense ratio, Regular / Direct1.32% / 0.63% · category median 1.32%AUM, Aug 2023 → Aug 2026₹10,987 Cr → ₹13,261 Cr (+6% a year)of that change, from flows rather than returns22% net outflows · NAV +25% over the window

Assets under management, ₹ crore, Jun 2010 – Aug 2026

108 points · months without a factsheet figure use AMFI's quarterly average · Regular-plan expense ratio 1.35% in Jun 2018 → 1.32% in Sep 2026

How it is measured, and the case against

Past a certain size the smaller end of a mandate becomes unreachable, and the fund starts to look like its index; what size should buy in return is a lower expense ratio.

Has the fund outgrown the universe it invests in — and did size buy a lower fee?

Why this might matterSize narrows what the manager can meaningfully hold and should lower what the investor pays. Read the AUM history beside the expense ratio: a fund that has tripled through inflows while its Regular-plan TER sits above the category median has kept the benefit of scale for the house. The flow decomposition says how much of the growth was money arriving rather than the portfolio compounding.

Why it might notScale funds research teams, and plenty of large funds have gone on compounding for decades. Inflows follow performance, so a fund growing fast is usually one that did well; the constraint is real but not automatically binding, and a TER is a ceiling the AMC can cut at any time.

P7 Whose record is this

Run by Manish Banthia for 14 yrs

with Nikhil Kabra

What this means. How long the people running it now have been running it, read from the monthly factsheets. A five-year record earned under someone else is not evidence about these managers.

Why this matters: Whose record is the three-year number? 5 min

14 yrs · Manish Banthia

newest teamlongest-serving

90th percentile · top quartile of 10 funds · category median 4.8 yrs

running it nowManish Banthia (since Sep 2012), Nikhil Kabra (since Jun 2023)share of the fund's life under the longest-serving current manager76%changes of hands in the archive5 — last Jan 2024

Who ran it, month by month · factsheets through Sep 2026

running it nowearlier

Manager	Role	From	To	Fund vs category, those months	3-yr stretches won in tenure
Manish Banthia	fund manager	Sep 2012	now	9.0% vs 7.8% p.a. (+1.21% points)	100% of 108
Nikhil Kabra	fund manager	May 2023	now	7.8% vs 7.0% p.a. (+0.79% points)	100% of 4
Banthia.	fund manager	Sep 2012	May 2019	10.6% vs 9.2% p.a. (+1.39% points)	100% of 21
Anuj Tagra	fund manager	Jan 2015	Apr 2023	8.8% vs 7.5% p.a. (+1.26% points)	100% of 64
Anuj Tagra	fund manager	Nov 2023	Dec 2023	1.7% vs 1.9% (−0.19% points)	—

* dated by first appearance in the archive we hold, not by a date the factsheet printed. Co-managed months count for every manager named; a factsheet names the manager of record, not who made each call. All managers →

How it is measured, and the case against

A record earned under different people is not evidence about these ones.

Does the displayed record predate the people running it?

Why this might matterA five-year figure on a fund whose longest-serving manager joined two years ago is the house's record more than the person's. The tenure here comes from what each monthly factsheet named, so a change of hands is dated to the month it was disclosed, and the fund's return against its category can be read over exactly those months.

Why it might notFund houses have processes, research desks and mandates that outlast individuals, so a manager change is not a reset. Co-managed funds attribute the same months to every named manager, and a factsheet names the manager of record, not necessarily the person making the calls.

Tracking gap

the NAV the fund published, against the NAV its last disclosed portfolio would have produced at each day's prices

No signal. About 100% of this fund is outside listed Indian equity — a foreign or derivative sleeve, or debt — and there are no daily prices to replicate it with. A wrong signal would be worse than none.

Share classes

latest NAV per AMFI code

Plan	Option	NAV	Date
direct ICICI Prudential Dynamic Term Fund - Direct Plan - Growth	growth	₹42.62	21 Sep 2026
direct ICICI Prudential Dynamic Term Fund - Direct Plan - IDCW	idcw	₹27.66	21 Sep 2026
direct ICICI Prudential Dynamic Term Fund - Direct Plan - Annual IDCW	idcw	₹10.95	21 Sep 2026
direct ICICI Prudential Dynamic Term Fund - Direct Plan - Quarterly IDCW	idcw	₹12.27	21 Sep 2026
direct ICICI Prudential Dynamic Term Fund - Direct Plan - Weekly IDCW	idcw	₹10.51	21 Sep 2026
direct ICICI Prudential All Seasons Bond Fund - Direct Plan Bonus	—	₹17.85	24 Apr 2020
regular ICICI Prudential All Seasons Bond Fund - Premium Growth Option	growth	₹25.75	24 Apr 2020
regular ICICI Prudential Dynamic Term Fund - Growth	growth	₹39.13	21 Sep 2026
regular ICICI Prudential Dynamic Term Fund - Weekly IDCW	idcw	₹10.91	21 Sep 2026
regular ICICI Prudential Dynamic Term Fund - IDCW	idcw	₹24.33	21 Sep 2026
regular ICICI Prudential Dynamic Term Fund - Annual IDCW	idcw	₹10.97	21 Sep 2026
regular ICICI Prudential Dynamic Term Fund - Quarterly IDCW	idcw	₹11.94	21 Sep 2026
regular ICICI Prudential All Seasons Bond Fund - Bonus	—	₹17.02	24 Apr 2020
— ICICI Prudential All Seasons Bond Fund Retail - Cumulative	growth	₹49.32	24 Apr 2020
— ICICI Prudential All Seasons Bond Fund Retail - Annual Dividend	idcw	—	—
— ICICI Prudential All Seasons Bond Fund Retail - Quarterly Dividend	idcw	₹11.68	24 Apr 2020

The Direct / Regular gap, in money

Direct growth NAV: ₹42.62
Regular growth NAV: ₹25.75
NAV divergence to date: 65.5% — same portfolio, priced differently
Regular costs more by: 0.54% points a year
On ₹1,00,000 over ten years: ₹13,097

A Regular plan buys advice. The fee is visible and the behavioural saving is not; both are shown, neither is netted off.

Compare with

same category, by size

Nippon India Dynamic Term Fund SBI DYNAMIC TERM FUND Kotak Dynamic Term Fund BANDHAN Dynamic Term Fund pick any fund…