Axis Dynamic Bond Fund - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

No of Debt Holding 55 (Category Avg - 29.41) | Modified Duration 4.92 Years (Category Avg - 6.13)| Yield to Maturity 6.61% (Category Avg - 6.84%)

Portfolio Summary (as on 30th Nov,2025)

Security Type	% Weight	Category Average
GOI	50.98%	62.76%
CD	0.00%	1.07%
T-Bills	0.00%	0.16%
CP	0.00%	0.10%
NCD & Bonds	27.04%	29.21%
PTC	2.53%	0.41%

Category - Dynamic Bond Fund

Security Type	% Weight	Category Average
Government Backed	50.98%	62.92%
Low Risk	29.57%	30.29%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Dynamic Bond Fund

Debt holding in Portfolio (as on 30th Nov,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other			2381.55	19.80%	2.35 Cr
Bond - Govt of India	GOI	Other			788.07	6.55%	80.00 L
Bond - Govt of India	GOI	Other			486.89	4.05%	50.00 L
Bond - Govt of India	GOI	Other			449.91	3.74%	45.00 L
Bond - Govt of India	GOI	Other			400.22	3.33%	40.37 L
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	384.24	3.19%	5.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	342.30	2.85%	3.50 k
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	256.73	2.13%	2.50 k
Bond - National Housing Bank	NCD & Bonds	Financial institution	AAA	CRISIL	251.77	2.09%	2.50 k
Bond - Govt of India	GOI	Other			247.76	2.06%	25.00 L
Bond - Govt of India	GOI	Other			238.87	1.99%	25.00 L
Bond - NHPC Ltd.	NCD & Bonds	Power generation	CARE AAA	CARE	157.24	1.31%	150.00
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	157.02	1.31%	150.00
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	156.59	1.30%	150.00
Bond - Govt of India	GOI	Other			156.11	1.30%	15.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	155.97	1.30%	150.00
Bond - Govt of India	GOI	Other			152.76	1.27%	15.00 L
Bond - Govt of India	GOI	Other			152.38	1.27%	15.00 L
Bond - Shivshakti Securitisation Trust	PTC	Ptc	AAA	CRISIL	111.64	0.93%	11.00
Bond - Siddhivinayak Securitisation Trust	PTC	Ptc	AAA	CRISIL	111.64	0.93%	11.00
Bond - Govt of India	GOI	Other			106.11	0.88%	10.00 L
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	105.60	0.88%	100.00
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	104.92	0.87%	100.00
Bond - Govt of India	GOI	Other			104.62	0.87%	10.00 L
Bond - Govt of India	GOI	Other			103.78	0.86%	10.00 L
Bond - Govt of India	GOI	Other			103.28	0.86%	10.00 L
Bond - Govt of India	GOI	Other			101.59	0.84%	10.00 L
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	100.97	0.84%	100.00
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	99.24	0.82%	100.00
Bond - National Highways Authority of India	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	AAA	CRISIL	92.63	0.77%	88.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	91.81	0.76%	90.00
Bond - Radhakrishna Securitisation Trust	PTC	Ptc	AAA	CRISIL	80.98	0.67%	8.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	53.07	0.44%	50.00
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	52.76	0.44%	50.00
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	52.71	0.44%	50.00
Bond - National Highways Authority of India	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	AAA	CRISIL	52.41	0.44%	50.00
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	52.39	0.44%	50.00
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	52.25	0.43%	50.00
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	51.89	0.43%	50.00
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	51.84	0.43%	50.00
Bond - NHPC Ltd.	NCD & Bonds	Power generation	LAAA	ICRA	51.38	0.43%	250.00
Bond - National Highways Authority of India	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	AAA	CRISIL	51.34	0.43%	50.00
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	51.19	0.43%	50.00
Bond - NHPC Ltd.	NCD & Bonds	Power generation	LAAA	ICRA	50.95	0.42%	250.00
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	50.36	0.42%	50.00
Bond - State Bank Of India	NCD & Bonds	Public sector bank	AAA	CRISIL	49.69	0.41%	50.00
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	41.99	0.35%	40.00
Bond - Govt of India	GOI	Other			41.42	0.34%	4.00 L
Bond - Govt of India	GOI	Other			39.35	0.33%	3.94 L
Bond - Govt of India	GOI	Other			36.24	0.30%	3.65 L
Bond - India Infrastructure Finance Co. Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	29.04	0.24%	25.00
Bond - Govt of India	GOI	Other			16.17	0.13%	1.73 L
Bond - Govt of India	GOI	Other			12.20	0.10%	1.20 L
Bond - Govt of India	GOI	Other			9.75	0.08%	1.00 L
Bond - Govt of India	GOI	Other			3.19	0.03%	30.00 k

Name	Type of Instrument	Weight (%)
TREPS	TREPS	18.04%
Net Receivables	Net Receivables	1.42%

Axis Dynamic Bond Fund - Growth

Portfolio Summary (as on 30th Nov,2025)

Debt holding in Portfolio (as on 30th Nov,2025)

Forum