Medium Term funds in India
24 plans (12 Regular, 12 Direct), rated on their track record against the median fund in their category and their peers. Data as of 8 Nov 2026.
Three-to-four-year duration: more swing when interest rates move. Suits money needed in three years or more. SEBI requires medium term funds to keep the portfolio's duration at roughly three to four years.
The difference, on ₹10 lakh invested three years ago, between the strongest medium term fund (9.7% a year) and the weakest (5.0% a year). Same category, same SEBI rules, same market. 7 of 12 funds beat the median fund in their category over the same period.
Regular plans, to the latest NAV. Past returns, not a forecast.
Regular plans (12)
| Fund | Rating | 3Y return | 3Y vs index | Expense ratio | AUM |
|---|---|---|---|---|---|
| Axis Medium Term FundAxis Mutual Fund · 14.6 yrs | A | 7.6% | +0.9% | 1.32% | ₹1,939 cr |
| SBI Medium Term FundSBI Mutual Fund · 20.6 yrs | A | 7.0% | +0.4% | 1.22% | ₹6,330 cr |
| ICICI Prudential Medium Term FundICICI Prudential Mutual Fund · 20.6 yrs | A | 7.6% | +0.9% | 1.36% | ₹5,260 cr |
| HDFC Medium Term FundHDFC Mutual Fund · 20.6 yrs | A | 7.1% | +0.4% | 1.30% | ₹3,514 cr |
| HSBC Medium Term FundHSBC Mutual Fund · 3.9 yrs | B | 7.0% | +0.3% | 1.12% | ₹666 cr |
| Aditya Birla Sun Life Medium Term FundAditya Birla Sun Life Mutual Fund · 17.6 yrs | B | 9.7% | +3.0% | 1.55% | ₹3,341 cr |
| Bandhan Medium Term FundBandhan Mutual Fund · 18.4 yrs | B | 6.7% | -0.0% | 1.36% | ₹1,236 cr |
| Kotak Medium Term FundKotak Mahindra Mutual Fund · 12.6 yrs | B | 7.7% | +1.0% | 1.63% | ₹1,868 cr |
| DSP Medium Term FundDSP Mutual Fund · 20.6 yrs | B | 6.6% | -0.1% | 0.71% | ₹247 cr |
| Invesco India Medium Term FundInvesco Mutual Fund · 5.3 yrs | C | 6.3% | -0.4% | 1.14% | ₹120 cr |
| UTI Medium Term FundUTI Mutual Fund · 11.6 yrs | C | 6.0% | -0.7% | 1.54% | ₹34 cr |
| Sundaram Medium Term Fund (Formerly Known as Sundaram Medium Duration Fund)Sundaram Mutual Fund · 20.6 yrs | C | 5.0% | -1.7% | 1.83% | ₹32 cr |
Direct plans (12)
| Fund | Rating | 3Y return | 3Y vs index | Expense ratio | AUM |
|---|---|---|---|---|---|
| Axis Medium Term FundAxis Mutual Fund · 13.8 yrs | A | 8.3% | +0.9% | 0.71% | ₹1,939 cr |
| HDFC Medium Term FundHDFC Mutual Fund · 13.8 yrs | A | 7.8% | +0.4% | 0.70% | ₹3,514 cr |
| ICICI Prudential Medium Term FundICICI Prudential Mutual Fund · 13.8 yrs | A | 8.3% | +0.9% | 0.73% | ₹5,260 cr |
| HSBC Medium Term FundHSBC Mutual Fund · 3.9 yrs | A | 7.7% | +0.3% | 0.41% | ₹666 cr |
| Aditya Birla Sun Life Medium Term FundAditya Birla Sun Life Mutual Fund · 13.8 yrs | B | 10.5% | +3.1% | 0.83% | ₹3,341 cr |
| Kotak Medium Term FundKotak Mahindra Mutual Fund · 12.6 yrs | B | 8.7% | +1.3% | 0.67% | ₹1,868 cr |
| SBI Medium Term FundSBI Mutual Fund · 13.8 yrs | B | 7.6% | +0.2% | 0.72% | ₹6,330 cr |
| Bandhan Medium Term FundBandhan Mutual Fund · 13.8 yrs | B | 7.4% | +0.0% | 0.66% | ₹1,236 cr |
| Invesco India Medium Term FundInvesco Mutual Fund · 5.3 yrs | B | 7.1% | -0.3% | 0.32% | ₹120 cr |
| DSP Medium Term FundDSP Mutual Fund · 13.8 yrs | C | 6.9% | -0.5% | 0.41% | ₹247 cr |
| UTI Medium Term FundUTI Mutual Fund · 11.6 yrs | C | 6.7% | -0.7% | 0.94% | ₹34 cr |
| Sundaram Medium Term Fund (Formerly Known as Sundaram Medium Duration Fund)Sundaram Mutual Fund · 13.8 yrs | C | 5.9% | -1.5% | 1.17% | ₹32 cr |
Common questions
What does a medium term fund invest in?
SEBI requires medium term funds to keep the portfolio's duration at roughly three to four years.
How many medium term funds beat their index over 3 years?
7 of 12 medium term funds (Regular plans with 3 years of history) beat the median fund in their category over the 3 years to 8 Nov 2026.
How are these funds rated?
Each fund is compared only with funds in its category and plan type, on its long-run return over the index, risk-adjusted return, consistency, cost and portfolio. The ratings describe the track record so far; our own backtest found they do not predict future returns.
Ratings describe past track records and are not a recommendation to buy or sell. Read the scheme documents before investing.