Best Medium to Long Duration Mutual Fund

Best Medium to Long Duration Mutual Fund

The table below shows the Best Medium to Long Duration Mutual Fund based on the AUM, NAV, and minimum SIP. 

NameAUM (Cr)NAVMinimum SIP
ICICI Pru Bond Fund2936.9238.605000
Kotak Bond Fund1831.3078.39100
Aditya Birla SL Income Fund1758.50123.55100
SBI Magnum Income Fund1748.1469.385000
HDFC Income Fund776.8158.581500
Bandhan Bond Fund – Income Plan491.1865.43100
UTI Medium to Long Duration Fund297.3972.86500
Nippon India Income Fund283.0291.471500
LIC MF Medium to Long Duration Bond Fund170.6970.22100
Canara Rob Income Fund123.4656.91100


Content:


What are Medium to Long Duration Mutual Fund?

Medium to long duration mutual funds are debt funds that invest in securities with maturities ranging from four to seven years. These funds aim to provide a balance of income and capital appreciation by managing interest rate risks. They are suitable for investors with a moderate to long-term investment horizon, offering potentially higher returns than short-term funds while carrying moderate interest rate sensitivity.

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Top Medium to Long Duration Mutual Fund 

The table below shows Top Medium to Long Duration Mutual Funds based on the lowest to highest expense ratio.

NameExpense Ratio %Minimum SIP
LIC MF Medium to Long Duration Bond Fund0.21100
ICICI Pru Bond Fund0.65000
JM Medium to Long Duration Fund0.61100
Aditya Birla SL Income Fund0.66100
Nippon India Income Fund0.671500
Kotak Bond Fund0.69100
HSBC Medium to Long Duration Fund Fund0.69500
Canara Rob Income Fund0.76100
SBI Magnum Income Fund0.795000
HDFC Income Fund0.81500

Best Medium to Long Duration Mutual Fund 

The table below shows the Best Medium to Long Duration Mutual Fund based on the Highest 3Y CAGR.

NameCAGR 3Y %Minimum SIP
UTI Medium to Long Duration Fund10.07500
Nippon India Income Fund6.151500
Kotak Bond Fund6.12100
SBI Magnum Income Fund6.025000
ICICI Pru Bond Fund5.975000
Aditya Birla SL Income Fund5.55100
HDFC Income Fund5.451500
LIC MF Medium to Long Duration Bond Fund5.33100
Canara Rob Income Fund5.14100
JM Medium to Long Duration Fund4.92100

List Of Top Medium to Long Duration Mutual Fund

The table below shows a List Of Top Medium Duration Funds In India based on exit load, i.e., the fee that the AMC charges investors when they exit or redeem their fund units.

NameExit Load %AMC
Kotak Bond Fund0Kotak Mahindra Asset Management Company Limited
ICICI Pru Bond Fund0ICICI Prudential Asset Management Company Limited
Aditya Birla SL Income Fund0Aditya Birla Sun Life AMC Limited
HDFC Income Fund0HDFC Asset Management Company Limited
Canara Rob Income Fund0Canara Robeco Asset Management Company Limited
JM Medium to Long Duration Fund0JM Financial Asset Management Private Limited
HSBC Medium to Long Duration Fund Fund0HSBC Global Asset Management (India) Private Limited
Nippon India Income Fund0.25Nippon Life India Asset Management Limited
LIC MF Medium to Long Duration Bond Fund0.25LIC Mutual Fund Asset Management Limited
SBI Magnum Income Fund1SBI Funds Management Limited

Best Medium to Long Duration Mutual Fund In India

The table below shows the Best Medium to Long Duration Mutual Fund In India based on Absolute 1 Year Return and AMC.

NameAbsolute Returns – 1YAMC
Kotak Bond Fund7.72Kotak Mahindra Asset Management Company Limited
ICICI Pru Bond Fund7.52ICICI Prudential Asset Management Company Limited
Nippon India Income Fund7.15Nippon Life India Asset Management Limited
SBI Magnum Income Fund7.02SBI Funds Management Limited
HDFC Income Fund6.86HDFC Asset Management Company Limited
LIC MF Medium to Long Duration Bond Fund6.84LIC Mutual Fund Asset Management Limited
HSBC Medium to Long Duration Fund Fund6.79HSBC Global Asset Management (India) Private Limited
Aditya Birla SL Income Fund6.61Aditya Birla Sun Life AMC Limited
Canara Rob Income Fund6.46Canara Robeco Asset Management Company Limited
JM Medium to Long Duration Fund6.44JM Financial Asset Management Private Limited

Who Should Invest In Medium to Long Duration Mutual Fund?

Investors with a moderate to long-term investment horizon who seek a balance between income and capital appreciation should consider medium to long duration mutual funds. These funds are suitable for those willing to accept moderate interest rate risk for potentially higher returns than short-term funds. They are ideal for conservative investors looking for stable returns with less volatility than equity investments.

How To Invest in the Medium to Long Duration Mutual Fund?

To invest in medium to long duration mutual funds, start by researching and comparing funds based on their performance, expense ratios, and credit quality. Use a reliable investment platform or brokerage to purchase units. Consider consulting a financial advisor for personalized advice. Ensure your investment aligns with your financial goals and risk tolerance, and regularly review and monitor your portfolio’s performance.

Performance Metrics Of Medium to Long Duration Mutual Fund 

Performance metrics of medium to long duration mutual funds include:

  • Yield to Maturity (YTM): Indicates the expected total return if the bonds are held until maturity.
  • Expense Ratio: Reflects the annual fees as a percentage of fund assets, impacting net returns.
  • Average Maturity: Measures the average time until the fund’s securities mature, indicating interest rate sensitivity.
  • Modified Duration: Assesses the fund’s price sensitivity to interest rate changes.
  • Credit Quality: Evaluate the creditworthiness of the fund’s holdings, indicating default risk.
  • Historical Performance: Tracks the fund’s past returns, providing insight into its performance over different market conditions.
  • Net Asset Value (NAV): Represents the fund’s per-share value, calculated daily, reflecting the fund’s market value.
  • Sharpe Ratio: Measures risk-adjusted returns, indicating how well the fund compensates investors for taking on risk.

Benefits of Investing in Medium to Long Duration Mutual Fund 

The main benefits of investing in medium to long duration mutual funds include balanced income and growth potential, moderate interest rate risk, regular income, and portfolio diversification.

  • Balanced Income and Growth Potential: These funds offer a blend of income generation and capital appreciation. Investors can benefit from interest payments on the bonds while also potentially enjoying capital gains as the bond prices fluctuate over the medium to long term.
  • Moderate Interest Rate Risk: Medium to long duration funds typically have moderate sensitivity to interest rate changes. They provide a balance between the higher interest rate risk of long-term bonds and the lower risk of short-term bonds, making them suitable for investors seeking moderate risk exposure.
  • Regular Income: These funds generally invest in a diversified portfolio of bonds that provide regular interest payments. This steady income stream can be particularly attractive for investors looking for predictable returns, such as retirees or those needing regular cash flow.
  • Portfolio Diversification: Investing in medium to long duration mutual funds can add diversification to an investment portfolio. These funds often include a variety of bonds with different maturities and credit qualities, spreading risk and potentially enhancing overall portfolio stability and performance.

Challenges Of Investing In Medium to Long Duration Mutual Fund 

The main challenges of investing in medium to long duration mutual funds include interest rate risk, credit risk, inflation risk, and liquidity risk.

  • Interest Rate Risk: Medium to long duration funds are sensitive to interest rate changes. When interest rates rise, the value of the bonds in the fund typically falls, which can negatively impact the fund’s net asset value and returns, potentially leading to losses for investors.
  • Credit Risk: These funds may invest in bonds with varying credit qualities, including lower-rated securities. If the issuers of these bonds face financial difficulties or default, it can result in significant losses. Assessing the credit quality of the underlying securities is crucial to managing this risk.
  • Inflation Risk: Inflation can erode the purchasing power of the interest payments and principal repayments from bonds. If the fund’s returns do not keep pace with inflation, investors may experience a decrease in real returns, affecting their overall investment objectives and financial goals.
  • Liquidity Risk: Medium to long duration funds may hold securities that are not easily tradable, especially during market downturns or periods of economic uncertainty. This lack of liquidity can make it challenging for fund managers to buy or sell assets without affecting their market price, impacting the fund’s performance.

Introduction to Best Medium to Long Duration Mutual Fund 

Best Medium to Long Duration Mutual Fund – AUM, NAV, and minimum SIP

ICICI Pru Bond Fund

ICICI Prudential Bond Fund Direct Plan-Growth is a Debt Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 12 Oct 1993.

The ICICI Pru Bond Fund, a Medium to Long Duration Fund, has an AUM of ₹2,936.92 crore and a 5-year CAGR of 7.47%. It has no exit load and an expense ratio of 0.6%. The fund’s asset allocation is entirely focused on debt securities, with 100% invested in debt instruments. The fund does not hold any cash or equity investments in its portfolio.

Kotak Bond Fund

Kotak Bond Fund Direct Growth is a Debt Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund. This scheme was made available to investors on 05 Aug 1994.

The Kotak Bond Fund, categorized as a Medium to Long Duration Fund, has an AUM of ₹1,831.30 crore and a 5-year CAGR of 7.54%. The fund has no exit load and an expense ratio of 0.69%. The fund’s portfolio is heavily concentrated in debt securities, with 96.9% allocated to debt instruments. Cash holdings account for a small portion at 2.7%, while no investments are made in equity.

Aditya Birla SL Income Fund

Aditya Birla Sun Life Income Fund Direct Growth is a Debt Mutual Fund Scheme launched by Aditya Birla Sun Life Mutual Fund. This scheme was made available to investors on 23 Dec 1994.

The Aditya Birla SL Income Fund, a Medium to Long Duration Fund, holds an AUM of ₹1,758.50 crore with a 5-year CAGR of 7.31%. It has no exit load and an expense ratio of 0.66%. The fund’s asset allocation is heavily focused on debt securities, with 96.7% invested in debt instruments. A small portion, 2.4%, is held in cash, and no investments are made in equity.

Top Medium to Long Duration Mutual Fund – Expense Ratio 

LIC MF Medium to Long Duration Bond Fund

LIC MF Medium to Long Duration Fund Direct-Growth is a Debt Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 20 Apr 1994.

The LIC MF Medium to Long Duration Bond Fund, a Medium to Long Duration Fund, has an AUM of ₹170.69 crore and a 5-year CAGR of 6.34%. It has an exit load of 0.25% and an expense ratio of 0.21%. The fund’s portfolio is predominantly invested in debt securities, with 95.1% allocated to debt instruments. Cash holdings account for 4.9% of the assets, while equity investments are absent.

JM Medium to Long Duration Fund

JM Medium to Long Duration Fund Direct-Growth is a Debt Mutual Fund Scheme launched by JM Financial Mutual Fund. This scheme was made available to investors on 15 Sep 1994.

The JM Medium to Long Duration Fund, a Medium to Long Duration Fund, has an AUM of ₹22.32 crore and a 5-year CAGR of 3.08%. The fund has no exit load and an expense ratio of 0.61%. The fund’s asset allocation heavily favors debt securities, with 87.7% invested in debt instruments. A significant portion, 12.3%, is held in cash, while no investments are made in equity.

Nippon India Income Fund

Nippon India Income Fund Direct Growth is a Debt Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 30 Jun 1995. 

The Nippon India Income Fund, a Medium to Long Duration Fund, has an AUM of ₹283.02 crore and a 5-year CAGR of 7.30%. The fund has an exit load of 0.25% and an expense ratio of 0.67%. The fund’s portfolio is heavily weighted towards debt securities, with 93.9% allocated to debt instruments. Cash holdings account for 6.1% of the assets, while equity investments are absent.

Best Medium to Long Duration Mutual Fund – Highest 3Y CAGR 

UTI Medium to Long Duration Fund

UTI Medium to Long Duration Fund Direct-Growth is a Debt Mutual Fund Scheme launched by UTI Mutual Fund. This scheme was made available to investors on 14 Nov 2002.

The UTI Medium to Long Duration Fund holds an AUM of ₹297.39 crore with a 5-year CAGR of 5.65%. The fund has an exit load of 3% and an expense ratio of 1.25%. The fund’s asset allocation is heavily focused on debt securities, with 94.2% invested in debt instruments. A small portion, 5.8%, is held in cash, while no investments are made in equity.

SBI Magnum Income Fund

SBI Magnum Income Direct Plan-Growth is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 29 June 1987.

The SBI Magnum Income Fund, categorized as a Medium to Long Duration Fund, has an AUM of ₹1,748.14 crore and a 5-year CAGR of 7.86%. The fund has an exit load of 1% and an expense ratio of 0.79%. The fund’s portfolio is predominantly invested in debt securities, with 87.4% allocated to debt instruments. Cash holdings make up a significant portion at 12.6%, while equity investments are absent.

List Of Top Medium to Long Duration Mutual Fund – Exit load

HDFC Income Fund

HDFC Income Direct Plan Growth is a Debt Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was made available to investors on 10 Dec 1999. 

The HDFC Income Fund, a Medium to Long Duration Fund, has an AUM of ₹776.81 crore and a 5-year CAGR of 6.42%. The fund has no exit load and an expense ratio of 0.8%. The fund’s asset allocation heavily favors debt securities, with 93.8% invested in debt instruments. Cash holdings account for 5.8% of the portfolio, while no investments are made in equity.

Canara Robeco Income Fund

Canara Robeco Income Direct Growth is a Debt Mutual Fund Scheme launched by Canara Robeco Mutual Fund. This scheme was made available to investors on 19 Dec 1987.

The Canara Rob Income Fund, a Medium to Long Duration Fund, holds an AUM of ₹123.46 crore with a 5-year CAGR of 6.73%. The fund has no exit load and an expense ratio of 0.76%. The fund’s portfolio is largely invested in debt securities, with 80.4% allocated to debt instruments. A significant portion, 19.6%, is held in cash, while equity investments are absent.

HSBC Medium to Long Duration Fund Fund

HSBC Medium to Long Duration Fund Direct-Growth is a Debt Mutual Fund Scheme launched by HSBC Mutual Fund. This scheme was made available to investors on 27 May 2002.

The HSBC Medium to Long Duration Fund has an AUM of ₹46.36 crore and a 5-year CAGR of 6.04%. It has no exit load and an expense ratio of 0.69%. The fund’s asset allocation is heavily concentrated in debt securities, with 96.2% invested in debt instruments. Cash holdings account for a small portion at 3.8%, while no investments are made in equity.

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Top Medium to Long Duration Mutual Fund – FAQs

1. Which Are The Best Medium to Long Duration Mutual Fund?

The Best Medium to Long Duration Mutual Fund # 1: ICICI Pru Bond Fund
The Best Medium to Long Duration Mutual Fund # 2: Kotak Bond Fund
The Best Medium to Long Duration Mutual Fund # 3: Aditya Birla SL Income Fund
The Best Medium to Long Duration Mutual Fund # 4: SBI Magnum Income Fund
The Best Medium to Long Duration Mutual Fund # 5: HDFC Income Fund

The Best Medium to Long Duration Mutual Funds are based on AUM.

2. What Are The Top Medium to Long Duration Mutual Fund?

Top Medium to Long Duration Mutual Funds like LIC MF Medium to Long Duration Bond Fund, ICICI Prudential Bond Fund, JM Medium to Long Duration Fund, Aditya Birla Sun Life Income Fund, and Nippon India Income Fund invest in debt instruments with a focus on medium to long-term maturities.

3. Can I Invest In Medium to Long Duration Mutual Fund?

Yes, you can invest in medium to long duration mutual funds, which typically invest in bonds with maturities ranging from four to seven years.

4. Is It Good To Invest In Medium to Long Duration Mutual Fund?

Investing in medium to long duration mutual funds can be beneficial for those seeking higher returns than short-term funds while accepting moderate interest rate risk.

5. How To Invest In Medium to Long Duration Mutual Fund?

To invest in medium to long duration mutual funds, research and compare fund performance and fees, use a reputable brokerage or investment platform, and consider diversifying your portfolio.

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