Best Bond Mutual Funds 2026

Updated on September 28, 2026 , 30231 views

Bond Mutual Funds offer higher returns than Bank accounts and are highly liquid in nature, which means that investors can redeem their investment at any point of time. Some of the best major benefits of investing in Bond Funds are low-cost structure, relatively higher returns, high liquidity and reasonable safety.

Bond Funds also known as Debt Funds. It’s a type of Mutual Fund scheme that invests in fixed income instruments such as government & corporate Bonds, money market instruments, corporate debt securities, etc., that offer capital appreciation. Bond Funds are an ideal investment for average risk-averse investors who are looking for stable & regular income. These funds are less volatile and hence are less risky than Equity Funds. Moreover, Bond Funds can be a better alternative to a bank Fixed Deposit.

Following are the best Bond Funds as per the category ranking that can help you achieve your Financial goals and can help you earn better returns.

Difference Between Bond & Bond Mutual Fund

Bonds

They are debt obligations issued by entities, such as corporations or governments. So, when an investor is buying bond, he is lending money to the entity for a defined tenure. In return, you get interest until the end of the tenure.

Bond Funds

They are mutual funds or exchange-trade funds (ETFs) that invest in a Portfolio bonds. Ideally, bond funds are comprised of a certain type of bond, such as corporate or government. They are further defined by maturity, such as given below.

Why to Invest in Bond Mutual Funds?

Some of the important benefits of these funds are:

Bond Funds are a good option for earning regular income. For instance, choosing dividend payout can be an option for regular income.
It is a good option to plan short financial goals. In a shorter duration, these funds ensure safety returns and as highly liquid as well.
In Bond Funds, you can withdraw/redeem even partial money from your investment at any point and can let the remaining money stay invested.
As, Bond Funds majorly invest in government securities they are not affected by the Volatility of the equity market. Hence, it’s an optimal investment avenue for those who are risk-averse.

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Fund Selection Methodology used to find 5 funds

Category: Debt
Sub-category: Liquid%20Fund, Ultrashort%20Bond, Overnight
Sorted On : drat (high to low)
Tags: fcpro
No Of Funds: 5

Bond Funds to Invest for < 1 year

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2025 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
PGIM India Insta Cash Fund Growth	₹366.881 ↑ 0.08	₹1,031	1.5	3.4	6.4	6.8	6.5	6.15%	1M 10D	1M 10D
Indiabulls Liquid Fund Growth	₹2,724.83 ↑ 0.64	₹381	1.5	3.3	6.4	6.9	6.6	6.4%	1M 18D	1M 18D
Aditya Birla Sun Life Savings Fund Growth	₹592.85 ↑ 0.22	₹18,819	1.5	3.4	6.3	7.2	7.4	7.42%	5M 19D	7M 13D
JM Liquid Fund Growth	₹76.7806 ↑ 0.02	₹1,743	1.5	3.3	6.3	6.7	6.4	6.12%	1M 8D	1M 11D
Axis Liquid Fund Growth	₹3,139.58 ↑ 0.64	₹63,343	1.5	3.4	6.5	6.9	6.6	6.37%	1M 12D	1M 12D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Sep 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	PGIM India Insta Cash Fund	Indiabulls Liquid Fund	Aditya Birla Sun Life Savings Fund	JM Liquid Fund	Axis Liquid Fund
Point 1	Bottom quartile AUM (₹1,031 Cr).	Bottom quartile AUM (₹381 Cr).	Upper mid AUM (₹18,819 Cr).	Lower mid AUM (₹1,743 Cr).	Highest AUM (₹63,343 Cr).
Point 2	Established history (19+ yrs).	Established history (14+ yrs).	Established history (23+ yrs).	Oldest track record among peers (28 yrs).	Established history (16+ yrs).
Point 3	Top rated.	Rating: 5★ (upper mid).	Rating: 5★ (lower mid).	Rating: 5★ (bottom quartile).	Rating: 4★ (bottom quartile).
Point 4	Risk profile: Low.	Risk profile: Low.	Risk profile: Moderately Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 6.40% (upper mid).	1Y return: 6.38% (lower mid).	1Y return: 6.31% (bottom quartile).	1Y return: 6.26% (bottom quartile).	1Y return: 6.45% (top quartile).
Point 6	1M return: 0.47% (bottom quartile).	1M return: 0.48% (lower mid).	1M return: 0.49% (top quartile).	1M return: 0.47% (bottom quartile).	1M return: 0.48% (upper mid).
Point 7	Sharpe: 2.91 (lower mid).	Sharpe: 2.97 (upper mid).	Sharpe: 1.00 (bottom quartile).	Sharpe: 2.50 (bottom quartile).	Sharpe: 3.01 (top quartile).
Point 8	Information ratio: 1.16 (upper mid).	Information ratio: 1.36 (top quartile).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.27 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 6.15% (bottom quartile).	Yield to maturity (debt): 6.40% (upper mid).	Yield to maturity (debt): 7.42% (top quartile).	Yield to maturity (debt): 6.12% (bottom quartile).	Yield to maturity (debt): 6.37% (lower mid).
Point 10	Modified duration: 0.11 yrs (upper mid).	Modified duration: 0.13 yrs (bottom quartile).	Modified duration: 0.47 yrs (bottom quartile).	Modified duration: 0.11 yrs (top quartile).	Modified duration: 0.12 yrs (lower mid).

PGIM India Insta Cash Fund

Bottom quartile AUM (₹1,031 Cr).
Established history (19+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.40% (upper mid).
1M return: 0.47% (bottom quartile).
Sharpe: 2.91 (lower mid).
Information ratio: 1.16 (upper mid).
Yield to maturity (debt): 6.15% (bottom quartile).
Modified duration: 0.11 yrs (upper mid).

Indiabulls Liquid Fund

Bottom quartile AUM (₹381 Cr).
Established history (14+ yrs).
Rating: 5★ (upper mid).
Risk profile: Low.
1Y return: 6.38% (lower mid).
1M return: 0.48% (lower mid).
Sharpe: 2.97 (upper mid).
Information ratio: 1.36 (top quartile).
Yield to maturity (debt): 6.40% (upper mid).
Modified duration: 0.13 yrs (bottom quartile).

Aditya Birla Sun Life Savings Fund

Upper mid AUM (₹18,819 Cr).
Established history (23+ yrs).
Rating: 5★ (lower mid).
Risk profile: Moderately Low.
1Y return: 6.31% (bottom quartile).
1M return: 0.49% (top quartile).
Sharpe: 1.00 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.42% (top quartile).
Modified duration: 0.47 yrs (bottom quartile).

JM Liquid Fund

Lower mid AUM (₹1,743 Cr).
Oldest track record among peers (28 yrs).
Rating: 5★ (bottom quartile).
Risk profile: Low.
1Y return: 6.26% (bottom quartile).
1M return: 0.47% (bottom quartile).
Sharpe: 2.50 (bottom quartile).
Information ratio: 0.27 (lower mid).
Yield to maturity (debt): 6.12% (bottom quartile).
Modified duration: 0.11 yrs (top quartile).

Axis Liquid Fund

Highest AUM (₹63,343 Cr).
Established history (16+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Low.
1Y return: 6.45% (top quartile).
1M return: 0.48% (upper mid).
Sharpe: 3.01 (top quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.37% (lower mid).
Modified duration: 0.12 yrs (lower mid).

About the Fincash Research Team

At Fincash, our mission is to help investors make informed, confident decisions. With over 10 years in Mutual Fund distribution, our team blends deep industry expertise with a commitment to transparency, accuracy, and investor education.

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Location: Thane, Maharashtra, India
Experience: 10+ years in Mutual Fund distribution

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Market analysts tracking performance, macro trends, and sectors.
Data specialists processing NAVs, allocations, and risk metrics from Morning Star.

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Data sourcing: SEBI-registered fund houses & verified third-party provider Morning Star
Screening: Returns, manager track record, expenses, sector mix, risk-adjusted metrics.
Expert review: Senior team members review every article and list for accuracy.
Updates: Regular refreshes so performance data reflects current market conditions.

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Bond Funds to Invest for > 1 year

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2025 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
PGIM India Short Maturity Fund Growth	₹39.3202 ↓ 0.00	₹28	1.2	3.1	6.1	4.2		7.18%	1Y 7M 28D	1Y 11M 1D
Aditya Birla Sun Life Medium Term Plan Growth	₹43.7653 ↑ 0.02	₹3,319	0.6	3.6	7.9	9.7	10.9	8.09%	2Y 11M 12D	4Y 4M 10D
Axis Strategic Bond Fund Growth	₹30.1162 ↑ 0.03	₹2,112	0.6	3.5	5.8	7.6	8.2	8.18%	3Y 3M	4Y 8M 1D
Nippon India Strategic Debt Fund Growth	₹16.8546 ↑ 0.02	₹147	0.4	3.3	5.4	7.8	9.6	7.82%	3Y 8M 19D	5Y 6M 14D
ICICI Prudential Short Term Fund Growth	₹64.411 ↑ 0.04	₹19,403	0.5	3.1	5.3	7.1	8	7.89%	2Y 7M 2D	4Y 3M 25D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 29 Sep 23

Research Highlights & Commentary of 5 Funds showcased

Commentary	PGIM India Short Maturity Fund	Aditya Birla Sun Life Medium Term Plan	Axis Strategic Bond Fund	Nippon India Strategic Debt Fund	ICICI Prudential Short Term Fund
Point 1	Bottom quartile AUM (₹28 Cr).	Upper mid AUM (₹3,319 Cr).	Lower mid AUM (₹2,112 Cr).	Bottom quartile AUM (₹147 Cr).	Highest AUM (₹19,403 Cr).
Point 2	Established history (23+ yrs).	Established history (17+ yrs).	Established history (14+ yrs).	Established history (12+ yrs).	Oldest track record among peers (24 yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 4★ (lower mid).	Rating: 4★ (bottom quartile).	Rating: 4★ (bottom quartile).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 6.08% (upper mid).	1Y return: 7.88% (top quartile).	1Y return: 5.82% (lower mid).	1Y return: 5.40% (bottom quartile).	1Y return: 5.35% (bottom quartile).
Point 6	1M return: 0.43% (top quartile).	1M return: 0.09% (bottom quartile).	1M return: 0.05% (bottom quartile).	1M return: 0.13% (upper mid).	1M return: 0.12% (lower mid).
Point 7	Sharpe: -0.98 (bottom quartile).	Sharpe: 1.28 (top quartile).	Sharpe: 0.46 (upper mid).	Sharpe: 0.22 (lower mid).	Sharpe: 0.16 (bottom quartile).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 7.18% (bottom quartile).	Yield to maturity (debt): 8.09% (upper mid).	Yield to maturity (debt): 8.18% (top quartile).	Yield to maturity (debt): 7.82% (bottom quartile).	Yield to maturity (debt): 7.89% (lower mid).
Point 10	Modified duration: 1.66 yrs (top quartile).	Modified duration: 2.95 yrs (lower mid).	Modified duration: 3.25 yrs (bottom quartile).	Modified duration: 3.72 yrs (bottom quartile).	Modified duration: 2.59 yrs (upper mid).

PGIM India Short Maturity Fund

Bottom quartile AUM (₹28 Cr).
Established history (23+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 6.08% (upper mid).
1M return: 0.43% (top quartile).
Sharpe: -0.98 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.18% (bottom quartile).
Modified duration: 1.66 yrs (top quartile).

Aditya Birla Sun Life Medium Term Plan

Upper mid AUM (₹3,319 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 7.88% (top quartile).
1M return: 0.09% (bottom quartile).
Sharpe: 1.28 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 8.09% (upper mid).
Modified duration: 2.95 yrs (lower mid).

Axis Strategic Bond Fund

Lower mid AUM (₹2,112 Cr).
Established history (14+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
1Y return: 5.82% (lower mid).
1M return: 0.05% (bottom quartile).
Sharpe: 0.46 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 8.18% (top quartile).
Modified duration: 3.25 yrs (bottom quartile).

Nippon India Strategic Debt Fund

Bottom quartile AUM (₹147 Cr).
Established history (12+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
1Y return: 5.40% (bottom quartile).
1M return: 0.13% (upper mid).
Sharpe: 0.22 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.82% (bottom quartile).
Modified duration: 3.72 yrs (bottom quartile).

ICICI Prudential Short Term Fund

Highest AUM (₹19,403 Cr).
Oldest track record among peers (24 yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
1Y return: 5.35% (bottom quartile).
1M return: 0.12% (lower mid).
Sharpe: 0.16 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.89% (lower mid).
Modified duration: 2.59 yrs (upper mid).

Bond Funds to Invest for > 3 years

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2025 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
UTI Gilt Fund Growth	₹65.4817 ↓ -0.02	₹420	-0.3	2.8	4.5	6.2	5.1	6.15%	3Y	6Y 10M 20D
SBI Magnum Income Fund Growth	₹73.5925 ↑ 0.01	₹2,046	-0.3	3	3.7	6	5.9	7.77%	4Y 1M 2D	7Y 5M 5D
SBI Magnum Gilt Fund Growth	₹68.2603 ↓ -0.05	₹8,215	-0.2	3.2	3.5	6.1	4.5	7.38%	6Y 1M 17D	22Y 1M 6D
ICICI Prudential Gilt Fund Growth	₹106.934 ↓ -0.02	₹7,950	-1.3	3.3	3.3	6.2	6.8	7.62%	8Y 10M 24D	21Y 2M 5D
UTI Bond Fund Growth	₹75.9679 ↑ 0.03	₹303	-0.1	2.9	3.2	5.9	5.6	7.79%	4Y 1M 6D	7Y 3M 25D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Sep 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	UTI Gilt Fund	SBI Magnum Income Fund	SBI Magnum Gilt Fund	ICICI Prudential Gilt Fund	UTI Bond Fund
Point 1	Bottom quartile AUM (₹420 Cr).	Lower mid AUM (₹2,046 Cr).	Highest AUM (₹8,215 Cr).	Upper mid AUM (₹7,950 Cr).	Bottom quartile AUM (₹303 Cr).
Point 2	Established history (24+ yrs).	Established history (27+ yrs).	Established history (25+ yrs).	Established history (27+ yrs).	Oldest track record among peers (28 yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 4★ (lower mid).	Rating: 4★ (bottom quartile).	Rating: 4★ (bottom quartile).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 4.52% (top quartile).	1Y return: 3.71% (upper mid).	1Y return: 3.45% (lower mid).	1Y return: 3.27% (bottom quartile).	1Y return: 3.23% (bottom quartile).
Point 6	1M return: -0.31% (bottom quartile).	1M return: -0.16% (upper mid).	1M return: -0.03% (top quartile).	1M return: -1.03% (bottom quartile).	1M return: -0.22% (lower mid).
Point 7	Sharpe: 0.26 (top quartile).	Sharpe: -0.25 (bottom quartile).	Sharpe: -0.20 (lower mid).	Sharpe: 0.00 (upper mid).	Sharpe: -0.43 (bottom quartile).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 6.15% (bottom quartile).	Yield to maturity (debt): 7.77% (upper mid).	Yield to maturity (debt): 7.38% (bottom quartile).	Yield to maturity (debt): 7.62% (lower mid).	Yield to maturity (debt): 7.79% (top quartile).
Point 10	Modified duration: 3.00 yrs (top quartile).	Modified duration: 4.09 yrs (upper mid).	Modified duration: 6.13 yrs (bottom quartile).	Modified duration: 8.90 yrs (bottom quartile).	Modified duration: 4.10 yrs (lower mid).

UTI Gilt Fund

Bottom quartile AUM (₹420 Cr).
Established history (24+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 4.52% (top quartile).
1M return: -0.31% (bottom quartile).
Sharpe: 0.26 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.15% (bottom quartile).
Modified duration: 3.00 yrs (top quartile).

SBI Magnum Income Fund

Lower mid AUM (₹2,046 Cr).
Established history (27+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 3.71% (upper mid).
1M return: -0.16% (upper mid).
Sharpe: -0.25 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.77% (upper mid).
Modified duration: 4.09 yrs (upper mid).

SBI Magnum Gilt Fund

Highest AUM (₹8,215 Cr).
Established history (25+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
1Y return: 3.45% (lower mid).
1M return: -0.03% (top quartile).
Sharpe: -0.20 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.38% (bottom quartile).
Modified duration: 6.13 yrs (bottom quartile).

ICICI Prudential Gilt Fund

Upper mid AUM (₹7,950 Cr).
Established history (27+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
1Y return: 3.27% (bottom quartile).
1M return: -1.03% (bottom quartile).
Sharpe: 0.00 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.62% (lower mid).
Modified duration: 8.90 yrs (bottom quartile).

UTI Bond Fund

Bottom quartile AUM (₹303 Cr).
Oldest track record among peers (28 yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
1Y return: 3.23% (bottom quartile).
1M return: -0.22% (lower mid).
Sharpe: -0.43 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.79% (top quartile).
Modified duration: 4.10 yrs (lower mid).

Best 10-Year Govt. Bond Funds

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2025 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
SBI Magnum Constant Maturity Fund Growth	₹65.7335 ↓ -0.06	₹1,605	-1.2	2.4	2.8	6.4	6.7	6.97%	6Y 9M 29D	9Y 7M 10D
Bandhan Government Securities Fund - Constant Maturity Plan Growth	₹47.8536 ↓ -0.05	₹294	-1	3.3	3.9	7.2	7.5	6.95%	6Y 10M 10D	10Y 25D
ICICI Prudential Constant Maturity Gilt Fund Growth	₹25.7376 ↓ -0.02	₹2,012	-1.2	3	3.5	6.9	7.5	7.06%	6Y 10M 13D	10Y 1M 13D
DSP 10Y G-Sec Fund Growth	₹22.2124 ↓ -0.02	₹44	-1.4	1.9	1.6	5.8	6.2	6.78%	6Y 10M 2D	8Y 10M 28D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Sep 26

Research Highlights & Commentary of 4 Funds showcased

Commentary	SBI Magnum Constant Maturity Fund	Bandhan Government Securities Fund - Constant Maturity Plan	ICICI Prudential Constant Maturity Gilt Fund	DSP 10Y G-Sec Fund
Point 1	Upper mid AUM (₹1,605 Cr).	Lower mid AUM (₹294 Cr).	Highest AUM (₹2,012 Cr).	Bottom quartile AUM (₹44 Cr).
Point 2	Oldest track record among peers (25 yrs).	Established history (24+ yrs).	Established history (12+ yrs).	Established history (12+ yrs).
Point 3	Top rated.	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderately Low.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 2.76% (lower mid).	1Y return: 3.93% (top quartile).	1Y return: 3.55% (upper mid).	1Y return: 1.57% (bottom quartile).
Point 6	1M return: -1.04% (lower mid).	1M return: -1.07% (bottom quartile).	1M return: -1.00% (upper mid).	1M return: -0.99% (top quartile).
Point 7	Sharpe: -0.23 (lower mid).	Sharpe: 0.16 (top quartile).	Sharpe: 0.01 (upper mid).	Sharpe: -0.68 (bottom quartile).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 6.97% (upper mid).	Yield to maturity (debt): 6.95% (lower mid).	Yield to maturity (debt): 7.06% (top quartile).	Yield to maturity (debt): 6.78% (bottom quartile).
Point 10	Modified duration: 6.83 yrs (top quartile).	Modified duration: 6.86 yrs (lower mid).	Modified duration: 6.87 yrs (bottom quartile).	Modified duration: 6.84 yrs (upper mid).

SBI Magnum Constant Maturity Fund

Upper mid AUM (₹1,605 Cr).
Oldest track record among peers (25 yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 2.76% (lower mid).
1M return: -1.04% (lower mid).
Sharpe: -0.23 (lower mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.97% (upper mid).
Modified duration: 6.83 yrs (top quartile).

Bandhan Government Securities Fund - Constant Maturity Plan

Lower mid AUM (₹294 Cr).
Established history (24+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 3.93% (top quartile).
1M return: -1.07% (bottom quartile).
Sharpe: 0.16 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.95% (lower mid).
Modified duration: 6.86 yrs (lower mid).

ICICI Prudential Constant Maturity Gilt Fund

Highest AUM (₹2,012 Cr).
Established history (12+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 3.55% (upper mid).
1M return: -1.00% (upper mid).
Sharpe: 0.01 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.06% (top quartile).
Modified duration: 6.87 yrs (bottom quartile).

DSP 10Y G-Sec Fund

Bottom quartile AUM (₹44 Cr).
Established history (12+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 1.57% (bottom quartile).
1M return: -0.99% (top quartile).
Sharpe: -0.68 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.78% (bottom quartile).
Modified duration: 6.84 yrs (upper mid).

*Below is the list of Bond Mutual Funds having net assets 50 Crore and having managed assets for over 3 Years. Based on heighest Yield to Maturity (YTM)

1. HDFC Medium Term Debt Fund

(Erstwhile HDFC High Interest Fund - Short Term Plan)

To generate income by investing in a range of debt and money market instruments of various maturity dates with a view to maximising income while maintaining the optimum balance of yield, safety and liquidity. The objective is to cater to the needs of investors with shorter term investment horizons and to provide stable returns over shorter periods.

Research Highlights for HDFC Medium Term Debt Fund

Upper mid AUM (₹3,599 Cr).
Oldest track record among peers (24 yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 5.71% (bottom quartile).
1M return: 0.10% (top quartile).
Sharpe: 0.41 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 8.44% (top quartile).
Modified duration: 2.70 yrs (top quartile).
Average maturity: 3.78 yrs (top quartile).
Exit load: 0-1 Months (0.25%),1 Months and above(NIL).
Top sector: Real Estate.
Higher exposure to Corporate (bond sector) vs peer median.
Debt-heavy allocation (~86%).
High-quality debt (AAA/AA ~97%).
Largest holding SIDDHIVINAYAK SECURITISATION TRUST (~4.9%).

Below is the key information for HDFC Medium Term Debt Fund

HDFC Medium Term Debt Fund Growth
Launch Date	6 Feb 02
NAV (30 Sep 26)	₹60.3364 ↑ 0.03 (0.05 %)
Net Assets (Cr)	₹3,599 on 31 Aug 26
Category	Debt - Medium term Bond
AMC	HDFC Asset Management Company Limited
Rating	☆☆☆
Risk	Moderate
Expense Ratio	1.32
Sharpe Ratio	0.41
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	300
Exit Load	0-1 Months (0.25%),1 Months and above(NIL)
Yield to Maturity	8.44%
Effective Maturity	3 Years 9 Months 11 Days
Modified Duration	2 Years 8 Months 12 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹10,184
30 Sep 23	₹10,890
30 Sep 24	₹11,793
30 Sep 25	₹12,660

HDFC Medium Term Debt Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for HDFC Medium Term Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 26

Duration	Returns
1 Month	0.1%
3 Month	0.7%
6 Month	3.6%
1 Year	5.7%
3 Year	7.1%
5 Year	6%
10 Year
15 Year
Since launch	7.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7.7%
2024	8.1%
2023	6.7%
2022	2.9%
2021	5%
2020	10%
2019	9.1%
2018	5.6%
2017	5.5%
2016	11.5%

Fund Manager information for HDFC Medium Term Debt Fund

Name	Since	Tenure
Anil Bamboli	7 Mar 26	0.49 Yr.
Praveen Jain	7 Mar 26	0.49 Yr.
Dhruv Muchhal	22 Jun 23	3.2 Yr.
Bhavyesh Divecha	1 Mar 25	1.5 Yr.

Data below for HDFC Medium Term Debt Fund as on 31 Aug 26

Asset Allocation

Asset Class	Value
Cash	8.73%
Equity	3.21%
Debt	86.45%
Other	1.62%

Debt Sector Allocation

Sector	Value
Corporate	76.7%
Government	11.12%
Cash Equivalent	7.36%

Credit Quality

Rating	Value
A	3%
AA	53.51%
AAA	43.5%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
SIDDHIVINAYAK SECURITISATION TRUST Unlisted bonds \| -	5%	₹174 Cr	175
GMR Airports Limited Debentures \| -	4%	₹159 Cr	15,000
Jubilant Beverages Limited Debentures \| -	3%	₹120 Cr	10,720
7.23% Govt Stock 2039 Sovereign Bonds \| -	3%	₹100 Cr	10,000,000 ↓ -500,000
Small Industries Development Bank Of India Debentures \| -	3%	₹100 Cr	10,000
SK Finance Limited Debentures \| -	3%	₹100 Cr	10,000
Kalpataru Projects International Limited Debentures \| -	3%	₹100 Cr	10,000
Sbfc Finance Limited Debentures \| -	3%	₹99 Cr	10,000
SHIVSHAKTI SECURITISATION TRUST Unlisted bonds \| -	3%	₹99 Cr	100
Kosamattam Finance Limited Debentures \| -	3%	₹98 Cr	10,000

2. Kotak Medium Term Fund

The investment objective of the scheme is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. There is no assurance or guarantee that the investment objective of the scheme will be achieved

Research Highlights for Kotak Medium Term Fund

Bottom quartile AUM (₹1,926 Cr).
Established history (12+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 5.56% (bottom quartile).
1M return: 0.00% (bottom quartile).
Sharpe: 0.48 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 8.37% (upper mid).
Modified duration: 2.99 yrs (upper mid).
Average maturity: 5.55 yrs (bottom quartile).
Exit load: 0-18 Months (2%),18 Months and above(NIL).
Top sector: Real Estate.
Higher exposure to Corporate (bond sector) vs peer median.
Debt-heavy allocation (~85%).
High-quality debt (AAA/AA ~92%).
Largest holding Jtpm Metal TRaders Limited (~5.6%).

Below is the key information for Kotak Medium Term Fund

Kotak Medium Term Fund Growth
Launch Date	25 Mar 14
NAV (30 Sep 26)	₹24.4915 ↑ 0.01 (0.05 %)
Net Assets (Cr)	₹1,926 on 31 Aug 26
Category	Debt - Medium term Bond
AMC	Kotak Mahindra Asset Management Co Ltd
Rating	☆☆☆
Risk	Moderate
Expense Ratio	1.63
Sharpe Ratio	0.48
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-18 Months (2%),18 Months and above(NIL)
Yield to Maturity	8.37%
Effective Maturity	5 Years 6 Months 18 Days
Modified Duration	2 Years 11 Months 26 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹10,231
30 Sep 23	₹10,806
30 Sep 24	₹11,866
30 Sep 25	₹12,847

Kotak Medium Term Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Kotak Medium Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 26

Duration	Returns
1 Month	0%
3 Month	0.7%
6 Month	3.6%
1 Year	5.6%
3 Year	7.9%
5 Year	6.3%
10 Year
15 Year
Since launch	7.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	8.9%
2024	9%
2023	6.1%
2022	3.2%
2021	4.7%
2020	8.5%
2019	7%
2018	5.4%
2017	6.6%
2016	10.9%

Fund Manager information for Kotak Medium Term Fund

Name	Since	Tenure
Deepak Agrawal	25 Mar 14	12.45 Yr.
Vihag Mishra	1 Jun 25	1.25 Yr.

Data below for Kotak Medium Term Fund as on 31 Aug 26

Asset Allocation

Asset Class	Value
Cash	5.24%
Equity	9.76%
Debt	84.69%
Other	0.31%

Debt Sector Allocation

Sector	Value
Corporate	74.51%
Government	10.19%
Cash Equivalent	5.24%

Credit Quality

Rating	Value
A	8.22%
AA	57.11%
AAA	34.66%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Jtpm Metal TRaders Limited Debentures \| -	6%	₹108 Cr	10,000
L&T Metro Rail (Hyderabad) Limited Debentures \| -	5%	₹97 Cr	10,000
Bamboo Hotel And Global Centre (Delhi) Private Limited Debentures \| -	5%	₹90 Cr	9,000
Adani Power Limited Debentures \| -	5%	₹90 Cr	9,000
Embassy Office Parks REIT (Real Estate) -, Since 31 May 21 \| 542602	4%	₹79 Cr	1,788,346
360 One Prime Limited Debentures \| -	4%	₹75 Cr	7,500
Mas Financial Services Limited Debentures \| -	4%	₹74 Cr	7,500
TATA Steel Limited Debentures \| -	4%	₹74 Cr	750
Aditya Birla Renewables Limited Debentures \| -	3%	₹60 Cr	6,000
Aditya Birla Real Estate Limited Debentures \| -	3%	₹55 Cr	5,500

3. ICICI Prudential Medium Term Bond Fund

(Erstwhile ICICI Prudential Corporate Bond Fund)

To generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.

Research Highlights for ICICI Prudential Medium Term Bond Fund

Upper mid AUM (₹5,419 Cr).
Established history (22+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderate.
1Y return: 6.28% (upper mid).
1M return: 0.06% (upper mid).
Sharpe: 0.84 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 8.29% (upper mid).
Modified duration: 3.03 yrs (lower mid).
Average maturity: 5.83 yrs (bottom quartile).
Exit load: 0-1 Years (1%),1 Years and above(NIL).
Top sector: Real Estate.
Top bond sector: Corporate.
Debt-heavy allocation (~89%).
High-quality debt (AAA/AA ~100%).
Largest holding Embassy Office Parks REIT (~3.7%).

Below is the key information for ICICI Prudential Medium Term Bond Fund

ICICI Prudential Medium Term Bond Fund Growth
Launch Date	15 Sep 04
NAV (30 Sep 26)	₹48.5861 ↑ 0.02 (0.04 %)
Net Assets (Cr)	₹5,419 on 31 Aug 26
Category	Debt - Medium term Bond
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆
Risk	Moderate
Expense Ratio	1.37
Sharpe Ratio	0.84
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-1 Years (1%),1 Years and above(NIL)
Yield to Maturity	8.29%
Effective Maturity	5 Years 9 Months 29 Days
Modified Duration	3 Years 11 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹10,324
30 Sep 23	₹11,040
30 Sep 24	₹11,937
30 Sep 25	₹12,981

ICICI Prudential Medium Term Bond Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for ICICI Prudential Medium Term Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 26

Duration	Returns
1 Month	0.1%
3 Month	0.8%
6 Month	3.9%
1 Year	6.3%
3 Year	7.7%
5 Year	6.6%
10 Year
15 Year
Since launch	7.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	9%
2024	8%
2023	7%
2022	4.2%
2021	5.5%
2020	10.4%
2019	9.2%
2018	5.1%
2017	6.5%
2016	10.2%

Fund Manager information for ICICI Prudential Medium Term Bond Fund

Name	Since	Tenure
Manish Banthia	7 Nov 16	9.82 Yr.
Akhil Kakkar	22 Jan 24	2.61 Yr.

Data below for ICICI Prudential Medium Term Bond Fund as on 31 Aug 26

Asset Allocation

Asset Class	Value
Cash	1.26%
Equity	9.36%
Debt	89.02%
Other	0.36%

Debt Sector Allocation

Sector	Value
Corporate	65.71%
Government	23.31%
Cash Equivalent	1.26%

Credit Quality

Rating	Value
AA	68.75%
AAA	31.25%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Embassy Office Parks REIT (Real Estate) -, Since 30 Apr 25 \| 542602	4%	₹197 Cr	4,474,126 ↓ -1,320
Adani Enterprises Limited Debentures \| -	3%	₹175 Cr	17,500
Vedanta Aluminium Metal Limited Debentures \| -	3%	₹171 Cr	17,000
6.9% Govt Stock 2065 Sovereign Bonds \| -	3%	₹170 Cr	18,979,000
Jtpm Metal TRaders Limited Debentures \| -	3%	₹162 Cr	15,000
TATA Projects Limited Debentures \| -	3%	₹150 Cr	15,000
Oberoi Realty Limited Debentures \| -	3%	₹149 Cr	15,000
SIDDHIVINAYAK SECURITISATION TRUST Unlisted bonds \| -	3%	₹149 Cr	150
7.34% Govt Stock 2064 Sovereign Bonds \| -	3%	₹141 Cr	14,822,500
Adani Power Limited Debentures \| -	2%	₹125 Cr	12,500

4. SBI Magnum Medium Duration Fund

(Erstwhile SBI Regular Savings Fund)

To provide attractive returns to the Magnum holders / Unit holders either through periodic dividends or through capital appreciation through an actively managed portfolio of debt, equity and money market instruments.

Research Highlights for SBI Magnum Medium Duration Fund

Highest AUM (₹6,489 Cr).
Established history (22+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 5.95% (upper mid).
1M return: 0.02% (bottom quartile).
Sharpe: 0.54 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 8.22% (lower mid).
Modified duration: 3.03 yrs (bottom quartile).
Average maturity: 4.34 yrs (upper mid).
Exit load: 0-12 Months (1.5%),12 Months and above(NIL).
Top sector: Real Estate.
Top bond sector: Corporate.
Debt-heavy allocation (~85%).
High-quality debt (AAA/AA ~90%).
Largest holding 6.94% Govt Stock 2036 (~6.9%).

Below is the key information for SBI Magnum Medium Duration Fund

SBI Magnum Medium Duration Fund Growth
Launch Date	12 Nov 03
NAV (30 Sep 26)	₹54.87 ↑ 0.04 (0.07 %)
Net Assets (Cr)	₹6,489 on 31 Aug 26
Category	Debt - Medium term Bond
AMC	SBI Funds Management Private Limited
Rating	☆☆☆
Risk	Moderate
Expense Ratio	1.22
Sharpe Ratio	0.54
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-12 Months (1.5%),12 Months and above(NIL)
Yield to Maturity	8.22%
Effective Maturity	4 Years 4 Months 2 Days
Modified Duration	3 Years 11 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹10,219
30 Sep 23	₹10,986
30 Sep 24	₹11,884
30 Sep 25	₹12,759

SBI Magnum Medium Duration Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for SBI Magnum Medium Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 26

Duration	Returns
1 Month	0%
3 Month	0.8%
6 Month	3.9%
1 Year	6%
3 Year	7.2%
5 Year	6.2%
10 Year
15 Year
Since launch	7.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7.5%
2024	8.1%
2023	7.2%
2022	3.4%
2021	3.8%
2020	12.3%
2019	11.1%
2018	6.2%
2017	7.6%
2016	14%

Fund Manager information for SBI Magnum Medium Duration Fund

Name	Since	Tenure
Lokesh Mallya	1 Dec 23	2.75 Yr.
Mohit Jain	30 Nov 17	8.76 Yr.

Data below for SBI Magnum Medium Duration Fund as on 31 Aug 26

Asset Allocation

Asset Class	Value
Cash	8.4%
Equity	6.47%
Debt	84.79%
Other	0.33%

Debt Sector Allocation

Sector	Value
Corporate	62.69%
Government	23.2%
Cash Equivalent	7.3%

Credit Quality

Rating	Value
A	9.96%
AA	52.21%
AAA	37.83%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
6.94% Govt Stock 2036 Sovereign Bonds \| -	7%	₹446 Cr	45,000,000
Godrej Properties Limited Debentures \| -	5%	₹301 Cr	30,000
7.06% Govt Stock 2041 Sovereign Bonds \| -	5%	₹296 Cr	30,000,000 ↑ 30,000,000
Jsw Jfe Kalinga Steel Limited Debentures \| -	4%	₹280 Cr	27,000
Yes Bank Limited Debentures \| -	3%	₹225 Cr	2,250
Aditya Birla Real Estate Limited Debentures \| -	3%	₹221 Cr	22,000
Renew Solar Energy (Jharkhand Five) Private Limited Debentures \| -	3%	₹218 Cr	24,000
Jtpm Metal TRaders Limited Debentures \| -	3%	₹216 Cr	20,000
Renserv Global Private Limited Debentures \| -	3%	₹205 Cr	20,500
Motilal Oswal Finvest Limited Debentures \| -	3%	₹201 Cr	20,000

5. Axis Strategic Bond Fund

(Erstwhile Axis Income Fund)

To generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments.

Research Highlights for Axis Strategic Bond Fund

Bottom quartile AUM (₹2,112 Cr).
Established history (14+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 5.82% (lower mid).
1M return: 0.05% (lower mid).
Sharpe: 0.46 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 8.18% (bottom quartile).
Modified duration: 3.25 yrs (bottom quartile).
Average maturity: 4.67 yrs (lower mid).
Exit load: 0-12 Months (1%),12 Months and above(NIL).
Top sector: Financial Services.
Top bond sector: Corporate.
Debt-heavy allocation (~94%).
High-quality debt (AAA/AA ~92%).
Largest holding 6.94% Govt Stock 2036 (~8.4%).

Below is the key information for Axis Strategic Bond Fund

Axis Strategic Bond Fund Growth
Launch Date	28 Mar 12
NAV (30 Sep 26)	₹30.1162 ↑ 0.03 (0.08 %)
Net Assets (Cr)	₹2,112 on 31 Aug 26
Category	Debt - Medium term Bond
AMC	Axis Asset Management Company Limited
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	1.32
Sharpe Ratio	0.46
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-12 Months (1%),12 Months and above(NIL)
Yield to Maturity	8.18%
Effective Maturity	4 Years 8 Months 1 Day
Modified Duration	3 Years 3 Months

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹10,302
30 Sep 23	₹11,027
30 Sep 24	₹12,003
30 Sep 25	₹12,994

Axis Strategic Bond Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Axis Strategic Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 26

Duration	Returns
1 Month	0.1%
3 Month	0.6%
6 Month	3.5%
1 Year	5.8%
3 Year	7.6%
5 Year	6.6%
10 Year
15 Year
Since launch	7.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	8.2%
2024	8.7%
2023	7.3%
2022	3.8%
2021	5.2%
2020	10.5%
2019	7.1%
2018	6.7%
2017	7.5%
2016	11.6%

Fund Manager information for Axis Strategic Bond Fund

Name	Since	Tenure
Devang Shah	5 Nov 12	13.83 Yr.
Sachin Jain	1 Feb 23	3.58 Yr.
Akhil Thakker	1 Feb 23	3.58 Yr.

Data below for Axis Strategic Bond Fund as on 31 Aug 26

Asset Allocation

Asset Class	Value
Cash	2.55%
Equity	3.48%
Debt	93.67%
Other	0.3%

Debt Sector Allocation

Sector	Value
Corporate	71.52%
Government	22.15%
Cash Equivalent	2.55%

Credit Quality

Rating	Value
A	7.59%
AA	55.74%
AAA	36.67%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
6.94% Govt Stock 2036 Sovereign Bonds \| -	8%	₹176 Cr	17,750,000 ↓ -5,500,000
Jubilant Beverages Limited Debentures \| -	3%	₹73 Cr	6,500
GMR Hyderabad International Airport Ltd Debentures \| -	3%	₹66 Cr	6,500
Tamilnadu State Development Loans Sovereign Bonds \| -	3%	₹62 Cr	6,358,600
Jubilant Bevco Limited Debentures \| -	3%	₹62 Cr	5,500
Vedanta Aluminium Metal Limited Debentures \| -	3%	₹60 Cr	6,000
Adani Power Limited Debentures \| -	3%	₹60 Cr	6,000
Delhi International Airport Limited Debentures \| -	3%	₹56 Cr	5,500
Aditya Birla Digital Fashion Ventures Limited Debentures \| -	3%	₹55 Cr	5,500
Hiranandani Financial Services Private Limited Debentures \| -	2%	₹52 Cr	5,200

6. Aditya Birla Sun Life Medium Term Plan

The primary investment objective of the Scheme is to generate regular income through investments in debt & money market instruments in order to make regular dividend payments to unit holders & secondary objective is growth of capital.

Research Highlights for Aditya Birla Sun Life Medium Term Plan

Lower mid AUM (₹3,319 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 7.88% (top quartile).
1M return: 0.09% (upper mid).
Sharpe: 1.28 (top quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 8.09% (bottom quartile).
Modified duration: 2.95 yrs (upper mid).
Average maturity: 4.36 yrs (upper mid).
Exit load: 0-365 Days (1%),365 Days and above(NIL).
Top sector: Real Estate.
Top bond sector: Corporate.
Debt-heavy allocation (~85%).
High-quality debt (AAA/AA ~90%).
Largest holding 6.94% Govt Stock 2036 (~10.9%).

Below is the key information for Aditya Birla Sun Life Medium Term Plan

Aditya Birla Sun Life Medium Term Plan Growth
Launch Date	25 Mar 09
NAV (30 Sep 26)	₹43.7653 ↑ 0.02 (0.04 %)
Net Assets (Cr)	₹3,319 on 31 Aug 26
Category	Debt - Medium term Bond
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	1.55
Sharpe Ratio	1.28
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	1,000
Exit Load	0-365 Days (1%),365 Days and above(NIL)
Yield to Maturity	8.09%
Effective Maturity	4 Years 4 Months 10 Days
Modified Duration	2 Years 11 Months 12 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 21	₹10,000
30 Sep 22	₹12,349
30 Sep 23	₹13,234
30 Sep 24	₹14,419
30 Sep 25	₹16,212

Aditya Birla Sun Life Medium Term Plan SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹215,396.
Net Profit of ₹35,396 Invest Now

Returns for Aditya Birla Sun Life Medium Term Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 26

Duration	Returns
1 Month	0.1%
3 Month	0.6%
6 Month	3.6%
1 Year	7.9%
3 Year	9.7%
5 Year	11.8%
10 Year
15 Year
Since launch	8.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	10.9%
2024	10.5%
2023	6.9%
2022	24.8%
2021	7.1%
2020	8.1%
2019	-4.4%
2018	5.6%
2017	7%
2016	10.9%

Fund Manager information for Aditya Birla Sun Life Medium Term Plan

Name	Since	Tenure
Sunaina Cunha	1 Sep 14	12.01 Yr.
Mohit Sharma	6 Aug 20	6.07 Yr.

Data below for Aditya Birla Sun Life Medium Term Plan as on 31 Aug 26

Asset Allocation

Asset Class	Value
Cash	10.93%
Equity	4.07%
Debt	84.77%
Other	0.23%

Debt Sector Allocation

Sector	Value
Corporate	55.76%
Government	29.01%
Cash Equivalent	10.93%

Credit Quality

Rating	Value
A	9.91%
AA	40.96%
AAA	49.13%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
6.94% Govt Stock 2036 Sovereign Bonds \| -	11%	₹366 Cr	37,000,000 ↓ -6,000,000
Bajaj Housing Finance Limited Debentures \| -	4%	₹125 Cr	12,500 ↓ -2,500
National Bank For Agriculture And Rural Development Debentures \| -	4%	₹124 Cr	12,500 ↑ 12,500
National Bank For Agriculture And Rural Development Debentures \| -	3%	₹113 Cr	11,500
Hinduja Leyland Finance Limited Debentures \| -	3%	₹109 Cr	11,000
Cholamandalam Investment And Finance Company Limited Debentures \| -	3%	₹103 Cr	10,500
Oxyzo Financial Services Limited Debentures \| -	3%	₹89 Cr	9,000
GMR Airports Limited Debentures \| -	3%	₹85 Cr	8,000
Jubilant Bevco Limited Debentures \| -	2%	₹83 Cr	7,400
Jtpm Metal TRaders Limited Debentures \| -	2%	₹83 Cr	7,673

Bond Funds Taxation

Tax implication on Bond Funds or Debt Funds is computed in the following manner-

Short Term Capital Gains

If the holding period of a debt investment is less than 36 months, then it is classified as a short-term investment and these are taxed as per individual's tax slab.

Long Term Capital Gains

If the holding period of debt investment is more than 36 months, then it is classified as a long-term investment and is taxed at 20% with an indexation benefit.

Capital Gains	Investment Holding Gains	Taxation
Short Term Capital Gains	Less than 36 months	As per individual's tax slab
Long Term Capital Gains	More than 36 months	20% with indexation benefits

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.