7 சிறந்த நடுத்தர கால நிதிகள் 2022

Updated on August 10, 2025 , 8015 views

நடுத்தர கால முதலீட்டு விருப்பத்தை நீங்கள் தேடுகிறீர்களா? அடுத்த 3-4 ஆண்டுகளுக்கு நீங்கள் முதலீடு செய்ய விரும்பும் செயலற்ற பணம் உங்களிடம் உள்ளதா? ஆம் எனில், உங்களுக்கான நிதி இதோ- நடுத்தர கால நிதிகள்! நடுத்தர கால நிதிகள் ஒரு வகை கடன்பரஸ்பர நிதி என்று கடன் முதலீடு மற்றும்பண சந்தை மூன்று முதல் நான்கு ஆண்டுகள் மெக்காலே கால அளவு கொண்ட கருவிகள். முதலீடு செய்ய சிறந்த நடுத்தர கால நிதிகள் சிலவற்றைப் பார்ப்பதோடு, இந்த நிதியைப் பற்றி மேலும் புரிந்துகொள்வோம்.

நடுத்தர கால கடன் நிதிகள்- மேலோட்டம்

கடன் பொதுவாக முதிர்ச்சியின் அடிப்படையில் வகைப்படுத்தப்படுகிறது. விதிமுறைகள்கடன் நிதி அவை - குறைந்த கால நிதிகள், குறுகிய காலம், நடுத்தர காலம், நடுத்தர முதல் நீண்ட காலம் மற்றும் நீண்ட கால நிதிகள். நடுத்தர கால நிதிகள் கடன் பத்திரங்களில் 3-4 ஆண்டுகள் முதிர்ச்சியுடன் முதலீடு செய்கின்றன. இந்த ஃபண்டின் முதிர்வு குறுகிய கால ஃபண்டுகளை விட குறைவாகவும் நீண்ட கால ஃபண்டுகளை விட அதிகமாகவும் இருக்கும்.

பொதுவாக, நடுத்தர கால நிதிகளின் வட்டி விகிதம் குறுகிய கால நிதியை விட அதிகமாக இருக்கும். வெறுமனே, இந்த நிதிகள் குறுகிய கால வட்டி விகிதங்கள் அதிகமாக இருக்கும்போது செயல்பட முனைகின்றன. கடன் நிதிகள் ஆபத்து இல்லாதவை என்று ஒரு பிரபலமான நம்பிக்கை உள்ளது, ஆனால் அவை முற்றிலும் ஆபத்து இல்லாதவை. கடன் சொத்துக்களுடன் இணைக்கப்பட்ட சில நிலையான அபாயங்கள் உள்ளன- வட்டி விகிதம் ஆபத்து, கடன் ஆபத்து மற்றும்நீர்மை நிறை ஆபத்து.

நடுத்தர கால நிதிகளின் வட்டி விகிதம்-ஆபத்தை நாம் பார்த்தால், அது குறுகிய கால நிதியை விட அதிகமாகும். எனவே, இந்த வகையான நிதிகளில் முதலீடு செய்யத் திட்டமிடும் முதலீட்டாளர்கள் முதலீடுகளில் சிறிய அபாயத்தை பொறுத்துக்கொள்ள முடியும்.

கடன் மியூச்சுவல் ஃபண்டுகளில் முதலீடு செய்வதற்கான அம்சங்கள்

கடன் நிதிகளில், ஒருவர் எந்த நேரத்திலும் முதலீட்டிலிருந்து தேவையான நிதியை திரும்பப் பெறலாம், மேலும் மீதமுள்ள நிதியை முதலீடு செய்ய அனுமதிக்கலாம்.
கடன் நிதிகள் வழக்கமான காலத்திற்கு உகந்த வருமானத்தை ஈட்டுவதாகக் கருதப்படுகிறது. உதாரணமாக, டிவிடெண்ட் பேஅவுட்டைத் தேர்ந்தெடுப்பது வழக்கமான ஒரு விருப்பமாக இருக்கலாம்வருமானம் ஓட்டம்.
போலல்லாமல்ஈக்விட்டி நிதிகள், கடன்கள் பாதிக்கப்படாதுசந்தை நிலையற்ற தன்மை, உண்மையில் அவை வட்டி விகித ஆபத்து மற்றும் கடன் அபாயம் போன்ற நிலையான அபாயத்தைக் கொண்டுள்ளன.
கடன் நிதிகளில், நீங்கள் உருவாக்கலாம்நிலையான வருமானம் ஒவ்வொரு மாதமும் ஒரு முறையான திரும்பப் பெறுதல் திட்டத்தைத் தொடங்குவதன் மூலம் (SWP என்பது ஒரு இருப்புஎஸ்ஐபி/தயவு செய்து) ஒரு மாதத்திற்கு ஒரு நிலையான தொகையை திரும்பப் பெறுதல்அடிப்படை. மேலும், தேவைப்படும் போது SWP இன் அளவை மாற்றலாம்.

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2022 - 2023 முதல் 7 சிறந்த செயல்திறன் கொண்ட நடுத்தர கால நிதிகள்

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Aditya Birla Sun Life Medium Term Plan Growth	₹40.1906 ↓ -0.01	₹2,732	2.1	7.2	13.1	9.4	10.5	7.52%	3Y 7M 17D	4Y 10M 10D
Axis Strategic Bond Fund Growth	₹28.2159 ↓ -0.01	₹1,942	1.7	4.7	8.8	7.9	8.7	7.66%	3Y 2M 19D	4Y 1M 17D
ICICI Prudential Medium Term Bond Fund Growth	₹45.1546 ↓ 0.00	₹5,701	1.8	4.6	8.8	7.7	8	7.69%	2Y 10M 28D	4Y 8M 5D
DSP Bond Fund Growth	₹82.478 ↓ -0.04	₹315	1.6	5	8.8	7.5	7.6	6.59%	3Y 3M 11D	4Y 11D
SBI Magnum Medium Duration Fund Growth	₹51.3866 ↑ 0.01	₹6,506	1.1	4	8	7.5	8.1	7.23%	3Y 9M 11D	5Y 2M 26D
Kotak Medium Term Fund Growth	₹22.8957 ↑ 0.01	₹1,901	1.6	4.5	8.6	7.4	9	7.65%	2Y 9M	4Y 18D
HDFC Medium Term Debt Fund Growth	₹56.5896 ↓ -0.02	₹3,871	1.3	4.2	8	7.3	8.1	7.34%	3Y 7M 6D	5Y 10M 28D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 13 Aug 25

Research Highlights & Commentary of 7 Funds showcased

Commentary	Aditya Birla Sun Life Medium Term Plan	Axis Strategic Bond Fund	ICICI Prudential Medium Term Bond Fund	DSP Bond Fund	SBI Magnum Medium Duration Fund	Kotak Medium Term Fund	HDFC Medium Term Debt Fund
Point 1	Lower mid AUM (₹2,732 Cr).	Lower mid AUM (₹1,942 Cr).	Upper mid AUM (₹5,701 Cr).	Bottom quartile AUM (₹315 Cr).	Highest AUM (₹6,506 Cr).	Bottom quartile AUM (₹1,901 Cr).	Upper mid AUM (₹3,871 Cr).
Point 2	Established history (16+ yrs).	Established history (13+ yrs).	Established history (20+ yrs).	Oldest track record among peers (28 yrs).	Established history (21+ yrs).	Established history (11+ yrs).	Established history (23+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 2★ (bottom quartile).	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 13.12% (top quartile).	1Y return: 8.82% (upper mid).	1Y return: 8.76% (lower mid).	1Y return: 8.83% (upper mid).	1Y return: 7.97% (bottom quartile).	1Y return: 8.57% (lower mid).	1Y return: 7.99% (bottom quartile).
Point 6	1M return: 0.23% (top quartile).	1M return: 0.13% (lower mid).	1M return: 0.17% (upper mid).	1M return: 0.11% (lower mid).	1M return: -0.11% (bottom quartile).	1M return: 0.13% (upper mid).	1M return: 0.00% (bottom quartile).
Point 7	Sharpe: 3.02 (top quartile).	Sharpe: 2.09 (upper mid).	Sharpe: 2.48 (upper mid).	Sharpe: 1.61 (lower mid).	Sharpe: 1.57 (bottom quartile).	Sharpe: 1.95 (lower mid).	Sharpe: 1.42 (bottom quartile).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower 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): 7.52% (lower mid).	Yield to maturity (debt): 7.66% (upper mid).	Yield to maturity (debt): 7.69% (top quartile).	Yield to maturity (debt): 6.59% (bottom quartile).	Yield to maturity (debt): 7.23% (bottom quartile).	Yield to maturity (debt): 7.65% (upper mid).	Yield to maturity (debt): 7.34% (lower mid).
Point 10	Modified duration: 3.63 yrs (bottom quartile).	Modified duration: 3.22 yrs (upper mid).	Modified duration: 2.91 yrs (upper mid).	Modified duration: 3.28 yrs (lower mid).	Modified duration: 3.78 yrs (bottom quartile).	Modified duration: 2.75 yrs (top quartile).	Modified duration: 3.60 yrs (lower mid).

Aditya Birla Sun Life Medium Term Plan

Lower mid AUM (₹2,732 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 13.12% (top quartile).
1M return: 0.23% (top quartile).
Sharpe: 3.02 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.52% (lower mid).
Modified duration: 3.63 yrs (bottom quartile).

Axis Strategic Bond Fund

Lower mid AUM (₹1,942 Cr).
Established history (13+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 8.82% (upper mid).
1M return: 0.13% (lower mid).
Sharpe: 2.09 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.66% (upper mid).
Modified duration: 3.22 yrs (upper mid).

ICICI Prudential Medium Term Bond Fund

Upper mid AUM (₹5,701 Cr).
Established history (20+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderate.
1Y return: 8.76% (lower mid).
1M return: 0.17% (upper mid).
Sharpe: 2.48 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.69% (top quartile).
Modified duration: 2.91 yrs (upper mid).

DSP Bond Fund

Bottom quartile AUM (₹315 Cr).
Oldest track record among peers (28 yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 8.83% (upper mid).
1M return: 0.11% (lower mid).
Sharpe: 1.61 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.59% (bottom quartile).
Modified duration: 3.28 yrs (lower mid).

SBI Magnum Medium Duration Fund

Highest AUM (₹6,506 Cr).
Established history (21+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 7.97% (bottom quartile).
1M return: -0.11% (bottom quartile).
Sharpe: 1.57 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.23% (bottom quartile).
Modified duration: 3.78 yrs (bottom quartile).

Kotak Medium Term Fund

Bottom quartile AUM (₹1,901 Cr).
Established history (11+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 8.57% (lower mid).
1M return: 0.13% (upper mid).
Sharpe: 1.95 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.65% (upper mid).
Modified duration: 2.75 yrs (top quartile).

HDFC Medium Term Debt Fund

Upper mid AUM (₹3,871 Cr).
Established history (23+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 7.99% (bottom quartile).
1M return: 0.00% (bottom quartile).
Sharpe: 1.42 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.34% (lower mid).
Modified duration: 3.60 yrs (lower mid).

*மேலே சிறந்த பட்டியல்நடுத்தர காலம் மேலே உள்ள AUM/நிகர சொத்துகளைக் கொண்ட நிதிகள்100 கோடி. வரிசைப்படுத்தப்பட்டதுகடந்த 3 வருட வருவாய்.

1. 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 (₹2,732 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 13.12% (top quartile).
1M return: 0.23% (top quartile).
Sharpe: 3.02 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.52% (lower mid).
Modified duration: 3.63 yrs (bottom quartile).
Average maturity: 4.86 yrs (lower mid).
Exit load: 0-365 Days (1%),365 Days and above(NIL).
Top sector: Real Estate.
Top bond sector: Corporate.
Debt-heavy allocation (~91%).
High-quality debt (AAA/AA ~96%).
Largest holding 6.79% Govt Stock 2034 (~8.5%).

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 (13 Aug 25)	₹40.1906 ↓ -0.01 (-0.02 %)
Net Assets (Cr)	₹2,732 on 15 Jul 25
Category	Debt - Medium term Bond
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	1.55
Sharpe Ratio	3.02
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	7.52%
Effective Maturity	4 Years 10 Months 10 Days
Modified Duration	3 Years 7 Months 17 Days

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,944
31 Jul 22	₹13,565
31 Jul 23	₹14,546
31 Jul 24	₹15,677
31 Jul 25	₹17,818

Aditya Birla Sun Life Medium Term Plan SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹218,539.
Net Profit of ₹38,539 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 13 Aug 25

Duration	Returns
1 Month	0.2%
3 Month	2.1%
6 Month	7.2%
1 Year	13.1%
3 Year	9.4%
5 Year	12.2%
10 Year
15 Year
Since launch	8.9%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	9.5%

Fund Manager information for Aditya Birla Sun Life Medium Term Plan

Name	Since	Tenure
Sunaina Cunha	1 Sep 14	10.92 Yr.
Mohit Sharma	6 Aug 20	4.99 Yr.

Data below for Aditya Birla Sun Life Medium Term Plan as on 15 Jul 25

Asset Allocation

Asset Class	Value
Cash	4.15%
Equity	4.26%
Debt	91.33%
Other	0.26%

Debt Sector Allocation

Sector	Value
Corporate	56.42%
Government	34.91%
Cash Equivalent	4.15%

Credit Quality

Rating	Value
A	4%
AA	42.22%
AAA	53.79%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
6.79% Govt Stock 2034 Sovereign Bonds \| -	8%	₹231 Cr	22,500,000 ↓ -3,500,000
7.1% Govt Stock 2034 Sovereign Bonds \| -	7%	₹195 Cr	18,696,700
7.18% Govt Stock 2033 Sovereign Bonds \| -	7%	₹194 Cr	18,500,000
Nuvama Wealth Finance Limited Debentures \| -	4%	₹96 Cr	9,500
Jubilant Bevco Limited Debentures \| -	3%	₹76 Cr	7,400
Indian Railway Finance Corporation Limited Debentures \| -	3%	₹76 Cr	7,500 ↑ 2,500
National Bank For Financing Infrastructure And Development Debentures \| -	3%	₹71 Cr	7,000
Power Grid Corporation Of India Limited Debentures \| -	3%	₹70 Cr	7,000
360 One Prime Limited Debentures \| -	2%	₹65 Cr	6,500
SK Finance Limited Debentures \| -	2%	₹65 Cr	6,500

2. 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

Lower mid AUM (₹1,942 Cr).
Established history (13+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 8.82% (upper mid).
1M return: 0.13% (lower mid).
Sharpe: 2.09 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.66% (upper mid).
Modified duration: 3.22 yrs (upper mid).
Average maturity: 4.13 yrs (upper mid).
Exit load: 0-12 Months (1%),12 Months and above(NIL).
Top sector: Financial Services.
Top bond sector: Corporate.
Debt-heavy allocation (~93%).
High-quality debt (AAA/AA ~92%).
Largest holding 7.1% Govt Stock 2034 (~13.0%).

Below is the key information for Axis Strategic Bond Fund

Axis Strategic Bond Fund Growth
Launch Date	28 Mar 12
NAV (13 Aug 25)	₹28.2159 ↓ -0.01 (-0.02 %)
Net Assets (Cr)	₹1,942 on 30 Jun 25
Category	Debt - Medium term Bond
AMC	Axis Asset Management Company Limited
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	1.06
Sharpe Ratio	2.09
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	7.66%
Effective Maturity	4 Years 1 Month 17 Days
Modified Duration	3 Years 2 Months 19 Days

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,677
31 Jul 22	₹11,073
31 Jul 23	₹11,839
31 Jul 24	₹12,773
31 Jul 25	₹13,961

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 13 Aug 25

Duration	Returns
1 Month	0.1%
3 Month	1.7%
6 Month	4.7%
1 Year	8.8%
3 Year	7.9%
5 Year	6.9%
10 Year
15 Year
Since launch	8.1%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	6.8%

Fund Manager information for Axis Strategic Bond Fund

Name	Since	Tenure
Devang Shah	5 Nov 12	12.74 Yr.
Sachin Jain	1 Feb 23	2.5 Yr.
Akhil Thakker	1 Feb 23	2.5 Yr.

Data below for Axis Strategic Bond Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	6.33%
Equity	0.27%
Debt	93.12%
Other	0.28%

Debt Sector Allocation

Sector	Value
Corporate	64.43%
Government	28.69%
Cash Equivalent	6.33%

Credit Quality

Rating	Value
A	8.23%
AA	50.41%
AAA	41.36%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.1% Govt Stock 2034 Sovereign Bonds \| -	13%	₹253 Cr	24,200,000
6.79% Govt Stock 2034 Sovereign Bonds \| -	5%	₹103 Cr	10,031,900 ↑ 10,000,000
7.18% Govt Stock 2033 Sovereign Bonds \| -	4%	₹83 Cr	7,900,000 ↓ -10,500,000
Jubilant Beverages Limited Debentures \| -	3%	₹67 Cr	6,500
GMR Hyderabad International Airport Ltd Debentures \| -	3%	₹66 Cr	6,500
Delhi International Airport Limited Debentures \| -	3%	₹66 Cr	6,500
Nirma Limited Debentures \| -	3%	₹61 Cr	6,000
Vedanta Limited Debentures \| -	3%	₹60 Cr	6,000
Aditya Birla Digital Fashion Ventures Limited Debentures \| -	3%	₹60 Cr	6,000
Nuvama Wealth Finance Limited Debentures \| -	3%	₹58 Cr	5,800

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 (₹5,701 Cr).
Established history (20+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderate.
1Y return: 8.76% (lower mid).
1M return: 0.17% (upper mid).
Sharpe: 2.48 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.69% (top quartile).
Modified duration: 2.91 yrs (upper mid).
Average maturity: 4.68 yrs (lower mid).
Exit load: 0-1 Years (1%),1 Years and above(NIL).
Top sector: Real Estate.
Top bond sector: Corporate.
Debt-heavy allocation (~87%).
High-quality debt (AAA/AA ~99%).
Largest holding 7.1% Govt Stock 2034 (~9.8%).

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 (13 Aug 25)	₹45.1546 ↓ 0.00 (0.00 %)
Net Assets (Cr)	₹5,701 on 30 Jun 25
Category	Debt - Medium term Bond
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆
Risk	Moderate
Expense Ratio	1.4
Sharpe Ratio	2.48
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	7.69%
Effective Maturity	4 Years 8 Months 5 Days
Modified Duration	2 Years 10 Months 28 Days

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,747
31 Jul 22	₹11,147
31 Jul 23	₹11,915
31 Jul 24	₹12,797
31 Jul 25	₹13,983

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 13 Aug 25

Duration	Returns
1 Month	0.2%
3 Month	1.8%
6 Month	4.6%
1 Year	8.8%
3 Year	7.7%
5 Year	6.9%
10 Year
15 Year
Since launch	7.5%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	8.4%

Fund Manager information for ICICI Prudential Medium Term Bond Fund

Name	Since	Tenure
Manish Banthia	7 Nov 16	8.74 Yr.
Akhil Kakkar	22 Jan 24	1.52 Yr.

Data below for ICICI Prudential Medium Term Bond Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	6.23%
Equity	6.18%
Debt	87.28%
Other	0.32%

Debt Sector Allocation

Sector	Value
Corporate	65.15%
Government	22.56%
Cash Equivalent	5.8%

Credit Quality

Rating	Value
AA	59.79%
AAA	39.25%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.1% Govt Stock 2034 Sovereign Bonds \| -	10%	₹559 Cr	53,458,200 ↓ -12,500,000
7.34% Govt Stock 2064 Sovereign Bonds \| -	3%	₹195 Cr	18,801,500
Embassy Office Parks REIT (Real Estate) -, Since 30 Apr 25 \| 542602	3%	₹186 Cr	4,765,556 ↓ -74,678
National Bank For Agriculture And Rural Development Debentures \| -	3%	₹177 Cr	17,500
Vedanta Limited Debentures \| -	3%	₹171 Cr	17,000
Godrej Properties Limited Debentures \| -	3%	₹154 Cr	15,000
Oberoi Realty Limited Debentures \| -	3%	₹153 Cr	15,000
TATA Projects Limited Debentures \| -	3%	₹151 Cr	15,000
Macrotech Developers Limited Debentures \| -	2%	₹126 Cr	12,500
TVS Credit Services Limited Debentures \| -	2%	₹114 Cr	110

4. DSP Bond Fund

Aims to generate attractive returns consistent with prudent risk from a diversified portfolio substantially constituted of high quality debt securities.

Research Highlights for DSP Bond Fund

Bottom quartile AUM (₹315 Cr).
Oldest track record among peers (28 yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 8.83% (upper mid).
1M return: 0.11% (lower mid).
Sharpe: 1.61 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.59% (bottom quartile).
Modified duration: 3.28 yrs (lower mid).
Average maturity: 4.03 yrs (top quartile).
Exit load: 0-6 Months (0.25%),6 Months and above(NIL).
Higher exposure to Financial Services vs peer median.
Top bond sector: Corporate.
Debt-heavy allocation (~80%).
High-quality debt (AAA/AA ~100%).
Largest holding 7.32% Govt Stock 2030 (~15.1%).

Below is the key information for DSP Bond Fund

DSP Bond Fund Growth
Launch Date	29 Apr 97
NAV (13 Aug 25)	₹82.478 ↓ -0.04 (-0.05 %)
Net Assets (Cr)	₹315 on 30 Jun 25
Category	Debt - Medium term Bond
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆☆
Risk	Moderate
Expense Ratio	0.74
Sharpe Ratio	1.61
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	500
Exit Load	0-6 Months (0.25%),6 Months and above(NIL)
Yield to Maturity	6.59%
Effective Maturity	4 Years 11 Days
Modified Duration	3 Years 3 Months 11 Days

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,397
31 Jul 22	₹10,643
31 Jul 23	₹11,344
31 Jul 24	₹12,180
31 Jul 25	₹13,308

DSP Bond Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for DSP 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 13 Aug 25

Duration	Returns
1 Month	0.1%
3 Month	1.6%
6 Month	5%
1 Year	8.8%
3 Year	7.5%
5 Year	5.9%
10 Year
15 Year
Since launch	7.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.6%
2023	7%
2022	2.9%
2021	3.4%
2020	10%
2019	3%
2018	3.6%
2017	5%
2016	12.9%
2015	6%

Fund Manager information for DSP Bond Fund

Name	Since	Tenure
Vivek Ramakrishnan	17 Jul 21	4.04 Yr.
Karan Mundhra	1 May 21	4.25 Yr.

Data below for DSP Bond Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	18.95%
Debt	80.38%
Other	0.67%

Debt Sector Allocation

Sector	Value
Corporate	56.02%
Government	39.56%
Cash Equivalent	3.75%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.32% Govt Stock 2030 Sovereign Bonds \| -	15%	₹48 Cr	4,500,000
LIC Housing Finance Ltd Debentures \| -	8%	₹26 Cr	2,500
Small Industries Development Bank Of India Debentures \| -	8%	₹26 Cr	2,500
Chhattisgarh (Government of) 7.03% - \| -	8%	₹26 Cr	2,500,000
Bajaj Finance Limited Debentures \| -	8%	₹26 Cr	250
National Bank For Agriculture And Rural Development Debentures \| -	8%	₹26 Cr	2,500
Rec Limited Debentures \| -	8%	₹26 Cr	2,500
Indian Railway Finance Corporation Limited Debentures \| -	8%	₹25 Cr	2,500
Bajaj Housing Finance Limited Debentures \| -	8%	₹25 Cr	2,500 ↑ 2,500
SBI Funds Management Pvt Ltd/Fund Parent Investment Fund \| -	0%	₹1 Cr	948

5. 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 (₹6,506 Cr).
Established history (21+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 7.97% (bottom quartile).
1M return: -0.11% (bottom quartile).
Sharpe: 1.57 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.23% (bottom quartile).
Modified duration: 3.78 yrs (bottom quartile).
Average maturity: 5.24 yrs (bottom quartile).
Exit load: 0-12 Months (1.5%),12 Months and above(NIL).
Top bond sector: Corporate.
Debt-heavy allocation (~89%).
High-quality debt (AAA/AA ~93%).
Largest holding 6.79% Govt Stock 2034 (~18.5%).
Top-3 holdings concentration ~39.1%.

Below is the key information for SBI Magnum Medium Duration Fund

SBI Magnum Medium Duration Fund Growth
Launch Date	12 Nov 03
NAV (13 Aug 25)	₹51.3866 ↑ 0.01 (0.01 %)
Net Assets (Cr)	₹6,506 on 30 Jun 25
Category	Debt - Medium term Bond
AMC	SBI Funds Management Private Limited
Rating	☆☆☆
Risk	Moderate
Expense Ratio	1.22
Sharpe Ratio	1.57
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	7.23%
Effective Maturity	5 Years 2 Months 26 Days
Modified Duration	3 Years 9 Months 11 Days

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,626
31 Jul 22	₹10,899
31 Jul 23	₹11,688
31 Jul 24	₹12,552
31 Jul 25	₹13,631

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 13 Aug 25

Duration	Returns
1 Month	-0.1%
3 Month	1.1%
6 Month	4%
1 Year	8%
3 Year	7.5%
5 Year	6.3%
10 Year
15 Year
Since launch	7.8%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	6.6%

Fund Manager information for SBI Magnum Medium Duration Fund

Name	Since	Tenure
Lokesh Mallya	1 Dec 23	1.67 Yr.
Mohit Jain	30 Nov 17	7.67 Yr.

Data below for SBI Magnum Medium Duration Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	10.61%
Debt	89.09%
Other	0.3%

Debt Sector Allocation

Sector	Value
Corporate	44.88%
Government	44.21%
Cash Equivalent	10.61%

Credit Quality

Rating	Value
A	7.26%
AA	42.07%
AAA	50.67%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
6.79% Govt Stock 2034 Sovereign Bonds \| -	19%	₹1,224 Cr	119,000,000
7.18% Govt Stock 2033 Sovereign Bonds \| -	12%	₹803 Cr	76,500,000
7.18% Govt Stock 2037 Sovereign Bonds \| -	8%	₹560 Cr	53,500,000
Godrej Properties Limited Debentures \| -	5%	₹305 Cr	30,000
Avanse Financial Services Limited Debentures \| -	4%	₹252 Cr	25,000
Renew Solar Energy (Jharkhand Five) Private Limited Debentures \| -	4%	₹232 Cr	24,000
National Bank For Agriculture And Rural Development Debentures \| -	3%	₹230 Cr	22,500 ↑ 2,500
Aditya Birla Real Estate Limited Debentures \| -	3%	₹224 Cr	22,000
Yes Bank Limited Debentures \| -	3%	₹224 Cr	2,250
Renserv Global Private Limited Debentures \| -	3%	₹206 Cr	20,500

6. 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 (₹1,901 Cr).
Established history (11+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 8.57% (lower mid).
1M return: 0.13% (upper mid).
Sharpe: 1.95 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.65% (upper mid).
Modified duration: 2.75 yrs (top quartile).
Average maturity: 4.05 yrs (upper mid).
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 (~87%).
High-quality debt (AAA/AA ~88%).
Largest holding 7.1% Govt Stock 2034 (~8.5%).

Below is the key information for Kotak Medium Term Fund

Kotak Medium Term Fund Growth
Launch Date	25 Mar 14
NAV (13 Aug 25)	₹22.8957 ↑ 0.01 (0.03 %)
Net Assets (Cr)	₹1,901 on 30 Jun 25
Category	Debt - Medium term Bond
AMC	Kotak Mahindra Asset Management Co Ltd
Rating	☆☆☆
Risk	Moderate
Expense Ratio	1.58
Sharpe Ratio	1.95
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	7.65%
Effective Maturity	4 Years 18 Days
Modified Duration	2 Years 9 Months

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,682
31 Jul 22	₹11,018
31 Jul 23	₹11,639
31 Jul 24	₹12,588
31 Jul 25	₹13,765

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 13 Aug 25

Duration	Returns
1 Month	0.1%
3 Month	1.6%
6 Month	4.5%
1 Year	8.6%
3 Year	7.4%
5 Year	6.6%
10 Year
15 Year
Since launch	7.5%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	9.3%

Fund Manager information for Kotak Medium Term Fund

Name	Since	Tenure
Deepak Agrawal	25 Mar 14	11.36 Yr.
Vihag Mishra	1 Jun 25	0.17 Yr.

Data below for Kotak Medium Term Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	5.55%
Equity	5.79%
Debt	86.98%
Other	1.68%

Debt Sector Allocation

Sector	Value
Corporate	67.9%
Government	18.7%
Cash Equivalent	5.93%

Credit Quality

Rating	Value
A	10.88%
AA	38.57%
AAA	48.99%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.1% Govt Stock 2034 Sovereign Bonds \| -	8%	₹157 Cr	15,000,000
7.18% Govt Stock 2033 Sovereign Bonds \| -	8%	₹147 Cr	14,043,470
Rec Limited Debentures \| -	5%	₹100 Cr	10,000 ↑ 10,000
Bamboo Hotel And Global Centre (Delhi) Private Limited Debentures \| -	5%	₹91 Cr	9,000
TATA Steel Limited Debentures \| -	4%	₹77 Cr	750
Pipeline Infrastructure Limited Debentures \| -	4%	₹65 Cr	6,280
Aditya Birla Renewables Limited Debentures \| -	3%	₹61 Cr	6,000
Indostar Capital Finance Limited Debentures \| -	3%	₹60 Cr	6,000
Embassy Office Parks REIT (Real Estate) -, Since 31 May 21 \| 542602	3%	₹59 Cr	1,498,708
Aditya Birla Real Estate Limited Debentures \| -	3%	₹56 Cr	5,500

7. 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 (₹3,871 Cr).
Established history (23+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 7.99% (bottom quartile).
1M return: 0.00% (bottom quartile).
Sharpe: 1.42 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.34% (lower mid).
Modified duration: 3.60 yrs (lower mid).
Average maturity: 5.91 yrs (bottom quartile).
Exit load: 0-1 Months (0.25%),1 Months and above(NIL).
Top sector: Financial Services.
Top bond sector: Corporate.
Debt-heavy allocation (~94%).
High-quality debt (AAA/AA ~100%).
Largest holding 7.18% Govt Stock 2037 (~8.3%).

Below is the key information for HDFC Medium Term Debt Fund

HDFC Medium Term Debt Fund Growth
Launch Date	6 Feb 02
NAV (13 Aug 25)	₹56.5896 ↓ -0.02 (-0.03 %)
Net Assets (Cr)	₹3,871 on 30 Jun 25
Category	Debt - Medium term Bond
AMC	HDFC Asset Management Company Limited
Rating	☆☆☆
Risk	Moderate
Expense Ratio	1.29
Sharpe Ratio	1.42
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	7.34%
Effective Maturity	5 Years 10 Months 28 Days
Modified Duration	3 Years 7 Months 6 Days

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,719
31 Jul 22	₹10,998
31 Jul 23	₹11,732
31 Jul 24	₹12,590
31 Jul 25	₹13,688

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 13 Aug 25

Duration	Returns
1 Month	0%
3 Month	1.3%
6 Month	4.2%
1 Year	8%
3 Year	7.3%
5 Year	6.4%
10 Year
15 Year
Since launch	7.7%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	7.4%

Fund Manager information for HDFC Medium Term Debt Fund

Name	Since	Tenure
Shobhit Mehrotra	1 Sep 07	17.93 Yr.
Dhruv Muchhal	22 Jun 23	2.11 Yr.
Bhavyesh Divecha	1 Mar 25	0.42 Yr.

Data below for HDFC Medium Term Debt Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	3.62%
Equity	2.1%
Debt	93.97%
Other	0.31%

Debt Sector Allocation

Sector	Value
Corporate	61.86%
Government	32.11%
Cash Equivalent	3.62%

Credit Quality

Rating	Value
AA	44.56%
AAA	55.44%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.18% Govt Stock 2037 Sovereign Bonds \| -	8%	₹315 Cr	30,047,700
7.23% Govt Stock 2039 Sovereign Bonds \| -	5%	₹194 Cr	18,500,000
TATA Steel Limited Debentures \| -	4%	₹149 Cr	14,500
6.79% Govt Stock 2034 Sovereign Bonds \| -	3%	₹124 Cr	12,012,900
Jubilant Beverages Limited Debentures \| -	3%	₹110 Cr	10,720
Kalpataru Projects International Limited Debentures \| -	3%	₹101 Cr	10,000
Sbfc Finance Limited Debentures \| -	3%	₹100 Cr	10,000
SK Finance Limited Debentures \| -	3%	₹100 Cr	10,000
The Tata Power Company Limited Debentures \| -	2%	₹77 Cr	725
Power Finance Corporation Limited Debentures \| -	2%	₹77 Cr	7,500

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