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Intermediate Bonds also known as medium term funds are a type of debt Mutual Funds that invest in debt securities with a time horizon of up to 3 years or more. The average maturity period of mid-term funds is longer than liquid, ultra-short and short-term Debt fund. In recent times, medium funds have delivered the best returns due to successive rate cuts in India. These funds are less sensitive to interest rates, and therefore are less volatile, than the longer duration funds like Gilt Funds. For best results, investors are advised to invest in the best intermediate debt funds via a SIP. Investors can choose top performing scheme from the below pre-listed top rated mid-term debt funds.
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Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Axis Strategic Bond Fund Growth ₹25.166
↓ -0.01 ₹1,977 1,000 1.9 4.2 7.3 5.9 6.7 7.3 Aditya Birla Sun Life Medium Term Plan Growth ₹34.3107
↓ -0.02 ₹1,887 1,000 1.5 3.7 6.6 12.3 8.5 6.9 Nippon India Strategic Debt Fund Growth ₹13.9533
↓ -0.01 ₹120 100 1.7 3.7 6.4 9.2 -1.1 7 Kotak Medium Term Fund Growth ₹20.417
↓ -0.02 ₹1,730 1,000 1.8 4.5 7.2 5.4 6 6.1 Kotak Dynamic Bond Fund Growth ₹33.6636
↓ -0.05 ₹2,488 1,000 1.5 4.4 7.2 5 6.8 6.5 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Apr 24
(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. Axis Strategic Bond Fund is a Debt - Medium term Bond fund was launched on 28 Mar 12. It is a fund with Moderate risk and has given a Below is the key information for Axis Strategic Bond Fund Returns up to 1 year are on 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. Aditya Birla Sun Life Medium Term Plan is a Debt - Medium term Bond fund was launched on 25 Mar 09. It is a fund with Moderate risk and has given a Below is the key information for Aditya Birla Sun Life Medium Term Plan Returns up to 1 year are on (Erstwhile Reliance Classic 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. The scheme would focus its investments predominantly in corporate bonds of various maturities and across ratings for the purpose of achieving regular income and
capital appreciation. Nippon India Strategic Debt Fund is a Debt - Medium term Bond fund was launched on 26 Jun 14. It is a fund with Moderate risk and has given a Below is the key information for Nippon India Strategic Debt Fund Returns up to 1 year are on 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 Kotak Medium Term Fund is a Debt - Medium term Bond fund was launched on 25 Mar 14. It is a fund with Moderate risk and has given a Below is the key information for Kotak Medium Term Fund Returns up to 1 year are on (Erstwhile Kotak Flexi Debt Scheme) To maximize returns through active management of a portfolio of debt and money market securities. Kotak Dynamic Bond Fund is a Debt - Medium term Bond fund was launched on 26 May 08. It is a fund with Moderately Low risk and has given a Below is the key information for Kotak Dynamic Bond Fund Returns up to 1 year are on 1. Axis Strategic Bond Fund
CAGR/Annualized
return of 8% since its launch. Ranked 7 in Medium term Bond
category. Return for 2023 was 7.3% , 2022 was 3.8% and 2021 was 5.2% . Axis Strategic Bond Fund
Growth Launch Date 28 Mar 12 NAV (16 Apr 24) ₹25.166 ↓ -0.01 (-0.05 %) Net Assets (Cr) ₹1,977 on 29 Feb 24 Category Debt - Medium term Bond AMC Axis Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.08 Sharpe Ratio 0.95 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 8.19% Effective Maturity 5 Years 4 Months 20 Days Modified Duration 3 Years 9 Months 18 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,756 31 Mar 21 ₹11,618 31 Mar 22 ₹12,273 31 Mar 23 ₹12,828 31 Mar 24 ₹13,844 Returns for Axis Strategic Bond Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 16 Apr 24 Duration Returns 1 Month 0.4% 3 Month 1.9% 6 Month 4.2% 1 Year 7.3% 3 Year 5.9% 5 Year 6.7% 10 Year 15 Year Since launch 8% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 15% Fund Manager information for Axis Strategic Bond Fund
Name Since Tenure Devang Shah 5 Nov 12 11.41 Yr. Sachin Jain 1 Feb 23 1.16 Yr. Akhil Thakker 1 Feb 23 1.16 Yr. Data below for Axis Strategic Bond Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 5.35% Debt 94.4% Other 0.25% Debt Sector Allocation
Sector Value Corporate 59.13% Government 35.19% Cash Equivalent 4.09% Securitized 1.33% Credit Quality
Rating Value A 4.66% AA 33.67% AAA 61.66% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -15% ₹291 Cr 29,000,000 7.26% Govt Stock 2033
Sovereign Bonds | -11% ₹211 Cr 20,879,400 Small Industries Development Bank Of India
Debentures | -4% ₹76 Cr 7,500 Nirma Limited
Debentures | -3% ₹60 Cr 6,000 Aadhar Housing Finance Ltd. 8.65%
Debentures | -3% ₹55 Cr 5,500 DLF Cyber City Developers Limited 8.4%
Debentures | -3% ₹55 Cr 5,500 7.18% Govt Stock 2033
Sovereign Bonds | -3% ₹53 Cr 5,300,000
↓ -500,000 Tata Projects Limited
Debentures | -3% ₹51 Cr 5,100 Mahanagar Telephone Nigam Limited
Debentures | -3% ₹51 Cr 5,000 REC Ltd. 7.64%
Debentures | -3% ₹50 Cr 5,000
↑ 5,000 2. Aditya Birla Sun Life Medium Term Plan
CAGR/Annualized
return of 8.5% since its launch. Ranked 6 in Medium term Bond
category. Return for 2023 was 6.9% , 2022 was 24.8% and 2021 was 7.1% . Aditya Birla Sun Life Medium Term Plan
Growth Launch Date 25 Mar 09 NAV (16 Apr 24) ₹34.3107 ↓ -0.02 (-0.07 %) Net Assets (Cr) ₹1,887 on 29 Feb 24 Category Debt - Medium term Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.52 Sharpe Ratio 0.44 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 8.2% Effective Maturity 6 Years 4 Months 6 Days Modified Duration 3 Years 9 Months 14 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹9,642 31 Mar 21 ₹10,594 31 Mar 22 ₹11,595 31 Mar 23 ₹14,046 31 Mar 24 ₹15,075 Returns for Aditya Birla Sun Life Medium Term Plan
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 16 Apr 24 Duration Returns 1 Month 0.2% 3 Month 1.5% 6 Month 3.7% 1 Year 6.6% 3 Year 12.3% 5 Year 8.5% 10 Year 15 Year Since launch 8.5% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 12% Fund Manager information for Aditya Birla Sun Life Medium Term Plan
Name Since Tenure Sunaina Cunha 1 Sep 14 9.59 Yr. Mohit Sharma 6 Aug 20 3.65 Yr. Dhaval Joshi 21 Nov 22 1.36 Yr. Data below for Aditya Birla Sun Life Medium Term Plan as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 8.71% Equity 2.12% Debt 88.54% Other 0.63% Debt Sector Allocation
Sector Value Government 49.81% Corporate 38.73% Cash Equivalent 8.71% Credit Quality
Rating Value A 3.96% AA 30.68% AAA 64.98% BB 0.38% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.26% Govt Stock 2033
Sovereign Bonds | -24% ₹450 Cr 44,500,000 7.18% Govt Stock 2033
Sovereign Bonds | -14% ₹267 Cr 26,500,000
↓ -2,500,000 7.18% Govt Stock 2037
Sovereign Bonds | -5% ₹101 Cr 10,000,000
↑ 1,500,000 Belstar Investment And Finance Private Limited
Debentures | -3% ₹50 Cr 5,000 Creditaccess Grameen Limited
Debentures | -3% ₹50 Cr 500,000 JSW Steel Limited
Debentures | -3% ₹50 Cr 500 Hinduja Housing Finance Limited 8.85%
Debentures | -2% ₹46 Cr 4,600 JM Financial Credit Solutions Limited
Debentures | -2% ₹44 Cr 440 Nexus Select Trust
Debentures | -2% ₹40 Cr 4,000 JM Financial Products Limited
Debentures | -2% ₹40 Cr 4,000 3. Nippon India Strategic Debt Fund
CAGR/Annualized
return of 3.5% since its launch. Ranked 7 in Medium term Bond
category. Return for 2023 was 7% , 2022 was 2% and 2021 was 17.4% . Nippon India Strategic Debt Fund
Growth Launch Date 26 Jun 14 NAV (16 Apr 24) ₹13.9533 ↓ -0.01 (-0.04 %) Net Assets (Cr) ₹120 on 29 Feb 24 Category Debt - Medium term Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.93 Sharpe Ratio 0.57 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-12 Months (1%),12 Months and above(NIL) Yield to Maturity 8.16% Effective Maturity 4 Years 9 Months Modified Duration 3 Years 5 Months 19 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,164 31 Mar 21 ₹7,270 31 Mar 22 ₹8,567 31 Mar 23 ₹8,875 31 Mar 24 ₹9,488 Nippon India Strategic Debt Fund SIP Returns
Returns for Nippon India Strategic Debt Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 16 Apr 24 Duration Returns 1 Month 0.4% 3 Month 1.7% 6 Month 3.7% 1 Year 6.4% 3 Year 9.2% 5 Year -1.1% 10 Year 15 Year Since launch 3.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 7% 2022 2% 2021 17.4% 2020 -23.5% 2019 -3.4% 2018 4.7% 2017 6.9% 2016 11.1% 2015 9% 2014 Fund Manager information for Nippon India Strategic Debt Fund
Name Since Tenure Kinjal Desai 25 May 18 5.86 Yr. Sushil Budhia 1 Feb 20 4.16 Yr. Akshay Sharma 1 Dec 22 1.33 Yr. Data below for Nippon India Strategic Debt Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 7.88% Debt 91.77% Other 0.35% Debt Sector Allocation
Sector Value Corporate 53.28% Government 38.48% Cash Equivalent 7.88% Credit Quality
Rating Value AA 43.07% AAA 56.93% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -17% ₹20 Cr 2,000,000
↑ 500,000 Summit Digitel Infrastructure Limited
Debentures | -6% ₹8 Cr 80 7.32% Govt Stock 2030
Sovereign Bonds | -4% ₹5 Cr 500,000 Pipeline Infrastructure Ltd. 7.96%
Debentures | -4% ₹5 Cr 500
↑ 500 7.17% Govt Stock 2030
Sovereign Bonds | -4% ₹5 Cr 500,000 7.1% Govt Stock 2029
Sovereign Bonds | -4% ₹5 Cr 500,000 Godrej Properties Limited
Debentures | -4% ₹5 Cr 500 Manappuram Finance Limited
Debentures | -4% ₹5 Cr 500 Godrej Industries Limited
Debentures | -4% ₹5 Cr 500 Century Textiles And Industried Limited
Debentures | -4% ₹5 Cr 500 4. Kotak Medium Term Fund
CAGR/Annualized
return of 7.3% since its launch. Ranked 10 in Medium term Bond
category. Return for 2023 was 6.1% , 2022 was 3.2% and 2021 was 4.7% . Kotak Medium Term Fund
Growth Launch Date 25 Mar 14 NAV (16 Apr 24) ₹20.417 ↓ -0.02 (-0.09 %) Net Assets (Cr) ₹1,730 on 29 Feb 24 Category Debt - Medium term Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 1.29 Sharpe Ratio 0.9 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 8.25% Effective Maturity 4 Years 10 Months 20 Days Modified Duration 3 Years 22 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,664 31 Mar 21 ₹11,349 31 Mar 22 ₹12,034 31 Mar 23 ₹12,398 31 Mar 24 ₹13,397 Returns for Kotak Medium Term Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 16 Apr 24 Duration Returns 1 Month -0.1% 3 Month 1.8% 6 Month 4.5% 1 Year 7.2% 3 Year 5.4% 5 Year 6% 10 Year 15 Year Since launch 7.3% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 Fund Manager information for Kotak Medium Term Fund
Name Since Tenure Deepak Agrawal 25 Mar 14 10.03 Yr. sunit garg 1 Nov 22 1.41 Yr. Palha Khanna 3 Jul 23 0.75 Yr. Data below for Kotak Medium Term Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 6.27% Equity 6.12% Debt 86.1% Other 1.52% Debt Sector Allocation
Sector Value Corporate 69.28% Government 16.82% Cash Equivalent 6.27% Credit Quality
Rating Value A 4.93% AA 38.14% AAA 56.94% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -11% ₹194 Cr 19,278,000
↑ 9,000,000 HDFC Bank Limited
Debentures | -6% ₹102 Cr 1,000 L&T Metro Rail (Hyderabad) Limited
Debentures | -6% ₹97 Cr 1,000 TATA Steel Limited
Debentures | -4% ₹75 Cr 750 Embassy Office Parks REIT (Real Estate)
-, Since 31 May 21 | 5426024% ₹74 Cr 1,865,596
↓ -25,648 India Grid Trust 0.0788%
Debentures | -4% ₹65 Cr 6,500 Pipeline Infrastructure Ltd. 0.0796%
Debentures | -4% ₹63 Cr 6,280
↑ 6,280 Prestige Projects Private Limited 0.1175%
Debentures | -3% ₹60 Cr 6,000
↑ 6,000 Indostar Capital Finance Limited
Debentures | -3% ₹60 Cr 6,000 8.12% Govt Stock 2031
Sovereign Bonds | -3% ₹50 Cr 5,000,000 5. Kotak Dynamic Bond Fund
CAGR/Annualized
return of 7.9% since its launch. Ranked 23 in Medium term Bond
category. Return for 2023 was 6.5% , 2022 was 2.5% and 2021 was 3.2% . Kotak Dynamic Bond Fund
Growth Launch Date 26 May 08 NAV (16 Apr 24) ₹33.6636 ↓ -0.05 (-0.15 %) Net Assets (Cr) ₹2,488 on 29 Feb 24 Category Debt - Medium term Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.92 Sharpe Ratio 1.2 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.42% Effective Maturity 14 Years 7 Months 2 Days Modified Duration 7 Years 4 Months 6 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹11,077 31 Mar 21 ₹11,951 31 Mar 22 ₹12,509 31 Mar 23 ₹12,876 31 Mar 24 ₹14,009 Returns for Kotak Dynamic Bond Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 16 Apr 24 Duration Returns 1 Month -0.7% 3 Month 1.5% 6 Month 4.4% 1 Year 7.2% 3 Year 5% 5 Year 6.8% 10 Year 15 Year Since launch 7.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.5% 2022 2.5% 2021 3.2% 2020 11.7% 2019 11.1% 2018 7.3% 2017 5.6% 2016 13.4% 2015 7.5% 2014 10.5% Fund Manager information for Kotak Dynamic Bond Fund
Name Since Tenure Deepak Agrawal 25 Nov 12 11.36 Yr. Abhishek Bisen 1 Nov 22 1.42 Yr. Palha Khanna 3 Jul 23 0.75 Yr. Data below for Kotak Dynamic Bond Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 2.3% Equity 5.17% Debt 91.35% Other 1.18% Debt Sector Allocation
Sector Value Government 71.63% Corporate 19.72% Cash Equivalent 2.3% Credit Quality
Rating Value AA 10.75% AAA 89.25% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -48% ₹1,229 Cr 122,241,310
↓ -1,666,670 7.3% Govt Stock 2053
Sovereign Bonds | -10% ₹250 Cr 24,500,000
↑ 4,500,000 7.25% Govt Stock 2063
Sovereign Bonds | -9% ₹218 Cr 21,500,000 Muthoot Finance Limited
Debentures | -4% ₹105 Cr 10,500 Embassy Office Parks REIT (Real Estate)
-, Since 31 May 21 | 5426024% ₹96 Cr 2,427,900
↓ -31,500 HDFC Bank Limited
Debentures | -3% ₹85 Cr 850 HDFC Bank Limited
Debentures | -3% ₹75 Cr 7,500 TATA Steel Limited
Debentures | -3% ₹75 Cr 750 HDFC Bank Limited
Debentures | -2% ₹56 Cr 550 8.25% Govt Stock 2033
Sovereign Bonds | -2% ₹42 Cr 4,111,988
↑ 2,500,000
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