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5 Best Performing Intermediate Debt Funds SIP Investment 2023

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Best Intermediate Debt Funds for SIP Investment 2023

Updated on September 28, 2023 , 1162 views

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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SIP

Top 5 Best Performing Intermediate or Mid Term Debt Funds to Invest in SIP

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
Aditya Birla Sun Life Medium Term Plan Growth ₹32.9241
↑ 0.00
₹1,891 1,000 1.13.86.913.5824.8
Nippon India Strategic Debt Fund Growth ₹13.3948
↑ 0.01
₹126 100 0.94.56.68.5-1.12
Axis Strategic Bond Fund Growth ₹23.9994
↑ 0.00
₹1,959 1,000 0.946.55.96.83.8
SBI Magnum Medium Duration Fund Growth ₹44.2845
↓ 0.00
₹7,107 500 1.14.16.95.67.63.4
HDFC Medium Term Debt Fund Growth ₹48.7631
↑ 0.00
₹4,324 300 13.86.25.66.82.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 23

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.

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 CAGR/Annualized return of 8.6% since its launch.  Ranked 6 in Medium term Bond category.  Return for 2022 was 24.8% , 2021 was 7.1% and 2020 was 8.1% .

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 (22 Aug 23) ₹32.9241 ↑ 0.00   (0.00 %)
Net Assets (Cr) ₹1,891 on 31 Jul 23
Category Debt - Medium term Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderate
Expense Ratio 1.52
Sharpe Ratio 0.66
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 7.95%
Effective Maturity 4 Years 7 Months 28 Days
Modified Duration 2 Years 10 Months 6 Days

Growth of 10,000 investment over the years.

DateValue
30 Sep 18₹10,000
30 Sep 19₹10,612
30 Sep 20₹10,367
30 Sep 21₹11,246
30 Sep 22₹13,887
30 Sep 23₹14,883

Aditya Birla Sun Life Medium Term Plan SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125
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 22 Aug 23

DurationReturns
1 Month 0.2%
3 Month 1.1%
6 Month 3.8%
1 Year 6.9%
3 Year 13.5%
5 Year 8%
10 Year
15 Year
Since launch 8.6%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 10.2%
Fund Manager information for Aditya Birla Sun Life Medium Term Plan
NameSinceTenure
Sunaina Cunha1 Sep 149 Yr.
Mohit Sharma6 Aug 203.07 Yr.
Dhaval Joshi21 Nov 220.78 Yr.

Data below for Aditya Birla Sun Life Medium Term Plan as on 31 Jul 23

Asset Allocation
Asset ClassValue
Cash3.42%
Equity2.15%
Debt94.43%
Debt Sector Allocation
SectorValue
Government48.84%
Corporate45.6%
Cash Equivalent3.42%
Credit Quality
RatingValue
A4.88%
AA33.64%
AAA61.49%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.26% Govt Stock 2033
Sovereign Bonds | -
22%₹413 Cr41,000,000
↓ -2,000,000
7.38% Govt Stock 2027
Sovereign Bonds | -
9%₹177 Cr17,600,000
07.18 Goi 2033
Sovereign Bonds | -
9%₹166 Cr16,500,000
↑ 2,000,000
Shriram Finance Limited
Debentures | -
3%₹65 Cr650
LIC Housing Finance Limited
Debentures | -
3%₹55 Cr550
JSW Steel Limited
Debentures | -
3%₹50 Cr500
JM Financial Credit Solutions Limited
Debentures | -
2%₹44 Cr440
IRB InvIT Fund Units 2017-Series IV (Industrials)
Equity, Since 31 May 18 | IRBINVIT
2%₹41 Cr5,820,000
Nexus Select Trust
Debentures | -
2%₹40 Cr4,000
07.18 Goi 2037
Sovereign Bonds | -
2%₹40 Cr4,000,000

2. Nippon India Strategic Debt Fund

(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 CAGR/Annualized return of 3.2% since its launch.  Ranked 7 in Medium term Bond category.  Return for 2022 was 2% , 2021 was 17.4% and 2020 was -23.5% .

Below is the key information for Nippon India Strategic Debt Fund

Nippon India Strategic Debt Fund
Growth
Launch Date 26 Jun 14
NAV (22 Aug 23) ₹13.3948 ↑ 0.01   (0.04 %)
Net Assets (Cr) ₹126 on 31 Jul 23
Category Debt - Medium term Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderate
Expense Ratio 1.93
Sharpe Ratio 0.15
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 7.98%
Effective Maturity 3 Years 11 Months 16 Days
Modified Duration 3 Years 2 Months 1 Day

Growth of 10,000 investment over the years.

DateValue
30 Sep 18₹10,000
30 Sep 19₹9,899
30 Sep 20₹7,314
30 Sep 21₹8,811
30 Sep 22₹8,894
30 Sep 23₹9,523

Nippon India Strategic Debt Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%

Returns for Nippon India Strategic 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 22 Aug 23

DurationReturns
1 Month 0.2%
3 Month 0.9%
6 Month 4.5%
1 Year 6.6%
3 Year 8.5%
5 Year -1.1%
10 Year
15 Year
Since launch 3.2%
Historical performance (Yearly) on absolute basis
YearReturns
2022 2%
2021 17.4%
2020 -23.5%
2019 -3.4%
2018 4.7%
2017 6.9%
2016 11.1%
2015 9%
2014
2013
Fund Manager information for Nippon India Strategic Debt Fund
NameSinceTenure
Kinjal Desai25 May 185.27 Yr.
Sushil Budhia1 Feb 203.58 Yr.
Akshay Sharma1 Dec 220.75 Yr.

Data below for Nippon India Strategic Debt Fund as on 31 Jul 23

Asset Allocation
Asset ClassValue
Cash14.87%
Debt85.13%
Debt Sector Allocation
SectorValue
Government44.59%
Corporate40.55%
Cash Equivalent14.87%
Credit Quality
RatingValue
AA20.75%
AAA79.25%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.17% Govt Stock 2030
Sovereign Bonds | -
12%₹15 Cr1,500,000
7.1% Govt Stock 2029
Sovereign Bonds | -
8%₹10 Cr1,000,000
India Grid TRust
Debentures | -
8%₹10 Cr100
Summit Digitel Infrastructure Limited
Debentures | -
6%₹8 Cr80
Piramal Capital & Housing Finance Limited
Debentures | -
5%₹6 Cr75,000
07.59 RJ Sdl 2029
Sovereign Bonds | -
4%₹5 Cr500,000
7.26% Govt Stock 2033
Sovereign Bonds | -
4%₹5 Cr500,000
Muthoot Finance Limited
Debentures | -
4%₹5 Cr500
Aadhar Housing Finance Limited
Debentures | -
4%₹5 Cr500
HDFC Bank Limited
Debentures | -
4%₹5 Cr500

3. 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.

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 CAGR/Annualized return of 8% since its launch.  Ranked 7 in Medium term Bond category.  Return for 2022 was 3.8% , 2021 was 5.2% and 2020 was 10.5% .

Below is the key information for Axis Strategic Bond Fund

Axis Strategic Bond Fund
Growth
Launch Date 28 Mar 12
NAV (22 Aug 23) ₹23.9994 ↑ 0.00   (0.01 %)
Net Assets (Cr) ₹1,959 on 31 Jul 23
Category Debt - Medium term Bond
AMC Axis Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 1.08
Sharpe Ratio 0.31
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%
Effective Maturity 4 Years 29 Days
Modified Duration 3 Years 7 Days

Growth of 10,000 investment over the years.

DateValue
30 Sep 18₹10,000
30 Sep 19₹10,743
30 Sep 20₹11,809
30 Sep 21₹12,685
30 Sep 22₹13,069
30 Sep 23₹13,989

Axis Strategic Bond Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual 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 22 Aug 23

DurationReturns
1 Month 0.1%
3 Month 0.9%
6 Month 4%
1 Year 6.5%
3 Year 5.9%
5 Year 6.8%
10 Year
15 Year
Since launch 8%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 4.7%
Fund Manager information for Axis Strategic Bond Fund
NameSinceTenure
Devang Shah5 Nov 1210.83 Yr.
Sachin Jain1 Feb 230.58 Yr.
Akhil Thakker1 Feb 230.58 Yr.

Data below for Axis Strategic Bond Fund as on 31 Jul 23

Asset Allocation
Asset ClassValue
Cash6.71%
Debt93.29%
Debt Sector Allocation
SectorValue
Corporate49.5%
Government43.77%
Cash Equivalent5.44%
Securitized1.29%
Credit Quality
RatingValue
A4.39%
AA24.63%
AAA70.98%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.26% Govt Stock 2033
Sovereign Bonds | -
17%₹343 Cr34,079,400
↑ 8,000,000
07.18 Goi 2033
Sovereign Bonds | -
6%₹120 Cr12,000,000
↑ 4,500,000
7.06% Govt Stock 2028
Sovereign Bonds | -
4%₹80 Cr8,000,000
↑ 3,500,000
Magma Housing Finance Limited
Debentures | -
3%₹58 Cr5,750
8.51% Govt Stock 2033
Sovereign Bonds | -
3%₹56 Cr5,500,000
↑ 2,500,000
Rural Electrification Corporation Limited
Debentures | -
3%₹50 Cr5,000
↓ -2,500
National Bank For Agriculture And Rural Development
Debentures | -
2%₹45 Cr450
↓ -250
Century Textiles And Industried Limited
Debentures | -
2%₹45 Cr4,500
JM Financial Credit Solutions Limited
Debentures | -
2%₹43 Cr428
Motherson Sumi Systems Limited
Debentures | -
2%₹40 Cr4,000

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.

SBI Magnum Medium Duration Fund is a Debt - Medium term Bond fund was launched on 12 Nov 03. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.8% since its launch.  Ranked 18 in Medium term Bond category.  Return for 2022 was 3.4% , 2021 was 3.8% and 2020 was 12.3% .

Below is the key information for SBI Magnum Medium Duration Fund

SBI Magnum Medium Duration Fund
Growth
Launch Date 12 Nov 03
NAV (22 Aug 23) ₹44.2845 ↓ 0.00   (0.00 %)
Net Assets (Cr) ₹7,107 on 31 Jul 23
Category Debt - Medium term Bond
AMC SBI Funds Management Private Limited
Rating
Risk Moderate
Expense Ratio 1.22
Sharpe Ratio 0.51
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 7.85%
Effective Maturity 4 Years 3 Months
Modified Duration 2 Years 10 Months 6 Days

Growth of 10,000 investment over the years.

DateValue
30 Sep 18₹10,000
30 Sep 19₹11,121
30 Sep 20₹12,425
30 Sep 21₹13,240
30 Sep 22₹13,530
30 Sep 23₹14,545

SBI Magnum Medium Duration Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125
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 22 Aug 23

DurationReturns
1 Month 0.3%
3 Month 1.1%
6 Month 4.1%
1 Year 6.9%
3 Year 5.6%
5 Year 7.6%
10 Year
15 Year
Since launch 7.8%
Historical performance (Yearly) on absolute basis
YearReturns
2022 3.4%
2021 3.8%
2020 12.3%
2019 11.1%
2018 6.2%
2017 7.6%
2016 14%
2015 6.6%
2014 16.5%
2013 4%
Fund Manager information for SBI Magnum Medium Duration Fund
NameSinceTenure
Dinesh Ahuja1 Jul 1112.18 Yr.
Mohit Jain30 Nov 175.75 Yr.

Data below for SBI Magnum Medium Duration Fund as on 31 Jul 23

Asset Allocation
Asset ClassValue
Cash10.75%
Debt89.25%
Debt Sector Allocation
SectorValue
Corporate51.28%
Government37.97%
Cash Equivalent10.75%
Credit Quality
RatingValue
A3.06%
AA37.81%
AAA59.13%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.38% Govt Stock 2027
Sovereign Bonds | -
7%₹509 Cr50,500,000
↓ -12,000,000
Larsen And Toubro Limited
Debentures | -
5%₹350 Cr35,000
7.06% Govt Stock 2028
Sovereign Bonds | -
5%₹329 Cr33,000,000
↑ 8,000,000
Tata Housing Development Company Limited
Debentures | -
4%₹300 Cr30,000
Avanse Financial Services Limited
Debentures | -
4%₹250 Cr25,000
Jamnagar Utilities And Power Private Limited
Debentures | -
4%₹250 Cr25,000
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
3%₹244 Cr2,500
JM Financial Asset Reconstruction Company Limited
Debentures | -
3%₹236 Cr23,500
Jindal Stainless Limited
Debentures | -
3%₹235 Cr2,400
7.41% Govt Stock 2036
Sovereign Bonds | -
3%₹228 Cr22,500,000

5. 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.

HDFC Medium Term Debt Fund is a Debt - Medium term Bond fund was launched on 6 Feb 02. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.6% since its launch.  Ranked 22 in Medium term Bond category.  Return for 2022 was 2.9% , 2021 was 5% and 2020 was 10% .

Below is the key information for HDFC Medium Term Debt Fund

HDFC Medium Term Debt Fund
Growth
Launch Date 6 Feb 02
NAV (22 Aug 23) ₹48.7631 ↑ 0.00   (0.00 %)
Net Assets (Cr) ₹4,324 on 31 Jul 23
Category Debt - Medium term Bond
AMC HDFC Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 1.3
Sharpe Ratio 0.13
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 7.93%
Effective Maturity 4 Years 3 Months 12 Days
Modified Duration 3 Years 20 Days

Growth of 10,000 investment over the years.

DateValue
30 Sep 18₹10,000
30 Sep 19₹10,934
30 Sep 20₹11,913
30 Sep 21₹12,835
30 Sep 22₹13,070
30 Sep 23₹13,977

HDFC Medium Term Debt Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual 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 22 Aug 23

DurationReturns
1 Month 0.2%
3 Month 1%
6 Month 3.8%
1 Year 6.2%
3 Year 5.6%
5 Year 6.8%
10 Year
15 Year
Since launch 7.6%
Historical performance (Yearly) on absolute basis
YearReturns
2022 2.9%
2021 5%
2020 10%
2019 9.1%
2018 5.6%
2017 5.5%
2016 11.5%
2015 7.4%
2014 11.2%
2013 7%
Fund Manager information for HDFC Medium Term Debt Fund
NameSinceTenure
Shobhit Mehrotra1 Sep 0716.01 Yr.
Dhruv Muchhal22 Jun 230.19 Yr.

Data below for HDFC Medium Term Debt Fund as on 31 Jul 23

Asset Allocation
Asset ClassValue
Cash7.27%
Debt92.73%
Debt Sector Allocation
SectorValue
Corporate62.36%
Government30.95%
Cash Equivalent6.69%
Credit Quality
RatingValue
AA29.89%
AAA70.11%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.1% Govt Stock 2029
Sovereign Bonds | -
5%₹229 Cr23,000,000
7.26% Govt Stock 2032
Sovereign Bonds | -
4%₹156 Cr15,500,000
7.26% Govt Stock 2033
Sovereign Bonds | -
3%₹151 Cr15,000,000
Tata Steel Limited
Debentures | -
3%₹146 Cr14,500
Jamnagar Utilities & Power Private Limited
Debentures | -
3%₹120 Cr1,250
6.54% Govt Stock 2032
Sovereign Bonds | -
3%₹110 Cr11,500,000
L&T Metro Rail (Hyderabad) Limited
Debentures | -
2%₹98 Cr1,000
07.18 Goi 2037
Sovereign Bonds | -
2%₹95 Cr9,547,700
6.1% Govt Stock 2031
Sovereign Bonds | -
2%₹94 Cr10,000,000
Sikka Ports & Terminals Limited
Debentures | -
2%₹93 Cr950

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