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5 Best Performing Intermediate Debt Funds SIP Investment 2024

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Best Intermediate Debt Funds for SIP Investment 2024

Updated on May 14, 2024 , 1330 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 (%)2023 (%)
Axis Strategic Bond Fund Growth ₹25.3782
↑ 0.02
₹1,985 1,000 1.94.26.95.96.87.3
Aditya Birla Sun Life Medium Term Plan Growth ₹34.5918
↑ 0.01
₹1,863 1,000 1.63.76.412.48.76.9
Nippon India Strategic Debt Fund Growth ₹14.0643
↑ 0.01
₹120 100 1.83.869.2-0.37
Kotak Medium Term Fund Growth ₹20.5727
↑ 0.02
₹1,729 1,000 1.54.375.56.16.1
Kotak Dynamic Bond Fund Growth ₹34.06
↑ 0.04
₹2,544 1,000 1.24.46.95.276.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 May 24

1. 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 2023 was 7.3% , 2022 was 3.8% and 2021 was 5.2% .

Below is the key information for Axis Strategic Bond Fund

Axis Strategic Bond Fund
Growth
Launch Date 28 Mar 12
NAV (16 May 24) ₹25.3782 ↑ 0.02   (0.07 %)
Net Assets (Cr) ₹1,985 on 31 Mar 24
Category Debt - Medium term Bond
AMC Axis Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 1.08
Sharpe Ratio 0.81
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 8.31%
Effective Maturity 5 Years 1 Month 28 Days
Modified Duration 3 Years 8 Months 5 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹10,658
30 Apr 21₹11,698
30 Apr 22₹12,213
30 Apr 23₹12,952
30 Apr 24₹13,847

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 16 May 24

DurationReturns
1 Month 0.8%
3 Month 1.9%
6 Month 4.2%
1 Year 6.9%
3 Year 5.9%
5 Year 6.8%
10 Year
15 Year
Since launch 8%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Devang Shah5 Nov 1211.41 Yr.
Sachin Jain1 Feb 231.16 Yr.
Akhil Thakker1 Feb 231.16 Yr.

Data below for Axis Strategic Bond Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash9.55%
Debt90.2%
Other0.25%
Debt Sector Allocation
SectorValue
Corporate54.54%
Government35.81%
Cash Equivalent8.05%
Securitized1.35%
Credit Quality
RatingValue
A4.7%
AA36.13%
AAA59.17%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.26% Govt Stock 2033
Sovereign Bonds | -
11%₹210 Cr20,879,400
7.18% Govt Stock 2037
Sovereign Bonds | -
11%₹210 Cr21,000,000
7.32% Govt Stock 2030
Sovereign Bonds | -
4%₹76 Cr7,500,000
↑ 7,500,000
Nirma Limited
Debentures | -
3%₹60 Cr6,000
Aadhar Housing Finance Ltd. 8.65%
Debentures | -
3%₹55 Cr5,500
DLF Cyber City Developers Limited 8.4%
Debentures | -
3%₹55 Cr5,500
Tata Projects Limited
Debentures | -
3%₹51 Cr5,100
Mahanagar Telephone Nigam Limited
Debentures | -
3%₹51 Cr5,000
Rajasthan (Government of ) 7.52%
- | -
3%₹50 Cr5,000,000
Small Industries Development Bank Of India
Debentures | -
3%₹50 Cr5,000

2. 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 8.5% 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% .

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 (16 May 24) ₹34.5918 ↑ 0.01   (0.04 %)
Net Assets (Cr) ₹1,863 on 31 Mar 24
Category Debt - Medium term Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderate
Expense Ratio 1.52
Sharpe Ratio 0.3
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 8.07%
Effective Maturity 6 Years 2 Months 26 Days
Modified Duration 3 Years 9 Months 14 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹9,086
30 Apr 21₹10,682
30 Apr 22₹11,582
30 Apr 23₹14,187
30 Apr 24₹15,093

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 ₹206,148.
Net Profit of ₹26,148
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 16 May 24

DurationReturns
1 Month 0.8%
3 Month 1.6%
6 Month 3.7%
1 Year 6.4%
3 Year 12.4%
5 Year 8.7%
10 Year
15 Year
Since launch 8.5%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Sunaina Cunha1 Sep 149.59 Yr.
Mohit Sharma6 Aug 203.65 Yr.
Dhaval Joshi21 Nov 221.36 Yr.

Data below for Aditya Birla Sun Life Medium Term Plan as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash5.83%
Equity2.12%
Debt91.41%
Other0.64%
Debt Sector Allocation
SectorValue
Government48.96%
Corporate42.45%
Cash Equivalent5.83%
Credit Quality
RatingValue
A3.98%
AA32.4%
AAA63.62%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.26% Govt Stock 2033
Sovereign Bonds | -
24%₹447 Cr44,500,000
7.18% Govt Stock 2033
Sovereign Bonds | -
8%₹140 Cr14,000,000
↓ -11,000,000
India (Republic of)
Sovereign Bonds | -
6%₹110 Cr11,000,000
↑ 11,000,000
7.18% Govt Stock 2037
Sovereign Bonds | -
5%₹100 Cr10,000,000
JSW Steel Limited
Debentures | -
3%₹50 Cr500
Belstar Investment And Finance Private Limited
Debentures | -
3%₹50 Cr5,000
Creditaccess Grameen Limited
Debentures | -
3%₹50 Cr500,000
Hinduja Housing Finance Limited 8.85%
Debentures | -
2%₹46 Cr4,600
JM Financial Credit Solutions Limited
Debentures | -
2%₹44 Cr440
Nexus Select Trust
Debentures | -
2%₹40 Cr4,000

3. 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 3.5% since its launch.  Ranked 7 in Medium term Bond category.  Return for 2023 was 7% , 2022 was 2% and 2021 was 17.4% .

Below is the key information for Nippon India Strategic Debt Fund

Nippon India Strategic Debt Fund
Growth
Launch Date 26 Jun 14
NAV (16 May 24) ₹14.0643 ↑ 0.01   (0.04 %)
Net Assets (Cr) ₹120 on 31 Mar 24
Category Debt - Medium term Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderate
Expense Ratio 1.93
Sharpe Ratio -0.1
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.

DateValue
30 Apr 19₹10,000
30 Apr 20₹7,273
30 Apr 21₹7,534
30 Apr 22₹8,797
30 Apr 23₹9,232
30 Apr 24₹9,792

Nippon India Strategic 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 .
Net Profit of
Invest Now

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 16 May 24

DurationReturns
1 Month 0.8%
3 Month 1.8%
6 Month 3.8%
1 Year 6%
3 Year 9.2%
5 Year -0.3%
10 Year
15 Year
Since launch 3.5%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Kinjal Desai25 May 185.86 Yr.
Sushil Budhia1 Feb 204.17 Yr.
Akshay Sharma1 Dec 221.33 Yr.

Data below for Nippon India Strategic Debt Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash11.89%
Debt87.76%
Other0.35%
Debt Sector Allocation
SectorValue
Corporate49.32%
Government34.77%
Cash Equivalent11.42%
Securitized4.14%
Credit Quality
RatingValue
AA42.44%
AAA57.56%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2037
Sovereign Bonds | -
17%₹20 Cr2,000,000
Summit Digitel Infrastructure Limited
Debentures | -
6%₹8 Cr80
Pipeline Infrastructure Ltd. 7.96%
Debentures | -
4%₹5 Cr500
Godrej Properties Limited
Debentures | -
4%₹5 Cr500
Shriram Housing Finance Limited 9.25%
Debentures | -
4%₹5 Cr500
↑ 500
Manappuram Finance Limited
Debentures | -
4%₹5 Cr500
7.17% Govt Stock 2030
Sovereign Bonds | -
4%₹5 Cr500,000
JSW Steel Limited
Debentures | -
4%₹5 Cr50
DLF Cyber City Developers Limited 8.4%
Debentures | -
4%₹5 Cr500
Century Textiles And Industried Limited
Debentures | -
4%₹5 Cr500

4. 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

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 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% .

Below is the key information for Kotak Medium Term Fund

Kotak Medium Term Fund
Growth
Launch Date 25 Mar 14
NAV (16 May 24) ₹20.5727 ↑ 0.02   (0.10 %)
Net Assets (Cr) ₹1,729 on 31 Mar 24
Category Debt - Medium term Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderate
Expense Ratio 1.29
Sharpe Ratio 0.75
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 8.52%
Effective Maturity 5 Years 1 Month 24 Days
Modified Duration 3 Years 2 Months 26 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹10,289
30 Apr 21₹11,436
30 Apr 22₹12,003
30 Apr 23₹12,541
30 Apr 24₹13,399

Kotak Medium Term 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 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 16 May 24

DurationReturns
1 Month 0.8%
3 Month 1.5%
6 Month 4.3%
1 Year 7%
3 Year 5.5%
5 Year 6.1%
10 Year
15 Year
Since launch 7.3%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Deepak Agrawal25 Mar 1410.03 Yr.
sunit garg1 Nov 221.42 Yr.
Palha Khanna3 Jul 230.75 Yr.

Data below for Kotak Medium Term Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash8.16%
Equity5.69%
Debt84.56%
Other1.59%
Debt Sector Allocation
SectorValue
Corporate68.11%
Government16.45%
Cash Equivalent8.16%
Credit Quality
RatingValue
A8.62%
AA37.01%
AAA54.37%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2037
Sovereign Bonds | -
10%₹169 Cr16,939,000
↓ -2,339,000
HDFC Bank Limited
Debentures | -
6%₹101 Cr1,000
L&T Metro Rail (Hyderabad) Limited
Debentures | -
6%₹98 Cr1,000
TATA Steel Limited
Debentures | -
4%₹75 Cr750
Embassy Office Parks REIT (Real Estate)
-, Since 31 May 21 | 542602
4%₹66 Cr1,873,202
↑ 1,873,202
India Grid Trust 0.0788%
Debentures | -
4%₹65 Cr6,500
Pipeline Infrastructure Ltd. 0.0796%
Debentures | -
4%₹63 Cr6,280
Prestige Projects Private Limited 0.1175%
Debentures | -
3%₹60 Cr6,000
Indostar Capital Finance Limited
Debentures | -
3%₹60 Cr6,000
8.12% Govt Stock 2031
Sovereign Bonds | -
3%₹50 Cr5,000,000

5. Kotak Dynamic Bond Fund

(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 CAGR/Annualized return of 8% 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% .

Below is the key information for Kotak Dynamic Bond Fund

Kotak Dynamic Bond Fund
Growth
Launch Date 26 May 08
NAV (16 May 24) ₹34.06 ↑ 0.04   (0.12 %)
Net Assets (Cr) ₹2,544 on 31 Mar 24
Category Debt - Medium term Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.92
Sharpe Ratio 1.01
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.43%
Effective Maturity 15 Years 8 Months 8 Days
Modified Duration 7 Years 10 Months 28 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹11,080
30 Apr 21₹12,027
30 Apr 22₹12,469
30 Apr 23₹13,058
30 Apr 24₹13,915

Kotak Dynamic 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 Kotak Dynamic 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 16 May 24

DurationReturns
1 Month 1.2%
3 Month 1.2%
6 Month 4.4%
1 Year 6.9%
3 Year 5.2%
5 Year 7%
10 Year
15 Year
Since launch 8%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Deepak Agrawal25 Nov 1211.44 Yr.
Abhishek Bisen1 Nov 221.5 Yr.
Palha Khanna3 Jul 230.83 Yr.

Data below for Kotak Dynamic Bond Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash2.05%
Equity4.83%
Debt91.6%
Other1.52%
Debt Sector Allocation
SectorValue
Government72.8%
Corporate18.8%
Cash Equivalent2.05%
Credit Quality
RatingValue
AA10.35%
AAA89.65%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2037
Sovereign Bonds | -
38%₹960 Cr96,229,310
↓ -19,012,000
7.3% Govt Stock 2053
Sovereign Bonds | -
10%₹246 Cr24,500,000
7.25% Govt Stock 2063
Sovereign Bonds | -
8%₹214 Cr21,500,000
India (Republic of) 0.071%
Sovereign Bonds | -
7%₹186 Cr18,600,000
↑ 18,600,000
Muthoot Finance Limited
Debentures | -
4%₹105 Cr10,500
Embassy Office Parks REIT (Real Estate)
-, Since 31 May 21 | 542602
3%₹86 Cr2,435,350
↑ 2,435,350
HDFC Bank Limited
Debentures | -
3%₹85 Cr850
HDFC Bank Limited
Debentures | -
3%₹75 Cr7,500
TATA Steel Limited
Debentures | -
3%₹75 Cr750
8.25% Govt Stock 2033
Sovereign Bonds | -
2%₹57 Cr5,611,988

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