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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 (%) 2024 (%) Aditya Birla Sun Life Medium Term Plan Growth ₹39.683
↑ 0.02 ₹2,206 1,000 3.5 7.8 14.7 14.8 13.7 10.5 Axis Strategic Bond Fund Growth ₹27.9547
↑ 0.01 ₹1,899 1,000 3.6 5.6 10.1 8.2 7.4 8.7 Nippon India Strategic Debt Fund Growth ₹15.463
↑ 0.01 ₹99 100 3.5 5.4 9.9 7.5 8.1 8.3 Kotak Dynamic Bond Fund Growth ₹37.7793
↓ -0.02 ₹2,826 1,000 4.4 5.7 11 8.2 6.7 9.3 Kotak Medium Term Fund Growth ₹22.6777
↑ 0.01 ₹1,766 1,000 3.5 5.1 10.2 7.7 7.2 9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 May 25
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 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 (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 (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 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 1. Aditya Birla Sun Life Medium Term Plan
CAGR/Annualized
return of 8.9% since its launch. Ranked 6 in Medium term Bond
category. Return for 2024 was 10.5% , 2023 was 6.9% and 2022 was 24.8% . Aditya Birla Sun Life Medium Term Plan
Growth Launch Date 25 Mar 09 NAV (19 May 25) ₹39.683 ↑ 0.02 (0.06 %) Net Assets (Cr) ₹2,206 on 31 Mar 25 Category Debt - Medium term Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.55 Sharpe Ratio 2.48 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 7.89% Effective Maturity 4 Years 10 Months 24 Days Modified Duration 3 Years 7 Months 17 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 20 ₹10,000 30 Apr 21 ₹11,757 30 Apr 22 ₹12,748 30 Apr 23 ₹15,615 30 Apr 24 ₹16,612 30 Apr 25 ₹19,032 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 19 May 25 Duration Returns 1 Month 1.1% 3 Month 3.5% 6 Month 7.8% 1 Year 14.7% 3 Year 14.8% 5 Year 13.7% 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 10.67 Yr. Mohit Sharma 6 Aug 20 4.74 Yr. Data below for Aditya Birla Sun Life Medium Term Plan as on 31 Mar 25
Asset Allocation
Asset Class Value Cash 4.63% Equity 4.35% Debt 90.78% Other 0.24% Debt Sector Allocation
Sector Value Corporate 57.77% Government 33.01% Cash Equivalent 4.63% Credit Quality
Rating Value A 2.36% AA 39.52% AAA 55.71% BBB 2.42% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -15% ₹346 Cr 33,000,000
↓ -8,000,000 7.1% Govt Stock 2034
Sovereign Bonds | -6% ₹133 Cr 12,696,700 Small Industries Development Bank Of India
Debentures | -4% ₹102 Cr 10,000
↑ 10,000 Nuvama Wealth Finance Ltd
Debentures | -4% ₹95 Cr 9,500
↑ 9,500 National Bank For Financing Infrastructure And Development
Debentures | -3% ₹72 Cr 7,000 360 One Prime Ltd. 9.4%
Debentures | -3% ₹65 Cr 6,500 SK Finance Limited
Debentures | -3% ₹65 Cr 6,500 Narayana Hrudayalaya Limited
Debentures | -3% ₹61 Cr 6,000 JSW Energy Ltd 8.75%
Debentures | -3% ₹61 Cr 6,000 Vedanta Limited
Debentures | -3% ₹60 Cr 6,000 2. Axis Strategic Bond Fund
CAGR/Annualized
return of 8.1% since its launch. Ranked 7 in Medium term Bond
category. Return for 2024 was 8.7% , 2023 was 7.3% and 2022 was 3.8% . Axis Strategic Bond Fund
Growth Launch Date 28 Mar 12 NAV (19 May 25) ₹27.9547 ↑ 0.01 (0.05 %) Net Assets (Cr) ₹1,899 on 31 Mar 25 Category Debt - Medium term Bond AMC Axis Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.06 Sharpe Ratio 1.61 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 8.03% Effective Maturity 5 Years 1 Month 20 Days Modified Duration 3 Years 5 Months 5 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 20 ₹10,000 30 Apr 21 ₹10,976 30 Apr 22 ₹11,459 30 Apr 23 ₹12,153 30 Apr 24 ₹12,993 30 Apr 25 ₹14,309 Returns for Axis Strategic Bond Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 19 May 25 Duration Returns 1 Month 1.1% 3 Month 3.6% 6 Month 5.6% 1 Year 10.1% 3 Year 8.2% 5 Year 7.4% 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 12.49 Yr. Sachin Jain 1 Feb 23 2.24 Yr. Akhil Thakker 1 Feb 23 2.24 Yr. Data below for Axis Strategic Bond Fund as on 31 Mar 25
Asset Allocation
Asset Class Value Cash 3.77% Equity 0.35% Debt 95.6% Other 0.28% Debt Sector Allocation
Sector Value Corporate 55.24% Government 40.35% Cash Equivalent 3.77% Credit Quality
Rating Value A 10.85% AA 42.45% AAA 46.7% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.1% Govt Stock 2034
Sovereign Bonds | -17% ₹327 Cr 31,200,000
↑ 4,100,000 6.79% Govt Stock 2034
Sovereign Bonds | -9% ₹175 Cr 17,031,900
↑ 16,500,000 7.58% LIC Housing Finance Limited (23/03/2035)
Debentures | -3% ₹61 Cr 6,000 Nirma Limited
Debentures | -3% ₹61 Cr 6,000 Vedanta Limited
Debentures | -3% ₹60 Cr 6,000 Nuvama Wealth Finance Limited 9.75%
Debentures | -3% ₹58 Cr 5,800 DLF Cyber City Developers Ltd. 8.4%
Debentures | -3% ₹56 Cr 5,500 Aadhar Housing Finance Ltd. 8.65%
Debentures | -3% ₹53 Cr 5,200 7.48% National Bank For Agriculture And Rural Development
Debentures | -3% ₹51 Cr 5,000 Mahanagar Telephone Nigam Limited
Debentures | -3% ₹50 Cr 5,000 3. Nippon India Strategic Debt Fund
CAGR/Annualized
return of 4.1% since its launch. Ranked 7 in Medium term Bond
category. Return for 2024 was 8.3% , 2023 was 7% and 2022 was 2% . Nippon India Strategic Debt Fund
Growth Launch Date 26 Jun 14 NAV (19 May 25) ₹15.463 ↑ 0.01 (0.06 %) Net Assets (Cr) ₹99 on 31 Mar 25 Category Debt - Medium term Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.92 Sharpe Ratio 1.68 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 8.03% Effective Maturity 4 Years 9 Months 29 Days Modified Duration 3 Years 5 Months 5 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 20 ₹10,000 30 Apr 21 ₹10,360 30 Apr 22 ₹12,096 30 Apr 23 ₹12,694 30 Apr 24 ₹13,464 30 Apr 25 ₹14,802 Returns for Nippon India Strategic Debt Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 19 May 25 Duration Returns 1 Month 1% 3 Month 3.5% 6 Month 5.4% 1 Year 9.9% 3 Year 7.5% 5 Year 8.1% 10 Year 15 Year Since launch 4.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 8.3% 2023 7% 2022 2% 2021 17.4% 2020 -23.5% 2019 -3.4% 2018 4.7% 2017 6.9% 2016 11.1% 2015 9% Fund Manager information for Nippon India Strategic Debt Fund
Name Since Tenure Kinjal Desai 25 May 18 6.94 Yr. Sushil Budhia 1 Feb 20 5.25 Yr. Akshay Sharma 1 Dec 22 2.41 Yr. Data below for Nippon India Strategic Debt Fund as on 31 Mar 25
Asset Allocation
Asset Class Value Cash 20.87% Debt 78.67% Other 0.46% Debt Sector Allocation
Sector Value Corporate 45.11% Government 33.57% Cash Equivalent 20.87% Credit Quality
Rating Value AA 60.99% AAA 39.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -26% ₹27 Cr 2,500,000 Century Textiles And Industries Limited
Debentures | -5% ₹5 Cr 500 Truhome Finance Ltd. 9.25%
Debentures | -5% ₹5 Cr 500 Godrej Industries Limited
Debentures | -5% ₹5 Cr 500 Aadhar Housing Finance Limited
Debentures | -5% ₹5 Cr 500 JSW Steel Limited
Debentures | -5% ₹5 Cr 50 Delhi International Airport Limited
Debentures | -4% ₹4 Cr 400 Indostar Capital Finance Limited
Debentures | -4% ₹4 Cr 400 5.63% Govt Stock 2026
Sovereign Bonds | -3% ₹4 Cr 351,700 Cholamandalam Investment And Finance Company Limited
Debentures | -3% ₹3 Cr 300 4. Kotak Dynamic Bond Fund
CAGR/Annualized
return of 8.2% since its launch. Ranked 23 in Medium term Bond
category. Return for 2024 was 9.3% , 2023 was 6.5% and 2022 was 2.5% . Kotak Dynamic Bond Fund
Growth Launch Date 26 May 08 NAV (19 May 25) ₹37.7793 ↓ -0.02 (-0.05 %) Net Assets (Cr) ₹2,826 on 31 Mar 25 Category Debt - Medium term Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 1.3 Sharpe Ratio 0.51 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.1% Effective Maturity 19 Years 4 Months 6 Days Modified Duration 8 Years 11 Months 16 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 20 ₹10,000 30 Apr 21 ₹10,854 30 Apr 22 ₹11,253 30 Apr 23 ₹11,785 30 Apr 24 ₹12,559 30 Apr 25 ₹13,990 Returns for Kotak Dynamic Bond Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 19 May 25 Duration Returns 1 Month 1.5% 3 Month 4.4% 6 Month 5.7% 1 Year 11% 3 Year 8.2% 5 Year 6.7% 10 Year 15 Year Since launch 8.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 9.3% 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% Fund Manager information for Kotak Dynamic Bond Fund
Name Since Tenure Deepak Agrawal 25 Nov 12 12.44 Yr. Abhishek Bisen 1 Nov 22 2.5 Yr. Data below for Kotak Dynamic Bond Fund as on 31 Mar 25
Asset Allocation
Asset Class Value Cash 2.66% Equity 5.16% Debt 90.66% Other 1.53% Debt Sector Allocation
Sector Value Government 72.66% Corporate 18% Cash Equivalent 2.66% Credit Quality
Rating Value AA 9.89% AAA 90.11% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.3% Govt Stock 2053
Sovereign Bonds | -45% ₹1,262 Cr 119,500,000
↓ -2,500,000 7.1% Govt Stock 2034
Sovereign Bonds | -12% ₹325 Cr 31,109,620 7.18% Govt Stock 2033
Sovereign Bonds | -8% ₹231 Cr 22,053,280 Muthoot Finance Limited
Debentures | -5% ₹153 Cr 15,000 7.25% Govt Stock 2063
Sovereign Bonds | -5% ₹147 Cr 14,000,000 HDFC Bank Limited
Debentures | -3% ₹87 Cr 850 Embassy Office Parks REIT (Real Estate)
-, Since 31 May 21 | 5426023% ₹82 Cr 2,209,204 TATA Steel Limited
Debentures | -3% ₹77 Cr 750 HDFC Bank Limited
Debentures | -3% ₹72 Cr 7,000 HDFC Bank Limited
Debentures | -2% ₹51 Cr 500 5. Kotak Medium Term Fund
CAGR/Annualized
return of 7.6% since its launch. Ranked 10 in Medium term Bond
category. Return for 2024 was 9% , 2023 was 6.1% and 2022 was 3.2% . Kotak Medium Term Fund
Growth Launch Date 25 Mar 14 NAV (19 May 25) ₹22.6777 ↑ 0.01 (0.06 %) Net Assets (Cr) ₹1,766 on 31 Mar 25 Category Debt - Medium term Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 1.58 Sharpe Ratio 1.04 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 8.18% Effective Maturity 5 Years 2 Months 23 Days Modified Duration 3 Years 6 Months 22 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 20 ₹10,000 30 Apr 21 ₹11,115 30 Apr 22 ₹11,666 30 Apr 23 ₹12,189 30 Apr 24 ₹13,023 30 Apr 25 ₹14,303 Returns for Kotak Medium Term Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 19 May 25 Duration Returns 1 Month 1.3% 3 Month 3.5% 6 Month 5.1% 1 Year 10.2% 3 Year 7.7% 5 Year 7.2% 10 Year 15 Year Since launch 7.6% 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 11.11 Yr. Sunit garg 1 Nov 22 2.5 Yr. Data below for Kotak Medium Term Fund as on 31 Mar 25
Asset Allocation
Asset Class Value Cash 2.42% Equity 5.61% Debt 90.42% Other 1.55% Debt Sector Allocation
Sector Value Corporate 62.05% Government 28.01% Cash Equivalent 2.79% Credit Quality
Rating Value A 10.34% AA 35.32% AAA 54.33% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.1% Govt Stock 2034
Sovereign Bonds | -14% ₹274 Cr 26,250,021 7.18% Govt Stock 2033
Sovereign Bonds | -9% ₹182 Cr 17,343,470 Bamboo Hotel And Global Centre (Delhi) Private Limited
Debentures | -5% ₹90 Cr 9,000 TATA Steel Limited
Debentures | -4% ₹77 Cr 750 Pipeline Infrastructure Private Limited
Debentures | -3% ₹65 Cr 6,280 Aditya Birla Renewables Limited
Debentures | -3% ₹61 Cr 6,000 SANSAR AUG 2024 V TRUST
Unlisted bonds | -3% ₹60 Cr 600,000,000 Indostar Capital Finance Limited
Debentures | -3% ₹60 Cr 6,000 Embassy Office Parks REIT (Real Estate)
-, Since 31 May 21 | 5426023% ₹56 Cr 1,498,708 Century Textiles And Industries Limited
Debentures | -3% ₹56 Cr 5,500
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