5 Best Performing Intermediate Debt Funds SIP Investment 2024

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Top 5 Best Performing Intermediate or Mid Term Debt Funds to Invest in SIP
How to Invest in Debt Funds Online?
Top 5 Debt - Medium term Bond Funds

Best Intermediate Debt Funds for SIP Investment 2024

Updated on April 14, 2024 , 1308 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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Top 5 Best Performing Intermediate or Mid Term Debt Funds to Invest in SIP

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

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 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

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 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

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 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

Aditya Birla Sun Life Medium Term Plan SIP 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 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

(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 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

Returns up to 1 year are on 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

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 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

Kotak Medium Term 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 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 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 \| 542602	4%	₹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

(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 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% .

Below is the key information for Kotak Dynamic Bond Fund

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

Kotak Dynamic 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 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 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 \| 542602	4%	₹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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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.