+91-22-48913909Best Intermediate Debt Funds for SIP Investment 2026
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 funds. 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 Selection Methodology used to find 5 funds
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 (%) 2024 (%) Aditya Birla Sun Life Medium Term Plan Growth ₹42.066
↓ -0.07 ₹2,905 1,000 2.7 4.6 12.1 9.9 12.3 10.9 Nippon India Strategic Debt Fund Growth ₹16.2737
↓ -0.04 ₹138 100 0.8 2.3 8.9 8.2 8.9 9.6 Axis Strategic Bond Fund Growth ₹29.0136
↓ -0.05 ₹2,059 1,000 1 2.7 7.6 7.9 6.7 8.2 Kotak Medium Term Fund Growth ₹23.7443
↓ -0.02 ₹2,015 1,000 1.3 3.5 8.2 8.1 6.6 8.9 SBI Magnum Medium Duration Fund Growth ₹52.8224
↓ -0.08 ₹6,889 500 1 2.6 6.9 7.5 6.2 7.5 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Feb 26 Research Highlights & Commentary of 5 Funds showcased
Commentary Aditya Birla Sun Life Medium Term Plan Nippon India Strategic Debt Fund Axis Strategic Bond Fund Kotak Medium Term Fund SBI Magnum Medium Duration Fund Point 1 Upper mid AUM (₹2,905 Cr). Bottom quartile AUM (₹138 Cr). Lower mid AUM (₹2,059 Cr). Bottom quartile AUM (₹2,015 Cr). Highest AUM (₹6,889 Cr). Point 2 Established history (16+ yrs). Established history (11+ yrs). Established history (13+ yrs). Established history (11+ yrs). Oldest track record among peers (22 yrs). Point 3 Top rated. Rating: 4★ (upper mid). Rating: 4★ (lower mid). Rating: 3★ (bottom quartile). Rating: 3★ (bottom quartile). Point 4 Risk profile: Moderate. Risk profile: Moderate. Risk profile: Moderate. Risk profile: Moderate. Risk profile: Moderate. Point 5 1Y return: 12.07% (top quartile). 1Y return: 8.94% (upper mid). 1Y return: 7.59% (bottom quartile). 1Y return: 8.25% (lower mid). 1Y return: 6.90% (bottom quartile). Point 6 1M return: 0.16% (bottom quartile). 1M return: 0.28% (lower mid). 1M return: 0.27% (bottom quartile). 1M return: 0.53% (top quartile). 1M return: 0.31% (upper mid). Point 7 Sharpe: 2.01 (top quartile). Sharpe: 1.20 (bottom quartile). Sharpe: 1.39 (lower mid). Sharpe: 1.71 (upper mid). Sharpe: 0.82 (bottom quartile). Point 8 Information ratio: 0.00 (top quartile). Information ratio: 0.00 (upper mid). Information ratio: 0.00 (lower mid). Information ratio: 0.00 (bottom quartile). Information ratio: 0.00 (bottom quartile). Point 9 Yield to maturity (debt): 7.78% (bottom quartile). Yield to maturity (debt): 0.00% (bottom quartile). Yield to maturity (debt): 7.86% (upper mid). Yield to maturity (debt): 7.89% (top quartile). Yield to maturity (debt): 7.81% (lower mid). Point 10 Modified duration: 3.40 yrs (bottom quartile). Modified duration: 0.00 yrs (top quartile). Modified duration: 3.33 yrs (bottom quartile). Modified duration: 3.23 yrs (lower mid). Modified duration: 3.09 yrs (upper mid). Aditya Birla Sun Life Medium Term Plan
Nippon India Strategic Debt Fund
Axis Strategic Bond Fund
Kotak Medium Term Fund
SBI Magnum Medium Duration Fund
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. 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. Research Highlights for Nippon India Strategic Debt Fund Below is the key information for Nippon India Strategic Debt Fund 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. Research Highlights for Axis Strategic Bond Fund Below is the key information for Axis Strategic 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 Research Highlights for Kotak Medium Term Fund Below is the key information for Kotak Medium Term Fund Returns up to 1 year are on (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. Research Highlights for SBI Magnum Medium Duration Fund Below is the key information for SBI Magnum Medium Duration Fund Returns up to 1 year are on 1. Aditya Birla Sun Life Medium Term Plan
Aditya Birla Sun Life Medium Term Plan
Growth Launch Date 25 Mar 09 NAV (06 Feb 26) ₹42.066 ↓ -0.07 (-0.17 %) Net Assets (Cr) ₹2,905 on 31 Dec 25 Category Debt - Medium term Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.57 Sharpe Ratio 2.01 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 7.78% Effective Maturity 4 Years 6 Months 7 Days Modified Duration 3 Years 4 Months 24 Days Growth of 10,000 investment over the years.
Date Value 31 Jan 21 ₹10,000 31 Jan 22 ₹10,660 31 Jan 23 ₹13,326 31 Jan 24 ₹14,282 31 Jan 25 ₹15,800 31 Jan 26 ₹17,695 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 6 Feb 26 Duration Returns 1 Month 0.2% 3 Month 2.7% 6 Month 4.6% 1 Year 12.1% 3 Year 9.9% 5 Year 12.3% 10 Year 15 Year Since launch 8.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 10.9% 2023 10.5% 2022 6.9% 2021 24.8% 2020 7.1% 2019 8.1% 2018 -4.4% 2017 5.6% 2016 7% 2015 10.9% Fund Manager information for Aditya Birla Sun Life Medium Term Plan
Name Since Tenure Sunaina Cunha 1 Sep 14 11.34 Yr. Mohit Sharma 6 Aug 20 5.41 Yr. Data below for Aditya Birla Sun Life Medium Term Plan as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 4.85% Equity 4.1% Debt 90.79% Other 0.25% Debt Sector Allocation
Sector Value Corporate 56.52% Government 34.28% Cash Equivalent 4.85% Credit Quality
Rating Value A 10.07% AA 38.92% AAA 51.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.79% Govt Stock 2034
Sovereign Bonds | -10% ₹283 Cr 28,000,000
↓ -5,000,000 7.1% Govt Stock 2034
Sovereign Bonds | -8% ₹244 Cr 23,696,700 7.18% Govt Stock 2033
Sovereign Bonds | -7% ₹191 Cr 18,500,000 Hinduja Leyland Finance Limited
Debentures | -4% ₹109 Cr 11,000
↑ 2,500 Nuvama Wealth Finance Limited
Debentures | -3% ₹96 Cr 9,500 GMR Airports Limited
Debentures | -3% ₹81 Cr 8,000 Jubilant Bevco Limited
Debentures | -3% ₹79 Cr 7,400 Jtpm Metal TRaders Limited
Debentures | -3% ₹79 Cr 7,673 Indian Railway Finance Corporation Limited
Debentures | -3% ₹75 Cr 7,500 Kogta Financial (India) Limited
Debentures | -2% ₹72 Cr 7,250 2. Nippon India Strategic Debt Fund
Nippon India Strategic Debt Fund
Growth Launch Date 26 Jun 14 NAV (06 Feb 26) ₹16.2737 ↓ -0.04 (-0.23 %) Net Assets (Cr) ₹138 on 31 Dec 25 Category Debt - Medium term Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.08 Sharpe Ratio 1.2 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 0% Effective Maturity Modified Duration Growth of 10,000 investment over the years.
Date Value 31 Jan 21 ₹10,000 31 Jan 22 ₹11,776 31 Jan 23 ₹12,039 31 Jan 24 ₹12,932 31 Jan 25 ₹14,017 31 Jan 26 ₹15,283 Returns for Nippon India Strategic Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Feb 26 Duration Returns 1 Month 0.3% 3 Month 0.8% 6 Month 2.3% 1 Year 8.9% 3 Year 8.2% 5 Year 8.9% 10 Year 15 Year Since launch 4.3% Historical performance (Yearly) on absolute basis
Year Returns 2024 9.6% 2023 8.3% 2022 7% 2021 2% 2020 17.4% 2019 -23.5% 2018 -3.4% 2017 4.7% 2016 6.9% 2015 11.1% Fund Manager information for Nippon India Strategic Debt Fund
Name Since Tenure Kinjal Desai 25 May 18 7.61 Yr. Sushil Budhia 1 Feb 20 5.92 Yr. Akshay Sharma 1 Dec 22 3.09 Yr. Lokesh Maru 5 Sep 25 0.32 Yr. Divya Sharma 5 Sep 25 0.32 Yr. Data below for Nippon India Strategic Debt Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 19.09% Debt 80.56% Other 0.35% Debt Sector Allocation
Sector Value Government 41.23% Corporate 39.33% Cash Equivalent 19.09% Credit Quality
Rating Value AA 37.91% AAA 62.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -11% ₹15 Cr 1,500,000 6.79% Govt Stock 2034
Sovereign Bonds | -7% ₹10 Cr 1,000,000 7.17 Madhya Pradesh SDL 2031
Sovereign Bonds | -7% ₹10 Cr 1,000,000 Rec Limited
Debentures | -4% ₹5 Cr 50 Indian Railway Finance Corporation Ltd -
Debentures | -4% ₹5 Cr 1,000 7.1% Govt Stock 2034
Sovereign Bonds | -4% ₹5 Cr 500,000 TRuhome Finance Limited
Debentures | -4% ₹5 Cr 500 Aditya Birla Real Estate Limited
Debentures | -4% ₹5 Cr 500 Godrej Industries Limited
Debentures | -4% ₹5 Cr 500 SIDDHIVINAYAK SECURITISATION TRUST
Unlisted bonds | -4% ₹5 Cr 05 3. Axis Strategic Bond Fund
Axis Strategic Bond Fund
Growth Launch Date 28 Mar 12 NAV (06 Feb 26) ₹29.0136 ↓ -0.05 (-0.17 %) Net Assets (Cr) ₹2,059 on 31 Dec 25 Category Debt - Medium term Bond AMC Axis Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.08 Sharpe Ratio 1.39 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 7.86% Effective Maturity 4 Years 7 Months 6 Days Modified Duration 3 Years 3 Months 29 Days Growth of 10,000 investment over the years.
Date Value 31 Jan 21 ₹10,000 31 Jan 22 ₹10,526 31 Jan 23 ₹10,958 31 Jan 24 ₹11,778 31 Jan 25 ₹12,796 31 Jan 26 ₹13,780 Returns for Axis Strategic Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Feb 26 Duration Returns 1 Month 0.3% 3 Month 1% 6 Month 2.7% 1 Year 7.6% 3 Year 7.9% 5 Year 6.7% 10 Year 15 Year Since launch 8% Historical performance (Yearly) on absolute basis
Year Returns 2024 8.2% 2023 8.7% 2022 7.3% 2021 3.8% 2020 5.2% 2019 10.5% 2018 7.1% 2017 6.7% 2016 7.5% 2015 11.6% Fund Manager information for Axis Strategic Bond Fund
Name Since Tenure Devang Shah 5 Nov 12 13.16 Yr. Sachin Jain 1 Feb 23 2.92 Yr. Akhil Thakker 1 Feb 23 2.92 Yr. Data below for Axis Strategic Bond Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 6.99% Equity 1.42% Debt 91.32% Other 0.28% Debt Sector Allocation
Sector Value Corporate 62.62% Government 31.11% Cash Equivalent 4.59% Credit Quality
Rating Value A 12.3% AA 45.15% AAA 42.56% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.48% Govt Stock 2035
Sovereign Bonds | -6% ₹117 Cr 11,800,000
↑ 6,000,000 7.1% Govt Stock 2034
Sovereign Bonds | -6% ₹115 Cr 11,200,000 6.68% Govt Stock 2040
Sovereign Bonds | -4% ₹73 Cr 7,500,000
↑ 5,000,000 Jubilant Beverages Limited
Debentures | -3% ₹70 Cr 6,500 GMR Hyderabad International Airport Ltd
Debentures | -3% ₹66 Cr 6,500 Tamil Nadu (Government of) 7.18%
- | -3% ₹63 Cr 6,358,600
↑ 6,358,600 Vedanta Limited
Debentures | -3% ₹60 Cr 6,000 Jubilant Bevco Limited
Debentures | -3% ₹59 Cr 5,500
↑ 2,500 Nuvama Wealth Finance Limited
Debentures | -3% ₹58 Cr 5,800 Delhi International Airport Limited
Debentures | -3% ₹57 Cr 5,500 4. Kotak Medium Term Fund
Kotak Medium Term Fund
Growth Launch Date 25 Mar 14 NAV (06 Feb 26) ₹23.7443 ↓ -0.02 (-0.09 %) Net Assets (Cr) ₹2,015 on 31 Dec 25 Category Debt - Medium term Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 1.63 Sharpe Ratio 1.71 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 7.89% Effective Maturity 4 Years 8 Months 8 Days Modified Duration 3 Years 2 Months 23 Days Growth of 10,000 investment over the years.
Date Value 31 Jan 21 ₹10,000 31 Jan 22 ₹10,484 31 Jan 23 ₹10,809 31 Jan 24 ₹11,582 31 Jan 25 ₹12,584 31 Jan 26 ₹13,614 Returns for Kotak Medium Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Feb 26 Duration Returns 1 Month 0.5% 3 Month 1.3% 6 Month 3.5% 1 Year 8.2% 3 Year 8.1% 5 Year 6.6% 10 Year 15 Year Since launch 7.5% Historical performance (Yearly) on absolute basis
Year Returns 2024 8.9% 2023 9% 2022 6.1% 2021 3.2% 2020 4.7% 2019 8.5% 2018 7% 2017 5.4% 2016 6.6% 2015 10.9% Fund Manager information for Kotak Medium Term Fund
Name Since Tenure Deepak Agrawal 25 Mar 14 11.78 Yr. Vihag Mishra 1 Jun 25 0.59 Yr. Data below for Kotak Medium Term Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 2.24% Equity 9.45% Debt 88.03% Other 0.28% Debt Sector Allocation
Sector Value Corporate 73.08% Government 14.6% Cash Equivalent 2.59% Credit Quality
Rating Value A 7.93% AA 44.44% AAA 47.64% Top Securities Holdings / Portfolio
Name Holding Value Quantity Jtpm Metal TRaders Limited
Debentures | -5% ₹103 Cr 10,000 L&T Metro Rail (Hyderabad) Limited
Debentures | -5% ₹99 Cr 10,000 Bamboo Hotel And Global Centre (Delhi) Private Limited
Debentures | -5% ₹91 Cr 9,000 Embassy Office Parks REIT (Real Estate)
-, Since 31 May 21 | EMBASSY4% ₹87 Cr 1,998,346 TATA Steel Limited
Debentures | -4% ₹76 Cr 750 Pipeline Infrastructure Limited
Debentures | -3% ₹65 Cr 6,280 Aditya Birla Renewables Limited
Debentures | -3% ₹61 Cr 6,000 Aditya Birla Real Estate Limited
Debentures | -3% ₹56 Cr 5,500 7.09% Govt Stock 2054
Sovereign Bonds | -3% ₹54 Cr 5,500,000 7.1% Govt Stock 2034
Sovereign Bonds | -3% ₹51 Cr 5,000,000 5. SBI Magnum Medium Duration Fund
SBI Magnum Medium Duration Fund
Growth Launch Date 12 Nov 03 NAV (06 Feb 26) ₹52.8224 ↓ -0.08 (-0.16 %) Net Assets (Cr) ₹6,889 on 31 Dec 25 Category Debt - Medium term Bond AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Moderate Expense Ratio 1.22 Sharpe Ratio 0.82 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 7.81% Effective Maturity 4 Years 4 Months 17 Days Modified Duration 3 Years 1 Month 2 Days Growth of 10,000 investment over the years.
Date Value 31 Jan 21 ₹10,000 31 Jan 22 ₹10,409 31 Jan 23 ₹10,797 31 Jan 24 ₹11,596 31 Jan 25 ₹12,543 31 Jan 26 ₹13,409 Returns for SBI Magnum Medium Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Feb 26 Duration Returns 1 Month 0.3% 3 Month 1% 6 Month 2.6% 1 Year 6.9% 3 Year 7.5% 5 Year 6.2% 10 Year 15 Year Since launch 7.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.5% 2023 8.1% 2022 7.2% 2021 3.4% 2020 3.8% 2019 12.3% 2018 11.1% 2017 6.2% 2016 7.6% 2015 14% Fund Manager information for SBI Magnum Medium Duration Fund
Name Since Tenure Lokesh Mallya 1 Dec 23 2.09 Yr. Mohit Jain 30 Nov 17 8.09 Yr. Data below for SBI Magnum Medium Duration Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 4.94% Equity 4.81% Debt 89.96% Other 0.3% Debt Sector Allocation
Sector Value Corporate 64.65% Government 25.31% Cash Equivalent 4.94% Credit Quality
Rating Value A 8.75% AA 46.76% AAA 44.49% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -8% ₹531 Cr 51,500,000
↓ -15,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -5% ₹343 Cr 33,500,000 Godrej Properties Limited
Debentures | -4% ₹303 Cr 30,000 Avanse Financial Services Limited
Debentures | -4% ₹251 Cr 25,000 6.48% Govt Stock 2035
Sovereign Bonds | -4% ₹248 Cr 25,000,000
↑ 17,500,000 6.68% Govt Stock 2040
Sovereign Bonds | -4% ₹243 Cr 25,000,000 Renew Solar Energy (Jharkhand Five) Private Limited
Debentures | -3% ₹225 Cr 24,000 Yes Bank Limited
Debentures | -3% ₹224 Cr 2,250 Aditya Birla Real Estate Limited
Debentures | -3% ₹222 Cr 22,000 Jtpm Metal TRaders Limited
Debentures | -3% ₹206 Cr 20,000
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Research Highlights for Aditya Birla Sun Life Medium Term Plan