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Best Intermediate Debt Funds for SIP Investment 2023
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 (%) 2022 (%) Aditya Birla Sun Life Medium Term Plan Growth ₹32.9241
↑ 0.00 ₹1,891 1,000 1.1 3.8 6.9 13.5 8 24.8 Nippon India Strategic Debt Fund Growth ₹13.3948
↑ 0.01 ₹126 100 0.9 4.5 6.6 8.5 -1.1 2 Axis Strategic Bond Fund Growth ₹23.9994
↑ 0.00 ₹1,959 1,000 0.9 4 6.5 5.9 6.8 3.8 SBI Magnum Medium Duration Fund Growth ₹44.2845
↓ 0.00 ₹7,107 500 1.1 4.1 6.9 5.6 7.6 3.4 HDFC Medium Term Debt Fund Growth ₹48.7631
↑ 0.00 ₹4,324 300 1 3.8 6.2 5.6 6.8 2.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 23
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 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 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 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 Below is the key information for SBI Magnum Medium Duration Fund Returns up to 1 year are on (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 Below is the key information for HDFC Medium Term Debt Fund Returns up to 1 year are on 1. Aditya Birla Sun Life Medium Term Plan
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% . 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.
Date Value 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 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 22 Aug 23 Duration Returns 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
Year Returns 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
Name Since Tenure Sunaina Cunha 1 Sep 14 9 Yr. Mohit Sharma 6 Aug 20 3.07 Yr. Dhaval Joshi 21 Nov 22 0.78 Yr. Data below for Aditya Birla Sun Life Medium Term Plan as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 3.42% Equity 2.15% Debt 94.43% Debt Sector Allocation
Sector Value Government 48.84% Corporate 45.6% Cash Equivalent 3.42% Credit Quality
Rating Value A 4.88% AA 33.64% AAA 61.49% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.26% Govt Stock 2033
Sovereign Bonds | -22% ₹413 Cr 41,000,000
↓ -2,000,000 7.38% Govt Stock 2027
Sovereign Bonds | -9% ₹177 Cr 17,600,000 07.18 Goi 2033
Sovereign Bonds | -9% ₹166 Cr 16,500,000
↑ 2,000,000 Shriram Finance Limited
Debentures | -3% ₹65 Cr 650 LIC Housing Finance Limited
Debentures | -3% ₹55 Cr 550 JSW Steel Limited
Debentures | -3% ₹50 Cr 500 JM Financial Credit Solutions Limited
Debentures | -2% ₹44 Cr 440 IRB InvIT Fund Units 2017-Series IV (Industrials)
Equity, Since 31 May 18 | IRBINVIT2% ₹41 Cr 5,820,000 Nexus Select Trust
Debentures | -2% ₹40 Cr 4,000 07.18 Goi 2037
Sovereign Bonds | -2% ₹40 Cr 4,000,000 2. Nippon India Strategic Debt Fund
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% . 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.
Date Value 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
Returns for Nippon India Strategic Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 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
Year Returns 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
Name Since Tenure Kinjal Desai 25 May 18 5.27 Yr. Sushil Budhia 1 Feb 20 3.58 Yr. Akshay Sharma 1 Dec 22 0.75 Yr. Data below for Nippon India Strategic Debt Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 14.87% Debt 85.13% Debt Sector Allocation
Sector Value Government 44.59% Corporate 40.55% Cash Equivalent 14.87% Credit Quality
Rating Value AA 20.75% AAA 79.25% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.17% Govt Stock 2030
Sovereign Bonds | -12% ₹15 Cr 1,500,000 7.1% Govt Stock 2029
Sovereign Bonds | -8% ₹10 Cr 1,000,000 India Grid TRust
Debentures | -8% ₹10 Cr 100 Summit Digitel Infrastructure Limited
Debentures | -6% ₹8 Cr 80 Piramal Capital & Housing Finance Limited
Debentures | -5% ₹6 Cr 75,000 07.59 RJ Sdl 2029
Sovereign Bonds | -4% ₹5 Cr 500,000 7.26% Govt Stock 2033
Sovereign Bonds | -4% ₹5 Cr 500,000 Muthoot Finance Limited
Debentures | -4% ₹5 Cr 500 Aadhar Housing Finance Limited
Debentures | -4% ₹5 Cr 500 HDFC Bank Limited
Debentures | -4% ₹5 Cr 500 3. Axis Strategic Bond Fund
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% . 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.
Date Value 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 Returns for Axis Strategic Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 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
Year Returns 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
Name Since Tenure Devang Shah 5 Nov 12 10.83 Yr. Sachin Jain 1 Feb 23 0.58 Yr. Akhil Thakker 1 Feb 23 0.58 Yr. Data below for Axis Strategic Bond Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 6.71% Debt 93.29% Debt Sector Allocation
Sector Value Corporate 49.5% Government 43.77% Cash Equivalent 5.44% Securitized 1.29% Credit Quality
Rating Value A 4.39% AA 24.63% AAA 70.98% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.26% Govt Stock 2033
Sovereign Bonds | -17% ₹343 Cr 34,079,400
↑ 8,000,000 07.18 Goi 2033
Sovereign Bonds | -6% ₹120 Cr 12,000,000
↑ 4,500,000 7.06% Govt Stock 2028
Sovereign Bonds | -4% ₹80 Cr 8,000,000
↑ 3,500,000 Magma Housing Finance Limited
Debentures | -3% ₹58 Cr 5,750 8.51% Govt Stock 2033
Sovereign Bonds | -3% ₹56 Cr 5,500,000
↑ 2,500,000 Rural Electrification Corporation Limited
Debentures | -3% ₹50 Cr 5,000
↓ -2,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹45 Cr 450
↓ -250 Century Textiles And Industried Limited
Debentures | -2% ₹45 Cr 4,500 JM Financial Credit Solutions Limited
Debentures | -2% ₹43 Cr 428 Motherson Sumi Systems Limited
Debentures | -2% ₹40 Cr 4,000 4. SBI Magnum Medium Duration Fund
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% . 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.
Date Value 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 Returns for SBI Magnum Medium Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 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
Year Returns 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
Name Since Tenure Dinesh Ahuja 1 Jul 11 12.18 Yr. Mohit Jain 30 Nov 17 5.75 Yr. Data below for SBI Magnum Medium Duration Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 10.75% Debt 89.25% Debt Sector Allocation
Sector Value Corporate 51.28% Government 37.97% Cash Equivalent 10.75% Credit Quality
Rating Value A 3.06% AA 37.81% AAA 59.13% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.38% Govt Stock 2027
Sovereign Bonds | -7% ₹509 Cr 50,500,000
↓ -12,000,000 Larsen And Toubro Limited
Debentures | -5% ₹350 Cr 35,000 7.06% Govt Stock 2028
Sovereign Bonds | -5% ₹329 Cr 33,000,000
↑ 8,000,000 Tata Housing Development Company Limited
Debentures | -4% ₹300 Cr 30,000 Avanse Financial Services Limited
Debentures | -4% ₹250 Cr 25,000 Jamnagar Utilities And Power Private Limited
Debentures | -4% ₹250 Cr 25,000 Cholamandalam Investment And Fin. Co. Ltd
Debentures | -3% ₹244 Cr 2,500 JM Financial Asset Reconstruction Company Limited
Debentures | -3% ₹236 Cr 23,500 Jindal Stainless Limited
Debentures | -3% ₹235 Cr 2,400 7.41% Govt Stock 2036
Sovereign Bonds | -3% ₹228 Cr 22,500,000 5. HDFC Medium Term Debt Fund
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% . 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.
Date Value 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 Returns for HDFC Medium Term Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 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
Year Returns 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
Name Since Tenure Shobhit Mehrotra 1 Sep 07 16.01 Yr. Dhruv Muchhal 22 Jun 23 0.19 Yr. Data below for HDFC Medium Term Debt Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 7.27% Debt 92.73% Debt Sector Allocation
Sector Value Corporate 62.36% Government 30.95% Cash Equivalent 6.69% Credit Quality
Rating Value AA 29.89% AAA 70.11% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.1% Govt Stock 2029
Sovereign Bonds | -5% ₹229 Cr 23,000,000 7.26% Govt Stock 2032
Sovereign Bonds | -4% ₹156 Cr 15,500,000 7.26% Govt Stock 2033
Sovereign Bonds | -3% ₹151 Cr 15,000,000 Tata Steel Limited
Debentures | -3% ₹146 Cr 14,500 Jamnagar Utilities & Power Private Limited
Debentures | -3% ₹120 Cr 1,250 6.54% Govt Stock 2032
Sovereign Bonds | -3% ₹110 Cr 11,500,000 L&T Metro Rail (Hyderabad) Limited
Debentures | -2% ₹98 Cr 1,000 07.18 Goi 2037
Sovereign Bonds | -2% ₹95 Cr 9,547,700 6.1% Govt Stock 2031
Sovereign Bonds | -2% ₹94 Cr 10,000,000 Sikka Ports & Terminals Limited
Debentures | -2% ₹93 Cr 950
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