# Long Duration mutual funds compared

Source page: https://www.rudowealth.com/mutual-funds/category/long-duration-funds

Long duration funds hold bonds with a portfolio Macaulay duration of more than 7 years, so their value moves most when interest rates change. (SEBI categorisation of mutual fund schemes, 6 October 2017, as amended.)

All 11 long duration funds, Direct plan, Growth option, NAV as of 2026-10-07. Every figure is worked out from each fund's own NAV.

Category averages: 3-year return +6.4% a year, 5-year return +5.4% a year (both annualised), volatility over 3 years 4.7%, expense ratio 0.37%.

| Rank | Fund | 1Y | 3Y (annualised) | 5Y (annualised) | Volatility 3Y | Worst fall 5Y | Expense ratio | Fund size |
|---|---|---|---|---|---|---|---|---|
| 1 | [Nippon India Nivesh Lakshya Long Term Fund- Direct Plan- Growth Option](https://www.rudowealth.com/mutual-funds/nippon-india-nivesh-lakshya-long-duration-fund-direct-plan-growth-option) | +0.5% | +6.4% | +5.5% | 4.6% | -5.8% | 0.33% | ₹6,112 Cr |
| 2 | [ICICI Prudential Long Term Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/icici-prudential-long-term-bond-fund-direct-plan-growth) | +1.0% | +6.6% | +5.3% | 4.1% | -4.6% | 0.43% | ₹832 Cr |
| 3 | [Aditya Birla Sun Life Long Term Fund-Direct Growth](https://www.rudowealth.com/mutual-funds/aditya-birla-sun-life-long-duration-fund-direct-growth) | +1.7% | +6.8% | N/A | 4.1% | N/A | 0.43% | ₹99 Cr |
| 4 | [SBI Long Term Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/sbi-long-duration-fund-direct-plan-growth) | +0.9% | +6.5% | N/A | 4.8% | N/A | 0.32% | ₹1,305 Cr |
| 5 | [HDFC Long Term Fund - Growth Option - Direct Plan](https://www.rudowealth.com/mutual-funds/hdfc-long-duration-debt-fund-growth-option-direct-plan) | +0.5% | +6.4% | N/A | 5.4% | N/A | 0.28% | ₹2,695 Cr |
| 6 | [Axis Long Duration Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/axis-long-duration-fund-direct-plan-growth) | +0.9% | +6.1% | N/A | 5.3% | N/A | 0.33% | ₹168 Cr |
| 7 | [UTI Long Term Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/uti-long-duration-fund-direct-plan-growth-option) | +0.6% | +5.8% | N/A | 5.0% | N/A | 0.78% | ₹89 Cr |
| 8 | [Franklin India Long Duration Fund - Direct - Growth](https://www.rudowealth.com/mutual-funds/franklin-india-long-duration-fund-direct-growth) | +2.5% | N/A | N/A | N/A | N/A | 0.36% | ₹48 Cr |
| 9 | [Bandhan Long Term Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/bandhan-long-duration-fund-direct-plan-growth) | +1.9% | N/A | N/A | N/A | N/A | 0.28% | ₹49 Cr |
| 10 | [Mirae Asset Long Term Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/mirae-asset-long-duration-fund-direct-plan-growth) | +1.0% | N/A | N/A | N/A | N/A | 0.20% | ₹20 Cr |
| 11 | [Kotak Long Term Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/kotak-long-duration-fund-direct-plan-growth) | -0.1% | N/A | N/A | N/A | N/A | 0.32% | ₹58 Cr |

Ordered by 5-year annualised return, highest first; funds younger than 5 years follow by 3-year, then 1-year return. Volatility is the annualised standard deviation of monthly returns. Worst fall is the largest drop from a peak in the last 5 years. We do not label any fund as the best.

Investing from the UAE: NRIs can generally invest once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept residents of the United States or Canada. The UAE does not levy personal income tax, and the India UAE tax treaty may affect how gains are treated, so confirm your own position with a tax adviser.

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RuDo Wealth is a fee-only cross-border advisory operating through two separate companies. India: RuDo Wealth Investment Advisory, SEBI Registered Investment Adviser, registration INA000019503. UAE: RuDo Digital Wealth, FSRA Financial Services Permission 220155, Category 3C (Retail), ADGM. The entity permitted to serve you depends on your country of residence.

General information, not a recommendation to buy or sell any fund. Past performance does not indicate future returns.