# Medium to Long Duration mutual funds compared

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

Medium to long duration funds hold bonds with a portfolio Macaulay duration between 4 and 7 years. (SEBI categorisation of mutual fund schemes, 6 October 2017, as amended.)

All 13 medium to 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 +6.8% a year, 5-year return +5.8% a year (both annualised), volatility over 3 years 2.7%, expense ratio 0.70%.

| Rank | Fund | 1Y | 3Y (annualised) | 5Y (annualised) | Volatility 3Y | Worst fall 5Y | Expense ratio | Fund size |
|---|---|---|---|---|---|---|---|---|
| 1 | [UTI Medium to Long Term Fund-Growth - Direct](https://www.rudowealth.com/mutual-funds/uti-medium-to-long-duration-fund-growth-direct) | +3.1% | +6.5% | +7.0% | 2.5% | -2.2% | 1.27% | ₹305 Cr |
| 2 | [LIC MF Medium to Long Term Fund-Direct Plan-Growth](https://www.rudowealth.com/mutual-funds/lic-mf-medium-to-long-duration-fund-direct-plan-growth) | +4.2% | +7.6% | +6.3% | 2.7% | -2.1% | 0.22% | ₹175 Cr |
| 3 | [ICICI Prudential Medium to Long Term Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/icici-prudential-bond-fund-direct-plan-growth) | +3.6% | +7.1% | +6.2% | 2.6% | -1.9% | 0.59% | ₹2,048 Cr |
| 4 | [SBI Medium to Long Term Fund-Direct Plan -Growth](https://www.rudowealth.com/mutual-funds/sbi-medium-to-long-duration-fund-direct-plan-growth) | +3.8% | +6.9% | +6.1% | 2.4% | -1.9% | 0.78% | ₹2,046 Cr |
| 5 | [Nippon India Medium to Long Term Fund - Direct Plan Growth Plan - Growth Option](https://www.rudowealth.com/mutual-funds/nippon-india-medium-to-long-duration-fund-direct-plan-growth-plan-growth-option) | +3.6% | +6.9% | +6.1% | 2.8% | -2.1% | 0.67% | ₹329 Cr |
| 6 | [Kotak Medium to Long Term Fund - Growth - Direct](https://www.rudowealth.com/mutual-funds/kotak-bond-fund-growth-direct) | +3.7% | +7.2% | +6.0% | 2.9% | -2.4% | 0.74% | ₹1,784 Cr |
| 7 | [HDFC Medium to Long Term Fund - Growth Option - Direct Plan](https://www.rudowealth.com/mutual-funds/hdfc-income-fund-growth-option-direct-plan) | +3.3% | +6.9% | +5.7% | 3.0% | -2.6% | 0.81% | ₹830 Cr |
| 8 | [Aditya Birla Sun Life Medium to Long Term Fund - Growth - Direct Plan](https://www.rudowealth.com/mutual-funds/aditya-birla-sun-life-income-fund-growth-direct-plan) | +2.4% | +6.3% | +5.4% | 2.9% | -2.6% | 0.69% | ₹1,770 Cr |
| 9 | [Canara Robeco Medium to Long Term Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/canara-robeco-income-fund-direct-plan-growth-option) | +2.7% | +6.4% | +5.3% | 2.3% | -1.8% | 0.78% | ₹111 Cr |
| 10 | [Bandhan Medium to Long Term Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/bandhan-medium-to-long-duration-fund-direct-plan-growth) | +5.4% | +6.9% | +5.3% | 2.8% | -3.5% | 0.99% | ₹429 Cr |
| 11 | [JM Medium to Long Term Fund Direct - Growth Option](https://www.rudowealth.com/mutual-funds/jm-medium-to-long-duration-fund-direct-growth-option) | +2.5% | +6.6% | +5.2% | 2.4% | -3.3% | 0.59% | ₹30 Cr |
| 12 | [HSBC Medium to Long Term Fund - Direct Growth](https://www.rudowealth.com/mutual-funds/hsbc-medium-to-long-duration-fund-direct-growth) | +2.7% | +6.7% | +5.2% | 2.7% | -3.1% | 0.64% | ₹49 Cr |
| 13 | [Franklin India Medium to Long Duration Fund - Direct Growth](https://www.rudowealth.com/mutual-funds/franklin-india-medium-to-long-duration-fund-direct-growth) | +3.9% | N/A | N/A | N/A | N/A | 0.34% | ₹42 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.