In this Article, we will discuss about Top 10 Medium to Long Duration Funds in India. We will also dig deep into their last 6 months, 1 year & 3 year returns. Now, lets have a detailed review of best medium to long term funds in India.
What is Medium to Long duration Funds?
Medium to Long Term Funds are mutual funds which select either bonds or debts for investment having average maturity period between 4 to 7 years which is known as Macaulay duration.
The longer the duration, the higher returns would be provided to the investors. Still, they are more sensitive to the changes in the interest rate.
There are various advantages associated with this type of funds:
- They invest in securities to provide investor a fixed income
- These are a smart investment option for investors who invest in low-risk bonds
- They are well-regulated funds
- They are managed professionally
- The investment in such funds are low to medium
- These funds help in diversification of the risks
- They also help in tax saving
Invest in Best Medium to Long Term Funds in India – Fill up the Form Below
Top 10 Medium to Long-Duration Funds
The top 10 medium to long duration funds are:
| Rank | Name of the Fund | Return in 1 Year | Return in 3 Year |
| 1 | ICICI Pru Advisor Series-Debt Management Direct-G | 6.05% | 8.19% |
| 2 | SBI Magnum Income Direct-G | 3.78% | 7.97% |
| 3 | UTI Bond Direct-G | 2.32% | 7.26% |
| 4 | IDFC Bond Income Direct-G | 3.68% | 7.25% |
| 5 | Canara Robeco Income Direct-G | 4.02% | 7.08% |
| 6 | Reliance Income Direct-G | 3.30% | 7.07% |
| 7 | Aditya Birla SL Income Direct-G | 2.99% | 6.94% |
| 8 | Tata Income Direct-G | 2.42% | 6.69% |
| 9 | Kotak Bond Direct-G | 3.04% | 6.45% |
| 10 | HDFC Income Direct-G | 1.72% | 6.22% |
Description of Best Medium to Long Term Funds
Let us know in detail about these Top 10 medium to long duration funds:
ICICI Pru Advisor Series-Debt Management Direct-G
These are known as a fund of funds scheme which seeks to provide long term capital appreciation from a portfolio where investment is done in Exchange Traded Funds and various debt schemes such as ICICI Prudential Nifty Low Vol 30 ETF, BHARAT 22 ETF, ICICI Prudential Nifty ETF, ICICI Prudential Liquid Fund and so on.
However, there is no assurance for the investors to get a significant amount of return from such investment.
These are open-ended growth-related investment plan which was launched on 1st of January 2013 and has an asset size of Rs.219.62 crore and requires a minimum investment of Rs.5000. It has a benchmark of CRISIL Composite Bond Fund. The return of these funds as of 7th January 2021 are:
| Period | Return |
| 6 month | 3.5 |
| 1 year | 6.2 |
| 3 years | 7.9 |
SBI Magnum Income Direct-G
This scheme helps the investor to get regular income by doing investment in money market and debt related instruments in the Macaulay duration.
However, there is no guarantee for investors to achieve success or return from such investment. It is open-ended growth-related investment plan which was launched on 1st January 2013.
It has a Benchmark of CRISIL Composite Bond Fund with a minimum investment of Rs.5000 and asset size of Rs.318.12 crore. The return of these funds as of 7th January 2021 are:
| Period | Return |
| 6 month | 4.0 |
| 1 year | 5.1 |
| 3 years | 8.5 |
UTI Bond Direct-G
The major emphasis of this scheme is to generate optimal returns with adequate liquidity by doing investment in money and debt market instruments as per the Macaulay duration of 4 to 7 years.
Still, there is no guarantee for the investors to get a good return from such funds. This fund was launched on 1st January 2013 and are growth related open-ended funds.
It has a Benchmark of CRISIL Composite Bond Fund with the requirement of a minimum investment of Rs.1000. It has an asset size of Rs.227.98 crore as per 30th September 2018. The return of these funds as of 7th January 2021 are:
| Period | Return |
| 6 month | 3.0 |
| 1 year | 4.1 |
| 3 years | 7.6 |
Invest in Best Medium to Long Term Funds in India – Fill up the Form Below
IDFC Bond Income Direct-G
This scheme invests in diversified debt and money market securities with the aim of providing optimal returns for longer duration that too for more than 7 years.
It is open-ended growth investment plan which was launched on 1st February 2013 with Benchmark of CRISIL Composite Bond Fund.
It requires a minimum investment of Rs.5000 and its asset size is Rs.68.83 crore. As of 7th January 2021, the return for such investment would be:
| Period | Return |
| 6 month | 5.8 |
| 1 year | 6.3 |
| 3 years | 7.9 |
Canara Robeco Income Direct-G
These schemes generate capital and income appreciation using portfolio which constitutes of medium to long term debt and money market securities. Nevertheless, there is no respite for the investors as there is no assurance to them over a significant return.
These are open-ended growth fund which was launched on 1st February 2013 with Benchmark of CRISIL Composite Bond Fund. It requires a minimum investment of Rs.5000 with asset size of Rs.15.56 crore. As of 7th January 2021, the return for such investment would be:
| Period | Return |
| 6 month | 4.2 |
| 1 year | 5.4 |
| 3 years | 7.7 |
Reliance Income Direct-G
This scheme generates an optimal return which is consistent with the risk that too at a moderate level. In the capital appreciation of the portfolio, the income has been effectively complemented.
Besides, the investment would be done in money and debt market instruments. It was launched on 1st January 2013 and is an open-ended growth investment plan.
Its Benchmark is CRISIL Composite Bond Fund and has an asset size of Rs.62.24 crore with a minimum investment of Rs.5000. As of 7th January 2021, the return for such investment would be:
| Period | Return |
| 6 month | 5.8 |
| 1 year | 6.0 |
| 3 years | 8.0 |
Aditya Birla SL Income Direct-G
Aditya Birla Sunlife Income Direct-G fund is an open-ended income scheme which his helpful in the generation of income via high investment yields at moderate risk level using diversified investment approach.
It has been complemented in the portfolio instruments due to changes in price. This is an open-ended growth investment plan which was launched on 1st February 2013.
It has a Benchmark of CRISIL Composite Bond Fund with a minimum investment of Rs.5000 and asset size of Rs.397.08 crore. As of 7th January 2021, the return for such investment would be:
| Period | Return |
| 6 month | 5.4 |
| 1 year | 5.2 |
| 3 years | 7.9 |
Tata Income Direct-G
The major objective of this scheme is to provide either income distribution or capital appreciation from period of medium to long term. It is an open-ended growth investment plan and was launched on 1st February 2013.
It has an asset size of Rs.20.46 crore as of 30th September 2021 and requires a minimum investment of Rs.5000. As of 7th January 2021, the return for such investment would be:
| Period | Return |
| 6 month | 3.4 |
| 1 year | 3.6 |
| 3 years | 6.9 |
Kotak Bond Direct-G
The objective of this scheme is the creation of a portfolio of money market as well as debt instruments of varied maturities. This helps in diversifying the risks and provide a different kind of issuers in the debt market.
These are open-ended growth related plan which was launched on 1st January 2013 with Benchmark of CRISIL Composite Bond Fund.
It requires a minimum investment of Rs.5000 with asset size of Rs.704.12 crore. As of 7th January 2021, the return for such investment would be:
| Period | Return |
| 6 month | 4.4 |
| 1 year | 5.3 |
| 3 years | 7.3 |
HDFC Income Direct-G
The objective of this scheme is to do investment in money market and debt instruments which would help in the generation of income.
However, there is no assurance to investors for achieving a significant result. It is open-ended growth fund type which was launched on 1st January 2013. This fund has a Benchmark of CRISIL Composite Bond Fund.
It requires a minimum investment of Rs.5000 and has an asset size of Rs.364.3 crore. As of 7th January 2021, the return for such investment would be:
| Period | Return |
| 6 month | 3.9 |
| 1 year | 3.4 |
| 3 years | 6.8 |
Invest in Best Medium to Long Term Funds in India – Fill up the Form Below
Most Read Articles