HDFC Medium Term Fund Direct Growth NAV today
AMFI: 119081ISIN: INF179K01WI9MUTF_IN: HDFC_MEDI_TERM_ICUIZTHDFC Mutual FundMedium Duration funds
Formerly HDFC Medium Term Debt Fund
NAV ₹65.8133down ₹0.09 (0.14%)
NAV for 22 Oct 2026, against 21 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹3,499 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 0.70%18 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought.
- None
- Yield to maturityYield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each.
- 8.64%30 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Moderately HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 6530 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 6 Feb 2002
HDFC Medium Term Fund returns
Direct Growth plan
Over each window to 22 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | −0.23% | – | – | – | – |
| 1 month | −0.36% | – | 2 of 13 | −0.77% | −0.9% to −0.5% |
| 3 months | +0.44% | – | 2 of 13 | +0.17% | −0.4% to +0.2% |
| 6 months | +2.57% | – | 2 of 13 | +2.41% | +1.7% to +2.5% |
| 1 year | +5.25% | +2.80%to 30 Sep 2026 | 4 of 13 | +4.95% | +3.4% to +5.3% |
| 3 years | +7.70% | +6.39%to 30 Sep 2026 | 6 of 13 | +7.52% | +6.9% to +8.2% |
| 5 years | +6.65% | +5.31%to 30 Sep 2026 | 6 of 13 | +6.62% | +6.0% to +7.1% |
| 10 years | +7.33% | +6.64%to 30 Sep 2026 | 5 of 11 | +7.33% | +6.3% to +7.7% |
₹10,000 put in on 1 Jan 2013 is ₹29,020 at the NAV of 22 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: NIFTY Medium Duration Debt Index A-III, over the same days as the fund, or to the month end its cell names. Rank, median and middle half among the Direct plans of Medium Duration funds, each fund's return to its latest NAV on or before 22 Oct 2026.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 1 year | +6.39% | +2.80% |
| 3 years | +7.81% | +6.39% |
| 5 years | +6.72% | +5.31% |
| 10 years | +7.45% | +6.64% |
| Since launch | +8.08% | +7.43% |
Benchmark: NIFTY Medium Duration Debt Index A-III. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
Highest year to Dec 2016, +12.0%; lowest year to Dec 2022, +3.6%
Rolling returns
Per cent a year, every window from 1 Jan 2013 to 22 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year3,093 windows+2.1%+8.2%+13.2%100.0%
3 years2,616 windows+5.5%+8.1%+11.3%100.0%
5 years2,133 windows+6.6%+7.9%+9.5%100.0%
10 years922 windows+7.3%+8.0%+8.5%100.0%
Every 1, 3, 5 and 10-year window ended higher than it started.
HDFC Medium Term Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 22 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,23,066₹1,23,060 after stamp duty | +5.01% | +5.00% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,98,484₹3,98,464 after stamp duty | +6.82% | +6.82% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,17,034₹7,16,998 after stamp duty | +7.13% | +7.13% | ₹30 | |
| 10 years120 instalments | ₹12,00,000 | ₹17,39,741₹17,39,694 after stamp duty | +7.25% | +7.25% | ₹38 | |
| Since Jan 2013166 instalments | ₹16,60,000 | ₹28,80,317₹28,80,269 after stamp duty | +7.61% | +7.61% | ₹38 |
Risk ratios
NAV to 22 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Medium Duration funds (13 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.1.61%
1.47%Lowest1.75%Average2.09%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.0.27%
0.15%Lowest0.34%Average0.53%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.1.03
−0.07Lowest0.96Average2.01Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.2.03
−0.10Lowest2.15Average6.65Highest
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1 and 3 years | −0.61% | 11 Mar 2026 | 2 Apr 2026 | 8 Apr 2026 |
| 5 years | −1.92% | 7 Apr 2022 | 6 May 2022 | 1 Aug 2022 |
| 10 years | −2.72% | 6 Mar 2020 | 19 Mar 2020 | 18 Jun 2020 |
| Since Jan 2013 | −3.47% | 19 Jun 2013 | 19 Aug 2013 | 7 Oct 2013 |
HDFC Medium Term Fund portfolio
Portfolio disclosed for 30 Sep 2026.
- Yield to maturityYield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each.
- 8.64%Lines stating a yield: 99.85% of the bond book
- Yield after expensesYield after expenses. The yield to maturity less the plan's expense ratio.
- 7.94%Direct plan
- Maturity date knownMaturity date known. The share of the bond book, perpetual bonds left out, whose repayment date is known: the bonds the durations and the maturity profile are taken over.
- 99.23%Of the bond book, perpetual bonds left out
- Perpetual bondsPerpetual bonds. Bonds with no maturity date: the issuer pays interest with no fixed day to repay. Their share of the bond book; they are in no duration and no maturity window.
- 1.51%Of the bond book
The bond book is the fund's bonds, bills and overnight lending.
Holdings on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Yield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | ||||
|---|---|---|---|---|---|---|
| Siddhivinayak Securitisation Trust (Originator - Sikka Ports & Terminals Limited)^CRISIL - AAA(SO), 7.80% coupon, repaid 28 Sep 2030 | Bonds and bills | 4.78% | 167.31 | 175 | 8.20% | Sep 2025 |
| GMR Airports Limited^CRISIL - AA-, repaid 13 Feb 2027 | Bonds and bills | 4.55% | 159.33 | 15,000 | 9.38% | Aug 2025 |
| National Bank for Agri & Rural Dev.CRISIL - AAA, 7.48% coupon, repaid 15 Sep 2028 | Bonds and bills | 3.55% | 124.31 | 12,500 | 7.79% | Aug 2026 |
| 182 Days TBILL MAT 180327^Sovereign, repaid 18 Mar 2027 | Bonds and bills | 3.48% | 121.74 | 1,25,00,000 | 5.81% | Sep 2026 |
| Jubilant Beverages Limited^CRISIL - AA, repaid 31 May 2028 | Bonds and bills | 3.43% | 120.07 | 10,720 | 9.06% | Jun 2025 |
| SK FINANCE LIMITED^ICRA - AA-, repaid 15 Jul 2027 | Bonds and bills | 2.86% | 99.93 | 10,000 | 9.36% | Apr 2025 |
| Small Industries Development Bank^CRISIL - AAA, 7.83% coupon, repaid 24 Nov 2028 | Bonds and bills | 2.86% | 99.97 | 10,000 | 7.83% | Jun 2026 |
| Kalpataru Projects International Ltd^IND - AA+, repaid 11 Jun 2027 | Bonds and bills | 2.85% | 99.85 | 10,000 | 8.38% | Jun 2024 |
| SBFC Finance Limited^IND - AA-, repaid 13 May 2027 | Bonds and bills | 2.84% | 99.24 | 10,000 | 9.97% | May 2024 |
| Kosamattam Finance Limited^IND - A, repaid 16 Mar 2029 | Bonds and bills | 2.80% | 98.05 | 10,000 | 11.43% | Jan 2026 |
| Shivshakti Securitisation Trust (Originator - Sikka Ports & Terminals Limited)^CRISIL - AAA(SO), 7.73% coupon, repaid 28 Sep 2029 | Bonds and bills | 2.73% | 95.50 | 100 | 8.14% | Sep 2025 |
| MAS Financial Services Ltd.^CARE - AA-, repaid 15 Jun 2027 | Bonds and bills | 2.72% | 95.31 | 9,500 | 9.11% | Jul 2025 |
| JTPM Metal Traders Limited^CRISIL - AA, repaid 29 Sep 2028 | Bonds and bills | 2.31% | 80.93 | 7,500 | 8.82% | Sep 2025 |
| Triumph Composites Private Limited^IND - AA-, repaid 27 Apr 2031 | Bonds and bills | 2.28% | 79.89 | 8,050 | 11.28% | Aug 2026 |
| Truhome Finance Limited^IND - AA, repaid 27 Aug 2027 | Bonds and bills | 2.15% | 75.13 | 7,500 | 8.33% | Feb 2025 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| Net Current Assets | 1.83% | 63.83 |
| TREPS - Tri-party Repo | 0.14% | 4.79 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 4.78%Siddhivinayak Securitisation Trust (Originator - Sikka Ports & Terminals Limited)^
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 19.79%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 34.00%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 43.5Taken over 98.03% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Bonds and bills93.11%
- REIT and InvIT units4.56%
- Units of other funds0.36%
- Cash and receivables1.97%
Per cent of the fund's net assets.
Credit rating
Credit rating. A rating agency's grade for how likely the borrower is to repay on time: AAA down to D for loans of over a year, A1+ down to A4 for loans of under a year, two scales that are never compared.Loans of over a year
- Sovereign9.06%
- AAA29.16%
- AA50.05%
- A2.80%
Loans of under a year
- A1+2.04%
Other
- Overnight lending0.14%
Per cent of the fund's net assets. A grade is stated for 100.00% of the bonds.
Maturity profile
Maturity profile. The fund's bonds grouped by how long until each is repaid, as a share of the fund's net assets; a bond with no known maturity date is left off.- Up to 1 month0.14%
- 1 to 3 monthsNone
- 3 to 6 months8.03%
- 6 to 12 months19.04%
- 1 to 3 years36.27%
- 3 to 5 years15.27%
- 5 to 10 years10.30%
- Over 10 years2.08%
Per cent of the fund's net assets, over the bonds whose maturity date is known; perpetual bonds have none.
- Largest borrowerLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 5.66%National Bank for Agriculture and Rural Development
- Top 5 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 21.52%
- Top 10 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 35.73%
Per cent of the fund's net assets. Lent outside the government: 84.05% of the fund, to 38 borrowers; the borrower is named for 97.47% of it, its group for 52.09%.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 510.43% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 47.71% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 1
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 1
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 58
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 7.71%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 13.78%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| 7.18% GOI MAT 240737 | Trimmed | 0.01% | 3.68% | −3.67 pts | −1,30,00,000 |
| 182 Days TBILL MAT 180327^ | New | 3.48% | 0.00% | +3.48 pts | +1,25,00,000 |
| 6.68% GOI MAT 070740 | Sold out | – | 2.96% | −2.96 pts | −1,10,40,000 |
| 7.23% GOI MAT 150439^ | Sold out | – | 2.96% | −2.96 pts | −1,05,00,000 |
| 6.94% GOI MAT 110536 | New | 2.11% | 0.00% | +2.11 pts | +75,00,000 |
| Union Bank of India^ | New | 2.04% | 0.00% | +2.04 pts | +1,500 |
| National Bank for Agri & Rural Dev. | Added | 3.55% | 2.08% | +1.47 pts | +5,000 |
| Veritas Finance Limited^ | New | 1.41% | 0.00% | +1.41 pts | +5,000 |
| 7.47% Gujarat SDL - Mat 270836^ | New | 1.39% | 0.00% | +1.39 pts | +50,00,000 |
| TMF Holdings Ltd. (Perpetual)^ | Sold out | – | 1.39% | −1.39 pts | −500 |
| 7.25% GOI MAT 120663 | Sold out | – | 0.40% | −0.40 pts | −15,00,000 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| Axis Medium Term FundAxis Mutual Fund | 14.22% | 14 |
| HSBC Medium Term FundHSBC Mutual Fund | 12.69% | 6 |
| ICICI Prudential Medium Term FundICICI Prudential Mutual Fund | 11.22% | 10 |
| SBI Medium Term FundSBI Mutual Fund | 10.83% | 9 |
| Aditya Birla Sun Life Medium Term FundAditya Birla Sun Life Mutual Fund | 9.45% | 8 |
| Kotak Medium Term FundKotak Mahindra Mutual Fund | 8.84% | 7 |
| Nippon India Medium Term FundNippon India Mutual Fund | 6.46% | 4 |
| Invesco India Medium Term FundInvesco Mutual Fund | 3.94% | 3 |
| Bandhan Medium Term FundBandhan Mutual Fund | 3.56% | 2 |
| UTI Medium Term FundUTI Mutual Fund | 3.09% | 2 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | |
|---|---|
| HDFC Credit Risk FundHDFC Mutual Fund | 45.16% |
| HDFC Floating Interest Rates FundHDFC Mutual Fund | 18.27% |
| HDFC Short Term FundHDFC Mutual Fund | 13.89% |
| HDFC Medium to Long Term FundHDFC Mutual Fund | 8.69% |
| HDFC Ultra Short to Short Term FundHDFC Mutual Fund | 7.71% |
| HDFC Dynamic Term FundHDFC Mutual Fund | 6.94% |
| HDFC Banking and PSU Debt FundHDFC Mutual Fund | 6.61% |
| HDFC Corporate Bond FundHDFC Mutual Fund | 6.22% |
| HDFC Ultra Short Term FundHDFC Mutual Fund | 5.87% |
| HDFC Gilt FundHDFC Mutual Fund | 2.53% |
As the fund house states it, for Sep 2026.
HDFC Medium Term Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 0.60 ptsA year, on 18 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 0.70%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 1.30%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan at its highest since Oct 2018 in the latest month.Direct plan lowest 0.49%, Jun 2021.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.59% | 1.11% |
| Brokerage | None | None |
| Transaction costs | None | None |
| Statutory levies | 0.11% | 0.19% |
Per cent of assets a year, filed for 18 Oct 2026. The parts add up to that day's total.
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹100
- Minimum top-up
- ₹100
- Minimum redemption
- ₹100
- SIP
- Accepted
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
As listed for this plan on 23 Oct 2026.
HDFC Medium Term Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹3,602 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 46.2%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹4,313 Cr, quarter to Sep 2023.
Assets at each month end
Highest ₹4,333 Cr, Aug 2023.Lowest ₹908 Cr, May 2020.
HDFC Medium Term Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Bhavyesh DivechaFund Manager of the scheme | Mar 2025 | +7.24%a year | – | – | 13.3% | 16.7% | 3 | ₹11,160 Cr |
| Praveen JainCO-Fund Manager of the scheme | Mar 2026 | +3.63%over 221 days | – | – | 8.2% | 7.1% | 7 | ₹72,044 Cr |
| Anil BamboliCO-Fund Manager of the scheme | Mar 2026 | +3.63%over 221 days | – | – | 8.2% | 7.1% | 15 | ₹2,14,749 Cr₹2,626 Cr alone |
| Gopal AgrawalFund Manager for Overseas Investments | Sep 2026 | +0.12%over 45 days | – | – | – | – | 46 | ₹8,22,736 Cr |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| HDFC Credit Risk FundBhavyesh Divecha | Mar 2026 | +3.98%over 221 days | – | – | ₹7,631 Cr |
| HDFC Income Plus Arbitrage Omni FOFBhavyesh Divecha | Mar 2026 | +4.25%over 218 days | – | – | ₹30 Cr |
| HDFC Money Market FundPraveen Jain | Aug 2024 | +7.18%a year | – | – | ₹27,624 Cr |
| HDFC Ultra Short to Short Term FundPraveen Jain | Oct 2022 | +7.38%a year | – | – | ₹16,513 Cr |
| HDFC Ultra Short Term FundPraveen Jain | Aug 2024 | +6.99%a year | – | – | ₹15,675 Cr |
| HDFC Credit Risk FundPraveen Jain | Mar 2026 | +3.98%over 221 days | – | – | ₹7,631 Cr |
| HDFC Crisil-IBX Financial Services 9-12 Months Debt Index FundPraveen Jain | Mar 2026 | +4.06%over 206 days | – | – | ₹1,073 Cr |
| HDFC Income Plus Arbitrage Omni FOFPraveen Jain | Mar 2026 | +4.25%over 218 days | – | – | ₹30 Cr |
| HDFC Balanced Advantage FundAnil Bamboli | Jul 2022 | +14.17%a year | – | – | ₹1,02,534 Cr |
| HDFC Arbitrage FundAnil Bamboli | Feb 2022 | +6.91%a year | – | – | ₹25,509 Cr |
Up to ten funds a manager, largest first. Returns are the direct plan's.
HDFC Medium Term Fund dividend history
Paid through the IDCW (income distribution cum capital withdrawal) option, once called a dividend.
Changes to the fund
Newest first.
2026
- 30 SepCategoryCategory: Debt / Medium Duration to Debt / Medium Term
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
2022
- 30 AprBenchmarkBenchmark: NIFTY Medium Duration Debt Index to NIFTY Medium Duration Debt Index A-III
2019
- 31 OctBenchmarkBenchmark: CRISIL Short Term Bond Index to NIFTY Medium Duration Debt Index
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Oct 2024 to Aug 202623 months | Moderately High | ModerateNIFTY Medium Duration Debt Index A-III |
| Mar 2024 to Sep 20247 months | Moderate | ModerateNIFTY Medium Duration Debt Index A-III |
| Apr 2023 to Feb 202411 months | Moderate | HighNIFTY Medium Duration Debt Index A-III |
| Apr 2022 to Mar 202312 months | Moderately High | HighNIFTY Medium Duration Debt Index A-III |
| Mar 20221 month | Moderately High | NIFTY Medium Duration Debt Index A-III |
| Oct 2021 to Feb 20225 months | Moderately High | ModerateNIFTY Medium Duration Debt Index |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Fund details
Objective
To generate income/capital appreciation through investments in Debt and Money Market Instruments. There is no assurance that the investment objective of the Scheme will be achieved
Asset allocation
Debt (including securitised debt) and Money Market Instruments^ : Upto 100%; ^Portfolio Macaulay Duration shall be between 3 years to 4 years in normal circumstances and 1 year to 4 years in anticipated adverse situation. For detailed asset allocation, refer Scheme Information Document (SID) available on the website.
Type of scheme
An open ended medium term debt scheme investing in instruments such that the Macaulay Duration of the portfolio is between 3 to 4 years. A Relatively High Interest Rate Risk and Relatively High Credit Risk.
- Stated category
- Medium Term Fund
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- Nifty Medium Duration Debt Index A-III
- Potential risk classPotential risk class. The most risk a debt fund says it may take, as a letter and a numeral: the letter is credit risk, from A (relatively low) to C (relatively high), and the numeral is interest rate risk, from I (relatively low) to III (relatively high).
- C-III
- New fund offer
- 6 Feb 2002 to 6 Feb 2002
- Units first allotted
- 6 Feb 2002
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 119081 | INF179K01WI9 | HDFC_MEDI_TERM_ICUIZT | 1 Jan 2013 | |
| Regular Growth | 101989 | INF179K01913 | HDFC_MEDI_TERM_1GTEBHQ | 3 Apr 2006 | |
| Direct IDCW | 119080 | INF179KA1NP8 | INF179KA1NO1 | HDFC_MEDI_TERM_1J01MH0 | 1 Jan 2013 |
| Regular IDCW | 101990 | INF179K01897 | INF179K01905 | HDFC_MEDI_TERM_11Z5VDM | 3 Apr 2006 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- HDFC MF Factsheet - September 2026 (opens in a new tab)HDFC Mutual Fund, Sep 2026
Statement of additional information
- SAI HDFC Mutual Fund (opens in a new tab)HDFC Mutual Fund, Oct 2026
Annual report
- HDFC Mutual Fund - Trustee Report- FY- 2025- 2026 (opens in a new tab)HDFC Mutual Fund, Mar 2026
- HDFC Flexi Cap Fund - Auditor's Report, Balance Sheet, Revenue Account & Schedules (Scheme Financials) (opens in a new tab)HDFC Mutual Fund, Mar 2026
- HDFC Flexi Cap Fund - Notes to Accounts (Scheme Financials) (opens in a new tab)HDFC Mutual Fund, Mar 2026
- HDFC ELSS - Tax Saver Fund - Auditor's Report, Balance Sheet, Revenue Account & Schedules (Scheme Financials) (opens in a new tab)HDFC Mutual Fund, Mar 2026
Riskometer disclosure
- Annual Disclosure of Riskometers - HDFC MF - as at March 31, 2026 - Final (opens in a new tab)HDFC Mutual Fund, Mar 2026
- Annual Disclosure of Riskometers - HDFC MF - as at March 31, 2026 (opens in a new tab)HDFC Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap 30 Sep (opens in a new tab)HDFC Mutual Fund, Sep 2026