This is the Regular plan of HDFC Medium to Long Term Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★★☆☆3/5 vs 12 Medium to Long Term Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Medium to Long Term Fund (same plan and option).
3Y CAGR +6.09% · ranks 3 of 12 Medium to Long Term Funds
Volatility 2.3% vs 2.0% category avg
1.4% expense vs 1.3% category avg
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- More volatile than its Medium to Long Term Fund peers (2.3% vs 2.0%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Medium to Long Term Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -0.51% | -0.41% | -0.10% |
| 3M abs | -0.88% | -0.60% | -0.28% |
| 6M abs | +3.73% | +3.28% | +0.45% |
| 1Y CAGR | +2.77% | +3.03% | -0.26% |
| 3Y CAGR | +6.09% | +5.86% | +0.23% |
| 5Y CAGR | +4.79% | +5.09% | -0.30% |
Category average across peers in Medium to Long Term Fund (up to 12 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 12 peers in Medium to Long Term Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into HDFC Medium to Long Term Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +2.29% | |
| 2025 | +5.51% | |
| 2024 | +8.99% | |
| 2023 | +6.06% | |
| 2022 | +0.90% | |
| 2021 | +2.14% | |
| 2020 | +9.27% | |
| 2019 | +8.73% | |
| 2018 | +3.59% | |
| 2017 | +1.30% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt87.49%
- Cash & Equivalents11.63%
- Real Estate / REITs0.55%
- Other0.33%
AMC Profile
HDFC Mutual Fund is run by HDFC Asset Management, part of the HDFC Bank group and listed on the exchanges since 2018. It has been in business since 1999, absorbed Zurich India's schemes in 2003, and is consistently among the two or three largest fund houses by assets.
Fund Managers
AJAnupam JoshiManaging since 07 Mar 2026
Fund Manager - Fixed Income
• PGDBM Finance from Chetana’s Institute of Management & Research
Collectively over 19 years experience in Fund management, research and dealing • October 2015 till Date: HDFC Asset Management Company Limited • August 2008 till September 2015: IDFC Asset Management Company Limited Last Position Held: Director - Investments
- HDFC Aggressive Hybrid Fund
- HDFC Corporate Bond Fund
- HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
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- HDFC Liquid Fund
- HDFC Nifty G-Sec Apr 2029 Index Fund
- HDFC Nifty G-Sec Dec 2026 Index Fund
- HDFC Nifty G-Sec July 2031 Index Fund
- HDFC Nifty G-Sec Jun 2027 Index Fund
- HDFC Nifty G-Sec Jun 2036 Index Fund
- HDFC Nifty G-Sec Sep 2032 Index Fund
- HDFC Nifty SDL Oct 2026 Index Fund
- HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund
- HDFC Ultra Short to Short Term Fund
- HDFC Gold ETF - Growth Option
- HDFC Long Term Fund - Direct Plan - Growth Option
GAGopal AgrawalManaging since 01 Sep 2026
• B.E., • MBM • B.E (Jadavpur University)
Collectively over 22 years experience in Fund Management and 2.5 years in Equity Research • July 9, 2020 till Date: HDFC Asset Management Company Limited • July 23, 2018 till June 30, 2020: DSP Investment Managers Private Limited Last Position Held: Senior Fund Manager and Head-Macro strategy • April 03, 2017 till July 16, 2018: TATA Asset Management Company Limited Last Position Held: CIO-Equity • October 01, 2007 till March 31, 2017: Mirae Asset Global Investments (India) Pvt. Ltd.. Last Position Held: CIO-Equity and Chief Strategist
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Debt funds
Debt funds lend to governments and companies and earn interest. They're generally steadier than equity funds and are used for shorter horizons and stability.
Frequently asked questions
What is the NAV of HDFC Medium to Long Term Fund?
As of 05 Oct 2026, the NAV of HDFC Medium to Long Term Fund is ₹60.21 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has HDFC Medium to Long Term Fund delivered?
HDFC Medium to Long Term Fund has returned +2.77% over 1 year, +6.09% per year over 3 years, +4.79% per year over 5 years and +6.64% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of HDFC Medium to Long Term Fund?
HDFC Medium to Long Term Fund charges an expense ratio of 1.36% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of HDFC Medium to Long Term Fund?
HDFC Medium to Long Term Fund's largest holdings are 7.24% GOI MAT 180855 (17.4%), Small Industries Development Bank (5.9%), 6.9% GOI MAT 150465 (5.5%), 7.23% GOI MAT 150439 (4.9%) and HDB Financial Services Ltd. (4.2%). Holdings are disclosed monthly and change over time.
How risky is HDFC Medium to Long Term Fund?
HDFC Medium to Long Term Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.3% and its worst peak-to-trough fall in our sample was -10.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of -0.17 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HDFC Medium to Long Term Fund's -0.17 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of HDFC Medium to Long Term Fund?
HDFC Medium to Long Term Fund is benchmarked against the CRISIL Medium To Long Duration Debt A-III Index. Its alpha and beta on this page are measured against that index.
Who manages HDFC Medium to Long Term Fund?
HDFC Medium to Long Term Fund is managed by Anupam Joshi and Gopal Agrawal at HDFC.
How is HDFC Medium to Long Term Fund taxed?
HDFC Medium to Long Term Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.