DebtMedium Duration FundRegularIDCWModerate

SBI Medium Duration Fund

Q: What is the NAV of SBI Medium Duration Fund?

As of 20 Aug 2026, the NAV of SBI Medium Duration Fund is ₹21.27 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has SBI Medium Duration Fund delivered?

SBI Medium Duration Fund has returned +6.66% over 1 year, +7.41% per year over 3 years, +6.35% per year over 5 years and +3.57% 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.

Q: What is the expense ratio of SBI Medium Duration Fund?

SBI Medium Duration Fund charges an expense ratio of 1.22% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of SBI Medium Duration Fund?

Its largest holdings are GOVERNMENT OF INDIA 36185 GOI 07JL40 6.68 FV RS 100 (6.4%), GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100 (5.5%), GODREJ PROPERTIES LIMITED SR I 8.30 LOA 19MR27 FVRS1LAC (4.7%), JSW Kalinga Steel Ltd. (4.3%) and GOI Sec 7.18 14/08/2033 (3.9%). Holdings are disclosed monthly and change over time.

Q: How risky is SBI Medium Duration Fund?

It is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.2% and its worst peak-to-trough fall in our sample was -15.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.75 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Medium Duration Fund's 0.75 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of SBI Medium Duration Fund?

SBI Medium Duration Fund is benchmarked against the NIFTY Medium Duration Debt Index A-III. Its alpha and beta on this page are measured against that index.

Q: Who manages SBI Medium Duration Fund?

SBI Medium Duration Fund is managed by Lokesh Mallya, Pradeep Kesavan and Mohit Jain at SBI.

Q: How is SBI Medium Duration Fund taxed?

SBI Medium Duration 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.

SBI Mutual Fund · Best Medium Duration Mutual Funds

This is the Regular plan of SBI Medium Duration Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

NAV

₹21.27

-0.16% 1D

as of 20 Aug 2026

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NAV history

+6.74%CAGR

52-week rangePrev NAV ₹21.30

Latest ₹21.27

Low ₹19.9097th percentile of its 52-week rangeHigh ₹21.32

Scorecard

★★★★★5/5 vs 27 of 26 Medium Duration 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 Duration Fund (same plan and option). 27 of the 26 Medium Duration Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceStrong

3Y CAGR +7.41% · ranks 2 of 26 Medium Duration Funds

RiskLow

Volatility 1.2% vs 3.5% category avg

CostAverage

1.2% expense vs 1.3% category avg

ConsistencyHigh

96% 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

Ahead of the Medium Duration Fund average on 3M/6M/1Y — 1Y by 5.81pp
3-year return (+7.41%) beats the Medium Duration Fund average (+1.86%)
5-year return (+6.35%) beats the Medium Duration Fund average (+2.12%)
Ranks #2 of 26 on 1-year return in its Medium Duration Fund cohort
Less volatile than its Medium Duration Fund peers (1.2% vs 3.5%)

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

Category 1.30%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.75

Category -1.68▲2.43

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

Exit Load

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Smallest recurring SIP instalment the scheme accepts

Smallest one-time (lumpsum) investment the scheme accepts

Benchmark

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Apr 2006

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.66%

Absolute return over the last 3 months (not annualized)

+3.21%

Absolute return over the last 6 months (not annualized)

+3.49%

Absolute return since 1 Jan of this year (not annualized)

+4.19%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+6.66%

3-year annualized return (CAGR)

+7.41%

5-year annualized return (CAGR)

+6.35%

10-year annualized return (CAGR)

+5.39%

Annualized return (CAGR) since the fund's inception

+3.57%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.20%

Excess return per unit of total volatility (rf = 6.5%)

0.75

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

1.10

Largest peak-to-trough decline over full history

-15.50%

Benchmark ratios

Not shown for Medium Duration Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Medium Duration Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.66%	+0.18%	+0.48%
3M abs	+3.21%	+1.80%	+1.41%
6M abs	+3.49%	-0.45%	+3.94%
1Y CAGR	+6.66%	+0.85%	+5.81%
3Y CAGR	+7.41%	+1.86%	+5.55%
5Y CAGR	+6.35%	+2.12%	+4.23%

Category average across peers in Medium Duration Fund (up to 26 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 26 peers in Medium Duration Fund

1Y return

+6.66%

Beats 96.2% · rank #2

3Y return

+7.41%

Beats 96.2% · rank #2

5Y return

+6.35%

Beats 95.8% · rank #2

Sharpe

0.75

Beats 96.2% · rank #2

Sortino

1.10

Beats 96.2% · rank #2

Rolling returns

Return for every possible 1Y holding period, not just today’s

Average

+3.6%

Median

+3.8%

Best

+17.5%

Worst

-12.9%

Positive periods

79.4%

233 overlapping 1Y windows, sampled monthly across the fund’s history.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.14L

Absolute

+19.02%

XIRR

+7.12%

Value vs. invested

60 monthly installments of ₹10,000 into SBI Medium Duration 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	+4.23%
2025	+7.46%
2024	+8.11%
2023	+7.24%
2022	+3.42%
2021	+3.84%
2020	+12.27%
2019	+4.59%
2018	+1.38%
2017	+0.15%

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.

History points

4,945

Expense ratio

AUM

Portfolio turnover

Exit load

Taxation

Taxed as debt

This 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.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

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.

Peer comparison · Medium Duration Fund

Compare all


SBI Medium Duration FundThis fund SBI	★★★★★	+6.66%	+7.41%	+6.35%	—	1.22%	₹6,442Cr
Kotak Medium Term Fund Kotak Mahindra	★★★★★	+6.76%	+8.10%	+6.49%	—	—	—
Bandhan Medium Duration Fund Bandhan	★★★★☆	+5.48%	+6.85%	+5.32%	—	—	₹87.06L
Invesco India Medium Duration Fund Invesco	★★★★★	+4.70%	+6.61%	+5.27%	—	—	₹6.55L
UTI Medium Duration Fund UTI	★★★★☆	+4.89%	+6.46%	+5.33%	—	—	₹1.55L
UTI Medium Duration Fund UTI	★★★★☆	+4.89%	+6.45%	+6.07%	—	1.48%	₹36.58Cr

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-15.5%07 Jan 2008 → 24 Oct 2008
Fell over 10 months, back to the old high on 15 Sep 2009 — 11 months under water after the low.
-7.6%17 May 2013 → 28 Aug 2013
Fell over 3 months, back to the old high on 24 Mar 2014 — 7 months under water after the low.
-7.3%22 Sep 2009 → 30 Dec 2011
Fell over 2.3 years, back to the old high on 29 Nov 2012 — 11 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹6,442Cr

April - June 2026

-5%

since January - March 2026

Down +5% from its peak of ₹6,782Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

SBI in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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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 money to governments and companies and earn interest. They're generally steadier than equity funds; their risk comes from interest-rate moves and, for some, the creditworthiness of borrowers.

Frequently asked questions

What is the NAV of SBI Medium Duration Fund?

As of 20 Aug 2026, the NAV of SBI Medium Duration Fund is ₹21.27 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has SBI Medium Duration Fund delivered?

SBI Medium Duration Fund has returned +6.66% over 1 year, +7.41% per year over 3 years, +6.35% per year over 5 years and +3.57% 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 SBI Medium Duration Fund?

SBI Medium Duration Fund charges an expense ratio of 1.22% 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 SBI Medium Duration Fund?

Its largest holdings are GOVERNMENT OF INDIA 36185 GOI 07JL40 6.68 FV RS 100 (6.4%), GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100 (5.5%), GODREJ PROPERTIES LIMITED SR I 8.30 LOA 19MR27 FVRS1LAC (4.7%), JSW Kalinga Steel Ltd. (4.3%) and GOI Sec 7.18 14/08/2033 (3.9%). Holdings are disclosed monthly and change over time.

How risky is SBI Medium Duration Fund?

It is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.2% and its worst peak-to-trough fall in our sample was -15.5%. 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 0.75 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Medium Duration Fund's 0.75 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of SBI Medium Duration Fund?

SBI Medium Duration Fund is benchmarked against the NIFTY Medium Duration Debt Index A-III. Its alpha and beta on this page are measured against that index.

Who manages SBI Medium Duration Fund?

SBI Medium Duration Fund is managed by Lokesh Mallya, Pradeep Kesavan and Mohit Jain at SBI.

How is SBI Medium Duration Fund taxed?

SBI Medium Duration 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.