Best Medium to Long Duration Mutual 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.
Top medium to long duration mutual funds by 3Y returns
12Direct plan, Growth option — ranked by 3-year CAGR. Open a fund for NAV history, rolling returns, risk metrics and peer rank.
As of 20 Aug 2026, LIC MF Medium to Long Duration Fund (Direct plan, Growth option) leads medium to long duration mutual funds on 3-year CAGR at +7.62%, followed by ICICI Prudential Bond Fund at +7.59% and Kotak Bond Fund at +7.56%. Across 13 medium to long duration mutual funds the category averaged +7.09% over three years, at an average expense ratio of 0.74%. All figures are computed from public AMFI NAV history and recomputed daily; past returns do not predict future ones.
| 1 | LIC MF Medium to Long Duration Fund LIC | ★★★★☆ | +5.2% | +7.6% | +6.4% | 0.22% | ₹185.10Cr |
| 2 | ICICI Prudential Bond Fund ICICI Prudential | ★★★★☆ | +5.8% | +7.6% | +6.7% | 0.59% | ₹2,482Cr |
| 3 | Kotak Bond Fund Kotak Mahindra | ★★★☆☆ | +6.0% | +7.6% | +6.5% | 0.74% | ₹1,834Cr |
| 4 | Bank of India Conservative Hybrid Fund Bank of India | ★★★☆☆ | +4.6% | +7.4% | +10.2% | 1.18% | ₹64.73Cr |
| 5 | HDFC Income Fund HDFC | ★★☆☆☆ | +5.4% | +7.2% | +6.1% | 0.81% | ₹821.09Cr |
| 6 | SBI Medium to Long Duration Fund SBI | ★★★★★ | +5.4% | +7.1% | +6.4% | 0.78% | ₹2,013Cr |
| 7 | Nippon India Medium to Long Duration Fund Nippon India | ★★★☆☆ | +5.7% | +7.1% | +6.5% | 0.67% | ₹362.12Cr |
| 8 | JM Medium to Long Duration Fund JM Financial | ★★☆☆☆ | +4.3% | +6.9% | +5.6% | 0.59% | ₹29.51Cr |
| 9 | Bandhan Medium to Long Duration Fund Bandhan | ★☆☆☆☆ | +6.5% | +6.8% | +5.4% | 0.99% | ₹420.45Cr |
| 10 | UTI Medium to Long Duration Fund UTI | ★☆☆☆☆ | +4.6% | +6.6% | +8.7% | 1.29% | ₹300.60Cr |
| 11 | Canara Robeco Income Fund Canara Robeco | ★★★☆☆ | +4.3% | +6.6% | +5.6% | 0.78% | ₹112.22Cr |
| 12 | Aditya Birla Sun Life Income Fund Aditya Birla Sun Life | ★★☆☆☆ | +4.6% | +6.6% | +5.8% | 0.69% | ₹1,767Cr |
NAV data as of 20 Aug 2026. Returns are CAGR for periods ≥1 year, computed from AMFI NAV history. Ratings are WealthTicker’s own, ranked within sub-category peers — not a SEBI or agency rating. See our methodology for every formula. This is data, not investment advice.
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Frequently asked questions
What are medium to long duration mutual 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.
Which is the best medium to long duration fund right now?
LIC MF Medium to Long Duration Fund by LIC currently ranks first among medium to long duration mutual funds by 3-year CAGR at +7.62%. Rankings move with NAVs — past returns don't guarantee future performance.
What returns have medium to long duration mutual funds given?
The category has averaged +5.25% over 1 year, +7.09% annualized over 3 years, +6.64% annualized over 5 years — peer averages over the live funds in the category, computed from AMFI NAV history.
How are medium to long duration mutual funds taxed?
Debt taxation: all gains are added to your income and taxed at your slab rate, regardless of holding period (for units bought on or after 1 April 2023).