HDFC Medium Term Debt Fund Regular-Growth

Q: What are the returns of HDFC Medium Term Debt Fund?

The HDFC Medium Term Debt Fund is a 23 yrs 7 m old fund and has delivered average annual returns of 7.63% since inception. HDFC Medium Term Debt Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.55% 7.19% 6.29% 7.18% 7.63%

NAV as of Sep 03, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹56.6942+0.1% 1 day change	7.63% p.a.	App exclusive #NA View Ranked Funds	₹3,888 Cr

Historical NAV & returns

NAV: ₹56.6942 as on Sep 03, 2025

This fund Category average

HDFC Medium Term Debt Fund overview

Expense ratio	1.33% as on Aug 31, 2025
Plan type	Regular
Exit load	0%
AUM (Fund size)	₹3,888 Cr
Lock-in Period	Nil
Age	23 yrs 7 m since Feb 04, 2002
Benchmark	NIFTY Medium Duration Debt Index A-III
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Risk	Moderately High
Tax on your gains	Profits are added to your income and taxed as per your slab rate

HDFC Medium Term Debt Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Sep 04, 2025

Period	This fund	Category average
1 Month	-0.29%	-0.3%
3 Months	0.37%	0.48%
6 Months	4.21%	4.33%
1 Year	7.55%	8.16%
2 Years	7.63%	7.94%
3 Years	7.19%	7.33%
4 Years	5.97%	6.42%
5 Years	6.29%	6.66%
7 Years	7.08%	6.36%
10 Years	7.18%	6.76%

Asset allocationas on May 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AAA 27.76%

SOV 27.04%

AA 16.75%

AA+ 14.54%

Top Debt Holdings

GOI 26.37%

Tata Steel Ltd. 3.83%

Kalpataru Projects International Ltd. 3.78%

Pipeline Infrastructure (India) Pvt. Ltd. 3.42%

Allocation by Instruments

Bifurcation by Instrument is not available for this fund

Other Holdings

Others 2.72%

Embassy Office Parks REIT 0.79%

Indus Infra Trust 0.72%

Capital Infra Trust 0.6%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Medium Term Debt Fund	N.A.	3,888 Cr	23 yrs 7 m	1.33%
ICICI Prudential Medium Term Bond Fund	N.A.	5,733 Cr	21 yrs	1.38%
ICICI Prudential Debt Management Fund (FOF)	N.A.	114 Cr	21 yrs 9 m	0.61%
Axis Strategic Bond Fund	N.A.	1,930 Cr	13 yrs 5 m	1.33%
Aditya Birla Sun Life Medium Term Fund	N.A.	2,338 Cr	16 yrs 5 m	1.57%
SBI Magnum Medium Duration Fund	N.A.	6,580 Cr	21 yrs 11 m	1.22%

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Medium Term Debt Fund	-0.29%	4.21%	7.55%	7.19%	6.29%	7.18%
ICICI Prudential Medium Term Bond Fund	-0.05%	4.58%	8.48%	7.55%	6.81%	7.43%
ICICI Prudential Debt Management Fund (FOF)	-0.36%	4.12%	7.75%	7.57%	6.34%	7.34%
Axis Strategic Bond Fund	-0.11%	4.61%	8.42%	7.73%	6.79%	7.6%
Aditya Birla Sun Life Medium Term Fund	-0.22%	4.85%	12.61%	9.2%	12.06%	8.57%
SBI Magnum Medium Duration Fund	-0.31%	3.97%	7.59%	7.38%	6.25%	8.03%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Medium Term Debt Fund	1.35	0.76	0.47	0.77
ICICI Prudential Medium Term Bond Fund	1.06	0.56	0.92	1.67
ICICI Prudential Debt Management Fund (FOF)	1.13	0.59	0.87	1.19
Axis Strategic Bond Fund	1.26	0.68	0.91	1.62
Aditya Birla Sun Life Medium Term Fund	1.76	0.51	1.43	3.3
SBI Magnum Medium Duration Fund	1.29	0.71	0.62	1.01

View all Medium Duration funds

Key risk & return ratios Compared to other funds in the category

Alpha	0.35 vs. 2.12 Underperformed at beating benchmark
Sharpe	0.47 vs. 2.5 Poor risk-adjusted returns
Beta	0.76 vs. 0.74 More sensitive to market's ups & downs
Standard deviation	1.35 vs. 1.5 More stable returns

Compare HDFC Medium Term Debt Fund in detail with

About this fund

About HDFC Medium Term Debt Fund

HDFC Medium Term Debt Fund Regular-Growth is a Medium Duration mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 23 yrs 7 m, having been launched on 04/02/2002. HDFC Medium Term Debt Fund Regular-Growth has ₹3,888 Crores worth of assets under management (AUM) as on 31/05/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Medium Term Debt Fund Regular-Growth as of 03/09/2025 is ₹56.69. The fund has an expense ratio of 1.33%, which is higher than what most other Medium Duration funds charge.

HDFC Medium Term Debt Fund Regular-Growth returns of last 1-year are 7.61%. Since launch, it has delivered 7.63% average annual returns. The fund has doubled the money invested in it every 10 yrs.
HDFC Medium Term Debt Fund Regular-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund's credit profile is moderate indicating it has lent to borrowers whose quality is good. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in GOI, Tata Steel Ltd., Kalpataru Projects International Ltd., Pipeline Infrastructure (India) Pvt. Ltd., Power Finance Corporation Ltd..

...

Fund AUM	3,888 Cr as on May 31, 2025
Scheme document	View Scheme Document

Fund managers

Amar Kalkundrikar

Mr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School. Prior to joining Nippon India Mutual Fund, he has worked with HDFC Asset Management Company Limited where he has handled multiple roles in Investment – Equity function such as Portfolio Management for PMS business, & performing Equity research in various sectors such as Consumer Staples, Consumer Discretionary, Retail, Construction Materials.

Shobhit Mehrotra

He is an MBA from Clemson University, USA. Prior to joining HDFC AMC he has worked with Franklin Templeton AMC, and ICRA.

Investment objective

The scheme seeks to generate income / capital appreciation through investments in Debt and Money Market Instruments.

HDFC Mutual Fund details

No. of schemes	77 view all schemes
Total AUM	8,37,348 Cr as on Jun 30, 2025
Address	"HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate Mumbai, 400020
Email	shareholders.relations@hdfcfund.com
Phone	022 ? 66316333

More funds from HDFC Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
HDFC Income Plus Arbitrage Active FoF	N.A.	638 Cr	-1.16%	12.34%
HDFC Floating Rate Debt Fund	N.A.	15,221 Cr	8.11%	7.84%
HDFC Short Term Debt Fund	N.A.	15,486 Cr	8.18%	7.59%
HDFC Corporate Bond Fund	N.A.	34,775 Cr	7.83%	7.52%
HDFC Money Market Fund	N.A.	31,792 Cr	7.8%	7.42%
HDFC Credit Risk Debt Fund	N.A.	7,112 Cr	7.76%	7.29%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of HDFC Medium Term Debt Fund?

The current Net Asset Value (NAV) of the HDFC Medium Term Debt Fund - Direct Growth plan is approximately ₹56.6942 as of Sep 03, 2025.

What are the returns of this mutual fund scheme?

The HDFC Medium Term Debt Fund is a 23 yrs 7 m old fund and has delivered average annual returns of 7.63% since inception.

HDFC Medium Term Debt Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.55%	7.19%	6.29%	7.18%	7.63%

How much does this mutual fund charge as expense ratio?

The HDFC Medium Term Debt Fund - Direct Growth has an expense ratio of 1.33%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The HDFC Medium Term Debt Fund currently has assets under management (AUM) or fund size valued at approximately 3,888 Cr as on May 31, 2025.

To whom does HDFC Medium Term Debt Fund lend to?

The top 3 debt holdings of HDFC Medium Term Debt Fund are as follows

Holding Name	Percentage of Portfolio
GOI	26.37%
Tata Steel Ltd.	3.83%
Kalpataru Projects International Ltd.	3.78%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The HDFC Medium Term Debt Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	27.76%
SOV	27.04%
AA	16.75%

What is risk level of HDFC Medium Term Debt Fund?

This is a Medium Duration fund comes with Moderately High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in HDFC Medium Term Debt Fund?

HDFC Medium Term Debt Fund Regular-Growth is the regular plan of the fund. For this plan of you pay 1.33% as annual charges. On the other hand if you go for the direct plan available on ET Money, you pay 0.67%. That's 0.66% less.

Regular plans charge more because when you buy them, the fund pays commission to the agent. This is an additional expense for the fund and to cover this expense, the fund takes a bigger share from the returns generated by your investments.

So, the lower annual cost of the direct plan means you will earn 0.66% if you opt for direct plan of HDFC Medium Term Debt Fund

How can I redeem my investments in HDFC Medium Term Debt Fund?

Redeeming your investments in HDFC Medium Term Debt Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in HDFC Medium Term Debt Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Medium Duration

#NA

Return Outperformance: This fund has generated highest return amongst Medium Duration funds in the last 10 Years.
Exit Load: This fund has no exit load.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.