HDFC Medium Term Debt Fund

Q: What are the returns of this mutual fund scheme?

The HDFC Medium Term Debt Fund is a 23 yrs 8 m old fund and has delivered average annual returns of 7.65% since inception. HDFC Medium Term Debt Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.79% 7.68% 6.2% 7.16% 7.65%

Q: How much does this mutual fund charge as expense ratio?

The HDFC Medium Term Debt Fund has an expense ratio of 1.33% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹57.4867+0.08% 1 day change	7.65% p.a.	App exclusive #NA View Ranked Funds	₹3,842 Cr

Historical NAV & returns

NAV: ₹57.4867 as on Oct 20, 2025

This fund Category average

HDFC Medium Term Debt Fund overview

AUM (Fund size)	₹3,842 Cr
Exit load	0%
Lock-in Period	Nil
Age	23 yrs 8 m since Feb 04, 2002
Benchmark	NIFTY Medium Duration Debt Index A-III
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	1.33% as on Sep 30, 2025
Plan type	Regular
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 Oct 25, 2025

Period	This fund	Category average
1 Month	0.73%	0.69%
3 Months	1.24%	1.19%
6 Months	2.84%	3.04%
1 Year	7.79%	8.3%
2 Years	8.15%	8.46%
3 Years	7.68%	7.81%
4 Years	6.24%	6.61%
5 Years	6.2%	6.69%
7 Years	7.21%	6.51%
10 Years	7.16%	6.7%

Asset allocationas on Sep 30, 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

SOV 23.28%

AAA 22.5%

AA 20.45%

AA+ 15.69%

Top Debt Holdings

GOI 23.28%

Tata Steel Ltd. 3.84%

Kalpataru Projects International Ltd. 3.8%

Pipeline Infrastructure (India) Pvt. Ltd. 3.45%

Allocation by Instruments

Non Convertible Debenture 28.33%

GOI Securities 23.280000000000005%

Debenture 21.42%

Bonds 13.510000000000002%

Other Holdings

Others 2.25%

Embassy Office Parks REIT 0.88%

Indus Infra Trust 0.74%

Capital Infra Trust 0.5%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Medium Term Debt Fund	0.73%	2.84%	7.79%	7.68%	6.2%	7.16%
ICICI Prudential Debt Management Fund (FOF)	0.73%	2.87%	8.16%	7.85%	6.42%	7.31%
ICICI Prudential Medium Term Bond Fund	0.87%	3.9%	9.13%	8.08%	6.75%	7.43%
Axis Strategic Bond Fund	0.69%	3.27%	8.61%	8.19%	6.73%	7.53%
SBI Magnum Medium Duration Fund	0.65%	2.66%	7.87%	7.83%	6.1%	7.94%
Aditya Birla Sun Life Medium Term Fund	0.88%	3.93%	11.25%	9.63%	12.52%	8.53%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Medium Term Debt Fund	1.28	0.73	0.76	1.3
ICICI Prudential Debt Management Fund (FOF)	1.14	0.61	1.01	1.36
ICICI Prudential Medium Term Bond Fund	1.04	0.55	1.3	2.37
Axis Strategic Bond Fund	1.18	0.65	1.23	2.39
SBI Magnum Medium Duration Fund	1.21	0.68	0.92	1.51
Aditya Birla Sun Life Medium Term Fund	1.72	0.48	1.64	3.81

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Medium Term Debt Fund	N.A.	3,842 Cr	23 yrs 8 m	1.33%
ICICI Prudential Debt Management Fund (FOF)	N.A.	108 Cr	21 yrs 11 m	0.61%
ICICI Prudential Medium Term Bond Fund	N.A.	5,734 Cr	21 yrs 2 m	1.38%
Axis Strategic Bond Fund	N.A.	1,908 Cr	13 yrs 7 m	1.33%
SBI Magnum Medium Duration Fund	N.A.	6,738 Cr	22 yrs	1.17%
Aditya Birla Sun Life Medium Term Fund	N.A.	2,734 Cr	16 yrs 7 m	1.57%

View all Medium Duration funds

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

Alpha	0.5 vs. 2.33 Underperformed at beating benchmark
Sharpe	0.76 vs. 2.72 Poor risk-adjusted returns
Beta	0.73 vs. 0.94 Less sensitive to market ups & downs
Standard deviation	1.28 vs. 1.43 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 is a Medium Duration mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 23 yrs 8 m, having been launched on 04/02/2002. HDFC Medium Term Debt Fund has ₹3,842 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Medium Term Debt Fund as of 20/10/2025 is ₹57.49. 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 returns of last 1-year are 7.84%. Since launch, it has delivered 7.65% average annual returns. The fund has doubled the money invested in it every 11 yrs.
HDFC Medium Term Debt Fund 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 low indicating it has lent to borrowers whose quality is not too great. 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., GMR Airports Ltd..

...

Fund AUM	3,842 Cr as on Sep 30, 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	78 view all schemes
Total AUM	8,93,028 Cr as on Sep 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.	1,725 Cr	1.72%	12.61%
HDFC Nifty G-Sec July 2031 Index	N.A.	677 Cr	8.79%	N.A.
HDFC Nifty G-Sec Sep 2032 Index	N.A.	654 Cr	8.46%	N.A.
HDFC Floating Rate Debt Fund	N.A.	15,446 Cr	8.04%	7.96%
HDFC Corporate Bond Fund	N.A.	35,574 Cr	7.89%	7.96%
HDFC NIFTY G-Sec Jun 2036 Index Fund	N.A.	966 Cr	7.63%	N.A.

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 plan is approximately ₹57.4867 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The HDFC Medium Term Debt Fund is a 23 yrs 8 m old fund and has delivered average annual returns of 7.65% since inception.

HDFC Medium Term Debt Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.79%	7.68%	6.2%	7.16%	7.65%

How much does this mutual fund charge as expense ratio?

The HDFC Medium Term Debt Fund has an expense ratio of 1.33%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

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 3,842 Cr as on Sep 30, 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	23.28%
Tata Steel Ltd.	3.84%
Kalpataru Projects International Ltd.	3.8%

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
SOV	23.28%
AAA	22.5%
AA	20.45%

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

Redeeming your investments in the HDFC Medium Term Debt Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested 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.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
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.