# Long Term funds

Debt with a portfolio duration of more than seven years. Called Long Duration until SEBI renamed the debt categories in 2026.

Full page: https://discovermf.com/categories/long-term
Figures as of 4 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

11 funds managing ₹10,712 cr. Category averages: +1.8% over one year, +5.7% a year over three years; typical expense ratio 0.77%.

## All funds, by three-year return

| Fund | 1 year | 3 years (a year) | 5 years (a year) | Volatility | Expense ratio | Fund size |
| --- | --- | --- | --- | --- | --- | --- |
| [SBI Long Term Fund](https://discovermf.com/funds/sbi-long-term-fund-151212.md) | +2.4% | +6.1% | — | 4.2% | 0.68% | ₹1,238 cr |
| [Aditya Birla Sun Life Long Term Fund](https://discovermf.com/funds/aditya-birla-sun-life-long-term-fund-150482.md) | +1.7% | +6.1% | — | 3.6% | 0.98% | ₹86.7 cr |
| [ICICI Prudential Long Term Fund](https://discovermf.com/funds/icici-prudential-long-term-fund-100365.md) | +1.4% | +6.0% | +4.9% | 4.5% | 0.94% | ₹802 cr |
| [Nippon India Nivesh Lakshya Long Term Fund](https://discovermf.com/funds/nippon-india-nivesh-lakshya-long-term-fund-143702.md) | +1.6% | +6.0% | +5.4% | 4.9% | 0.65% | ₹5,688 cr |
| [HDFC Long Term Fund](https://discovermf.com/funds/hdfc-long-term-fund-151314.md) | +1.7% | +5.7% | — | 5.2% | 0.62% | ₹2,535 cr |
| [Axis Long Term Fund](https://discovermf.com/funds/axis-long-term-fund-151178.md) | +1.8% | +5.5% | — | 5.1% | 0.77% | ₹158 cr |
| [UTI Long Term Fund](https://discovermf.com/funds/uti-long-term-fund-151527.md) | +1.2% | +4.8% | — | 4.4% | 1.27% | ₹58.5 cr |
| [Bandhan Long Term Fund](https://discovermf.com/funds/bandhan-long-term-fund-152518.md) | +3.0% | — | — | 4.3% | 0.69% | ₹41.2 cr |
| [Franklin India Long Term Fund](https://discovermf.com/funds/franklin-india-long-term-fund-153104.md) | +2.5% | — | — | 3.1% | 0.81% | ₹35.8 cr |
| [Kotak Long Term Fund](https://discovermf.com/funds/kotak-long-term-fund-152489.md) | +1.4% | — | — | 5.1% | 0.59% | ₹46.7 cr |
| [Mirae Asset Long Term Fund](https://discovermf.com/funds/mirae-asset-long-term-fund-153107.md) | +1.2% | — | — | 4.7% | 0.78% | ₹22.4 cr |

## Questions

### How many Long Term funds are there?

11 funds, managing ₹10,712 cr between them as of 4 Nov 2026. The largest is Nippon India Nivesh Lakshya Long Term Fund, at ₹5,688 cr.

### What return have Long Term funds given?

The average Long Term fund returned +1.8% over the last year, +5.7% a year over three years, +5.2% a year over five years. Over the last year the funds ranged from +1.2% to +3.0%. Past returns do not tell you future returns.

### Which Long Term fund has the lowest expense ratio?

Kotak Long Term Fund, at 0.59% a year, against 0.77% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.

### Which Long Term fund has the highest three-year return?

SBI Long Term Fund, at +6.1% a year over the last three years, against +5.7% for the average fund. Past returns do not tell you future returns.

### How risky are Long Term funds?

Their volatility over the last year averaged 4.5%: the higher it is, the more the price swings from day to day. All of them carry the riskometer level Moderate, on SEBI's six-step scale from Low to Very High.