# Medium to Long Term funds

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

Full page: https://discovermf.com/categories/medium-to-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.

13 funds managing ₹9,689 cr. Category averages: +2.9% over one year, +6.0% a year over three years; typical expense ratio 1.40%.

## All funds, by three-year return

| Fund | 1 year | 3 years (a year) | 5 years (a year) | Volatility | Expense ratio | Fund size |
| --- | --- | --- | --- | --- | --- | --- |
| [LIC MF Medium to Long Term Fund](https://discovermf.com/funds/lic-mf-medium-to-long-term-fund-100315.md) | +3.6% | +6.7% | +5.6% | 2.2% | 0.62% | ₹172 cr |
| [ICICI Prudential Medium to Long Term Fund](https://discovermf.com/funds/icici-prudential-medium-to-long-term-fund-109740.md) | +3.4% | +6.5% | +5.8% | 2.5% | 1.00% | ₹1,988 cr |
| [HDFC Medium to Long Term Fund](https://discovermf.com/funds/hdfc-medium-to-long-term-fund-100124.md) | +2.6% | +6.1% | +4.8% | 2.7% | 1.36% | ₹802 cr |
| [SBI Medium to Long Term Fund](https://discovermf.com/funds/sbi-medium-to-long-term-fund-100639.md) | +3.2% | +6.1% | +5.5% | 2.2% | 1.48% | ₹2,005 cr |
| [UTI Medium to Long Term Fund](https://discovermf.com/funds/uti-medium-to-long-term-fund-100741.md) | +2.6% | +6.0% | +6.5% | 2.0% | 1.64% | ₹301 cr |
| [Bandhan Medium to Long Term Fund](https://discovermf.com/funds/bandhan-medium-to-long-term-fund-108765.md) | +4.4% | +6.0% | +4.6% | 2.1% | 1.94% | ₹426 cr |
| [Kotak Medium to Long Term Fund](https://discovermf.com/funds/kotak-medium-to-long-term-fund-100299.md) | +2.9% | +6.0% | +5.0% | 2.4% | 1.65% | ₹1,749 cr |
| [JM Medium to Long Term Fund](https://discovermf.com/funds/jm-medium-to-long-term-fund-100223.md) | +2.0% | +6.0% | +4.8% | 2.2% | — | ₹28.8 cr |
| [Nippon India Medium to Long Term Fund](https://discovermf.com/funds/nippon-india-medium-to-long-term-fund-100387.md) | +3.3% | +5.9% | +5.2% | 2.5% | 1.44% | ₹299 cr |
| [HSBC Medium to Long Term Fund](https://discovermf.com/funds/hsbc-medium-to-long-term-fund-101685.md) | +2.8% | +5.8% | +4.4% | 2.2% | 1.30% | ₹48.1 cr |
| [Aditya Birla Sun Life Medium to Long Term Fund](https://discovermf.com/funds/aditya-birla-sun-life-medium-to-long-term-fund-100038.md) | +2.1% | +5.7% | +5.0% | 2.7% | 1.13% | ₹1,718 cr |
| [Canara Robeco Medium To Long Term Fund](https://discovermf.com/funds/canara-robeco-medium-to-long-term-fund-101588.md) | +2.1% | +5.2% | +4.3% | 2.1% | 1.84% | ₹112 cr |
| [Franklin India Medium to Long Term Fund](https://discovermf.com/funds/franklin-india-medium-to-long-term-fund-152853.md) | +3.1% | — | — | 2.1% | 0.85% | ₹40.4 cr |

## Questions

### How many Medium to Long Term funds are there?

13 funds, managing ₹9,689 cr between them as of 4 Nov 2026. The largest is SBI Medium to Long Term Fund, at ₹2,005 cr.

### What return have Medium to Long Term funds given?

The average Medium to Long Term fund returned +2.9% over the last year, +6.0% a year over three years, +5.1% a year over five years. Over the last year the funds ranged from +2.0% to +4.4%. Past returns do not tell you future returns.

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

LIC MF Medium to Long Term Fund, at 0.62% a year, against 1.40% 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 Medium to Long Term fund has the highest three-year return?

LIC MF Medium to Long Term Fund, at +6.7% a year over the last three years, against +6.0% for the average fund. Past returns do not tell you future returns.

### How risky are Medium to Long Term funds?

Their volatility over the last year averaged 2.2%: the higher it is, the more the price swings from day to day. 11 of 13 carry the riskometer level Moderate, on SEBI's six-step scale from Low to Very High.