What are the largest Medium to Long Term mutual funds by assets?

The largest Medium to Long Term funds by Assets Under Management (AUM) are ICICI Prudential Medium to Long Term Fund Direct-Growth with ₹ 2,048.17 crore, SBI Medium to Long Term Fund Direct-Growth with ₹ 2,046.06 crore, and Kotak Medium to Long Term Fund Direct-Growth with ₹ 1,784.26 crore. Together, there are 15 Medium to Long Term funds available in India.

What is the minimum amount to invest in Medium to Long Term funds?

You can start investing in Medium to Long Term funds with a minimum SIP of ₹100 per month or a minimum lumpsum of ₹100. The minimum investment varies across fund houses — some funds allow even lower entry points.

How are Medium to Long Term fund returns taxed?

All gains from Medium to Long Term funds — regardless of holding period — are added to your income and taxed at your applicable income tax slab rate.

Which Medium to Long Term funds have the lowest expense ratio?

Among Medium to Long Term funds, LIC MF Medium to Long Term Fund Direct-Growth has the lowest expense ratio at 0.22% (Direct Plan), followed by Franklin India Medium to Long Term Fund Direct-Growth at 0.34%. Lower expense ratios directly improve your net returns over the long term.

How many Medium to Long Term mutual funds are available in India?

There are currently 15 Medium to Long Term mutual funds available in India across different fund houses. You can compare all 15 funds on Sharpely based on returns, risk, AUM, and expense ratio to find the one that suits your investment goals.

mutual funds category

Medium To Long Term

Best Medium to Long Term Mutual Funds 2026

Q: What are the top performing Medium to Long Term funds?

Based on 1-year returns, the top performing Medium to Long Term funds are Bandhan Medium to Long Term Fund Direct-Growth with 6.00% return, ICICI Prudential Diversified Debt Strategy Active FoF Direct-IDCW with 5.83% return, and Franklin India Medium to Long Term Fund Direct-Growth with 5.48% return. The category average 1-year return is 4.80%.

Q: Which Medium to Long Term funds have given the best returns over 3 years?

Over a 3-year period, the best performing Medium to Long Term funds are Bandhan Medium to Long Term Fund Direct-Growth with a 7.39% CAGR, ICICI Prudential Diversified Debt Strategy Active FoF Direct-IDCW with 7.39% CAGR, and Franklin India Medium to Long Term Fund Direct-Growth with 7.32% CAGR. The category average 3-year return stands at 6.84% CAGR.

Total Schemes

No. of schemes

Total AUM

₹ 0.10Lakh Cr

As on latest

Category Return (5Y)

6.14 %

CAGR

Benchmark Data

This category currently has no benchmark assigned.

Category Returns (%)

Period	1M	6M	1Y	3Y CAGR	5Y CAGR	10Y CAGR	YTD
Medium to Long Term	-0.27 %	2.65 %	4.80 %	6.84 %	6.14 %	6.53 %	3.30 %
Benchmark Not Available No benchmark assigned	-	-	-	-	-	-	-

Top Medium to Long Term Funds (by AUM)

Fund Name	AUM (₹ Cr)	1Y Return	3Y CAGR	5Y CAGR	Expense Ratio
ICICI Prudential Medium to Long Term Fund Direct-GrowthNAV: ₹45.00	2,048.17 Cr	5.24%	7.32%	6.42%	0.59%
SBI Medium to Long Term Fund Direct-GrowthNAV: ₹80.44	2,046.06 Cr	5.19%	7.01%	6.28%	0.78%
Kotak Medium to Long Term Fund Direct-GrowthNAV: ₹90.90	1,784.26 Cr	5.27%	7.25%	6.23%	0.74%
Aditya Birla Sun Life Medium to Long Term Fund Direct-GrowthNAV: ₹140.71	1,770.21 Cr	4.04%	6.28%	5.60%	0.69%
HDFC Medium to Long Term Fund Direct-GrowthNAV: ₹67.47	830.21 Cr	4.59%	6.86%	5.88%	0.81%
Bandhan Medium to Long Term Fund Direct-GrowthNAV: ₹74.99	424.92 Cr	6.00%	6.60%	5.30%	0.99%
Nippon India Medium to Long Term Fund Direct-GrowthNAV: ₹104.90	328.98 Cr	4.87%	6.74%	6.13%	0.67%
UTI Medium to Long Term Fund Direct-GrowthNAV: ₹83.49	302.16 Cr	4.34%	6.42%	8.60%	1.32%
LIC MF Medium to Long Term Fund Direct-GrowthNAV: ₹82.26	174.85 Cr	5.25%	7.39%	6.32%	0.22%
Canara Robeco Medium to Long Term Direct-GrowthNAV: ₹64.74	111.18 Cr	3.88%	6.34%	5.42%	0.78%
ICICI Prudential Diversified Debt Strategy Active FoF Direct-IDCWNAV: ₹44.00	105.15 Cr	5.83%	7.39%	6.54%	0.45%
HSBC Medium to Long Term Fund Direct-GrowthNAV: ₹48.89	48.71 Cr	3.61%	6.56%	5.29%	0.63%
Franklin India Medium to Long Term Fund Direct-GrowthNAV: ₹11.33	42.36 Cr	5.48%	-	-	0.34%
JM Medium to Long Term Fund Direct-GrowthNAV: ₹72.40	30.30 Cr	4.06%	6.78%	5.46%	0.59%
UTI Medium to Long Duration Fund Segregated Portfolio Direct-GrowthNAV: ₹7.35	16.71 Cr	-	-	-	-

Medium to Long Term vs Other Categories

5Y CAGR Return Comparison

6.25%

6.22%

6.14%

5.88%

5.72%

Dynamic Term

Banking and PSU Debt

Medium to Long Term

Fixed Maturity

10-Year Constant Maturity Gilt

Key Insights

Medium to Long Term delivered 6.14% CAGR over the last 5 years.

It ranks #13 out of 18 categories based on 5Y performance.

Below the category average return of 6.49%.

12 categories outperform it, while 5 categories have lower returns.

Top performer: Credit Risk (10.54%).

Lowest performer: Long Term (5.63%).

Let's have a closer look

Now let us jump and check about these top 15 mutual fund schemes.

ICICI Prudential Medium to Long Term Fund Direct-Growth

Fund Performance: ICICI Prudential Medium to Long Term Fund Direct-Growth has given 7.32% annualized returns in the past three years and 6.42% in the last 5 years. The ICICI Prudential Medium to Long Term Fund Direct-Growth comes under the Debt category of ICICI Prudential Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Medium to Long Term Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 2,048.17Cr

1Y Returns

5.24%

Expense Ratio

0.59%

SBI Medium to Long Term Fund Direct-Growth

Fund Performance: SBI Medium to Long Term Fund Direct-Growth has given 7.01% annualized returns in the past three years and 6.28% in the last 5 years. The SBI Medium to Long Term Fund Direct-Growth comes under the Debt category of SBI Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in SBI Medium to Long Term Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 2,046.06Cr

1Y Returns

5.19%

Expense Ratio

0.78%

Kotak Medium to Long Term Fund Direct-Growth

Fund Performance: Kotak Medium to Long Term Fund Direct-Growth has given 7.25% annualized returns in the past three years and 6.23% in the last 5 years. The Kotak Medium to Long Term Fund Direct-Growth comes under the Debt category of Kotak Mahindra Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Kotak Medium to Long Term Fund Direct-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 1,784.26Cr

1Y Returns

5.27%

Expense Ratio

0.74%

Aditya Birla Sun Life Medium to Long Term Fund Direct-Growth

Fund Performance: Aditya Birla Sun Life Medium to Long Term Fund Direct-Growth has given 6.28% annualized returns in the past three years and 5.60% in the last 5 years. The Aditya Birla Sun Life Medium to Long Term Fund Direct-Growth comes under the Debt category of Aditya Birla Sun Life Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Medium to Long Term Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 1,770.21Cr

1Y Returns

4.04%

Expense Ratio

0.69%

HDFC Medium to Long Term Fund Direct-Growth

Fund Performance: HDFC Medium to Long Term Fund Direct-Growth has given 6.86% annualized returns in the past three years and 5.88% in the last 5 years. The HDFC Medium to Long Term Fund Direct-Growth comes under the Debt category of HDFC Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in HDFC Medium to Long Term Fund Direct-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 830.21Cr

1Y Returns

4.59%

Expense Ratio

0.81%

Bandhan Medium to Long Term Fund Direct-Growth

Fund Performance: Bandhan Medium to Long Term Fund Direct-Growth has given 6.60% annualized returns in the past three years and 5.30% in the last 5 years. The Bandhan Medium to Long Term Fund Direct-Growth comes under the Debt category of Bandhan Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Bandhan Medium to Long Term Fund Direct-Growth via lump sum is ₹ 1,000.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 1,000.00

AUM

₹ 424.92Cr

1Y Returns

6.00%

Expense Ratio

0.99%

Nippon India Medium to Long Term Fund Direct-Growth

Fund Performance: Nippon India Medium to Long Term Fund Direct-Growth has given 6.74% annualized returns in the past three years and 6.13% in the last 5 years. The Nippon India Medium to Long Term Fund Direct-Growth comes under the Debt category of Nippon India Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Nippon India Medium to Long Term Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 328.98Cr

1Y Returns

4.87%

Expense Ratio

0.67%

UTI Medium to Long Term Fund Direct-Growth

Fund Performance: UTI Medium to Long Term Fund Direct-Growth has given 6.42% annualized returns in the past three years and 8.60% in the last 5 years. The UTI Medium to Long Term Fund Direct-Growth comes under the Debt category of UTI Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in UTI Medium to Long Term Fund Direct-Growth via lump sum is ₹ 500.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 500.00

AUM

₹ 302.16Cr

1Y Returns

4.34%

Expense Ratio

1.32%

LIC MF Medium to Long Term Fund Direct-Growth

Fund Performance: LIC MF Medium to Long Term Fund Direct-Growth has given 7.39% annualized returns in the past three years and 6.32% in the last 5 years. The LIC MF Medium to Long Term Fund Direct-Growth comes under the Debt category of LIC Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in LIC MF Medium to Long Term Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 200.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 174.85Cr

1Y Returns

5.25%

Expense Ratio

0.22%

Canara Robeco Medium to Long Term Direct-Growth

Fund Performance: Canara Robeco Medium to Long Term Direct-Growth has given 6.34% annualized returns in the past three years and 5.42% in the last 5 years. The Canara Robeco Medium to Long Term Direct-Growth comes under the Debt category of Canara Robeco Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Canara Robeco Medium to Long Term Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 111.18Cr

1Y Returns

3.88%

Expense Ratio

0.78%

ICICI Prudential Diversified Debt Strategy Active FoF Direct-IDCW

Fund Performance: ICICI Prudential Diversified Debt Strategy Active FoF Direct-IDCW has given 7.39% annualized returns in the past three years and 6.54% in the last 5 years. The ICICI Prudential Diversified Debt Strategy Active FoF Direct-IDCW comes under the Debt category of ICICI Prudential Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Diversified Debt Strategy Active FoF Direct-IDCW via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 105.15Cr

1Y Returns

5.83%

Expense Ratio

0.45%

HSBC Medium to Long Term Fund Direct-Growth

Fund Performance: HSBC Medium to Long Term Fund Direct-Growth has given 6.56% annualized returns in the past three years and 5.29% in the last 5 years. The HSBC Medium to Long Term Fund Direct-Growth comes under the Debt category of HSBC Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in HSBC Medium to Long Term Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 48.71Cr

1Y Returns

3.61%

Expense Ratio

0.63%

Franklin India Medium to Long Term Fund Direct-Growth

Fund Performance: The Franklin India Medium to Long Term Fund Direct-Growth comes under the Debt category of Franklin Templeton Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Franklin India Medium to Long Term Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 42.36Cr

1Y Returns

5.48%

Expense Ratio

0.34%

JM Medium to Long Term Fund Direct-Growth

Fund Performance: JM Medium to Long Term Fund Direct-Growth has given 6.78% annualized returns in the past three years and 5.46% in the last 5 years. The JM Medium to Long Term Fund Direct-Growth comes under the Debt category of JM Financial Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in JM Medium to Long Term Fund Direct-Growth via lump sum is ₹ 1,000.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 1,000.00

AUM

₹ 30.30Cr

1Y Returns

4.06%

Expense Ratio

0.59%

UTI Medium to Long Duration Fund Segregated Portfolio Direct-Growth

Fund Performance: The UTI Medium to Long Duration Fund Segregated Portfolio Direct-Growth comes under the Debt category of UTI Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in UTI Medium to Long Duration Fund Segregated Portfolio Direct-Growth via lump sum is ₹ 1,000.00.

Min Investment Amt

₹ 1,000.00

AUM

₹ 16.71Cr

1Y Returns

Expense Ratio