Aditya Birla Sun Life Medium Term Fund vs Axis Medium Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Medium Term Fund and Axis Medium Term Fund are both Medium Duration funds. In the 3 years to 30-10-2026, Aditya Birla Sun Life Medium Term Fund (Direct) returned 10.4% a year and Axis Medium Term Fund (Direct) returned 8.2% a year. Aditya Birla Sun Life Medium Term Fund charges 0.83% a year and Axis Medium Term Fund 0.71% (Direct plans). Their portfolios overlap 26.0%: they hold 19 of the same securities.
Aditya Birla Sun Life Medium Term Fund
Medium Duration
- 3 year return
- 10.4%
- Expense ratio
- 0.83%
- NAV
- ₹47.90
Axis Medium Term Fund
Medium Duration
- 3 year return
- 8.2%
- Expense ratio
- 0.71%
- NAV
- ₹33.27
Which is better, Aditya Birla Sun Life Medium Term or Axis Medium Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life Medium Term returned more over 5 years: 12.5% a year against 7.2%.
- Aditya Birla Sun Life Medium Term returned more over 3 years: 10.4% a year against 8.2%.
- Axis Medium Term costs less: 0.71% a year against 0.83% (Direct plans).
- Axis Medium Term swung less over 3 years: a standard deviation of 1.2% a year against 2.3%.
- Axis Medium Term fell less in its worst fall since 08-01-2013: −7.3% against −12.7%.
- Aditya Birla Sun Life Medium Term is the larger fund: ₹3,370 Cr against ₹1,972 Cr.
- Their portfolios overlap 26.0%: 19 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Medium Term Fund | Axis Medium Term Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Axis Mutual Fund |
| Category | Medium Duration | Medium Duration |
| AUM | ₹3,370 Cr (30-09-2026) | ₹1,972 Cr (30-09-2026) |
| NAV | ₹47.90 (Direct) | ₹33.27 (Direct) |
| Expense ratio (Direct) | 0.83% | 0.71% |
| Expense ratio (Regular) | 1.55% | 1.32% |
| Riskometer | Moderately High | Moderately High |
| Benchmark | CRISIL Medium Duration Debt A-III Index | NIFTY Medium Duration Debt Index A-III |
| Launch date | 25-03-2009 | 28-03-2012 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Sunaina Da Cunha, Mohit Sharma | Devang Shah, Akhil Thakker, Sachin Jain |
| Exit load | Exit load of 1%, if redeemed within 1 Year. | NIL |
Aditya Birla Sun Life Medium Term vs Axis Medium Term: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Medium Term Fund (Direct) | −0.28% | +0.17% | +3.03% | +7.48% | +10.39% | +12.54% | +8.95% |
| Axis Medium Term Fund (Direct) | −0.24% | +0.15% | +2.91% | +5.40% | +8.16% | +7.20% | +7.69% |
| Medium Duration average | −0.34% | −0.09% | +2.51% | +4.72% | +7.66% | +6.88% | +6.78% |
Category average: the average of the 13 Medium Duration funds, same plan type.
Aditya Birla Sun Life Medium Term vs Axis Medium Term: Year-wise Returns
| Year | Aditya Birla Sun LifeAditya Birla Sun Life Medium Term | AxisAxis Medium Term |
|---|---|---|
| 2026to date | +6.42% | +4.31% |
| 2025 | +11.72% | +8.91% |
| 2024 | +11.27% | +9.39% |
| 2023 | +7.66% | +8.04% |
| 2022 | +25.73% | +4.52% |
| 2021 | +7.69% | +5.95% |
Aditya Birla Sun Life Medium Term vs Axis Medium Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,616 of them, one for each trading day from 08-01-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Medium Term Fund (Direct)
Axis Medium Term Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Medium Term | 0.0 | 20.6 | 22.0 | 53.0 | 4.4 | 0.0 | 0.0 | 9.5% | 10.4% | 0.9% | 16.9% |
| Axis Medium Term | 0.0 | 0.0 | 87.2 | 12.8 | 0.0 | 0.0 | 0.0 | 8.6% | 8.5% | 6.0% | 13.2% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 08-01-2013. Past returns do not promise future returns.
Aditya Birla Sun Life Medium Term vs Axis Medium Term: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Medium TermAditya Birla Sun Life Medium Term Fund (Direct) | ₹16,60,000 | ₹33,70,580 | ₹17,10,580 | 9.7% |
| Axis Medium TermAxis Medium Term Fund (Direct) | ₹16,60,000 | ₹29,72,864 | ₹13,12,864 | 8.0% |
Aditya Birla Sun Life Medium TermAditya Birla Sun Life Medium Term Fund (Direct)
Axis Medium TermAxis Medium Term Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life Medium Term vs Axis Medium Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Medium Term Fund (Direct) | Axis Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.48% | +5.40% |
| Standard deviation | 2.25% | 1.40% |
| Sharpe ratio | 0.99 | 0.11 |
| Sortino ratio | 2.12 | 0.15 |
| Maximum drawdown | −0.7% (23-10-2026) | −0.7% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Medium Term Fund (Direct) | Axis Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.39% | +8.16% |
| Standard deviation | 2.30% | 1.18% |
| Sharpe ratio | 1.90 | 1.81 |
| Sortino ratio | 5.02 | 2.72 |
| Maximum drawdown | −0.7% (23-10-2026) | −0.7% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Medium Term Fund (Direct) | Axis Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.54% | +7.20% |
| Standard deviation | 7.26% | 1.25% |
| Sharpe ratio | 0.93 | 1.12 |
| Sortino ratio | 7.39 | 1.58 |
| Maximum drawdown | −1.0% (06-05-2022) | −1.2% (06-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Medium Term Fund (Direct) | Axis Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.62% | +8.44% |
| Standard deviation | 5.52% | 2.44% |
| Sharpe ratio | 0.65 | 0.98 |
| Sortino ratio | 1.22 | 1.36 |
| Maximum drawdown | −12.7% (29-04-2020) | −7.3% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Medium Term Fund (Direct)
Axis Medium Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Medium Term Fund (Direct) | −12.7% | 19-09-2019 | 29-04-2020 | 24-12-2020 | 8 months | −0.4% |
| Axis Medium Term Fund (Direct) | −7.3% | 27-05-2013 | 19-08-2013 | 20-01-2014 | 5 months | −0.4% |
From daily values since 08-01-2013, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Medium Term Fund (Direct)
Axis Medium Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Medium Term Fund (Direct)
Axis Medium Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Medium Term Fund (Direct)
Axis Medium Term Fund (Direct)
Aditya Birla Sun Life Medium Term vs Axis Medium Term: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Medium Term Fund, September 2026; Axis Medium Term Fund, September 2026
Holdings in common
- Overlap
- 26.0%
- Held by both
- 19
- Only in Aditya Birla Sun Life Medium Term
- 54
- Only in Axis Medium Term
- 58
| Security | % of Aditya Birla Sun Life Medium Term | % of Axis Medium Term |
|---|---|---|
| Government of India (11/05/2036) | 7.15% | 8.85% |
| Jubilant Bevco Ltd. (31/05/2028) (ZCB) | 2.47% | 3.14% |
| 5.00% GMR Airports Ltd. (13/02/2027) | 2.52% | 2.15% |
| 9.50% Kogta Financial (India) Ltd. (30/10/2027) | 2.13% | 2.01% |
| 8.00% Adani Power Ltd. (27/01/2028) | 2.01% | 3.03% |
| Government of India (15/04/2065) | 3.46% | 1.96% |
| 5.00% GMR Airports Ltd. (13/08/2028) | 1.59% | 1.79% |
| 8.45% Adani Airport Holdings Ltd. (12/02/2029) | 1.53% | 2.51% |
| JTPM Metal Traders Ltd. (29/09/2028) (ZCB) | 2.46% | 1.37% |
| 9.40% Vedanta Ltd. (20/02/2027) | 1.34% | 2.19% |
| 6.27% IKF Finance Ltd. (12/08/2027) | 0.89% | 1.52% |
| IndiGrid Infrastructure Trust | 0.77% | 1.12% |
| Corporate Debt Mkt Devp. Fund-A2 | 0.27% | 0.32% |
| Raajmarg Infra Investment Trust | 0.23% | 1.08% |
| Government of India (18/05/2066) | 0.15% | 1.01% |
| Embassy Office Parks Reit | 0.62% | 0.06% |
| Government of India (08/04/2034) | 0.06% | 1.37% |
| Indus Infra Trust | 0.74% | 0.02% |
| Government of India (14/01/2029) | 0.01% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.0% means 26.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Medium Term Fund
| Security | % of fund |
|---|---|
| 7.27% National Bank for Agriculture and Rural Development (23/02/2029) | 3.66% |
| 6.66% National Bank for Agriculture and Rural Development (12/10/2028) | 3.34% |
| 9.25% Hinduja Leyland Finance Ltd. (09/07/2031) | 3.25% |
| 8.66% Cholamandalam Investment & Finance Co. Ltd. (23/02/2033) | 3.05% |
| HDFC Bank Ltd. (15/01/2027) | 2.91% |
Largest holdings only in Axis Medium Term Fund
| Security | % of fund |
|---|---|
| Jubilant Beverages Limited (31/05/2028) (ZCB) | 3.69% |
| 8.58% GMR Hyderabad International Airport Limited (28/03/2034) | 3.29% |
| 7.18% Tamilnadu State Development Loans (03/12/2033) | 3.14% |
| 9.5% Delhi International Airport Limited (22/03/2034) | 2.84% |
| 8.8% Aditya Birla Digital Fashion Ventures Limited (26/08/2027) | 2.78% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Medium Term | Axis Medium Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 80.8% | 95.0% |
| Cash and others | 19.2% | 5.0% |
Aditya Birla Sun Life Medium Term vs Axis Medium Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Medium Term Fund | Axis Medium Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.83% | 0.71% |
| Base expense ratio (Direct) | 0.71% | 0.60% |
| Total expense ratio (Regular) | 1.55% | 1.32% |
| Base expense ratio (Regular) | 1.32% | 1.12% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Aditya Birla Sun Life Medium Term with
Aditya Birla Sun Life Medium Term Fund vs Axis Medium Term Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Medium Term Fund and Axis Medium Term Fund?
Both are Medium Duration funds, run by Aditya Birla Sun Life Mutual Fund and Axis Mutual Fund. Their portfolios overlap 26.0%. Aditya Birla Sun Life Medium Term Fund charges 0.83% a year and Axis Medium Term Fund 0.71%.
Which has given higher returns, Aditya Birla Sun Life Medium Term Fund or Axis Medium Term Fund?
Over 1 year: Aditya Birla Sun Life Medium Term Fund +7.48%, Axis Medium Term Fund +5.40%. Over 3 years: Aditya Birla Sun Life Medium Term Fund +10.39% a year, Axis Medium Term Fund +8.16% a year. Over 5 years: Aditya Birla Sun Life Medium Term Fund +12.54% a year, Axis Medium Term Fund +7.20% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Medium Term Fund or Axis Medium Term Fund?
Axis Medium Term Fund charges less: 0.71% a year against 0.83%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Medium Term Fund and Axis Medium Term Fund overlap?
26.0%. They hold 19 of the same securities, the largest shared ones being Government of India (11/05/2036), Jubilant Bevco Ltd. (31/05/2028) (ZCB), 5.00% GMR Airports Ltd. (13/02/2027). From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Medium Term Fund or Axis Medium Term Fund?
On SEBI's riskometer, Aditya Birla Sun Life Medium Term Fund is rated Moderately High and Axis Medium Term Fund Moderately High. Over 3 years, the standard deviation of daily returns was 2.30% and 1.18% a year.
Which is better for SIP, Aditya Birla Sun Life Medium Term Fund or Axis Medium Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,00,894 in Aditya Birla Sun Life Medium Term Fund (XIRR 10.7% a year) and ₹7,38,914 in Axis Medium Term Fund (XIRR 7.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Medium Term Fund and Axis Medium Term Fund?
Yes. 26.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Medium Term Fund and Axis Medium Term Fund?
Aditya Birla Sun Life Medium Term Fund: Sunaina Da Cunha, Mohit Sharma. Axis Medium Term Fund: Devang Shah, Akhil Thakker, Sachin Jain.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.