Aditya Birla Sun Life Medium to Long Term Fund vs LIC MF Gilt Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Medium to Long Term Fund is a Medium to Long Duration fund and LIC MF Gilt Fund is a Gilt fund. In the 3 years to 30-10-2026, Aditya Birla Sun Life Medium to Long Term Fund (Direct) returned 6.0% a year and LIC MF Gilt Fund (Direct) returned 5.4% a year. Aditya Birla Sun Life Medium to Long Term Fund charges 0.69% a year and LIC MF Gilt Fund 0.70% (Direct plans). Their portfolios overlap 13.1%: they hold 2 of the same securities.
Aditya Birla Sun Life Medium to Long Term Fund
Medium to Long Duration
- 3 year return
- 6.0%
- Expense ratio
- 0.69%
- NAV
- ₹138.75
Which is better, Aditya Birla Sun Life Medium to Long Term or LIC MF Gilt? 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 to Long Term returned more over 5 years: 5.2% a year against 4.9%.
- Aditya Birla Sun Life Medium to Long Term returned more over 3 years: 6.0% a year against 5.4%.
- Aditya Birla Sun Life Medium to Long Term costs less: 0.69% a year against 0.70% (Direct plans).
- Aditya Birla Sun Life Medium to Long Term swung less over 3 years: a standard deviation of 2.2% a year against 3.5%.
- LIC MF Gilt fell less in its worst fall since 02-01-2013: −7.4% against −10.3%.
- Aditya Birla Sun Life Medium to Long Term is the larger fund: ₹1,734 Cr against ₹44 Cr.
- Their portfolios overlap 13.1%: 2 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 to Long Term Fund | LIC MF Gilt Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | LIC Mutual Fund |
| Category | Medium to Long Duration | Gilt |
| AUM | ₹1,734 Cr (30-09-2026) | ₹44 Cr (30-09-2026) |
| NAV | ₹138.75 (Direct) | ₹66.47 (Direct) |
| Expense ratio (Direct) | 0.69% | 0.70% |
| Expense ratio (Regular) | 1.13% | 1.10% |
| Riskometer | Moderate | Low to Moderate |
| Benchmark | CRISIL Medium to Long Duration Debt A-III Index | Nifty All Duration G-Sec Index |
| Launch date | 21-10-1995 | 10-12-1999 |
| Minimum investment | ₹5,000 | ₹10,000 |
| Lock in | None | None |
| Fund managers | Bhupesh Bameta | Pratik Harish Shroff, Rahul Singh |
| Exit load | Nil | 0.25% if exit within 30 days from date of allotment of units |
Aditya Birla Sun Life Medium to Long Term vs LIC MF Gilt: 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 to Long Term Fund (Direct) | −0.85% | −1.44% | +1.40% | +1.69% | +5.96% | +5.24% | +6.43% |
| LIC MF Gilt Fund (Direct) | −0.55% | −0.43% | +2.56% | +2.20% | +5.41% | +4.86% | +6.26% |
| Medium to Long Duration average | −0.59% | −0.88% | +1.83% | +2.86% | +6.52% | +5.71% | +6.19% |
| Gilt average | −0.69% | −1.34% | +1.62% | +2.12% | +6.19% | +5.46% | +6.64% |
Category average: the average of the 13 Medium to Long Duration funds and the 28 Gilt funds, same plan type.
Aditya Birla Sun Life Medium to Long Term vs LIC MF Gilt: Year-wise Returns
| Year | Aditya Birla Sun Life Medium to Long TermAditya Birla Sun Life Medium to Long Term | LIC MF GiltLIC MF Gilt |
|---|---|---|
| 2026to date | +1.22% | +1.52% |
| 2025 | +5.61% | +3.53% |
| 2024 | +8.87% | +9.32% |
| 2023 | +7.08% | +7.00% |
| 2022 | +2.81% | +2.56% |
| 2021 | +4.42% | +2.49% |
Aditya Birla Sun Life Medium to Long Term vs LIC MF Gilt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,620 of them, one for each trading day from 04-01-2016 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 to Long Term Fund (Direct)
LIC MF Gilt 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 to Long Term | 0.0 | 3.9 | 79.1 | 17.0 | 0.0 | 0.0 | 0.0 | 7.8% | 7.4% | 4.3% | 14.0% |
| LIC MF Gilt | 0.0 | 10.4 | 69.6 | 20.0 | 0.0 | 0.0 | 0.0 | 7.7% | 7.4% | 3.6% | 13.4% |
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 02-01-2013. Past returns do not promise future returns.
Aditya Birla Sun Life Medium to Long Term vs LIC MF Gilt: 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 to Long TermAditya Birla Sun Life Medium to Long Term Fund (Direct) | ₹16,60,000 | ₹27,06,468 | ₹10,46,468 | 6.8% |
| LIC MF GiltLIC MF Gilt Fund (Direct) | ₹16,60,000 | ₹26,45,819 | ₹9,85,819 | 6.5% |
Aditya Birla Sun Life Medium to Long TermAditya Birla Sun Life Medium to Long Term Fund (Direct)
LIC MF GiltLIC MF Gilt 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 to Long Term vs LIC MF Gilt: 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 to Long Term Fund (Direct) | LIC MF Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.69% | +2.20% |
| Standard deviation | 2.58% | 4.27% |
| Sharpe ratio | -1.38 | -0.71 |
| Sortino ratio | -1.81 | -1.00 |
| Maximum drawdown | −2.5% (28-10-2026) | −4.1% (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 to Long Term Fund (Direct) | LIC MF Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.96% | +5.41% |
| Standard deviation | 2.18% | 3.47% |
| Sharpe ratio | -0.03 | -0.18 |
| Sortino ratio | -0.04 | -0.25 |
| Maximum drawdown | −2.5% (28-10-2026) | −5.6% (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 to Long Term Fund (Direct) | LIC MF Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.24% | +4.86% |
| Standard deviation | 2.09% | 2.85% |
| Sharpe ratio | -0.27 | -0.33 |
| Sortino ratio | -0.36 | -0.46 |
| Maximum drawdown | −2.6% (06-05-2022) | −5.6% (02-04-2026) |
| 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 to Long Term Fund (Direct) | LIC MF Gilt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.37% | +6.98% |
| Standard deviation | 3.62% | 3.49% |
| Sharpe ratio | 0.37 | 0.27 |
| Sortino ratio | 0.52 | 0.38 |
| Maximum drawdown | −10.3% (19-08-2013) | −7.4% (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 to Long Term Fund (Direct)
LIC MF Gilt 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 to Long Term Fund (Direct) | −10.3% | 27-05-2013 | 19-08-2013 | 06-06-2014 | 10 months | −2.2% |
| LIC MF Gilt Fund (Direct) | −7.4% | 04-06-2013 | 19-08-2013 | 03-06-2014 | 9 months | −1.7% |
From daily values since 02-01-2013, 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 to Long Term Fund (Direct)
LIC MF Gilt 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 to Long Term Fund (Direct)
LIC MF Gilt 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 to Long Term Fund (Direct)
LIC MF Gilt Fund (Direct)
Aditya Birla Sun Life Medium to Long Term vs LIC MF Gilt: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Medium to Long Term Fund, September 2026; LIC MF Gilt Fund, September 2026
Holdings in common
- Overlap
- 13.1%
- Held by both
- 2
- Only in Aditya Birla Sun Life Medium to Long Term
- 62
- Only in LIC MF Gilt
- 3
| Security | % of Aditya Birla Sun Life Medium to Long Term | % of LIC MF Gilt |
|---|---|---|
| Government of India (22/04/2064) | 12.47% | 11.17% |
| Government of India (19/06/2053) | 1.94% | 33.43% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.1% means 13.1% 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 to Long Term Fund
| Security | % of fund |
|---|---|
| Government of India (18/05/2066) | 6.06% |
| 7.17% Tata Capital Housing Finance Ltd. (21/05/2030) | 4.18% |
| State Government Securities (27/03/2033) | 3.11% |
| 7.71% Tata Capital Housing Finance Ltd. (14/01/2028) | 2.87% |
| 7.44% National Bank for Agriculture and Rural Development (17/07/2029) | 2.86% |
Largest holdings only in LIC MF Gilt Fund
| Security | % of fund |
|---|---|
| 91 DAYS TBILL RED 10-12-2026 | 22.49% |
| 364 DAYS TBILL RED 10-12-2026 | 17.99% |
| 182 DAYS TBILL RED 17-12-2026 | 11.23% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Medium to Long Term | LIC MF Gilt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 94.8% | 96.3% |
| Cash and others | 5.2% | 3.7% |
Aditya Birla Sun Life Medium to Long Term vs LIC MF Gilt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Medium to Long Term Fund | LIC MF Gilt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.69% | 0.70% |
| Base expense ratio (Direct) | 0.59% | 0.59% |
| Total expense ratio (Regular) | 1.13% | 1.10% |
| Base expense ratio (Regular) | 0.96% | 0.97% |
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 to Long Term with
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Aditya Birla Sun Life Medium to Long Term Fund vs LIC MF Gilt Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Medium to Long Term Fund and LIC MF Gilt Fund?
Aditya Birla Sun Life Medium to Long Term Fund is a Medium to Long Duration fund, LIC MF Gilt Fund is a Gilt fund, run by Aditya Birla Sun Life Mutual Fund and LIC Mutual Fund. Their portfolios overlap 13.1%. Aditya Birla Sun Life Medium to Long Term Fund charges 0.69% a year and LIC MF Gilt Fund 0.70%.
Which has given higher returns, Aditya Birla Sun Life Medium to Long Term Fund or LIC MF Gilt Fund?
Over 1 year: Aditya Birla Sun Life Medium to Long Term Fund +1.69%, LIC MF Gilt Fund +2.20%. Over 3 years: Aditya Birla Sun Life Medium to Long Term Fund +5.96% a year, LIC MF Gilt Fund +5.41% a year. Over 5 years: Aditya Birla Sun Life Medium to Long Term Fund +5.24% a year, LIC MF Gilt Fund +4.86% 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 to Long Term Fund or LIC MF Gilt Fund?
Aditya Birla Sun Life Medium to Long Term Fund charges less: 0.69% a year against 0.70%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Medium to Long Term Fund and LIC MF Gilt Fund overlap?
13.1%. They hold 2 of the same securities, the largest shared ones being Government of India (22/04/2064), Government of India (19/06/2053). From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Medium to Long Term Fund or LIC MF Gilt Fund?
On SEBI's riskometer, Aditya Birla Sun Life Medium to Long Term Fund is rated Moderate and LIC MF Gilt Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 2.18% and 3.47% a year.
Which is better for SIP, Aditya Birla Sun Life Medium to Long Term Fund or LIC MF Gilt Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,94,549 in Aditya Birla Sun Life Medium to Long Term Fund (XIRR 5.1% a year) and ₹6,86,636 in LIC MF Gilt Fund (XIRR 4.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Medium to Long Term Fund and LIC MF Gilt Fund?
Yes. 13.1% 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 to Long Term Fund and LIC MF Gilt Fund?
Aditya Birla Sun Life Medium to Long Term Fund: Bhupesh Bameta. LIC MF Gilt Fund: Pratik Harish Shroff, Rahul Singh.
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.