Axis Medium Term Fund vs SBI Medium to Long Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Medium Term Fund is a Medium Duration fund and SBI Medium to Long Term Fund is a Medium to Long Duration fund. In the 3 years to 30-10-2026, Axis Medium Term Fund (Direct) returned 8.2% a year and SBI Medium to Long Term Fund (Direct) returned 6.5% a year. Axis Medium Term Fund charges 0.71% a year and SBI Medium to Long Term Fund 0.78% (Direct plans). Their portfolios overlap 20.8%: they hold 10 of the same securities.
Axis Medium Term Fund
Medium Duration
- 3 year return
- 8.2%
- Expense ratio
- 0.71%
- NAV
- ₹33.27
SBI Medium to Long Term Fund
Medium to Long Duration
- 3 year return
- 6.5%
- Expense ratio
- 0.78%
- NAV
- ₹79.62
Which is better, Axis Medium Term or SBI Medium to Long Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Medium Term returned more over 5 years: 7.2% a year against 6.0%.
- Axis Medium Term returned more over 3 years: 8.2% a year against 6.5%.
- Axis Medium Term costs less: 0.71% a year against 0.78% (Direct plans).
- Axis Medium Term swung less over 3 years: a standard deviation of 1.2% a year against 1.9%.
- Axis Medium Term fell less in its worst fall since 08-01-2013: −7.3% against −8.5%.
- SBI Medium to Long Term is the larger fund: ₹2,036 Cr against ₹1,972 Cr.
- Their portfolios overlap 20.8%: 10 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 | Axis Medium Term Fund | SBI Medium to Long Term Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | SBI Mutual Fund |
| Category | Medium Duration | Medium to Long Duration |
| AUM | ₹1,972 Cr (30-09-2026) | ₹2,036 Cr (30-09-2026) |
| NAV | ₹33.27 (Direct) | ₹79.62 (Direct) |
| Expense ratio (Direct) | 0.71% | 0.78% |
| Expense ratio (Regular) | 1.32% | 1.48% |
| Riskometer | Moderately High | Moderately High |
| Benchmark | NIFTY Medium Duration Debt Index A-III | CRISIL Medium to Long Duration Debt A-III Index |
| Launch date | 28-03-2012 | 25-11-1998 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Devang Shah, Akhil Thakker, Sachin Jain | Mohit Jain |
| Exit load | NIL | For units in excess of 10% of the investment, 1% will be charged for redemption within 1 year |
Axis Medium Term vs SBI Medium to Long 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 |
|---|---|---|---|---|---|---|---|
| Axis Medium Term Fund (Direct) | −0.24% | +0.15% | +2.91% | +5.40% | +8.16% | +7.20% | +7.69% |
| SBI Medium to Long Term Fund (Direct) | −0.61% | −0.73% | +1.82% | +3.11% | +6.52% | +6.02% | +7.33% |
| Medium Duration average | −0.34% | −0.09% | +2.51% | +4.72% | +7.66% | +6.88% | +6.78% |
| Medium to Long Duration average | −0.59% | −0.88% | +1.83% | +2.86% | +6.52% | +5.71% | +6.19% |
Category average: the average of the 13 Medium Duration funds and the 13 Medium to Long Duration funds, same plan type.
Axis Medium Term vs SBI Medium to Long Term: Year-wise Returns
| Year | Axis MediumAxis Medium Term | SBI Medium to LongSBI Medium to Long Term |
|---|---|---|
| 2026to date | +4.31% | +2.46% |
| 2025 | +8.91% | +6.63% |
| 2024 | +9.39% | +8.86% |
| 2023 | +8.04% | +7.92% |
| 2022 | +4.52% | +3.72% |
| 2021 | +5.95% | +4.27% |
Axis Medium Term vs SBI Medium to Long Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,622 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.
Axis Medium Term Fund (Direct)
SBI Medium to Long 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| SBI Medium to Long Term | 0.0 | 0.0 | 83.1 | 16.9 | 0.0 | 0.0 | 0.0 | 8.2% | 8.3% | 5.1% | 11.8% |
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.
Axis Medium Term vs SBI Medium to Long 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 08-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Medium TermAxis Medium Term Fund (Direct) | ₹16,60,000 | ₹29,72,864 | ₹13,12,864 | 8.0% |
| SBI Medium to Long TermSBI Medium to Long Term Fund (Direct) | ₹16,60,000 | ₹28,29,505 | ₹11,69,505 | 7.4% |
Axis Medium TermAxis Medium Term Fund (Direct)
SBI Medium to Long TermSBI Medium to Long 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.
Axis Medium Term vs SBI Medium to Long Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Medium Term Fund (Direct) | SBI Medium to Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.40% | +3.11% |
| Standard deviation | 1.40% | 2.08% |
| Sharpe ratio | 0.11 | -1.03 |
| Sortino ratio | 0.15 | -1.37 |
| Maximum drawdown | −0.7% (02-04-2026) | −1.6% (23-10-2026) |
| 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 | Axis Medium Term Fund (Direct) | SBI Medium to Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.16% | +6.52% |
| Standard deviation | 1.18% | 1.86% |
| Sharpe ratio | 1.81 | 0.27 |
| Sortino ratio | 2.72 | 0.37 |
| Maximum drawdown | −0.7% (02-04-2026) | −1.6% (23-10-2026) |
| 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 | Axis Medium Term Fund (Direct) | SBI Medium to Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.20% | +6.02% |
| Standard deviation | 1.25% | 1.94% |
| Sharpe ratio | 1.12 | 0.11 |
| Sortino ratio | 1.58 | 0.15 |
| Maximum drawdown | −1.2% (06-05-2022) | −1.9% (09-05-2022) |
| 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 | Axis Medium Term Fund (Direct) | SBI Medium to Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.44% | +7.75% |
| Standard deviation | 2.44% | 2.95% |
| Sharpe ratio | 0.98 | 0.58 |
| Sortino ratio | 1.36 | 0.82 |
| Maximum drawdown | −7.3% (19-08-2013) | −8.5% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 08-01-2013 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.
Axis Medium Term Fund (Direct)
SBI Medium to Long Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Medium Term Fund (Direct) | −7.3% | 27-05-2013 | 19-08-2013 | 20-01-2014 | 5 months | −0.4% |
| SBI Medium to Long Term Fund (Direct) | −8.5% | 27-05-2013 | 19-08-2013 | 04-06-2014 | 9 months | −1.4% |
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.
Axis Medium Term Fund (Direct)
SBI Medium to Long 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.
Axis Medium Term Fund (Direct)
SBI Medium to Long 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.
Axis Medium Term Fund (Direct)
SBI Medium to Long Term Fund (Direct)
Axis Medium Term vs SBI Medium to Long Term: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Medium Term Fund, September 2026; SBI Medium to Long Term Fund, September 2026
Holdings in common
- Overlap
- 20.8%
- Held by both
- 10
- Only in Axis Medium Term
- 67
- Only in SBI Medium to Long Term
- 19
| Security | % of Axis Medium Term | % of SBI Medium to Long Term |
|---|---|---|
| 6.94% Government of India (11/05/2036) | 8.85% | 8.45% |
| 8% Adani Power Limited (27/01/2028) | 3.03% | 3.42% |
| JSW Kalinga Steel Limited (23/03/2029) (ZCB) | 2.37% | 3.83% |
| 6.9% Government of India (15/04/2065) | 1.96% | 2.20% |
| JTPM Metal Traders Limited (29/09/2028) (ZCB) | 1.37% | 3.18% |
| 6.68% Government of India (07/07/2040) | 1.20% | 4.64% |
| Siddhivinayak Securitisation Trust (28/09/2030) | 0.92% | 2.35% |
| Shivshakti Securitisation Trust (28/09/2029) | 0.92% | 2.34% |
| Raajmarg Infra Investment Trust | 1.08% | 0.31% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | 0.32% | 0.31% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 20.8% means 20.8% 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 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% |
| Jubilant Bevco Limited (31/05/2028) (ZCB) | 3.14% |
| 7.18% Tamilnadu State Development Loans (03/12/2033) | 3.14% |
| 9.5% Delhi International Airport Limited (22/03/2034) | 2.84% |
Largest holdings only in SBI Medium to Long Term Fund
| Security | % of fund |
|---|---|
| 7.24% CGL 2055 | 11.65% |
| Muthoot Finance Ltd. | 4.91% |
| 6.90% State Government of Bihar 2035 | 4.62% |
| Torrent Power Ltd. | 3.71% |
| Indostar Capital Finance Ltd. | 3.41% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Medium Term | SBI Medium to Long Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 95.0% | 85.6% |
| Cash and others | 5.0% | 14.4% |
Axis Medium Term vs SBI Medium to Long Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Medium Term Fund | SBI Medium to Long Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.71% | 0.78% |
| Base expense ratio (Direct) | 0.60% | 0.66% |
| Total expense ratio (Regular) | 1.32% | 1.48% |
| Base expense ratio (Regular) | 1.12% | 1.26% |
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 Axis Medium Term with
Compare SBI Medium to Long Term with
Axis Medium Term Fund vs SBI Medium to Long Term Fund: Frequently Asked Questions
What is the difference between Axis Medium Term Fund and SBI Medium to Long Term Fund?
Axis Medium Term Fund is a Medium Duration fund, SBI Medium to Long Term Fund is a Medium to Long Duration fund, run by Axis Mutual Fund and SBI Mutual Fund. Their portfolios overlap 20.8%. Axis Medium Term Fund charges 0.71% a year and SBI Medium to Long Term Fund 0.78%.
Which has given higher returns, Axis Medium Term Fund or SBI Medium to Long Term Fund?
Over 1 year: Axis Medium Term Fund +5.40%, SBI Medium to Long Term Fund +3.11%. Over 3 years: Axis Medium Term Fund +8.16% a year, SBI Medium to Long Term Fund +6.52% a year. Over 5 years: Axis Medium Term Fund +7.20% a year, SBI Medium to Long Term Fund +6.02% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Medium Term Fund or SBI Medium to Long Term Fund?
Axis Medium Term Fund charges less: 0.71% a year against 0.78%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Medium Term Fund and SBI Medium to Long Term Fund overlap?
20.8%. They hold 10 of the same securities, the largest shared ones being 6.94% Government of India (11/05/2036), 8% Adani Power Limited (27/01/2028), JSW Kalinga Steel Limited (23/03/2029) (ZCB). From each fund's latest monthly portfolio.
Which is riskier, Axis Medium Term Fund or SBI Medium to Long Term Fund?
On SEBI's riskometer, Axis Medium Term Fund is rated Moderately High and SBI Medium to Long Term Fund Moderately High. Over 3 years, the standard deviation of daily returns was 1.18% and 1.86% a year.
Which is better for SIP, Axis Medium Term Fund or SBI Medium to Long Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,38,914 in Axis Medium Term Fund (XIRR 7.5% a year) and ₹7,11,343 in SBI Medium to Long Term Fund (XIRR 6.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Medium Term Fund and SBI Medium to Long Term Fund?
Yes. 20.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Medium Term Fund and SBI Medium to Long Term Fund?
Axis Medium Term Fund: Devang Shah, Akhil Thakker, Sachin Jain. SBI Medium to Long Term Fund: Mohit 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.