Bandhan Medium Term Fund vs Bandhan Medium to Long Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Medium Term Fund is a Medium Duration fund and Bandhan Medium to Long Term Fund is a Medium to Long Duration fund. In the 3 years to 30-10-2026, Bandhan Medium Term Fund (Direct) returned 7.5% a year and Bandhan Medium to Long Term Fund (Direct) returned 6.8% a year. Bandhan Medium Term Fund charges 0.66% a year and Bandhan Medium to Long Term Fund 0.98% (Direct plans). Their portfolios overlap 18.7%: they hold 12 of the same securities.
Bandhan Medium Term Fund
Medium Duration
- 3 year return
- 7.5%
- Expense ratio
- 0.66%
- NAV
- ₹53.41
Bandhan Medium to Long Term Fund
Medium to Long Duration
- 3 year return
- 6.8%
- Expense ratio
- 0.98%
- NAV
- ₹75.01
Which is better, Bandhan Medium Term or Bandhan 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.
- Bandhan Medium Term returned more over 5 years: 6.0% a year against 5.3%.
- Bandhan Medium Term returned more over 3 years: 7.5% a year against 6.8%.
- Bandhan Medium Term costs less: 0.66% a year against 0.98% (Direct plans).
- Bandhan Medium Term swung less over 3 years: a standard deviation of 1.3% a year against 2.1%.
- Bandhan Medium Term fell less in its worst fall since 02-01-2013: −3.6% against −6.9%.
- Bandhan Medium Term is the larger fund: ₹1,244 Cr against ₹428 Cr.
- Their portfolios overlap 18.7%: 12 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 | Bandhan Medium Term Fund | Bandhan Medium to Long Term Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Bandhan Mutual Fund |
| Category | Medium Duration | Medium to Long Duration |
| AUM | ₹1,244 Cr (30-09-2026) | ₹428 Cr (30-09-2026) |
| NAV | ₹53.41 (Direct) | ₹75.01 (Direct) |
| Expense ratio (Direct) | 0.66% | 0.98% |
| Expense ratio (Regular) | 1.36% | 2.00% |
| Riskometer | Low to Moderate | Moderate |
| Benchmark | NIFTY Medium Duration Debt Index A-III | NIFTY Medium to Long Duration Debt Index A-III |
| Launch date | 27-06-2003 | 14-06-2000 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Suyash Choudhary | Suyash Choudhary |
| Exit load | Nil | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days. |
Bandhan Medium Term vs Bandhan 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 |
|---|---|---|---|---|---|---|---|
| Bandhan Medium Term Fund (Direct) | +0.04% | +0.68% | +3.33% | +5.37% | +7.50% | +6.01% | +6.83% |
| Bandhan Medium to Long Term Fund (Direct) | +0.01% | +0.38% | +3.29% | +5.36% | +6.83% | +5.29% | +6.50% |
| 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.
Bandhan Medium Term vs Bandhan Medium to Long Term: Year-wise Returns
| Year | TermBandhan Medium Term | to Long TermBandhan Medium to Long Term |
|---|---|---|
| 2026to date | +4.66% | +4.75% |
| 2025 | +7.32% | +4.70% |
| 2024 | +8.38% | +8.66% |
| 2023 | +7.18% | +6.66% |
| 2022 | +1.92% | +1.27% |
| 2021 | +3.13% | +1.90% |
Bandhan Medium Term vs Bandhan Medium to Long Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,627 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.
Bandhan Medium Term Fund (Direct)
Bandhan 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Medium Term | 0.0 | 9.9 | 85.6 | 4.5 | 0.0 | 0.0 | 0.0 | 7.5% | 7.8% | 3.7% | 10.7% |
| Bandhan Medium to Long Term | 0.0 | 14.4 | 71.2 | 14.4 | 0.0 | 0.0 | 0.0 | 7.6% | 7.6% | 2.8% | 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.
Bandhan Medium Term vs Bandhan 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Medium TermBandhan Medium Term Fund (Direct) | ₹16,60,000 | ₹27,56,877 | ₹10,96,877 | 7.0% |
| Bandhan Medium to Long TermBandhan Medium to Long Term Fund (Direct) | ₹16,60,000 | ₹27,02,450 | ₹10,42,450 | 6.7% |
Bandhan Medium TermBandhan Medium Term Fund (Direct)
Bandhan Medium to Long TermBandhan 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.
Bandhan Medium Term vs Bandhan Medium to Long Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Medium Term Fund (Direct) | Bandhan Medium to Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.37% | +5.36% |
| Standard deviation | 1.46% | 2.07% |
| Sharpe ratio | 0.08 | 0.05 |
| Sortino ratio | 0.13 | 0.09 |
| Maximum drawdown | −0.6% (02-04-2026) | −0.8% (31-08-2026) |
| 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 | Bandhan Medium Term Fund (Direct) | Bandhan Medium to Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.50% | +6.83% |
| Standard deviation | 1.33% | 2.12% |
| Sharpe ratio | 1.11 | 0.38 |
| Sortino ratio | 1.72 | 0.56 |
| Maximum drawdown | −0.8% (26-08-2025) | −1.9% (29-08-2025) |
| 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 | Bandhan Medium Term Fund (Direct) | Bandhan Medium to Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.01% | +5.29% |
| Standard deviation | 1.78% | 2.37% |
| Sharpe ratio | 0.12 | -0.21 |
| Sortino ratio | 0.16 | -0.29 |
| Maximum drawdown | −3.2% (06-05-2022) | −3.5% (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 | Bandhan Medium Term Fund (Direct) | Bandhan Medium to Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.49% | +7.50% |
| Standard deviation | 1.93% | 3.48% |
| Sharpe ratio | 0.75 | 0.42 |
| Sortino ratio | 1.07 | 0.60 |
| Maximum drawdown | −3.6% (19-08-2013) | −6.9% (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.
Bandhan Medium Term Fund (Direct)
Bandhan 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 |
|---|---|---|---|---|---|---|
| Bandhan Medium Term Fund (Direct) | −3.6% | 19-06-2013 | 19-08-2013 | 08-10-2013 | 50 days | −0.1% |
| Bandhan Medium to Long Term Fund (Direct) | −6.9% | 27-05-2013 | 19-08-2013 | 20-01-2014 | 5 months | −0.6% |
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.
Bandhan Medium Term Fund (Direct)
Bandhan 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.
Bandhan Medium Term Fund (Direct)
Bandhan 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.
Bandhan Medium Term Fund (Direct)
Bandhan Medium to Long Term Fund (Direct)
Bandhan Medium Term vs Bandhan Medium to Long Term: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Medium Term Fund, September 2026; Bandhan Medium to Long Term Fund, September 2026
Holdings in common
- Overlap
- 18.7%
- Held by both
- 12
- Only in Bandhan Medium Term
- 23
- Only in Bandhan Medium to Long Term
- 9
| Security | % of Bandhan Medium Term | % of Bandhan Medium to Long Term |
|---|---|---|
| Axis Bank Limited | 4.37% | 3.47% |
| 7.48% National Bank For Agriculture and Rural Development | 3.20% | 5.81% |
| Punjab National Bank | 2.36% | 4.57% |
| 7.1% Bajaj Housing Finance Limited | 1.97% | 2.29% |
| Canara Bank | 1.97% | 5.74% |
| Small Industries Dev Bank of India | 1.89% | 5.49% |
| 7.3% GOI (MD 19/06/2053) | 1.70% | 1.57% |
| Small Industries Dev Bank of India | 4.90% | 1.10% |
| 7.24% GOI (MD 18/08/2055) | 0.53% | 0.67% |
| Corporate Debt Market Development Fund Class A2 | 0.49% | 0.35% |
| 8.098% Tata Capital Limited | 0.24% | 0.47% |
| 6.79% GOI (MD 15/05/2027) | 0.02% | 0.23% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.7% means 18.7% 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 Bandhan Medium Term Fund
| Security | % of fund |
|---|---|
| 7.75% Tata Capital Housing Finance Limited | 8.44% |
| 8.04% Bajaj Housing Finance Limited | 8.05% |
| HDFC Bank Limited | 7.88% |
| 7.53% National Bank For Agriculture and Rural Development | 6.01% |
| 7.35% Export Import Bank of India | 4.00% |
Largest holdings only in Bandhan Medium to Long Term Fund
| Security | % of fund |
|---|---|
| 7.85% Bajaj Finance Limited | 5.81% |
| 7.46% Indian Railway Finance Corporation Limited | 5.81% |
| 7.14% Export Import Bank of India | 5.76% |
| 7.88% Bajaj Finance Limited | 2.33% |
| 7.685% Tata Capital Housing Finance Limited | 2.32% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Medium Term | Bandhan Medium to Long Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 86.5% | 56.7% |
| Cash and others | 13.5% | 43.3% |
Bandhan Medium Term vs Bandhan Medium to Long Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Medium Term Fund | Bandhan Medium to Long Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.66% | 0.98% |
| Base expense ratio (Direct) | 0.55% | 0.81% |
| Total expense ratio (Regular) | 1.36% | 2.00% |
| Base expense ratio (Regular) | 1.15% | 1.68% |
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 Bandhan Medium Term with
Bandhan Medium Term Fund vs Bandhan Medium to Long Term Fund: Frequently Asked Questions
What is the difference between Bandhan Medium Term Fund and Bandhan Medium to Long Term Fund?
Bandhan Medium Term Fund is a Medium Duration fund, Bandhan Medium to Long Term Fund is a Medium to Long Duration fund, run by Bandhan Mutual Fund. Their portfolios overlap 18.7%. Bandhan Medium Term Fund charges 0.66% a year and Bandhan Medium to Long Term Fund 0.98%.
Which has given higher returns, Bandhan Medium Term Fund or Bandhan Medium to Long Term Fund?
Over 1 year: Bandhan Medium Term Fund +5.37%, Bandhan Medium to Long Term Fund +5.36%. Over 3 years: Bandhan Medium Term Fund +7.50% a year, Bandhan Medium to Long Term Fund +6.83% a year. Over 5 years: Bandhan Medium Term Fund +6.01% a year, Bandhan Medium to Long Term Fund +5.29% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Medium Term Fund or Bandhan Medium to Long Term Fund?
Bandhan Medium Term Fund charges less: 0.66% a year against 0.98%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Medium Term Fund and Bandhan Medium to Long Term Fund overlap?
18.7%. They hold 12 of the same securities, the largest shared ones being Axis Bank Limited, 7.48% National Bank For Agriculture and Rural Development, Punjab National Bank. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Medium Term Fund or Bandhan Medium to Long Term Fund?
On SEBI's riskometer, Bandhan Medium Term Fund is rated Low to Moderate and Bandhan Medium to Long Term Fund Moderate. Over 3 years, the standard deviation of daily returns was 1.33% and 2.12% a year.
Which is better for SIP, Bandhan Medium Term Fund or Bandhan 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 ₹7,23,662 in Bandhan Medium Term Fund (XIRR 6.7% a year) and ₹7,08,844 in Bandhan Medium to Long Term Fund (XIRR 5.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Medium Term Fund and Bandhan Medium to Long Term Fund?
Yes. 18.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bandhan Medium Term Fund and Bandhan Medium to Long Term Fund?
Bandhan Medium Term Fund: Suyash Choudhary. Bandhan Medium to Long Term Fund: Suyash Choudhary.
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.