HDFC Long Term Fund vs Nippon India Medium to Long Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Long Term Fund is a Long Duration fund and Nippon India Medium to Long Term Fund is a Medium to Long Duration fund. In the 3 years to 30-10-2026, HDFC Long Term Fund (Direct) returned 5.7% a year and Nippon India Medium to Long Term Fund (Direct) returned 6.5% a year. HDFC Long Term Fund charges 0.28% a year and Nippon India Medium to Long Term Fund 0.67% (Direct plans). Their portfolios overlap 21.0%: they hold 4 of the same securities.
Nippon India Medium to Long Term Fund
Medium to Long Duration
- 3 year return
- 6.5%
- Expense ratio
- 0.67%
- NAV
- ₹104.04
Which is better, HDFC Long Term or Nippon India 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.
- Nippon India Medium to Long Term returned more over 3 years: 6.5% a year against 5.7%.
- Nippon India Medium to Long Term returned more over 1 year: 3.0% against −0.0%.
- HDFC Long Term costs less: 0.28% a year against 0.67% (Direct plans).
- Nippon India Medium to Long Term swung less over 3 years: a standard deviation of 2.2% a year against 4.1%.
- Nippon India Medium to Long Term fell less in its worst fall since 20-01-2023: −2.1% against −6.0%.
- HDFC Long Term is the larger fund: ₹2,577 Cr against ₹312 Cr.
- Their portfolios overlap 21.0%: 4 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 | HDFC Long Term Fund | Nippon India Medium to Long Term Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Nippon India Mutual Fund |
| Category | Long Duration | Medium to Long Duration |
| AUM | ₹2,577 Cr (30-09-2026) | ₹312 Cr (30-09-2026) |
| NAV | ₹12.28 (Direct) | ₹104.04 (Direct) |
| Expense ratio (Direct) | 0.28% | 0.67% |
| Expense ratio (Regular) | 0.62% | 1.48% |
| Riskometer | Moderately High | Moderate |
| Benchmark | NIFTY Long Duration Debt Index A-III | NIFTY Medium to Long Duration Debt Index A-III |
| Launch date | 20-01-2023 | 01-01-1998 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Amar Kalkundrikar, Gopal Agrawal | Vivek Sharma |
| Exit load | Nil | Exit load of 0.25% if redeemed within 15 days |
HDFC Long Term vs Nippon India 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 |
|---|---|---|---|---|---|---|---|
| HDFC Long Term Fund (Direct) | −1.53% | −2.48% | +0.53% | −0.02% | +5.68% | -- | -- |
| Nippon India Medium to Long Term Fund (Direct) | −0.66% | −1.06% | +1.87% | +3.00% | +6.53% | +5.91% | +6.75% |
| Long Duration average | −1.14% | −2.16% | +0.90% | +0.63% | +5.83% | -- | -- |
| 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 11 Long Duration funds and the 13 Medium to Long Duration funds, same plan type.
HDFC Long Term vs Nippon India Medium to Long Term: Year-wise Returns
| Year | HDFCHDFC Long Term | Nippon India Medium toNippon India Medium to Long Term |
|---|---|---|
| 2026to date | −0.54% | +2.38% |
| 2025 | +3.41% | +5.84% |
| 2024 | +11.77% | +9.09% |
| 2023 | -- | +7.81% |
| 2022 | -- | +4.49% |
| 2021 | -- | +2.41% |
HDFC Long Term vs Nippon India Medium to Long Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 187 of them, one for each trading day from 20-01-2026 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.
HDFC Long Term Fund (Direct)
Nippon India Medium to Long Term Fund (Direct)
to
Feb 2026Mar 2023
to
Mar 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Long Term | 0.0 | 2.7 | 97.3 | 0.0 | 0.0 | 0.0 | 0.0 | 6.3% | 6.2% | 4.7% | 7.4% |
| Nippon India Medium to Long Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.9% | 6.9% | 6.1% | 7.6% |
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 20-01-2023. Past returns do not promise future returns.
HDFC Long Term vs Nippon India 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 20-01-2023 to 30-10-2026: 46 instalments, ₹4,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Long TermHDFC Long Term Fund (Direct) | ₹4,60,000 | ₹4,92,277 | ₹32,277 | 3.5% |
| Nippon India Medium to Long TermNippon India Medium to Long Term Fund (Direct) | ₹4,60,000 | ₹5,09,908 | ₹49,908 | 5.3% |
HDFC Long TermHDFC Long Term Fund (Direct)
Nippon India Medium to Long TermNippon India 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.
HDFC Long Term vs Nippon India Medium to Long Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Long Term Fund (Direct) | Nippon India Medium to Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.02% | +3.00% |
| Standard deviation | 4.94% | 2.37% |
| Sharpe ratio | -1.07 | -0.95 |
| Sortino ratio | -1.42 | -1.25 |
| Maximum drawdown | −4.3% (02-04-2026) | −2.1% (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 | HDFC Long Term Fund (Direct) | Nippon India Medium to Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.68% | +6.53% |
| Standard deviation | 4.13% | 2.16% |
| Sharpe ratio | -0.08 | 0.23 |
| Sortino ratio | -0.11 | 0.32 |
| Maximum drawdown | −6.0% (02-04-2026) | −2.1% (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 | HDFC Long Term Fund (Direct) | Nippon India Medium to Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.60% | +7.58% |
| Standard deviation | 4.07% | 3.48% |
| Sharpe ratio | -0.14 | 0.44 |
| Sortino ratio | -0.19 | 0.62 |
| Maximum drawdown | −6.0% (02-04-2026) | −9.9% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 20-01-2023 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.
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.
HDFC Long Term Fund (Direct)
Nippon India 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 |
|---|---|---|---|---|---|---|
| HDFC Long Term Fund (Direct) | −6.0% | 28-05-2025 | 02-04-2026 | 25-06-2026 | 3 months | −3.9% |
| Nippon India Medium to Long Term Fund (Direct) | −2.1% | 14-08-2026 | 23-10-2026 | Not yet | -- | −1.8% |
From daily values since 20-01-2023, 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.
HDFC Long Term Fund (Direct)
Nippon India 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.
HDFC Long Term Fund (Direct)
Nippon India Medium to Long Term Fund (Direct)
HDFC Long Term vs Nippon India Medium to Long Term: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Long Term Fund, September 2026; Nippon India Medium to Long Term Fund, September 2026
Holdings in common
- Overlap
- 21.0%
- Held by both
- 4
- Only in HDFC Long Term
- 7
- Only in Nippon India Medium to Long Term
- 5
| Security | % of HDFC Long Term | % of Nippon India Medium to Long Term |
|---|---|---|
| 7.09% GOI MAT 050854 | 19.40% | 10.48% |
| 6.9% GOI MAT 150465 | 8.44% | 11.50% |
| 7.24% GOI MAT 180855 | 1.66% | 6.08% |
| Corporate Debt Market Development Fund | 0.63% | 0.40% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 21.0% means 21.0% 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 HDFC Long Term Fund
| Security | % of fund |
|---|---|
| 7.3% GOI MAT 190653 | 29.06% |
| 7.36% GOI MAT 120952 | 18.69% |
| 7.34% GOI MAT 220464 | 7.82% |
| 6.99% GOI MAT 151251 | 6.46% |
| 6.62% GOI MAT 281151 | 2.72% |
Largest holdings only in Nippon India Medium to Long Term Fund
| Security | % of fund |
|---|---|
| 7.03% State Government Securities | 9.52% |
| 7.71% Government of India | 8.01% |
| 7.44% National Bank For Agriculture and Rural Development | 7.98% |
| 6.79% State Government Securities | 7.43% |
| 6.9% REC Limited | 1.55% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Long Term | Nippon India Medium to Long Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 97.3% | 62.5% |
| Cash and others | 2.7% | 37.5% |
HDFC Long Term vs Nippon India Medium to Long Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Long Term Fund | Nippon India Medium to Long Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.28% | 0.67% |
| Base expense ratio (Direct) | 0.24% | 0.57% |
| Total expense ratio (Regular) | 0.62% | 1.48% |
| Base expense ratio (Regular) | 0.53% | 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 HDFC Long Term with
Compare Nippon India Medium to Long Term with
- Nippon India Medium to Long Term vs LIC MF Medium to Long Term
- Nippon India Medium to Long Term vs Bandhan Medium to Long Term
- Nippon India Medium to Long Term vs Kotak Medium to Long Term
- Nippon India Medium to Long Term vs ICICI Prudential Medium to Long Term
- Nippon India Medium to Long Term vs HDFC Medium to Long Term
HDFC Long Term Fund vs Nippon India Medium to Long Term Fund: Frequently Asked Questions
What is the difference between HDFC Long Term Fund and Nippon India Medium to Long Term Fund?
HDFC Long Term Fund is a Long Duration fund, Nippon India Medium to Long Term Fund is a Medium to Long Duration fund, run by HDFC Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 21.0%. HDFC Long Term Fund charges 0.28% a year and Nippon India Medium to Long Term Fund 0.67%.
Which has given higher returns, HDFC Long Term Fund or Nippon India Medium to Long Term Fund?
Over 1 year: HDFC Long Term Fund −0.02%, Nippon India Medium to Long Term Fund +3.00%. Over 3 years: HDFC Long Term Fund +5.68% a year, Nippon India Medium to Long Term Fund +6.53% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Long Term Fund or Nippon India Medium to Long Term Fund?
HDFC Long Term Fund charges less: 0.28% a year against 0.67%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Long Term Fund and Nippon India Medium to Long Term Fund overlap?
21.0%. They hold 4 of the same securities, the largest shared ones being 7.09% GOI MAT 050854, 6.9% GOI MAT 150465, 7.24% GOI MAT 180855. From each fund's latest monthly portfolio.
Which is riskier, HDFC Long Term Fund or Nippon India Medium to Long Term Fund?
On SEBI's riskometer, HDFC Long Term Fund is rated Moderately High and Nippon India Medium to Long Term Fund Moderate. Over 3 years, the standard deviation of daily returns was 4.13% and 2.16% a year.
Which is better for SIP, HDFC Long Term Fund or Nippon India Medium to Long Term Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,84,538 in HDFC Long Term Fund (XIRR 2.5% a year) and ₹3,98,482 in Nippon India Medium to Long Term Fund (XIRR 4.8% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Long Term Fund and Nippon India Medium to Long Term Fund?
Yes. 21.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC Long Term Fund and Nippon India Medium to Long Term Fund?
HDFC Long Term Fund: Amar Kalkundrikar, Gopal Agrawal. Nippon India Medium to Long Term Fund: Vivek Sharma.
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.