HDFC Medium Term Fund is a Medium Duration fund run by HDFC Mutual Fund. On 30-09-2026, it managed ₹3,499 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.7% a year and its Regular plan returned 7.0% a year. Its benchmark, NIFTY Medium Duration Debt Index A-III, returned 6.4% a year over the same 3 years.
NAV (Direct plan)
₹65.92
▲ 0.06% · 30-10-2026
NAV (Regular plan)
₹60.23
▲ 0.06% · 30-10-2026
Expense ratio
0.70%Direct1.30%Regular
0.70%
A year
Riskometer
Moderately High
Set by the fund house
3 year return
7.7%Direct7.0%Regular
7.7%
A year
HDFC Medium Term Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹65.92 (up 0.06% that day); Regular Plan Growth ₹60.23 (up 0.06% that day).
This fund (Direct plan)
₹65.9177
HDFC Medium Term Fund Returns vs NIFTY Medium Duration Debt Index A-III
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−0.13%
+0.40%
+3.01%
+5.43%
+7.71%
+6.68%
+7.36%
This fund (Regular)
−0.18%
+0.24%
+2.70%
+4.77%
+7.01%
+5.96%
+6.58%
NIFTY Medium Duration Debt Index A-III
−0.45%
−0.64%
+1.96%
+2.80%
+6.40%
+5.32%
--
Medium Duration average
−0.34%
−0.09%
+2.51%
+4.72%
+7.66%
+6.88%
+6.78%
Best in Medium Duration
+0.04%
+0.68%
+3.33%
+7.48%
+10.39%
+12.54%
+8.95%
Worst in Medium Duration
−0.61%
−1.06%
+1.34%
+2.45%
+5.74%
+4.74%
+3.51%
Rank in Medium Duration
2/13
2/13
3/13
3/13
6/13
6/12
5/11
Category rows compare the Direct plans of 13 Medium Duration funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.
HDFC Medium Term Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+4.40%
+3.86%
2025
+8.38%
+7.68%
2024
+8.79%
+8.05%
2023
+7.50%
+6.75%
2022
+3.60%
+2.89%
2021
+5.85%
+5.03%
HDFC Medium Term Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,620 periods, one for each trading day from 01-01-2016 to 30-10-2026.
0%2%4%6%8%10%12%
HDFC Medium Term Fund (Direct)
Category average, 13 Medium Duration funds
Nov 2013 to Nov 2016Sept 2015 to Sept 2018Jul 2017 to Jul 2020May 2019 to May 2022Mar 2021 to Mar 2024Dec 2022 to Dec 2025
HDFC Medium Term Fund (Direct)Category average, 13 Medium Duration funds
0%
0%
Below 0%
0%
0%
0-5%
93%
88%
5-10%
7%
12%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
3,097
8.3%
2.1%
13.3%
0%
7.7%
43%
2 years
2,861
8.4%
4.6%
11.7%
0%
7.8%
32%
3 years
2,620
8.1%
5.5%
11.3%
0%
7.5%
34%
5 years
2,137
7.7%
6.6%
9.5%
0%
7.4%
59%
7 years
1,655
7.9%
6.9%
9.6%
0%
7.4%
100%
10 years
926
8.1%
7.3%
8.5%
0%
7.8%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
154
8.1%
0.9%
15.6%
0%
7.8%
41%
2 years
142
8.4%
3.7%
12.3%
0%
7.7%
34%
3 years
130
8.0%
5.3%
11.6%
0%
7.4%
34%
5 years
106
7.8%
6.6%
9.3%
0%
7.4%
52%
7 years
82
7.5%
7.0%
9.2%
0%
7.4%
80%
10 years
46
7.6%
7.3%
7.9%
0%
7.4%
100%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 13 Medium Duration funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
HDFC Medium Term Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
HDFC Medium Term Fund (Direct)This fund
Category average
Return (CAGR)
+5.43%
+4.71%
Standard deviation
1.39%
1.39%
Sharpe ratio
0.13
-0.38
Sortino ratio
0.19
-0.54
Maximum drawdown
−0.61%
(02-04-2026)
−0.87%
(23-10-2026)
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.
Measure
HDFC Medium Term Fund (Direct)This fund
Category average
Return (CAGR)
+7.71%
+7.66%
Standard deviation
1.16%
1.18%
Sharpe ratio
1.45
1.39
Sortino ratio
2.14
2.08
Maximum drawdown
−0.61%
(02-04-2026)
−0.87%
(23-10-2026)
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.
Measure
HDFC Medium Term Fund (Direct)This fund
Category average
Return (CAGR)
+6.68%
+6.88%
Standard deviation
1.27%
1.43%
Sharpe ratio
0.69
0.76
Sortino ratio
0.92
1.14
Maximum drawdown
−1.9%
(06-05-2022)
−1.8%
(06-05-2022)
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.
Measure
HDFC Medium Term Fund (Direct)This fund
Category average
Return (CAGR)
+7.36%
+7.03%
Standard deviation
1.69%
1.86%
Sharpe ratio
1.16
0.88
Sortino ratio
1.70
1.32
Maximum drawdown
−2.7%
(19-03-2020)
−3.3%
(23-03-2020)
From daily NAVs, 28-10-2016 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.
Measure
HDFC Medium Term Fund (Direct)This fund
Category average
Return (CAGR)
+8.02%
+7.88%
Standard deviation
1.71%
2.03%
Sharpe ratio
1.15
0.90
Sortino ratio
1.62
1.29
Maximum drawdown
−3.5%
(19-08-2013)
−5.0%
(19-08-2013)
From daily NAVs, 01-01-2013 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.
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.
−6%−5%−4%−3%−2%−1%0%
HDFC Medium Term Fund (Direct)
Category average, 13 Medium Duration funds
2014201620182020202220242026
HDFC Medium Term Fund (Direct)Category average, 13 Medium Duration funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
HDFC Medium Term Fund (Direct)
−3.5%
19-06-2013
19-08-2013
07-10-2013
49 days
−0.29%
Category average
−5.0%
06-06-2013
19-08-2013
05-12-2013
4 months
−0.70%
From the Direct plan's daily NAV since 01-01-2013, adjusted for unit splits, and the average of the 13 Medium Duration funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
HDFC Medium Term Fund vs Other Medium Duration Funds
The five Medium Duration funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
HDFC Medium Term Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-09-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Medium Duration median
Cost rank (1 = cheapest)
Direct
0.59%
0.00%
0.00%
0.11%
0.70%
0.70%
7/13
Regular
1.11%
0.00%
0.00%
0.19%
1.30%
1.32%
6/13
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Medium Duration funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
4.77%
5.43%
0.66%
₹1,04,770
₹1,05,430
3 years
7.01%
7.71%
0.70% a year
₹1,22,539
₹1,24,959
5 years
5.96%
6.68%
0.72% a year
₹1,33,570
₹1,38,170
10 years
6.58%
7.36%
0.78% a year
₹1,89,129
₹2,03,435
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
HDFC Medium Term Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planHDFC Medium Term Fund (Direct)
₹16,60,000
₹28,84,886
₹12,24,886
7.6%
Regular planHDFC Medium Term Fund (Regular)
₹16,60,000
₹27,27,243
₹10,67,243
6.9%
Category averageCategory average, 13 Medium Duration funds
₹16,60,000
₹28,40,645
₹11,80,645
7.4%
₹0₹10.0 L₹20.0 L₹30.0 L
Direct planHDFC Medium Term Fund (Direct)
Regular planHDFC Medium Term Fund (Regular)
Category averageCategory average, 13 Medium Duration funds
Amount invested
2014201620182020202220242026
Direct planHDFC Medium Term Fund (Direct)Regular planHDFC Medium Term Fund (Regular)Category averageCategory average, 13 Medium Duration fundsAmount invested
From each plan's published NAV (Growth option) and the category average, 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 Medium Term Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
93.1%Debt
Asset
Fund
Category
Debt
93.1%
82.7%
Cash and others
6.9%
17.3%
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 13 Medium Duration funds.
Rating
Fund
Category
Sovereign
9.1%
23.6%
AAA and A1+
31.2%
26.1%
AA
50.0%
30.9%
A and below
2.8%
2.1%
HDFC Medium Term Fund Portfolio Holdings
As on 30-09-2026 · 65 holdings · from the fund house's monthly portfolio
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
HDFC Medium Term Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.70%
Expense ratio (Regular)
1.30%
Category
Medium Duration
Risk
Moderately High
Benchmark
NIFTY Medium Duration Debt Index A-III
Launch date
06-02-2002
Minimum investment
₹100
Minimum additional investment
₹100
AUM
₹3,498.90 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
119081
ISIN (Direct)
INF179K01WI9
Scheme code (Regular)
101989
ISIN (Regular)
INF179K01913
NAV history
From 01-01-2013, 13.8 years
Exit load
NIL
Tax on HDFC Medium Term Fund returns
HDFC Medium Term Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹65.9177
30-10-2026
direct
Fortnightly IDCW
₹10.0749
30-10-2026
direct
IDCW
₹22.0257
30-10-2026
regular
Growth
₹60.2272
30-10-2026
regular
Fornightly IDCW
₹10.0665
30-10-2026
regular
IDCW
₹20.3242
30-10-2026
About HDFC Medium Term Fund
HDFC Medium Term Fund is a mutual fund from HDFC Mutual Fund. Its category is Medium Duration. It was launched on 06-02-2002. Its benchmark is NIFTY Medium Duration Debt Index A-III. At the end of September 2026 it held 65 securities.
Frequently Asked Questions for HDFC Medium Term Fund
What is the current NAV of HDFC Medium Term Fund?
The Direct plan NAV is ₹65.9177. The Regular plan NAV is ₹60.2272, as on 30-10-2026.
What are the returns of HDFC Medium Term Fund?
The Direct plan returned +5.43% in 1 year, +7.71% a year over 3 years, +6.68% a year over 5 years. The Regular plan returned +4.77% in 1 year, +7.01% a year over 3 years, +5.96% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of HDFC Medium Term Fund?
The Direct plan charges 0.70% a year. The Regular plan charges 1.30% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.
What is the AUM of HDFC Medium Term Fund?
HDFC Medium Term Fund managed ₹3,498.90 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of HDFC Medium Term Fund?
At the end of September 2026 the largest holdings were Siddhivinayak Securitisation Trust (Originator - Sikka Ports & Terminals Limited) (4.78%), GMR Airports Limited (4.55%), National Bank for Agri & Rural Dev. (3.55%), 182 Days TBILL MAT 180327 (3.48%), Jubilant Beverages Limited (3.43%). The fund held 65 securities in all.
How do I invest in HDFC Medium Term Fund?
Through HDFC Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
Track HDFC Medium Term Fund in WealthGamma
Add this fund once. WealthGamma updates its value every day and shows it next to your stocks, gold, deposits and loans.