Nippon India Medium Term Fund is a Medium Duration fund run by Nippon India Mutual Fund. On 30-09-2026, it managed ₹146 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 8.2% a year and its Regular plan returned 7.6% a year.
NAV (Direct plan)
₹18.33
▲ 0.02% · 30-10-2026
NAV (Regular plan)
₹16.80
▲ 0.01% · 30-10-2026
Expense ratio
0.50%Direct1.08%Regular
0.50%
A year
Riskometer
Moderately High
Set by the fund house
3 year return
8.2%Direct7.6%Regular
8.2%
A year
Nippon India Medium Term Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹18.33 (up 0.02% that day); Regular Plan Growth ₹16.80 (up 0.01% that day).
This fund (Direct plan)
₹18.3251
Nippon India Medium Term Fund Returns vs Medium Duration Funds
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)
−0.28%
+0.08%
+2.62%
+4.94%
+8.23%
+6.75%
+3.51%
This fund (Regular)
−0.33%
−0.07%
+2.33%
+4.36%
+7.64%
+6.17%
+2.81%
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
4/13
6/13
8/13
8/13
3/13
5/12
11/11
Category rows compare the Direct plans of 13 Medium Duration funds. Rank 1 is the highest return. This fund's benchmark is CRISIL Medium Duration Debt A-III Index. Returns of that index are not available to us, so the category average is the comparison.
Nippon India Medium Term Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+3.99%
+3.50%
2025
+10.23%
+9.64%
2024
+8.90%
+8.32%
2023
+7.62%
+7.03%
2022
+2.60%
+2.04%
2021
+18.09%
+17.44%
Nippon India 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 2,259 periods, one for each trading day from 30-06-2017 to 30-10-2026.
−10%−5%0%5%10%15%
Nippon India Medium Term Fund (Direct)
Category average, 13 Medium Duration funds
Mar 2015 to Mar 2018Oct 2016 to Oct 2019May 2018 to May 2021Jan 2020 to Jan 2023Aug 2021 to Aug 2024Jan 2023 to Jan 2026
Nippon India Medium Term Fund (Direct)Category average, 13 Medium Duration funds
32%
0%
Below 0%
6%
0%
0-5%
56%
96%
5-10%
6%
4%
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
2,742
7.7%
−29.4%
21.7%
14%
7.6%
50%
2 years
2,500
8.3%
−14.3%
12.4%
19%
7.5%
57%
3 years
2,259
7.5%
−8.3%
11.6%
32%
7.2%
47%
5 years
1,776
0.1%
−1.5%
9.9%
47%
7.3%
18%
7 years
1,292
2.2%
1.3%
3.9%
0%
7.3%
0%
10 years
567
4.1%
3.5%
4.4%
0%
7.7%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
137
7.7%
−42.3%
32.0%
15%
7.6%
49%
2 years
125
7.7%
−24.9%
13.0%
15%
7.3%
51%
3 years
113
7.1%
−16.9%
11.1%
14%
7.2%
45%
5 years
89
4.1%
−7.9%
9.4%
25%
7.3%
25%
7 years
65
2.8%
−2.7%
7.5%
3%
7.3%
3%
10 years
29
4.7%
3.3%
5.2%
0%
7.4%
0%
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.
Nippon India Medium Term Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Nippon India Medium Term Fund (Direct)This fund
Category average
Return (CAGR)
+4.94%
+4.71%
Standard deviation
1.43%
1.39%
Sharpe ratio
-0.21
-0.38
Sortino ratio
-0.30
-0.54
Maximum drawdown
−0.74%
(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
Nippon India Medium Term Fund (Direct)This fund
Category average
Return (CAGR)
+8.23%
+7.66%
Standard deviation
1.73%
1.18%
Sharpe ratio
1.27
1.39
Sortino ratio
2.89
2.08
Maximum drawdown
−0.74%
(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
Nippon India Medium Term Fund (Direct)This fund
Category average
Return (CAGR)
+6.75%
+6.88%
Standard deviation
1.65%
1.43%
Sharpe ratio
0.57
0.76
Sortino ratio
1.07
1.14
Maximum drawdown
−1.6%
(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
Nippon India Medium Term Fund (Direct)This fund
Category average
Return (CAGR)
+3.51%
+7.03%
Standard deviation
9.43%
1.86%
Sharpe ratio
-0.20
0.88
Sortino ratio
-0.23
1.32
Maximum drawdown
−29.8%
(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
Nippon India Medium Term Fund (Direct)This fund
Category average
Return (CAGR)
+5.02%
+7.81%
Standard deviation
8.51%
1.80%
Sharpe ratio
-0.09
1.13
Sortino ratio
-0.10
1.72
Maximum drawdown
−29.8%
(19-03-2020)
−3.3%
(23-03-2020)
From daily NAVs, 30-06-2014 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.
−30%−25%−20%−15%−10%−5%0%
Nippon India Medium Term Fund (Direct)
Category average, 13 Medium Duration funds
201520172019202120232025
Nippon India 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
Nippon India Medium Term Fund (Direct)
−29.8%
02-04-2019
19-03-2020
25-07-2024
52 months
−0.51%
Category average
−3.3%
04-03-2020
23-03-2020
26-05-2020
2 months
−0.70%
From the Direct plan's daily NAV since 30-06-2014, 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.
Nippon India 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.
Nippon India 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
0.43%
0.00%
0.00%
0.07%
0.50%
0.70%
4/13
Regular
0.92%
0.00%
0.00%
0.16%
1.08%
1.32%
2/13
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
4.36%
4.94%
0.58%
₹1,04,360
₹1,04,940
3 years
7.64%
8.23%
0.59% a year
₹1,24,716
₹1,26,778
5 years
6.17%
6.75%
0.58% a year
₹1,34,899
₹1,38,624
10 years
2.81%
3.51%
0.70% a year
₹1,31,933
₹1,41,196
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.
Nippon India 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 30-06-2014 to 30-10-2026: 149 instalments, ₹14,90,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planNippon India Medium Term Fund (Direct)
₹14,90,000
₹20,24,707
₹5,34,707
4.8%
Regular planNippon India Medium Term Fund (Regular)
₹14,90,000
₹19,42,396
₹4,52,396
4.2%
Category averageCategory average, 13 Medium Duration funds
₹14,90,000
₹23,76,118
₹8,86,118
7.2%
₹0₹5.0 L₹10.0 L₹15.0 L₹20.0 L₹25.0 L
Direct planNippon India Medium Term Fund (Direct)
Regular planNippon India Medium Term Fund (Regular)
Category averageCategory average, 13 Medium Duration funds
Amount invested
201520172019202120232025
Direct planNippon India Medium Term Fund (Direct)Regular planNippon India 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.
Nippon India Medium Term Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
84.2%Debt
Asset
Fund
Category
Debt
84.2%
82.7%
Cash and others
15.8%
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
20.1%
23.6%
AAA and A1+
22.4%
26.1%
AA
41.7%
30.9%
Nippon India Medium Term Fund Portfolio Holdings
As on 30-09-2026 · 28 holdings · from the fund house's monthly portfolio
Holdings
Rating
Weight%
7.44% National Bank For Agriculture and Rural Development · Bond
CRISIL AAA
6.78%
Indian Railway Finance Corporation Limited · Bond
CRISIL AAA
3.63%
8.8% REC Limited · Bond
CRISIL AAA
3.50%
10.5% Triumph Composites Limited · Bond
FITCH AA-
3.50%
9.25% Truhome Finance Limited · Bond
CRISIL AA
3.45%
10.4% Muthoot Fincorp Ltd · Bond
CRISIL AA
3.43%
8.29% Godrej Industries Limited · Bond
CRISIL AA+
3.43%
7.27% State Government Securities · State government security
SOVEREIGN
3.41%
7.3% State Government Securities · State government security
SOVEREIGN
3.41%
5% GMR Airports Limited · Bond
CRISIL AA-
3.40%
8.55% Aditya Birla Real Estate Limited · Bond
CRISIL AA
3.40%
8.2% Adani Power Limited · Bond
CRISIL AA
3.40%
8.45% Adani Airport Holdings Limited · Bond
CRISIL AA-
3.39%
8.75% Vastu Finserve India Private Limited · Bond
CARE AA
3.39%
7.08% State Government Securities · State government security
SOVEREIGN
3.38%
7.61% Kotak Mahindra Investments Limited · Bond
CRISIL AAA
3.37%
7.24% State Government Securities · State government security
SOVEREIGN
3.37%
6.78% State Government Securities · State government security
SOVEREIGN
3.34%
8.5% Godrej Finance Limited · Bond
CRISIL AA+
3.27%
Siddhivinayak Securitisation Trust
CRISIL AAA(SO)
3.27%
7.09% Government of India · Government security
SOVEREIGN
3.20%
9.75% Delhi International Airport Limited · Bond
ICRA AA
2.79%
9.45% Vedanta Limited · Bond
CRISIL AA+
2.42%
9.65% Arka Fincap Limited · Bond
CRISIL AA
2.06%
National Highways Infra Trust · Bond
CARE AAA
0.96%
National Highways Infra Trust · Bond
CARE AAA
0.88%
9.15% Andhra Pradesh State Beverages Corporation Limited · Bond
FITCH AA(CE)
0.35%
Corporate Debt Market Development Fund Class A2
0.34%
Nippon India Medium Term Fund Portfolio Overlap
Funds with the most similar portfolios, across every fund house and category
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.
Nippon India Medium Term Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.50%
Expense ratio (Regular)
1.08%
Category
Medium Duration
Risk
Moderately High
Benchmark
CRISIL Medium Duration Debt A-III Index
Launch date
26-06-2014
Minimum investment
₹5,000
Minimum additional investment
₹1,000
AUM
₹146.11 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
130050
ISIN (Direct)
INF204KA1QF1
Scheme code (Regular)
130037
ISIN (Regular)
INF204KA1PZ1
NAV history
From 30-06-2014, 12.3 years
Exit load
Exit load of 1% if redeemed within 12 months
Tax on Nippon India Medium Term Fund returns
Nippon India 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
Bonus
₹0.00
30-10-2026
direct
Growth
₹18.3251
30-10-2026
direct
Growth
₹0.00
30-10-2026
direct
IDCW
₹0.00
30-10-2026
direct
Quarterly IDCW
₹0.00
30-10-2026
direct
IDCW
₹15.4563
30-10-2026
direct
Quarterly IDCW
₹10.9209
30-10-2026
regular
Bonus
₹0.00
30-10-2026
regular
Growth
₹16.7996
30-10-2026
regular
Growth
₹0.00
30-10-2026
regular
IDCW
₹0.00
30-10-2026
regular
Quarterly IDCW
₹0.00
30-10-2026
regular
IDCW
₹14.3759
30-10-2026
regular
Quarterly IDCW
₹10.8216
30-10-2026
About Nippon India Medium Term Fund
Nippon India Medium Term Fund is a mutual fund from Nippon India Mutual Fund. Its category is Medium Duration. It was launched on 26-06-2014. Its benchmark is CRISIL Medium Duration Debt A-III Index. At the end of September 2026 it held 28 securities.
Fund Manager
Sushil Budhia
Fund manager of Nippon India Medium Term Fund, since 01-02-2020
Frequently Asked Questions for Nippon India Medium Term Fund
What is the current NAV of Nippon India Medium Term Fund?
The Direct plan NAV is ₹18.3251. The Regular plan NAV is ₹16.7996, as on 30-10-2026.
What are the returns of Nippon India Medium Term Fund?
The Direct plan returned +4.94% in 1 year, +8.23% a year over 3 years, +6.75% a year over 5 years. The Regular plan returned +4.36% in 1 year, +7.64% a year over 3 years, +6.17% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Nippon India Medium Term Fund?
The Direct plan charges 0.50% a year. The Regular plan charges 1.08% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.
What is the AUM of Nippon India Medium Term Fund?
Nippon India Medium Term Fund managed ₹146.11 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Nippon India Medium Term Fund?
At the end of September 2026 the largest holdings were 7.44% National Bank For Agriculture and Rural Development (6.78%), Indian Railway Finance Corporation Limited (3.63%), 8.8% REC Limited (3.50%), 10.5% Triumph Composites Limited (3.50%), 9.25% Truhome Finance Limited (3.45%). The fund held 28 securities in all.
How do I invest in Nippon India Medium Term Fund?
Through Nippon India 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 ₹5,000. You can invest once or through a monthly SIP.
Who is the fund manager of Nippon India Medium Term Fund?
Sushil Budhia (since 01-02-2020).
What is the exit load of Nippon India Medium Term Fund?
Exit load of 1% if redeemed within 12 months
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.
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