SBI Medium Term Fund is a Medium Duration fund run by SBI Mutual Fund. On 30-09-2026, it managed ₹6,419 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.4% a year and its Regular plan returned 6.9% a year. Its benchmark, NIFTY Medium Duration Debt Index A-III, returned 6.4% a year over the same 3 years.
NAV (Direct plan)
₹59.40
▲ 0.04% · 30-10-2026
NAV (Regular plan)
₹54.60
▲ 0.04% · 30-10-2026
Expense ratio
0.72%Direct1.22%Regular
0.72%
A year
Riskometer
Moderately High
Set by the fund house
3 year return
7.4%Direct6.9%Regular
7.4%
A year
SBI Medium Term Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹59.40 (up 0.04% that day); Regular Plan Growth ₹54.60 (up 0.04% that day).
This fund (Direct plan)
₹59.4027
SBI 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)
−0.46%
+0.08%
+2.92%
+5.21%
+7.44%
+6.65%
+7.94%
This fund (Regular)
−0.50%
−0.05%
+2.66%
+4.69%
+6.89%
+6.10%
+7.33%
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
9/13
6/13
5/13
6/13
9/13
7/12
2/11
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.
SBI Medium Term Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+4.15%
+3.72%
2025
+8.00%
+7.46%
2024
+8.69%
+8.11%
2023
+7.81%
+7.24%
2022
+3.97%
+3.42%
2021
+4.41%
+3.85%
SBI 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 2,609 periods, one for each trading day from 29-01-2016 to 30-10-2026.
0%5%10%15%
SBI Medium Term Fund (Direct)
Category average, 13 Medium Duration funds
Dec 2013 to Dec 2016Oct 2015 to Oct 2018Aug 2017 to Aug 2020Jun 2019 to Jun 2022Mar 2021 to Mar 2024Dec 2022 to Dec 2025
SBI Medium Term Fund (Direct)Category average, 13 Medium Duration funds
0%
0%
Below 0%
0%
0%
0-5%
72%
88%
5-10%
28%
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
3,087
8.4%
2.2%
21.2%
0%
7.7%
59%
2 years
2,850
8.7%
4.0%
15.8%
0%
7.8%
65%
3 years
2,609
9.3%
5.3%
14.1%
0%
7.5%
66%
5 years
2,126
8.3%
6.5%
12.0%
0%
7.4%
81%
7 years
1,643
8.7%
7.4%
11.8%
0%
7.4%
100%
10 years
915
8.8%
7.9%
10.1%
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
8.2%
0.8%
20.6%
0%
7.8%
59%
2 years
142
8.7%
3.3%
15.7%
0%
7.7%
60%
3 years
130
8.7%
5.1%
13.3%
0%
7.4%
62%
5 years
106
7.9%
6.8%
11.0%
0%
7.4%
71%
7 years
82
7.7%
7.1%
10.9%
0%
7.4%
82%
10 years
46
8.1%
7.6%
8.7%
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.
SBI Medium Term Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
SBI Medium Term Fund (Direct)This fund
Category average
Return (CAGR)
+5.21%
+4.71%
Standard deviation
1.48%
1.39%
Sharpe ratio
-0.02
-0.38
Sortino ratio
-0.03
-0.54
Maximum drawdown
−0.93%
(23-10-2026)
−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
SBI Medium Term Fund (Direct)This fund
Category average
Return (CAGR)
+7.44%
+7.66%
Standard deviation
1.22%
1.18%
Sharpe ratio
1.17
1.39
Sortino ratio
1.72
2.08
Maximum drawdown
−0.93%
(23-10-2026)
−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
SBI Medium Term Fund (Direct)This fund
Category average
Return (CAGR)
+6.65%
+6.88%
Standard deviation
1.36%
1.43%
Sharpe ratio
0.62
0.76
Sortino ratio
0.84
1.14
Maximum drawdown
−1.7%
(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
SBI Medium Term Fund (Direct)This fund
Category average
Return (CAGR)
+7.94%
+7.03%
Standard deviation
1.72%
1.86%
Sharpe ratio
1.48
0.88
Sortino ratio
2.26
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
SBI Medium Term Fund (Direct)This fund
Category average
Return (CAGR)
+8.67%
+7.86%
Standard deviation
2.48%
2.03%
Sharpe ratio
1.06
0.89
Sortino ratio
1.54
1.28
Maximum drawdown
−7.5%
(28-08-2013)
−5.0%
(19-08-2013)
From daily NAVs, 29-01-2013 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.
−8%−6%−4%−2%0%
SBI Medium Term Fund (Direct)
Category average, 13 Medium Duration funds
2014201620182020202220242026
SBI 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
SBI Medium Term Fund (Direct)
−7.5%
17-05-2013
28-08-2013
15-01-2014
5 months
−0.77%
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 29-01-2013, 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.
SBI 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.
SBI Medium Term Fund Expense Ratio and Costs
What each plan charges a year, in force from 29-09-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Medium Duration median
Cost rank (1 = cheapest)
Direct
0.61%
0.00%
0.00%
0.11%
0.72%
0.70%
9/13
Regular
1.04%
0.00%
0.00%
0.18%
1.22%
1.32%
5/13
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
4.69%
5.21%
0.52%
₹1,04,690
₹1,05,210
3 years
6.89%
7.44%
0.55% a year
₹1,22,127
₹1,24,022
5 years
6.10%
6.65%
0.55% a year
₹1,34,455
₹1,37,976
10 years
7.33%
7.94%
0.61% a year
₹2,02,867
₹2,14,696
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.
SBI 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 29-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planSBI Medium Term Fund (Direct)
₹16,60,000
₹29,93,011
₹13,33,011
8.1%
Regular planSBI Medium Term Fund (Regular)
₹16,60,000
₹28,51,531
₹11,91,531
7.5%
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₹40.0 L
Direct planSBI Medium Term Fund (Direct)
Regular planSBI Medium Term Fund (Regular)
Category averageCategory average, 13 Medium Duration funds
Amount invested
2014201620182020202220242026
Direct planSBI Medium Term Fund (Direct)Regular planSBI 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.
SBI Medium Term Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
87.3%Debt
Asset
Fund
Category
Debt
87.3%
82.7%
Cash and others
12.7%
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
20.7%
23.6%
AAA and A1+
12.6%
26.1%
AA
48.0%
30.9%
A and below
6.0%
2.1%
SBI Medium Term Fund Portfolio Holdings
As on 30-09-2026 · 66 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
6.94% CGL 2036 · Government security
Sovereign
6.90%
Godrej Properties Ltd. · Bond
[ICRA]AA+
4.69%
7.06% CGL 2041 · Government security
Sovereign
4.54%
JSW JFE Kalinga Steel Ltd. · Bond
CRISIL AA
4.38%
Aditya Birla Real Estate Ltd. · Bond
CRISIL AA
3.43%
Renew Solar Energy (Jharkhand Five) Pvt. Ltd. · Bond
CARE AA
3.36%
JTPM Metal Traders Ltd. · Bond
CRISIL AA
3.36%
Renserv Global Pvt Ltd. · Bond
CARE A(CE)
3.20%
Motilal Oswal Finvest Ltd. · Bond
CRISIL AA+
3.13%
GMR Airports Ltd. · Bond
CRISIL AA-
3.01%
Kogta Financial (India) Ltd. · Bond
CARE AA-
2.86%
H.G. Infra Engineering Ltd. · Bond
[ICRA]AA-
2.84%
Gaursons India Pvt. Ltd. · Bond
[ICRA]A-
2.80%
Bharti Telecom Ltd. · Bond
CRISIL AAA
2.36%
Tata Power Renewable Energy Ltd. (Guaranteed by Tata Power Ltd.) · Bond
[ICRA]AA+
2.16%
6.48% CGL 2035 · Government security
Sovereign
2.16%
Cube Highways Trust
Transport Infrastructure
1.91%
Shivshakti Securitisation Trust (Obligor - Digital Fibre Infrastructure Trust)
CRISIL AAA(SO)
1.86%
Siddhivinayak Securitisation Trust (Obligor - Digital Fibre Infrastructure Trust)
CRISIL AAA(SO)
1.86%
7.64% State Government of Rajasthan 2036 · State government security
Sovereign
1.76%
Small Industries Development Bank of India · Bond
CRISIL AAA
1.55%
Muthoot Finance Ltd. · Bond
CRISIL AA+
1.17%
7.74% State Government of Tamil Nadu 2036 · State government security
Sovereign
1.16%
Chalet Hotels Ltd. · Bond
CRISIL AA-
1.16%
Embassy Office Parks Reit
Realty
1.15%
Tata Power Company Ltd. · Bond
CRISIL AA+
1.14%
LIC Housing Finance Ltd. · Bond
CRISIL AAA
1.14%
Small Industries Development Bank of India · Certificate of deposit
CRISIL A1+
1.11%
Godrej Seeds & Genetics Ltd. · Bond
CRISIL AA
1.00%
Godrej Seeds & Genetics Ltd. · Bond
CRISIL AA
1.00%
Godrej Seeds & Genetics Ltd. · Bond
CRISIL AA
1.00%
Godrej Seeds & Genetics Ltd. · Bond
CRISIL AA
1.00%
Mindspace Business Parks Reit
Realty
0.89%
Raajmarg Infra Investment Trust
Transport Infrastructure
0.89%
Vertis Infrastructure Trust
Transport Infrastructure
0.83%
Indostar Capital Finance Ltd. · Bond
CARE AA-
0.78%
Torrent Power Ltd. · Bond
CRISIL AA+
0.78%
NJ Capital Pvt. Ltd. · Bond
[ICRA]AA-
0.77%
Cholamandalam Investment & Finance Co. Ltd.Perpetual · Bond
[ICRA]AA
0.76%
Astec Lifesciences Ltd. · Bond
[ICRA]AA-
0.76%
7.61% State Government of Gujarat 2039 · State government security
Sovereign
0.76%
6.87% CGL 2033 · Government security
Sovereign
0.73%
Motilal Oswal Financial Services Ltd. · Bond
CRISIL AA+
0.70%
7.73% State Government of Tamil Nadu 2036 · State government security
Sovereign
0.70%
Torrent Power Ltd. · Bond
CRISIL AA+
0.68%
Avanse Financial Services Ltd. · Bond
IND AA
0.62%
7.24% CGL 2055 · Government security
Sovereign
0.52%
Kotak Mahindra Prime Ltd.
CRISIL AAA
0.46%
Power Grid Corporation of India Ltd. · Bond
CRISIL AAA
0.44%
Bharti Telecom Ltd. · Bond
CRISIL AAA
0.39%
Torrent Power Ltd. · Bond
CRISIL AA+
0.39%
Motilal Oswal Home Finance Ltd. · Bond
[ICRA]AA+
0.39%
Small Industries Development Bank of India · Bond
CRISIL AAA
0.39%
National Bank for Agriculture and Rural Development · Bond
CRISIL AAA
0.39%
Eris Lifesciences Ltd. · Bond
IND AA
0.39%
7.82% State Government of Uttar Pradesh 2046 · State government security
Sovereign
0.38%
7.49% State Government of Rajasthan 2035 · State government security
Sovereign
0.38%
7.66% State Government of Bihar 2041 · State government security
Sovereign
0.38%
National Bank for Agriculture and Rural Development · Bond
[ICRA]AAA
0.38%
Brookfield India Real Estate Trust
Realty
0.37%
6.90% CGL 2065 · Government security
Sovereign
0.35%
Corporate Debt Market Development Fund-A2
CDMDF
0.33%
Lodha Developers Ltd. · Bond
CRISIL AA
0.27%
Small Industries Development Bank of India · Bond
CRISIL AAA
0.23%
Capital Infra Trust
Construction
0.08%
National Highways Infra Trust
Transport Infrastructure
0.07%
SBI 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.
SBI Medium Term Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.72%
Expense ratio (Regular)
1.22%
Category
Medium Duration
Risk
Moderately High
Benchmark
NIFTY Medium Duration Debt Index A-III
Launch date
12-11-2003
Minimum investment
₹5,000
Minimum additional investment
₹1,000
AUM
₹6,418.65 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
119824
ISIN (Direct)
INF200K01VB0
Scheme code (Regular)
102053
ISIN (Regular)
INF200K01719
NAV history
From 29-01-2013, 13.7 years
Exit load
Exit load of 1%, if redeemed within 3 months.
Tax on SBI Medium Term Fund returns
SBI 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
₹59.4027
30-10-2026
direct
IDCW
₹22.9113
30-10-2026
regular
Growth
₹54.5974
30-10-2026
regular
IDCW
₹21.0039
30-10-2026
About SBI Medium Term Fund
SBI Medium Term Fund is a mutual fund from SBI Mutual Fund. Its category is Medium Duration. It was launched on 12-11-2003. Its benchmark is NIFTY Medium Duration Debt Index A-III. At the end of September 2026 it held 66 securities.
Fund Manager
Lokesh Mallya
Fund manager of SBI Medium Term Fund, since 01-12-2023
Mohit Jain
Fund manager of SBI Medium Term Fund, since 01-12-2023
Frequently Asked Questions for SBI Medium Term Fund
What is the current NAV of SBI Medium Term Fund?
The Direct plan NAV is ₹59.4027. The Regular plan NAV is ₹54.5974, as on 30-10-2026.
What are the returns of SBI Medium Term Fund?
The Direct plan returned +5.21% in 1 year, +7.44% a year over 3 years, +6.65% a year over 5 years. The Regular plan returned +4.69% in 1 year, +6.89% a year over 3 years, +6.10% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of SBI Medium Term Fund?
The Direct plan charges 0.72% a year. The Regular plan charges 1.22% a year. This is the figure the fund house reported to AMFI, in force from 29-09-2026.
What is the AUM of SBI Medium Term Fund?
SBI Medium Term Fund managed ₹6,418.65 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of SBI Medium Term Fund?
At the end of September 2026 the largest holdings were 6.94% CGL 2036 (6.90%), Godrej Properties Ltd. (4.69%), 7.06% CGL 2041 (4.54%), JSW JFE Kalinga Steel Ltd. (4.38%), Aditya Birla Real Estate Ltd. (3.43%). The fund held 66 securities in all.
How do I invest in SBI Medium Term Fund?
Through SBI 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.
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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