Bandhan Medium Term Fund
- NAV as on 25 Sep 2026
- ₹48.52-0.04%1 day
- Return since launch
- 7.0%
- 52-week range
- ₹46.14 — ₹48.63
- AUM
- ₹1,250 Cr
Bandhan Medium Term Fund is a Medium Duration debt fund from Bandhan Mutual Fund with ₹1,250 Cr under management, launched in 2003. Over three years it has returned 6.2% a year, against 7.1% for its category. The expense ratio is 1.36% and the SEBI riskometer reading is Low to Moderate.
Performance
Bandhan Medium Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.0% against +5.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.4% | +0.3 pts | 5.1% | 5.5% |
| 2Y | 5.5% | −0.3 pts | 5.8% | 5.9% |
| 3Y | 6.2% | −0.9 pts | 7.1% | 6.5% |
| 5Y | 6.1% | −0.2 pts | 6.3% | 6.5% |
| 7Y | 5.7% | −0.9 pts | 6.6% | 6.2% |
| 10Y | 6.0% | −0.3 pts | 6.2% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.2% | +0.3 pts | -0.1% | -0.2% |
| 3M | 0.5% | −0.1 pts | 0.5% | 0.8% |
| 6M | 3.5% | +0.2 pts | 3.2% | 3.5% |
| 1Y | 5.0% | −0.1 pts | 5.1% | 5.3% |
| 2Y | 6.0% | −0.6 pts | 6.5% | 6.4% |
| 3Y | 6.7% | −0.4 pts | 7.1% | 6.9% |
| 5Y | 5.3% | −1.0 pts | 6.3% | 5.9% |
| 7Y | 5.8% | −0.4 pts | 6.2% | 6.3% |
| 10Y | 6.2% | 0.0 pts | 6.2% | 6.4% |
Since launch (16 Jun 2003): 7.0%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.6% | −1.9 pts | 8.5% |
| 2024 | 7.5% | −1.2 pts | 8.7% |
| 2023 | 6.4% | −1.0 pts | 7.4% |
| 2022 | 1.2% | −3.6 pts | 4.8% |
| 2021 | 2.4% | −3.8 pts | 6.2% |
| 2020 | 10.9% | +3.9 pts | 7.1% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.36%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.15%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.20%
- Exit load
- Exit load of 0.50% if redeemed within 6 months.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Medium Duration Debt Index A-III
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at low to moderate risk — typically short duration debt schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.46 | 1.25 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.89 | 2.07 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.81 | 1.68 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Bandhan Medium Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt80.2%
- Other19.8%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 20.37% | ₹255 Cr | +1.88% | +1.74% | +1.60% |
| Bajaj Housing Finance Ltd. | Financial | 8.80% | ₹110 Cr | +15.54% | +14.78% | +14.08% |
| Tata Capital Housing Finance Ltd. | Financial | 8.40% | ₹105 Cr | +8.14% | +7.75% | +7.38% |
| National Bank For Agriculture & Rural Development | Financial | 5.99% | ₹74.84 Cr | +0.77% | +2.96% | — |
| Export-Import Bank Of India | Financial | 4.00% | ₹49.97 Cr | +3.87% | +3.70% | +0.69% |
| Small Industries Devp. Bank of India Ltd. | Financial | 3.84% | ₹48.07 Cr | +3.78% | +3.68% | — |
| Indian Railway Finance Corporation Ltd. | Financial | 2.01% | ₹25.07 Cr | +1.94% | +1.86% | — |
| Power Finance Corporation Ltd. | Financial | 2.00% | ₹24.93 Cr | +1.93% | +3.70% | — |
| REC Ltd. | Financial | 2.00% | ₹24.94 Cr | +1.94% | +3.72% | — |
| Bajaj Finance Ltd. | Financial | 1.98% | ₹24.74 Cr | — | +0.37% | +0.70% |
| Canara Bank | Financial | 1.95% | ₹24.33 Cr | +1.87% | — | +0.68% |
| company:442 | Financial | 1.89% | ₹23.68 Cr | +1.85% | — | — |
| Axis Bank Ltd. | Financial | 1.18% | ₹14.72 Cr | +1.87% | +3.49% | — |
| Punjab National Bank | Financial | 1.17% | ₹14.57 Cr | — | +6.89% | — |
| Gujarat State | Construction | 0.41% | ₹5.09 Cr | +0.39% | +0.38% | +0.36% |
| company:1412 | Financial | 0.39% | ₹4.90 Cr | +1.88% | +3.55% | +3.45% |
| Tata Capital Financial Services Ltd. | Financial | 0.24% | ₹3.01 Cr | +0.23% | +0.59% | +0.56% |
| Tamilnadu State | Others | 0.16% | ₹2.00 Cr | +0.16% | +0.15% | +0.14% |
| GOI | Sovereign | 0.01% | ₹0.11 Cr | +0.01% | +0.01% | +0.01% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | 5.08% | 1.86% | -3.22% |
| National Bank For Agriculture & Rural Development | 7.94% | 5.99% | -1.95% |
| company:442 | 0.00% | 1.89% | +1.89% |
| company:1412 | 0.00% | 0.39% | +0.39% |
| Tata Capital Housing Finance Ltd. | 8.33% | 8.40% | +0.07% |
| Canara Bank | 1.92% | 1.95% | +0.03% |
| Axis Bank Ltd. | 1.16% | 1.18% | +0.02% |
| Export-Import Bank Of India | 3.98% | 4.00% | +0.02% |
| Punjab National Bank | 1.15% | 1.17% | +0.02% |
| Bajaj Finance Ltd. | 1.97% | 1.98% | +0.01% |
| Others | 0.48% | 0.49% | +0.01% |
| Power Finance Corporation Ltd. | 1.99% | 2.00% | +0.01% |
| Indian Railway Finance Corporation Ltd. | 2.00% | 2.01% | +0.01% |
| Bajaj Housing Finance Ltd. | 0.79% | 0.79% | 0.00% |
| GOI | 0.01% | 0.01% | 0.00% |
| Gujarat State | 0.41% | 0.41% | 0.00% |
| REC Ltd. | 2.00% | 2.00% | 0.00% |
| Tamilnadu State | 0.16% | 0.16% | 0.00% |
| Tata Capital Financial Services Ltd. | 0.24% | 0.24% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹3,853 Cr | 1.42% | 6.1% | 7.6% | 7.8% |
 SBI Medium Term Fund | ₹6,489 Cr | 1.23% | 6.1% | 6.8% | 6.9% |
 ICICI Prudential Medium Term Fund | ₹5,419 Cr | 1.36% | 6.2% | 7.4% | 7.3% |
 Aditya Birla Sun Life Medium Term Fund | ₹3,319 Cr | 1.55% | 7.2% | 9.5% | 10.3% |
 Axis Medium Term Fund | ₹2,112 Cr | 1.33% | 5.6% | 7.0% | 7.1% |
 Kotak Medium Term Fund | ₹1,926 Cr | 1.63% | 5.4% | 7.2% | 7.1% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to invest in a diversified set of debt and money market securities with the aim of generating optimal returns over medium term such that the Macaulay duration of the portfolio is between 3 years and 4 years.
Fund managers
- Suyash ChoudharyMr. Choudhary is a B.A (H) Economics from Delhi University and PGDM from IIM Calcutta.Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with HSBC Asset Management (India) Pvt. Ltd., Standard Chartered Asset Management Co. Pvt. Ltd. and Deutsche Bank.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.46% absolute | ₹60,000 | ₹62,076 | 3.46% | |
| 1 year5.04% annualised | ₹1,20,000 | ₹1,23,327 | 2.77% | |
| 3 years6.66% annualised | ₹3,60,000 | ₹3,99,474 | 10.96% | |
| 5 years5.27% annualised | ₹6,00,000 | ₹6,87,774 | 14.63% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.