SBI Medium Term Fund
Medium DurationModerately HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹54.88-0.06%1 day
- Return since launch
- 7.7%
- 52-week range
- ₹51.79 — ₹55.06
- AUM
- ₹6,489 Cr
SBI Medium Term Fund is a Medium Duration debt fund from SBI Mutual Fund with ₹6,489 Cr under management, launched in 2003. Over three years it has returned 6.8% a year, against 7.1% for its category. The expense ratio is 1.23% and the SEBI riskometer reading is Moderately High.
Performance
SBI Medium Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.9% 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 | 6.1% | +1.0 pts | 5.1% | 5.5% |
| 2Y | 6.3% | +0.5 pts | 5.8% | 5.9% |
| 3Y | 6.8% | −0.3 pts | 7.1% | 6.5% |
| 5Y | 6.9% | +0.6 pts | 6.3% | 6.5% |
| 7Y | 6.7% | 0.0 pts | 6.6% | 6.2% |
| 10Y | 7.0% | +0.8 pts | 6.2% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.0% | +0.1 pts | -0.1% | -0.2% |
| 3M | 1.0% | +0.5 pts | 0.5% | 0.8% |
| 6M | 3.8% | +0.6 pts | 3.2% | 3.5% |
| 1Y | 5.9% | +0.8 pts | 5.1% | 5.3% |
| 2Y | 6.7% | +0.1 pts | 6.5% | 6.4% |
| 3Y | 7.2% | +0.1 pts | 7.1% | 6.9% |
| 5Y | 6.2% | 0.0 pts | 6.3% | 5.9% |
| 7Y | 7.1% | +0.9 pts | 6.2% | 6.3% |
| 10Y | 7.5% | +1.3 pts | 6.2% | 6.4% |
Since launch (1 Oct 2003): 7.7%
Calendar-year returns
Category average12.3%
3.8%
3.4%
7.3%
8.1%
7.5%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.5% | −1.0 pts | 8.5% |
| 2024 | 8.1% | −0.6 pts | 8.7% |
| 2023 | 7.3% | −0.2 pts | 7.4% |
| 2022 | 3.4% | −1.4 pts | 4.8% |
| 2021 | 3.8% | −2.4 pts | 6.2% |
| 2020 | 12.3% | +5.2 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
1.23%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.05%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.18%
- Exit load
- Exit load of 1%, if redeemed within 3 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.
Moderately High
Your principal is treated as being at moderately high risk — typically balanced hybrid and index-led equity 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 | 0.88 | 1.34 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.33 | 2.26 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.55 | 1.71 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
SBI Medium Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt90.7%
- Other9.3%
Market cap split
- Large6.5%
- Mid10.7%
- P/E
- 19.86
- P/B
- 3.05
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Godrej Properties Ltd. | Construction | 4.64% | ₹301 Cr | +4.69% | +4.43% | +4.67% |
| JSW Kalinga Steel Ltd. | Metals & Mining | 4.31% | ₹279 Cr | +4.24% | — | — |
| Yes Bank Ltd. | Financial | 3.47% | ₹225 Cr | +3.50% | +3.28% | +3.44% |
| Aditya Birla Real Estate Ltd | Consumer Staples | 3.40% | ₹221 Cr | +3.43% | +3.24% | +3.42% |
| Renew Solar Energy (Jharkhand Five) Pvt. Ltd. | Others | 3.36% | ₹218 Cr | +3.44% | +3.29% | +3.54% |
| JTPM Metal Traders Ltd. | Metals & Mining | 3.32% | ₹216 Cr | +3.29% | +3.06% | — |
| Renserv Global Pvt Ltd. | Others | 3.16% | ₹205 Cr | +3.19% | +3.01% | +3.15% |
| Others | Others | 3.13% | ₹203 Cr | +0.99% | +0.93% | +0.93% |
| Motilal Oswal Finevest Ltd. | Financial | 3.10% | ₹201 Cr | +3.13% | +2.96% | — |
| GMR Airports Ltd. | Construction | 2.96% | ₹192 Cr | +2.94% | +2.39% | +2.38% |
| Kogta Financial India Ltd. | Financial | 2.83% | ₹184 Cr | +2.87% | +2.70% | — |
| Gaursons India Pvt. Ltd. | Construction | 2.77% | ₹180 Cr | +2.78% | +2.62% | — |
| H.G. Infra Engineering Ltd. | Construction | 2.74% | ₹178 Cr | +2.77% | +2.63% | +2.76% |
| Bharti Telecom Ltd. | Communication | 2.73% | ₹177 Cr | +4.74% | +4.54% | +4.80% |
| Cube Highways Trust | Services | 2.28% | ₹148 Cr | +2.18% | +1.93% | — |
| Tata Power Renewable Energy Ltd. | Capital Goods | 2.19% | ₹142 Cr | +2.13% | +2.10% | +2.20% |
| Siddhivinayak Securitisation Trust | Others | 1.88% | ₹122 Cr | +1.91% | +1.83% | — |
| Shivshakti Securitisation Trust | Others | 1.87% | ₹121 Cr | +1.90% | +1.83% | — |
| Rajasthan State | Others | 1.77% | ₹115 Cr | +1.16% | +0.37% | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.48% | ₹95.93 Cr | +0.78% | +0.72% | — |
| Kotak Mahindra Prime Ltd. | Financial | 1.39% | ₹90.04 Cr | — | — | — |
| GOI | Sovereign | 1.24% | ₹80.63 Cr | +1.46% | +1.36% | +1.44% |
| Tamilnadu State | Others | 1.16% | ₹75.51 Cr | +0.39% | — | — |
| Nomura Fixed Income Securities Pvt. Ltd. | Financial | 1.16% | ₹75.00 Cr | — | — | — |
| Chalet Hotels Ltd. | Services | 1.15% | ₹74.81 Cr | +1.16% | +1.10% | +1.16% |
| Muthoot Finance Ltd. | Financial | 1.15% | ₹74.55 Cr | — | — | — |
| Embassy Office Parks REIT | Construction | 1.15% | ₹74.54 Cr | +1.14% | +1.06% | — |
| LIC Housing Finance Ltd. | Financial | 1.14% | ₹74.12 Cr | +1.16% | +1.11% | +1.17% |
| Tata Power Company Ltd. | Energy | 1.14% | ₹74.02 Cr | — | — | — |
| Godrej Seeds & Genetics Ltd. | Consumer Staples | 0.99% | ₹64.13 Cr | +1.00% | +0.94% | +0.99% |
| Raajmarg Infra Investment Trust | Construction | 0.88% | ₹57.10 Cr | +0.82% | — | — |
| Mindspace Business Parks REIT | Construction | 0.87% | ₹56.78 Cr | +0.83% | +0.78% | +0.42% |
| Vertis Infrastructure Trust | Construction | 0.80% | ₹51.98 Cr | +0.76% | +0.72% | — |
| Indostar Capital Finance Ltd. | Financial | 0.77% | ₹50.04 Cr | +0.78% | — | +2.55% |
| Gujarat State | Construction | 0.77% | ₹49.87 Cr | — | — | — |
| NJ Capital Pvt Ltd. | Financial | 0.76% | ₹49.57 Cr | +0.77% | +0.73% | +0.76% |
| National Bank For Agriculture & Rural Development | Financial | 0.76% | ₹49.09 Cr | +0.39% | +0.07% | +0.08% |
| Astec Lifesciences Ltd. | Chemicals | 0.75% | ₹48.99 Cr | +0.76% | +0.72% | +0.76% |
| Torrent Power Ltd. | Energy | 0.67% | ₹43.73 Cr | +0.68% | +0.65% | +0.69% |
| Avanse Financial Services Ltd. | Financial | 0.61% | ₹39.82 Cr | — | +3.67% | +3.86% |
| Power Grid Corporation Of India Ltd. | Energy | 0.44% | ₹28.85 Cr | +0.45% | +0.43% | +0.46% |
| Uttar Pradesh State | Others | 0.39% | ₹25.24 Cr | — | — | — |
| Eris Lifesciences Ltd. | Healthcare | 0.39% | ₹25.06 Cr | +0.39% | +0.37% | +0.39% |
| Motilal Oswal Home Finance Ltd. | Financial | 0.39% | ₹25.03 Cr | +0.39% | +0.37% | +0.39% |
| Bihar State | Others | 0.38% | ₹24.90 Cr | — | — | — |
| Brookfield India Real Estate Trust REIT | Construction | 0.37% | ₹23.92 Cr | +0.35% | +0.38% | — |
| Lodha Developers Ltd. | Construction | 0.31% | ₹20.01 Cr | — | — | — |
| Capital Infra Trust | Construction | 0.08% | ₹5.39 Cr | +0.11% | +0.07% | — |
| National Highways Infra Trust | Construction | 0.07% | ₹4.66 Cr | +0.07% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Nomura Fixed Income Securities Pvt. Ltd. | 0.00% | 1.16% | +1.16% |
| company:4975 | 0.77% | 0.00% | -0.77% |
| Kotak Mahindra Prime Ltd. | 2.05% | 1.39% | -0.66% |
| Tamilnadu State | 0.79% | 1.16% | +0.37% |
| Vertis Infrastructure Trust | 0.74% | 0.80% | +0.06% |
| Raajmarg Infra Investment Trust | 0.84% | 0.88% | +0.04% |
| Rajasthan State | 1.79% | 1.77% | -0.02% |
| Gaursons India Pvt. Ltd. | 2.75% | 2.77% | +0.02% |
| GMR Airports Ltd. | 2.94% | 2.96% | +0.02% |
| LIC Housing Finance Ltd. | 1.16% | 1.14% | -0.02% |
| Capital Infra Trust | 0.10% | 0.08% | -0.02% |
| Tata Power Renewable Energy Ltd. | 2.17% | 2.19% | +0.02% |
| JSW Kalinga Steel Ltd. | 4.29% | 4.31% | +0.02% |
| JTPM Metal Traders Ltd. | 3.31% | 3.32% | +0.01% |
| Renserv Global Pvt Ltd. | 3.15% | 3.16% | +0.01% |
| Tata Power Company Ltd. | 1.15% | 1.14% | -0.01% |
| Bharti Telecom Ltd. | 2.35% | 2.34% | -0.01% |
| Shivshakti Securitisation Trust | 1.88% | 1.87% | -0.01% |
| Siddhivinayak Securitisation Trust | 1.89% | 1.88% | -0.01% |
| Yes Bank Ltd. | 3.46% | 3.47% | +0.01% |
| Bihar State | 0.39% | 0.38% | -0.01% |
| Torrent Power Ltd. | 0.68% | 0.67% | -0.01% |
| Power Grid Corporation Of India Ltd. | 0.45% | 0.44% | -0.01% |
| Cube Highways Trust | 2.27% | 2.28% | +0.01% |
| Mindspace Business Parks REIT | 0.87% | 0.87% | 0.00% |
| Astec Lifesciences Ltd. | 0.75% | 0.75% | 0.00% |
| Motilal Oswal Home Finance Ltd. | 0.39% | 0.39% | 0.00% |
| Motilal Oswal Finevest Ltd. | 3.10% | 3.10% | 0.00% |
| Renew Solar Energy (Jharkhand Five) Pvt. Ltd. | 3.36% | 3.36% | 0.00% |
| Small Industries Devp. Bank of India Ltd. | 1.09% | 1.09% | 0.00% |
| NJ Capital Pvt Ltd. | 0.76% | 0.76% | 0.00% |
| Eris Lifesciences Ltd. | 0.39% | 0.39% | 0.00% |
| Avanse Financial Services Ltd. | 0.61% | 0.61% | 0.00% |
| Aditya Birla Real Estate Ltd | 3.40% | 3.40% | 0.00% |
| National Bank For Agriculture & Rural Development | 0.76% | 0.76% | 0.00% |
| GOI | 0.72% | 0.72% | 0.00% |
| Chalet Hotels Ltd. | 1.15% | 1.15% | 0.00% |
| National Highways Infra Trust | 0.07% | 0.07% | 0.00% |
| Lodha Developers Ltd. | 0.31% | 0.31% | 0.00% |
| Godrej Seeds & Genetics Ltd. | 0.99% | 0.99% | 0.00% |
| Gujarat State | 0.77% | 0.77% | 0.00% |
| Brookfield India Real Estate Trust REIT | 0.37% | 0.37% | 0.00% |
| Embassy Office Parks REIT | 1.15% | 1.15% | 0.00% |
| Indostar Capital Finance Ltd. | 0.77% | 0.77% | 0.00% |
| Muthoot Finance Ltd. | 1.15% | 1.15% | 0.00% |
| Uttar Pradesh State | 0.39% | 0.39% | 0.00% |
| Kogta Financial India Ltd. | 2.83% | 2.83% | 0.00% |
| Others | 0.33% | 0.33% | 0.00% |
| Godrej Properties Ltd. | 4.64% | 4.64% | 0.00% |
| H.G. Infra Engineering Ltd. | 2.74% | 2.74% | 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 | ₹3,194 Cr | 1.47% | 6.1% | 7.8% | 8.0% |
 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 provide investors an opportunity to generate attractive returns with moderate degree of liquidity through investments in debt and money market instruments such that the Macaulay duration of the portfolio is between 3 years - 4 years.
Fund managers
- Lokesh MallyaMr. Mallya is MBA and FRM.Prior to SBI Mutual Fund, he has worked with Aditya Birla Sun Life AMC as fund manager (Sept 2009-Sept 2014) and as Credit Analyst (July 2006 - Aug 2009).
- Mohit JainMr. Jain is B.E (Engineering) & CFA (Level III candidate)Prior to joining SBI Mutual Fund, he has worked with Crisil Ltd. as a Research Analyst.
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 months3.82% absolute | ₹60,000 | ₹62,292 | 3.82% | |
| 1 year5.94% annualised | ₹1,20,000 | ₹1,23,932 | 3.28% | |
| 3 years7.15% annualised | ₹3,60,000 | ₹4,02,586 | 11.83% | |
| 5 years6.23% annualised | ₹6,00,000 | ₹7,05,484 | 17.58% |
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.
What is the NAV of SBI Medium Term Fund?
The NAV of SBI Medium Term Fund is ₹54.88 as on 25 Sep 2026.
What is the expense ratio of SBI Medium Term Fund?
The expense ratio of SBI Medium Term Fund is 1.23% per year.
What is the minimum SIP amount for SBI Medium Term Fund?
You can start a SIP in SBI Medium Term Fund with ₹3,000 a month.
What returns has SBI Medium Term Fund given?
SBI Medium Term Fund has returned 6.1% over 1 year, 6.8% over 3 years and 6.9% over 5 years (annualised).
Is there a lock-in or exit load on SBI Medium Term Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 3 months..
How risky is SBI Medium Term Fund?
SBI Medium Term Fund is rated Moderately High on the SEBI riskometer and belongs to the Medium Duration category.
Which fund house manages SBI Medium Term Fund?
SBI Medium Term Fund is managed by SBI Mutual Fund, which runs 80 schemes with ₹12,81,381 Cr under management.