HDFC Medium Term Debt Fund Direct Growth

Fund Overview

Fund Size

₹3,851 Cr

Expense Ratio

0.66%

ISIN

INF179K01WI9

Minimum SIP

₹100

Exit Load

No Charges

Inception Date

01 Jan 2013

About this fund

HDFC Medium Term Debt Fund Direct Growth is a Medium Duration mutual fund schemes offered by HDFC Mutual Fund. This fund has been in existence for 12 years, 5 months and 8 days, having been launched on 01-Jan-13.
As of 06-Jun-25, it has a Net Asset Value (NAV) of ₹61.34, Assets Under Management (AUM) of 3851.15 Crores, and an expense ratio of 0.66%.

HDFC Medium Term Debt Fund Direct Growth has given a CAGR return of 8.34% since inception.
The fund's asset allocation comprises around 2.08% in equities, 94.31% in debts, and 3.31% in cash & cash equivalents.
You can start investing in HDFC Medium Term Debt Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+10.52%

+9.90% (Cat Avg.)

3 Years

+8.67%

+8.47% (Cat Avg.)

5 Years

+7.83%

+7.44% (Cat Avg.)

10 Years

+8.13%

+6.51% (Cat Avg.)

Since Inception

+8.34%

— (Cat Avg.)

Portfolio Summaryas of 15th May 2025

Equity	₹80.11 Cr	2.08%
Debt	₹3,631.94 Cr	94.31%
Others	₹139.1 Cr	3.61%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
7.18% Govt Stock 2037	Bond - Gov't/Treasury	₹319.87 Cr	8.31%
7.23% Govt Stock 2039	Bond - Gov't/Treasury	₹198.69 Cr	5.16%
Tata Steel Limited	Bond - Corporate Bond	₹148.33 Cr	3.85%
6.79% Govt Stock 2034	Bond - Gov't/Treasury	₹124.45 Cr	3.23%
Kalpataru Power Transmission Limited	Bond - Corporate Bond	₹101.37 Cr	2.63%
Net Current Assets	Cash	₹100.14 Cr	2.60%
Small Business Fincredit India Private Limited	Bond - Corporate Bond	₹99.58 Cr	2.59%
SK Finance Limited	Bond - Corporate Bond	₹99.27 Cr	2.58%
The Tata Power Company Limited	Bond - Corporate Bond	₹77.4 Cr	2.01%
7.44% Power Finance Corporation Limited (15/01/2030) **	Bond - Corporate Bond	₹76.85 Cr	2.00%
Motilal Oswal Home Finance Limited	Bond - Corporate Bond	₹75.73 Cr	1.97%
Truhome Finance Limited	Bond - Corporate Bond	₹75.33 Cr	1.96%
IIFL Finance Limited	Bond - Corporate Bond	₹74.92 Cr	1.95%
Bajaj Housing Finance Limited	Bond - Corporate Bond	₹72.33 Cr	1.88%
Pipeline Infrastructure Pvt Ltd.	Bond - Corporate Bond	₹71.09 Cr	1.85%
7.3% Govt Stock 2053	Bond - Gov't/Treasury	₹63.85 Cr	1.66%
Pipeline Infrastructure Ltd.	Bond - Corporate Bond	₹61.39 Cr	1.59%
Aadhar Housing Finance Ltd.	Bond - Corporate Bond	₹60.38 Cr	1.57%
Indigrid Infrastructure Trust	Bond - Corporate Bond	₹54.87 Cr	1.42%
7.37% Housing & Urban Development Corp Ltd. **	Bond - Corporate Bond	₹51.61 Cr	1.34%
Godrej Industries Limited	Bond - Corporate Bond	₹51.04 Cr	1.33%
Tata Power Renewable Energy Limited	Bond - Corporate Bond	₹50.93 Cr	1.32%
6.99% Govt Stock 2034	Bond - Gov't/Treasury	₹50.9 Cr	1.32%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹50.87 Cr	1.32%
Indian Oil Corporation Limited	Bond - Corporate Bond	₹50.86 Cr	1.32%
Cholamandalam Investment And Finance Company Limited	Bond - Corporate Bond	₹50.84 Cr	1.32%
TVS Credit Services Limited	Bond - Corporate Bond	₹50.68 Cr	1.32%
Infopark Properties Ltd.	Bond - Corporate Bond	₹50.46 Cr	1.31%
JM Financial Home Loans Limited	Bond - Corporate Bond	₹50.46 Cr	1.31%
Nuvoco Vistas Corporation Limited	Bond - Corporate Bond	₹50.04 Cr	1.30%
Tmf Holdings Limited	Bond - Corporate Bond	₹49.93 Cr	1.30%
Ntpc Limited	Bond - Corporate Bond	₹49.72 Cr	1.29%
Tmf Holdings Limited	Bond - Corporate Bond	₹49.17 Cr	1.28%
Power Finance Corporation Limited	Bond - Corporate Bond	₹48.31 Cr	1.25%
6.54% Govt Stock 2032	Bond - Gov't/Treasury	₹45.92 Cr	1.19%
Kalpataru Power Transmission Limited	Bond - Corporate Bond	₹45.15 Cr	1.17%
7.09% Govt Stock 2054	Bond - Gov't/Treasury	₹41.53 Cr	1.08%
VAJRA 009 TRUST	Bond - Asset Backed	₹40.68 Cr	1.06%
UNIVERSE TRUST DEC 2024	Bond - Asset Backed	₹37.46 Cr	0.97%
7.18% Govt Stock 2033	Bond - Gov't/Treasury	₹37 Cr	0.96%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹36.83 Cr	0.96%
6.67% Govt Stock 2035	Bond - Gov't/Treasury	₹35.92 Cr	0.93%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹31.6 Cr	0.82%
Embassy Office Parks REIT	Equity - REIT	₹30.92 Cr	0.80%
Bajaj Housing Finance Limited	Bond - Corporate Bond	₹30.79 Cr	0.80%
7.54% Govt Stock 2036	Bond - Gov't/Treasury	₹27.3 Cr	0.71%
Indus Infra Trust Unit	Equity	₹27.14 Cr	0.70%
7.41% Govt Stock 2036	Bond - Gov't/Treasury	₹27.01 Cr	0.70%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹26.45 Cr	0.69%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹26.27 Cr	0.68%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹26.09 Cr	0.68%
7.81% Govt Stock 2033	Bond - Gov't/Treasury	₹25.98 Cr	0.67%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹25.77 Cr	0.67%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹25.57 Cr	0.66%
Ongc Petro Additions Limited	Bond - Corporate Bond	₹25.46 Cr	0.66%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹25.46 Cr	0.66%
Mahindra Rural Housing Finance Limited	Bond - Corporate Bond	₹25.44 Cr	0.66%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹25.43 Cr	0.66%
Grasim Industries Ltd	Bond - Corporate Bond	₹25.39 Cr	0.66%
Sikka Ports & Terminals Limited	Bond - Corporate Bond	₹25.37 Cr	0.66%
TVS Credit Services Limited	Bond - Corporate Bond	₹25.32 Cr	0.66%
Ongc Petro Additions Limited	Bond - Corporate Bond	₹25.25 Cr	0.66%
JM Financial Home Loans Limited	Bond - Corporate Bond	₹25.23 Cr	0.66%
Indigrid Infrastructure Trust	Bond - Corporate Bond	₹25.19 Cr	0.65%
Muthoot Finance Limited	Bond - Corporate Bond	₹25.17 Cr	0.65%
Housing and Urban Development Corporation, Ltd.	Bond - Gov't Agency Debt	₹25 Cr	0.65%
Capital Infra Trust InvITs	Equity	₹22.05 Cr	0.57%
Sikka Ports & Terminals Limited	Bond - Corporate Bond	₹20.3 Cr	0.53%
Treps - Tri-Party Repo	Cash - Repurchase Agreement	₹17.31 Cr	0.45%
7.34% Govt Stock 2064	Bond - Gov't/Treasury	₹16.05 Cr	0.42%
7.25% Govt Stock 2063	Bond - Gov't/Treasury	₹15.83 Cr	0.41%
Corporate Debt Market Development Fund	Mutual Fund - Open End	₹11.65 Cr	0.30%
6.92% Govt Stock 2039	Bond - Gov't/Treasury	₹10.48 Cr	0.27%
7.4% Power Finance Corporation Limited**	Bond - Corporate Bond	₹10.32 Cr	0.27%
6.95% Govt Stock 2061	Bond - Gov't/Treasury	₹10.15 Cr	0.26%
TATA Motors Limited	Bond - Corporate Bond	₹10.14 Cr	0.26%
State Bank Of India	Bond - Corporate Bond	₹10.11 Cr	0.26%
JM Financial Asset Reconstruction Company Limited	Bond - Corporate Bond	₹10.01 Cr	0.26%
JM Financial Asset Reconstruction Company Limited	Bond - Corporate Bond	₹10.01 Cr	0.26%
NTPC Ltd.	Bond - Corporate Bond	₹10 Cr	0.26%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹49.18 Cr	1.28%

Risk & Performance Ratios

Fund Managers

Shobhit Mehrotra

Since September 2007

Dhruv Muchhal

Since June 2023

Bhavyesh Divecha

Since March 2025

Additional Scheme Detailsas of 15th May 2025

ISIN

INF179K01WI9

Expense Ratio

0.66%

Exit Load

No Charges

Fund Size

₹3,851 Cr

Age

12 years 5 months

Lumpsum Minimum

₹100

Fund Status

Open Ended Investment Company

Benchmark

Nifty Medium Duration Debt TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Medium Duration Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Bandhan Bond Fund - Medium Term Plan Direct Growth Moderate Risk	0.6%	0.0%	₹1478.92 Cr	10.6%
HSBC Medium Duration Regular Growth Moderate Risk	1.1%	0.0%	₹649.17 Cr	10.3%
HSBC Medium Duration Direct Growth Moderate Risk	0.4%	0.0%	₹649.17 Cr	11.1%
Union Medium Duration Fund Regular Growth Moderate Risk	0.9%	1.0%	₹80.25 Cr	7.9%
Union Medium Duration Fund Direct Growth Moderate Risk	0.6%	1.0%	₹80.25 Cr	8.2%
Kotak Medium Term Fund Direct Growth Moderately High risk	0.7%	0.0%	₹1947.46 Cr	11.4%
Kotak Medium Term Fund Regular Growth Moderately High risk	1.6%	0.0%	₹1947.46 Cr	10.3%
ICICI Prudential Medium Term Bond Fund Direct Growth Moderately High risk	0.7%	1.0%	₹5734.45 Cr	10.7%
Axis Nifty AAA Bond Plus SDL Apr 2026 50:50 ETF Low to Moderate Risk	0.1%	-	₹1100.85 Cr	8.2%
Axis Strategic Bond Fund Direct Growth Moderately High risk	0.5%	1.0%	₹1941.37 Cr	11.0%
HDFC Medium Term Debt Fund Direct Growth Moderately High risk	0.7%	0.0%	₹3851.15 Cr	10.5%
Aditya Birla Sun Life Medium Term Plan Direct Growth Moderately High risk	0.8%	2.0%	₹2436.74 Cr	15.9%
SBI Magnum Medium Duration Fund Direct Growth Moderately High risk	0.7%	1.0%	₹6593.26 Cr	10.4%
Sundaram Medium Term Bond Fund Direct Growth Moderate Risk	1.4%	1.0%	₹42.58 Cr	9.1%
DSP Bond Fund Direct Growth Moderately High risk	0.4%	0.0%	₹310.61 Cr	11.1%
UTI Medium Term Fund Direct Growth Moderate Risk	0.8%	1.0%	₹40.71 Cr	10.1%
UTI Medium Term Fund Regular Growth Moderate Risk	1.5%	1.0%	₹40.71 Cr	9.3%
Nippon India ETF Nifty CPSE Bond Plus SDL Sep 2024 50:50 Low Risk	0.2%	-	₹1373.31 Cr	7.2%
BHARAT Bond ETF April 2025 Low to Moderate Risk	0.0%	-	₹9835.68 Cr	7.6%
Nippon India Strategic Debt Fund Direct Growth Moderately High risk	0.5%	1.0%	₹101.67 Cr	10.5%
Nippon India Strategic Debt Fund Regular Growth Moderately High risk	1.1%	1.0%	₹101.67 Cr	9.9%
Aditya Birla Sun Life Medium Term Plan Regular Growth Moderately High risk	1.6%	2.0%	₹2436.74 Cr	15.1%
DSP Bond Fund Regular Growth Moderately High risk	0.7%	0.0%	₹310.61 Cr	10.7%
SBI Magnum Medium Duration Fund Regular Growth Moderately High risk	1.2%	1.0%	₹6593.26 Cr	9.8%
Sundaram Medium Term Bond Fund Regular Growth Moderate Risk	2.1%	1.0%	₹42.58 Cr	8.2%
ICICI Prudential Medium Term Bond Fund Regular Growth Moderately High risk	1.4%	1.0%	₹5734.45 Cr	10.1%
Bandhan Bond Fund - Medium Term Plan Regular Growth Moderate Risk	1.3%	0.0%	₹1478.92 Cr	9.8%
HDFC Medium Term Debt Fund Regular Growth Moderately High risk	1.3%	0.0%	₹3851.15 Cr	9.8%
Baroda BNP Paribas Medium Duration Fund Direct Growth Moderate Risk	0.7%	1.0%	₹28.33 Cr	7.7%
Baroda BNP Paribas Medium Duration Fund Regular Growth Moderate Risk	1.0%	1.0%	₹28.33 Cr	7.4%
Invesco India Medium Duration Fund Regular Growth Moderate Risk	1.1%	0.0%	₹167.86 Cr	9.8%
Invesco India Medium Duration Fund Direct Growth Moderate Risk	0.4%	0.0%	₹167.86 Cr	10.6%
Axis Strategic Bond Fund Regular Growth Moderately High risk	1.1%	1.0%	₹1941.37 Cr	10.3%
Kotak Nifty AAA Bond Plus SDL Apr 2026 70:30 ETF Moderate Risk	-	-	-	-

About the AMC

HDFC Mutual Fund

+91 22 66316333

https://www.hdfcfund.com/

Total AUM

₹7,64,557 Cr

Address

“HUL House”, 2nd Floor, Mumbai, 400 020

Other Funds by HDFC Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
HDFC Pharma and Healthcare Fund Direct Growth Very High Risk	0.8%	1.0%	₹1666.36 Cr	30.1%
HDFC Technology Fund Direct Growth Very High Risk	0.9%	1.0%	₹1330.43 Cr	20.7%
HDFC Fixed Maturity Plan 1162 Days March 2022 Series 46 Direct Growth Low Risk	-	0.0%	₹30.78 Cr	7.2%
HDFC FMP 1204D December 2022 (47) Direct Growth Low to Moderate Risk	-	-	₹51.24 Cr	8.3%
HDFC Fixed Maturity Plans 1269 Days March 2023 Series 47 Direct Growth Low to Moderate Risk	-	0.0%	₹76.38 Cr	9.2%
HDFC Fixed Maturity Plans 1359 Days September 2022 Series 46 Direct Growth Low to Moderate Risk	-	0.0%	₹316.54 Cr	8.6%
HDFC Fixed Maturity Plan 1406 Days August 2022 Series 46 Direct Growth Moderate Risk	-	0.0%	₹246.30 Cr	8.8%
HDFC Fixed Maturity Plans 1113 Days March 2019 Series 44 Plan 1 Direct Growth Moderate Risk	-	0.0%	-	-
HDFC Fixed Maturity Plan 1876 Days Series 46 Direct Growth Low to Moderate Risk	-	0.0%	₹32.94 Cr	9.8%
HDFC Fixed Maturity Plans Series 46 1158D July 2022 Direct Growth Low Risk	-	0.0%	₹161.40 Cr	7.4%
HDFC Fixed Maturity Plan 1861 Days Series 46 Direct Growth Low to Moderate Risk	-	0.0%	₹470.58 Cr	9.8%
HDFC FMP 2638D February 2023 (47) Direct Growth Moderate Risk	-	0.0%	₹151.02 Cr	12.9%
HDFC Fixed Maturity Plans 1127 Days April 2019 Series 44 Plan 1 Direct Growth Moderate Risk	-	-	-	-
HDFC Balanced Advantage Fund Direct Growth Very High Risk	0.8%	1.0%	₹97460.90 Cr	9.8%
HDFC Hybrid Equity Fund Direct Growth Very High Risk	1.0%	1.0%	₹23850.72 Cr	10.2%
HDFC Dynamic PE Ratio Fund of Funds Plan A Direct Growth Moderate Risk	0.1%	0.0%	₹69.69 Cr	5.8%
HDFC Small Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹30880.43 Cr	10.8%
HDFC Housing Opportunities Fund Direct Growth Very High Risk	1.2%	1.0%	₹1279.29 Cr	1.2%
HDFC Large and Mid Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹24326.39 Cr	9.8%
HDFC Nifty G-Sec July 2031 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹711.35 Cr	12.6%
HDFC Nifty G-sec Dec 2026 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1351.76 Cr	9.0%
HDFC Business Cycle Fund Direct Growth Very High Risk	0.8%	1.0%	₹2796.05 Cr	9.5%
HDFC NIFTY Smallcap 250 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹420.37 Cr	9.7%
HDFC Credit Risk Debt Fund Direct Growth Moderately High risk	1.0%	1.0%	₹7134.80 Cr	10.0%
HDFC Nifty SDL Oct 2026 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹200.19 Cr	9.0%
HDFC Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹6049.17 Cr	10.4%
HDFC Banking & Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹4010.23 Cr	18.2%
HDFC Non-Cyclical Consumer Fund Direct Growth Very High Risk	1.1%	1.0%	₹954.76 Cr	10.0%
HDFC Asset Allocator Fund of Funds Direct Growth High Risk	0.1%	1.0%	₹3979.62 Cr	14.1%
HDFC Gold Fund Direct Growth Very High Risk	0.2%	1.0%	₹3870.90 Cr	32.2%
HDFC Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹3021.19 Cr	10.9%
HDFC Dynamic Debt Fund Direct Growth Moderate Risk	0.8%	0.0%	₹811.54 Cr	10.3%
HDFC Medium Term Debt Fund Direct Growth Moderately High risk	0.7%	0.0%	₹3851.15 Cr	10.5%
HDFC Income Fund Direct Growth Moderate Risk	0.8%	0.0%	₹941.50 Cr	10.7%
HDFC Infrastructure Fund Direct Growth Very High Risk	1.0%	1.0%	₹2392.50 Cr	8.0%
HDFC Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹71914.87 Cr	7.3%
HDFC Corporate Bond Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹33177.97 Cr	10.7%
HDFC Mid-Cap Opportunities Fund Direct Growth Very High Risk	0.8%	1.0%	₹74909.76 Cr	13.4%
HDFC Hybrid Debt Fund Direct Growth Moderately High risk	1.1%	1.0%	₹3390.94 Cr	9.7%
HDFC TaxSaver Direct Growth Very High Risk	1.1%	0.0%	₹16232.40 Cr	12.4%
HDFC Multi - Asset Fund Direct Growth High Risk	0.8%	1.0%	₹4240.57 Cr	13.2%
HDFC Equity Savings Fund Direct Growth Moderately High risk	0.9%	1.0%	₹5460.36 Cr	8.7%
HDFC Short Term Debt Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹15030.08 Cr	10.3%
HDFC Top 100 Fund Direct Growth Very High Risk	1.0%	1.0%	₹37315.11 Cr	7.7%
HDFC S&P BSE 500 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹223.97 Cr	8.2%
HDFC Nifty Midcap 150 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹315.82 Cr	10.7%
HDFC Dividend Yield Fund Direct Growth Very High Risk	0.7%	1.0%	₹6176.92 Cr	7.2%
HDFC Low Duration Fund Direct Growth Low to Moderate Risk	0.5%	0.0%	₹21094.79 Cr	8.9%
HDFC Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹19627.20 Cr	7.6%
HDFC Capital Builder Value Fund Direct Growth Very High Risk	1.0%	1.0%	₹7116.47 Cr	11.7%

Risk Level

Your principal amount will be at Moderately High risk

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Still got questions?
We're here to help.

What is the current NAV of HDFC Medium Term Debt Fund Direct Growth?

The NAV of HDFC Medium Term Debt Fund Direct Growth, as of 06-Jun-2025, is ₹61.34.

What are the returns of HDFC Medium Term Debt Fund Direct Growth?

The fund has generated 10.52% over the last 1 year and 8.67% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of HDFC Medium Term Debt Fund Direct Growth?

The fund's allocation of assets is distributed as 2.08% in equities, 94.31% in bonds, and 3.31% in cash and cash equivalents.

Who manages the HDFC Medium Term Debt Fund Direct Growth?

The fund managers responsible for HDFC Medium Term Debt Fund Direct Growth are:-

Shobhit Mehrotra
Dhruv Muchhal
Bhavyesh Divecha

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹3,851 Cr

Expense Ratio

0.66%

ISIN

INF179K01WI9

Minimum SIP

₹100

Exit Load

No Charges

Inception Date

01 Jan 2013

Risk Level

Your principal amount will be at Moderately High risk