HDFC Medium Term Debt Fund Direct Growth
DebtMedium DurationModerately High risk
Direct
NAV (18-Jun-25)
₹61.160.01%1D
Returns (Since Inception)
8.29%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹3,888 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 18 days, having been launched on 01-Jan-13.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹61.16, Assets Under Management (AUM) of 3887.85 Crores, and an expense ratio of 0.66%.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹61.16, Assets Under Management (AUM) of 3887.85 Crores, and an expense ratio of 0.66%.
- HDFC Medium Term Debt Fund Direct Growth has given a CAGR return of 8.29% since inception.
- The fund's asset allocation comprises around 2.10% in equities, 91.43% in debts, and 6.17% 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
+9.81%
+9.31% (Cat Avg.)
3 Years
+8.60%
+8.39% (Cat Avg.)
5 Years
+7.65%
+7.31% (Cat Avg.)
10 Years
+8.06%
+6.47% (Cat Avg.)
Since Inception
+8.29%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Equity | ₹81.75 Cr | 2.10% |
| Debt | ₹3,554.61 Cr | 91.43% |
| Others | ₹251.49 Cr | 6.47% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 7.18% Govt Stock 2037 | Bond - Gov't/Treasury | ₹320.02 Cr | 8.23% |
| 7.23% Govt Stock 2039 | Bond - Gov't/Treasury | ₹198.55 Cr | 5.11% |
| Tata Steel Limited | Bond - Corporate Bond | ₹148.84 Cr | 3.83% |
| 6.79% Govt Stock 2034 | Bond - Gov't/Treasury | ₹124.45 Cr | 3.20% |
| Net Current Assets | Cash | ₹107.62 Cr | 2.77% |
| Kalpataru Power Transmission Limited | Bond - Corporate Bond | ₹101.72 Cr | 2.62% |
| Small Business Fincredit India Private Limited | Bond - Corporate Bond | ₹99.71 Cr | 2.56% |
| SK Finance Limited | Bond - Corporate Bond | ₹99.23 Cr | 2.55% |
| The Tata Power Company Limited | Bond - Corporate Bond | ₹77.8 Cr | 2.00% |
| 7.44% Power Finance Corporation Limited (15/01/2030) ** | Bond - Corporate Bond | ₹77.3 Cr | 1.99% |
| Motilal Oswal Home Finance Limited | Bond - Corporate Bond | ₹75.86 Cr | 1.95% |
| Truhome Finance Limited | Bond - Corporate Bond | ₹75.53 Cr | 1.94% |
| IIFL Finance Limited | Bond - Corporate Bond | ₹74.94 Cr | 1.93% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹73.01 Cr | 1.88% |
| Treps - Tri-Party Repo | Cash - Repurchase Agreement | ₹72.09 Cr | 1.85% |
| Pipeline Infrastructure Pvt Ltd. | Bond - Corporate Bond | ₹71.32 Cr | 1.83% |
| 7.3% Govt Stock 2053 | Bond - Gov't/Treasury | ₹63.62 Cr | 1.64% |
| Pipeline Infrastructure Ltd. | Bond - Corporate Bond | ₹61.76 Cr | 1.59% |
| Aadhar Housing Finance Ltd. | Bond - Corporate Bond | ₹60.5 Cr | 1.56% |
| Indigrid Infrastructure Trust | Bond - Corporate Bond | ₹55 Cr | 1.41% |
| 7.37% Housing & Urban Development Corp Ltd. ** | Bond - Corporate Bond | ₹51.91 Cr | 1.34% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹51.3 Cr | 1.32% |
| Indian Oil Corporation Limited | Bond - Corporate Bond | ₹51.15 Cr | 1.32% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹51.13 Cr | 1.32% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹51.09 Cr | 1.31% |
| 6.99% Govt Stock 2034 | Bond - Gov't/Treasury | ₹51.04 Cr | 1.31% |
| Tata Power Renewable Energy Limited | Bond - Corporate Bond | ₹50.99 Cr | 1.31% |
| TVS Credit Services Limited | Bond - Corporate Bond | ₹50.73 Cr | 1.30% |
| JM Financial Home Loans Limited | Bond - Corporate Bond | ₹50.62 Cr | 1.30% |
| Infopark Properties Ltd. | Bond - Corporate Bond | ₹50.54 Cr | 1.30% |
| Nuvoco Vistas Corporation Limited | Bond - Corporate Bond | ₹50.08 Cr | 1.29% |
| Tmf Holdings Limited | Bond - Corporate Bond | ₹50 Cr | 1.29% |
| Ntpc Limited | Bond - Corporate Bond | ₹49.78 Cr | 1.28% |
| Tmf Holdings Limited | Bond - Corporate Bond | ₹49.32 Cr | 1.27% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹48.49 Cr | 1.25% |
| 6.54% Govt Stock 2032 | Bond - Gov't/Treasury | ₹46.11 Cr | 1.19% |
| Kalpataru Power Transmission Limited | Bond - Corporate Bond | ₹45.23 Cr | 1.16% |
| 7.09% Govt Stock 2054 | Bond - Gov't/Treasury | ₹41.33 Cr | 1.06% |
| VAJRA 009 TRUST | Bond - Asset Backed | ₹40.42 Cr | 1.04% |
| UNIVERSE TRUST DEC 2024 | Bond - Asset Backed | ₹37.37 Cr | 0.96% |
| 7.18% Govt Stock 2033 | Bond - Gov't/Treasury | ₹37.03 Cr | 0.95% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹37.03 Cr | 0.95% |
| 6.67% Govt Stock 2035 | Bond - Gov't/Treasury | ₹36.06 Cr | 0.93% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹31.72 Cr | 0.82% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹31.07 Cr | 0.80% |
| Embassy Office Parks REIT | Equity - REIT | ₹30.67 Cr | 0.79% |
| Indus Infra Trust Unit | Equity | ₹27.87 Cr | 0.72% |
| 7.54% Govt Stock 2036 | Bond - Gov't/Treasury | ₹27.36 Cr | 0.70% |
| 7.41% Govt Stock 2036 | Bond - Gov't/Treasury | ₹27.06 Cr | 0.70% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹26.66 Cr | 0.69% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹26.42 Cr | 0.68% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹26.42 Cr | 0.68% |
| 7.81% Govt Stock 2033 | Bond - Gov't/Treasury | ₹25.96 Cr | 0.67% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.91 Cr | 0.67% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹25.72 Cr | 0.66% |
| Ongc Petro Additions Limited | Bond - Corporate Bond | ₹25.54 Cr | 0.66% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹25.52 Cr | 0.66% |
| Mahindra Rural Housing Finance Limited | Bond - Corporate Bond | ₹25.49 Cr | 0.66% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.49 Cr | 0.66% |
| Grasim Industries Ltd | Bond - Corporate Bond | ₹25.47 Cr | 0.66% |
| Sikka Ports & Terminals Limited | Bond - Corporate Bond | ₹25.39 Cr | 0.65% |
| Indigrid Infrastructure Trust | Bond - Corporate Bond | ₹25.34 Cr | 0.65% |
| JM Financial Home Loans Limited | Bond - Corporate Bond | ₹25.29 Cr | 0.65% |
| Ongc Petro Additions Limited | Bond - Corporate Bond | ₹25.27 Cr | 0.65% |
| Housing and Urban Development Corporation, Ltd. | Bond - Gov't Agency Debt | ₹25.25 Cr | 0.65% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹25.19 Cr | 0.65% |
| Capital Infra Trust InvITs | Equity | ₹23.21 Cr | 0.60% |
| Sikka Ports & Terminals Limited | Bond - Corporate Bond | ₹20.31 Cr | 0.52% |
| 7.34% Govt Stock 2064 | Bond - Gov't/Treasury | ₹15.97 Cr | 0.41% |
| 7.25% Govt Stock 2063 | Bond - Gov't/Treasury | ₹15.77 Cr | 0.41% |
| Corporate Debt Market Development Fund | Mutual Fund - Open End | ₹11.69 Cr | 0.30% |
| 6.92% Govt Stock 2039 | Bond - Gov't/Treasury | ₹10.47 Cr | 0.27% |
| 7.4% Power Finance Corporation Limited** | Bond - Corporate Bond | ₹10.38 Cr | 0.27% |
| TATA Motors Limited | Bond - Corporate Bond | ₹10.16 Cr | 0.26% |
| 6.95% Govt Stock 2061 | Bond - Gov't/Treasury | ₹10.12 Cr | 0.26% |
| NTPC Ltd. | Bond - Corporate Bond | ₹10.06 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 Cr | 0.26% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹51.08 Cr | 1.31% |
Risk & Performance Ratios
Standard Deviation
This fund
1.25%
Cat. avg.
2.36%
Lower the better
Sharpe Ratio
This fund
1.37
Cat. avg.
0.74
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.47
Higher the better
Fund Managers
Shobhit Mehrotra
Since September 2007
DM
Dhruv Muchhal
Since June 2023
BD
Bhavyesh Divecha
Since March 2025
Additional Scheme Detailsas of 31st May 2025
ISIN | INF179K01WI9 | Expense Ratio | 0.66% | Exit Load | No Charges | Fund Size | ₹3,888 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:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
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% | ₹1487.56 Cr | 9.9% |
| HSBC Medium Duration Regular Growth Moderate Risk | 1.1% | 0.0% | ₹647.81 Cr | 9.6% |
| HSBC Medium Duration Direct Growth Moderate Risk | 0.4% | 0.0% | ₹647.81 Cr | 10.3% |
| 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% | ₹1911.59 Cr | 10.7% |
| Kotak Medium Term Fund Regular Growth Moderately High risk | 1.6% | 0.0% | ₹1911.59 Cr | 9.7% |
| ICICI Prudential Medium Term Bond Fund Direct Growth Moderately High risk | 0.7% | 1.0% | ₹5732.58 Cr | 10.3% |
| Axis Nifty AAA Bond Plus SDL Apr 2026 50:50 ETF Low Risk | 0.1% | - | ₹1104.92 Cr | 8.0% |
| Axis Strategic Bond Fund Direct Growth Moderately High risk | 0.6% | 1.0% | ₹1945.01 Cr | 10.4% |
About the AMC
Total AUM
₹7,64,557 Cr
Address
“HUL House”, 2nd Floor, Mumbai, 400 020
Other Funds by HDFC Mutual Fund
Risk Level
Your principal amount will be at Moderately High risk
Unlock Expert Insights!
Related Articles
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 18-Jun-2025, is ₹61.16.
What are the returns of HDFC Medium Term Debt Fund Direct Growth?
The fund has generated 9.81% over the last 1 year and 8.60% 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 2.10% in equities, 91.43% in bonds, and 6.17% 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.
©2021-2022 Dezerv. All Rights Reserved
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.