Fundalysisby DARKHORSESTOCKS

Scheme

HDFC Medium Term Fund

Holds 5 companies worth ₹159 Cr in Sept 2026.

  • Fund house

    HDFCThe fund house that runs this scheme.

  • AUM

    ₹3,499 CrHDFC Medium Term Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 2.8% on Aug 2026, ₹3,599 Cr.

  • Largest holding

    Raajmarg Infra Investment TrustRaajmarg Infra Investment Trust is 1.3% of this scheme's NAV.

  • Fund manager

    Bhavyesh DivechaRuns it since 1 Mar 2025, as the fund house dates it. With Anil Bamboli (co-manager), Praveen Jain (co-manager), Gopal Agrawal (overseas).

Overview(14 Sept 2026)

Fund managers4

  1. Bhavyesh DivechaFund manager · Mar 2025 · 19y · CFA PGDM B.E.
  2. Anil BamboliCo-manager · Mar 2026 · 31y · CFA MMS B.Com
  3. Praveen JainCo-manager · Mar 2026 · 21y · CA CFA B.Com
  4. Gopal AgrawalOverseas · Sept 2026 · 21y · B.E.
  1. Dhruv MuchhalJun 2023 – Sept 2026
  2. Shobhit MehrotraSept 2007 – Mar 2026

Key facts

Benchmark
Nifty Medium Duration Debt Index A-III
Risk
Moderately High
Expense
Regular 1.3% · Direct 0.7%
Exit load
Nil
Started
6 Feb 2002
Minimum
₹100

Source.Its Scheme Summary Document as of 14 Sept 2026 at AMFI.

What changed(15 changes)

Sept 2026

4 changes
  1. Renamed
    14 SeptHDFC Medium Term Debt Fund → HDFC Medium Term Fund
  2. Category
    14 SeptMedium Duration Fund → Medium Term Fund
  3. Gopal Agrawal joined
    11 Septfor overseas investments
  4. Dhruv Muchhal left
    11 Septran it for overseas investments from Jun 2023

Aug 2026

1 change
  1. Expense ratio
    13 AugRegular 1.33% → 1.3%Direct 0.69% → 0.7%

May 2026

1 change
  1. Expense ratio
    12 MayDirect 0.67% → 0.69%

Source.Its filings at NSE, since Sept 2024.

Fund managers over time(Sept 2007 – now)

  1. Bhavyesh Divecha
  2. Anil Bamboli
  3. Praveen Jain
  4. Gopal Agrawal
  5. Dhruv Muchhal
  6. Shobhit Mehrotra
MainCoSlice20082012201620202024
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Sept 2024 – Sept 2026)

Every change to the expense ratio, newest first.
8 changesRegularDirectΔ pt
13 Aug 20261.30%0.70%0.01
12 May 20261.33%0.69%0.02
14 Aug 20251.33%0.67%0.01
12 May 20251.32%0.66%0
27 Mar 20251.27%0.66%0
12 Feb 20251.29%0.66%0.01
15 Oct 20241.33%0.65%0.05
15 Sept 20241.28%0.60%–
Direct plan, 13 Aug 2026
0.70%
Regular plan 1.30% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(14 Sept 2026)

Objective

To generate income/capital appreciation through investments in Debt and Money Market Instruments. There is no assurance that the investment objective of the Scheme will be achieved

Risk, type and benchmark

Riskometer
Moderately High
Risk class
C-III: relatively high credit risk, relatively high interest-rate risk
Type
An open ended medium term debt scheme investing in instruments such that the Macaulay Duration of the portfolio is between 3 to 4 years. A Relatively High Interest Rate Risk and Relatively High Credit Risk.
Benchmark
Nifty Medium Duration Debt Index A-III

Asset allocation it may hold% of NAV

  1. Debt (including securitised debt) and Money Market Instruments
    Allowed0–100%Holds95.4%

Holds in Sept 2026.1.0% equity · 95.4% debt and cash · 3.6% REITs and InvITs

How to invest(14 Sept 2026)

Buying

To start
₹100, then any amount
To add
₹100, then any amount
Systematic
For Systematic Investmet Plan (SIP) Daily, Weekly, Monthly, Quarterly, Half Yearly and Yearly For Systematic Withdrawal Advantage Plan (SWAP) Fixed SWAP - Monthly, Quarterly, Half Yearly, Yearly Variable SWAP - Quarterly, Half Yearly, Yearly For Sytematic Transfer Plan (STP) Fixed Systematic Transfer Plan (FSTP) - Daily, Weekly, Monthly, Quarterly Capital Appreciation Systematic Transfer Plan (CASTP) - Monthly, Quarterly
Dates
SIP: For Daily SIP- All Business Days For Weekly SIP- Any business day between Monday to Friday, (Default date is Wednesday) For all other frequnecies - Any date fo the month. If it happens to be a non-Business Day, SIP will be processed on the next Business Day (Default date = 10th of the month) SWP: For Fixed and Variable SWP- Any date. Default Date: 25th STP For Daily FSTP- All Business days For Weekly FSTP-Monday,Tuesday,Wednesday,Thursday,Friday (Default Day) For Monthly FSTP and CASTP - 1,5,10#,15,20,25 For Quarterly FSTP and CASTP - 1,5,10#,15,20,25 #Default Date
Minimum
For SIP DSIP, WSIP, MSIP - Rs. 100; QSIP - Rs. 1500; HSIP - Rs. 2500; YSIP - Rs. 5000. For SWAP Fixed SWAP - Rs. 100; Variable SWAP - Rs. 300. For STP Fixed STP (FSTP) Daily FSTP - Rs. 500; Weekly FSTP - Rs. 500; Monthly FSTP - Rs. 1000; Quarterly FSTP -Rs. 3000. Capital Appreciation STP (CASTP) Monthly CASTP - Rs. 300; Quarterly CASTP - Rs 1000., then for SIP and SWAP Re. 1/- thereafter; For STP FSTP Daily, Monthly, Quarterly FSTP - Rs. 100 thereafter Weekly FSTP - any amount thereafter CASTP Mulitples will be based on the appreciated amount
Instalments
SIP: Minimum number of installments under DSIP- 2 Minimum number of Installments under WSIP and MSIP : - In respect of each SIP Installment between Rs.300 to Rs.499 in value - 20 - In respect of each SIP Installment between Rs.500 to Rs.999 in value - 12. In respect of each SIP Installment equal to or greater than Rs 1,000 in value - 6 Minimum number of installments under QSIP : - In respect of each SIP Installment between Rs.1,500 to Rs.2,999 in value- 4; In respect of each SIP Installment equal to or greater than Rs. 3,000 in value- 2 Minimum number of installments under HYSIP: - In respect of each SIP Installment equal to or greater than Rs. 2,500 in value- 2 Minimum number of installments under YSIP: - In respect of each SIP Installment equal to or greater than Rs. 5,000 in value- 1 SWP: For Fixed and Variable SWP- 2 STP: Under Daily FSTP: -where installment amount is less than Rs. 1,000 : 12 - where installment amount is equal to or greater than Rs. 1,000: 6 Under Weekly STP : - Where installment amount is less than Rs. 1,000: 12 installments - Where installment amount is equal to or greater than Rs. 1,000: 6 installments However, for weekly STP in equity linked savings schemes, there should be a minimum of 6 installments for enrollment. Under Monthly FSTP & Monthly CASTP : - Minimum 6 installments, Under Quarterly FSTP & Quarterly CASTP : - Minimum 2 installments. Further, the minimum balance in the Unit holders account or the minimum amount of application at the time of enrolment for STP in the Transferor Scheme should be Rs. 12,000. There will be no maximum duration for STP enrolment.

Selling and switching

To redeem
Rs.100 and and multiples of Rs.1 thereafter or No minimum redemption criterion for Unit based redemption units
Minimum balance
There is no minimum balance amount requirement. or There is no minimum balance amount in units requirement. units
Switch minimum
Switch - in: Rs.100 and any amount thereafter. Additional Amount:. Rs. 100 Switch-out :Rs. 100 and multiples of Rs. 1/- thereafter
Switch multiples
Any amount
Switch most
Switch in: Not Applicable Switch out: Not applicable. or Switch in: Not Applicable. Switch out: Not applicable. units

Scheme details(14 Sept 2026)

What it is

Category
Medium Term Fund
Started
6 Feb 2002
Plans
Plans: Regular and Direct. Each Plan offers the following sub-options: · a)Growth Option. · b)Income Distribution cum Capital Withdrawal (IDCW) Option. This Option offers following Sub-Options / facilities: · • Payout of Income Distribution cum Capital Withdrawal (IDCW) Option / facility and · • Re-investment of Income Distribution cum Capital Withdrawal (IDCW) Option / facility. · Sub Options under the above: · • Normal · • Fortnightly
Face value
₹10
Listed
No

How it is run

Swing pricing
Yes
Side-pocketing
No
Custodian
ICICI Bank Limited
Auditor
S.R. Batliboi & Co. LLP – Chartered Accountants
Registrar
Computer Age Management Services Limited
SEBI code
HDFC/O/D/MDF/18/03/0035