SBI Medium to Long Term Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

SBI Medium to Long Term Fund Direct Growth Plan has a NAV of ₹80.4634 as of 09 Sep 2026 and a scheme AUM of ₹2,046 Cr. Its 1-year, 3-year and 5-year returns are 5.23%, 7.03% and 6.26%, and the fund sits in the Medium Risk category.

Our view is that this is a steadier debt option rather than a high-pace return seeker. The mix of government securities, cash and corporate debt gives it a more measured profile, so it may suit investors who want moderate risk and can stay invested long enough to absorb short-term unevenness.

Quick facts

Particular	Details
NAV	₹80.4634 as of 09 Sep 2026
AUM	₹2,046 Cr
Expense Ratio	0.77%
Launch Date	01 Jan 2013
Min SIP	₹500
Risk Category	Medium Risk
Benchmark	Nifty 50
Fund Category	Debt
Exit Load	Nil for 10% of investment and 1% for remaining Investment on or before 1Y, Nil after 1Y
Fund Managers	Mohit Jain

The fund is managed by Mohit Jain.

Source data date: as of 09 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.14%	-4.69%
3M	1.78%	0.93%
1Y	5.23%	-7.16%
3Y	7.03%	6%
5Y	6.26%	5.87%

The recent picture is constructive. Over 1 month, the fund was slightly negative, but the benchmark was weaker still, which tells us the scheme preserved relative stability during a soft spell. Over 3 months, both moved up, and the fund stayed ahead of the benchmark.

The 1-year number is more telling because the fund posted a positive return while the benchmark was negative. That gap suggests the portfolio has held up better than the index over the recent cycle, even though the fund is not a fast-growing short-term compounder.

Looking further out, the 3-year and 5-year returns are close to the benchmark but a little better. That is an important pattern: the fund has not shown explosive compounding, yet it has maintained a steadier edge over longer periods. The time pattern also points to a relatively contained drawdown profile, with shorter periods of wobble rather than deep, persistent slippage.

For an investor, the message is simple. The fund has been more resilient than the benchmark in the latest year and slightly better over longer horizons, but the gains have remained moderate. That makes it more useful as a measured debt allocation than as a return-maximising satellite.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD SBI Medium to Long Term?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Franklin India Medium to Long Term Fund Direct Growth Plan	5.58%	Data not available	Data not available
ICICI Pru Medium to Long Term Fund Direct Growth Plan	5.36%	7.34%	6.4%
LIC MF Medium to Long Term Fund Direct Growth Plan	5.32%	7.42%	6.31%
SBI Medium to Long Term Fund Direct Growth Plan	5.23%	7.03%	6.26%
Kotak Medium to Long Term Fund Direct Growth Plan	5.22%	7.27%	6.22%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the latest 1-year figure, the fund trails Franklin India Medium to Long Term Fund Direct Growth Plan, ICICI Pru Medium to Long Term Fund Direct Growth Plan and LIC MF Medium to Long Term Fund Direct Growth Plan, but the gap is small. That keeps the recent comparison fairly tight rather than sharply one-sided.

Over 3 years, the fund is below ICICI Pru Medium to Long Term Fund Direct Growth Plan, LIC MF Medium to Long Term Fund Direct Growth Plan and Kotak Medium to Long Term Fund Direct Growth Plan, while its 5-year return is slightly behind ICICI Pru Medium to Long Term Fund Direct Growth Plan and LIC MF Medium to Long Term Fund Direct Growth Plan. The short-term and longer-term comparisons point in the same direction: the fund is competitive, but it has not clearly pulled ahead of the stronger peer figures available here.

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
7.24% CGL 2055	Government Securities	11.76%
6.68% CGL 2040	Government Securities	9.44%
6.94% CGL 2036	Government Securities	8.55%
TREPS	Cash & Cash Equivalents and Net Assets	5.97%
Torrent Power Ltd.	Corporate Debt	4.95%
Muthoot Finance Ltd.	Corporate Debt	4.86%
Godrej Seeds & Genetics Ltd.	Corporate Debt	4.83%
6.90% State Government of Bihar 2035	Government Securities	4.66%
JSW Kalinga Steel Ltd.	Corporate Debt	3.79%
Adani Power Ltd.	Corporate Debt	3.4%

The largest holding, 7.24% CGL 2055, carries a weight of 11.76%, which is large enough to matter but not so large that it dominates the whole portfolio. The move from the first holding to the tenth is gradual rather than abrupt, which suggests the scheme is spread across several meaningful positions instead of depending on one or two outsized bets.

The top ten holdings together account for approximately 62.21% of the portfolio, and the scheme discloses 25 holdings in total. That combination points to moderate concentration: the visible core is important, but there is still a longer tail that may soften the impact of any single position.

Government securities take a visible share of the top holdings, with corporate debt and cash also present. In our view, that mix can support steadier behaviour than a purely credit-heavy book, while still leaving room for yield-linked movement from the corporate side.

To see all holdings, visit the SBI Medium to Long Term Fund Direct Growth Plan page

Source data date: as of 09 Sep 2026

Who should invest

This fund may suit investors who are comfortable with medium risk and want a debt-oriented allocation that can ride out short-term bumps. The 1-year, 3-year and 5-year return pattern suggests steadier compounding rather than dramatic swings, and the benchmark comparison shows it has generally held up better than the index in the recent period.

The main trade-off is that the fund offers a relatively measured return profile instead of aggressive upside. Investors with a medium-to-long horizon may find that acceptable if their priority is smoother progression and exposure to government securities and corporate debt rather than chasing sharp market-linked gains.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: Nil for 10% of investment and 1% for the remaining investment on or before 1 year; nil after 1 year.

Source data date: as of 09 Sep 2026

Frequently asked questions

What is the current NAV of SBI Medium to Long Term Fund Direct Growth Plan?
Its NAV is ₹80.4634 as of 09 Sep 2026.

What are the 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are 5.23%, 7.03% and 6.26%.

How has it performed versus the benchmark?
It has done better than the benchmark across the listed 1-month, 3-month, 1-year, 3-year and 5-year periods. The sharpest gap is at 1 year, where the fund is positive and the benchmark is negative.

How does it compare with peer funds on available return data?
Its recent 1-year return is close to the peer set, but a few peers are ahead on the same measure. On 3-year and 5-year figures, it stays competitive without clearly exceeding the strongest available peer numbers.

Is there a minimum SIP amount?
Yes, the minimum SIP amount is ₹500.

Who manages the fund and what is the exit load?
The fund is managed by Mohit Jain. The exit load is nil for 10% of investment and 1% for the remaining investment on or before 1 year, and nil after 1 year.

Bottom line

SBI Medium to Long Term Fund Direct Growth Plan has been steadier than the benchmark in recent periods and remains slightly ahead over longer horizons, but its gains are moderate rather than high-octane. Relative to the available peer figures, it stays competitive without clearly outpacing the stronger comparables. The portfolio leans on government securities, with a meaningful corporate debt slice and some cash support. That profile may appeal to investors seeking a medium-risk debt holding with a measured return path and a longer holding horizon.

Published on 10 September 2026 at 1:14 PM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.