JM Medium to Long Term Fund
Fund basics
Everything the NAV says
Computed from 3,298 published NAVs between 3 Jan 2013 and 28 Aug 2026 — 13.6 years of history. Nothing here is an estimate; it is arithmetic on what the fund actually printed.
How it has moved
Return over time (%)
| Fund name | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|
| JM Medium to Long Term Fund Direct | -0.01 | 2.09 | 1.71 | 4.27 | 6.81 | 5.53 | 5.31 | 4.74 | 5.63 |
| Long Duration category median · 20 funds | — | — | — | 4.59 | 6.91 | 6.36 | — | 6.89 | — |
Anything over a year is annualised (CAGR); shorter windows are absolute. The benchmark row is the index fund named below, priced daily by AMFI like every other scheme here. The category row is the median Direct plan in Long Duration — the middle fund, not a ranking, and a median rather than an average so that one mis-stated scheme cannot move it. As on 27 Aug 2026.
Risk measures
| Fund name | Volatility | Sharpe | Sortino | Beta | Alpha | Max fall |
|---|---|---|---|---|---|---|
| JM Medium to Long Term Fund Direct | 3.98 | 0.08 | 0.09 | — | — | -10.57 |
Risk-free rate 6.5%. Beta and alpha need an index, so the benchmark's own row leaves them blank.
Risk
| Volatility | Downside volatility | Sharpe | Sortino |
|---|---|---|---|
| 4.0% | 3.4% | 0.08 | 0.09 |
Risk-free rate 6.5%, roughly the 10-year government bond.
The worst it has been
| Deepest fall | Time to recover | Today, from its peak |
|---|---|---|
| -10.6% | 11 months | At a high |
A drawdown is the fall from a previous high to the low that followed it. It is the number that decides whether somebody stays invested — a fund can have an excellent ten-year return and still have been unbearable to hold in year four.
Every one-year period it has lived through
| Best year | Median year | Worst year | Losing years |
|---|---|---|---|
| 15.8% | 6.2% | -6.6% | 7% |
Rolling returns ask a fairer question than a single five-year figure: not "what did it do from this one start date", but "what happened across every start date". A fund whose worst year is −45% is a different proposition from one whose worst is −8%, even if the averages match.
Calendar years
If you had run a SIP
₹10,000 every month for five years — ₹600,000 invested in all — would be worth ₹701,879 today, an XIRR of 6.22% a year.
XIRR, not CAGR. A SIP's money arrives over sixty months, so most of it has been invested for far less than five years — which is why this figure normally sits below the five-year CAGR above in a rising market, and above it in a falling one. It is the return the investor got, not the return the fund got.
How it compares in its category
Against the Long Duration Direct schemes with the highest three-year return. Same category, same plan — the only comparison that means anything. The list re-sorts itself as returns move; it is an ordering by one number, not a view on which fund anyone should hold.
| Scheme | Return | Alpha | Beta | Volatility | Sharpe | Max fall |
|---|---|---|---|---|---|---|
| JM Medium to Long Term Fund JM Financial Mutual Fund · this scheme | 6.8% | — | — | 4.0% | 0.08 | -10.6% |
| LIC MF Medium to Long Term Fund LIC Mutual Fund | 7.5% | — | — | 2.6% | 0.37 | -6.2% |
| ICICI Prudential Medium to Long Term Fund ICICI Prudential Mutual Fund | 7.4% | — | — | 3.1% | 0.30 | -10.2% |
| Kotak Medium to Long Term Fund Kotak Mahindra Mutual Fund | 7.3% | — | — | 3.6% | 0.23 | -9.9% |
| BANK OF INDIA CONSERVATIVE HYBRID FUND Bank of India Mutual Fund | 7.3% | — | — | 5.5% | 0.14 | -15.4% |
| ICICI Prudential Long Term Fund ICICI Prudential Mutual Fund | 6.9% | — | — | 4.4% | 0.09 | -12.0% |
| HDFC Medium to Long Term Fund HDFC Mutual Fund | 6.9% | — | — | 3.4% | 0.12 | -10.6% |
| SBI MEDIUM TO LONG TERM FUND SBI Mutual Fund | 7.0% | — | — | 3.0% | 0.17 | -8.5% |
| Aditya Birla Sun Life Long Duration Fund Aditya Birla Sun Life Mutual Fund | 6.8% | — | — | 3.0% | 0.10 | -3.3% |
Alpha and beta are against the category index. Max fall is the deepest peak-to-trough drop in each fund's own history, so a longer-running fund has had more chances to record a bad one. Click a column to sort. This is a sort, not a ranking, and nothing here is a recommendation.
What a Long Duration scheme is
Portfolio duration above 7 years.
The most rate-sensitive debt category there is. A one-point fall in yields can add several points of return; a rise does the same in reverse. This is a view on interest rates, not a parking place.
Who it suits. Investors who deliberately want duration when rates look set to fall.
How long money should stay. 7 years or more.
Questions people ask
What is the NAV of JM Medium to Long Term Fund — Direct Plan — Growth Option?
₹72.3912 as on 27 Aug 2026, from AMFI's daily NAV file. NAV is declared once each business day after markets close, so the figure here is the most recent one published.
What is the difference between the Direct and Regular plan of JM Medium to Long Term Fund?
They hold the identical portfolio, run by the same manager. A Regular plan pays a distributor commission out of the fund, inside its expense ratio — commonly 0.5% to 1.2% a year more than Direct. That difference is charged on the whole balance, every year, so it compounds: on ₹1,00,000 held ten years a gap of 1.5 percentage points is roughly ₹1.4 lakh of ending value. Direct is the same fund without the commission.
What does the Growth option mean?
Growth reinvests everything the fund earns back into the NAV. Nothing is paid out, so the NAV rises with returns and you are taxed only when you sell. For anybody who does not need income from the investment, Growth is the simpler and usually the more tax-efficient option.
What kind of scheme is this?
Portfolio duration above 7 years. The most rate-sensitive debt category there is. A one-point fall in yields can add several points of return; a rise does the same in reverse. This is a view on interest rates, not a parking place.
How long should money stay in it?
Typically 7 years or more. Investors who deliberately want duration when rates look set to fall.