According to Sebi norms, medium to long term funds have a mandate to invest in debt and money market instruments in such a way that the Macaulay s duration of the portfolio is four to seven years.
Medium to long term funds have a mandate to invest in debt and money market instruments with a duration of four to seven years. These schemes are suitable for debt investors with a long horizon and willingness to take extra risk.
The asset under management of the medium to long duration fund category as on December 31, 2023 was at Rs 10,337.85 crore. The asset under management of the medium to long duration fund category has surged 16.80% in 2023, from Rs 8,850.88 crore in January to Rs 10,337.85 crore in November.