NIPPON INDIA MEDIUM DURATION FUND - DIRECT Plan - QUARTERLY IDCW Option

NIPPON INDIA MEDIUM DURATION FUND - DIRECT Plan - QUARTERLY IDCW Option lags behind most of its peers in the Medium Duration Fund category, currently carrying a 1-star rating. Returns have been soft relative to what the category has offered — worth checking if this is a temporary phase or a longer pattern. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 40/100.

Cost: At 0.5%, the expense ratio is meaningfully cheaper — about 35% below the Medium Duration Fund category average of 0.77% (based on 21 comparable funds). Lower costs compound in your favour over long holding periods.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -1.81 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 4.66% is on the lower side, suggesting a comparatively smoother ride.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Debt fund.