Best Performing Debt Mutual Funds 03 Apr 2020

Looking for top performing debt mutual funds in India? Below are the best debt mutual funds, measured by their relative performance. Are these the best mutual funds to invest in right now? Not necessarily. These are the mutual funds that have fared better when compared to other debt mutual funds in same category.

There are many debt mutual funds that have generated excess returns when compared to their respective benchmark indices. These are the mutual funds that would have created wealth for you, if you would’ve made investments in them via lump sum or via Systematic Investment Plan (SIP). But only the most consistent mutual fund will have the ability to generate wealth over the long term.

Best Performing Debt Mutual Funds

Liquid Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Quant Liquid Plan 6.7 1.0 163
Franklin India Liquid Fund Super Institutional Plan 6.5 0.9 13546
IDBI Liquid Fund 6.3 0.2 2167
BNP Paribas Liquid Fund 6.3 0.2 1820
Baroda Liquid Fund 6.3 0.3 8706
Aditya Birla Sun Life Liquid Fund 6.3 0.3 41466
Mahindra Liquid Fund 6.3 0.3 2801
Axis Liquid Fund 6.2 0.2 30919
Nippon India Liquid Fund 6.2 0.3 28267
Tata Liquid Fund 6.2 0.3 18671
LIC MF Liquid Fund 6.2 0.3 9789
ICICI Prudential Liquid Fund 6.2 0.3 45079
PGIM India Insta Cash Fund 6.2 0.3 780
Edelweiss Liquid Fund 6.2 0.4 1501
L&T Liquid Fund 6.2 0.2 9936
Union Liquid Fund 6.2 0.2 685
DSP Liquidity Fund 6.1 0.2 12761
Sundaram Money Fund 6.1 0.2 5803
Mirae Asset Cash Management Fund 6.1 0.2 3834
UTI Liquid Cash Fund 6.1 0.3 31148

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Dynamic Bond Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Mirae Asset Dynamic Bond Fund 13.2 1.5 51
SBI Dynamic Bond Fund 12.6 1.7 1309
IDFC Dynamic Bond Fund 12.0 1.8 2078
Axis Dynamic Bond Fund 11.8 0.7 420
Quantum Dynamic Bond Fund 11.3 0.7 60
DSP Strategic Bond Fund 11.0 1.1 896
Edelweiss Dynamic Bond Fund 11.0 1.0 43
ICICI Prudential All Seasons Bond Fund 10.9 1.3 3189
Union Dynamic Bond Fund 10.8 1.5 133
Kotak Dynamic Bond Fund 9.9 1.1 1205
HSBC Flexi Debt Fund 9.8 1.8 104
PGIM India Dynamic Bond Fund 9.6 1.8 47
L&T Flexi Bond Fund 9.3 1.6 59
Canara Robeco Dynamic Bond Fund 8.9 1.8 109
BNP Paribas Flexi Debt Fund 8.7 1.2 130
Aditya Birla Sun Life Active Debt MultiManager FoF Scheme 8.4 0.8 11
Nippon India Dynamic Bond Fund 8.4 2.1 825
Indiabulls Dynamic Bond Fund 7.4 0.7 27
IIFL Dynamic Bond Fund 7.2 1.3 282
Tata Dynamic Bond Fund 6.9 1.5 299

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Overnight Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Sundaram Overnight Fund 5.9 0.2 636
DSP Overnight Fund 5.2 0.2 1158
Axis Overnight Fund 5.1 0.1 2305
Nippon India Overnight Fund 5.1 0.2 3172
Kotak Overnight Fund 5.1 0.2 4074
UTI Overnight Fund 5.1 0.1 4032
ICICI Prudential Overnight Fund 5.1 0.2 4813
Tata Overnight Fund 5.1 0.2 552
SBI Overnight Fund 5.1 0.2 10149
Aditya Birla Sun Life Overnight Fund 5.1 0.2 5096
HDFC Overnight Fund 5.1 0.2 11205
IDFC Overnight Fund 5.1 0.2 544
Union Overnight Fund 5.0 0.2 40
L&T Overnight Fund 4.5 0.8 1563

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Ultra Short Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
PGIM India Ultra Short Term Fund 13.5 0.8 143
ICICI Prudential Ultra Short Term Fund 7.9 1.0 8612
Aditya Birla Sun Life Savings Fund 7.6 0.4 16489
IDFC Ultra Short Term Fund 7.3 0.4 5798
SBI Magnum Ultra Short Duration Fund 7.2 0.5 14116
HDFC Ultra Short Term Fund 7.0 0.6 10607
Kotak Savings Fund 7.0 0.8 12951
L&T Ultra Short Term Fund 7.0 0.6 2786
Baroda Ultra Short Duration Fund 7.0 0.4 258
Axis Ultra Short Term Fund 7.0 1.2 3989
Indiabulls Ultra Short Term Fund 6.9 0.7 256
Invesco India Ultra Short Term Fund 6.8 0.9 525
BOI AXA Ultra Short Duration Fund 6.7 0.6 295
DSP Ultra Short Fund 6.5 0.9 2594
Tata Ultra Short Term Fund 6.4 1.0 191
IDBI Ultra Short Term Fund 6.3 0.7 229
Canara Robeco Ultra Short Term Fund 6.1 1.0 202
Motilal Oswal Ultra Short Term Fund 5.9 0.1 78
Principal Ultra Short Term Fund 5.8 1.2 94
Essel Ultra Short Term Fund 5.7 1.1 23

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Short Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
IDFC All Seasons Bond Fund 9.4 0.5 150
HDFC Short Term Debt Fund 9.3 0.4 12216
ICICI Prudential Short Term Fund 9.2 1.2 13470
Axis Short Term Fund 9.1 1.0 5398
Baroda Short Term Bond Fund 8.9 1.3 417
IDFC Bond Fund Short Term Plan 8.8 0.8 12341
L&T Short Term Bond Fund 8.7 0.7 5190
Kotak Bond Short Term Regular Fund 8.6 1.1 11560
Invesco India Short Term Fund 8.5 1.3 621
Tata Short Term Bond Fund 8.5 1.2 2836
SBI Short Term Debt Fund 8.5 0.8 11961
Mirae Asset Short Term Fund 8.4 1.0 335
Nippon India Short Term Fund 8.3 1.1 7862
DSP Short Term Fund 8.1 1.0 3404
Canara Robeco Short Duration Fund 7.8 1.0 577
LIC MF Short Term Debt Fund 7.6 1.5 253
Aditya Birla Sun Life Short Term Fund 7.0 1.1 3035
BNP Paribas Short Term Fund 6.3 1.2 171
Indiabulls Short Term Fund 3.8 1.4 43
IDBI Short Term Bond Fund -0.6 1.6 25

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Low Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
ICICI Prudential Savings Fund 8.0 0.5 22150
Axis Treasury Advantage Fund 7.9 0.6 5894
Invesco India Treasury Advantage Fund 7.9 0.7 1694
Kotak Low Duration Fund Standard Plan 7.7 1.1 7265
DSP Low Duration Fund 7.7 0.6 2980
IDFC Low Duration Fund 7.6 0.5 6222
SBI Magnum Low Duration Fund 7.5 1.1 9832
Aditya Birla Sun Life Low Duration Fund 7.5 1.2 12149
HDFC Low Duration Fund 7.4 1.0 15957
Mahindra Low Duration Bachat Yojana 7.3 1.2 503
Canara Robeco Savings Fund 7.2 0.6 1126
BNP Paribas Low Duration Fund 7.0 1.0 325
Nippon India Low Duration Fund 6.4 1.0 4490
Mirae Asset Savings Fund Regular Savings Plan 5.0 0.9 594
L&T Low Duration Fund 4.6 1.0 875
LIC MF Savings Fund 2.5 0.8 995
Tata Treasury Advantage Fund 1.6 0.5 643
Sundaram Low Duration Fund -3.1 0.7 446
HSBC Low Duration Fund -3.8 1.0 152
UTI Treasury Advantage Fund -4.7 0.4 2141

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Gilt Debt Mutual Funds

FUND NAME 1Y% ER% AUM
IDFC Government Securities Fund Investment Plan 14.3 1.0 480
SBI Magnum Gilt Fund 14.2 1.0 2071
DSP Government Securities Fund 14.0 1.2 523
Axis Gilt Fund 13.5 0.7 49
Nippon India Gilt Securities Fund 13.2 1.6 1135
Nippon India Gilt Securities PF 13.2 1.7 1135
Nippon India ETF Long Term Gilt 12.8 0.0 417
ICICI Prudential Gilt Fund 12.2 1.1 1272
LIC MF Government Securities Fund 12.2 1.4 40
LIC MF Government Securities Fund Provident Fund 12.2 No Data 40
Edelweiss Government Securities Fund 12.2 1.4 71
LIC MF GSec Long Term Exchange Traded Fund 12.2 0.3 92
Aditya Birla Sun Life Government Securities Fund 11.6 1.2 231
Kotak Gilt Investment 11.4 1.5 385
Kotak Gilt Investment Provident Fund and Trust Plan 11.4 1.4 385
UTI Gilt Fund 11.3 0.9 503
Canara Robeco Gilt Fund 10.8 1.3 67
Tata Gilt Securities Fund 10.6 1.5 165
PGIM India Gilt Fund 10.3 0.7 34
Invesco India Gilt Fund 10.2 1.3 26

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Credit Risk Debt Mutual Funds

FUND NAME 1Y% ER% AUM
ICICI Prudential Credit Risk Fund 9.5 1.6 12872
HDFC Credit Risk Debt Fund 8.7 1.5 14697
IDFC Credit Risk Fund 8.5 1.5 1646
Kotak Credit Risk Fund 7.6 1.7 5280
Mahindra Credit Risk Yojana 6.8 1.8 149
SBI Credit Risk Fund 6.1 1.6 5083
Axis Credit Risk Fund 4.1 1.7 1188
DSP Credit Risk Fund 3.9 1.1 1267
Aditya Birla Sun Life Credit Risk Fund 2.5 1.6 5115
L&T Credit Risk Fund 2.5 1.7 1641
Invesco India Credit Risk Fund 2.2 1.5 179
Baroda Credit Risk Fund Plan A -0.5 1.8 573
Principal Credit Risk Fund -1.0 1.5 32
PGIM India Credit Risk Fund -3.6 1.7 329
Franklin India Credit Risk Fund -4.6 1.7 5481
Sundaram Short Term Credit Risk Fund -6.7 1.4 138
Nippon India Credit Risk Fund -11.3 1.5 4628
IDBI Credit Risk Fund -17.8 1.4 58
UTI Credit Risk Fund -29.9 1.6 936
BOI AXA Credit Risk Fund -42.9 1.6 179

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Money Market Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Franklin India Savings Fund Retail Plan 7.6 0.3 4568
L&T Money Market Fund 7.6 0.8 900
Aditya Birla Sun Life Money Manager Fund 7.4 0.3 13471
Nippon India Money Market Fund 7.3 0.2 5827
HDFC Money Market Fund 7.3 0.4 9651
Tata Money Market Fund 7.3 0.4 652
Kotak Money Market Fund 7.2 0.3 10442
ICICI Prudential Money Market Fund 7.2 0.3 10845
Quant Money Market Fund 7.2 0.2 20
Sundaram Money Market Fund 7.1 0.3 195
UTI Money Market Fund 7.1 0.3 8238
SBI Savings Fund 7.0 0.8 14130
DSP Savings Fund 6.7 0.5 1025
Indiabulls Savings Fund 6.7 0.2 23
Invesco India Money Market Fund 6.4 0.6 596
IDFC Money Manager Fund 6.0 1.0 2351
JM Money Market Fund 5.5 0.5 21

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Medium Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
SBI Magnum Medium Duration Fund 10.9 1.1 3100
ICICI Prudential Retirement Fund Pure Debt Plan 10.1 2.0 376
ICICI Prudential Medium Term Bond Fund 10.1 1.6 6807
HDFC Medium Term Debt Fund 9.0 1.3 1417
IDFC Bond Fund Medium Term Plan 8.9 1.4 3066
L&T Resurgent India Bond Fund 7.9 1.5 1755
Indiabulls Income Fund 7.3 0.9 31
Axis Strategic Bond Fund 7.2 1.0 1268
Sundaram Medium Term Bond Fund 6.2 2.2 80
Kotak Medium Term Fund 6.1 1.7 3324
DSP Bond Fund Retail Plan 2.3 0.7 271
UTI Medium Term Fund 0.6 1.6 205
Franklin India Income Opportunities Fund 0.2 1.8 2935
BNP Paribas Medium Term Fund -2.9 1.1 68
Aditya Birla Sun Life Medium Term Plan -4.0 1.7 4452
Tata Medium Term Fund -8.8 1.4 49
Nippon India Strategic Debt Fund -28.6 1.7 1774

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Corporate Bond Debt Mutual Funds

FUND NAME 1Y% ER% AUM
L&T Triple Ace Bond Fund 13.1 0.6 3081
UTI Corporate Bond Fund 10.9 0.5 1009
Sundaram Corporate Bond Fund 9.9 0.5 1066
HDFC Corporate Bond Fund 9.6 0.5 13389
DSP Corporate Bond Fund 9.2 0.5 1197
Invesco India Corporate Bond Fund 9.2 0.6 1040
SBI Corporate Bond Fund 9.2 0.9 11789
ICICI Prudential Corporate Bond Fund 9.0 0.6 13243
Aditya Birla Sun Life Corporate Bond Fund 8.8 0.5 17606
Kotak Corporate Bond Fund Standard Plan 8.7 0.6 4840
PGIM India Premier Bond Fund 8.4 1.0 49
Canara Robeco Corporate Bond Fund 8.3 1.0 213
Franklin India Corporate Debt Fund 7.9 0.9 1512
IDFC Corporate Bond Fund 7.8 0.6 13672
Nippon India Prime Debt Fund 7.7 0.7 933
Axis Corporate Debt Fund 5.5 1.0 192
Aditya Birla Sun Life Retirement Fund The 50s Plus Debt Plan 5.3 2.2 66
Union Corporate Bond Fund 3.9 1.4 288
BNP Paribas Corporate Bond Fund 0.0 0.7 29
Edelweiss Corporate Bond Fund -6.9 1.1 31

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Banking And PSU Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Edelweiss Banking and PSU Debt Fund 13.1 0.6 188
Franklin India Banking & PSU Debt Fund 10.4 0.5 1332
PGIM India Banking & PSU Debt Fund 10.2 0.6 59
Kotak Banking and PSU Debt Fund 10.1 0.6 5225
Nippon India Banking & PSU Debt Fund 10.0 0.8 4929
IDFC Banking & PSU Debt Fund 9.8 0.7 14069
HDFC Banking and PSU Debt Fund 9.6 0.8 5323
Aditya Birla Sun Life Banking & PSU Debt Fund 9.5 0.7 10056
L&T Banking and PSU Debt Fund 9.4 0.6 3800
DSP Banking & PSU Debt Fund 9.4 0.5 2389
SBI Banking and PSU Fund 9.2 0.8 4414
ICICI Prudential Banking & PSU Debt Fund 9.1 0.8 8955
Axis Banking & PSU Debt Fund 8.9 0.6 14469
LIC MF Banking & PSU Debt Fund 8.6 0.8 1576
Sundaram Banking & PSU Debt Fund 8.5 0.4 1363
Invesco India Banking & PSU Debt Fund 8.1 0.7 41
UTI Banking & PSU Debt Fund 0.5 0.3 155

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Medium To Long Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
SBI Magnum Income Fund 11.9 1.5 1301
Nippon India Income Fund 11.8 1.6 299
IDFC Bond Fund Income Plan 11.1 1.9 683
ICICI Prudential Bond Fund 11.1 1.1 3438
Kotak Bond Fund 10.5 1.8 1891
Aditya Birla Sun Life Income Fund 10.1 0.7 1256
Tata Income Fund 10.0 1.9 65
Canara Robeco Income Fund 10.0 1.9 110
HSBC Debt Fund 9.9 2.1 41
LIC MF Bond Fund 9.3 1.1 185
HDFC Income Fund 8.7 2.3 594
ICICI Prudential Debt Management Fund (FOF) 8.3 0.8 202
JM Income Fund -6.5 0.8 21
UTI Bond Fund -11.5 1.6 447

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Floater Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Nippon India Floating Rate Fund 8.4 0.7 7832
ICICI Prudential Floating Interest Fund 7.9 1.3 8507
Aditya Birla Sun Life Floating Rate Fund 7.9 0.4 8688
HDFC Floating Rate Debt Fund 7.8 0.4 11037
UTI Floater Fund 7.1 1.3 1573
Franklin India Floating Rate Fund 7.1 1.0 479

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Gilt Constant Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
ICICI Prudential Constant Maturity Gilt Fund 15.6 0.3 99
IDFC Government Securities Fund Constant Maturity Plan 14.8 0.5 159
SBI Magnum Constant Maturity Fund 13.1 0.6 551
SBI ETF 10 Year Gilt 12.8 0.1 1
DSP 10Y GSec Fund 12.7 0.4 44

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Long Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Nippon India Nivesh Lakshya Fund 16.2 0.5 762
ICICI Prudential Long Term Bond Fund 13.9 1.8 838

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Category Avg/Max/Min 1 Year Returns (%)

CATEGORY AVG MAX MIN
Liquid Debt Mutual Funds 5.9 6.7 3.4
Dynamic Bond Debt Mutual Funds 7.3 13.2 -5.3
Overnight Debt Mutual Funds 5.1 5.9 4.5
Ultra Short Duration Debt Mutual Funds 6.1 13.5 -2.9
Short Duration Debt Mutual Funds 4.1 9.4 -11.8
Low Duration Debt Mutual Funds 0.4 8.0 -43.5
Gilt Debt Mutual Funds 11.6 14.3 8.3
Credit Risk Debt Mutual Funds -2.8 9.5 -42.9
Money Market Debt Mutual Funds 7.0 7.6 5.5
Medium Duration Debt Mutual Funds 2.5 10.9 -28.6
Corporate Bond Debt Mutual Funds 7.3 13.1 -6.9
Banking And PSU Debt Mutual Funds 9.1 13.1 0.5
Medium To Long Duration Debt Mutual Funds 7.5 11.9 -11.5
Floater Debt Mutual Funds 7.7 8.4 7.1
Gilt Constant Duration Debt Mutual Funds 13.8 15.6 12.7
Long Duration Debt Mutual Funds 15.0 16.2 13.9

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Category Avg/Max/Min Expense Ratio (%)

CATEGORY AVG MAX MIN
Liquid Debt Mutual Funds 0.3 1.0 0.1
Dynamic Bond Debt Mutual Funds 1.3 2.1 0.2
Overnight Debt Mutual Funds 0.2 0.8 0.1
Ultra Short Duration Debt Mutual Funds 0.7 1.2 0.1
Short Duration Debt Mutual Funds 1.1 1.6 0.4
Low Duration Debt Mutual Funds 0.8 1.2 0.4
Gilt Debt Mutual Funds 1.2 1.9 0.0
Credit Risk Debt Mutual Funds 1.6 1.8 1.1
Money Market Debt Mutual Funds 0.4 1.0 0.2
Medium Duration Debt Mutual Funds 1.3 2.2 0.0
Corporate Bond Debt Mutual Funds 0.8 2.2 0.5
Banking And PSU Debt Mutual Funds 0.6 0.8 0.3
Medium To Long Duration Debt Mutual Funds 1.5 2.3 0.7
Floater Debt Mutual Funds 0.8 1.3 0.4
Gilt Constant Duration Debt Mutual Funds 0.4 0.6 0.1
Long Duration Debt Mutual Funds 0.6 1.8 0.0

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Category Avg/Max/Min Net Assets (Cr)

CATEGORY AVG MAX MIN
Liquid Debt Mutual Funds 9700 71026 27
Dynamic Bond Debt Mutual Funds 630 3717 11
Overnight Debt Mutual Funds 1784 11205 20
Ultra Short Duration Debt Mutual Funds 3481 16489 23
Short Duration Debt Mutual Funds 3614 13470 9
Low Duration Debt Mutual Funds 3872 22150 29
Gilt Debt Mutual Funds 420 2071 21
Credit Risk Debt Mutual Funds 3074 14697 32
Money Market Debt Mutual Funds 4394 14130 20
Medium Duration Debt Mutual Funds 2025 7117 31
Corporate Bond Debt Mutual Funds 4262 17606 29
Banking And PSU Debt Mutual Funds 4149 14469 41
Medium To Long Duration Debt Mutual Funds 752 3438 21
Floater Debt Mutual Funds 5455 11037 71
Gilt Constant Duration Debt Mutual Funds 171 551 1
Long Duration Debt Mutual Funds 2171 6635 449

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NOTE: 1Y% = 1 Year Returns (%). ER% = Expense Ratio (%). AUM = Net Assets (Cr). AVG = Category Average. MAX = Category Maximum. MIN = Category Minimum.

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Disclaimer

All the plans are regular plans. All the numerical values are rounded off. All the percentage values are absolute values (not annualized values). All the comparisons are relative. Please remember that past performance gives no indication of future results. Please read the website disclaimer before using any information available on this website.