Best Performing Debt Mutual Funds 08 May 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.

Liquid Debt Mutual Funds

NAME 1Y% ER% AUM
Quant Liquid Plan 6.4 1.0 60
Franklin India Liquid Fund Super Institutional Plan 6.3 0.8 3582
IDBI Liquid Fund 6.2 0.2 1153
Nippon India Liquid Fund 6.1 0.3 26033
Tata Liquid Fund 6.1 0.4 13489
Aditya Birla Sun Life Liquid Fund 6.1 0.3 30612
Axis Liquid Fund 6.1 0.2 25860
BNP Paribas Liquid Fund 6.1 0.2 1235
Mahindra Liquid Fund 6.1 0.3 2280
Baroda Liquid Fund 6.0 0.3 3643

Dynamic Bond Debt Mutual Funds

NAME 1Y% ER% AUM
SBI Dynamic Bond Fund 16.9 1.7 1352
IDFC Dynamic Bond Fund 16.9 1.8 2102
Mirae Asset Dynamic Bond Fund 16.4 1.5 66
DSP Strategic Bond Fund 16.2 1.1 1412
Axis Dynamic Bond Fund 14.4 0.7 489
Quantum Dynamic Bond Fund 14.2 0.7 60
Union Dynamic Bond Fund 14.1 1.5 135
Nippon India Dynamic Bond Fund 13.5 2.2 807
L&T Flexi Bond Fund 13.2 1.6 59
PGIM India Dynamic Bond Fund 13.1 1.8 44

Overnight Debt Mutual Funds

NAME 1Y% ER% AUM
DSP Overnight Fund 5.0 0.2 1986
Sundaram Overnight Fund 4.9 0.2 640
Baroda Overnight Fund 4.9 0.1 170
Nippon India Overnight Fund 4.9 0.2 4987
UTI Overnight Fund 4.9 0.1 4254
Axis Overnight Fund 4.9 0.1 2810
BNP Paribas Overnight Fund 4.8 0.2 222
Kotak Overnight Fund 4.8 0.2 6687
SBI Overnight Fund 4.8 0.2 13529
Tata Overnight Fund 4.8 0.3 1902

Ultra Short Duration Debt Mutual Funds

NAME 1Y% ER% AUM
PGIM India Ultra Short Term Fund 14.4 0.8 78
Aditya Birla Sun Life Savings Fund 7.6 0.5 12836
IDFC Ultra Short Term Fund 7.5 0.4 4182
SBI Magnum Ultra Short Duration Fund 7.4 0.5 8925
ICICI Prudential Ultra Short Term Fund 7.4 1.0 6155
HDFC Ultra Short Term Fund 7.2 0.6 7167
L&T Ultra Short Term Fund 7.2 0.5 1616
Kotak Savings Fund 7.2 0.8 9148
Indiabulls Ultra Short Term Fund 7.1 0.7 46
Baroda Ultra Short Duration Fund 7.1 0.4 112

Short Duration Debt Mutual Funds

NAME 1Y% ER% AUM
IDFC All Seasons Bond Fund 11.3 0.5 149
SBI Short Term Debt Fund 10.8 0.9 12716
L&T Short Term Bond Fund 10.5 0.8 4422
Kotak Bond Short Term Regular Fund 10.3 1.1 9928
DSP Short Term Fund 10.1 0.9 3151
Axis Short Term Fund 10.1 1.0 5560
HDFC Short Term Debt Fund 10.1 0.4 11000
ICICI Prudential Short Term Fund 10.0 1.2 11874
IDFC Bond Fund Short Term Plan 10.0 0.8 11573
Invesco India Short Term Fund 9.9 1.3 593

Low Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Invesco India Treasury Advantage Fund 8.2 0.7 1493
Axis Treasury Advantage Fund 8.1 0.6 4625
DSP Low Duration Fund 8.1 0.6 2593
IDFC Low Duration Fund 8.1 0.5 4391
ICICI Prudential Savings Fund 8.0 0.5 18921
SBI Magnum Low Duration Fund 8.0 1.1 9019
Aditya Birla Sun Life Low Duration Fund 7.7 1.2 8799
Canara Robeco Savings Fund 7.6 0.6 889
Kotak Low Duration Fund Standard Plan 7.4 1.1 4488
Mahindra Low Duration Bachat Yojana 7.3 1.1 348

Gilt Debt Mutual Funds

NAME 1Y% ER% AUM
Axis Gilt Fund 18.9 0.7 86
IDFC Government Securities Fund Investment Plan 18.7 1.0 518
SBI Magnum Gilt Fund 18.5 1.0 2433
DSP Government Securities Fund 18.3 1.2 1036
Nippon India Gilt Securities PF 17.4 1.7 1250
Nippon India Gilt Securities Fund 17.4 1.6 1250
Aditya Birla Sun Life Government Securities Fund 17.1 1.2 272
ICICI Prudential Gilt Fund 16.8 1.0 1405
UTI Gilt Fund 16.5 0.9 608
LIC MF Government Securities Fund 16.3 1.4 52

Credit Risk Debt Mutual Funds

NAME 1Y% ER% AUM
ICICI Prudential Credit Risk Fund 8.7 1.5 11994
IDFC Credit Risk Fund 7.3 1.5 1516
HDFC Credit Risk Debt Fund 7.1 1.5 8436
Mahindra Credit Risk Yojana 6.7 1.8 123
SBI Credit Risk Fund 6.6 1.5 4149
Kotak Credit Risk Fund 5.3 1.5 2662
Axis Credit Risk Fund 3.0 1.7 802
Invesco India Credit Risk Fund 2.5 1.5 150
DSP Credit Risk Fund 1.2 1.1 680
Aditya Birla Sun Life Credit Risk Fund 0.7 1.4 4645

Money Market Debt Mutual Funds

NAME 1Y% ER% AUM
Franklin India Savings Fund Retail Plan 7.9 0.3 1895
HDFC Money Market Fund 7.9 0.4 6575
L&T Money Market Fund 7.9 0.7 0
Aditya Birla Sun Life Money Manager Fund 7.8 0.3 8318
Nippon India Money Market Fund 7.6 0.3 4136
ICICI Prudential Money Market Fund 7.5 0.3 5529
Kotak Money Market Fund 7.4 0.3 7656
UTI Money Market Fund 7.4 0.3 4370
Tata Money Market Fund 7.4 0.5 311
DSP Savings Fund 7.4 0.5 1203

Medium Duration Debt Mutual Funds

NAME 1Y% ER% AUM
SBI Magnum Medium Duration Fund 12.3 1.2 3192
IDFC Bond Fund Medium Term Plan 11.8 1.4 3006
ICICI Prudential Retirement Fund Pure Debt Plan 10.8 2.1 354
Indiabulls Income Fund 9.6 0.9 30
ICICI Prudential Medium Term Bond Fund 8.9 1.6 6627
HDFC Medium Term Debt Fund 8.1 1.3 1135
Axis Strategic Bond Fund 7.3 1.0 945
Sundaram Medium Term Bond Fund 7.0 2.1 73
L&T Resurgent India Bond Fund 6.1 1.5 0
Kotak Medium Term Fund 4.0 1.7 1757

Corporate Bond Debt Mutual Funds

NAME 1Y% ER% AUM
L&T Triple Ace Bond Fund 16.0 0.6 3314
Sundaram Corporate Bond Fund 12.3 0.5 952
UTI Corporate Bond Fund 12.2 0.6 1299
SBI Corporate Bond Fund 11.3 0.9 13417
HDFC Corporate Bond Fund 11.2 0.5 14518
Aditya Birla Sun Life Corporate Bond Fund 10.8 0.5 16897
DSP Corporate Bond Fund 10.7 0.5 1110
Invesco India Corporate Bond Fund 10.5 0.6 1266
ICICI Prudential Corporate Bond Fund 10.3 0.6 11736
Canara Robeco Corporate Bond Fund 10.0 1.0 204

Banking And PSU Debt Mutual Funds

NAME 1Y% ER% AUM
Edelweiss Banking and PSU Debt Fund 15.7 0.6 193
Nippon India Banking & PSU Debt Fund 12.1 0.8 4517
IDFC Banking & PSU Debt Fund 12.0 0.7 13750
DSP Banking & PSU Debt Fund 11.8 0.5 2424
PGIM India Banking & PSU Debt Fund 11.7 0.6 55
Franklin India Banking & PSU Debt Fund 11.5 0.6 1126
L&T Banking and PSU Debt Fund 11.4 0.6 3686
Kotak Banking and PSU Debt Fund 11.4 0.6 4759
Aditya Birla Sun Life Banking & PSU Debt Fund 11.2 0.7 9774
SBI Banking and PSU Fund 11.0 0.8 4783

Medium To Long Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Nippon India Income Fund 16.0 1.6 306
IDFC Bond Fund Income Plan 15.7 1.9 672
SBI Magnum Income Fund 14.1 1.5 1292
Kotak Bond Fund 13.3 1.8 1402
Aditya Birla Sun Life Income Fund 12.9 0.7 1298
HSBC Debt Fund 12.9 2.1 37
LIC MF Bond Fund 12.8 1.1 180
Canara Robeco Income Fund 12.7 1.9 116
ICICI Prudential Bond Fund 12.4 1.1 3363
Tata Income Fund 12.4 2.3 58

Floater Debt Mutual Funds

NAME 1Y% ER% AUM
Nippon India Floating Rate Fund 9.8 0.6 7676
Aditya Birla Sun Life Floating Rate Fund 8.4 0.4 6706
HDFC Floating Rate Debt Fund 8.2 0.4 8933
UTI Floater Fund 8.0 1.3 1273
ICICI Prudential Floating Interest Fund 7.4 1.3 6645
Franklin India Floating Rate Fund 6.5 1.0 250

Gilt Constant Duration Debt Mutual Funds

NAME 1Y% ER% AUM
IDFC Government Securities Fund Constant Maturity Plan 19.4 0.5 195
ICICI Prudential Constant Maturity Gilt Fund 18.9 0.3 121
DSP 10Y GSec Fund 17.4 0.4 48
SBI Magnum Constant Maturity Fund 17.4 0.6 609
SBI ETF 10 Year Gilt 15.9 0.1 1

Long Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Nippon India Nivesh Lakshya Fund 18.1 0.5 1135
ICICI Prudential Long Term Bond Fund 17.3 1.8 839

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

CATEGORY AVG MAX MIN
Liquid Debt Mutual Funds 5.6 6.4 3.1
Dynamic Bond Debt Mutual Funds 9.7 16.9 -3.2
Overnight Debt Mutual Funds 4.8 5.0 4.2
Ultra Short Duration Debt Mutual Funds 6.1 14.4 -3.0
Short Duration Debt Mutual Funds 4.3 11.3 -19.4
Low Duration Debt Mutual Funds -0.1 8.2 -43.6
Gilt Debt Mutual Funds 15.7 18.9 10.7
Credit Risk Debt Mutual Funds -5.5 8.7 -72.2
Money Market Debt Mutual Funds 7.2 7.9 5.2
Medium Duration Debt Mutual Funds 2.6 12.3 -26.8
Corporate Bond Debt Mutual Funds 8.7 16.0 -5.7
Banking And PSU Debt Mutual Funds 11.2 15.7 9.2
Medium To Long Duration Debt Mutual Funds 10.3 16.0 -5.6
Floater Debt Mutual Funds 8.1 9.8 6.5
Gilt Constant Duration Debt Mutual Funds 17.8 19.4 15.9
Long Duration Debt Mutual Funds 17.7 18.1 17.3

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 2.2 0.2
Overnight Debt Mutual Funds 0.2 0.3 0.1
Ultra Short Duration Debt Mutual Funds 0.8 1.4 0.1
Short Duration Debt Mutual Funds 1.1 1.7 0.4
Low Duration Debt Mutual Funds 0.8 1.2 0.4
Gilt Debt Mutual Funds 1.2 1.9 0.1
Credit Risk Debt Mutual Funds 1.5 1.8 1.1
Money Market Debt Mutual Funds 0.4 1.0 0.2
Medium Duration Debt Mutual Funds 1.4 2.1 0.0
Corporate Bond Debt Mutual Funds 0.8 2.1 0.5
Banking And PSU Debt Mutual Funds 0.7 1.1 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

Category Avg/Max/Min Net Assets (Cr)

CATEGORY AVG MAX MIN
Liquid Debt Mutual Funds 8598 87870 18
Dynamic Bond Debt Mutual Funds 583 2997 11
Overnight Debt Mutual Funds 2753 18087 0
Ultra Short Duration Debt Mutual Funds 2412 12836 3
Short Duration Debt Mutual Funds 3167 12716 10
Low Duration Debt Mutual Funds 2973 18921 27
Gilt Debt Mutual Funds 510 2433 8
Credit Risk Debt Mutual Funds 2125 11994 29
Money Market Debt Mutual Funds 2723 11065 0
Medium Duration Debt Mutual Funds 1653 6927 0
Corporate Bond Debt Mutual Funds 4201 16897 26
Banking And PSU Debt Mutual Funds 3953 13750 34
Medium To Long Duration Debt Mutual Funds 708 3363 22
Floater Debt Mutual Funds 4510 8933 84
Gilt Constant Duration Debt Mutual Funds 195 609 1
Long Duration Debt Mutual Funds 2392 7006 587

Appendix

  • 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 and schemes listed here are regular mutual fund 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.