Best Performing Debt Mutual Funds 09 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 6.6 1.0 163
Franklin India Liquid Fund Super Institutional Plan 6.5 0.9 6963
BNP Paribas Liquid Fund 6.2 0.2 1212
IDBI Liquid Fund 6.2 0.2 1094
Baroda Liquid Fund 6.2 0.3 8706
Aditya Birla Sun Life Liquid Fund 6.2 0.3 30612
Axis Liquid Fund 6.2 0.2 30919
Mahindra Liquid Fund 6.2 0.3 2801
Nippon India Liquid Fund 6.2 0.3 28267
Tata Liquid Fund 6.2 0.3 18671
ICICI Prudential Liquid Fund 6.2 0.3 45079
LIC MF Liquid Fund 6.2 0.3 5956
PGIM India Insta Cash Fund 6.1 0.3 646
Edelweiss Liquid Fund 6.1 0.4 1501
Union Liquid Fund 6.1 0.2 513
DSP Liquidity Fund 6.1 0.2 8191
L&T Liquid Fund 6.1 0.2 6098
Mirae Asset Cash Management Fund 6.1 0.2 3834
Sundaram Money Fund 6.1 0.2 5803
UTI Liquid Cash Fund 6.1 0.3 18287

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Dynamic Bond Debt Mutual Funds

FUND NAME 1Y% ER% AUM
SBI Dynamic Bond Fund 12.1 1.7 1309
Mirae Asset Dynamic Bond Fund 12.0 1.5 51
IDFC Dynamic Bond Fund 11.9 1.8 2078
Edelweiss Dynamic Bond Fund 11.6 1.0 43
Quantum Dynamic Bond Fund 11.3 0.7 60
DSP Strategic Bond Fund 10.8 1.1 1189
Union Dynamic Bond Fund 10.0 1.5 135
ICICI Prudential All Seasons Bond Fund 9.8 1.3 3189
Axis Dynamic Bond Fund 9.8 0.7 420
HSBC Flexi Debt Fund 9.4 1.8 104
PGIM India Dynamic Bond Fund 9.2 1.8 46
Kotak Dynamic Bond Fund 8.8 1.1 1017
L&T Flexi Bond Fund 8.7 1.6 59
Canara Robeco Dynamic Bond Fund 8.5 1.8 110
Nippon India Dynamic Bond Fund 8.5 2.1 825
BNP Paribas Flexi Debt Fund 8.0 1.2 121
Indiabulls Dynamic Bond Fund 7.3 0.7 27
IIFL Dynamic Bond Fund 7.2 1.3 258
Aditya Birla Sun Life Active Debt MultiManager FoF Scheme 7.2 0.8 11
Tata Dynamic Bond Fund 7.1 1.5 299

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Overnight Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Sundaram Overnight Fund 5.6 0.2 636
DSP Overnight Fund 5.2 0.2 1762
Axis Overnight Fund 5.1 0.1 2305
Nippon India Overnight Fund 5.1 0.2 3172
Kotak Overnight Fund 5.1 0.2 6434
UTI Overnight Fund 5.1 0.1 4068
SBI Overnight Fund 5.1 0.2 10149
Tata Overnight Fund 5.1 0.2 552
ICICI Prudential Overnight Fund 5.0 0.2 4813
Aditya Birla Sun Life Overnight Fund 5.0 0.2 9054
HDFC Overnight Fund 5.0 0.2 15372
IDFC Overnight Fund 5.0 0.2 544
Union Overnight Fund 4.9 0.2 31
L&T Overnight Fund 4.4 0.8 1650

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Ultra Short Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
PGIM India Ultra Short Term Fund 13.4 0.8 84
ICICI Prudential Ultra Short Term Fund 7.7 1.0 8612
Aditya Birla Sun Life Savings Fund 7.4 0.4 16489
IDFC Ultra Short Term Fund 7.3 0.4 5798
SBI Magnum Ultra Short Duration Fund 7.1 0.5 14116
Kotak Savings Fund 6.9 0.8 9155
L&T Ultra Short Term Fund 6.9 0.6 1670
Baroda Ultra Short Duration Fund 6.9 0.4 258
HDFC Ultra Short Term Fund 6.8 0.6 7155
Indiabulls Ultra Short Term Fund 6.8 0.7 256
Axis Ultra Short Term Fund 6.8 1.2 3989
BOI AXA Ultra Short Duration Fund 6.7 0.6 260
Invesco India Ultra Short Term Fund 6.7 0.9 525
DSP Ultra Short Fund 6.5 0.9 2317
Tata Ultra Short Term Fund 6.3 1.0 191
IDBI Ultra Short Term Fund 6.2 0.7 119
Canara Robeco Ultra Short Term Fund 6.0 1.0 184
Motilal Oswal Ultra Short Term Fund 5.9 0.1 64
Principal Ultra Short Term Fund 5.7 1.2 108
Essel Ultra Short Term Fund 5.6 1.1 23

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Short Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
IDFC All Seasons Bond Fund 9.1 0.5 150
Axis Short Term Fund 8.5 1.0 5398
L&T Short Term Bond Fund 8.5 0.7 4778
HDFC Short Term Debt Fund 8.4 0.4 11204
IDFC Bond Fund Short Term Plan 8.4 0.8 12341
SBI Short Term Debt Fund 8.2 0.8 11961
Baroda Short Term Bond Fund 8.2 1.3 417
Kotak Bond Short Term Regular Fund 8.1 1.1 9526
ICICI Prudential Short Term Fund 8.1 1.2 13470
Nippon India Short Term Fund 8.0 1.1 7862
Tata Short Term Bond Fund 8.0 1.2 2836
Invesco India Short Term Fund 7.9 1.3 621
Mirae Asset Short Term Fund 7.9 1.0 335
DSP Short Term Fund 7.8 1.0 3312
Canara Robeco Short Duration Fund 7.4 1.0 519
LIC MF Short Term Debt Fund 7.3 1.5 204
Aditya Birla Sun Life Short Term Fund 6.6 1.1 2860
BNP Paribas Short Term Fund 5.8 1.2 165
Indiabulls Short Term Fund 3.7 1.4 43
Edelweiss Short Term fund -1.1 0.8 9

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Low Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Invesco India Treasury Advantage Fund 7.7 0.7 1694
Axis Treasury Advantage Fund 7.6 0.6 5894
DSP Low Duration Fund 7.5 0.6 2757
ICICI Prudential Savings Fund 7.5 0.5 22150
Kotak Low Duration Fund Standard Plan 7.4 1.1 5760
IDFC Low Duration Fund 7.4 0.5 6222
SBI Magnum Low Duration Fund 7.3 1.1 9832
Aditya Birla Sun Life Low Duration Fund 7.2 1.2 12149
Mahindra Low Duration Bachat Yojana 7.1 1.2 503
HDFC Low Duration Fund 7.0 1.0 12965
Canara Robeco Savings Fund 7.0 0.6 936
BNP Paribas Low Duration Fund 6.7 1.0 228
Nippon India Low Duration Fund 6.2 1.0 4490
Mirae Asset Savings Fund Regular Savings Plan 4.8 0.9 594
L&T Low Duration Fund 4.1 1.0 792
LIC MF Savings Fund 2.2 0.8 727
Tata Treasury Advantage Fund 1.4 0.5 643
Sundaram Low Duration Fund -3.3 0.7 446
HSBC Low Duration Fund -4.0 1.0 152
UTI Treasury Advantage Fund -4.8 0.4 2029

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Gilt Debt Mutual Funds

FUND NAME 1Y% ER% AUM
IDFC Government Securities Fund Investment Plan 14.0 1.0 480
SBI Magnum Gilt Fund 13.7 1.0 2071
Axis Gilt Fund 13.5 0.7 49
DSP Government Securities Fund 13.4 1.2 705
Nippon India Gilt Securities Fund 12.9 1.6 1135
Nippon India Gilt Securities PF 12.9 1.7 1135
Edelweiss Government Securities Fund 12.4 1.4 71
Nippon India ETF Long Term Gilt 12.3 0.0 417
LIC MF Government Securities Fund 12.1 1.4 36
LIC MF Government Securities Fund Provident Fund 12.1 No Data 36
UTI Gilt Fund 12.0 0.9 496
LIC MF GSec Long Term Exchange Traded Fund 11.7 0.3 88
Kotak Gilt Investment Provident Fund and Trust Plan 11.7 1.4 449
Kotak Gilt Investment 11.7 1.5 449
Aditya Birla Sun Life Government Securities Fund 11.6 1.2 272
ICICI Prudential Gilt Fund 11.1 1.1 1272
Tata Gilt Securities Fund 10.4 1.5 165
Canara Robeco Gilt Fund 10.3 1.3 57
PGIM India Gilt Fund 10.3 0.7 35
Invesco India Gilt Fund 10.1 1.3 26

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Credit Risk Debt Mutual Funds

FUND NAME 1Y% ER% AUM
ICICI Prudential Credit Risk Fund 8.7 1.6 12872
HDFC Credit Risk Debt Fund 8.1 1.5 13812
IDFC Credit Risk Fund 7.5 1.5 1646
Kotak Credit Risk Fund 7.0 1.7 4798
Mahindra Credit Risk Yojana 6.2 1.8 149
SBI Credit Risk Fund 5.6 1.6 5083
Axis Credit Risk Fund 3.6 1.7 1188
DSP Credit Risk Fund 3.5 1.1 1126
Invesco India Credit Risk Fund 1.9 1.5 179
Aditya Birla Sun Life Credit Risk Fund 1.1 1.6 5115
L&T Credit Risk Fund 0.1 1.7 1421
Principal Credit Risk Fund -1.1 1.5 32
Baroda Credit Risk Fund Plan A -1.3 1.8 573
PGIM India Credit Risk Fund -3.9 1.7 259
Franklin India Credit Risk Fund -5.1 1.7 4434
Sundaram Short Term Credit Risk Fund -6.8 1.4 138
Nippon India Credit Risk Fund -11.7 1.5 4628
IDBI Credit Risk Fund -18.5 1.4 49
UTI Credit Risk Fund -30.1 1.6 711
BOI AXA Credit Risk Fund -44.9 1.6 167

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Money Market Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Franklin India Savings Fund Retail Plan 7.6 0.3 3357
L&T Money Market Fund 7.5 0.8 804
Aditya Birla Sun Life Money Manager Fund 7.4 0.3 8318
Nippon India Money Market Fund 7.3 0.2 5827
HDFC Money Market Fund 7.2 0.4 6692
Kotak Money Market Fund 7.2 0.3 7188
Tata Money Market Fund 7.2 0.4 652
Quant Money Market Fund 7.2 0.2 20
ICICI Prudential Money Market Fund 7.1 0.3 10845
Sundaram Money Market Fund 7.1 0.3 195
UTI Money Market Fund 7.1 0.3 4575
SBI Savings Fund 7.0 0.8 14130
DSP Savings Fund 6.7 0.5 953
Indiabulls Savings Fund 6.7 0.2 23
Invesco India Money Market Fund 6.3 0.6 596
IDFC Money Manager Fund 5.9 1.0 2351
JM Money Market Fund 5.4 0.5 21

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Medium Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
SBI Magnum Medium Duration Fund 10.4 1.1 3100
ICICI Prudential Retirement Fund Pure Debt Plan 9.0 2.0 376
IDFC Bond Fund Medium Term Plan 8.5 1.4 3066
ICICI Prudential Medium Term Bond Fund 8.4 1.6 6807
HDFC Medium Term Debt Fund 8.2 1.3 1373
Indiabulls Income Fund 7.1 0.9 31
Axis Strategic Bond Fund 6.6 1.0 1268
L&T Resurgent India Bond Fund 6.5 1.5 1591
Sundaram Medium Term Bond Fund 4.9 2.2 80
Kotak Medium Term Fund 4.8 1.7 2896
DSP Bond Fund Retail Plan 1.1 0.7 268
UTI Medium Term Fund 0.2 1.6 167
Franklin India Income Opportunities Fund -0.9 1.8 2506
BNP Paribas Medium Term Fund -3.2 1.1 59
Aditya Birla Sun Life Medium Term Plan -6.0 1.7 4452
Tata Medium Term Fund -9.7 1.4 49
Nippon India Strategic Debt Fund -29.0 1.7 1774

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Corporate Bond Debt Mutual Funds

FUND NAME 1Y% ER% AUM
L&T Triple Ace Bond Fund 11.2 0.6 3168
Sundaram Corporate Bond Fund 9.8 0.5 1066
UTI Corporate Bond Fund 9.6 0.5 1065
DSP Corporate Bond Fund 9.0 0.5 1125
HDFC Corporate Bond Fund 8.8 0.5 12828
Invesco India Corporate Bond Fund 8.8 0.6 1040
SBI Corporate Bond Fund 8.8 0.9 11789
Aditya Birla Sun Life Corporate Bond Fund 8.4 0.5 17606
Kotak Corporate Bond Fund Standard Plan 8.3 0.6 4306
ICICI Prudential Corporate Bond Fund 8.2 0.6 13243
Canara Robeco Corporate Bond Fund 8.1 1.0 214
PGIM India Premier Bond Fund 7.9 1.0 51
Franklin India Corporate Debt Fund 7.2 0.9 1466
Nippon India Prime Debt Fund 7.2 0.7 933
IDFC Corporate Bond Fund 6.8 0.6 13672
Aditya Birla Sun Life Retirement Fund The 50s Plus Debt Plan 5.1 2.2 66
Axis Corporate Debt Fund 4.8 1.0 192
Union Corporate Bond Fund 2.9 1.4 305
BNP Paribas Corporate Bond Fund -0.4 0.7 28
Edelweiss Corporate Bond Fund -7.7 1.1 31

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Banking And PSU Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Edelweiss Banking and PSU Debt Fund 10.8 0.6 188
Nippon India Banking & PSU Debt Fund 9.6 0.8 4929
IDFC Banking & PSU Debt Fund 9.6 0.7 14069
PGIM India Banking & PSU Debt Fund 9.4 0.6 47
L&T Banking and PSU Debt Fund 9.4 0.6 2891
Kotak Banking and PSU Debt Fund 9.3 0.6 4759
Franklin India Banking & PSU Debt Fund 9.2 0.5 1156
DSP Banking & PSU Debt Fund 9.0 0.5 2269
Axis Banking & PSU Debt Fund 8.7 0.6 14469
Aditya Birla Sun Life Banking & PSU Debt Fund 8.7 0.7 10056
HDFC Banking and PSU Debt Fund 8.6 0.8 4874
SBI Banking and PSU Fund 8.6 0.8 4414
Sundaram Banking & PSU Debt Fund 8.5 0.4 1363
LIC MF Banking & PSU Debt Fund 8.0 0.8 1179
ICICI Prudential Banking & PSU Debt Fund 7.7 0.8 8955
Invesco India Banking & PSU Debt Fund 5.6 0.7 41
UTI Banking & PSU Debt Fund 0.0 0.3 134

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Medium To Long Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Nippon India Income Fund 11.7 1.6 299
SBI Magnum Income Fund 11.4 1.5 1301
IDFC Bond Fund Income Plan 11.0 1.9 683
Kotak Bond Fund 9.5 1.8 1430
HSBC Debt Fund 9.5 2.1 41
ICICI Prudential Bond Fund 9.2 1.1 3438
Canara Robeco Income Fund 9.2 1.9 108
Tata Income Fund 9.2 1.9 65
LIC MF Bond Fund 8.6 1.1 178
Aditya Birla Sun Life Income Fund 8.2 0.7 1256
HDFC Income Fund 8.2 2.3 585
ICICI Prudential Debt Management Fund (FOF) 7.5 0.8 202
JM Income Fund -6.9 0.8 21
UTI Bond Fund -11.6 1.6 440

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Floater Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Nippon India Floating Rate Fund 7.9 0.7 7832
Aditya Birla Sun Life Floating Rate Fund 7.6 0.4 8688
HDFC Floating Rate Debt Fund 7.4 0.4 9799
ICICI Prudential Floating Interest Fund 7.2 1.3 8507
UTI Floater Fund 7.1 1.3 1112
Franklin India Floating Rate Fund 6.8 1.0 407

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Gilt Constant Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
IDFC Government Securities Fund Constant Maturity Plan 14.5 0.5 159
ICICI Prudential Constant Maturity Gilt Fund 14.2 0.3 99
SBI Magnum Constant Maturity Fund 12.8 0.6 551
DSP 10Y GSec Fund 12.7 0.4 46
SBI ETF 10 Year Gilt 11.9 0.1 1

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Long Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Nippon India Nivesh Lakshya Fund 15.4 0.5 762
ICICI Prudential Long Term Bond Fund 12.1 1.8 838

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

CATEGORY AVG MAX MIN
Liquid Debt Mutual Funds 5.9 6.6 3.3
Dynamic Bond Debt Mutual Funds 6.9 12.1 -5.1
Overnight Debt Mutual Funds 5.0 5.6 4.4
Ultra Short Duration Debt Mutual Funds 6.0 13.4 -3.1
Short Duration Debt Mutual Funds 3.6 9.1 -12.2
Low Duration Debt Mutual Funds 0.2 7.7 -43.5
Gilt Debt Mutual Funds 11.4 14.0 7.3
Credit Risk Debt Mutual Funds -3.5 8.7 -44.9
Money Market Debt Mutual Funds 6.9 7.6 5.4
Medium Duration Debt Mutual Funds 1.6 10.4 -29.0
Corporate Bond Debt Mutual Funds 6.6 11.2 -7.7
Banking And PSU Debt Mutual Funds 8.3 10.8 0.0
Medium To Long Duration Debt Mutual Funds 6.8 11.7 -11.6
Floater Debt Mutual Funds 7.3 7.9 6.8
Gilt Constant Duration Debt Mutual Funds 13.2 14.5 11.9
Long Duration Debt Mutual Funds 13.7 15.4 12.1

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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 8666 71319 18
Dynamic Bond Debt Mutual Funds 611 3189 11
Overnight Debt Mutual Funds 2201 15372 1
Ultra Short Duration Debt Mutual Funds 3014 16489 4
Short Duration Debt Mutual Funds 3371 13470 9
Low Duration Debt Mutual Funds 3619 22150 29
Gilt Debt Mutual Funds 436 2071 19
Credit Risk Debt Mutual Funds 2919 13812 32
Money Market Debt Mutual Funds 3359 14130 20
Medium Duration Debt Mutual Funds 1966 7117 31
Corporate Bond Debt Mutual Funds 4210 17606 28
Banking And PSU Debt Mutual Funds 4015 14469 41
Medium To Long Duration Debt Mutual Funds 718 3438 21
Floater Debt Mutual Funds 5204 9799 84
Gilt Constant Duration Debt Mutual Funds 171 551 1
Long Duration Debt Mutual Funds 2171 6635 449

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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 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.