Best Performing Debt Mutual Funds 09 Mar 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

Category-Wise Data For Debt Mutual Funds

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

Liquid Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Quant Liquid Plan 6.80 0.97 169
Franklin India Liquid Fund Super Institutional Plan 6.53 0.86 14,521
Mahindra Liquid Fund 6.36 0.23 2,953
Nippon India Liquid Fund 6.35 0.28 29,214
YES Liquid Fund 6.35 0.18 128
Aditya Birla Sun Life Liquid Fund 6.34 0.30 41,466
BNP Paribas Liquid Fund 6.33 0.18 1,611
PGIM India Insta Cash Fund 6.33 0.25 1,088
Axis Liquid Fund 6.31 0.16 30,919
HSBC Cash Fund 6.30 0.23 5,777
IDBI Liquid Fund 6.29 0.17 2,045
Baroda Liquid Fund 6.26 0.29 8,799
Sundaram Money Fund 6.26 0.20 5,649
UTI Liquid Cash Fund 6.26 0.30 35,898
ICICI Prudential Liquid Fund 6.25 0.29 52,742
Edelweiss Liquid Fund 6.23 0.36 1,789
Mirae Asset Cash Management Fund 6.22 0.21 4,265
Tata Liquid Fund 6.22 0.33 21,082
JM Liquid Fund 6.21 0.15 1,917
Indiabulls Liquid Fund 6.20 0.20 547

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Dynamic Bond Debt Mutual Funds

FUND NAME 1Y% ER% AUM
SBI Dynamic Bond Fund 16.60 1.67 1,250
IDFC Dynamic Bond Fund 15.22 1.79 2,078
Axis Dynamic Bond Fund 14.91 0.60 420
DSP Strategic Bond Fund 14.73 1.13 896
Mirae Asset Dynamic Bond Fund 14.37 1.49 49
PGIM India Dynamic Bond Fund 13.92 1.72 43
Quantum Dynamic Bond Fund 13.69 0.70 61
Union Dynamic Bond Fund 13.32 1.49 135
ICICI Prudential All Seasons Bond Fund 13.08 1.32 3,139
HSBC Flexi Debt Fund 12.92 1.77 104
Kotak Dynamic Bond Fund 12.34 1.08 1,132
Edelweiss Dynamic Bond Fund 12.04 1.04 43
L&T Flexi Bond Fund 12.04 1.62 59
Canara Robeco Dynamic Bond Fund 11.89 1.75 109
Nippon India Dynamic Bond Fund 11.82 2.09 822
BNP Paribas Flexi Debt Fund 10.97 1.21 130
Indiabulls Dynamic Bond Fund 10.42 0.74 27
Tata Dynamic Bond Fund 9.35 1.45 304
Aditya Birla Sun Life Active Debt MultiManager FoF Scheme 9.20 0.82 11
IIFL Dynamic Bond Fund 8.31 1.34 289

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Overnight Debt Mutual Funds

FUND NAME 1Y% ER% AUM
DSP Overnight Fund 5.39 0.21 1,158
UTI Overnight Fund 5.36 0.12 4,163
Nippon India Overnight Fund 5.35 0.17 3,007
Kotak Overnight Fund 5.34 0.15 3,690
IDFC Overnight Fund 5.33 0.19 544
SBI Overnight Fund 5.32 0.18 12,668
ICICI Prudential Overnight Fund 5.31 0.20 5,198
Aditya Birla Sun Life Overnight Fund 5.30 0.23 5,096
HDFC Overnight Fund 5.27 0.20 11,205
L&T Overnight Fund 4.67 0.79 1,563

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Ultra Short Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
PGIM India Ultra Short Term Fund 13.49 0.75 127
ICICI Prudential Ultra Short Term Fund 8.33 0.94 7,866
Aditya Birla Sun Life Savings Fund 8.07 0.36 16,489
IDFC Ultra Short Term Fund 7.65 0.35 5,798
SBI Magnum Ultra Short Duration Fund 7.60 0.48 13,854
HDFC Ultra Short Term Fund 7.40 0.64 10,607
Kotak Savings Fund 7.38 0.78 13,179
Baroda Ultra Short Duration Fund 7.33 0.38 259
L&T Ultra Short Term Fund 7.24 0.56 2,786
Axis Ultra Short Term Fund 7.23 1.19 3,989
Invesco India Ultra Short Term Fund 7.16 0.93 559
BOI AXA Ultra Short Duration Fund 7.12 0.58 301
Indiabulls Ultra Short Term Fund 7.08 0.69 257
DSP Ultra Short Fund 6.93 1.00 2,594
Tata Ultra Short Term Fund 6.77 0.97 203
IDBI Ultra Short Term Fund 6.60 0.67 229
Canara Robeco Ultra Short Term Fund 6.33 0.95 202
Principal Ultra Short Term Fund 6.15 1.15 74
Motilal Oswal Ultra Short Term Fund 5.93 0.08 78
Essel Ultra Short Term Fund 5.91 1.05 23

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Short Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
IDFC All Seasons Bond Fund 10.65 0.49 150
HDFC Short Term Debt Fund 10.44 0.39 12,216
ICICI Prudential Short Term Fund 10.41 1.15 12,607
Kotak Bond Short Term Regular Fund 10.15 1.13 11,400
Axis Short Term Fund 10.14 0.95 5,398
SBI Short Term Debt Fund 10.10 0.84 10,101
Nippon India Short Term Fund 9.97 1.12 7,336
Invesco India Short Term Fund 9.90 1.25 619
Tata Short Term Bond Fund 9.81 1.17 2,706
Baroda Short Term Bond Fund 9.80 1.29 344
IDFC Bond Fund Short Term Plan 9.76 0.79 12,341
Mirae Asset Short Term Fund 9.74 1.03 293
DSP Short Term Fund 9.69 0.99 3,404
L&T Short Term Bond Fund 9.68 0.73 5,190
LIC MF Short Term Debt Fund 9.08 1.46 249
Canara Robeco Short Duration Fund 8.75 1.02 577
Aditya Birla Sun Life Short Term Fund 8.62 1.13 3,035
BNP Paribas Short Term Fund 8.01 1.19 155
Indiabulls Short Term Fund 5.18 1.48 43
IDBI Short Term Bond Fund 0.69 1.67 25

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Low Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
ICICI Prudential Savings Fund 8.69 0.50 22,569
Invesco India Treasury Advantage Fund 8.60 0.65 2,252
Axis Treasury Advantage Fund 8.46 0.58 5,894
DSP Low Duration Fund 8.39 0.53 2,980
Kotak Low Duration Fund Standard Plan 8.23 1.07 6,781
IDFC Low Duration Fund 8.19 0.48 6,222
SBI Magnum Low Duration Fund 8.03 1.06 9,751
Aditya Birla Sun Life Low Duration Fund 8.00 1.22 12,149
HDFC Low Duration Fund 7.80 1.04 15,957
Mahindra Low Duration Bachat Yojana 7.79 1.16 386
Canara Robeco Savings Fund 7.76 0.55 1,126
BNP Paribas Low Duration Fund 7.02 1.00 320
Nippon India Low Duration Fund 6.97 1.05 3,567
Mirae Asset Savings Fund Regular Savings Plan 5.64 0.86 627
L&T Low Duration Fund 5.25 0.98 875
LIC MF Savings Fund 3.23 0.83 928
Tata Treasury Advantage Fund 1.96 0.53 664
Franklin India Low Duration Fund -1.73 0.88 4,079
Sundaram Low Duration Fund -2.37 0.69 460
HSBC Low Duration Fund -3.05 1.03 152

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Gilt Debt Mutual Funds

FUND NAME 1Y% ER% AUM
SBI Magnum Gilt Fund 17.76 0.96 1,916
DSP Government Securities Fund 17.73 1.22 523
IDFC Government Securities Fund Investment Plan 17.69 1.03 480
Nippon India Gilt Securities Fund 16.59 1.59 1,086
Nippon India Gilt Securities PF 16.59 1.71 1,086
Axis Gilt Fund 16.22 0.68 49
UTI Gilt Fund 16.13 0.92 504
Nippon India ETF Long Term Gilt 15.62 0.04 6
Aditya Birla Sun Life Government Securities Fund 15.14 1.18 231
ICICI Prudential Gilt Fund 15.09 1.05 1,250
LIC MF GSec Long Term Exchange Traded Fund 14.96 0.26 90
Edelweiss Government Securities Fund 14.83 1.36 69
PGIM India Gilt Fund 14.39 0.65 34
Tata Gilt Securities Fund 14.17 1.50 164
Kotak Gilt Investment Provident Fund and Trust Plan 14.16 1.40 389
Kotak Gilt Investment 14.16 1.46 389
LIC MF Government Securities Fund 14.14 1.42 39
LIC MF Government Securities Fund Provident Fund 14.14 No Data 39
Canara Robeco Gilt Fund 14.01 1.25 67
Invesco India Gilt Fund 13.12 1.29 25

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Credit Risk Debt Mutual Funds

FUND NAME 1Y% ER% AUM
ICICI Prudential Credit Risk Fund 10.46 1.58 12,381
HDFC Credit Risk Debt Fund 10.18 1.47 14,697
IDFC Credit Risk Fund 9.56 1.49 1,646
Kotak Credit Risk Fund 8.43 1.70 5,104
Mahindra Credit Risk Yojana 7.93 1.87 149
SBI Credit Risk Fund 7.21 1.55 5,055
Axis Credit Risk Fund 5.10 1.65 1,188
DSP Credit Risk Fund 4.72 1.05 1,267
L&T Credit Risk Fund 3.56 1.68 1,641
Aditya Birla Sun Life Credit Risk Fund 3.43 1.63 5,115
Invesco India Credit Risk Fund 2.77 1.54 187
Baroda Credit Risk Fund Plan A 2.71 1.77 588
Principal Credit Risk Fund -0.15 1.52 34
PGIM India Credit Risk Fund -3.54 1.73 354
Franklin India Credit Risk Fund -4.07 1.65 5,585
Sundaram Short Term Credit Risk Fund -6.20 1.43 167
Nippon India Credit Risk Fund -10.85 1.55 4,930
IDBI Credit Risk Fund -16.69 1.38 58
UTI Credit Risk Fund -29.09 1.59 1,116
BOI AXA Credit Risk Fund -42.26 1.55 177

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Corporate Bond Debt Mutual Funds

FUND NAME 1Y% ER% AUM
L&T Triple Ace Bond Fund 16.17 0.62 3,081
UTI Corporate Bond Fund 12.89 0.52 728
Sundaram Corporate Bond Fund 11.87 0.46 997
HDFC Corporate Bond Fund 11.22 0.50 13,389
Invesco India Corporate Bond Fund 10.91 0.60 1,017
DSP Corporate Bond Fund 10.84 0.51 1,197
SBI Corporate Bond Fund 10.81 0.84 10,642
Franklin India Corporate Debt Fund 10.71 0.85 1,436
Aditya Birla Sun Life Corporate Bond Fund 10.34 0.39 17,606
ICICI Prudential Corporate Bond Fund 10.25 0.56 12,074
PGIM India Premier Bond Fund 10.15 0.95 53
Canara Robeco Corporate Bond Fund 9.96 1.02 213
Kotak Corporate Bond Fund Standard Plan 9.64 0.60 4,523
IDFC Corporate Bond Fund 8.77 0.57 13,672
Nippon India Prime Debt Fund 8.26 0.71 925
Axis Corporate Debt Fund 6.99 1.04 192
Union Corporate Bond Fund 5.42 1.37 289
BNP Paribas Corporate Bond Fund 1.35 0.70 29
Edelweiss Corporate Bond Fund -5.72 1.10 33

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Money Market Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Franklin India Savings Fund Retail Plan 8.07 0.26 4,741
L&T Money Market Fund 7.95 0.76 900
Aditya Birla Sun Life Money Manager Fund 7.87 0.28 13,471
HDFC Money Market Fund 7.74 0.35 9,651
Nippon India Money Market Fund 7.74 0.24 4,540
Kotak Money Market Fund 7.61 0.26 10,017
UTI Money Market Fund 7.61 0.27 8,013
ICICI Prudential Money Market Fund 7.52 0.27 10,241
Tata Money Market Fund 7.50 0.42 647
Sundaram Money Market Fund 7.49 0.29 192
DSP Savings Fund 7.45 0.47 1,025
SBI Savings Fund 7.41 0.83 13,577
Quant Money Market Fund 7.36 0.21 21
Indiabulls Savings Fund 7.26 0.22 13
Invesco India Money Market Fund 6.64 0.50 1,152
IDFC Money Manager Fund 6.46 1.04 2,351
JM Money Market Fund 5.69 0.45 21

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Medium Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
SBI Magnum Medium Duration Fund 12.80 1.14 2,752
ICICI Prudential Retirement Fund Pure Debt Plan 11.96 2.06 370
ICICI Prudential Medium Term Bond Fund 11.21 1.59 6,518
IDFC Bond Fund Medium Term Plan 10.96 1.44 3,066
HDFC Medium Term Debt Fund 10.80 1.29 1,417
L&T Resurgent India Bond Fund 9.64 1.49 1,755
Indiabulls Income Fund 9.00 0.76 21
Axis Strategic Bond Fund 8.75 1.04 1,268
Sundaram Medium Term Bond Fund 7.82 2.16 79
Kotak Medium Term Fund 7.74 1.73 3,278
DSP Bond Fund Retail Plan 4.06 0.79 271
UTI Medium Term Fund 2.35 1.64 217
Franklin India Income Opportunities Fund 1.33 1.75 2,945
BNP Paribas Medium Term Fund -0.92 1.08 70
Aditya Birla Sun Life Medium Term Plan -1.91 1.66 4,452
Tata Medium Term Fund -7.59 1.38 49
Nippon India Strategic Debt Fund -27.65 1.75 2,053

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Banking And PSU Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Edelweiss Banking and PSU Debt Fund 15.56 0.55 163
Franklin India Banking & PSU Debt Fund 12.48 0.51 1,057
PGIM India Banking & PSU Debt Fund 11.95 0.60 64
IDFC Banking & PSU Debt Fund 11.57 0.65 14,069
Nippon India Banking & PSU Debt Fund 11.42 0.79 5,055
Kotak Banking and PSU Debt Fund 11.33 0.59 4,553
Aditya Birla Sun Life Banking & PSU Debt Fund 11.11 0.64 10,056
SBI Banking and PSU Fund 11.00 0.81 3,713
Invesco India Banking & PSU Debt Fund 10.84 0.66 53
HDFC Banking and PSU Debt Fund 10.80 0.81 5,323
DSP Banking & PSU Debt Fund 10.76 0.55 2,389
ICICI Prudential Banking & PSU Debt Fund 10.51 0.82 9,062
Axis Banking & PSU Debt Fund 10.40 0.59 14,469
L&T Banking and PSU Debt Fund 10.27 0.61 3,800
LIC MF Banking & PSU Debt Fund 10.02 0.83 1,456
Sundaram Banking & PSU Debt Fund 9.69 0.36 1,291
UTI Banking & PSU Debt Fund 2.03 0.31 147

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Medium To Long Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Nippon India Income Fund 15.42 1.62 294
IDFC Bond Fund Income Plan 14.42 1.90 683
SBI Magnum Income Fund 14.38 1.47 1,266
Kotak Bond Fund 13.59 1.82 1,840
Aditya Birla Sun Life Income Fund 12.83 0.74 1,256
HSBC Debt Fund 12.73 2.10 41
ICICI Prudential Bond Fund 12.57 1.08 3,374
Canara Robeco Income Fund 12.52 1.88 110
Tata Income Fund 12.33 1.93 64
LIC MF Bond Fund 12.13 1.08 191
HDFC Income Fund 11.35 2.24 594
ICICI Prudential Debt Management Fund (FOF) 9.01 0.75 200
JM Income Fund -4.82 0.76 21
UTI Bond Fund -9.08 1.58 465

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Floater Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Nippon India Floating Rate Fund 9.58 0.65 6,597
ICICI Prudential Floating Interest Fund 8.56 1.30 8,126
Aditya Birla Sun Life Floating Rate Fund 8.46 0.38 8,688
UTI Floater Fund 8.46 1.28 1,367
HDFC Floating Rate Debt Fund 8.35 0.38 11,037
Franklin India Floating Rate Fund 7.69 0.95 421

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Gilt Constant Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
IDFC Government Securities Fund Constant Maturity Plan 19.09 0.54 159
ICICI Prudential Constant Maturity Gilt Fund 17.79 0.33 89
SBI Magnum Constant Maturity Fund 16.41 0.63 509
DSP 10Y GSec Fund 15.73 0.50 44
SBI ETF 10 Year Gilt 15.39 0.14 1

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Long Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Nippon India Nivesh Lakshya Fund 21.01 0.53 664
ICICI Prudential Long Term Bond Fund 17.45 1.80 807

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

CATEGORY NAME AVG MAX MIN
Liquid Debt Mutual Funds 6.05 6.80 3.63
Dynamic Bond Debt Mutual Funds 9.54 16.60 -2.72
Overnight Debt Mutual Funds 5.26 5.39 4.67
Ultra Short Duration Debt Mutual Funds 6.41 13.49 -2.44
Short Duration Debt Mutual Funds 5.29 10.65 -10.51
Low Duration Debt Mutual Funds 1.70 8.69 -27.25
Gilt Debt Mutual Funds 14.64 17.76 11.12
Credit Risk Debt Mutual Funds -1.84 10.46 -42.26
Corporate Bond Debt Mutual Funds 8.99 16.17 -5.72
Money Market Debt Mutual Funds 7.37 8.07 5.69
Medium Duration Debt Mutual Funds 4.14 12.80 -27.65
Banking And PSU Debt Mutual Funds 10.69 15.56 2.03
Medium To Long Duration Debt Mutual Funds 9.96 15.42 -9.08
Floater Debt Mutual Funds 8.52 9.58 7.69
Gilt Constant Duration Debt Mutual Funds 16.88 19.09 15.39
Long Duration Debt Mutual Funds 19.23 21.01 17.45

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Category-Wise Avg/Max/Min Net Assets (Cr)

CATEGORY NAME AVG MAX MIN
Liquid Debt Mutual Funds 10,258 71,026 17
Dynamic Bond Debt Mutual Funds 625 3,712 11
Overnight Debt Mutual Funds 1,889 12,668 28
Ultra Short Duration Debt Mutual Funds 3,498 16,489 23
Short Duration Debt Mutual Funds 3,497 12,607 10
Low Duration Debt Mutual Funds 3,859 22,569 29
Gilt Debt Mutual Funds 393 1,916 6
Credit Risk Debt Mutual Funds 3,072 14,697 34
Corporate Bond Debt Mutual Funds 4,108 17,606 29
Money Market Debt Mutual Funds 4,270 13,577 13
Medium Duration Debt Mutual Funds 1,998 7,078 21
Banking And PSU Debt Mutual Funds 4,059 14,469 53
Medium To Long Duration Debt Mutual Funds 743 3,374 21
Floater Debt Mutual Funds 5,181 11,037 29
Gilt Constant Duration Debt Mutual Funds 160 509 1
Long Duration Debt Mutual Funds 1,815 5,416 373

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Category-Wise Avg/Max/Min Expense Ratio (%)

CATEGORY NAME AVG MAX MIN
Liquid Debt Mutual Funds 0.30 0.97 0.13
Dynamic Bond Debt Mutual Funds 1.31 2.09 0.21
Overnight Debt Mutual Funds 0.20 0.79 0.11
Ultra Short Duration Debt Mutual Funds 0.74 1.19 0.08
Short Duration Debt Mutual Funds 1.06 1.67 0.39
Low Duration Debt Mutual Funds 0.81 1.22 0.38
Gilt Debt Mutual Funds 1.18 1.86 0.04
Credit Risk Debt Mutual Funds 1.57 1.87 1.05
Corporate Bond Debt Mutual Funds 0.80 2.13 0.39
Money Market Debt Mutual Funds 0.42 1.04 0.21
Medium Duration Debt Mutual Funds 1.38 2.16 0.00
Banking And PSU Debt Mutual Funds 0.64 0.83 0.31
Medium To Long Duration Debt Mutual Funds 1.50 2.24 0.74
Floater Debt Mutual Funds 0.80 1.30 0.38
Gilt Constant Duration Debt Mutual Funds 0.43 0.63 0.14
Long Duration Debt Mutual Funds 0.78 1.80 0.00

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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.