Best Performing Debt Mutual Funds 12 Sep 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 5.5 1.0 166
IDBI Liquid Fund 5.2 0.2 1820
Franklin India Liquid Fund Super Institutional Plan 5.2 0.2 2118
Mahindra Manulife Liquid Fund 5.0 0.3 2138
Aditya Birla Sun Life Liquid Fund 5.0 0.3 39810
LIC MF Liquid Fund 5.0 0.3 10140
Tata Liquid Fund 5.0 0.3 18934
Axis Liquid Fund 5.0 0.2 28818
Nippon India Liquid Fund 5.0 0.3 26900
ICICI Prudential Liquid Fund 5.0 0.3 54052

Overnight Debt Mutual Funds

NAME 1Y% ER% AUM
Edelweiss Overnight Fund 4.1 0.2 274
PGIM India Overnight Fund 4.1 0.2 195
DSP Overnight Fund 4.1 0.2 2082
Canara Robeco Overnight Fund 4.0 0.1 107
Baroda Overnight Fund 4.0 0.2 178
Axis Overnight Fund 4.0 0.1 4032
Sundaram Overnight Fund 4.0 0.2 795
UTI Overnight Fund 4.0 0.1 7030
Nippon India Overnight Fund 3.9 0.2 3980
BNP Paribas Overnight Fund 3.9 0.2 422

Dynamic Bond Debt Mutual Funds

NAME 1Y% ER% AUM
Axis Dynamic Bond Fund 11.9 0.7 893
ICICI Prudential All Seasons Bond Fund 11.4 1.5 4287
DSP Strategic Bond Fund 10.8 1.1 1593
IDFC Dynamic Bond Fund 10.7 1.7 2647
Kotak Dynamic Bond Fund 10.4 1.1 1632
Mirae Asset Dynamic Bond Fund 10.3 1.4 114
SBI Dynamic Bond Fund 9.8 1.6 2161
Union Dynamic Bond Fund 9.5 1.5 134
IDBI Dynamic Bond Fund 9.4 1.5 20
Nippon India Dynamic Bond Fund 9.1 0.7 1202

Ultra Short Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Aditya Birla Sun Life Savings Fund 7.5 0.5 16218
ICICI Prudential Ultra Short Term Fund 7.4 1.0 6940
PGIM India Ultra Short Term Fund 7.0 0.8 142
HDFC Ultra Short Term Fund 6.9 0.6 11891
SBI Magnum Ultra Short Duration Fund 6.7 0.5 12635
Kotak Savings Fund 6.6 0.8 11176
IDFC Ultra Short Term Fund 6.5 0.4 5750
UTI Ultra Short Term Fund 6.3 1.0 1539
L&T Ultra Short Term Fund 6.3 0.5 2045
Indiabulls Ultra Short Term Fund 6.1 0.7 22

Short Duration Debt Mutual Funds

NAME 1Y% ER% AUM
HDFC Short Term Debt Fund 10.6 0.8 13154
IDFC All Seasons Bond Fund 10.3 0.6 144
UTI Short Term Income Fund 10.2 0.9 1947
ICICI Prudential Short Term Fund 10.2 1.2 17228
Axis Short Term Fund 10.0 1.0 9375
Aditya Birla Sun Life Short Term Fund 9.9 1.2 4769
IDFC Bond Fund Short Term Plan 9.6 0.8 13052
Kotak Bond Short Term Regular Fund 9.5 1.1 12848
Sundaram Short Term Debt Fund 9.4 1.0 148
Principal Short Term Debt Fund 9.4 1.0 119

Low Duration Debt Mutual Funds

NAME 1Y% ER% AUM
JM Low Duration Fund 17.8 0.5 46
Kotak Low Duration Fund Standard Plan 8.5 1.1 9297
ICICI Prudential Savings Fund 8.5 0.6 19725
Aditya Birla Sun Life Low Duration Fund 7.9 1.2 14808
UTI Treasury Advantage Fund 7.8 0.4 2295
HDFC Low Duration Fund 7.8 1.0 20391
Nippon India Low Duration Fund 7.8 1.0 6520
Tata Treasury Advantage Fund 7.8 0.5 1279
Axis Treasury Advantage Fund 7.8 0.6 7439
Invesco India Treasury Advantage Fund 7.7 0.7 2104

Gilt Debt Mutual Funds

NAME 1Y% ER% AUM
IDFC Government Securities Fund Investment Plan 11.9 1.2 1631
ICICI Prudential Gilt Fund 11.8 1.2 4232
DSP Government Securities Fund 11.5 1.1 833
Axis Gilt Fund 11.0 0.7 140
SBI Magnum Gilt Fund 10.7 1.0 3838
Aditya Birla Sun Life Government Securities Fund 10.3 1.2 571
Kotak Gilt Investment Provident Fund and Trust Plan 10.3 1.4 839
Kotak Gilt Investment 10.3 1.5 839
Nippon India Gilt Securities PF 10.2 1.7 1496
Nippon India Gilt Securities Fund 10.1 1.6 1496

Medium Duration Debt Mutual Funds

NAME 1Y% ER% AUM
SBI Magnum Medium Duration Fund 11.4 1.2 4019
Tata Medium Term Fund 10.6 1.4 57
ICICI Prudential Medium Term Bond Fund 9.8 1.6 5088
ICICI Prudential Retirement Fund Pure Debt Plan 9.8 2.1 459
Axis Strategic Bond Fund 9.6 1.0 880
IDFC Bond Fund Medium Term Plan 9.0 1.4 3647
DSP Bond Fund Retail Plan 8.9 0.8 314
HDFC Medium Term Debt Fund 8.5 1.4 1161
L&T Resurgent India Bond Fund 7.7 1.5 764
Indiabulls Income Fund 7.6 0.9 26

Corporate Bond Debt Mutual Funds

NAME 1Y% ER% AUM
L&T Triple Ace Bond Fund 11.6 0.6 4615
UTI Corporate Bond Fund 11.4 0.6 1805
Aditya Birla Sun Life Corporate Bond Fund 11.0 0.5 20205
Axis Corporate Debt Fund 10.9 0.9 972
Sundaram Corporate Bond Fund 10.8 0.5 1041
HDFC Corporate Bond Fund 10.5 0.6 21052
IDFC Corporate Bond Fund 10.3 0.6 17632
ICICI Prudential Corporate Bond Fund 10.2 0.6 16162
Union Corporate Bond Fund 9.9 1.0 318
Invesco India Corporate Bond Fund 9.9 0.6 1884

Credit Risk Debt Mutual Funds

NAME 1Y% ER% AUM
ICICI Prudential Credit Risk Fund 9.8 1.6 6503
HDFC Credit Risk Debt Fund 8.9 1.6 6181
SBI Credit Risk Fund 8.1 1.6 3765
Invesco India Credit Risk Fund 8.1 1.5 147
Axis Credit Risk Fund 7.8 1.7 593
Kotak Credit Risk Fund 7.0 1.9 1911
IDFC Credit Risk Fund 6.9 1.6 813
Mahindra Manulife Credit Risk Fund 6.2 1.9 114
Sundaram Short Term Credit Risk Fund 5.9 1.4 117
DSP Credit Risk Fund 4.0 1.7 339

Banking And PSU Debt Mutual Funds

NAME 1Y% ER% AUM
Edelweiss Banking and PSU Debt Fund 12.3 0.6 366
IDFC Banking & PSU Debt Fund 10.6 0.7 17691
Nippon India Banking & PSU Debt Fund 10.4 0.8 5410
DSP Banking & PSU Debt Fund 10.2 0.6 3522
HDFC Banking and PSU Debt Fund 10.1 0.9 8173
Kotak Banking and PSU Debt Fund 10.1 0.8 9132
Aditya Birla Sun Life Banking & PSU Debt Fund 10.0 0.7 13519
L&T Banking and PSU Debt Fund 9.9 0.6 3544
PGIM India Banking & PSU Debt Fund 9.7 0.8 83
Axis Banking & PSU Debt Fund 9.6 0.6 16059

Money Market Debt Mutual Funds

NAME 1Y% ER% AUM
HDFC Money Market Fund 7.3 0.4 10759
Aditya Birla Sun Life Money Manager Fund 7.3 0.3 9969
Axis Money Market Fund 7.0 0.3 1129
Tata Money Market Fund 7.0 0.4 564
ICICI Prudential Money Market Fund 6.9 0.3 9757
Franklin India Savings Fund Retail Plan 6.9 0.3 1308
Nippon India Money Market Fund 6.7 0.3 5991
UTI Money Market Fund 6.7 0.3 7004
Invesco India Money Market Fund 6.5 0.6 562
DSP Savings Fund 6.5 0.5 1953

Medium To Long Duration Debt Mutual Funds

NAME 1Y% ER% AUM
SBI Magnum Income Fund 12.1 1.5 1473
ICICI Prudential Bond Fund 11.2 1.1 3976
Tata Income Fund 10.7 1.9 51
Aditya Birla Sun Life Income Fund 10.5 0.7 1352
Kotak Bond Fund 9.7 1.9 1265
Nippon India Income Fund 9.4 1.7 430
IDFC Bond Fund Income Plan 9.3 2.0 669
ICICI Prudential Debt Management Fund (FOF) 9.2 0.8 164
Canara Robeco Income Fund 8.6 1.9 140
LIC MF Bond Fund 8.6 1.1 175

Floater Debt Mutual Funds

NAME 1Y% ER% AUM
Nippon India Floating Rate Fund 10.3 0.5 12158
Kotak Floating Rate Fund 9.5 0.6 647
ICICI Prudential Floating Interest Fund 9.0 1.3 8837
HDFC Floating Rate Debt Fund 8.7 0.5 10681
Aditya Birla Sun Life Floating Rate Fund 8.6 0.4 6886
UTI Floater Fund 7.5 1.3 1921
Franklin India Floating Rate Fund 6.3 1.0 174

Long Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Nippon India Nivesh Lakshya Fund 11.7 0.5 1547
ICICI Prudential Long Term Bond Fund 9.9 2.0 1119

Gilt Constant Duration Debt Mutual Funds

NAME 1Y% ER% AUM
ICICI Prudential Constant Maturity Gilt Fund 12.0 0.3 263
IDFC Government Securities Fund Constant Maturity Plan 11.3 0.6 302
DSP 10Y GSec Fund 10.9 0.5 42
SBI Magnum Constant Maturity Fund 9.9 0.6 733
SBI ETF 10 Year Gilt 7.4 0.1 2

Avg/Max/Min 1 Year Returns (%)

CATEGORY AVG MAX MIN
Liquid Debt Mutual Funds 4.6 5.5 2.3
Overnight Debt Mutual Funds 3.9 4.1 3.5
Dynamic Bond Debt Mutual Funds 7.6 11.9 -5.4
Ultra Short Duration Debt Mutual Funds 5.6 7.5 0.3
Short Duration Debt Mutual Funds 7.5 10.6 -12.1
Low Duration Debt Mutual Funds 5.8 17.8 -14.9
Gilt Debt Mutual Funds 9.5 11.9 6.6
Medium Duration Debt Mutual Funds 4.2 11.4 -24.5
Corporate Bond Debt Mutual Funds 9.3 11.6 2.3
Credit Risk Debt Mutual Funds -1.6 9.8 -45.5
Banking And PSU Debt Mutual Funds 9.4 12.3 5.3
Money Market Debt Mutual Funds 6.3 7.3 4.1
Medium To Long Duration Debt Mutual Funds 8.4 12.1 -1.6
Floater Debt Mutual Funds 8.6 10.3 6.3
Long Duration Debt Mutual Funds 10.8 11.7 9.9
Gilt Constant Duration Debt Mutual Funds 10.3 12.0 7.4

Avg/Max/Min Expense Ratio (%)

CATEGORY AVG MAX MIN
Liquid Debt Mutual Funds 0.3 1.0 0.1
Overnight Debt Mutual Funds 0.2 0.3 0.1
Dynamic Bond Debt Mutual Funds 1.2 1.8 0.2
Ultra Short Duration Debt Mutual Funds 0.8 1.6 0.1
Short Duration Debt Mutual Funds 1.1 1.6 0.6
Low Duration Debt Mutual Funds 0.8 1.2 0.4
Gilt Debt Mutual Funds 1.2 1.8 0.1
Medium Duration Debt Mutual Funds 1.3 2.2 0.0
Corporate Bond Debt Mutual Funds 0.8 2.3 0.5
Credit Risk Debt Mutual Funds 1.6 1.9 0.6
Banking And PSU Debt Mutual Funds 0.7 0.9 0.3
Money Market Debt Mutual Funds 0.5 1.1 0.2
Medium To Long Duration Debt Mutual Funds 1.6 2.3 0.7
Floater Debt Mutual Funds 0.8 1.3 0.4
Long Duration Debt Mutual Funds 0.7 2.0 0.0
Gilt Constant Duration Debt Mutual Funds 0.4 0.6 0.1

Avg/Max/Min Net Assets (Cr)

CATEGORY AVG MAX MIN
Liquid Debt Mutual Funds 9619 80165 15
Overnight Debt Mutual Funds 2420 12314 30
Dynamic Bond Debt Mutual Funds 731 4287 7
Ultra Short Duration Debt Mutual Funds 3071 16218 20
Short Duration Debt Mutual Funds 4211 17228 22
Low Duration Debt Mutual Funds 4266 20391 24
Gilt Debt Mutual Funds 807 4232 12
Medium Duration Debt Mutual Funds 1536 5088 26
Corporate Bond Debt Mutual Funds 5974 24359 7
Credit Risk Debt Mutual Funds 1489 6503 38
Banking And PSU Debt Mutual Funds 5251 17691 21
Money Market Debt Mutual Funds 4138 21086 1
Medium To Long Duration Debt Mutual Funds 764 3976 35
Floater Debt Mutual Funds 5901 12158 174
Long Duration Debt Mutual Funds 3568 9897 820
Gilt Constant Duration Debt Mutual Funds 268 733 2

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.