Best Performing Debt Mutual Funds 17 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

NAME 1Y% ER% AUM
Quant Liquid Plan 6.6 1.0 60
Franklin India Liquid Fund Super Institutional Plan 6.5 0.8 6963
IDBI Liquid Fund 6.2 0.2 1094
Baroda Liquid Fund 6.2 0.3 3086
BNP Paribas Liquid Fund 6.2 0.2 1212
Aditya Birla Sun Life Liquid Fund 6.2 0.3 30612
Axis Liquid Fund 6.2 0.2 19980
Nippon India Liquid Fund 6.2 0.3 21754
Mahindra Liquid Fund 6.2 0.3 2098
Tata Liquid Fund 6.2 0.3 9430

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Dynamic Bond Debt Mutual Funds

NAME 1Y% ER% AUM
SBI Dynamic Bond Fund 13.9 1.7 1342
IDFC Dynamic Bond Fund 13.6 1.8 2102
Mirae Asset Dynamic Bond Fund 13.4 1.5 58
DSP Strategic Bond Fund 12.7 1.1 1189
Quantum Dynamic Bond Fund 12.6 0.7 60
Edelweiss Dynamic Bond Fund 12.2 1.0 46
Axis Dynamic Bond Fund 12.1 0.7 488
Union Dynamic Bond Fund 11.7 1.5 135
Nippon India Dynamic Bond Fund 10.8 2.2 807
ICICI Prudential All Seasons Bond Fund 10.7 1.3 2997

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Overnight Debt Mutual Funds

NAME 1Y% ER% AUM
Sundaram Overnight Fund 5.6 0.2 640
DSP Overnight Fund 5.1 0.2 1762
Nippon India Overnight Fund 5.0 0.2 5418
Axis Overnight Fund 5.0 0.1 3706
UTI Overnight Fund 5.0 0.1 4068
BNP Paribas Overnight Fund 5.0 0.2 179
Kotak Overnight Fund 5.0 0.2 6434
SBI Overnight Fund 5.0 0.2 9436
Tata Overnight Fund 5.0 0.2 4570
Aditya Birla Sun Life Overnight Fund 5.0 0.2 9054

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Ultra Short Duration Debt Mutual Funds

NAME 1Y% ER% AUM
PGIM India Ultra Short Term Fund 13.4 0.8 84
ICICI Prudential Ultra Short Term Fund 7.6 1.0 6155
Aditya Birla Sun Life Savings Fund 7.5 0.5 12836
IDFC Ultra Short Term Fund 7.4 0.4 4182
SBI Magnum Ultra Short Duration Fund 7.3 0.5 8548
Indiabulls Ultra Short Term Fund 7.1 0.7 88
L&T Ultra Short Term Fund 7.1 0.6 1670
Kotak Savings Fund 7.0 0.8 9155
HDFC Ultra Short Term Fund 7.0 0.6 7155
Baroda Ultra Short Duration Fund 6.9 0.4 137

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Short Duration Debt Mutual Funds

NAME 1Y% ER% AUM
IDFC All Seasons Bond Fund 10.2 0.5 149
L&T Short Term Bond Fund 9.4 0.7 4778
Axis Short Term Fund 9.4 1.0 4821
HDFC Short Term Debt Fund 9.3 0.4 11204
IDFC Bond Fund Short Term Plan 9.3 0.8 11573
SBI Short Term Debt Fund 9.3 0.8 12277
Kotak Bond Short Term Regular Fund 9.1 1.1 9526
ICICI Prudential Short Term Fund 8.9 1.2 11874
Tata Short Term Bond Fund 8.9 1.2 2333
DSP Short Term Fund 8.9 0.9 3312

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Low Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Invesco India Treasury Advantage Fund 8.0 0.7 1627
Axis Treasury Advantage Fund 8.0 0.6 4229
DSP Low Duration Fund 7.8 0.6 2757
IDFC Low Duration Fund 7.8 0.5 4391
ICICI Prudential Savings Fund 7.7 0.5 18921
SBI Magnum Low Duration Fund 7.6 1.1 7994
Aditya Birla Sun Life Low Duration Fund 7.6 1.2 8799
Kotak Low Duration Fund Standard Plan 7.5 1.1 5760
Canara Robeco Savings Fund 7.4 0.6 936
Mahindra Low Duration Bachat Yojana 7.3 1.1 342

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Gilt Debt Mutual Funds

NAME 1Y% ER% AUM
IDFC Government Securities Fund Investment Plan 15.6 1.0 518
Axis Gilt Fund 15.4 0.7 61
SBI Magnum Gilt Fund 15.3 1.0 2251
DSP Government Securities Fund 15.0 1.2 705
Nippon India Gilt Securities PF 14.8 1.7 1204
Nippon India Gilt Securities Fund 14.8 1.6 1204
Nippon India ETF Long Term Gilt 13.8 0.1 423
LIC MF Government Securities Fund 13.6 1.4 36
LIC MF Government Securities Fund Provident Fund 13.6 No Data 36
Aditya Birla Sun Life Government Securities Fund 13.6 1.2 272

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Credit Risk Debt Mutual Funds

NAME 1Y% ER% AUM
ICICI Prudential Credit Risk Fund 9.1 1.5 11994
IDFC Credit Risk Fund 8.1 1.5 1516
HDFC Credit Risk Debt Fund 7.9 1.5 13812
Kotak Credit Risk Fund 6.8 1.5 4798
Mahindra Credit Risk Yojana 6.7 1.8 146
SBI Credit Risk Fund 5.9 1.6 5085
Axis Credit Risk Fund 4.0 1.7 1071
DSP Credit Risk Fund 3.9 1.1 1126
Invesco India Credit Risk Fund 2.2 1.5 179
Aditya Birla Sun Life Credit Risk Fund 1.7 1.4 4645

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Money Market Debt Mutual Funds

NAME 1Y% ER% AUM
Franklin India Savings Fund Retail Plan 7.8 0.3 3357
L&T Money Market Fund 7.7 0.8 804
Aditya Birla Sun Life Money Manager Fund 7.5 0.3 8318
HDFC Money Market Fund 7.5 0.4 6692
Nippon India Money Market Fund 7.4 0.3 3491
Tata Money Market Fund 7.3 0.4 280
Kotak Money Market Fund 7.2 0.3 7188
ICICI Prudential Money Market Fund 7.2 0.3 5529
Sundaram Money Market Fund 7.2 0.3 205
UTI Money Market Fund 7.1 0.3 4575

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Medium Duration Debt Mutual Funds

NAME 1Y% ER% AUM
SBI Magnum Medium Duration Fund 11.4 1.1 3276
IDFC Bond Fund Medium Term Plan 10.0 1.4 3006
ICICI Prudential Retirement Fund Pure Debt Plan 9.9 2.1 354
ICICI Prudential Medium Term Bond Fund 9.2 1.6 6627
HDFC Medium Term Debt Fund 8.8 1.3 1373
Indiabulls Income Fund 8.0 0.9 30
L&T Resurgent India Bond Fund 7.9 1.5 1591
Axis Strategic Bond Fund 7.2 1.0 1230
Sundaram Medium Term Bond Fund 5.9 2.1 73
Kotak Medium Term Fund 5.1 1.7 2896

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Corporate Bond Debt Mutual Funds

NAME 1Y% ER% AUM
L&T Triple Ace Bond Fund 13.8 0.6 3168
UTI Corporate Bond Fund 11.0 0.6 1065
Sundaram Corporate Bond Fund 10.9 0.5 952
HDFC Corporate Bond Fund 10.0 0.5 12828
SBI Corporate Bond Fund 10.0 0.9 12435
DSP Corporate Bond Fund 9.9 0.5 1125
Invesco India Corporate Bond Fund 9.7 0.6 1010
Aditya Birla Sun Life Corporate Bond Fund 9.4 0.5 16897
ICICI Prudential Corporate Bond Fund 9.0 0.6 11736
Kotak Corporate Bond Fund Standard Plan 8.9 0.6 4306

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Banking And PSU Debt Mutual Funds

NAME 1Y% ER% AUM
Edelweiss Banking and PSU Debt Fund 13.3 0.6 193
IDFC Banking & PSU Debt Fund 10.8 0.7 13750
Franklin India Banking & PSU Debt Fund 10.7 0.6 1156
Nippon India Banking & PSU Debt Fund 10.7 0.8 4276
L&T Banking and PSU Debt Fund 10.4 0.6 2891
Kotak Banking and PSU Debt Fund 10.4 0.6 4759
PGIM India Banking & PSU Debt Fund 10.3 0.6 47
DSP Banking & PSU Debt Fund 10.2 0.5 2269
SBI Banking and PSU Fund 9.9 0.8 4559
Aditya Birla Sun Life Banking & PSU Debt Fund 9.8 0.7 9774

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Medium To Long Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Nippon India Income Fund 13.5 1.6 296
IDFC Bond Fund Income Plan 12.8 1.9 672
SBI Magnum Income Fund 12.6 1.5 1295
Kotak Bond Fund 11.1 1.8 1430
ICICI Prudential Bond Fund 10.9 1.1 3363
HSBC Debt Fund 10.8 2.1 36
Canara Robeco Income Fund 10.7 1.9 108
Tata Income Fund 10.5 1.9 63
Aditya Birla Sun Life Income Fund 10.4 0.7 1298
LIC MF Bond Fund 10.2 1.1 178

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Floater Debt Mutual Funds

NAME 1Y% ER% AUM
Nippon India Floating Rate Fund 8.7 0.6 7676
Aditya Birla Sun Life Floating Rate Fund 7.9 0.4 6706
HDFC Floating Rate Debt Fund 7.7 0.4 9799
UTI Floater Fund 7.6 1.3 1112
ICICI Prudential Floating Interest Fund 7.5 1.3 6645
Franklin India Floating Rate Fund 6.9 1.0 407

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Gilt Constant Duration Debt Mutual Funds

NAME 1Y% ER% AUM
IDFC Government Securities Fund Constant Maturity Plan 16.4 0.5 195
ICICI Prudential Constant Maturity Gilt Fund 15.7 0.3 121
SBI Magnum Constant Maturity Fund 14.5 0.6 573
DSP 10Y GSec Fund 14.1 0.4 46
SBI ETF 10 Year Gilt 13.1 0.1 1

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Long Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Nippon India Nivesh Lakshya Fund 15.0 0.5 829
ICICI Prudential Long Term Bond Fund 13.8 1.8 839

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

CATEGORY AVG MAX MIN
Liquid Debt Mutual Funds 5.8 6.6 3.3
Dynamic Bond Debt Mutual Funds 8.1 13.9 -3.7
Overnight Debt Mutual Funds 5.0 5.6 4.4
Ultra Short Duration Debt Mutual Funds 6.0 13.4 -2.9
Short Duration Debt Mutual Funds 4.5 10.2 -11.8
Low Duration Debt Mutual Funds 0.5 8.0 -43.3
Gilt Debt Mutual Funds 12.8 15.6 8.4
Credit Risk Debt Mutual Funds -3.1 9.1 -44.4
Money Market Debt Mutual Funds 7.0 7.8 5.4
Medium Duration Debt Mutual Funds 2.6 11.4 -28.3
Corporate Bond Debt Mutual Funds 7.7 13.8 -6.4
Banking And PSU Debt Mutual Funds 9.5 13.3 1.0
Medium To Long Duration Debt Mutual Funds 8.2 13.5 -10.1
Floater Debt Mutual Funds 7.7 8.7 6.9
Gilt Constant Duration Debt Mutual Funds 14.7 16.4 13.1
Long Duration Debt Mutual Funds 14.4 15.0 13.8

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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 2.2 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 0.1
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 1.3 2.1 0.0
Corporate Bond Debt Mutual Funds 0.8 2.1 0.5
Banking And PSU Debt Mutual Funds 0.6 0.8 0.3
Medium To Long Duration Debt Mutual Funds 1.5 2.2 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 7365 71319 18
Dynamic Bond Debt Mutual Funds 602 3119 11
Overnight Debt Mutual Funds 2672 15372 1
Ultra Short Duration Debt Mutual Funds 2452 12836 4
Short Duration Debt Mutual Funds 3220 12277 10
Low Duration Debt Mutual Funds 3099 18921 28
Gilt Debt Mutual Funds 457 2251 19
Credit Risk Debt Mutual Funds 2767 13812 32
Money Market Debt Mutual Funds 2772 10868 20
Medium Duration Debt Mutual Funds 1893 6927 30
Corporate Bond Debt Mutual Funds 4080 16897 28
Banking And PSU Debt Mutual Funds 3793 13750 34
Medium To Long Duration Debt Mutual Funds 712 3363 21
Floater Debt Mutual Funds 4633 9799 84
Gilt Constant Duration Debt Mutual Funds 187 573 1
Long Duration Debt Mutual Funds 2315 7006 587

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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.