Best Performing Debt Mutual Funds 20 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

Liquid Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Quant Liquid Plan 6.72 0.97 163
Franklin India Liquid Fund Super Institutional Plan 6.37 0.86 13,546
YES Liquid Fund 6.30 0.18 128
Aditya Birla Sun Life Liquid Fund 6.14 0.30 41,466
Axis Liquid Fund 6.14 0.18 30,919
Mahindra Liquid Fund 6.14 0.23 2,801
BNP Paribas Liquid Fund 6.13 0.18 1,820
Indiabulls Liquid Fund 6.13 0.20 763
Nippon India Liquid Fund 6.13 0.28 28,267
IDBI Liquid Fund 6.12 0.17 2,167
Sundaram Money Fund 6.12 0.20 5,803
PGIM India Insta Cash Fund 6.11 0.25 780
JM Liquid Fund 6.10 0.15 1,931
Baroda Liquid Fund 6.08 0.29 8,706
ICICI Prudential Liquid Fund 6.05 0.29 45,079
Edelweiss Liquid Fund 6.04 0.37 1,501
UTI Liquid Cash Fund 6.03 0.30 31,148
Mirae Asset Cash Management Fund 6.02 0.21 3,834
SBI Liquid Fund 6.01 0.25 49,897
DSP Liquidity Fund 5.99 0.21 12,761

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Dynamic Bond Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Mirae Asset Dynamic Bond Fund 13.45 1.49 51
SBI Dynamic Bond Fund 13.34 1.67 1,309
IDFC Dynamic Bond Fund 12.26 1.79 2,078
Edelweiss Dynamic Bond Fund 11.35 1.04 43
DSP Strategic Bond Fund 11.27 1.13 896
Quantum Dynamic Bond Fund 10.46 0.70 60
ICICI Prudential All Seasons Bond Fund 10.37 1.32 3,189
PGIM India Dynamic Bond Fund 10.27 1.75 47
Axis Dynamic Bond Fund 10.24 0.65 420
Union Dynamic Bond Fund 9.75 1.52 133
HSBC Flexi Debt Fund 9.74 1.78 104
Kotak Dynamic Bond Fund 9.28 1.08 1,205
L&T Flexi Bond Fund 9.22 1.62 59
Canara Robeco Dynamic Bond Fund 9.19 1.75 109
Nippon India Dynamic Bond Fund 8.94 2.09 825
Indiabulls Dynamic Bond Fund 8.82 0.74 27
BNP Paribas Flexi Debt Fund 7.86 1.21 130
Tata Dynamic Bond Fund 6.91 1.45 299
IIFL Dynamic Bond Fund 6.84 1.34 282
Aditya Birla Sun Life Active Debt MultiManager FoF Scheme 6.34 0.80 11

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Overnight Debt Mutual Funds

FUND NAME 1Y% ER% AUM
DSP Overnight Fund 5.36 0.21 1,158
Axis Overnight Fund 5.32 0.10 2,305
UTI Overnight Fund 5.32 0.12 4,032
Kotak Overnight Fund 5.31 0.15 4,074
Nippon India Overnight Fund 5.31 0.17 3,172
IDFC Overnight Fund 5.28 0.19 544
SBI Overnight Fund 5.28 0.18 10,149
ICICI Prudential Overnight Fund 5.27 0.20 4,813
Aditya Birla Sun Life Overnight Fund 5.25 0.16 5,096
HDFC Overnight Fund 5.23 0.20 11,205
L&T Overnight Fund 4.63 0.80 1,563

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Ultra Short Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
PGIM India Ultra Short Term Fund 12.56 0.75 143
ICICI Prudential Ultra Short Term Fund 7.22 1.04 8,612
Aditya Birla Sun Life Savings Fund 6.90 0.41 16,489
IDFC Ultra Short Term Fund 6.76 0.35 5,798
Indiabulls Ultra Short Term Fund 6.64 0.69 256
SBI Magnum Ultra Short Duration Fund 6.64 0.48 14,116
Kotak Savings Fund 6.48 0.78 12,951
Baroda Ultra Short Duration Fund 6.46 0.38 258
Axis Ultra Short Term Fund 6.38 1.19 3,989
HDFC Ultra Short Term Fund 6.35 0.64 10,607
BOI AXA Ultra Short Duration Fund 6.30 0.58 295
L&T Ultra Short Term Fund 6.29 0.56 2,786
Invesco India Ultra Short Term Fund 6.24 0.93 560
DSP Ultra Short Fund 6.11 0.85 2,594
Tata Ultra Short Term Fund 6.03 0.97 191
IDBI Ultra Short Term Fund 5.97 0.67 229
Motilal Oswal Ultra Short Term Fund 5.87 0.08 78
Canara Robeco Ultra Short Term Fund 5.85 0.95 202
Principal Ultra Short Term Fund 5.66 1.15 94
Essel Ultra Short Term Fund 5.24 1.05 23

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Short Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
ICICI Prudential Short Term Fund 7.86 1.15 13,470
Nippon India Short Term Fund 7.75 1.12 7,862
Baroda Short Term Bond Fund 7.74 1.29 417
HDFC Short Term Debt Fund 7.69 0.39 12,216
SBI Short Term Debt Fund 7.67 0.84 11,961
Kotak Bond Short Term Regular Fund 7.60 1.13 11,560
Axis Short Term Fund 7.56 0.95 5,398
IDFC All Seasons Bond Fund 7.31 0.49 150
Mirae Asset Short Term Fund 7.21 1.03 335
L&T Short Term Bond Fund 7.16 0.73 5,190
IDFC Bond Fund Short Term Plan 6.95 0.80 12,341
DSP Short Term Fund 6.90 0.99 3,404
Tata Short Term Bond Fund 6.88 1.17 2,836
Invesco India Short Term Fund 6.83 1.25 620
LIC MF Short Term Debt Fund 6.66 1.46 253
Canara Robeco Short Duration Fund 6.35 1.02 577
Aditya Birla Sun Life Short Term Fund 5.81 1.13 3,035
BNP Paribas Short Term Fund 4.89 1.19 171
Indiabulls Short Term Fund 4.22 1.48 43
Edelweiss Short Term fund -1.63 0.80 9

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Low Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Invesco India Treasury Advantage Fund 7.02 0.65 2,253
ICICI Prudential Savings Fund 6.99 0.50 22,150
Axis Treasury Advantage Fund 6.96 0.58 5,894
DSP Low Duration Fund 6.89 0.55 2,980
IDFC Low Duration Fund 6.87 0.48 6,222
Kotak Low Duration Fund Standard Plan 6.72 1.07 7,265
SBI Magnum Low Duration Fund 6.69 1.06 9,832
Mahindra Low Duration Bachat Yojana 6.63 1.16 503
HDFC Low Duration Fund 6.60 1.04 15,957
Aditya Birla Sun Life Low Duration Fund 6.27 1.22 12,149
Canara Robeco Savings Fund 6.23 0.55 1,126
BNP Paribas Low Duration Fund 5.50 1.00 325
Nippon India Low Duration Fund 5.43 1.05 4,490
Mirae Asset Savings Fund Regular Savings Plan 4.15 0.86 594
L&T Low Duration Fund 3.87 0.98 875
LIC MF Savings Fund 1.80 0.83 995
Tata Treasury Advantage Fund 0.77 0.53 643
Sundaram Low Duration Fund -3.60 0.69 446
HSBC Low Duration Fund -4.42 1.03 152
UTI Treasury Advantage Fund -5.27 0.38 2,141

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Gilt Debt Mutual Funds

FUND NAME 1Y% ER% AUM
SBI Magnum Gilt Fund 15.21 0.96 2,071
DSP Government Securities Fund 14.98 1.22 523
IDFC Government Securities Fund Investment Plan 14.60 1.03 480
Nippon India ETF Long Term Gilt 13.79 0.04 417
Nippon India Gilt Securities Fund 13.79 1.59 1,135
Nippon India Gilt Securities PF 13.79 1.71 1,135
Axis Gilt Fund 13.62 0.68 49
LIC MF GSec Long Term Exchange Traded Fund 13.10 0.26 92
UTI Gilt Fund 13.07 0.92 503
Aditya Birla Sun Life Government Securities Fund 12.63 1.18 231
Edelweiss Government Securities Fund 12.54 1.36 71
LIC MF Government Securities Fund 12.38 1.42 40
LIC MF Government Securities Fund Provident Fund 12.38 No Data 40
ICICI Prudential Gilt Fund 12.27 1.05 1,272
Kotak Gilt Investment Provident Fund and Trust Plan 11.81 1.40 385
Kotak Gilt Investment 11.81 1.45 385
PGIM India Gilt Fund 11.71 0.66 34
Canara Robeco Gilt Fund 11.67 1.25 67
Tata Gilt Securities Fund 11.51 1.50 165
Invesco India Gilt Fund 11.08 1.25 25

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Credit Risk Debt Mutual Funds

FUND NAME 1Y% ER% AUM
ICICI Prudential Credit Risk Fund 8.24 1.56 12,872
HDFC Credit Risk Debt Fund 7.41 1.46 14,697
IDFC Credit Risk Fund 7.10 1.49 1,646
Kotak Credit Risk Fund 6.06 1.66 5,280
Mahindra Credit Risk Yojana 5.73 1.87 149
SBI Credit Risk Fund 4.81 1.55 5,083
DSP Credit Risk Fund 3.17 1.05 1,267
Axis Credit Risk Fund 2.82 1.65 1,188
L&T Credit Risk Fund 1.27 1.68 1,641
Aditya Birla Sun Life Credit Risk Fund 1.16 1.63 5,115
Invesco India Credit Risk Fund 1.09 1.50 187
Principal Credit Risk Fund -0.88 1.52 32
Baroda Credit Risk Fund Plan A -1.90 1.77 573
PGIM India Credit Risk Fund -4.99 1.74 329
Franklin India Credit Risk Fund -6.25 1.65 5,481
Sundaram Short Term Credit Risk Fund -7.09 1.43 138
Nippon India Credit Risk Fund -12.74 1.55 4,628
IDBI Credit Risk Fund -18.95 1.38 58
UTI Credit Risk Fund -30.20 1.59 936
BOI AXA Credit Risk Fund -43.17 1.55 179

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Money Market Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Quant Money Market Fund 7.29 0.21 20
Franklin India Savings Fund Retail Plan 6.92 0.26 4,568
Nippon India Money Market Fund 6.90 0.24 5,827
UTI Money Market Fund 6.83 0.27 8,238
L&T Money Market Fund 6.82 0.76 900
Indiabulls Savings Fund 6.80 0.22 23
Sundaram Money Market Fund 6.80 0.29 195
Kotak Money Market Fund 6.79 0.26 10,442
Aditya Birla Sun Life Money Manager Fund 6.58 0.31 13,471
SBI Savings Fund 6.51 0.83 14,130
ICICI Prudential Money Market Fund 6.43 0.27 10,845
HDFC Money Market Fund 6.40 0.35 9,651
Tata Money Market Fund 6.39 0.42 652
DSP Savings Fund 5.78 0.47 1,025
Invesco India Money Market Fund 5.77 0.55 1,152
JM Money Market Fund 5.65 0.45 21
IDFC Money Manager Fund 5.24 1.04 2,351

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Medium Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
SBI Magnum Medium Duration Fund 9.82 1.14 3,100
ICICI Prudential Retirement Fund Pure Debt Plan 9.25 2.04 376
IDFC Bond Fund Medium Term Plan 8.15 1.44 3,066
ICICI Prudential Medium Term Bond Fund 8.06 1.59 6,807
HDFC Medium Term Debt Fund 7.77 1.29 1,417
Indiabulls Income Fund 7.53 0.76 31
Axis Strategic Bond Fund 6.02 1.04 1,268
L&T Resurgent India Bond Fund 5.95 1.49 1,755
Kotak Medium Term Fund 4.43 1.72 3,324
Sundaram Medium Term Bond Fund 4.18 2.16 80
DSP Bond Fund Retail Plan 0.98 0.70 271
UTI Medium Term Fund 0.03 1.64 205
Franklin India Income Opportunities Fund -1.80 1.75 2,935
BNP Paribas Medium Term Fund -3.80 1.08 68
Aditya Birla Sun Life Medium Term Plan -4.43 1.66 4,452
Tata Medium Term Fund -10.50 1.38 49
Nippon India Strategic Debt Fund -29.65 1.75 1,774

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Corporate Bond Debt Mutual Funds

FUND NAME 1Y% ER% AUM
L&T Triple Ace Bond Fund 11.01 0.62 3,081
UTI Corporate Bond Fund 9.57 0.52 1,009
Sundaram Corporate Bond Fund 8.38 0.46 1,066
HDFC Corporate Bond Fund 8.03 0.50 13,389
ICICI Prudential Corporate Bond Fund 7.96 0.56 13,243
Aditya Birla Sun Life Corporate Bond Fund 7.83 0.45 17,606
DSP Corporate Bond Fund 7.70 0.51 1,197
Invesco India Corporate Bond Fund 7.56 0.60 1,018
Kotak Corporate Bond Fund Standard Plan 7.55 0.60 4,840
SBI Corporate Bond Fund 7.48 0.84 11,789
Canara Robeco Corporate Bond Fund 7.40 1.02 213
Franklin India Corporate Debt Fund 7.22 0.85 1,512
PGIM India Premier Bond Fund 6.91 0.95 49
Nippon India Prime Debt Fund 6.42 0.71 933
IDFC Corporate Bond Fund 5.37 0.58 13,672
Aditya Birla Sun Life Retirement Fund The 50s Plus Debt Plan 4.81 2.19 66
Axis Corporate Debt Fund 3.49 1.04 192
Union Corporate Bond Fund 1.63 1.40 288
BNP Paribas Corporate Bond Fund -1.74 0.70 29
Edelweiss Corporate Bond Fund -8.23 1.10 31

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Banking And PSU Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Edelweiss Banking and PSU Debt Fund 11.04 0.58 188
Kotak Banking and PSU Debt Fund 8.81 0.61 5,225
PGIM India Banking & PSU Debt Fund 8.69 0.60 59
Franklin India Banking & PSU Debt Fund 8.56 0.51 1,332
Nippon India Banking & PSU Debt Fund 8.04 0.79 4,929
ICICI Prudential Banking & PSU Debt Fund 7.98 0.82 8,955
Aditya Birla Sun Life Banking & PSU Debt Fund 7.94 0.67 10,056
SBI Banking and PSU Fund 7.78 0.81 4,414
IDFC Banking & PSU Debt Fund 7.64 0.65 14,069
HDFC Banking and PSU Debt Fund 7.62 0.81 5,323
Sundaram Banking & PSU Debt Fund 7.48 0.36 1,363
DSP Banking & PSU Debt Fund 7.40 0.50 2,389
LIC MF Banking & PSU Debt Fund 7.33 0.83 1,576
L&T Banking and PSU Debt Fund 7.24 0.61 3,800
Axis Banking & PSU Debt Fund 7.15 0.59 14,469
Invesco India Banking & PSU Debt Fund 5.80 0.65 53
UTI Banking & PSU Debt Fund -0.77 0.31 155

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Medium To Long Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Nippon India Income Fund 12.12 1.62 299
IDFC Bond Fund Income Plan 11.28 1.90 683
SBI Magnum Income Fund 10.99 1.47 1,301
Kotak Bond Fund 10.13 1.83 1,891
HSBC Debt Fund 9.79 2.11 41
LIC MF Bond Fund 9.61 1.08 185
Tata Income Fund 9.24 1.93 65
Canara Robeco Income Fund 9.00 1.88 110
ICICI Prudential Bond Fund 8.41 1.08 3,438
HDFC Income Fund 8.39 2.29 594
Aditya Birla Sun Life Income Fund 8.12 0.72 1,256
ICICI Prudential Debt Management Fund (FOF) 7.00 0.83 202
JM Income Fund -6.66 0.76 21
UTI Bond Fund -11.80 1.58 447

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Floater Debt Mutual Funds

FUND NAME 1Y% ER% AUM
HDFC Floating Rate Debt Fund 6.99 0.38 11,037
Nippon India Floating Rate Fund 6.96 0.65 7,832
ICICI Prudential Floating Interest Fund 6.70 1.31 8,507
Aditya Birla Sun Life Floating Rate Fund 6.60 0.38 8,688
UTI Floater Fund 6.49 1.28 1,573
Franklin India Floating Rate Fund 6.30 0.95 479

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Gilt Constant Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
ICICI Prudential Constant Maturity Gilt Fund 15.85 0.33 99
IDFC Government Securities Fund Constant Maturity Plan 15.69 0.54 159
DSP 10Y GSec Fund 14.33 0.40 44
SBI ETF 10 Year Gilt 13.99 0.14 1
SBI Magnum Constant Maturity Fund 13.97 0.63 551

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Long Duration Debt Mutual Funds

FUND NAME 1Y% ER% AUM
Nippon India Nivesh Lakshya Fund 18.02 0.53 762
ICICI Prudential Long Term Bond Fund 13.39 1.80 838

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

CATEGORY NAME AVG MAX MIN
Liquid Debt Mutual Funds 5.86 6.72 3.56
Dynamic Bond Debt Mutual Funds 6.98 13.45 -5.56
Overnight Debt Mutual Funds 5.23 5.36 4.63
Ultra Short Duration Debt Mutual Funds 5.60 12.56 -3.07
Short Duration Debt Mutual Funds 2.88 7.86 -12.12
Low Duration Debt Mutual Funds -0.36 7.02 -43.73
Gilt Debt Mutual Funds 12.30 15.21 9.39
Credit Risk Debt Mutual Funds -3.87 8.24 -43.17
Money Market Debt Mutual Funds 6.46 7.29 5.24
Medium Duration Debt Mutual Funds 1.29 9.82 -29.65
Corporate Bond Debt Mutual Funds 5.82 11.01 -8.23
Banking And PSU Debt Mutual Funds 7.40 11.04 -0.77
Medium To Long Duration Debt Mutual Funds 6.83 12.12 -11.80
Floater Debt Mutual Funds 6.67 6.99 6.30
Gilt Constant Duration Debt Mutual Funds 14.77 15.85 13.97
Long Duration Debt Mutual Funds 15.71 18.02 13.39

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Category 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 1.32 2.09 0.21
Overnight Debt Mutual Funds 0.19 0.80 0.10
Ultra Short Duration Debt Mutual Funds 0.74 1.19 0.08
Short Duration Debt Mutual Funds 1.06 1.60 0.39
Low Duration Debt Mutual Funds 0.82 1.22 0.38
Gilt Debt Mutual Funds 1.18 1.87 0.04
Credit Risk Debt Mutual Funds 1.56 1.87 1.05
Money Market Debt Mutual Funds 0.43 1.04 0.21
Medium Duration Debt Mutual Funds 1.30 2.16 0.00
Corporate Bond Debt Mutual Funds 0.81 2.19 0.45
Banking And PSU Debt Mutual Funds 0.64 0.83 0.31
Medium To Long Duration Debt Mutual Funds 1.51 2.29 0.72
Floater Debt Mutual Funds 0.80 1.31 0.38
Gilt Constant Duration Debt Mutual Funds 0.41 0.63 0.14
Long Duration Debt Mutual Funds 0.60 1.80 0.00

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Category Avg/Max/Min Net Assets (Cr)

CATEGORY NAME AVG MAX MIN
Liquid Debt Mutual Funds 9,733 71,026 27
Dynamic Bond Debt Mutual Funds 630 3,717 11
Overnight Debt Mutual Funds 1,776 11,205 20
Ultra Short Duration Debt Mutual Funds 3,482 16,489 23
Short Duration Debt Mutual Funds 3,614 13,470 9
Low Duration Debt Mutual Funds 3,894 22,150 29
Gilt Debt Mutual Funds 420 2,071 21
Credit Risk Debt Mutual Funds 3,074 14,697 32
Money Market Debt Mutual Funds 4,424 14,130 20
Medium Duration Debt Mutual Funds 2,025 7,117 31
Corporate Bond Debt Mutual Funds 4,261 17,606 29
Banking And PSU Debt Mutual Funds 4,150 14,469 53
Medium To Long Duration Debt Mutual Funds 752 3,438 21
Floater Debt Mutual Funds 5,455 11,037 71
Gilt Constant Duration Debt Mutual Funds 171 551 1
Long Duration Debt Mutual Funds 2,171 6,635 449

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NOTE: 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.