Best Performing Debt Mutual Funds 22 May 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 6.3 1.0 169
Franklin India Liquid Fund Super Institutional Plan 6.3 0.9 3582
IDBI Liquid Fund 6.1 0.2 1153
Aditya Birla Sun Life Liquid Fund 6.0 0.3 33418
Nippon India Liquid Fund 6.0 0.3 26033
Tata Liquid Fund 6.0 0.3 13489
Axis Liquid Fund 6.0 0.2 25860
Mahindra Liquid Fund 6.0 0.3 2280
ICICI Prudential Liquid Fund 6.0 0.3 45457
Edelweiss Liquid Fund 5.9 0.4 860

Dynamic Bond Debt Mutual Funds

NAME 1Y% ER% AUM
DSP Strategic Bond Fund 17.5 1.1 1412
IDFC Dynamic Bond Fund 16.6 1.8 2031
SBI Dynamic Bond Fund 16.4 1.7 1352
Mirae Asset Dynamic Bond Fund 16.3 1.5 66
Axis Dynamic Bond Fund 14.5 0.7 489
Union Dynamic Bond Fund 13.8 1.5 135
Quantum Dynamic Bond Fund 13.3 0.7 61
ICICI Prudential All Seasons Bond Fund 13.1 1.3 3014
L&T Flexi Bond Fund 13.0 1.6 59
Canara Robeco Dynamic Bond Fund 12.7 1.8 111

Overnight Debt Mutual Funds

NAME 1Y% ER% AUM
DSP Overnight Fund 4.9 0.2 1986
Sundaram Overnight Fund 4.8 0.2 725
Baroda Overnight Fund 4.8 0.2 170
Axis Overnight Fund 4.8 0.1 2810
Nippon India Overnight Fund 4.8 0.2 4987
UTI Overnight Fund 4.7 0.1 4254
BNP Paribas Overnight Fund 4.7 0.2 222
Kotak Overnight Fund 4.7 0.2 6687
SBI Overnight Fund 4.7 0.2 13529
Tata Overnight Fund 4.7 0.2 1902

Ultra Short Duration Debt Mutual Funds

NAME 1Y% ER% AUM
PGIM India Ultra Short Term Fund 14.4 0.8 78
Aditya Birla Sun Life Savings Fund 8.0 0.5 12268
IDBI Ultra Short Term Fund 7.8 0.7 114
IDFC Ultra Short Term Fund 7.8 0.4 4709
SBI Magnum Ultra Short Duration Fund 7.7 0.5 8925
ICICI Prudential Ultra Short Term Fund 7.7 1.0 5426
Indiabulls Ultra Short Term Fund 7.6 0.7 46
HDFC Ultra Short Term Fund 7.6 0.6 7167
L&T Ultra Short Term Fund 7.6 0.5 1616
Kotak Savings Fund 7.5 0.8 9148

Short Duration Debt Mutual Funds

NAME 1Y% ER% AUM
IDFC All Seasons Bond Fund 12.2 0.5 116
SBI Short Term Debt Fund 11.2 0.8 12716
L&T Short Term Bond Fund 11.1 0.8 4422
Axis Short Term Fund 10.9 1.0 5560
HDFC Short Term Debt Fund 10.9 0.4 11000
IDFC Bond Fund Short Term Plan 10.8 0.8 11459
DSP Short Term Fund 10.8 0.9 3151
ICICI Prudential Short Term Fund 10.7 1.2 13140
Invesco India Short Term Fund 10.6 1.3 593
Kotak Bond Short Term Regular Fund 10.5 1.1 9928

Low Duration Debt Mutual Funds

NAME 1Y% ER% AUM
DSP Low Duration Fund 9.1 0.6 2593
Invesco India Treasury Advantage Fund 8.8 0.7 1493
ICICI Prudential Savings Fund 8.7 0.5 17339
Axis Treasury Advantage Fund 8.6 0.6 4625
IDFC Low Duration Fund 8.3 0.5 4045
SBI Magnum Low Duration Fund 8.3 1.0 9019
Aditya Birla Sun Life Low Duration Fund 8.3 1.2 8142
Kotak Low Duration Fund Standard Plan 8.2 1.1 4488
Canara Robeco Savings Fund 8.0 0.6 889
HDFC Low Duration Fund 7.8 1.0 11747

Gilt Debt Mutual Funds

NAME 1Y% ER% AUM
DSP Government Securities Fund 18.3 1.1 1036
IDFC Government Securities Fund Investment Plan 18.3 1.1 858
SBI Magnum Gilt Fund 18.1 1.0 2433
Axis Gilt Fund 17.6 0.7 86
ICICI Prudential Gilt Fund 17.0 1.0 1988
Aditya Birla Sun Life Government Securities Fund 16.9 1.2 351
UTI Gilt Fund 16.6 0.9 608
Nippon India Gilt Securities Fund 16.6 1.6 1250
Nippon India Gilt Securities PF 16.6 1.7 1250
Nippon India ETF Long Term Gilt 16.0 0.1 8

Credit Risk Debt Mutual Funds

NAME 1Y% ER% AUM
ICICI Prudential Credit Risk Fund 9.3 1.5 7956
HDFC Credit Risk Debt Fund 7.6 1.5 8436
IDFC Credit Risk Fund 7.5 1.5 956
SBI Credit Risk Fund 7.2 1.5 4149
Mahindra Credit Risk Yojana 7.0 1.8 123
Kotak Credit Risk Fund 6.3 1.7 2662
Axis Credit Risk Fund 3.6 1.7 802
Invesco India Credit Risk Fund 3.5 1.5 150
DSP Credit Risk Fund 1.8 1.7 680
Aditya Birla Sun Life Credit Risk Fund 1.6 1.4 2576

Money Market Debt Mutual Funds

NAME 1Y% ER% AUM
L&T Money Market Fund 8.9 0.7 878
HDFC Money Market Fund 8.4 0.4 6575
Aditya Birla Sun Life Money Manager Fund 8.2 0.3 8222
Franklin India Savings Fund Retail Plan 8.1 0.3 1895
ICICI Prudential Money Market Fund 7.9 0.3 6094
Nippon India Money Market Fund 7.9 0.3 4136
Tata Money Market Fund 7.9 0.4 311
DSP Savings Fund 7.8 0.5 1203
UTI Money Market Fund 7.7 0.3 4370
Kotak Money Market Fund 7.5 0.3 7656

Medium Duration Debt Mutual Funds

NAME 1Y% ER% AUM
SBI Magnum Medium Duration Fund 12.8 1.2 3192
IDFC Bond Fund Medium Term Plan 11.9 1.4 2808
ICICI Prudential Retirement Fund Pure Debt Plan 11.4 2.1 353
ICICI Prudential Medium Term Bond Fund 9.8 1.6 5386
Indiabulls Income Fund 9.4 0.9 30
HDFC Medium Term Debt Fund 8.1 1.3 1135
Sundaram Medium Term Bond Fund 7.7 2.2 71
Axis Strategic Bond Fund 7.4 1.0 945
L&T Resurgent India Bond Fund 6.3 1.5 1080
Kotak Medium Term Fund 5.2 1.9 1757

Corporate Bond Debt Mutual Funds

NAME 1Y% ER% AUM
L&T Triple Ace Bond Fund 16.6 0.6 3314
UTI Corporate Bond Fund 12.9 0.6 1299
Sundaram Corporate Bond Fund 12.8 0.5 1050
SBI Corporate Bond Fund 11.9 0.8 13417
HDFC Corporate Bond Fund 11.8 0.5 14518
DSP Corporate Bond Fund 11.6 0.5 1110
Aditya Birla Sun Life Corporate Bond Fund 11.4 0.5 17648
Invesco India Corporate Bond Fund 11.3 0.6 1266
ICICI Prudential Corporate Bond Fund 10.9 0.6 11860
Canara Robeco Corporate Bond Fund 10.5 1.0 204

Banking And PSU Debt Mutual Funds

NAME 1Y% ER% AUM
Edelweiss Banking and PSU Debt Fund 15.9 0.6 204
IDFC Banking & PSU Debt Fund 12.8 0.7 13956
Nippon India Banking & PSU Debt Fund 12.7 0.8 4517
DSP Banking & PSU Debt Fund 12.7 0.6 2424
L&T Banking and PSU Debt Fund 12.5 0.6 3686
PGIM India Banking & PSU Debt Fund 12.2 0.6 55
Kotak Banking and PSU Debt Fund 12.0 0.6 5528
Aditya Birla Sun Life Banking & PSU Debt Fund 11.8 0.7 11120
SBI Banking and PSU Fund 11.7 0.8 4783
Franklin India Banking & PSU Debt Fund 11.5 0.6 1126

Medium To Long Duration Debt Mutual Funds

NAME 1Y% ER% AUM
IDFC Bond Fund Income Plan 15.4 1.9 671
Nippon India Income Fund 14.8 1.8 306
SBI Magnum Income Fund 14.2 1.5 1292
Kotak Bond Fund 13.7 1.9 1402
Aditya Birla Sun Life Income Fund 13.4 0.7 1410
ICICI Prudential Bond Fund 13.1 1.1 3153
Canara Robeco Income Fund 13.1 1.9 116
HSBC Debt Fund 12.6 2.1 37
LIC MF Bond Fund 12.5 1.1 180
Tata Income Fund 12.3 2.0 58

Floater Debt Mutual Funds

NAME 1Y% ER% AUM
Nippon India Floating Rate Fund 10.3 0.5 8964
Aditya Birla Sun Life Floating Rate Fund 9.0 0.4 6133
HDFC Floating Rate Debt Fund 8.6 0.4 8933
UTI Floater Fund 8.5 1.3 1273
ICICI Prudential Floating Interest Fund 8.3 1.3 6018
Kotak Floating Rate Fund 7.7 0.6 84
Franklin India Floating Rate Fund 6.8 1.0 250

Gilt Constant Duration Debt Mutual Funds

NAME 1Y% ER% AUM
ICICI Prudential Constant Maturity Gilt Fund 19.1 0.3 164
IDFC Government Securities Fund Constant Maturity Plan 19.1 0.6 229
DSP 10Y GSec Fund 17.5 0.5 48
SBI Magnum Constant Maturity Fund 16.9 0.6 609
SBI ETF 10 Year Gilt 15.3 0.1 1

Long Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Nippon India Nivesh Lakshya Fund 17.6 0.5 1135
ICICI Prudential Long Term Bond Fund 16.8 1.8 829

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

CATEGORY AVG MAX MIN
Liquid Debt Mutual Funds 5.6 6.3 3.0
Dynamic Bond Debt Mutual Funds 9.6 17.5 -3.5
Overnight Debt Mutual Funds 4.7 4.9 4.1
Ultra Short Duration Debt Mutual Funds 6.4 14.4 -2.9
Short Duration Debt Mutual Funds 5.0 12.2 -18.1
Low Duration Debt Mutual Funds 0.3 9.1 -47.2
Gilt Debt Mutual Funds 15.2 18.3 10.1
Credit Risk Debt Mutual Funds -5.2 9.3 -70.3
Money Market Debt Mutual Funds 7.5 8.9 5.1
Medium Duration Debt Mutual Funds 3.2 12.8 -26.5
Corporate Bond Debt Mutual Funds 9.3 16.6 -4.7
Banking And PSU Debt Mutual Funds 11.6 15.9 7.8
Medium To Long Duration Debt Mutual Funds 10.4 15.4 -5.3
Floater Debt Mutual Funds 8.5 10.3 6.8
Gilt Constant Duration Debt Mutual Funds 17.6 19.1 15.3
Long Duration Debt Mutual Funds 17.2 17.6 16.8

Avg/Max/Min Expense Ratio (%) For Each Category

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 0.3 0.1
Ultra Short Duration Debt Mutual Funds 0.8 1.6 0.1
Short Duration Debt Mutual Funds 1.0 1.6 0.4
Low Duration Debt Mutual Funds 0.8 1.2 0.4
Gilt Debt Mutual Funds 1.2 1.8 0.1
Credit Risk Debt Mutual Funds 1.5 1.8 0.6
Money Market Debt Mutual Funds 0.5 1.0 0.2
Medium Duration Debt Mutual Funds 1.3 2.2 0.0
Corporate Bond Debt Mutual Funds 0.8 2.3 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

Avg/Max/Min Net Assets (Cr) For Each Category

CATEGORY AVG MAX MIN
Liquid Debt Mutual Funds 8916 87870 16
Dynamic Bond Debt Mutual Funds 566 3014 10
Overnight Debt Mutual Funds 2766 18087 6
Ultra Short Duration Debt Mutual Funds 2385 12268 3
Short Duration Debt Mutual Funds 3151 13140 9
Low Duration Debt Mutual Funds 2871 17339 27
Gilt Debt Mutual Funds 550 2433 8
Credit Risk Debt Mutual Funds 1791 8436 29
Money Market Debt Mutual Funds 2794 11065 16
Medium Duration Debt Mutual Funds 1496 5749 30
Corporate Bond Debt Mutual Funds 4313 17648 18
Banking And PSU Debt Mutual Funds 4180 13956 34
Medium To Long Duration Debt Mutual Funds 700 3153 22
Floater Debt Mutual Funds 4522 8964 84
Gilt Constant Duration Debt Mutual Funds 210 609 1
Long Duration Debt Mutual Funds 2491 7233 767

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.