Best Performing Debt Mutual Funds 30 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 6.4 1.0 60
Franklin India Liquid Fund Super Institutional Plan 6.4 0.8 6963
IDBI Liquid Fund 6.2 0.2 1094
BNP Paribas Liquid Fund 6.1 0.2 1212
Nippon India Liquid Fund 6.1 0.3 21754
Tata Liquid Fund 6.1 0.4 9430
Aditya Birla Sun Life Liquid Fund 6.1 0.3 30612
Axis Liquid Fund 6.1 0.2 19980
Baroda Liquid Fund 6.1 0.3 3086
Mahindra Liquid Fund 6.1 0.3 2098

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Dynamic Bond Debt Mutual Funds

NAME 1Y% ER% AUM
Mirae Asset Dynamic Bond Fund 15.8 1.5 58
SBI Dynamic Bond Fund 15.5 1.7 1342
IDFC Dynamic Bond Fund 15.4 1.8 2102
DSP Strategic Bond Fund 14.9 1.1 1189
Quantum Dynamic Bond Fund 14.0 0.7 60
Union Dynamic Bond Fund 12.9 1.5 135
Axis Dynamic Bond Fund 12.8 0.7 488
Edelweiss Dynamic Bond Fund 12.5 1.0 46
Nippon India Dynamic Bond Fund 12.3 2.2 807
L&T Flexi Bond Fund 12.0 1.6 59

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Overnight Debt Mutual Funds

NAME 1Y% ER% AUM
DSP Overnight Fund 5.0 0.2 1762
Sundaram Overnight Fund 5.0 0.2 640
Baroda Overnight Fund 5.0 0.1 99
Nippon India Overnight Fund 4.9 0.2 5418
Axis Overnight Fund 4.9 0.1 3706
UTI Overnight Fund 4.9 0.1 4068
BNP Paribas Overnight Fund 4.9 0.2 179
Kotak Overnight Fund 4.9 0.2 6434
SBI Overnight Fund 4.9 0.2 9436
Tata Overnight Fund 4.9 0.3 4570

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Ultra Short Duration Debt Mutual Funds

NAME 1Y% ER% AUM
PGIM India Ultra Short Term Fund 14.7 0.8 84
IDFC Ultra Short Term Fund 7.5 0.4 4182
Aditya Birla Sun Life Savings Fund 7.4 0.5 12836
SBI Magnum Ultra Short Duration Fund 7.3 0.5 8548
ICICI Prudential Ultra Short Term Fund 7.3 1.0 6155
Kotak Savings Fund 7.2 0.8 9155
L&T Ultra Short Term Fund 7.2 0.6 1670
Indiabulls Ultra Short Term Fund 7.1 0.7 88
HDFC Ultra Short Term Fund 7.1 0.6 7155
Baroda Ultra Short Duration Fund 7.0 0.4 137

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Short Duration Debt Mutual Funds

NAME 1Y% ER% AUM
IDFC All Seasons Bond Fund 10.5 0.5 149
SBI Short Term Debt Fund 10.0 0.9 12277
L&T Short Term Bond Fund 10.0 0.7 4778
Kotak Bond Short Term Regular Fund 9.6 1.1 9526
DSP Short Term Fund 9.5 0.9 3312
Axis Short Term Fund 9.4 1.0 4821
HDFC Short Term Debt Fund 9.4 0.4 11204
IDFC Bond Fund Short Term Plan 9.4 0.8 11573
ICICI Prudential Short Term Fund 9.2 1.2 11874
Mirae Asset Short Term Fund 9.1 1.1 329

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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 7.9 0.6 2757
IDFC Low Duration Fund 7.8 0.5 4391
SBI Magnum Low Duration Fund 7.8 1.1 7994
ICICI Prudential Savings Fund 7.7 0.5 18921
Aditya Birla Sun Life Low Duration Fund 7.5 1.2 8799
Canara Robeco Savings Fund 7.5 0.6 936
Mahindra Low Duration Bachat Yojana 7.2 1.1 342
HDFC Low Duration Fund 6.9 1.0 12965

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Gilt Debt Mutual Funds

NAME 1Y% ER% AUM
IDFC Government Securities Fund Investment Plan 17.6 1.0 518
Axis Gilt Fund 17.4 0.7 61
SBI Magnum Gilt Fund 17.1 1.0 2251
DSP Government Securities Fund 16.9 1.2 705
Nippon India Gilt Securities Fund 16.3 1.6 1204
Nippon India Gilt Securities PF 16.3 1.7 1204
Aditya Birla Sun Life Government Securities Fund 15.9 1.2 272
UTI Gilt Fund 15.6 0.9 496
Nippon India ETF Long Term Gilt 15.5 0.1 423
LIC MF Government Securities Fund 15.4 1.4 36

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Credit Risk Debt Mutual Funds

NAME 1Y% ER% AUM
ICICI Prudential Credit Risk Fund 8.5 1.5 11994
HDFC Credit Risk Debt Fund 6.7 1.5 13812
IDFC Credit Risk Fund 6.6 1.5 1516
Mahindra Credit Risk Yojana 6.4 1.8 146
SBI Credit Risk Fund 6.2 1.5 4929
Kotak Credit Risk Fund 4.7 1.5 4798
Axis Credit Risk Fund 2.8 1.7 1071
Invesco India Credit Risk Fund 2.0 1.5 179
DSP Credit Risk Fund 1.2 1.1 1126
Aditya Birla Sun Life Credit Risk Fund 0.0 1.4 4645

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Money Market Debt Mutual Funds

NAME 1Y% ER% AUM
Franklin India Savings Fund Retail Plan 7.9 0.3 3357
L&T Money Market Fund 7.8 0.8 804
HDFC Money Market Fund 7.8 0.4 6692
Aditya Birla Sun Life Money Manager Fund 7.7 0.3 8318
Nippon India Money Market Fund 7.6 0.3 3491
Kotak Money Market Fund 7.4 0.3 7188
Sundaram Money Market Fund 7.4 0.3 205
ICICI Prudential Money Market Fund 7.3 0.3 5529
Tata Money Market Fund 7.3 0.5 280
UTI Money Market Fund 7.3 0.3 4575

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Medium Duration Debt Mutual Funds

NAME 1Y% ER% AUM
SBI Magnum Medium Duration Fund 11.3 1.2 3276
IDFC Bond Fund Medium Term Plan 10.8 1.4 3006
ICICI Prudential Retirement Fund Pure Debt Plan 9.8 2.1 354
Indiabulls Income Fund 9.0 0.9 30
ICICI Prudential Medium Term Bond Fund 8.3 1.6 6627
HDFC Medium Term Debt Fund 7.7 1.3 1373
Axis Strategic Bond Fund 6.6 1.0 1230
Sundaram Medium Term Bond Fund 6.1 2.1 73
L&T Resurgent India Bond Fund 5.9 1.5 1591
Kotak Medium Term Fund 2.9 1.7 2896

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Corporate Bond Debt Mutual Funds

NAME 1Y% ER% AUM
L&T Triple Ace Bond Fund 14.4 0.6 3168
Sundaram Corporate Bond Fund 11.5 0.5 952
UTI Corporate Bond Fund 11.2 0.6 1065
SBI Corporate Bond Fund 10.5 0.9 12435
HDFC Corporate Bond Fund 10.3 0.5 12828
DSP Corporate Bond Fund 10.1 0.5 1125
Aditya Birla Sun Life Corporate Bond Fund 10.0 0.5 16897
Invesco India Corporate Bond Fund 9.8 0.6 1010
ICICI Prudential Corporate Bond Fund 9.4 0.6 11736
Canara Robeco Corporate Bond Fund 9.4 1.0 214

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Banking And PSU Debt Mutual Funds

NAME 1Y% ER% AUM
Edelweiss Banking and PSU Debt Fund 14.1 0.6 193
IDFC Banking & PSU Debt Fund 11.2 0.7 13750
Nippon India Banking & PSU Debt Fund 11.2 0.8 4276
Franklin India Banking & PSU Debt Fund 11.0 0.6 1156
DSP Banking & PSU Debt Fund 10.9 0.5 2269
L&T Banking and PSU Debt Fund 10.7 0.6 2891
PGIM India Banking & PSU Debt Fund 10.6 0.6 47
Aditya Birla Sun Life Banking & PSU Debt Fund 10.3 0.7 9774
Kotak Banking and PSU Debt Fund 10.3 0.6 4759
SBI Banking and PSU Fund 10.1 0.8 4559

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Medium To Long Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Nippon India Income Fund 14.8 1.6 296
IDFC Bond Fund Income Plan 14.3 1.9 672
SBI Magnum Income Fund 12.9 1.5 1295
HSBC Debt Fund 11.9 2.1 36
Kotak Bond Fund 11.8 1.8 1430
LIC MF Bond Fund 11.7 1.1 178
Aditya Birla Sun Life Income Fund 11.4 0.7 1298
Canara Robeco Income Fund 11.3 1.9 108
Tata Income Fund 11.3 2.3 63
ICICI Prudential Bond Fund 11.3 1.1 3363

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Floater Debt Mutual Funds

NAME 1Y% ER% AUM
Nippon India Floating Rate Fund 9.1 0.6 7676
Aditya Birla Sun Life Floating Rate Fund 8.1 0.4 6706
UTI Floater Fund 7.7 1.3 1112
HDFC Floating Rate Debt Fund 7.6 0.4 9799
ICICI Prudential Floating Interest Fund 7.1 1.3 6645
Franklin India Floating Rate Fund 6.5 1.0 407

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Gilt Constant Duration Debt Mutual Funds

NAME 1Y% ER% AUM
IDFC Government Securities Fund Constant Maturity Plan 18.2 0.5 195
ICICI Prudential Constant Maturity Gilt Fund 17.7 0.3 121
SBI Magnum Constant Maturity Fund 16.2 0.6 573
DSP 10Y GSec Fund 16.1 0.4 46
SBI ETF 10 Year Gilt 15.3 0.1 1

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Long Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Nippon India Nivesh Lakshya Fund 18.0 0.5 829
ICICI Prudential Long Term Bond Fund 15.8 1.8 839

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

CATEGORY AVG MAX MIN
Liquid Debt Mutual Funds 5.7 6.4 3.2
Dynamic Bond Debt Mutual Funds 8.9 15.8 -2.5
Overnight Debt Mutual Funds 4.8 5.0 4.3
Ultra Short Duration Debt Mutual Funds 6.1 14.7 -3.0
Short Duration Debt Mutual Funds 4.2 10.5 -19.9
Low Duration Debt Mutual Funds 0.2 8.0 -43.8
Gilt Debt Mutual Funds 14.7 17.6 10.3
Credit Risk Debt Mutual Funds -5.5 8.5 -72.2
Money Market Debt Mutual Funds 7.2 7.9 5.3
Medium Duration Debt Mutual Funds 1.8 11.3 -27.3
Corporate Bond Debt Mutual Funds 7.9 14.4 -6.5
Banking And PSU Debt Mutual Funds 10.2 14.1 8.5
Medium To Long Duration Debt Mutual Funds 9.2 14.8 -7.1
Floater Debt Mutual Funds 7.7 9.1 6.5
Gilt Constant Duration Debt Mutual Funds 16.7 18.2 15.3
Long Duration Debt Mutual Funds 16.9 18.0 15.8

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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 0.8 1.4 0.1
Short Duration Debt Mutual Funds 1.1 1.7 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 1.4 2.1 0.0
Corporate Bond Debt Mutual Funds 0.8 2.1 0.5
Banking And PSU Debt Mutual Funds 0.7 1.1 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

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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 2759 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.