Top Performing Debt Mutual Funds-Best Debt Mutual Funds for Long Term Lumpsum Investment

Best Performing Debt Mutual Funds (Updated On 19-Dec-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 5.0 1.0 180
IDBI Liquid Fund 4.6 0.2 1256
Franklin India Liquid Fund Super Institutional Plan 4.4 0.2 1720
Tata Liquid Fund 4.4 0.3 18528
Union Liquid Fund 4.4 0.2 825
Aditya Birla Sun Life Liquid Fund 4.4 0.3 34970
Axis Liquid Fund 4.4 0.3 27868
ICICI Prudential Liquid Fund 4.4 0.3 46016
Mahindra Manulife Liquid Fund 4.4 0.3 2050
LIC MF Liquid Fund 4.3 0.3 6761

Overnight Debt Mutual Funds

NAME 1Y% ER% AUM
Edelweiss Overnight Fund 3.6 0.2 555
DSP Overnight Fund 3.5 0.2 2463
PGIM India Overnight Fund 3.5 0.2 63
Canara Robeco Overnight Fund 3.5 0.1 101
Mirae Asset Overnight Fund 3.5 0.2 323
Baroda Overnight Fund 3.5 0.1 338
Axis Overnight Fund 3.4 0.1 3736
UTI Overnight Fund 3.4 0.1 6001
JM Overnight Fund 3.4 0.1 115
Nippon India Overnight Fund 3.4 0.2 4173

Ultra Short Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Aditya Birla Sun Life Savings Fund 7.1 0.5 17295
ICICI Prudential Ultra Short Term Fund 6.6 1.0 9030
HDFC Ultra Short Term Fund 6.4 0.6 16434
Mahindra Manulife Ultra Short Term Fund 6.0 0.8 220
SBI Magnum Ultra Short Duration Fund 5.9 0.5 14533
Kotak Savings Fund 5.9 0.8 13560
PGIM India Ultra Short Term Fund 5.7 0.8 296
IDFC Ultra Short Term Fund 5.7 0.4 5606
L&T Ultra Short Term Fund 5.6 0.4 2812
UTI Ultra Short Term Fund 5.3 1.0 1557

Dynamic Bond Debt Mutual Funds

NAME 1Y% ER% AUM
IDFC Dynamic Bond Fund 14.2 1.7 2978
DSP Strategic Bond Fund 13.6 1.2 1788
Axis Dynamic Bond Fund 13.5 0.7 1358
ICICI Prudential All Seasons Bond Fund 12.7 1.5 5039
Kotak Dynamic Bond Fund 12.1 1.2 2071
Baroda Dynamic Bond Fund 11.6 1.5 21
Union Dynamic Bond Fund 11.4 1.5 134
Nippon India Dynamic Bond Fund 11.4 0.8 2403
Quantum Dynamic Bond Fund 11.0 0.8 73
SBI Dynamic Bond Fund 10.9 1.7 2409

Short Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Aditya Birla Sun Life Short Term Fund 11.1 1.1 8532
HDFC Short Term Debt Fund 11.1 0.8 16907
ICICI Prudential Short Term Fund 10.9 1.2 22802
IDFC All Seasons Bond Fund 10.6 0.5 151
UTI Short Term Income Fund 10.5 1.0 3302
Principal Short Term Debt Fund 10.5 1.0 143
BNP Paribas Short Term Fund 10.3 1.1 510
Axis Short Term Fund 10.3 1.0 14362
IDBI Short Term Bond Fund 10.2 1.3 22
Kotak Bond Short Term Regular Fund 10.2 1.1 19164

Gilt Debt Mutual Funds

NAME 1Y% ER% AUM
IDFC Government Securities Fund Investment Plan 15.3 1.2 2178
Edelweiss Government Securities Fund 14.6 1.4 75
DSP Government Securities Fund 14.1 1.1 607
Kotak Gilt Investment Provident Fund and Trust Plan 14.1 1.4 890
Kotak Gilt Investment 14.1 1.5 890
ICICI Prudential Gilt Fund 14.0 1.2 4841
Axis Gilt Fund 13.7 1.0 169
SBI Magnum Gilt Fund 12.6 1.0 4356
Aditya Birla Sun Life Government Securities Fund 12.3 1.2 567
Nippon India Gilt Securities PF 12.2 1.7 2127

Low Duration Debt Mutual Funds

NAME 1Y% ER% AUM
JM Low Duration Fund 26.8 0.5 126
ICICI Prudential Savings Fund 8.6 0.6 30111
HDFC Low Duration Fund 8.2 1.0 24753
Kotak Low Duration Fund Standard Plan 8.0 1.2 14064
Aditya Birla Sun Life Low Duration Fund 7.7 1.2 20981
Tata Treasury Advantage Fund 7.5 0.5 1974
BNP Paribas Low Duration Fund 7.4 1.0 432
Axis Treasury Advantage Fund 7.4 0.6 10178
Nippon India Low Duration Fund 7.4 1.0 9010
UTI Treasury Advantage Fund 7.3 0.5 2991

Medium Duration Debt Mutual Funds

NAME 1Y% ER% AUM
SBI Magnum Medium Duration Fund 12.9 1.3 6080
Tata Medium Term Fund 11.9 1.4 70
IDFC Bond Fund Medium Term Plan 11.2 1.4 4128
Axis Strategic Bond Fund 10.8 1.1 1025
ICICI Prudential Medium Term Bond Fund 10.8 1.7 5866
ICICI Prudential Retirement Fund Pure Debt Plan 10.8 2.1 480
HDFC Medium Term Debt Fund 10.4 1.3 2147
DSP Bond Fund Retail Plan 10.2 0.8 381
L&T Resurgent India Bond Fund 10.0 1.5 794
Indiabulls Income Fund 9.3 0.9 16

Banking And PSU Debt Mutual Funds

NAME 1Y% ER% AUM
Edelweiss Banking and PSU Debt Fund 13.9 0.6 460
Aditya Birla Sun Life Banking & PSU Debt Fund 11.1 0.7 15019
Nippon India Banking & PSU Debt Fund 11.1 0.8 7101
IDFC Banking & PSU Debt Fund 11.0 0.7 20666
DSP Banking & PSU Debt Fund 10.9 0.6 3576
Tata Banking & PSU Debt Fund 10.8 0.7 488
Kotak Banking and PSU Debt Fund 10.8 0.8 10215
SBI Banking and PSU Fund 10.8 0.8 10996
HDFC Banking and PSU Debt Fund 10.7 0.8 10652
L&T Banking and PSU Debt Fund 10.5 0.6 6155

Corporate Bond Debt Mutual Funds

NAME 1Y% ER% AUM
L&T Triple Ace Bond Fund 13.3 0.6 6098
HDFC Corporate Bond Fund 12.1 0.6 26279
Aditya Birla Sun Life Corporate Bond Fund 11.9 0.5 24424
Axis Corporate Debt Fund 11.8 0.9 3131
IDFC Corporate Bond Fund 11.5 0.6 22668
UTI Corporate Bond Fund 11.2 0.6 2533
Sundaram Corporate Bond Fund 11.0 0.5 1358
Union Corporate Bond Fund 11.0 1.0 332
ICICI Prudential Corporate Bond Fund 10.7 0.6 18155
SBI Corporate Bond Fund 10.6 0.8 27761

Credit Risk Debt Mutual Funds

NAME 1Y% ER% AUM
HDFC Credit Risk Debt Fund 11.0 1.8 6480
ICICI Prudential Credit Risk Fund 10.1 1.7 6685
SBI Credit Risk Fund 10.0 1.6 3699
Aditya Birla Sun Life Credit Risk Fund 9.4 1.9 1662
Axis Credit Risk Fund 8.3 1.7 570
Invesco India Credit Risk Fund 8.0 1.5 146
IDFC Credit Risk Fund 7.5 1.7 804
Kotak Credit Risk Fund 6.7 1.7 1851
Mahindra Manulife Credit Risk Fund 5.7 1.9 119
Sundaram Short Term Credit Risk Fund 5.3 1.4 116

Money Market Debt Mutual Funds

NAME 1Y% ER% AUM
Edelweiss Money Market Fund 7.5 1.0 149
Aditya Birla Sun Life Money Manager Fund 6.7 0.3 12717
HDFC Money Market Fund 6.6 0.4 12127
Tata Money Market Fund 6.4 0.4 1279
Axis Money Market Fund 6.3 0.3 2237
ICICI Prudential Money Market Fund 6.3 0.3 12412
UTI Money Market Fund 6.1 0.3 8317
Franklin India Savings Fund Retail Plan 6.1 0.3 1281
Nippon India Money Market Fund 6.0 0.3 7487
Invesco India Money Market Fund 5.8 0.6 624

Medium To Long Duration Debt Mutual Funds

NAME 1Y% ER% AUM
SBI Magnum Income Fund 13.5 1.5 1710
Aditya Birla Sun Life Income Fund 13.2 1.1 1685
Kotak Bond Fund 13.1 1.9 1646
IDFC Bond Fund Income Plan 12.9 2.0 701
Tata Income Fund 12.5 1.9 55
ICICI Prudential Bond Fund 11.9 1.1 4305
Nippon India Income Fund 11.4 1.8 431
JM Income Fund 10.5 1.2 21
Canara Robeco Income Fund 10.4 1.9 153
HDFC Income Fund 9.9 2.3 688

Floater Debt Mutual Funds

NAME 1Y% ER% AUM
Kotak Floating Rate Fund 11.3 0.6 3773
Nippon India Floating Rate Fund 11.3 0.6 15521
ICICI Prudential Floating Interest Fund 9.4 1.4 11473
HDFC Floating Rate Debt Fund 9.2 0.5 14927
Aditya Birla Sun Life Floating Rate Fund 8.6 0.4 7492
UTI Floater Fund 7.5 1.3 2283
Franklin India Floating Rate Fund 5.9 1.0 180

Long Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Nippon India Nivesh Lakshya Fund 15.5 0.6 1646
ICICI Prudential Long Term Bond Fund 12.6 2.0 872

Gilt Constant Duration Debt Mutual Funds

NAME 1Y% ER% AUM
ICICI Prudential Constant Maturity Gilt Fund 14.9 0.4 327
IDFC Government Securities Fund Constant Maturity Plan 14.7 0.6 344
SBI Magnum Constant Maturity Fund 12.7 0.6 809
DSP 10Y GSec Fund 12.6 0.5 45
SBI ETF 10 Year Gilt 9.5 No Data 2

Avg/Max/Min 1 Year Returns (%)

CATEGORY AVG MAX MIN
Liquid Debt Mutual Funds 4.0 5.0 2.4
Overnight Debt Mutual Funds 3.4 3.6 3.2
Ultra Short Duration Debt Mutual Funds 5.2 7.1 3.6
Dynamic Bond Debt Mutual Funds 9.7 14.2 -2.0
Short Duration Debt Mutual Funds 8.5 11.1 -5.9
Gilt Debt Mutual Funds 11.9 15.3 8.7
Low Duration Debt Mutual Funds 6.2 26.8 -11.5
Medium Duration Debt Mutual Funds 6.6 12.9 -23.7
Banking And PSU Debt Mutual Funds 10.1 13.9 5.2
Corporate Bond Debt Mutual Funds 10.1 13.3 3.0
Credit Risk Debt Mutual Funds 0.5 11.0 -44.7
Money Market Debt Mutual Funds 5.7 7.5 3.6
Medium To Long Duration Debt Mutual Funds 10.7 13.5 1.5
Floater Debt Mutual Funds 9.0 11.3 5.9
Long Duration Debt Mutual Funds 14.1 15.5 12.6
Gilt Constant Duration Debt Mutual Funds 12.9 14.9 9.5

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
Ultra Short Duration Debt Mutual Funds 0.8 1.6 0.1
Dynamic Bond Debt Mutual Funds 1.2 1.8 0.2
Short Duration Debt Mutual Funds 1.1 1.5 0.5
Gilt Debt Mutual Funds 1.2 1.8 0.1
Low Duration Debt Mutual Funds 0.8 1.2 0.4
Medium Duration Debt Mutual Funds 1.2 2.2 0.0
Banking And PSU Debt Mutual Funds 0.7 0.8 0.3
Corporate Bond Debt Mutual Funds 0.8 2.2 0.5
Credit Risk Debt Mutual Funds 1.6 1.9 0.6
Money Market Debt Mutual Funds 0.5 1.1 0.2
Medium To Long Duration Debt Mutual Funds 1.6 2.3 0.9
Floater Debt Mutual Funds 0.8 1.4 0.4
Long Duration Debt Mutual Funds 0.5 2.0 0.0
Gilt Constant Duration Debt Mutual Funds 0.5 0.6 0.4

Avg/Max/Min Net Assets (Cr)

CATEGORY AVG MAX MIN
Liquid Debt Mutual Funds 8950 65240 34
Overnight Debt Mutual Funds 2243 13501 9
Ultra Short Duration Debt Mutual Funds 3616 17295 1
Dynamic Bond Debt Mutual Funds 894 5039 8
Short Duration Debt Mutual Funds 5672 22802 22
Gilt Debt Mutual Funds 945 4841 13
Low Duration Debt Mutual Funds 5804 30111 32
Medium Duration Debt Mutual Funds 1780 6080 16
Banking And PSU Debt Mutual Funds 5880 20666 15
Corporate Bond Debt Mutual Funds 7129 27761 5
Credit Risk Debt Mutual Funds 1489 6685 39
Money Market Debt Mutual Funds 4949 23296 1
Medium To Long Duration Debt Mutual Funds 867 4305 21
Floater Debt Mutual Funds 6964 15521 60
Long Duration Debt Mutual Funds 4026 11284 872
Gilt Constant Duration Debt Mutual Funds 305 809 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.