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.
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
1Y% = 1 Year Returns (%)
ER% = Expense Ratio (%)
AUM = Net Assets (Cr)
AVG = Category Average
MAX = Category Maximum
MIN = Category Minimum
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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.
