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
5.4
1.0
70
IDBI Liquid Fund
5.0
0.2
1340
Franklin India Liquid Fund Super Institutional Plan
4.9
0.2
2132
Mahindra Manulife Liquid Fund
4.8
0.3
2062
Aditya Birla Sun Life Liquid Fund
4.7
0.3
32611
Tata Liquid Fund
4.7
0.3
15556
Union Liquid Fund
4.7
0.2
873
Axis Liquid Fund
4.7
0.3
24817
LIC MF Liquid Fund
4.7
0.3
7836
ICICI Prudential Liquid Fund
4.7
0.3
44170
NAME
1Y%
ER%
AUM
Edelweiss Overnight Fund
3.9
0.2
283
DSP Overnight Fund
3.8
0.2
1797
PGIM India Overnight Fund
3.8
0.2
168
Mirae Asset Overnight Fund
3.8
0.2
248
Canara Robeco Overnight Fund
3.8
0.1
149
Baroda Overnight Fund
3.8
0.2
218
Axis Overnight Fund
3.7
0.1
5347
UTI Overnight Fund
3.7
0.1
7024
Nippon India Overnight Fund
3.7
0.2
4459
Sundaram Overnight Fund
3.7
0.2
853
NAME
1Y%
ER%
AUM
Axis Dynamic Bond Fund
13.5
0.7
992
IDFC Dynamic Bond Fund
12.9
1.7
2686
ICICI Prudential All Seasons Bond Fund
12.6
1.5
4529
DSP Strategic Bond Fund
12.4
1.1
1715
Kotak Dynamic Bond Fund
11.6
1.2
1726
SBI Dynamic Bond Fund
11.4
1.6
2231
Union Dynamic Bond Fund
11.1
1.5
132
L&T Flexi Bond Fund
10.7
1.6
59
Nippon India Dynamic Bond Fund
10.4
0.7
1276
Quantum Dynamic Bond Fund
10.3
0.8
69
NAME
1Y%
ER%
AUM
Aditya Birla Sun Life Savings Fund
7.4
0.5
14532
ICICI Prudential Ultra Short Term Fund
7.2
1.0
7413
HDFC Ultra Short Term Fund
6.7
0.6
11967
Mahindra Manulife Ultra Short Term Fund
6.5
0.8
165
SBI Magnum Ultra Short Duration Fund
6.4
0.5
10122
Kotak Savings Fund
6.3
0.8
11072
IDFC Ultra Short Term Fund
6.2
0.4
4680
PGIM India Ultra Short Term Fund
6.2
0.8
162
L&T Ultra Short Term Fund
6.0
0.4
2315
Axis Ultra Short Term Fund
5.7
1.2
3871
NAME
1Y%
ER%
AUM
HDFC Short Term Debt Fund
11.2
0.8
13569
ICICI Prudential Short Term Fund
10.9
1.2
18946
IDFC All Seasons Bond Fund
10.7
0.6
143
UTI Short Term Income Fund
10.7
1.0
2064
BNP Paribas Short Term Fund
10.5
1.1
261
Aditya Birla Sun Life Short Term Fund
10.4
1.1
5546
Axis Short Term Fund
10.4
1.0
8115
Principal Short Term Debt Fund
10.2
1.0
161
Kotak Bond Short Term Regular Fund
10.2
1.1
14379
Tata Short Term Bond Fund
10.0
1.2
3183
NAME
1Y%
ER%
AUM
JM Low Duration Fund
21.8
0.5
130
ICICI Prudential Savings Fund
8.5
0.6
19922
Kotak Low Duration Fund Standard Plan
8.4
1.1
8418
HDFC Low Duration Fund
8.0
1.0
16796
Aditya Birla Sun Life Low Duration Fund
7.9
1.2
13927
Tata Treasury Advantage Fund
7.8
0.5
1560
UTI Treasury Advantage Fund
7.8
0.4
2753
Axis Treasury Advantage Fund
7.7
0.6
8146
BNP Paribas Low Duration Fund
7.7
1.0
304
Nippon India Low Duration Fund
7.7
1.0
5283
NAME
1Y%
ER%
AUM
IDFC Government Securities Fund Investment Plan
14.0
1.2
1596
ICICI Prudential Gilt Fund
13.3
1.2
4203
DSP Government Securities Fund
12.7
1.0
549
Axis Gilt Fund
12.6
1.0
140
SBI Magnum Gilt Fund
12.2
1.0
3693
Kotak Gilt Investment Provident Fund and Trust Plan
11.9
1.4
840
Kotak Gilt Investment
11.9
1.5
840
Aditya Birla Sun Life Government Securities Fund
11.8
1.2
574
Edelweiss Government Securities Fund
11.6
1.4
61
Nippon India Gilt Securities PF
11.5
1.7
1506
NAME
1Y%
ER%
AUM
SBI Magnum Medium Duration Fund
12.8
1.2
4437
Tata Medium Term Fund
11.6
1.4
61
ICICI Prudential Medium Term Bond Fund
11.2
1.6
5192
ICICI Prudential Retirement Fund Pure Debt Plan
10.5
2.1
457
IDFC Bond Fund Medium Term Plan
10.4
1.4
3786
Axis Strategic Bond Fund
10.4
1.1
887
HDFC Medium Term Debt Fund
9.9
1.3
1302
DSP Bond Fund Retail Plan
9.7
0.7
336
L&T Resurgent India Bond Fund
9.1
1.5
742
Kotak Medium Term Fund
8.6
1.7
1737
NAME
1Y%
ER%
AUM
L&T Triple Ace Bond Fund
13.5
0.6
5301
Aditya Birla Sun Life Corporate Bond Fund
11.8
0.4
20645
HDFC Corporate Bond Fund
11.7
0.6
20526
Axis Corporate Debt Fund
11.7
0.9
1253
UTI Corporate Bond Fund
11.3
0.6
1809
IDFC Corporate Bond Fund
11.3
0.6
18236
Sundaram Corporate Bond Fund
11.1
0.5
1044
ICICI Prudential Corporate Bond Fund
10.9
0.6
15201
Union Corporate Bond Fund
10.7
1.0
314
SBI Corporate Bond Fund
10.5
0.8
25314
NAME
1Y%
ER%
AUM
Edelweiss Banking and PSU Debt Fund
14.0
0.6
374
IDFC Banking & PSU Debt Fund
11.0
0.7
18980
Nippon India Banking & PSU Debt Fund
11.0
0.8
6429
Aditya Birla Sun Life Banking & PSU Debt Fund
10.9
0.7
13264
DSP Banking & PSU Debt Fund
10.9
0.5
4349
Kotak Banking and PSU Debt Fund
10.8
0.7
9277
HDFC Banking and PSU Debt Fund
10.7
0.8
9329
SBI Banking and PSU Fund
10.5
0.8
8953
L&T Banking and PSU Debt Fund
10.4
0.6
4103
Tata Banking & PSU Debt Fund
10.3
0.7
362
NAME
1Y%
ER%
AUM
ICICI Prudential Credit Risk Fund
10.3
1.6
6563
HDFC Credit Risk Debt Fund
10.0
1.7
6189
SBI Credit Risk Fund
9.0
1.6
3721
Invesco India Credit Risk Fund
8.2
1.5
146
Axis Credit Risk Fund
8.2
1.7
566
IDFC Credit Risk Fund
7.7
1.6
795
Mahindra Manulife Credit Risk Fund
6.3
1.9
119
Kotak Credit Risk Fund
6.2
1.8
1905
Sundaram Short Term Credit Risk Fund
5.5
1.4
116
L&T Credit Risk Fund
5.5
1.7
259
NAME
1Y%
ER%
AUM
Aditya Birla Sun Life Money Manager Fund
7.1
0.3
9629
HDFC Money Market Fund
7.0
0.4
10543
Tata Money Market Fund
6.8
0.4
632
Axis Money Market Fund
6.7
0.3
1178
ICICI Prudential Money Market Fund
6.7
0.3
8615
Franklin India Savings Fund Retail Plan
6.5
0.3
1334
UTI Money Market Fund
6.5
0.3
6230
Nippon India Money Market Fund
6.4
0.3
5762
Invesco India Money Market Fund
6.2
0.6
522
SBI Savings Fund
6.2
0.8
21035
NAME
1Y%
ER%
AUM
SBI Magnum Income Fund
13.5
1.5
1519
Tata Income Fund
12.3
1.9
51
Aditya Birla Sun Life Income Fund
12.3
0.9
1465
ICICI Prudential Bond Fund
12.3
1.1
4124
IDFC Bond Fund Income Plan
11.5
2.0
681
Kotak Bond Fund
11.4
1.9
1585
Nippon India Income Fund
10.6
1.8
425
Canara Robeco Income Fund
10.2
1.9
141
ICICI Prudential Debt Management Fund (FOF)
9.6
0.8
166
HDFC Income Fund
9.4
2.2
676
NAME
1Y%
ER%
AUM
Nippon India Floating Rate Fund
11.2
0.6
12372
Kotak Floating Rate Fund
10.3
0.6
1585
ICICI Prudential Floating Interest Fund
9.2
1.3
9844
HDFC Floating Rate Debt Fund
9.0
0.5
13351
Aditya Birla Sun Life Floating Rate Fund
8.8
0.4
7110
UTI Floater Fund
7.7
1.3
1869
Franklin India Floating Rate Fund
6.4
1.0
163
NAME
1Y%
ER%
AUM
ICICI Prudential Long Term Bond Fund
12.2
2.0
1073
Nippon India Nivesh Lakshya Fund
11.8
0.6
1566
NAME
1Y%
ER%
AUM
ICICI Prudential Constant Maturity Gilt Fund
14.0
0.4
272
IDFC Government Securities Fund Constant Maturity Plan
13.6
0.6
308
DSP 10Y GSec Fund
12.3
0.5
43
SBI Magnum Constant Maturity Fund
11.7
0.6
745
SBI ETF 10 Year Gilt
8.7
0.1
2
CATEGORY
AVG
MAX
MIN
Liquid Debt Mutual Funds
4.4
5.4
2.2
Overnight Debt Mutual Funds
3.7
3.9
3.4
Dynamic Bond Debt Mutual Funds
8.9
13.5
-4.2
Ultra Short Duration Debt Mutual Funds
5.6
7.4
4.0
Short Duration Debt Mutual Funds
8.2
11.2
-9.9
Low Duration Debt Mutual Funds
5.9
21.8
-15.4
Gilt Debt Mutual Funds
10.9
14.0
7.8
Medium Duration Debt Mutual Funds
5.3
12.8
-25.5
Corporate Bond Debt Mutual Funds
10.1
13.5
2.5
Banking And PSU Debt Mutual Funds
10.1
14.0
5.3
Credit Risk Debt Mutual Funds
-0.5
10.3
-44.0
Money Market Debt Mutual Funds
6.1
7.1
4.2
Medium To Long Duration Debt Mutual Funds
9.8
13.5
0.7
Floater Debt Mutual Funds
8.9
11.2
6.4
Long Duration Debt Mutual Funds
12.0
12.2
11.8
Gilt Constant Duration Debt Mutual Funds
12.0
14.0
8.7
CATEGORY
AVG
MAX
MIN
Liquid Debt Mutual Funds
0.3
1.0
0.1
Overnight Debt Mutual Funds
0.2
0.3
0.1
Dynamic Bond Debt Mutual Funds
1.2
1.8
0.2
Ultra Short Duration Debt Mutual Funds
0.8
1.6
0.1
Short Duration Debt Mutual Funds
1.1
1.4
0.6
Low Duration Debt Mutual Funds
0.8
1.2
0.4
Gilt Debt Mutual Funds
1.2
1.8
0.1
Medium Duration Debt Mutual Funds
1.2
2.2
0.0
Corporate Bond Debt Mutual Funds
0.8
2.3
0.4
Banking And PSU Debt Mutual Funds
0.7
0.8
0.3
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
2.2
0.8
Floater Debt Mutual Funds
0.8
1.3
0.4
Long Duration Debt Mutual Funds
0.5
2.0
0.0
Gilt Constant Duration Debt Mutual Funds
0.5
0.6
0.1
CATEGORY
AVG
MAX
MIN
Liquid Debt Mutual Funds
8154
63544
15
Overnight Debt Mutual Funds
2797
19566
15
Dynamic Bond Debt Mutual Funds
760
4529
7
Ultra Short Duration Debt Mutual Funds
3011
14532
20
Short Duration Debt Mutual Funds
4510
18946
20
Low Duration Debt Mutual Funds
4081
19922
24
Gilt Debt Mutual Funds
789
4203
12
Medium Duration Debt Mutual Funds
1606
5797
26
Corporate Bond Debt Mutual Funds
5737
25314
7
Banking And PSU Debt Mutual Funds
5573
18980
21
Credit Risk Debt Mutual Funds
1473
6563
38
Money Market Debt Mutual Funds
4186
21035
1
Medium To Long Duration Debt Mutual Funds
814
4124
35
Floater Debt Mutual Funds
6613
13351
163
Long Duration Debt Mutual Funds
3715
10210
896
Gilt Constant Duration Debt Mutual Funds
274
745
2
1Y% = 1 Year Returns (%)
ER% = Expense Ratio (%)
AUM = Net Assets (Cr)
AVG = Category Average
MAX = Category Maximum
MIN = Category Minimum
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.
