Best Performing Debt Mutual Funds 12 Nov 2021
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
4.0
0.9
429
IDBI Liquid Fund
3.3
0.2
1006
Mirae Asset Cash Management Fund
3.3
0.3
4119
Baroda Liquid Fund
3.3
0.3
5944
BNP Paribas Liquid Fund
3.3
0.2
1195
Mahindra Manulife Liquid Fund
3.2
0.3
1505
Navi Liquid Fund
3.2
0.2
85
JM Liquid Fund
3.2
0.2
971
Sundaram Money Fund
3.2
0.3
2115
Union Liquid Fund
3.2
0.2
1181
NAME
1Y%
ER%
AUM
Edelweiss Government Securities Fund
5.4
1.3
117
ICICI Prudential Gilt Fund
5.2
1.2
3273
Kotak Gilt Investment Provident Fund and Trust Plan
4.2
1.4
1942
Kotak Gilt Investment
4.2
1.5
1942
Aditya Birla Sun Life Government Securities Fund
4.1
0.9
978
DSP Government Securities Fund
3.8
1.1
436
SBI Magnum Gilt Fund
3.5
1.0
3788
PGIM India Gilt Fund
3.4
1.5
140
Axis Gilt Fund
3.3
1.0
148
HDFC Gilt Fund
3.2
0.9
1556
NAME
1Y%
ER%
AUM
BOI AXA Overnight Fund
3.1
0.2
30
PGIM India Overnight Fund
3.1
0.1
286
Baroda Overnight Fund
3.1
0.2
490
Mirae Asset Overnight Fund
3.1
0.2
508
Axis Overnight Fund
3.1
0.1
12897
Canara Robeco Overnight Fund
3.1
0.1
206
JM Overnight Fund
3.1
0.1
68
UTI Overnight Fund
3.1
0.1
10537
Edelweiss Overnight Fund
3.1
0.2
757
Mahindra Manulife Overnight Fund
3.1
0.2
268
NAME
1Y%
ER%
AUM
Franklin India Dynamic Accrual Fund
16.2
0.1
336
UTI Dynamic Bond Fund
11.5
1.6
293
HDFC Dynamic Debt Fund
8.5
1.8
659
IIFL Dynamic Bond Fund
6.3
0.5
733
Baroda Dynamic Bond Fund
6.2
1.6
19
IDBI Dynamic Bond Fund
5.9
1.2
37
Aditya Birla Sun Life Dynamic Bond Fund
5.7
1.7
1568
Axis All Seasons Debt FoF
5.6
0.6
170
ICICI Prudential All Seasons Bond Fund
5.2
1.4
6544
Aditya Birla Sun Life Active Debt MultiManager FoF Scheme
5.1
0.7
10
NAME
1Y%
ER%
AUM
Franklin India Ultra Short Bond Fund Super Institutional Plan
9.7
No Data
820
Nippon India Ultra Short Duration Fund
8.0
1.1
3443
UTI Ultra Short Term Fund
6.3
0.9
2339
IDBI Ultra Short Term Fund
4.1
0.6
336
ICICI Prudential Ultra Short Term Fund
4.1
0.9
11143
Aditya Birla Sun Life Savings Fund
4.0
0.5
17500
YES Ultra Short Term Fund
3.9
0.8
71
Baroda Ultra Short Duration Fund
3.6
0.4
151
HDFC Ultra Short Term Fund
3.6
0.6
16432
HSBC Ultra Short Duration Fund
3.4
0.5
1812
NAME
1Y%
ER%
AUM
Franklin India Short Term Income Plan Retail Plan
18.1
0.1
1199
Sundaram Short Term Debt Fund
13.1
1.0
353
IDBI Short Term Bond Fund
12.8
0.8
30
UTI Short Term Income Fund
9.0
1.0
4063
Nippon India Short Term Fund
4.9
1.2
10160
ICICI Prudential Short Term Fund
4.7
1.1
20584
HDFC Short Term Debt Fund
4.5
0.8
19407
Aditya Birla Sun Life Short Term Fund
4.5
1.1
10184
Axis Short Term Fund
4.0
1.0
11790
Baroda Short Term Bond Fund
3.9
1.1
262
NAME
1Y%
ER%
AUM
Franklin India Low Duration Fund
15.7
0.1
98
Sundaram Low Duration Fund
11.9
1.0
491
UTI Treasury Advantage Fund
9.1
0.4
5069
Baroda Treasury Advantage Fund
6.4
0.9
29
ICICI Prudential Savings Fund
4.8
0.5
31730
Nippon India Low Duration Fund
4.3
1.0
9621
HDFC Low Duration Fund
4.3
1.0
21669
Axis Treasury Advantage Fund
3.9
0.6
9258
LIC MF Savings Fund
3.9
0.8
1757
Aditya Birla Sun Life Low Duration Fund
3.7
1.2
17415
NAME
1Y%
ER%
AUM
Nippon India Strategic Debt Fund
18.6
2.0
265
Franklin India Income Opportunities Fund
17.2
0.1
226
Aditya Birla Sun Life Medium Term Plan
10.4
1.6
1592
UTI Medium Term Fund
6.8
1.6
67
ICICI Prudential Medium Term Bond Fund
6.0
1.4
7214
Axis Strategic Bond Fund
6.0
1.1
1770
L&T Resurgent India Bond Fund
5.9
1.5
1331
HDFC Medium Term Debt Fund
5.8
1.3
4193
Kotak Medium Term Fund
5.4
1.6
3021
Tata Medium Term Fund
5.3
1.4
71
NAME
1Y%
ER%
AUM
ICICI Prudential Banking & PSU Debt Fund
5.0
0.8
13926
Edelweiss Banking and PSU Debt Fund
4.7
0.6
446
Kotak Banking and PSU Debt Fund
4.6
0.8
9334
HDFC Banking and PSU Debt Fund
4.4
0.8
9470
Nippon India Banking & PSU Debt Fund
4.3
0.8
6659
Aditya Birla Sun Life Banking & PSU Debt Fund
4.1
0.7
18115
PGIM India Banking & PSU Debt Fund
4.1
0.8
80
ITI Banking & PSU Debt Fund
4.1
0.8
22
Tata Banking & PSU Debt Fund
4.0
0.7
474
Franklin India Banking & PSU Debt Fund
4.0
0.5
834
NAME
1Y%
ER%
AUM
Nippon India Corporate Bond Fund
5.1
0.6
4030
ICICI Prudential Corporate Bond Fund
4.8
0.6
20838
HDFC Corporate Bond Fund
4.7
0.6
28807
Aditya Birla Sun Life Corporate Bond Fund
4.7
0.5
20980
Kotak Corporate Bond Fund Standard Plan
4.4
0.7
10858
PGIM India Premier Bond Fund
4.4
0.9
69
Franklin India Corporate Debt Fund
4.3
0.9
831
IDFC Corporate Bond Fund
4.2
0.6
20613
Axis Corporate Debt Fund
4.2
0.9
5589
L&T Triple Ace Bond Fund
4.2
0.6
9502
NAME
1Y%
ER%
AUM
UTI Bond Fund
10.2
1.6
294
ICICI Prudential Debt Management Fund (FOF)
5.4
0.8
184
Aditya Birla Sun Life Income Fund
4.7
0.8
3434
SBI Magnum Income Fund
4.2
1.5
1718
Kotak Bond Fund
4.2
1.7
2904
ICICI Prudential Bond Fund
3.5
1.2
2659
HDFC Income Fund
2.9
2.2
790
Tata Income Fund
2.6
2.0
57
Canara Robeco Income Fund
2.5
1.9
147
Nippon India Income Fund
2.5
1.7
271
NAME
1Y%
ER%
AUM
Tata Money Market Fund
3.9
0.4
7126
Aditya Birla Sun Life Money Manager Fund
3.8
0.3
14819
Nippon India Money Market Fund
3.8
0.3
8408
HDFC Money Market Fund
3.8
0.4
15828
Axis Money Market Fund
3.7
0.4
3810
UTI Money Market Fund
3.7
0.3
9336
ICICI Prudential Money Market Fund
3.7
0.3
13305
Kotak Money Market Fund
3.7
0.3
11454
DSP Savings Fund
3.6
0.5
2685
Franklin India Savings Fund Retail Plan
3.6
0.3
996
NAME
1Y%
ER%
AUM
UTI Credit Risk Fund
22.1
1.6
576
Baroda Credit Risk Fund Plan A
20.1
2.2
205
IDBI Credit Risk Fund
16.9
1.4
40
Franklin India Credit Risk Fund
16.5
0.1
655
Nippon India Credit Risk Fund
14.2
1.6
1012
PGIM India Credit Risk Fund
10.3
1.8
44
BOI AXA Credit Risk Fund
9.7
1.5
74
HDFC Credit Risk Debt Fund
7.8
1.6
8757
Aditya Birla Sun Life Credit Risk Fund
7.7
1.9
1441
ICICI Prudential Credit Risk Fund
6.9
1.6
8304
NAME
1Y%
ER%
AUM
ICICI Prudential Floating Interest Fund
5.3
1.3
15014
Kotak Floating Rate Fund
5.0
0.6
9369
HDFC Floating Rate Debt Fund
4.9
0.5
25466
SBI Floating Rate Debt Fund
4.5
0.5
4473
Nippon India Floating Rate Fund
4.4
0.6
19899
Aditya Birla Sun Life Floating Rate Fund
4.1
0.4
20161
Franklin India Floating Rate Fund
3.9
1.0
408
UTI Floater Fund
3.5
0.9
3161
NAME
1Y%
ER%
AUM
BHARAT Bond ETF April 2030
5.6
0.0
12517
BHARAT Bond FOF April 2030
5.5
0.1
2726
BHARAT Bond ETF April 2031
5.2
0.0
10484
BHARAT Bond FOF April 2031
5.2
0.1
1949
Nippon India Nivesh Lakshya Fund
3.1
0.5
1863
ICICI Prudential Long Term Bond Fund
1.3
2.0
707
NAME
1Y%
ER%
AUM
ICICI Prudential Constant Maturity Gilt Fund
3.7
0.4
378
SBI Magnum Constant Maturity Fund
3.4
0.6
734
IDFC Government Securities Fund Constant Maturity Plan
2.7
0.6
263
SBI ETF 10 Year Gilt
1.6
0.1
3
DSP 10Y GSec Fund
1.4
0.5
51
CATEGORY
AVG
MAX
MIN
Liquid Debt Mutual Funds
3.2
4.0
2.4
Gilt Debt Mutual Funds
3.1
5.4
1.2
Overnight Debt Mutual Funds
3.0
3.1
3.0
Dynamic Bond Debt Mutual Funds
4.7
16.2
1.8
Ultra Short Duration Debt Mutual Funds
3.7
9.7
1.9
Short Duration Debt Mutual Funds
5.0
18.1
2.6
Low Duration Debt Mutual Funds
4.8
15.7
3.2
Medium Duration Debt Mutual Funds
6.2
18.6
2.2
Banking And PSU Debt Mutual Funds
3.9
5.0
2.9
Corporate Bond Debt Mutual Funds
4.0
5.1
2.4
Medium To Long Duration Debt Mutual Funds
3.7
10.2
1.9
Money Market Debt Mutual Funds
3.4
3.9
2.8
Credit Risk Debt Mutual Funds
9.9
22.1
3.0
Floater Debt Mutual Funds
4.5
5.3
3.5
Long Duration Debt Mutual Funds
4.3
5.6
1.3
Gilt Constant Duration Debt Mutual Funds
2.6
3.7
1.4
CATEGORY
AVG
MAX
MIN
Liquid Debt Mutual Funds
0.3
0.9
0.1
Gilt Debt Mutual Funds
1.1
1.9
0.1
Overnight Debt Mutual Funds
0.2
0.3
0.1
Dynamic Bond Debt Mutual Funds
1.2
1.9
0.1
Ultra Short Duration Debt Mutual Funds
0.8
1.6
0.4
Short Duration Debt Mutual Funds
1.0
1.4
0.1
Low Duration Debt Mutual Funds
0.8
1.2
0.1
Medium Duration Debt Mutual Funds
1.1
2.2
0.0
Banking And PSU Debt Mutual Funds
0.7
0.8
0.3
Corporate Bond Debt Mutual Funds
0.8
2.1
0.5
Medium To Long Duration Debt Mutual Funds
1.3
2.2
0.2
Money Market Debt Mutual Funds
0.5
1.0
0.3
Credit Risk Debt Mutual Funds
1.6
2.2
0.1
Floater Debt Mutual Funds
0.7
1.3
0.4
Long Duration Debt Mutual Funds
0.4
2.0
0.0
Gilt Constant Duration Debt Mutual Funds
0.5
0.6
0.1
CATEGORY
AVG
MAX
MIN
Liquid Debt Mutual Funds
7351
49644
35
Gilt Debt Mutual Funds
781
3788
3
Overnight Debt Mutual Funds
4177
24568
16
Dynamic Bond Debt Mutual Funds
975
6544
10
Ultra Short Duration Debt Mutual Funds
3495
17500
21
Short Duration Debt Mutual Funds
4885
20584
26
Low Duration Debt Mutual Funds
5787
31730
29
Medium Duration Debt Mutual Funds
2417
10740
21
Banking And PSU Debt Mutual Funds
5313
18845
22
Corporate Bond Debt Mutual Funds
7619
28807
23
Medium To Long Duration Debt Mutual Funds
1098
3612
25
Money Market Debt Mutual Funds
6054
25902
40
Credit Risk Debt Mutual Funds
1669
8757
40
Floater Debt Mutual Funds
8848
25466
408
Long Duration Debt Mutual Funds
5041
12517
707
Gilt Constant Duration Debt Mutual Funds
286
734
3
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.
