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

Best Performing Debt Mutual Funds (Updated On 24 Oct 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 5.4 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

Overnight Debt Mutual Funds

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

Dynamic Bond Debt Mutual Funds

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

Ultra Short Duration Debt Mutual Funds

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

Short Duration Debt Mutual Funds

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

Low Duration Debt Mutual Funds

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

Gilt Debt Mutual Funds

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

Medium Duration Debt Mutual Funds

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

Corporate Bond Debt Mutual Funds

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

Banking And PSU Debt Mutual Funds

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

Credit Risk Debt Mutual Funds

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

Money Market Debt Mutual Funds

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

Medium To Long Duration Debt Mutual Funds

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

Floater Debt Mutual Funds

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

Long Duration Debt Mutual Funds

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

Gilt Constant Duration Debt Mutual Funds

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

Avg/Max/Min 1 Year Returns (%)

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

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
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

Avg/Max/Min Net Assets (Cr)

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

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.