Top Performing Debt Mutual Funds Short Term-Best Debt Funds to Invest in India for Long Term

Top Performing Debt Mutual Funds in India for 04-Dec-2021

Top Performing Debt Mutual Funds in India for next week of 03-Dec-2021. Looking for top performing debt mutual funds in India for 2021? Below are the best performing debt mutual funds in India for 2021, measured by their relative performance. Are these the best debt mutual funds to invest in right now? Is these the best debt mutual funds to invest in India for long term in 2021? 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 4.0 0.5 429
IDBI Liquid Fund 3.4 0.2 1006
Navi Liquid Fund 3.3 0.2 85
Baroda Liquid Fund 3.3 0.3 5944
BNP Paribas Liquid Fund 3.3 0.2 1195
Mirae Asset Cash Management Fund 3.3 0.3 4119
JM Liquid Fund 3.3 0.2 971
Mahindra Manulife Liquid Fund 3.3 0.3 1505
Sundaram Money Fund 3.3 0.3 2115
Union Liquid Fund 3.3 0.2 1181

Overnight Debt Mutual Funds

NAME 1Y% ER% AUM
BOI AXA Overnight Fund 3.2 0.2 30
PGIM India Overnight Fund 3.2 0.1 286
Axis Overnight Fund 3.1 0.1 12897
Baroda Overnight Fund 3.1 0.2 490
JM Overnight Fund 3.1 0.1 68
Mirae Asset Overnight Fund 3.1 0.2 508
Canara Robeco Overnight Fund 3.1 0.1 206
Edelweiss Overnight Fund 3.1 0.2 757
Mahindra Manulife Overnight Fund 3.1 0.2 268
UTI Overnight Fund 3.1 0.1 10537

Gilt Debt Mutual Funds

NAME 1Y% ER% AUM
ICICI Prudential Gilt Fund 5.0 1.2 3273
Edelweiss Government Securities Fund 4.7 1.3 117
Aditya Birla Sun Life Government Securities Fund 4.1 0.9 978
DSP Government Securities Fund 3.6 1.1 436
Kotak Gilt Investment Provident Fund and Trust Plan 3.4 1.4 1942
Kotak Gilt Investment 3.4 1.4 1942
PGIM India Gilt Fund 3.3 1.5 140
HDFC Gilt Fund 3.2 0.9 1556
Axis Gilt Fund 3.2 1.0 148
SBI Magnum Gilt Fund 3.1 1.0 3788

Dynamic Bond Debt Mutual Funds

NAME 1Y% ER% AUM
Franklin India Dynamic Accrual Fund 16.0 0.1 336
UTI Dynamic Bond Fund 11.2 1.6 293
HDFC Dynamic Debt Fund 8.4 1.8 659
Baroda Dynamic Bond Fund 6.0 1.6 19
IIFL Dynamic Bond Fund 6.0 0.5 733
IDBI Dynamic Bond Fund 5.6 1.2 37
Aditya Birla Sun Life Dynamic Bond Fund 5.5 1.7 1568
Axis All Seasons Debt FoF 5.4 0.6 170
Aditya Birla Sun Life Active Debt MultiManager FoF Scheme 4.8 0.7 10
ICICI Prudential All Seasons Bond Fund 4.8 1.4 6544

Ultra Short Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Franklin India Ultra Short Bond Fund Super Institutional Plan 11.6 No Data 820
Nippon India Ultra Short Duration Fund 7.8 1.1 3443
UTI Ultra Short Term Fund 6.2 0.9 2339
IDBI Ultra Short Term Fund 4.0 0.6 336
ICICI Prudential Ultra Short Term Fund 4.0 0.9 11143
YES Ultra Short Term Fund 4.0 0.8 71
Aditya Birla Sun Life Savings Fund 3.9 0.5 17500
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 3.5 0.5 1812

Short Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Franklin India Short Term Income Plan Retail Plan 17.2 0.1 1199
Sundaram Short Term Debt Fund 12.9 1.0 353
IDBI Short Term Bond Fund 12.4 0.8 30
UTI Short Term Income Fund 8.7 1.0 4063
Nippon India Short Term Fund 4.7 1.2 10160
ICICI Prudential Short Term Fund 4.3 1.1 20584
HDFC Short Term Debt Fund 4.3 0.8 19407
Aditya Birla Sun Life Short Term Fund 4.2 1.1 10184
Baroda Short Term Bond Fund 3.9 1.1 262
Axis Short Term Fund 3.8 1.0 11790

Low Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Franklin India Low Duration Fund 18.1 0.1 98
Sundaram Low Duration Fund 11.8 1.0 491
UTI Treasury Advantage Fund 9.0 0.4 5069
Baroda Treasury Advantage Fund 6.3 0.9 29
ICICI Prudential Savings Fund 4.3 0.5 31730
Nippon India Low Duration Fund 4.2 1.0 9621
HDFC Low Duration Fund 4.0 1.0 21669
Axis Treasury Advantage Fund 3.8 0.6 9258
LIC MF Savings Fund 3.8 0.8 1757
Tata Treasury Advantage Fund 3.7 0.5 2668

Medium Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Nippon India Strategic Debt Fund 18.1 2.0 265
Franklin India Income Opportunities Fund 16.2 0.1 226
Aditya Birla Sun Life Medium Term Plan 7.7 1.6 1592
UTI Medium Term Fund 6.6 1.6 67
ICICI Prudential Medium Term Bond Fund 5.8 1.4 7214
Axis Strategic Bond Fund 5.7 1.1 1770
L&T Resurgent India Bond Fund 5.7 1.5 1331
HDFC Medium Term Debt Fund 5.5 1.3 4193
Tata Medium Term Fund 5.3 1.4 71
Kotak Medium Term Fund 5.3 1.6 3021

Banking And PSU Debt Mutual Funds

NAME 1Y% ER% AUM
Edelweiss Banking and PSU Debt Fund 5.0 0.6 446
ICICI Prudential Banking & PSU Debt Fund 4.7 0.8 13926
Kotak Banking and PSU Debt Fund 4.2 0.8 9334
HDFC Banking and PSU Debt Fund 4.1 0.8 9470
Nippon India Banking & PSU Debt Fund 4.1 0.8 6659
Franklin India Banking & PSU Debt Fund 3.9 0.5 834
Invesco India Banking & PSU Debt Fund 3.9 0.7 286
ITI Banking & PSU Debt Fund 3.9 0.8 22
Aditya Birla Sun Life Banking & PSU Debt Fund 3.9 0.7 18115
PGIM India Banking & PSU Debt Fund 3.8 0.8 80

Corporate Bond Debt Mutual Funds

NAME 1Y% ER% AUM
Nippon India Corporate Bond Fund 4.9 0.6 4030
ICICI Prudential Corporate Bond Fund 4.6 0.6 20838
HDFC Corporate Bond Fund 4.5 0.6 28807
Aditya Birla Sun Life Corporate Bond Fund 4.4 0.5 20980
L&T Triple Ace Bond Fund 4.4 0.6 9502
PGIM India Premier Bond Fund 4.2 0.9 69
Kotak Corporate Bond Fund Standard Plan 4.1 0.7 10858
Franklin India Corporate Debt Fund 4.1 0.8 831
IDFC Corporate Bond Fund 4.0 0.6 20613
Axis Corporate Debt Fund 4.0 0.9 5589

Medium To Long Duration Debt Mutual Funds

NAME 1Y% ER% AUM
UTI Bond Fund 9.9 1.6 294
ICICI Prudential Debt Management Fund (FOF) 4.9 0.8 184
Aditya Birla Sun Life Income Fund 4.6 0.8 3434
SBI Magnum Income Fund 4.0 1.5 1718
Kotak Bond Fund 3.5 1.6 2904
ICICI Prudential Bond Fund 3.4 1.2 2659
HDFC Income Fund 2.8 2.0 790
Tata Income Fund 2.7 2.0 57
Canara Robeco Income Fund 2.6 1.9 147
HSBC Debt Fund 2.3 2.1 37

Money Market Debt Mutual Funds

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

Credit Risk Debt Mutual Funds

NAME 1Y% ER% AUM
UTI Credit Risk Fund 21.6 1.6 576
Baroda Credit Risk Fund Plan A 19.7 2.2 205
IDBI Credit Risk Fund 16.7 1.4 40
Franklin India Credit Risk Fund 15.7 0.1 655
Nippon India Credit Risk Fund 13.9 1.7 1012
PGIM India Credit Risk Fund 9.6 1.8 44
BOI AXA Credit Risk Fund 9.4 1.5 74
HDFC Credit Risk Debt Fund 7.5 1.6 8757
Aditya Birla Sun Life Credit Risk Fund 6.9 1.9 1441
ICICI Prudential Credit Risk Fund 6.7 1.6 8304

Floater Debt Mutual Funds

NAME 1Y% ER% AUM
ICICI Prudential Floating Interest Fund 4.7 1.3 15014
HDFC Floating Rate Debt Fund 4.6 0.5 25466
Kotak Floating Rate Fund 4.4 0.6 9369
SBI Floating Rate Debt Fund 4.4 0.5 4473
Nippon India Floating Rate Fund 4.2 0.6 19899
Aditya Birla Sun Life Floating Rate Fund 3.9 0.4 20161
Franklin India Floating Rate Fund 3.7 1.0 408
UTI Floater Fund 3.4 0.9 3161

Long Duration Debt Mutual Funds

NAME 1Y% ER% AUM
BHARAT Bond ETF April 2030 5.7 0.0 12517
BHARAT Bond FOF April 2030 5.7 0.1 2726
BHARAT Bond ETF April 2031 5.3 0.0 10484
BHARAT Bond FOF April 2031 5.3 0.1 1949
Nippon India Nivesh Lakshya Fund 3.1 0.5 1863
ICICI Prudential Long Term Bond Fund 1.2 2.0 707

Gilt Constant Duration Debt Mutual Funds

NAME 1Y% ER% AUM
ICICI Prudential Constant Maturity Gilt Fund 3.8 0.4 378
SBI Magnum Constant Maturity Fund 3.2 0.7 734
IDFC Government Securities Fund Constant Maturity Plan 2.5 0.6 263
SBI ETF 10 Year Gilt 1.8 0.1 3
DSP 10Y GSec Fund 1.5 0.5 51

Avg/Max/Min 1 Year Returns (%)

CATEGORY AVG MAX MIN
Liquid Debt Mutual Funds 3.2 4.0 2.4
Overnight Debt Mutual Funds 3.1 3.2 3.0
Gilt Debt Mutual Funds 2.8 5.0 1.2
Dynamic Bond Debt Mutual Funds 4.5 16.0 1.5
Ultra Short Duration Debt Mutual Funds 3.8 11.6 1.9
Short Duration Debt Mutual Funds 4.8 17.2 2.5
Low Duration Debt Mutual Funds 4.8 18.1 3.1
Medium Duration Debt Mutual Funds 5.8 18.1 2.1
Banking And PSU Debt Mutual Funds 3.7 5.0 2.7
Corporate Bond Debt Mutual Funds 3.8 4.9 2.3
Medium To Long Duration Debt Mutual Funds 3.5 9.9 1.7
Money Market Debt Mutual Funds 3.4 3.9 2.8
Credit Risk Debt Mutual Funds 9.5 21.6 2.9
Floater Debt Mutual Funds 4.2 4.7 3.4
Long Duration Debt Mutual Funds 4.4 5.7 1.2
Gilt Constant Duration Debt Mutual Funds 2.6 3.8 1.5

Avg/Max/Min Expense Ratio (%)

CATEGORY AVG MAX MIN
Liquid Debt Mutual Funds 0.3 0.9 0.1
Overnight Debt Mutual Funds 0.2 0.3 0.1
Gilt Debt Mutual Funds 1.0 1.9 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 1.1 2.1 0.1
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 0.7 0.1

Avg/Max/Min Net Assets (Cr)

CATEGORY AVG MAX MIN
Liquid Debt Mutual Funds 7351 49644 35
Overnight Debt Mutual Funds 4177 24568 16
Gilt Debt Mutual Funds 781 3788 3
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

Appendix

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

Disclaimer

This Top Performing Debt Mutual Funds in India for 2021 were useful for your best performing Debt mutual fund analysis. 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 are just an indication for probabilities of future results. Please read the website disclaimer before using any information available on this website.