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 15-Jan-2022

Top Performing Debt Mutual Funds in India for next week of 14-Jan-2022. Looking for top performing debt mutual funds in India for 2022? Below are the best performing debt mutual funds in India for 2022, 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 2022? 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 3.9 0.5 455
Navi Liquid Fund 3.4 0.2 86
IDBI Liquid Fund 3.4 0.2 891
Baroda Liquid Fund 3.4 0.3 5176
BNP Paribas Liquid Fund 3.4 0.2 925
JM Liquid Fund 3.3 0.2 979
Mahindra Manulife Liquid Fund 3.3 0.3 1563
Mirae Asset Cash Management Fund 3.3 0.3 3535
Axis Liquid Fund 3.3 0.3 23318
UTI Liquid Cash Fund 3.3 0.2 23039

Overnight Debt Mutual Funds

NAME 1Y% ER% AUM
BOI AXA Overnight Fund 3.2 0.2 19
PGIM India Overnight Fund 3.2 0.1 238
Axis Overnight Fund 3.2 0.1 9000
JM Overnight Fund 3.2 0.1 143
Mirae Asset Overnight Fund 3.2 0.2 533
Baroda Overnight Fund 3.2 0.2 166
Canara Robeco Overnight Fund 3.2 0.1 129
Mahindra Manulife Overnight Fund 3.2 0.2 298
UTI Overnight Fund 3.1 0.1 4998
Invesco India Overnight Fund 3.1 0.2 664

Gilt Debt Mutual Funds

NAME 1Y% ER% AUM
Edelweiss Government Securities Fund 4.4 1.3 118
Aditya Birla Sun Life Government Securities Fund 3.4 0.9 1035
Motilal Oswal 5 Year GSec ETF 3.4 0.1 87
SBI Magnum Gilt Fund 3.2 1.0 3577
DSP Government Securities Fund 3.0 1.1 432
PGIM India Gilt Fund 2.9 1.5 150
ICICI Prudential Gilt Fund 2.7 1.2 3162
Franklin India Government Securities Fund 2.4 1.1 187
Axis Gilt Fund 2.4 1.0 147
IDFC Government Securities Fund Investment Plan 2.2 1.2 1466

Short Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Franklin India Short Term Income Plan Retail Plan 14.4 0.1 548
IDBI Short Term Bond Fund 12.0 0.8 30
UTI Short Term Income Fund 8.7 1.0 3713
Nippon India Short Term Fund 4.7 1.2 9692
Aditya Birla Sun Life Short Term Fund 4.0 1.1 9449
HDFC Short Term Debt Fund 3.9 0.8 18229
Baroda Short Term Bond Fund 3.9 1.1 255
ICICI Prudential Short Term Fund 3.8 1.1 22059
Axis Short Term Fund 3.7 1.0 13768
IDFC All Seasons Bond Fund 3.6 0.5 161

Dynamic Bond Debt Mutual Funds

NAME 1Y% ER% AUM
Franklin India Dynamic Accrual Fund 13.8 0.1 85
UTI Dynamic Bond Fund 10.8 1.6 341
HDFC Dynamic Debt Fund 7.2 1.7 712
IIFL Dynamic Bond Fund 6.0 0.5 722
Aditya Birla Sun Life Active Debt MultiManager FoF Scheme 4.9 0.7 10
Aditya Birla Sun Life Dynamic Bond Fund 4.8 1.7 1547
Axis All Seasons Debt FoF 4.7 0.6 170
Tata Dynamic Bond Fund 4.4 0.7 185
IDBI Dynamic Bond Fund 4.1 1.2 31
ICICI Prudential All Seasons Bond Fund 4.0 1.4 6654

Ultra Short Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Franklin India Ultra Short Bond Fund Super Institutional Plan 11.9 No Data 281
Nippon India Ultra Short Duration Fund 7.9 1.1 3338
UTI Ultra Short Term Fund 6.2 1.0 2161
ICICI Prudential Ultra Short Term Fund 4.1 0.9 11500
Aditya Birla Sun Life Savings Fund 4.1 0.5 14743
YES Ultra Short Term Fund 4.0 0.8 18
IDBI Ultra Short Term Fund 3.9 0.6 310
Baroda Ultra Short Duration Fund 3.8 0.4 142
HDFC Ultra Short Term Fund 3.6 0.6 13642
HSBC Ultra Short Duration Fund 3.6 0.5 1533

Low Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Franklin India Low Duration Fund 16.5 0.1 43
UTI Treasury Advantage Fund 9.1 0.4 3875
Nippon India Low Duration Fund 4.2 1.0 9905
Baroda Treasury Advantage Fund 4.0 0.9 26
Axis Treasury Advantage Fund 3.9 0.6 8358
Tata Treasury Advantage Fund 3.8 0.5 2421
ICICI Prudential Savings Fund 3.8 0.5 26625
Aditya Birla Sun Life Low Duration Fund 3.7 1.2 15125
HDFC Low Duration Fund 3.7 1.0 19527
DSP Low Duration Fund 3.7 0.6 3516

Medium To Long Duration Debt Mutual Funds

NAME 1Y% ER% AUM
UTI Bond Fund 9.4 1.6 290
ICICI Prudential Debt Management Fund (FOF) 3.9 0.7 222
Aditya Birla Sun Life Income Fund 3.9 0.8 3214
SBI Magnum Income Fund 3.5 1.5 1701
ICICI Prudential Bond Fund 2.5 1.2 4007
Kotak Bond Fund 2.1 1.7 2776
Tata Income Fund 1.8 2.0 55
Canara Robeco Income Fund 1.7 1.9 145
HDFC Income Fund 1.6 2.0 773
JM Income Fund 1.5 1.3 18

Medium Duration Debt Mutual Funds

NAME 1Y% ER% AUM
Nippon India Strategic Debt Fund 17.1 2.0 240
Aditya Birla Sun Life Medium Term Plan 6.9 1.6 1536
UTI Medium Term Fund 6.5 1.6 65
ICICI Prudential Medium Term Bond Fund 5.3 1.4 7192
Axis Strategic Bond Fund 5.2 1.1 1841
HDFC Medium Term Debt Fund 4.9 1.3 4313
Tata Medium Term Fund 4.9 1.4 84
BHARAT Bond ETF April 2025 4.6 0.0 9847
BHARAT Bond ETF April 2023 4.6 0.0 4277
Kotak Medium Term Fund 4.6 1.6 3080

Corporate Bond Debt Mutual Funds

NAME 1Y% ER% AUM
Nippon India Corporate Bond Fund 4.9 0.6 3865
PGIM India Premier Bond Fund 4.3 1.0 67
Aditya Birla Sun Life Corporate Bond Fund 4.2 0.5 19392
IDFC Corporate Bond Fund 4.0 0.6 19999
Sundaram Corporate Bond Fund 4.0 0.5 1067
Axis Corporate Debt Fund 4.0 0.9 4697
Franklin India Corporate Debt Fund 3.9 0.8 822
HDFC Corporate Bond Fund 3.9 0.6 28109
ICICI Prudential Corporate Bond Fund 3.9 0.6 19104
Kotak Corporate Bond Fund Standard Plan 3.9 0.7 10768

Banking And PSU Debt Mutual Funds

NAME 1Y% ER% AUM
Edelweiss Banking and PSU Debt Fund 4.2 0.6 440
Nippon India Banking & PSU Debt Fund 4.1 0.8 6156
ITI Banking & PSU Debt Fund 4.0 0.8 17
PGIM India Banking & PSU Debt Fund 4.0 0.8 79
Kotak Banking and PSU Debt Fund 3.9 0.8 9255
ICICI Prudential Banking & PSU Debt Fund 3.9 0.8 12802
IDFC Banking & PSU Debt Fund 3.8 0.6 18236
Aditya Birla Sun Life Banking & PSU Debt Fund 3.8 0.7 14524
Axis Banking & PSU Debt Fund 3.8 0.6 15960
Franklin India Banking & PSU Debt Fund 3.8 0.5 814

Money Market Debt Mutual Funds

NAME 1Y% ER% AUM
Tata Money Market Fund 4.0 0.4 6478
Aditya Birla Sun Life Money Manager Fund 4.0 0.3 16014
Nippon India Money Market Fund 3.9 0.3 8215
HDFC Money Market Fund 3.9 0.4 14598
UTI Money Market Fund 3.9 0.3 7203
Axis Money Market Fund 3.8 0.4 3516
Kotak Money Market Fund 3.8 0.3 10993
ICICI Prudential Money Market Fund 3.8 0.3 12079
DSP Savings Fund 3.7 0.5 2257
Franklin India Savings Fund Retail Plan 3.7 0.3 1012

Credit Risk Debt Mutual Funds

NAME 1Y% ER% AUM
UTI Credit Risk Fund 21.6 1.7 554
Baroda Credit Risk Fund Plan A 19.0 1.6 207
IDBI Credit Risk Fund 15.2 1.4 39
Nippon India Credit Risk Fund 13.4 1.6 1110
Franklin India Credit Risk Fund 13.1 0.1 322
BOI AXA Credit Risk Fund 9.2 1.6 73
PGIM India Credit Risk Fund 8.5 1.8 39
HDFC Credit Risk Debt Fund 6.7 1.6 8979
ICICI Prudential Credit Risk Fund 6.3 1.5 8416
Aditya Birla Sun Life Credit Risk Fund 6.3 1.9 1403

Floater Debt Mutual Funds

NAME 1Y% ER% AUM
Kotak Floating Rate Fund 4.4 0.6 8429
HDFC Floating Rate Debt Fund 4.2 0.5 23584
Nippon India Floating Rate Fund 4.1 0.6 18947
Aditya Birla Sun Life Floating Rate Fund 3.9 0.5 16500
ICICI Prudential Floating Interest Fund 3.7 1.3 14143
UTI Floater Fund 3.4 0.9 3044
Franklin India Floating Rate Fund 3.4 1.0 363
SBI Floating Rate Debt Fund 3.3 0.5 3398

Long Duration Debt Mutual Funds

NAME 1Y% ER% AUM
BHARAT Bond ETF April 2030 4.9 0.0 12771
BHARAT Bond FOF April 2030 4.8 0.1 2830
BHARAT Bond ETF April 2031 4.2 0.0 10565
BHARAT Bond FOF April 2031 4.2 0.1 1967
ICICI Prudential Long Term Bond Fund -0.5 2.0 693
Nippon India Nivesh Lakshya Fund -0.5 0.5 1898

Gilt Constant Duration Debt Mutual Funds

NAME 1Y% ER% AUM
ICICI Prudential Constant Maturity Gilt Fund 2.3 0.4 344
SBI Magnum Constant Maturity Fund 2.0 0.6 711
IDFC Government Securities Fund Constant Maturity Plan 1.4 0.6 283
SBI ETF 10 Year Gilt 0.4 0.1 3
DSP 10Y GSec Fund 0.0 0.5 72

Avg/Max/Min 1 Year Returns (%)

CATEGORY AVG MAX MIN
Liquid Debt Mutual Funds 3.2 3.9 2.4
Overnight Debt Mutual Funds 3.1 3.2 3.0
Gilt Debt Mutual Funds 2.1 4.4 0.1
Short Duration Debt Mutual Funds 4.3 14.4 2.5
Dynamic Bond Debt Mutual Funds 3.8 13.8 1.1
Ultra Short Duration Debt Mutual Funds 3.9 11.9 2.0
Low Duration Debt Mutual Funds 4.4 16.5 3.2
Medium To Long Duration Debt Mutual Funds 2.7 9.4 1.3
Medium Duration Debt Mutual Funds 4.9 17.1 1.8
Corporate Bond Debt Mutual Funds 3.6 4.9 2.0
Banking And PSU Debt Mutual Funds 3.6 4.2 2.8
Money Market Debt Mutual Funds 3.5 4.0 2.9
Credit Risk Debt Mutual Funds 8.9 21.6 2.8
Floater Debt Mutual Funds 3.8 4.4 3.3
Long Duration Debt Mutual Funds 2.9 4.9 -0.5
Gilt Constant Duration Debt Mutual Funds 1.2 2.3 0.0

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
Short Duration Debt Mutual Funds 1.0 1.4 0.1
Dynamic Bond Debt Mutual Funds 1.2 1.8 0.1
Ultra Short Duration Debt Mutual Funds 0.8 1.6 0.4
Low Duration Debt Mutual Funds 0.8 1.2 0.1
Medium To Long Duration Debt Mutual Funds 1.1 2.1 0.1
Medium Duration Debt Mutual Funds 1.1 2.2 0.0
Corporate Bond Debt Mutual Funds 0.8 2.1 0.5
Banking And PSU Debt Mutual Funds 0.7 0.8 0.3
Money Market Debt Mutual Funds 0.5 1.0 0.3
Credit Risk Debt Mutual Funds 1.5 1.9 0.1
Floater Debt Mutual Funds 0.7 1.3 0.5
Long Duration Debt Mutual Funds 0.3 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 8227 71108 23
Overnight Debt Mutual Funds 3102 18458 19
Gilt Debt Mutual Funds 779 3577 4
Short Duration Debt Mutual Funds 5001 22059 21
Dynamic Bond Debt Mutual Funds 981 6654 10
Ultra Short Duration Debt Mutual Funds 3124 14743 16
Low Duration Debt Mutual Funds 5281 26625 26
Medium To Long Duration Debt Mutual Funds 1365 4212 18
Medium Duration Debt Mutual Funds 2521 10974 20
Corporate Bond Debt Mutual Funds 6901 28109 31
Banking And PSU Debt Mutual Funds 4845 18236 17
Money Market Debt Mutual Funds 5603 23354 28
Credit Risk Debt Mutual Funds 1674 8979 39
Floater Debt Mutual Funds 7901 23584 363
Long Duration Debt Mutual Funds 4672 12771 307
Gilt Constant Duration Debt Mutual Funds 283 711 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 2022 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.