| Sub-categories of debt-oriented schemes |
Explanation |
Best performing funds within the category based on 2 years return (Direct Plan) |
- Overnight Fund
|
This mutual fund scheme is an open-ended scheme pre-dominantly investing in overnight securities having maturity of 1 day. |
PGIM India Overnight Fund – 3.57%
Mirae Asset Overnight Fund – 3.56%
Edelweiss Overnight Fund – 3.55% |
- Liquid Fund
|
This scheme is an open-ended scheme pre-dominantly investing in debt and money-market instruments with maturity up to 91 days. |
Quant Liquid Plan – 5.04%
IDBI Liquid Fund – 4.19%
Edelweiss Liquid Fund – 4.13% |
- Ultra-short Duration Fund
|
This is an open-ended scheme pre-dominantly investing in instruments with Macaulay duration between 3 months and 6 months. |
Nippon India Ultra Short Duration Fund – 7.59%
Franklin India Ultra Short Bond Fund – 7.06%
UTI Ultra Short Term Fund – 6.59% |
- Low Duration Fund
|
This is open-ended scheme pre-dominantly investing in debt and money market instruments such that the Macaulay duration of the portfolio is between 6 months – 12 months. |
JM Low Duration Fund – 12.36%
Sundaram Low Duration Fund – 9.89%
UTI Treasury Advantage Fund – 8.61% |
- Money Market Fund
|
This is an open-ended scheme predominantly investing in debt and money market instruments having maturity up to 1 year. |
Edelweiss Money Market Fund – 5.76%
Aditya Birla Sun Life Money Manager Fund – 5.58%
HDFC Money Market Fund – 5.54% |
- Short Duration Fund
|
This scheme is an open-ended scheme chiefly investing in debt and money market instruments such that Macaulay duration of the portfolio is between 1 year – 3 years |
Sundaram Short Term Debt Fund – 12.20%
UTI Short Term Income Fund – 10.50%
ICICI Prudential Short Term Fund – 8.66% |
- Medium Duration Fund
|
This scheme is an open-ended scheme investing in debt and money market instruments such that the Macaulay duration of the portfolio is between 3 – 4 years. |
ICICI Prudential Medium Term Bond Fund – 9.54%
SBI Magnum Medium Duration Fund – 9.28%
Axis Strategic Bond Fund – 9.14% |
- Medium – Long Duration Fund
|
This scheme is an open-ended scheme chiefly investing in debt and money-market instruments such that Macaulay duration of the portfolio is between 4-7 years. |
Kotak Bond – 8.95%
ICICI Prudential Bond Fund – 8.37%
Nippon India Income Fund – 7.38% |
- Long Duration Fund
|
This is an open-ended scheme predominantly investing in debt and money market instruments such that Macaulay duration of the portfolio is more than 7 years. |
Nippon India Nivesh Lakshya Fund – 7.37%
ICICI Prudential Long Term Bond Fund – 6.81% |
- Dynamic Bond Fund
|
This scheme is an open-ended debt scheme investing across duration. Suitable for investors having moderate risk capacity and investment horizon of 3-5 years. |
ICICI Prudential All Seasons Bond Fund – 9.76%
HDFC Dynamic Debt Fund – 9.47%
UTI-Dynamic Bond Fund – 9.39% |
- Corporate Bond Fund
|
This scheme is an open-ended debt scheme pre-dominantly investing in the highest rated corporate bonds. Minimum 80% of total assets should be invested in corporate bonds. |
L&T Triple Ace Bond Fund – 9.13%
Axis Corporate Debt Fund – 8.83%
HDFC Corporate Bond Fund – 8.51%
|
- Credit Risk Fund
|
This scheme is an open-ended debt scheme investing in below highest rated corporate bonds. Minimum 65% of total assets should be invested in below highest rated corporate bonds. |
Baroda Credit Risk Fund – 11.26%
HDFC Credit Risk Debt Fund – 9.98%
ICICI Prudential Credit Risk Fund – 9.41% |
- Banking and PSU Fund
|
This is an open-ended debt scheme pre-dominantly investing in debt instruments of bank, public sector undertakings, public financial institution. Minimum 80% of total assets should be invested in abovementioned debt instruments. |
Edelweiss Banking and PSU Debt Fund – 9.69%
Nippon India Banking & PSU Debt Fund – 8.22%
Kotak Banking and PSU Debt Fund – 8.19% |
- Gilt Funds
|
This is an open-ended scheme predominantly investing at least 80% of its total assets in government securities across maturity. |
IDFC Government Securities Fund – 8.86%
DSP Government Securities Fund – 8.81%
Aditya Birla Sun
Life Government Securities Fund – 8.55% |
- Gilt Fund with 10 years constant duration
|
This is an open-ended debt scheme chiefly investing in at least 80% of total assets in government securities having constant maturity of 10 years. |
SBI Magnum Constant Maturity Fund – 7.45% |
- Floater Fund
|
This scheme is an open-ended debt scheme pre-dominantly investing in at least 65% of total assets towards floating rate instruments. |
Nippon India Floating Rate Fund – 8.34%
Kotak Floating Rate Fund – 8.30%
ICICI Prudential Floating Interest Fund – 8.27% |