Best performing debt-oriented mutual fund schemes
DSIJ IntelligenceCategories: MF Unlocked, Mutual Fund
According to SEBI debt-oriented mutual fund schemes are divided into 16 sub-categories.
There are five core schemes of mutual funds such as equity-oriented, debt-oriented, hybrid, solution-oriented and other schemes. These schemes are further divided into various sub-categories. As per the Association of Mutual Funds of India, currently, there are 320 open-ended debt schemes. According to SEBI debt-oriented mutual fund schemes are divided into 16 sub-categories.
Let’s have a look at the same:
| Sub-categories of debt-oriented schemes | Explanation | Best performing funds within the category based on 2 years return (Direct Plan) |
|
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% |
|
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% |
|
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% |
|
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% |
|
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% |
|
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% |
|
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% |
|
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% |
|
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% |
|
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% |
|
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% |
|
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% |
|
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% |
|
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% |
|
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% |
|
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% |