Best performing debt-oriented mutual fund schemes

Siddhi Sharma
/ Categories: Mutual Fund, MF Unlocked
Best performing debt-oriented mutual fund schemes 355 0

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)
  1. 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%
  1. 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%
  1. 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%
  1. 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%
  1. 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%
  1. 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%
  1. 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%
  1. 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%
  1. 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%
  1. 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%
  1. 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%
  1. 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%
  1. 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%
  1. 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%
  1. 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%
  1. 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%
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