Top Debt Mutual Funds

Debt funds invest in short- and long-term assets such as treasury bills, government securities, debentures, commercial paper, certificates of deposit, and other securities issued by governments, public financial institutions, and businesses.

Bonds and other debt instruments make up the majority of an investment in a debt fund, commonly referred to as an income fund.

The returns on a debt fund are based on the income earned by the underlying investment assets, as well as any changes in interest rates and credit rating during the time frame of the debt fund.

Their goal is to generate the maximum returns on investments within a high margin of safety and security which controls for risk with low transaction costs.

Listed below are 300+ debt mutual funds by top Asset Management Companies (AMCs). You can filter these funds based on your risk appetite, AMC, returns, ratings and benchmark index.
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Total schemes: 416

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"Bank Of India Credit Risk Fund - Regular Plan"
"debt" "credit risk" MODERATELY HIGH
Value Research Rating : 2

Min. investment

Rs. 5000.0

5 Year Returns

25.92%

Invest Now

"Aditya Birla Sun Life Medium Term Plan - Growth - Regular Plan"
"debt" "medium duration" MODERATELY HIGH
Value Research Rating : 5

Min. investment

Rs. 1000.0

5 Year Returns

11.85%

Invest Now

"DSP Credit Risk Fund - Regular Plan -Growth"
"debt" "credit risk" MODERATELY HIGH
Value Research Rating : 5

Min. investment

Rs. 100.0

5 Year Returns

11.13%

Invest Now

"Bank Of India Short Term Income Fund-Regular Plan- Growth"
"debt" "short duration" MODERATE
Value Research Rating : 1

Min. investment

Rs. 1000.0

5 Year Returns

10.11%

Invest Now

"Baroda BNP Paribas Credit Risk Fund -Regular-Growth Option"
"debt" "credit risk" MODERATELY HIGH
Value Research Rating : 4

Min. investment

Rs. 500.0

5 Year Returns

9.57%

Invest Now

"UTI Credit Risk Fund - Regular Plan - Growth Option"
"debt" "credit risk" MODERATELY HIGH
Value Research Rating : 3

Min. investment

Rs. 500.0

5 Year Returns

9.32%

Invest Now

"Aditya Birla Sun Life Credit Risk Fund - Regular Plan - Growth"
"debt" "credit risk" MODERATELY HIGH
Value Research Rating : 4

Min. investment

Rs. 100.0

5 Year Returns

9.24%

Invest Now

"Nippon India Medium Duration Fund - Growth Option"
"debt" "medium duration" MODERATELY HIGH
Value Research Rating : 4

Min. investment

Rs. 100.0

5 Year Returns

9.03%

Invest Now

"HSBC Credit Risk Fund - Regular Growth"
"debt" "credit risk" MODERATELY HIGH
Value Research Rating : 3

Min. investment

Rs. 1000.0

5 Year Returns

8.43%

Invest Now

"UTI Dynamic Bond Fund - Regular Plan - Growth Option"
"debt" "dynamic bond" MODERATE
Value Research Rating : 3

Min. investment

Rs. 500.0

5 Year Returns

8.41%

Invest Now

"UTI Medium To Long Duration Fund- Regular Plan - Growth"
"debt" "medium to long duration" MODERATE
Value Research Rating : 3

Min. investment

Rs. 500.0

5 Year Returns

8.12%

Invest Now

"ICICI Prudential Credit Risk Fund - Growth"
"debt" "credit risk" HIGH
Value Research Rating : 3

Min. investment

Rs. 100.0

5 Year Returns

7.38%

Invest Now
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{amc_logo=/mf/static/kbprofiles/amc/bank_of_india.png, fund_type="credit risk", vr_rating=2, returns_5_yr=25.9186837063914, name="Bank Of India Credit Risk Fund - Regular Plan", amcfundscheme_id=460, type="debt", minimum_investment_amount=5000.0, AMCFund__risk_factor=MODERATELY HIGH, redirectlink=/investments/bank-of-india-credit-risk-fund-regular-plan},{amc_logo=/mf/static/kbprofiles/amc/Aditya_Birla.png, fund_type="medium duration", vr_rating=5, returns_5_yr=11.846816076859, name="Aditya Birla Sun Life Medium Term Plan - Growth - Regular Plan", amcfundscheme_id=2033, type="debt", minimum_investment_amount=1000.0, AMCFund__risk_factor=MODERATELY HIGH, redirectlink=/investments/aditya-birla-sun-life-medium-term-plan-growth-regular-plan},{amc_logo=/mf/static/kbprofiles/amc/DSP.png, fund_type="credit risk", vr_rating=5, returns_5_yr=11.1284130250238, name="DSP Credit Risk Fund - Regular Plan -Growth", amcfundscheme_id=472, type="debt", minimum_investment_amount=100.0, AMCFund__risk_factor=MODERATELY HIGH, redirectlink=/investments/dsp-credit-risk-fund-regular-plan-growth},{amc_logo=/mf/static/kbprofiles/amc/bank_of_india.png, fund_type="short duration", vr_rating=1, returns_5_yr=10.1098234533438, name="Bank Of India Short Term Income Fund-Regular Plan- Growth", amcfundscheme_id=2796, type="debt", minimum_investment_amount=1000.0, AMCFund__risk_factor=MODERATE, redirectlink=/investments/bank-of-india-short-term-income-fund-regular-plan-growth},{amc_logo=/mf/static/kbprofiles/amc/BarodeBNPParibas.jpg, fund_type="credit risk", vr_rating=4, returns_5_yr=9.5673318331024, name="Baroda BNP Paribas Credit Risk Fund -Regular-Growth Option", amcfundscheme_id=446, type="debt", minimum_investment_amount=500.0, AMCFund__risk_factor=MODERATELY HIGH, redirectlink=/investments/baroda-bnp-paribas-credit-risk-fund-regular-growth-option},{amc_logo=/mf/static/kbprofiles/amc/uti.png, fund_type="credit risk", vr_rating=3, returns_5_yr=9.3248236682946, name="UTI Credit Risk Fund - Regular Plan - Growth Option", amcfundscheme_id=619, type="debt", minimum_investment_amount=500.0, AMCFund__risk_factor=MODERATELY HIGH, redirectlink=/investments/uti-credit-risk-fund-regular-plan-growth-option},{amc_logo=/mf/static/kbprofiles/amc/Aditya_Birla.png, fund_type="credit risk", vr_rating=4, returns_5_yr=9.2374583211741, name="Aditya Birla Sun Life Credit Risk Fund - Regular Plan - Growth", amcfundscheme_id=432, type="debt", minimum_investment_amount=100.0, AMCFund__risk_factor=MODERATELY HIGH, redirectlink=/investments/aditya-birla-sun-life-credit-risk-fund-regular-plan-growth},{amc_logo=/mf/static/kbprofiles/amc/nippon_mutual_fund.png, fund_type="medium duration", vr_rating=4, returns_5_yr=9.0300550687893, name="Nippon India Medium Duration Fund - Growth Option", amcfundscheme_id=2141, type="debt", minimum_investment_amount=100.0, AMCFund__risk_factor=MODERATELY HIGH, redirectlink=/investments/nippon-india-medium-duration-fund-growth-option},{amc_logo=/mf/static/kbprofiles/amc/hsbc.png, fund_type="credit risk", vr_rating=3, returns_5_yr=8.4302706379864, name="HSBC Credit Risk Fund - Regular Growth", amcfundscheme_id=26764, type="debt", minimum_investment_amount=1000.0, AMCFund__risk_factor=MODERATELY HIGH, redirectlink=/investments/hsbc-credit-risk-fund-regular-growth},{amc_logo=/mf/static/kbprofiles/amc/uti.png, fund_type="dynamic bond", vr_rating=3, returns_5_yr=8.4136797225386, name="UTI Dynamic Bond Fund - Regular Plan - Growth Option", amcfundscheme_id=869, type="debt", minimum_investment_amount=500.0, AMCFund__risk_factor=MODERATE, redirectlink=/investments/uti-dynamic-bond-fund-regular-plan-growth-option},{amc_logo=/mf/static/kbprofiles/amc/uti.png, fund_type="medium to long duration", vr_rating=3, returns_5_yr=8.123710616434, name="UTI Medium To Long Duration Fund- Regular Plan - Growth", amcfundscheme_id=2329, type="debt", minimum_investment_amount=500.0, AMCFund__risk_factor=MODERATE, redirectlink=/investments/uti-medium-to-long-duration-fund-regular-plan-growth},{amc_logo=/mf/static/kbprofiles/amc/ICICI.png, fund_type="credit risk", vr_rating=3, returns_5_yr=7.3826163220176, name="ICICI Prudential Credit Risk Fund - Growth", amcfundscheme_id=502, type="debt", minimum_investment_amount=100.0, AMCFund__risk_factor=HIGH, redirectlink=/investments/icici-prudential-credit-risk-fund-growth}

What are debt funds?

Who should invest in debt funds?

What are the risks associated with debt funds?

How do Debt Funds work?

How to pick the right fund/scheme?

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ICICI Prudential Mutual Fund
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Nippon India Mutual Fund
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DSP Mutual Fund
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Canara Robeco Mutual Fund
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PPFAS Mutual Fund
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Bandhan Mutual Fund
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Sundaram Mutual Fund
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Motilal Oswal Mutual Fund
Motilal Oswal Mutual Fund
Invesco Mutual Fund
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Navi Mutual Fund
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PGIM India Mutual Fund
PGIM India Mutual Fund
LIC Mutual Fund
LIC Mutual Fund
Quantum Mutual Fund
Quantum Mutual Fund
IDBI Mutual Fund
IDBI Mutual Fund
Mahindra Manulife Mutual Fund
Mahindra Manulife Mutual Fund
360 One Mutual Fund
360 One Mutual Fund
HSBC Mutual Fund
HSBC Mutual Fund
Union Mutual Fund
Union Mutual Fund
Franklin Templeton Mutual Fund
Franklin Templeton Mutual Fund
Tata Mutual Fund
Tata Mutual Fund
Indiabulls Mutual Fund
Indiabulls Mutual Fund
Trust Mutual Fund
Trust Mutual Fund
Shriram Mutual Fund
Shriram Mutual Fund
Aditya Birla Sun Life Mutual Fund
Aditya Birla Sun Life Mutual Fund
ITI Mutual Fund
ITI Mutual Fund
Kotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund
Mirae Asset Mutual Fund
Mirae Asset Mutual Fund
Baroda BNP Mutual Fund
Baroda BNP Mutual Fund
Bank of India Mutual Fund
Bank of India Mutual Fund
Edelweiss Mutual Fund
Edelweiss Mutual Fund
IIFCL Mutual Fund (IDF)
IIFCL Mutual Fund (IDF)
JM Financial Mutual Fund
JM Financial Mutual Fund
quant Mutual Fund
Quant Mutual Fund
Taurus Mutual Fund
Taurus Mutual Fund
WhiteOak Capital Mutual Fund
WhiteOak Capital Mutual Fund

Frequently asked questions

What are Debt mutual funds?

Debt funds invest in all kinds of debt which can also be considered as lending money to the entity issuing the fund, such as treasury-bills, government securities, commercial paper, certificates of deposits, money market instruments, securitised debt, and corporate bonds. These funds have a fixed maturity date and interest rate that the buyers could earn till the maturity of the security. Debt funds invest in a variety of securities, based on their credit ratings. A security’s credit rating signifies the risk of default in disbursing the returns that the debt instrument issuer promised.

Are debt funds tax free?

Short-term capital gains (if the units are sold before 36 months) in debt mutual funds are taxed as per applicable tax rate of the investor. Therefore, if your tax rate is 30% then short-term capital gains tax on debt fund is 30% + 4% cess. Long-term capital gains (if the units are sold after 36 months) in debt fund are taxed at 20% with indexation. Also, Dividends received by investors are added to their overall income and taxed at the income tax slab rate they fall under.

Are debt funds risky?

Debt funds can carry varying levels of risk depending on factors like credit quality, interest rate movements, and fund strategy.

Which debt funds are safest?

Among debt funds, those investing in government securities and top-rated corporate bonds are generally considered the safest options with lower credit risk.

Which debt funds are safe?

Government securities and top-rated corporate bonds are generally considered safer options among debt funds.

How do I choose a debt fund?

Choose a debt fund based on your financial goals, risk tolerance, and investment horizon. Assess factors like fund duration, credit quality, and past performance.

Do debt funds pay dividends?

Yes, debt funds can pay dividends, allowing investors to receive periodic payouts from the fund's income.

Where do debt funds invest my money?

Debt funds invest in fixed-income instruments like government bonds, corporate bonds, and money market securities.

Do debt funds have a lock-in period?

Most debt funds in India do not have a lock-in period, offering flexibility for investors.

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Disclaimer

Bajaj Finance Limited (“BFL”) is a Non-Banking Financial Company carrying the business of acceptance of deposits, providing lending solutions to Retail & Corporate customers, and is a Corporate agent of various insurance Companies. BFL is also registered with the Association of Mutual Funds in India (“AMFI”) as a distributor of third party Mutual Funds (shortly referred as ‘Mutual Funds’).

BFL does NOT:

(i) provide investment advisory services in any manner or form;

(ii) perform risk profiling of the investor;

(iii) carry customized/personalized suitability assessment;

(iv) carry independent research or analysis, including on any Mutual Fund schemes or other investments; and provide any guarantee of return on investment.


In addition to displaying the Mutual fund products of Asset Management Companies, some general information is sourced from third parties, is also displayed on ‘As-is’ basis, which should NOT be construed as any solicitation or attempt to effect transactions in securities or the rendering any investment advice. Mutual Funds are subject to market risks, including loss of principal amount and Investor should read all Scheme /Offer related documents carefully. The NAV of units issued under the Schemes of mutual funds can go up or down depending on the factors and forces affecting capital markets and may also be affected by changes in the general level of interest rates. The NAV of the units issued under the scheme may be affected, inter-alia by changes in the interest rates, trading volumes, settlement periods, transfer procedures and performance of individual securities. The NAV will inter-alia be exposed to Price / Interest Rate Risk and Credit Risk. Past performance of any scheme of the Mutual fund do not indicate the future performance of the Schemes of the Mutual Fund. BFL shall not be responsible or liable for any loss or shortfall incurred by the investors. There may be other / better alternatives to the investment avenues displayed by BFL. Hence, the final investment decision shall at all times exclusively remain with the investor alone and BFL shall not be liable or responsible for any consequences thereof.

Bajaj Finserv Direct Limited, (“BFDL”), a wholly owned subsidiary of Bajaj Finserv Limited (is a Registered with SEBI as an Investment Advisor with Registration no. INA000016083). BFDL enables resident Indian customers to directly invest in third party mutual funds through its online platform. BFDL entered into a referral arrangement with BFL, whereunder, BFL may, without risk or responsibility on its part, refer the resident Indian customers who are interested in placing their investments in Direct Mutual Funds through BFDL online platform. Investment by a person residing outside the territorial jurisdiction of India is not acceptable nor permitted.

Disclaimer on Risk-O-Meter:
Investors are advised before investing to evaluate a scheme not only on the basis of the Product labeling (including the Riskometer) but also on other quantitative and qualitative factors such as performance, portfolio, fund managers, asset manager, etc. and shall also consult their financial advisers, if they are unsure about the suitability of the scheme before investing

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