Best Debt Funds

Debt funds are a popular investment option for those seeking stability and steady returns. These funds primarily invest in fixed-income securities such as government bonds, corporate bonds, and other money market instruments which makes them highly liquid. They are managed by professional fund managers who aim to optimize returns while managing risk.

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Debt
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10 Year
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Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Pure Fund
Fund Size: 494 Cr
494 Cr
48.34 -0.81%
17.28% Highest Returns
13.44%
15.3%
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Builder
Fund Size: 242 Cr
242 Cr
85.73 -0.29%
7.91%
7.8%
8.81% Highest Returns
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Whole Life Income Fund
Fund Size: 786 Cr
786 Cr
36.83 -0.04%
6.88%
7.04%
8.1% Highest Returns
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Protector
Fund Size: 302 Cr
302 Cr
61.74 -0.17%
6.8%
6.84%
7.79% Highest Returns
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Debt Fund
Fund Size: 465 Cr
465 Cr
34.91 -0.06%
6.93%
6.87%
7.78% Highest Returns
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Dynamic Gilt Fund
Fund Size: 198 Cr
198 Cr
43.4 -0.08%
6.07%
6.49%
7.77% Highest Returns
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Income Advantage
Fund Size: 825 Cr
825 Cr
38.25 -0.08%
6.78%
6.9%
7.76% Highest Returns
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Conservative Fund
Fund Size: 239 Cr
239 Cr
52.82 -0.12%
7.43%
6.86%
7.73% Highest Returns
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Secure Plus Fund
Fund Size: 337 Cr
337 Cr
30.55 -0.04%
6.82%
6.61%
7.69% Highest Returns
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Steady Money Fund
Fund Size: 76 Cr
76 Cr
37.12 -0.05%
6.22%
6.36%
7.59% Highest Returns
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Dynamic Bond Fund
Fund Size: 1,407 Cr
1,407 Cr
46.88 -0.07%
6.2%
6.39%
7.55% Highest Returns
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Bond Fund
Fund Size: 111 Cr
111 Cr
26.64 -0.03%
6.98%
6.55%
7.5% Highest Returns
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Income Fund
Fund Size: 8,794 Cr
8,794 Cr
29.47 -0.04%
6.02%
6.29%
7.42% Highest Returns
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Secure Fund
Fund Size: 1,016 Cr
1,016 Cr
42.42 -0.06%
6.58%
6.17%
7.36% Highest Returns
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Preserver II
Fund Size: 78 Cr
78 Cr
26.82 -0.04%
6.21%
6.03%
6.97% Highest Returns
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Assure
Fund Size: 276 Cr
276 Cr
42.65 -0.04%
6.05%
6.4%
6.92% Highest Returns
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Protector II
Fund Size: 762 Cr
762 Cr
27.32 -0.04%
5.92%
5.62%
6.76% Highest Returns
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Whole Life Short-Term Fixed Income Fund
Fund Size: 230 Cr
230 Cr
32.4 -0.02%
5.71%
6.06%
6.71% Highest Returns
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Future Income Fund
Fund Size: 81 Cr
81 Cr
34.1 -0.05%
5.19%
5.35%
6.66% Highest Returns
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Money Market Fund
Fund Size: 390 Cr
390 Cr
32.63 -0.01%
5.11%
5.53%
6.33% Highest Returns
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Liquid Plus
Fund Size: 267 Cr
267 Cr
21.54 0.00%
5%
5.5%
6.12% Highest Returns
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Dynamic Floating Rate Fund
Fund Size: 20 Cr
20 Cr
35.6 -0.01%
4.83%
5.15%
5.99% Highest Returns
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Bond Fund-II
Fund Size: 68 Cr
68 Cr
25.49 -0.03%
5.06%
4.39%
5.99% Highest Returns
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Liquid Fund
Fund Size: 74 Cr
74 Cr
74.2 -0.01%
4.41%
4.75%
5.5% Highest Returns
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Safe Money Fund
Fund Size: 61 Cr
61 Cr
23.21 -0.01%
4.07%
4.46%
5.22% Highest Returns
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Best ULIP Funds - Consider the best performing ULIP funds to invest in 2024 with Policybazaar. Find the list of best ULIP funds in India on the basis of Returns, Latest Nav, Fund Size and Categories

Data source : value research

Returns as on 22-06-2024. The returns are the returns of best-performing fund in the plan

Best Debt Mutual Funds^^

Let us explore some of the Best Debt Fund options available in the market:

Fund Name 1-Year Return 3-Years Return 5-Years Return
Bank of India Short Term Income Fund 13.93% p.a. 11.94% 4.11%
Nippon India Income Fund 8.64% p.a. 5.26% 8.30%
DSP 10Y G-Sec Fund 8.65% p.a. 3.21% 7.34%
UTI Gilt Fund with 10 year Constant Duration 8.49% p.a. 3.21% 7.34%
ICICI Prudential Constant Maturity Gilt Fund 8.46% p.a. 4.47% 8.85%
SBI Magnum Income Fund 8.35% p.a. 5.73% 8.40%
SBI Magnum Constant Maturity Fund 8.47% p.a. 4.42% 8.25%
Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund 8.09% p.a. - -
BHARAT Bond ETF FOF - April 2032 6.78% p.a. - -
LIC MF Medium to Long Duration Bond Fund 7.75% p.a. 4.40% 7.11%

As of September 2023

Best Debt Funds

Fund Name Fund Size NAV 5-Years 7-Years 10-Years
IDBI Federal Life Insurance Pure Fund Rs. 410 Crores 38.52% 12.07% 11.99% 15.37%
Aditya Birla Capital Builder Rs. 250 Crores 79.80% 8.27% 7.69% 9.34%
Tata AIA Life Insurance Whole Life Income Fund Rs. 794 Crores 34.74% 7.84% 6.89% 8.31%
Edelweiss Tokio Bond Fund Rs. 110 Crores 23.35% 6.34% 8.12% 8.06%
Aditya Birla Capital Protector Rs. 298 Crores 57.98% 7.52% 6.73% 8.19%
Bharti AXA Steady Money Fund Rs. 72 Crores 35.06% 7.14% 6.32% 7.87%
Aditya Birla Capital Income Advantage Rs. 820 Crores 32.00% 7.78% 6.59% 7.88%
ICICI Prudential Income Fund Rs. 10,373 Crores 25.81% 5.82% 7.23% 7.82%
Canara HSBC Debt Fund Rs. 446 Crores 33.10% 8.16% 6.72% 8.04%
Kotak Life Dynamic Bond Fund Rs. 1,527 Crores 44.44% 7.55% 6.31% 7.87%

As of September 2023

IDBI Federal Life Insurance Pure Fund

Following are the main highlights of Ageas Federal Life Insurance Pure Fund:

  • The date of inception of this fund is 1st September 2010.

  • The total fund size is Rs. 410 crores approximately.

  • The current 1 day returns are 0.09%, and the Net Asset Value (NAV) stands at 38.58%.

  • 5 year returns under this fund are 12.07%, 7 years is 11.99%, whereas the highest 10 year returns under the fund are 15.37%.

Tata AIA Life Insurance Whole Life Income Fund

Tata AIA Life Insurance Whole Life Income Fund is a ULIP (Unit Linked Insurance Plan) fund that principally invests in fixed income instruments in the market. Following are the main highlights of Tata AIA Life Insurance Whole Life Income Fund:

  • The date of inception of this fund is 3rd May 2018.

  • The total fund size is Rs. 794 crores approximately.

  • The Net Asset Value (NAV) stands at 34.74%.

  • 5 year returns under this fund are 7.84%, 7 years is 6.89%, whereas the highest 10 year returns under the fund are 8.31%.

People Also Read: Max Life Nifty Small Cap Fund

Edelweiss Tokio Bond Fund

Following are the main highlights of the Edelweiss Tokio Bond Fund:

  • The date of inception of the Edelweiss Tokio Bond Fund is 28th July 2011.

  • The total fund size is Rs. 110 crores approximately.

  • The Net Asset Value (NAV) stands at 25.41%.

  • 5 year returns under this fund are 6.81%, 7 years’ highest return under this fund is 6.62%, whereas the 10 year returns are 7.84%.

ICICI Prudential Income Fund

Following are the main highlights of ICICI Prudential Income Fund:

  • The date of inception of the ICICI Prudential Income Fund is 23rd December 2009.

  • Total fund size is Rs. 9,589 crores approximately.

  • The Net Asset Value (NAV) stands at 27.95%.

  • 5 year returns under this fund are 6.99%, 7 years is 6.31%, whereas the highest 10 year returns under the fund are 7.62%.

People Also Read: Nifty Midcap 150

Kotak Life Dynamic Bond Fund

Kotak Life Dynamic Bond Fund is a fund scheme by Kotak Mahindra with a fund size of approximately Rs. 1,527 crores. Following are the main highlights of Kotak Life Dynamic Bond Fund:

  • The date of inception of Kotak Life Dynamic Bond Fund is 1st January 2013.

  • The Net Asset Value (NAV) stands at 44.44%.

  • 5 year returns under this fund are 7.55%, 7 years’ highest return under this fund is 6.31%, whereas the 10 year returns are 7.87%.

People Also Read: ICICI Prudential Nifty Midcap 150

To conclude!

Debt Funds are great investment options for investors looking forward to investing their money in safe money making instruments in the market. Investors generally opt for debt funds for capital appreciation and guaranteed moderate returns. It is important to always check returns on your investments using the SIP Calculator and it is crucial to have a market understanding before making any kind of investments.

FAQ's

  • Are debt funds better than FD?

    It depends on your financial goals and risk tolerance. Debt funds generally offer potentially higher returns than FDs but come with some level of market risk. FDs, on the other hand, offer fixed returns but tend to have lower interest rates. Consider your risk appetite and investment horizon before deciding.
  • Are debt funds tax free?

    No, debt funds are not entirely tax-free in India. They are subject to capital gains tax based on the holding period. Short-term gains (held for less than 3 years) are taxed as per your income tax slab, while long-term gains (held for more than 3 years) are taxed at 20% with indexation benefits.
  • Is it a good time to buy debt funds?

    Market timing is hard to predict. It's important to base investment decisions on your financial goals, risk tolerance, and investment horizon rather than trying to time the market. Consulting with a financial advisor like Policybazaar can help you make an informed decision based on your individual circumstances.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Tax benefit is subject to changes in tax laws
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ?2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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