Based on 1-year returns, the top performing Low Duration funds are Franklin India Low Duration Fund - Direct Plan with 6.41% return, Mahindra Manulife Low Duration Fund - Direct Plan with 6.03% return, and Nippon India Low Duration Fund - Direct Plan with 5.96% return. The category average 1-year return is 5.83%.
Low Duration Funds
Low-duration debt funds invest in debt & money market instruments with a weighted average maturity (Macaulay duration) between 6 to 12 months.
Total Schemes
35
No. of schemes
Total AUM
₹ 1.42Lakh Cr
As on latest
Category Return (5Y)
6.51 %
CAGR
Benchmark Data
NA
This category currently has no benchmark assigned.
Category Returns (%)
| Period | 1M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | YTD |
|---|---|---|---|---|---|---|---|
Low Duration | 0.25 % | 2.42 % | 5.83 % | 7.25 % | 6.51 % | 6.79 % | 2.01 % |
Benchmark Not Available No benchmark assigned | - | - | - | - | - | - | - |
About Low Duration Funds
What is it?
Low-duration debt funds invest in debt & money market instruments with a weighted average maturity (Macaulay duration) between 6 to 12 months.
Objective
The objective of these funds is to provide better risk-adjusted returns compared to risk-free options in a similar duration by earning interest and capital gains on the investment. These funds will provide better returns than FDs while taking lower risks compared to equity markets.
Suitability and opinion
These funds are suitable for individuals with a low risk tolerance and a short-term horizon of at least 6 months. These funds aim to generate slightly better returns compared to bank FDs of similar tenure. The risk is very low in this category. But we believe that investors can avoid investing in these funds and invest in liquid funds if they want to park their money for up to 1 year. We feel this because debt funds have different categories even in the shorter time duration and this differentiation does not add any value to retail investors.
Low Duration vs Other Categories
5Y CAGR Return Comparison
Key Insights
Low Duration delivered 6.51% CAGR over the last 5 years.
It ranks #5 out of 18 categories based on 5Y performance.
Above the category average return of 6.35%.
4 categories outperform it, while 13 categories have lower returns.
Top performer: Credit Risk (9.97%).
Lowest performer: Long Duration (5.32%).
Let's have a closer look
Now let us jump and check about these top 15 mutual fund schemes.
ICICI Prudential Savings Fund - Direct Plan
Fund Performance: ICICI Prudential Savings Fund - Direct Plan has given 7.44% annualized returns in the past three years and 6.55% in the last 5 years. The ICICI Prudential Savings Fund - Direct Plan comes under the Debt category of ICICI Prudential Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Savings Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 27,700.30Cr
1Y Returns
5.94%
Expense Ratio
0.42%
HDFC Low Duration Fund - Direct Plan
Fund Performance: HDFC Low Duration Fund - Direct Plan has given 7.41% annualized returns in the past three years and 6.58% in the last 5 years. The HDFC Low Duration Fund - Direct Plan comes under the Debt category of HDFC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in HDFC Low Duration Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 21,926.40Cr
1Y Returns
5.89%
Expense Ratio
0.46%
Kotak Low Duration Fund - Standard Plan - Direct Plan
Fund Performance: Kotak Low Duration Fund - Standard Plan - Direct Plan has given 7.38% annualized returns in the past three years and 6.54% in the last 5 years. The Kotak Low Duration Fund - Standard Plan - Direct Plan comes under the Debt category of Kotak Mahindra Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Kotak Low Duration Fund - Standard Plan - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 16,259.00Cr
1Y Returns
5.81%
Expense Ratio
0.40%
SBI Low Duration Fund - Direct Plan
Fund Performance: SBI Low Duration Fund - Direct Plan has given 7.12% annualized returns in the past three years and 6.29% in the last 5 years. The SBI Low Duration Fund - Direct Plan comes under the Debt category of SBI Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in SBI Low Duration Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 13,458.40Cr
1Y Returns
5.55%
Expense Ratio
0.43%
Aditya Birla Sun Life Low Duration Fund - Direct Plan
Fund Performance: Aditya Birla Sun Life Low Duration Fund - Direct Plan has given 7.29% annualized returns in the past three years and 6.58% in the last 5 years. The Aditya Birla Sun Life Low Duration Fund - Direct Plan comes under the Debt category of Aditya Birla Sun Life Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Low Duration Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 100.00
AUM
₹ 13,267.30Cr
1Y Returns
5.78%
Expense Ratio
0.42%
Nippon India Low Duration Fund - Direct Plan
Fund Performance: Nippon India Low Duration Fund - Direct Plan has given 7.31% annualized returns in the past three years and 6.54% in the last 5 years. The Nippon India Low Duration Fund - Direct Plan comes under the Debt category of Nippon India Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Nippon India Low Duration Fund - Direct Plan via lump sum is ₹ 500.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 500.00
AUM
₹ 9,416.72Cr
1Y Returns
5.96%
Expense Ratio
0.38%
Bandhan Low Duration Fund - Direct Plan
Fund Performance: Bandhan Low Duration Fund - Direct Plan has given 6.99% annualized returns in the past three years and 6.13% in the last 5 years. The Bandhan Low Duration Fund - Direct Plan comes under the Debt category of Bandhan Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Bandhan Low Duration Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 6,120.94Cr
1Y Returns
5.60%
Expense Ratio
0.33%
Axis Treasury Advantage Fund - Direct Plan
Fund Performance: Axis Treasury Advantage Fund - Direct Plan has given 7.31% annualized returns in the past three years and 6.46% in the last 5 years. The Axis Treasury Advantage Fund - Direct Plan comes under the Debt category of Axis Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Axis Treasury Advantage Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 6,083.83Cr
1Y Returns
5.95%
Expense Ratio
0.35%
DSP Low Duration Fund - Direct Plan
Fund Performance: DSP Low Duration Fund - Direct Plan has given 7.02% annualized returns in the past three years and 6.20% in the last 5 years. The DSP Low Duration Fund - Direct Plan comes under the Debt category of DSP Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in DSP Low Duration Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 5,108.05Cr
1Y Returns
5.50%
Expense Ratio
0.33%
UTI Low Duration Fund - Direct Plan
Fund Performance: UTI Low Duration Fund - Direct Plan has given 7.13% annualized returns in the past three years and 7.35% in the last 5 years. The UTI Low Duration Fund - Direct Plan comes under the Debt category of UTI Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in UTI Low Duration Fund - Direct Plan via lump sum is ₹ 500.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 500.00
AUM
₹ 3,108.33Cr
1Y Returns
5.77%
Expense Ratio
0.32%
Tata Treasury Advantage Fund - Direct Plan
Fund Performance: Tata Treasury Advantage Fund - Direct Plan has given 7.13% annualized returns in the past three years and 6.26% in the last 5 years. The Tata Treasury Advantage Fund - Direct Plan comes under the Debt category of Tata Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Tata Treasury Advantage Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 2,859.33Cr
1Y Returns
5.77%
Expense Ratio
0.25%
Mirae Asset Low Duration Fund - Direct Plan
Fund Performance: Mirae Asset Low Duration Fund - Direct Plan has given 7.29% annualized returns in the past three years and 6.35% in the last 5 years. The Mirae Asset Low Duration Fund - Direct Plan comes under the Debt category of Mirae Asset Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Low Duration Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 99.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 2,313.74Cr
1Y Returns
5.87%
Expense Ratio
0.19%
LIC MF Low Duration Fund - Direct Plan
Fund Performance: LIC MF Low Duration Fund - Direct Plan has given 7.18% annualized returns in the past three years and 6.27% in the last 5 years. The LIC MF Low Duration Fund - Direct Plan comes under the Debt category of LIC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in LIC MF Low Duration Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 200.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 1,692.22Cr
1Y Returns
5.86%
Expense Ratio
0.23%
Invesco India Low Duration Fund - Direct Plan
Fund Performance: Invesco India Low Duration Fund - Direct Plan has given 7.06% annualized returns in the past three years and 6.17% in the last 5 years. The Invesco India Low Duration Fund - Direct Plan comes under the Debt category of Invesco Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Invesco India Low Duration Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 1,689.94Cr
1Y Returns
5.68%
Expense Ratio
0.32%
Aditya Birla Sun Life CRISIL-IBX Financial Services 9-12 Months Debt Index Fund - Direct Plan
Fund Performance: The Aditya Birla Sun Life CRISIL-IBX Financial Services 9-12 Months Debt Index Fund - Direct Plan comes under the Debt category of Aditya Birla Sun Life Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life CRISIL-IBX Financial Services 9-12 Months Debt Index Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 1,576.10Cr
1Y Returns
5.78%
Expense Ratio
0.15%
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