Based on 1-year returns, the top performing Short Duration funds are ICICI Prudential Short Term Fund Direct Plan-Growth with 6.35% return, Mahindra Manulife Short Duration Fund Direct-Growth with 6.26% return, and Axis Short Duration Fund Direct-Growth with 6.06% return. The category average 1-year return is 5.50%.
Short Duration Funds
Short-duration debt funds invest in debt & money market instruments with a weighted average maturity (Macaulay duration) between 1 to 3 years.
Total Schemes
29
No. of schemes
Total AUM
₹ 1.08Lakh Cr
As on latest
Category Return (5Y)
6.81 %
CAGR
Benchmark Data
NA
This category currently has no benchmark assigned.
Category Returns (%)
| Period | 1M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | YTD |
|---|---|---|---|---|---|---|---|
Short Duration | 0.70 % | 3.25 % | 5.50 % | 7.49 % | 6.81 % | 7.13 % | 3.12 % |
Benchmark Not Available No benchmark assigned | - | - | - | - | - | - | - |
About Short Duration Funds
What is it?
Short-duration debt funds invest in debt & money market instruments with a weighted average maturity (Macaulay duration) between 1 to 3 years.
Objective
The objective of these funds is to provide better risk-adjusted returns compared to risk-free options in a similar duration of 1 to 3 years. 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 1 to 3 years. We believe that these funds have a far lower risk compared to equity funds but their prices can fluctuate if the interest rates change. We feel that this category is the most suitable option for investors if they want some debt exposure in their portfolios. These funds will generate better returns compared to bank FDs but they also carry higher risk compared to bank FDs. The government's decision to remove indexation benefits has adversely affected this category.
Short Duration vs Other Categories
5Y CAGR Return Comparison
Key Insights
Short Duration delivered 6.81% CAGR over the last 5 years.
It ranks #4 out of 18 categories based on 5Y performance.
Above the category average return of 6.61%.
3 categories outperform it, while 14 categories have lower returns.
Top performer: Credit Risk (10.10%).
Lowest performer: Overnight (5.63%).
Let's have a closer look
Now let us jump and check about these top 15 mutual fund schemes.
ICICI Prudential Short Term Fund Direct Plan-Growth
Fund Performance: ICICI Prudential Short Term Fund Direct Plan-Growth has given 7.99% annualized returns in the past three years and 7.27% in the last 5 years. The ICICI Prudential Short Term Fund Direct Plan-Growth comes under the Debt category of ICICI Prudential Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Short Term Fund Direct Plan-Growth via lump sum is ₹ 500.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 500.00
AUM
₹ 19,174.70Cr
1Y Returns
6.35%
Expense Ratio
0.45%
HDFC Short Term Debt Fund Direct Plan-Growth
Fund Performance: HDFC Short Term Debt Fund Direct Plan-Growth has given 7.69% annualized returns in the past three years and 6.71% in the last 5 years. The HDFC Short Term Debt Fund Direct Plan-Growth comes under the Debt category of HDFC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in HDFC Short Term Debt Fund Direct Plan-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 15,008.30Cr
1Y Returns
5.77%
Expense Ratio
0.39%
Kotak Bond Short Term Fund Direct-Growth
Fund Performance: Kotak Bond Short Term Fund Direct-Growth has given 7.60% annualized returns in the past three years and 6.61% in the last 5 years. The Kotak Bond Short Term Fund Direct-Growth comes under the Debt category of Kotak Mahindra Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Kotak Bond Short Term Fund Direct-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 14,360.30Cr
1Y Returns
5.43%
Expense Ratio
0.39%
SBI Short Term Debt Fund Direct-Growth
Fund Performance: SBI Short Term Debt Fund Direct-Growth has given 7.50% annualized returns in the past three years and 6.51% in the last 5 years. The SBI Short Term Debt Fund Direct-Growth comes under the Debt category of SBI Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in SBI Short Term Debt Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 13,975.60Cr
1Y Returns
5.49%
Expense Ratio
0.42%
Bandhan Short Duration Fund Direct-Growth
Fund Performance: Bandhan Short Duration Fund Direct-Growth has given 7.77% annualized returns in the past three years and 6.53% in the last 5 years. The Bandhan Short Duration Fund Direct-Growth comes under the Debt category of Bandhan Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Bandhan Short Duration Fund Direct-Growth via lump sum is ₹ 1,000.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 8,889.05Cr
1Y Returns
5.98%
Expense Ratio
0.36%
Axis Short Duration Fund Direct-Growth
Fund Performance: Axis Short Duration Fund Direct-Growth has given 7.87% annualized returns in the past three years and 6.88% in the last 5 years. The Axis Short Duration Fund Direct-Growth comes under the Debt category of Axis Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Axis Short Duration Fund Direct-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 8,183.49Cr
1Y Returns
6.06%
Expense Ratio
0.40%
Nippon India Short Duration Fund Direct-Growth
Fund Performance: Nippon India Short Duration Fund Direct-Growth has given 7.83% annualized returns in the past three years and 6.83% in the last 5 years. The Nippon India Short Duration Fund Direct-Growth comes under the Debt category of Nippon India Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Nippon India Short Duration Fund Direct-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 7,039.56Cr
1Y Returns
5.84%
Expense Ratio
0.39%
Aditya Birla Sun Life Short Term Direct Fund Direct-Growth
Fund Performance: Aditya Birla Sun Life Short Term Direct Fund Direct-Growth has given 7.80% annualized returns in the past three years and 6.98% in the last 5 years. The Aditya Birla Sun Life Short Term Direct Fund Direct-Growth 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 Short Term Direct Fund Direct-Growth via lump sum is ₹ 1,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 5,792.69Cr
1Y Returns
5.98%
Expense Ratio
0.36%
HSBC Short Duration Fund Direct-Growth
Fund Performance: HSBC Short Duration Fund Direct-Growth has given 7.42% annualized returns in the past three years and 6.24% in the last 5 years. The HSBC Short Duration Fund Direct-Growth comes under the Debt category of HSBC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in HSBC Short Duration Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 4,210.35Cr
1Y Returns
5.39%
Expense Ratio
0.32%
DSP Short Term Fund Direct Plan-Growth
Fund Performance: DSP Short Term Fund Direct Plan-Growth has given 7.40% annualized returns in the past three years and 6.34% in the last 5 years. The DSP Short Term Fund Direct Plan-Growth comes under the Debt category of DSP Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in DSP Short Term Fund Direct Plan-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 3,548.98Cr
1Y Returns
5.35%
Expense Ratio
0.37%
Tata Short Term Bond Fund Direct Plan-Growth
Fund Performance: Tata Short Term Bond Fund Direct Plan-Growth has given 7.30% annualized returns in the past three years and 6.39% in the last 5 years. The Tata Short Term Bond Fund Direct Plan-Growth comes under the Debt category of Tata Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Tata Short Term Bond Fund Direct Plan-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 2,930.92Cr
1Y Returns
5.21%
Expense Ratio
0.37%
UTI Short Duration Direct-Growth
Fund Performance: UTI Short Duration Direct-Growth has given 7.49% annualized returns in the past three years and 7.63% in the last 5 years. The UTI Short Duration Direct-Growth comes under the Debt category of UTI Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in UTI Short Duration Direct-Growth via lump sum is ₹ 500.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 500.00
AUM
₹ 2,128.38Cr
1Y Returns
5.45%
Expense Ratio
0.41%
Invesco India Short Duration Fund Direct-Growth
Fund Performance: Invesco India Short Duration Fund Direct-Growth has given 7.46% annualized returns in the past three years and 6.31% in the last 5 years. The Invesco India Short Duration Fund Direct-Growth comes under the Debt category of Invesco Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Invesco India Short Duration Fund Direct-Growth via lump sum is ₹ 1,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 742.07Cr
1Y Returns
5.45%
Expense Ratio
0.39%
Mirae Asset Short Duration Fund Direct-Growth
Fund Performance: Mirae Asset Short Duration Fund Direct-Growth has given 7.52% annualized returns in the past three years and 6.50% in the last 5 years. The Mirae Asset Short Duration Fund Direct-Growth comes under the Debt category of Mirae Asset Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Short Duration Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 99.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 543.01Cr
1Y Returns
5.34%
Expense Ratio
0.26%
Canara Robeco Short Duration Fund Direct-Growth
Fund Performance: Canara Robeco Short Duration Fund Direct-Growth has given 7.09% annualized returns in the past three years and 6.05% in the last 5 years. The Canara Robeco Short Duration Fund Direct-Growth comes under the Debt category of Canara Robeco Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Canara Robeco Short Duration Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 291.12Cr
1Y Returns
5.33%
Expense Ratio
0.37%
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