Securities and Exchange Board of India (SEBI) introduced new and broad categories in Mutual Funds in order to bring uniformity in similar schemes launched by the different Mutual Funds. This is to aim and ensure that investors can find it easier to compare the products and evaluate the different options available before Investing in a scheme.
SEBI intends to make Mutual Fund investment easier for the investors. Investors could invest according to their needs, Financial goals and risk ability. SEBI has circulated new Mutual Fund categorisation on 6th October 2017. This mandates Mutual Fund Houses to categories all their debt schemes (existing & future scheme) into 16 distinct categories. SEBI has also introduced 10 new categories in Equity Mutual Funds.
As per SEBI’s new categorisation, Debt fund schemes will have 16 categories. Here’s the list:
This debt scheme will invest in overnight securities having a maturity of one day.
These schemes will invest in debt and money market securities with a maturity of up to 91 days.
This scheme will invest in debt and money Market securities with a Macaulay duration between three to six months. Macaulay duration measures how long it will take the scheme to recoup the investment.
The scheme will invest in debt and money market securities with a Macaulay duration between six to 12 months.
This scheme will invest in money market instruments having a maturity up to one year.
This scheme will invest in debt and money market instruments with a Macaulay duration of one to three years.
This scheme will invest in debt and money market instruments with a Macaulay duration of three to four years.
This scheme will invest in debt and money market instruments with a Macaulay duration of four to seven years.
This scheme will invest in debt and money market instruments with a Macaulay duration greater than seven years.
This is a debt scheme that invests across all the duration.
Talk to our investment specialist
This debt scheme mainly invests in the highest rated corporate Bonds. The fund can invest a minimum 80 percent of its total assets in the highest-rated corporate bonds
This scheme will invest in below the high-rated corporate bonds. The Credit Risk Fund should invest at least 65 percent of its assets below the highest-rated instruments.
This scheme predominantly invests in debt instruments of Banks, Public Financial Institutional, Public Sector Undertakings.
This scheme invests in government securities across maturity. Gilt Funds will invest a minimum 80 percent of its total assets in government securities.
This scheme will invest in government securities with a maturity of 10 years. 15. Gilt Fund with 10-year Constant Duration will invest a minimum 80 percent in government securities.
This debt scheme mainly invests in Floating Rate instruments. Floater Fund will invest a minimum of 65 percent of its total assets in floating rate instruments.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2024 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Axis Credit Risk Fund Growth ₹21.7127
↑ 0.01 ₹367 1.5 4.9 8.6 7.6 8 7.81% 1Y 11M 26D 2Y 3M 29D PGIM India Credit Risk Fund Growth ₹15.5876
↑ 0.00 ₹39 0.6 4.4 8.4 3 5.01% 6M 14D 7M 2D UTI Banking & PSU Debt Fund Growth ₹22.1993
↑ 0.00 ₹810 1.1 4.7 8.1 7.1 7.6 6.47% 1Y 9M 11D 2Y 11D HDFC Corporate Bond Fund Growth ₹32.8376
↑ 0.03 ₹35,968 0.3 4.4 8 7.6 8.6 6.88% 4Y 2M 12D 6Y 9M 11D Aditya Birla Sun Life Corporate Bond Fund Growth ₹113.886
↑ 0.12 ₹28,598 0.3 4.2 8 7.7 8.5 6.9% 4Y 6M 11D 6Y 10M 17D ICICI Prudential Long Term Plan Growth ₹37.2323
↑ 0.07 ₹15,051 0.4 4.2 7.9 7.7 8.2 7.32% 3Y 8M 5D 9Y 7M 6D Aditya Birla Sun Life Savings Fund Growth ₹555.25
↑ 0.08 ₹20,795 1.6 4.1 7.9 7.4 7.9 6.6% 5M 26D 7M 2D Aditya Birla Sun Life Money Manager Fund Growth ₹374.97
↑ 0.06 ₹29,515 1.6 4.1 7.8 7.5 7.8 6.17% 5M 19D 5M 19D HDFC Banking and PSU Debt Fund Growth ₹23.2149
↑ 0.02 ₹5,935 0.4 4.5 7.8 7.2 7.9 6.78% 3Y 6M 7D 5Y 1M 17D Indiabulls Liquid Fund Growth ₹2,551.51
↑ 0.41 ₹393 1.5 3.3 7 6.9 7.4 5.77% 1M 10D 1M 11D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Sep 25 Research Highlights & Commentary of 10 Funds showcased
Commentary Axis Credit Risk Fund PGIM India Credit Risk Fund UTI Banking & PSU Debt Fund HDFC Corporate Bond Fund Aditya Birla Sun Life Corporate Bond Fund ICICI Prudential Long Term Plan Aditya Birla Sun Life Savings Fund Aditya Birla Sun Life Money Manager Fund HDFC Banking and PSU Debt Fund Indiabulls Liquid Fund Point 1 Bottom quartile AUM (₹367 Cr). Bottom quartile AUM (₹39 Cr). Lower mid AUM (₹810 Cr). Highest AUM (₹35,968 Cr). Upper mid AUM (₹28,598 Cr). Upper mid AUM (₹15,051 Cr). Upper mid AUM (₹20,795 Cr). Top quartile AUM (₹29,515 Cr). Lower mid AUM (₹5,935 Cr). Bottom quartile AUM (₹393 Cr). Point 2 Established history (11+ yrs). Established history (10+ yrs). Established history (11+ yrs). Established history (15+ yrs). Oldest track record among peers (28 yrs). Established history (15+ yrs). Established history (22+ yrs). Established history (19+ yrs). Established history (11+ yrs). Established history (13+ yrs). Point 3 Top rated. Rating: 5★ (top quartile). Rating: 5★ (upper mid). Rating: 5★ (upper mid). Rating: 5★ (upper mid). Rating: 5★ (lower mid). Rating: 5★ (lower mid). Rating: 5★ (bottom quartile). Rating: 5★ (bottom quartile). Rating: 5★ (bottom quartile). Point 4 Risk profile: Moderate. Risk profile: Moderate. Risk profile: Moderate. Risk profile: Moderately Low. Risk profile: Moderately Low. Risk profile: Moderate. Risk profile: Moderately Low. Risk profile: Low. Risk profile: Moderately Low. Risk profile: Low. Point 5 1Y return: 8.63% (top quartile). 1Y return: 8.43% (top quartile). 1Y return: 8.14% (upper mid). 1Y return: 8.02% (upper mid). 1Y return: 7.99% (upper mid). 1Y return: 7.94% (lower mid). 1Y return: 7.93% (lower mid). 1Y return: 7.84% (bottom quartile). 1Y return: 7.84% (bottom quartile). 1Y return: 6.95% (bottom quartile). Point 6 1M return: 0.47% (top quartile). 1M return: 0.27% (upper mid). 1M return: 0.16% (lower mid). 1M return: -0.22% (bottom quartile). 1M return: -0.24% (bottom quartile). 1M return: -0.15% (lower mid). 1M return: 0.43% (upper mid). 1M return: 0.43% (upper mid). 1M return: -0.20% (bottom quartile). 1M return: 0.47% (top quartile). Point 7 Sharpe: 2.44 (upper mid). Sharpe: 1.73 (lower mid). Sharpe: 1.86 (upper mid). Sharpe: 1.46 (bottom quartile). Sharpe: 1.54 (lower mid). Sharpe: 1.53 (bottom quartile). Sharpe: 3.76 (top quartile). Sharpe: 3.35 (top quartile). Sharpe: 1.31 (bottom quartile). Sharpe: 3.05 (upper mid). Point 8 Information ratio: 0.00 (top quartile). Information ratio: 0.00 (top quartile). Information ratio: 0.00 (upper mid). Information ratio: 0.00 (upper mid). Information ratio: 0.00 (upper mid). Information ratio: 0.00 (lower mid). Information ratio: 0.00 (lower mid). Information ratio: 0.00 (bottom quartile). Information ratio: 0.00 (bottom quartile). Information ratio: -1.37 (bottom quartile). Point 9 Yield to maturity (debt): 7.81% (top quartile). Yield to maturity (debt): 5.01% (bottom quartile). Yield to maturity (debt): 6.47% (lower mid). Yield to maturity (debt): 6.88% (upper mid). Yield to maturity (debt): 6.90% (upper mid). Yield to maturity (debt): 7.32% (top quartile). Yield to maturity (debt): 6.60% (lower mid). Yield to maturity (debt): 6.17% (bottom quartile). Yield to maturity (debt): 6.78% (upper mid). Yield to maturity (debt): 5.77% (bottom quartile). Point 10 Modified duration: 1.99 yrs (lower mid). Modified duration: 0.54 yrs (upper mid). Modified duration: 1.78 yrs (upper mid). Modified duration: 4.20 yrs (bottom quartile). Modified duration: 4.53 yrs (bottom quartile). Modified duration: 3.68 yrs (bottom quartile). Modified duration: 0.49 yrs (upper mid). Modified duration: 0.47 yrs (top quartile). Modified duration: 3.52 yrs (lower mid). Modified duration: 0.11 yrs (top quartile). Axis Credit Risk Fund
PGIM India Credit Risk Fund
UTI Banking & PSU Debt Fund
HDFC Corporate Bond Fund
Aditya Birla Sun Life Corporate Bond Fund
ICICI Prudential Long Term Plan
Aditya Birla Sun Life Savings Fund
Aditya Birla Sun Life Money Manager Fund
HDFC Banking and PSU Debt Fund
Indiabulls Liquid Fund