4 Best Debt Funds by Axis Mutual Fund 2026

Updated on April 15, 2026 , 10061 views

Debt funds are known for its attractive returns. These are a type of Mutual Funds that invest in fixed income securities like Government securities, Treasury bills, Corporate Bonds, etc.

There are various types of debt funds like Liquid Funds, ultra short term funds, short term funds, long term income funds offered by Axis Mutual Fund. These funds invest in different securities with different maturity, thus debt funds are a great option to plan your short to mid Financial goals.

Investors keen to invest in this scheme can choose from the listed top 4 Best Debt Funds by Axis Mutual Fund. These funds have been shortlisted by undertaking certain parameters like AUM, NAV, past performances, average maturity, duration, etc.

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Why Invest in Axis Mutual Fund?

Axis schemes are well-regulated, as SEBI regulates and monitors all investment activities to ensure and safeguard investors’ safety.
The fund managers at Axis Mutual Fund have a rich experience in making investment decisions. Their experience will help you grow your capital over a long term.
Debt funds like a liquid fund offered by Axis is highly liquid in nature also it is a low-risk investment option for risk-averse investors. Investors who want to earn regular income over a short-term can invest in this scheme.

Fund Selection Methodology used to find 4 funds

Category: Debt
Asset Management Company : Axis
Sorted On : drat (high to low)
Tags: fcpro
No Of Funds: 4

Best Axis Debt Mutual Funds

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	₹22.6735 ↑ 0.01	₹367	1.9	3.2	7.5	7.8	8.7	8.35%	2Y 11M 12D	4Y 3M 25D
Axis Liquid Fund Growth	₹3,051.87 ↑ 0.37	₹43,636	1.7	3.2	6.3	7	6.6	6.36%	1M 11D	1M 14D
Axis Strategic Bond Fund Growth	₹29.3395 ↑ 0.01	₹2,122	1.5	2.4	6.1	7.7	8.2	7.91%	3Y 6M 7D	5Y 1M 17D
Axis Short Term Fund Growth	₹32.3035 ↑ 0.00	₹11,860	1.4	2.2	5.9	7.3	8.1	7.22%	2Y 2M 1D	2Y 9M 7D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Apr 26

Research Highlights & Commentary of 4 Funds showcased

Commentary	Axis Credit Risk Fund	Axis Liquid Fund	Axis Strategic Bond Fund	Axis Short Term Fund
Point 1	Bottom quartile AUM (₹367 Cr).	Highest AUM (₹43,636 Cr).	Lower mid AUM (₹2,122 Cr).	Upper mid AUM (₹11,860 Cr).
Point 2	Established history (11+ yrs).	Oldest track record among peers (16 yrs).	Established history (14+ yrs).	Established history (16+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 4★ (lower mid).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderate.	Risk profile: Low.	Risk profile: Moderate.	Risk profile: Moderately Low.
Point 5	1Y return: 7.53% (top quartile).	1Y return: 6.31% (upper mid).	1Y return: 6.07% (lower mid).	1Y return: 5.85% (bottom quartile).
Point 6	1M return: 0.79% (top quartile).	1M return: 0.78% (upper mid).	1M return: 0.46% (bottom quartile).	1M return: 0.57% (lower mid).
Point 7	Sharpe: 2.62 (upper mid).	Sharpe: 2.99 (top quartile).	Sharpe: 1.44 (lower mid).	Sharpe: 1.22 (bottom quartile).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 8.35% (top quartile).	Yield to maturity (debt): 6.36% (bottom quartile).	Yield to maturity (debt): 7.91% (upper mid).	Yield to maturity (debt): 7.22% (lower mid).
Point 10	Modified duration: 2.95 yrs (lower mid).	Modified duration: 0.12 yrs (top quartile).	Modified duration: 3.52 yrs (bottom quartile).	Modified duration: 2.17 yrs (upper mid).

Axis Credit Risk Fund

Bottom quartile AUM (₹367 Cr).
Established history (11+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 7.53% (top quartile).
1M return: 0.79% (top quartile).
Sharpe: 2.62 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 8.35% (top quartile).
Modified duration: 2.95 yrs (lower mid).

Axis Liquid Fund

Highest AUM (₹43,636 Cr).
Oldest track record among peers (16 yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.31% (upper mid).
1M return: 0.78% (upper mid).
Sharpe: 2.99 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.36% (bottom quartile).
Modified duration: 0.12 yrs (top quartile).

Axis Strategic Bond Fund

Lower mid AUM (₹2,122 Cr).
Established history (14+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
1Y return: 6.07% (lower mid).
1M return: 0.46% (bottom quartile).
Sharpe: 1.44 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.91% (upper mid).
Modified duration: 3.52 yrs (bottom quartile).

Axis Short Term Fund

Upper mid AUM (₹11,860 Cr).
Established history (16+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 5.85% (bottom quartile).
1M return: 0.57% (lower mid).
Sharpe: 1.22 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.22% (lower mid).
Modified duration: 2.17 yrs (upper mid).

About the Fincash Research Team

At Fincash, our mission is to help investors make informed, confident decisions. With over 10 years in Mutual Fund distribution, our team blends deep industry expertise with a commitment to transparency, accuracy, and investor education.

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MCA CIN: U74999MH2016PTC282153
Location: Thane, Maharashtra, India
Experience: 10+ years in Mutual Fund distribution

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Market analysts tracking performance, macro trends, and sectors.
Data specialists processing NAVs, allocations, and risk metrics from Morning Star.

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Screening: Returns, manager track record, expenses, sector mix, risk-adjusted metrics.
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Updates: Regular refreshes so performance data reflects current market conditions.

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Disclaimer

Content is for educational and informational purposes only and is not investment advice. Please consider your risk profile and consult a financial advisor before investing.

1. Axis Credit Risk Fund

(Erstwhile Axis Fixed Income Opportunities Fund)

To generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns

Research Highlights for Axis Credit Risk Fund

Bottom quartile AUM (₹367 Cr).
Established history (11+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 7.53% (top quartile).
1M return: 0.79% (top quartile).
Sharpe: 2.62 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 8.35% (top quartile).
Modified duration: 2.95 yrs (lower mid).
Average maturity: 4.32 yrs (lower mid).
Exit load: 0-12 Months (1%),12 Months and above(NIL).

Below is the key information for Axis Credit Risk Fund

Axis Credit Risk Fund Growth
Launch Date	15 Jul 14
NAV (17 Apr 26)	₹22.6735 ↑ 0.01 (0.05 %)
Net Assets (Cr)	₹367 on 28 Feb 26
Category	Debt - Credit Risk
AMC	Axis Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	Moderate
Expense Ratio	1.57
Sharpe Ratio	2.62
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-12 Months (1%),12 Months and above(NIL)
Yield to Maturity	8.35%
Effective Maturity	4 Years 3 Months 25 Days
Modified Duration	2 Years 11 Months 12 Days
Sub Cat.	Credit Risk

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,570
31 Mar 23	₹11,057
31 Mar 24	₹11,864
31 Mar 25	₹12,831
31 Mar 26	₹13,806

Axis Credit Risk Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Axis Credit Risk Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Apr 26

Duration	Returns
1 Month	0.8%
3 Month	1.9%
6 Month	3.2%
1 Year	7.5%
3 Year	7.8%
5 Year	6.8%
10 Year
15 Year
Since launch	7.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	8.7%
2023	8%
2022	7%
2021	4%
2020	6%
2019	8.2%
2018	4.4%
2017	5.9%
2016	6.4%
2015	9.8%

Fund Manager information for Axis Credit Risk Fund

Name	Since	Tenure
Devang Shah	15 Jul 14	11.72 Yr.
Akhil Thakker	9 Nov 21	4.39 Yr.

Data below for Axis Credit Risk Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	2.95%
Equity	7.28%
Debt	89.25%
Other	0.52%

Debt Sector Allocation

Sector	Value
Corporate	79.59%
Government	9.67%
Cash Equivalent	2.95%

Credit Quality

Rating	Value
A	16.51%
AA	58.25%
AAA	25.24%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Jubilant Bevco Limited Debentures \| -	5%	₹16 Cr	1,500
Jtpm Metal TRaders Limited Debentures \| -	4%	₹16 Cr	1,500
7.61% Gs 2030 Sovereign Bonds \| -	4%	₹15 Cr	1,500,000 ↑ 1,500,000
Infopark Properties Limited Debentures \| -	4%	₹15 Cr	1,500
Narayana Hrudayalaya Limited Debentures \| -	4%	₹15 Cr	1,500
Aditya Birla Digital Fashion Ventures Limited Debentures \| -	4%	₹15 Cr	1,500
Altius Telecom Infrastructure Trust Debentures \| -	4%	₹15 Cr	1,500
7.24% Gs 2055 Sovereign Bonds \| -	4%	₹14 Cr	1,500,000
Vedanta Limited Debentures \| -	3%	₹12 Cr	1,200
GMR Airports Limited Debentures \| -	3%	₹10 Cr	1,000

2. Axis Liquid Fund

To provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market and debt securities. However there can be no assurance that the investment objective of the scheme will be achieved.

Research Highlights for Axis Liquid Fund

Highest AUM (₹43,636 Cr).
Oldest track record among peers (16 yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.31% (upper mid).
1M return: 0.78% (upper mid).
Sharpe: 2.99 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.36% (bottom quartile).
Modified duration: 0.12 yrs (top quartile).
Average maturity: 0.12 yrs (top quartile).
Exit load: NIL.

Below is the key information for Axis Liquid Fund

Axis Liquid Fund Growth
Launch Date	9 Oct 09
NAV (17 Apr 26)	₹3,051.87 ↑ 0.37 (0.01 %)
Net Assets (Cr)	₹43,636 on 28 Feb 26
Category	Debt - Liquid Fund
AMC	Axis Asset Management Company Limited
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.23
Sharpe Ratio	2.99
Information Ratio	0
Alpha Ratio	0
Min Investment	500
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	6.36%
Effective Maturity	1 Month 14 Days
Modified Duration	1 Month 11 Days
Sub Cat.	Liquid Fund

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,340
31 Mar 23	₹10,930
31 Mar 24	₹11,723
31 Mar 25	₹12,584
31 Mar 26	₹13,360

Axis Liquid Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Axis Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Apr 26

Duration	Returns
1 Month	0.8%
3 Month	1.7%
6 Month	3.2%
1 Year	6.3%
3 Year	7%
5 Year	6%
10 Year
15 Year
Since launch	7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.6%
2023	7.4%
2022	7.1%
2021	4.9%
2020	3.3%
2019	4.3%
2018	6.6%
2017	7.5%
2016	6.7%
2015	7.6%

Fund Manager information for Axis Liquid Fund

Name	Since	Tenure
Devang Shah	5 Nov 12	13.41 Yr.
Aditya Pagaria	13 Aug 16	9.64 Yr.
Sachin Jain	3 Jul 23	2.75 Yr.

Data below for Axis Liquid Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	99.67%
Other	0.33%

Debt Sector Allocation

Sector	Value
Cash Equivalent	66%
Corporate	22.23%
Government	11.44%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Net Receivables / (Payables) CBLO \| -	20%	-₹6,036 Cr
India (Republic of) - \| -	6%	₹1,732 Cr	175,000,000
National Bank for Agriculture and Rural Development Commercial Paper \| -	6%	₹1,725 Cr	35,000
National Bank For Agriculture And Rural Development Commercial Paper \| -	5%	₹1,488 Cr	30,000
National Bank For Agriculture And Rural Development Commercial Paper \| -	4%	₹1,238 Cr	25,000
India (Republic of) - \| -	4%	₹1,224 Cr	123,560,400
Export Import Bank Of India Commercial Paper \| -	3%	₹992 Cr	20,000
Tbill Sovereign Bonds \| -	3%	₹992 Cr	100,000,000
Tata Steel Ltd. Commercial Paper \| -	3%	₹987 Cr	20,000
HDFC Bank Ltd. Debentures \| -	3%	₹986 Cr	20,000

3. Axis Strategic Bond Fund

(Erstwhile Axis Income Fund)

To generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments.

Research Highlights for Axis Strategic Bond Fund

Lower mid AUM (₹2,122 Cr).
Established history (14+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
1Y return: 6.07% (lower mid).
1M return: 0.46% (bottom quartile).
Sharpe: 1.44 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.91% (upper mid).
Modified duration: 3.52 yrs (bottom quartile).
Average maturity: 5.13 yrs (bottom quartile).
Exit load: 0-12 Months (1%),12 Months and above(NIL).

Below is the key information for Axis Strategic Bond Fund

Axis Strategic Bond Fund Growth
Launch Date	28 Mar 12
NAV (17 Apr 26)	₹29.3395 ↑ 0.01 (0.02 %)
Net Assets (Cr)	₹2,122 on 28 Feb 26
Category	Debt - Medium term Bond
AMC	Axis Asset Management Company Limited
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	1.08
Sharpe Ratio	1.44
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-12 Months (1%),12 Months and above(NIL)
Yield to Maturity	7.91%
Effective Maturity	5 Years 1 Month 17 Days
Modified Duration	3 Years 6 Months 7 Days
Sub Cat.	Medium term Bond

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,564
31 Mar 23	₹11,042
31 Mar 24	₹11,916
31 Mar 25	₹12,955
31 Mar 26	₹13,776

Axis Strategic Bond Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Axis Strategic Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Apr 26

Duration	Returns
1 Month	0.5%
3 Month	1.5%
6 Month	2.4%
1 Year	6.1%
3 Year	7.7%
5 Year	6.7%
10 Year
15 Year
Since launch	8%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	8.2%
2023	8.7%
2022	7.3%
2021	3.8%
2020	5.2%
2019	10.5%
2018	7.1%
2017	6.7%
2016	7.5%
2015	11.6%

Fund Manager information for Axis Strategic Bond Fund

Name	Since	Tenure
Devang Shah	5 Nov 12	13.41 Yr.
Sachin Jain	1 Feb 23	3.16 Yr.
Akhil Thakker	1 Feb 23	3.16 Yr.

Data below for Axis Strategic Bond Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	4.35%
Equity	3.2%
Debt	92.16%
Other	0.29%

Debt Sector Allocation

Sector	Value
Corporate	64.67%
Government	27.49%
Cash Equivalent	4.35%

Credit Quality

Rating	Value
A	10.46%
AA	47.42%
AAA	42.13%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.10% Gs 2034 Sovereign Bonds \| -	5%	₹113 Cr	11,200,000
Jubilant Beverages Limited Debentures \| -	3%	₹70 Cr	6,500
GMR Hyderabad International Airport Limited Debentures \| -	3%	₹66 Cr	6,500
Tamilnadu State Development Loans Sovereign Bonds \| -	3%	₹62 Cr	6,358,600
Vedanta Limited Debentures \| -	3%	₹60 Cr	6,000
Jubilant Bevco Limited Debentures \| -	3%	₹60 Cr	5,500
Adani Power Limited Debentures \| -	3%	₹60 Cr	6,000
Nuvama Wealth Finance Limited Debentures \| -	3%	₹58 Cr	5,800
Delhi International Airport Limited Debentures \| -	3%	₹56 Cr	5,500
Aditya Birla Digital Fashion Ventures Limited Debentures \| -	3%	₹55 Cr	5,500

4. Axis Short Term Fund

To generate stable returns with a low risk strategy while maintaining liquidity through a portfolio comprising of debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved.

Research Highlights for Axis Short Term Fund

Upper mid AUM (₹11,860 Cr).
Established history (16+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 5.85% (bottom quartile).
1M return: 0.57% (lower mid).
Sharpe: 1.22 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.22% (lower mid).
Modified duration: 2.17 yrs (upper mid).
Average maturity: 2.77 yrs (upper mid).
Exit load: NIL.

Below is the key information for Axis Short Term Fund

Axis Short Term Fund Growth
Launch Date	22 Jan 10
NAV (17 Apr 26)	₹32.3035 ↑ 0.00 (0.01 %)
Net Assets (Cr)	₹11,860 on 28 Feb 26
Category	Debt - Short term Bond
AMC	Axis Asset Management Company Limited
Rating	☆☆☆
Risk	Moderately Low
Expense Ratio	0.88
Sharpe Ratio	1.22
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	7.22%
Effective Maturity	2 Years 9 Months 7 Days
Modified Duration	2 Years 2 Months 1 Day
Sub Cat.	Short term Bond

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,434
31 Mar 23	₹10,885
31 Mar 24	₹11,674
31 Mar 25	₹12,639
31 Mar 26	₹13,415

Axis Short Term Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Axis Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Apr 26

Duration	Returns
1 Month	0.6%
3 Month	1.4%
6 Month	2.2%
1 Year	5.9%
3 Year	7.3%
5 Year	6.2%
10 Year
15 Year
Since launch	7.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	8.1%
2023	8%
2022	6.8%
2021	3.7%
2020	3.5%
2019	10.1%
2018	9.8%
2017	6.3%
2016	5.9%
2015	9.6%

Fund Manager information for Axis Short Term Fund

Name	Since	Tenure
Devang Shah	5 Nov 12	13.41 Yr.
Aditya Pagaria	3 Jul 23	2.75 Yr.

Data below for Axis Short Term Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	9.68%
Debt	89.9%
Other	0.43%

Debt Sector Allocation

Sector	Value
Corporate	74.24%
Government	18.65%
Cash Equivalent	6.69%

Credit Quality

Rating	Value
AA	14.87%
AAA	85.13%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
National Bank For Agriculture And Rural Development Debentures \| -	4%	₹299 Cr	30,000 ↓ -10,000
SIDDHIVINAYAK SECURITISATION TRUST Unlisted bonds \| -	3%	₹209 Cr	213
Power Finance Corporation Limited Debentures \| -	2%	₹196 Cr	20,000 ↓ -5,000
Indigrid Infrastructure Trust Debentures \| -	2%	₹191 Cr	19,000
Jubilant Beverages Limited Debentures \| -	2%	₹170 Cr	15,750
Small Industries Development Bank Of India Debentures \| -	2%	₹150 Cr	15,000
National Bank For Agriculture & Rural Development Debentures \| -	2%	₹148 Cr	15,000
Power Finance Corporation Limited Debentures \| -	2%	₹148 Cr	15,000
Bharti Telecom Limited Debentures \| -	2%	₹128 Cr	13,000
Embassy Office Parks Reit Debentures \| -	2%	₹125 Cr	12,500

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.