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6 Best Debt Mutual Funds for Lump sum Investments 2024

Updated on April 18, 2024 , 45944 views

Debt Mutual Fund schemes in India have grown over the years. As a result, the best performing mutual debt funds in the Market keep on changing. There are various rating systems in place to judge a mutual fund scheme, namely CRISIL, Morning Star, ICRA. These systems evaluate a mutual fund in terms of returns, Standard Deviation, credit quality of securities, rate movement guidance by RBI, etc.

debt-lumpsum

Why To Invest Lump Sum in Debt Mutual Funds?

  • Better return than prevailing Fixed Deposit (FD) & Recurring deposit (RD) rates across banks
  • Returns are linked to debt markets
  • Immediate (T+1) Redemption online
  • Indexation (Debt Taxation benefits) benefits on returns over three years

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Best Lumpsum Debt Mutual Funds FY 24 - 25

Below are the top ranked funds from Debt Categories primarily funds having AUM > 500 Crore & are in Ultra-short, Corporate bond, Credit Risk, Low Duration sub categories && Having maturity of less than 3 years and providing highest yields.

Top 6 Lump sum Debt Mutual Funds

FundNAVNet Assets (Cr)Min Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)2023 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Nippon India Credit Risk Fund Growth ₹31.4838
↓ -0.01
₹1,024 500 1.93.77.58.47.99.02%1Y 10M 2D2Y 2M 16D
SBI Credit Risk Fund Growth ₹41.2276
↓ -0.02
₹2,506 5,000 1.73.66.76.28.38.49%2Y 14D2Y 8M 12D
L&T Credit Risk Fund Growth ₹26.2297
↓ -0.02
₹569 10,000 1.53.26.35.56.58.3%1Y 10M 6D2Y 8M 5D
Kotak Low Duration Fund Growth ₹3,064.21
↓ -0.22
₹7,963 5,000 1.93.56.85.26.78.12%1Y 11D2Y 4M 17D
HDFC Low Duration Fund Growth ₹52.8791
↓ 0.00
₹14,359 5,000 1.93.67.25.478.07%11M 3D2Y 2M 25D
ICICI Prudential Savings Fund Growth ₹495.663
↑ 0.01
₹16,302 500 2.13.97.967.68.05%10M 24D2Y 8M 8D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Apr 24
*List of Debt Mutual Funds having net assets > 500 Crore and Fund have assets under manegement for atleast 3 years.

1. Nippon India Credit Risk Fund

(Erstwhile Reliance Regular Savings Fund - Debt Plan)

The primary investment objective of this option is to generate optimal returns consistent with moderate level of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly investments shall predominantly be made in Debt & Money Market Instruments.

Nippon India Credit Risk Fund is a Debt - Credit Risk fund was launched on 8 Jun 05. It is a fund with Moderate risk and has given a CAGR/Annualized return of 6.3% since its launch.  Ranked 21 in Credit Risk category.  Return for 2023 was 7.9% , 2022 was 3.9% and 2021 was 13.5% .

Below is the key information for Nippon India Credit Risk Fund

Nippon India Credit Risk Fund
Growth
Launch Date 8 Jun 05
NAV (19 Apr 24) ₹31.4838 ↓ -0.01   (-0.04 %)
Net Assets (Cr) ₹1,024 on 31 Mar 24
Category Debt - Credit Risk
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderate
Expense Ratio 1.64
Sharpe Ratio 2.07
Information Ratio 0
Alpha Ratio 0
Min Investment 500
Min SIP Investment 100
Exit Load 0-12 Months (1%),12 Months and above(NIL)
Yield to Maturity 9.02%
Effective Maturity 2 Years 2 Months 16 Days
Modified Duration 1 Year 10 Months 2 Days

Growth of 10,000 investment over the years.

DateValue
31 Mar 19₹10,000
31 Mar 20₹8,876
31 Mar 21₹9,556
31 Mar 22₹10,773
31 Mar 23₹11,282
31 Mar 24₹12,192

Nippon India Credit Risk Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹194,235.
Net Profit of ₹14,235
Invest Now

Returns for Nippon India 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 19 Apr 24

DurationReturns
1 Month 0.6%
3 Month 1.9%
6 Month 3.7%
1 Year 7.5%
3 Year 8.4%
5 Year 4.1%
10 Year
15 Year
Since launch 6.3%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.9%
2022 3.9%
2021 13.5%
2020 -5.9%
2019 1.9%
2018 6.1%
2017 7%
2016 10%
2015 8.8%
2014 11%
Fund Manager information for Nippon India Credit Risk Fund
NameSinceTenure
Kinjal Desai25 May 185.86 Yr.
Sushil Budhia1 Feb 204.16 Yr.

Data below for Nippon India Credit Risk Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash4.42%
Debt95.33%
Other0.25%
Debt Sector Allocation
SectorValue
Corporate84.78%
Government10.55%
Cash Equivalent4.42%
Credit Quality
RatingValue
A23.35%
AA47.98%
AAA28.67%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Summit Digitel Infrastructure Limited
Debentures | -
6%₹60 Cr620
JSW Steel Limited
Debentures | -
5%₹55 Cr550
7.1% Govt Stock 2029
Sovereign Bonds | -
5%₹50 Cr5,000,000
7.06% Govt Stock 2028
Sovereign Bonds | -
5%₹50 Cr5,000,000
Indinfravit Trust
Debentures | -
5%₹49 Cr5,000
Godrej Properties Limited
Debentures | -
4%₹45 Cr4,500
Greenlam Industries Limited
Debentures | -
4%₹44 Cr450
Prestige Projects Private Limited 11.75%
Debentures | -
4%₹40 Cr4,000
↑ 4,000
DLF Cyber City Developers Limited 8.4%
Debentures | -
4%₹40 Cr4,000
Lodha Developers Private Limited
Debentures | -
4%₹38 Cr378

2. SBI Credit Risk Fund

(Erstwhile SBI Corporate Bond Fund)

The investment objective will be to actively manage a portfolio of good quality corporate debt as well as Money Market Instruments so as to provide reasonable returns and liquidity to the Unit holders. However there is no guarantee or assurance that the investment objective of the scheme will be achieved.

SBI Credit Risk Fund is a Debt - Credit Risk fund was launched on 19 Jul 04. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.4% since its launch.  Ranked 3 in Credit Risk category.  Return for 2023 was 8.3% , 2022 was 4.2% and 2021 was 5% .

Below is the key information for SBI Credit Risk Fund

SBI Credit Risk Fund
Growth
Launch Date 19 Jul 04
NAV (19 Apr 24) ₹41.2276 ↓ -0.02   (-0.04 %)
Net Assets (Cr) ₹2,506 on 31 Mar 24
Category Debt - Credit Risk
AMC SBI Funds Management Private Limited
Rating
Risk Moderate
Expense Ratio 1.95
Sharpe Ratio 0.94
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-12 Months (3%),12-24 Months (1.5%),24-36 Months (0.75%),36 Months and above(NIL)
Yield to Maturity 8.49%
Effective Maturity 2 Years 8 Months 12 Days
Modified Duration 2 Years 14 Days

Growth of 10,000 investment over the years.

DateValue
31 Mar 19₹10,000
31 Mar 20₹10,620
31 Mar 21₹11,474
31 Mar 22₹12,112
31 Mar 23₹12,679
31 Mar 24₹13,793

SBI Credit Risk Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for SBI 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 19 Apr 24

DurationReturns
1 Month 0.5%
3 Month 1.7%
6 Month 3.6%
1 Year 6.7%
3 Year 6.2%
5 Year 6.7%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
2023 8.3%
2022 4.2%
2021 5%
2020 9.8%
2019 6.5%
2018 6.2%
2017 6.9%
2016 10.5%
2015 9.7%
2014 10.6%
Fund Manager information for SBI Credit Risk Fund
NameSinceTenure
Lokesh Mallya1 Feb 177.16 Yr.
Pradeep Kesavan1 Dec 230.33 Yr.
Adesh Sharma1 Dec 230.33 Yr.

Data below for SBI Credit Risk Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash10.97%
Equity2.18%
Debt86.56%
Other0.29%
Debt Sector Allocation
SectorValue
Corporate66.8%
Government19.76%
Cash Equivalent10.97%
Credit Quality
RatingValue
A3.42%
AA64.88%
AAA31.7%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
7%₹181 Cr18,000,000
↓ -4,000,000
7.16% Govt Stock 2050
Sovereign Bonds | -
5%₹125 Cr12,500,000
↑ 12,500,000
Aadhar Housing Finance Limited
Debentures | -
5%₹121 Cr12,200
Nirma Limited
Debentures | -
5%₹115 Cr11,500
Jindal Stainless Limited
Debentures | -
3%₹88 Cr900
Avanse Financial Services Limited
Debentures | -
3%₹80 Cr8,000
Ongc Petro Additions Limited
Debentures | -
3%₹75 Cr7,500
JSW Steel Limited
Debentures | -
3%₹75 Cr750
Nuvoco Vistas Corporation Limited
Debentures | -
3%₹74 Cr750
Godrej Industries Limited
Debentures | -
3%₹74 Cr750

3. L&T Credit Risk Fund

(Erstwhile L&T Income Opportunities Fund)

The Scheme seeks to generate regular returns and capital appreciation by investing in debt (including securitised debt), government and money market securities.

L&T Credit Risk Fund is a Debt - Credit Risk fund was launched on 8 Oct 09. It is a fund with Moderate risk and has given a CAGR/Annualized return of 6.9% since its launch.  Ranked 12 in Credit Risk category.  Return for 2023 was 6.5% , 2022 was 3.2% and 2021 was 5.7% .

Below is the key information for L&T Credit Risk Fund

L&T Credit Risk Fund
Growth
Launch Date 8 Oct 09
NAV (19 Apr 24) ₹26.2297 ↓ -0.02   (-0.06 %)
Net Assets (Cr) ₹569 on 31 Mar 24
Category Debt - Credit Risk
AMC L&T Investment Management Ltd
Rating
Risk Moderate
Expense Ratio 1.66
Sharpe Ratio -0.57
Information Ratio 0
Alpha Ratio 0
Min Investment 10,000
Min SIP Investment 1,000
Exit Load 0-1 Years (1%),1 Years and above(NIL)
Yield to Maturity 8.3%
Effective Maturity 2 Years 8 Months 5 Days
Modified Duration 1 Year 10 Months 6 Days

Growth of 10,000 investment over the years.

DateValue
31 Mar 19₹10,000
31 Mar 20₹10,262
31 Mar 21₹10,584
31 Mar 22₹11,195
31 Mar 23₹11,646
31 Mar 24₹12,428

L&T Credit Risk Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹194,235.
Net Profit of ₹14,235
Invest Now

Returns for L&T 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 19 Apr 24

DurationReturns
1 Month 0.4%
3 Month 1.5%
6 Month 3.2%
1 Year 6.3%
3 Year 5.5%
5 Year 4.5%
10 Year
15 Year
Since launch 6.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.5%
2022 3.2%
2021 5.7%
2020 5%
2019 2.3%
2018 5.6%
2017 7.2%
2016 10.1%
2015 9.4%
2014 11.4%
Fund Manager information for L&T Credit Risk Fund
NameSinceTenure
Kapil Punjabi26 Nov 221.35 Yr.
Shriram Ramanathan24 Nov 1211.36 Yr.

Data below for L&T Credit Risk Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash2.35%
Debt97.39%
Other0.25%
Debt Sector Allocation
SectorValue
Corporate73.1%
Government24.3%
Cash Equivalent2.35%
Credit Quality
RatingValue
AA62.57%
AAA37.43%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
18%₹101 Cr10,000,000
↑ 4,500,000
Nuvoco Vistas Corporation Limited
Debentures | -
5%₹26 Cr250
Dlf Cyber City Developers Ltd
Debentures | -
4%₹25 Cr250
Small Industries Development Bank Of India
Debentures | -
4%₹25 Cr2,500
Nirma Limited
Debentures | -
4%₹25 Cr2,500
8.25% Govt Stock 2033
Sovereign Bonds | -
4%₹21 Cr2,000,000
Tata Projects Limited
Debentures | -
4%₹21 Cr2,000
Jm Financial Services Limited
Debentures | -
4%₹20 Cr2,000
Hinduja Leyland Finance Limited
Debentures | -
4%₹20 Cr180
Andhra Pradesh Expressway Limited
Debentures | -
3%₹17 Cr56

4. Kotak Low Duration Fund

The primary objective of the Scheme is to generate income through investment primarily in low duration debt & money market securities. However, there is no assurance that the objective of the scheme will be realized

Kotak Low Duration Fund is a Debt - Low Duration fund was launched on 6 Mar 08. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.2% since its launch.  Ranked 10 in Low Duration category.  Return for 2023 was 6.7% , 2022 was 3.9% and 2021 was 3.5% .

Below is the key information for Kotak Low Duration Fund

Kotak Low Duration Fund
Growth
Launch Date 6 Mar 08
NAV (19 Apr 24) ₹3,064.21 ↓ -0.22   (-0.01 %)
Net Assets (Cr) ₹7,963 on 31 Mar 24
Category Debt - Low Duration
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderate
Expense Ratio 0.88
Sharpe Ratio -0.42
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 8.12%
Effective Maturity 2 Years 4 Months 17 Days
Modified Duration 1 Year 11 Days

Growth of 10,000 investment over the years.

DateValue
31 Mar 19₹10,000
31 Mar 20₹10,783
31 Mar 21₹11,499
31 Mar 22₹11,938
31 Mar 23₹12,497
31 Mar 24₹13,356

Kotak Low Duration Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Kotak Low Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Apr 24

DurationReturns
1 Month 0.7%
3 Month 1.9%
6 Month 3.5%
1 Year 6.8%
3 Year 5.2%
5 Year 5.9%
10 Year
15 Year
Since launch 7.2%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.7%
2022 3.9%
2021 3.5%
2020 7.9%
2019 8.3%
2018 7.3%
2017 7.1%
2016 8.9%
2015 9.3%
2014 9.5%
Fund Manager information for Kotak Low Duration Fund
NameSinceTenure
Deepak Agrawal31 Jan 159.17 Yr.
Manu Sharma1 Nov 221.42 Yr.
Palha Khanna3 Jul 230.75 Yr.

Data below for Kotak Low Duration Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash6.11%
Debt93.61%
Other0.28%
Debt Sector Allocation
SectorValue
Corporate69.83%
Government26.11%
Cash Equivalent3.23%
Securitized0.55%
Credit Quality
RatingValue
AA15.99%
AAA84.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
8.25% Govt Stock 2033
Sovereign Bonds | -
8%₹680 Cr66,871,138
↑ 23,500,000
7.69% Govt Stock 2028
Sovereign Bonds | -
5%₹399 Cr40,000,000
↑ 40,000,000
National Bank For Agriculture And Rural Development
Debentures | -
5%₹374 Cr37,500
HDFC Bank Ltd.
Debentures | -
5%₹371 Cr40,000
↑ 40,000
Bharti Telecom Limited
Debentures | -
3%₹251 Cr25,000
Rural Electrification Corporation Limited
Debentures | -
3%₹209 Cr2,100
Embassy Office Parks Reit
Debentures | -
2%₹204 Cr20,500
↓ -7,000
Muthoot Finance Limited
Debentures | -
2%₹200 Cr20,000
Rural Electrification Corporation Limited
Debentures | -
2%₹200 Cr20,000
LIC Housing Finance Limited
Debentures | -
2%₹199 Cr2,000

5. HDFC Low Duration Fund

(Erstwhile HDFC Cash Management Fund - Treasury Advantage Plan)

To generate regular income through investment in debt securities and money market instruments.

HDFC Low Duration Fund is a Debt - Low Duration fund was launched on 18 Nov 99. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.1% since its launch.  Return for 2023 was 7% , 2022 was 4.1% and 2021 was 3.7% .

Below is the key information for HDFC Low Duration Fund

HDFC Low Duration Fund
Growth
Launch Date 18 Nov 99
NAV (19 Apr 24) ₹52.8791 ↓ 0.00   (0.00 %)
Net Assets (Cr) ₹14,359 on 31 Mar 24
Category Debt - Low Duration
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately Low
Expense Ratio 1.03
Sharpe Ratio 0.72
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 300
Exit Load NIL
Yield to Maturity 8.07%
Effective Maturity 2 Years 2 Months 25 Days
Modified Duration 11 Months 3 Days

Growth of 10,000 investment over the years.

DateValue
31 Mar 19₹10,000
31 Mar 20₹10,754
31 Mar 21₹11,504
31 Mar 22₹11,965
31 Mar 23₹12,544
31 Mar 24₹13,457

HDFC Low Duration Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for HDFC Low Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Apr 24

DurationReturns
1 Month 0.7%
3 Month 1.9%
6 Month 3.6%
1 Year 7.2%
3 Year 5.4%
5 Year 6.1%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7%
2022 4.1%
2021 3.7%
2020 8.1%
2019 8%
2018 6.5%
2017 6.4%
2016 8.6%
2015 7.7%
2014 8.4%
Fund Manager information for HDFC Low Duration Fund
NameSinceTenure
Anupam Joshi27 Oct 158.43 Yr.
Praveen Jain6 Oct 221.49 Yr.
Dhruv Muchhal22 Jun 230.78 Yr.

Data below for HDFC Low Duration Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash22.44%
Debt76.79%
Other0.27%
Debt Sector Allocation
SectorValue
Corporate67.8%
Government24.83%
Cash Equivalent7.11%
Credit Quality
RatingValue
AA15.29%
AAA84.71%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
8.25% Govt Stock 2033
Sovereign Bonds | -
8%₹1,271 Cr125,000,000
Power Finance Corporation Limited
Debentures | -
4%₹574 Cr5,700
Bharti Telecom Limited
Debentures | -
4%₹549 Cr5,500
Titan Company Limited
Debentures | -
3%₹525 Cr52,500
7.69% Govt Stock 2028
Sovereign Bonds | -
3%₹499 Cr50,000,000
↑ 5,000,000
SANSAR TRUST JULY 2023 II
Unlisted bonds | -
2%₹381 Cr4,500
Power Finance Corporation Limited
Debentures | -
2%₹273 Cr2,750
Panatone Finvest Ltd
Debentures | -
2%₹252 Cr5,400
National Bank For Agriculture And Rural Development
Debentures | -
2%₹251 Cr25,000
Indus Tower Ltd
Debentures | -
2%₹250 Cr2,500

6. ICICI Prudential Savings Fund

(Erstwhile ICICI Prudential Flexible Income Plan)

To generate income through investments in a range of debt instruments and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.

ICICI Prudential Savings Fund is a Debt - Low Duration fund was launched on 27 Sep 02. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.7% since its launch.  Ranked 11 in Low Duration category.  Return for 2023 was 7.6% , 2022 was 4.5% and 2021 was 3.8% .

Below is the key information for ICICI Prudential Savings Fund

ICICI Prudential Savings Fund
Growth
Launch Date 27 Sep 02
NAV (19 Apr 24) ₹495.663 ↑ 0.01   (0.00 %)
Net Assets (Cr) ₹16,302 on 31 Mar 24
Category Debt - Low Duration
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately Low
Expense Ratio 0.51
Sharpe Ratio 2.15
Information Ratio 0
Alpha Ratio 0
Min Investment 500
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 8.05%
Effective Maturity 2 Years 8 Months 8 Days
Modified Duration 10 Months 24 Days

Growth of 10,000 investment over the years.

DateValue
31 Mar 19₹10,000
31 Mar 20₹10,802
31 Mar 21₹11,601
31 Mar 22₹12,086
31 Mar 23₹12,758
31 Mar 24₹13,763

ICICI Prudential Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for ICICI Prudential Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Apr 24

DurationReturns
1 Month 0.8%
3 Month 2.1%
6 Month 3.9%
1 Year 7.9%
3 Year 6%
5 Year 6.6%
10 Year
15 Year
Since launch 7.7%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.6%
2022 4.5%
2021 3.8%
2020 8.6%
2019 8.8%
2018 7.3%
2017 7.1%
2016 9.1%
2015 8.8%
2014 9.5%
Fund Manager information for ICICI Prudential Savings Fund
NameSinceTenure
Manish Banthia12 Jun 230.81 Yr.
Rohan Maru19 Sep 1310.54 Yr.
Darshil Dedhia12 Jun 230.81 Yr.

Data below for ICICI Prudential Savings Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash27.6%
Debt72.09%
Other0.31%
Debt Sector Allocation
SectorValue
Corporate53.86%
Government30.26%
Cash Equivalent15.52%
Securitized0.06%
Credit Quality
RatingValue
AA12.38%
AAA87.62%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
8.25% Govt Stock 2033
Sovereign Bonds | -
11%₹1,802 Cr177,237,830
7.69% Govt Stock 2028
Sovereign Bonds | -
5%₹884 Cr88,690,048
↓ -15,500,000
LIC Housing Finance Limited
Debentures | -
4%₹649 Cr6,500
7.18% Govt Stock 2033
Sovereign Bonds | -
3%₹580 Cr57,590,550
↓ -2,000,000
Pipeline Infrastructure Limited
Debentures | -
3%₹481 Cr4,809
8.1% Govt Stock 2034
Sovereign Bonds | -
3%₹465 Cr46,625,930
Small Industries Development Bank of India
Debentures | -
2%₹419 Cr9,000
Bajaj Finance Limited
Debentures | -
2%₹373 Cr3,750
Bharti Telecom Limited
Debentures | -
2%₹350 Cr35,000
Embassy Office Parks Reit
Debentures | -
2%₹300 Cr30,000

Smart Tips to Look for in Debt Funds

1. Yield

The yield is a measure of the interest Income generated by the Bonds in the Portfolio.

For instance, let's assume that a bond has a Face Value of INR 100 with an 8 percent coupon rate. This means that the investor will earn INR 8 p.a., on each bond that he invests in. As the bonds are traded in the Open Market, the price will fluctuate each Business Day. The interest rates rise and fall and demand for the bonds moves up and down. And this impacts the price of the bond. Let’s assume interest rates rise to 10 percent. Even then the investor will continue to earn INR 8. So to increase the yield to 10 percent, which is the current market rate of interest, the price of the bond will have to drop to INR 80.

In another instance, lets assume that the interest rates fall to 6 percent. Again, the investor will continue to earn INR 8. This time the price of the bond will have to go up to INR 133.

If we look at these assumptions, there are two aspects to it- the one is that the yield is not fixed, but fluctuates to changes in the interest rate. The second one is the price of the bond moves inversely to interest rates. It moves to maintain a level where it will attract buyers.

2. Yield to Maturity

The yield to maturity(ytm) of a debt mutual fund indicates the running yield of the fund. When comparing debt funds on the Basis of YTM, one should also look at that fact that how is the extra yield being generated. Is this at the cost of as lower portfolio quality? Investing in not so good quality instruments has its own issues. You don't want to end up investing in a Debt fund which has such bonds or securities that may Default later on. So, always look at the portfolio yield and balance it off with the credit quality.

3. Modified Duration

Modified duration provides a fair indication of a bond’s sensitivity to a change in interest rates. The higher the duration, the more Volatility the bond exhibits with a change in interest rates

4. Credit Quality of Portfolio

In order to invest in Best Debt Funds, checking the credit quality of the bonds and debt securities is an essential parameter. Bonds are assigned a credit rating by various agencies based on their ability to pay the money back. A bond with AAA rating is considered to be the best credit rating and also implies a safe and secure investment. If one truly wants safety and considers this as the paramount parameter in selecting the best debt fund, then getting into a fund with very high-quality debt instruments (AAA or AA+) may be the desired option.

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FAQs

1. How do debt fund managers identify which is high-quality security?

A: Debt fund managers have their techniques for evaluating each bond and assessing the debtor's chances of defaulting to pay the bond. Usually, the higher the credit rating lesser is the chance for the creditor defaulting.

2. Why is debt mutual funds low-risk?

A: Debt mutual funds deal with securities and bonds along other money market instruments. The chances of these instruments failing are usually less, and hence, your investment will remain secure, thereby making debt mutual funds low-risk investments.

3. Do fund managers invest in low-quality securities?

A: Yes, sometimes fund managers do invest in low-quality securities if chances of good ROI exist. However, this will be a calculated risk taken by your fund manager and only if the portfolio of investment already has stable, high-quality securities.

4. Is there any short-term debt mutual fund?

A: Yes, if you opt for a Liquid Fund in which investments are made in money market instruments that have a maturity of 91 days, then you can realize your investment in a matter of three months. This is a short-term investment that you can undertake to get a better understanding of debt mutual funds.

5. Can I invest long-term in a debt mutual fund?

A: Yes, you can invest long-term in debt mutual funds. For example, suppose you invest in the Nippon India Credit Risk Fund or the ICICI Prudential Regular Savings Fund. In that case, it is better that you hold your investment at least for one year, 5 months, and 19 days and 2 years, one month, and 2 days respectively, to get maximum ROI. But you can keep investing beyond that for 3 years.

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.
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