A mutual fund represents an investment vehicle wherein funds from numerous investors are consolidated into a single investment product. Subsequently, the fund directs these assets towards Investing in diverse assets, aligning with the fund's investment objectives.
The market offers many mutual fund varieties, which can be overwhelming for you due to the extensive range of available products. Nevertheless, you must acknowledge that no single scheme or group of schemes is universally suitable. The ideal mutual fund scheme for you aligns with your investment objectives and risk tolerance, among other factors. In this post, let's learn about good Mutual Funds and the factors you should consider when selecting a scheme.
Mutual funds encompass various types categorised by underlying assets, including gold, debt, or equity. These include hybrid, debt, and equity mutual funds, each with distinct objectives and risk profiles.
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Here are the diverse Types of Mutual Funds:
Fixed Income Funds: These mutual funds invest in fixed-income securities, including short-term Bonds, long-term bonds, floating rate debt, and money market instruments.
Equity Funds: Equity Funds mainly invest in stocks and can be actively or passively managed.
Equity Linked Savings Schemes (ELSS): This close-ended equity mutual fund offers tax-saving benefits under Section 80C of the income tax Act while aiming for wealth accumulation.
Diversified Funds: You can diversify your investments across multiple sectors or industries with this type of mutual fund.
Gilt Funds: These funds allocate investments to government securities without default risk.
Index Funds: Investments in Index Funds mirror the performance of a stock market index.
Liquid Funds: These investment plans primarily allocate funds to short-term money market instruments featuring shorter maturity periods.
Debt-Oriented Hybrid Funds: Combining debt and equity investments, these funds offer a balanced approach.
Arbitrage Funds: Treated as equity plans for tax purposes, these funds invest in cash and derivatives markets.
Mutual fund schemes offer a range of convenient and flexible investment modes tailored to meet specific requirements, with the most popular being lump sum and Systematic Investment plan (SIP).
Lump sum investment involves a single substantial investment made by an investor in any mutual fund scheme. However, spreading out investments over the entire financial year is advisable for optimal results. This strategy helps average the purchase cost and mitigate volatility, fostering financial discipline.
SIP entails investing a fixed amount regularly in a mutual fund scheme at predefined intervals. It operates akin to regular saving schemes like a Recurring deposit. Under SIP, investments are routinely made, such as weekly, monthly, or quarterly. For instance, if you plan to invest Rs. 1,20,000 in March as a lump sum, you would allocate Rs. 10,000 per month through an SIP. SIP is recommended for mutual fund investments, particularly equity-oriented funds, to alleviate stress and benefit from consistent investing.
Here's a breakdown of how taxation is applied to mutual funds in India:
Several aspects play a crucial role in selecting the top-performing mutual funds in India:
Investment Horizon: Mutual funds typically fall into short-term and long-term categories. Choose for stocks and bonds with higher risk for short-term investments, offering potentially higher returns. For long-term investments, choose low-risk options with steady growth potential.
Financial goals: Define your financial objectives before investing to determine the most suitable fund category. Consider risk tolerance, liquidity needs, time horizon, and others to make informed decisions.
Fund Performance: Assess a fund's performance over at least five years to gauge its suitability for investment.
Fund Manager Experience: Prioritise funds managed by seasoned fund managers with extensive experience. Investing in such funds provides security as experienced managers can navigate various market conditions effectively.
Expense Ratio: Choose for funds with expense ratios below 1.00%, representing the cumulative expenses covering advertising costs, fund manager salaries, and other related expenses.
Risk Tolerance: Understand your risk tolerance levels to gain clarity on the expected returns from your investment.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) DSP US Flexible Equity Fund Growth ₹67.7398
↑ 0.00 ₹989 14.6 16.2 23 18.7 16.6 17.8 Franklin Asian Equity Fund Growth ₹31.8873
↓ -0.11 ₹270 9.2 13.6 12.6 9.3 3.6 14.4 Axis Credit Risk Fund Growth ₹21.6772
↑ 0.01 ₹367 1.5 4.8 8.6 7.5 6.8 8 PGIM India Credit Risk Fund Growth ₹15.5876
↑ 0.00 ₹39 0.6 4.4 8.4 3 4.2 UTI Banking & PSU Debt Fund Growth ₹22.1773
↑ 0.00 ₹810 1.1 4.6 8.1 7.1 7 7.6 Aditya Birla Sun Life Savings Fund Growth ₹554.986
↑ 0.08 ₹20,795 1.7 4.1 7.9 7.4 6.1 7.9 Aditya Birla Sun Life Money Manager Fund Growth ₹374.815
↑ 0.03 ₹29,515 1.6 4.1 7.9 7.5 6.1 7.8 HDFC Corporate Bond Fund Growth ₹32.7455
↓ 0.00 ₹35,968 0.1 4.1 7.8 7.5 6.2 8.6 HDFC Banking and PSU Debt Fund Growth ₹23.1774
↓ -0.01 ₹5,935 0.3 4.3 7.8 7.2 5.9 7.9 Aditya Birla Sun Life Corporate Bond Fund Growth ₹113.464
↑ 0.01 ₹28,598 0 3.9 7.7 7.5 6.4 8.5 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 29 Aug 25 Research Highlights & Commentary of 10 Funds showcased
Commentary DSP US Flexible Equity Fund Franklin Asian Equity Fund Axis Credit Risk Fund PGIM India Credit Risk Fund UTI Banking & PSU Debt Fund Aditya Birla Sun Life Savings Fund Aditya Birla Sun Life Money Manager Fund HDFC Corporate Bond Fund HDFC Banking and PSU Debt Fund Aditya Birla Sun Life Corporate Bond Fund Point 1 Lower mid AUM (₹989 Cr). Bottom quartile AUM (₹270 Cr). Bottom quartile AUM (₹367 Cr). Bottom quartile AUM (₹39 Cr). Lower mid AUM (₹810 Cr). Upper mid AUM (₹20,795 Cr). Top quartile AUM (₹29,515 Cr). Highest AUM (₹35,968 Cr). Upper mid AUM (₹5,935 Cr). Upper mid AUM (₹28,598 Cr). Point 2 Established history (13+ yrs). Established history (17+ yrs). Established history (11+ yrs). Established history (10+ yrs). Established history (11+ yrs). Established history (22+ yrs). Established history (19+ yrs). Established history (15+ yrs). Established history (11+ yrs). Oldest track record among peers (28 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: High. Risk profile: High. Risk profile: Moderate. Risk profile: Moderate. Risk profile: Moderate. Risk profile: Moderately Low. Risk profile: Low. Risk profile: Moderately Low. Risk profile: Moderately Low. Risk profile: Moderately Low. Point 5 5Y return: 16.59% (top quartile). 5Y return: 3.57% (bottom quartile). 1Y return: 8.55% (upper mid). 1Y return: 8.43% (upper mid). 1Y return: 8.14% (upper mid). 1Y return: 7.93% (lower mid). 1Y return: 7.86% (lower mid). 1Y return: 7.81% (bottom quartile). 1Y return: 7.75% (bottom quartile). 1Y return: 7.72% (bottom quartile). Point 6 3Y return: 18.74% (top quartile). 3Y return: 9.26% (top quartile). 1M return: 0.39% (upper mid). 1M return: 0.27% (lower mid). 1M return: 0.19% (lower mid). 1M return: 0.46% (upper mid). 1M return: 0.47% (upper mid). 1M return: -0.39% (bottom quartile). 1M return: -0.24% (bottom quartile). 1M return: -0.46% (bottom quartile). Point 7 1Y return: 22.98% (top quartile). 1Y return: 12.57% (top quartile). Sharpe: 2.44 (upper mid). Sharpe: 1.73 (upper mid). Sharpe: 1.86 (upper mid). Sharpe: 3.76 (top quartile). Sharpe: 3.35 (top quartile). Sharpe: 1.46 (lower mid). Sharpe: 1.31 (bottom quartile). Sharpe: 1.54 (lower mid). Point 8 Alpha: -1.71 (bottom quartile). Alpha: 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). Point 9 Sharpe: 0.78 (bottom quartile). Sharpe: 0.57 (bottom quartile). 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): 6.60% (upper mid). Yield to maturity (debt): 6.17% (lower mid). Yield to maturity (debt): 6.88% (upper mid). Yield to maturity (debt): 6.78% (upper mid). Yield to maturity (debt): 6.90% (top quartile). Point 10 Information ratio: -0.40 (bottom quartile). Information ratio: 0.00 (top quartile). Modified duration: 1.99 yrs (lower mid). Modified duration: 0.54 yrs (upper mid). Modified duration: 1.78 yrs (lower mid). Modified duration: 0.49 yrs (upper mid). Modified duration: 0.47 yrs (upper mid). Modified duration: 4.20 yrs (bottom quartile). Modified duration: 3.52 yrs (bottom quartile). Modified duration: 4.53 yrs (bottom quartile). DSP US Flexible Equity Fund
Franklin Asian Equity Fund
Axis Credit Risk Fund
PGIM India Credit Risk Fund
UTI Banking & PSU Debt Fund
Aditya Birla Sun Life Savings Fund
Aditya Birla Sun Life Money Manager Fund
HDFC Corporate Bond Fund
HDFC Banking and PSU Debt Fund
Aditya Birla Sun Life Corporate Bond Fund
The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of BGF – USFEF. The Scheme may, at the discretion of the Investment Manager also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/or money market/liquid schemes of DSP BlackRock Mutual Fund, in order to meet liquidity requirements from time to time. However, there is no assurance that the investment objective of the Scheme will be realized. It shall be noted ‘similar overseas mutual fund schemes’ shall have investment objective, investment strategy and risk profile/consideration similar to those of BGF – USFEF. Below is the key information for DSP US Flexible Equity Fund Returns up to 1 year are on An open-end diversified equity fund that seeks to provide medium to long term appreciation through investments primarily in Asian Companies / sectors (excluding Japan) with long term potential across market capitalisation. Research Highlights for Franklin Asian Equity Fund Below is the key information for Franklin Asian Equity Fund Returns up to 1 year are on (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 Below is the key information for Axis Credit Risk Fund Returns up to 1 year are on (Erstwhile DHFL Pramerica Credit Opportunities Fund) The investment objective of the Scheme is to generate income and capital appreciation by investing predominantly in corporate debt. There can be no assurance that the investment objective of the Scheme will be realized. Research Highlights for PGIM India Credit Risk Fund Below is the key information for PGIM India Credit Risk Fund Returns up to 1 year are on The investment objective of the scheme is to generate steady and reasonable income, with low risk and high level of liquidity from a portfolio of predominantly debt & money market securities by Banks and Public Sector Undertakings (PSUs). Research Highlights for UTI Banking & PSU Debt Fund Below is the key information for UTI Banking & PSU Debt Fund Returns up to 1 year are on The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents. Research Highlights for Aditya Birla Sun Life Savings Fund Below is the key information for Aditya Birla Sun Life Savings Fund Returns up to 1 year are on (Erstwhile Aditya Birla Sun Life Floating Rate Fund - Short Term) The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments. Research Highlights for Aditya Birla Sun Life Money Manager Fund Below is the key information for Aditya Birla Sun Life Money Manager Fund Returns up to 1 year are on (Erstwhile HDFC Medium Term Opportunities Fund) To generate regular income through investments in Debt/
Money Market Instruments and Government Securities with
maturities not exceeding 60 months. Research Highlights for HDFC Corporate Bond Fund Below is the key information for HDFC Corporate Bond Fund Returns up to 1 year are on To generate regular income through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks and Public Sector undertakings. There is no assurance that the investment objective of the Scheme will be realized. Research Highlights for HDFC Banking and PSU Debt Fund Below is the key information for HDFC Banking and PSU Debt Fund Returns up to 1 year are on (Erstwhile Aditya Birla Sun Life Short Term Fund) An Open-ended income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a diversified portfolio of debt and money market securities. Research Highlights for Aditya Birla Sun Life Corporate Bond Fund Below is the key information for Aditya Birla Sun Life Corporate Bond Fund Returns up to 1 year are on 1. DSP US Flexible Equity Fund
DSP US Flexible Equity Fund
Growth Launch Date 3 Aug 12 NAV (29 Aug 25) ₹67.7398 ↑ 0.00 (0.00 %) Net Assets (Cr) ₹989 on 31 Jul 25 Category Equity - Global AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆☆ Risk High Expense Ratio 1.55 Sharpe Ratio 0.78 Information Ratio -0.4 Alpha Ratio -1.71 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-12 Months (1%),12 Months and above(NIL) Sub Cat. Global Growth of 10,000 investment over the years.
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹12,790 31 Aug 22 ₹12,729 31 Aug 23 ₹14,669 31 Aug 24 ₹17,491 31 Aug 25 ₹21,484 Returns for DSP US Flexible Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 29 Aug 25 Duration Returns 1 Month 3.2% 3 Month 14.6% 6 Month 16.2% 1 Year 23% 3 Year 18.7% 5 Year 16.6% 10 Year 15 Year Since launch 15.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 17.8% 2023 22% 2022 -5.9% 2021 24.2% 2020 22.6% 2019 27.5% 2018 -1.1% 2017 15.5% 2016 9.8% 2015 2.5% Fund Manager information for DSP US Flexible Equity Fund
Name Since Tenure Jay Kothari 1 Mar 13 12.51 Yr. Data below for DSP US Flexible Equity Fund as on 31 Jul 25
Equity Sector Allocation
Sector Value Technology 31.34% Financial Services 17.84% Communication Services 14.32% Health Care 11.78% Consumer Cyclical 9.65% Industrials 6.96% Basic Materials 3.03% Energy 2.85% Asset Allocation
Asset Class Value Cash 2.23% Equity 97.76% Debt 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity BGF US Flexible Equity I2
Investment Fund | -99% ₹980 Cr 2,024,037 Treps / Reverse Repo Investments
CBLO/Reverse Repo | -1% ₹10 Cr Net Receivables/Payables
Net Current Assets | -0% -₹1 Cr 2. Franklin Asian Equity Fund
Franklin Asian Equity Fund
Growth Launch Date 16 Jan 08 NAV (02 Sep 25) ₹31.8873 ↓ -0.11 (-0.35 %) Net Assets (Cr) ₹270 on 31 Jul 25 Category Equity - Global AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 2.54 Sharpe Ratio 0.57 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-3 Years (1%),3 Years and above(NIL) Sub Cat. Global Growth of 10,000 investment over the years.
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹11,218 31 Aug 22 ₹9,229 31 Aug 23 ₹9,220 31 Aug 24 ₹10,588 31 Aug 25 ₹11,829 Returns for Franklin Asian Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 29 Aug 25 Duration Returns 1 Month 2.9% 3 Month 9.2% 6 Month 13.6% 1 Year 12.6% 3 Year 9.3% 5 Year 3.6% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 14.4% 2023 0.7% 2022 -14.5% 2021 -5.9% 2020 25.8% 2019 28.2% 2018 -13.6% 2017 35.5% 2016 7.2% 2015 -4.6% Fund Manager information for Franklin Asian Equity Fund
Name Since Tenure Sandeep Manam 18 Oct 21 3.87 Yr. Shyam Sriram 26 Sep 24 0.93 Yr. Data below for Franklin Asian Equity Fund as on 31 Jul 25
Equity Sector Allocation
Sector Value Consumer Cyclical 23.98% Technology 23.94% Financial Services 22.62% Industrials 7.13% Communication Services 5.59% Health Care 3.86% Consumer Defensive 3.77% Basic Materials 2.39% Real Estate 2.15% Utility 1.29% Asset Allocation
Asset Class Value Cash 3.3% Equity 96.7% Top Securities Holdings / Portfolio
Name Holding Value Quantity Taiwan Semiconductor Manufacturing Co Ltd (Technology)
Equity, Since 31 Mar 09 | 233010% ₹27 Cr 79,000
↓ -32,000 Tencent Holdings Ltd (Communication Services)
Equity, Since 31 Jul 14 | 007006% ₹15 Cr 24,600
↑ 2,300 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 24 | HDFCBANK5% ₹14 Cr 68,247 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 24 | ICICIBANK5% ₹13 Cr 87,497 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | 5433203% ₹9 Cr 287,506 MediaTek Inc (Technology)
Equity, Since 31 Aug 20 | 24543% ₹9 Cr 22,000
↑ 3,000 Samsung Electronics Co Ltd (Technology)
Equity, Since 31 Mar 08 | 0059303% ₹8 Cr 18,063
↑ 2,716 AIA Group Ltd (Financial Services)
Equity, Since 31 Mar 12 | 012993% ₹8 Cr 95,600 Alibaba Group Holding Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Dec 20 | 099883% ₹8 Cr 59,604
↓ -10,800 SK Hynix Inc (Technology)
Equity, Since 30 Jun 20 | 0006603% ₹7 Cr 4,247 3. Axis Credit Risk Fund
Axis Credit Risk Fund
Growth Launch Date 15 Jul 14 NAV (02 Sep 25) ₹21.6772 ↑ 0.01 (0.03 %) Net Assets (Cr) ₹367 on 31 Jul 25 Category Debt - Credit Risk AMC Axis Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderate Expense Ratio 1.57 Sharpe Ratio 2.44 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 7.81% Effective Maturity 2 Years 3 Months 29 Days Modified Duration 1 Year 11 Months 26 Days Sub Cat. Credit Risk Growth of 10,000 investment over the years.
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹10,788 31 Aug 22 ₹11,184 31 Aug 23 ₹11,912 31 Aug 24 ₹12,820 31 Aug 25 ₹13,918 Returns for Axis Credit Risk Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 29 Aug 25 Duration Returns 1 Month 0.4% 3 Month 1.5% 6 Month 4.8% 1 Year 8.6% 3 Year 7.5% 5 Year 6.8% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 8% 2023 7% 2022 4% 2021 6% 2020 8.2% 2019 4.4% 2018 5.9% 2017 6.4% 2016 9.8% 2015 8.7% Fund Manager information for Axis Credit Risk Fund
Name Since Tenure Devang Shah 15 Jul 14 11.14 Yr. Akhil Thakker 9 Nov 21 3.81 Yr. Data below for Axis Credit Risk Fund as on 31 Jul 25
Asset Allocation
Asset Class Value Cash 7.34% Equity 3.15% Debt 89.02% Other 0.48% Debt Sector Allocation
Sector Value Corporate 80.71% Government 8.31% Cash Equivalent 7.34% Credit Quality
Rating Value A 11.24% AA 66.78% AAA 21.98% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kohima-Mariani Transmission Limited
Debentures | -5% ₹20 Cr 2,000 Birla Corporation Limited
Debentures | -4% ₹16 Cr 230 Jubilant Bevco Limited
Debentures | -4% ₹16 Cr 1,500 Narayana Hrudayalaya Limited
Debentures | -4% ₹15 Cr 1,500 Aditya Birla Renewables Limited
Debentures | -4% ₹15 Cr 1,500 Nirma Limited
Debentures | -4% ₹15 Cr 1,500 Infopark Properties 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 Delhi International Airport Limited
Debentures | -4% ₹15 Cr 150 4. PGIM India Credit Risk Fund
PGIM India Credit Risk Fund
Growth Launch Date 29 Sep 14 NAV (21 Jan 22) ₹15.5876 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹39 on 31 Dec 21 Category Debt - Credit Risk AMC Pramerica Asset Managers Private Limited Rating ☆☆☆☆☆ Risk Moderate Expense Ratio 1.85 Sharpe Ratio 1.73 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Yield to Maturity 5.01% Effective Maturity 7 Months 2 Days Modified Duration 6 Months 14 Days Sub Cat. Credit Risk Growth of 10,000 investment over the years.
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹10,910 Returns for PGIM India Credit Risk Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 29 Aug 25 Duration Returns 1 Month 0.3% 3 Month 0.6% 6 Month 4.4% 1 Year 8.4% 3 Year 3% 5 Year 4.2% 10 Year 15 Year Since launch 6.3% Historical performance (Yearly) on absolute basis
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for PGIM India Credit Risk Fund
Name Since Tenure Data below for PGIM India Credit Risk Fund as on 31 Dec 21
Asset Allocation
Asset Class Value Debt Sector Allocation
Sector Value Credit Quality
Rating Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 5. UTI Banking & PSU Debt Fund
UTI Banking & PSU Debt Fund
Growth Launch Date 3 Feb 14 NAV (02 Sep 25) ₹22.1773 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹810 on 31 Jul 25 Category Debt - Banking & PSU Debt AMC UTI Asset Management Company Ltd Rating ☆☆☆☆☆ Risk Moderate Expense Ratio 0.54 Sharpe Ratio 1.86 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.47% Effective Maturity 2 Years 11 Days Modified Duration 1 Year 9 Months 11 Days Sub Cat. Banking & PSU Debt Growth of 10,000 investment over the years.
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹10,410 31 Aug 22 ₹11,443 31 Aug 23 ₹12,099 31 Aug 24 ₹12,985 31 Aug 25 ₹14,048 Returns for UTI Banking & PSU Debt Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 29 Aug 25 Duration Returns 1 Month 0.2% 3 Month 1.1% 6 Month 4.6% 1 Year 8.1% 3 Year 7.1% 5 Year 7% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.6% 2023 6.7% 2022 10.3% 2021 2.8% 2020 8.9% 2019 -1% 2018 6.8% 2017 6.4% 2016 11.7% 2015 8.6% Fund Manager information for UTI Banking & PSU Debt Fund
Name Since Tenure Anurag Mittal 1 Dec 21 3.75 Yr. Data below for UTI Banking & PSU Debt Fund as on 31 Jul 25
Asset Allocation
Asset Class Value Cash 4.85% Debt 94.83% Other 0.33% Debt Sector Allocation
Sector Value Corporate 54.99% Government 39.84% Cash Equivalent 4.85% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.38% Govt Stock 2027
Sovereign Bonds | -11% ₹93 Cr 900,000,000 Axis Bank Limited
Debentures | -7% ₹56 Cr 550 Export Import Bank Of India
Debentures | -6% ₹51 Cr 5,000 Small Industries Development Bank Of India
Debentures | -6% ₹51 Cr 5,000 Power Finance Corporation Limited
Debentures | -5% ₹41 Cr 400 Rural Electrification Corporation Limited
Debentures | -4% ₹36 Cr 3,500 National Housing Bank
Debentures | -4% ₹36 Cr 3,500 HDFC Bank Limited
Debentures | -4% ₹35 Cr 350 Indian Railway Finance Corporation Limited
Debentures | -4% ₹31 Cr 300 National Bank For Agriculture And Rural Development
Debentures | -4% ₹31 Cr 3,000 6. Aditya Birla Sun Life Savings Fund
Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (02 Sep 25) ₹554.986 ↑ 0.08 (0.01 %) Net Assets (Cr) ₹20,795 on 31 Jul 25 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.55 Sharpe Ratio 3.76 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.6% Effective Maturity 7 Months 2 Days Modified Duration 5 Months 26 Days Sub Cat. Ultrashort Bond Growth of 10,000 investment over the years.
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹10,454 31 Aug 22 ₹10,863 31 Aug 23 ₹11,610 31 Aug 24 ₹12,473 31 Aug 25 ₹13,462 Returns for Aditya Birla Sun Life Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 29 Aug 25 Duration Returns 1 Month 0.5% 3 Month 1.7% 6 Month 4.1% 1 Year 7.9% 3 Year 7.4% 5 Year 6.1% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.9% 2023 7.2% 2022 4.8% 2021 3.9% 2020 7% 2019 8.5% 2018 7.6% 2017 7.2% 2016 9.2% 2015 8.9% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 20 Jun 14 11.21 Yr. Kaustubh Gupta 15 Jul 11 14.14 Yr. Monika Gandhi 22 Mar 21 4.45 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 31 Jul 25
Asset Allocation
Asset Class Value Cash 43.54% Debt 56.21% Other 0.25% Debt Sector Allocation
Sector Value Corporate 63.99% Cash Equivalent 23.22% Government 12.53% Credit Quality
Rating Value AA 30.21% AAA 69.91% Top Securities Holdings / Portfolio
Name Holding Value Quantity Shriram Finance Limited
Debentures | -3% ₹614 Cr 60,000 Nirma Limited
Debentures | -2% ₹488 Cr 48,500 91 Days Tbill Red 30-10-2025
Sovereign Bonds | -2% ₹415 Cr 42,000,000 07.22 GJ Sdl 2028
Sovereign Bonds | -2% ₹378 Cr 37,500,000 Bharti Telecom Limited
Debentures | -2% ₹361 Cr 3,600 Mankind Pharma Limited
Debentures | -2% ₹349 Cr 34,500 Bharti Telecom Limited
Debentures | -1% ₹321 Cr 3,200 National Bank For Agriculture And Rural Development
Debentures | -1% ₹316 Cr 3,150 Avanse Financial Services Limited
Debentures | -1% ₹301 Cr 30,000 Power Finance Corporation Limited
Debentures | -1% ₹298 Cr 30,000 7. Aditya Birla Sun Life Money Manager Fund
Aditya Birla Sun Life Money Manager Fund
Growth Launch Date 13 Oct 05 NAV (02 Sep 25) ₹374.815 ↑ 0.03 (0.01 %) Net Assets (Cr) ₹29,515 on 31 Jul 25 Category Debt - Money Market AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Low Expense Ratio 0.35 Sharpe Ratio 3.35 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.17% Effective Maturity 5 Months 19 Days Modified Duration 5 Months 19 Days Sub Cat. Money Market Growth of 10,000 investment over the years.
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹10,410 31 Aug 22 ₹10,822 31 Aug 23 ₹11,594 31 Aug 24 ₹12,475 31 Aug 25 ₹13,457 Returns for Aditya Birla Sun Life Money Manager Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 29 Aug 25 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 4.1% 1 Year 7.9% 3 Year 7.5% 5 Year 6.1% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.8% 2023 7.4% 2022 4.8% 2021 3.8% 2020 6.6% 2019 8% 2018 7.9% 2017 6.8% 2016 7.7% 2015 8.4% Fund Manager information for Aditya Birla Sun Life Money Manager Fund
Name Since Tenure Kaustubh Gupta 15 Jul 11 14.14 Yr. Anuj Jain 22 Mar 21 4.45 Yr. Mohit Sharma 1 Apr 17 8.42 Yr. Data below for Aditya Birla Sun Life Money Manager Fund as on 31 Jul 25
Asset Allocation
Asset Class Value Cash 90.48% Debt 9.27% Other 0.25% Debt Sector Allocation
Sector Value Cash Equivalent 43.91% Corporate 41.88% Government 13.96% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 5.15% Govt Stock 2025
Sovereign Bonds | -2% ₹724 Cr 72,500,000
↓ -2,500,000 182 DTB 29082025
Sovereign Bonds | -2% ₹504 Cr 50,500,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -1% ₹338 Cr 7,000 5.63% Govt Stock 2026
Sovereign Bonds | -1% ₹315 Cr 31,500,000 182 Days Tbill
Sovereign Bonds | -1% ₹299 Cr 30,000,000 India (Republic of)
- | -1% ₹245 Cr 25,000,000 7.59% Govt Stock 2026
Sovereign Bonds | -1% ₹242 Cr 24,000,000 Gs CG 12/12/2025 - (Strips) Tb
Sovereign Bonds | -1% ₹187 Cr 19,009,500 08.16 KA Sdl 2025
Sovereign Bonds | -1% ₹181 Cr 18,000,000 Gs CG 19/12/2025 - (Strips) Tb
Sovereign Bonds | -1% ₹159 Cr 16,244,600 8. HDFC Corporate Bond Fund
HDFC Corporate Bond Fund
Growth Launch Date 29 Jun 10 NAV (02 Sep 25) ₹32.7455 ↓ 0.00 (-0.01 %) Net Assets (Cr) ₹35,968 on 31 Jul 25 Category Debt - Corporate Bond AMC HDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.6 Sharpe Ratio 1.46 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load NIL Yield to Maturity 6.88% Effective Maturity 6 Years 9 Months 11 Days Modified Duration 4 Years 2 Months 12 Days Sub Cat. Corporate Bond Growth of 10,000 investment over the years.
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹10,628 31 Aug 22 ₹10,922 31 Aug 23 ₹11,662 31 Aug 24 ₹12,591 31 Aug 25 ₹13,577 Returns for HDFC Corporate Bond Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 29 Aug 25 Duration Returns 1 Month -0.4% 3 Month 0.1% 6 Month 4.1% 1 Year 7.8% 3 Year 7.5% 5 Year 6.2% 10 Year 15 Year Since launch 8.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 8.6% 2023 7.2% 2022 3.3% 2021 3.9% 2020 11.8% 2019 10.3% 2018 6.5% 2017 6.5% 2016 10.6% 2015 8.6% Fund Manager information for HDFC Corporate Bond Fund
Name Since Tenure Anupam Joshi 27 Oct 15 9.85 Yr. Dhruv Muchhal 22 Jun 23 2.2 Yr. Data below for HDFC Corporate Bond Fund as on 31 Jul 25
Asset Allocation
Asset Class Value Cash 3.09% Debt 96.64% Other 0.28% Debt Sector Allocation
Sector Value Corporate 58.29% Government 38.35% Cash Equivalent 3.09% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.92% Govt Stock 2039
Sovereign Bonds | -7% ₹2,376 Cr 235,000,000 Bajaj Finance Limited
Debentures | -3% ₹1,126 Cr 112,500 7.81% Govt Stock 2033
Sovereign Bonds | -3% ₹925 Cr 89,000,000 6.68% Government Of India
Sovereign Bonds | -3% ₹906 Cr 91,500,000
↑ 14,000,000 State Bank Of India
Debentures | -2% ₹805 Cr 800 HDFC Bank Limited
Debentures | -1% ₹517 Cr 50,000 LIC Housing Finance Ltd
Debentures | -1% ₹509 Cr 5,000 Small Industries Development Bank Of India
Debentures | -1% ₹509 Cr 50,000 6.99% Govt Stock 2034
Sovereign Bonds | -1% ₹485 Cr 47,500,000 Rural Electrification Corporation Limited
Debentures | -1% ₹472 Cr 4,500 9. HDFC Banking and PSU Debt Fund
HDFC Banking and PSU Debt Fund
Growth Launch Date 26 Mar 14 NAV (02 Sep 25) ₹23.1774 ↓ -0.01 (-0.02 %) Net Assets (Cr) ₹5,935 on 31 Jul 25 Category Debt - Banking & PSU Debt AMC HDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.78 Sharpe Ratio 1.31 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load NIL Yield to Maturity 6.78% Effective Maturity 5 Years 1 Month 17 Days Modified Duration 3 Years 6 Months 7 Days Sub Cat. Banking & PSU Debt Growth of 10,000 investment over the years.
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹10,570 31 Aug 22 ₹10,862 31 Aug 23 ₹11,559 31 Aug 24 ₹12,425 31 Aug 25 ₹13,391 Returns for HDFC Banking and PSU Debt Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 29 Aug 25 Duration Returns 1 Month -0.2% 3 Month 0.3% 6 Month 4.3% 1 Year 7.8% 3 Year 7.2% 5 Year 5.9% 10 Year 15 Year Since launch 7.6% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.9% 2023 6.8% 2022 3.3% 2021 3.7% 2020 10.6% 2019 10.2% 2018 5.9% 2017 6.3% 2016 10.8% 2015 9.8% Fund Manager information for HDFC Banking and PSU Debt Fund
Name Since Tenure Anil Bamboli 26 Mar 14 11.44 Yr. Dhruv Muchhal 22 Jun 23 2.2 Yr. Data below for HDFC Banking and PSU Debt Fund as on 31 Jul 25
Asset Allocation
Asset Class Value Cash 4.32% Debt 95.39% Other 0.29% Debt Sector Allocation
Sector Value Corporate 53.62% Government 41.77% Cash Equivalent 4.32% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Indian Railway Finance Corporation Limited
Debentures | -5% ₹281 Cr 27,500 Small Industries Development Bank Of India
Debentures | -4% ₹226 Cr 22,500 Indian Railway Finance Corporation Limited
Debentures | -3% ₹205 Cr 20,000 7.18% Govt Stock 2033
Sovereign Bonds | -3% ₹197 Cr 19,000,000 Bajaj Housing Finance Limited
Debentures | -3% ₹153 Cr 15,000 Rec Limited
Debentures | -3% ₹153 Cr 1,500 Housing And Urban Development Corporation Limited
Debentures | -3% ₹152 Cr 15,000 7.26% Govt Stock 2033
Sovereign Bonds | -3% ₹151 Cr 14,500,000 State Bank Of India
Debentures | -2% ₹146 Cr 145 Housing And Urban Development Corporation Limited
Debentures | -2% ₹132 Cr 1,250 10. Aditya Birla Sun Life Corporate Bond Fund
Aditya Birla Sun Life Corporate Bond Fund
Growth Launch Date 3 Mar 97 NAV (02 Sep 25) ₹113.464 ↑ 0.01 (0.01 %) Net Assets (Cr) ₹28,598 on 31 Jul 25 Category Debt - Corporate Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.52 Sharpe Ratio 1.54 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 6.9% Effective Maturity 6 Years 10 Months 17 Days Modified Duration 4 Years 6 Months 11 Days Sub Cat. Corporate Bond Growth of 10,000 investment over the years.
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹10,645 31 Aug 22 ₹10,986 31 Aug 23 ₹11,743 31 Aug 24 ₹12,688 31 Aug 25 ₹13,667 Returns for Aditya Birla Sun Life Corporate Bond Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 29 Aug 25 Duration Returns 1 Month -0.5% 3 Month 0% 6 Month 3.9% 1 Year 7.7% 3 Year 7.5% 5 Year 6.4% 10 Year 15 Year Since launch 8.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 8.5% 2023 7.3% 2022 4.1% 2021 4% 2020 11.9% 2019 9.6% 2018 7% 2017 6.5% 2016 10.2% 2015 8.9% Fund Manager information for Aditya Birla Sun Life Corporate Bond Fund
Name Since Tenure Kaustubh Gupta 12 Apr 21 4.39 Yr. Data below for Aditya Birla Sun Life Corporate Bond Fund as on 31 Jul 25
Asset Allocation
Asset Class Value Cash 3.24% Debt 96.48% Other 0.28% Debt Sector Allocation
Sector Value Corporate 57.46% Government 39.02% Cash Equivalent 3.24% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.92% Govt Stock 2039
Sovereign Bonds | -10% ₹2,718 Cr 268,736,200
↑ 2,000,000 6.79% Govt Stock 2034
Sovereign Bonds | -8% ₹2,190 Cr 214,500,000
↑ 11,500,000 National Bank For Agriculture And Rural Development
Debentures | -4% ₹1,156 Cr 113,500
↓ -15,000 7.1% Govt Stock 2034
Sovereign Bonds | -3% ₹841 Cr 81,161,700 Small Industries Development Bank Of India
Debentures | -3% ₹750 Cr 74,550 Small Industries Development Bank Of India
Debentures | -2% ₹603 Cr 6,000 Jamnagar Utilities & Power Private Limited
Debentures | -2% ₹594 Cr 59,000 Rec Limited
Debentures | -2% ₹585 Cr 60,000 7.34% Govt Stock 2064
Sovereign Bonds | -2% ₹574 Cr 56,500,000
↑ 6,000,000 Bajaj Housing Finance Limited
Debentures | -2% ₹563 Cr 55,000
Whether you're a novice or a trained mutual fund investor, there are a few things that you must consider before putting your money in the market, such as:
Note that the risk associated with each mutual fund category varies. It's not feasible to categorise a specific mutual fund category as high or low risk based on a universal scale or parameter. While equity mutual funds may appear to have a lower risk than direct equity investments, every mutual fund category carries its level of risk. Therefore, before investing in any mutual fund, assessing the riskometer associated with that particular fund is imperative. Each scheme is assigned a risk level, enabling you to understand the risks.
Another critical point is that direct plans boast lower Expense Ratios than regular plans, leading to superior returns. Some investors mistakenly believe that direct plans and regular plans of mutual fund schemes differ significantly. In reality, they represent plans for the same scheme. Consequently, fund house costs are lower, translating to reduced annual investor expenses.
Mutual fund returns are typically annualised, potentially misleading investors into expecting consistent annual returns. However, mutual fund returns are not linear and can fluctuate significantly. For instance, a scheme may yield +10% returns in one year and -2% returns in the next. Such variability necessitates preparation to handle fluctuations in annual returns.
Consistent returns are indicative of a robust fund, surpassing sporadic high-return funds. Consistency in performance is crucial for mitigating losses and increasing the likelihood of favourable returns over the long term. A consistent fund is better positioned to offset losses and deliver superior annualised returns.
SIPs instil investing discipline by automating investments and leveraging market volatility. SIPs enable you to capitalise on market downturns by acquiring more units at lower prices, effectively reducing the overall investment cost. This strategy, known as Rupee Cost Averaging, facilitates long-term wealth accumulation.
Diversification through Asset Allocation is essential to mitigate portfolio risk. Before investing, determine the allocation across asset classes like equities, gold, and debt. Additionally, periodic rebalancing is critical to maintain the desired asset allocation. Rebalancing involves adjusting the portfolio by booking profits from asset classes that have appreciated and reinvesting in underweighted asset classes, ensuring alignment with investment objectives.
To ensure healthy returns from mutual fund investments, it is wise to consider the following guidelines:
Choosing mutual funds involves a two-stage process: selecting the category and then choosing the scheme that aligns with one's goals and risk tolerance. Fund type, performance, AMC track record, and fund manager expertise should be carefully evaluated. It's also important to consider the scheme's operational fees, exit charges, and volatility. Also, you should consider the tax implications of long-term and short-term gains across all fund categories before deciding.
Research Highlights for DSP US Flexible Equity Fund