શ્રેષ્ઠ બોન્ડ મ્યુચ્યુઅલ ફંડ્સ 2022

Updated on August 11, 2025 , 28488 views

બોન્ડમ્યુચ્યુઅલ ફંડ કરતાં વધુ વળતર આપે છેબેંક એકાઉન્ટ્સ અને પ્રકૃતિમાં અત્યંત પ્રવાહી છે, જેનો અર્થ છે કે રોકાણકારો કોઈપણ સમયે તેમના રોકાણને રિડીમ કરી શકે છે. કેટલાક શ્રેષ્ઠ મુખ્યરોકાણના ફાયદા બોન્ડ ફંડ્સમાં ઓછી કિંમતનું માળખું, પ્રમાણમાં વધુ વળતર, ઊંચું હોય છેપ્રવાહિતા અને વાજબી સલામતી.

બોન્ડ ફંડ તરીકે પણ ઓળખાય છેડેટ ફંડ. તે એક પ્રકારની મ્યુચ્યુઅલ ફંડ સ્કીમ છે જે ફિક્સમાં રોકાણ કરે છેઆવક સરકાર અને કોર્પોરેટ જેવા સાધનોબોન્ડ,મની માર્કેટ સાધનો, કોર્પોરેટ ડેટ સિક્યોરિટીઝ વગેરે, જે ઓફર કરે છેપાટનગર પ્રશંસા બોન્ડ ફંડ એ સરેરાશ જોખમ-વિરોધી રોકાણકારો માટે એક આદર્શ રોકાણ છે જેઓ સ્થિર અને નિયમિત આવક શોધી રહ્યા છે. આ ભંડોળ ઓછું અસ્થિર છે અને તેથી તે કરતાં ઓછા જોખમી છેઇક્વિટી ફંડ્સ. વધુમાં, બોન્ડ ફંડ્સ બેંક માટે વધુ સારો વિકલ્પ બની શકે છેફિક્સ્ડ ડિપોઝિટ.

નીચે આપેલા શ્રેષ્ઠ બોન્ડ ફંડ્સ કેટેગરી રેન્કિંગ મુજબ છે જે તમને તમારા હાંસલ કરવામાં મદદ કરી શકે છેનાણાકીય લક્ષ્યો અને તમને વધુ સારું વળતર મેળવવામાં મદદ કરી શકે છે.

બોન્ડ અને બોન્ડ મ્યુચ્યુઅલ ફંડ વચ્ચેનો તફાવત

બોન્ડ

તે કોર્પોરેશનો અથવા સરકારો જેવી સંસ્થાઓ દ્વારા જારી કરાયેલ દેવાની જવાબદારીઓ છે. તેથી, જ્યારે એકરોકાણકાર બોન્ડ ખરીદી રહ્યા છે, તે એક નિર્ધારિત મુદત માટે એન્ટિટીને નાણા ધિરાણ આપી રહ્યા છે. બદલામાં, તમને કાર્યકાળના અંત સુધી વ્યાજ મળે છે.

બોન્ડ ફંડ્સ

તે મ્યુચ્યુઅલ ફંડ અથવા એક્સચેન્જ-ટ્રેડ ફંડ છે (ETFs) જે પોર્ટફોલિયો બોન્ડમાં રોકાણ કરે છે. આદર્શરીતે, બોન્ડ ફંડમાં ચોક્કસ પ્રકારના બોન્ડનો સમાવેશ થાય છે, જેમ કે કોર્પોરેટ અથવા સરકાર. તેઓ વધુ પરિપક્વતા દ્વારા વ્યાખ્યાયિત કરવામાં આવે છે, જેમ કે નીચે આપેલ છે.

બોન્ડ મ્યુચ્યુઅલ ફંડમાં શા માટે રોકાણ કરવું?

આ ભંડોળના કેટલાક મહત્વપૂર્ણ ફાયદાઓ છે:

નિયમિત આવક મેળવવા માટે બોન્ડ ફંડ એક સારો વિકલ્પ છે. દાખલા તરીકે, ડિવિડન્ડ ચૂકવણીની પસંદગી નિયમિત આવક માટેનો વિકલ્પ હોઈ શકે છે.
ટૂંકા નાણાકીય ધ્યેયોની યોજના કરવી તે એક સારો વિકલ્પ છે. ટૂંકા ગાળામાં, આ ભંડોળ સલામતી વળતરની ખાતરી આપે છે અને તેટલું જ પ્રવાહી પણ છે.
બોન્ડ ફંડ્સમાં, તમે કોઈપણ સમયે તમારા રોકાણમાંથી આંશિક નાણાં પણ ઉપાડી/રીડીમ કરી શકો છો અને બાકીના નાણાંનું રોકાણ રહેવા દઈ શકો છો.
જેમ કે, બોન્ડ ફંડ્સ મોટાભાગે સરકારી સિક્યોરિટીઝમાં રોકાણ કરે છે તેઓ ઇક્વિટીની અસ્થિરતાથી પ્રભાવિત થતા નથી.બજાર. આથી, જેઓ જોખમ-વિરોધી છે તેમના માટે તે શ્રેષ્ઠ રોકાણ માર્ગ છે.

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< 1 વર્ષ માટે રોકાણ કરવા માટે બોન્ડ ફંડ

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Aditya Birla Sun Life Savings Fund Growth	₹553.418 ↑ 0.27	₹20,228	1.9	4	8	7.4	7.9	6.72%	5M 26D	6M 29D
Indiabulls Liquid Fund Growth	₹2,542.98 ↑ 0.41	₹328	1.5	3.4	7	6.9	7.4	5.87%	1M 28D	1M 29D
PGIM India Insta Cash Fund Growth	₹342.315 ↑ 0.06	₹357	1.5	3.3	7	7	7.3	5.9%	1M 20D	1M 24D
JM Liquid Fund Growth	₹71.7384 ↑ 0.01	₹1,909	1.5	3.3	6.9	6.9	7.2	5.87%	1M 16D	1M 19D
UTI Ultra Short Term Fund Growth	₹4,272.08 ↑ 0.80	₹4,551	1.6	3.6	7.2	6.8	7.2	6.46%	5M 12D	5M 19D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Aug 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Aditya Birla Sun Life Savings Fund	Indiabulls Liquid Fund	PGIM India Insta Cash Fund	JM Liquid Fund	UTI Ultra Short Term Fund
Point 1	Highest AUM (₹20,228 Cr).	Bottom quartile AUM (₹328 Cr).	Bottom quartile AUM (₹357 Cr).	Lower mid AUM (₹1,909 Cr).	Upper mid AUM (₹4,551 Cr).
Point 2	Established history (22+ yrs).	Established history (13+ yrs).	Established history (17+ yrs).	Oldest track record among peers (27 yrs).	Established history (21+ yrs).
Point 3	Top rated.	Rating: 5★ (upper mid).	Rating: 5★ (lower mid).	Rating: 5★ (bottom quartile).	Rating: 4★ (bottom quartile).
Point 4	Risk profile: Moderately Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Moderately Low.
Point 5	1Y return: 8.00% (top quartile).	1Y return: 7.03% (lower mid).	1Y return: 7.02% (bottom quartile).	1Y return: 6.90% (bottom quartile).	1Y return: 7.20% (upper mid).
Point 6	1M return: 0.49% (top quartile).	1M return: 0.46% (upper mid).	1M return: 0.46% (lower mid).	1M return: 0.45% (bottom quartile).	1M return: 0.45% (bottom quartile).
Point 7	Sharpe: 3.55 (upper mid).	Sharpe: 3.32 (lower mid).	Sharpe: 3.56 (top quartile).	Sharpe: 3.11 (bottom quartile).	Sharpe: 2.18 (bottom quartile).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: -1.49 (bottom quartile).	Information ratio: -0.92 (lower mid).	Information ratio: -2.34 (bottom quartile).	Information ratio: 0.00 (upper mid).
Point 9	Yield to maturity (debt): 6.72% (top quartile).	Yield to maturity (debt): 5.87% (bottom quartile).	Yield to maturity (debt): 5.90% (lower mid).	Yield to maturity (debt): 5.87% (bottom quartile).	Yield to maturity (debt): 6.46% (upper mid).
Point 10	Modified duration: 0.49 yrs (bottom quartile).	Modified duration: 0.16 yrs (lower mid).	Modified duration: 0.14 yrs (upper mid).	Modified duration: 0.13 yrs (top quartile).	Modified duration: 0.45 yrs (bottom quartile).

Aditya Birla Sun Life Savings Fund

Highest AUM (₹20,228 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 8.00% (top quartile).
1M return: 0.49% (top quartile).
Sharpe: 3.55 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.72% (top quartile).
Modified duration: 0.49 yrs (bottom quartile).

Indiabulls Liquid Fund

Bottom quartile AUM (₹328 Cr).
Established history (13+ yrs).
Rating: 5★ (upper mid).
Risk profile: Low.
1Y return: 7.03% (lower mid).
1M return: 0.46% (upper mid).
Sharpe: 3.32 (lower mid).
Information ratio: -1.49 (bottom quartile).
Yield to maturity (debt): 5.87% (bottom quartile).
Modified duration: 0.16 yrs (lower mid).

PGIM India Insta Cash Fund

Bottom quartile AUM (₹357 Cr).
Established history (17+ yrs).
Rating: 5★ (lower mid).
Risk profile: Low.
1Y return: 7.02% (bottom quartile).
1M return: 0.46% (lower mid).
Sharpe: 3.56 (top quartile).
Information ratio: -0.92 (lower mid).
Yield to maturity (debt): 5.90% (lower mid).
Modified duration: 0.14 yrs (upper mid).

JM Liquid Fund

Lower mid AUM (₹1,909 Cr).
Oldest track record among peers (27 yrs).
Rating: 5★ (bottom quartile).
Risk profile: Low.
1Y return: 6.90% (bottom quartile).
1M return: 0.45% (bottom quartile).
Sharpe: 3.11 (bottom quartile).
Information ratio: -2.34 (bottom quartile).
Yield to maturity (debt): 5.87% (bottom quartile).
Modified duration: 0.13 yrs (top quartile).

UTI Ultra Short Term Fund

Upper mid AUM (₹4,551 Cr).
Established history (21+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 7.20% (upper mid).
1M return: 0.45% (bottom quartile).
Sharpe: 2.18 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.46% (upper mid).
Modified duration: 0.45 yrs (bottom quartile).

> 1 વર્ષ માટે રોકાણ કરવા માટે બોન્ડ ફંડ

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
PGIM India Short Maturity Fund Growth	₹39.3202 ↓ 0.00	₹28	1.2	3.1	6.1	4.2		7.18%	1Y 7M 28D	1Y 11M 1D
Aditya Birla Sun Life Medium Term Plan Growth	₹40.2654 ↑ 0.07	₹2,732	1.7	4.9	13.1	9.3	10.5	7.52%	3Y 7M 17D	4Y 10M 10D
Nippon India Strategic Debt Fund Growth	₹15.9096 ↑ 0.02	₹100	3.1	6.4	10.5	8.2	8.3	7.37%	3Y 5M 1D	4Y 7M 24D
Axis Strategic Bond Fund Growth	₹28.26 ↑ 0.04	₹1,942	1.4	4.7	8.8	7.9	8.7	7.66%	3Y 2M 19D	4Y 1M 17D
Nippon India Short Term Fund Growth	₹53.3292 ↑ 0.05	₹8,330	1.5	4.7	8.7	7.5	8	7.03%	2Y 8M 8D	3Y 4M 28D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 29 Sep 23

Research Highlights & Commentary of 5 Funds showcased

Commentary	PGIM India Short Maturity Fund	Aditya Birla Sun Life Medium Term Plan	Nippon India Strategic Debt Fund	Axis Strategic Bond Fund	Nippon India Short Term Fund
Point 1	Bottom quartile AUM (₹28 Cr).	Upper mid AUM (₹2,732 Cr).	Bottom quartile AUM (₹100 Cr).	Lower mid AUM (₹1,942 Cr).	Highest AUM (₹8,330 Cr).
Point 2	Oldest track record among peers (22 yrs).	Established history (16+ yrs).	Established history (11+ yrs).	Established history (13+ yrs).	Established history (22+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 4★ (lower mid).	Rating: 4★ (bottom quartile).	Rating: 4★ (bottom quartile).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderately Low.
Point 5	1Y return: 6.08% (bottom quartile).	1Y return: 13.09% (top quartile).	1Y return: 10.54% (upper mid).	1Y return: 8.78% (lower mid).	1Y return: 8.70% (bottom quartile).
Point 6	1M return: 0.43% (top quartile).	1M return: 0.21% (upper mid).	1M return: 0.11% (bottom quartile).	1M return: 0.11% (bottom quartile).	1M return: 0.20% (lower mid).
Point 7	Sharpe: -0.98 (bottom quartile).	Sharpe: 3.02 (top quartile).	Sharpe: 1.51 (bottom quartile).	Sharpe: 2.09 (lower mid).	Sharpe: 2.14 (upper mid).
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).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 7.18% (bottom quartile).	Yield to maturity (debt): 7.52% (upper mid).	Yield to maturity (debt): 7.37% (lower mid).	Yield to maturity (debt): 7.66% (top quartile).	Yield to maturity (debt): 7.03% (bottom quartile).
Point 10	Modified duration: 1.66 yrs (top quartile).	Modified duration: 3.63 yrs (bottom quartile).	Modified duration: 3.42 yrs (bottom quartile).	Modified duration: 3.22 yrs (lower mid).	Modified duration: 2.69 yrs (upper mid).

PGIM India Short Maturity Fund

Bottom quartile AUM (₹28 Cr).
Oldest track record among peers (22 yrs).
Top rated.
Risk profile: Moderate.
1Y return: 6.08% (bottom quartile).
1M return: 0.43% (top quartile).
Sharpe: -0.98 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.18% (bottom quartile).
Modified duration: 1.66 yrs (top quartile).

Aditya Birla Sun Life Medium Term Plan

Upper mid AUM (₹2,732 Cr).
Established history (16+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 13.09% (top quartile).
1M return: 0.21% (upper mid).
Sharpe: 3.02 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.52% (upper mid).
Modified duration: 3.63 yrs (bottom quartile).

Nippon India Strategic Debt Fund

Bottom quartile AUM (₹100 Cr).
Established history (11+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
1Y return: 10.54% (upper mid).
1M return: 0.11% (bottom quartile).
Sharpe: 1.51 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.37% (lower mid).
Modified duration: 3.42 yrs (bottom quartile).

Axis Strategic Bond Fund

Lower mid AUM (₹1,942 Cr).
Established history (13+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
1Y return: 8.78% (lower mid).
1M return: 0.11% (bottom quartile).
Sharpe: 2.09 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.66% (top quartile).
Modified duration: 3.22 yrs (lower mid).

Nippon India Short Term Fund

Highest AUM (₹8,330 Cr).
Established history (22+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 8.70% (bottom quartile).
1M return: 0.20% (lower mid).
Sharpe: 2.14 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.03% (bottom quartile).
Modified duration: 2.69 yrs (upper mid).

> 3 વર્ષ માટે રોકાણ કરવા માટે બોન્ડ ફંડ

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
ICICI Prudential Gilt Fund Growth	₹103.241 ↑ 0.40	₹7,276	-0.1	3.9	7.7	8.1	8.2	6.39%	3Y 3M	10Y 22D
UTI Bond Fund Growth	₹73.4236 ↑ 0.24	₹330	-0.5	3.3	6.9	7.1	8.5	6.99%	6Y 2M 19D	9Y 5M 1D
SBI Magnum Income Fund Growth	₹70.8309 ↑ 0.24	₹1,993	-0.2	3.3	6.9	7.3	8.1	6.92%	5Y 6M 25D	8Y 2M 8D
UTI Gilt Fund Growth	₹62.7094 ↑ 0.36	₹639	-1.6	2.6	5.8	7.2	8.9	6.88%	9Y 9M 18D	23Y 9M 14D
SBI Magnum Gilt Fund Growth	₹65.8758 ↑ 0.39	₹12,149	-1.9	2.5	5.7	7.7	8.9	6.47%	6Y 8M 5D	13Y 4M 17D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Aug 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Gilt Fund	UTI Bond Fund	SBI Magnum Income Fund	UTI Gilt Fund	SBI Magnum Gilt Fund
Point 1	Upper mid AUM (₹7,276 Cr).	Bottom quartile AUM (₹330 Cr).	Lower mid AUM (₹1,993 Cr).	Bottom quartile AUM (₹639 Cr).	Highest AUM (₹12,149 Cr).
Point 2	Established history (26+ yrs).	Oldest track record among peers (27 yrs).	Established history (26+ yrs).	Established history (23+ yrs).	Established history (24+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 4★ (lower mid).	Rating: 4★ (bottom quartile).	Rating: 4★ (bottom quartile).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 7.68% (top quartile).	1Y return: 6.94% (upper mid).	1Y return: 6.91% (lower mid).	1Y return: 5.84% (bottom quartile).	1Y return: 5.69% (bottom quartile).
Point 6	1M return: -0.76% (lower mid).	1M return: -0.71% (upper mid).	1M return: -0.53% (top quartile).	1M return: -1.28% (bottom quartile).	1M return: -1.15% (bottom quartile).
Point 7	Sharpe: 1.34 (top quartile).	Sharpe: 0.78 (upper mid).	Sharpe: 0.75 (lower mid).	Sharpe: 0.44 (bottom quartile).	Sharpe: 0.35 (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).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 6.39% (bottom quartile).	Yield to maturity (debt): 6.99% (top quartile).	Yield to maturity (debt): 6.92% (upper mid).	Yield to maturity (debt): 6.88% (lower mid).	Yield to maturity (debt): 6.47% (bottom quartile).
Point 10	Modified duration: 3.25 yrs (top quartile).	Modified duration: 6.22 yrs (lower mid).	Modified duration: 5.57 yrs (upper mid).	Modified duration: 9.80 yrs (bottom quartile).	Modified duration: 6.68 yrs (bottom quartile).

ICICI Prudential Gilt Fund

Upper mid AUM (₹7,276 Cr).
Established history (26+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 7.68% (top quartile).
1M return: -0.76% (lower mid).
Sharpe: 1.34 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.39% (bottom quartile).
Modified duration: 3.25 yrs (top quartile).

UTI Bond Fund

Bottom quartile AUM (₹330 Cr).
Oldest track record among peers (27 yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 6.94% (upper mid).
1M return: -0.71% (upper mid).
Sharpe: 0.78 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.99% (top quartile).
Modified duration: 6.22 yrs (lower mid).

SBI Magnum Income Fund

Lower mid AUM (₹1,993 Cr).
Established history (26+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
1Y return: 6.91% (lower mid).
1M return: -0.53% (top quartile).
Sharpe: 0.75 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.92% (upper mid).
Modified duration: 5.57 yrs (upper mid).

UTI Gilt Fund

Bottom quartile AUM (₹639 Cr).
Established history (23+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
1Y return: 5.84% (bottom quartile).
1M return: -1.28% (bottom quartile).
Sharpe: 0.44 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.88% (lower mid).
Modified duration: 9.80 yrs (bottom quartile).

SBI Magnum Gilt Fund

Highest AUM (₹12,149 Cr).
Established history (24+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
1Y return: 5.69% (bottom quartile).
1M return: -1.15% (bottom quartile).
Sharpe: 0.35 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.47% (bottom quartile).
Modified duration: 6.68 yrs (bottom quartile).

શ્રેષ્ઠ 10-વર્ષ સરકાર. બોન્ડ ફંડ્સ

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
SBI Magnum Constant Maturity Fund Growth	₹63.9462 ↑ 0.28	₹1,900	-0.5	3.8	7.9	7.9	9.1	6.58%	6Y 9M 14D	9Y 7M 28D
ICICI Prudential Constant Maturity Gilt Fund Growth	₹24.8585 ↑ 0.12	₹2,463	-0.2	4.4	8.7	8.2	9.3	6.52%	6Y 10M 2D	9Y 6M
Bandhan Government Securities Fund - Constant Maturity Plan Growth	₹45.9476 ↑ 0.21	₹354	-0.4	4.3	8.4	8.2	9.7	6.58%	6Y 10M 13D	10Y 7D
DSP 10Y G-Sec Fund Growth	₹21.9575 ↑ 0.12	₹57	-0.1	3.9	8	8	9	6.3%	6Y 9M	9Y 3M 11D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Aug 25

Research Highlights & Commentary of 4 Funds showcased

Commentary	SBI Magnum Constant Maturity Fund	ICICI Prudential Constant Maturity Gilt Fund	Bandhan Government Securities Fund - Constant Maturity Plan	DSP 10Y G-Sec Fund
Point 1	Upper mid AUM (₹1,900 Cr).	Highest AUM (₹2,463 Cr).	Lower mid AUM (₹354 Cr).	Bottom quartile AUM (₹57 Cr).
Point 2	Oldest track record among peers (24 yrs).	Established history (10+ yrs).	Established history (23+ yrs).	Established history (10+ yrs).
Point 3	Top rated.	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderately Low.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 7.92% (bottom quartile).	1Y return: 8.74% (top quartile).	1Y return: 8.35% (upper mid).	1Y return: 8.03% (lower mid).
Point 6	1M return: -0.87% (bottom quartile).	1M return: -0.82% (upper mid).	1M return: -0.85% (lower mid).	1M return: -0.71% (top quartile).
Point 7	Sharpe: 1.25 (bottom quartile).	Sharpe: 1.60 (top quartile).	Sharpe: 1.32 (lower mid).	Sharpe: 1.51 (upper mid).
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): 6.58% (top quartile).	Yield to maturity (debt): 6.52% (lower mid).	Yield to maturity (debt): 6.58% (upper mid).	Yield to maturity (debt): 6.30% (bottom quartile).
Point 10	Modified duration: 6.79 yrs (upper mid).	Modified duration: 6.84 yrs (lower mid).	Modified duration: 6.87 yrs (bottom quartile).	Modified duration: 6.75 yrs (top quartile).

SBI Magnum Constant Maturity Fund

Upper mid AUM (₹1,900 Cr).
Oldest track record among peers (24 yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 7.92% (bottom quartile).
1M return: -0.87% (bottom quartile).
Sharpe: 1.25 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.58% (top quartile).
Modified duration: 6.79 yrs (upper mid).

ICICI Prudential Constant Maturity Gilt Fund

Highest AUM (₹2,463 Cr).
Established history (10+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 8.74% (top quartile).
1M return: -0.82% (upper mid).
Sharpe: 1.60 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.52% (lower mid).
Modified duration: 6.84 yrs (lower mid).

Bandhan Government Securities Fund - Constant Maturity Plan

Lower mid AUM (₹354 Cr).
Established history (23+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 8.35% (upper mid).
1M return: -0.85% (lower mid).
Sharpe: 1.32 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.58% (upper mid).
Modified duration: 6.87 yrs (bottom quartile).

DSP 10Y G-Sec Fund

Bottom quartile AUM (₹57 Cr).
Established history (10+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 8.03% (lower mid).
1M return: -0.71% (top quartile).
Sharpe: 1.51 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.30% (bottom quartile).
Modified duration: 6.75 yrs (top quartile).

*નીચે ચોખ્ખી સંપત્તિ ધરાવતા બોન્ડ મ્યુચ્યુઅલ ફંડની યાદી છે50 કરોડ અને 3 વર્ષથી વધુ સમયથી સંપત્તિનું સંચાલન કર્યું છે. પરિપક્વતા સુધી સૌથી વધુ ઉપજ પર આધારિત (ytm)

1. ICICI Prudential Medium Term Bond Fund

(Erstwhile ICICI Prudential Corporate Bond Fund)

Research Highlights for ICICI Prudential Medium Term Bond Fund

Highest AUM (₹5,701 Cr).
Established history (20+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderate.
1Y return: 8.74% (lower mid).
1M return: 0.17% (upper mid).
Sharpe: 2.48 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.69% (top quartile).
Modified duration: 2.91 yrs (upper mid).
Average maturity: 4.68 yrs (bottom quartile).
Exit load: 0-1 Years (1%),1 Years and above(NIL).

Below is the key information for ICICI Prudential Medium Term Bond Fund

ICICI Prudential Medium Term Bond Fund Growth
Launch Date	15 Sep 04
NAV (14 Aug 25)	₹45.2365 ↑ 0.08 (0.18 %)
Net Assets (Cr)	₹5,701 on 30 Jun 25
Category	Debt - Medium term Bond
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆
Risk	Moderate
Expense Ratio	1.4
Sharpe Ratio	2.48
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	7.69%
Effective Maturity	4 Years 8 Months 5 Days
Modified Duration	2 Years 10 Months 28 Days

Growth of 10,000 investment over the years.

Date	Value

ICICI Prudential Medium Term 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 ICICI Prudential Medium Term 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 14 Aug 25

Duration	Returns
1 Month	0.2%
3 Month	1.5%
6 Month	4.6%
1 Year	8.7%
3 Year	7.7%
5 Year	6.9%
10 Year
15 Year
Since launch	7.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	8%
2023	7%
2022	4.2%
2021	5.5%
2020	10.4%
2019	9.2%
2018	5.1%
2017	6.5%
2016	10.2%
2015	8.4%

Fund Manager information for ICICI Prudential Medium Term Bond Fund

Name	Since	Tenure

Data below for ICICI Prudential Medium Term Bond Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

2. 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

Upper mid AUM (₹1,942 Cr).
Established history (13+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 8.78% (upper mid).
1M return: 0.11% (bottom quartile).
Sharpe: 2.09 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.66% (upper mid).
Modified duration: 3.22 yrs (lower mid).
Average maturity: 4.13 yrs (upper mid).
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 (14 Aug 25)	₹28.26 ↑ 0.04 (0.16 %)
Net Assets (Cr)	₹1,942 on 30 Jun 25
Category	Debt - Medium term Bond
AMC	Axis Asset Management Company Limited
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	1.06
Sharpe Ratio	2.09
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	7.66%
Effective Maturity	4 Years 1 Month 17 Days
Modified Duration	3 Years 2 Months 19 Days

Growth of 10,000 investment over the years.

Date	Value

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 14 Aug 25

Duration	Returns
1 Month	0.1%
3 Month	1.4%
6 Month	4.7%
1 Year	8.8%
3 Year	7.9%
5 Year	6.9%
10 Year
15 Year
Since launch	8.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	8.7%
2023	7.3%
2022	3.8%
2021	5.2%
2020	10.5%
2019	7.1%
2018	6.7%
2017	7.5%
2016	11.6%
2015	6.8%

Fund Manager information for Axis Strategic Bond Fund

Name	Since	Tenure

Data below for Axis Strategic Bond Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

3. Kotak Medium Term Fund

The investment objective of the scheme is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. There is no assurance or guarantee that the investment objective of the scheme will be achieved

Research Highlights for Kotak Medium Term Fund

Lower mid AUM (₹1,901 Cr).
Established history (11+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 8.61% (bottom quartile).
1M return: 0.16% (upper mid).
Sharpe: 1.95 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.65% (upper mid).
Modified duration: 2.75 yrs (upper mid).
Average maturity: 4.05 yrs (upper mid).
Exit load: 0-18 Months (2%),18 Months and above(NIL).

Below is the key information for Kotak Medium Term Fund

Kotak Medium Term Fund Growth
Launch Date	25 Mar 14
NAV (14 Aug 25)	₹22.933 ↑ 0.04 (0.16 %)
Net Assets (Cr)	₹1,901 on 30 Jun 25
Category	Debt - Medium term Bond
AMC	Kotak Mahindra Asset Management Co Ltd
Rating	☆☆☆
Risk	Moderate
Expense Ratio	1.58
Sharpe Ratio	1.95
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-18 Months (2%),18 Months and above(NIL)
Yield to Maturity	7.65%
Effective Maturity	4 Years 18 Days
Modified Duration	2 Years 9 Months

Growth of 10,000 investment over the years.

Date	Value

Kotak Medium 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 Kotak Medium 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 14 Aug 25

Duration	Returns
1 Month	0.2%
3 Month	1.4%
6 Month	4.6%
1 Year	8.6%
3 Year	7.4%
5 Year	6.6%
10 Year
15 Year
Since launch	7.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	9%
2023	6.1%
2022	3.2%
2021	4.7%
2020	8.5%
2019	7%
2018	5.4%
2017	6.6%
2016	10.9%
2015	9.3%

Fund Manager information for Kotak Medium Term Fund

Name	Since	Tenure

Data below for Kotak Medium Term Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

4. Aditya Birla Sun Life Medium Term Plan

The primary investment objective of the Scheme is to generate regular income through investments in debt & money market instruments in order to make regular dividend payments to unit holders & secondary objective is growth of capital.

Research Highlights for Aditya Birla Sun Life Medium Term Plan

Upper mid AUM (₹2,732 Cr).
Established history (16+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 13.09% (top quartile).
1M return: 0.21% (top quartile).
Sharpe: 3.02 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.52% (lower mid).
Modified duration: 3.63 yrs (bottom quartile).
Average maturity: 4.86 yrs (bottom quartile).
Exit load: 0-365 Days (1%),365 Days and above(NIL).

Below is the key information for Aditya Birla Sun Life Medium Term Plan

Aditya Birla Sun Life Medium Term Plan Growth
Launch Date	25 Mar 09
NAV (14 Aug 25)	₹40.2654 ↑ 0.07 (0.19 %)
Net Assets (Cr)	₹2,732 on 15 Jul 25
Category	Debt - Medium term Bond
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	1.55
Sharpe Ratio	3.02
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	1,000
Exit Load	0-365 Days (1%),365 Days and above(NIL)
Yield to Maturity	7.52%
Effective Maturity	4 Years 10 Months 10 Days
Modified Duration	3 Years 7 Months 17 Days

Growth of 10,000 investment over the years.

Date	Value

Aditya Birla Sun Life Medium Term Plan SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹218,539.
Net Profit of ₹38,539 Invest Now

Returns for Aditya Birla Sun Life Medium Term Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Aug 25

Duration	Returns
1 Month	0.2%
3 Month	1.7%
6 Month	4.9%
1 Year	13.1%
3 Year	9.3%
5 Year	12.2%
10 Year
15 Year
Since launch	8.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	10.5%
2023	6.9%
2022	24.8%
2021	7.1%
2020	8.1%
2019	-4.4%
2018	5.6%
2017	7%
2016	10.9%
2015	9.5%

Fund Manager information for Aditya Birla Sun Life Medium Term Plan

Name	Since	Tenure

Data below for Aditya Birla Sun Life Medium Term Plan as on 15 Jul 25

Asset Allocation

Asset Class	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

5. Tata Medium Term Fund

The investment objective of the scheme is to generate income & capital appreciation through a portfolio constituted of medium term debt instruments & money market instruments. However, there can be no assurance that the investment objective of the scheme will be realized.

Research Highlights for Tata Medium Term Fund

Bottom quartile AUM (₹76 Cr).
Oldest track record among peers (22 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderate.
1Y return: 1.64% (bottom quartile).
1M return: -0.14% (bottom quartile).
Sharpe: -0.76 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.49% (bottom quartile).
Modified duration: 2.34 yrs (top quartile).
Average maturity: 2.95 yrs (top quartile).
Exit load: 0-365 Days (1%),365 Days and above(NIL).

Below is the key information for Tata Medium Term Fund

Tata Medium Term Fund Growth
Launch Date	11 Nov 02
NAV (23 Sep 22)	₹29.7872 ↓ -0.04 (-0.14 %)
Net Assets (Cr)	₹76 on 31 Aug 22
Category	Debt - Medium term Bond
AMC	Tata Asset Management Limited
Rating	☆☆
Risk	Moderate
Expense Ratio	1.16
Sharpe Ratio	-0.76
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-365 Days (1%),365 Days and above(NIL)
Yield to Maturity	7.49%
Effective Maturity	2 Years 11 Months 12 Days
Modified Duration	2 Years 4 Months 2 Days

Growth of 10,000 investment over the years.

Date	Value

Tata Medium Term Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹188,454.
Net Profit of ₹8,454 Invest Now

Returns for Tata Medium 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 14 Aug 25

Duration	Returns
1 Month	-0.1%
3 Month	1.7%
6 Month	0.4%
1 Year	1.6%
3 Year	6.4%
5 Year	2.4%
10 Year
15 Year
Since launch	5.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015

Fund Manager information for Tata Medium Term Fund

Name	Since	Tenure

Data below for Tata Medium Term Fund as on 31 Aug 22

Asset Allocation

Asset Class	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

6. Nippon India Strategic Debt Fund

(Erstwhile Reliance Classic Bond Fund)

To generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity. The scheme would focus its investments predominantly in corporate bonds of various maturities and across ratings for the purpose of achieving regular income and capital appreciation.

Research Highlights for Nippon India Strategic Debt Fund

Bottom quartile AUM (₹100 Cr).
Established history (11+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 10.54% (upper mid).
1M return: 0.11% (lower mid).
Sharpe: 1.51 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.37% (bottom quartile).
Modified duration: 3.42 yrs (bottom quartile).
Average maturity: 4.65 yrs (lower mid).
Exit load: 0-12 Months (1%),12 Months and above(NIL).

Below is the key information for Nippon India Strategic Debt Fund

Nippon India Strategic Debt Fund Growth
Launch Date	26 Jun 14
NAV (14 Aug 25)	₹15.9096 ↑ 0.02 (0.16 %)
Net Assets (Cr)	₹100 on 30 Jun 25
Category	Debt - Medium term Bond
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	1.92
Sharpe Ratio	1.51
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-12 Months (1%),12 Months and above(NIL)
Yield to Maturity	7.37%
Effective Maturity	4 Years 7 Months 24 Days
Modified Duration	3 Years 5 Months 1 Day

Growth of 10,000 investment over the years.

Date	Value

Nippon India Strategic Debt Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹206,148.
Net Profit of ₹26,148 Invest Now

Returns for Nippon India Strategic Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Aug 25

Duration	Returns
1 Month	0.1%
3 Month	3.1%
6 Month	6.4%
1 Year	10.5%
3 Year	8.2%
5 Year	8.6%
10 Year
15 Year
Since launch	4.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	8.3%
2023	7%
2022	2%
2021	17.4%
2020	-23.5%
2019	-3.4%
2018	4.7%
2017	6.9%
2016	11.1%
2015	9%

Fund Manager information for Nippon India Strategic Debt Fund

Name	Since	Tenure

Data below for Nippon India Strategic Debt Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

બોન્ડ ફંડ કરવેરા

બોન્ડ ફંડ્સ અથવા ડેટ ફંડ્સ પર ટેક્સની સૂચિ નીચેની રીતે ગણવામાં આવે છે-

શોર્ટ ટર્મ કેપિટલ ગેન્સ

જો ડેટ ઇન્વેસ્ટમેન્ટનો હોલ્ડિંગ પિરિયડ 36 મહિના કરતાં ઓછો હોય, તો તેને ટૂંકા ગાળાના રોકાણ તરીકે વર્ગીકૃત કરવામાં આવે છે અને તેના પર વ્યક્તિના ટેક્સ સ્લેબ મુજબ કર લાદવામાં આવે છે.

લાંબા ગાળાના મૂડી લાભો

જો ડેટ રોકાણનો હોલ્ડિંગ સમયગાળો 36 મહિનાથી વધુ હોય, તો તેને લાંબા ગાળાના રોકાણ તરીકે વર્ગીકૃત કરવામાં આવે છે અને તેના પર ઇન્ડેક્સેશન લાભ સાથે 20% કર લાદવામાં આવે છે.

મૂડી વધારો	રોકાણ હોલ્ડિંગ ગેન્સ	કરવેરા
શોર્ટ ટર્મ કેપિટલ ગેન્સ	36 મહિના કરતાં ઓછા	વ્યક્તિના ટેક્સ સ્લેબ મુજબ
લાંબા ગાળાના મૂડી લાભો	36 મહિનાથી વધુ	ઇન્ડેક્સેશન લાભો સાથે 20%

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