
एफडी बनामडेट फंड? विचारधाराकहां निवेश करें अच्छा रिटर्न अर्जित करने के लिए आपकी बचत। आम तौर पर लोग मानते हैंनिवेश सावधि जमा या एफडी में यह सबसे सुविधाजनक विकल्प है क्योंकि यह सुरक्षित है और निश्चित रिटर्न प्रदान करता है। लेकिन क्या यह सबसे अच्छा तरीका है? हालांकि सावधि जमा सभी के लिए एक आसान निवेश विकल्प है, हालांकि, सावधि जमा पर कर योग्य होने का रिटर्न डेट फंड की तुलना में बहुत कम है। इसके अलावा, जब लंबी अवधि के लिए धारण किया जाता है, तो ऋणम्यूचुअल फंड्स अच्छा रिटर्न देते हैं। डेट म्यूचुअल फंड या सावधि जमा में निवेश करने का अंतिम निर्णय लेने से पहले, इन निवेशों की विस्तृत तुलना को देखें।
सारांश:

हमें इसे जोखिम लेने की क्षमता और की इच्छित होल्डिंग अवधि के आधार पर तोड़ना होगाइन्वेस्टर प्रश्न में।
यहां डेट फंड के विकल्प सीमित होंगेलिक्विड फंड, अति-शॉर्ट टर्म फंड्स और अल्पकालिकआय धन। जबकि रिटर्न या यील्ड आमतौर पर लिक्विड से अल्ट्रा-शॉर्ट से शॉर्ट टर्म फंड में जाता है, इन डेट फंड और फिक्स्ड डिपॉजिट के बीच यील्ड अंतर पिछले एक साल में उनके रिटर्न को देखते हुए निर्धारित किया जा सकता है।
| डेट म्यूचुअल फंड का प्रकार | पिछले 1 साल। वापसी (%) | 
|---|---|
| लिक्विड फंड | 7.36 | 
| अल्ट्रा शॉर्ट-टर्म डेट फंड | 9.18 | 
| शॉर्ट टर्म डेट फंड | 9.78 | 
| डायनेमिक डेट फंड | 13.89 | 
| लंबी अवधि के ऋण कोष | 13.19 | 
| गिल्ट शॉर्ट टर्म फंड | 11.76 | 
| गिल्ट लॉन्ग टर्म फंड | 15.06 | 
| 20 फरवरी 2017 तक के आंकड़े | 
सावधि जमा की औसत वापसी दर 8-8.5% प्रति वर्ष के बीच थी। वर्ष 2016 में (इसलिए तालिका में उपरोक्त रिटर्न की तुलना की जा सकती है)। हालांकि, पिछले एक साल में रिटर्न रेट घटकर 6.6-7.5% प्रति वर्ष हो गया है।
उपरोक्त दृष्टांत से, यह स्पष्ट है कि डेट फंड की वापसी की औसत दर सावधि जमा की तुलना में बेहतर है।
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लंबे समय तक होल्डिंग अवधि के साथ, डेट फंड FD से बेहतर साबित हो सकते हैं।
यहां निवेश करने के विकल्प होंगे:
यह देखते हुए कि होल्डिंग अवधि 3 वर्ष या उससे अधिक हो सकती है, हम निम्नलिखित कह सकते हैं:
लंबी अवधि की आय वाले फंड पर रिटर्न का उदाहरण नीचे लें, श्रेणी के लिए पिछले 1 साल का औसत रिटर्न 12.19% है और पिछले 3 वर्षों में 10.32% प्रति वर्ष है। इस अवधि में कोई भी FD इतना रिटर्न नहीं दे सकता था। गिल्ट फंड का रिटर्न और भी ज्यादा होता है। इसी अवधि में, पिछले साल अधिकांश बैंकों में FD दरें 8-8.5% प्रति वर्ष के करीब रही होंगी, (यद्यपि आज दरें और गिरकर 6.5 - 7.5%) हो गई हैं


इसलिए एक निवेशक के पास लंबे समय तक रखने की अवधि और ब्याज दरों में गिरावट के साथ, एक डेट फंड (दीर्घकालिक आय या गिल्ट) FD की तुलना में बहुत बेहतर रिटर्न देगा। ब्याज दरें न गिरने की स्थिति में भी, उच्च प्रतिफल वाले कॉरपोरेट बॉन्ड फंड उसी अवधि में FD को मात देंगे।
डेट फंड और सावधि जमा के रिटर्न को निर्धारित करने में कराधान भी महत्वपूर्ण भूमिका निभाता है। आमतौर पर, सावधि जमा पर कराधान 33% (कर की सीमांत दर) है, जबकि डेट फंड पर अगर कोई 3 साल से कम के साथ निवेश करता है तो लाभांश वितरण कर लगाना एक बेहतर विकल्प होगा, क्योंकि डीडीटी (लाभांश वितरण कर) काटा जाता है। लगभग 25% (+ अधिभार आदि) पर। इससे पता चलता है कि फिक्स्ड डिपॉजिट की तुलना में डेट म्यूचुअल फंड पर टैक्स अपेक्षाकृत कम है।
डेट फंड के साथ आने वाले अतिरिक्त लाभ हैं:
सारांश में:
| मापदंडों | म्यूचुअल फंड्स | सावधि जमा | 
|---|---|---|
| रिटर्न की दर | कोई सुनिश्चित रिटर्न नहीं | निश्चित रिटर्न | 
| मुद्रास्फीति समायोजित रिटर्न | उच्च मुद्रास्फीति समायोजित रिटर्न की संभावना | आम तौर पर कम मुद्रास्फीति समायोजित रिटर्न | 
| जोखिम | कम से उच्च जोखिम (फंड पर निर्भर) | कम जोखिम | 
| लिक्विडिटी | तरल | तरल | 
| समयपूर्व निकासी | एक्जिट लोड/नो लोड के साथ अनुमत | दंड के साथ अनुमत | 
| निवेश की लागत | प्रबंधन लागत/व्यय अनुपात | कोई लागत नहीं अाना | 
नीचे नेट एसेट/एयूएम वाले डेट फंडों की सूची ऊपर दी गई है1000 करोड़ और 3 साल के चक्रवृद्धि के आधार पर छाँटा गया (सीएजीआर) रिटर्न।
 (Erstwhile Aditya Birla Sun Life Corporate Bond Fund)   The investment objective of the Scheme is to generate returns by predominantly investing in a portfolio of corporate debt securities with short to medium term maturities across the credit spectrum within the investment grade. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.   Below is the key information for Aditya Birla Sun Life Credit Risk Fund   Returns up to 1 year are on   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   Below is the key information for Aditya Birla Sun Life Medium Term Plan   Returns up to 1 year are on   The Scheme aims to provide reasonable returns by investing in portfolio of Government Securities with average maturity of around 10 years. However, there can be no assurance that the investment objective of the 
Scheme will be realized.   Research Highlights for ICICI Prudential Constant Maturity Gilt Fund   Below is the key information for ICICI Prudential Constant Maturity Gilt Fund   Returns up to 1 year are on   The fund’s objective is to provide reasonable returns, by maintaining an optimum balance of safety, liquidity and yield, through investments in a basket of debt and money market instruments with a view to delivering consistent performance. However, there can be no assurance that the investment objective of the Scheme will be realized.   Research Highlights for ICICI Prudential Regular Savings Fund   Below is the key information for ICICI Prudential Regular Savings Fund   Returns up to 1 year are on   (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.   Research Highlights for SBI Credit Risk Fund   Below is the key information for SBI Credit Risk Fund   Returns up to 1 year are on   (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   Below is the key information for Axis Strategic Bond Fund   Returns up to 1 year are on   The primary investment objective of the scheme is to generate optimal returns consistent with moderate levels of risks. This income may be complimented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in debt and money market instruments.   Research Highlights for Nippon India Dynamic Bond Fund   Below is the key information for Nippon India Dynamic Bond Fund   Returns up to 1 year are on   (Erstwhile SBI Magnum Gilt Fund Short Term)   To provide the investors with the returns generated through investments in government securities issued by the Central Govt. and State Govt.   Research Highlights for SBI Magnum Constant Maturity Fund   Below is the key information for SBI Magnum Constant Maturity Fund   Returns up to 1 year are on 1. Aditya Birla Sun Life Credit Risk Fund
Aditya Birla Sun Life Credit Risk Fund 
 Growth Launch Date   17 Apr 15  NAV (28 Oct 25)   ₹23.0537  ↑ 0.01   (0.04 %)  Net Assets (Cr)   ₹1,044 on 15 Sep 25  Category  Debt - Credit Risk AMC   Birla Sun Life Asset Management Co Ltd  Rating  Risk  Moderate Expense Ratio  1.54 Sharpe Ratio  2.29 Information Ratio  0 Alpha Ratio  0 Min Investment   1,000  Min SIP Investment   100  Exit Load   0-365 Days (1%),365 Days and above(NIL)  Yield to Maturity  7.78% Effective Maturity  3 Years 1 Month 13 Days Modified Duration  2 Years 1 Month 6 Days  Growth of 10,000 investment over the years. 
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹10,843 30 Sep 22 ₹11,533 30 Sep 23 ₹12,341 30 Sep 24 ₹13,481 30 Sep 25 ₹15,632  Returns for Aditya Birla Sun Life Credit Risk Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Oct 25 Duration Returns 1 Month  1%  3 Month  2.2%  6 Month  5%  1 Year  13.5%  3 Year  10.8%  5 Year  9.3%  10 Year    15 Year    Since launch  8.3%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  11.9%  2023  6.9%  2022  7.1%  2021  6.4%  2020  9.4%  2019  2.1%  2018  6.6%  2017  8.1%  2016  10.3%  2015     Fund Manager information for Aditya Birla Sun Life Credit Risk Fund 
Name Since Tenure Sunaina Cunha 17 Apr 15 10.47 Yr. Mohit Sharma 6 Aug 20 5.16 Yr. Data below for Aditya Birla Sun Life Credit Risk Fund as on 15 Sep 25 
 Asset Allocation 
Asset Class Value Cash 10.74% Equity 7.67% Debt 81.27% Other 0.32%  Debt Sector Allocation 
Sector Value Corporate 63.69% Government 17.59% Cash Equivalent 10.74%  Credit Quality 
Rating Value A 8.15% AA 64.8% AAA 27.06%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  6.79% Govt Stock 2034  
Sovereign Bonds  | -7% ₹76 Cr 7,500,000  JSW Steel Limited  
Debentures  | -5% ₹55 Cr 550  Aditya Birla Real Estate Limited  
Debentures  | -4% ₹45 Cr 4,500  GMR Airports Limited  
Debentures  | -3% ₹37 Cr 3,700  7.18% Govt Stock 2037  
Sovereign Bonds  | -3% ₹36 Cr 3,500,000  IKF Finance Limited  
Debentures  | -3% ₹35 Cr 3,500  Jubilant Bevco Limited  
Debentures  | -3% ₹32 Cr 3,000  Narayana Hrudayalaya Limited  
Debentures  | -3% ₹30 Cr 3,000  JSW Energy Limited  
Debentures  | -3% ₹30 Cr 3,000  360 One Prime Limited  
Debentures  | -3% ₹30 Cr 3,000 2. Aditya Birla Sun Life Medium Term Plan
Aditya Birla Sun Life Medium Term Plan 
 Growth Launch Date   25 Mar 09  NAV (28 Oct 25)   ₹40.8922  ↑ 0.01   (0.03 %)  Net Assets (Cr)   ₹2,876 on 15 Sep 25  Category  Debt - Medium term Bond AMC   Birla Sun Life Asset Management Co Ltd  Rating  ☆☆☆☆ Risk  Moderate Expense Ratio  1.57 Sharpe Ratio  2.36 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  7.51% Effective Maturity  4 Years 6 Months 22 Days Modified Duration  3 Years 4 Months 17 Days  Growth of 10,000 investment over the years. 
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹10,847 30 Sep 22 ₹13,395 30 Sep 23 ₹14,355 30 Sep 24 ₹15,641 30 Sep 25 ₹17,586  Returns for Aditya Birla Sun Life Medium Term Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Oct 25 Duration Returns 1 Month  0.9%  3 Month  1.6%  6 Month  4%  1 Year  11.3%  3 Year  9.6%  5 Year  12.5%  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 Sunaina Cunha 1 Sep 14 11.09 Yr. Mohit Sharma 6 Aug 20 5.16 Yr. Data below for Aditya Birla Sun Life Medium Term Plan as on 15 Sep 25 
 Asset Allocation 
Asset Class Value Cash 5.09% Equity 4.34% Debt 90.31% Other 0.26%  Debt Sector Allocation 
Sector Value Corporate 51.63% Government 38.68% Cash Equivalent 5.09%  Credit Quality 
Rating Value A 4.91% AA 39.77% AAA 55.33%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  6.79% Govt Stock 2034  
Sovereign Bonds  | -11% ₹295 Cr 29,000,000 
 ↑ 4,500,000  7.1% Govt Stock 2034  
Sovereign Bonds  | -7% ₹204 Cr 19,696,700  7.18% Govt Stock 2033  
Sovereign Bonds  | -7% ₹193 Cr 18,500,000  Nuvama Wealth Finance Limited  
Debentures  | -3% ₹96 Cr 9,500  GMR Airports Limited  
Debentures  | -3% ₹81 Cr 8,000  Jubilant Bevco Limited  
Debentures  | -3% ₹78 Cr 7,400  Jtpm Metal TRaders Limited  
Debentures  | -3% ₹78 Cr 7,673  Indian Railway Finance Corporation Limited  
Debentures  | -3% ₹76 Cr 7,500  National Bank For Financing Infrastructure And Development  
Debentures  | -3% ₹71 Cr 7,000  Power Grid Corporation Of India Limited  
Debentures  | -3% ₹70 Cr 7,000 3. ICICI Prudential Constant Maturity Gilt Fund
ICICI Prudential Constant Maturity Gilt Fund 
 Growth Launch Date   12 Sep 14  NAV (28 Oct 25)   ₹25.0357  ↑ 0.01   (0.06 %)  Net Assets (Cr)   ₹2,594 on 15 Sep 25  Category  Debt - 10 Yr Govt Bond AMC   ICICI Prudential Asset Management Company Limited  Rating  ☆☆☆ Risk  Moderate Expense Ratio  0.39 Sharpe Ratio  0.41 Information Ratio  0 Alpha Ratio  0 Min Investment   5,000  Min SIP Investment   1,000  Exit Load   0-7 Days (0.25%),7 Days and above(NIL)  Yield to Maturity  6.81% Effective Maturity  9 Years 6 Months 11 Days Modified Duration  6 Years 8 Months 16 Days  Growth of 10,000 investment over the years. 
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹10,570 30 Sep 22 ₹10,480 30 Sep 23 ₹11,306 30 Sep 24 ₹12,430 30 Sep 25 ₹13,343  Returns for ICICI Prudential Constant Maturity Gilt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Oct 25 Duration Returns 1 Month  0.6%  3 Month  0.4%  6 Month  1.7%  1 Year  8.4%  3 Year  8.5%  5 Year  5.7%  10 Year    15 Year    Since launch  8.6%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  9.3%  2023  7.7%  2022  1.2%  2021  2.8%  2020  13.6%  2019  12.8%  2018  9.7%  2017  2.4%  2016  16.2%  2015  6.9%   Fund Manager information for ICICI Prudential Constant Maturity Gilt Fund 
Name Since Tenure Manish Banthia 22 Jan 24 1.69 Yr. Raunak Surana 22 Jan 24 1.69 Yr. Data below for ICICI Prudential Constant Maturity Gilt Fund as on 15 Sep 25 
 Asset Allocation 
Asset Class Value Cash 3.2% Debt 96.8%  Debt Sector Allocation 
Sector Value Government 96.8% Cash Equivalent 3.2%  Credit Quality 
Rating Value AAA 100%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  6.64% Govt Stock 2035  
Sovereign Bonds  | -24% ₹631 Cr 63,000,000  6.79% Govt Stock 2034  
Sovereign Bonds  | -21% ₹543 Cr 53,374,500 
 ↑ 20,000,000  7.1% Govt Stock 2034  
Sovereign Bonds  | -19% ₹484 Cr 46,719,850 
 ↓ -16,500,000  7.18% Govt Stock 2037  
Sovereign Bonds  | -16% ₹419 Cr 40,500,000  7.41% Govt Stock 2036  
Sovereign Bonds  | -13% ₹337 Cr 32,000,000  6.19% Govt Stock 2034  
Sovereign Bonds  | -2% ₹49 Cr 5,000,000  6.67% Govt Stock 2035  
Sovereign Bonds  | -1% ₹25 Cr 2,500,000  6.92% Govt Stock 2039  
Sovereign Bonds  | -1% ₹20 Cr 2,000,000 
 ↓ -4,500,000  6.33% Govt Stock 2035  
Sovereign Bonds  | -0% ₹4 Cr 413,500  Treps  
CBLO/Reverse Repo  | -2% ₹51 Cr 4. ICICI Prudential Regular Savings Fund
ICICI Prudential Regular Savings Fund 
 Growth Launch Date   3 Dec 10  NAV (28 Oct 25)   ₹32.7673  ↓ -0.02   (-0.06 %)  Net Assets (Cr)   ₹6,013 on 15 Sep 25  Category  Debt - Credit Risk AMC   ICICI Prudential Asset Management Company Limited  Rating  ☆ Risk  Moderate Expense Ratio  1.43 Sharpe Ratio  1.9 Information Ratio  0 Alpha Ratio  0 Min Investment   10,000  Min SIP Investment   100  Exit Load   0-1 Years (1%),1 Years and above(NIL)  Yield to Maturity  8.07% Effective Maturity  3 Years 3 Months 7 Days Modified Duration  2 Years 1 Month 24 Days  Growth of 10,000 investment over the years. 
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹10,785 30 Sep 22 ₹11,266 30 Sep 23 ₹12,047 30 Sep 24 ₹13,126 30 Sep 25 ₹14,307  Returns for ICICI Prudential Regular Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Oct 25 Duration Returns 1 Month  0.9%  3 Month  2.1%  6 Month  4.6%  1 Year  9.1%  3 Year  8.4%  5 Year  7.3%  10 Year    15 Year    Since launch  8.3%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  8.5%  2023  7.2%  2022  5.1%  2021  6.2%  2020  9.8%  2019  9.5%  2018  6.6%  2017  6.8%  2016  9.5%  2015  9%   Fund Manager information for ICICI Prudential Regular Savings Fund 
Name Since Tenure Manish Banthia 7 Nov 16 8.9 Yr. Akhil Kakkar 22 Jan 24 1.69 Yr. Data below for ICICI Prudential Regular Savings Fund as on 15 Sep 25 
 Asset Allocation 
Asset Class Value Cash 4.1% Equity 8.55% Debt 86.98% Other 0.38%  Debt Sector Allocation 
Sector Value Corporate 72.87% Government 14.91% Cash Equivalent 3.29%  Credit Quality 
Rating Value A 21% AA 57.3% AAA 21.7%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  Embassy Office Parks REIT (Real Estate) 
-, Since 30 Apr 25 | 5426024% ₹256 Cr 6,030,181  6.79% Govt Stock 2034  
Sovereign Bonds  | -4% ₹253 Cr 24,889,430 
 ↑ 10,000,000  Keystone Realtors Limited  
Debentures  | -4% ₹236 Cr 23,500  7.1% Govt Stock 2034  
Sovereign Bonds  | -4% ₹213 Cr 20,517,530 
 ↓ -10,000,000  Millennia Realtors Private Limited  
Debentures  | -4% ₹211 Cr 2,100  Vedanta Limited  
Debentures  | -3% ₹201 Cr 20,000  Adani Enterprises Ltd. **  
Debentures  | -3% ₹199 Cr 20,000 
 ↑ 20,000  Bamboo Hotel And Global Centre (Delhi) Private Limited  
Debentures  | -3% ₹188 Cr 18,500  Varroc Engineering Limited  
Debentures  | -3% ₹188 Cr 25,000  Jtpm Metal TRaders Limited  
Debentures  | -3% ₹183 Cr 18,000 5. SBI Credit Risk Fund
SBI Credit Risk Fund 
 Growth Launch Date   19 Jul 04  NAV (28 Oct 25)   ₹46.677  ↑ 0.01   (0.02 %)  Net Assets (Cr)   ₹2,210 on 15 Sep 25  Category  Debt - Credit Risk AMC   SBI Funds Management Private Limited  Rating  ☆☆☆☆ Risk  Moderate Expense Ratio  1.55 Sharpe Ratio  1.72 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  8.17% Effective Maturity  3 Years 18 Days Modified Duration  2 Years 2 Months 26 Days  Growth of 10,000 investment over the years. 
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹10,722 30 Sep 22 ₹11,089 30 Sep 23 ₹12,006 30 Sep 24 ₹12,950 30 Sep 25 ₹14,016  Returns for SBI Credit Risk Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Oct 25 Duration Returns 1 Month  0.6%  3 Month  1.5%  6 Month  3.5%  1 Year  8.4%  3 Year  8.2%  5 Year  6.8%  10 Year    15 Year    Since launch  7.5%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  8.1%  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%   Fund Manager information for SBI Credit Risk Fund 
Name Since Tenure Lokesh Mallya 1 Feb 17 8.67 Yr. Data below for SBI Credit Risk Fund as on 15 Sep 25 
 Asset Allocation 
Asset Class Value Cash 4.89% Equity 3.09% Debt 91.65% Other 0.37%  Debt Sector Allocation 
Sector Value Corporate 73.41% Government 18.24% Cash Equivalent 4.89%  Credit Quality 
Rating Value A 17.26% AA 63.98% AAA 18.76%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  6.92% Govt Stock 2039  
Sovereign Bonds  | -7% ₹152 Cr 15,000,000  Aadhar Housing Finance Limited  
Debentures  | -5% ₹113 Cr 11,200  Infopark Properties Limited  
Debentures  | -5% ₹106 Cr 10,500  Renew Solar Energy (Jharkhand Five) Private Limited  
Debentures  | -5% ₹105 Cr 11,000  H.G. Infra Engineering Limited  
Debentures  | -5% ₹100 Cr 10,000  Nj Capital Private Limited  
Debentures  | -5% ₹100 Cr 10,000  6.68% Govt Stock 2040  
Sovereign Bonds  | -5% ₹99 Cr 10,000,000 
 ↑ 10,000,000  Jtpm Metal TRaders Limited  
Debentures  | -4% ₹91 Cr 9,000  The Sandur Manganese And Iron Ores Limited  
Debentures  | -4% ₹82 Cr 8,500  Avanse Financial Services Limited  
Debentures  | -4% ₹80 Cr 8,000 6. Axis Strategic Bond Fund
Axis Strategic Bond Fund 
 Growth Launch Date   28 Mar 12  NAV (28 Oct 25)   ₹28.6676  ↑ 0.01   (0.04 %)  Net Assets (Cr)   ₹1,902 on 15 Sep 25  Category  Debt - Medium term Bond AMC   Axis Asset Management Company Limited  Rating  ☆☆☆☆ Risk  Moderate Expense Ratio  1.08 Sharpe Ratio  1.24 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  7.82% Effective Maturity  4 Years 7 Months 2 Days Modified Duration  3 Years 3 Months 29 Days  Growth of 10,000 investment over the years. 
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹10,742 30 Sep 22 ₹11,067 30 Sep 23 ₹11,845 30 Sep 24 ₹12,893 30 Sep 25 ₹13,958  Returns for Axis Strategic Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Oct 25 Duration Returns 1 Month  0.7%  3 Month  1.5%  6 Month  3.4%  1 Year  8.7%  3 Year  8.2%  5 Year  6.7%  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 Devang Shah 5 Nov 12 12.91 Yr. Sachin Jain 1 Feb 23 2.67 Yr. Akhil Thakker 1 Feb 23 2.67 Yr. Data below for Axis Strategic Bond Fund as on 15 Sep 25 
 Asset Allocation 
Asset Class Value Cash 3.18% Equity 0.62% Debt 95.91% Other 0.29%  Debt Sector Allocation 
Sector Value Corporate 64.9% Government 28.4% Cash Equivalent 3.18% Securitized 2.62%  Credit Quality 
Rating Value A 13.45% AA 44.83% AAA 41.71%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  7.1% Govt Stock 2034  
Sovereign Bonds  | -11% ₹220 Cr 21,200,000  Jubilant Beverages Limited  
Debentures  | -4% ₹68 Cr 6,500  GMR Hyderabad International Airport Ltd  
Debentures  | -3% ₹66 Cr 6,500  Nirma Limited  
Debentures  | -3% ₹61 Cr 6,000  Vedanta Limited  
Debentures  | -3% ₹60 Cr 6,000  Nuvama Wealth Finance Limited  
Debentures  | -3% ₹58 Cr 5,800  Delhi International Airport Limited  
Debentures  | -3% ₹57 Cr 5,500 
 ↓ -1,000  Dlf Cyber City Developers Ltd  
Debentures  | -3% ₹56 Cr 5,500  Aditya Birla Digital Fashion Ventures Limited  
Debentures  | -3% ₹55 Cr 5,500  Aadhar Housing Finance Limited  
Debentures  | -3% ₹53 Cr 5,200 7. Nippon India Dynamic Bond Fund
Nippon India Dynamic Bond Fund 
 Growth Launch Date   15 Nov 04  NAV (28 Oct 25)   ₹37.9206  ↓ -0.04   (-0.10 %)  Net Assets (Cr)   ₹4,362 on 31 Aug 25  Category  Debt - Dynamic Bond AMC   Nippon Life Asset Management Ltd.  Rating  Risk  Moderate Expense Ratio  0.71 Sharpe Ratio  0.44 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  6.56% Effective Maturity  4 Years 10 Months 24 Days Modified Duration  4 Years 4 Days  Growth of 10,000 investment over the years. 
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹10,595 30 Sep 22 ₹10,718 30 Sep 23 ₹11,499 30 Sep 24 ₹12,521 30 Sep 25 ₹13,426  Returns for Nippon India Dynamic Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Oct 25 Duration Returns 1 Month  0.8%  3 Month  0.5%  6 Month  2.3%  1 Year  7.7%  3 Year  8.2%  5 Year  5.6%  10 Year    15 Year    Since launch  6.6%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  9%  2023  6.7%  2022  2.4%  2021  2.7%  2020  11.3%  2019  8.4%  2018  4.7%  2017  3.1%  2016  13.9%  2015  5.7%   Fund Manager information for Nippon India Dynamic Bond Fund 
Name Since Tenure Vivek Sharma 25 Jun 20 5.27 Yr. Pranay Sinha 31 Mar 21 4.5 Yr. Kinjal Desai 25 May 18 7.36 Yr. Data below for Nippon India Dynamic Bond Fund as on 31 Aug 25 
 Asset Allocation 
Asset Class Value Cash 2.06% Debt 97.64% Other 0.3%  Debt Sector Allocation 
Sector Value Government 97.64% Cash Equivalent 2.06%  Credit Quality 
Rating Value AAA 100%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  07.83 MH Sdl 2030  
Sovereign Bonds  | -7% ₹306 Cr 29,400,000  07.78 MH Sgs 2030  
Sovereign Bonds  | -6% ₹251 Cr 24,100,200  07.04 Tn SDL 2030  
Sovereign Bonds  | -5% ₹234 Cr 23,078,300  07.72 MH Sgs 2031  
Sovereign Bonds  | -5% ₹199 Cr 19,146,700  07.02 Tn SDL 2030  
Sovereign Bonds  | -3% ₹126 Cr 12,500,000  7.17% Govt Stock 2030  
Sovereign Bonds  | -3% ₹125 Cr 12,000,000  07.86 MH Sdl 2030  
Sovereign Bonds  | -3% ₹115 Cr 11,000,000  06.65 GJ Sdl 2030  
Sovereign Bonds  | -3% ₹112 Cr 11,200,000  07.09 KA Sdl 2030  
Sovereign Bonds  | -2% ₹105 Cr 10,321,200  07.49 MH Sdl 2030  
Sovereign Bonds  | -2% ₹103 Cr 10,030,000 8. SBI Magnum Constant Maturity Fund
SBI Magnum Constant Maturity Fund 
 Growth Launch Date   30 Dec 00  NAV (28 Oct 25)   ₹64.4397  ↑ 0.01   (0.01 %)  Net Assets (Cr)   ₹1,882 on 31 Aug 25  Category  Debt - 10 Yr Govt Bond AMC   SBI Funds Management Private Limited  Rating  ☆☆☆☆ Risk  Moderately Low Expense Ratio  0.63 Sharpe Ratio  0.17 Information Ratio  0 Alpha Ratio  0 Min Investment   5,000  Min SIP Investment   500  Exit Load   NIL  Yield to Maturity  6.87% Effective Maturity  9 Years 5 Months 26 Days Modified Duration  6 Years 8 Months 1 Day  Growth of 10,000 investment over the years. 
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹10,501 30 Sep 22 ₹10,450 30 Sep 23 ₹11,243 30 Sep 24 ₹12,380 30 Sep 25 ₹13,175  Returns for SBI Magnum Constant Maturity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Oct 25 Duration Returns 1 Month  0.5%  3 Month  0.4%  6 Month  1.3%  1 Year  7.6%  3 Year  8.1%  5 Year  5.4%  10 Year    15 Year    Since launch  7.8%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  9.1%  2023  7.5%  2022  1.3%  2021  2.4%  2020  11.6%  2019  11.9%  2018  9.9%  2017  6.2%  2016  12.8%  2015  9.1%   Fund Manager information for SBI Magnum Constant Maturity Fund 
Name Since Tenure Sudhir Agarwal 1 Jul 25 0.25 Yr. Data below for SBI Magnum Constant Maturity Fund as on 31 Aug 25 
 Asset Allocation 
Asset Class Value Cash 0.92% Debt 99.08%  Debt Sector Allocation 
Sector Value Government 99.08% Cash Equivalent 0.92%  Credit Quality 
Rating Value AAA 100%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  6.79% Govt Stock 2034  
Sovereign Bonds  | -73% ₹1,373 Cr 135,000,000 
 ↑ 9,000,000  7.18% Govt Stock 2037  
Sovereign Bonds  | -24% ₹455 Cr 43,999,500 
 ↓ -5,000,000  6.33% Govt Stock 2035  
Sovereign Bonds  | -1% ₹25 Cr 2,500,000  Net Receivable / Payable  
CBLO  | -1% ₹10 Cr  Treps  
CBLO/Reverse Repo  | -0% ₹7 Cr 
Research Highlights for Aditya Birla Sun Life Credit Risk Fund