सर्वोत्कृष्ट डेट म्युच्युअल फंड 2022

Updated on March 29, 2026 , 65301 views

सर्वोत्कृष्ट कर्ज निधी गुंतवणूकीच्या कालावधीनुसार बदलतातगुंतवणूकदार. सर्वोत्कृष्ट निवडताना गुंतवणूकदारांनी त्यांच्या गुंतवणुकीच्या क्षितिजावर स्पष्ट असणे आवश्यक आहेकर्ज निधी त्यांच्या गुंतवणुकीसाठी आणि व्याजदर परिस्थितीमध्ये देखील घटक.

खूप कमी होल्डिंग कालावधी असलेल्या गुंतवणूकदारांसाठी, काही दिवस ते एक महिना म्हणा,लिक्विड फंड आणि अति-अल्पकालीन निधी संबंधित असू शकते. जेव्हा वेळ क्षितिज एक ते दोन वर्षांचा असतो तेव्हा अल्पकालीन निधी हे इच्छित साधन असू शकते. दीर्घ मुदतीसाठी, 3 वर्षांहून अधिक काळासाठी, दीर्घकालीन डेट फंड हे गुंतवणूकदारांचे सर्वाधिक पसंतीचे साधन आहेत, विशेषत: घसरलेल्या व्याजदराच्या वेळी. सर्वात महत्त्वाचे म्हणजे, डेट फंड पेक्षा कमी धोकादायक असल्याचे सिद्ध झाले आहेइक्विटी अल्पकालीन गुंतवणूक शोधत असताना, तथापि, दीर्घकालीन उत्पन्न निधीची अस्थिरता इक्विटीशी जुळू शकते.

डेट फंड सरकारी सिक्युरिटीज, ट्रेझरी बिले, कॉर्पोरेट यांसारख्या निश्चित उत्पन्न साधनांमध्ये गुंतवणूक करतात म्हणूनबंध, इत्यादी, त्यांच्याकडे कालांतराने सातत्यपूर्ण आणि नियमित परतावा निर्माण करण्याची क्षमता आहे. तथापि, गुंतवणुकीसाठी सर्वोत्तम डेट फंड निवडण्यापूर्वी अनेक गुणात्मक आणि परिमाणात्मक घटक समजून घेणे आवश्यक आहे, उदा - AUM, सरासरी परिपक्वता, कर आकारणी, पोर्टफोलिओची क्रेडिट गुणवत्ता इ. खाली आम्ही शीर्ष 5 सर्वोत्तम डेट फंडांची यादी केली आहे. डेट फंडाच्या विविध श्रेणींमध्ये गुंतवणूक करण्यासाठी -सर्वोत्तम लिक्विड फंड, सर्वोत्तम अल्ट्रा शॉर्ट टर्म फंड,सर्वोत्तम अल्पकालीन निधी, सर्वोत्तम दीर्घकालीन निधी आणि सर्वोत्तमगिल्ट फंड 2022 - 2023 मध्ये गुंतवणूक करा.

डेट म्युच्युअल फंडात गुंतवणूक का करावी?

a नियमित उत्पन्न मिळविण्यासाठी डेट फंड ही एक आदर्श गुंतवणूक मानली जाते. उदाहरणार्थ, लाभांश पेआउट निवडणे हा नियमित उत्पन्नाचा पर्याय असू शकतो.

b डेट फंडांमध्ये, गुंतवणूकदार कोणत्याही वेळी गुंतवणुकीतून आवश्यक पैसे काढू शकतात आणि उर्वरित पैसे गुंतवू शकतात.

c डेट फंड मोठ्या प्रमाणावर सरकारी सिक्युरिटीज, कॉर्पोरेट डेट आणि इतर सिक्युरिटीज जसे की ट्रेझरी बिले इत्यादींमध्ये गुंतवणूक करत असल्याने, त्यांना इक्विटी बाजारातील अस्थिरतेचा परिणाम होत नाही.

d जर एखादा गुंतवणूकदार अल्प-मुदतीसाठी साध्य करण्याचा विचार करत असेलआर्थिक उद्दिष्टे किंवा कमी कालावधीसाठी गुंतवणूक करा मग डेट फंड हा चांगला पर्याय असू शकतो. लिक्विड फंड, अल्ट्रा शॉर्ट टर्म फंड आणि शॉर्ट टर्म इन्कम फंड हे इच्छित पर्याय असू शकतात.

ई डेट फंडांमध्ये, गुंतवणूकदार एक पद्धतशीर पैसे काढण्याची योजना सुरू करून दर महिन्याला निश्चित उत्पन्न मिळवू शकतात (SWP याच्या उलट आहेSIP /कृपया) मासिक आधारावर निश्चित रक्कम काढणे. तसेच, जेव्हा आवश्यक असेल तेव्हा तुम्ही SWP ची रक्कम बदलू शकता.

डेट म्युच्युअल फंडातील जोखीम

असतानागुंतवणूक डेट फंडांमध्ये, गुंतवणूकदारांनी त्यांच्याशी संबंधित दोन प्रमुख जोखमींबद्दल सावध असले पाहिजे- क्रेडिट जोखीम आणि व्याज जोखीम.

a उधारीची जोखीम

जेव्हा कर्जाची साधने जारी केलेली कंपनी नियमित पेमेंट करत नाही तेव्हा क्रेडिट जोखीम उद्भवते. अशा परिस्थितीत, फंडाचा पोर्टफोलिओमध्ये किती भाग आहे यावर त्याचा फंडावर मोठा परिणाम होतो. म्हणून, अधिक रेटिंग असलेल्या कर्ज साधनांमध्ये असण्याची सूचना केली जाते. अएएए कमी किंवा नगण्य पेमेंटसह रेटिंग ही सर्वोच्च गुणवत्ता मानली जातेअविचल जोखीम.

b व्याज जोखीम

व्याजदर जोखीम प्रचलित व्याजदरातील बदलामुळे बाँडच्या किमतीतील बदलास सूचित करते. जेव्हा अर्थव्यवस्थेत व्याजदर वाढतात तेव्हा रोख्यांच्या किमती खाली येतात आणि त्याउलट. फंडाच्या पोर्टफोलिओची मॅच्युरिटी जितकी जास्त असेल तितका तो व्याजदराच्या जोखमीसाठी अधिक प्रवण असतो. त्यामुळे वाढत्या व्याजदराच्या परिस्थितीत, कमी मुदतीच्या कर्ज निधीसाठी जाण्याचा सल्ला दिला जातो. आणि घसरलेल्या व्याजदर परिस्थितीत उलट.

डेट म्युच्युअल फंड कर आकारणी

डेट फंडावरील कराची गणना खालील पद्धतीने केली जाते-

a शॉर्ट टर्म कॅपिटल गेन

जर कर्ज गुंतवणुकीचा होल्डिंग कालावधी 36 महिन्यांपेक्षा कमी असेल, तर ती अल्प-मुदतीची गुंतवणूक म्हणून वर्गीकृत केली जाते आणि त्यावर व्यक्तीच्या कर स्लॅबनुसार कर आकारला जातो.

b दीर्घकालीन भांडवली नफा

जर कर्ज गुंतवणुकीचा होल्डिंग कालावधी 36 महिन्यांपेक्षा जास्त असेल, तर ती दीर्घकालीन गुंतवणूक म्हणून वर्गीकृत केली जाते आणि इंडेक्सेशन लाभासह 20% कर आकारला जातो.

भांडवल फायदा होतो	गुंतवणूक होल्डिंग नफा	कर आकारणी
अल्पकालीनभांडवली नफा	36 महिन्यांपेक्षा कमी	व्यक्तीच्या कर स्लॅबनुसार
दीर्घकालीन भांडवली नफा	36 महिन्यांहून अधिक	इंडेक्सेशन लाभांसह 20%

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आर्थिक वर्ष 22 - 23 गुंतवणुकीसाठी भारतातील सर्वोत्तम डेट म्युच्युअल फंड

शीर्ष 5 लिक्विड म्युच्युअल फंड

शीर्षस्थानीद्रव एयूएम/निव्वळ मालमत्ता > 10 असलेले निधी,000 कोटी.

Fund	NAV	Net Assets (Cr)	Min Investment	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Axis Liquid Fund Growth	₹3,036.41 ↑ 0.61	₹43,636	500	0.5	1.5	3	6.2	6.6	6.36%	1M 11D	1M 14D
Tata Liquid Fund Growth	₹4,294.22 ↑ 0.87	₹33,869	5,000	0.5	1.5	2.9	6.2	6.5	6.21%	1M 7D	1M 7D
Aditya Birla Sun Life Liquid Fund Growth	₹439.309 ↑ 0.09	₹51,838	5,000	0.5	1.5	2.9	6.1	6.5	6.54%	1M 20D	1M 20D
Invesco India Liquid Fund Growth	₹3,747.05 ↑ 0.74	₹15,423	5,000	0.5	1.5	2.9	6.1	6.5	6.12%	1M 10D	1M 10D
Nippon India Liquid Fund Growth	₹6,652.35 ↑ 1.32	₹32,736	100	0.5	1.4	2.9	6.1	6.5	6.66%	1M 21D	1M 25D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Axis Liquid Fund	Tata Liquid Fund	Aditya Birla Sun Life Liquid Fund	Invesco India Liquid Fund	Nippon India Liquid Fund
Point 1	Upper mid AUM (₹43,636 Cr).	Lower mid AUM (₹33,869 Cr).	Highest AUM (₹51,838 Cr).	Bottom quartile AUM (₹15,423 Cr).	Bottom quartile AUM (₹32,736 Cr).
Point 2	Established history (16+ yrs).	Established history (21+ yrs).	Oldest track record among peers (22 yrs).	Established history (19+ 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: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 6.17% (top quartile).	1Y return: 6.15% (upper mid).	1Y return: 6.14% (lower mid).	1Y return: 6.14% (bottom quartile).	1Y return: 6.12% (bottom quartile).
Point 6	1M return: 0.51% (top quartile).	1M return: 0.49% (bottom quartile).	1M return: 0.50% (bottom quartile).	1M return: 0.50% (upper mid).	1M return: 0.50% (lower mid).
Point 7	Sharpe: 2.99 (upper mid).	Sharpe: 2.84 (bottom quartile).	Sharpe: 2.87 (lower mid).	Sharpe: 2.99 (top quartile).	Sharpe: 2.60 (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): 6.36% (lower mid).	Yield to maturity (debt): 6.21% (bottom quartile).	Yield to maturity (debt): 6.54% (upper mid).	Yield to maturity (debt): 6.12% (bottom quartile).	Yield to maturity (debt): 6.66% (top quartile).
Point 10	Modified duration: 0.12 yrs (lower mid).	Modified duration: 0.10 yrs (top quartile).	Modified duration: 0.14 yrs (bottom quartile).	Modified duration: 0.11 yrs (upper mid).	Modified duration: 0.14 yrs (bottom quartile).

Axis Liquid Fund

Upper mid AUM (₹43,636 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.17% (top quartile).
1M return: 0.51% (top quartile).
Sharpe: 2.99 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.36% (lower mid).
Modified duration: 0.12 yrs (lower mid).

Tata Liquid Fund

Lower mid AUM (₹33,869 Cr).
Established history (21+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.15% (upper mid).
1M return: 0.49% (bottom quartile).
Sharpe: 2.84 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.21% (bottom quartile).
Modified duration: 0.10 yrs (top quartile).

Aditya Birla Sun Life Liquid Fund

Highest AUM (₹51,838 Cr).
Oldest track record among peers (22 yrs).
Rating: 4★ (lower mid).
Risk profile: Low.
1Y return: 6.14% (lower mid).
1M return: 0.50% (bottom quartile).
Sharpe: 2.87 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.54% (upper mid).
Modified duration: 0.14 yrs (bottom quartile).

Invesco India Liquid Fund

Bottom quartile AUM (₹15,423 Cr).
Established history (19+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Low.
1Y return: 6.14% (bottom quartile).
1M return: 0.50% (upper mid).
Sharpe: 2.99 (top quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.12% (bottom quartile).
Modified duration: 0.11 yrs (upper mid).

Nippon India Liquid Fund

Bottom quartile AUM (₹32,736 Cr).
Established history (22+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Low.
1Y return: 6.12% (bottom quartile).
1M return: 0.50% (lower mid).
Sharpe: 2.60 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.66% (top quartile).
Modified duration: 0.14 yrs (bottom quartile).

टॉप 5 अल्ट्रा शॉर्ट टर्म बाँड म्युच्युअल फंड

शीर्षस्थानीअल्ट्रा शॉर्ट बाँड एयूएम/निव्वळ मालमत्ता > 1,000 कोटी असलेले निधी.

Fund	NAV	Net Assets (Cr)	Min Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Aditya Birla Sun Life Savings Fund Growth	₹573.63 ↑ 0.12	₹21,467	1,000	1.3	2.9	6.8	7.3	7.4	7.14%	5M 23D	6M 18D
UTI Ultra Short Term Fund Growth	₹4,414.21 ↑ 0.78	₹3,946	5,000	1.2	2.6	6	6.7	6.6	6.76%	4M 23D	5M 19D
ICICI Prudential Ultra Short Term Fund Growth	₹28.9546 ↑ 0.01	₹14,897	5,000	1.3	2.8	6.5	7	7.1	7.11%	5M 8D	6M 14D
SBI Magnum Ultra Short Duration Fund Growth	₹6,242.09 ↑ 1.29	₹13,685	5,000	1.3	2.8	6.4	7	7	6.47%	4M 13D	6M
Kotak Savings Fund Growth	₹44.7669 ↑ 0.01	₹16,105	5,000	1.4	2.8	6.3	6.8	6.8	7.12%	5M 23D	6M 18D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Aditya Birla Sun Life Savings Fund	UTI Ultra Short Term Fund	ICICI Prudential Ultra Short Term Fund	SBI Magnum Ultra Short Duration Fund	Kotak Savings Fund
Point 1	Highest AUM (₹21,467 Cr).	Bottom quartile AUM (₹3,946 Cr).	Lower mid AUM (₹14,897 Cr).	Bottom quartile AUM (₹13,685 Cr).	Upper mid AUM (₹16,105 Cr).
Point 2	Established history (22+ yrs).	Established history (22+ yrs).	Established history (14+ yrs).	Oldest track record among peers (26 yrs).	Established history (21+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderately Low.	Risk profile: Moderately Low.	Risk profile: Moderate.	Risk profile: Low.	Risk profile: Moderately Low.
Point 5	1Y return: 6.76% (top quartile).	1Y return: 6.00% (bottom quartile).	1Y return: 6.55% (upper mid).	1Y return: 6.42% (lower mid).	1Y return: 6.34% (bottom quartile).
Point 6	1M return: 0.44% (bottom quartile).	1M return: 0.37% (bottom quartile).	1M return: 0.48% (upper mid).	1M return: 0.46% (lower mid).	1M return: 0.52% (top quartile).
Point 7	Sharpe: 2.39 (top quartile).	Sharpe: 1.38 (bottom quartile).	Sharpe: 2.28 (upper mid).	Sharpe: 2.26 (lower mid).	Sharpe: 1.80 (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): 7.14% (top quartile).	Yield to maturity (debt): 6.76% (bottom quartile).	Yield to maturity (debt): 7.11% (lower mid).	Yield to maturity (debt): 6.47% (bottom quartile).	Yield to maturity (debt): 7.12% (upper mid).
Point 10	Modified duration: 0.48 yrs (bottom quartile).	Modified duration: 0.40 yrs (upper mid).	Modified duration: 0.44 yrs (lower mid).	Modified duration: 0.37 yrs (top quartile).	Modified duration: 0.48 yrs (bottom quartile).

Aditya Birla Sun Life Savings Fund

Highest AUM (₹21,467 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 6.76% (top quartile).
1M return: 0.44% (bottom quartile).
Sharpe: 2.39 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.14% (top quartile).
Modified duration: 0.48 yrs (bottom quartile).

UTI Ultra Short Term Fund

Bottom quartile AUM (₹3,946 Cr).
Established history (22+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately Low.
1Y return: 6.00% (bottom quartile).
1M return: 0.37% (bottom quartile).
Sharpe: 1.38 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.76% (bottom quartile).
Modified duration: 0.40 yrs (upper mid).

ICICI Prudential Ultra Short Term Fund

Lower mid AUM (₹14,897 Cr).
Established history (14+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 6.55% (upper mid).
1M return: 0.48% (upper mid).
Sharpe: 2.28 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.11% (lower mid).
Modified duration: 0.44 yrs (lower mid).

SBI Magnum Ultra Short Duration Fund

Bottom quartile AUM (₹13,685 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.42% (lower mid).
1M return: 0.46% (lower mid).
Sharpe: 2.26 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.47% (bottom quartile).
Modified duration: 0.37 yrs (top quartile).

Kotak Savings Fund

Upper mid AUM (₹16,105 Cr).
Established history (21+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.34% (bottom quartile).
1M return: 0.52% (top quartile).
Sharpe: 1.80 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.12% (upper mid).
Modified duration: 0.48 yrs (bottom quartile).

शीर्ष आणि सर्वोत्तम फ्लोटिंग रेट म्युच्युअल फंड

Fund	NAV	Net Assets (Cr)	Min Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Aditya Birla Sun Life Floating Rate Fund - Long Term Growth	₹363.178 ↑ 0.07	₹13,462	1,000	1.1	2.7	6.6	7.4	7.7	7.03%	1Y 7D	1Y 8M 19D
ICICI Prudential Floating Interest Fund Growth	₹443.516 ↑ 0.09	₹7,215	5,000	1.1	2.9	6.8	7.6	7.7	7.07%	1Y 8M 1D	3Y 25D
Nippon India Floating Rate Fund Growth	₹46.9082 ↑ 0.01	₹8,381	5,000	0.6	2.1	6.3	7.5	7.9	7.04%	2Y 2M 1D	2Y 8M 5D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Mar 26

Research Highlights & Commentary of 3 Funds showcased

Commentary	Aditya Birla Sun Life Floating Rate Fund - Long Term	ICICI Prudential Floating Interest Fund	Nippon India Floating Rate Fund
Point 1	Highest AUM (₹13,462 Cr).	Bottom quartile AUM (₹7,215 Cr).	Lower mid AUM (₹8,381 Cr).
Point 2	Established history (17+ yrs).	Established history (20+ yrs).	Oldest track record among peers (21 yrs).
Point 3	Top rated.	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderately Low.	Risk profile: Moderate.	Risk profile: Moderately Low.
Point 5	1Y return: 6.64% (lower mid).	1Y return: 6.82% (upper mid).	1Y return: 6.29% (bottom quartile).
Point 6	1M return: 0.24% (upper mid).	1M return: 0.18% (lower mid).	1M return: -0.24% (bottom quartile).
Point 7	Sharpe: 1.74 (lower mid).	Sharpe: 1.91 (upper mid).	Sharpe: 1.19 (bottom quartile).
Point 8	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 7.03% (bottom quartile).	Yield to maturity (debt): 7.07% (upper mid).	Yield to maturity (debt): 7.04% (lower mid).
Point 10	Modified duration: 1.02 yrs (upper mid).	Modified duration: 1.67 yrs (lower mid).	Modified duration: 2.17 yrs (bottom quartile).

Aditya Birla Sun Life Floating Rate Fund - Long Term

Highest AUM (₹13,462 Cr).
Established history (17+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 6.64% (lower mid).
1M return: 0.24% (upper mid).
Sharpe: 1.74 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.03% (bottom quartile).
Modified duration: 1.02 yrs (upper mid).

ICICI Prudential Floating Interest Fund

Bottom quartile AUM (₹7,215 Cr).
Established history (20+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 6.82% (upper mid).
1M return: 0.18% (lower mid).
Sharpe: 1.91 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.07% (upper mid).
Modified duration: 1.67 yrs (lower mid).

Nippon India Floating Rate Fund

Lower mid AUM (₹8,381 Cr).
Oldest track record among peers (21 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.29% (bottom quartile).
1M return: -0.24% (bottom quartile).
Sharpe: 1.19 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.04% (lower mid).
Modified duration: 2.17 yrs (bottom quartile).

शीर्ष 5 सर्वोत्तम मनी मार्केट म्युच्युअल फंड

Fund	NAV	Net Assets (Cr)	Min Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Aditya Birla Sun Life Money Manager Fund Growth	₹386.727 ↑ 0.07	₹30,778	1,000	1.2	2.7	6.5	7.3	7.4	7.02%	7M 17D	7M 20D
UTI Money Market Fund Growth	₹3,225.3 ↑ 0.60	₹20,320	10,000	1.2	2.8	6.6	7.3	7.5	6.03%	7M	7M
ICICI Prudential Money Market Fund Growth	₹396.813 ↑ 0.07	₹32,236	500	1.2	2.8	6.6	7.3	7.4	6.77%	7M 21D	8M 9D
Kotak Money Market Scheme Growth	₹4,695.82 ↑ 0.84	₹33,661	5,000	1.3	2.8	6.6	7.3	7.4	6.84%	7M 24D	7M 24D
Tata Money Market Fund Growth	₹4,937.35 ↑ 0.96	₹33,999	5,000	1.3	2.7	6.6	7.3	7.4	6.64%	6D	6D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Aditya Birla Sun Life Money Manager Fund	UTI Money Market Fund	ICICI Prudential Money Market Fund	Kotak Money Market Scheme	Tata Money Market Fund
Point 1	Bottom quartile AUM (₹30,778 Cr).	Bottom quartile AUM (₹20,320 Cr).	Lower mid AUM (₹32,236 Cr).	Upper mid AUM (₹33,661 Cr).	Highest AUM (₹33,999 Cr).
Point 2	Established history (20+ yrs).	Established history (16+ yrs).	Established history (20+ yrs).	Oldest track record among peers (22 yrs).	Established history (22+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 4★ (lower mid).	Rating: 4★ (bottom quartile).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 6.52% (bottom quartile).	1Y return: 6.63% (top quartile).	1Y return: 6.60% (lower mid).	1Y return: 6.58% (bottom quartile).	1Y return: 6.62% (upper mid).
Point 6	1M return: 0.36% (upper mid).	1M return: 0.34% (lower mid).	1M return: 0.32% (bottom quartile).	1M return: 0.36% (top quartile).	1M return: 0.33% (bottom quartile).
Point 7	Sharpe: 2.09 (bottom quartile).	Sharpe: 2.45 (upper mid).	Sharpe: 2.51 (top quartile).	Sharpe: 2.32 (bottom quartile).	Sharpe: 2.38 (lower 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): 7.02% (top quartile).	Yield to maturity (debt): 6.03% (bottom quartile).	Yield to maturity (debt): 6.77% (lower mid).	Yield to maturity (debt): 6.84% (upper mid).	Yield to maturity (debt): 6.64% (bottom quartile).
Point 10	Modified duration: 0.63 yrs (lower mid).	Modified duration: 0.58 yrs (upper mid).	Modified duration: 0.64 yrs (bottom quartile).	Modified duration: 0.65 yrs (bottom quartile).	Modified duration: 0.02 yrs (top quartile).

Aditya Birla Sun Life Money Manager Fund

Bottom quartile AUM (₹30,778 Cr).
Established history (20+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.52% (bottom quartile).
1M return: 0.36% (upper mid).
Sharpe: 2.09 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.02% (top quartile).
Modified duration: 0.63 yrs (lower mid).

UTI Money Market Fund

Bottom quartile AUM (₹20,320 Cr).
Established history (16+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.63% (top quartile).
1M return: 0.34% (lower mid).
Sharpe: 2.45 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.03% (bottom quartile).
Modified duration: 0.58 yrs (upper mid).

ICICI Prudential Money Market Fund

Lower mid AUM (₹32,236 Cr).
Established history (20+ yrs).
Rating: 4★ (lower mid).
Risk profile: Low.
1Y return: 6.60% (lower mid).
1M return: 0.32% (bottom quartile).
Sharpe: 2.51 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.77% (lower mid).
Modified duration: 0.64 yrs (bottom quartile).

Kotak Money Market Scheme

Upper mid AUM (₹33,661 Cr).
Oldest track record among peers (22 yrs).
Rating: 4★ (bottom quartile).
Risk profile: Low.
1Y return: 6.58% (bottom quartile).
1M return: 0.36% (top quartile).
Sharpe: 2.32 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.84% (upper mid).
Modified duration: 0.65 yrs (bottom quartile).

Tata Money Market Fund

Highest AUM (₹33,999 Cr).
Established history (22+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.62% (upper mid).
1M return: 0.33% (bottom quartile).
Sharpe: 2.38 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.64% (bottom quartile).
Modified duration: 0.02 yrs (top quartile).

टॉप 5 शॉर्ट टर्म बाँड म्युच्युअल फंड

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
ICICI Prudential Short Term Fund Growth	₹62.484 ↑ 0.01	₹21,510	0.6	2.2	6.2	7.3	8	7.41%	2Y 8M 23D	4Y 6M 11D
Nippon India Short Term Fund Growth	₹54.6665 ↑ 0.01	₹8,367	0.5	1.9	6	7.2	7.9	7.28%	2Y 5M 23D	3Y
Aditya Birla Sun Life Short Term Opportunities Fund Growth	₹49.2565 ↑ 0.01	₹9,386	0.4	2	5.8	7.1	7.7	7.29%	2Y 4M 2D	2Y 11M 26D
UTI Short Term Income Fund Growth	₹32.7431 ↑ 0.01	₹3,090	0.4	1.7	5.5	7	7.3	7.19%	2Y 5M 16D	3Y 5M 16D
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	ICICI Prudential Short Term Fund	Nippon India Short Term Fund	Aditya Birla Sun Life Short Term Opportunities Fund	UTI Short Term Income Fund
Point 1	Bottom quartile AUM (₹28 Cr).	Highest AUM (₹21,510 Cr).	Lower mid AUM (₹8,367 Cr).	Upper mid AUM (₹9,386 Cr).	Bottom quartile AUM (₹3,090 Cr).
Point 2	Established history (23+ yrs).	Oldest track record among peers (24 yrs).	Established history (23+ yrs).	Established history (22+ yrs).	Established history (18+ 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: Moderately Low.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 6.08% (upper mid).	1Y return: 6.22% (top quartile).	1Y return: 5.98% (lower mid).	1Y return: 5.83% (bottom quartile).	1Y return: 5.51% (bottom quartile).
Point 6	1M return: 0.43% (top quartile).	1M return: -0.21% (upper mid).	1M return: -0.41% (bottom quartile).	1M return: -0.26% (lower mid).	1M return: -0.33% (bottom quartile).
Point 7	Sharpe: -0.98 (bottom quartile).	Sharpe: 1.37 (top quartile).	Sharpe: 1.03 (upper mid).	Sharpe: 0.91 (lower mid).	Sharpe: 0.81 (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): 7.18% (bottom quartile).	Yield to maturity (debt): 7.41% (top quartile).	Yield to maturity (debt): 7.28% (lower mid).	Yield to maturity (debt): 7.29% (upper mid).	Yield to maturity (debt): 7.19% (bottom quartile).
Point 10	Modified duration: 1.66 yrs (top quartile).	Modified duration: 2.73 yrs (bottom quartile).	Modified duration: 2.48 yrs (bottom quartile).	Modified duration: 2.34 yrs (upper mid).	Modified duration: 2.46 yrs (lower mid).

PGIM India Short Maturity Fund

Bottom quartile AUM (₹28 Cr).
Established history (23+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 6.08% (upper mid).
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).

ICICI Prudential Short Term Fund

Highest AUM (₹21,510 Cr).
Oldest track record among peers (24 yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 6.22% (top quartile).
1M return: -0.21% (upper mid).
Sharpe: 1.37 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.41% (top quartile).
Modified duration: 2.73 yrs (bottom quartile).

Nippon India Short Term Fund

Lower mid AUM (₹8,367 Cr).
Established history (23+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately Low.
1Y return: 5.98% (lower mid).
1M return: -0.41% (bottom quartile).
Sharpe: 1.03 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.28% (lower mid).
Modified duration: 2.48 yrs (bottom quartile).

Aditya Birla Sun Life Short Term Opportunities Fund

Upper mid AUM (₹9,386 Cr).
Established history (22+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
1Y return: 5.83% (bottom quartile).
1M return: -0.26% (lower mid).
Sharpe: 0.91 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.29% (upper mid).
Modified duration: 2.34 yrs (upper mid).

UTI Short Term Income Fund

Bottom quartile AUM (₹3,090 Cr).
Established history (18+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
1Y return: 5.51% (bottom quartile).
1M return: -0.33% (bottom quartile).
Sharpe: 0.81 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.19% (bottom quartile).
Modified duration: 2.46 yrs (lower mid).

शीर्ष 5 मध्यम ते दीर्घ मुदतीचे बाँड म्युच्युअल फंड

शीर्षस्थानीमध्यम ते दीर्घ मुदतीचे बाँड एयूएम/निव्वळ मालमत्ता > 500 कोटी असलेले निधी.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
SBI Magnum Income Fund Growth	₹71.4362 ↑ 0.01	₹2,080	-0.5	0.7	3	6.3	5.9	7.51%	4Y 3M 14D	7Y 8M 16D
ICICI Prudential Bond Fund Growth	₹40.7536 ↑ 0.01	₹2,768	-0.6	0.7	3.3	6.9	6.7	7.27%	6Y 6M 7D	16Y 7M 13D
Aditya Birla Sun Life Income Fund Growth	₹125.495 ↑ 0.02	₹1,966	-1.1	-0.1	1.4	5.8	5.1	7.23%	6Y 6M	14Y 4M 6D
Kotak Bond Fund Growth	₹76.9719 ↑ 0.01	₹1,908	-1	0.1	2	5.9	5.4	7.42%	6Y 5M 26D	12Y 7M 13D
HDFC Income Fund Growth	₹58.2668 ↑ 0.01	₹856	-1	-0.1	1.8	6	5.5	6.91%	6Y 5M 1D	12Y 5M 26D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI Magnum Income Fund	ICICI Prudential Bond Fund	Aditya Birla Sun Life Income Fund	Kotak Bond Fund	HDFC Income Fund
Point 1	Upper mid AUM (₹2,080 Cr).	Highest AUM (₹2,768 Cr).	Lower mid AUM (₹1,966 Cr).	Bottom quartile AUM (₹1,908 Cr).	Bottom quartile AUM (₹856 Cr).
Point 2	Established history (27+ yrs).	Established history (17+ yrs).	Oldest track record among peers (30 yrs).	Established history (26+ yrs).	Established history (25+ yrs).
Point 3	Top rated.	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Rating: 2★ (bottom quartile).	Rating: 2★ (bottom quartile).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 3.00% (upper mid).	1Y return: 3.27% (top quartile).	1Y return: 1.44% (bottom quartile).	1Y return: 2.00% (lower mid).	1Y return: 1.76% (bottom quartile).
Point 6	1M return: -1.04% (top quartile).	1M return: -1.26% (upper mid).	1M return: -1.60% (bottom quartile).	1M return: -1.55% (lower mid).	1M return: -1.67% (bottom quartile).
Point 7	Sharpe: -0.06 (upper mid).	Sharpe: 0.20 (top quartile).	Sharpe: -0.19 (bottom quartile).	Sharpe: -0.12 (bottom quartile).	Sharpe: -0.10 (lower 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): 7.51% (top quartile).	Yield to maturity (debt): 7.27% (lower mid).	Yield to maturity (debt): 7.23% (bottom quartile).	Yield to maturity (debt): 7.42% (upper mid).	Yield to maturity (debt): 6.91% (bottom quartile).
Point 10	Modified duration: 4.29 yrs (top quartile).	Modified duration: 6.52 yrs (bottom quartile).	Modified duration: 6.50 yrs (bottom quartile).	Modified duration: 6.49 yrs (lower mid).	Modified duration: 6.42 yrs (upper mid).

SBI Magnum Income Fund

Upper mid AUM (₹2,080 Cr).
Established history (27+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 3.00% (upper mid).
1M return: -1.04% (top quartile).
Sharpe: -0.06 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.51% (top quartile).
Modified duration: 4.29 yrs (top quartile).

ICICI Prudential Bond Fund

Highest AUM (₹2,768 Cr).
Established history (17+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 3.27% (top quartile).
1M return: -1.26% (upper mid).
Sharpe: 0.20 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.27% (lower mid).
Modified duration: 6.52 yrs (bottom quartile).

Aditya Birla Sun Life Income Fund

Lower mid AUM (₹1,966 Cr).
Oldest track record among peers (30 yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 1.44% (bottom quartile).
1M return: -1.60% (bottom quartile).
Sharpe: -0.19 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.23% (bottom quartile).
Modified duration: 6.50 yrs (bottom quartile).

Kotak Bond Fund

Bottom quartile AUM (₹1,908 Cr).
Established history (26+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderate.
1Y return: 2.00% (lower mid).
1M return: -1.55% (lower mid).
Sharpe: -0.12 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.42% (upper mid).
Modified duration: 6.49 yrs (lower mid).

HDFC Income Fund

Bottom quartile AUM (₹856 Cr).
Established history (25+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderate.
1Y return: 1.76% (bottom quartile).
1M return: -1.67% (bottom quartile).
Sharpe: -0.10 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.91% (bottom quartile).
Modified duration: 6.42 yrs (upper mid).

शीर्ष 5 बँकिंग आणि PSU डेट म्युच्युअल फंड

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
UTI Banking & PSU Debt Fund Growth	₹22.8155 ↑ 0.00	₹1,099	0.9	2.3	6.5	7.1	7.8	6.87%	1Y 18D	1Y 1M 20D
HDFC Banking and PSU Debt Fund Growth	₹23.6802 ↑ 0.00	₹5,599	0.1	1.6	5.2	6.9	7.5	7.14%	3Y 1M 6D	4Y 4M 2D
Kotak Banking and PSU Debt fund Growth	₹67.688 ↑ 0.01	₹5,409	0.4	2.2	5.8	7.1	7.7	7.17%	3Y 2M 8D	4Y 14D
ICICI Prudential Banking and PSU Debt Fund Growth	₹33.8304 ↑ 0.01	₹9,293	0.2	1.9	5.6	7.1	7.6	7.21%	3Y 3M 22D	5Y 11M 8D
Aditya Birla Sun Life Banking & PSU Debt Fund Growth	₹377.513 ↑ 0.07	₹8,991	0.2	1.6	5.2	6.9	7.3	7.13%	3Y 3M 4D	4Y 6M 7D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	UTI Banking & PSU Debt Fund	HDFC Banking and PSU Debt Fund	Kotak Banking and PSU Debt fund	ICICI Prudential Banking and PSU Debt Fund	Aditya Birla Sun Life Banking & PSU Debt Fund
Point 1	Bottom quartile AUM (₹1,099 Cr).	Lower mid AUM (₹5,599 Cr).	Bottom quartile AUM (₹5,409 Cr).	Highest AUM (₹9,293 Cr).	Upper mid AUM (₹8,991 Cr).
Point 2	Established history (12+ yrs).	Established history (12+ yrs).	Oldest track record among peers (27 yrs).	Established history (16+ yrs).	Established history (17+ yrs).
Point 3	Top rated.	Rating: 5★ (upper mid).	Rating: 4★ (lower mid).	Rating: 4★ (bottom quartile).	Rating: 4★ (bottom quartile).
Point 4	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderately Low.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 6.51% (top quartile).	1Y return: 5.18% (bottom quartile).	1Y return: 5.81% (upper mid).	1Y return: 5.57% (lower mid).	1Y return: 5.19% (bottom quartile).
Point 6	1M return: 0.16% (top quartile).	1M return: -0.53% (bottom quartile).	1M return: -0.28% (upper mid).	1M return: -0.45% (bottom quartile).	1M return: -0.35% (lower mid).
Point 7	Sharpe: 1.24 (top quartile).	Sharpe: 0.66 (bottom quartile).	Sharpe: 0.85 (lower mid).	Sharpe: 0.96 (upper mid).	Sharpe: 0.56 (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): 6.87% (bottom quartile).	Yield to maturity (debt): 7.14% (lower mid).	Yield to maturity (debt): 7.17% (upper mid).	Yield to maturity (debt): 7.21% (top quartile).	Yield to maturity (debt): 7.13% (bottom quartile).
Point 10	Modified duration: 1.05 yrs (top quartile).	Modified duration: 3.10 yrs (upper mid).	Modified duration: 3.19 yrs (lower mid).	Modified duration: 3.31 yrs (bottom quartile).	Modified duration: 3.26 yrs (bottom quartile).

UTI Banking & PSU Debt Fund

Bottom quartile AUM (₹1,099 Cr).
Established history (12+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 6.51% (top quartile).
1M return: 0.16% (top quartile).
Sharpe: 1.24 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.87% (bottom quartile).
Modified duration: 1.05 yrs (top quartile).

HDFC Banking and PSU Debt Fund

Lower mid AUM (₹5,599 Cr).
Established history (12+ yrs).
Rating: 5★ (upper mid).
Risk profile: Moderately Low.
1Y return: 5.18% (bottom quartile).
1M return: -0.53% (bottom quartile).
Sharpe: 0.66 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.14% (lower mid).
Modified duration: 3.10 yrs (upper mid).

Kotak Banking and PSU Debt fund

Bottom quartile AUM (₹5,409 Cr).
Oldest track record among peers (27 yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately Low.
1Y return: 5.81% (upper mid).
1M return: -0.28% (upper mid).
Sharpe: 0.85 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.17% (upper mid).
Modified duration: 3.19 yrs (lower mid).

ICICI Prudential Banking and PSU Debt Fund

Highest AUM (₹9,293 Cr).
Established history (16+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
1Y return: 5.57% (lower mid).
1M return: -0.45% (bottom quartile).
Sharpe: 0.96 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.21% (top quartile).
Modified duration: 3.31 yrs (bottom quartile).

Aditya Birla Sun Life Banking & PSU Debt Fund

Upper mid AUM (₹8,991 Cr).
Established history (17+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
1Y return: 5.19% (bottom quartile).
1M return: -0.35% (lower mid).
Sharpe: 0.56 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.13% (bottom quartile).
Modified duration: 3.26 yrs (bottom quartile).

शीर्ष 5 क्रेडिट जोखीम म्युच्युअल फंड

शीर्षस्थानीउधारीची जोखीम एयूएम/निव्वळ मालमत्ता > 500 कोटी असलेले निधी.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
SBI Credit Risk Fund Growth	₹47.7069 ↑ 0.01	₹2,148	1.3	2.8	6.9	8	7.9	8.41%	1Y 8M 5D	2Y 1M 17D
HDFC Credit Risk Debt Fund Growth	₹25.0884 ↑ 0.00	₹6,891	0.9	2.5	6.8	7.4	8	8.31%	2Y 4M 2D	3Y 9M 7D
Kotak Credit Risk Fund Growth	₹30.8016 ↑ 0.01	₹711	0.7	2.3	7.5	7.4	9.1	8.11%	2Y 3M 7D	2Y 11M 5D
Nippon India Credit Risk Fund Growth	₹36.7512 ↑ 0.01	₹1,059	1.2	2.9	7.7	8.1	8.9	8.72%	1Y 11M 23D	2Y 4M 28D
ICICI Prudential Regular Savings Fund Growth	₹33.4541 ↑ 0.01	₹5,887	0.8	2.8	8	8.1	9.5	8.41%	2Y 3M 14D	3Y 7M 24D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI Credit Risk Fund	HDFC Credit Risk Debt Fund	Kotak Credit Risk Fund	Nippon India Credit Risk Fund	ICICI Prudential Regular Savings Fund
Point 1	Lower mid AUM (₹2,148 Cr).	Highest AUM (₹6,891 Cr).	Bottom quartile AUM (₹711 Cr).	Bottom quartile AUM (₹1,059 Cr).	Upper mid AUM (₹5,887 Cr).
Point 2	Oldest track record among peers (21 yrs).	Established history (12+ yrs).	Established history (15+ yrs).	Established history (20+ yrs).	Established history (15+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 3★ (lower mid).	Rating: 2★ (bottom quartile).	Rating: 1★ (bottom quartile).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 6.90% (bottom quartile).	1Y return: 6.80% (bottom quartile).	1Y return: 7.54% (lower mid).	1Y return: 7.75% (upper mid).	1Y return: 8.04% (top quartile).
Point 6	1M return: 0.17% (top quartile).	1M return: -0.23% (bottom quartile).	1M return: -0.59% (bottom quartile).	1M return: -0.09% (upper mid).	1M return: -0.21% (lower mid).
Point 7	Sharpe: 1.78 (bottom quartile).	Sharpe: 1.57 (bottom quartile).	Sharpe: 2.16 (lower mid).	Sharpe: 2.51 (upper mid).	Sharpe: 3.19 (top 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): 8.41% (upper mid).	Yield to maturity (debt): 8.31% (bottom quartile).	Yield to maturity (debt): 8.11% (bottom quartile).	Yield to maturity (debt): 8.72% (top quartile).	Yield to maturity (debt): 8.41% (lower mid).
Point 10	Modified duration: 1.68 yrs (top quartile).	Modified duration: 2.34 yrs (bottom quartile).	Modified duration: 2.27 yrs (lower mid).	Modified duration: 1.98 yrs (upper mid).	Modified duration: 2.29 yrs (bottom quartile).

SBI Credit Risk Fund

Lower mid AUM (₹2,148 Cr).
Oldest track record among peers (21 yrs).
Top rated.
Risk profile: Moderate.
1Y return: 6.90% (bottom quartile).
1M return: 0.17% (top quartile).
Sharpe: 1.78 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 8.41% (upper mid).
Modified duration: 1.68 yrs (top quartile).

HDFC Credit Risk Debt Fund

Highest AUM (₹6,891 Cr).
Established history (12+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 6.80% (bottom quartile).
1M return: -0.23% (bottom quartile).
Sharpe: 1.57 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 8.31% (bottom quartile).
Modified duration: 2.34 yrs (bottom quartile).

Kotak Credit Risk Fund

Bottom quartile AUM (₹711 Cr).
Established history (15+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 7.54% (lower mid).
1M return: -0.59% (bottom quartile).
Sharpe: 2.16 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 8.11% (bottom quartile).
Modified duration: 2.27 yrs (lower mid).

Nippon India Credit Risk Fund

Bottom quartile AUM (₹1,059 Cr).
Established history (20+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderate.
1Y return: 7.75% (upper mid).
1M return: -0.09% (upper mid).
Sharpe: 2.51 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 8.72% (top quartile).
Modified duration: 1.98 yrs (upper mid).

ICICI Prudential Regular Savings Fund

Upper mid AUM (₹5,887 Cr).
Established history (15+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 8.04% (top quartile).
1M return: -0.21% (lower mid).
Sharpe: 3.19 (top quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 8.41% (lower mid).
Modified duration: 2.29 yrs (bottom quartile).

शीर्ष 5 डायनॅमिक बाँड म्युच्युअल फंड

शीर्षस्थानीडायनॅमिक बाँड एयूएम/निव्वळ मालमत्ता > 500 कोटी असलेले निधी.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
SBI Dynamic Bond Fund Growth	₹36.4756 ↑ 0.01	₹4,064	0.8	1.6	3.8	6.8	5.5	7.02%	3Y 3M 11D	10Y 1M 2D
Axis Dynamic Bond Fund Growth	₹30.3159 ↑ 0.01	₹1,132	0.1	1.8	4.4	6.9	7.1	7.18%	5Y 4M 28D	9Y 4M 24D
Aditya Birla Sun Life Dynamic Bond Fund Growth	₹47.3928 ↑ 0.01	₹1,886	0.1	1.4	4.2	7	7	7.56%	4Y 3M 25D	7Y 8M 8D
HDFC Dynamic Debt Fund Growth	₹89.5297 ↑ 0.01	₹634	-0.8	0.1	1.3	5.8	4.7	7.05%	7Y 3M 14D	19Y 2M 8D
Bandhan Dynamic Bond Fund Growth	₹34.1545 ↑ 0.01	₹2,196	0.3	1.4	1.1	6	3.4	6.65%	1Y 1M 10D	2Y 2M 23D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI Dynamic Bond Fund	Axis Dynamic Bond Fund	Aditya Birla Sun Life Dynamic Bond Fund	HDFC Dynamic Debt Fund	Bandhan Dynamic Bond Fund
Point 1	Highest AUM (₹4,064 Cr).	Bottom quartile AUM (₹1,132 Cr).	Lower mid AUM (₹1,886 Cr).	Bottom quartile AUM (₹634 Cr).	Upper mid AUM (₹2,196 Cr).
Point 2	Established history (22+ yrs).	Established history (14+ yrs).	Established history (21+ yrs).	Oldest track record among peers (28 yrs).	Established history (17+ yrs).
Point 3	Top rated.	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 3.84% (lower mid).	1Y return: 4.36% (top quartile).	1Y return: 4.16% (upper mid).	1Y return: 1.30% (bottom quartile).	1Y return: 1.06% (bottom quartile).
Point 6	1M return: -0.16% (top quartile).	1M return: -0.79% (bottom quartile).	1M return: -0.63% (lower mid).	1M return: -1.67% (bottom quartile).	1M return: -0.31% (upper mid).
Point 7	Sharpe: 0.08 (lower mid).	Sharpe: 0.55 (top quartile).	Sharpe: 0.41 (upper mid).	Sharpe: -0.21 (bottom quartile).	Sharpe: -0.23 (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): 7.02% (bottom quartile).	Yield to maturity (debt): 7.18% (upper mid).	Yield to maturity (debt): 7.56% (top quartile).	Yield to maturity (debt): 7.05% (lower mid).	Yield to maturity (debt): 6.65% (bottom quartile).
Point 10	Modified duration: 3.28 yrs (upper mid).	Modified duration: 5.41 yrs (bottom quartile).	Modified duration: 4.32 yrs (lower mid).	Modified duration: 7.29 yrs (bottom quartile).	Modified duration: 1.11 yrs (top quartile).

SBI Dynamic Bond Fund

Highest AUM (₹4,064 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 3.84% (lower mid).
1M return: -0.16% (top quartile).
Sharpe: 0.08 (lower mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.02% (bottom quartile).
Modified duration: 3.28 yrs (upper mid).

Axis Dynamic Bond Fund

Bottom quartile AUM (₹1,132 Cr).
Established history (14+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 4.36% (top quartile).
1M return: -0.79% (bottom quartile).
Sharpe: 0.55 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.18% (upper mid).
Modified duration: 5.41 yrs (bottom quartile).

Aditya Birla Sun Life Dynamic Bond Fund

Lower mid AUM (₹1,886 Cr).
Established history (21+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 4.16% (upper mid).
1M return: -0.63% (lower mid).
Sharpe: 0.41 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.56% (top quartile).
Modified duration: 4.32 yrs (lower mid).

HDFC Dynamic Debt Fund

Bottom quartile AUM (₹634 Cr).
Oldest track record among peers (28 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 1.30% (bottom quartile).
1M return: -1.67% (bottom quartile).
Sharpe: -0.21 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.05% (lower mid).
Modified duration: 7.29 yrs (bottom quartile).

Bandhan Dynamic Bond Fund

Upper mid AUM (₹2,196 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 1.06% (bottom quartile).
1M return: -0.31% (upper mid).
Sharpe: -0.23 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.65% (bottom quartile).
Modified duration: 1.11 yrs (top quartile).

शीर्ष 5 कॉर्पोरेट बाँड म्युच्युअल फंड

शीर्षस्थानीकॉर्पोरेट बाँड एयूएम/निव्वळ मालमत्ता > 500 कोटी असलेले निधी.

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 Corporate Bond Fund Growth	₹115.795 ↑ 0.02	₹27,913	-0.2	1.3	4.7	7.1	7.4	7.21%	4Y 6M 25D	7Y 4D
HDFC Corporate Bond Fund Growth	₹33.3409 ↑ 0.01	₹33,200	-0.3	1.1	4.6	7	7.3	7.24%	4Y 4M 24D	7Y 6M
ICICI Prudential Corporate Bond Fund Growth	₹30.9376 ↑ 0.01	₹31,713	0.4	2.1	6	7.4	8	7.26%	3Y 5M 1D	6Y
Kotak Corporate Bond Fund Standard Growth	₹3,898.75 ↑ 0.72	₹17,275	0.3	1.8	5.7	7.2	7.8	7.29%	2Y 11M 26D	4Y 1M 28D
Nippon India Prime Debt Fund Growth	₹61.8842 ↑ 0.01	₹8,950	0.3	1.6	5.6	7.3	7.8	7.19%	2Y 9M 11D	3Y 5M 1D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Aditya Birla Sun Life Corporate Bond Fund	HDFC Corporate Bond Fund	ICICI Prudential Corporate Bond Fund	Kotak Corporate Bond Fund Standard	Nippon India Prime Debt Fund
Point 1	Lower mid AUM (₹27,913 Cr).	Highest AUM (₹33,200 Cr).	Upper mid AUM (₹31,713 Cr).	Bottom quartile AUM (₹17,275 Cr).	Bottom quartile AUM (₹8,950 Cr).
Point 2	Oldest track record among peers (29 yrs).	Established history (15+ yrs).	Established history (16+ yrs).	Established history (18+ yrs).	Established history (25+ yrs).
Point 3	Top rated.	Rating: 5★ (upper mid).	Rating: 4★ (lower mid).	Rating: 4★ (bottom quartile).	Rating: 4★ (bottom quartile).
Point 4	Risk profile: Moderately Low.	Risk profile: Moderately Low.	Risk profile: Moderately Low.	Risk profile: Moderately Low.	Risk profile: Moderately Low.
Point 5	1Y return: 4.67% (bottom quartile).	1Y return: 4.63% (bottom quartile).	1Y return: 6.01% (top quartile).	1Y return: 5.70% (upper mid).	1Y return: 5.55% (lower mid).
Point 6	1M return: -0.84% (bottom quartile).	1M return: -0.86% (bottom quartile).	1M return: -0.36% (top quartile).	1M return: -0.41% (upper mid).	1M return: -0.45% (lower mid).
Point 7	Sharpe: 0.51 (bottom quartile).	Sharpe: 0.52 (bottom quartile).	Sharpe: 1.26 (top quartile).	Sharpe: 0.87 (upper mid).	Sharpe: 0.79 (lower 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): 7.21% (bottom quartile).	Yield to maturity (debt): 7.24% (lower mid).	Yield to maturity (debt): 7.26% (upper mid).	Yield to maturity (debt): 7.29% (top quartile).	Yield to maturity (debt): 7.19% (bottom quartile).
Point 10	Modified duration: 4.57 yrs (bottom quartile).	Modified duration: 4.40 yrs (bottom quartile).	Modified duration: 3.42 yrs (lower mid).	Modified duration: 2.99 yrs (upper mid).	Modified duration: 2.78 yrs (top quartile).

Aditya Birla Sun Life Corporate Bond Fund

Lower mid AUM (₹27,913 Cr).
Oldest track record among peers (29 yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 4.67% (bottom quartile).
1M return: -0.84% (bottom quartile).
Sharpe: 0.51 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.21% (bottom quartile).
Modified duration: 4.57 yrs (bottom quartile).

HDFC Corporate Bond Fund

Highest AUM (₹33,200 Cr).
Established history (15+ yrs).
Rating: 5★ (upper mid).
Risk profile: Moderately Low.
1Y return: 4.63% (bottom quartile).
1M return: -0.86% (bottom quartile).
Sharpe: 0.52 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.24% (lower mid).
Modified duration: 4.40 yrs (bottom quartile).

ICICI Prudential Corporate Bond Fund

Upper mid AUM (₹31,713 Cr).
Established history (16+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately Low.
1Y return: 6.01% (top quartile).
1M return: -0.36% (top quartile).
Sharpe: 1.26 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.26% (upper mid).
Modified duration: 3.42 yrs (lower mid).

Kotak Corporate Bond Fund Standard

Bottom quartile AUM (₹17,275 Cr).
Established history (18+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 5.70% (upper mid).
1M return: -0.41% (upper mid).
Sharpe: 0.87 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.29% (top quartile).
Modified duration: 2.99 yrs (upper mid).

Nippon India Prime Debt Fund

Bottom quartile AUM (₹8,950 Cr).
Established history (25+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 5.55% (lower mid).
1M return: -0.45% (lower mid).
Sharpe: 0.79 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.19% (bottom quartile).
Modified duration: 2.78 yrs (top quartile).

शीर्ष 5 गिल्ट म्युच्युअल फंड

शीर्षस्थानीलागू आहे एयूएम/निव्वळ मालमत्ता > 500 कोटी असलेले निधी.

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	₹64.177 ↑ 0.01	₹1,773	-1	0.3	2.8	6.8	6.7	6.81%	6Y 10M 24D	9Y 9M 4D
UTI Gilt Fund Growth	₹63.7275 ↑ 0.01	₹528	0.4	1.7	2.7	6.4	5.1	6.71%	6Y 8M 23D	15Y 2M 16D
ICICI Prudential Gilt Fund Growth	₹103.471 ↑ 0.02	₹9,216	-1.2	-0.1	2.6	6.6	6.8	7.39%	8Y 11M 26D	20Y 8M 19D
SBI Magnum Gilt Fund Growth	₹66.1654 ↑ 0.01	₹9,992	-0.4	0.3	1.3	6.3	4.5	6.6%	5Y 2M 5D	13Y 9M 25D
Nippon India Gilt Securities Fund Growth	₹37.45 ↑ 0.01	₹1,857	-1.6	-0.9	-0.7	5.3	3.7	7.21%	8Y 9M 14D	19Y 7M 13D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI Magnum Constant Maturity Fund	UTI Gilt Fund	ICICI Prudential Gilt Fund	SBI Magnum Gilt Fund	Nippon India Gilt Securities Fund
Point 1	Bottom quartile AUM (₹1,773 Cr).	Bottom quartile AUM (₹528 Cr).	Upper mid AUM (₹9,216 Cr).	Highest AUM (₹9,992 Cr).	Lower mid AUM (₹1,857 Cr).
Point 2	Established history (25+ yrs).	Established history (24+ yrs).	Oldest track record among peers (26 yrs).	Established history (25+ yrs).	Established history (17+ 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: Moderately Low.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 2.76% (top quartile).	1Y return: 2.67% (upper mid).	1Y return: 2.65% (lower mid).	1Y return: 1.28% (bottom quartile).	1Y return: -0.72% (bottom quartile).
Point 6	1M return: -1.89% (lower mid).	1M return: -0.96% (top quartile).	1M return: -2.09% (bottom quartile).	1M return: -1.19% (upper mid).	1M return: -2.10% (bottom quartile).
Point 7	Sharpe: 0.24 (upper mid).	Sharpe: 0.07 (lower mid).	Sharpe: 0.31 (top quartile).	Sharpe: -0.15 (bottom quartile).	Sharpe: -0.38 (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): 6.81% (lower mid).	Yield to maturity (debt): 6.71% (bottom quartile).	Yield to maturity (debt): 7.39% (top quartile).	Yield to maturity (debt): 6.60% (bottom quartile).	Yield to maturity (debt): 7.21% (upper mid).
Point 10	Modified duration: 6.90 yrs (lower mid).	Modified duration: 6.73 yrs (upper mid).	Modified duration: 8.99 yrs (bottom quartile).	Modified duration: 5.18 yrs (top quartile).	Modified duration: 8.79 yrs (bottom quartile).

SBI Magnum Constant Maturity Fund

Bottom quartile AUM (₹1,773 Cr).
Established history (25+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 2.76% (top quartile).
1M return: -1.89% (lower mid).
Sharpe: 0.24 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.81% (lower mid).
Modified duration: 6.90 yrs (lower mid).

UTI Gilt Fund

Bottom quartile AUM (₹528 Cr).
Established history (24+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 2.67% (upper mid).
1M return: -0.96% (top quartile).
Sharpe: 0.07 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.71% (bottom quartile).
Modified duration: 6.73 yrs (upper mid).

ICICI Prudential Gilt Fund

Upper mid AUM (₹9,216 Cr).
Oldest track record among peers (26 yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
1Y return: 2.65% (lower mid).
1M return: -2.09% (bottom quartile).
Sharpe: 0.31 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.39% (top quartile).
Modified duration: 8.99 yrs (bottom quartile).

SBI Magnum Gilt Fund

Highest AUM (₹9,992 Cr).
Established history (25+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
1Y return: 1.28% (bottom quartile).
1M return: -1.19% (upper mid).
Sharpe: -0.15 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.60% (bottom quartile).
Modified duration: 5.18 yrs (top quartile).

Nippon India Gilt Securities Fund

Lower mid AUM (₹1,857 Cr).
Established history (17+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
1Y return: -0.72% (bottom quartile).
1M return: -2.10% (bottom quartile).
Sharpe: -0.38 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.21% (upper mid).
Modified duration: 8.79 yrs (bottom quartile).

1. PGIM India Credit Risk Fund

(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

Bottom quartile AUM (₹39 Cr).
Established history (11+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 8.43% (top quartile).
1M return: 0.27% (lower mid).
Sharpe: 1.73 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 5.01% (bottom quartile).
Modified duration: 0.54 yrs (upper mid).
Average maturity: 0.59 yrs (upper mid).
Exit load: 0-1 Years (1%),1 Years and above(NIL).

Below is the key information for 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

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000

PGIM India Credit Risk Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹194,235.
Net Profit of ₹14,235 Invest Now

Returns for PGIM India Credit Risk Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 22

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

2. Axis Credit Risk Fund

(Erstwhile Axis Fixed Income Opportunities Fund)

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

Research Highlights for Axis Credit Risk Fund

Bottom quartile AUM (₹367 Cr).
Established history (11+ yrs).
Rating: 5★ (upper mid).
Risk profile: Moderate.
1Y return: 7.60% (upper mid).
1M return: -0.18% (bottom quartile).
Sharpe: 2.62 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 8.35% (top quartile).
Modified duration: 2.95 yrs (bottom quartile).
Average maturity: 4.32 yrs (bottom quartile).
Exit load: 0-12 Months (1%),12 Months and above(NIL).
Top sector: Industrials.
Higher exposure to Corporate (bond sector) vs peer median.
Debt-heavy allocation (~91%).
High-quality debt (AAA/AA ~81%).
Largest holding Bihar (Government of) 7.72% (~5.5%).

Below is the key information for Axis Credit Risk Fund

Axis Credit Risk Fund Growth
Launch Date	15 Jul 14
NAV (31 Mar 26)	₹22.4886 ↑ 0.00 (0.02 %)
Net Assets (Cr)	₹367 on 28 Feb 26
Category	Debt - Credit Risk
AMC	Axis Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	Moderate
Expense Ratio	1.57
Sharpe Ratio	2.62
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-12 Months (1%),12 Months and above(NIL)
Yield to Maturity	8.35%
Effective Maturity	4 Years 3 Months 25 Days
Modified Duration	2 Years 11 Months 12 Days

Growth of 10,000 investment over the years.

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

Axis Credit Risk Fund SIP Returns

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

Returns for Axis Credit Risk Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 22

Duration	Returns
1 Month	-0.2%
3 Month	1%
6 Month	2.9%
1 Year	7.6%
3 Year	7.7%
5 Year	6.7%
10 Year
15 Year
Since launch	7.2%

Historical performance (Yearly) on absolute basis

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

Fund Manager information for Axis Credit Risk Fund

Name	Since	Tenure
Devang Shah	15 Jul 14	11.63 Yr.
Akhil Thakker	9 Nov 21	4.31 Yr.

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

Asset Allocation

Asset Class	Value
Cash	2.8%
Equity	5.37%
Debt	91.33%
Other	0.49%

Debt Sector Allocation

Sector	Value
Corporate	76.48%
Government	14.85%
Cash Equivalent	2.8%

Credit Quality

Rating	Value
A	19.02%
AA	61.51%
AAA	19.47%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Bihar (Government of) 7.72% - \| -	6%	₹20 Cr	2,000,000 ↑ 2,000,000
Jubilant Bevco Limited Debentures \| -	4%	₹16 Cr	1,500
Jtpm Metal TRaders 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
Altius Telecom Infrastructure Trust 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
7.24% Gs 2055 Sovereign Bonds \| -	4%	₹15 Cr	1,500,000 ↑ 1,500,000
Vedanta Limited Debentures \| -	3%	₹12 Cr	1,200

3. Aditya Birla Sun Life Savings Fund

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

Upper mid AUM (₹21,467 Cr).
Oldest track record among peers (22 yrs).
Rating: 5★ (lower mid).
Risk profile: Moderately Low.
1Y return: 6.76% (lower mid).
1M return: 0.44% (top quartile).
Sharpe: 2.39 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.14% (upper mid).
Modified duration: 0.48 yrs (top quartile).
Average maturity: 0.55 yrs (top quartile).
Exit load: NIL.
Top sector: Financial Services.
Top bond sector: Corporate.
Conservative stance with elevated cash (~43%).
High-quality debt (AAA/AA ~100%).
Largest holding Aditya BSL Money Mgr Dir Gr (~5.1%).

Below is the key information for Aditya Birla Sun Life Savings Fund

Aditya Birla Sun Life Savings Fund Growth
Launch Date	16 Apr 03
NAV (31 Mar 26)	₹573.63 ↑ 0.12 (0.02 %)
Net Assets (Cr)	₹21,467 on 28 Feb 26
Category	Debt - Ultrashort Bond
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆☆
Risk	Moderately Low
Expense Ratio	0.55
Sharpe Ratio	2.39
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	7.14%
Effective Maturity	6 Months 18 Days
Modified Duration	5 Months 23 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,417
31 Mar 23	₹10,981
31 Mar 24	₹11,796
31 Mar 25	₹12,712

Aditya Birla Sun Life Savings 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 Aditya Birla Sun Life Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 22

Duration	Returns
1 Month	0.4%
3 Month	1.3%
6 Month	2.9%
1 Year	6.8%
3 Year	7.3%
5 Year	6.3%
10 Year
15 Year
Since launch	7.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.4%
2023	7.9%
2022	7.2%
2021	4.8%
2020	3.9%
2019	7%
2018	8.5%
2017	7.6%
2016	7.2%
2015	9.2%

Fund Manager information for Aditya Birla Sun Life Savings Fund

Name	Since	Tenure
Sunaina Cunha	20 Jun 14	11.7 Yr.
Kaustubh Gupta	15 Jul 11	14.64 Yr.
Monika Gandhi	22 Mar 21	4.94 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	42.74%
Debt	56.94%
Other	0.32%

Debt Sector Allocation

Sector	Value
Corporate	57.02%
Cash Equivalent	26.95%
Government	15.71%

Credit Quality

Rating	Value
AA	30.53%
AAA	69.47%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Aditya BSL Money Mgr Dir Gr Investment Fund \| -	5%	₹1,101 Cr	28,181,297 ↑ 28,181,297
Shriram Finance Limited Debentures \| -	3%	₹612 Cr	60,000
National Bank For Agriculture And Rural Development Debentures \| -	3%	₹545 Cr	54,000
Bharti Telecom Limited Debentures \| -	2%	₹399 Cr	40,000
Muthoot Finance Limited Debentures \| -	2%	₹351 Cr	35,000
Mankind Pharma Limited Debentures \| -	1%	₹321 Cr	32,000
National Bank For Agriculture And Rural Development Debentures \| -	1%	₹303 Cr	30,000
Avanse Financial Services Limited Debentures \| -	1%	₹300 Cr	30,000
Power Finance Corporation Limited Debentures \| -	1%	₹297 Cr	30,000
Piramal Finance Limited Debentures \| -	1%	₹286 Cr	28,500 ↑ 3,500

4. Aditya Birla Sun Life Money Manager Fund

(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

Highest AUM (₹30,778 Cr).
Established history (20+ yrs).
Rating: 5★ (bottom quartile).
Risk profile: Low.
1Y return: 6.52% (bottom quartile).
1M return: 0.36% (upper mid).
Sharpe: 2.09 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.02% (lower mid).
Modified duration: 0.63 yrs (lower mid).
Average maturity: 0.64 yrs (lower mid).
Exit load: NIL.
Higher exposure to Financial Services vs peer median.
Top bond sector: Corporate.
Conservative stance with elevated cash (~58%).
High-quality debt (AAA/AA ~100%).
Largest holding Indusind Bank Ltd. (~4.6%).

Below is the key information for Aditya Birla Sun Life Money Manager Fund

Aditya Birla Sun Life Money Manager Fund Growth
Launch Date	13 Oct 05
NAV (31 Mar 26)	₹386.727 ↑ 0.07 (0.02 %)
Net Assets (Cr)	₹30,778 on 28 Feb 26
Category	Debt - Money Market
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.35
Sharpe Ratio	2.09
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	7.02%
Effective Maturity	7 Months 20 Days
Modified Duration	7 Months 17 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,397
31 Mar 23	₹10,985
31 Mar 24	₹11,825
31 Mar 25	₹12,741

Aditya Birla Sun Life Money Manager 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 Aditya Birla Sun Life Money Manager Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 22

Duration	Returns
1 Month	0.4%
3 Month	1.2%
6 Month	2.7%
1 Year	6.5%
3 Year	7.3%
5 Year	6.3%
10 Year
15 Year
Since launch	6.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.4%
2023	7.8%
2022	7.4%
2021	4.8%
2020	3.8%
2019	6.6%
2018	8%
2017	7.9%
2016	6.8%
2015	7.7%

Fund Manager information for Aditya Birla Sun Life Money Manager Fund

Name	Since	Tenure
Kaustubh Gupta	15 Jul 11	14.64 Yr.
Anuj Jain	22 Mar 21	4.94 Yr.
Mohit Sharma	1 Apr 17	8.92 Yr.

Data below for Aditya Birla Sun Life Money Manager Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	58.14%
Debt	41.6%
Other	0.26%

Debt Sector Allocation

Sector	Value
Corporate	50.61%
Cash Equivalent	36.34%
Government	12.79%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Indusind Bank Ltd. Debentures \| -	5%	₹1,405 Cr	30,000
Axis Bank Ltd. Debentures \| -	3%	₹947 Cr	20,000 ↑ 10,000
Federal Bank Ltd. Debentures \| -	3%	₹937 Cr	20,000 ↑ 20,000
National Bank for Agriculture and Rural Development Domestic Bonds \| -	2%	₹562 Cr	12,000 ↑ 12,000
5.63% Gs 2026 Sovereign Bonds \| -	2%	₹470 Cr	47,000,000
Federal Bank Ltd. Debentures \| -	2%	₹470 Cr	10,000 ↑ 10,000
Punjab National Bank Domestic Bonds \| -	2%	₹469 Cr	10,000
HDFC Bank Ltd. Debentures \| -	2%	₹468 Cr	10,000 ↑ 10,000
Karur Vysya Bank Ltd. Debentures \| -	2%	₹467 Cr	10,000 ↑ 10,000
02/10/2026 Maturing 364 DTB Sovereign Bonds \| -	1%	₹388 Cr	40,000,000

5. UTI Banking & PSU Debt Fund

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

Lower mid AUM (₹1,099 Cr).
Established history (12+ yrs).
Rating: 5★ (bottom quartile).
Risk profile: Moderate.
1Y return: 6.51% (bottom quartile).
1M return: 0.16% (bottom quartile).
Sharpe: 1.24 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.87% (bottom quartile).
Modified duration: 1.05 yrs (bottom quartile).
Average maturity: 1.14 yrs (bottom quartile).
Exit load: NIL.
Top bond sector: Corporate.
Debt-heavy allocation (~74%).
High-quality debt (AAA/AA ~100%).
Largest holding Kotak Mahindra Bank Ltd. (~6.5%).

Below is the key information for UTI Banking & PSU Debt Fund

UTI Banking & PSU Debt Fund Growth
Launch Date	3 Feb 14
NAV (31 Mar 26)	₹22.8155 ↑ 0.00 (0.02 %)
Net Assets (Cr)	₹1,099 on 28 Feb 26
Category	Debt - Banking & PSU Debt
AMC	UTI Asset Management Company Ltd
Rating	☆☆☆☆☆
Risk	Moderate
Expense Ratio	0.54
Sharpe Ratio	1.24
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.87%
Effective Maturity	1 Year 1 Month 20 Days
Modified Duration	1 Year 18 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,357
31 Mar 23	₹11,500
31 Mar 24	₹12,313
31 Mar 25	₹13,272

UTI Banking & PSU Debt Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125 Invest Now

Returns for UTI Banking & PSU 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 21 Jan 22

Duration	Returns
1 Month	0.2%
3 Month	0.9%
6 Month	2.3%
1 Year	6.5%
3 Year	7.1%
5 Year	7.2%
10 Year
15 Year
Since launch	7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.8%
2023	7.6%
2022	6.7%
2021	10.3%
2020	2.8%
2019	8.9%
2018	-1%
2017	6.8%
2016	6.4%
2015	11.7%

Fund Manager information for UTI Banking & PSU Debt Fund

Name	Since	Tenure
Anurag Mittal	1 Dec 21	4.25 Yr.

Data below for UTI Banking & PSU Debt Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	25.29%
Debt	74.44%
Other	0.27%

Debt Sector Allocation

Sector	Value
Corporate	62.4%
Government	27.89%
Cash Equivalent	9.44%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Kotak Mahindra Bank Ltd. Debentures \| -	6%	₹71 Cr	750,000,000
National Housing Bank Debentures \| -	6%	₹61 Cr	6,000
Axis Bank Limited Debentures \| -	5%	₹55 Cr	550
7.38% Gs 2027 Sovereign Bonds \| -	5%	₹51 Cr	500,000,000
Export Import Bank Of India Debentures \| -	5%	₹51 Cr	5,000
Small Industries Development Bank Of India Debentures \| -	5%	₹50 Cr	5,000
Power Finance Corporation Limited Debentures \| -	4%	₹40 Cr	400
National Bank For Agriculture And Rural Development Debentures \| -	4%	₹40 Cr	4,000
HDFC Bank Limited Debentures \| -	3%	₹35 Cr	350
Indian Railway Finance Corporation Limited Debentures \| -	3%	₹30 Cr	300

सर्वोत्तम डेट म्युच्युअल फंडाचे मूल्यांकन कसे करावे

तुम्‍हाला गुंतवण्‍यासाठी इच्‍छित असलेले सर्वोत्‍तम डेट फंड निवडण्‍यासाठी, काही महत्‍त्‍वाच्‍या मापदंडांचा विचार करण्‍याची आवश्‍यकता आहे जसे की सरासरी मॅच्युरिटी, क्रेडिट क्वॉलिटी, एयूएम, एक्‍पेन्‍स रेशो, टॅक्स इम्‍लिप्‍शन इ. -

1. सरासरी परिपक्वता/कालावधी

डेट फंड्समध्ये सरासरी मॅच्युरिटी हा एक आवश्यक पॅरामीटर आहे ज्याकडे गुंतवणूकदारांकडून दुर्लक्ष केले जाते, जे गुंतवणुकीच्या जोखमींचा विचार न करता दीर्घ कालावधीसाठी गुंतवणूक करतात. गुंतवणूकदारांनी त्यांची डेट फंड गुंतवणूक त्याच्या मॅच्युरिटी कालावधीच्या आधारे ठरवणे आवश्यक आहे, डेट फंडाच्या मॅच्युरिटी कालावधीशी गुंतवणुकीचा कालावधी जुळणे हा तुम्‍ही अनावश्यक जोखीम पत्करणार नाही याची खात्री करण्याचा एक चांगला मार्ग आहे. अशाप्रकारे, डेट फंडामध्ये इष्टतम जोखीम परतावा मिळविण्यासाठी, गुंतवणूक करण्यापूर्वी, डेट फंडाची सरासरी परिपक्वता जाणून घेणे उचित आहे. सरासरी मॅच्युरिटी (कालावधी हा एक समान घटक आहे) पाहणे महत्त्वाचे आहे, उदाहरणार्थ, लिक्विड फंडाची सरासरी मॅच्युरिटी काही दिवसांपासून कदाचित एक महिन्याची असू शकते, याचा अर्थ असा होईल की गुंतवणूकदारांसाठी हा एक उत्तम पर्याय आहे. काही दिवस पैसे गुंतवायचे. त्याचप्रमाणे, जर तुम्ही एक वर्षाची कालमर्यादा पहात असालगुंतवणूक योजना मग, अल्पकालीन कर्ज निधी आदर्श असू शकतो.

2. व्याजदर परिस्थिती

व्याजदर आणि त्यातील चढ-उतार यामुळे प्रभावित होणाऱ्या डेट फंडांमध्ये बाजारातील वातावरण समजून घेणे खूप महत्त्वाचे आहे. जेव्हा अर्थव्यवस्थेत व्याजदर वाढतो तेव्हा रोख्यांची किंमत कमी होते आणि उलट. तसेच, ज्या काळात व्याजदर वाढतात त्या काळात, जुन्या रोख्यांपेक्षा जास्त उत्पन्न असलेले नवीन रोखे बाजारात जारी केले जातात, ज्यामुळे ते जुने रोखे कमी मूल्याचे बनतात. त्यामुळे, बाजारातील नवीन बाँड्सकडे गुंतवणूकदार अधिक आकर्षित होतात आणि जुन्या बाँड्सची पुनर्मूल्यांकन देखील होते. जर एखाद्या डेट फंडाला अशा "जुन्या बाँड्स" चे एक्सपोजर येत असेल तर जेव्हा व्याजदर वाढतात,नाही कर्ज निधीवर नकारात्मक परिणाम होईल. शिवाय, डेट फंड व्याजदरातील चढउतारांना सामोरे जात असल्याने, ते फंड पोर्टफोलिओमधील अंतर्निहित रोख्यांच्या किमतींना त्रास देतात. उदाहरणार्थ, वाढत्या व्याजदराच्या काळात दीर्घकालीन कर्ज निधीला जास्त धोका असतो. या काळात अल्प-मुदतीची गुंतवणूक योजना बनवल्याने तुमच्या व्याजदरातील जोखीम कमी होईल.

जर एखाद्याला व्याजदरांचे चांगले ज्ञान असेल आणि त्याला त्याचे निरीक्षण करता आले तर त्याचा फायदाही घेता येईल. घसरलेल्या व्याजदराच्या बाजारात, दीर्घकालीन कर्ज निधी हा एक चांगला पर्याय असेल. तथापि, वाढत्या व्याजदराच्या काळात अल्प मुदतीच्या फंडांसारख्या कमी सरासरी परिपक्वता असलेल्या फंडांमध्ये असणे शहाणपणाचे ठरेल.अल्ट्रा शॉर्ट टर्म फंड किंवा लिक्विड फंड देखील.

3. वर्तमान उत्पन्न किंवा पोर्टफोलिओ उत्पन्न

उत्पन्न हे पोर्टफोलिओमधील बाँड्सद्वारे व्युत्पन्न केलेल्या व्याज उत्पन्नाचे मोजमाप आहे. कर्ज किंवा रोख्यांमध्ये गुंतवणूक करणारे फंड ज्यांचे प्रमाण जास्त आहेकूपन दर (किंवा उत्पन्न) एकूण पोर्टफोलिओ उत्पन्न जास्त असेल. परिपक्वतेपर्यंत उत्पन्न (ytmडेट म्युच्युअल फंडाचे ) फंडाचे चालू उत्पन्न दर्शवते. YTM च्या आधारे कर्ज निधीची तुलना करताना, एखाद्याने हे तथ्य देखील पाहिले पाहिजे की अतिरिक्त उत्पन्न कसे निर्माण केले जात आहे. हे कमी पोर्टफोलिओ गुणवत्तेच्या किंमतीवर आहे का? चांगल्या दर्जाच्या नसलेल्या साधनांमध्ये गुंतवणूक करण्याचे स्वतःचे प्रश्न आहेत. तुम्ही डेट फंडात गुंतवणूक करू इच्छित नाही ज्यामध्ये असे रोखे किंवा रोखे असतीलडीफॉल्ट नंतर. म्हणून, नेहमी पोर्टफोलिओ उत्पन्न पहा आणि क्रेडिट गुणवत्तेसह ते संतुलित करा.

4. पोर्टफोलिओची क्रेडिट गुणवत्ता

सर्वोत्तम डेट फंडांमध्ये गुंतवणूक करण्यासाठी, बॉण्ड्स आणि डेट सिक्युरिटीजची क्रेडिट गुणवत्ता तपासणे हे एक आवश्यक पॅरामीटर आहे. रोखे परत देण्याच्या क्षमतेवर आधारित विविध एजन्सीद्वारे क्रेडिट रेटिंग नियुक्त केले जातात. AAA रेटिंग असलेले बाँड हे सर्वोत्तम क्रेडिट रेटिंग मानले जाते आणि ते सुरक्षित आणि सुरक्षित गुंतवणूक देखील सूचित करते. जर एखाद्याला खरोखरच सुरक्षितता हवी असेल आणि सर्वोत्तम डेट फंड निवडण्यासाठी हे सर्वोत्कृष्ट मापदंड मानत असेल, तर अत्यंत उच्च-गुणवत्तेची कर्ज साधने (AAA किंवा AA+) असलेल्या फंडात प्रवेश करणे हा इच्छित पर्याय असू शकतो.

5. व्यवस्थापन अंतर्गत मालमत्ता (AUM)

सर्वोत्कृष्ट कर्ज निधी निवडताना विचारात घेण्याचे हे सर्वात महत्त्वाचे पॅरामीटर आहे. AUM ही सर्व गुंतवणूकदारांनी विशिष्ट योजनेत गुंतवलेली एकूण रक्कम असते. पासून, बहुतेकम्युच्युअल फंडएकूण AUM डेट फंडांमध्ये गुंतवले जाते, गुंतवणूकदारांनी योजना मालमत्ता निवडणे आवश्यक आहे ज्यात लक्षणीय AUM आहे. कॉर्पोरेट्समध्ये मोठ्या प्रमाणावर एक्सपोजर असलेल्या फंडात असणे धोकादायक असू शकते, कारण त्यांचे पैसे काढणे मोठे असू शकते ज्यामुळे एकूण फंडाच्या कामगिरीवर परिणाम होऊ शकतो.

6. खर्चाचे प्रमाण

डेट फंडांमध्ये विचारात घेतलेला महत्त्वाचा घटक म्हणजे त्याचे खर्चाचे प्रमाण. उच्च खर्चाचे प्रमाण फंडाच्या कामगिरीवर मोठा प्रभाव निर्माण करते. उदाहरणार्थ, लिक्विड फंडांमध्ये सर्वात कमी खर्चाचे प्रमाण असते जे 50 bps पर्यंत असते (BPS हे व्याजदर मोजण्याचे एकक असते ज्यामध्ये एक bps 1% च्या 1/100 व्या बरोबर असते) तर इतर डेट फंड 150 bps पर्यंत आकारू शकतात. त्यामुळे एका डेट म्युच्युअल फंडामधून निवड करण्यासाठी, व्यवस्थापन शुल्क किंवा फंड चालविण्याचा खर्च विचारात घेणे महत्त्वाचे आहे.

7. कर आकारणी प्रभाव

डेट फंड इंडेक्सेशन लाभांसह दीर्घकालीन भांडवली नफ्याचा (3 वर्षांपेक्षा जास्त) लाभ देतात. आणि अल्पकालीन भांडवली नफ्यावर (3 वर्षांपेक्षा कमी) 30% कर आकारला जातो.

गुंतवणूकदार म्हणून विचारात घेण्यासारख्या गोष्टी

1. निधीची उद्दिष्टे

विविध प्रकारच्या सिक्युरिटीजचा वैविध्यपूर्ण पोर्टफोलिओ राखून इष्टतम परतावा मिळविण्याचे डेट फंडाचे उद्दिष्ट आहे. तुम्ही त्यांच्याकडून अंदाजानुसार कामगिरी करण्याची अपेक्षा करू शकता. या कारणास्तव, डेट फंड पुराणमतवादी गुंतवणूकदारांमध्ये लोकप्रिय आहेत.

2. निधीचे प्रकार

डेट फंड पुढे विविध श्रेणींमध्ये विभागले गेले आहेत जसे की लिक्विड फंड,मासिक उत्पन्न योजना (एमआयपी), निश्चित परिपक्वता योजना (एफएमपी),डायनॅमिक बाँड फंड, इन्कम फंड, क्रेडिट संधी फंड, GILT फंड, शॉर्ट टर्म फंड आणि अल्ट्रा शॉर्ट टर्म फंड.

3. जोखीम

डेट फंड मुळात व्याजदर जोखीम, क्रेडिट जोखीम आणितरलता धोका एकूण व्याजदराच्या हालचालींमुळे निधी मूल्यात चढ-उतार होऊ शकतात. जारीकर्त्याद्वारे व्याज आणि मुद्दल भरण्यात डिफॉल्ट होण्याचा धोका आहे. जेव्हा निधी व्यवस्थापक मागणीच्या अभावामुळे अंतर्निहित सुरक्षा विकू शकत नाही तेव्हा तरलतेचा धोका उद्भवतो.

4. खर्च

डेट फंड तुमचे पैसे व्यवस्थापित करण्यासाठी खर्चाचे प्रमाण आकारतात. आता पर्यंतसेबी खर्च गुणोत्तराची वरची मर्यादा 2.25% असणे अनिवार्य केले आहे (नियमानुसार वेळोवेळी बदलू शकते.).

5. गुंतवणूक होरायझन

लिक्विड फंडांसाठी 3 महिने ते 1 वर्षाची गुंतवणूक योग्य असेल. जर तुमच्याकडे 2 ते 3 वर्षांचा क्षितिज जास्त असेल, तर तुम्ही शॉर्ट टर्म बाँड फंडांसाठी जाऊ शकता.

6. आर्थिक उद्दिष्टे

अतिरिक्त उत्पन्न मिळवणे किंवा तरलतेच्या उद्देशाने विविध उद्दिष्टे साध्य करण्यासाठी डेट फंडाचा वापर केला जाऊ शकतो.

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