ایف ڈی بمقابلہ ڈیبٹ میوچل فنڈ

Updated on November 27, 2025 , 8182 views

ایف ڈی بمقابلہقرض فنڈ? سوچناکہاں سرمایہ کاری کرنا ہے اچھا منافع کمانے کے لیے آپ کی بچت۔ عام طور پر لوگ غور کرتے ہیں۔سرمایہ کاری فکسڈ ڈپازٹ یا FD میں سب سے آسان آپشن ہے کیونکہ یہ محفوظ ہے اور فکسڈ ریٹرن پیش کرتا ہے۔ لیکن کیا یہ بہترین طریقہ ہے؟ اگرچہ فکسڈ ڈپازٹ سب کے لیے سرمایہ کاری کا ایک آسان آپشن ہے، تاہم، قابل ٹیکس ہونے والے فکسڈ ڈپازٹ کے منافع ڈیبٹ فنڈ کے مقابلے بہت کم ہیں۔ مزید برآں، جب طویل مدت کے لیے منعقد کیا جاتا ہے، قرضباہمی چندہ اچھا منافع پیش کرتے ہیں. ڈیٹ میوچل فنڈز یا فکسڈ ڈپازٹ میں سرمایہ کاری کرنے کا حتمی فیصلہ کرنے سے پہلے، ان سرمایہ کاری کے تفصیلی موازنہ کو دیکھیں۔

خلاصہ:

ڈیبٹ میوچل فنڈز (ڈیبٹ فنڈ) بمقابلہ فکسڈ ڈپازٹس (ایف ڈی)

ہمیں خطرہ مول لینے کی صلاحیت اور اس کے انعقاد کی مطلوبہ مدت کے ذریعے اسے توڑنا ہوگا۔سرمایہ کار سوال میں.

مختصر انعقاد کی مدت (1 سال یا اس سے کم)

یہاں قرض فنڈ کے اختیارات محدود ہوں گے۔مائع فنڈزالٹرامختصر مدت کے فنڈز اور مختصر مدتآمدنی فنڈز اگرچہ ریٹرن یا پیداوار عام طور پر مائع سے الٹرا شارٹ سے شارٹ ٹرم فنڈ تک زیادہ ہوتی ہے، لیکن ان ڈیٹ فنڈز اور فکسڈ ڈپازٹ کے درمیان پیداوار کے فرق کا تعین ان کے پچھلے ایک سال کے ریٹرن کو دیکھتے ہوئے کیا جا سکتا ہے۔

ڈیبٹ میوچل فنڈ (زمرہ اوسط واپسی)

قرض میوچل فنڈ کی قسم	گزشتہ 1 سال واپسی (%)
مائع فنڈ	7.36
الٹرا شارٹ ٹرم ڈیبٹ فنڈز	9.18
قلیل مدتی قرض فنڈز	9.78
ڈائنامک ڈیبٹ فنڈز	13.89
طویل مدتی قرض فنڈز	13.19
گلٹ قلیل مدتی فنڈز	11.76
گلٹ طویل مدتی فنڈز	15.06
20 فروری 2017 تک کا ڈیٹا

فکسڈ ڈپازٹ یا ایف ڈی کی اوسط واپسی کی شرح

فکسڈ ڈپازٹس کی اوسط واپسی کی شرح 8-8.5% p.a کے درمیان ہے۔ سال 2016 میں (تاکہ کوئی بھی ٹیبل میں مذکورہ بالا منافع کا موازنہ کر سکے)۔ تاہم، پچھلے ایک سال میں، واپسی کی شرح 6.6-7.5% p.a تک گر گئی ہے۔

مندرجہ بالا مثال کے ساتھ، یہ واضح ہے کہ ڈیبٹ فنڈز کی واپسی کی اوسط شرح فکسڈ ڈپازٹس سے بہتر ہے۔

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طویل مدتی انعقاد کی مدت

طویل مدتی انعقاد کے ساتھ، قرض فنڈز FDs سے بہتر ثابت ہو سکتے ہیں۔

یہاں سرمایہ کاری کے اختیارات یہ ہوں گے:

طویل مدتی آمدنی کے فنڈز
طویل مدتی گلٹ،
کارپوریٹبانڈ فنڈز (زیادہ پیداوار کے فنڈز)، اوپر بیان کردہ مائع کے اختیارات کے علاوہ، الٹرا شارٹ اور شارٹ ٹرم فنڈز بھی استعمال کیے جا سکتے ہیں۔

یہ دیکھتے ہوئے کہ انعقاد کی مدت 3 سال یا اس سے زیادہ ہوسکتی ہے، ہم درج ذیل کہہ سکتے ہیں:

کے ساتھسرمایہ اشاریہ سازی کے فوائد کے ساتھ 20% پر ٹیکس حاصل کرتا ہے، خالص ٹیکس کے واقعات کم سے کم ہوں گے (تاہم کسی کو ٹیکس کے واقعات کا حساب لگانا چاہیے ٹیکس کے سال کے حساب سے)
طویل مدتی آمدنی کے فنڈز/گلٹ فنڈز اعلی پیداوار کے ساتھ اور اس کے علاوہ، اگر سود کی شرحیں نیچے جائیں تو بہت زیادہ منافع ملے گا۔
کوئی بھی ان قرض فنڈز کے ساتھ اعلی دوہرے ہندسے کی واپسی کے ساتھ ختم ہوسکتا ہے۔

لانگ ٹرم انکم فنڈز پر ریٹرن کی ذیل کی مثال لیں، زمرہ کے لیے اوسط آخری 1 سال کا منافع 12.19% ہے اور پچھلے 3 سالوں میں 10.32% p.a. اس مدت میں کوئی بھی ایف ڈی اس جیسی واپسی نہیں دے سکتا تھا۔ گلٹ فنڈ کے منافع اور بھی زیادہ ہیں۔ اسی مدت میں، پچھلے سال FD کی شرح زیادہ تر بینکوں میں 8-8.5% سالانہ کے قریب ہوتی، (اگرچہ آج شرحیں مزید گر کر 6.5 - 7.5% ہو گئی ہیں)

لہذا ایک سرمایہ کار کے ساتھ طویل مدتی ہولڈنگ اور سود کی شرحیں گرنے کے ساتھ، ایک قرض فنڈ (طویل مدتی آمدنی یا گلٹ) FD کے مقابلے میں زیادہ بہتر منافع دے گا۔ یہاں تک کہ شرح سود میں کمی نہ ہونے کی صورت میں بھی، زیادہ پیداوار والے کارپوریٹ بانڈ فنڈز اسی مدت میں ایف ڈی کو مات دے گا۔

قرض میوچل فنڈز اور فکسڈ ڈپازٹس پر ٹیکس

ٹیکسیشن ڈیٹ فنڈز اور فکسڈ ڈپازٹس کے ریٹرن کا تعین کرنے میں بھی اہم کردار ادا کرتا ہے۔ عام طور پر، فکسڈ ڈپازٹس پر ٹیکس 33% (ٹیکس کی معمولی شرح) ہے جب کہ ڈیبٹ فنڈز پر اگر کوئی 3 سال سے کم نظریہ کے ساتھ سرمایہ کاری کرتا ہے تو ڈی ڈی ٹی (ڈیویڈنڈ ڈسٹری بیوشن ٹیکس) کاٹنا بہتر آپشن ہوگا۔ تقریباً 25% پر (+سرچارج وغیرہ)۔ اس سے ظاہر ہوتا ہے کہ ڈیٹ میوچل فنڈز پر ٹیکس فکسڈ ڈپازٹ کے مقابلے نسبتاً کم ہے۔

قرض فنڈز کے ساتھ آنے والے اضافی فوائد یہ ہیں:

لیکویڈیٹی: رقم 1-2 دنوں کے اندر دستیاب ہو گی۔رہائی
پیشہ ورانہ انتظام: حکمت عملی کو متحرک طور پر تبدیل کرنے اور بازاروں سے فائدہ اٹھانے کی صلاحیت
قبل از وقت واپسی کا کوئی جرمانہ نہیں۔

خلاصہ:

پیرامیٹرز	باہمی چندہ	فکسڈ ڈپازٹس
واپسی کی شرح	کوئی یقینی واپسی نہیں۔	فکسڈ ریٹرن
مہنگائی ایڈجسٹ ریٹرن	اعلی افراط زر کی ایڈجسٹ شدہ واپسیوں کا امکان	عام طور پر کم افراط زر کی ایڈجسٹ شدہ واپسی
خطرہ	کم سے زیادہ خطرہ (فنڈ پر منحصر ہے۔	کم خطرہ
لیکویڈیٹی	مائع	مائع
قبل از وقت واپسی	ایگزٹ لوڈ/نو لوڈ کے ساتھ اجازت ہے۔	جرمانے کے ساتھ اجازت ہے۔
سرمایہ کاری کی لاگت	انتظامی لاگت/خرچ کا تناسب	کوی قیمت نہیں

سرفہرست 8 بہترین کارکردگی والے قرض فنڈز 2022

مندرجہ بالا خالص اثاثوں/اے یو ایم والے قرض فنڈز کی فہرست ذیل میں ہے۔1000 کروڑ اور 3 سال کے مرکب پر ترتیب دیا گیا (سی اے جی آر) واپسی

1. Aditya Birla Sun Life Credit Risk Fund

(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.

Research Highlights for Aditya Birla Sun Life Credit Risk Fund

Bottom quartile AUM (₹1,073 Cr).
Established history (10+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 13.82% (top quartile).
1M return: 0.80% (top quartile).
Sharpe: 1.96 (lower mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.74% (lower mid).
Modified duration: 2.12 yrs (top quartile).
Average maturity: 3.12 yrs (top quartile).
Exit load: 0-365 Days (1%),365 Days and above(NIL).
Top sector: Real Estate.
Top bond sector: Corporate.
Debt-heavy allocation (~84%).
High-quality debt (AAA/AA ~90%).
Largest holding 6.79% Govt Stock 2034 (~7.0%).

Below is the key information for Aditya Birla Sun Life Credit Risk Fund

Aditya Birla Sun Life Credit Risk Fund Growth
Launch Date	17 Apr 15
NAV (28 Nov 25)	₹23.2374 ↑ 0.00 (0.00 %)
Net Assets (Cr)	₹1,073 on 31 Oct 25
Category	Debt - Credit Risk
AMC	Birla Sun Life Asset Management Co Ltd
Rating	Not Rated
Risk	Moderate
Expense Ratio	1.54
Sharpe Ratio	1.96
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	7.74%
Effective Maturity	3 Years 1 Month 13 Days
Modified Duration	2 Years 1 Month 13 Days

Growth of 10,000 investment over the years.

Date	Value
30 Nov 20	₹10,000
30 Nov 21	₹10,680
30 Nov 22	₹11,416
30 Nov 23	₹12,182
30 Nov 24	₹13,667
30 Nov 25	₹15,528

Aditya Birla Sun Life Credit Risk Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹209,201.
Net Profit of ₹29,201 Invest Now

Returns for Aditya Birla Sun Life 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 28 Nov 25

Duration	Returns
1 Month	0.8%
3 Month	2.6%
6 Month	4.6%
1 Year	13.8%
3 Year	10.8%
5 Year	9.2%
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	10.55 Yr.
Mohit Sharma	6 Aug 20	5.24 Yr.

Data below for Aditya Birla Sun Life Credit Risk Fund as on 31 Oct 25

Asset Allocation

Asset Class	Value
Cash	8.22%
Equity	7.48%
Debt	83.99%
Other	0.32%

Debt Sector Allocation

Sector	Value
Corporate	63.91%
Government	20.08%
Cash Equivalent	8.22%

Credit Quality

Rating	Value
A	9.64%
AA	61.19%
AAA	29.17%

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%	₹50 Cr	500
Aditya Birla Real Estate Limited Debentures \| -	4%	₹45 Cr	4,500
GMR Airports Limited Debentures \| -	3%	₹37 Cr	3,700
7.1% Govt Stock 2034 Sovereign Bonds \| -	3%	₹36 Cr	3,500,000
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

2. Aditya Birla Sun Life Medium Term Plan

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

Research Highlights for Aditya Birla Sun Life Medium Term Plan

Top quartile AUM (₹2,807 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 11.52% (top quartile).
1M return: 0.67% (upper mid).
Sharpe: 2.04 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.63% (bottom quartile).
Modified duration: 3.73 yrs (bottom quartile).
Average maturity: 5.08 yrs (bottom quartile).
Exit load: 0-365 Days (1%),365 Days and above(NIL).
Top sector: Real Estate.
Top bond sector: Corporate.
Debt-heavy allocation (~90%).
High-quality debt (AAA/AA ~93%).
Largest holding 6.79% Govt Stock 2034 (~11.8%).

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

Aditya Birla Sun Life Medium Term Plan Growth
Launch Date	25 Mar 09
NAV (28 Nov 25)	₹41.1655 ↓ 0.00 (-0.01 %)
Net Assets (Cr)	₹2,807 on 31 Oct 25
Category	Debt - Medium term Bond
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	1.57
Sharpe Ratio	2.04
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	7.63%
Effective Maturity	5 Years 29 Days
Modified Duration	3 Years 8 Months 23 Days

Growth of 10,000 investment over the years.

Date	Value
30 Nov 20	₹10,000
30 Nov 21	₹10,751
30 Nov 22	₹13,382
30 Nov 23	₹14,250
30 Nov 24	₹15,793
30 Nov 25	₹17,575

Aditya Birla Sun Life Medium Term Plan SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹215,396.
Net Profit of ₹35,396 Invest Now

Returns for Aditya Birla Sun Life Medium Term Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Nov 25

Duration	Returns
1 Month	0.7%
3 Month	2.3%
6 Month	3.4%
1 Year	11.5%
3 Year	9.5%
5 Year	11.9%
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	11.18 Yr.
Mohit Sharma	6 Aug 20	5.24 Yr.

Data below for Aditya Birla Sun Life Medium Term Plan as on 31 Oct 25

Asset Allocation

Asset Class	Value
Cash	5.18%
Equity	4.19%
Debt	90.37%
Other	0.26%

Debt Sector Allocation

Sector	Value
Corporate	52.75%
Government	37.63%
Cash Equivalent	5.18%

Credit Quality

Rating	Value
A	6.86%
AA	39.29%
AAA	53.85%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
6.79% Govt Stock 2034 Sovereign Bonds \| -	12%	₹335 Cr	33,000,000 ↑ 2,000,000
7.1% Govt Stock 2034 Sovereign Bonds \| -	9%	₹245 Cr	23,696,700 ↑ 4,000,000
7.18% Govt Stock 2033 Sovereign Bonds \| -	7%	₹192 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%	₹79 Cr	7,400
Jtpm Metal TRaders Limited Debentures \| -	3%	₹78 Cr	7,673
Indian Railway Finance Corporation Limited Debentures \| -	3%	₹75 Cr	7,500
Power Grid Corporation Of India Limited Debentures \| -	2%	₹70 Cr	7,000
360 One Prime Limited Debentures \| -	2%	₹66 Cr	6,500

3. ICICI Prudential Regular Savings Fund

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

Highest AUM (₹5,916 Cr).
Established history (15+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 9.52% (upper mid).
1M return: 0.83% (top quartile).
Sharpe: 2.18 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 8.32% (top quartile).
Modified duration: 2.25 yrs (upper mid).
Average maturity: 3.37 yrs (upper mid).
Exit load: 0-1 Years (1%),1 Years and above(NIL).
Top sector: Real Estate.
Higher exposure to Corporate (bond sector) vs peer median.
Debt-heavy allocation (~87%).
High-quality debt (AAA/AA ~79%).
Largest holding Embassy Office Parks REIT (~4.2%).

Below is the key information for ICICI Prudential Regular Savings Fund

ICICI Prudential Regular Savings Fund Growth
Launch Date	3 Dec 10
NAV (28 Nov 25)	₹33.0379 ↑ 0.01 (0.03 %)
Net Assets (Cr)	₹5,916 on 31 Oct 25
Category	Debt - Credit Risk
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆
Risk	Moderate
Expense Ratio	1.43
Sharpe Ratio	2.18
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	8.32%
Effective Maturity	3 Years 4 Months 13 Days
Modified Duration	2 Years 3 Months

Growth of 10,000 investment over the years.

Date	Value
30 Nov 20	₹10,000
30 Nov 21	₹10,667
30 Nov 22	₹11,163
30 Nov 23	₹11,943
30 Nov 24	₹12,989
30 Nov 25	₹14,220

ICICI Prudential Regular Savings 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 ICICI Prudential Regular 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 28 Nov 25

Duration	Returns
1 Month	0.8%
3 Month	2.7%
6 Month	4.3%
1 Year	9.5%
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	8.99 Yr.
Akhil Kakkar	22 Jan 24	1.78 Yr.

Data below for ICICI Prudential Regular Savings Fund as on 31 Oct 25

Asset Allocation

Asset Class	Value
Cash	4.8%
Equity	8.51%
Debt	86.68%

Debt Sector Allocation

Sector	Value
Corporate	73.37%
Government	14.14%
Cash Equivalent	3.98%

Credit Quality

Rating	Value
A	21.16%
AA	57.37%
AAA	21.47%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Embassy Office Parks REIT (Real Estate) -, Since 30 Apr 25 \| 542602	4%	₹251 Cr	6,030,181
Keystone Realtors Limited Debentures \| -	4%	₹236 Cr	23,500
7.1% Govt Stock 2034 Sovereign Bonds \| -	4%	₹212 Cr	20,517,530
Millennia Realtors Private Limited Debentures \| -	4%	₹211 Cr	2,100
Vedanta Limited Debentures \| -	3%	₹201 Cr	20,000
Adani Enterprises Limited Debentures \| -	3%	₹200 Cr	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%	₹185 Cr	18,000
Nirma Limited Debentures \| -	3%	₹152 Cr	15,000

4. Nippon India Credit Risk Fund

(Erstwhile Reliance Regular Savings Fund - Debt Plan)

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

Research Highlights for Nippon India Credit Risk Fund

Bottom quartile AUM (₹1,003 Cr).
Established history (20+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderate.
1Y return: 9.33% (upper mid).
1M return: 0.62% (lower mid).
Sharpe: 2.98 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 8.23% (top quartile).
Modified duration: 1.97 yrs (top quartile).
Average maturity: 2.24 yrs (top quartile).
Exit load: 0-12 Months (1%),12 Months and above(NIL).
Higher exposure to Corporate (bond sector) vs peer median.
Debt-heavy allocation (~92%).
High-quality debt (AAA/AA ~76%).
Largest holding 7.02% Govt Stock 2031 (~7.6%).

Below is the key information for Nippon India Credit Risk Fund

Nippon India Credit Risk Fund Growth
Launch Date	8 Jun 05
NAV (28 Nov 25)	₹36.1977 ↓ 0.00 (-0.01 %)
Net Assets (Cr)	₹1,003 on 31 Oct 25
Category	Debt - Credit Risk
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆
Risk	Moderate
Expense Ratio	1.46
Sharpe Ratio	2.98
Information Ratio	0
Alpha Ratio	0
Min Investment	500
Min SIP Investment	100
Exit Load	0-12 Months (1%),12 Months and above(NIL)
Yield to Maturity	8.23%
Effective Maturity	2 Years 2 Months 26 Days
Modified Duration	1 Year 11 Months 19 Days

Growth of 10,000 investment over the years.

Date	Value
30 Nov 20	₹10,000
30 Nov 21	₹11,395
30 Nov 22	₹11,834
30 Nov 23	₹12,742
30 Nov 24	₹13,800
30 Nov 25	₹15,074

Nippon India Credit Risk Fund SIP Returns

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

Returns for Nippon India 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 28 Nov 25

Duration	Returns
1 Month	0.6%
3 Month	2%
6 Month	3.8%
1 Year	9.3%
3 Year	8.4%
5 Year	8.6%
10 Year
15 Year
Since launch	6.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	8.3%
2023	7.9%
2022	3.9%
2021	13.5%
2020	-5.9%
2019	1.9%
2018	6.1%
2017	7%
2016	10%
2015	8.8%

Fund Manager information for Nippon India Credit Risk Fund

Name	Since	Tenure
Kinjal Desai	25 May 18	7.44 Yr.
Sushil Budhia	1 Feb 20	5.75 Yr.
Lokesh Maru	5 Sep 25	0.16 Yr.
Divya Sharma	5 Sep 25	0.16 Yr.

Data below for Nippon India Credit Risk Fund as on 31 Oct 25

Asset Allocation

Asset Class	Value
Cash	7.88%
Debt	91.83%
Other	0.29%

Debt Sector Allocation

Sector	Value
Corporate	73.25%
Government	18.58%
Cash Equivalent	7.88%

Credit Quality

Rating	Value
A	24.36%
AA	43.74%
AAA	31.91%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.02% Govt Stock 2031 Sovereign Bonds \| -	8%	₹77 Cr	7,500,000
Renew Solar Energy (Jharkhand Five) Private Limited Debentures \| -	5%	₹48 Cr	5,000
Jubilant Bevco Limited Debentures \| -	4%	₹43 Cr	4,000
TRuhome Finance Limited Debentures \| -	4%	₹41 Cr	4,000
The Sandur Manganese And Iron Ores Limited Debentures \| -	4%	₹39 Cr	4,000
Delhi International Airport Limited Debentures \| -	4%	₹36 Cr	3,500
Mancherial Repallewada Road Private Limited Debentures \| -	4%	₹36 Cr	4,500
Vedanta Limited Debentures \| -	3%	₹35 Cr	3,500
Renserv Global Private Limited Debentures \| -	3%	₹35 Cr	3,500
Hiranandani Financial Services Private Limited Debentures \| -	3%	₹35 Cr	3,500

5. ICICI Prudential Constant Maturity Gilt Fund

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

Upper mid AUM (₹2,586 Cr).
Established history (11+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 8.25% (bottom quartile).
1M return: 0.57% (bottom quartile).
Sharpe: 0.56 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.78% (bottom quartile).
Modified duration: 6.83 yrs (bottom quartile).
Average maturity: 9.69 yrs (bottom quartile).
Exit load: 0-7 Days (0.25%),7 Days and above(NIL).
Higher exposure to Government (bond sector) vs peer median.
Debt-heavy allocation (~97%).
High-quality debt (AAA/AA ~100%).
Largest holding 6.64% Govt Stock 2035 (~28.3%).
Top-3 holdings concentration ~65.2%.

Below is the key information for ICICI Prudential Constant Maturity Gilt Fund

ICICI Prudential Constant Maturity Gilt Fund Growth
Launch Date	12 Sep 14
NAV (28 Nov 25)	₹25.1773 ↓ -0.02 (-0.09 %)
Net Assets (Cr)	₹2,586 on 31 Oct 25
Category	Debt - 10 Yr Govt Bond
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆
Risk	Moderate
Expense Ratio	0.39
Sharpe Ratio	0.56
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	6.78%
Effective Maturity	9 Years 8 Months 8 Days
Modified Duration	6 Years 9 Months 29 Days

Growth of 10,000 investment over the years.

Date	Value
30 Nov 20	₹10,000
30 Nov 21	₹10,392
30 Nov 22	₹10,424
30 Nov 23	₹11,120
30 Nov 24	₹12,243
30 Nov 25	₹13,204

ICICI Prudential Constant Maturity Gilt Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for ICICI Prudential Constant Maturity Gilt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Nov 25

Duration	Returns
1 Month	0.6%
3 Month	1.9%
6 Month	0.7%
1 Year	8.3%
3 Year	8.2%
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	1.78 Yr.
Raunak Surana	22 Jan 24	1.78 Yr.

Data below for ICICI Prudential Constant Maturity Gilt Fund as on 31 Oct 25

Asset Allocation

Asset Class	Value
Cash	2.71%
Debt	97.29%

Debt Sector Allocation

Sector	Value
Government	97.29%
Cash Equivalent	2.71%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
6.64% Govt Stock 2035 Sovereign Bonds \| -	28%	₹730 Cr	73,000,000 ↑ 10,000,000
7.1% Govt Stock 2034 Sovereign Bonds \| -	20%	₹514 Cr	49,719,850
6.79% Govt Stock 2034 Sovereign Bonds \| -	17%	₹440 Cr	43,374,500 ↓ -10,000,000
7.18% Govt Stock 2037 Sovereign Bonds \| -	16%	₹417 Cr	40,500,000
7.41% Govt Stock 2036 Sovereign Bonds \| -	13%	₹335 Cr	32,000,000
6.19% Govt Stock 2034 Sovereign Bonds \| -	1%	₹29 Cr	3,000,000
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
6.33% Govt Stock 2035 Sovereign Bonds \| -	0%	₹4 Cr	413,500
Net Current Assets Net Current Assets \| -	2%	₹48 Cr

6. SBI Credit Risk Fund

(Erstwhile SBI Corporate Bond Fund)

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

Research Highlights for SBI Credit Risk Fund

Upper mid AUM (₹2,190 Cr).
Oldest track record among peers (21 yrs).
Rating: 4★ (top quartile).
Risk profile: Moderate.
1Y return: 8.31% (bottom quartile).
1M return: 0.60% (bottom quartile).
Sharpe: 1.98 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 8.09% (upper mid).
Modified duration: 2.73 yrs (upper mid).
Average maturity: 4.28 yrs (upper mid).
Exit load: 0-12 Months (3%),12-24 Months (1.5%),24-36 Months (0.75%),36 Months and above(NIL).
Top sector: Industrials.
Top bond sector: Corporate.
Debt-heavy allocation (~88%).
High-quality debt (AAA/AA ~83%).
Largest holding 6.92% Govt Stock 2039 (~6.9%).

Below is the key information for SBI Credit Risk Fund

SBI Credit Risk Fund Growth
Launch Date	19 Jul 04
NAV (28 Nov 25)	₹46.9562 ↓ -0.04 (-0.08 %)
Net Assets (Cr)	₹2,190 on 31 Oct 25
Category	Debt - Credit Risk
AMC	SBI Funds Management Private Limited
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	1.55
Sharpe Ratio	1.98
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	8.09%
Effective Maturity	4 Years 3 Months 11 Days
Modified Duration	2 Years 8 Months 23 Days

Growth of 10,000 investment over the years.

Date	Value
30 Nov 20	₹10,000
30 Nov 21	₹10,526
30 Nov 22	₹10,941
30 Nov 23	₹11,832
30 Nov 24	₹12,798
30 Nov 25	₹13,850

SBI 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 SBI Credit Risk Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Nov 25

Duration	Returns
1 Month	0.6%
3 Month	1.8%
6 Month	3.3%
1 Year	8.3%
3 Year	8.2%
5 Year	6.7%
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	8.75 Yr.

Data below for SBI Credit Risk Fund as on 31 Oct 25

Asset Allocation

Asset Class	Value
Cash	8.59%
Equity	3.1%
Debt	87.94%
Other	0.37%

Debt Sector Allocation

Sector	Value
Corporate	68.63%
Government	19.3%
Cash Equivalent	8.59%

Credit Quality

Rating	Value
A	17.05%
AA	62.36%
AAA	20.59%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
6.92% Govt Stock 2039 Sovereign Bonds \| -	7%	₹150 Cr	15,000,000
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
Jtpm Metal TRaders Limited Debentures \| -	4%	₹92 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
Renserv Global Private Limited Debentures \| -	4%	₹80 Cr	8,000
Aditya Birla Renewables Limited Debentures \| -	3%	₹76 Cr	7,500

7. Axis Strategic Bond Fund

(Erstwhile Axis Income Fund)

To generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments.

Research Highlights for Axis Strategic Bond Fund

Lower mid AUM (₹1,928 Cr).
Established history (13+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 8.75% (lower mid).
1M return: 0.64% (lower mid).
Sharpe: 1.54 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.79% (upper mid).
Modified duration: 3.17 yrs (lower mid).
Average maturity: 4.28 yrs (lower mid).
Exit load: 0-12 Months (1%),12 Months and above(NIL).
Top sector: Real Estate.
Top bond sector: Corporate.
Debt-heavy allocation (~96%).
High-quality debt (AAA/AA ~88%).
Largest holding 7.1% Govt Stock 2034 (~11.3%).

Below is the key information for Axis Strategic Bond Fund

Axis Strategic Bond Fund Growth
Launch Date	28 Mar 12
NAV (28 Nov 25)	₹28.8508 ↓ -0.01 (-0.02 %)
Net Assets (Cr)	₹1,928 on 31 Oct 25
Category	Debt - Medium term Bond
AMC	Axis Asset Management Company Limited
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	1.08
Sharpe Ratio	1.54
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	7.79%
Effective Maturity	4 Years 3 Months 11 Days
Modified Duration	3 Years 2 Months 1 Day

Growth of 10,000 investment over the years.

Date	Value
30 Nov 20	₹10,000
30 Nov 21	₹10,565
30 Nov 22	₹10,941
30 Nov 23	₹11,680
30 Nov 24	₹12,735
30 Nov 25	₹13,828

Axis Strategic Bond Fund SIP Returns

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

Returns for Axis Strategic Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Nov 25

Duration	Returns
1 Month	0.6%
3 Month	2.1%
6 Month	2.8%
1 Year	8.7%
3 Year	8.1%
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	13 Yr.
Sachin Jain	1 Feb 23	2.75 Yr.
Akhil Thakker	1 Feb 23	2.75 Yr.

Data below for Axis Strategic Bond Fund as on 31 Oct 25

Asset Allocation

Asset Class	Value
Cash	3.09%
Equity	0.61%
Debt	96.01%
Other	0.29%

Debt Sector Allocation

Sector	Value
Corporate	62.68%
Government	30.71%
Cash Equivalent	3.09%
Securitized	2.63%

Credit Quality

Rating	Value
A	11.52%
AA	47.53%
AAA	40.95%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.1% Govt Stock 2034 Sovereign Bonds \| -	11%	₹219 Cr	21,200,000
Jubilant Beverages Limited Debentures \| -	4%	₹69 Cr	6,500
GMR Hyderabad International Airport Ltd Debentures \| -	3%	₹66 Cr	6,500
6.79% Govt Stock 2034 Sovereign Bonds \| -	3%	₹61 Cr	6,031,900
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
Dlf Cyber City Developers Ltd Debentures \| -	3%	₹56 Cr	5,500
Aditya Birla Digital Fashion Ventures Limited Debentures \| -	3%	₹55 Cr	5,500

8. Kotak Medium Term Fund

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

Research Highlights for Kotak Medium Term Fund

Lower mid AUM (₹2,082 Cr).
Established history (11+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 9.06% (lower mid).
1M return: 0.74% (upper mid).
Sharpe: 1.34 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.64% (lower mid).
Modified duration: 2.88 yrs (lower mid).
Average maturity: 4.44 yrs (lower mid).
Exit load: 0-18 Months (2%),18 Months and above(NIL).
Top sector: Real Estate.
Top bond sector: Corporate.
Debt-heavy allocation (~86%).
High-quality debt (AAA/AA ~92%).
Largest holding Jtpm Metal TRaders Limited (~4.8%).

Below is the key information for Kotak Medium Term Fund

Kotak Medium Term Fund Growth
Launch Date	25 Mar 14
NAV (28 Nov 25)	₹23.5698 ↑ 0.01 (0.03 %)
Net Assets (Cr)	₹2,082 on 31 Oct 25
Category	Debt - Medium term Bond
AMC	Kotak Mahindra Asset Management Co Ltd
Rating	☆☆☆
Risk	Moderate
Expense Ratio	1.63
Sharpe Ratio	1.34
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-18 Months (2%),18 Months and above(NIL)
Yield to Maturity	7.64%
Effective Maturity	4 Years 5 Months 8 Days
Modified Duration	2 Years 10 Months 17 Days

Growth of 10,000 investment over the years.

Date	Value
30 Nov 20	₹10,000
30 Nov 21	₹10,506
30 Nov 22	₹10,805
30 Nov 23	₹11,415
30 Nov 24	₹12,511
30 Nov 25	₹13,626

Kotak Medium Term Fund SIP Returns

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

Returns for Kotak Medium Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Nov 25

Duration	Returns
1 Month	0.7%
3 Month	2.8%
6 Month	3.6%
1 Year	9.1%
3 Year	8%
5 Year	6.4%
10 Year
15 Year
Since launch	7.6%

Historical performance (Yearly) on absolute basis

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

Fund Manager information for Kotak Medium Term Fund

Name	Since	Tenure
Deepak Agrawal	25 Mar 14	11.61 Yr.
Vihag Mishra	1 Jun 25	0.42 Yr.

Data below for Kotak Medium Term Fund as on 31 Oct 25

Asset Allocation

Asset Class	Value
Cash	6.15%
Equity	7.75%
Debt	85.84%
Other	0.26%

Debt Sector Allocation

Sector	Value
Corporate	67.66%
Government	14.25%
Cash Equivalent	6.48%
Securitized	3.6%

Credit Quality

Rating	Value
A	8.34%
AA	44.87%
AAA	46.79%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Jtpm Metal TRaders Limited Debentures \| -	5%	₹102 Cr	10,000
L&T Metro Rail (Hyderabad) Limited Debentures \| -	5%	₹100 Cr	10,000
Bamboo Hotel And Global Centre (Delhi) Private Limited Debentures \| -	4%	₹91 Cr	9,000
Embassy Office Parks REIT (Real Estate) -, Since 31 May 21 \| 542602	4%	₹83 Cr	1,998,346
TATA Steel Limited Debentures \| -	4%	₹76 Cr	750
7.18% Govt Stock 2033 Sovereign Bonds \| -	3%	₹68 Cr	6,543,470
Pipeline Infrastructure Limited Debentures \| -	3%	₹65 Cr	6,280
Aditya Birla Renewables Limited Debentures \| -	3%	₹61 Cr	6,000
Aditya Birla Real Estate Limited Debentures \| -	3%	₹56 Cr	5,500
7.09% Govt Stock 2054 Sovereign Bonds \| -	3%	₹54 Cr	5,500,000

Disclaimer:
یہاں فراہم کردہ معلومات کے درست ہونے کو یقینی بنانے کے لیے تمام کوششیں کی گئی ہیں۔ تاہم، ڈیٹا کی درستگی کے حوالے سے کوئی ضمانت نہیں دی جاتی ہے۔ براہ کرم کوئی بھی سرمایہ کاری کرنے سے پہلے اسکیم کی معلومات کے دستاویز کے ساتھ تصدیق کریں۔