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Mutual Funds Better Than FD

Looking for an alternative to Fixed Deposits offered by Banks? Consider this hand-picked list of Debt Mutual Fund Schemes from the Money Market, Short-term, and Banking & PSU Funds. By investing in FD-like instruments from high-quality companies, these Funds can offer the potential to earn better than FD returns if you are looking for a low-risk investment option.

  • Ideal to invest for investment horizon for 1-3 years
  • No lock-in but exit load may apply if you withdraw in less than 1 year for some Funds
  • Offers better post-tax returns if you complete 3 years of investment in any of these Funds
Show returns & current values for:
ShowReturns foroffor
Investment: 6 Lakh

List of Mutual Funds Better Than FD in India sorted by Returns

Nippon India Corporate Bond Fund
AUM
₹6,566 Crs
Current Value
Return (p.a)
+ 8.15% + 22.8% + 7.8% + 49.5% + 14.15% + 3.9% + 8.67% + 58.7% % -97.22% + 9.51% + 15.35% + 16.71% + 2.58% + 10.3% + 10.89% + 7.91% + 209.18% + 11.88% + 6.27% + 15.29% + 1.18%
ETM Rank
#NA of NAin Corporate Bond Unranked
Genius only lock
Expense 0.36%
ICICI Prudential Short Term Fund
AUM
₹20,969 Crs
Current Value
Return (p.a)
+ 8.06% + 22.5% + 8.13% + 52.12% + 12.23% + 3.39% + 8.53% + 58.25% % -97.22% + 9.14% + 14.74% + 13.68% + 2.13% + 9.6% + 10.13% + 8.11% + 211.32% + 10.63% + 5.62% + 12.19% + 0.95%
ETM Rank
#NA of NAin Short Duration Unranked
Genius only lock
Expense 0.45%
Aditya Birla Sun Life Short Term Fund
AUM
₹8,343 Crs
Current Value
Return (p.a)
+ 7.96% + 22.21% + 7.98% + 50.9% + 12.71% + 3.52% + 8.43% + 57.93% % -97.22% + 9.15% + 14.76% + 14.43% + 2.24% + 9.81% + 10.37% + 7.98% + 209.89% + 11.04% + 5.83% + 12.96% + 1.01%
ETM Rank
#NA of NAin Short Duration Unranked
Genius only lock
Expense 0.36%
Nippon India Short-term Fund
AUM
₹7,469 Crs
Current Value
Return (p.a)
+ 7.9% + 22.03% + 7.77% + 49.25% + 13.53% + 3.73% + 8.41% + 57.87% % -97.22% + 9.28% + 14.97% + 15.84% + 2.45% + 10.04% + 10.61% + 7.85% + 208.46% + 11.52% + 6.08% + 14.99% + 1.15%
ETM Rank
#NA of NAin Short Duration Unranked
Genius only lock
Expense 0.37%
Aditya Birla Sun Life Corporate Bond Fund
AUM
₹25,884 Crs
Current Value
Return (p.a)
+ 7.83% + 21.82% + 7.87% + 50.07% + 13.08% + 3.61% + 8.4% + 57.84% % -97.22% + 9.24% + 14.9% + 14.94% + 2.32% + 9.96% + 10.52% + 7.86% + 208.57% + 11.21% + 5.92% + 13.29% + 1.03%
ETM Rank
#NA of NAin Corporate Bond Unranked
Genius only lock
Expense 0.33%
Axis Short Duration Fund
AUM
₹9,640 Crs
Current Value
Return (p.a)
+ 7.79% + 21.7% + 7.81% + 49.58% + 13.21% + 3.65% + 8.36% + 57.72% % -97.22% + 9.17% + 14.79% + 15.16% + 2.35% + 9.92% + 10.48% + 7.78% + 207.72% + 11.34% + 5.99% + 14.0% + 1.08%
ETM Rank
#NA of NAin Short Duration Unranked
Genius only lock
Expense 0.35%
HDFC Corporate Bond Fund
AUM
₹32,527 Crs
Current Value
Return (p.a)
+ 7.79% + 21.69% + 7.84% + 49.77% + 13.38% + 3.69% + 8.38% + 57.79% % -97.22% + 9.3% + 15.0% + 15.81% + 2.45% + 10.0% + 10.57% + 7.82% + 208.15% + 11.32% + 5.98% + 14.75% + 1.14%
ETM Rank
#NA of NAin Corporate Bond Unranked
Genius only lock
Expense 0.36%
ICICI Prudential Corporate Bond Fund
AUM
₹31,133 Crs
Current Value
Return (p.a)
+ 7.75% + 21.57% + 7.77% + 49.25% + 12.15% + 3.37% + 8.25% + 57.39% % -97.22% + 8.92% + 14.36% + 13.68% + 2.13% + 9.41% + 9.93% + 7.76% + 207.52% + 10.52% + 5.56% + 12.44% + 0.97%
ETM Rank
#NA of NAin Corporate Bond Unranked
Genius only lock
Expense 0.35%
Kotak Corporate Bond Fund
AUM
₹14,639 Crs
Current Value
Return (p.a)
+ 7.73% + 21.51% + 7.65% + 48.31% + 13.42% + 3.7% + 8.31% + 57.58% % -97.22% + 9.19% + 14.81% + 15.68% + 2.43% + 9.98% + 10.54% + 7.59% + 205.67% + 11.37% + 6.01% + 14.49% + 1.12%
ETM Rank
#NA of NAin Corporate Bond Unranked
Genius only lock
Expense 0.34%
HDFC Short Term Debt Fund
AUM
₹14,208 Crs
Current Value
Return (p.a)
+ 7.71% + 21.45% + 7.74% + 48.99% + 12.61% + 3.49% + 8.24% + 57.34% % -97.22% + 9.05% + 14.58% + 14.63% + 2.27% + 9.67% + 10.22% + 7.72% + 207.09% + 10.85% + 5.73% + 14.0% + 1.08%
ETM Rank
#NA of NAin Short Duration Unranked
Genius only lock
Expense 0.4%
Kotak Banking and PSU Debt Fund
AUM
₹6,011 Crs
Current Value
Return (p.a)
+ 7.69% + 21.39% + 7.79% + 49.42% + 13.36% + 3.69% + 8.24% + 57.35% % -97.22% + 9.07% + 14.62% + 15.95% + 2.47% + 9.8% + 10.36% + 7.72% + 207.07% + 11.2% + 5.92% + 14.89% + 1.15%
ETM Rank
#NA of NAin Banking and PSU Unranked
Genius only lock
Expense 0.4%
Kotak Bond Short-term Fund
AUM
₹16,681 Crs
Current Value
Return (p.a)
+ 7.67% + 21.33% + 7.7% + 48.68% + 13.05% + 3.61% + 8.25% + 57.38% % -97.22% + 9.12% + 14.69% + 14.99% + 2.33% + 9.84% + 10.4% + 7.65% + 206.24% + 11.13% + 5.88% + 13.51% + 1.05%
ETM Rank
#NA of NAin Short Duration Unranked
Genius only lock
Expense 0.38%
Nippon India Banking & PSU Debt Fund
AUM
₹5,706 Crs
Current Value
Return (p.a)
+ 7.59% + 21.09% + 7.73% + 48.92% + 13.81% + 3.81% + 8.17% + 57.12% % -97.22% + 9.05% + 14.59% + 16.41% + 2.54% + 9.83% + 10.39% + 7.68% + 206.56% + 11.42% + 6.03% + 15.22% + 1.17%
ETM Rank
#NA of NAin Banking and PSU Unranked
Genius only lock
Expense 0.38%
Aditya Birla Sun Life Banking & PSU Debt Fund
AUM
₹8,826 Crs
Current Value
Return (p.a)
+ 7.58% + 21.05% + 7.69% + 48.59% + 13.49% + 3.72% + 8.14% + 57.03% % -97.22% + 8.98% + 14.46% + 16.0% + 2.48% + 9.75% + 10.3% + 7.6% + 205.72% + 11.25% + 5.94% + 15.55% + 1.2%
ETM Rank
#NA of NAin Banking and PSU Unranked
Genius only lock
Expense 0.39%
Invesco India Corporate Bond Fund
AUM
₹7,029 Crs
Current Value
Return (p.a)
+ 7.53% + 20.91% + 7.36% + 46.06% + 13.88% + 3.83% + 8.18% + 57.16% % -97.22% + 9.16% + 14.78% + 16.34% + 2.53% + 10.04% + 10.61% + 7.51% + 204.75% + 11.62% + 6.14% + 15.06% + 1.16%
ETM Rank
#NA of NAin Corporate Bond Unranked
Genius only lock
Expense 0.28%
Bandhan Bond Fund Short Term Plan
AUM
₹9,728 Crs
Current Value
Return (p.a)
+ 7.52% + 20.87% + 7.45% + 46.79% + 13.24% + 3.66% + 8.16% + 57.11% % -97.22% + 9.1% + 14.66% + 15.41% + 2.39% + 9.88% + 10.43% + 7.44% + 203.98% + 11.24% + 5.94% + 14.81% + 1.14%
ETM Rank
#NA of NAin Short Duration Unranked
Genius only lock
Expense 0.33%
Axis Banking & PSU Debt Fund
AUM
₹13,313 Crs
Current Value
Return (p.a)
+ 7.19% + 19.88% + 7.42% + 46.51% + 12.57% + 3.48% + 7.74% + 55.8% % -97.22% + 8.51% + 13.68% + 14.54% + 2.26% + 9.26% + 9.78% + 7.24% + 201.79% + 10.68% + 5.65% + 13.69% + 1.06%
ETM Rank
#NA of NAin Banking and PSU Unranked
Genius only lock
Expense 0.35%
Bandhan Banking & PSU Debt Fund
AUM
₹13,369 Crs
Current Value
Return (p.a)
+ 7.16% + 19.8% + 7.49% + 47.06% + 11.89% + 3.3% + 7.69% + 55.63% % -97.22% + 8.44% + 13.55% + 13.54% + 2.11% + 9.06% + 9.56% + 7.37% + 203.2% + 10.24% + 5.42% + 12.39% + 0.96%
ETM Rank
#NA of NAin Banking and PSU Unranked
Genius only lock
Expense 0.33%
Bandhan Income Plus Arbitrage FoF
AUM
₹200 Crs
Current Value
Return (p.a)
+ 7.11% + 19.63% + 7.33% + 45.81% + 10.72% + 2.98% + 7.65% + 55.53% % -97.22% + 8.43% + 13.55% + 11.86% + 1.86% + 8.99% + 9.49% + 7.22% + 201.59% + 9.75% + 5.16% + 10.58% + 0.83%
ETM Rank
#NA of NAin Medium Duration Unranked
Genius only lock
Expense 0.04%
Sundaram Banking & PSU Fund
AUM
₹336 Crs
Current Value
Return (p.a)
+ 7.1% + 19.61% + 6.82% + 42.01% + 12.79% + 3.54% + 7.8% + 55.97% % -97.22% + 8.72% + 14.03% + 14.91% + 2.32% + 9.48% + 10.01% + 6.88% + 197.96% + 10.85% + 5.74% + 13.16% + 1.02%
ETM Rank
#NA of NAin Banking and PSU Unranked
Genius only lock
Expense 0.27%
Canara Robeco Short Duration Fund
AUM
₹355 Crs
Current Value
Return (p.a)
+ 7.01% + 19.33% + 7.05% + 43.76% + 11.94% + 3.31% + 7.58% + 55.29% % -97.22% + 8.38% + 13.46% + 13.66% + 2.13% + 9.05% + 9.54% + 6.94% + 198.59% + 10.23% + 5.41% + 12.65% + 0.98%
ETM Rank
#NA of NAin Short Duration Unranked
Genius only lock
Expense 0.41%
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