Steady, lower risk
Income with less volatility than equity?
Ranked on risk-adjusted return, not raw return — the point of this group is smoother outcomes.
348 funds in this group. Showing the top 100 by Sharpe ratio — pick a sub-category below for the complete list.
Top 100 funds, ranked by Sharpe ratio
| # | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | Nippon India Credit Risk Fund - Direct Plan - Growth Plan | Credit Risk Fund | 2.78 | -13.8% | +8.76% | 57% | +7.91% | ₹1,574 Cr | 0.61% |
| 2 | ICICI Prudential Credit Risk Fund - Direct Plan - GrowthGold | Credit Risk Fund | 2.64 | -2.9% | +8.82% | 76% | +8.26% | ₹6,333 Cr | 0.80% |
| 3 | Baroda BNP Paribas Credit Risk Fund -Direct-Growth OptionGold | Credit Risk Fund | 2.61 | -8.1% | +8.67% | 66% | +7.13% | ₹178 Cr | 0.82% |
| 4 | Axis Credit Risk Fund - Direct Plan - GrowthGold | Credit Risk Fund | 2.49 | -3.5% | +7.40% | 36% | +8.44% | ₹395 Cr | 0.82% |
| 5 | SBI CREDIT RISK FUND - DIRECT PLAN -GROWTHSilver | Credit Risk Fund | 2.38 | -1.4% | +7.61% | 38% | +8.23% | ₹2,186 Cr | 0.90% |
| 6 | Aditya Birla Sun Life Credit Risk Fund - Direct Plan - GrowthPlatinum | Credit Risk Fund | 2.26 | -3.9% | +8.25% | 52% | +12.56% | ₹1,600 Cr | 0.80% |
| 7 | Aditya Birla Sun Life Medium Term Plan - Growth - Direct PlanGold | Medium Duration Fund | 2.14 | -12.7% | +10.40% | 69% | +9.13% | ₹3,319 Cr | 0.83% |
| 8 | DSP Floater Fund - Direct Plan - Growth | Floater Fund | 2.12 | -0.5% | +7.90% | 56% | +5.60% | ₹321 Cr | 0.28% |
| 9 | ICICI Prudential Floating Interest Fund - Direct Plan - GrowthGold | Floater Fund | 2.06 | -1.8% | +8.29% | 71% | +6.77% | ₹9,119 Cr | 0.29% |
| 10 | Aditya Birla Sun Life Floating Rate Fund-Direct Plan-GrowthPlatinum | Floater Fund | 2.03 | -1.8% | +7.91% | 60% | +6.23% | ₹13,211 Cr | 0.25% |
| 11 | SBI Floating Rate Debt Fund - Direct Plan - Growth | Floater Fund | 1.96 | -0.6% | +7.45% | 38% | +6.54% | ₹688 Cr | 0.28% |
| 12 | WhiteOak Capital Multi Asset Allocation Fund Direct Plan GrowthPlatinum | Multi Asset Allocation | 1.94 | -6.1% | — | — | +11.45% | ₹8,778 Cr | 0.64% |
| 13 | Franklin India Floating Rate Fund - Direct - GrowthSilver | Floater Fund | 1.93 | -1.3% | +7.05% | 13% | +6.64% | ₹281 Cr | 0.37% |
| 14 | HDFC Credit Risk Debt Fund - Growth Option - Direct PlanSilver | Credit Risk Fund | 1.83 | -2.6% | +8.19% | 50% | +7.33% | ₹7,666 Cr | 1.01% |
| 15 | UTI Credit Risk Fund - Direct Plan - Growth Option | Credit Risk Fund | 1.83 | -34.4% | +8.05% | 46% | +6.61% | ₹249 Cr | 0.76% |
| 16 | Invesco India Credit Risk Fund - Direct Plan - GrowthSilver | Credit Risk Fund | 1.81 | -8.0% | +6.50% | 31% | +7.86% | ₹167 Cr | 0.28% |
| 17 | ICICI Prudential Medium Term Bond Fund - Direct Plan - GrowthGold | Medium Duration Fund | 1.73 | -5.1% | +8.36% | 65% | +7.48% | ₹5,419 Cr | 0.73% |
| 18 | DSP Corporate Bond Fund - Direct - GrowthGold | Corporate Bond Fund | 1.73 | -3.2% | +5.74% | 24% | +6.09% | ₹2,816 Cr | 0.29% |
| 19 | Parag Parikh Conservative Hybrid Fund - Direct Plan - GrowthPlatinum | Conservative Hybrid Fund | 1.72 | -2.3% | +11.47% | 100% | +4.86% | ₹3,481 Cr | 0.32% |
| 20 | Kotak Credit Risk Fund - Growth - DirectBronze | Credit Risk Fund | 1.68 | -3.9% | +8.24% | 52% | +7.36% | ₹773 Cr | 0.81% |
| 21 | HDFC Floating Rate Debt Fund - Direct Plan - Growth OptionPlatinum | Floater Fund | 1.68 | -1.3% | +7.85% | 61% | +6.15% | ₹16,133 Cr | 0.27% |
| 22 | Kotak Medium Term Fund - Direct GrowthSilver | Medium Duration Fund | 1.67 | -5.2% | +7.67% | 43% | +7.19% | ₹1,926 Cr | 0.67% |
| 23 | KOTAK FLOATING RATE FUND-DIRECT PLAN-GROWTH OPTIONGold | Floater Fund | 1.62 | -2.0% | +6.64% | 31% | +6.02% | ₹3,425 Cr | 0.24% |
| 24 | UTI - Floater Fund - Direct Plan - Growth Option | Floater Fund | 1.60 | -1.5% | +6.15% | 0% | +6.29% | ₹1,575 Cr | 0.44% |
| 25 | Axis Strategic Bond Fund - Direct Plan - Growth OptionGold | Medium Duration Fund | 1.58 | -7.3% | +8.49% | 66% | +6.81% | ₹2,112 Cr | 0.72% |
Badges are our own quality tiers — Platinum (top 10%), Gold (25%), Silver (50%), Bronze (75%) — scored within each sub-category, so they compare a fund with its peers and not with funds of a different type. “3Y typical” is the median annualised return across every 3-year holding period the fund has lived through, not a single 3-year figure; “3Y loss odds” is the share of those periods that ended down. “Beat peers” is the share in which it beat its category's median, and “worst fall” is its deepest peak-to-trough drop. Open a fund for the full distribution. Click any column heading to re-sort — including the fund name, which groups a house’s funds together. Funds with no value for a column sort last. Returns over 1 year are annualised (CAGR). Past performance does not indicate future returns. Eligibility: Direct, Growth only, minimum AUM ₹100 Cr, at least 1 year(s) old, short-duration categories included. Past performance. Returns for 3y/5y are annualised (CAGR) and are withheld where the NAV series does not support the period.
Steady, lower risk — FAQs
Why rank these on risk-adjusted return?
The purpose of this group is a smoother path, not the highest possible number. A fund that earned slightly less with much less volatility is doing the job better, which is what a risk-adjusted measure captures and a raw return does not.
What risks do debt funds carry?
Two main ones. Interest-rate risk: when yields rise, existing bonds fall in value, and longer-duration funds move more. Credit risk: a borrower may be downgraded or default, which affects the NAV directly. Categories differ substantially in how much of each they take.