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.
351 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 (Existing Number of Segregated Portfolios - 1) - Growth Option - Direct PlanBronze | Credit Risk Fund | 2.77 | -13.8% | +8.77% | 57% | +6.87% | ₹1,708 Cr | 0.61% |
| 2 | ICICI Prudential Credit Risk Fund - Direct Plan - Growth | Credit Risk Fund | 2.58 | -2.9% | +8.83% | 76% | +6.56% | ₹6,320 Cr | 0.80% |
| 3 | Axis Credit Risk Fund - Direct Plan - GrowthGold | Credit Risk Fund | 2.45 | -3.5% | +7.40% | 37% | +7.07% | ₹378 Cr | 0.82% |
| 4 | SBI CREDIT RISK FUND - DIRECT PLAN -GROWTH | Credit Risk Fund | 2.29 | -1.4% | +7.66% | 40% | +6.92% | ₹2,182 Cr | 0.90% |
| 5 | Aditya Birla Sun Life Credit Risk Fund - Direct Plan - GrowthPlatinum | Credit Risk Fund | 2.25 | -3.9% | +8.32% | 53% | +10.89% | ₹1,657 Cr | 0.80% |
| 6 | Aditya Birla Sun Life Medium Term Fund - GROWTH - Direct PlanSilver | Medium Duration Fund | 2.12 | -12.7% | +10.40% | 69% | +7.25% | ₹3,370 Cr | 0.83% |
| 7 | Aditya Birla Sun Life Floating Interest Rates Fund - GROWTH - Direct PlanPlatinum | Floater Fund | 2.01 | -1.8% | +7.91% | 59% | +5.52% | ₹12,971 Cr | 0.25% |
| 8 | ICICI Prudential Floating Interest Rates Fund - Growth - Direct PlanPlatinum | Floater Fund | 1.91 | -1.8% | +8.28% | 71% | +5.56% | ₹8,658 Cr | 0.29% |
| 9 | WhiteOak Capital Multi Asset Allocation Fund Direct Plan GrowthPlatinum | Multi Asset Allocation | 1.88 | -6.1% | +16.79% | 44% | +5.15% | ₹9,717 Cr | 0.65% |
| 10 | DSP Corporate Bond Fund - Direct - GrowthGold | Corporate Bond Fund | 1.82 | -3.2% | +5.77% | 25% | +5.67% | ₹2,647 Cr | 0.29% |
| 11 | HDFC Credit Risk Fund - Growth Option - Direct PlanSilver | Credit Risk Fund | 1.81 | -2.6% | +8.18% | 50% | +5.92% | ₹7,631 Cr | 1.01% |
| 12 | Franklin India Floating Interest Rates Fund - Growth - Direct PlanGold | Floater Fund | 1.80 | -1.3% | +7.06% | 14% | +5.81% | ₹256 Cr | 0.38% |
| 13 | UTI Credit Risk Fund - Direct Plan - Growth OptionBronze | Credit Risk Fund | 1.75 | -34.4% | +8.02% | 45% | +5.51% | ₹241 Cr | 0.76% |
| 14 | Invesco India Credit Risk Fund - Direct Plan - GrowthSilver | Credit Risk Fund | 1.73 | -8.0% | +6.53% | 32% | +6.90% | ₹167 Cr | 0.28% |
| 15 | SBI Floating Interest Rates Fund - Growth - Direct PlanBronze | Floater Fund | 1.71 | -0.6% | +7.41% | 36% | +6.08% | ₹676 Cr | 0.28% |
| 16 | ICICI Prudential Medium Term Fund - Growth - Direct Plan | Medium Duration Fund | 1.68 | -5.1% | +8.36% | 61% | +5.48% | ₹5,331 Cr | 0.73% |
| 17 | Kotak Credit Risk Fund - Growth - DirectBronze | Credit Risk Fund | 1.68 | -3.9% | +8.24% | 53% | +5.63% | ₹773 Cr | 0.81% |
| 18 | UTI Banking & PSU Debt Fund - Growth - Direct PlanGold | Banking and PSU Fund | 1.64 | -6.7% | +7.38% | 35% | +5.66% | ₹1,448 Cr | 0.24% |
| 19 | Kotak Medium Term Fund - Direct GrowthSilver | Medium Duration Fund | 1.64 | -5.2% | +7.69% | 42% | +4.87% | ₹1,912 Cr | 0.67% |
| 20 | UTI Floating Interest Rates Fund - Growth - Direct PlanSilver | Floater Fund | 1.59 | -1.5% | +6.21% | 0% | +5.52% | ₹1,506 Cr | 0.44% |
| 21 | HDFC Floating Interest Rates Fund - Growth Option - Direct PlanGold | Floater Fund | 1.57 | -1.3% | +7.84% | 59% | +5.03% | ₹15,659 Cr | 0.27% |
| 22 | Kotak Floating Interest Rates Fund - GROWTH OPTION - Direct PlanGold | Floater Fund | 1.57 | -2.0% | +6.65% | 29% | +4.95% | ₹3,240 Cr | 0.24% |
| 23 | Axis Medium Term Fund - Growth Option - Direct PlanSilver | Medium Duration Fund | 1.55 | -7.3% | +8.47% | 64% | +5.26% | ₹1,972 Cr | 0.71% |
| 24 | ICICI Prudential Short Term Fund - Direct Plan - Growth OptionGold | Short Duration Fund | 1.48 | -3.4% | +8.44% | 73% | +4.82% | ₹18,890 Cr | 0.45% |
| 25 | Franklin India Banking & PSU Debt Fund - Direct - GrowthGold | Banking and PSU Fund | 1.48 | -3.6% | +7.77% | 54% | +5.16% | ₹565 Cr | 0.23% |
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.