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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 ET Money Ranking

ICICI Prudential Corporate Bond Fund
AUM
₹27,350 Crs
Current Value
Return (p.a)
+ 6.87% + 18.91% + 7.5% + 47.12% + 8.23% + 2.29% + 7.08% + 11.3% + 8.58% + 1.31% + 7.84% + 8.25% + 7.86% + 4.17% + 9.72% + 0.71%
ETM Rank Unranked
Expense 0.32%
Aditya Birla Sun Life Corporate Bond Fund
AUM
₹21,330 Crs
Current Value
Return (p.a)
+ 6.7% + 18.42% + 7.49% + 47.06% + 8.34% + 2.32% + 6.79% + 10.82% + 8.27% + 1.26% + 7.69% + 8.09% + 7.91% + 4.2% + 10.69% + 0.78%
ETM Rank Unranked
Expense 0.33%
Nippon India Short-term Fund
AUM
₹5,497 Crs
Current Value
Return (p.a)
+ 6.68% + 18.35% + 7.34% + 45.89% + 8.07% + 2.24% + 6.72% + 10.7% + 7.98% + 1.22% + 7.6% + 7.99% + 7.73% + 4.1% + 9.11% + 0.67%
ETM Rank Unranked
Expense 0.37%
HDFC Corporate Bond Fund
AUM
₹28,968 Crs
Current Value
Return (p.a)
+ 6.62% + 18.18% + 7.45% + 46.74% + 8.6% + 2.39% + 6.75% + 10.75% + 8.52% + 1.3% + 7.79% + 8.2% + 7.98% + 4.23% + 9.79% + 0.72%
ETM Rank Unranked
Expense 0.35%
Bandhan All Seasons Bond Fund
AUM
₹117 Crs
Current Value
Return (p.a)
+ 6.12% + 16.69% + 7.05% + 43.69% + 7.85% + 2.18% + 6.27% + 9.95% + 8.13% + 1.24% + 7.19% + 7.55% + 7.44% + 3.95% + 10.07% + 0.74%
ETM Rank Unranked
Expense 0.09%
Nippon India Corporate Bond Fund
AUM
₹2,893 Crs
Current Value
Return (p.a)
+ 6.82% + 18.76% + 7.3% + 45.61% + 8.42% + 2.34% + 6.99% + 11.14% + 8.28% + 1.27% + 7.78% + 8.18% + 7.88% + 4.18% + 10.57% + 0.77%
ETM Rank #1 of 15 in Corporate Bond
Expense 0.35%
Axis Short Term Fund
AUM
₹7,944 Crs
Current Value
Return (p.a)
+ 6.62% + 18.18% + 7.43% + 46.64% + 8.24% + 2.29% + 6.76% + 10.76% + 8.21% + 1.26% + 7.56% + 7.95% + 7.75% + 4.11% + 9.65% + 0.71%
ETM Rank #1 of 20 in Short Duration
Expense 0.34%
Aditya Birla Sun Life Banking & PSU Debt Fund
AUM
₹10,059 Crs
Current Value
Return (p.a)
+ 6.39% + 17.48% + 7.36% + 46.1% + 7.84% + 2.18% + 6.48% + 10.3% + 7.83% + 1.2% + 7.3% + 7.67% + 7.47% + 3.97% + 9.79% + 0.72%
ETM Rank #1 of 16 in Banking and PSU
Expense 0.38%
ICICI Prudential Short Term Fund
AUM
₹18,092 Crs
Current Value
Return (p.a)
+ 7.26% + 20.09% + 7.91% + 50.34% + 8.31% + 2.31% + 7.42% + 11.85% + 8.58% + 1.31% + 8.13% + 8.56% + 8.08% + 4.29% + 9.95% + 0.73%
ETM Rank #2 of 20 in Short Duration
Expense 0.45%
Axis Banking & PSU Debt Fund
AUM
₹13,656 Crs
Current Value
Return (p.a)
+ 6.04% + 16.46% + 7.09% + 44.0% + 7.57% + 2.11% + 6.18% + 9.81% + 7.66% + 1.17% + 6.91% + 7.26% + 7.15% + 3.79% + 7.63% + 0.57%
ETM Rank #2 of 16 in Banking and PSU
Expense 0.34%
Kotak Banking and PSU Debt Fund
AUM
₹5,952 Crs
Current Value
Return (p.a)
+ 6.53% + 17.92% + 7.43% + 46.58% + 8.06% + 2.24% + 6.66% + 10.6% + 7.88% + 1.21% + 7.52% + 7.9% + 7.69% + 4.08% + 10.19% + 0.75%
ETM Rank #3 of 16 in Banking and PSU
Expense 0.39%
Aditya Birla Sun Life Short Term Fund
AUM
₹7,274 Crs
Current Value
Return (p.a)
+ 6.98% + 19.24% + 7.66% + 48.42% + 8.19% + 2.27% + 6.99% + 11.13% + 8.12% + 1.24% + 7.7% + 8.1% + 7.83% + 4.15% + 9.8% + 0.72%
ETM Rank #4 of 20 in Short Duration
Expense 0.38%
HDFC Short Term Debt Fund
AUM
₹12,948 Crs
Current Value
Return (p.a)
+ 6.67% + 18.31% + 7.38% + 46.19% + 8.19% + 2.27% + 6.77% + 10.78% + 8.11% + 1.24% + 7.67% + 8.07% + 7.81% + 4.14% + 9.53% + 0.7%
ETM Rank #5 of 20 in Short Duration
Expense 0.4%
Bandhan Banking & PSU Debt Fund
AUM
₹14,208 Crs
Current Value
Return (p.a)
+ 6.21% + 16.98% + 7.18% + 44.71% + 7.63% + 2.12% + 6.26% + 9.95% + 7.9% + 1.21% + 7.06% + 7.42% + 7.17% + 3.81% + 9.15% + 0.67%
ETM Rank #5 of 16 in Banking and PSU
Expense 0.33%
Kotak Corporate Bond Fund
AUM
₹12,145 Crs
Current Value
Return (p.a)
+ 6.39% + 17.51% + 7.27% + 45.41% + 8.36% + 2.32% + 6.63% + 10.55% + 8.52% + 1.3% + 7.52% + 7.91% + 7.81% + 4.14% + 10.66% + 0.78%
ETM Rank #6 of 15 in Corporate Bond
Expense 0.34%
Nippon India Banking & PSU Debt Fund
AUM
₹5,451 Crs
Current Value
Return (p.a)
+ 6.41% + 17.56% N.A. + 7.98% + 2.22% + 6.46% + 10.27% + 7.8% + 1.2% + 7.37% + 7.75% + 7.49% + 3.98% + 10.04% + 0.74%
ETM Rank #7 of 16 in Banking and PSU
Expense 0.38%
Invesco India Corporate Bond Fund
AUM
₹3,465 Crs
Current Value
Return (p.a)
+ 6.11% + 16.66% + 6.83% + 42.1% + 8.08% + 2.24% + 6.28% + 9.97% + 7.99% + 1.22% + 7.28% + 7.66% + 7.57% + 4.02% + 9.93% + 0.73%
ETM Rank #8 of 15 in Corporate Bond
Expense 0.28%
Canara Robeco Short Duration Fund
AUM
₹392 Crs
Current Value
Return (p.a)
+ 5.83% + 15.85% + 6.67% + 40.87% + 7.6% + 2.12% + 6.08% + 9.64% + 7.77% + 1.19% + 6.96% + 7.31% + 7.18% + 3.81% + 9.06% + 0.67%
ETM Rank #8 of 20 in Short Duration
Expense 0.41%
Sundaram Banking & PSU Fund
AUM
₹346 Crs
Current Value
Return (p.a)
+ 5.56% + 15.07% + 6.29% + 38.14% + 7.77% + 2.16% + 6.08% + 9.64% + 7.91% + 1.21% + 7.09% + 7.44% + 7.31% + 3.88% + 9.67% + 0.71%
ETM Rank #10 of 16 in Banking and PSU
Expense 0.27%
Kotak Bond Short-term Fund
AUM
₹14,804 Crs
Current Value
Return (p.a)
+ 6.44% + 17.65% + 7.31% + 45.72% + 8.18% + 2.27% + 6.62% + 10.53% + 8.26% + 1.26% + 7.54% + 7.93% + 7.74% + 4.11% + 9.89% + 0.73%
ETM Rank #12 of 20 in Short Duration
Expense 0.38%
Bandhan Bond Fund Short Term Plan
AUM
₹8,649 Crs
Current Value
Return (p.a)
+ 6.15% + 16.79% + 7.0% + 43.34% + 8.08% + 2.25% + 6.41% + 10.19% + 8.39% + 1.28% + 7.42% + 7.81% + 7.69% + 4.08% + 10.78% + 0.79%
ETM Rank #17 of 20 in Short Duration
Expense 0.31%
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