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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)
+ 6.86% + 18.86% + 7.49% + 47.05% + 8.29% + 2.29% + 7.07% + 11.25% + 8.69% + 1.34% + 7.83% + 8.22% + 7.84% + 4.14% + 10.85% + 0.79%
ETM Rank Unranked
Expense 0.32%
Aditya Birla Sun Life Corporate Bond Fund
AUM
₹21,330 Crs
Current Value
Return (p.a)
+ 6.69% + 18.35% + 7.48% + 46.97% + 8.4% + 2.33% + 6.77% + 10.75% + 8.41% + 1.29% + 7.66% + 8.04% + 7.87% + 4.16% + 12.18% + 0.89%
ETM Rank Unranked
Expense 0.33%
Nippon India Short-term Fund
AUM
₹5,497 Crs
Current Value
Return (p.a)
+ 6.67% + 18.3% + 7.33% + 45.82% + 8.16% + 2.26% + 6.72% + 10.66% + 8.1% + 1.25% + 7.59% + 7.96% + 7.73% + 4.09% + 10.0% + 0.73%
ETM Rank Unranked
Expense 0.37%
HDFC Corporate Bond Fund
AUM
₹28,968 Crs
Current Value
Return (p.a)
+ 6.61% + 18.13% + 7.44% + 46.68% + 8.73% + 2.41% + 6.75% + 10.71% + 8.82% + 1.35% + 7.78% + 8.17% + 7.98% + 4.22% + 11.2% + 0.82%
ETM Rank Unranked
Expense 0.35%
Bandhan All Seasons Bond Fund
AUM
₹117 Crs
Current Value
Return (p.a)
+ 6.1% + 16.64% + 7.04% + 43.61% + 7.9% + 2.19% + 6.25% + 9.9% + 8.16% + 1.26% + 7.16% + 7.51% + 7.42% + 3.92% + 11.05% + 0.81%
ETM Rank Unranked
Expense 0.09%
Nippon India Corporate Bond Fund
AUM
₹2,893 Crs
Current Value
Return (p.a)
+ 6.82% + 18.73% + 7.3% + 45.56% + 8.58% + 2.37% + 6.99% + 11.11% + 8.55% + 1.31% + 7.77% + 8.15% + 7.89% + 4.17% + 12.11% + 0.88%
ETM Rank #1 of 15 in Corporate Bond
Expense 0.35%
Axis Short Term Fund
AUM
₹7,944 Crs
Current Value
Return (p.a)
+ 6.61% + 18.12% + 7.43% + 46.56% + 8.29% + 2.29% + 6.74% + 10.71% + 8.25% + 1.27% + 7.54% + 7.91% + 7.73% + 4.09% + 10.56% + 0.77%
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)
+ 6.37% + 17.43% + 7.36% + 46.01% + 7.9% + 2.19% + 6.46% + 10.25% + 7.99% + 1.23% + 7.27% + 7.63% + 7.44% + 3.94% + 10.96% + 0.8%
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)
+ 7.25% + 20.03% + 7.9% + 50.25% + 8.38% + 2.32% + 7.41% + 11.8% + 8.67% + 1.33% + 8.11% + 8.52% + 8.07% + 4.26% + 11.1% + 0.81%
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)
+ 6.03% + 16.42% + 7.08% + 43.94% + 7.61% + 2.11% + 6.17% + 9.77% + 7.72% + 1.19% + 6.89% + 7.22% + 7.11% + 3.76% + 8.37% + 0.62%
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)
+ 6.52% + 17.84% + 7.42% + 46.48% + 8.13% + 2.25% + 6.63% + 10.53% + 8.04% + 1.24% + 7.48% + 7.85% + 7.65% + 4.05% + 11.23% + 0.82%
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)
+ 6.96% + 19.17% + 7.66% + 48.33% + 8.24% + 2.28% + 6.97% + 11.08% + 8.18% + 1.26% + 7.68% + 8.05% + 7.8% + 4.13% + 10.74% + 0.79%
ETM Rank #4 of 20 in Short Duration
Expense 0.39%
HDFC Short Term Debt Fund
AUM
₹12,948 Crs
Current Value
Return (p.a)
+ 6.66% + 18.27% + 7.37% + 46.13% + 8.27% + 2.29% + 6.76% + 10.74% + 8.25% + 1.27% + 7.65% + 8.03% + 7.8% + 4.12% + 10.69% + 0.78%
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)
+ 6.2% + 16.93% + 7.18% + 44.64% + 7.68% + 2.13% + 6.25% + 9.9% + 7.98% + 1.23% + 7.03% + 7.37% + 7.13% + 3.78% + 9.99% + 0.73%
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)
+ 6.38% + 17.45% + 7.27% + 45.32% + 8.42% + 2.33% + 6.62% + 10.5% + 8.62% + 1.32% + 7.5% + 7.87% + 7.79% + 4.12% + 11.58% + 0.84%
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)
+ 6.4% + 17.51% N.A. + 8.08% + 2.24% + 6.45% + 10.23% + 7.97% + 1.23% + 7.36% + 7.71% + 7.48% + 3.96% + 11.33% + 0.83%
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)
+ 6.1% + 16.62% + 6.83% + 42.02% + 8.18% + 2.27% + 6.27% + 9.94% + 8.19% + 1.26% + 7.28% + 7.63% + 7.58% + 4.01% + 11.35% + 0.83%
ETM Rank #8 of 15 in Corporate Bond
Expense 0.28%
Canara Robeco Short Duration Fund
AUM
₹392 Crs
Current Value
Return (p.a)
+ 5.82% + 15.82% + 6.67% + 40.82% + 7.7% + 2.14% + 6.07% + 9.61% + 7.97% + 1.23% + 6.95% + 7.28% + 7.19% + 3.81% + 10.36% + 0.76%
ETM Rank #8 of 20 in Short Duration
Expense 0.41%
Sundaram Banking & PSU Fund
AUM
₹346 Crs
Current Value
Return (p.a)
+ 5.55% + 15.03% + 6.29% + 38.09% + 7.83% + 2.17% + 6.07% + 9.6% + 8.03% + 1.24% + 7.06% + 7.4% + 7.29% + 3.86% + 10.52% + 0.77%
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)
+ 6.43% + 17.6% + 7.31% + 45.64% + 8.26% + 2.29% + 6.61% + 10.48% + 8.36% + 1.29% + 7.53% + 7.9% + 7.73% + 4.09% + 10.8% + 0.79%
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)
+ 6.14% + 16.73% + 6.99% + 43.25% + 8.14% + 2.25% + 6.39% + 10.13% + 8.4% + 1.29% + 7.39% + 7.75% + 7.67% + 4.05% + 11.85% + 0.86%
ETM Rank #17 of 20 in Short Duration
Expense 0.31%
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