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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)
+ 6.83% + 18.79% + 7.48% + 46.98% + 7.85% + 2.2% + 7.01% + 11.17% + 7.86% + 1.24% + 7.74% + 8.14% + 7.67% + 4.07% + 8.07% + 0.62%
ETM Rank Unranked
Expense 0.32%
Aditya Birla Sun Life Corporate Bond Fund
AUM
₹21,330 Crs
Current Value
Return (p.a)
+ 6.66% + 18.28% + 7.47% + 46.9% + 7.88% + 2.21% + 6.71% + 10.67% + 7.39% + 1.17% + 7.56% + 7.95% + 7.67% + 4.08% + 8.51% + 0.65%
ETM Rank Unranked
Expense 0.33%
Nippon India Short-term Fund
AUM
₹5,497 Crs
Current Value
Return (p.a)
+ 6.65% + 18.27% + 7.32% + 45.79% + 7.78% + 2.18% + 6.67% + 10.61% + 7.36% + 1.16% + 7.52% + 7.91% + 7.6% + 4.04% + 7.49% + 0.57%
ETM Rank Unranked
Expense 0.37%
HDFC Corporate Bond Fund
AUM
₹28,968 Crs
Current Value
Return (p.a)
+ 6.58% + 18.04% + 7.43% + 46.58% + 8.2% + 2.3% + 6.67% + 10.61% + 7.62% + 1.2% + 7.67% + 8.07% + 7.76% + 4.13% + 7.47% + 0.57%
ETM Rank Unranked
Expense 0.35%
Bandhan All Seasons Bond Fund
AUM
₹117 Crs
Current Value
Return (p.a)
+ 6.08% + 16.59% + 7.03% + 43.56% + 7.44% + 2.09% + 6.2% + 9.83% + 7.34% + 1.16% + 7.09% + 7.45% + 7.26% + 3.86% + 8.08% + 0.62%
ETM Rank Unranked
Expense 0.09%
Nippon India Corporate Bond Fund
AUM
₹2,893 Crs
Current Value
Return (p.a)
+ 6.77% + 18.63% + 7.28% + 45.45% + 7.98% + 2.24% + 6.91% + 11.01% + 7.35% + 1.16% + 7.66% + 8.05% + 7.66% + 4.07% + 8.12% + 0.62%
ETM Rank #1 of 15 in Corporate Bond
Expense 0.35%
Axis Short Term Fund
AUM
₹7,944 Crs
Current Value
Return (p.a)
+ 6.59% + 18.08% + 7.42% + 46.52% + 7.87% + 2.21% + 6.69% + 10.64% + 7.48% + 1.18% + 7.46% + 7.84% + 7.58% + 4.03% + 7.63% + 0.59%
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)
+ 6.34% + 17.34% + 7.34% + 45.93% + 7.37% + 2.07% + 6.39% + 10.15% + 6.92% + 1.09% + 7.16% + 7.53% + 7.23% + 3.85% + 7.37% + 0.57%
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)
+ 7.24% + 20.01% + 7.9% + 50.24% + 8.02% + 2.25% + 7.37% + 11.76% + 8.0% + 1.26% + 8.05% + 8.48% + 7.95% + 4.22% + 8.66% + 0.66%
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)
+ 6.0% + 16.36% + 7.07% + 43.87% + 7.23% + 2.03% + 6.11% + 9.69% + 7.01% + 1.11% + 6.8% + 7.14% + 6.97% + 3.71% + 6.21% + 0.48%
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)
+ 6.49% + 17.78% + 7.4% + 46.4% + 7.63% + 2.14% + 6.58% + 10.45% + 7.02% + 1.11% + 7.38% + 7.76% + 7.47% + 3.97% + 7.75% + 0.6%
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)
+ 6.95% + 19.14% + 7.65% + 48.31% + 7.88% + 2.21% + 6.93% + 11.03% + 7.54% + 1.19% + 7.62% + 8.01% + 7.69% + 4.09% + 8.27% + 0.63%
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)
+ 6.64% + 18.22% + 7.36% + 46.08% + 7.87% + 2.21% + 6.71% + 10.68% + 7.47% + 1.18% + 7.58% + 7.97% + 7.66% + 4.07% + 7.94% + 0.61%
ETM Rank #5 of 20 in Short Duration
Expense 0.37%
Bandhan Banking & PSU Debt Fund
AUM
₹14,208 Crs
Current Value
Return (p.a)
+ 6.19% + 16.91% + 7.17% + 44.61% + 7.36% + 2.07% + 6.21% + 9.85% + 7.31% + 1.15% + 6.99% + 7.34% + 7.04% + 3.74% + 7.66% + 0.59%
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)
+ 6.35% + 17.36% + 7.25% + 45.22% + 7.89% + 2.21% + 6.54% + 10.4% + 7.56% + 1.19% + 7.39% + 7.77% + 7.57% + 4.03% + 8.43% + 0.65%
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)
+ 6.37% + 17.42% N.A. + 7.51% + 2.11% + 6.38% + 10.13% + 6.82% + 1.08% + 7.24% + 7.61% + 7.26% + 3.86% + 7.38% + 0.57%
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)
+ 6.07% + 16.54% + 6.81% + 41.95% + 7.67% + 2.15% + 6.2% + 9.84% + 7.17% + 1.13% + 7.17% + 7.54% + 7.38% + 3.92% + 7.81% + 0.6%
ETM Rank #8 of 15 in Corporate Bond
Expense 0.28%
Canara Robeco Short Duration Fund
AUM
₹392 Crs
Current Value
Return (p.a)
+ 5.81% + 15.8% + 6.66% + 40.81% + 7.38% + 2.08% + 6.04% + 9.57% + 7.31% + 1.16% + 6.9% + 7.25% + 7.08% + 3.77% + 7.99% + 0.61%
ETM Rank #8 of 20 in Short Duration
Expense 0.43%
Sundaram Banking & PSU Fund
AUM
₹346 Crs
Current Value
Return (p.a)
+ 5.51% + 14.93% + 6.27% + 37.98% + 7.29% + 2.05% + 5.99% + 9.49% + 7.0% + 1.11% + 6.96% + 7.31% + 7.07% + 3.76% + 7.36% + 0.57%
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)
+ 6.41% + 17.56% + 7.3% + 45.61% + 7.88% + 2.21% + 6.56% + 10.42% + 7.64% + 1.21% + 7.45% + 7.83% + 7.59% + 4.04% + 8.38% + 0.64%
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)
+ 6.11% + 16.67% + 6.98% + 43.19% + 7.59% + 2.13% + 6.34% + 10.06% + 7.48% + 1.18% + 7.31% + 7.68% + 7.48% + 3.98% + 8.47% + 0.65%
ETM Rank #17 of 20 in Short Duration
Expense 0.31%
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