Top 15 Best Debt Funds to Invest in 2024

Debt funds invest in fixed-income bonds and securities issued by the government and companies. These fixed-income securities could be corporate bonds, treasury bills, government securities, money market instruments, etc. Debt funds are the least risky mutual funds, especially when compared to equities. These funds can give an investor the scope to deliver better returns when compared to traditional saving products. So, investors of debt funds can be assured the least volatility and steady income. Have a look at the best debt funds the market has to offer in 2024.

Aditya Birla Sun Life Medium Term Fund: The Aditya Birla Sun Life Medium Term Fund has given 13.26% annualized returns in the past three years and 8.91% in the last 5 years. The minimum amount required to invest in Aditya Birla Sun Life Medium Term Fund via lump sum is ₹1,000 and via SIP is ₹1,000.

Aditya Birla Sun Life Medium Term Plan Fund: The Aditya Birla Sun Life Medium Term Plan Fund has given 13.21% annualized returns in the past three years and 9.55% in the last 5 years. The minimum amount required to invest in Aditya Birla Sun Life Medium Term Plan Fund via lump sum is ₹1,000 and via SIP is ₹1,000.

UTI Medium to Long Duration Fund: The UTI Medium to Long Duration Fund has given 10.07% annualized returns in the past three years and 6.95% in the last 5 years. The minimum amount required to invest in UTI Medium to Long Duration Fund via lump sum is ₹500 and via SIP is ₹500.

Nippon India Strategic Debt Fund: The Nippon India Strategic Debt Fund has given 9.85% annualized returns in the past three years and 0.77% in the last 5 years. The minimum amount required to invest in Nippon India Strategic Debt Fund via lump sum is ₹5,000 and via SIP is ₹100.

HDFC Regular Savings Fund: The HDFC Regular Savings Fund has given 8.88% annualized returns in the past three years and 8.94% in the last 5 years. The minimum amount required to invest in HDFC Regular Savings Fund via lump sum is ₹5,000 and via SIP is ₹300.

ICICI Prudential Dynamic Bond Fund: The ICICI Prudential Dynamic Bond Fund has given 8.63% annualized returns in the past three years and 8.38% in the last 5 years. The minimum amount required to invest in ICICI Prudential Dynamic Bond Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Sundaram Low Duration Fund: The Sundaram Low Duration Fund has given 8.49% annualized returns in the past three years and 6.82% in the last 5 years. The minimum amount required to invest in Sundaram Low Duration Fund via lump sum is ₹1,000 and via SIP is ₹1,000.

Sundaram Short Duration Fund: The Sundaram Short Duration Fund has given 8.1% annualized returns in the past three years and 7.58% in the last 5 years. The minimum amount required to invest in Sundaram Short Duration Fund via lump sum is ₹5,000 and via SIP is ₹250.

UTI Short Duration Fund: The UTI Short Duration Fund has given 7.62% annualized returns in the past three years and 8.25% in the last 5 years. The minimum amount required to invest in UTI Short Duration Fund via lump sum is ₹500 and via SIP is ₹500.

UTI Low Duration Fund: The UTI Low Duration Fund has given 7.52% annualized returns in the past three years and 7.23% in the last 5 years. The minimum amount required to invest in UTI Low Duration Fund via lump sum is ₹500 and via SIP is ₹500.

Nippon India Ultra Short Duration Fund: The Nippon India Ultra Short Duration Fund has given 7.26% annualized returns in the past three years and 6.12% in the last 5 years. The minimum amount required to invest in Nippon India Ultra Short Duration Fund via lump sum is ₹100 and via SIP is ₹100.

Aditya Birla Sun Life Dynamic Bond Retail Fund: The Aditya Birla Sun Life Dynamic Bond Retail Fund has given 7.01% annualized returns in the past three years and 6.23% in the last 5 years. The minimum amount required to invest in Aditya Birla Sun Life Dynamic Bond Retail Fund via lump sum is ₹1,000 and via SIP is ₹1,000.

UTI Ultra Short Duration Fund: The UTI Ultra Short Duration Fund has given 6.86% annualized returns in the past three years and 6.45% in the last 5 years. The minimum amount required to invest in UTI Ultra Short Duration Fund via lump sum is ₹500 and via SIP is ₹500.

ICICI Prudential All Seasons Bond Fund: The ICICI Prudential All Seasons Bond Fund has given 6.68% annualized returns in the past three years and 8.19% in the last 5 years. The minimum amount required to invest in ICICI Prudential All Seasons Bond Fund via lump sum is ₹5,000 and via SIP is ₹100.

SBI Magnum Gilt Fund: The SBI Magnum Gilt Fund has given 6.59% annualized returns in the past three years and 7.94% in the last 5 years. The minimum amount required to invest in SBI Magnum Gilt Fund via lump sum is ₹5,000 and via SIP is ₹500.

These are the top 15 debt funds that investors can consider for their investment portfolio. It is important to note that mutual fund investments are subject to market risks, and investors should always read all scheme-related documents carefully. Invest wisely for a secure and prosperous future. Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.