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.
372 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 - Direct Plan - Growth PlanGold | Credit Risk Fund | 2.87 | -13.8% | +8.75% | 56% | +8.27% | ₹1,556 Cr | 0.61% |
| 2 | Baroda BNP Paribas Credit Risk Fund -Direct-Growth OptionGold | Credit Risk Fund | 2.61 | -8.1% | +8.67% | 66% | +7.18% | ₹178 Cr | 0.82% |
| 3 | ICICI Prudential Credit Risk Fund - Direct Plan - GrowthGold | Credit Risk Fund | 2.55 | -2.9% | +8.81% | 76% | +9.19% | ₹6,320 Cr | 0.80% |
| 4 | Axis Credit Risk Fund - Direct Plan - GrowthGold | Credit Risk Fund | 2.49 | -3.5% | +7.39% | 35% | +9.15% | ₹375 Cr | 0.82% |
| 5 | SBI CREDIT RISK FUND - DIRECT PLAN -GROWTHSilver | Credit Risk Fund | 2.26 | -1.4% | +7.60% | 37% | +8.68% | ₹2,181 Cr | 0.91% |
| 6 | Aditya Birla Sun Life Credit Risk Fund - Direct Plan - GrowthPlatinum | Credit Risk Fund | 2.25 | -3.9% | +8.24% | 52% | +13.23% | ₹1,532 Cr | 0.80% |
| 7 | ICICI Prudential Floating Interest Fund - Direct Plan - GrowthPlatinum | Floater Fund | 2.23 | -1.8% | +8.30% | 71% | +7.09% | ₹8,464 Cr | 0.29% |
| 8 | Aditya Birla Sun Life Medium Term Plan - Growth - Direct PlanGold | Medium Duration Fund | 2.19 | -12.7% | +10.37% | 69% | +9.77% | ₹3,280 Cr | 0.83% |
| 9 | SBI Floating Rate Debt Fund - Direct Plan - Growth | Floater Fund | 2.14 | -0.6% | +7.23% | 41% | +6.67% | ₹685 Cr | 0.28% |
| 10 | DSP Floater Fund - Direct Plan - Growth | Floater Fund | 2.12 | -0.5% | +7.95% | 55% | +6.17% | ₹329 Cr | 0.29% |
| 11 | Aditya Birla Sun Life Floating Rate Fund-Direct Plan-GrowthGold | Floater Fund | 2.09 | -1.8% | +7.92% | 61% | +6.35% | ₹13,215 Cr | 0.25% |
| 12 | Franklin India Floating Rate Fund - Direct - GrowthSilver | Floater Fund | 1.99 | -1.3% | +7.04% | 13% | +6.57% | ₹290 Cr | 0.38% |
| 13 | WhiteOak Capital Multi Asset Allocation Fund Direct Plan GrowthGold | Multi Asset Allocation | 1.95 | -6.1% | — | — | +15.15% | ₹8,187 Cr | 0.64% |
| 14 | HDFC Floating Rate Debt Fund - Direct Plan - Growth OptionPlatinum | Floater Fund | 1.83 | -1.3% | +7.85% | 63% | +6.51% | ₹16,409 Cr | 0.27% |
| 15 | UTI Credit Risk Fund - Direct Plan - Growth OptionSilver | Credit Risk Fund | 1.83 | -34.4% | +8.06% | 46% | +7.12% | ₹253 Cr | 1.04% |
| 16 | Invesco India Credit Risk Fund - Direct Plan - GrowthSilver | Credit Risk Fund | 1.83 | -8.0% | +6.19% | 31% | +8.59% | ₹166 Cr | 0.28% |
| 17 | KOTAK FLOATING RATE FUND-DIRECT PLAN-GROWTH OPTIONGold | Floater Fund | 1.78 | -2.0% | +6.63% | 30% | +6.39% | ₹3,438 Cr | 0.24% |
| 18 | HDFC Credit Risk Debt Fund - Growth Option - Direct PlanBronze | Credit Risk Fund | 1.78 | -2.6% | +8.18% | 50% | +8.03% | ₹7,666 Cr | 1.01% |
| 19 | BANDHAN FLOATER FUND - DIRECT PLAN GROWTHGold | Floater Fund | 1.76 | -0.7% | +7.61% | 48% | +7.22% | ₹224 Cr | 0.10% |
| 20 | ICICI Prudential Medium Term Bond Fund - Direct Plan - GrowthPlatinum | Medium Duration Fund | 1.73 | -5.1% | +8.35% | 64% | +8.44% | ₹5,481 Cr | 0.73% |
| 21 | Parag Parikh Conservative Hybrid Fund - Direct Plan - GrowthGold | Conservative Hybrid Fund | 1.72 | -2.3% | +11.50% | 100% | +6.12% | ₹3,473 Cr | 0.31% |
| 22 | ICICI Prudential Short Term Fund - Direct Plan - Growth OptionPlatinum | Short Duration Fund | 1.67 | -3.4% | +8.46% | 73% | +6.80% | ₹19,260 Cr | 0.45% |
| 23 | Kotak Medium Term Fund - Direct GrowthGold | Medium Duration Fund | 1.67 | -5.2% | +7.66% | 42% | +8.40% | ₹1,915 Cr | 0.67% |
| 24 | Axis Strategic Bond Fund - Direct Plan - Growth OptionPlatinum | Medium Duration Fund | 1.64 | -7.3% | +8.50% | 65% | +7.49% | ₹2,098 Cr | 0.71% |
| 25 | Kotak Credit Risk Fund - Growth - DirectSilver | Credit Risk Fund | 1.62 | -3.9% | +8.23% | 52% | +8.48% | ₹770 Cr | 0.81% |
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.