Three related numbers, one idea
A debt fund reports three duration-ish figures - they move together, but answer slightly different questions:
Real comparison across 6 debt funds
CHART
Duration & Average Maturity - 6 real debt funds
Years. All three rise together, but Modified Duration is the one that directly answers 'how much does this fund's NAV move if rates move 1%.'
Funds compared: Quantum Liquid Fund - Direct Plan - Growth · Canara Robeco Medium to Long Term Fund - Direct Plan - Growth · Canara Robeco Ultra Short to Short Term Fund - Direct Plan - Growth · Canara Robeco Conservative Hybrid Fund - Direct Plan - Growth · Canara Robeco Short Term Fund - Direct Plan - Growth · Bandhan Liquid Fund - Direct Plan - Growth
WHAT THIS MEANS FOR YOU A liquid fund with a duration near zero barely moves when rates change - that’s the point of holding it. A long-duration fund can swing several percent in NAV on a single rate move, in either direction. Pick duration based on your own view of rates and how long you can hold, not just the highest current YTM.
METHODOLOGY All three computed from the fund’s latest disclosed portfolio, holdings-weighted. Data: July-2026 disclosure via Punji. Not investment advice.