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Best Low Duration mutual funds

25 funds in this category, ranked by 3-year rolling CAGR.

#Fund3Y CAGRAMCAUM
#1HSBC Ultra Short to Short Term Fund8.0%HSBC Asset Management (India) Private Ltd.₹824.71 Cr
#2Aditya Birla Sun Life Ultra Short to Short Term Fund8.0%Aditya Birla Sun Life AMC Limited₹9,166.207 Cr
#3ICICI Prudential Ultra Short to Short Term Fund7.8%ICICI Prudential Asset Management Company Limited₹17,435.758 Cr
#4Kotak Ultra Short to Short Term Fund-7.8%Kotak Mahindra Asset Management Company Limited.₹12,820.525 Cr
#5HDFC Ultra Short to Short Term Fund7.7%HDFC Asset Management Company Limited₹15,473.517 Cr
#6Axis Treasury Advantage Fund7.7%Axis Asset Management Co. Ltd.₹4,766.986 Cr
#7BARODA BNP PARIBAS Ultra Short to Short Term Fund7.6%Baroda BNP Paribas Asset Management India Private Limited₹371 Cr
#8Invesco India Ultra Short to Short Term Fund7.5%Invesco Asset Management (India) Private Limited₹1,791.29 Cr
#9SBI Ultra Short to Short Term Fund7.5%SBI Funds Management Limited₹10,888.477 Cr
#10Sundaram Ultra Short to Short Term Fund7.5%Sundaram Asset Management Company Ltd₹393.7 Cr
#11Nippon India Ultra Short to Short Term Fund7.5%Nippon Life India Asset Management Limited₹7,165.551 Cr
#12BANDHAN Ultra Short to Short Term Fund-7.4%Bandhan AMC Limited₹6,034.267 Cr
#13Canara Robeco Ultra Short To Short Term Fund7.4%Canara Robeco Asset Management Company Limited₹1,108.023 Cr
#14UTI Ultra Short to Short Term Fund7.3%UTI Asset Mgmt. Co. Ltd.₹2,391.112 Cr
#15DSP Ultra Short to Short Term Fund7.2%DSP Asset Managers Private Limited₹4,249.124 Cr
#16Mirae Asset Ultra Short to Short Term Fund7.0%Mirae Asset Investment Managers (India) Pvt. Ltd₹2,370.492 Cr
#17Mahindra Manulife Ultra Short to Short Term Fund6.9%Mahindra Manulife Investment Management Pvt Ltd₹491.16 Cr
#18JM Ultra Short to Short Term Fund (Direct)6.6%JM Financial Asset Management Limited₹242.32 Cr
#19LIC MF Ultra Short to Short Term Fund-6.5%LIC Mutual Fund Asset Management Limited₹1,819.882 Cr
#20Tata Treasury Advantage Fund6.2%Tata Asset Management Limited₹2,700.44 Cr

Not yet ranked

5 funds too recently launched for a full 3-year CAGR - listed for reference, not ranked.

Punji tracks 25 Low Duration Fund funds from 0 AMCs, together managing roughly ₹1,04,724.559 Cr in assets. Across the 20 funds with a full 3-year track record, the average 3-year rolling CAGR is 7.4%. HSBC Ultra Short to Short Term Fund leads the category at 8.0% 3Y CAGR.

Figures here are computed directly from each fund's own NAV history and AUM - not survivor-biased averages from a fact sheet - so a fund that merged, closed, or changed category drops out of the comparison rather than skewing it. Click any fund in the table for its full return history, expense ratio, holdings, and risk profile, or jump to a specific AMC's Low Duration Fund funds below.

Low Duration Fund is one of the standardized scheme categories SEBI mandated in its 2017 product categorization circular, so every AMC's Low Duration Fund fund follows the same investment-mandate rules - the same broad universe of permitted holdings, the same category-level restrictions - which is what makes a ranking across 0 different AMCs a genuine like-for-like comparison rather than an apples-to-oranges one. A fund's position here moves as new NAV data comes in or as AMCs launch or close schemes in the category, so treat it as a point-in-time snapshot, not a fixed league table.

Category alone doesn't tell you a fund's risk level or whether it's the right fit for your own time horizon - two Low Duration Fund funds can take meaningfully different approaches within the same mandate (concentration, turnover, credit quality for debt categories) and end up with very different risk profiles despite sharing a label. Use the Riskometer rating and risk metrics (Sharpe Ratio, Max Drawdown, Standard Deviation) shown on each fund's own page alongside this category-level ranking, not instead of it.