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Best Short Duration mutual funds

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

#Fund3Y CAGRAMCAUM
#1BANK OF INDIA Short Term Fund-8.7%Bank of India Investment Managers Private Limited₹260.69 Cr
#2Nippon India Fixed Maturity Plan-XLV-Series 5-8.7%Nippon Life India Asset Management Limited₹60.195 Cr
#3ICICI Prudential Short Term Fund8.4%ICICI Prudential Asset Management Company Limited₹18,540.463 Cr
#4Nippon India Fixed Maturity Plan-XLIII-Series 5-8.3%Nippon Life India Asset Management Limited₹190.259 Cr
#5Baroda BNP Paribas Short Term Fund8.2%Baroda BNP Paribas Asset Management India Private Limited₹415.88 Cr
#6Aditya Birla Sun Life Short Term Fund8.2%Aditya Birla Sun Life AMC Limited₹5,701.226 Cr
#7Axis Short Duration Fund8.1%Axis Asset Management Co. Ltd.₹7,409.226 Cr
#8Kotak FMP Series 304-8.1%Kotak Mahindra Asset Management Company Limited.₹120.773 Cr
#9Kotak Short Term Fund -(Growth)8.1%Kotak Mahindra Asset Management Company Limited.₹14,075.45 Cr
#10HDFC Short Term Fund7.9%HDFC Asset Management Company Limited₹14,072.53 Cr
#11Nippon India Fixed Maturity Plan-XLIV-Series 1-7.9%Nippon Life India Asset Management Limited₹81.264 Cr
#12Nippon India Short Term Fund7.9%Nippon Life India Asset Management Limited₹6,362.768 Cr
#13HDFC FMP 1876D March 20227.9%HDFC Asset Management Company Limited₹35.775 Cr
#14SBI Short Term Fund7.9%SBI Funds Management Limited₹13,092.732 Cr
#15HDFC FMP 1861D March 20227.8%HDFC Asset Management Company Limited₹512.111 Cr
#16Bandhan Short Term Fund7.8%Bandhan AMC Limited₹8,648.204 Cr
#17Aditya Birla Sun Life Fixed Term Plan - Series TQ (1879 days)7.8%Aditya Birla Sun Life AMC Limited₹238.832 Cr
#18Sundaram Short Term Fund7.8%Sundaram Asset Management Company Ltd₹190.49 Cr
#19UTI Short Term Fund7.7%UTI Asset Mgmt. Co. Ltd.₹1,740.659 Cr
#20DSP Short Term Fund7.7%DSP Asset Managers Private Limited₹3,400.81 Cr
#21Canara Robeco Short Term Fund7.6%Canara Robeco Asset Management Company Limited₹270.809 Cr
#22Mahindra Manulife Short Term Fund7.6%Mahindra Manulife Investment Management Pvt Ltd₹77.92 Cr
#23Invesco India Short Term Fund7.6%Invesco Asset Management (India) Private Limited₹527.78 Cr
#24JM Short Term Fund (Direct)7.4%JM Financial Asset Management Limited₹78.673 Cr
#25HSBC Short Term Fund7.4%HSBC Asset Management (India) Private Ltd.₹3,869.75 Cr
#26Groww Short Term Fund7.2%Groww Asset Management Limited₹92.909 Cr
#27TRUSTMF Short Term Fund-7.2%Trust Asset Management Private Limited₹65.26 Cr
#28Tata Short Term Bond Fund6.9%Tata Asset Management Limited₹2,884.68 Cr
#29Mirae Asset Short Term Fund6.8%Mirae Asset Investment Managers (India) Pvt. Ltd₹502.098 Cr
#30Nippon India Fixed Maturity Plan XLI - Series 86.7%Nippon Life India Asset Management Limited₹70.035 Cr
#31LIC MF Short Term Fund-6.1%LIC Mutual Fund Asset Management Limited₹120.222 Cr

Not yet ranked

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

Punji tracks 35 Short Duration Fund funds from 4 AMCs, together managing roughly ₹1,04,316.445 Cr in assets. Across the 31 funds with a full 3-year track record, the average 3-year rolling CAGR is 7.7%. BANK OF INDIA Short Term Fund- leads the category at 8.7% 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 Short Duration Fund funds below.

Short Duration Fund is one of the standardized scheme categories SEBI mandated in its 2017 product categorization circular, so every AMC's Short 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 4 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 Short 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.

Best Short Duration funds by AMC