# Low Duration mutual funds compared

Source page: https://www.rudowealth.com/mutual-funds/category/low-duration-funds

Low duration funds hold bonds and money market instruments with a portfolio Macaulay duration between 6 and 12 months. (SEBI categorisation of mutual fund schemes, 6 October 2017, as amended.)

All 19 low duration funds, Direct plan, Growth option, NAV as of 2026-10-07. Every figure is worked out from each fund's own NAV.

Category averages: 3-year return +7.4% a year, 5-year return +6.7% a year (both annualised), volatility over 3 years 0.7%, expense ratio 0.18%.

| Rank | Fund | 1Y | 3Y (annualised) | 5Y (annualised) | Volatility 3Y | Worst fall 5Y | Expense ratio | Fund size |
|---|---|---|---|---|---|---|---|---|
| 1 | [Aditya Birla Sun Life Ultra Short to Short Term Fund - Growth - Direct Plan](https://www.rudowealth.com/mutual-funds/aditya-birla-sun-life-low-duration-fund-growth-direct-plan) | +6.0% | +7.4% | +6.8% | 0.7% | -0.4% | 0.42% | ₹9,727 Cr |
| 2 | [Axis Treasury Advantage Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/axis-treasury-advantage-fund-direct-plan-growth-option) | +6.2% | +7.4% | +6.7% | 0.7% | -0.4% | 0.37% | ₹4,558 Cr |
| 3 | [Mahindra Manulife Low Duration Fund - Direct Plan -Growth](https://www.rudowealth.com/mutual-funds/mahindra-manulife-low-duration-fund-direct-plan-growth) | +6.3% | +7.5% | +6.7% | 0.7% | -0.4% | 0.35% | ₹535 Cr |
| 4 | [Tata Treasury Advantage Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/tata-treasury-advantage-fund-direct-plan-growth) | +6.3% | +7.3% | +6.5% | 0.7% | -0.5% | 0.27% | ₹2,871 Cr |
| 5 | [HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Growth Plan](https://www.rudowealth.com/mutual-funds/hdfc-crisil-ibx-financial-services-3-6-months-debt-index-fund-direct-growth-plan) | +7.1% | N/A | N/A | N/A | N/A | 0.09% | ₹2,264 Cr |
| 6 | [Aditya Birla Sun Life Crisil-IBX financial Services 3 to 6 months Debt Index Fund-Direct Growth](https://www.rudowealth.com/mutual-funds/aditya-birla-sun-life-crisil-ibx-financial-services-3-to-6-months-debt-index-fund-direct-growth) | +6.9% | N/A | N/A | N/A | N/A | 0.15% | ₹2,164 Cr |
| 7 | [Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/bandhan-crisil-ibx-financial-services-3-6-months-debt-index-fund-direct-plan-growth) | +6.9% | N/A | N/A | N/A | N/A | 0.10% | ₹354 Cr |
| 8 | [ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/icici-prudential-crisil-ibx-financial-services-3-6-months-debt-index-fund-direct-plan-growth) | +6.9% | N/A | N/A | N/A | N/A | 0.11% | ₹533 Cr |
| 9 | [Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - Growth option](https://www.rudowealth.com/mutual-funds/axis-crisil-ibx-financial-services-3-6-months-debt-index-fund-direct-plan-growth-option) | +6.8% | N/A | N/A | N/A | N/A | 0.12% | ₹230 Cr |
| 10 | [Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund-Direct-Growth](https://www.rudowealth.com/mutual-funds/kotak-crisil-ibx-financial-services-3-6-months-debt-index-fund-direct-growth) | +6.7% | N/A | N/A | N/A | N/A | 0.12% | ₹270 Cr |
| 11 | [Franklin India Low Duration Fund-Direct-Growth](https://www.rudowealth.com/mutual-funds/franklin-india-low-duration-fund-direct-growth) | +6.3% | N/A | N/A | N/A | N/A | 0.27% | ₹392 Cr |
| 12 | [Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund - Direct - Growth](https://www.rudowealth.com/mutual-funds/kotak-crisil-ibx-financial-services-9-to-12-months-debt-index-fund-direct-growth) | +6.3% | N/A | N/A | N/A | N/A | 0.12% | ₹1,056 Cr |
| 13 | [Aditya Birla Sun Life Crisil-IBX Financial Services 9-12 Months Debt Index Fund-Direct Growth](https://www.rudowealth.com/mutual-funds/aditya-birla-sun-life-crisil-ibx-financial-services-9-12-months-debt-index-fund-direct-growth) | +6.2% | N/A | N/A | N/A | N/A | 0.16% | ₹1,228 Cr |
| 14 | [Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/mirae-asset-crisil-ibx-financial-services-9-12-months-debt-index-fund-direct-plan-growth) | +6.1% | N/A | N/A | N/A | N/A | 0.10% | ₹138 Cr |
| 15 | [HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund - Direct Growth Plan](https://www.rudowealth.com/mutual-funds/hdfc-crisil-ibx-financial-services-9-12-months-debt-index-fund-direct-growth-plan) | N/A | N/A | N/A | N/A | N/A | 0.13% | ₹958 Cr |
| 16 | [Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund- Direct Plan- Growth Option](https://www.rudowealth.com/mutual-funds/nippon-india-crisil-ibx-financial-services-3-6-months-debt-index-fund-direct-plan-growth-option) | N/A | N/A | N/A | N/A | N/A | 0.10% | ₹364 Cr |
| 17 | [Nippon India CRISIL-IBX Financial Services 9-12 Months Debt Index Fund -Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/nippon-india-crisil-ibx-financial-services-9-12-months-debt-index-fund-direct-plan-growth-option) | N/A | N/A | N/A | N/A | N/A | 0.12% | ₹535 Cr |
| 18 | [SBI CRISIL - IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/sbi-crisil-ibx-financial-services-3-6-months-debt-index-fund-direct-plan-growth) | N/A | N/A | N/A | N/A | N/A | 0.14% | ₹1,096 Cr |
| 19 | [SBI CRISIL - IBX Financial Services 9-12 Months Debt Index Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/sbi-crisil-ibx-financial-services-9-12-months-debt-index-fund-direct-plan-growth) | N/A | N/A | N/A | N/A | N/A | 0.13% | ₹367 Cr |

Ordered by 5-year annualised return, highest first; funds younger than 5 years follow by 3-year, then 1-year return. Volatility is the annualised standard deviation of monthly returns. Worst fall is the largest drop from a peak in the last 5 years. We do not label any fund as the best.

Investing from the UAE: NRIs can generally invest once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept residents of the United States or Canada. The UAE does not levy personal income tax, and the India UAE tax treaty may affect how gains are treated, so confirm your own position with a tax adviser.

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RuDo Wealth is a fee-only cross-border advisory operating through two separate companies. India: RuDo Wealth Investment Advisory, SEBI Registered Investment Adviser, registration INA000019503. UAE: RuDo Digital Wealth, FSRA Financial Services Permission 220155, Category 3C (Retail), ADGM. The entity permitted to serve you depends on your country of residence.

General information, not a recommendation to buy or sell any fund. Past performance does not indicate future returns.