Debt mutual funds are a type of mutual fund that invests in fixed-income securities such as bonds, treasury bills, and commercial papers. These funds are considered to be less risky than equity mutual funds and are ideal for investors who are looking for a steady income with low risk. In this article, we will discuss the top debt mutual funds in India for steady income.

1. HDFC Short-Term Debt Fund

HDFC Short Term Debt Fund is a debt mutual fund that invests in a mix of short-term debt and money market instruments. The fund has a low-risk profile and is ideal for investors who are looking for a steady income with low volatility. The fund has consistently delivered good returns over the years and has a track record of outperforming its benchmark.

2. ICICI Prudential Corporate Bond Fund

ICICI Prudential Corporate Bond Fund is a debt mutual fund that invests in high-quality corporate bonds. The fund has a low-risk profile and is ideal for investors who are looking for a steady income with low volatility. The fund has consistently delivered good returns over the years and has a track record of outperforming its benchmark.

3. Aditya Birla Sun Life Corporate Bond Fund

Aditya Birla Sun Life Corporate Bond Fund is a debt mutual fund that invests in high-quality corporate bonds. The fund has a low-risk profile and is ideal for investors who are looking for a steady income with low volatility. The fund has consistently delivered good returns over the years and has a track record of outperforming its benchmark.

4. Franklin India Low Duration Fund

Franklin India Low Duration Fund is a debt mutual fund that invests in a mix of short-term debt and money market instruments. The fund has a low-risk profile and is ideal for investors who are looking for a steady income with low volatility. The fund has consistently delivered good returns over the years and has a track record of outperforming its benchmark.

5. Kotak Corporate Bond Fund

Kotak Corporate Bond Fund is a debt mutual fund that invests in high-quality corporate bonds. The fund has a low-risk profile and is ideal for investors who are looking for a steady income with low volatility. The fund has consistently delivered good returns over the years and has a track record of outperforming its benchmark.

6. SBI Magnum Medium Duration Fund

SBI Magnum Medium Duration Fund is a debt mutual fund that invests in a mix of medium-term debt and money market instruments. The fund has a low-risk profile and is ideal for investors who are looking for a steady income with low volatility. The fund has consistently delivered good returns over the years and has a track record of outperforming its benchmark.

7. DSP BlackRock Credit Risk Fund

DSP BlackRock Credit Risk Fund is a debt mutual fund that invests in a mix of high-quality corporate bonds and lower-rated corporate bonds. The fund has a moderate-risk profile and is ideal for investors who are looking for a steady income with moderate volatility. The fund has consistently delivered good returns over the years and has a track record of outperforming its benchmark.

8. Bandhan Bond Fund - Short-Term Plan

Bandhan Bond Fund - Short Term Plan is a debt mutual fund that invests in a mix of short-term debt and money market instruments. The fund has a low-risk profile and is ideal for investors who are looking for a steady income with low volatility. The fund has consistently delivered good returns over the years and has a track record of outperforming its benchmark.

9. UTI Bond Fund

UTI Bond Fund is a debt mutual fund that invests in a mix of high-quality corporate bonds and government securities. The fund has a low-risk profile and is ideal for investors who are looking for a steady income with low volatility. The fund has consistently delivered good returns over the years and has a track record of outperforming its benchmark.

10. L&T Triple Ace Bond Fund

L&T Triple Ace Bond Fund is a debt mutual fund that invests in a mix of high-quality corporate bonds and government securities. The fund has a low-risk profile and is ideal for investors who are looking for a steady income with low volatility. The fund has consistently delivered good returns over the years and has a track record of outperforming its benchmark.

Conclusion

Debt mutual funds are a great investment option for investors who are looking for a steady income with low risk. The above-mentioned debt mutual funds have a track record of delivering good returns over the years and are ideal for investors who are looking for a steady income with low volatility. However, it is important to note that past performance is not a guarantee of future returns and investors should do their own research before investing in any mutual fund.