CRISIL has released CRISIL Mutual Fund Ranking (CMFR) for the September quarter in which it has listed the top performing debt funds.
The report shows that Edelweiss Government Securities Fund and Nippon India Gilt Securities Fund were the top performing gilt funds in September quarter.
Similarly, the top performing credit risk funds category were IDFC Credit Risk Fund and Kotak Credit Risk Fund.
Among the corporate bond funds, DSP Corporate Bond Fund and IDFC Corporate Bond Fund stole the limelight. IDFC Dynamic Bond Fund and SBI Dynamic Bond Fund were the first rank holders in dynamic bond funds
CRISIL has only considered open-ended schemes in its ranking. Here are some key metrics that it has considered to arrive at the list of top performing funds: mean return and volatility, active return, portfolio concentration analysis and liquidity analysis.
|
Gilt funds |
Sep - 19 Rank - Reg
|
Sep - 19 Rank - Dir
|
Mean Return - Reg |
Mean Return - Dir |
Volatility - Reg |
Volatility - Dir |
Modified Duration |
Liquidity |
|
Weightages |
|
|
50% |
25% |
10% |
15% |
||
|
Edelweiss Government Securities Fund |
1 (1) |
1 (2) |
2 (2) |
2 (2) |
2 (2) |
2 (2) |
5 (5) |
2 (2) |
|
Nippon India Gilt Securities Fund |
1 (2) |
1 (2) |
1 (1) |
1 (1) |
3 (4) |
3 (4) |
3 (4) |
2 (3) |
|
DSP Govt Sec Fund |
2 (1) |
2 (1) |
2 (3) |
2 (2) |
3 (3) |
3 (3) |
4 (3) |
2 (1) |
|
IDFC G Sec Fund - Investment Plan |
2 (3) |
2 (3) |
1 (1) |
1 (1) |
4 (3) |
4 (3) |
3 (4) |
3 (3) |
|
UTI Gilt Fund |
2 (3) |
3 (3) |
2 (3) |
3 (3) |
2 (2) |
2 (2) |
3 (2) |
3 (4) |
|
Aditya Birla Sun Life Government Securities Fund |
3 (2) |
2 (3) |
3 (2) |
3 (2) |
4 (4) |
4 (4) |
2 (3) |
3 (2) |
|
Canara Robeco Gilt Fund |
3 (3) |
3 (3) |
4 (4) |
3 (4) |
3 (3) |
3 (3) |
3 (5) |
3 (2) |
|
L&T Gilt |
3 (3) |
3 (1) |
4 (4) |
4 (4) |
3 (3) |
3 (3) |
4 (2) |
1 (1) |
|
PGIM India Gilt Fund |
3 (2) |
3 (2) |
3 (3) |
3 (3) |
1 (1) |
1 (1) |
2 (3) |
3 (3) |
|
SBI Magnum Gilt Fund |
3 (3) |
3 (4) |
3 (2) |
2 (3) |
2 (2) |
2 (2) |
2 (4) |
4 (5) |
|
Franklin India Government Securities Fund |
4 (5) |
4 (5) |
5 (5) |
5 (5) |
5 (5) |
5 (5) |
1 (3) |
1 (3) |
|
HDFC Gilt Fund |
4 (4) |
4 (4) |
5 (5) |
5 (5) |
1 (1) |
1 (1) |
1 (1) |
5 (5) |
|
ICICI Prudential Gilt Fund |
4 (4) |
5 (5) |
3 (4) |
4 (4) |
3 (3) |
3 (3) |
3 (2) |
4 (4) |
|
Kotak Gilt - Investment |
5 (5) |
4 (4) |
3 (3) |
3 (3) |
4 (4) |
4 (4) |
4 (3) |
4 (4) |
|
Tata Gilt Securities Fund |
5 (4) |
5 (3) |
4 (3) |
4 (3) |
5 (5) |
5 (5) |
5 (1) |
5 (3) |
Credit Risk funds
|
Credit Risk funds |
Sep - 19 Rank - Reg
|
Sep - 19 Rank - Dir
|
Mean Return - Reg |
Mean Return - Dir |
Volatility - Reg |
Volatility - Dir |
Exposure to Sensitive Sector |
Company Concentration |
Asset Quality |
Modified Duration |
Liquidity |
|
Weightages |
|
|
50% |
10% |
5% |
5% |
10% |
5% |
15% |
||
|
IDFC Credit Risk Fund |
1 (1) |
1 (1) |
1 (1) |
1 (1) |
2 (2) |
2 (2) |
4 (4) |
3 (3) |
1 (1) |
5 (4) |
1 (1) |
|
Kotak Credit Risk Fund |
1 (1) |
1 (1) |
2 (2) |
1 (2) |
1 (1) |
1 (1) |
4 (3) |
1 (1) |
3 (1) |
4 (3) |
2 (2) |
|
Aditya Birla Sun Life Credit Risk Fund |
2 (2) |
2 (2) |
2 (2) |
2 (2) |
2 (2) |
2 (2) |
3 (3) |
3 (3) |
4 (4) |
3 (3) |
3 (2) |
|
HDFC Credit Risk Debt Fund |
2 (2) |
2 (2) |
2 (2) |
2 (2) |
2 (2) |
2 (2) |
3 (3) |
1 (1) |
3 (2) |
3 (4) |
3 (3) |
|
ICICI Prudential Credit Risk Fund |
2 (2) |
2 (2) |
1 (1) |
2 (1) |
1 (1) |
1 (1) |
5 (5) |
1 (1) |
3 (3) |
3 (3) |
4 (5) |
|
Mahindra Credit Risk Yojana |
2 |
2 |
3 |
2 |
2 |
2 |
3 |
1 |
2 |
4 |
3 |
|
Axis Credit Risk Fund |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
3 (2) |
1 (3) |
3 (3) |
3 (4) |
4 (4) |
|
Baroda Credit Risk Fund |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
1 (3) |
4 (4) |
2 (3) |
2 (2) |
1 (1) |
|
DSP Credit Risk Fund |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
2 (4) |
3 (1) |
3 (2) |
3 (3) |
3 (3) |
|
Franklin India Credit Risk Fund |
3 (3) |
3 (3) |
3 (2) |
3 (2) |
3 (3) |
3 (3) |
3 (3) |
1 (1) |
4 (3) |
5 (5) |
4 (3) |
|
L&T Credit Risk Fund |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
2 (2) |
3 (3) |
3 (3) |
3 (3) |
4 (4) |
|
Nippon India Credit Risk |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
3 (5) |
3 (3) |
5 (4) |
3 (3) |
5 (4) |
|
PGIM India Credit Risk Fund |
3 (4) |
3 (4) |
3 (4) |
3 (4) |
4 (4) |
4 (4) |
4 (4) |
3 (3) |
4 (5) |
3 (2) |
3 (4) |
|
SBI Credit Risk Fund |
3 (2) |
3 (2) |
2 (3) |
3 (3) |
3 (2) |
3 (2) |
3 (4) |
1 (1) |
3 (2) |
4 (4) |
3 (3) |
|
IDBI Credit Risk Fund |
4 (4) |
4 (4) |
4 (4) |
4 (4) |
4 (5) |
4 (5) |
5 (1) |
5 (5) |
4 (4) |
4 (5) |
3 (3) |
|
Invesco India Credit Risk Fund |
4 (5) |
4 (5) |
4 (5) |
4 (5) |
3 (4) |
3 (4) |
1 (2) |
4 (4) |
1 (2) |
1 (1) |
2 (2) |
|
Principal Credit Risk Fund |
4 (4) |
4 (4) |
4 (4) |
4 (4) |
4 (4) |
4 (4) |
4 (1) |
4 (4) |
2 (3) |
2 (2) |
2 (2) |
|
UTI Credit Risk Fund |
4 (3) |
4 (3) |
4 (3) |
4 (3) |
4 (3) |
4 (3) |
2 (3) |
3 (3) |
3 (3) |
2 (2) |
3 (3) |
|
BOI AXA Credit Risk |
5 (5) |
5 (5) |
5 (5) |
5 (5) |
5 (5) |
5 (5) |
1 (1) |
5 (5) |
5 (5) |
2 (3) |
5 (5) |
|
Sundaram Short Term Credit Risk Fund |
5 (4) |
5 (4) |
5 (4) |
5 (4) |
5 (4) |
5 (4) |
3 (3) |
4 (4) |
2 (4) |
1 (1) |
2 (3) |
Corporate Bond funds
|
Corporate Bond funds |
Sep - 19 Rank - Reg
|
Sep - 19 Rank - Dir
|
Mean Return - Reg |
Mean Return - Dir |
Volatility - Reg |
Volatility - Dir |
Exposure to Sensitive Sector |
Company Concentration |
Asset Quality |
Modified Duration |
Liquidity |
|
Weightages |
|
|
50% |
10% |
5% |
5% |
10% |
5% |
15% |
||
|
DSP Corporate Bond Fund |
1 |
1 |
2 |
2 |
3 |
3 |
1 |
1 |
3 |
3 |
2 |
|
IDFC Corporate Bond Fund |
1 (1) |
1 (1) |
3 (3) |
3 (3) |
1 (1) |
1 (1) |
1 (1) |
5 (4) |
3 (2) |
1 (1) |
3 (2) |
|
Kotak Corporate Bond Fund |
2 (2) |
2 (2) |
3 (3) |
3 (3) |
1 (1) |
1 (1) |
1 (5) |
1 (1) |
3 (2) |
2 (2) |
4 (3) |
|
L&T Triple Ace Bond Fund |
2 (1) |
2 (1) |
1 (1) |
1 (1) |
4 (4) |
4 (4) |
1 (1) |
1 (1) |
3 (2) |
5 (5) |
1 (1) |
|
Sundaram Corporate Bond Fund |
2 (2) |
2 (2) |
1 (2) |
2 (2) |
3 (3) |
3 (3) |
1 (1) |
1 (1) |
2 (1) |
4 (4) |
2 (2) |
|
Aditya Birla Sun Life Corporate Bond Fund |
3 (3) |
3 (3) |
3 (2) |
3 (3) |
2 (2) |
2 (2) |
1 (1) |
3 (3) |
4 (3) |
2 (3) |
4 (4) |
|
Canara Robeco Corporate Bond Fund |
3 (2) |
3 (2) |
3 (3) |
3 (2) |
3 (3) |
3 (3) |
1 (1) |
4 (3) |
3 (3) |
3 (3) |
3 (1) |
|
HDFC Corporate Bond Fund |
3 (3) |
3 (3) |
3 (1) |
3 (2) |
3 (3) |
3 (2) |
1 (3) |
1 (1) |
3 (3) |
4 (4) |
3 (3) |
|
ICICI Prudential Corporate Bond Fund |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
2 (2) |
2 (2) |
1 (3) |
1 (1) |
2 (3) |
3 (2) |
3 (3) |
|
Invesco India Corporate Bond Fund |
3 (3) |
3 (3) |
2 (3) |
1 (3) |
3 (3) |
3 (3) |
1 (1) |
1 (1) |
2 (3) |
3 (3) |
3 (2) |
|
PGIM India Premier Bond Fund |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
3 (2) |
3 (3) |
1 (4) |
4 (3) |
1 (1) |
3 (4) |
4 (3) |
|
UTI Corporate Bond Fund |
3 |
3 |
2 |
2 |
3 |
3 |
1 |
5 |
1 |
5 |
1 |
|
Axis Corporate Debt Fund |
4 (4) |
4 (4) |
4 (4) |
4 (4) |
4 (4) |
4 (4) |
1 (1) |
4 (3) |
4 (4) |
3 (3) |
3 (3) |
|
Franklin India Corporate Debt Fund |
4 (3) |
4 (3) |
4 (2) |
4 (1) |
4 (3) |
4 (3) |
5 (4) |
1 (1) |
5 (3) |
4 (5) |
5 (4) |
|
Union Corporate Bond Fund |
4 (4) |
4 (4) |
5 (4) |
5 (4) |
5 (4) |
5 (4) |
1 (1) |
1 (4) |
4 (4) |
3 (3) |
2 (3) |
|
Nippon India Prime Debt Fund |
5 (4) |
5 (4) |
4 (4) |
4 (4) |
2 (3) |
2 (3) |
5 (5) |
1 (4) |
5 (4) |
2 (2) |
5 (5) |
|
Tata Corporate Bond Fund |
5 (5) |
5 (5) |
5 (5) |
5 (5) |
5 (5) |
5 (5) |
1 (1) |
3 (5) |
3 (5) |
1 (1) |
3 (4) |
Dynamic Bond funds
|
Dynamic Bond funds |
Sep - 19 Rank - Reg
|
Sep - 19 Rank - Dir
|
Mean Return - Reg |
Mean Return - Dir |
Volatility - Reg |
Volatility - Dir |
Modified Duration |
Exposure to Sensitive Sector |
Company Concentration |
Liquidity |
Asset Quality |
|
Weightages |
|
|
50% |
10% |
5% |
5% |
5% |
7.5% |
17.5% |
||
|
IDFC Dynamic Bond Fund |
1 (2) |
1 (2) |
2 (2) |
2 (2) |
4 (4) |
4 (4) |
4 (5) |
1 (1) |
1 (4) |
1 (3) |
1 (3) |
|
SBI Dynamic Bond Fund |
1 (2) |
1 (2) |
1 (1) |
1 (1) |
3 (3) |
3 (3) |
3 (4) |
1 (1) |
5 (4) |
2 (2) |
2 (2) |
|
DSP Strategic Bond Fund |
2 (4) |
2 (4) |
2 (4) |
3 (4) |
5 (5) |
5 (5) |
5 (4) |
1 (1) |
1 (3) |
1 (3) |
2 (4) |
|
Kotak Dynamic Bond Fund |
2 (2) |
2 (2) |
1 (1) |
1 (1) |
2 (2) |
2 (2) |
2 (3) |
1 (3) |
3 (2) |
4 (3) |
3 (3) |
|
Nippon India Dynamic Bond Fund |
2 (1) |
2 (1) |
3 (3) |
3 (3) |
3 (4) |
3 (4) |
3 (4) |
1 (1) |
3 (3) |
2 (1) |
1 (1) |
|
Quantum Dynamic Bond Fund |
2 (1) |
3 (1) |
2 (2) |
3 (3) |
3 (3) |
2 (2) |
5 (3) |
1 (1) |
3 (3) |
2 (1) |
2 (1) |
|
Axis Dynamic Bond Fund |
3 (3) |
3 (3) |
2 (2) |
2 (2) |
3 (3) |
3 (3) |
2 (3) |
4 (1) |
4 (3) |
3 (3) |
4 (3) |
|
Canara Robeco Dynamic Bond Fund |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
3 (5) |
1 (1) |
5 (4) |
2 (3) |
2 (2) |
|
Franklin India Dynamic Accrual Fund |
3 (3) |
2 (3) |
3 (2) |
2 (2) |
1 (1) |
1 (1) |
1 (2) |
4 (5) |
1 (1) |
5 (5) |
4 (4) |
|
HSBC Flexi Debt Fund |
3 (3) |
3 (3) |
3 (3) |
3 (3) |
4 (3) |
4 (3) |
4 (3) |
1 (1) |
4 (4) |
3 (2) |
3 (2) |
|
IIFL Dynamic Bond Fund |
3 (4) |
3 (4) |
4 (4) |
4 (4) |
1 (1) |
1 (1) |
1 (1) |
5 (4) |
3 (1) |
5 (5) |
4 (4) |
|
L&T Flexi Bond Fund |
3 (3) |
3 (2) |
3 (3) |
2 (3) |
3 (3) |
3 (3) |
3 (3) |
1 (1) |
1 (2) |
3 (2) |
3 (3) |
|
Union Dynamic Bond Fund |
3 (2) |
3 (3) |
3 (3) |
4 (3) |
|||||||
