Meet the leading funds in the debt space

Crisil has ranked ICICI Prudential Corporate Bond Fund and Nippon India Corporate Bond Fund as top corporate bond funds. Further, it assigned the second rank to Aditya Birla Sun Life Corporate Bond Fund, Axis Corporate Debt Fund and Sundaram Corporate Bond Fund.   

As against March 2023, each fund held the same rank, except Nippon India Corporate Bond Fund (it moved one spot up) and Sundaram Corporate Bond Fund (it slipped one spot down).

In the banking & PSU space, DSP Banking & PSU Debt Fund and ICICI Prudential Banking & PSU Debt Fund made it to the top. And, Franklin India Banking & PSU Debt Fund, HDFC Banking & PSU Debt Fund and UTI-Banking & PSU Debt Fund secured the second spot.

A comparison with March 2023 shows that the ranking of DSP Banking & PSU Debt Fund and Franklin India Banking & PSU Debt Fund improved by one.

Lastly, in the credit risk category, Aditya Birla Sun Life Credit Risk Fund emerged as the only top performer. Baroda BNP Paribas Credit Risk Fund and Nippon India Credit Risk Fund followed as the next-best performers. Notably, the ranking of each of these funds improved by one.  

Methodology

Crisil has ranked only open-ended schemes and has considered various parameters like mean return, volatility, portfolio concentration, liquidity, etc. “The basic criteria for inclusion in the ranking universe are three-year/one-year NAV history and AUM in excess of category cut-off limits, and complete portfolio disclosure”, said the report.

The report covers 16 corporate bond, 17 banking & PSU and 11 credit risk funds