Mutual Funds Generating More Than FD Returns

Published on: Nov. 8, 2020, 9:14 a.m.| Last on Updated : Nov. 9, 2020, 4:06 a.m. UTC TIME ZONE

Summary


Every investor who invests in mutual funds has one required rate of return or minimum return expectation from the mutual fund. One of the minimum rates is the interest rate on fixed deposits.  In this article, we will list down all the funds that are generating more than the interest rate on FD. Read full article for the list.


Every investor who invests in mutual funds has one required rate of return or minimum return expectation from the mutual fund. One of the minimum rates is the interest rate on fixed deposits (FD).  In this article, we will list down all the funds that are generating more than the interest rate on FD. To do this analysis we have used rolling returns of mutual funds. We have used one-year rolling return and three-year rolling returns. Detail of data is in table 1. This analysis is done every month. Date of analysis 8 November 2020.
Table 1: Data Details
Rolling Return Start Date End Date Months
1 Year 30-November-2017 31-October-2020 36
3 Year 30-November-2015 31-October-2020 60

We have taken a weighted average of both one year and three-year rolling returns and compared it to the interest rate on fixed deposits. The interest rate on fixed deposit used in this analysis is the average interest rate of the last five years. The average interest rate on the FD rate in this period was 6.73%.  

 
Equity Funds:

Only a few equity funds have generated more return than the interest rate on FD. The list of such funds are presented in Table 2:

The interest rate on FD: 6.73%

Table 2: Equity Mutual Funds

Fund Name Fund Category Weighted Average Rolling Return 1 Year Rolling Return 3 Year Rolling Return Annualised
Mirae Asset Emerging Bluechip Fund Large & Mid Cap Fund 10.18% 6.61% 13.76%
Invesco India Growth Opportunities Fund Large & Mid Cap Fund 6.94% 1.66% 12.22%
Kotak Equity Opportunities Fund Large & Mid Cap Fund 6.96% 3.65% 10.27%
Sundaram Large and Midcap Fund Large & Mid Cap Fund 7.09% 1.72% 12.45%
Axis Long Term Equity Fund ELSS 7.55% 3.06% 12.04%
Canara Robeco Equity Taxsaver Fund ELSS 8.95% 7.35% 10.55%
Kotak Tax Saver Fund ELSS 7.18% 4.33% 10.03%
Axis Midcap Fund Mid Cap Fund 8.61% 5.14% 12.07%
Aditya Birla Sun Life India GenNext Fund Sectoral/ Thematic 6.99% 1.72% 12.27%
Mirae Asset Great Consumer Fund Sectoral/ Thematic 8.32% 2.55% 14.09%
Canara Robeco Consumer Trends Fund Sectoral/ Thematic 8.79% 4.49% 13.08%
ICICI Prudential FMCG Fund Sectoral/ Thematic 8.58% 5.07% 12.08%
Canara Robeco Equity Diversified Fund Multi-Cap Fund 8.80% 6.67% 10.93%
Kotak Standard Multicap Fund Multi-Cap Fund 7.00% 2.57% 11.43%
Parag Parikh Long Term Equity Fund Multi-Cap Fund 9.02% 5.69% 12.35%
UTI Equity Fund Multi-Cap Fund 7.35% 4.83% 9.87%
Aditya Birla Sun Life Digital India Fund Sectoral/ Thematic 11.81% 8.60% 15.02%
Franklin India Technology Fund Sectoral/ Thematic 11.00% 9.28% 12.71%
ICICI Prudential Technology Fund Sectoral/ Thematic 9.33% 5.13% 13.53%
SBI TECHNOLOGY OPPORTUNITIES FUND Sectoral/ Thematic 11.69% 10.22% 13.16%
Axis Bluechip Fund Large Cap Fund 10.27% 7.13% 13.41%
Mirae Asset Large Cap Fund Large Cap Fund 8.57% 4.55% 12.59%
Canara Robeco Bluechip Equity Fund Large Cap Fund 9.11% 6.91% 11.30%
Edelweiss Large Cap Fund Large Cap Fund 6.97% 3.48% 10.46%
Axis Focused 25 Fund Focussed Fund 8.42% 2.28% 14.56%
IIFL Focused Equity Fund Focussed Fund 9.22% 8.38% 10.06%
Principal Focused Multicap Fund Focussed Fund 6.84% 4.06% 9.63%
SBI FOCUSED EQUITY FUND Focussed Fund 7.09% 2.09% 12.09%
Sundaram Select Focus Focussed Fund 7.46% 3.00% 11.91%
Axis Small Cap Fund Small Cap Fund 6.74% 3.35% 10.12%
Aditya Birla Sun Life International Equity Fund - Plan A Sectoral/ Thematic 11.04% 10.49% 11.59%
ICICI Prudential US Bluechip Equity Fund Sectoral/ Thematic 15.34% 15.70% 14.98%
SBI MAGNUM EQUITY ESG FUND Sectoral/ Thematic 6.85% 4.18% 9.51%
Baroda Banking and Financial Services Fund Sectoral/ Thematic 6.78% 1.62% 11.93%
Invesco India Financial Services Fund Sectoral/ Thematic 7.68% -0.12% 15.48%
SBI BANKING & FINANCIAL SERVICES FUND Sectoral/ Thematic 13.09% 7.58% 18.61%
Taurus Banking & Financial Services Fund Sectoral/ Thematic 9.55% 4.77% 14.34%
Invesco India Contra Fund Contra Fund 6.78% 1.24% 12.32%
Kotak India EQ Contra Fund Contra Fund 8.19% 3.82% 12.55%
 
 
Long Term Debt Mutual Funds

Table 3 shows the list of long term debt funds that have generated more returns than the interest rate on FD of 6.73%.

Table 3: Debt Funds

Fund Name Fund Category Weighted Average Rolling Return 1 Year Rolling Return 3 Year Rolling Return Annualised
Aditya Birla Sun Life Income Fund Medium to Long Duration Fund 8.95% 10.79% 7.12%
Canara Robeco Income Fund Medium to Long Duration Fund 8.69% 10.22% 7.17%
HDFC Income Fund Medium to Long Duration Fund 7.28% 8.88% 5.68%
HSBC Debt Fund Medium to Long Duration Fund 7.92% 9.77% 6.07%
ICICI Prudential Bond Fund Medium to Long Duration Fund 9.03% 10.94% 7.12%
IDFC BOND FUND - INCOME PLAN Medium to Long Duration Fund 9.31% 11.19% 7.43%
Kotak Bond Fund Medium to Long Duration Fund 8.59% 10.58% 6.60%
Nippon India Income Fund Medium to Long Duration Fund 9.47% 11.52% 7.42%
SBI MAGNUM INCOME FUND Medium to Long Duration Fund 9.54% 11.31% 7.77%
Tata Income Fund Medium to Long Duration Fund 7.80% 9.61% 5.99%
LIC MF Bond Fund Medium to Long Duration Fund 8.23% 9.95% 6.50%
Aditya Birla Sun Life Government Securities Fund Gilt Fund 9.96% 11.47% 8.45%
Axis Gilt Fund Gilt Fund 9.59% 12.23% 6.95%
Franklin India Government Securities Fund Gilt Fund 7.12% 8.81% 5.42%
BARODA GILT FUND Gilt Fund 8.11% 9.47% 6.75%
Canara Robeco Gilt Fund Gilt Fund 8.73% 10.14% 7.32%
DSP Government Securities Fund Gilt Fund 10.42% 12.85% 7.99%
HDFC Gilt Fund Gilt Fund 8.15% 9.57% 6.73%
ICICI Prudential Gilt Fund Gilt Fund 9.78% 11.38% 8.18%
IDBI Gilt Fund Gilt Fund 6.81% 8.46% 5.17%
IDFC GSF Investment Plan Gilt Fund 11.23% 13.89% 8.57%
Invesco India Gilt Fund Gilt Fund 8.25% 9.77% 6.73%
Kotak Gilt Fund Gilt Fund 9.35% 11.01% 7.70%
Nippon India Gilt Securities Fund- Gilt Fund 10.70% 12.37% 9.03%
SBI MAGNUM GILT FUND Gilt Fund 10.49% 12.69% 8.29%
Tata Gilt Securities Fund Gilt Fund 8.25% 9.86% 6.64%
UTI Gilt Fund Gilt Fund 9.95% 11.45% 8.46%
L&T Gilt Fund Gilt Fund 8.28% 9.75% 6.80%
LIC MF Government Securities Fund Gilt Fund 9.50% 11.39% 7.60%
LIC MF Government Securities Fund Gilt Fund 9.50% 11.39% 7.60%
LIC MF Government Securities Fund Gilt Fund 9.50% 11.39% 7.60%
LIC MF Government Securities Fund Gilt Fund 9.50% 11.39% 7.60%
Aditya Birla Sun Life Money Manager Fund Money Market Fund 7.80% 8.03% 7.57%
Franklin India Savings Fund Money Market Fund 7.84% 8.04% 7.65%
DSP Savings Fund Money Market Fund 7.22% 7.53% 6.92%
HDFC Money Market Fund Money Market Fund 7.57% 7.85% 7.29%
Kotak Money Market Fund Money Market Fund 7.60% 7.79% 7.42%
Nippon India Money Market Fund Money Market Fund 7.72% 7.94% 7.50%
Quant Money Market Fund Money Market Fund 7.32% 7.41% 7.24%
SBI SAVING FUND Money Market Fund 7.21% 7.36% 7.07%
UTI Money Market Fund Money Market Fund 7.63% 7.81% 7.45%
L&T Money Market Fund Money Market Fund 7.57% 7.51% 7.62%
Axis Dynamic Bond Fund Dynamic Bond 9.69% 11.77% 7.61%
Franklin India Dynamic Accrual Fund Dynamic Bond 7.39% 6.83% 7.95%
BNP PARIBAS Flexi Debt Fund Dynamic Bond 8.14% 9.19% 7.09%
Canara Robeco Dynamic Bond Fund Dynamic Bond 7.84% 9.08% 6.60%
DSP Strategic Bond Fund Dynamic Bond 8.98% 11.14% 6.81%
HSBC Flexi Debt Fund Dynamic Bond 7.95% 9.72% 6.18%
ICICI Prudential All Seasons Bond Fund Dynamic Bond 9.19% 10.20% 8.19%
IDFC Dynamic Bond Fund Dynamic Bond 9.94% 12.10% 7.79%
IIFL Dynamic Bond Fund Dynamic Bond 7.01% 7.36% 6.66%
JM Dynamic Debt Fund Dynamic Bond 7.24% 7.17% 7.31%
Kotak Dynamic Bond Fund Dynamic Bond 9.80% 11.00% 8.61%
Nippon India Dynamic Bond Fund Dynamic Bond 8.15% 9.66% 6.65%
PGIM India Dynamic Bond Fund Dynamic Bond 9.11% 10.20% 8.02%
SBI Dynamic Asset Bond Fund Dynamic Bond 9.96% 11.92% 7.99%
Tata Dynamic Bond Fund Dynamic Bond 7.09% 8.09% 6.10%
Union Dynamic Bond Fund Dynamic Bond 8.08% 10.44% 5.73%
L&T Flexi Bond Fund Dynamic Bond 8.84% 10.12% 7.57%
Aditya Birla Sun Life Banking & PSU Debt Fund Banking and PSU Fund 9.11% 10.19% 8.03%
Axis Banking and PSU Debt Fund Banking and PSU Fund 9.35% 10.33% 8.36%
Franklin India Banking & PSU Debt Fund Banking and PSU Fund 9.46% 10.90% 8.01%
DSP Banking & PSU Debt Fund Banking and PSU Fund 8.85% 10.17% 7.53%
HDFC Banking and PSU Debt Fund Banking and PSU Fund 8.87% 10.13% 7.62%
ICICI Prudential Banking & PSU Debt Fund Banking and PSU Fund 8.51% 9.46% 7.57%
IDFC Banking & PSU Debt Fund Banking and PSU Fund 9.59% 11.23% 7.94%
Invesco India Banking & PSU Debt Fund Banking and PSU Fund 8.23% 9.27% 7.20%
Kotak Banking and PSU Debt Fund Banking and PSU Fund 9.36% 10.76% 7.96%
Nippon India Banking & PSU Debt Fund Banking and PSU Fund 9.17% 10.65% 7.70%
SBI BANKING & PSU FUND Banking and PSU Fund 8.80% 9.82% 7.79%
Sundaram Banking & PSU Debt Fund Banking and PSU Fund 8.46% 9.55% 7.37%
L&T Banking and PSU Debt Fund Banking and PSU Fund 8.40% 9.49% 7.31%
LIC MF Banking & PSU Debt Fund Banking and PSU Fund 8.67% 9.63% 7.72%
Aditya Birla Sun Life Corporate Bond Fund Corporate Bond Fund 8.99% 10.05% 7.93%
Franklin India Corporate Debt Fund Corporate Bond Fund 8.29% 8.50% 8.09%
Canara Robeco Corporate Bond Fund Corporate Bond Fund 8.12% 9.35% 6.89%
HDFC Corporate Bond Fund Corporate Bond Fund 9.26% 10.51% 8.01%
ICICI Prudential Corporate Bond Fund Corporate Bond Fund 8.66% 9.75% 7.56%
Invesco India Corporate Bond Fund Corporate Bond Fund 8.41% 10.26% 6.56%
Kotak Corporate Bond Fund Corporate Bond Fund 8.69% 9.33% 8.04%
Nippon India Prime Debt Fund Corporate Bond Fund 7.56% 7.79% 7.34%
Sundaram Corporate Bond Fund Corporate Bond Fund 9.30% 11.17% 7.44%
L&T Triple Ace Bond Fund Corporate Bond Fund 9.84% 12.82% 6.87%
Axis Strategic Bond Fund Medium Duration Fund 7.34% 7.25% 7.44%
Franklin India Income Opportunities Fund Medium Duration Fund 7.06% 6.66% 7.46%
HDFC Medium Term Debt Fund Medium Duration Fund 7.93% 8.63% 7.23%
ICICI Prudential Medium Term Bond Fund Medium Duration Fund 7.66% 8.33% 6.99%
IDFC BOND FUND - MEDIUM TERM PLAN Medium Duration Fund 8.43% 9.65% 7.22%
Indiabulls Income Fund Medium Duration Fund 8.22% 8.66% 7.78%
SBI MAGNUM MEDIUM DURATION FUND Medium Duration Fund 9.86% 11.01% 8.71%
Aditya Birla Sun Life Floating Rate Fund Floater Fund 8.24% 8.63% 7.86%
HDFC Floating Rate Debt Fund Floater Fund 8.00% 8.40% 7.59%
ICICI Prudential Floating Interest Fund Floater Fund 7.58% 7.89% 7.27%
Nippon India Floating Rate Fund Floater Fund 7.99% 8.96% 7.02%
HDFC Credit Risk Debt Fund Credit Risk Fund 7.60% 8.08% 7.12%
ICICI Prudential Credit Risk Fund Credit Risk Fund 8.23% 8.80% 7.66%
Kotak Credit Risk Fund Credit Risk Fund 7.20% 7.19% 7.22%
SBI CREDIT RISK FUND Credit Risk Fund 6.75% 6.75% 6.75%
DSP 10Y G-Sec Fund Gilt Fund with 10-year constant duration 9.73% 11.88% 7.57%
ICICI Prudential Constant Maturity Gilt Fund Gilt Fund with 10-year constant duration 11.46% 13.69% 9.22%
IDFC GSF - CONSTANT MATURITY   PLAN Gilt Fund with 10-year constant duration 12.60% 14.43% 10.77%
SBI MAGNUM CONSTANT MATURITY FUND Gilt Fund with 10-year constant duration 11.04% 12.13% 9.94%
ICICI Prudential Long Term Bond Fund Long Duration Fund 10.33% 12.07% 8.58%

 

 
 
 
 


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