Best Short Term Fund in India 2026
Compare all 112 Short Term Fund Direct Growth funds by stability score, returns, expense ratio and risk metrics. Independent analysis by FundMatrix.
112 Funds₹1.6 Lakh Cr Category AUM0.36% Avg TER5.8% Avg 1Y Return
🛡 Top by Stability Score
1UTI Fixed Term Income Fund Series XXXVI - I (1574 Days)822UTI NIFTY SDL Plus AAA PSU Bond Apr 2026 75:25 Index Fund783Axis CRISIL-IBX AAA Bond NBFC - Jun 2027 Index Fund784Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index fund785Sundaram Short Duration Fund (Formerly Known as Principal Short Term Debt Fund)78112 funds
| Fund Name | AMC | Stability | AUM | TER | 1Y Return | Sharpe | |
|---|---|---|---|---|---|---|---|
ICICI Prudential Short Term Fund | ICICI Prudential Mutual Fund | 77High | ₹13K Cr | 0.45% | +6.63% | -0.06 | → |
ICICI Prudential Equity & Debt Fund | ICICI Prudential Mutual Fund | 69Moderate | ₹13K Cr | 1.06% | +4.79% | -0.14 | → |
Kotak Bond Short Term Plan-(Growth) - Direct | Kotak Mahindra Mutual Fund | 68Moderate | ₹13K Cr | — | +5.70% | -0.84 | → |
Sbi Short Term Debt Fund | SBI Mutual Fund | 72High | ₹11K Cr | 0.42% | +5.57% | -0.96 | → |
HDFC Short Term Debt Fund | HDFC Mutual Fund | 73High | ₹10K Cr | 0.39% | +6.05% | -0.57 | → |
ICICI Prudential All Seasons Bond Fund | ICICI Prudential Mutual Fund | 74High | ₹8K Cr | 0.63% | +5.74% | -0.42 | → |
ICICI Prudential Nifty PSU Bond Plus SDL Sep 2027 40:60 Index Fund | ICICI Prudential Mutual Fund | 68Moderate | ₹7K Cr | 0.20% | +5.97% | -0.86 | → |
Axis Short Duration Fund | Axis Mutual Fund | 73High | ₹7K Cr | 0.40% | +6.11% | -0.47 | → |
Aditya Birla Sun Life Nifty SDL Plus PSU Bond SEP 2026 60:40 Index Fund-Direct | Aditya Birla Sun Life Mutual Fund | 66Moderate | ₹6K Cr | 0.21% | +6.13% | -1.63 | → |
Bandhan Short Duration Fund | Bandhan Mutual Fund | 70Moderate | ₹5K Cr | 0.35% | +5.91% | -0.61 | → |
SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund | SBI Mutual Fund | 66Moderate | ₹5K Cr | 0.21% | +6.07% | -1.89 | → |
Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Fund | Edelweiss Mutual Fund | 64Moderate | ₹5K Cr | 0.23% | +6.69% | 0.16 | → |
Nippon India Short Duration Fund | Nippon India Mutual Fund | 73High | ₹5K Cr | 0.39% | +6.13% | -0.46 | → |
Aditya Birla Sun Life Short Term Fund | Aditya Birla Sun Life Mutual Fund | 74High | ₹5K Cr | 0.36% | +6.28% | -0.34 | → |
Axis Treasury Advantage Fund | Axis Mutual Fund | 74High | ₹4K Cr | 0.37% | +6.46% | -0.37 | → |
HSBC Short Duration Fund | HSBC Mutual Fund | 75High | ₹4K Cr | 0.32% | +5.68% | -0.84 | → |
Aditya Birla Sun Life Crisil-IBX financial Services 3 to 6 months Debt Index Fund-Direct | Aditya Birla Sun Life Mutual Fund | 75Insufficient History | ₹3K Cr | 0.14% | +7.07% | 0.88 | → |
DSP Short Term Fund | DSP Mutual Fund | 71High | ₹3K Cr | 0.37% | +5.63% | -0.78 | → |
Nippon India Nifty AAA CPSE Bond Plus SDL - Apr 2027 Maturity 60:40 Index Fund | Nippon India Mutual Fund | 69Moderate | ₹2K Cr | 0.15% | +6.32% | -0.76 | → |
Tata Short Term Bond Fund | Tata Mutual Fund | 72High | ₹2K Cr | 0.37% | +5.50% | -0.97 | → |
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct | HDFC Mutual Fund | 77Insufficient History | ₹2K Cr | 0.09% | +7.30% | 1.40 | → |
Tata Treasury Advantage Fund | Tata Mutual Fund | 72High | ₹2K Cr | 0.27% | +6.52% | -0.30 | → |
UTI Short Duration Fund | UTI Mutual Fund | 73High | ₹2K Cr | 0.40% | +5.79% | -0.78 | → |
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund | Edelweiss Mutual Fund | 65Moderate | ₹2K Cr | 0.25% | +6.14% | -0.94 | → |
ICICI Prudential Bond Fund | ICICI Prudential Mutual Fund | 74High | ₹1K Cr | 0.54% | +4.61% | -0.83 | → |
Axis CRISIL-IBX AAA Bond NBFC - Jun 2027 Index Fund | Axis Mutual Fund | 78Insufficient History | ₹1K Cr | 0.15% | +6.49% | -0.24 | → |
Aditya Birla Sun Life Crisil-IBX Financial Services 9-12 Months Debt Index Fund-Direct | Aditya Birla Sun Life Mutual Fund | 67Insufficient History | ₹1K Cr | 0.16% | +6.48% | -0.36 | → |
Kotak Bond Fund | Kotak Mahindra Mutual Fund | 69Moderate | ₹1K Cr | 0.74% | +4.67% | -0.80 | → |
Axis Strategic Bond Fund | Axis Mutual Fund | 76High | ₹1K Cr | 0.71% | +6.97% | 0.20 | → |
Aditya Birla Sun Life Income Fund | Aditya Birla Sun Life Mutual Fund | 67Moderate | ₹1K Cr | 0.69% | +3.57% | -1.15 | → |
Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund | Kotak Mahindra Mutual Fund | — | ₹976 Cr | 0.12% | — | — | → |
Franklin India SHORT TERM INCOME | Franklin Templeton Mutual Fund | 54Below Average | ₹884 Cr | — | +192.10% | 1.01 | → |
HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund - Direct | HDFC Mutual Fund | — | ₹752 Cr | 0.13% | — | — | → |
Franklin India Corporate Debt Fund | Franklin Templeton Mutual Fund | 74High | ₹684 Cr | 0.26% | +6.38% | -0.29 | → |
Invesco India Short Duration Fund | Invesco Mutual Fund | 69Moderate | ₹619 Cr | 0.39% | +5.74% | -0.80 | → |
Nippon India CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | Nippon India Mutual Fund | — | ₹594 Cr | 0.12% | — | — | → |
Tata Nifty SDL Plus AAA PSU Bond Dec 6040 Index Fund | Tata Mutual Fund | 67Moderate | ₹508 Cr | — | +5.73% | -0.96 | → |
ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ICICI Prudential Mutual Fund | 71Insufficient History | ₹468 Cr | 0.09% | +7.12% | 1.01 | → |
DSP Strategic Bond Fund | DSP Mutual Fund | 64Moderate | ₹397 Cr | 0.53% | +2.96% | -1.07 | → |
IL&FS Infrastructure Debt Fund Series 2B | IL&FS Mutual Fund (IDF) | — | ₹383 Cr | — | — | — | → |
HDFC Income Fund | HDFC Mutual Fund | 65Moderate | ₹370 Cr | 0.80% | +4.21% | -0.84 | → |
Kotak Nifty SDL Plus AAA PSU Bond Jul 2028 60:40 Index Fund Direct Plan | Kotak Mahindra Mutual Fund | 70Moderate | ₹369 Cr | 0.20% | +5.62% | -0.89 | → |
Mirae Asset Short Duration Fund | Mirae Asset Mutual Fund | 72High | ₹333 Cr | 0.24% | +5.65% | -0.86 | → |
IL&FS Infrastructure Debt Fund Series 2C | IL&FS Mutual Fund (IDF) | — | ₹305 Cr | — | — | — | → |
Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | Axis Mutual Fund | — | ₹257 Cr | 0.11% | — | — | → |
HDFC Dynamic Debt Fund | HDFC Mutual Fund | 68Moderate | ₹234 Cr | 0.74% | +4.15% | -0.83 | → |
Bank Of India Mid & Small Cap Equity & Debt Fund | Bank of India Mutual Fund | 51Below Average | ₹224 Cr | 0.94% | +9.34% | 0.24 | → |
IL&FS Infrastructure Debt Fund Series 2A | IL&FS Mutual Fund (IDF) | — | ₹223 Cr | — | — | — | → |
UTI Fixed Term Income Fund - Series XXXV-I (1260 Days) | UTI Mutual Fund | 74High | ₹218 Cr | — | +6.60% | -0.15 | → |
Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | Kotak Mahindra Mutual Fund | 68Insufficient History | ₹214 Cr | 0.12% | +6.97% | 0.72 | → |
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | Nippon India Mutual Fund | — | ₹202 Cr | 0.10% | — | — | → |
Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund | Kotak Mahindra Mutual Fund | 53Insufficient History | ₹199 Cr | 0.14% | +6.12% | -0.56 | → |
JioBlackRock Short Duration Fund | Jio BlackRock Mutual Fund | — | ₹196 Cr | 0.36% | — | — | → |
Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | Bandhan Mutual Fund | 67Insufficient History | ₹196 Cr | 0.09% | +6.91% | 0.51 | → |
Nippon India Nifty AAA PSU Bond Plus SDL - Sep 2026 Maturity 50:50 Index Fund | Nippon India Mutual Fund | 75High | ₹192 Cr | 0.20% | +6.21% | -1.43 | → |
Franklin India Income Opportunities Fund | Franklin Templeton Mutual Fund | — | ₹167 Cr | 0.04% | +16.68% | 4.64 | → |
UTI Fixed Term Income Fund Series XXX-II (1107 days) | UTI Mutual Fund | — | ₹164 Cr | — | +4.32% | -8.14 | → |
BANK OF INDIA Short Term Income Fund | Bank of India Mutual Fund | 71High | ₹145 Cr | 0.54% | +5.79% | -0.80 | → |
Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index fund | Edelweiss Mutual Fund | 78High | ₹130 Cr | 0.20% | +5.62% | -0.83 | → |
Baroda BNP Paribas Short Duration Fund | Baroda BNP Paribas Mutual Fund | 71High | ₹122 Cr | 0.43% | +5.59% | -0.96 | → |
UTI Fixed Term Income Fund - Series XXXV-II (1223 Days) | UTI Mutual Fund | 74High | ₹119 Cr | 0.21% | +6.97% | 0.63 | → |
IL&FS Infrastructure Debt Fund Series 3A | IL&FS Mutual Fund (IDF) | — | ₹117 Cr | — | — | — | → |
UTI NIFTY SDL Plus AAA PSU Bond Apr 2026 75:25 Index Fund | UTI Mutual Fund | 78High | ₹114 Cr | 0.22% | +6.49% | -0.45 | → |
UTI Fixed Term Income Fund Series XXX-III (1106 days) | UTI Mutual Fund | — | ₹93 Cr | — | +13.27% | 1.51 | → |
Canara Robeco Short Duration Fund | Canara Robeco Mutual Fund | 69Moderate | ₹93 Cr | 0.37% | +5.65% | -1.19 | → |
Sundaram Short Duration Fund (Formerly Known as Principal Short Term Debt Fund) | Sundaram Mutual Fund | 78High | ₹89 Cr | 0.28% | +5.79% | -0.87 | → |
Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | Mirae Asset Mutual Fund | 71Insufficient History | ₹88 Cr | 0.09% | +6.51% | -0.32 | → |
DSP Bond Fund | DSP Mutual Fund | 72High | ₹87 Cr | 0.42% | +5.56% | -0.74 | → |
Edelweiss CRISIL IBX AAA Bond NBFC HFC Jun 2027 Index Fund | Edelweiss Mutual Fund | 71Insufficient History | ₹81 Cr | 0.13% | +6.75% | 0.07 | → |
Groww Short Term Fund (formerly known as Indiabulls Short Term Fund) | Groww Mutual Fund | 70Moderate | ₹77 Cr | 0.32% | +5.84% | -0.78 | → |
JM Short Duration Fund (Direct) | JM Financial Mutual Fund | 72High | ₹63 Cr | 0.39% | +5.57% | -1.00 | → |
UTI Fixed Term Income Fund Series XXX-I (1104 days) | UTI Mutual Fund | — | ₹62 Cr | — | +14.01% | 1.74 | → |
UTI Fixed Term Income Fund Series XXIX-VII (1135 days) | UTI Mutual Fund | — | ₹62 Cr | — | +4.45% | -8.75 | → |
UTI Fixed Term Income Fund Series XXIX-XIV (1131 days) | UTI Mutual Fund | — | ₹54 Cr | — | +4.22% | -10.91 | → |
Axis Nifty SDL September 2026 Debt Index Fund | Axis Mutual Fund | 73High | ₹52 Cr | 0.16% | +5.85% | -1.97 | → |
TRUSTMF Short Duration Fund | Trust Mutual Fund | 69Moderate | ₹51 Cr | 0.24% | +5.39% | -1.15 | → |
UTI Fixed Term Income Fund Series XXXVI - I (1574 Days) | UTI Mutual Fund | 82High | ₹48 Cr | 0.18% | +6.03% | -0.79 | → |
UTI Fixed Term Income Fund Series XXIX-XIII (1122 days) | UTI Mutual Fund | — | ₹43 Cr | — | +14.33% | 1.70 | → |
LIC MF Short Duration Fund | LIC Mutual Fund | 68Moderate | ₹41 Cr | 0.37% | +5.90% | -0.59 | → |
UTI Fixed Term Income Fund Series XXIX -I (1134 days) | UTI Mutual Fund | — | ₹38 Cr | — | +9.52% | 3.43 | → |
UTI Fixed Term Income Fund Series XXIX-VIII (1127 days) | UTI Mutual Fund | — | ₹38 Cr | — | +4.38% | -8.37 | → |
Mahindra Manulife Short Duration Fund | Mahindra Manulife Mutual Fund | 72High | ₹35 Cr | 0.33% | +6.51% | -0.18 | → |
UTI Fixed Term Income Fund Series XXIX-II ( 1118 Days) | UTI Mutual Fund | — | ₹33 Cr | — | +5.40% | -0.30 | → |
Union Short Duration Fund | Union Mutual Fund | 62Insufficient History | ₹30 Cr | 0.36% | +5.41% | -1.01 | → |
Canara Robeco Income Fund | Canara Robeco Mutual Fund | 69Moderate | ₹27 Cr | 0.78% | +3.73% | -1.50 | → |
UTI Fixed Term Income Fund Series XXIX-III (1131 days) | UTI Mutual Fund | — | ₹26 Cr | — | +8.69% | 3.47 | → |
JM Short Term Fund (Direct) | JM Financial Mutual Fund | — | ₹24 Cr | — | +4.49% | -0.42 | → |
UTI Fixed Term Income Fund Series XXIX-XV (1124 days) | UTI Mutual Fund | — | ₹23 Cr | — | +4.21% | -10.71 | → |
UTI Fixed Term Income Fund Series XXIX-XI (1112 days) | UTI Mutual Fund | — | ₹22 Cr | — | +4.60% | -7.75 | → |
Axis CRISIL-IBX AAA Bond NBFC-HFC - Jun 2027 Index Fund | Axis Mutual Fund | 71Insufficient History | ₹22 Cr | 0.59% | +6.28% | -0.53 | → |
UTI Fixed Term Income Fund - Series XXXV-III (1176 Days) | UTI Mutual Fund | 74High | ₹21 Cr | 0.19% | +6.69% | 0.05 | → |
UTI Fixed Term Income Fund Series XXIX-IX (1109 days) | UTI Mutual Fund | — | ₹21 Cr | — | +14.83% | 1.64 | → |
Nippon India Retirement Fund- Income Generation Scheme | Nippon India Mutual Fund | 62Moderate | ₹19 Cr | 0.98% | +1.88% | -0.84 | → |
UTI NIFTY SDL Plus AAA PSU Bond Apr 2028- 75:25 Index Fund | UTI Mutual Fund | 77High | ₹17 Cr | 0.21% | +5.63% | -0.86 | → |
Axis CRISIL-IBX AAA Bond Financial Services - Sep 2027 Index Fund | Axis Mutual Fund | 65Insufficient History | ₹10 Cr | 0.71% | +5.96% | -0.82 | → |
UTI Fixed Term Income Fund Series XXIX-V (1113 days) | UTI Mutual Fund | — | ₹8 Cr | — | +7.82% | 2.14 | → |
Tata Income Fund | Tata Mutual Fund | 63Insufficient History | ₹8 Cr | 1.14% | +0.99% | -2.13 | → |
UTI Fixed Term Income Fund Series XXIX-VI (1135 days) | UTI Mutual Fund | — | ₹8 Cr | — | +4.47% | -7.98 | → |
ICICI Prudential CRISIL-IBX AAA Bond Financial Services Index -Dec 2026 Fund | ICICI Prudential Mutual Fund | — | ₹8 Cr | 0.15% | — | — | → |
Franklin India Short term Income Plan- Retail Plan- Segregated Portfolio 2- 10.90% Vodafone Idea Ltd 02Sep2023 | Franklin Templeton Mutual Fund | 30Insufficient History | ₹3 Cr | — | -100.00% | 0.58 | → |
UTI Fixed Term Income Fund Series XXIX-IV (1422 days) | UTI Mutual Fund | — | ₹2 Cr | — | +4.51% | -6.95 | → |
Aditya Birla Sun Life Retirement Fund-The 50s Plus-Debt | Aditya Birla Sun Life Mutual Fund | 70Moderate | ₹2 Cr | 0.74% | +4.26% | -1.68 | → |
UTI Fixed Income Interval Fund ( Quarterly Interval Plan - III) | UTI Mutual Fund | 48Insufficient History | ₹1 Cr | — | +3.57% | -21.15 | → |
Franklin India Income Opportunities Fund- Segregated Portfolio 2- 10.90% Vodafone Idea Ltd 02Sep2023-Direct | Franklin Templeton Mutual Fund | 30Insufficient History | ₹0 Cr | — | -100.00% | 0.58 | → |
Franklin India Short-term Income Plan- Retail Plan - Segregated Portfolio 1- 8.25% Vodafone Idea Ltd-10JUL20 | Franklin Templeton Mutual Fund | — | ₹0 Cr | — | — | — | → |
Franklin India Income Opportunities Fund- Segregated Portfolio 1- 8.25% Vodafone Idea Ltd-10JUL20-Direct | Franklin Templeton Mutual Fund | — | ₹0 Cr | — | — | — | → |
UTI Fixed Income Interval Fund - Monthly Interval Plan II | UTI Mutual Fund | 54Insufficient History | ₹0 Cr | — | +2.67% | -36.12 | → |
UTI Fixed Income Interval Fund ( Half Yearly Plan - I) | UTI Mutual Fund | 49Insufficient History | ₹0 Cr | — | +2.79% | -23.96 | → |
UTI Fixed Interval Income Fund (Annual Interval Plan) Series IV | UTI Mutual Fund | — | ₹0 Cr | — | +3.45% | -22.82 | → |
UTI Fixed Income Interval Fund ( Half Yearly Plan-II) | UTI Mutual Fund | 48Insufficient History | ₹0 Cr | — | +3.02% | -29.42 | → |
ICICI Prudential Short Term Gilt Fund | ICICI Prudential Mutual Fund | — | — | — | +4.37% | -1.17 | → |
Franklin India Short Tem Income Plan - Segregated Portfolio 3 (9.50% Yes Bank Ltd CO 23Dec21) - Direct Retail Plan | Franklin Templeton Mutual Fund | — | — | — | — | — | → |
Direct Growth plans only · Data from AMFI India · Stability Score is a FundMatrix proprietary metric · Not investment advice