Lending for one to three years. Debt with a portfolio duration of one to three years. Called Short Duration until SEBI renamed the debt categories in 2026.
Ranked by three-year return; funds without that figure at the end
Ranked by three-year return, the top three are Axis Short Term Fund (+7.0% a year), HDFC Short Term Fund (+6.9% a year) and Bank of India Short Term Fund (+6.9% a year). Past returns do not tell you future returns.
| +4.4% | +7.0% | +6.1% | 1/22 | 0.92% | ₹7,393 cr | |
| +4.1% | +6.9% | +6.1% | 2/22 | 0.67% | ₹13,997 cr | |
Bank of India Short Term Fund Bank of India | +3.9% | +6.9% | +10.3% | 3/22 | 1.19% | ₹255 cr |
ICICI Prudential Short Term Fund ICICI Prudential | +4.5% | +6.9% | +6.4% | 4/22 | 1.05% | ₹18,501 cr |
Nippon India Short Term Fund Nippon India | +3.9% | +6.8% | +6.0% | 5/22 | 0.95% | ₹6,370 cr |
Aditya Birla Sun Life Short Term Fund Aditya Birla Sun Life | +4.0% | +6.8% | +6.1% | 6/22 | 0.96% | ₹5,276 cr |
Sundaram Short Term Fund Sundaram | +4.2% | +6.7% | — | 7/22 | 0.73% | ₹190 cr |
| +4.0% | +6.7% | — | 8/22 | 0.70% | ₹3,827 cr | |
Baroda BNP Paribas Short Term Fund Baroda BNP Paribas | +4.0% | +6.6% | +5.8% | 9/22 | 1.05% | ₹465 cr |
| +3.9% | +6.6% | +5.9% | 10/22 | 0.81% | ₹1,690 cr | |
| +3.7% | +6.6% | +5.8% | 11/22 | 0.88% | ₹12,984 cr | |
Mahindra Manulife Short Term Fund Mahindra Manulife | +4.0% | +6.5% | +5.6% | 12/22 | 1.24% | ₹77 cr |
| +4.1% | +6.5% | +5.7% | 13/22 | 0.74% | ₹104 cr | |
| +3.3% | +6.5% | +5.4% | 14/22 | 1.07% | ₹506 cr | |
Kotak Short Term Fund Kotak Mahindra | +3.7% | +6.4% | +5.6% | 15/22 | 1.12% | ₹13,956 cr |
| +4.3% | +6.4% | +5.1% | 16/22 | 1.06% | ₹94 cr | |
| +3.6% | +6.4% | +5.6% | 17/22 | 0.96% | ₹3,214 cr | |
| +3.7% | +6.3% | +5.2% | 18/22 | 1.14% | ₹120 cr | |
Mirae Asset Short Term Fund Mirae Asset | +3.1% | +6.2% | +5.5% | 19/22 | 1.05% | ₹502 cr |
Canara Robeco Short Term Fund Canara Robeco | +4.0% | +6.2% | +5.4% | 20/22 | 0.99% | ₹268 cr |
JM Short Term Fund JM Financial | +3.7% | +6.2% | — | 21/22 | 0.60% | ₹78 cr |
| +3.5% | +6.1% | +5.4% | 22/22 | 1.11% | ₹2,873 cr | |
Franklin India Short Term Fund Franklin Templeton | — | — | — | — | 0.96% | ₹233 cr |
JioBlackRock Short Term Fund Jio BlackRock | — | — | — | — | 1.01% | ₹113 cr |
Answered from the figures above, updated every business day
24 funds, managing ₹93,086 cr between them as of 3 Nov 2026. The largest is ICICI Prudential Short Term Fund, at ₹18,501 cr.
The average Short Term fund returned +3.9% over the last year, +6.5% a year over three years, +6.0% a year over five years. Over the last year the funds ranged from +3.1% to +4.5%. Past returns do not tell you future returns.
JM Short Term Fund, at 0.60% a year, against 0.98% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.
Axis Short Term Fund, at +7.0% a year over the last three years, against +6.5% for the average fund. Past returns do not tell you future returns.
Their volatility over the last year averaged 1.2%: the higher it is, the more the price swings from day to day. 19 of 24 carry the riskometer level Moderate, on SEBI's six-step scale from Low to Very High.
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NAV, expense ratio and fund disclosures as published by AMFI and the fund houses; prices as of 3 Nov 2026. Figures are computed independently and may differ from a fund house's own factsheet.
DiscoverMF is an information and analytics service. Nothing here is investment advice, a recommendation, or an offer to buy or sell any scheme. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past performance does not indicate future returns.