Top 5 Mutual Funds That Have Given More Returns Than Fixed Deposits in Six Months
For those looking for returns higher than the usual fixed deposits in a short span of time, some debt mutual funds have been very good. In the last six months, some funds have given returns much higher than normal fixed deposit rates. Here are five such funds that have beaten fixed deposits in the last six months.
1. DSP Credit Risk Fund
The scheme gave a great return of 17.14% in the previous six months. With an expense ratio of 0.40%, the fund has remained one of the best performers of this type.
2. Aditya Birla Sun Life Credit Risk Fund
Providing a 10.47% return in the last six months, this fund has been another strong performer in the credit risk category. The scheme had an expense ratio of 0.67% in this period.
3. Aditya Birla Sun Life Medium Term Fund
This scheme earned a return of 7.76% in the last six months. The investors in this fund witnessed fair but significant growth. The expense ratio of the fund was 0.86%.
4. Invesco India Credit Risk Fund
This fund gave a return of 5.86% within six months. This fund has given returns above the normal fixed deposit rate. The scheme had an expense ratio of 0.28%.
5. Bandhan US Treasury Bond 0-1 Year FoF
The scheme delivered a return of 5.50% in the last six months. With an expense ratio as low as 0.12%, the fund was still an inexpensive choice for those looking for short-term stability.
Conclusion
For those who are interested in optimizing returns within a short time period, these mutual funds have been better than fixed deposits over the past six months. Although they have the potential to earn more, investors must look at their risk appetite and investment goals prior to making a decision.
