Mutual Fund Investment: 5 Debt Mutual Funds provides 10% returns in FY24
A Mutual Fund is an investment fund that pools money from many investors or shareholders to invest in securities. A professional Fund Manager managed this pool of money. It is a foundation that pools funds from various investors with similar investing goals and invests in the same equities, money market instruments, bonds or other securities.
Mutual Fund provides access to professionally managed and diversified portfolios to individual investors. Retail Investors can benefit from the positive trends in the capital market by participating and investing. However, choosing the right mutual fund can be difficult even though investing in it has potential benefits.
Mutual funds carry huge risks but the returns investor gets are worth going for. Here we are going to talk about 5 Debt Mutual Funds that will provide 10% returns in FY24
1. DSP Credit Risk Fund
DSP Credit Risk fund is an investment that is a mix of low-rated debt securities and high-yielding returns. This credit risk fund excels in the return matrix with a return of 15.59% in FY24. Assets of Rs.195 crore are managed by this scheme.
2. DSP Strategic Bond Fund
DSP Strategic Bond Fund is a dynamic bond fund that has the flexibility of investing in bonds of any duration. This bond fund yields a 10.25% return in FY24. As of 29th February 2024, this scheme managed assets worth Rs.932 crore.
3. SBI Long Duration Fund
SBI Mutual Fund launched this SBI Long Duration Fund which is a Debt Mutual Fund Scheme. This long-duration fund gave a return of 10.34% in FY24. As per the latest available data, assets of Rs.1595 crore are managed by this scheme.
4. HDFC Long Duration Debt Fund
Similar to SBI, HDFC Long Duration Debt Fund is a Debt Mutual Fund Scheme and was launched by HDFC Mutual Fund. It is an open-ended debt scheme that invests in instruments. This gives a 10.20% return in FY 24. Approximately Rs.2400 crore of assets are managed by this scheme.
5. Nippon India Nivesh Lakshya Fund
Nippon India Mutual Fund comes under the list as one of the leading mutual fund companies in India. The fund invests mostly in debt and money market instruments. Investors can have a 10% return from this fund in FY24. Assets of Rs.7,416.86 crore are managed under this scheme.
