Debt Mutual Funds

 

1. Overnight Fund: An open-ended debt scheme investing in overnight securities. The investment is in overnight securities having a maturity of 1 day.11

2. Liquid Fund: An open-ended liquid scheme whose investment is into debt and money market securities with a maturity of up to 91 days only.

3. Ultra-Short Duration Fund: An open ended ultra-short-term debt scheme investing in debt and money market instruments with average maturity of the portfolio between 3 months and 6 months.

4. Low Duration Fund: An open-ended low duration debt scheme investing in debt and money market instruments with average maturity of the portfolio between 6 months and 12 months.

5. Money Market Fund: An open-ended debt scheme investing in money market instruments having maturity up to 1 year.

6. Short Duration Fund: An open-ended short-term debt scheme investing in debt and money market instruments with average maturity of the portfolio between 1 year and 3 years.

7. Medium Duration Fund: An open-ended medium-term debt scheme investing in debt and money market instruments with average maturity of the portfolio being between 3 years

to 4 years. Portfolio with average maturity under anticipated adverse situation is 1 year to 4 years.

 

8. Medium to Long Duration Fund: An open-ended medium-term debt scheme investing in debt and money market instruments with average maturity of the portfolio between 4 years and 7 years. Portfolio with average maturity under anticipated adverse situation is 1 year to 7 years.

9. Long Duration Fund: An open-ended debt scheme investing in debt and money market instruments with average maturity of the portfolio greater than 7 years.

10. Dynamic Bond: An open-ended dynamic debt scheme investing across duration.

11. Corporate Bond Fund: An open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds. The minimum investment in corporate bonds shall be 80 percent of total assets (only in AA+ and above rated corporate bonds).

12. Credit Risk Fund: An open-ended debt scheme investing in below highest rated corporate bonds. The minimum investment in corporate bonds shall be 65 percent of total assets (only in AA (excludes AA+ rated corporate bonds) and below rated corporate bonds).

13. Banking and PSU Fund: An open-ended debt scheme predominantly investing in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds. The minimum investment in such instruments should be 80 percent of total assets.

14. Gilt Fund: An open-ended debt scheme investing in government securities across maturity. The minimum investment in G-secs is defined to be 80 percent of total assets (across maturity).

15. Gilt Fund with 10-year constant duration: An open-ended debt scheme investing in government securities having a constant maturity of 10 years. Minimum investment in G-secs is 80 percent of total assets such that the average maturity of the portfolio is equal to 10 years.

16. Floater Fund: An open-ended debt scheme predominantly investing in floating rate instruments. Minimum investment in floating rate is 65 percent of total assets.