Mutual Fund Category AMFI: 'Income/Debt Oriented Schemes - Short Term Fund', 'Debt Scheme - Short Duration Fund'

Short Term Funds

Empirical historical performance, risk metrics vs benchmark, and constituent schemes rolling return analytics.

About this Category

Overview

An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years.

Goal

These funds might give returns comparable to FDs maturing between 1 to 3 years but can have some interest rate related volatility.

Taxation

These are taxed as debt.

Questions

Compare returns of Short Term funds vs FDs of similar maturities? Where are returns higher and why?
If you consider your tax rate do you get positive or negative returns after adjusting for inflation?
What was impact of interest rate hike (and cut) on these funds on the day it got announced, 1 month after the announcement and 120 days after the announcement, assuming there are no further announcements.
How is volatility of these funds vs government securities maturing around 5 years?

Analyze rolling returns, drawdowns, win/loss distributions, and risk metrics for the CATEGORY-SHORT-TERM-FUNDS benchmark series. View Short Term Funds Series Details

End Amount

₹27,606.15

Initial: ₹10000 (Lumpsum)

Category CAGR

7.64%

Short Term Funds Return

Benchmark CAGR

7.77%

India GSEC 5 Year Index

Inflation Adj. CAGR

2.66%

Real Annualized Return

Alpha

0.01

Excess Return vs Benchmark

Beta

0.41

Volatility vs Benchmark

Sharpe Ratio

0.88

Risk-Adjusted Return

Sortino Ratio

1.49

Downside Risk-Adjusted Return

Short Term Funds vs Benchmark vs Inflation

Constituent Mutual Fund Schemes (25) Click column headers to sort by rolling return percentiles across 5-year and 10-year horizons.

Return statistics cached as of October 31, 2026 (cached version)

Scheme Name	2.5Th percentile return for 5 Years	Median percentile return for 5 Years	2.5Th percentile return for 10 Years	Median percentile return for 10 years
Aditya Birla Sun Life Short Term Fund - Growth - Direct Plan MF_119498	6.80%	7.85%	7.47%	8.19%
Axis Short Duration Fund - Direct Plan - Growth Option MF_120510	6.65%	7.64%	7.47%	8.00%
BANK OF INDIA Short Term Fund-Direct Plan- Growth MF_119382	0.41%	4.16%	5.74%	6.38%
Bandhan Short Term Fund - Direct Plan - Growth MF_118407	6.21%	7.23%	7.13%	7.59%
Baroda BNP Paribas Short Term Fund - Direct Plan - Growth Option MF_119400	6.40%	6.97%	7.25%	7.83%
CANARA ROBECO SHORT TERM FUND - DIRECT PLAN - GROWTH OPTION MF_118320	5.86%	6.73%	6.85%	7.20%
DSP Short Term Fund - Direct Plan - Growth MF_119226	6.12%	7.10%	6.91%	7.53%
Franklin India Short Term Fund - Direct - Growth MF_154541	-	-	-	-
Groww Short Term Fund (formerly known as Indiabulls Short Term Fund) - Direct Plan - Growth Option MF_123704	5.31%	6.18%	6.54%	7.22%
HDFC Short Term Fund - Growth Option - Direct Plan MF_119016	6.53%	7.59%	7.34%	7.84%
HSBC Short Term Fund - Direct Growth MF_151067	-	-	-	-
ICICI Prudential Short Term Fund - Direct Plan - Growth Option MF_120754	7.04%	8.04%	7.74%	8.38%
Invesco India Short Term Fund - Direct Plan - Growth MF_120560	6.08%	7.03%	6.83%	7.42%
JM Short Term Fund (Direct) - Growth MF_150545	-	-	-	-
JioBlackRock Short Term Fund - Direct Plan - Growth Option MF_154079	-	-	-	-
Kotak Short Term Fund -(Growth) - Direct MF_119739	6.39%	7.52%	7.25%	7.89%
LIC MF Short Term Fund-Direct Plan-Growth MF_145954	6.02%	6.26%	-	-
Mahindra Manulife Short Term Fund - Direct Plan -Growth MF_148729	-	-	-	-
Mirae Asset Short Term Fund - Direct Plan - Growth MF_142641	6.27%	6.58%	-	-
Nippon India Short Term Fund - Direct Plan Growth Plan - Growth Option MF_118796	6.68%	7.56%	7.28%	7.87%
SBI SHORT TERM FUND - DIRECT PLAN -GROWTH MF_119816	6.25%	7.15%	7.03%	7.62%
Sundaram Short Term Fund - Direct Plan - Growth Option MF_149587	-	-	-	-
TRUSTMF Short Term Fund-Direct Plan-Growth MF_149076	-	-	-	-
Tata Short Term Bond Fund - Direct Plan - Growth Option MF_119949	5.55%	6.81%	6.43%	7.07%
UTI Short Term Fund - Direct Plan - Growth Option MF_120718	5.18%	6.07%	6.35%	6.99%