Bank FD or debt funds? See which investment gave higher returns in 2024
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Investment Options
In 2024, debt mutual funds offered returns of up to 12%. SBI Bank offers the highest fixed deposit rate of 7%. Around 249 debt mutual funds provided returns of over 7% in 2024. Here are the top 10 performers of 2024 (Source: ACE MF):
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Aditya Birla SL Credit Risk Fund
Aditya Birla SL Credit Risk Fund delivered the highest annualized return of around 11.89% in 2024.
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Two Long Duration Funds
HDFC Long Duration Debt Fund and SBI Long Duration Fund offered returns of 11.70% and 11.55%, respectively, in the same period.
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Nippon India Nivesh Lakshya Fund
Nippon India Nivesh Lakshya Fund delivered a return of 11.51% during the same period.
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Axis Long Duration Fund
Axis Long Duration Fund provided a return of 11.39% in the same period.
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Bandhan G-Sec-Invest
Bandhan G-Sec-Invest, a gilt fund, delivered a return of 10.87% in the calendar year ending December 31.
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Other Two Long Duration Funds
Aditya Birla SL Long Duration Fund and UTI Long Duration Fund delivered returns of 10.76% and 10.56%, respectively, in 2024.
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Aditya Birla SL Medium Term Plan
Aditya Birla SL Medium Term Plan delivered a return of 10.49% in the same period.
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DSP Gilt Fund
DSP Gilt Fund offered a return of 10.34% during the same period.