Like their equity counterparts, all categories of debt mutual funds also ended June in the green. Debt Liquid Plus category, Debt Floating Rate Short-term and Debt Floating Rate Long-term gave average monthly returns of 0.40 per cent each.
Liquid Plus
The best performing category in June registered a return of 0.40 per cent during the month. Its one-year and five-year category returns are 4.4 per cent and 6.15 per cent respectively. The top two performers in this category in June were Reliance Floating Rate ST and Birla Sun Life Short Term Opportunities Ret. Both these funds clocked a return of 0.5 per cent during the month.
Debt: Floating Rate
Both the categories of long-term and short-term floating rate debt funds posted returns of 0.40 per cent in June.
The Short-Term Floating Rate Funds category has given returns of 4.28 per cent over the one-year horizon and 6.71 per cent over the five-year horizon. The top two gainers in this category were Escorts Floating Rate and Canara Robeco Floating Rate ST. These funds have average assets under management (AAUM) of Rs 0.17 crore and Rs 56.29 crore respectively. Both these funds posted a monthly return of 0.45 per cent. The bottom two positions were occupied by Templeton Floating Rate ST Ret and Kotak Floater ST which registered returns of 0.34 per cent and 0.36 per cent respectively.
The Long-Term Floating Rate Funds category has posted returns of 5 per cent over the one-year horizon and 6.78 per cent over the five-year horizon. HDFC Floating Rate Income LT and Birla Sun Life Floating Rate LT Ret with AAUMs of Rs 1,417.94 crore and Rs 233.48 crore respectively occupied the top two positions in this category. These funds clocked returns of 0.51 per cent and 0.45 per cent respectively during the month.
Debt: Ultra Short-term
The category garnered a return of 0.39 per cent in June. Its one-year return is 3.73 per cent and its five-year return is 6.32 per cent. It was the worst-performing category in May. The two best performing funds in this category in June were JP Morgan India Liquid Retail and Shinsei Liquid Retail. Both of them yielded a monthly return of 0.5 per cent. Their AAUM is Rs 5.76 crore and Rs 2.6 crore respectively.
Debt: Short and Medium-Term
The short-term debt category posted a return of 0.38 per cent. It has given a one-year return of 5.1 per cent and a five-year return of 7.49 per cent respectively. JP Morgan India Short Term Income and Tata Short-term Bond occupied the top two positions within this category with monthly returns of 0.62 per cent and 0.50 per cent respectively. Axis Short Term Retail and HSBC Income Short-term occupied the bottom two positions. Both these funds gave a return of 0.16 per cent in June.
Medium-term debt funds slightly underperformed their short-term counterparts. Their category average return for June was 0.36 per cent. Reliance Dynamic Bond and JP Morgan India Active Bond Retail were the leaders in this category. Their monthly returns were 1.21 per cent and 1.11 per cent respectively. The laggards in this category were Kotak Bond Regular and Kotak Bond Deposit. Both of them gave a return of (-) 0.36 per cent.
Gilt
The Gilt Medium and Long-Term category posted a return of 0.36 per cent in June. It was the best performer in May. This category has given a return of 2.59 per cent over the one-year horizon and 6.4 per cent over the five-year horizon. The top two gainers in this category were Religare Gilt Longer Duration Retail and DWS Gilt Reg which posted monthly returns of 6.32 per and 1.32 per cent respectively. The worst performer in this category was UTI Gilt Advantage Long-term Provident with a return of (-) 0.27 per cent.
Gilt Short-Term, the worst-performing category of the month, reported a return of 0.28 per cent. It has clocked returns of 3.03 per cent over the one-year horizon and 5.46 per cent over the five-year horizon. The best-performing funds in this category were IDFC GSF Short-term Plan A and Magnum Gilt Short-term. These funds posted returns of 0.61 per cent and 0.5 per cent respectively. The worst-performing fund was Kotak Gilt Saving with a return of (-) 0.01 per cent.
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