Debt mutual fund with 22% return! Should you invest?

Legendary batter Sachin Tendulkar took two five-wicket hauls in his 460-odd one-day internationals, but could you bank on him as a legitimate, all-condition bowler for every match? Or was it more a case of lightning doesn't strike twi... urm, thrice? Unfortunately, the same logic applies to a few of the debt funds delivering as much as 22 per cent returns at this point. You can't rely on them to sustain this performance. Why some debt fund returns are misleading The surge in the performance of a few debt funds is not down to smart fund management or a new market opportunity; it is largely the result of recoveries from past credit defaults, an event that won't repeat itself consistently, if at all. Debt funds with double-digit returns This was largely due to credit recoveries Fund name Category One-year return (per cent) One-year rank DSP Credit Risk Fund Credit risk 21.98 1/14 Aditya Birla SL Cre