Low risk mutual funds
Funds built to protect capital: very short-term debt and arbitrage. Returns are modest but steady, and money is typically available within a working day or two.
| # | Fund | |||||
|---|---|---|---|---|---|---|
| 1 |  Ultra Short Duration · 8+ yrs | ₹10,909 Cr | +7.0% | +7.6% | +7.0% | -0.2% |
| 2 | T Money Market · 13+ yrs | ₹34,504 Cr | +6.6% | +7.5% | +6.9% | -0.3% |
| 3 | T Ultra Short Duration · 7+ yrs | ₹5,449 Cr | +7.0% | +7.5% | +6.8% | -0.2% |
| 4 |  Ultra Short Duration · 13+ yrs | ₹19,634 Cr | +6.6% | +7.5% | +6.8% | -0.3% |
| 5 | I Arbitrage · 13+ yrs | ₹30,062 Cr | +6.9% | +7.5% | +7.1% | -0.4% |
| 6 | T Arbitrage · 7+ yrs | ₹22,701 Cr | +6.8% | +7.5% | +6.9% | -0.4% |
| 7 |  Arbitrage · 13+ yrs | ₹70,955 Cr | +6.8% | +7.5% | +7.0% | -0.5% |
| 8 |  Money Market · 7+ yrs | ₹19,509 Cr | +6.6% | +7.4% | +6.8% | -0.2% |
| 9 | Ultra Short Duration · 8+ yrs | ₹5,612 Cr | +6.8% | +7.4% | +6.8% | -0.2% |
| 10 | MA Ultra Short Duration · 6+ yrs | ₹1,666 Cr | +6.7% | +7.4% | +6.7% | -0.2% |
1Y/3Y/5Y are CAGR (annualised). Fund size is average AUM across all plans for June 2026. Worst fall = biggest peak-to-trough drop in the last 5 years.
How this list is built
- Liquid, money market, ultra short duration and arbitrage funds
- At least 3 years of history and ₹1,000 Cr fund size
- Ranked by 3-year CAGR, top 10 shown
- Direct Plan – Growth option only; rules run automatically on the latest AMFI data (last run 6 Oct 2026)
This is a rules-based screen, not a personal recommendation. Past returns do not predict future returns, and a fund that suits one investor may not suit another.
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Mutual fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns. NAV data: AMFI, via the open TigZig MF NAV API, as of 5 Oct 2026. Fund size: AMFI quarterly average AUM. Holdings: each AMC’s SEBI-mandated monthly portfolio disclosure. Shown for information only — not a recommendation to buy, sell or hold any scheme.