Abstract : A mutual fund is a professional vehicle in which an individual's money is pooled over a variety of investment portfolios. Investments in mutual funds are vulnerable to market risk, and most investors avoid them because of the dangers involved. Mutual fund investing, on the other hand, has grown in popularity over time. It is an excellent investment option for people seeking great returns with minimal risk. Mutual funds offer a variety of plans from which investors can select the ones that best suit their risk profile. As a result, the study focused primarily on debt mutual funds, with the goal of examining the characteristics that influence debt performance of mutual funds. AUM, expense ratio, Ytm, modified duration, Average modified duration, and asset allocation were used to evaluate the funds’ effectiveness. Secondary data was employed in the study, and several debt fund schemes from various mutual funds, such as low duration and short term funds, were chosen for examination. As a result of the study, the ICICI Pru Low Duration Fund has outperformed all other schemes, and as a result, one should invest in this fund. Mutual funds, debt schemes, Low Duration Funds, and Short Term Funds are some of the terms used in this article.
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