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3 Steady Income Funds, Rated 5 Star By Value Research, Given Over 10% Annual Average Returns

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With poor returns from various fixed income products, conservative investors are increasingly investing in open-ended target debt conservative funds for steady returns. The primary rationale for investing in debt funds is to achieve consistent interest income and capital appreciation. Debt instrument issuers predetermine the interest rate you will receive as well as the maturity time.

 

Here, we have highlighted 3 such debt fund that offers steady income to their investors. Check out the details here.

Canara Robeco Conservative Hybrid Fund - Direct Plan-Growth

Canara Robeco Conservative Hybrid Fund - Direct Plan-Growth


This fund was launched on 24th April 1988 by the Canara Robeco Mutual fund. This is a conservative Hybrid fund that offers steady income on the investments. The AUM or Asset Under Management of this fund is Rs 1110.43 Crore. The NAV of this fund declared on 11th April 2022 is Rs 83.4235. The expense ratio of this fund is 0.62%, which is low compared to its category average. It is an open-ended medium-sized fund of its category. It is a moderate risky fund. 

This fund has given a 10.12% annual average return since its inception. To start investment in this fund, the minimum amount required is Rs 5000 for a lump-sum payment, whereas, for SIP it is Rs 1000. 

ICICI Prudential Regular Savings Fund - Direct Plan-Growth
 

ICICI Prudential Regular Savings Fund - Direct Plan-Growth

It is a Conservative Hybrid mutual fund scheme from ICICI Prudential Mutual Fund, launched on 30 March 2004. Fund has Rs 3,304.12 Crores worth of Asset Under Management. The NAV or Net Asset Value of this fund declared on 11th April 2022 is Rs 60.2406 Crore. The fund has an expense ratio of 0.99%, which is almost parallel to its category average. This fund is an open-ended medium-sized fund of its category. On the risk meter, it is a highly risky fund for investment. 

This fund since its inception has offered 10.93% annual average returns. For investment in this fund, the minimum amount required is Rs 5000, and for SIP, it is Rs 100.

Kotak Debt Hybrid - Direct Plan-Growth

Kotak Debt Hybrid - Direct Plan-Growth

This fund was launched on December 02, 2003, by the Kotak Mutual fund. It is also a Conservative Hybrid mutual fund like its counterpart funds mentioned above. Further, it is an open-ended medium-sized mutual fund of its category.

The Fund's Direct Plan-Growth scheme has worth Rs 1,422.05 crores of Asset Under Management. The NAV of this scheme declared on 11th April 2022 is Rs 47.5529. This scheme has a 0.47% expense ratio or cost ratio, which is low when compared to its category average.

Its performance is quite well in comparison to its peer funds. However, it comes under the moderately high risky list of funds. The Scheme aims to boost returns by investing in debt securities while keeping a suitable exposure to stocks and equity-related assets.

This fund has also offered 10.89% annual average returns since its inception. For investment in this fund, the minimum lump-sum amount required is Rs 5,000, and for SIP, it is Rs 1000. 

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.

Story first published: Tuesday, April 12, 2022, 14:54 [IST]
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