Types of Debt Mutual Funds

​Category of Debt Mutual Fund	​Invest in Debt instruments with maturity period of
Overnight Funds	1 Day
​Liquid Funds	Upto 91 days
Ultra Short Term Funds	3 months – 6 months
Low Duration Funds	6 months – 12 months
Money Market Funds	Upto 1 Year
Short Duration Funds	1 year – 3 years
Medium Duration Funds	3 years – 4 years
Medium to Long Duration	4 years – 7 years
Long Duration	7+ years
Dynamic Bond Fund	Invest across all durations
Corporate Bond Fund	Minimum 80% corpus in AAA rated papers only.
Credit Risk Debt Fund	Minimum 65% corpus in AAA rated papers only.
​Banking & PSU Debt Fund	Minimum 80% corpus in public undertaking and banks
Gilt Funds	Minimum 80% corpus in Government securities
Gilt Fund with 10 year constant duration	Minimum 80% corpus in Government securities but Macaulay duration should be equal to 10 years.
Floating Rate Funds	Minimum 65% corpus in Floating rate instruments