Top Performing Income Funds India - ClearTax
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Income funds belong to the category of debt funds. They predominantly invest in government bonds/securities and money market instruments like a certificate of deposit. We have covered the following in this article:
Introduction to Income Funds
Income funds are a class of debt mutual funds that invest in corporate bonds, government bonds and money market instruments. The portfolio is managed based on interest rates movements keeping in mind the creditworthiness. They are investment graded with credit quality, assuring capital preservation. It prioritises assets with higher interest rates. This generates a high dividend that is either invested or distributed to the investors.
Top 10 Fixed Maturity Plans
The table below shows the top-performing FMPS: