Need debt mutual fund investment ideas? Geojit Financial recommends 4 schemes to invest in; check details

Don't worry analysts have recommended several funds for a long term duration investment.

Analysts from Geojit Financial have suggested the funds for long term duration between 1-4 years.

The list carried kind of category including low duration, and short duration.

Here are all the details about these funds as of August 9, 2024:

The brokerage has suggested to invest in SBI Magnum Low Duration Fund (Regular Growth).

Here are the major details of the low-duration fund:

> Minimum investment SIP amount: Rs 500
> NAV: Rs 3389.89 
> Fund Size: Rs 9803.03 crore

Low duration funds are a type of debt mutual fund that invests in low-risk with a maturity period of 6-12 months.

Geojit Financial suggests to invest in Kotak Money Market Fund (Growth)

Here are the major details of the money market fund:

> Minimum investment SIP amount: Rs 100
> NAV: Rs 4199.1381
> Fund Size: Rs 21765.03 crore

It is a type of fund that have maturity period up to one-year.

The brokerage has recommended two short duration funds: HDFC Short Term Debt Fund and Nippon India Short Term Fund.

Here are the details of Nippon India Short Term Fund:

> Minimum investment SIP amount: Rs 100
> NAV: Rs 48.983
> Fund Size: Rs 5433.56 crore

Here are the details of HDFC Short Term Debt Fund:

> Minimum investment SIP amount: Rs 
> NAV: Rs 29.736
> Fund Size: Rs 13080.16 crore
Absolute Returns (1 year): 7.85 per cent

Short duration funds are known as short-term debt funds that invest in debt and money market instruments with a maturity period between 1–3 years.