Ranchi, March 17 -- Amid high volatility in the stock market over the past six months, short-duration mutual fund schemes have yielded investors with better returns than bank fixed deposits, giving up to 7.51% returns. Over three years, these schemes have delivered returns of up to 7%. Actually, short-duration funds allow investors to invest for a shorter period. These schemes primarily invest in debt instruments, ensuring better security while offering reasonably stable returns.
Axis Short Duration Fund is one such scheme, which is an open-ended short-term debt scheme that mainly invests for one to three years. This fund follows a high-quality, low-risk strategy, ensuring stable returns. By focusing on short-duration assets and interest r...