A debt mutual fund screener for selection, tracking and learning (March 2021)

Published: March 26, 2021 at 12:24 pm

Last Updated on August 16, 2022 at 3:01 pm

This is a debt mutual fund screener for fund selection, fund portfolio tracking and learning. It also includes hybrid funds that invest in bonds. It will satisfy the requirement of investors who wish to invest in money market funds; banking and PSU funds etc. The credit quality of the bonds in the portfolio and the bond maturity profile can be tracked.

Instead of looking at average credit rating and average portfolio duration (maturity) – which can be misleading ) – the sheet lists the weights to different ratings like AAA, AA, A etc. It also divides the bonds as maturing within a year, within 3 years, within 5 years and above five years. This allows the user to get a better idea of credit risk and interest rate risk in a fund or fund category.

The file (in Excel without macros, so will open in any spreadsheet software) contains the following sheets (each has Excel data filter function enabled)

  • Fund Asset Allocation: This is relevant for hybrid funds. It lists the equity: debt mix
  • Credit Rating: The % of the portfolio in AAA, AA, A, A1, A2, A3, BBB etc. are listed.
  • Maturity profile: The % of portfolio bonds maturing within a year, within 1-3 years, within 3-5 years and above 5 years are listed.
  • Upgrades or downgrades List of bonds that have seen upgrades or downgrades  are listed (latest factsheet data compared with previous factsheet data)
  • YTM Mod duration Avg Maturity (see below)
  • Returns: This lists some trailing returns with some representative benchmarks. Please do not judge debt funds by returns!!
  • Offer 40% discounted links to our two courses: How to get people to pay for your skills (aka earn from skills) and the lectures on goal-based portfolio management

How to use the sheet

Join over 32,000 readers and get free money management solutions delivered to your inbox! Subscribe to get posts via email!
🔥Enjoy massive discounts on our robo-advisory tool & courses! 🔥

Use 1: To learn more about debt funds

  1. If you are new to debt funds, you can download the beginners’ guide to understand debt funds from our e-books page (there are six other free ebooks!)\
    • Before using the screener you need to know what modified duration stands for (a measure of interest rate risk, higher the value, higher the NAV fluctuations). Average portfolio maturity is also a measure of interest rate risk (aka duration risk). Higher this value, the higher the risk. Note this risk is present in all types of funds even if they do not take credit risk
    • Yield to maturity information is a measure of risk not reward or returns!! The higher the YTM, the higher the credit risk in the portfolio.
  2. Once you understand the basics of credit risk and internet risk, you can use the screener to learn how different fund categories invest in different types of bonds.

Use 2:To shortlist funds with good credit quality (these are broad thumb rules only, not investment advice)

  1. For this, you have to clear about your need.
  2. If your need is in 1-3 years, look for funds that predominantly invest in bonds that mature within 12 months
  3. If your need is in 5 years, look for funds that predominantly invest in bonds that mature within 12 months (conservative) or within 1-3 years
  4. If your need is in  5-10 years, look for funds that predominantly invest in bonds that mature within 1-3 years
  5. if your need is above 10 years, you can consider funds that predominantly invest in bonds that mature within 3-5 years (conservative) or above 5 years (will have interest rate risk and credit risk if non-gilt funds are used)
  6. The above steps can be used to shortlist the categories. Then you can look at the credit rating profile of the category. You can shortlist funds that have only AAA or A1 bonds or only gilts etc.
  7. Please note: the data is as per the latest factsheet. once you create a shortlist, read the scheme document to understand how much credit rating and bond duration can vary. Download past factsheets of the shortlisted funds to understand how modified duration, avg maturity and YTM of the funds in your shortlist has varied in the past relative to current data.
  8. Once you are clear about the nature of bonds the fund will invest in, associated credit risk and interest rate risks, you are ready to pick a fund from your shortlist. Please note:  debt fund investors must keep an eye on YTM, modified duration and avg maturity change in their funds from time to time.

Important Information

  1. This screener (March 2021) costs Rs. 300  and is meant for individual, personal use only.
  2. Inside, you get a discounted link to our two courses: How to get people to pay for your skills (aka earn from skills: 40% discount) and the lectures on goal-based portfolio management (39% discount)
  3. The cost is only for the March 2021 screener and only for the data in the sheet.
  4. While freefincal will do its best to publish updated screener sheets each month, it cannot guarantee the same.
  5. The file does not contain any buy or sell recommendations and only has the above-mentioned data.
  6. Disclaimer: Enough care and effort have been put in to weed out errors. However, we cannot guarantee that the sheet is free of error. Information for some funds could be missing. After creating a fund shortlist, users are advised to verify the data with the fund factsheet downloaded from the AMC site..  No part of this sheet should be treated as investment advice. We are not responsible for any losses (or gains) that may arise in your investments or investment portfolio as a result of using this sheet.
  7. The buyer will have to do their own research with regard to using the information in the spreadsheet. No recommendations or assistance is included in the sheet and will not be provided separately.
  8. We will not provide any further help or assistance in using the sheet.
  9. The sheet purchased is for personal use only should not be shared with others privately or publicly.

Click here to pay Rs. 300 and instantly download the latest debt fund screener

Are you living outside India? You can pay via this Paypal link (7 USD) and send a mail to freefincal at Gmail.

By clicking, you agree to the terms in the important information section above. 

Do share this article with your friends using the buttons below.

🔥Enjoy massive discounts on our courses, robo-advisory tool and exclusive investor circle! 🔥& join our community of 5000+ users!
Use our Robo-advisory Tool for a start-to-finish financial plan! More than 1,000 investors and advisors use this!
New Tool! => Track your mutual funds and stock investments with this Google Sheet!
We also publish monthly equity mutual funds, debt and hybrid mutual funds, index funds and ETF screeners and momentum, low-volatility stock screeners.
Follow Freefincal on Google News
Follow Freefincal on Google News
Subscribe to the freefincal Youtube Channel. Subscribe button courtesy: Vecteezy.
Subscribe to the freefincal Youtube Channel.
Follow freefincal on WhatsApp Channel
Follow freefincal on WhatsApp
Podcast: Let's Get RICH With PATTU! Every single Indian CAN grow their wealth! 
Listen to the Lets Get Rich with Pattu Podcast
Listen to the Let's Get Rich with Pattu Podcast
You can watch podcast episodes on the OfSpin Media Friends YouTube Channel.
Lets Get RICH With PATTU podcast on YouTube
Let's Get RICH With PATTU podcast on YouTube.
🔥Now Watch Let's Get Rich With Pattu தமிழில் (in Tamil)! 🔥
  • Do you have a comment about the above article? Reach out to us on Twitter: @freefincal or @pattufreefincal
  • Have a question? Subscribe to our newsletter using the form below.
  • Hit 'reply' to any email from us! We do not offer personalized investment advice. We can write a detailed article without mentioning your name if you have a generic question.

Join over 32,000 readers and get free money management solutions delivered to your inbox! Subscribe to get posts via email!

About The Author

Pattabiraman editor freefincalDr M. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. He has over ten years of experience publishing news analysis, research and financial product development. Connect with him via Twitter(X), Linkedin, or YouTube. Pattabiraman has co-authored three print books: (1) You can be rich too with goal-based investing (CNBC TV18) for DIY investors. (2) Gamechanger for young earners. (3) Chinchu Gets a Superpower! for kids. He has also written seven other free e-books on various money management topics. He is a patron and co-founder of “Fee-only India,” an organisation promoting unbiased, commission-free investment advice.
Our flagship course! Learn to manage your portfolio like a pro to achieve your goals regardless of market conditions! More than 3,000 investors and advisors are part of our exclusive community! Get clarity on how to plan for your goals and achieve the necessary corpus no matter the market condition is!! Watch the first lecture for free!  One-time payment! No recurring fees! Life-long access to videos! Reduce fear, uncertainty and doubt while investing! Learn how to plan for your goals before and after retirement with confidence.
Our new course!  Increase your income by getting people to pay for your skills! More than 700 salaried employees, entrepreneurs and financial advisors are part of our exclusive community! Learn how to get people to pay for your skills! Whether you are a professional or small business owner who wants more clients via online visibility or a salaried person wanting a side income or passive income, we will show you how to achieve this by showcasing your skills and building a community that trusts and pays you! (watch 1st lecture for free). One-time payment! No recurring fees! Life-long access to videos!   
Our new book for kids: “Chinchu Gets a Superpower!” is now available!
Both boy and girl version covers of Chinchu gets a superpower
Both the boy and girl-version covers of "Chinchu Gets a superpower".
Most investor problems can be traced to a lack of informed decision-making. We made bad decisions and money mistakes when we started earning and spent years undoing these mistakes. Why should our children go through the same pain? What is this book about? As parents, what would it be if we had to groom one ability in our children that is key not only to money management and investing but to any aspect of life? My answer: Sound Decision Making. So, in this book, we meet Chinchu, who is about to turn 10. What he wants for his birthday and how his parents plan for it, as well as teaching him several key ideas of decision-making and money management, is the narrative. What readers say!
Feedback from a young reader after reading Chinchu gets a Superpower (small version)
Feedback from a young reader after reading Chinchu gets a Superpower!
Must-read book even for adults! This is something that every parent should teach their kids right from their young age. The importance of money management and decision making based on their wants and needs. Very nicely written in simple terms. - Arun.
Buy the book: Chinchu gets a superpower for your child!
How to profit from content writing: Our new ebook is for those interested in getting side income via content writing. It is available at a 50% discount for Rs. 500 only!
Do you want to check if the market is overvalued or undervalued? Use our market valuation tool (it will work with any index!), or get the Tactical Buy/Sell timing tool!
We publish monthly mutual fund screeners and momentum, low-volatility stock screeners.
About freefincal & its content policy. Freefincal is a News Media Organization dedicated to providing original analysis, reports, reviews and insights on mutual funds, stocks, investing, retirement and personal finance developments. We do so without conflict of interest and bias. Follow us on Google News. Freefincal serves more than three million readers a year (5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified with credible and knowledgeable sources before publication. Freefincal does not publish paid articles, promotions, PR, satire or opinions without data. All opinions will be inferences backed by verifiable, reproducible evidence/data. Contact information: letters {at} freefincal {dot} com (sponsored posts or paid collaborations will not be entertained)
Connect with us on social media
Our publications

You Can Be Rich Too with Goal-Based Investing

You can be rich too with goal based investingPublished by CNBC TV18, this book is meant to help you ask the right questions and seek the correct answers, and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now.
Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want Gamechanger: Forget Start-ups, Join Corporate and Still Live the Rich Life you wantThis book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at a low cost! Get it or gift it to a young earner.

Your Ultimate Guide to Travel

Travel-Training-Kit-Cover-new This is an in-depth dive into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, and how travelling slowly is better financially and psychologically, with links to the web pages and hand-holding at every step. Get the pdf for Rs 300 (instant download)