Free E-book: A Beginner’s Guide To Investing in Debt Mutual Funds

Published: March 3, 2017 at 8:17 am

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Dear Reader, This is a pdf collection of 26 posts on debt mutual funds written over the past 4 years. I enjoyed learning and writing about every bit of this fascinating space in finance – tradable fixed income. Debt mutual funds are not exactly easy to understand, but I believe they are not hard to understand at least the basics and use them intelligently to reduce the tax burden, especially after retirement. So even if you do not need a debt fund one, it is highly likely that you would need one after retirement. So now would be a good time to start understanding them.

I have only scratched the surface and avoided math. There are two important ideas not covered in the book at a technical level: Yield and duration. Hopefully soon.

This is an as-is reproduction and each chapter would feel like a blog post, because it is one. I have made no attempt to edit them. I have done my best to keep the sequencing logical. I sincerely hope it is of some use to you. Check out the four previously published e-books at



1 What is a Debt Mutual Fund?

2 What To Look For When Buying A Debt Mutual Fund?

3 Understanding Debt Mutual Fund Categories and why it is so hard to choose a debt fund!

4 Are Debt Mutual Funds an Alternative to Fixed Deposits. This chapter has two Slideshare presentations that cannot be accommodated here. Please head over here to view these.

5 How to Select Debt Mutual Funds Suitable For Your Financial Goals

6 Understanding Interest Rate Risk in Debt Mutual Funds

7 The Rate Cut in Perspective

8 Understanding Credit Rating Risk in Debt Mutual Funds

9 Debt Mutual Funds NAV Recovery after Credit Rating Downgrade

10 Debt Mutual Funds Credit Risk and Interest Rate Risk Can Co-exist

11 Poor Debt Fund Advice Match Investment Horizon With Fund Maturity Profile

12 Debt Mutual Fund Returns How to expect when you are expecting

13 Investing in debt mutual funds slow and steady wins the race

14 Dos and Donts of Debt Mutual Fund Investing

15 How to choose debt mutual funds with no credit risk and low volatility

16 How to Choose a Liquid Mutual Fund

17 Is my liquid mutual fund safe

18 Do not invest in dynamic bond funds

19 How and When To Select Ultra Short Term Debt Mutual Funds

20 Choosing Debt Mutual Funds For the Long Term

21 Should I buy Long Term Gilt Mutual Funds

22 How Floating Rate Debt Mutual Funds Reduce Interest Rate Risk

23 How to Select Mutual Fund Fixed Maturity Plans FMP

24 Introduction to Interval Income Mutual Fund Schemes

25 Smart Ways to Invest in Corporate Fixed Deposits

26 Defer taxes to power compounding.

Download the beginner’s guide to debt mutual funds

Related content: 

Are Debt Mutual Funds an Alternative to Fixed Deposits?

How to buy tax-free bonds in the secondary market

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About the Author M Pattabiraman author of freefincal.comM. Pattabiraman(PhD) is the author and owner of  He is an associate professor at the Indian Institute of Technology, Madras since Aug 2006. Pattu” as he is popularly known, has co-authored two print-books, You can be rich too with goal based investing (CNBC TV18) and Gamechanger and seven other free e-books on various topics of money management.  He is a patron and co-founder of “Fee-only India” an organisation to promote unbiased, commission-free investment advice. Pattu publishes unbiased, promotion-free research, analysis and holistic money management advice. Freefincal serves more than one million readers a year (2.5 million page views) with numbers based analysis on topical issues and has more than a 100 free calculators on different aspects of insurance and investment analysis. He conducts free money management sessions for corporates  and associations(see details below). Previous engagements include World Bank, RBI, BHEL, Asian Paints, TamilNadu Investors Association etc. Contact information: freefincal {at} Gmail {dot} com (sponsored posts or paid collaborations will not be entertained)
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  1. Thanks a lot Pattu for coming out with in Ebook on Debt mutual fund.

    I was sincerely looking out for following .

    1. Expert Guide to debt fund.
    2. Beginners Guide to Equity Mutual Fund.
    3. Expert Guide to Equity Mutual Fund.
    4. Guideline on Different categories, Sub categories of the Equity Mutual fund across whole mutual fund Industry in India since it vary from different MF houses, different web sites and different blogs.

    Thanks once again.

  2. Even certified financial planners and other mutual fund advisors do not seem to have grasped the nitty gritty of debt mutual funds as well as you have explained in this ebook, Pattu. Thanks.

    Look forward to more enlightening articles, calculators from you.

    1. Thank you. Appreciate your kind generosity. This is just the tip of the iceberg. There is so much more to learn.

  3. Hello Mr. Pattu,

    I am looking for to buy e-book for “you can be rich” but cannot find any link. As i live outside India is there a way to buy your book.

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