Due to high liquidity, ease of use and higher returns, Debt and Liquid (especially the Ultra Short Term Debt) mutual funds are probably the best alternative to Fixed Deposit investments. We've listed some mutual funds here, based on CRISIL Rank. And all of them have no exit load fees (that means you can withdraw money from these funds any time, without any loss).

Note : Past performances are only indicative. You should thoroughly research before making any decision.

Debt & Liquid Funds

Fund Name Annual Returns (5y) Fund Class Exit Load
Axis Liquid Fund - Regular Plan (G) 9.0% Liquid 0.00%
SBI Premier Liquid Fund - Regular Plan (G) 9.0% Liquid 0.00%
Axis Banking Debt Fund (G) 8.9% Ultra Short Term Debt 0.00%
L&T Ultra Short Term Fund (G) 9.2% Ultra Short Term Debt 0.00%
Debt mutual funds are good alternative to long term fixed deposits.
Liquid mutual funds are good alternative to short term fixed deposits(emergency funds etc).
Risk Level : Low