{"schema":1,"name":"Debt funds: every rating grade, by category","generated_at":"2026-10-08T19:05:04Z","as_of":"2026-08-31","meta":{"source":"Fund houses' monthly portfolio disclosures, every holding line, validated scheme by scheme.","notes":["Coverage: about 45 fund houses. Nippon India, Axis, Canara Robeco and a few small fund houses block automated fetching in robots.txt, UTI's files are not read, and HDFC's history is thin before 2025.","Trends use a fixed panel: the fund houses present in every month of the last four years.","Active equity = SEBI's equity categories; index funds and ETFs are left out of the active measures.","Debt categories use AMFI's 2026 names; schemes still carrying the old SEBI names are folded in (low duration = ultra short to short term, ultra short duration = ultra short term, short/medium/long duration = short/medium/long term, dynamic bond = dynamic term, floater = floating rate).","Rating buckets from the rating printed beside each holding (any agency); G-secs, state loans and T-bills are sovereign. Cash and repo = TREPS, reverse repo, cash and net receivables. Unrated or other includes REIT/InvIT and fund units.","Yield to maturity: weighted by market value over government and corporate debt instruments, as each fund house prints it."],"method_doc":"docs/methods/fund_holdings.md","unit":"% of net assets","labels":{"sovereign":"Sovereign","aaa":"AAA","a1_plus":"A1+","aa_plus":"AA+","aa":"AA","aa_minus":"AA−","a_plus":"A+","a":"A","a_minus":"A−","unrated_or_other":"Unrated or other","cash_repo":"Cash and repo"},"columns":"One column per grade: sovereign, AAA, A1+ (top short-term), AA+ to A-, BBB and below (incl. default), A1 to A4 (lower short-term grades), unrated or other, cash and repo (net of payables, so it can be negative)."},"categories":["Overnight","Liquid","Money market","Ultra short term","Ultra short to short term","Short term","Medium term","Medium to long term","Long term","Dynamic term","Corporate bond","Banking and PSU","Credit risk","Floating rate","Gilt"],"series":{"sovereign":[3.582,16.5539,13.6291,9.8391,10.9535,9.6936,17.6136,48.7928,93.1403,43.2073,15.7901,9.553,9.2493,13.1195,89.3345],"aaa":[0.0,1.8032,0.0,16.8129,46.2967,65.3448,18.2182,27.2409,0.3473,14.1205,74.9943,65.0508,11.0794,60.9015,0.0],"a1_plus":[7.0128,77.9504,85.8465,49.7895,24.7636,8.2174,2.1604,1.7069,0.0,2.4023,3.6277,17.4707,0.9335,15.1191,0.0],"aa_plus":[0.0,0.0,0.0,10.8549,5.3485,4.1728,17.2286,3.6731,0.0,15.402,0.3466,0.7312,9.9449,3.0249,0.0],"aa":[0.0,0.0472,0.0,6.115,6.4677,4.2953,19.0973,5.2796,0.0,8.1261,0.0613,0.114,31.5013,3.7448,0.0],"aa_minus":[0.0,0.0,0.0,1.7806,0.241,0.0,9.0838,1.3965,0.0,2.6531,0.0,0.0,17.4947,0.0,0.0],"a_plus":[0.0,0.0,0.0,0.0,0.0,0.0,2.4667,0.0,0.0,0.6359,0.0,0.0,4.3306,0.0,0.0],"a":[0.0,0.0,0.0,0.0,0.0,0.0,1.351,0.0,0.0,0.0,0.0,0.0,1.4714,0.0,0.0],"a_minus":[0.0,0.0,0.0,0.0,0.0,0.0,1.1022,0.0,0.0,0.0,0.0,0.0,0.464,0.0,0.0],"unrated_or_other":[0.0,0.2551,0.283,0.317,0.3841,0.4597,6.6853,1.6807,0.5791,1.8847,0.3599,0.5081,8.6118,0.3534,0.0],"cash_repo":[89.4052,3.3902,0.2414,4.4909,5.5449,7.8164,4.993,10.2295,5.9333,11.568,4.8201,6.5723,4.9191,3.7368,10.6655]}}