The savings of the general public has become mandatory in order to help the exchequer to overcome the balance of payment of problem. When the excessive money is enrouted to the financial system, it gives a financial stability to an economy. Capital market participations are less liked by Indians. Small investors are more likely favourable towards mutual funds as they are managed by professionals. So mutual funds helps the nation by contributing to the financial system and provides returns to the various stakeholders. In this study, the performance of Tata and SBI debt mutual funds were analyzed using the secondary data collected for a period of 5 years from January 2014 to December 2018. The impact of net assets and expense ratio on the performance of debt funds were examined by using Simple Linear Regression Analysis. The intensity of competition among the funds were analyzed using Concentration Ratio and Herfindahl - Hirschman Index. The net assets and expense ratio influenced only a few debt fund performance.