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Bond Mutual Funds offer higher returns than Bank accounts and are highly liquid in nature, which means that investors can redeem their investment at any point of time. Some of the best major benefits of investing in Bond Funds are low-cost structure, relatively higher returns, high liquidity and reasonable safety.
Bond Funds also known as Debt fund. It’s a type of Mutual Fund scheme that invests in fixed Income instruments such as government & corporate Bonds, money market instruments, corporate debt securities, etc., that offer Capital appreciation. Bond Funds are an ideal investment for average risk-averse investors who are looking for stable & regular income. These funds are less volatile and hence are less risky than Equity Funds. Moreover, Bond Funds can be a better alternative to a bank Fixed Deposit.
Following are the best Bond Funds as per the category ranking that can help you achieve your Financial goals and can help you earn better returns.
They are debt obligations issued by entities, such as corporations or governments. So, when an investor is buying bond, he is lending money to the entity for a defined tenure. In return, you get interest until the end of the tenure.
They are mutual funds or exchange-trade funds (ETFs) that invest in a Portfolio bonds. Ideally, bond funds are comprised of a certain type of bond, such as corporate or government. They are further defined by maturity, such as given below.
Some of the important benefits of these funds are:
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Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Aditya Birla Sun Life Savings Fund Growth ₹497.703
↑ 0.31 ₹12,705 1.9 3.6 7.5 5.6 7.2 8% 5M 12D 6M 4D JM Liquid Fund Growth ₹65.3032
↑ 0.01 ₹1,628 1.8 3.5 7.1 5.3 7 7.2% 21D 23D PGIM India Insta Cash Fund Growth ₹311.094
↑ 0.02 ₹376 1.8 3.5 7.1 5.3 7 7.14% 21D 23D Principal Cash Management Fund Growth ₹2,109.43
↑ 0.23 ₹5,413 1.8 3.5 7.1 5.3 7 7.28% 1M 2D 1M 2D Indiabulls Liquid Fund Growth ₹2,310.56
↑ 0.24 ₹191 1.8 3.6 7 5.1 6.8 7.29% 29D 1M 3D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 Mar 24
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity PGIM India Short Maturity Fund Growth ₹39.3202
↓ 0.00 ₹28 1.2 3.1 6.1 4.2 7.18% 1Y 7M 28D 1Y 11M 1D Nippon India Strategic Debt Fund Growth ₹13.9141
↑ 0.01 ₹120 1.9 3.2 8 9.2 7 8.16% 3Y 5M 19D 4Y 9M Axis Strategic Bond Fund Growth ₹25.1046
↑ 0.01 ₹1,977 2.2 3.8 7.8 6 7.3 8.19% 3Y 9M 18D 5Y 4M 20D ICICI Prudential Short Term Fund Growth ₹54.3153
↑ 0.03 ₹18,987 1.9 3.6 7.8 5.8 7.4 8.02% 2Y 7M 2D 4Y 9M 4D UTI Short Term Income Fund Growth ₹28.7217
↑ 0.02 ₹2,503 2.1 3.7 7.6 7 6.9 7.51% 2Y 9M 18D 3Y 7M 20D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 29 Sep 23
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity ICICI Prudential Gilt Fund Growth ₹92.449
↑ 0.07 ₹4,879 2.1 3.6 8.7 6 8.3 7.51% 4Y 11M 5D 9Y 6M 11D SBI Magnum Gilt Fund Growth ₹59.6655
↑ 0.02 ₹7,951 2.5 4.2 8.5 5.8 7.6 7.33% 7Y 3M 7D 12Y 5M 12D Aditya Birla Sun Life Government Securities Fund Growth ₹73.7252
↑ 0.01 ₹1,481 2.7 4.4 8.1 5.4 7.1 7.32% 8Y 18D 14Y 2M 23D Nippon India Gilt Securities Fund Growth ₹34.5153
↓ 0.00 ₹1,531 2.5 4 7.8 4.8 6.7 7.27% 7Y 4M 13D 11Y 4M 24D UTI Gilt Fund Growth ₹56.8341
↑ 0.01 ₹580 2.6 3.9 7.7 5 6.7 7.17% 7Y 4M 6D 10Y 10M 24D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 Mar 24
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity SBI Magnum Constant Maturity Fund Growth ₹56.8439
↓ -0.01 ₹1,637 2.3 3.7 8 5 7.5 7.23% 6Y 10M 10D 9Y 9M 25D ICICI Prudential Constant Maturity Gilt Fund Growth ₹21.9363
↑ 0.01 ₹2,457 2.3 3.8 8.2 5.1 7.7 7.27% 6Y 6M 29D 9Y 6M DSP BlackRock 10Y G-Sec Fund Growth ₹19.4919
↑ 0.01 ₹49 2.3 3.7 8.2 3.7 7.7 7.2% 6Y 8M 8D 9Y 4M 10D IDFC Government Securities Fund - Constant Maturity Plan Growth ₹40.5756
↑ 0.01 ₹341 2.5 4.1 8.2 4.6 7.4 7.23% 7Y 25D 10Y 5M 26D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 Mar 24
*Below is the list of Bond Mutual Funds having net assets 50 Crore
and having managed assets for over 3 Years. Based on heighest Yield to Maturity (ytm)
(Erstwhile ICICI Prudential Corporate Bond Fund) To generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity. ICICI Prudential Medium Term Bond Fund is a Debt - Medium term Bond fund was launched on 15 Sep 04. It is a fund with Moderate risk and has given a Below is the key information for ICICI Prudential Medium Term Bond Fund Returns up to 1 year are on The investment objective of the scheme is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. There is no assurance or guarantee that the investment objective of the scheme will be achieved Kotak Medium Term Fund is a Debt - Medium term Bond fund was launched on 25 Mar 14. It is a fund with Moderate risk and has given a Below is the key information for Kotak Medium Term Fund Returns up to 1 year are on (Erstwhile SBI Regular Savings Fund) To provide attractive returns to the Magnum holders / Unit holders either through periodic dividends or through capital appreciation through an actively managed portfolio of debt,
equity and money market instruments. SBI Magnum Medium Duration Fund is a Debt - Medium term Bond fund was launched on 12 Nov 03. It is a fund with Moderate risk and has given a Below is the key information for SBI Magnum Medium Duration Fund Returns up to 1 year are on The primary investment objective of the Scheme is to generate regular income through investments in debt & money market instruments in order to make regular dividend payments to unit holders & secondary objective is growth of capital. Aditya Birla Sun Life Medium Term Plan is a Debt - Medium term Bond fund was launched on 25 Mar 09. It is a fund with Moderate risk and has given a Below is the key information for Aditya Birla Sun Life Medium Term Plan Returns up to 1 year are on (Erstwhile Axis Income Fund) To generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments. Axis Strategic Bond Fund is a Debt - Medium term Bond fund was launched on 28 Mar 12. It is a fund with Moderate risk and has given a Below is the key information for Axis Strategic Bond Fund Returns up to 1 year are on (Erstwhile Reliance Classic Bond Fund) To generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while
maintaining the optimum balance of yield, safety and liquidity. The scheme would focus its investments predominantly in corporate bonds of various maturities and across ratings for the purpose of achieving regular income and
capital appreciation. Nippon India Strategic Debt Fund is a Debt - Medium term Bond fund was launched on 26 Jun 14. It is a fund with Moderate risk and has given a Below is the key information for Nippon India Strategic Debt Fund Returns up to 1 year are on 1. ICICI Prudential Medium Term Bond Fund
CAGR/Annualized
return of 7.4% since its launch. Ranked 23 in Medium term Bond
category. Return for 2023 was 7% , 2022 was 4.2% and 2021 was 5.5% . ICICI Prudential Medium Term Bond Fund
Growth Launch Date 15 Sep 04 NAV (26 Mar 24) ₹40.2747 ↑ 0.02 (0.05 %) Net Assets (Cr) ₹6,408 on 29 Feb 24 Category Debt - Medium term Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderate Expense Ratio 1.4 Sharpe Ratio 0.64 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Yield to Maturity 8.33% Effective Maturity 5 Years 14 Days Modified Duration 3 Years 4 Months 2 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,139 28 Feb 21 ₹11,985 28 Feb 22 ₹12,725 28 Feb 23 ₹13,285 29 Feb 24 ₹14,298 Returns for ICICI Prudential Medium Term Bond Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Mar 24 Duration Returns 1 Month 0.5% 3 Month 1.9% 6 Month 3.5% 1 Year 7.4% 3 Year 5.9% 5 Year 7.3% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 7% 2022 4.2% 2021 5.5% 2020 10.4% 2019 9.2% 2018 5.1% 2017 6.5% 2016 10.2% 2015 8.4% 2014 12.4% Fund Manager information for ICICI Prudential Medium Term Bond Fund
Name Since Tenure Manish Banthia 7 Nov 16 7.32 Yr. Akhil Kakkar 22 Jan 24 0.11 Yr. Sharmila D’mello 1 May 23 0.84 Yr. Data below for ICICI Prudential Medium Term Bond Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 7.52% Debt 92.22% Other 0.25% Debt Sector Allocation
Sector Value Corporate 53.31% Government 40.47% Cash Equivalent 5.97% Credit Quality
Rating Value AA 42.09% AAA 57.91% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -27% ₹1,721 Cr 170,951,600
↑ 20,000,000 7.26% Govt Stock 2033
Sovereign Bonds | -7% ₹449 Cr 44,456,200 Small Industries Development Bank Of India
Debentures | -3% ₹196 Cr 19,700 7.06% Govt Stock 2028
Sovereign Bonds | -2% ₹150 Cr 15,000,000
↓ -25,000,000 The Great Eastern Shipping Company Limited
Debentures | -2% ₹149 Cr 1,500 TVS Credit Services Limited
Debentures | -2% ₹111 Cr 110 Dlf Cyber City Developers Ltd
Debentures | -2% ₹104 Cr 1,050 8.25% Govt Stock 2033
Sovereign Bonds | -2% ₹101 Cr 10,000,000 TATA Motors Finance Limited
Debentures | -2% ₹100 Cr 1,000 Tata Housing Development Company Limited
Debentures | -2% ₹100 Cr 10,000 2. Kotak Medium Term Fund
CAGR/Annualized
return of 7.4% since its launch. Ranked 10 in Medium term Bond
category. Return for 2023 was 6.1% , 2022 was 3.2% and 2021 was 4.7% . Kotak Medium Term Fund
Growth Launch Date 25 Mar 14 NAV (26 Mar 24) ₹20.4364 ↑ 0.01 (0.04 %) Net Assets (Cr) ₹1,730 on 29 Feb 24 Category Debt - Medium term Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 1.29 Sharpe Ratio 0.9 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-18 Months (2%),18 Months and above(NIL) Yield to Maturity 8.25% Effective Maturity 4 Years 10 Months 20 Days Modified Duration 3 Years 22 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,923 28 Feb 21 ₹11,420 28 Feb 22 ₹12,179 28 Feb 23 ₹12,460 29 Feb 24 ₹13,500 Returns for Kotak Medium Term Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Mar 24 Duration Returns 1 Month 0.6% 3 Month 2.7% 6 Month 4.7% 1 Year 8% 3 Year 5.7% 5 Year 6% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.1% 2022 3.2% 2021 4.7% 2020 8.5% 2019 7% 2018 5.4% 2017 6.6% 2016 10.9% 2015 9.3% 2014 Fund Manager information for Kotak Medium Term Fund
Name Since Tenure Deepak Agrawal 25 Mar 14 9.94 Yr. sunit garg 1 Nov 22 1.33 Yr. Palha Khanna 3 Jul 23 0.66 Yr. Data below for Kotak Medium Term Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 9.98% Equity 6.93% Debt 82.81% Other 0.28% Debt Sector Allocation
Sector Value Corporate 58.91% Government 23.9% Cash Equivalent 9.98% Credit Quality
Rating Value A 4.43% AA 30.44% AAA 65.13% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -12% ₹200 Cr 19,854,450
↓ -12,500,000 7.18% Govt Stock 2037
Sovereign Bonds | -6% ₹103 Cr 10,278,000
↑ 10,000,000 HDFC Bank Limited
Debentures | -6% ₹101 Cr 1,000
↓ -400 L&T Metro Rail (Hyderabad) Limited
Debentures | -6% ₹98 Cr 1,000 TATA Steel Limited
Debentures | -4% ₹75 Cr 750 Embassy Office Parks REIT (Real Estate)
-, Since 31 May 21 | EMBASSY4% ₹71 Cr 1,891,244
↓ -437,704 India Grid Trust 0.0788%
Debentures | -4% ₹65 Cr 6,500
↑ 6,500 Indostar Capital Finance Limited
Debentures | -3% ₹59 Cr 6,000 8.12% Govt Stock 2031
Sovereign Bonds | -3% ₹50 Cr 5,000,000 Godrej Properties Limited
Debentures | -3% ₹50 Cr 5,000 3. SBI Magnum Medium Duration Fund
CAGR/Annualized
return of 7.8% since its launch. Ranked 18 in Medium term Bond
category. Return for 2023 was 7.2% , 2022 was 3.4% and 2021 was 3.8% . SBI Magnum Medium Duration Fund
Growth Launch Date 12 Nov 03 NAV (26 Mar 24) ₹46.1398 ↑ 0.02 (0.05 %) Net Assets (Cr) ₹6,560 on 29 Feb 24 Category Debt - Medium term Bond AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Moderate Expense Ratio 1.22 Sharpe Ratio 0.89 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-12 Months (1.5%),12 Months and above(NIL) Yield to Maturity 8.21% Effective Maturity 5 Years 3 Months 4 Days Modified Duration 3 Years 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,284 28 Feb 21 ₹12,265 28 Feb 22 ₹12,902 28 Feb 23 ₹13,368 29 Feb 24 ₹14,437 Returns for SBI Magnum Medium Duration Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Mar 24 Duration Returns 1 Month 0.5% 3 Month 1.9% 6 Month 3.4% 1 Year 7.6% 3 Year 5.6% 5 Year 7.4% 10 Year 15 Year Since launch 7.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.2% 2022 3.4% 2021 3.8% 2020 12.3% 2019 11.1% 2018 6.2% 2017 7.6% 2016 14% 2015 6.6% 2014 16.5% Fund Manager information for SBI Magnum Medium Duration Fund
Name Since Tenure Rajeev Radhakrishnan 1 Nov 23 0.33 Yr. Lokesh Mallya 1 Dec 23 0.25 Yr. Mohit Jain 30 Nov 17 6.25 Yr. Pradeep Kesavan 1 Dec 23 0.25 Yr. Data below for SBI Magnum Medium Duration Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 8.28% Debt 91.45% Other 0.27% Debt Sector Allocation
Sector Value Corporate 51.86% Government 39.59% Cash Equivalent 8.28% Credit Quality
Rating Value A 3.51% AA 43% AAA 53.49% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -15% ₹982 Cr 97,500,000 7.18% Govt Stock 2037
Sovereign Bonds | -7% ₹487 Cr 48,500,000
↑ 12,500,000 Godrej Properties Limited
Debentures | -5% ₹324 Cr 32,500 Tata Housing Development Company Limited
Debentures | -5% ₹300 Cr 30,000 Jamnagar Utilities And Power Private Limited
Debentures | -4% ₹251 Cr 25,000 Avanse Financial Services Limited
Debentures | -4% ₹250 Cr 25,000 Jindal Stainless Limited
Debentures | -4% ₹234 Cr 2,400 JM Financial Asset Reconstruction Company Limited
Debentures | -4% ₹234 Cr 23,500 Mahanagar Telephone Nigam Limited
Debentures | -3% ₹225 Cr 2,200 Yes Bank Limited
Debentures | -3% ₹217 Cr 2,250 4. Aditya Birla Sun Life Medium Term Plan
CAGR/Annualized
return of 8.6% since its launch. Ranked 6 in Medium term Bond
category. Return for 2023 was 6.9% , 2022 was 24.8% and 2021 was 7.1% . Aditya Birla Sun Life Medium Term Plan
Growth Launch Date 25 Mar 09 NAV (26 Mar 24) ₹34.2594 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹1,887 on 29 Feb 24 Category Debt - Medium term Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.52 Sharpe Ratio 0.44 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load 0-365 Days (1%),365 Days and above(NIL) Yield to Maturity 8.2% Effective Maturity 6 Years 4 Months 6 Days Modified Duration 3 Years 9 Months 14 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹9,804 28 Feb 21 ₹10,644 28 Feb 22 ₹11,709 28 Feb 23 ₹14,118 29 Feb 24 ₹15,182 Returns for Aditya Birla Sun Life Medium Term Plan
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Mar 24 Duration Returns 1 Month 0.4% 3 Month 1.8% 6 Month 3.3% 1 Year 7.3% 3 Year 12.4% 5 Year 8.5% 10 Year 15 Year Since launch 8.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.9% 2022 24.8% 2021 7.1% 2020 8.1% 2019 -4.4% 2018 5.6% 2017 7% 2016 10.9% 2015 9.5% 2014 12% Fund Manager information for Aditya Birla Sun Life Medium Term Plan
Name Since Tenure Sunaina Cunha 1 Sep 14 9.5 Yr. Mohit Sharma 6 Aug 20 3.57 Yr. Dhaval Joshi 21 Nov 22 1.28 Yr. Data below for Aditya Birla Sun Life Medium Term Plan as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 7.94% Equity 2.1% Debt 89.71% Other 0.25% Debt Sector Allocation
Sector Value Government 50.77% Corporate 38.94% Cash Equivalent 7.94% Credit Quality
Rating Value A 3.91% AA 32.59% AAA 63.5% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.26% Govt Stock 2033
Sovereign Bonds | -24% ₹449 Cr 44,500,000 7.18% Govt Stock 2033
Sovereign Bonds | -15% ₹292 Cr 29,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -5% ₹85 Cr 8,500,000 Creditaccess Grameen Limited
Debentures | -3% ₹50 Cr 500,000 Belstar Investment And Finance Private Limited
Debentures | -3% ₹50 Cr 5,000 JSW Steel Limited
Debentures | -3% ₹49 Cr 500 Hinduja Housing Finance Limited 8.85%
Debentures | -2% ₹46 Cr 4,600 JM Financial Credit Solutions Limited
Debentures | -2% ₹44 Cr 440 Nexus Select Trust
Debentures | -2% ₹40 Cr 4,000 JM Financial Products Limited
Debentures | -2% ₹40 Cr 4,000 5. Axis Strategic Bond Fund
CAGR/Annualized
return of 8% since its launch. Ranked 7 in Medium term Bond
category. Return for 2023 was 7.3% , 2022 was 3.8% and 2021 was 5.2% . Axis Strategic Bond Fund
Growth Launch Date 28 Mar 12 NAV (26 Mar 24) ₹25.1046 ↑ 0.01 (0.06 %) Net Assets (Cr) ₹1,977 on 29 Feb 24 Category Debt - Medium term Bond AMC Axis Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.08 Sharpe Ratio 0.95 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-12 Months (1%),12 Months and above(NIL) Yield to Maturity 8.19% Effective Maturity 5 Years 4 Months 20 Days Modified Duration 3 Years 9 Months 18 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,872 28 Feb 21 ₹11,704 28 Feb 22 ₹12,407 28 Feb 23 ₹12,892 29 Feb 24 ₹13,946 Returns for Axis Strategic Bond Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Mar 24 Duration Returns 1 Month 0.5% 3 Month 2.2% 6 Month 3.8% 1 Year 7.8% 3 Year 6% 5 Year 6.7% 10 Year 15 Year Since launch 8% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.3% 2022 3.8% 2021 5.2% 2020 10.5% 2019 7.1% 2018 6.7% 2017 7.5% 2016 11.6% 2015 6.8% 2014 15% Fund Manager information for Axis Strategic Bond Fund
Name Since Tenure Devang Shah 5 Nov 12 11.33 Yr. Sachin Jain 1 Feb 23 1.08 Yr. Akhil Thakker 1 Feb 23 1.08 Yr. Data below for Axis Strategic Bond Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 5.24% Debt 94.51% Other 0.25% Debt Sector Allocation
Sector Value Corporate 55.56% Government 38.88% Cash Equivalent 3.98% Securitized 1.33% Credit Quality
Rating Value A 2.62% AA 28.79% AAA 68.59% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -15% ₹292 Cr 29,000,000
↓ -500,000 7.26% Govt Stock 2033
Sovereign Bonds | -11% ₹211 Cr 20,879,400 Small Industries Development Bank Of India
Debentures | -4% ₹75 Cr 7,500 7.18% Govt Stock 2033
Sovereign Bonds | -3% ₹58 Cr 5,800,000
↓ -4,000,000 DLF Cyber City Developers Limited 8.4%
Debentures | -3% ₹55 Cr 5,500 Tata Projects Limited
Debentures | -3% ₹51 Cr 5,100 Mahanagar Telephone Nigam Limited
Debentures | -3% ₹50 Cr 5,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹50 Cr 5,000 Rural Electrification Corporation Limited
Debentures | -3% ₹50 Cr 5,000 Magma Housing Finance Limited
Debentures | -2% ₹47 Cr 4,750 6. Nippon India Strategic Debt Fund
CAGR/Annualized
return of 3.4% since its launch. Ranked 7 in Medium term Bond
category. Return for 2023 was 7% , 2022 was 2% and 2021 was 17.4% . Nippon India Strategic Debt Fund
Growth Launch Date 26 Jun 14 NAV (26 Mar 24) ₹13.9141 ↑ 0.01 (0.05 %) Net Assets (Cr) ₹120 on 29 Feb 24 Category Debt - Medium term Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.93 Sharpe Ratio 0.57 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-12 Months (1%),12 Months and above(NIL) Yield to Maturity 8.16% Effective Maturity 4 Years 9 Months Modified Duration 3 Years 5 Months 19 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹9,680 28 Feb 21 ₹7,311 28 Feb 22 ₹8,682 28 Feb 23 ₹8,835 29 Feb 24 ₹9,545 Nippon India Strategic Debt Fund SIP Returns
Returns for Nippon India Strategic Debt Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Mar 24 Duration Returns 1 Month 0.5% 3 Month 1.9% 6 Month 3.2% 1 Year 8% 3 Year 9.2% 5 Year -1.1% 10 Year 15 Year Since launch 3.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 7% 2022 2% 2021 17.4% 2020 -23.5% 2019 -3.4% 2018 4.7% 2017 6.9% 2016 11.1% 2015 9% 2014 Fund Manager information for Nippon India Strategic Debt Fund
Name Since Tenure Kinjal Desai 25 May 18 5.77 Yr. Sushil Budhia 1 Feb 20 4.08 Yr. Akshay Sharma 1 Dec 22 1.25 Yr. Data below for Nippon India Strategic Debt Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 9.71% Debt 89.93% Other 0.35% Debt Sector Allocation
Sector Value Corporate 51.04% Government 38.89% Cash Equivalent 9.71% Credit Quality
Rating Value AA 47.23% AAA 52.77% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -13% ₹15 Cr 1,500,000 Summit Digitel Infrastructure Limited
Debentures | -6% ₹8 Cr 80 7.32% Govt Stock 2030
Sovereign Bonds | -4% ₹5 Cr 500,000 Mahanagar Telephone Nigam Limited
Debentures | -4% ₹5 Cr 500 7.17% Govt Stock 2030
Sovereign Bonds | -4% ₹5 Cr 500,000 7.1% Govt Stock 2029
Sovereign Bonds | -4% ₹5 Cr 500,000 Godrej Properties Limited
Debentures | -4% ₹5 Cr 500 Manappuram Finance Limited
Debentures | -4% ₹5 Cr 500 Aadhar Housing Finance Limited
Debentures | -4% ₹5 Cr 500 Godrej Industries Limited
Debentures | -4% ₹5 Cr 500
Tax implication on Bond Funds or Debt Funds is computed in the following manner-
If the holding period of a debt investment is less than 36 months, then it is classified as a short-term investment and these are taxed as per individual's tax slab.
If the holding period of debt investment is more than 36 months, then it is classified as a long-term investment and is taxed at 20% with an indexation benefit.
Capital Gains | Investment Holding Gains | Taxation |
---|---|---|
Short Term Capital Gains | Less than 36 months | As per individual's tax slab |
Long Term Capital Gains | More than 36 months | 20% with indexation benefits |
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