Table of Contents
Best Bond Mutual Funds 2023
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.
Difference Between Bond & Bond Mutual Fund
Bonds
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.
Bond Funds
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.
Why to Invest in Bond Mutual Funds?
Some of the important benefits of these funds are:
- Bond Funds are a good option for earning regular income. For instance, choosing dividend payout can be an option for regular income.
- It is a good option to plan short financial goals. In a shorter duration, these funds ensure safety returns and as highly liquid as well.
- In Bond Funds, you can withdraw/redeem even partial money from your investment at any point and can let the remaining money stay invested.
- As, Bond Funds majorly invest in government securities they are not affected by the Volatility of the equity Market. Hence, it’s an optimal investment avenue for those who are risk-averse.
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Bond Funds to Invest for < 1 year
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Principal Cash Management Fund Growth ₹1,948.26
↑ 0.38 ₹3,153 1.6 3 5.1 4 4.8 6.66% 1M 10D 1M 11D JM Liquid Fund Growth ₹60.3165
↑ 0.01 ₹1,923 1.6 3 5 4.1 4.8 6.64% 1M 3D 1M 5D PGIM India Insta Cash Fund Growth ₹287.31
↑ 0.05 ₹792 1.6 3 5 4.1 4.8 6.34% 25D 27D Aditya Birla Sun Life Savings Fund Growth ₹458.362
↑ 0.17 ₹14,948 1.7 2.9 4.9 5.2 4.8 7.4% 5M 19D 6M 4D Indiabulls Liquid Fund Growth ₹2,137.81
↑ 0.38 ₹202 1.6 2.9 4.8 3.9 4.6 6.54% 1M 7D 1M 9D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23
Bond Funds to Invest for > 1 year
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity PGIM India Short Maturity Fund Growth ₹37.7932
↓ 0.00 ₹25 1.5 2.7 3.7 4.8 3.3 6.75% 11M 26D 1Y 1M 24D Aditya Birla Sun Life Medium Term Plan Growth ₹31.5648
↓ -0.02 ₹1,647 1.7 3.1 25.1 13 24.8 8.03% 2Y 7M 24D 4Y 2M 5D ICICI Prudential Short Term Fund Growth ₹49.8809
↓ -0.01 ₹15,528 1.5 3.4 5.2 6.2 4.7 7.85% 1Y 4M 20D 4Y 8M 19D Aditya Birla Sun Life Short Term Opportunities Fund Growth ₹39.6102
↓ -0.01 ₹5,007 1.5 2.7 4.4 6.4 4.2 7.81% 1Y 7M 13D 2Y Axis Strategic Bond Fund Growth ₹23.0278
↓ -0.01 ₹1,598 1.7 2.9 4.2 6.3 3.8 8.03% 2Y 10M 28D 4Y 4M 13D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23
Bond Funds to Invest for > 3 years
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity UTI Bond Fund Growth ₹61.1625
↓ -0.09 ₹282 1.7 3.1 10.6 8.4 9.9 7.32% 4Y 3M 18D 7Y 1M 20D ICICI Prudential Gilt Fund Growth ₹83.9474
↓ -0.04 ₹2,601 1.1 3.9 5.4 6.4 3.7 7.49% 1Y 6M 18D 8Y 9M 29D SBI Magnum Gilt Fund Growth ₹54.3611
↓ -0.13 ₹3,968 1.8 3.9 4.9 6.2 4.2 7.22% 6Y 2M 8D 11Y 4M 2D SBI Magnum Income Fund Growth ₹58.6737
↓ -0.10 ₹1,501 1.8 3.3 3.8 5.9 3 7.66% 5Y 8M 23D 9Y 25D UTI Gilt Fund Growth ₹52.1449
↓ -0.06 ₹512 1.6 3.3 3.6 5.1 2.9 6.75% 3Y 3M 4D 5Y 1M 13D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23
Best 10-Year Govt. Bond Funds
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity SBI Magnum Constant Maturity Fund Growth ₹51.861
↓ -0.12 ₹834 1.9 3.1 2.8 4.8 1.3 7.45% 6Y 7M 28D 9Y 7M 28D ICICI Prudential Constant Maturity Gilt Fund Growth ₹19.9543
↓ -0.04 ₹403 1.8 2.9 2.7 5.6 1.2 7.45% 6Y 6M 7D 9Y 4M 20D IDFC Government Securities Fund - Constant Maturity Plan Growth ₹36.9384
↓ -0.08 ₹215 1.8 2.9 2.3 4.8 0.7 7.43% 6Y 6M 22D 9Y 5M 23D DSP BlackRock 10Y G-Sec Fund Growth ₹17.7343
↓ -0.04 ₹42 1.8 2.8 1.7 3.8 0.1 7.45% 6Y 6M 29D 9Y 6M 7D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23
*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)
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 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 (Erstwhile HDFC High Interest Fund - Short Term Plan) To generate income by investing in a range of debt and money market instruments of various maturity dates with a view to maximising income while maintaining the optimum balance of yield, safety and liquidity. The objective is to cater to the needs of investors with shorter term investment horizons and
to provide stable returns over shorter periods. HDFC Medium Term Debt Fund is a Debt - Medium term Bond fund was launched on 6 Feb 02. It is a fund with Moderate risk and has given a Below is the key information for HDFC Medium Term Debt 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 L&T Resurgent India Corporate Bond Fund) "To seek to generate income by investing primarily in debt and money market securities of fundamentally strong
corporates/companies in growth sectors which are closely associated with the resurgence of domestic economy, with a fl exibility to follow more conservative investment approach during economic downturns.
There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or
guarantee any returns." L&T Resurgent India Bond Fund is a Debt - Medium term Bond fund was launched on 2 Feb 15. It is a fund with Moderate risk and has given a Below is the key information for L&T Resurgent India Bond Fund Returns up to 1 year are on 1. Kotak Medium Term Fund
CAGR/Annualized return of 7.4% since its launch. Ranked 10 in Medium term Bond category. Return for 2022 was 3.2% , 2021 was 4.7% and 2020 was 8.5% . Kotak Medium Term Fund
Growth Launch Date 25 Mar 14 NAV (27 Jan 23) ₹18.8028 ↓ -0.01 (-0.07 %) Net Assets (Cr) ₹1,933 on 31 Dec 22 Category Debt - Medium term Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 1.35 Sharpe Ratio -1.02 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 8.18% Effective Maturity 6 Years 1 Month 20 Days Modified Duration 2 Years 5 Months 16 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,544 31 Dec 19 ₹11,283 31 Dec 20 ₹12,246 31 Dec 21 ₹12,817 31 Dec 22 ₹13,223 Returns for Kotak Medium Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month 0.3% 3 Month 1.3% 6 Month 2.6% 1 Year 3.3% 3 Year 5.2% 5 Year 5.7% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 3.2% 2021 4.7% 2020 8.5% 2019 7% 2018 5.4% 2017 6.6% 2016 10.9% 2015 9.3% 2014 2013 Fund Manager information for Kotak Medium Term Fund
Name Since Tenure Deepak Agrawal 25 Mar 14 8.78 Yr. Vihag Mishra 1 Mar 22 0.84 Yr. sunit garg 1 Nov 22 0.17 Yr. Data below for Kotak Medium Term Fund as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 7.03% Equity 5.34% Debt 87.63% Debt Sector Allocation
Sector Value Corporate 60.94% Government 24.03% Cash Equivalent 7.03% Securitized 2.66% Credit Quality
Rating Value A 5.92% AA 25.16% AAA 68.92% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.42% Govt Stock 2033
Sovereign Bonds | -11% ₹201 Cr 20,187,493 Housing Development Finance Corporation Limited
Debentures | -7% ₹142 Cr 1,400 6.42% Govt Stock 2031
Sovereign Bonds | -5% ₹100 Cr 10,000,000 Sikka Ports & Terminals Limited
Debentures | -5% ₹97 Cr 1,000 L&T Metro Rail (Hyderabad) Limited
Debentures | -5% ₹97 Cr 1,000 Bharti Telecom Limited
Debentures | -5% ₹96 Cr 1,000 Shriram Transport Finance Company Limited
Debentures | -5% ₹86 Cr 850 Power Finance Corporation Ltd.
Debentures | -4% ₹84 Cr 820
↓ -250 Embassy Office Parks Reit
-, Since 31 May 21 | -4% ₹76 Cr 2,153,707 TATA Steel Limited
Debentures | -4% ₹75 Cr 750 2. ICICI Prudential Medium Term Bond Fund
CAGR/Annualized return of 7.4% since its launch. Ranked 23 in Medium term Bond category. Return for 2022 was 4.2% , 2021 was 5.5% and 2020 was 10.4% . ICICI Prudential Medium Term Bond Fund
Growth Launch Date 15 Sep 04 NAV (27 Jan 23) ₹37.1192 ↓ -0.01 (-0.03 %) Net Assets (Cr) ₹6,255 on 31 Dec 22 Category Debt - Medium term Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderate Expense Ratio 1.39 Sharpe Ratio -0.49 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 8.16% Effective Maturity 3 Years 11 Months 19 Days Modified Duration 2 Years 3 Months 22 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,511 31 Dec 19 ₹11,477 31 Dec 20 ₹12,670 31 Dec 21 ₹13,368 31 Dec 22 ₹13,926 Returns for ICICI Prudential Medium Term Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month 0.4% 3 Month 1.7% 6 Month 3.1% 1 Year 4.8% 3 Year 6.5% 5 Year 6.9% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 5.9% Fund Manager information for ICICI Prudential Medium Term Bond Fund
Name Since Tenure Manish Banthia 7 Nov 16 6.15 Yr. Shadab Rizvi 3 Jun 17 5.58 Yr. Data below for ICICI Prudential Medium Term Bond Fund as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 17.36% Debt 82.64% Debt Sector Allocation
Sector Value Corporate 62.38% Government 21.74% Cash Equivalent 15.87% Credit Quality
Rating Value AA 57.38% AAA 42.62% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.54% Govt Stock 2032
Sovereign Bonds | -9% ₹533 Cr 56,110,700 7.38% Govt Stock 2027
Sovereign Bonds | -8% ₹487 Cr 48,250,000 The Tata Power Company Limited
Debentures | -5% ₹303 Cr 3,000 Bharat Sanchar Nigam Limited
Debentures | -2% ₹154 Cr 1,610 The Great Eastern Shipping Company Limited
Debentures | -2% ₹147 Cr 1,500 Ongc Petro Additions Limited
Debentures | -2% ₹147 Cr 1,500 Godrej Properties Limited
Debentures | -2% ₹115 Cr 1,150 TVS Credit Services Limited
Debentures | -2% ₹111 Cr 110 TATA Motors Finance Solutions Limited
Debentures | -2% ₹102 Cr 1,000 Motilal Oswal Finvest Ltd **
Debentures | -2% ₹100 Cr 1,000
↑ 1,000 3. HDFC Medium Term Debt Fund
CAGR/Annualized return of 7.6% since its launch. Ranked 22 in Medium term Bond category. Return for 2022 was 2.9% , 2021 was 5% and 2020 was 10% . HDFC Medium Term Debt Fund
Growth Launch Date 6 Feb 02 NAV (27 Jan 23) ₹46.8775 ↓ -0.02 (-0.04 %) Net Assets (Cr) ₹3,691 on 31 Dec 22 Category Debt - Medium term Bond AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 1.3 Sharpe Ratio -1.06 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-1 Months (0.25%),1 Months and above(NIL) Yield to Maturity 8.1% Effective Maturity 4 Years 1 Month 28 Days Modified Duration 2 Years 10 Months 13 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,559 31 Dec 19 ₹11,523 31 Dec 20 ₹12,677 31 Dec 21 ₹13,315 31 Dec 22 ₹13,699 Returns for HDFC Medium Term Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month 0.4% 3 Month 1.7% 6 Month 2.9% 1 Year 3.3% 3 Year 5.7% 5 Year 6.5% 10 Year 15 Year Since launch 7.6% Historical performance (Yearly) on absolute basis
Year Returns 2022 2.9% 2021 5% 2020 10% 2019 9.1% 2018 5.6% 2017 5.5% 2016 11.5% 2015 7.4% 2014 11.2% 2013 7% Fund Manager information for HDFC Medium Term Debt Fund
Name Since Tenure Shobhit Mehrotra 1 Sep 07 15.35 Yr. Priya Ranjan 1 May 22 0.67 Yr. Data below for HDFC Medium Term Debt Fund as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 6.37% Debt 93.63% Debt Sector Allocation
Sector Value Corporate 59.64% Government 34.66% Cash Equivalent 5.69% Credit Quality
Rating Value A 0.71% AA 30.96% AAA 68.33% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.97% Govt Stock 2026
Sovereign Bonds | -6% ₹209 Cr 21,000,000 7.1% Govt Stock 2029
Sovereign Bonds | -5% ₹174 Cr 17,500,000 6.54% Govt Stock 2032
Sovereign Bonds | -3% ₹114 Cr 12,000,000 Green Infra Wind Energy Limited
Debentures | -3% ₹107 Cr 1,250 L&T Metro Rail (Hyderabad) Limited
Debentures | -3% ₹98 Cr 1,000 Jamnagar Utilities & Power Private Limited
Debentures | -3% ₹96 Cr 1,000 7.27% Govt Stock 2026
Sovereign Bonds | -3% ₹95 Cr 9,500,000
↓ -500,000 6.1% Govt Stock 2031
Sovereign Bonds | -3% ₹93 Cr 10,000,000 Sikka Ports & Terminals Limited
Debentures | -3% ₹93 Cr 950 Bajaj Housing Finance Limited
Debentures | -2% ₹87 Cr 900 4. Aditya Birla Sun Life Medium Term Plan
CAGR/Annualized return of 8.7% since its launch. Ranked 6 in Medium term Bond category. Return for 2022 was 24.8% , 2021 was 7.1% and 2020 was 8.1% . Aditya Birla Sun Life Medium Term Plan
Growth Launch Date 25 Mar 09 NAV (27 Jan 23) ₹31.5648 ↓ -0.02 (-0.07 %) Net Assets (Cr) ₹1,647 on 31 Dec 22 Category Debt - Medium term Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.56 Sharpe Ratio 1.15 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 8.03% Effective Maturity 4 Years 2 Months 5 Days Modified Duration 2 Years 7 Months 24 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,561 31 Dec 19 ₹10,097 31 Dec 20 ₹10,916 31 Dec 21 ₹11,691 31 Dec 22 ₹14,591 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 27 Jan 23 Duration Returns 1 Month 0.3% 3 Month 1.7% 6 Month 3.1% 1 Year 25.1% 3 Year 13% 5 Year 7.8% 10 Year 15 Year Since launch 8.7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 10.2% Fund Manager information for Aditya Birla Sun Life Medium Term Plan
Name Since Tenure Sunaina Cunha 1 Sep 14 8.34 Yr. Mohit Sharma 6 Aug 20 2.41 Yr. Data below for Aditya Birla Sun Life Medium Term Plan as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 15.63% Equity 2.38% Debt 81.99% Debt Sector Allocation
Sector Value Corporate 48.52% Government 40.9% Cash Equivalent 8.19% Credit Quality
Rating Value A 2.61% AA 40.41% AAA 56.98% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.26% Govt Stock 2032
Sovereign Bonds | -11% ₹180 Cr 18,000,000
↑ 500,000 6.54% Govt Stock 2032
Sovereign Bonds | -10% ₹157 Cr 16,500,000
↓ -2,000,000 Shriram City Union Finance Limited
Debentures | -6% ₹101 Cr 1,000 HDFC Bank Limited
Debentures | -3% ₹50 Cr 50
↑ 50 Mahindra Rural Housing Finance Limited
Debentures | -3% ₹50 Cr 500 Bharti Hexacom Limited
Debentures | -3% ₹47 Cr 480 Tata Realty And Infrastructure Limited
Debentures | -3% ₹47 Cr 480 JM Financial Credit Solutions Limited
Debentures | -3% ₹45 Cr 440 Gic Housing Finance Limited
Debentures | -2% ₹40 Cr 400 IRB InvIT Fund Units 2017-Series IV (Industrials)
Equity, Since 31 May 18 | 5405262% ₹39 Cr 5,820,000 5. Axis Strategic Bond Fund
CAGR/Annualized return of 8% since its launch. Ranked 7 in Medium term Bond category. Return for 2022 was 3.8% , 2021 was 5.2% and 2020 was 10.5% . Axis Strategic Bond Fund
Growth Launch Date 28 Mar 12 NAV (27 Jan 23) ₹23.0278 ↓ -0.01 (-0.06 %) Net Assets (Cr) ₹1,598 on 31 Dec 22 Category Debt - Medium term Bond AMC Axis Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.07 Sharpe Ratio -0.74 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 8.03% Effective Maturity 4 Years 4 Months 13 Days Modified Duration 2 Years 10 Months 28 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,666 31 Dec 19 ₹11,419 31 Dec 20 ₹12,619 31 Dec 21 ₹13,276 31 Dec 22 ₹13,781 Returns for Axis Strategic Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month 0.5% 3 Month 1.7% 6 Month 2.9% 1 Year 4.2% 3 Year 6.3% 5 Year 6.6% 10 Year 15 Year Since launch 8% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 4.7% Fund Manager information for Axis Strategic Bond Fund
Name Since Tenure Devang Shah 5 Nov 12 10.16 Yr. Kaustubh Sule 9 Nov 21 1.14 Yr. Data below for Axis Strategic Bond Fund as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 9.08% Debt 90.92% Debt Sector Allocation
Sector Value Government 50.24% Corporate 40.75% Cash Equivalent 7.48% Securitized 1.53% Credit Quality
Rating Value A 5.18% AA 30.62% AAA 64.2% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.38% Govt Stock 2027
Sovereign Bonds | -19% ₹303 Cr 30,000,000
↓ -2,000,000 7.26% Govt Stock 2032
Sovereign Bonds | -18% ₹288 Cr 28,800,000
↓ -500,000 7.42% Govt Stock 2033
Sovereign Bonds | -5% ₹85 Cr 8,500,000 7.17% Govt Stock 2028
Sovereign Bonds | -5% ₹80 Cr 8,000,000 JM Financial Credit Solutions Limited
Debentures | -3% ₹43 Cr 428 Pune Solapur Expressways Pvt. Ltd
Debentures | -2% ₹37 Cr 400 Bharti Telecom Limited
Debentures | -2% ₹35 Cr 350 Dlf Cyber City Developers Ltd
Debentures | -2% ₹29 Cr 300 Muthoot Finance Limited
Debentures | -2% ₹25 Cr 250 Navi Finserv Limited
Debentures | -2% ₹25 Cr 250 6. L&T Resurgent India Bond Fund
CAGR/Annualized return of 6.8% since its launch. Return for 2022 was 2.6% , 2021 was 4.5% and 2020 was 9.7% . L&T Resurgent India Bond Fund
Growth Launch Date 2 Feb 15 NAV (27 Jan 23) ₹16.903 ↓ -0.01 (-0.07 %) Net Assets (Cr) ₹664 on 31 Dec 22 Category Debt - Medium term Bond AMC L&T Investment Management Ltd Rating Risk Moderate Expense Ratio 1.47 Sharpe Ratio -1.22 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (2%),1-2 Years (1%),2 Years and above(NIL) Yield to Maturity 8.03% Effective Maturity 4 Years 1 Month 13 Days Modified Duration 2 Years 11 Months 26 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,442 31 Dec 19 ₹11,209 31 Dec 20 ₹12,293 31 Dec 21 ₹12,851 31 Dec 22 ₹13,183 Returns for L&T Resurgent India Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month 0.4% 3 Month 1.8% 6 Month 2.9% 1 Year 3% 3 Year 5.3% 5 Year 5.7% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2022 2.6% 2021 4.5% 2020 9.7% 2019 7.3% 2018 4.4% 2017 6.3% 2016 10.8% 2015 2014 2013 Fund Manager information for L&T Resurgent India Bond Fund
Name Since Tenure Kapil Punjabi 25 Nov 22 0.1 Yr. Shriram Ramanathan 2 Feb 15 7.92 Yr. Data below for L&T Resurgent India Bond Fund as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 1.41% Debt 98.59% Debt Sector Allocation
Sector Value Corporate 56.15% Government 34.33% Securitized 8.11% Cash Equivalent 1.41% Credit Quality
Rating Value AA 16.01% AAA 83.99% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.54% Govt Stock 2036
Sovereign Bonds | -15% ₹102 Cr 10,000,000 7.38% Govt Stock 2027
Sovereign Bonds | -10% ₹68 Cr 6,500,000
↓ -7,000,000 7.26% Govt Stock 2032
Sovereign Bonds | -8% ₹51 Cr 5,000,000
↑ 5,000,000 Embassy Office Parks Reit
Debentures | -7% ₹50 Cr 500 The Tata Power Company Limited
Debentures | -5% ₹31 Cr 280 Ongc Petro Additions Limited
Debentures | -4% ₹30 Cr 278 Shriram Transport Finance Company Limited
Debentures | -4% ₹27 Cr 250 Niif Infrastructure Finance Limited
Debentures | -4% ₹27 Cr 250 Bharti Telecom Limited
Debentures | -4% ₹25 Cr 250
↑ 250 IIFL Home Finance Limited
Debentures | -3% ₹21 Cr 200
Bond Funds Taxation
Tax implication on Bond Funds or Debt Funds is computed in the following manner-
Short Term Capital Gains
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.
Long Term Capital Gains
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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