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Best Bond Mutual Funds 2023

Updated on January 25, 2023 , 25759 views

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.

Bonds

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

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2022 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Principal Cash Management Fund Growth ₹1,948.26
↑ 0.38
₹3,1531.635.144.86.66%1M 10D1M 11D
JM Liquid Fund Growth ₹60.3165
↑ 0.01
₹1,9231.6354.14.86.64%1M 3D1M 5D
PGIM India Insta Cash Fund Growth ₹287.31
↑ 0.05
₹7921.6354.14.86.34%25D27D
Aditya Birla Sun Life Savings Fund Growth ₹458.362
↑ 0.17
₹14,9481.72.94.95.24.87.4%5M 19D6M 4D
Indiabulls Liquid Fund Growth ₹2,137.81
↑ 0.38
₹2021.62.94.83.94.66.54%1M 7D1M 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

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2022 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
PGIM India Short Maturity Fund Growth ₹37.7932
↓ 0.00
₹251.52.73.74.83.36.75%11M 26D1Y 1M 24D
Aditya Birla Sun Life Medium Term Plan Growth ₹31.5648
↓ -0.02
₹1,6471.73.125.11324.88.03%2Y 7M 24D4Y 2M 5D
ICICI Prudential Short Term Fund Growth ₹49.8809
↓ -0.01
₹15,5281.53.45.26.24.77.85%1Y 4M 20D4Y 8M 19D
Aditya Birla Sun Life Short Term Opportunities Fund Growth ₹39.6102
↓ -0.01
₹5,0071.52.74.46.44.27.81%1Y 7M 13D2Y
Axis Strategic Bond Fund Growth ₹23.0278
↓ -0.01
₹1,5981.72.94.26.33.88.03%2Y 10M 28D4Y 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

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2022 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
UTI Bond Fund Growth ₹61.1625
↓ -0.09
₹2821.73.110.68.49.97.32%4Y 3M 18D7Y 1M 20D
ICICI Prudential Gilt Fund Growth ₹83.9474
↓ -0.04
₹2,6011.13.95.46.43.77.49%1Y 6M 18D8Y 9M 29D
SBI Magnum Gilt Fund Growth ₹54.3611
↓ -0.13
₹3,9681.83.94.96.24.27.22%6Y 2M 8D11Y 4M 2D
SBI Magnum Income Fund Growth ₹58.6737
↓ -0.10
₹1,5011.83.33.85.937.66%5Y 8M 23D9Y 25D
UTI Gilt Fund Growth ₹52.1449
↓ -0.06
₹5121.63.33.65.12.96.75%3Y 3M 4D5Y 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

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2022 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
SBI Magnum Constant Maturity Fund Growth ₹51.861
↓ -0.12
₹8341.93.12.84.81.37.45%6Y 7M 28D9Y 7M 28D
ICICI Prudential Constant Maturity Gilt Fund Growth ₹19.9543
↓ -0.04
₹4031.82.92.75.61.27.45%6Y 6M 7D9Y 4M 20D
IDFC Government Securities Fund - Constant Maturity Plan Growth ₹36.9384
↓ -0.08
₹2151.82.92.34.80.77.43%6Y 6M 22D9Y 5M 23D
DSP BlackRock 10Y G-Sec Fund Growth ₹17.7343
↓ -0.04
₹421.82.81.73.80.17.45%6Y 6M 29D9Y 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)

1. Kotak Medium Term Fund

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 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% .

Below is the key information for Kotak Medium Term Fund

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.

DateValue
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

Kotak Medium Term Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Kotak Medium Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Deepak Agrawal25 Mar 148.78 Yr.
Vihag Mishra1 Mar 220.84 Yr.
sunit garg1 Nov 220.17 Yr.

Data below for Kotak Medium Term Fund as on 31 Dec 22

Asset Allocation
Asset ClassValue
Cash7.03%
Equity5.34%
Debt87.63%
Debt Sector Allocation
SectorValue
Corporate60.94%
Government24.03%
Cash Equivalent7.03%
Securitized2.66%
Credit Quality
RatingValue
A5.92%
AA25.16%
AAA68.92%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.42% Govt Stock 2033
Sovereign Bonds | -
11%₹201 Cr20,187,493
Housing Development Finance Corporation Limited
Debentures | -
7%₹142 Cr1,400
6.42% Govt Stock 2031
Sovereign Bonds | -
5%₹100 Cr10,000,000
Sikka Ports & Terminals Limited
Debentures | -
5%₹97 Cr1,000
L&T Metro Rail (Hyderabad) Limited
Debentures | -
5%₹97 Cr1,000
Bharti Telecom Limited
Debentures | -
5%₹96 Cr1,000
Shriram Transport Finance Company Limited
Debentures | -
5%₹86 Cr850
Power Finance Corporation Ltd.
Debentures | -
4%₹84 Cr820
↓ -250
Embassy Office Parks Reit
-, Since 31 May 21 | -
4%₹76 Cr2,153,707
TATA Steel Limited
Debentures | -
4%₹75 Cr750

2. ICICI Prudential Medium Term Bond Fund

(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 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% .

Below is the key information for ICICI Prudential Medium Term Bond Fund

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.

DateValue
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

ICICI Prudential Medium Term Bond Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for ICICI Prudential Medium Term Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Manish Banthia7 Nov 166.15 Yr.
Shadab Rizvi3 Jun 175.58 Yr.

Data below for ICICI Prudential Medium Term Bond Fund as on 31 Dec 22

Asset Allocation
Asset ClassValue
Cash17.36%
Debt82.64%
Debt Sector Allocation
SectorValue
Corporate62.38%
Government21.74%
Cash Equivalent15.87%
Credit Quality
RatingValue
AA57.38%
AAA42.62%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
6.54% Govt Stock 2032
Sovereign Bonds | -
9%₹533 Cr56,110,700
7.38% Govt Stock 2027
Sovereign Bonds | -
8%₹487 Cr48,250,000
The Tata Power Company Limited
Debentures | -
5%₹303 Cr3,000
Bharat Sanchar Nigam Limited
Debentures | -
2%₹154 Cr1,610
The Great Eastern Shipping Company Limited
Debentures | -
2%₹147 Cr1,500
Ongc Petro Additions Limited
Debentures | -
2%₹147 Cr1,500
Godrej Properties Limited
Debentures | -
2%₹115 Cr1,150
TVS Credit Services Limited
Debentures | -
2%₹111 Cr110
TATA Motors Finance Solutions Limited
Debentures | -
2%₹102 Cr1,000
Motilal Oswal Finvest Ltd **
Debentures | -
2%₹100 Cr1,000
↑ 1,000

3. HDFC Medium Term Debt Fund

(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 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% .

Below is the key information for HDFC Medium Term Debt Fund

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.

DateValue
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

HDFC Medium Term Debt Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for HDFC Medium Term Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Shobhit Mehrotra1 Sep 0715.35 Yr.
Priya Ranjan1 May 220.67 Yr.

Data below for HDFC Medium Term Debt Fund as on 31 Dec 22

Asset Allocation
Asset ClassValue
Cash6.37%
Debt93.63%
Debt Sector Allocation
SectorValue
Corporate59.64%
Government34.66%
Cash Equivalent5.69%
Credit Quality
RatingValue
A0.71%
AA30.96%
AAA68.33%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
6.97% Govt Stock 2026
Sovereign Bonds | -
6%₹209 Cr21,000,000
7.1% Govt Stock 2029
Sovereign Bonds | -
5%₹174 Cr17,500,000
6.54% Govt Stock 2032
Sovereign Bonds | -
3%₹114 Cr12,000,000
Green Infra Wind Energy Limited
Debentures | -
3%₹107 Cr1,250
L&T Metro Rail (Hyderabad) Limited
Debentures | -
3%₹98 Cr1,000
Jamnagar Utilities & Power Private Limited
Debentures | -
3%₹96 Cr1,000
7.27% Govt Stock 2026
Sovereign Bonds | -
3%₹95 Cr9,500,000
↓ -500,000
6.1% Govt Stock 2031
Sovereign Bonds | -
3%₹93 Cr10,000,000
Sikka Ports & Terminals Limited
Debentures | -
3%₹93 Cr950
Bajaj Housing Finance Limited
Debentures | -
2%₹87 Cr900

4. Aditya Birla Sun Life Medium Term Plan

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 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% .

Below is the key information for Aditya Birla Sun Life Medium Term Plan

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.

DateValue
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

Aditya Birla Sun Life Medium Term Plan SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125
Invest Now

Returns for Aditya Birla Sun Life Medium Term Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Sunaina Cunha1 Sep 148.34 Yr.
Mohit Sharma6 Aug 202.41 Yr.

Data below for Aditya Birla Sun Life Medium Term Plan as on 31 Dec 22

Asset Allocation
Asset ClassValue
Cash15.63%
Equity2.38%
Debt81.99%
Debt Sector Allocation
SectorValue
Corporate48.52%
Government40.9%
Cash Equivalent8.19%
Credit Quality
RatingValue
A2.61%
AA40.41%
AAA56.98%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.26% Govt Stock 2032
Sovereign Bonds | -
11%₹180 Cr18,000,000
↑ 500,000
6.54% Govt Stock 2032
Sovereign Bonds | -
10%₹157 Cr16,500,000
↓ -2,000,000
Shriram City Union Finance Limited
Debentures | -
6%₹101 Cr1,000
HDFC Bank Limited
Debentures | -
3%₹50 Cr50
↑ 50
Mahindra Rural Housing Finance Limited
Debentures | -
3%₹50 Cr500
Bharti Hexacom Limited
Debentures | -
3%₹47 Cr480
Tata Realty And Infrastructure Limited
Debentures | -
3%₹47 Cr480
JM Financial Credit Solutions Limited
Debentures | -
3%₹45 Cr440
Gic Housing Finance Limited
Debentures | -
2%₹40 Cr400
IRB InvIT Fund Units 2017-Series IV (Industrials)
Equity, Since 31 May 18 | 540526
2%₹39 Cr5,820,000

5. Axis Strategic Bond Fund

(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 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% .

Below is the key information for Axis Strategic Bond Fund

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.

DateValue
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

Axis Strategic Bond Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for Axis Strategic Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Devang Shah5 Nov 1210.16 Yr.
Kaustubh Sule9 Nov 211.14 Yr.

Data below for Axis Strategic Bond Fund as on 31 Dec 22

Asset Allocation
Asset ClassValue
Cash9.08%
Debt90.92%
Debt Sector Allocation
SectorValue
Government50.24%
Corporate40.75%
Cash Equivalent7.48%
Securitized1.53%
Credit Quality
RatingValue
A5.18%
AA30.62%
AAA64.2%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.38% Govt Stock 2027
Sovereign Bonds | -
19%₹303 Cr30,000,000
↓ -2,000,000
7.26% Govt Stock 2032
Sovereign Bonds | -
18%₹288 Cr28,800,000
↓ -500,000
7.42% Govt Stock 2033
Sovereign Bonds | -
5%₹85 Cr8,500,000
7.17% Govt Stock 2028
Sovereign Bonds | -
5%₹80 Cr8,000,000
JM Financial Credit Solutions Limited
Debentures | -
3%₹43 Cr428
Pune Solapur Expressways Pvt. Ltd
Debentures | -
2%₹37 Cr400
Bharti Telecom Limited
Debentures | -
2%₹35 Cr350
Dlf Cyber City Developers Ltd
Debentures | -
2%₹29 Cr300
Muthoot Finance Limited
Debentures | -
2%₹25 Cr250
Navi Finserv Limited
Debentures | -
2%₹25 Cr250

6. L&T Resurgent India Bond Fund 

(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 CAGR/Annualized return of 6.8% since its launch.  Return for 2022 was 2.6% , 2021 was 4.5% and 2020 was 9.7% .

Below is the key information for L&T Resurgent India Bond Fund 

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 Not Rated
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.

DateValue
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

L&T Resurgent India Bond Fund  SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for L&T Resurgent India Bond Fund 

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23

DurationReturns
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
YearReturns
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 
NameSinceTenure
Kapil Punjabi25 Nov 220.1 Yr.
Shriram Ramanathan2 Feb 157.92 Yr.

Data below for L&T Resurgent India Bond Fund  as on 31 Dec 22

Asset Allocation
Asset ClassValue
Cash1.41%
Debt98.59%
Debt Sector Allocation
SectorValue
Corporate56.15%
Government34.33%
Securitized8.11%
Cash Equivalent1.41%
Credit Quality
RatingValue
AA16.01%
AAA83.99%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.54% Govt Stock 2036
Sovereign Bonds | -
15%₹102 Cr10,000,000
7.38% Govt Stock 2027
Sovereign Bonds | -
10%₹68 Cr6,500,000
↓ -7,000,000
7.26% Govt Stock 2032
Sovereign Bonds | -
8%₹51 Cr5,000,000
↑ 5,000,000
Embassy Office Parks Reit
Debentures | -
7%₹50 Cr500
The Tata Power Company Limited
Debentures | -
5%₹31 Cr280
Ongc Petro Additions Limited
Debentures | -
4%₹30 Cr278
Shriram Transport Finance Company Limited
Debentures | -
4%₹27 Cr250
Niif Infrastructure Finance Limited
Debentures | -
4%₹27 Cr250
Bharti Telecom Limited
Debentures | -
4%₹25 Cr250
↑ 250
IIFL Home Finance Limited
Debentures | -
3%₹21 Cr200

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

How to Invest in Bond Funds Online?

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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