Table of Contents
Best Bond Mutual Funds 2024
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 (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Aditya Birla Sun Life Savings Fund Growth ₹510.581
↑ 0.13 ₹14,888 1.8 3.9 7.4 6 7.2 7.89% 5M 16D 6M 7D Indiabulls Liquid Fund Growth ₹2,367.5
↑ 0.38 ₹198 1.8 3.7 7.3 5.6 6.8 7.19% 2M 2D 2M 3D Principal Cash Management Fund Growth ₹2,161.34
↑ 0.39 ₹6,130 1.7 3.7 7.3 5.8 7 7.28% 1M 24D 1M 24D PGIM India Insta Cash Fund Growth ₹318.771
↑ 0.06 ₹399 1.7 3.6 7.3 5.8 7 7.25% 2M 2D 2M 4D JM Liquid Fund Growth ₹66.8763
↑ 0.01 ₹2,358 1.7 3.6 7.2 5.8 7 7.25% 1M 21D 1M 25D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 Jul 24
Bond Funds to Invest for > 1 year
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 Axis Strategic Bond Fund Growth ₹25.8236
↑ 0.02 ₹1,939 2.4 4.4 7.6 6.1 7.3 8.19% 3Y 8M 23D 6Y 1M 6D Aditya Birla Sun Life Medium Term Plan Growth ₹35.374
↑ 0.03 ₹1,862 2.9 4.6 7.6 12.7 6.9 7.94% 3Y 7M 24D 4Y 11M 16D ICICI Prudential Short Term Fund Growth ₹55.7755
↑ 0.04 ₹18,396 2.1 4 7.5 6.1 7.4 7.94% 2Y 2M 26D 4Y 3M 4D UTI Short Term Income Fund Growth ₹29.4281
↑ 0.01 ₹2,572 2 4 7.2 7.2 6.9 7.36% 2Y 8M 26D 2Y 9M 4D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 29 Sep 23
Bond Funds to Invest for > 3 years
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 Government Securities Fund Growth ₹76.1132
↑ 0.04 ₹1,673 3.5 5.1 8.5 5.8 7.1 7.14% 8Y 4M 20D 16Y 7M 20D SBI Magnum Gilt Fund Growth ₹61.6086
↑ 0.05 ₹8,825 3.4 5 8.3 6.5 7.6 7.2% 8Y 8M 1D 19Y 2M 1D UTI Gilt Fund Growth ₹58.5713
↑ 0.04 ₹643 3.1 4.9 8 5.6 6.7 6.95% 6Y 3M 8Y 3M Canara Robeco Gilt Fund Growth ₹70.806
↑ 0.03 ₹113 3.2 4.9 7.9 5.3 6.5 7.17% 9Y 10M 15D 25Y 7M 7D Nippon India Gilt Securities Fund Growth ₹35.6097
↑ 0.02 ₹1,626 3.3 5 7.9 5.3 6.7 7.19% 8Y 7M 13D 17Y 5M 12D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 Jul 24
Best 10-Year Govt. Bond Funds
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 ₹58.6406
↑ 0.06 ₹1,646 3.2 4.8 7.6 5.5 7.5 7.18% 6Y 7M 28D 9Y 8M 26D IDFC Government Securities Fund - Constant Maturity Plan Growth ₹41.9575
↑ 0.05 ₹332 3.4 5.1 8.1 5.2 7.4 7.16% 6Y 10M 10D 10Y 1M 28D ICICI Prudential Constant Maturity Gilt Fund Growth ₹22.5979
↑ 0.02 ₹2,317 3.1 4.6 7.5 5.4 7.7 7.16% 6Y 7M 28D 9Y 6M 29D DSP BlackRock 10Y G-Sec Fund Growth ₹20.0739
↑ 0.02 ₹53 3 4.6 7.4 4.4 7.7 7.13% 6Y 9M 11D 9Y 7M 28D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 Jul 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)
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 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 (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 (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 1. 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 Jul 24) ₹20.9662 ↑ 0.01 (0.07 %) Net Assets (Cr) ₹1,658 on 30 Jun 24 Category Debt - Medium term Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 1.29 Sharpe Ratio 0.66 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 8.47% Effective Maturity 5 Years 7 Months 2 Days Modified Duration 3 Years 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,820 30 Jun 21 ₹11,599 30 Jun 22 ₹11,939 30 Jun 23 ₹12,651 30 Jun 24 ₹13,645 Returns for Kotak Medium Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Jul 24 Duration Returns 1 Month 0.8% 3 Month 2.2% 6 Month 4.4% 1 Year 8.1% 3 Year 5.7% 5 Year 6.4% 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 10.28 Yr. Sunit garg 1 Nov 22 1.67 Yr. Palha Khanna 3 Jul 23 1 Yr. Data below for Kotak Medium Term Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 6.88% Equity 5.8% Debt 85.66% Other 1.67% Debt Sector Allocation
Sector Value Corporate 64.23% Government 21.42% Cash Equivalent 6.88% Credit Quality
Rating Value A 8.42% AA 37.67% AAA 53.91% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -15% ₹255 Cr 25,243,450
↓ -500,000 HDFC Bank Limited
Debentures | -5% ₹76 Cr 750 TATA Steel Limited
Debentures | -5% ₹75 Cr 750 India Grid Trust 0.0788%
Debentures | -4% ₹65 Cr 6,500 Pipeline Infrastructure Ltd. 0.0796%
Debentures | -4% ₹63 Cr 6,280 Embassy Office Parks REIT (Real Estate)
-, Since 31 May 21 | EMBASSY4% ₹61 Cr 1,718,035 Prestige Projects Private Limited 0.1175%
Debentures | -4% ₹60 Cr 6,000 Indostar Capital Finance Limited
Debentures | -4% ₹60 Cr 6,000 7.3% Govt Stock 2053
Sovereign Bonds | -3% ₹51 Cr 5,000,000 Mindspace Business Parks Reit
Debentures | -3% ₹50 Cr 5,000 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 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 Jul 24) ₹41.3385 ↑ 0.03 (0.06 %) Net Assets (Cr) ₹6,093 on 15 Jul 24 Category Debt - Medium term Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderate Expense Ratio 1.4 Sharpe Ratio -0.08 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 8.3% Effective Maturity 4 Years 9 Months 14 Days Modified Duration 3 Years 3 Months 29 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,997 30 Jun 21 ₹11,981 30 Jun 22 ₹12,356 30 Jun 23 ₹13,286 30 Jun 24 ₹14,213 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 Jul 24 Duration Returns 1 Month 0.7% 3 Month 2.3% 6 Month 3.9% 1 Year 7.2% 3 Year 5.9% 5 Year 7.2% 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 7.65 Yr. Akhil Kakkar 22 Jan 24 0.44 Yr. Sharmila D’mello 1 May 23 1.17 Yr. Data below for ICICI Prudential Medium Term Bond Fund as on 15 Jul 24
Asset Allocation
Asset Class Value Cash 7.31% Debt 92.42% Other 0.27% Debt Sector Allocation
Sector Value Corporate 61% Government 33.06% Cash Equivalent 5.67% Credit Quality
Rating Value AA 50.88% AAA 49.12% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -16% ₹1,002 Cr 99,179,500
↓ -14,875,000 7.1% Govt Stock 2034
Sovereign Bonds | -8% ₹481 Cr 47,697,200
↑ 24,875,000 7.26% Govt Stock 2033
Sovereign Bonds | -6% ₹349 Cr 34,400,000
↓ -10,000,000 The Great Eastern Shipping Company Limited
Debentures | -2% ₹149 Cr 1,500 Pipeline Infrastructure Ltd.
Debentures | -2% ₹125 Cr 12,400 TVS Credit Services Limited
Debentures | -2% ₹112 Cr 110 Torrent Power Limited
Debentures | -2% ₹105 Cr 10,500 Dlf Cyber City Developers Ltd
Debentures | -2% ₹105 Cr 1,050 8.34% Govt Stock 2033
Sovereign Bonds | -2% ₹102 Cr 10,000,000 Nirma Limited
Debentures | -2% ₹100 Cr 10,000 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 Jul 24) ₹47.3905 ↑ 0.03 (0.05 %) Net Assets (Cr) ₹5,923 on 15 Jul 24 Category Debt - Medium term Bond AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Moderate Expense Ratio 1.22 Sharpe Ratio -0.11 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 8.2% Effective Maturity 6 Years 1 Month 17 Days Modified Duration 3 Years 9 Months 7 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,290 30 Jun 21 ₹12,057 30 Jun 22 ₹12,341 30 Jun 23 ₹13,286 30 Jun 24 ₹14,211 Returns for SBI Magnum Medium Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Jul 24 Duration Returns 1 Month 0.7% 3 Month 2.3% 6 Month 4.1% 1 Year 7.2% 3 Year 5.7% 5 Year 7.1% 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 0.66 Yr. Lokesh Mallya 1 Dec 23 0.58 Yr. Mohit Jain 30 Nov 17 6.59 Yr. Pradeep Kesavan 1 Dec 23 0.58 Yr. Data below for SBI Magnum Medium Duration Fund as on 15 Jul 24
Asset Allocation
Asset Class Value Cash 3.38% Debt 96.3% Other 0.31% Debt Sector Allocation
Sector Value Corporate 58.4% Government 37.91% Cash Equivalent 3.38% Credit Quality
Rating Value A 8.09% AA 42.39% AAA 49.52% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -14% ₹813 Cr 80,500,000
↓ -2,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -9% ₹542 Cr 53,500,000 7.3% Govt Stock 2053
Sovereign Bonds | -6% ₹360 Cr 35,000,000 Tata Housing Development Company Limited
Debentures | -5% ₹300 Cr 30,000 Godrej Properties Limited
Debentures | -5% ₹300 Cr 30,000 Avanse Financial Services Limited
Debentures | -4% ₹251 Cr 25,000 Jamnagar Utilities And Power Private Limited
Debentures | -4% ₹251 Cr 25,000 JM Financial Asset Reconstruction Company Limited
Debentures | -4% ₹234 Cr 23,500 Jindal Stainless Limited
Debentures | -4% ₹234 Cr 2,400 Yes Bank Limited
Debentures | -4% ₹218 Cr 2,250 4. 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 Jul 24) ₹25.8236 ↑ 0.02 (0.06 %) Net Assets (Cr) ₹1,939 on 30 Jun 24 Category Debt - Medium term Bond AMC Axis Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.08 Sharpe Ratio 0.39 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 6 Years 1 Month 6 Days Modified Duration 3 Years 8 Months 23 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,030 30 Jun 21 ₹11,880 30 Jun 22 ₹12,273 30 Jun 23 ₹13,193 30 Jun 24 ₹14,176 Returns for Axis Strategic Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Jul 24 Duration Returns 1 Month 0.7% 3 Month 2.4% 6 Month 4.4% 1 Year 7.6% 3 Year 6.1% 5 Year 7.1% 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 11.66 Yr. Sachin Jain 1 Feb 23 1.41 Yr. Akhil Thakker 1 Feb 23 1.41 Yr. Data below for Axis Strategic Bond Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 6.9% Debt 92.84% Other 0.26% Debt Sector Allocation
Sector Value Corporate 54.21% Government 38.77% Cash Equivalent 5.37% Securitized 1.4% Credit Quality
Rating Value A 7.45% AA 35.07% AAA 57.48% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -11% ₹209 Cr 20,700,000
↓ -3,500,000 7.23% Govt Stock 2039
Sovereign Bonds | -6% ₹122 Cr 12,000,000
↑ 5,500,000 Nirma Limited
Debentures | -3% ₹60 Cr 6,000 7.18% Govt Stock 2037
Sovereign Bonds | -3% ₹57 Cr 5,600,000 Aadhar Housing Finance Ltd. 8.65%
Debentures | -3% ₹55 Cr 5,500 DLF Cyber City Developers Limited 8.4%
Debentures | -3% ₹55 Cr 5,500 Rajasthan (Government of ) 7.52%
- | -3% ₹51 Cr 5,000,000 Mahanagar Telephone Nigam Limited
Debentures | -3% ₹50 Cr 5,000 Tata Projects Limited
Debentures | -3% ₹49 Cr 4,900 Magma Housing Finance Limited
Debentures | -2% ₹47 Cr 4,750 5. Nippon India Strategic Debt Fund
CAGR/Annualized return of 3.6% 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 Jul 24) ₹14.3108 ↑ 0.01 (0.06 %) Net Assets (Cr) ₹118 on 30 Jun 24 Category Debt - Medium term Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.93 Sharpe Ratio -0.39 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 8.09% Effective Maturity 4 Years 6 Months 25 Days Modified Duration 3 Years 3 Months 22 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹7,643 30 Jun 21 ₹7,802 30 Jun 22 ₹8,998 30 Jun 23 ₹9,617 30 Jun 24 ₹10,260 Returns for Nippon India Strategic Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Jul 24 Duration Returns 1 Month 0.8% 3 Month 2.3% 6 Month 4.2% 1 Year 7% 3 Year 5.1% 5 Year 0.6% 10 Year 15 Year Since launch 3.6% 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 6.11 Yr. Sushil Budhia 1 Feb 20 4.42 Yr. Akshay Sharma 1 Dec 22 1.58 Yr. Data below for Nippon India Strategic Debt Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 6.57% Debt 93.06% Other 0.37% Debt Sector Allocation
Sector Value Corporate 57.35% Government 35.71% Cash Equivalent 6.57% Credit Quality
Rating Value AA 46.99% AAA 53.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -17% ₹20 Cr 2,000,000 Summit Digitel Infrastructure Limited
Debentures | -7% ₹8 Cr 80 Pipeline Infrastructure Ltd. 7.96%
Debentures | -4% ₹5 Cr 500 7.1% Govt Stock 2034
Sovereign Bonds | -4% ₹5 Cr 500,000 7.17% Govt Stock 2030
Sovereign Bonds | -4% ₹5 Cr 500,000 Aadhar Housing Finance Limited
Debentures | -4% ₹5 Cr 500 Shriram Housing Finance Limited 9.25%
Debentures | -4% ₹5 Cr 500 DLF Cyber City Developers Limited 8.4%
Debentures | -4% ₹5 Cr 500 JSW Steel Limited
Debentures | -4% ₹5 Cr 50 Godrej Properties Limited
Debentures | -4% ₹5 Cr 500 6. HDFC Medium Term Debt Fund
CAGR/Annualized return of 7.6% since its launch. Ranked 22 in Medium term Bond category. Return for 2023 was 6.7% , 2022 was 2.9% and 2021 was 5% . HDFC Medium Term Debt Fund
Growth Launch Date 6 Feb 02 NAV (26 Jul 24) ₹52.1899 ↑ 0.04 (0.08 %) Net Assets (Cr) ₹4,139 on 30 Jun 24 Category Debt - Medium term Bond AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 1.3 Sharpe Ratio -0.25 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 7.95% Effective Maturity 5 Years 3 Months 25 Days Modified Duration 3 Years 6 Months 29 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,874 30 Jun 21 ₹11,748 30 Jun 22 ₹12,006 30 Jun 23 ₹12,878 30 Jun 24 ₹13,761 Returns for HDFC Medium Term Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Jul 24 Duration Returns 1 Month 0.8% 3 Month 2.3% 6 Month 4.1% 1 Year 7.1% 3 Year 5.5% 5 Year 6.5% 10 Year 15 Year Since launch 7.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.7% 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% Fund Manager information for HDFC Medium Term Debt Fund
Name Since Tenure Shobhit Mehrotra 1 Sep 07 16.84 Yr. Dhruv Muchhal 22 Jun 23 1.02 Yr. Data below for HDFC Medium Term Debt Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 3.79% Equity 0.6% Debt 95.35% Other 0.26% Debt Sector Allocation
Sector Value Corporate 58.09% Government 37% Cash Equivalent 3.19% Securitized 0.87% Credit Quality
Rating Value AA 29.01% AAA 70.99% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -7% ₹304 Cr 30,047,700 6.54% Govt Stock 2032
Sovereign Bonds | -4% ₹146 Cr 15,000,000 Tata Steel Limited
Debentures | -4% ₹146 Cr 14,500 7.26% Govt Stock 2033
Sovereign Bonds | -3% ₹127 Cr 12,500,000
↓ -500,000 Small Business Fincredit India Private Limited
Debentures | -2% ₹99 Cr 10,000 Kalpataru Power Transmission Limited
Debentures | -2% ₹99 Cr 10,000
↑ 10,000 Jamnagar Utilities & Power Private Limited
Debentures | -2% ₹97 Cr 1,000 6.1% Govt Stock 2031
Sovereign Bonds | -2% ₹95 Cr 10,000,000 7.23% Govt Stock 2039
Sovereign Bonds | -2% ₹87 Cr 8,500,000
↑ 3,500,000 7.18% Govt Stock 2033
Sovereign Bonds | -2% ₹76 Cr 7,500,000
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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