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Best Bond Mutual Funds 2024

Updated on February 21, 2024 , 27174 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 (%)2023 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Aditya Birla Sun Life Savings Fund Growth ₹494.389
↑ 0.09
₹12,8521.83.57.35.57.27.98%5M 19D6M 4D
PGIM India Insta Cash Fund Growth ₹309.253
↑ 0.06
₹3811.83.57.15.277.4%1M 22D1M 27D
Principal Cash Management Fund Growth ₹2,096.66
↑ 0.41
₹4,5491.83.57.15.277.43%1M 1M
JM Liquid Fund Growth ₹64.9084
↑ 0.01
₹1,6441.83.67.15.277.37%1M 11D1M 14D
Indiabulls Liquid Fund Growth ₹2,296.29
↑ 0.44
₹1761.83.66.956.87.31%1M 17D1M 22D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Feb 24

Bond Funds to Invest for > 1 year

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2023 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
PGIM India Short Maturity Fund Growth ₹39.3202
↓ 0.00
₹281.23.16.14.2 7.18%1Y 7M 28D1Y 11M 1D
Axis Strategic Bond Fund Growth ₹24.949
↓ 0.00
₹1,9442.43.9867.38.19%3Y 9M 18D5Y 4M 20D
Nippon India Strategic Debt Fund Growth ₹13.8336
↓ 0.00
₹12023.27.89.278.36%3Y 5M 1D4Y 8M 1D
ICICI Prudential Short Term Fund Growth ₹53.9572
↓ 0.00
₹18,6911.93.57.75.87.47.93%1Y 11M 19D3Y 11M 8D
UTI Short Term Income Fund Growth ₹28.547
↓ 0.00
₹2,3792.23.87.676.97.83%2Y 6M 7D5Y
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

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2023 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
SBI Magnum Gilt Fund Growth ₹59.4144
↓ -0.04
₹7,8212.94.39.367.67.33%7Y 3M 7D12Y 5M 12D
Aditya Birla Sun Life Government Securities Fund Growth ₹73.5027
↓ -0.05
₹1,4353.64.795.67.17.37%7Y 6M12Y 2M 12D
ICICI Prudential Gilt Fund Growth ₹91.908
↓ -0.05
₹4,6172.23.78.768.37.51%2Y 22D5Y 9M
Nippon India Gilt Securities Fund Growth ₹34.4141
↓ -0.02
₹1,5473.34.38.556.77.38%7Y 5M 23D12Y 1M 28D
UTI Gilt Fund Growth ₹56.6177
↓ -0.04
₹5713.24.28.35.16.77.44%6Y 6M 29D11Y 4M 2D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Feb 24

Best 10-Year Govt. Bond Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2023 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
SBI Magnum Constant Maturity Fund Growth ₹56.6448
↓ -0.04
₹1,61934.18.75.17.57.31%6Y 9M 4D9Y 10M 28D
IDFC Government Securities Fund - Constant Maturity Plan Growth ₹40.4291
↓ -0.03
₹3273.34.48.94.87.47.28%6Y 8M 1D9Y 9M 22D
DSP BlackRock 10Y G-Sec Fund Growth ₹19.3919
↓ -0.01
₹482.848.83.87.77.27%6Y 6M 25D9Y 6M
ICICI Prudential Constant Maturity Gilt Fund Growth ₹21.823
↓ -0.02
₹2,4012.948.85.17.77.3%6Y 7M 6D9Y 6M 4D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Feb 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)

1. Nippon India Strategic Debt Fund

(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 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% .

Below is the key information for Nippon India Strategic Debt Fund

Nippon India Strategic Debt Fund
Growth
Launch Date 26 Jun 14
NAV (23 Feb 24) ₹13.8336 ↓ 0.00   (-0.01 %)
Net Assets (Cr) ₹120 on 31 Jan 24
Category Debt - Medium term Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderate
Expense Ratio 1.93
Sharpe Ratio 0.23
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 8.36%
Effective Maturity 4 Years 8 Months 1 Day
Modified Duration 3 Years 5 Months 1 Day

Growth of 10,000 investment over the years.

DateValue
31 Jan 19₹10,000
31 Jan 20₹9,656
31 Jan 21₹7,328
31 Jan 22₹8,629
31 Jan 23₹8,821
31 Jan 24₹9,476

Nippon India Strategic 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 .
Net Profit of
Invest Now

Returns for Nippon India Strategic 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 23 Feb 24

DurationReturns
1 Month 0.8%
3 Month 2%
6 Month 3.2%
1 Year 7.8%
3 Year 9.2%
5 Year -1%
10 Year
15 Year
Since launch 3.4%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Kinjal Desai25 May 185.69 Yr.
Sushil Budhia1 Feb 204 Yr.
Akshay Sharma1 Dec 221.17 Yr.

Data below for Nippon India Strategic Debt Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash8.22%
Debt91.43%
Other0.34%
Debt Sector Allocation
SectorValue
Corporate53.94%
Government37.49%
Cash Equivalent8.22%
Credit Quality
RatingValue
AA41.12%
AAA58.88%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2037
Sovereign Bonds | -
12%₹15 Cr1,500,000
7.1% Govt Stock 2029
Sovereign Bonds | -
8%₹10 Cr1,000,000
Summit Digitel Infrastructure Limited
Debentures | -
6%₹8 Cr80
Piramal Capital & Housing Finance Limited
Debentures | -
5%₹6 Cr75,000
Mahanagar Telephone Nigam Limited
Debentures | -
4%₹5 Cr500
7.17% Govt Stock 2030
Sovereign Bonds | -
4%₹5 Cr500,000
Manappuram Finance Limited
Debentures | -
4%₹5 Cr500
Godrej Industries Limited
Debentures | -
4%₹5 Cr500
DLF Cyber City Developers Limited 8.4%
Debentures | -
4%₹5 Cr500
↑ 500
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
4%₹5 Cr500

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 2023 was 7% , 2022 was 4.2% and 2021 was 5.5% .

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 (23 Feb 24) ₹40.0313 ↓ -0.01   (-0.03 %)
Net Assets (Cr) ₹6,409 on 31 Jan 24
Category Debt - Medium term Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 1.4
Sharpe Ratio 0.22
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 8.23%
Effective Maturity 4 Years 7 Months 10 Days
Modified Duration 3 Years 4 Days

Growth of 10,000 investment over the years.

DateValue
31 Jan 19₹10,000
31 Jan 20₹10,963
31 Jan 21₹12,020
31 Jan 22₹12,652
31 Jan 23₹13,246
31 Jan 24₹14,202

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 ₹203,125.
Net Profit of ₹23,125
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 23 Feb 24

DurationReturns
1 Month 0.7%
3 Month 2%
6 Month 3.5%
1 Year 7.5%
3 Year 6%
5 Year 7.4%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Manish Banthia7 Nov 167.24 Yr.
Akhil Kakkar22 Jan 240.03 Yr.
Sharmila D’mello1 May 230.76 Yr.

Data below for ICICI Prudential Medium Term Bond Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash7.13%
Debt92.62%
Other0.25%
Debt Sector Allocation
SectorValue
Corporate53.75%
Government40.42%
Cash Equivalent5.58%
Credit Quality
RatingValue
AA44.04%
AAA55.96%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
17%₹1,084 Cr108,137,200
↑ 20,000,000
7.26% Govt Stock 2033
Sovereign Bonds | -
7%₹447 Cr44,456,200
7.06% Govt Stock 2028
Sovereign Bonds | -
6%₹400 Cr40,000,000
Small Industries Development Bank Of India
Debentures | -
3%₹196 Cr19,700
7.38% Govt Stock 2027
Sovereign Bonds | -
3%₹195 Cr19,250,000
7.18% Govt Stock 2037
Sovereign Bonds | -
3%₹177 Cr17,814,400
The Great Eastern Shipping Company Limited
Debentures | -
2%₹149 Cr1,500
TVS Credit Services Limited
Debentures | -
2%₹111 Cr110
Dlf Cyber City Developers Ltd
Debentures | -
2%₹104 Cr1,050
8.25% Govt Stock 2033
Sovereign Bonds | -
2%₹101 Cr10,000,000

3. 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 2023 was 6.1% , 2022 was 3.2% and 2021 was 4.7% .

Below is the key information for Kotak Medium Term Fund

Kotak Medium Term Fund
Growth
Launch Date 25 Mar 14
NAV (23 Feb 24) ₹20.281 ↑ 0.02   (0.09 %)
Net Assets (Cr) ₹1,829 on 31 Jan 24
Category Debt - Medium term Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderate
Expense Ratio 1.29
Sharpe Ratio 0.09
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 8.22%
Effective Maturity 5 Years 8 Months 8 Days
Modified Duration 3 Years 7 Months 10 Days

Growth of 10,000 investment over the years.

DateValue
31 Jan 19₹10,000
31 Jan 20₹10,737
31 Jan 21₹11,546
31 Jan 22₹12,105
31 Jan 23₹12,480
31 Jan 24₹13,372

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 ₹200,132.
Net Profit of ₹20,132
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 23 Feb 24

DurationReturns
1 Month 1.1%
3 Month 2.8%
6 Month 4.4%
1 Year 8.1%
3 Year 5.6%
5 Year 6.1%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Deepak Agrawal25 Mar 149.86 Yr.
sunit garg1 Nov 221.25 Yr.
Palha Khanna3 Jul 230.58 Yr.

Data below for Kotak Medium Term Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash6.19%
Equity6.34%
Debt87.21%
Other0.27%
Debt Sector Allocation
SectorValue
Corporate63.42%
Government23.79%
Cash Equivalent6.19%
Credit Quality
RatingValue
A4.37%
AA30.77%
AAA64.86%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
9%₹174 Cr17,354,450
↓ -500,000
7.18% Govt Stock 2037
Sovereign Bonds | -
8%₹152 Cr15,278,000
↓ -1,500,000
HDFC Bank Limited
Debentures | -
8%₹141 Cr1,400
L&T Metro Rail (Hyderabad) Limited
Debentures | -
5%₹97 Cr1,000
Embassy Office Parks REIT (Real Estate)
-, Since 31 May 21 | 542602
5%₹84 Cr2,418,626
Power Finance Corporation Ltd.
Debentures | -
4%₹75 Cr750
TATA Steel Limited
Debentures | -
4%₹74 Cr750
Sikka Ports & Terminals Limited
Debentures | -
4%₹73 Cr750
Indostar Capital Finance Limited
Debentures | -
3%₹59 Cr6,000
8.12% Govt Stock 2031
Sovereign Bonds | -
3%₹50 Cr5,000,000

4. SBI Magnum Medium Duration Fund

(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 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% .

Below is the key information for SBI Magnum Medium Duration Fund

SBI Magnum Medium Duration Fund
Growth
Launch Date 12 Nov 03
NAV (23 Feb 24) ₹45.8803 ↓ -0.01   (-0.01 %)
Net Assets (Cr) ₹6,680 on 31 Jan 24
Category Debt - Medium term Bond
AMC SBI Funds Management Private Limited
Rating
Risk Moderate
Expense Ratio 1.22
Sharpe Ratio 0.34
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.

DateValue
31 Jan 19₹10,000
31 Jan 20₹11,157
31 Jan 21₹12,409
31 Jan 22₹12,916
31 Jan 23₹13,398
31 Jan 24₹14,389

SBI Magnum Medium Duration Fund 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 SBI Magnum Medium Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Feb 24

DurationReturns
1 Month 0.9%
3 Month 2.1%
6 Month 3.5%
1 Year 7.8%
3 Year 5.5%
5 Year 7.6%
10 Year
15 Year
Since launch 7.8%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Rajeev Radhakrishnan1 Nov 230.25 Yr.
Lokesh Mallya1 Dec 230.17 Yr.
Mohit Jain30 Nov 176.18 Yr.
Pradeep Kesavan1 Dec 230.17 Yr.

Data below for SBI Magnum Medium Duration Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash6.9%
Debt92.83%
Other0.27%
Debt Sector Allocation
SectorValue
Corporate51.87%
Government40.96%
Cash Equivalent6.9%
Credit Quality
RatingValue
A3.47%
AA40.36%
AAA56.18%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
11%₹752 Cr75,000,000
7.18% Govt Stock 2037
Sovereign Bonds | -
5%₹358 Cr36,000,000
Godrej Properties Limited
Debentures | -
5%₹323 Cr32,500
Tata Housing Development Company Limited
Debentures | -
4%₹300 Cr30,000
Jamnagar Utilities And Power Private Limited
Debentures | -
4%₹250 Cr25,000
Avanse Financial Services Limited
Debentures | -
4%₹250 Cr25,000
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
4%₹245 Cr2,500
JM Financial Asset Reconstruction Company Limited
Debentures | -
3%₹235 Cr23,500
Jindal Stainless Limited
Debentures | -
3%₹234 Cr2,400
7.1% Govt Stock 2029
Sovereign Bonds | -
3%₹225 Cr22,500,000

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 2023 was 7.3% , 2022 was 3.8% and 2021 was 5.2% .

Below is the key information for Axis Strategic Bond Fund

Axis Strategic Bond Fund
Growth
Launch Date 28 Mar 12
NAV (23 Feb 24) ₹24.949 ↓ 0.00   (-0.01 %)
Net Assets (Cr) ₹1,944 on 31 Jan 24
Category Debt - Medium term Bond
AMC Axis Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 1.08
Sharpe Ratio 0.38
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.

DateValue
31 Jan 19₹10,000
31 Jan 20₹10,726
31 Jan 21₹11,773
31 Jan 22₹12,393
31 Jan 23₹12,901
31 Jan 24₹13,867

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 23 Feb 24

DurationReturns
1 Month 1%
3 Month 2.4%
6 Month 3.9%
1 Year 8%
3 Year 6%
5 Year 6.9%
10 Year
15 Year
Since launch 8%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Devang Shah5 Nov 1211.25 Yr.
Sachin Jain1 Feb 231 Yr.
Akhil Thakker1 Feb 231 Yr.

Data below for Axis Strategic Bond Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash17.15%
Debt82.85%
Debt Sector Allocation
SectorValue
Government51.11%
Corporate31.8%
Cash Equivalent15.6%
Securitized1.49%
Credit Quality
RatingValue
A4.1%
AA26.73%
AAA69.17%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.38% Govt Stock 2027
Sovereign Bonds | -
24%₹379 Cr37,500,000
↑ 37,450,000
7.26% Govt Stock 2032
Sovereign Bonds | -
19%₹302 Cr30,300,000
↑ 29,600,000
8.25% Govt Stock 2033
Sovereign Bonds | -
5%₹85 Cr8,500,000
↑ 6,600,000
JM Financial Credit Solutions Limited
Debentures | -
3%₹43 Cr428
Pune Solapur Expressways Pvt. Ltd
Debentures | -
2%₹37 Cr400
↑ 400
Bharti Telecom Limited
Debentures | -
2%₹35 Cr350
↑ 250
Dlf Cyber City Developers Ltd
Debentures | -
2%₹29 Cr300
7.1% Govt Stock 2029
Sovereign Bonds | -
2%₹27 Cr2,700,000
↑ 2,500,000
Muthoot Finance Limited
Debentures | -
2%₹25 Cr250
Vivriti Capital Private Limited
Debentures | -
2%₹25 Cr250

6. 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 8.6% 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% .

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 (23 Feb 24) ₹34.0905 ↓ -0.01   (-0.04 %)
Net Assets (Cr) ₹1,889 on 31 Jan 24
Category Debt - Medium term Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderate
Expense Ratio 1.52
Sharpe Ratio 0.15
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 8.14%
Effective Maturity 5 Years 11 Months 12 Days
Modified Duration 3 Years 8 Months 1 Day

Growth of 10,000 investment over the years.

DateValue
31 Jan 19₹10,000
31 Jan 20₹9,671
31 Jan 21₹10,484
31 Jan 22₹11,176
31 Jan 23₹13,971
31 Jan 24₹14,974

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 ₹206,148.
Net Profit of ₹26,148
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 23 Feb 24

DurationReturns
1 Month 0.9%
3 Month 2.1%
6 Month 3.4%
1 Year 7.4%
3 Year 12.5%
5 Year 8.7%
10 Year
15 Year
Since launch 8.6%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Sunaina Cunha1 Sep 149.42 Yr.
Mohit Sharma6 Aug 203.49 Yr.
Dhaval Joshi21 Nov 221.2 Yr.

Data below for Aditya Birla Sun Life Medium Term Plan as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash7.61%
Equity2.14%
Debt89.99%
Other0.25%
Debt Sector Allocation
SectorValue
Government49.55%
Corporate40.44%
Cash Equivalent7.61%
Credit Quality
RatingValue
A3.92%
AA30.42%
AAA65.09%
BBB0.56%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.26% Govt Stock 2033
Sovereign Bonds | -
25%₹473 Cr47,000,000
7.18% Govt Stock 2033
Sovereign Bonds | -
13%₹256 Cr25,500,000
↑ 2,500,000
7.18% Govt Stock 2037
Sovereign Bonds | -
4%₹79 Cr8,000,000
LIC Housing Finance Limited
Debentures | -
3%₹55 Cr550
Creditaccess Grameen Limited
Debentures | -
3%₹50 Cr500,000
Belstar Investment And Finance Private Limited
Debentures | -
3%₹50 Cr5,000
JSW Steel Limited
Debentures | -
3%₹50 Cr500
JM Financial Credit Solutions Limited
Debentures | -
2%₹44 Cr440
IRB InvIT Fund Units 2017-Series IV (Industrials)
Equity, Since 31 May 18 | 540526
2%₹41 Cr5,820,000
JM Financial Products Limited
Debentures | -
2%₹40 Cr4,000

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

How to Invest in Bond Funds Online?

  1. Open Free Investment Account for Lifetime at Fincash.com.

  2. Complete your Registration and KYC Process

  3. Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

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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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