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Top 5 Best Long Term Bond Funds 2023
Looking for the best long term bond funds? These are funds for investors who are looking for mid to long term Investment plan, typically for 3-5 years. Long term bond funds mainly invest in G-secs and corporate Bonds that have medium to long maturity period.
These funds are sensitive to interest rate changes and can be more volatile compared to other debt categories.
Interest Rates & Price in Long Term Bonds
Interest rates & prices of the debt securities have an inverse relationship, that means they move in opposite directions. For example, a falling interest rate is good for bond funds. During the interest rate falls, the bond prices go up and this boost NAVs of the Debt fund schemes.
As a decrease in the interest rates causes a rise in the price of long-term securities, it is advisable to invest in long term debt funds when the interest rates are expected to ease down. Investors who want to invest for a longer duration (i.e., 3 years & above), and can take some level of risk, should ideally invest in this scheme.
Moreover, investors who are comfortable with fluctuating interest rates in the Market can go ahead with these investments. Here are the top 10 best long term bond funds for 2023.
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Top 5 Best Long Term Bond Funds 2023
Fund NAV Net Assets (Cr) Min Investment Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity ICICI Prudential Long Term Bond Fund Growth ₹73.7359
↑ 0.30 ₹588 5,000 1,000 2.2 3.1 4.6 4.3 1.3 7.66% 7Y 1M 6D 11Y 25D Nippon India Income Fund Growth ₹75.1743
↑ 0.30 ₹239 5,000 100 1.9 4.3 4.4 5.1 3.3 7.45% 6Y 5M 5D 9Y 5M 16D LIC MF Bond Fund Growth ₹60.0109
↑ 0.23 ₹117 5,000 1,000 2.2 3.5 3.9 4.4 2.8 7.41% 6Y 1M 24D 8Y 7M 24D SBI Magnum Income Fund Growth ₹58.869
↑ 0.14 ₹1,501 5,000 500 2.1 3.2 4.4 6 3 7.66% 5Y 8M 23D 9Y 25D Canara Robeco Income Fund Growth ₹47.388
↑ 0.16 ₹126 5,000 1,000 1.9 2.4 3.2 4.5 1.6 7.41% 4Y 9M 10D 7Y 4M 20D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 1 Feb 23
(Erstwhile ICICI Prudential Income Plan) To generate income through investments in a range of debt and money market instruments of various maturities with a view to maximising income while maintaining the optimum balance of yield, safety and liquidity. ICICI Prudential Long Term Bond Fund is a Debt - Longterm Bond fund was launched on 9 Jul 98. It is a fund with Moderate risk and has given a Below is the key information for ICICI Prudential Long Term Bond Fund Returns up to 1 year are on The primary investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in Debt & Money Market Instruments. Nippon India Income Fund is a Debt - Medium to Long term fund was launched on 1 Jan 98. It is a fund with Moderate risk and has given a Below is the key information for Nippon India Income Fund Returns up to 1 year are on LIC MF Bond Fund is an open-ended debt scheme, which will endeavor to generate an attractive return for its investors by investing in a portfolio of quality debt securities and money market instruments. However, there is no assurance that the investment objective of the Scheme will be realised. LIC MF Bond Fund is a Debt - Medium to Long term fund was launched on 15 Sep 99. It is a fund with Moderate risk and has given a Below is the key information for LIC MF Bond Fund Returns up to 1 year are on To provide the investors an opportunity to earn, in accordance with their requirements, through capital gains or through regular dividends, returns that would be higher than the returns offered by comparable investment avenues through investment in debt & money market securities. SBI Magnum Income Fund is a Debt - Medium to Long term fund was launched on 25 Nov 98. It is a fund with Moderate risk and has given a Below is the key information for SBI Magnum Income Fund Returns up to 1 year are on (Erstwhile Canara Robeco Income) To generate income through investment in debt and money market securities of different maturity and issuers of different risk profiles. However, there can be no assurance that the investment objective of the scheme will be realized. Canara Robeco Income Fund is a Debt - Medium to Long term fund was launched on 19 Sep 02. It is a fund with Moderate risk and has given a Below is the key information for Canara Robeco Income Fund Returns up to 1 year are on 1. ICICI Prudential Long Term Bond Fund
CAGR/Annualized return of 8.5% since its launch. Ranked 12 in Longterm Bond category. Return for 2022 was 1.3% , 2021 was 0.4% and 2020 was 11% . ICICI Prudential Long Term Bond Fund
Growth Launch Date 9 Jul 98 NAV (01 Feb 23) ₹73.7359 ↑ 0.30 (0.41 %) Net Assets (Cr) ₹588 on 31 Dec 22 Category Debt - Longterm Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 2 Sharpe Ratio -0.89 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.66% Effective Maturity 11 Years 25 Days Modified Duration 7 Years 1 Month 6 Days Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹10,688 31 Jan 20 ₹12,016 31 Jan 21 ₹13,262 31 Jan 22 ₹13,181 31 Jan 23 ₹13,571 Returns for ICICI Prudential Long Term Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Feb 23 Duration Returns 1 Month 0.7% 3 Month 2.2% 6 Month 3.1% 1 Year 4.6% 3 Year 4.3% 5 Year 6.5% 10 Year 15 Year Since launch 8.5% Historical performance (Yearly) on absolute basis
Year Returns 2022 1.3% 2021 0.4% 2020 11% 2019 12.1% 2018 6.8% 2017 4.1% 2016 15.7% 2015 5.1% 2014 16.9% 2013 0.9% Fund Manager information for ICICI Prudential Long Term Bond Fund
Name Since Tenure Manish Banthia 19 Sep 13 9.29 Yr. Anuj Tagra 29 Dec 20 2.01 Yr. Data below for ICICI Prudential Long Term Bond Fund as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 4.84% Debt 95.16% Debt Sector Allocation
Sector Value Government 86.39% Corporate 8.77% Cash Equivalent 4.84% Credit Quality
Rating Value AA 9.32% AAA 90.68% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.54% Govt Stock 2036
Sovereign Bonds | -65% ₹384 Cr 37,841,950 7.26% Govt Stock 2032
Sovereign Bonds | -22% ₹128 Cr 12,833,750
↑ 11,379,650 The Great Eastern Shipping Company Limited
Debentures | -9% ₹52 Cr 536 07.67 TN UDAY 2023
Domestic Bonds | -0% ₹2 Cr 182,200 Indian Railway Finance Corporation Limited
Debentures | -0% ₹1 Cr 06 National Bank For Agriculture And Rural Development
Debentures | -0% ₹0 Cr 01 Net Current Assets
Net Current Assets | -2% ₹14 Cr Treps
CBLO/Reverse Repo | -2% ₹13 Cr 6.54% Govt Stock 2032
Sovereign Bonds | -₹0 Cr 00
↓ -11,379,650 2. Nippon India Income Fund
CAGR/Annualized return of 8.4% since its launch. Ranked 28 in Medium to Long term category. Return for 2022 was 3.3% , 2021 was 1.2% and 2020 was 10.5% . Nippon India Income Fund
Growth Launch Date 1 Jan 98 NAV (01 Feb 23) ₹75.1743 ↑ 0.30 (0.40 %) Net Assets (Cr) ₹239 on 31 Dec 22 Category Debt - Medium to Long term AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Moderate Expense Ratio 1.69 Sharpe Ratio -0.76 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-15 Days (0.25%),15 Days and above(NIL) Yield to Maturity 7.45% Effective Maturity 9 Years 5 Months 16 Days Modified Duration 6 Years 5 Months 5 Days Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹10,683 31 Jan 20 ₹11,939 31 Jan 21 ₹13,151 31 Jan 22 ₹13,336 31 Jan 23 ₹13,821 Returns for Nippon India Income Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Feb 23 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 4.3% 1 Year 4.4% 3 Year 5.1% 5 Year 6.9% 10 Year 15 Year Since launch 8.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 3.3% 2021 1.2% 2020 10.5% 2019 11.4% 2018 6.1% 2017 2.4% 2016 13.8% 2015 5.1% 2014 14.8% 2013 2.8% Fund Manager information for Nippon India Income Fund
Name Since Tenure Vivek Sharma 1 Feb 20 2.92 Yr. Kinjal Desai 25 May 18 4.61 Yr. Akshay Sharma 1 Dec 22 0.08 Yr. Data below for Nippon India Income Fund as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 4.92% Debt 95.08% Debt Sector Allocation
Sector Value Government 84.49% Corporate 10.59% Cash Equivalent 4.92% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.26% Govt Stock 2032
Sovereign Bonds | -29% ₹70 Cr 7,000,000
↑ 2,500,000 6.54% Govt Stock 2032
Sovereign Bonds | -16% ₹38 Cr 4,000,000 7.54% Govt Stock 2036
Sovereign Bonds | -11% ₹25 Cr 2,500,000 7.1% Govt Stock 2029
Sovereign Bonds | -10% ₹25 Cr 2,500,000
↓ -1,500,000 7.41% Govt Stock 2036
Sovereign Bonds | -6% ₹15 Cr 1,500,000
↑ 1,500,000 IRFC TX SR-16E 7.65%
Debentures | -6% ₹15 Cr 150
↑ 150 Bharat Sanchar Nigam Limited
Debentures | -4% ₹10 Cr 110 Mahanagar Telephone Nigam Limited
Debentures | -4% ₹10 Cr 100 7.42% Govt Stock 2033
Sovereign Bonds | -4% ₹10 Cr 1,000,000
↑ 1,000,000 7.69% Govt Stock 2034
Sovereign Bonds | -4% ₹10 Cr 1,000,000
↓ -1,000,000 3. LIC MF Bond Fund
CAGR/Annualized return of 7.8% since its launch. Return for 2022 was 2.8% , 2021 was 1.3% and 2020 was 8.8% . LIC MF Bond Fund
Growth Launch Date 15 Sep 99 NAV (01 Feb 23) ₹60.0109 ↑ 0.23 (0.39 %) Net Assets (Cr) ₹117 on 15 Jan 23 Category Debt - Medium to Long term AMC LIC Mutual Fund Asset Mgmt Co Ltd Rating Risk Moderate Expense Ratio 1.09 Sharpe Ratio -0.82 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 7.41% Effective Maturity 8 Years 7 Months 24 Days Modified Duration 6 Years 1 Month 24 Days Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹10,548 31 Jan 20 ₹11,595 31 Jan 21 ₹12,537 31 Jan 22 ₹12,732 31 Jan 23 ₹13,127 Returns for LIC MF Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Feb 23 Duration Returns 1 Month 0.7% 3 Month 2.2% 6 Month 3.5% 1 Year 3.9% 3 Year 4.4% 5 Year 5.8% 10 Year 15 Year Since launch 7.8% Historical performance (Yearly) on absolute basis
Year Returns 2022 2.8% 2021 1.3% 2020 8.8% 2019 9.7% 2018 4.9% 2017 2.2% 2016 12.3% 2015 5.6% 2014 12.4% 2013 4.1% Fund Manager information for LIC MF Bond Fund
Name Since Tenure Marzban Irani 10 Aug 16 6.4 Yr. Sanjay Pawar 1 Jan 22 1 Yr. Data below for LIC MF Bond Fund as on 15 Jan 23
Asset Allocation
Asset Class Value Cash 10.35% Debt 89.65% Debt Sector Allocation
Sector Value Government 80.66% Cash Equivalent 10.35% Corporate 8.99% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.26% Govt Stock 2032
Sovereign Bonds | -37% ₹43 Cr 4,200,000
↓ -500,000 07.80 GJ Sdl 2032 20 Jul
Sovereign Bonds | -23% ₹26 Cr 2,500,000 07.64 MH Sgs 2032
Sovereign Bonds | -13% ₹15 Cr 1,500,000 Housing Development Finance Corporation Limited
Debentures | -9% ₹10 Cr 100 07.82 GJ Sdl 2032
Sovereign Bonds | -4% ₹5 Cr 500,000 07.86 HR Sdl 2032
Sovereign Bonds | -4% ₹4 Cr 400,000 Treps
CBLO/Reverse Repo | -8% ₹9 Cr Net Receivables / (Payables)
CBLO | -3% ₹3 Cr 4. SBI Magnum Income Fund
CAGR/Annualized return of 7.6% since its launch. Ranked 6 in Medium to Long term category. Return for 2022 was 3% , 2021 was 3.6% and 2020 was 11.6% . SBI Magnum Income Fund
Growth Launch Date 25 Nov 98 NAV (01 Feb 23) ₹58.869 ↑ 0.14 (0.23 %) Net Assets (Cr) ₹1,501 on 31 Dec 22 Category Debt - Medium to Long term AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.46 Sharpe Ratio -0.93 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Yield to Maturity 7.66% Effective Maturity 9 Years 25 Days Modified Duration 5 Years 8 Months 23 Days Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹10,491 31 Jan 20 ₹11,792 31 Jan 21 ₹13,055 31 Jan 22 ₹13,501 31 Jan 23 ₹13,998 Returns for SBI Magnum Income Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Feb 23 Duration Returns 1 Month 0.7% 3 Month 2.1% 6 Month 3.2% 1 Year 4.4% 3 Year 6% 5 Year 7.1% 10 Year 15 Year Since launch 7.6% Historical performance (Yearly) on absolute basis
Year Returns 2022 3% 2021 3.6% 2020 11.6% 2019 11.7% 2018 4.7% 2017 5.7% 2016 13.4% 2015 6% 2014 12.4% 2013 3.9% Fund Manager information for SBI Magnum Income Fund
Name Since Tenure Dinesh Ahuja 31 Jan 11 11.93 Yr. Mohit Jain 30 Nov 17 5.09 Yr. Data below for SBI Magnum Income Fund as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 14.16% Debt 85.84% Debt Sector Allocation
Sector Value Government 63.35% Corporate 22.5% Cash Equivalent 14.16% Credit Quality
Rating Value AA 20.01% AAA 79.99% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.54% Govt Stock 2036
Sovereign Bonds | -29% ₹442 Cr 43,500,000
↑ 5,000,000 7.41% Govt Stock 2036
Sovereign Bonds | -10% ₹151 Cr 15,000,000
↑ 5,000,000 5.63% Govt Stock 2026
Sovereign Bonds | -5% ₹72 Cr 7,500,000
↑ 7,500,000 6.67% Govt Stock 2035
Sovereign Bonds | -5% ₹71 Cr 7,500,000 Tata Realty And Infrastructure Limited
Debentures | -5% ₹69 Cr 700 7.26% Govt Stock 2032
Sovereign Bonds | -4% ₹65 Cr 6,500,000
↓ -24,000,000 Mahanagar Telephone Nigam Limited
Debentures | -4% ₹56 Cr 550 6.64% Govt Stock 2035
Sovereign Bonds | -3% ₹52 Cr 5,510,000 Bharti Telecom Limited
Debentures | -3% ₹50 Cr 500 Aadhar Housing Finance Limited
Debentures | -3% ₹50 Cr 500 5. Canara Robeco Income Fund
CAGR/Annualized return of 7.9% since its launch. Return for 2022 was 1.6% , 2021 was 1.9% and 2020 was 10.1% . Canara Robeco Income Fund
Growth Launch Date 19 Sep 02 NAV (01 Feb 23) ₹47.388 ↑ 0.16 (0.33 %) Net Assets (Cr) ₹126 on 31 Dec 22 Category Debt - Medium to Long term AMC Canara Robeco Asset Management Co. Ltd. Rating Risk Moderate Expense Ratio 1.88 Sharpe Ratio -1.5 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 7.41% Effective Maturity 7 Years 4 Months 20 Days Modified Duration 4 Years 9 Months 10 Days Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹10,569 31 Jan 20 ₹11,687 31 Jan 21 ₹12,778 31 Jan 22 ₹12,986 31 Jan 23 ₹13,295 Returns for Canara Robeco Income Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Feb 23 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 2.4% 1 Year 3.2% 3 Year 4.5% 5 Year 6% 10 Year 15 Year Since launch 7.9% Historical performance (Yearly) on absolute basis
Year Returns 2022 1.6% 2021 1.9% 2020 10.1% 2019 10.3% 2018 5.2% 2017 3.5% 2016 12.7% 2015 5.6% 2014 13.9% 2013 5.3% Fund Manager information for Canara Robeco Income Fund
Name Since Tenure Avnish Jain 25 Jun 14 8.53 Yr. Kunal Jain 18 Jul 22 0.46 Yr. Data below for Canara Robeco Income Fund as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 13.11% Debt 86.89% Debt Sector Allocation
Sector Value Government 78.85% Cash Equivalent 13.11% Corporate 8.04% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.26% Govt Stock 2032
Sovereign Bonds | -20% ₹25 Cr 2,500,000
↑ 750,000 7.41% Govt Stock 2036
Sovereign Bonds | -12% ₹15 Cr 1,500,000
↑ 500,000 7.1% Govt Stock 2029
Sovereign Bonds | -12% ₹15 Cr 1,500,000 7.54% Govt Stock 2036
Sovereign Bonds | -8% ₹10 Cr 1,000,000
↓ -1,000,000 7.38% Govt Stock 2027
Sovereign Bonds | -8% ₹10 Cr 1,000,000 5.74% Govt Stock 2026
Sovereign Bonds | -8% ₹10 Cr 1,000,000 Power Finance Corporation Ltd.
Debentures | -4% ₹5 Cr 50 LIC Housing Finance Limited
Debentures | -4% ₹5 Cr 50 7.27% Govt Stock 2026
Sovereign Bonds | -4% ₹5 Cr 500,000 Power Grid Corporation Of India Limited
Debentures | -4% ₹5 Cr 50
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