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Top 5 Best Long Term Bond Funds 2024
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 2024.
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Top 5 Best Long Term Bond Funds 2024
Fund NAV Net Assets (Cr) Min Investment Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity ICICI Prudential Long Term Bond Fund Growth ₹84.3941
↑ 0.12 ₹856 5,000 1,000 3 4.6 9.7 5.3 6.8 7.26% 6Y 10M 20D 10Y 6M 14D IDFC Bond Fund Long Term Plan Growth ₹62.0059
↑ 0.05 ₹492 5,000 1,000 2.6 4.2 8.3 4.5 6 7.31% 6Y 8M 26D 13Y 7M 6D HDFC Income Fund Growth ₹54.964
↑ 0.05 ₹844 5,000 300 2.8 4.6 9.1 4.9 6.1 7.16% 6Y 8M 5D 11Y 1M 28D Nippon India Income Fund Growth ₹85.1171
↑ 0.08 ₹338 5,000 100 2.8 4.4 8.6 5.6 6.8 7.09% 6Y 8M 1D 10Y 6M 22D Aditya Birla Sun Life Income Fund Growth ₹118.635
↑ 0.11 ₹1,995 1,000 1,000 2.7 4.4 8.3 5.5 6.6 7.34% 6Y 7M 17D 12Y 2M 19D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 13 Sep 24
(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 (Erstwhile IDFC Super Saver Income Fund - Investment Plan) The primary investment objective of the scheme is to seek to generate stable returns with a low-risk strategy by creating a portfolio that is invested in good quality fixed income & Money Market securities. However, there can be no assurance that the investment objectives of the scheme will be realized. IDFC Bond Fund Long Term Plan is a Debt - Longterm Bond fund was launched on 14 Jul 00. It is a fund with Moderate risk and has given a Below is the key information for IDFC Bond Fund Long Term Plan Returns up to 1 year are on Aims to optimise returns while maintaining a balance of safety, yield and liquidity. HDFC Income Fund is a Debt - Medium to Long term fund was launched on 11 Sep 00. It is a fund with Moderate risk and has given a Below is the key information for HDFC Income 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 (Erstwhile Aditya Birla Sun Life Income Plus) An Open-ended Income Scheme to generate consistent income through superior yields on its investments at moderate levels of risk through a diversified investment approach. This income may be complemented by price changes of instruments in the portfolio. Aditya Birla Sun Life Income Fund is a Debt - Medium to Long term fund was launched on 21 Oct 95. It is a fund with Moderate risk and has given a Below is the key information for Aditya Birla Sun Life 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 2023 was 6.8% , 2022 was 1.3% and 2021 was 0.4% . ICICI Prudential Long Term Bond Fund
Growth Launch Date 9 Jul 98 NAV (13 Sep 24) ₹84.3941 ↑ 0.12 (0.14 %) Net Assets (Cr) ₹856 on 31 Jul 24 Category Debt - Longterm Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.97 Sharpe Ratio 0.6 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.26% Effective Maturity 10 Years 6 Months 14 Days Modified Duration 6 Years 10 Months 20 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,888 31 Aug 21 ₹11,232 31 Aug 22 ₹11,354 31 Aug 23 ₹12,061 31 Aug 24 ₹13,134 Returns for ICICI Prudential Long Term Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 24 Duration Returns 1 Month 1.1% 3 Month 3% 6 Month 4.6% 1 Year 9.7% 3 Year 5.3% 5 Year 5.7% 10 Year 15 Year Since launch 8.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.8% 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% Fund Manager information for ICICI Prudential Long Term Bond Fund
Name Since Tenure Manish Banthia 22 Jan 24 0.52 Yr. Raunak Surana 22 Jan 24 0.52 Yr. Data below for ICICI Prudential Long Term Bond Fund as on 31 Jul 24
Asset Allocation
Asset Class Value Cash 3.97% Debt 95.78% Other 0.25% Debt Sector Allocation
Sector Value Government 89.65% Corporate 6.13% Cash Equivalent 3.97% Credit Quality
Rating Value AA 6.46% AAA 93.54% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -38% ₹328 Cr 32,237,500 7.1% Govt Stock 2034
Sovereign Bonds | -18% ₹157 Cr 15,460,500
↑ 500,000 Bihar (Government of)
- | -12% ₹103 Cr 10,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -11% ₹98 Cr 9,603,830 The Great Eastern Shipping Company Limited
Debentures | -6% ₹53 Cr 536 West Bengal (Government of)
- | -3% ₹25 Cr 2,438,100 Bihar (Government of)
- | -2% ₹18 Cr 1,750,000 West Bengal (Government of)
- | -2% ₹17 Cr 1,602,300 West Bengal (Government of)
- | -1% ₹10 Cr 1,000,000 Uttar Pradesh (Government of)
- | -1% ₹9 Cr 894,800 2. IDFC Bond Fund Long Term Plan
CAGR/Annualized return of 7.8% since its launch. Return for 2023 was 6% , 2022 was 0.6% and 2021 was 1.2% . IDFC Bond Fund Long Term Plan
Growth Launch Date 14 Jul 00 NAV (13 Sep 24) ₹62.0059 ↑ 0.05 (0.09 %) Net Assets (Cr) ₹492 on 31 Jul 24 Category Debt - Longterm Bond AMC IDFC Asset Management Company Limited Rating Risk Moderate Expense Ratio 1.98 Sharpe Ratio 0.11 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-365 Days (1%),365 Days and above(NIL) Yield to Maturity 7.31% Effective Maturity 13 Years 7 Months 6 Days Modified Duration 6 Years 8 Months 26 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,853 31 Aug 21 ₹11,378 31 Aug 22 ₹11,431 31 Aug 23 ₹12,017 31 Aug 24 ₹12,944 Returns for IDFC Bond Fund Long Term Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 24 Duration Returns 1 Month 1.1% 3 Month 2.6% 6 Month 4.2% 1 Year 8.3% 3 Year 4.5% 5 Year 5.4% 10 Year 15 Year Since launch 7.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 6% 2022 0.6% 2021 1.2% 2020 11.8% 2019 10.4% 2018 6.6% 2017 3.1% 2016 12.9% 2015 5.9% 2014 15.5% Fund Manager information for IDFC Bond Fund Long Term Plan
Name Since Tenure Suyash Choudhary 15 Oct 10 13.8 Yr. Brijesh Shah 10 Jun 24 0.14 Yr. Data below for IDFC Bond Fund Long Term Plan as on 31 Jul 24
Asset Allocation
Asset Class Value Cash 13.81% Debt 85.91% Other 0.27% Debt Sector Allocation
Sector Value Government 71.47% Corporate 26.32% Cash Equivalent 1.94% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.3% Govt Stock 2053
Sovereign Bonds | -37% ₹175 Cr 16,900,000 7.18% Govt Stock 2033
Sovereign Bonds | -27% ₹130 Cr 12,800,000 Tata Capital Financial Services Limited
Debentures | -9% ₹42 Cr 4,200,000 Bajaj Housing Finance Ltd. 8.04%
Debentures | -5% ₹25 Cr 2,500,000 National Bank For Agriculture And Rural Development
Debentures | -5% ₹25 Cr 2,500,000 7.17% Govt Stock 2030
Sovereign Bonds | -1% ₹5 Cr 500,000
↓ -900,000 6.54% Govt Stock 2032
Sovereign Bonds | -1% ₹5 Cr 500,000 Rec Limited
Debentures | -0% ₹2 Cr 200,000 Corporate Debt Market Development Fund Class A2
Investment Fund | -0% ₹1 Cr 1,254 6.79% Govt Stock 2027
Sovereign Bonds | -0% ₹1 Cr 100,000 3. HDFC Income Fund
CAGR/Annualized return of 7.4% since its launch. Ranked 29 in Medium to Long term category. Return for 2023 was 6.1% , 2022 was 0.9% and 2021 was 2.1% . HDFC Income Fund
Growth Launch Date 11 Sep 00 NAV (13 Sep 24) ₹54.964 ↑ 0.05 (0.10 %) Net Assets (Cr) ₹844 on 31 Jul 24 Category Debt - Medium to Long term AMC HDFC Asset Management Company Limited Rating ☆☆ Risk Moderate Expense Ratio 1.53 Sharpe Ratio 0.44 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 7.16% Effective Maturity 11 Years 1 Month 28 Days Modified Duration 6 Years 8 Months 5 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,775 31 Aug 21 ₹11,279 31 Aug 22 ₹11,334 31 Aug 23 ₹11,967 31 Aug 24 ₹12,980 Returns for HDFC Income Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 24 Duration Returns 1 Month 1.1% 3 Month 2.8% 6 Month 4.6% 1 Year 9.1% 3 Year 4.9% 5 Year 5.5% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.1% 2022 0.9% 2021 2.1% 2020 9.3% 2019 8.7% 2018 3.6% 2017 1.3% 2016 14.5% 2015 5.3% 2014 15.7% Fund Manager information for HDFC Income Fund
Name Since Tenure Shobhit Mehrotra 11 Sep 07 16.9 Yr. Dhruv Muchhal 22 Jun 23 1.11 Yr. Data below for HDFC Income Fund as on 31 Jul 24
Asset Allocation
Asset Class Value Cash 7.12% Debt 92.63% Other 0.25% Debt Sector Allocation
Sector Value Government 83.32% Corporate 8.83% Cash Equivalent 7.12% Securitized 0.48% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -21% ₹174 Cr 17,000,000 7.41% Govt Stock 2036
Sovereign Bonds | -12% ₹104 Cr 10,000,000 7.54% Govt Stock 2036
Sovereign Bonds | -12% ₹100 Cr 9,500,000 7.18% Govt Stock 2033
Sovereign Bonds | -9% ₹76 Cr 7,500,000 7.23% Govt Stock 2039
Sovereign Bonds | -8% ₹67 Cr 6,500,000 7.1% Govt Stock 2034
Sovereign Bonds | -3% ₹29 Cr 2,879,300 Ntpc Limited
Debentures | -3% ₹26 Cr 250 8% Govt Stock 2034
Sovereign Bonds | -3% ₹25 Cr 2,500,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -3% ₹25 Cr 2,500 6.68% Govt Stock 2031
Sovereign Bonds | -3% ₹25 Cr 2,500,000 4. Nippon India Income Fund
CAGR/Annualized return of 8.4% since its launch. Ranked 28 in Medium to Long term category. Return for 2023 was 6.8% , 2022 was 3.3% and 2021 was 1.2% . Nippon India Income Fund
Growth Launch Date 1 Jan 98 NAV (13 Sep 24) ₹85.1171 ↑ 0.08 (0.10 %) Net Assets (Cr) ₹338 on 31 Jul 24 Category Debt - Medium to Long term AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Moderate Expense Ratio 1.43 Sharpe Ratio 0.24 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 7.09% Effective Maturity 10 Years 6 Months 22 Days Modified Duration 6 Years 8 Months 1 Day Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,845 31 Aug 21 ₹11,306 31 Aug 22 ₹11,507 31 Aug 23 ₹12,316 31 Aug 24 ₹13,310 Returns for Nippon India Income Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 24 Duration Returns 1 Month 1.1% 3 Month 2.8% 6 Month 4.4% 1 Year 8.6% 3 Year 5.6% 5 Year 6% 10 Year 15 Year Since launch 8.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.8% 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% Fund Manager information for Nippon India Income Fund
Name Since Tenure Vivek Sharma 1 Feb 20 4.5 Yr. Kinjal Desai 25 May 18 6.19 Yr. Data below for Nippon India Income Fund as on 31 Jul 24
Asset Allocation
Asset Class Value Cash 5.74% Debt 94.01% Other 0.24% Debt Sector Allocation
Sector Value Government 89.68% Cash Equivalent 5.74% Corporate 4.33% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -32% ₹112 Cr 11,000,000 7.18% Govt Stock 2033
Sovereign Bonds | -31% ₹107 Cr 10,500,000
↑ 500,000 7.1% Govt Stock 2029
Sovereign Bonds | -13% ₹46 Cr 4,500,000 7.3% Govt Stock 2053
Sovereign Bonds | -7% ₹26 Cr 2,500,000 7.32% Govt Stock 2030
Sovereign Bonds | -4% ₹15 Cr 1,500,000 LIC Housing Finance Ltd
Debentures | -4% ₹15 Cr 150 Indian Railway Finance Corporation Limited
Debentures | -1% ₹5 Cr 50 Corporate Debt Market Development Fund Class A2
Investment Fund | -0% ₹1 Cr 820 7.26% Govt Stock 2029
Sovereign Bonds | -0% ₹0 Cr 300 08.19 RJ UDAY 2026
Domestic Bonds | -0% ₹0 Cr 90 5. Aditya Birla Sun Life Income Fund
CAGR/Annualized return of 8.9% since its launch. Ranked 26 in Medium to Long term category. Return for 2023 was 6.6% , 2022 was 2.4% and 2021 was 4% . Aditya Birla Sun Life Income Fund
Growth Launch Date 21 Oct 95 NAV (13 Sep 24) ₹118.635 ↑ 0.11 (0.09 %) Net Assets (Cr) ₹1,995 on 15 Aug 24 Category Debt - Medium to Long term AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 1.03 Sharpe Ratio 0.14 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.34% Effective Maturity 12 Years 2 Months 19 Days Modified Duration 6 Years 7 Months 17 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹11,000 31 Aug 21 ₹11,699 31 Aug 22 ₹11,962 31 Aug 23 ₹12,718 31 Aug 24 ₹13,701 Returns for Aditya Birla Sun Life Income Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 24 Duration Returns 1 Month 1.1% 3 Month 2.7% 6 Month 4.4% 1 Year 8.3% 3 Year 5.5% 5 Year 6.6% 10 Year 15 Year Since launch 8.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.6% 2022 2.4% 2021 4% 2020 12.8% 2019 9.5% 2018 5.1% 2017 2.8% 2016 14.4% 2015 4.6% 2014 16% Fund Manager information for Aditya Birla Sun Life Income Fund
Name Since Tenure Bhupesh Bameta 6 Aug 20 3.99 Yr. Dhaval Joshi 21 Nov 22 1.69 Yr. Data below for Aditya Birla Sun Life Income Fund as on 15 Aug 24
Asset Allocation
Asset Class Value Cash 2.75% Equity 0.5% Debt 96.5% Other 0.25% Debt Sector Allocation
Sector Value Government 69.85% Corporate 26.65% Cash Equivalent 2.75% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -19% ₹371 Cr 36,293,050
↑ 4,000,000 7.3% Govt Stock 2053
Sovereign Bonds | -15% ₹301 Cr 29,079,750
↓ -4,500,000 7.18% Govt Stock 2033
Sovereign Bonds | -13% ₹267 Cr 26,244,600 LIC Housing Finance Ltd
Debentures | -3% ₹61 Cr 600 7.36 RJ Sgs 2034
Sovereign Bonds | -3% ₹60 Cr 6,000,000
↑ 3,500,000 Small Industries Development Bank Of India
Debentures | -3% ₹60 Cr 600 Small Industries Development Bank Of India
Debentures | -3% ₹53 Cr 530 HDFC Bank Limited
Debentures | -2% ₹49 Cr 500
↑ 250 LIC Housing Finance Ltd
Debentures | -2% ₹49 Cr 500 7.25% Govt Stock 2063
Sovereign Bonds | -2% ₹47 Cr 4,606,100
↓ -1,000,000
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