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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 ₹80.4472
↓ -0.09 ₹733 5,000 1,000 2.3 5.3 7.6 4.4 6.8 7.69% 7Y 1M 10D 11Y 2M 12D IDFC Bond Fund Long Term Plan Growth ₹59.2988
↓ -0.06 ₹491 5,000 1,000 1.5 4.3 5.6 3.8 6 7.4% 6Y 9M 4D 11Y 4M 2D HDFC Income Fund Growth ₹52.4493
↓ -0.07 ₹758 5,000 300 1.8 4.7 6.6 4 6.1 7.35% 6Y 8M 12D 11Y 3M UTI Bond Fund Growth ₹66.132
↓ -0.08 ₹303 1,000 500 1.5 3.8 6 9.4 6.4 7.43% 6Y 7M 13D 10Y 1M 10D Kotak Bond Fund Growth ₹69.4435
↓ -0.07 ₹1,846 5,000 1,000 1.5 4.2 6.6 4.7 6.8 7.55% 6Y 6M 14D 16Y 5M 1D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Apr 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 (Erstwhile UTI - Bond Fund) The Scheme will retain the flexibility to invest in the entire range of debt and money market instruments. The flexibility is being retained to adjust the portfolio in response to a change in the risk to return equation for asset classes under investment, with a view to maintain risks within manageable limits. UTI Bond Fund is a Debt - Medium to Long term fund was launched on 4 May 98. It is a fund with Moderate risk and has given a Below is the key information for UTI Bond Fund Returns up to 1 year are on (Erstwhile Kotak Bond Regular Plan Growth) To create a portfolio of debt and money market instruments of different maturities
so as to spread the risk across a wide maturity horizon & different kinds of issuers in the debt market. However, there is no assurance that the objective of the scheme will be realized Kotak Bond Fund is a Debt - Medium to Long term fund was launched on 25 Nov 99. It is a fund with Moderate risk and has given a Below is the key information for Kotak Bond Fund Returns up to 1 year are on 1. ICICI Prudential Long Term Bond Fund
CAGR/Annualized return of 8.4% 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 (16 Apr 24) ₹80.4472 ↓ -0.09 (-0.12 %) Net Assets (Cr) ₹733 on 29 Feb 24 Category Debt - Longterm Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.97 Sharpe Ratio 0.77 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.69% Effective Maturity 11 Years 2 Months 12 Days Modified Duration 7 Years 1 Month 10 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹11,392 31 Mar 21 ₹11,954 31 Mar 22 ₹12,175 31 Mar 23 ₹12,602 31 Mar 24 ₹13,689 Returns for ICICI Prudential Long Term Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month -0.2% 3 Month 2.3% 6 Month 5.3% 1 Year 7.6% 3 Year 4.4% 5 Year 6.5% 10 Year 15 Year Since launch 8.4% 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 0.19 Yr. Raunak Surana 22 Jan 24 0.19 Yr. Data below for ICICI Prudential Long Term Bond Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 2.46% Debt 97.33% Other 0.21% Debt Sector Allocation
Sector Value Government 90.67% Corporate 6.66% Cash Equivalent 2.46% Credit Quality
Rating Value AA 7.55% AAA 92.45% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -38% ₹302 Cr 30,000,000
↑ 7,000,000 Bihar (Government of)
- | -13% ₹103 Cr 10,000,000 Punjab, Government of
- | -13% ₹102 Cr 10,000,000 Sikkim (Government of)
- | -13% ₹102 Cr 10,000,000 The Great Eastern Shipping Company Limited
Debentures | -7% ₹53 Cr 536 Bihar (Government of)
- | -4% ₹30 Cr 2,925,200 West Bengal (Government of)
- | -3% ₹25 Cr 2,438,100 7.18% Govt Stock 2037
Sovereign Bonds | -2% ₹18 Cr 1,803,830 Bihar (Government of)
- | -2% ₹18 Cr 1,750,000 West Bengal (Government of)
- | -2% ₹16 Cr 1,602,300 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 (16 Apr 24) ₹59.2988 ↓ -0.06 (-0.11 %) Net Assets (Cr) ₹491 on 29 Feb 24 Category Debt - Longterm Bond AMC IDFC Asset Management Company Limited Rating Risk Moderate Expense Ratio 1.98 Sharpe Ratio 0.29 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 7.4% Effective Maturity 11 Years 4 Months 2 Days Modified Duration 6 Years 9 Months 4 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹11,179 31 Mar 21 ₹11,860 31 Mar 22 ₹12,306 31 Mar 23 ₹12,517 31 Mar 24 ₹13,393 Returns for IDFC Bond Fund Long Term Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month -0.2% 3 Month 1.5% 6 Month 4.3% 1 Year 5.6% 3 Year 3.8% 5 Year 6% 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 13.47 Yr. Sreejith Balasubramanian 31 Aug 23 0.59 Yr. Data below for IDFC Bond Fund Long Term Plan as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 2.01% Debt 97.73% Other 0.26% Debt Sector Allocation
Sector Value Government 80.42% Corporate 17.32% Cash Equivalent 2.01% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -52% ₹257 Cr 25,600,000 Small Industries Development Bank Of India
Debentures | -10% ₹49 Cr 5,000,000 7.3% Govt Stock 2053
Sovereign Bonds | -9% ₹46 Cr 4,500,000 7.26% Govt Stock 2033
Sovereign Bonds | -8% ₹40 Cr 4,000,000
↓ -500,000 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 National Bank For Agriculture And Rural Development
Debentures | -5% ₹25 Cr 2,500,000 Rec Limited
Debentures | -1% ₹7 Cr 700,000
↑ 700,000 Small Industries Development Bank Of India
Debentures | -1% ₹4 Cr 400,000 Corporate Debt Market Development Fund Class A2
Investment Fund | -0% ₹1 Cr 1,254 3. HDFC Income Fund
CAGR/Annualized return of 7.3% 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 (16 Apr 24) ₹52.4493 ↓ -0.07 (-0.14 %) Net Assets (Cr) ₹758 on 29 Feb 24 Category Debt - Medium to Long term AMC HDFC Asset Management Company Limited Rating ☆☆ Risk Moderate Expense Ratio 2.06 Sharpe Ratio 0.4 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 7.35% Effective Maturity 11 Years 3 Months Modified Duration 6 Years 8 Months 12 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,955 31 Mar 21 ₹11,565 31 Mar 22 ₹11,888 31 Mar 23 ₹12,185 31 Mar 24 ₹13,129 Returns for HDFC Income Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month -0.1% 3 Month 1.8% 6 Month 4.7% 1 Year 6.6% 3 Year 4% 5 Year 5.5% 10 Year 15 Year Since launch 7.3% 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 16.57 Yr. Dhruv Muchhal 22 Jun 23 0.78 Yr. Data below for HDFC Income Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 4.34% Debt 95.43% Other 0.23% Debt Sector Allocation
Sector Value Government 85.23% Corporate 9.65% Cash Equivalent 4.34% Securitized 0.54% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -22% ₹171 Cr 17,000,000
↑ 1,500,000 7.41% Govt Stock 2036
Sovereign Bonds | -13% ₹102 Cr 10,000,000 7.54% Govt Stock 2036
Sovereign Bonds | -13% ₹98 Cr 9,500,000 7.18% Govt Stock 2033
Sovereign Bonds | -11% ₹86 Cr 8,500,000 7.26% Govt Stock 2032
Sovereign Bonds | -5% ₹35 Cr 3,500,000 Ntpc Limited
Debentures | -3% ₹26 Cr 250 National Bank for Agriculture and Rural Development
Domestic Bonds | -3% ₹25 Cr 2,500 8.1% Govt Stock 2034
Sovereign Bonds | -3% ₹25 Cr 2,500,000 6.68% Govt Stock 2031
Sovereign Bonds | -3% ₹24 Cr 2,500,000 India Grid TRust
Debentures | -3% ₹23 Cr 230,000 4. UTI Bond Fund
CAGR/Annualized return of 7.6% since its launch. Ranked 11 in Medium to Long term category. Return for 2023 was 6.4% , 2022 was 9.9% and 2021 was 9.4% . UTI Bond Fund
Growth Launch Date 4 May 98 NAV (16 Apr 24) ₹66.132 ↓ -0.08 (-0.12 %) Net Assets (Cr) ₹303 on 29 Feb 24 Category Debt - Medium to Long term AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.63 Sharpe Ratio 0.34 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.43% Effective Maturity 10 Years 1 Month 10 Days Modified Duration 6 Years 7 Months 13 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹8,900 31 Mar 21 ₹9,515 31 Mar 22 ₹10,449 31 Mar 23 ₹11,699 31 Mar 24 ₹12,549 Returns for UTI Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month -0.2% 3 Month 1.5% 6 Month 3.8% 1 Year 6% 3 Year 9.4% 5 Year 4.6% 10 Year 15 Year Since launch 7.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.4% 2022 9.9% 2021 9.4% 2020 1.1% 2019 -5.8% 2018 4% 2017 3.6% 2016 13.9% 2015 6.3% 2014 15.6% Fund Manager information for UTI Bond Fund
Name Since Tenure Sunil Patil 17 Apr 23 0.96 Yr. Data below for UTI Bond Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 3.75% Debt 95.99% Other 0.26% Debt Sector Allocation
Sector Value Government 69.13% Corporate 26.86% Cash Equivalent 3.75% Credit Quality
Rating Value AA 1.65% AAA 98.35% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -56% ₹166 Cr 1,650,000,000
↓ -50,000,000 Power Finance Corporation Ltd.
Debentures | -8% ₹25 Cr 2,500 7.18% Govt Stock 2033
Sovereign Bonds | -8% ₹25 Cr 250,000,000 LIC Housing Finance Ltd
Debentures | -8% ₹25 Cr 250 Jamnagar Utilities And Power Private Limited
Debentures | -7% ₹20 Cr 2,000 07.78 RJ Sdl 2033
Sovereign Bonds | -2% ₹5 Cr 50,000,000 07.74 MH Sgs 2033
Sovereign Bonds | -2% ₹5 Cr 50,000,000 Rural Electrification Corporation Limited
Debentures | -2% ₹5 Cr 500 7.26% Govt Stock 2032
Sovereign Bonds | -2% ₹5 Cr 50,000,000 Piramal Capital & Housing Finance Limited
Debentures | -2% ₹5 Cr 61,600 5. Kotak Bond Fund
CAGR/Annualized return of 8.3% since its launch. Ranked 32 in Medium to Long term category. Return for 2023 was 6.8% , 2022 was 1.7% and 2021 was 2.4% . Kotak Bond Fund
Growth Launch Date 25 Nov 99 NAV (16 Apr 24) ₹69.4435 ↓ -0.07 (-0.10 %) Net Assets (Cr) ₹1,846 on 15 Mar 24 Category Debt - Medium to Long term AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆ Risk Moderate Expense Ratio 1.02 Sharpe Ratio 0.66 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-3 Months (0.2%),3 Months and above(NIL) Yield to Maturity 7.55% Effective Maturity 16 Years 5 Months 1 Day Modified Duration 6 Years 6 Months 14 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹11,118 31 Mar 21 ₹11,875 31 Mar 22 ₹12,382 31 Mar 23 ₹12,763 31 Mar 24 ₹13,749 Returns for Kotak Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month -0.2% 3 Month 1.5% 6 Month 4.2% 1 Year 6.6% 3 Year 4.7% 5 Year 6.5% 10 Year 15 Year Since launch 8.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.8% 2022 1.7% 2021 2.4% 2020 12.3% 2019 10.3% 2018 5.2% 2017 0.9% 2016 14.3% 2015 4.6% 2014 15.1% Fund Manager information for Kotak Bond Fund
Name Since Tenure Abhishek Bisen 15 Apr 08 15.97 Yr. Palha Khanna 3 Jul 23 0.75 Yr. Data below for Kotak Bond Fund as on 15 Mar 24
Asset Allocation
Asset Class Value Cash 6.66% Equity 0.36% Debt 92.73% Other 0.25% Debt Sector Allocation
Sector Value Government 80.98% Corporate 11.76% Cash Equivalent 6.66% Credit Quality
Rating Value AA 3.21% AAA 96.79% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -44% ₹817 Cr 81,250,010
↑ 1,000,000 8.25% Govt Stock 2033
Sovereign Bonds | -16% ₹290 Cr 28,528,570
↓ -2,971,430 7.25% Govt Stock 2063
Sovereign Bonds | -8% ₹144 Cr 14,250,000
↓ -2,500,000 HDFC Bank Limited
Debentures | -4% ₹75 Cr 7,500 7.3% Govt Stock 2053
Sovereign Bonds | -4% ₹74 Cr 7,229,820
↑ 6,214,290 State Bank of India 0.0834%
Domestic Bonds | -3% ₹56 Cr 55 Power Finance Corporation Limited
Debentures | -3% ₹51 Cr 510,900 8.1% Govt Stock 2034
Sovereign Bonds | -2% ₹31 Cr 3,125,000 Maharashtra (Government of) 0.0763%
- | -2% ₹31 Cr 3,000,000 HDFC Bank Limited
Debentures | -1% ₹25 Cr 2,500
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