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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 HDFC Income Fund Growth ₹54.1148
↑ 0.05 ₹805 5,000 300 3 5 7.7 4.7 6.1 7.3% 6Y 10M 20D 11Y 8M 1D ICICI Prudential Long Term Bond Fund Growth ₹82.9633
↑ 0.09 ₹847 5,000 1,000 3 5.4 8 5.2 6.8 7.34% 6Y 9M 25D 10Y 7M 2D IDFC Bond Fund Long Term Plan Growth ₹61.1239
↑ 0.04 ₹490 5,000 1,000 3 4.5 7 4.3 6 7.32% 6Y 9M 7D 11Y 10M 6D Kotak Bond Fund Growth ₹71.6565
↑ 0.07 ₹1,982 5,000 1,000 3 4.5 7.5 5.4 6.8 7.33% 6Y 7M 24D 14Y 9M 14D Nippon India Income Fund Growth ₹83.7835
↑ 0.08 ₹335 5,000 100 3 4.5 7.3 5.5 6.8 7.19% 6Y 7M 17D 10Y 7M 10D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 Jul 24
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 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 (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 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 1. 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 (26 Jul 24) ₹54.1148 ↑ 0.05 (0.08 %) Net Assets (Cr) ₹805 on 30 Jun 24 Category Debt - Medium to Long term AMC HDFC Asset Management Company Limited Rating ☆☆ Risk Moderate Expense Ratio 2.06 Sharpe Ratio 0.12 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 7.3% Effective Maturity 11 Years 8 Months 1 Day Modified Duration 6 Years 10 Months 20 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,980 30 Jun 21 ₹11,410 30 Jun 22 ₹11,340 30 Jun 23 ₹12,137 30 Jun 24 ₹13,023 Returns for HDFC Income 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 3% 6 Month 5% 1 Year 7.7% 3 Year 4.7% 5 Year 5.3% 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 16.81 Yr. Dhruv Muchhal 22 Jun 23 1.02 Yr. Data below for HDFC Income Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 6.31% Debt 93.47% Other 0.23% Debt Sector Allocation
Sector Value Government 83.8% Corporate 9.2% Cash Equivalent 6.31% Securitized 0.46% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -21% ₹172 Cr 17,000,000 7.41% Govt Stock 2036
Sovereign Bonds | -13% ₹103 Cr 10,000,000 7.54% Govt Stock 2036
Sovereign Bonds | -12% ₹99 Cr 9,500,000 7.18% Govt Stock 2033
Sovereign Bonds | -9% ₹76 Cr 7,500,000 7.23% Govt Stock 2039
Sovereign Bonds | -6% ₹46 Cr 4,500,000 7.1% Govt Stock 2034
Sovereign Bonds | -4% ₹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 2. 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 (26 Jul 24) ₹82.9633 ↑ 0.09 (0.11 %) Net Assets (Cr) ₹847 on 15 Jul 24 Category Debt - Longterm Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.97 Sharpe Ratio 0.28 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.34% Effective Maturity 10 Years 7 Months 2 Days Modified Duration 6 Years 9 Months 25 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,219 30 Jun 21 ₹11,495 30 Jun 22 ₹11,335 30 Jun 23 ₹12,305 30 Jun 24 ₹13,257 Returns for ICICI Prudential Long 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 3% 6 Month 5.4% 1 Year 8% 3 Year 5.2% 5 Year 5.5% 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 0.44 Yr. Raunak Surana 22 Jan 24 0.44 Yr. Data below for ICICI Prudential Long Term Bond Fund as on 15 Jul 24
Asset Allocation
Asset Class Value Cash 4.61% Debt 95.14% Other 0.26% Debt Sector Allocation
Sector Value Government 88.86% Corporate 6.27% Cash Equivalent 4.61% Credit Quality
Rating Value AA 6.59% AAA 93.41% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -41% ₹351 Cr 34,737,500
↓ -6,500,000 7.1% Govt Stock 2034
Sovereign Bonds | -13% ₹111 Cr 10,960,500
↑ 6,500,000 Bihar (Government of)
- | -12% ₹103 Cr 10,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -11% ₹97 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 3. 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 (26 Jul 24) ₹61.1239 ↑ 0.04 (0.06 %) Net Assets (Cr) ₹490 on 30 Jun 24 Category Debt - Longterm Bond AMC IDFC Asset Management Company Limited Rating Risk Moderate Expense Ratio 1.98 Sharpe Ratio -0.17 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 7.32% Effective Maturity 11 Years 10 Months 6 Days Modified Duration 6 Years 9 Months 7 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,319 30 Jun 21 ₹11,614 30 Jun 22 ₹11,578 30 Jun 23 ₹12,328 30 Jun 24 ₹13,143 Returns for IDFC Bond Fund Long Term Plan
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 3% 6 Month 4.5% 1 Year 7% 3 Year 4.3% 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 13.72 Yr. Sreejith Balasubramanian 31 Aug 23 0.83 Yr. Data below for IDFC Bond Fund Long Term Plan as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 2.43% Debt 97.3% Other 0.26% Debt Sector Allocation
Sector Value Government 83.25% Corporate 14.05% Cash Equivalent 2.43% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.3% Govt Stock 2053
Sovereign Bonds | -34% ₹169 Cr 16,400,000
↑ 9,800,000 7.32% Govt Stock 2030
Sovereign Bonds | -29% ₹140 Cr 13,800,000
↑ 13,500,000 6.54% Govt Stock 2032
Sovereign Bonds | -9% ₹44 Cr 4,500,000
↑ 500,000 Tata Capital Financial Services Limited
Debentures | -9% ₹42 Cr 4,200,000
↑ 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 National Bank For Agriculture And Rural Development
Debentures | -5% ₹25 Cr 2,500,000 7.18% Govt Stock 2037
Sovereign Bonds | -1% ₹4 Cr 400,000
↓ -23,300,000 Rec Limited
Debentures | -0% ₹2 Cr 200,000 Corporate Debt Market Development Fund Class A2
Investment Fund | -0% ₹1 Cr 1,254 4. 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 (26 Jul 24) ₹71.6565 ↑ 0.07 (0.09 %) Net Assets (Cr) ₹1,982 on 30 Jun 24 Category Debt - Medium to Long term AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆ Risk Moderate Expense Ratio 1.02 Sharpe Ratio 0.12 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 7.33% Effective Maturity 14 Years 9 Months 14 Days Modified Duration 6 Years 7 Months 24 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,235 30 Jun 21 ₹11,695 30 Jun 22 ₹11,780 30 Jun 23 ₹12,654 30 Jun 24 ₹13,573 Returns for Kotak 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 3% 6 Month 4.5% 1 Year 7.5% 3 Year 5.4% 5 Year 6.1% 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 16.22 Yr. Palha Khanna 3 Jul 23 0.99 Yr. Data below for Kotak Bond Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 6.92% Equity 0.34% Debt 92.48% Other 0.26% Debt Sector Allocation
Sector Value Government 81.41% Corporate 11.07% Cash Equivalent 6.92% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -23% ₹456 Cr 45,038,680 7.18% Govt Stock 2033
Sovereign Bonds | -14% ₹287 Cr 28,433,330 8.34% Govt Stock 2033
Sovereign Bonds | -11% ₹217 Cr 21,153,570
↓ -2,000,000 7.3% Govt Stock 2053
Sovereign Bonds | -8% ₹159 Cr 15,429,820
↑ 1,000,000 7.25% Govt Stock 2063
Sovereign Bonds | -7% ₹145 Cr 14,250,000 7.37% Govt Stock 2028
Sovereign Bonds | -5% ₹102 Cr 10,000,000 HDFC Bank Limited
Debentures | -4% ₹75 Cr 7,500 7.34% Govt Stock 2064
Sovereign Bonds | -3% ₹67 Cr 6,500,000 7.32% Govt Stock 2030
Sovereign Bonds | -3% ₹51 Cr 5,000,000 Power Finance Corporation Limited
Debentures | -3% ₹50 Cr 510,900 5. Nippon India Income Fund
CAGR/Annualized return of 8.3% 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 (26 Jul 24) ₹83.7835 ↑ 0.08 (0.09 %) Net Assets (Cr) ₹335 on 30 Jun 24 Category Debt - Medium to Long term AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Moderate Expense Ratio 1.7 Sharpe Ratio -0.07 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 7.19% Effective Maturity 10 Years 7 Months 10 Days Modified Duration 6 Years 7 Months 17 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,255 30 Jun 21 ₹11,505 30 Jun 22 ₹11,558 30 Jun 23 ₹12,576 30 Jun 24 ₹13,442 Returns for Nippon India Income 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 3% 6 Month 4.5% 1 Year 7.3% 3 Year 5.5% 5 Year 5.9% 10 Year 15 Year Since launch 8.3% 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 4.42 Yr. Kinjal Desai 25 May 18 6.11 Yr. Data below for Nippon India Income Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 6.12% Debt 93.63% Other 0.25% Debt Sector Allocation
Sector Value Government 89.15% Cash Equivalent 6.12% Corporate 4.48% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -30% ₹101 Cr 10,000,000 7.18% Govt Stock 2033
Sovereign Bonds | -30% ₹101 Cr 10,000,000 7.1% Govt Stock 2029
Sovereign Bonds | -14% ₹45 Cr 4,500,000 7.3% Govt Stock 2053
Sovereign Bonds | -8% ₹26 Cr 2,500,000 7.32% Govt Stock 2030
Sovereign Bonds | -6% ₹20 Cr 2,000,000 LIC Housing Finance Ltd
Debentures | -4% ₹15 Cr 150 Indian Railway Finance Corporation Limited
Debentures | -2% ₹5 Cr 50 Corporate Debt Market Development Fund Class A2
Investment Fund | -0% ₹1 Cr 820
↑ 159 7.26% Govt Stock 2029
Sovereign Bonds | -0% ₹0 Cr 300 08.19 RJ UDAY 2026
Domestic Bonds | -0% ₹0 Cr 90
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