Table of Contents

HDFC Corporate Bond Fund (Erstwhile HDFC Medium Term Opportunities Fund)
Aditya Birla Sun Life Corporate Bond Fund (Erstwhile Aditya Birla Sun Life Short Term Fund)
HDFC Corporate Bond Fund Vs Aditya Birla Sun Life Corporate Bond Fund

HDFC Corporate Bond Fund Vs Aditya Birla Sun Life Corporate Bond Fund

Updated on September 20, 2023 , 2338 views

HDFC Corporate Bond Fund Vs Aditya Birla Sun Life Corporate Bond Fund both belong to the corporate category of Mutual Funds. Corporate bond funds are essentially a certificate of debt issued by major companies. These are issued as a way of raising money for businesses. Corporate bond funds are a great option when it comes to good return and low-risk type investment. Investors can earn a regular Income which is usually higher than that you would get as interest on your Fixed Deposits (FDs). As both the funds belong to the same category, here's a comparative article that will help investors in choosing the ideal fund. So, let us understand the differences between HDFC Corporate Bond Fund and Aditya Birla Sun Life Corporate Bond Fund through this article.

HDFC Corporate Bond Fund (Erstwhile HDFC Medium Term Opportunities Fund)

HDFC Corporate Bond Fund, earlier known as HDFC Medium Term Opportunities Fund, was launched in the year 2010. The fund is an open-ended income scheme that mainly invests in debt/ money market instruments and government Bonds with an average maturity of 60 months. HDFC Corporate Bond Fund can be considered for short-term investment goals.

Some of the top holdings of the fund (as on 31st July 2018) are Power Finance Corporation Ltd, Net Current Assets, ONGC Petro Additions Limited, Food Corporation Of India, ONGC Petro Additions Limited, etc.

Aditya Birla Sun Life Corporate Bond Fund (Erstwhile Aditya Birla Sun Life Short Term Fund)

Aditya Birla Sun Life Corporate Bond Fund, earlier known as Aditya Birla Sun Life Short Term Fund, was launched in the year 1997. The fund is an open-ended income scheme that seeks to generate income and Capital appreciation by Investing 100 percent of the corpus in a diversified Portfolio of debt and money Market securities.

Some of the top holdings of the fund as on July 31, 2018, are 6.84% Govt Stock 2022, ONGC Petro Additions Limited, 7.17% Govt Stock 2028, Reliance Jio Infocomm Limited, National Bank For Agriculture And Rural Development, etc.

HDFC Corporate Bond Fund Vs Aditya Birla Sun Life Corporate Bond Fund

Though both the funds belong to the same fund house and same category yet; there exists a difference between them with respect to AUM, current NAV, Fincash Ratings and much more. These differences are divided into four sections, namely, Basics Section, Performance Section, Yearly Performance Section, and Other Details Section. So, let us understand the differences between both the funds based on these sections.

Basics Section

The various comparable parameters in case of basics section are Scheme Category, AUM, expense ratio, Fincash Ratings, and Current NAV. To begin with the Scheme Category, it can be said that both the schemes belong to the same category that is, Corporate Bond Debt.

As per Fincash Ratings, we can say that both the fund is rated as 5-Star scheme.

The table given below summarizes the elements of this section.

Parameters
Basics	NAV
	Net Assets (Cr)
	Launch Date
	Rating
	Category
	Sub Cat.
	Category Rank
	Risk
	Expense Ratio
	Sharpe Ratio
	Information Ratio
	Alpha Ratio
	Benchmark
	Exit Load

HDFC Corporate Bond Fund Growth Fund Details
₹28.0379 ↓ 0.00 (-0.01 %)
₹26,407 on 31 Jul 23
29 Jun 10
☆☆☆☆☆
Debt
Corporate Bond
2
Moderately Low
0.59
0.63
0
0
Not Available
NIL

Aditya Birla Sun Life Corporate Bond Fund Growth Fund Details
₹97.1847 ↑ 0.01 (0.01 %)
₹17,961 on 31 Jul 23
3 Mar 97
☆☆☆☆☆
Debt
Corporate Bond
1
Moderately Low
0.47
0.69
0
0
Not Available
NIL

Performance Section

This section compares the CAGR or Compounded Annual Growth Rate for both the schemes at various time periods. Some of the time periods for which the performance is compared are 1 Month Returns, 6 Month Returns, 1 Year Returns and Returns Since Inception. In most instances Aditya Birla Sun Life Corporate Bond Fund has performed better than that of HDFC Corporate Bond Fund. The table given below shows the CAGR performance of both the schemes.

Parameters
Performance	1 Month
	3 Month
	6 Month
	1 Year
	3 Year
	5 Year
	Since launch

HDFC Corporate Bond Fund Growth Fund Details
0.4%
1.4%
4.1%
6.8%
5.2%
7.4%
8.2%

Aditya Birla Sun Life Corporate Bond Fund Growth Fund Details
0.4%
1.5%
3.9%
6.8%
5.4%
7.5%
9%

Ready to Invest?
Talk to our investment specialist

Yearly Performance

Yearly performance between both the schemes compares the absolute returns generated by each scheme for a particular year. In case of yearly performance, there is not much difference between the returns generated between both the schemes. The summary of yearly performance section is tabulated as follows.

Parameters
Yearly Performance	2022
	2021
	2020
	2019
	2018

HDFC Corporate Bond Fund Growth Fund Details
3.3%
3.9%
11.8%
10.3%
6.5%

Aditya Birla Sun Life Corporate Bond Fund Growth Fund Details
4.1%
4%
11.9%
9.6%
7%

Other Details Section

This is the last section of comparing funds. The comparable parameters that form part of Other Details Section include Minimum SIP and Lumpsum Investment. Being a part of the same fund house, the Minimum SIP and Lumpsum Investment for both HDFC Balanced Fund and HDFC Prudence Fund are different. The minimum SIP investment for HDFC's fund is INR 500, while for Aditya Birla's fund it is INR 1,000. The minimum lump sum for Aditya Birla Sun Life Corporate Bond Fund is INR 1,000 and for HDFC Corporate Bond Fund is it INR 5,000.

The table given below summarizes the other details section.

HDFC Corporate Bond Fund is jointly managed by Anupam Joshi and Rakesh Vyas.

Aditya Birla Sun Life Corporate Bond Fund is jointly managed by two fund manager- Maneesh Dangi and Kaustubh Gupta.

Parameters
Other Details	Min SIP Investment
Other Details	Min Investment
Fund Manager

HDFC Corporate Bond Fund Growth Fund Details
₹300
₹5,000
Anupam Joshi - 7.85 Yr.

Aditya Birla Sun Life Corporate Bond Fund Growth Fund Details
₹100
₹1,000
Kaustubh Gupta - 2.39 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.

IDFC Corporate Bond Fund Growth Fund Details

Date	Value
31 Aug 18	₹10,000
31 Aug 19	₹10,899
31 Aug 20	₹12,040
31 Aug 21	₹12,790
31 Aug 22	₹13,023
31 Aug 23	₹13,822

Growth of 10,000 investment over the years.

Aditya Birla Sun Life Corporate Bond Fund Growth Fund Details

Date	Value
31 Aug 18	₹10,000
31 Aug 19	₹11,052
31 Aug 20	₹12,260
31 Aug 21	₹13,050
31 Aug 22	₹13,470
31 Aug 23	₹14,398

Detailed Assets & Holdings Comparison

Asset Allocation

IDFC Corporate Bond Fund Growth Fund Details

Asset Class	Value
Cash	20.15%
Debt	79.85%

Debt Sector Allocation

Sector	Value
Corporate	49.12%
Government	35.95%
Cash Equivalent	14.93%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Limited Debentures \| -	7%	₹1,022 Cr	102,500,000
National Bank For Agriculture And Rural Development Debentures \| -	6%	₹867 Cr	87,500,000
364 DTB 14032024 Sovereign Bonds \| -	6%	₹843 Cr	87,500,000
Ultratech Cement Limited Debentures \| -	5%	₹709 Cr	71,500,000
National Housing Bank Debentures \| -	5%	₹654 Cr	66,000,000 ↑ 2,500,000
National Housing Bank Debentures \| -	4%	₹596 Cr	59,500,000 ↑ 2,500,000
Axis Bank Limited Debentures \| -	4%	₹515 Cr	51,500,000
Rural Electrification Corporation Limited Debentures \| -	3%	₹429 Cr	43,500,000 ↑ 5,000,000
Export Import Bank Of India Debentures \| -	3%	₹410 Cr	41,500,000
Indian Railway Finance Corporation Limited Debentures \| -	3%	₹407 Cr	40,500,000

Asset Allocation

Aditya Birla Sun Life Corporate Bond Fund Growth Fund Details

Asset Class	Value
Cash	4.97%
Debt	95.03%

Debt Sector Allocation

Sector	Value
Corporate	55.28%
Government	38.44%
Cash Equivalent	4.97%
Securitized	1.31%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.26% Govt Stock 2033 Sovereign Bonds \| -	6%	₹1,032 Cr	102,589,300 ↑ 12,500,000
8.51% Govt Stock 2033 Sovereign Bonds \| -	5%	₹830 Cr	81,808,500 ↑ 9,000,000
7.06% Govt Stock 2028 Sovereign Bonds \| -	4%	₹717 Cr	72,000,000 ↑ 32,000,000
7.38% Govt Stock 2027 Sovereign Bonds \| -	3%	₹629 Cr	62,500,000 ↑ 1,000,000
Mahindra & Mahindra Financial Services Ltd Debentures \| -	3%	₹602 Cr	60,000
7.93% Govt Stock 2034 Sovereign Bonds \| -	3%	₹579 Cr	58,137,700 ↓ -2,500,000
National Bank For Agriculture And Rural Development Debentures \| -	3%	₹528 Cr	5,300
Rural Electrification Corporation Limited Debentures \| -	2%	₹423 Cr	42,500
07.18 Goi 2037 Sovereign Bonds \| -	2%	₹380 Cr	38,192,600 ↑ 4,000,000
Small Industries Development Bank Of India Debentures \| -	2%	₹360 Cr	36,050

Thus, from the above pointers, it can be said that both the schemes are different in case of various parameters though they belong to the same category and fund house. Therefore, individuals should always do a detailed study about a scheme before investing in it. They should check whether the fund’s objective is in-line with their objective. If required, people can consult a financial advisor for advice. This will ensure that their investment is safe and it paves way for wealth creation.