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Table of Contents
- Types of Corporate Bond Funds
- Who Should Invest in Corporate Bonds?
- Features of Corporate Bond Funds
- Top Rated Corporate Bond Mutual Funds FY 22 - 23
- Additional Features of Corporate Bonds
- How to Invest in Corporate Bond Funds Online?
Top 10 Debt - Corporate Bond Funds
- Nippon India Prime Debt Fund
- ICICI Prudential Corporate Bond Fund
- Sundaram Corporate Bond Fund
- Kotak Corporate Bond Fund Standard
- Aditya Birla Sun Life Corporate Bond Fund
- Franklin India Corporate Debt Fund
- HDFC Corporate Bond Fund
- IDFC Corporate Bond Fund
- Canara Robeco Corporate Bond Fund
- Invesco India Corporate Bond Fund
10 Corporate Bond Mutual Funds to Invest 2022 - 2023
In recent years, a new route to Investing directly in companies has opened up through Corporate Bonds. 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).
Companies that have a threat of going bust also usually offer higher interest rates. Investors who are keen to invest in corporate bond funds can consider the schemes belows in the article.
Types of Corporate Bond Funds
There are broadly two types of funds –
- Corporate bonds that invest in high-rated companies, i.e, - public sector unit (PSU) companies and banks
- Corporate bonds investing in slightly lower rates companies such as 'AA-'
Who Should Invest in Corporate Bonds?
These funds are a good option for the investors who are looking for higher Fixed Income as well as a safe investment. Corporate bonds ensure Capital protection. If you are planning to invest in this fund, then it is advisable to put a majority of funds in high-quality debt instruments so that you earn optimal returns.
Features of Corporate Bond Funds
Price of the bond
Every bond has a price. One can buy the same bond at different prices, based on the time one chooses to buy.
Par value
par value is basically the loan principal. It is the amount the company, i.e., the bond issuer gives you when the bond matures. In India, a corporate bond’s Par value is usually INR 1000.
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Top Rated Corporate Bond Mutual Funds FY 22 - 23
(Erstwhile Reliance Medium Term Fund) The primary investment objective of the Scheme is to generate regular income in order to make regular dividend payments to unit-holders and the secondary objective is growth of capital. Nippon India Prime Debt Fund is a Debt - Corporate Bond fund was launched on 14 Sep 00. It is a fund with Moderately Low risk and has given a Below is the key information for Nippon India Prime Debt Fund Returns up to 1 year are on (Erstwhile ICICI Prudential Ultra Short Term Plan) ICICI Prudential Ultra Short Term Plan is an open-ended income fund that intends to generate regular income through investments in a basket of debt and money market instruments of very short maturities with a view to providing reasonable returns, while maintaining an optimum balance of safety, liquidity and yield. However, there can be no assurance that the investment objective of the scheme will be realized. ICICI Prudential Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 11 Aug 09. It is a fund with Moderately Low risk and has given a Below is the key information for ICICI Prudential Corporate Bond Fund Returns up to 1 year are on (Erstwhile Sundaram Flexible Fund-Flexible Income Plan) To generate reasonable returns by creating a portfolio
comprising substantially of fixed income instruments and
money market instruments by keeping the interest rate risk
of the fund low. Sundaram Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 30 Dec 04. It is a fund with Moderately Low risk and has given a Below is the key information for Sundaram Corporate Bond Fund Returns up to 1 year are on The primary objective of the Scheme is to generate income through investment primarily in low duration debt & money market securities. However, there is no
assurance that the objective of the scheme will be realized. Kotak Corporate Bond Fund Standard is a Debt - Corporate Bond fund was launched on 21 Sep 07. It is a fund with Moderately Low risk and has given a Below is the key information for Kotak Corporate Bond Fund Standard Returns up to 1 year are on (Erstwhile Aditya Birla Sun Life Short Term Fund) An Open-ended income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a diversified portfolio of debt and money market securities. Aditya Birla Sun Life Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 3 Mar 97. It is a fund with Moderately Low risk and has given a Below is the key information for Aditya Birla Sun Life Corporate Bond Fund Returns up to 1 year are on (Erstwhile Franklin India Income Builder Account - Plan A) The investment objective of the Scheme is primarily to provide investors Regular income under the Dividend Plan and Capital appreciation under the Growth Plan. Franklin India Corporate Debt Fund is a Debt - Corporate Bond fund was launched on 23 Jun 97. It is a fund with Moderate risk and has given a Below is the key information for Franklin India Corporate Debt Fund Returns up to 1 year are on (Erstwhile HDFC Medium Term Opportunities Fund) To generate regular income through investments in Debt/
Money Market Instruments and Government Securities with
maturities not exceeding 60 months. HDFC Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 29 Jun 10. It is a fund with Moderately Low risk and has given a Below is the key information for HDFC Corporate Bond Fund Returns up to 1 year are on The Fund seeks to provide steady income and capital appreciation by investing primarily in corporate debt securities across maturities and ratings. There is no assurance or guarantee that the objectives of the scheme will be realised. IDFC Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 12 Jan 16. It is a fund with Moderate risk and has given a Below is the key information for IDFC Corporate Bond Fund Returns up to 1 year are on (Erstwhile Canara Robeco Medium Term Opportunities Fund) The investment objective of the scheme is to generate income and capital appreciation through a portfolio constituted of medium term debt instruments and money market instruments. However, there can be no assurance that the investment objective of the scheme will be realized. Canara Robeco Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 7 Feb 14. It is a fund with Moderate risk and has given a Below is the key information for Canara Robeco Corporate Bond Fund Returns up to 1 year are on (Erstwhile Invesco India Active Income Fund) To generate optimal returns while maintaining liquidity through active management of the portfolio by investing in debt and money market instruments. As the portfolio of the scheme will be actively managed, the Scheme may have a high turnover in order to achieve the investment objective. Invesco India Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 2 Aug 07. It is a fund with Moderate risk and has given a Below is the key information for Invesco India Corporate Bond Fund Returns up to 1 year are on Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2021 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Nippon India Prime Debt Fund Growth ₹47.575
↑ 0.00 ₹2,745 -0.2 0.8 3.2 6.4 4.7 6.88% 1Y 6M 29D 1Y 11M 26D ICICI Prudential Corporate Bond Fund Growth ₹23.6408
↓ 0.00 ₹17,438 0.1 0.7 2.8 6.7 4.1 6.4% 1Y 1M 20D 4Y 5M 8D Sundaram Corporate Bond Fund Growth ₹32.5517
↑ 0.00 ₹1,104 0 0.9 2.7 7 3.5 6.29% 10M 17D 11M 14D Kotak Corporate Bond Fund Standard Growth ₹3,018.39
↑ 0.11 ₹9,454 -0.3 0.5 2.7 6.2 3.8 6.42% 1Y 29D 2Y 6M 29D Aditya Birla Sun Life Corporate Bond Fund Growth ₹89.5897
↑ 0.01 ₹15,349 -0.4 0.6 2.7 6.9 4 7.14% 1Y 8M 19D 2Y 8M 23D Franklin India Corporate Debt Fund Growth ₹79.9934
↑ 0.00 ₹760 -0.3 0.4 2.4 5.7 3.8 6.27% 1Y 22D 1Y 2M 16D HDFC Corporate Bond Fund Growth ₹25.8135
↓ -0.01 ₹22,197 -1.1 -0.4 2 6.6 3.9 6.53% 2Y 5M 12D 4Y 7M 24D IDFC Corporate Bond Fund Growth ₹15.5509
↑ 0.00 ₹16,791 -1 -0.1 2 6.3 3.7 6.65% 1Y 7M 17D 1Y 10M 2D Canara Robeco Corporate Bond Fund Growth ₹17.8881
↑ 0.00 ₹222 -0.4 0.3 2 5.6 2.8 6.23% 1Y 5M 8D 1Y 7M 24D Invesco India Corporate Bond Fund Growth ₹2,559.4
↑ 0.70 ₹2,565 -0.8 0 1.9 6.3 3.4 6.47% 1Y 5M 5D 1Y 7M 20D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jun 22 100 Crore , manging fund for more than 3 Year & sorted on last 1 year return
1. Nippon India Prime Debt Fund
CAGR/Annualized return of 7.4% since its launch. Ranked 20 in Corporate Bond category. Return for 2021 was 4.7% , 2020 was 9.5% and 2019 was 7.8% . Nippon India Prime Debt Fund
Growth Launch Date 14 Sep 00 NAV (24 Jun 22) ₹47.575 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹2,745 on 31 May 22 Category Debt - Corporate Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.71 Sharpe Ratio -0.21 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 6.88% Effective Maturity 1 Year 11 Months 26 Days Modified Duration 1 Year 6 Months 29 Days Growth of 10,000 investment over the years.
Date Value 31 May 17 ₹10,000 31 May 18 ₹10,601 31 May 19 ₹11,505 31 May 20 ₹12,336 31 May 21 ₹13,329 31 May 22 ₹13,781 Returns for Nippon India Prime Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month 0.2% 3 Month -0.2% 6 Month 0.8% 1 Year 3.2% 3 Year 6.4% 5 Year 6.5% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2021 4.7% 2020 9.5% 2019 7.8% 2018 6.9% 2017 6.6% 2016 9.1% 2015 8.7% 2014 9.3% 2013 8.5% 2012 9.8% Fund Manager information for Nippon India Prime Debt Fund
Name Since Tenure Vivek Sharma 1 Feb 20 2.33 Yr. Kinjal Desai 25 May 18 4.02 Yr. Data below for Nippon India Prime Debt Fund as on 31 May 22
Asset Allocation
Asset Class Value Cash 8.4% Debt 91.6% Debt Sector Allocation
Sector Value Corporate 52.86% Government 42.22% Cash Equivalent 4.7% Securitized 0.22% Credit Quality
Rating Value AA 11.14% AAA 88.86% Top Securities Holdings / Portfolio
Name Holding Value Quantity Hindustan Petroleum Corporation Limited
Debentures | -5% ₹151 Cr 1,500 Summit Digitel Infrastructure Private Limited
Debentures | -4% ₹115 Cr 1,200 08.62 MH Sdl 2023
Sovereign Bonds | -4% ₹112 Cr 11,000,000 Indinfravit Trust
Debentures | -4% ₹98 Cr 1,000 State Bank Of India
Debentures | -4% ₹97 Cr 1,000 Power Finance Corporation Ltd.
Debentures | -3% ₹91 Cr 910
↑ 910 Indian Oil Corporation Limited
Debentures | -3% ₹89 Cr 900
↑ 900 National Bank For Agriculture And Rural Development
Debentures | -3% ₹76 Cr 750 Shriram City Union Finance Limited
Debentures | -3% ₹74 Cr 750 Rural Electrification Corporation Limited
Debentures | -3% ₹73 Cr 750 2. ICICI Prudential Corporate Bond Fund
CAGR/Annualized return of 6.9% since its launch. Ranked 7 in Corporate Bond category. Return for 2021 was 4.1% , 2020 was 10.4% and 2019 was 9.9% . ICICI Prudential Corporate Bond Fund
Growth Launch Date 11 Aug 09 NAV (24 Jun 22) ₹23.6408 ↓ 0.00 (-0.01 %) Net Assets (Cr) ₹17,438 on 31 May 22 Category Debt - Corporate Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.59 Sharpe Ratio -0.41 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 6.4% Effective Maturity 4 Years 5 Months 8 Days Modified Duration 1 Year 1 Month 20 Days Growth of 10,000 investment over the years.
Date Value 31 May 17 ₹10,000 31 May 18 ₹10,521 31 May 19 ₹11,472 31 May 20 ₹12,644 31 May 21 ₹13,548 31 May 22 ₹13,988 Returns for ICICI Prudential Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month 0% 3 Month 0.1% 6 Month 0.7% 1 Year 2.8% 3 Year 6.7% 5 Year 6.7% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 2021 4.1% 2020 10.4% 2019 9.9% 2018 6.4% 2017 6.3% 2016 9.8% 2015 8.8% 2014 9.4% 2013 8.5% 2012 9% Fund Manager information for ICICI Prudential Corporate Bond Fund
Name Since Tenure Rahul Goswami 16 Oct 17 4.63 Yr. Anuj Tagra 2 Mar 20 2.25 Yr. Chandni Gupta 3 Aug 16 5.83 Yr. Data below for ICICI Prudential Corporate Bond Fund as on 31 May 22
Asset Allocation
Asset Class Value Cash 17.7% Debt 82.3% Debt Sector Allocation
Sector Value Corporate 46.63% Government 35.45% Cash Equivalent 17.7% Securitized 0.22% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 5.53% Govt Stock 2033
Sovereign Bonds | -14% ₹2,444 Cr 246,321,700
↑ 5,000,000 Reliance Industries Limited
Debentures | -8% ₹1,401 Cr 13,500 National Bank For Agriculture And Rural Development
Debentures | -6% ₹999 Cr 10,000 Housing Development Finance Corporation Limited
Debentures | -4% ₹698 Cr 7,000 4.93% Govt Stock 2028
Sovereign Bonds | -3% ₹567 Cr 57,671,000 6.54% Govt Stock 2032
Sovereign Bonds | -3% ₹545 Cr 57,566,530
↓ -40,000,000 Hdb Financial Services Limited
Debentures | -3% ₹518 Cr 5,180 4.68% Govt Stock 2034
Sovereign Bonds | -3% ₹498 Cr 51,217,650 Pipeline Infrastructure Limited
Debentures | -2% ₹374 Cr 3,619 Rec Limited
Debentures | -2% ₹351 Cr 3,500 3. Sundaram Corporate Bond Fund
CAGR/Annualized return of 7% since its launch. Ranked 15 in Corporate Bond category. Return for 2021 was 3.5% , 2020 was 11% and 2019 was 11.3% . Sundaram Corporate Bond Fund
Growth Launch Date 30 Dec 04 NAV (24 Jun 22) ₹32.5517 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹1,104 on 31 May 22 Category Debt - Corporate Bond AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.51 Sharpe Ratio -0.84 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 250 Exit Load NIL Yield to Maturity 6.29% Effective Maturity 11 Months 14 Days Modified Duration 10 Months 17 Days Growth of 10,000 investment over the years.
Date Value 31 May 17 ₹10,000 31 May 18 ₹10,283 31 May 19 ₹11,318 31 May 20 ₹12,627 31 May 21 ₹13,523 31 May 22 ₹13,881 Returns for Sundaram Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month 0.3% 3 Month 0% 6 Month 0.9% 1 Year 2.7% 3 Year 7% 5 Year 6.6% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2021 3.5% 2020 11% 2019 11.3% 2018 4.8% 2017 5.4% 2016 11.7% 2015 8.7% 2014 14.9% 2013 -0.3% 2012 8.7% Fund Manager information for Sundaram Corporate Bond Fund
Name Since Tenure Dwijendra Srivastava 31 Jul 10 11.84 Yr. Sandeep Agarwal 1 Jun 12 10 Yr. Data below for Sundaram Corporate Bond Fund as on 31 May 22
Asset Allocation
Asset Class Value Cash 13.78% Debt 86.22% Debt Sector Allocation
Sector Value Government 54.34% Corporate 38.43% Cash Equivalent 7.23% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 08.42 Tn SDL 2023
Sovereign Bonds | -5% ₹51 Cr 5,000,000 National Bank For Agriculture And Rural Development
Debentures | -5% ₹50 Cr 500
↑ 250 Housing And Urban Development Corporation Limited
Debentures | -4% ₹50 Cr 500 Hindustan Petroleum Corporation Limited
Debentures | -4% ₹49 Cr 500 Housing Development Finance Corporation Ltd
Debentures | -4% ₹46 Cr 450 Housing And Urban Development Corporation Limited
Debentures | -4% ₹40 Cr 400 Reliance Industries Limited
Debentures | -3% ₹35 Cr 350 LIC Housing Finance Limited
Debentures | -3% ₹35 Cr 350 LIC Housing Finance Limited
Debentures | -3% ₹31 Cr 300 National Housing Bank
Debentures | -3% ₹30 Cr 300 4. Kotak Corporate Bond Fund Standard
CAGR/Annualized return of 7.8% since its launch. Ranked 15 in Corporate Bond category. Return for 2021 was 3.8% , 2020 was 9.7% and 2019 was 9.6% . Kotak Corporate Bond Fund Standard
Growth Launch Date 21 Sep 07 NAV (24 Jun 22) ₹3,018.39 ↑ 0.11 (0.00 %) Net Assets (Cr) ₹9,454 on 31 May 22 Category Debt - Corporate Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.44 Sharpe Ratio -0.59 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.42% Effective Maturity 2 Years 6 Months 29 Days Modified Duration 1 Year 29 Days Growth of 10,000 investment over the years.
Date Value 31 May 17 ₹10,000 31 May 18 ₹10,642 31 May 19 ₹11,616 31 May 20 ₹12,686 31 May 21 ₹13,565 31 May 22 ₹13,974 Returns for Kotak Corporate Bond Fund Standard
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month 3 Month -0.3% 6 Month 0.5% 1 Year 2.7% 3 Year 6.2% 5 Year 6.8% 10 Year 15 Year Since launch 7.8% Historical performance (Yearly) on absolute basis
Year Returns 2021 3.8% 2020 9.7% 2019 9.6% 2018 7.5% 2017 6.9% 2016 9.4% 2015 8.8% 2014 11.3% 2013 6.2% 2012 9.4% Fund Manager information for Kotak Corporate Bond Fund Standard
Name Since Tenure Deepak Agrawal 31 Jan 15 7.33 Yr. Vihag Mishra 30 Apr 22 0.09 Yr. Data below for Kotak Corporate Bond Fund Standard as on 31 May 22
Asset Allocation
Asset Class Value Cash 20.36% Debt 79.64% Debt Sector Allocation
Sector Value Corporate 55.59% Government 27.66% Cash Equivalent 16.75% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 5.53% Govt Stock 2033
Sovereign Bonds | -6% ₹607 Cr 61,172,660 Power Finance Corporation Ltd.
Debentures | -5% ₹472 Cr 4,700 Bajaj Finance Limited
Debentures | -3% ₹297 Cr 3,050 Housing Development Finance Corporation Limited
Debentures | -3% ₹250 Cr 2,500 Jamnagar Utilities & Power Private Limited
Debentures | -3% ₹249 Cr 2,600 182 Dtb 15092022
Sovereign Bonds | -3% ₹246 Cr 25,000,000 4.81% Govt Stock 2031
Sovereign Bonds | -2% ₹226 Cr 22,667,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹215 Cr 2,250 Rural Electrification Corporation Limited
Debentures | -2% ₹211 Cr 2,100 Bajaj Housing Finance Limited
Debentures | -2% ₹199 Cr 2,000 5. Aditya Birla Sun Life Corporate Bond Fund
CAGR/Annualized return of 9.1% since its launch. Ranked 1 in Corporate Bond category. Return for 2021 was 4% , 2020 was 11.9% and 2019 was 9.6% . Aditya Birla Sun Life Corporate Bond Fund
Growth Launch Date 3 Mar 97 NAV (24 Jun 22) ₹89.5897 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹15,349 on 15 Jun 22 Category Debt - Corporate Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.45 Sharpe Ratio -0.62 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.14% Effective Maturity 2 Years 8 Months 23 Days Modified Duration 1 Year 8 Months 19 Days Growth of 10,000 investment over the years.
Date Value 31 May 17 ₹10,000 31 May 18 ₹10,538 31 May 19 ₹11,555 31 May 20 ₹12,785 31 May 21 ₹13,809 31 May 22 ₹14,197 Returns for Aditya Birla Sun Life Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month 0.1% 3 Month -0.4% 6 Month 0.6% 1 Year 2.7% 3 Year 6.9% 5 Year 7.1% 10 Year 15 Year Since launch 9.1% Historical performance (Yearly) on absolute basis
Year Returns 2021 4% 2020 11.9% 2019 9.6% 2018 7% 2017 6.5% 2016 10.2% 2015 8.9% 2014 10.9% 2013 8.4% 2012 10.6% Fund Manager information for Aditya Birla Sun Life Corporate Bond Fund
Name Since Tenure Kaustubh Gupta 12 Apr 21 1.13 Yr. Data below for Aditya Birla Sun Life Corporate Bond Fund as on 15 Jun 22
Asset Allocation
Asset Class Value Cash 16.19% Debt 83.81% Debt Sector Allocation
Sector Value Corporate 48.15% Government 37.45% Cash Equivalent 13.14% Securitized 1.26% Credit Quality
Rating Value AA 5.87% AAA 94.13% Top Securities Holdings / Portfolio
Name Holding Value Quantity 5.53% Govt Stock 2033
Sovereign Bonds | -3% ₹469 Cr 47,308,500
↑ 500,000 Larsen And Toubro Limited
Debentures | -2% ₹405 Cr 4,050
↑ 1,750 Bajaj Housing Finance Limited
Debentures | -2% ₹392 Cr 4,000 Sikka Ports & Terminals Limited
Debentures | -2% ₹367 Cr 3,650 5.63% Govt Stock 2026
Sovereign Bonds | -2% ₹339 Cr 35,562,000
↑ 32,500,000 Sikka Ports & Terminals Limited
Debentures | -2% ₹331 Cr 3,250 National Bank For Agriculture And Rural Development
Debentures | -2% ₹326 Cr 3,250 Power Finance Corporation Ltd.
Debentures | -2% ₹271 Cr 2,700 7.27% Govt Stock 2026
Sovereign Bonds | -2% ₹264 Cr 26,318,800 Power Finance Corporation Ltd.
Debentures | -1% ₹251 Cr 2,500 6. Franklin India Corporate Debt Fund
CAGR/Annualized return of 8.7% since its launch. Ranked 22 in Corporate Bond category. Return for 2021 was 3.8% , 2020 was 9% and 2019 was 9.2% . Franklin India Corporate Debt Fund
Growth Launch Date 23 Jun 97 NAV (24 Jun 22) ₹79.9934 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹760 on 15 Jun 22 Category Debt - Corporate Bond AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆ Risk Moderate Expense Ratio 0.88 Sharpe Ratio -1.06 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load 0-1 Years (0.5%),1 Years and above(NIL) Yield to Maturity 6.27% Effective Maturity 1 Year 2 Months 16 Days Modified Duration 1 Year 22 Days Growth of 10,000 investment over the years.
Date Value 31 May 17 ₹10,000 31 May 18 ₹10,598 31 May 19 ₹11,544 31 May 20 ₹12,489 31 May 21 ₹13,518 31 May 22 ₹13,835 Returns for Franklin India Corporate Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month 0.2% 3 Month -0.3% 6 Month 0.4% 1 Year 2.4% 3 Year 5.7% 5 Year 6.5% 10 Year 15 Year Since launch 8.7% Historical performance (Yearly) on absolute basis
Year Returns 2021 3.8% 2020 9% 2019 9.2% 2018 7.5% 2017 7.7% 2016 9% 2015 8.4% 2014 13% 2013 7.5% 2012 12% Fund Manager information for Franklin India Corporate Debt Fund
Name Since Tenure Sachin Padwal-Desai 25 Oct 18 3.6 Yr. Santosh Kamath 1 Aug 18 3.84 Yr. Umesh Sharma 25 Oct 18 3.6 Yr. Data below for Franklin India Corporate Debt Fund as on 15 Jun 22
Asset Allocation
Asset Class Value Cash 11.55% Debt 88.45% Debt Sector Allocation
Sector Value Government 55.37% Corporate 33.08% Cash Equivalent 11.55% Credit Quality
Rating Value AA 3.79% AAA 96.21% Top Securities Holdings / Portfolio
Name Holding Value Quantity Food Corporation Of India
Debentures | -7% ₹56 Cr 550 Sikka Ports & Terminals Limited
Debentures | -7% ₹51 Cr 500 Housing Development Finance Corporation Ltd
Debentures | -7% ₹50 Cr 500 Ntpc Limited
Debentures | -7% ₹50 Cr 500 182 Dtb 29092022
Sovereign Bonds | -6% ₹49 Cr 5,000,000 National Bank For Agriculture And Rural Development
Debentures | -6% ₹49 Cr 500 Sundaram Finance Limited
Debentures | -4% ₹31 Cr 250 Rural Electrification Corporation Limited
Debentures | -3% ₹25 Cr 250 National Highways Authority Of India
Debentures | -3% ₹25 Cr 250 Hindustan Petroleum Corporation Limited
Debentures | -3% ₹25 Cr 250 7. HDFC Corporate Bond Fund
CAGR/Annualized return of 8.2% since its launch. Ranked 2 in Corporate Bond category. Return for 2021 was 3.9% , 2020 was 11.8% and 2019 was 10.3% . HDFC Corporate Bond Fund
Growth Launch Date 29 Jun 10 NAV (24 Jun 22) ₹25.8135 ↓ -0.01 (-0.03 %) Net Assets (Cr) ₹22,197 on 31 May 22 Category Debt - Corporate Bond AMC HDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.58 Sharpe Ratio -0.87 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load NIL Yield to Maturity 6.53% Effective Maturity 4 Years 7 Months 24 Days Modified Duration 2 Years 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 31 May 17 ₹10,000 31 May 18 ₹10,504 31 May 19 ₹11,550 31 May 20 ₹12,813 31 May 21 ₹13,786 31 May 22 ₹14,102 Returns for HDFC Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month -0.1% 3 Month -1.1% 6 Month -0.4% 1 Year 2% 3 Year 6.6% 5 Year 6.9% 10 Year 15 Year Since launch 8.2% Historical performance (Yearly) on absolute basis
Year Returns 2021 3.9% 2020 11.8% 2019 10.3% 2018 6.5% 2017 6.5% 2016 10.6% 2015 8.6% 2014 10.9% 2013 7.6% 2012 10.5% Fund Manager information for HDFC Corporate Bond Fund
Name Since Tenure Anupam Joshi 27 Oct 15 6.6 Yr. Sankalp Baid 22 Jan 21 1.35 Yr. Data below for HDFC Corporate Bond Fund as on 31 May 22
Asset Allocation
Asset Class Value Cash 3.06% Debt 96.94% Debt Sector Allocation
Sector Value Corporate 50.78% Government 45.99% Cash Equivalent 3.06% Securitized 0.17% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.97% Govt Stock 2026
Sovereign Bonds | -7% ₹1,494 Cr 150,000,000 6.79% Govt Stock 2027
Sovereign Bonds | -6% ₹1,233 Cr 125,000,000 5.53% Govt Stock 2033
Sovereign Bonds | -5% ₹1,076 Cr 108,500,000 4.93% Govt Stock 2028
Sovereign Bonds | -4% ₹885 Cr 90,000,000
↑ 30,000,000 4.68% Govt Stock 2034
Sovereign Bonds | -4% ₹802 Cr 82,500,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹745 Cr 7,650 Ultratech Cement Limited
Debentures | -3% ₹729 Cr 7,500 Bajaj Finance Limited
Debentures | -3% ₹716 Cr 7,300 State Bank Of India
Debentures | -3% ₹658 Cr 6,500 Mangalore Refinery And Petrochemicals Limited
Debentures | -2% ₹551 Cr 5,720 8. IDFC Corporate Bond Fund
CAGR/Annualized return of 7.1% since its launch. Return for 2021 was 3.7% , 2020 was 11.6% and 2019 was 8.5% . IDFC Corporate Bond Fund
Growth Launch Date 12 Jan 16 NAV (24 Jun 22) ₹15.5509 ↑ 0.00 (0.02 %) Net Assets (Cr) ₹16,791 on 15 Jun 22 Category Debt - Corporate Bond AMC IDFC Asset Management Company Limited Rating Risk Moderate Expense Ratio 0.58 Sharpe Ratio -0.98 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.65% Effective Maturity 1 Year 10 Months 2 Days Modified Duration 1 Year 7 Months 17 Days Growth of 10,000 investment over the years.
Date Value 31 May 17 ₹10,000 31 May 18 ₹10,503 31 May 19 ₹11,421 31 May 20 ₹12,526 31 May 21 ₹13,498 31 May 22 ₹13,746 Returns for IDFC Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month 0.1% 3 Month -1% 6 Month -0.1% 1 Year 2% 3 Year 6.3% 5 Year 6.4% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2021 3.7% 2020 11.6% 2019 8.5% 2018 6.3% 2017 6.2% 2016 2015 2014 2013 2012 Fund Manager information for IDFC Corporate Bond Fund
Name Since Tenure Suyash Choudhary 28 Jul 21 0.84 Yr. Gautam Kaul 1 Dec 21 0.5 Yr. Data below for IDFC Corporate Bond Fund as on 15 Jun 22
Asset Allocation
Asset Class Value Cash 4.95% Debt 95.05% Debt Sector Allocation
Sector Value Corporate 49.47% Government 46.68% Cash Equivalent 3.82% Securitized 0.03% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 5.22% Govt Stock 2025
Sovereign Bonds | -16% ₹2,812 Cr 294,000,000 Reliance Industries Limited
Debentures | -6% ₹1,055 Cr 105,000,000 Rec Limited
Debentures | -4% ₹756 Cr 76,000,000 Larsen And Toubro Limited
Debentures | -4% ₹702 Cr 70,000,000 Power Finance Corporation Ltd.
Debentures | -4% ₹684 Cr 67,900,000 National Bank For Agriculture And Rural Development
Debentures | -4% ₹657 Cr 65,500,000 National Housing Bank
Debentures | -3% ₹515 Cr 51,500,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹395 Cr 39,500,000 Rec Limited
Debentures | -2% ₹390 Cr 39,000,000 Housing Development Finance Corporation Ltd
Debentures | -2% ₹362 Cr 36,500,000 9. Canara Robeco Corporate Bond Fund
CAGR/Annualized return of 7.2% since its launch. Ranked 51 in Corporate Bond category. Return for 2021 was 2.8% , 2020 was 9.6% and 2019 was 9.4% . Canara Robeco Corporate Bond Fund
Growth Launch Date 7 Feb 14 NAV (24 Jun 22) ₹17.8881 ↑ 0.00 (0.02 %) Net Assets (Cr) ₹222 on 31 May 22 Category Debt - Corporate Bond AMC Canara Robeco Asset Management Co. Ltd. Rating ☆☆ Risk Moderate Expense Ratio 1.02 Sharpe Ratio -1.5 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 6.23% Effective Maturity 1 Year 7 Months 24 Days Modified Duration 1 Year 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 31 May 17 ₹10,000 31 May 18 ₹10,381 31 May 19 ₹11,304 31 May 20 ₹12,390 31 May 21 ₹13,120 31 May 22 ₹13,360 Returns for Canara Robeco Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month 0.2% 3 Month -0.4% 6 Month 0.3% 1 Year 2% 3 Year 5.6% 5 Year 5.8% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2021 2.8% 2020 9.6% 2019 9.4% 2018 5.3% 2017 5.3% 2016 9.6% 2015 7.6% 2014 2013 2012 Fund Manager information for Canara Robeco Corporate Bond Fund
Name Since Tenure Avnish Jain 7 Feb 14 8.32 Yr. Data below for Canara Robeco Corporate Bond Fund as on 31 May 22
Asset Allocation
Asset Class Value Cash 9.85% Debt 90.15% Debt Sector Allocation
Sector Value Government 45.66% Corporate 44.49% Cash Equivalent 9.85% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -7% ₹15 Cr 150 7.16% Govt Stock 2023
Sovereign Bonds | -7% ₹15 Cr 1,500,000 Rec Limited
Debentures | -7% ₹15 Cr 150 Reliance Industries Limited
Debentures | -7% ₹15 Cr 150 Indian Oil Corporation Limited
Debentures | -7% ₹15 Cr 150 Small Industries Development Bank Of India
Debentures | -7% ₹15 Cr 150 Ntpc Limited
Debentures | -5% ₹10 Cr 100 National Housing Bank
Debentures | -4% ₹10 Cr 100 Power Finance Corporation Ltd.
Debentures | -4% ₹10 Cr 100 LIC Housing Finance Limited
Debentures | -4% ₹10 Cr 100 10. Invesco India Corporate Bond Fund
CAGR/Annualized return of 6.5% since its launch. Ranked 27 in Corporate Bond category. Return for 2021 was 3.4% , 2020 was 10.1% and 2019 was 11.1% . Invesco India Corporate Bond Fund
Growth Launch Date 2 Aug 07 NAV (24 Jun 22) ₹2,559.4 ↑ 0.70 (0.03 %) Net Assets (Cr) ₹2,565 on 15 Jun 22 Category Debt - Corporate Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆ Risk Moderate Expense Ratio 0.25 Sharpe Ratio -1.1 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 6.47% Effective Maturity 1 Year 7 Months 20 Days Modified Duration 1 Year 5 Months 5 Days Growth of 10,000 investment over the years.
Date Value 31 May 17 ₹10,000 31 May 18 ₹10,074 31 May 19 ₹11,051 31 May 20 ₹12,182 31 May 21 ₹13,023 31 May 22 ₹13,277 Returns for Invesco India Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month 0.1% 3 Month -0.8% 6 Month 0% 1 Year 1.9% 3 Year 6.3% 5 Year 5.3% 10 Year 15 Year Since launch 6.5% Historical performance (Yearly) on absolute basis
Year Returns 2021 3.4% 2020 10.1% 2019 11.1% 2018 4% 2017 1.8% 2016 14.1% 2015 5.2% 2014 9.9% 2013 5.6% 2012 10.5% Fund Manager information for Invesco India Corporate Bond Fund
Name Since Tenure Krishna Cheemalapati 16 Dec 20 1.46 Yr. Vikas Garg 26 Sep 20 1.68 Yr. Data below for Invesco India Corporate Bond Fund as on 15 Jun 22
Asset Allocation
Asset Class Value Cash 14.42% Debt 85.58% Debt Sector Allocation
Sector Value Corporate 56.63% Government 30.61% Cash Equivalent 12.76% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 5.22% Govt Stock 2025
Sovereign Bonds | -6% ₹161 Cr 16,800,000
↓ -2,000,000 Sikka Ports & Terminals Limited
Debentures | -3% ₹83 Cr 8,500,000 Jamnagar Utilities & Power Private Limited
Debentures | -3% ₹79 Cr 7,500,000 Power Finance Corporation Ltd.
Debentures | -3% ₹78 Cr 7,500,000 Mahindra And Mahindra Limited
Debentures | -3% ₹75 Cr 7,500,000 06.30 RJ Sdl 2023
Sovereign Bonds | -3% ₹75 Cr 7,500,000 Housing Development Finance Corporation Ltd
Debentures | -3% ₹74 Cr 7,500,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹73 Cr 7,500,000 Hindustan Petroleum Corporation Limited
Debentures | -3% ₹73 Cr 7,500,000 Rural Electrification Corporation Limited
Debentures | -3% ₹73 Cr 7,500,000
Additional Features of Corporate Bonds
Coupon interest
Coupon (interest) is one of the features of the corporate bond funds. When one buys a bond, the company pays them interest regularly until they exit the corporate bond. This interest is called a coupon. The coupon interest is a specific percentage of the par value.
Yield to Maturity (YTM)
ytm measures the annual return an investor would receive until maturity. Yield to maturity allows one to compare a bond's expected return. The greater the YTM, higher will be your returns and vice versa.
Current yield
This is a measure of the interest income generated by the bonds in the portfolio. For instance, if the coupon rate of a bond with an INR 1000 par value is 20 percent, then the issuer must pay you INR 200 as an annual interest.
Tax implications
If you hold corporate bonds for up to three years, then you must have to pay short term Capital Gains of 30 percent. And if you are holding corporate bonds for more than three years, then the returns are taxed under long term capital gains, i.e., at 20 percent with indexation benefit.
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