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10 Best Performing Corporate Bond Mutual Funds 2024 | Fincash.com

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10 Corporate Bond Mutual Funds to Invest 2024 - 2025

Updated on May 13, 2024 , 100360 views

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 24 - 25

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2023 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
ICICI Prudential Corporate Bond Fund Growth ₹27.1734
↑ 0.02
₹26,2301.93.87.45.97.67.92%2Y 3M 14D4Y 2M 23D
Aditya Birla Sun Life Corporate Bond Fund Growth ₹102.505
↑ 0.08
₹21,1351.847.35.77.37.68%3Y 7M 2D5Y 6M 14D
HDFC Corporate Bond Fund Growth ₹29.5652
↑ 0.01
₹28,4991.947.25.57.27.73%3Y 8D5Y 2M
Nippon India Prime Debt Fund Growth ₹54.361
↑ 0.03
₹2,8181.8475.87.17.74%3Y 1M 20D4Y 1M 13D
Kotak Corporate Bond Fund Standard Growth ₹3,426.55
↑ 2.71
₹11,5841.83.86.95.46.97.77%3Y 4M 10D5Y 6M 18D
IDFC Corporate Bond Fund Growth ₹17.5013
↑ 0.01
₹13,7641.53.26.74.86.87.51%3Y 1M 6D3Y 11M 16D
Invesco India Corporate Bond Fund Growth ₹2,888.62
↑ 1.75
₹3,1931.83.86.74.96.77.61%3Y 11D4Y 1M 2D
Sundaram Corporate Bond Fund Growth ₹36.5319
↑ 0.03
₹7801.73.76.556.37.6%3Y 29D4Y 3M 2D
Franklin India Corporate Debt Fund Growth ₹89.8625
↑ 0.06
₹7481.73.46.44.96.57.76%1Y 11M 1D2Y 3M 13D
BNP Paribas Corporate Bond Fund Growth ₹24.8673
↑ 0.01
₹1471.83.96.44.477.52%3Y 11M 12D5Y 6M 11D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 May 24
*List of best mutual funds having Net Assets/ AUM more than 100 Crore , manging fund for more than 3 Year & sorted on last 1 year return

1. ICICI Prudential Corporate Bond Fund

(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 CAGR/Annualized return of 7% since its launch.  Ranked 7 in Corporate Bond category.  Return for 2023 was 7.6% , 2022 was 4.5% and 2021 was 4.1% .

Below is the key information for ICICI Prudential Corporate Bond Fund

ICICI Prudential Corporate Bond Fund
Growth
Launch Date 11 Aug 09
NAV (15 May 24) ₹27.1734 ↑ 0.02   (0.07 %)
Net Assets (Cr) ₹26,230 on 31 Mar 24
Category Debt - Corporate Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately Low
Expense Ratio 0.57
Sharpe Ratio 1.7
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.92%
Effective Maturity 4 Years 2 Months 23 Days
Modified Duration 2 Years 3 Months 14 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹10,944
30 Apr 21₹11,913
30 Apr 22₹12,364
30 Apr 23₹13,153
30 Apr 24₹14,132

ICICI Prudential Corporate Bond Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125
Invest Now

Returns for ICICI Prudential Corporate Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24

DurationReturns
1 Month 0.7%
3 Month 1.9%
6 Month 3.8%
1 Year 7.4%
3 Year 5.9%
5 Year 7.2%
10 Year
15 Year
Since launch 7%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.6%
2022 4.5%
2021 4.1%
2020 10.4%
2019 9.9%
2018 6.4%
2017 6.3%
2016 9.8%
2015 8.8%
2014 9.4%
Fund Manager information for ICICI Prudential Corporate Bond Fund
NameSinceTenure
Manish Banthia22 Jan 240.19 Yr.
Ritesh Lunawat22 Jan 240.19 Yr.

Data below for ICICI Prudential Corporate Bond Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash6.01%
Debt93.77%
Other0.22%
Debt Sector Allocation
SectorValue
Corporate56.34%
Government37.4%
Cash Equivalent6.01%
Securitized0.03%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
15%₹4,023 Cr402,190,510
↑ 51,538,460
8.25% Govt Stock 2033
Sovereign Bonds | -
9%₹2,406 Cr235,793,930
↓ -10,277,770
National Bank For Agriculture And Rural Development
Debentures | -
3%₹861 Cr86,500
↑ 500
Pipeline Infrastructure Ltd.
Debentures | -
3%₹810 Cr80,500
HDFC Bank Limited
Debentures | -
3%₹697 Cr7,000
HDFC Bank Limited
Debentures | -
2%₹649 Cr65,000
Small Industries Development Bank Of India
Debentures | -
2%₹636 Cr6,400
Small Industries Development Bank Of India
Debentures | -
2%₹625 Cr6,250
Bharat Petroleum Corporation Limited
Debentures | -
2%₹595 Cr59,500
LIC Housing Finance Ltd
Debentures | -
2%₹519 Cr5,000

2. Aditya Birla Sun Life Corporate Bond Fund

(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 CAGR/Annualized return of 8.9% since its launch.  Ranked 1 in Corporate Bond category.  Return for 2023 was 7.3% , 2022 was 4.1% and 2021 was 4% .

Below is the key information for Aditya Birla Sun Life Corporate Bond Fund

Aditya Birla Sun Life Corporate Bond Fund
Growth
Launch Date 3 Mar 97
NAV (15 May 24) ₹102.505 ↑ 0.08   (0.08 %)
Net Assets (Cr) ₹21,135 on 31 Mar 24
Category Debt - Corporate Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.47
Sharpe Ratio 1.14
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.68%
Effective Maturity 5 Years 6 Months 14 Days
Modified Duration 3 Years 7 Months 2 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹11,000
30 Apr 21₹12,048
30 Apr 22₹12,530
30 Apr 23₹13,235
30 Apr 24₹14,187

Aditya Birla Sun Life Corporate Bond Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125
Invest Now

Returns for Aditya Birla Sun Life Corporate Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24

DurationReturns
1 Month 0.7%
3 Month 1.8%
6 Month 4%
1 Year 7.3%
3 Year 5.7%
5 Year 7.3%
10 Year
15 Year
Since launch 8.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.3%
2022 4.1%
2021 4%
2020 11.9%
2019 9.6%
2018 7%
2017 6.5%
2016 10.2%
2015 8.9%
2014 10.9%
Fund Manager information for Aditya Birla Sun Life Corporate Bond Fund
NameSinceTenure
Kaustubh Gupta12 Apr 212.97 Yr.
Dhaval Joshi21 Nov 221.36 Yr.

Data below for Aditya Birla Sun Life Corporate Bond Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash3.09%
Debt96.67%
Other0.24%
Debt Sector Allocation
SectorValue
Corporate52.23%
Government43.59%
Cash Equivalent3.09%
Securitized0.86%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2037
Sovereign Bonds | -
10%₹2,074 Cr207,824,100
↑ 20,500,000
7.18% Govt Stock 2033
Sovereign Bonds | -
7%₹1,465 Cr146,500,000
↑ 18,000,000
7.26% Govt Stock 2033
Sovereign Bonds | -
4%₹905 Cr90,089,300
↓ -22,000,000
7.32% Govt Stock 2030
Sovereign Bonds | -
3%₹725 Cr72,000,000
8.1% Govt Stock 2034
Sovereign Bonds | -
3%₹667 Cr66,637,700
National Bank For Agriculture And Rural Development
Debentures | -
3%₹652 Cr6,550
Small Industries Development Bank Of India
Debentures | -
3%₹544 Cr54,550
HDFC Bank Limited
Debentures | -
2%₹426 Cr42,500
Power Finance Corp Ltd. 7.6%
Debentures | -
2%₹400 Cr40,000
National Bank For Agriculture And Rural Development
Debentures | -
2%₹397 Cr4,000

3. HDFC Corporate Bond Fund

(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 CAGR/Annualized return of 8.1% since its launch.  Ranked 2 in Corporate Bond category.  Return for 2023 was 7.2% , 2022 was 3.3% and 2021 was 3.9% .

Below is the key information for HDFC Corporate Bond Fund

HDFC Corporate Bond Fund
Growth
Launch Date 29 Jun 10
NAV (15 May 24) ₹29.5652 ↑ 0.01   (0.05 %)
Net Assets (Cr) ₹28,499 on 31 Mar 24
Category Debt - Corporate Bond
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately Low
Expense Ratio 0.59
Sharpe Ratio 1.13
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 300
Exit Load NIL
Yield to Maturity 7.73%
Effective Maturity 5 Years 2 Months
Modified Duration 3 Years 8 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹11,030
30 Apr 21₹12,060
30 Apr 22₹12,500
30 Apr 23₹13,181
30 Apr 24₹14,138

HDFC Corporate Bond Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125
Invest Now

Returns for HDFC Corporate Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24

DurationReturns
1 Month 0.6%
3 Month 1.9%
6 Month 4%
1 Year 7.2%
3 Year 5.5%
5 Year 7.2%
10 Year
15 Year
Since launch 8.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.2%
2022 3.3%
2021 3.9%
2020 11.8%
2019 10.3%
2018 6.5%
2017 6.5%
2016 10.6%
2015 8.6%
2014 10.9%
Fund Manager information for HDFC Corporate Bond Fund
NameSinceTenure
Anupam Joshi27 Oct 158.44 Yr.
Dhruv Muchhal22 Jun 230.78 Yr.

Data below for HDFC Corporate Bond Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash3.01%
Debt96.75%
Other0.24%
Debt Sector Allocation
SectorValue
Corporate49.13%
Government47.56%
Cash Equivalent3.01%
Securitized0.06%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
8.25% Govt Stock 2033
Sovereign Bonds | -
5%₹1,479 Cr145,000,000
↓ -2,500,000
8.1% Govt Stock 2034
Sovereign Bonds | -
3%₹800 Cr80,000,000
↓ -7,500,000
Hdb Financial Services Limited
Debentures | -
3%₹725 Cr72,500
National Bank For Agriculture And Rural Development
Debentures | -
2%₹672 Cr67,500
↓ -2,500
7.18% Govt Stock 2037
Sovereign Bonds | -
2%₹649 Cr65,000,000
↓ -10,000,000
7.69% Govt Stock 2028
Sovereign Bonds | -
2%₹575 Cr57,500,000
↓ -2,500,000
Mangalore Refinery And Petrochemicals Limited
Debentures | -
2%₹555 Cr5,670
Reliance Industries Limited
Debentures | -
2%₹525 Cr5,000
HDFC Bank Limited
Debentures | -
2%₹501 Cr50,000
LIC Housing Finance Limited
Debentures | -
2%₹497 Cr5,000

4. Nippon India Prime Debt Fund

(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 CAGR/Annualized return of 7.4% since its launch.  Ranked 20 in Corporate Bond category.  Return for 2023 was 7.1% , 2022 was 4.3% and 2021 was 4.7% .

Below is the key information for Nippon India Prime Debt Fund

Nippon India Prime Debt Fund
Growth
Launch Date 14 Sep 00
NAV (15 May 24) ₹54.361 ↑ 0.03   (0.05 %)
Net Assets (Cr) ₹2,818 on 31 Mar 24
Category Debt - Corporate Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderately Low
Expense Ratio 0.64
Sharpe Ratio 0.92
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.74%
Effective Maturity 4 Years 1 Month 13 Days
Modified Duration 3 Years 1 Month 20 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹10,704
30 Apr 21₹11,629
30 Apr 22₹12,151
30 Apr 23₹12,872
30 Apr 24₹13,763

Nippon India Prime Debt Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for Nippon India Prime Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 4%
1 Year 7%
3 Year 5.8%
5 Year 6.6%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.1%
2022 4.3%
2021 4.7%
2020 9.5%
2019 7.8%
2018 6.9%
2017 6.6%
2016 9.1%
2015 8.7%
2014 9.3%
Fund Manager information for Nippon India Prime Debt Fund
NameSinceTenure
Vivek Sharma1 Feb 204.17 Yr.
Kinjal Desai25 May 185.86 Yr.

Data below for Nippon India Prime Debt Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash4.36%
Debt95.43%
Other0.21%
Debt Sector Allocation
SectorValue
Corporate59.72%
Government35.72%
Cash Equivalent4.36%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.32% Govt Stock 2030
Sovereign Bonds | -
7%₹212 Cr21,000,000
↑ 10,000,000
7.18% Govt Stock 2037
Sovereign Bonds | -
7%₹200 Cr20,000,000
National Bank For Agriculture And Rural Development
Debentures | -
4%₹125 Cr12,500
Tata Capital Limited
Debentures | -
3%₹100 Cr10,000
LIC Housing Finance Ltd. 7.84%
Debentures | -
3%₹100 Cr10,000
Indian Railway Finance Corporation Limited
Debentures | -
3%₹98 Cr950
Summit Digitel Infrastructure Limited
Debentures | -
3%₹98 Cr1,000
Tata Capital Housing Finance Limited
Debentures | -
3%₹97 Cr1,000
Pipeline Infrastructure Ltd. 7.96%
Debentures | -
3%₹75 Cr7,500
7.17% Govt Stock 2030
Sovereign Bonds | -
3%₹75 Cr7,500,000

5. Kotak Corporate Bond Fund Standard

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 CAGR/Annualized return of 7.7% since its launch.  Ranked 15 in Corporate Bond category.  Return for 2023 was 6.9% , 2022 was 3.7% and 2021 was 3.8% .

Below is the key information for Kotak Corporate Bond Fund Standard

Kotak Corporate Bond Fund Standard
Growth
Launch Date 21 Sep 07
NAV (15 May 24) ₹3,426.55 ↑ 2.71   (0.08 %)
Net Assets (Cr) ₹11,584 on 31 Mar 24
Category Debt - Corporate Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.4
Sharpe Ratio 0.71
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.77%
Effective Maturity 5 Years 6 Months 18 Days
Modified Duration 3 Years 4 Months 10 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹10,887
30 Apr 21₹11,772
30 Apr 22₹12,237
30 Apr 23₹12,875
30 Apr 24₹13,754

Kotak Corporate Bond Fund Standard SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for Kotak Corporate Bond Fund Standard

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24

DurationReturns
1 Month 0.7%
3 Month 1.8%
6 Month 3.8%
1 Year 6.9%
3 Year 5.4%
5 Year 6.6%
10 Year
15 Year
Since launch 7.7%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.9%
2022 3.7%
2021 3.8%
2020 9.7%
2019 9.6%
2018 7.5%
2017 6.9%
2016 9.4%
2015 8.8%
2014 11.3%
Fund Manager information for Kotak Corporate Bond Fund Standard
NameSinceTenure
Deepak Agrawal1 Feb 159.17 Yr.
Manu Sharma1 Nov 221.42 Yr.
Palha Khanna3 Jul 230.75 Yr.

Data below for Kotak Corporate Bond Fund Standard as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash2.77%
Debt97%
Other0.22%
Debt Sector Allocation
SectorValue
Corporate59.94%
Government37.06%
Cash Equivalent2.77%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2037
Sovereign Bonds | -
11%₹1,307 Cr130,984,990
↓ -14,034,000
8.25% Govt Stock 2033
Sovereign Bonds | -
7%₹859 Cr84,199,326
↑ 10,000,000
National Bank For Agriculture And Rural Development
Debentures | -
5%₹651 Cr65,000
↑ 25,000
LIC Housing Finance Limited
Debentures | -
4%₹453 Cr4,550
Jamnagar Utilities & Power Private Limited
Debentures | -
3%₹404 Cr4,200
7.18% Govt Stock 2033
Sovereign Bonds | -
3%₹370 Cr37,000,100
↓ -20,000,000
HDFC Bank Limited
Debentures | -
3%₹369 Cr37,000
Bajaj Housing Finance Limited
Debentures | -
3%₹367 Cr3,670
Power Finance Corporation Limited
Debentures | -
2%₹295 Cr2,950
Small Industries Development Bank Of India
Debentures | -
2%₹274 Cr27,500

6. IDFC Corporate Bond Fund

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 CAGR/Annualized return of 6.9% since its launch.  Return for 2023 was 6.8% , 2022 was 2.6% and 2021 was 3.7% .

Below is the key information for IDFC Corporate Bond Fund

IDFC Corporate Bond Fund
Growth
Launch Date 12 Jan 16
NAV (15 May 24) ₹17.5013 ↑ 0.01   (0.06 %)
Net Assets (Cr) ₹13,764 on 31 Mar 24
Category Debt - Corporate Bond
AMC IDFC Asset Management Company Limited
Rating Not Rated
Risk Moderate
Expense Ratio 0.6
Sharpe Ratio 0.01
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.51%
Effective Maturity 3 Years 11 Months 16 Days
Modified Duration 3 Years 1 Month 6 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹10,818
30 Apr 21₹11,867
30 Apr 22₹12,275
30 Apr 23₹12,803
30 Apr 24₹13,630

IDFC Corporate Bond Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for IDFC Corporate Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24

DurationReturns
1 Month 0.7%
3 Month 1.5%
6 Month 3.2%
1 Year 6.7%
3 Year 4.8%
5 Year 6.4%
10 Year
15 Year
Since launch 6.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.8%
2022 2.6%
2021 3.7%
2020 11.6%
2019 8.5%
2018 6.3%
2017 6.2%
2016
2015
2014
Fund Manager information for IDFC Corporate Bond Fund
NameSinceTenure
Suyash Choudhary28 Jul 212.68 Yr.
Gautam Kaul1 Dec 212.33 Yr.
Sreejith Balasubramanian31 Aug 230.58 Yr.

Data below for IDFC Corporate Bond Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash11.66%
Debt88.06%
Other0.29%
Debt Sector Allocation
SectorValue
Corporate44.43%
Government43.67%
Cash Equivalent11.62%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
6.54% Govt Stock 2032
Sovereign Bonds | -
14%₹1,933 Cr201,000,000
7.26% Govt Stock 2033
Sovereign Bonds | -
10%₹1,357 Cr135,000,000
Export-Import Bank of India 7.4%
Domestic Bonds | -
8%₹1,144 Cr114,850,000
Bajaj Housing Finance Ltd. 7.78%
Debentures | -
7%₹897 Cr90,000,000
↑ 40,000,000
National Housing Bank
Debentures | -
6%₹818 Cr81,500,000
Rural Electrification Corporation Limited
Debentures | -
3%₹459 Cr46,000,000
HDFC Bank Limited
Debentures | -
3%₹360 Cr37,500,000
REC Ltd. 7.64%
Debentures | -
2%₹325 Cr32,500,000
National Bank For Agriculture And Rural Development
Debentures | -
2%₹324 Cr32,500,000
7.26% Govt Stock 2032
Sovereign Bonds | -
2%₹311 Cr31,000,000

7. Invesco India Corporate Bond Fund

(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 CAGR/Annualized return of 6.5% since its launch.  Ranked 27 in Corporate Bond category.  Return for 2023 was 6.7% , 2022 was 2.9% and 2021 was 3.4% .

Below is the key information for Invesco India Corporate Bond Fund

Invesco India Corporate Bond Fund
Growth
Launch Date 2 Aug 07
NAV (15 May 24) ₹2,888.62 ↑ 1.75   (0.06 %)
Net Assets (Cr) ₹3,193 on 31 Mar 24
Category Debt - Corporate Bond
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderate
Expense Ratio 0.66
Sharpe Ratio 0.38
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.61%
Effective Maturity 4 Years 1 Month 2 Days
Modified Duration 3 Years 11 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹10,977
30 Apr 21₹11,926
30 Apr 22₹12,307
30 Apr 23₹12,885
30 Apr 24₹13,723

Invesco India Corporate Bond Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for Invesco India Corporate Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.8%
1 Year 6.7%
3 Year 4.9%
5 Year 6.6%
10 Year
15 Year
Since launch 6.5%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.7%
2022 2.9%
2021 3.4%
2020 10.1%
2019 11.1%
2018 4%
2017 1.8%
2016 14.1%
2015 5.2%
2014 9.9%
Fund Manager information for Invesco India Corporate Bond Fund
NameSinceTenure
Krishna Cheemalapati16 Dec 203.29 Yr.
Vikas Garg26 Sep 203.51 Yr.

Data below for Invesco India Corporate Bond Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash4.22%
Debt95.59%
Other0.19%
Debt Sector Allocation
SectorValue
Corporate54.41%
Government41.18%
Cash Equivalent4.22%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
6%₹208 Cr20,786,700
↑ 2,500,000
7.18% Govt Stock 2037
Sovereign Bonds | -
5%₹185 Cr18,550,000
↑ 4,500,000
7.17% Govt Stock 2030
Sovereign Bonds | -
3%₹105 Cr10,500,000
7.32% Govt Stock 2030
Sovereign Bonds | -
3%₹96 Cr9,500,000
↑ 5,000,000
7.26% Govt Stock 2033
Sovereign Bonds | -
3%₹95 Cr9,500,000
Sikka Ports & Terminals Limited
Debentures | -
2%₹83 Cr8,500,000
Larsen And Toubro Limited
Debentures | -
2%₹77 Cr7,500,000
↑ 7,500,000
National Bank For Agriculture And Rural Development
Debentures | -
2%₹75 Cr7,500,000
↑ 2,500,000
LIC Housing Finance Ltd
Debentures | -
2%₹75 Cr7,500,000
Bajaj Housing Finance Limited
Debentures | -
2%₹75 Cr7,500,000

8. Sundaram Corporate Bond Fund

(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 CAGR/Annualized return of 6.9% since its launch.  Ranked 15 in Corporate Bond category.  Return for 2023 was 6.3% , 2022 was 3.7% and 2021 was 3.5% .

Below is the key information for Sundaram Corporate Bond Fund

Sundaram Corporate Bond Fund
Growth
Launch Date 30 Dec 04
NAV (15 May 24) ₹36.5319 ↑ 0.03   (0.08 %)
Net Assets (Cr) ₹780 on 15 Mar 24
Category Debt - Corporate Bond
AMC Sundaram Asset Management Company Ltd
Rating
Risk Moderately Low
Expense Ratio 0.51
Sharpe Ratio -0.76
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 250
Exit Load NIL
Yield to Maturity 7.6%
Effective Maturity 4 Years 3 Months 2 Days
Modified Duration 3 Years 29 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹11,146
30 Apr 21₹12,120
30 Apr 22₹12,553
30 Apr 23₹13,156
30 Apr 24₹13,984

Sundaram Corporate Bond Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for Sundaram Corporate Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24

DurationReturns
1 Month 0.7%
3 Month 1.7%
6 Month 3.7%
1 Year 6.5%
3 Year 5%
5 Year 7%
10 Year
15 Year
Since launch 6.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.3%
2022 3.7%
2021 3.5%
2020 11%
2019 11.3%
2018 4.8%
2017 5.4%
2016 11.7%
2015 8.7%
2014 14.9%
Fund Manager information for Sundaram Corporate Bond Fund
NameSinceTenure
Dwijendra Srivastava31 Jul 1013.68 Yr.
Sandeep Agarwal1 Jun 1211.84 Yr.

Data below for Sundaram Corporate Bond Fund as on 15 Mar 24

Asset Allocation
Asset ClassValue
Cash5.48%
Debt94.18%
Other0.35%
Debt Sector Allocation
SectorValue
Corporate52.62%
Government41.55%
Cash Equivalent5.48%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
15%₹110 Cr11,000,000
↑ 500,000
Indian Railway Finance Corporation Limited
Debentures | -
9%₹70 Cr7,000
Small Industries Development Bank Of India
Debentures | -
8%₹60 Cr6,000
7.06% Govt Stock 2028
Sovereign Bonds | -
6%₹45 Cr4,500,000
Power Finance Corporation Ltd.
Debentures | -
5%₹40 Cr4,000
National Housing Bank
Debentures | -
5%₹40 Cr4,000
LIC Housing Finance Limited
Debentures | -
4%₹30 Cr300
7.32% Govt Stock 2030
Sovereign Bonds | -
3%₹25 Cr2,500,000
↑ 1,000,000
Rural Electrification Corporation Limited
Debentures | -
3%₹25 Cr2,500
HDFC Bank Limited
Debentures | -
3%₹25 Cr2,500

9. Franklin India Corporate Debt Fund

(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 CAGR/Annualized return of 8.5% since its launch.  Ranked 22 in Corporate Bond category.  Return for 2023 was 6.5% , 2022 was 3.2% and 2021 was 3.8% .

Below is the key information for Franklin India Corporate Debt Fund

Franklin India Corporate Debt Fund
Growth
Launch Date 23 Jun 97
NAV (15 May 24) ₹89.8625 ↑ 0.06   (0.07 %)
Net Assets (Cr) ₹748 on 31 Mar 24
Category Debt - Corporate Bond
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderate
Expense Ratio 0.78
Sharpe Ratio -0.48
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 7.76%
Effective Maturity 2 Years 3 Months 13 Days
Modified Duration 1 Year 11 Months 1 Day

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹10,777
30 Apr 21₹11,776
30 Apr 22₹12,176
30 Apr 23₹12,757
30 Apr 24₹13,565

Franklin India Corporate Debt Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for Franklin India Corporate Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 3.4%
1 Year 6.4%
3 Year 4.9%
5 Year 6.3%
10 Year
15 Year
Since launch 8.5%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.5%
2022 3.2%
2021 3.8%
2020 9%
2019 9.2%
2018 7.5%
2017 7.7%
2016 9%
2015 8.4%
2014 13%
Fund Manager information for Franklin India Corporate Debt Fund
NameSinceTenure
Rahul Goswami6 Oct 230.49 Yr.
Anuj Tagra7 Mar 240.07 Yr.
Chandni Gupta7 Mar 240.07 Yr.

Data below for Franklin India Corporate Debt Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash11.61%
Debt88.13%
Other0.26%
Debt Sector Allocation
SectorValue
Corporate65.85%
Government22.28%
Cash Equivalent11.61%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Sikka Ports & Terminals Limited
Debentures | -
7%₹52 Cr500
ICICI Home Finance Company Limited 8.1%
Debentures | -
7%₹51 Cr5,000
Nuclear Power Corporation Of India Limited
Debentures | -
7%₹51 Cr5,000
Pipeline Infrastructure Ltd. 7.96%
Debentures | -
7%₹50 Cr5,000
7.37% Govt Stock 2028
Sovereign Bonds | -
6%₹47 Cr4,500,000
Small Industries Development Bank Of India
Debentures | -
6%₹47 Cr450
Rural Electrification Corporation Limited
Debentures | -
4%₹27 Cr250
Mahindra & Mahindra Financial Services Ltd
Debentures | -
4%₹27 Cr2,500
National Bank For Agriculture And Rural Development
Debentures | -
4%₹26 Cr2,500
↑ 2,500
LIC Housing Finance Limited
Debentures | -
3%₹26 Cr250

10. BNP Paribas Corporate Bond Fund

The investment objective of the Scheme is to generate income and capital gains through investments in a portfolio of debt and money market instruments. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme launched hereunder does not guarantee/indicate any returns.

BNP Paribas Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 8 Nov 08. It is a fund with Moderate risk and has given a CAGR/Annualized return of 6% since its launch.  Ranked 24 in Corporate Bond category.  Return for 2023 was 7% , 2022 was 1.6% and 2021 was 2.2% .

Below is the key information for BNP Paribas Corporate Bond Fund

BNP Paribas Corporate Bond Fund
Growth
Launch Date 8 Nov 08
NAV (15 May 24) ₹24.8673 ↑ 0.01   (0.05 %)
Net Assets (Cr) ₹147 on 31 Mar 24
Category Debt - Corporate Bond
AMC BNP Paribas Asset Mgmt India Pvt. Ltd
Rating
Risk Moderate
Expense Ratio 0.87
Sharpe Ratio 0.54
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 300
Exit Load 0-12 Months (1%),12-24 Months (0.5%),24-36 Months (0.25%),36 Months and above(NIL)
Yield to Maturity 7.52%
Effective Maturity 5 Years 6 Months 11 Days
Modified Duration 3 Years 11 Months 12 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 19₹10,000
30 Apr 20₹10,053
30 Apr 21₹10,851
30 Apr 22₹11,053
30 Apr 23₹11,577
30 Apr 24₹12,335

BNP Paribas Corporate Bond Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹194,235.
Net Profit of ₹14,235
Invest Now

Returns for BNP Paribas Corporate Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.9%
1 Year 6.4%
3 Year 4.4%
5 Year 4.5%
10 Year
15 Year
Since launch 6%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7%
2022 1.6%
2021 2.2%
2020 9.9%
2019 0.9%
2018 5.2%
2017 6.7%
2016 10.8%
2015 7.2%
2014 10.8%
Fund Manager information for BNP Paribas Corporate Bond Fund
NameSinceTenure
Mayank Prakash23 Aug 176.61 Yr.
Jay Sheth1 Sep 230.58 Yr.

Data below for BNP Paribas Corporate Bond Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash5.56%
Debt94.2%
Other0.24%
Debt Sector Allocation
SectorValue
Government50.87%
Corporate43.33%
Cash Equivalent5.56%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.1% Govt Stock 2029
Sovereign Bonds | -
10%₹15 Cr1,500,000
Indian Railway Finance Corporation Limited
Debentures | -
8%₹11 Cr110
Export Import Bank Of India
Debentures | -
7%₹10 Cr100
Power Finance Corporation Ltd.
Debentures | -
7%₹10 Cr1,000
Hindustan Petroleum Corporation Limited
Debentures | -
7%₹10 Cr100
Sundaram Bnp Paribas Home Finance Limited
Debentures | -
7%₹10 Cr1,000
Tata Capital Limited
Debentures | -
7%₹10 Cr1,000
HDFC Bank Limited
Debentures | -
7%₹10 Cr100
GAil (India) Limited
Debentures | -
7%₹10 Cr100
Power Grid Corporation Of India Limited
Debentures | -
6%₹9 Cr1,000

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.

How to Invest in Corporate Bond Funds Online?

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  2. Complete your Registration and KYC Process

  3. Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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