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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 23 - 24
- Additional Features of Corporate Bonds
- How to Invest in Corporate Bond Funds Online?
Top 10 Debt - Corporate Bond Funds
- ICICI Prudential Corporate Bond Fund
- Nippon India Prime Debt Fund
- Aditya Birla Sun Life Corporate Bond Fund
- HDFC Corporate Bond Fund
- BNP Paribas Corporate Bond Fund
- Kotak Corporate Bond Fund Standard
- IDFC Corporate Bond Fund
- Invesco India Corporate Bond Fund
- Franklin India Corporate Debt Fund
- Sundaram Corporate Bond Fund
10 Corporate Bond Mutual Funds to Invest 2023 - 2024
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 23 - 24
(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 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 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 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 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 Below is the key information for BNP Paribas 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 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 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 (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 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 Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity ICICI Prudential Corporate Bond Fund Growth ₹25.7891
↑ 0.00 ₹22,656 1.7 4.1 7.5 5.6 4.5 7.91% 1Y 6M 14D 4Y 1M 2D Nippon India Prime Debt Fund Growth ₹51.5849
↓ 0.00 ₹2,459 1.2 4 6.8 5.7 4.3 7.52% 2Y 6M 29D 3Y 4M 6D Aditya Birla Sun Life Corporate Bond Fund Growth ₹97.1847
↑ 0.01 ₹17,961 1.5 3.9 6.8 5.4 4.1 7.62% 2Y 2M 5D 2Y 9M 22D HDFC Corporate Bond Fund Growth ₹28.0379
↓ 0.00 ₹26,407 1.4 4.1 6.8 5.2 3.3 7.65% 2Y 9M 5Y 1M 21D BNP Paribas Corporate Bond Fund Growth ₹23.615
↑ 0.00 ₹142 0.6 3.8 6.3 3.8 1.6 7.5% 4Y 4M 6D 5Y 11M 12D Kotak Corporate Bond Fund Standard Growth ₹3,251.97
↓ -0.18 ₹10,534 1.2 3.8 6.3 4.9 3.7 7.69% 2Y 5M 1D 3Y 11M 12D IDFC Corporate Bond Fund Growth ₹16.6968
↑ 0.00 ₹14,572 1.6 3.6 6 4.6 2.6 7.22% 6M 22D 7M 6D Invesco India Corporate Bond Fund Growth ₹2,746.01
↑ 0.07 ₹2,539 1.1 3.6 5.9 4.4 2.9 7.58% 2Y 6M 22D 3Y 2M 16D Franklin India Corporate Debt Fund Growth ₹85.6695
↑ 0.00 ₹816 1.2 3.5 5.8 5 3.2 7.38% 1Y 8M 26D 2Y 18D Sundaram Corporate Bond Fund Growth ₹34.734
↓ 0.00 ₹888 1 2.9 5.7 4.6 3.7 7.46% 2Y 10M 6D 3Y 9M 18D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 23 100 Crore , manging fund for more than 3 Year & sorted on last 1 year return
1. ICICI Prudential Corporate Bond Fund
CAGR/Annualized return of 7% since its launch. Ranked 7 in Corporate Bond category. Return for 2022 was 4.5% , 2021 was 4.1% and 2020 was 10.4% . ICICI Prudential Corporate Bond Fund
Growth Launch Date 11 Aug 09 NAV (22 Aug 23) ₹25.7891 ↑ 0.00 (0.02 %) Net Assets (Cr) ₹22,656 on 31 Jul 23 Category Debt - Corporate Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.57 Sharpe Ratio 1.84 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.91% Effective Maturity 4 Years 1 Month 2 Days Modified Duration 1 Year 6 Months 14 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹10,965 31 Aug 20 ₹12,086 31 Aug 21 ₹12,796 31 Aug 22 ₹13,258 31 Aug 23 ₹14,250 Returns for ICICI Prudential Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 0.6% 3 Month 1.7% 6 Month 4.1% 1 Year 7.5% 3 Year 5.6% 5 Year 7.3% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 8.5% Fund Manager information for ICICI Prudential Corporate Bond Fund
Name Since Tenure Anuj Tagra 2 Mar 20 3.5 Yr. Rohit Lakhotia 12 Jun 23 0.22 Yr. Data below for ICICI Prudential Corporate Bond Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 6.27% Debt 93.73% Debt Sector Allocation
Sector Value Corporate 56.24% Government 37.4% Cash Equivalent 6.27% Securitized 0.09% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.51% Govt Stock 2033
Sovereign Bonds | -12% ₹2,690 Cr 265,071,700
↓ -10,000,000 7.06% Govt Stock 2028
Sovereign Bonds | -5% ₹1,200 Cr 120,500,000 7.38% Govt Stock 2027
Sovereign Bonds | -4% ₹1,011 Cr 100,386,200 HDFC Bank Limited
Debentures | -3% ₹697 Cr 7,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹689 Cr 69,000
↑ 12,500 Small Industries Development Bank Of India
Debentures | -3% ₹636 Cr 6,400 Small Industries Development Bank Of India
Debentures | -3% ₹601 Cr 6,000 Bharat Petroleum Corporation Limited
Debentures | -3% ₹595 Cr 59,500 HDFC Bank Limited
Debentures | -2% ₹550 Cr 55,000 Hdb Financial Services Limited
Debentures | -2% ₹519 Cr 5,180 2. Nippon India Prime Debt Fund
CAGR/Annualized return of 7.4% since its launch. Ranked 20 in Corporate Bond category. Return for 2022 was 4.3% , 2021 was 4.7% and 2020 was 9.5% . Nippon India Prime Debt Fund
Growth Launch Date 14 Sep 00 NAV (22 Aug 23) ₹51.5849 ↓ 0.00 (-0.01 %) Net Assets (Cr) ₹2,459 on 31 Jul 23 Category Debt - Corporate Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.64 Sharpe Ratio 0.67 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.52% Effective Maturity 3 Years 4 Months 6 Days Modified Duration 2 Years 6 Months 29 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹10,815 31 Aug 20 ₹11,738 31 Aug 21 ₹12,524 31 Aug 22 ₹12,965 31 Aug 23 ₹13,872 Returns for Nippon India Prime Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 0.3% 3 Month 1.2% 6 Month 4% 1 Year 6.8% 3 Year 5.7% 5 Year 6.7% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 8.5% Fund Manager information for Nippon India Prime Debt Fund
Name Since Tenure Vivek Sharma 1 Feb 20 3.58 Yr. Kinjal Desai 25 May 18 5.27 Yr. Akshay Sharma 1 Dec 22 0.75 Yr. Data below for Nippon India Prime Debt Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 11.68% Debt 88.32% Debt Sector Allocation
Sector Value Corporate 50.37% Government 41.79% Cash Equivalent 7.85% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.26% Govt Stock 2033
Sovereign Bonds | -7% ₹176 Cr 17,500,000
↑ 17,500,000 Export Import Bank Of India
Debentures | -6% ₹148 Cr 1,500
↑ 500 National Bank For Agriculture And Rural Development
Debentures | -5% ₹130 Cr 13,000
↑ 2,500 Tata Capital Housing Finance Limited
Debentures | -4% ₹97 Cr 1,000 7.38% Govt Stock 2027
Sovereign Bonds | -4% ₹91 Cr 9,000,000
↓ -2,500,000 Summit Digitel Infrastructure Limited
Debentures | -3% ₹82 Cr 850 08.39 RJ UDAY 2025
Domestic Bonds | -3% ₹78 Cr 7,728,000 Bajaj Housing Finance Limited
Debentures | -3% ₹75 Cr 750 State Bank Of India
Debentures | -2% ₹63 Cr 650 Grasim Industries Limited
Debentures | -2% ₹60 Cr 600 3. Aditya Birla Sun Life Corporate Bond Fund
CAGR/Annualized return of 9% since its launch. Ranked 1 in Corporate Bond category. Return for 2022 was 4.1% , 2021 was 4% and 2020 was 11.9% . Aditya Birla Sun Life Corporate Bond Fund
Growth Launch Date 3 Mar 97 NAV (22 Aug 23) ₹97.1847 ↑ 0.01 (0.01 %) Net Assets (Cr) ₹17,961 on 31 Jul 23 Category Debt - Corporate Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.47 Sharpe Ratio 0.69 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.62% Effective Maturity 2 Years 9 Months 22 Days Modified Duration 2 Years 2 Months 5 Days Growth of 10,000 investment over the years.
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 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 22 Aug 23 Duration Returns 1 Month 0.4% 3 Month 1.5% 6 Month 3.9% 1 Year 6.8% 3 Year 5.4% 5 Year 7.5% 10 Year 15 Year Since launch 9% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 8.4% Fund Manager information for Aditya Birla Sun Life Corporate Bond Fund
Name Since Tenure Kaustubh Gupta 12 Apr 21 2.39 Yr. Dhaval Joshi 21 Nov 22 0.78 Yr. Data below for Aditya Birla Sun Life Corporate Bond Fund as on 31 Jul 23
Asset Allocation
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 4. HDFC Corporate Bond Fund
CAGR/Annualized return of 8.2% since its launch. Ranked 2 in Corporate Bond category. Return for 2022 was 3.3% , 2021 was 3.9% and 2020 was 11.8% . HDFC Corporate Bond Fund
Growth Launch Date 29 Jun 10 NAV (22 Aug 23) ₹28.0379 ↓ 0.00 (-0.01 %) Net Assets (Cr) ₹26,407 on 31 Jul 23 Category Debt - Corporate Bond AMC HDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.59 Sharpe Ratio 0.63 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load NIL Yield to Maturity 7.65% Effective Maturity 5 Years 1 Month 21 Days Modified Duration 2 Years 9 Months Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹11,113 31 Aug 20 ₹12,276 31 Aug 21 ₹13,047 31 Aug 22 ₹13,408 31 Aug 23 ₹14,317 Returns for HDFC Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 0.4% 3 Month 1.4% 6 Month 4.1% 1 Year 6.8% 3 Year 5.2% 5 Year 7.4% 10 Year 15 Year Since launch 8.2% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 7.6% Fund Manager information for HDFC Corporate Bond Fund
Name Since Tenure Anupam Joshi 27 Oct 15 7.85 Yr. Dhruv Muchhal 22 Jun 23 0.19 Yr. Data below for HDFC Corporate Bond Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 3.64% Debt 96.36% Debt Sector Allocation
Sector Value Corporate 48.27% Government 47.93% Cash Equivalent 3.64% Securitized 0.16% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.51% Govt Stock 2033
Sovereign Bonds | -6% ₹1,573 Cr 155,000,000 7.879999999999999% Govt Stock 2028
Sovereign Bonds | -4% ₹1,021 Cr 102,500,000 7.93% Govt Stock 2034
Sovereign Bonds | -4% ₹996 Cr 100,000,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹799 Cr 80,000 Hdb Financial Services Limited
Debentures | -3% ₹753 Cr 75,000 7.1% Govt Stock 2029
Sovereign Bonds | -3% ₹747 Cr 75,000,000 State Bank Of India
Debentures | -2% ₹653 Cr 6,500 Mangalore Refinery And Petrochemicals Limited
Debentures | -2% ₹550 Cr 5,670 State Bank Of India
Debentures | -2% ₹529 Cr 5,500 Reliance Industries Limited
Debentures | -2% ₹528 Cr 5,000 5. BNP Paribas Corporate Bond Fund
CAGR/Annualized return of 6% since its launch. Ranked 24 in Corporate Bond category. Return for 2022 was 1.6% , 2021 was 2.2% and 2020 was 9.9% . BNP Paribas Corporate Bond Fund
Growth Launch Date 8 Nov 08 NAV (22 Aug 23) ₹23.615 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹142 on 31 Jul 23 Category Debt - Corporate Bond AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 0.89 Sharpe Ratio 0.11 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 7.5% Effective Maturity 5 Years 11 Months 12 Days Modified Duration 4 Years 4 Months 6 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹10,021 31 Aug 20 ₹11,075 31 Aug 21 ₹11,556 31 Aug 22 ₹11,622 31 Aug 23 ₹12,385 Returns for BNP Paribas Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 0.1% 3 Month 0.6% 6 Month 3.8% 1 Year 6.3% 3 Year 3.8% 5 Year 4.3% 10 Year 15 Year Since launch 6% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 7.1% Fund Manager information for BNP Paribas Corporate Bond Fund
Name Since Tenure Mayank Prakash 23 Aug 17 6.03 Yr. Jay Sheth 1 Sep 23 0 Yr. Data below for BNP Paribas Corporate Bond Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 5.71% Debt 94.29% Debt Sector Allocation
Sector Value Corporate 53.78% Government 40.5% Cash Equivalent 5.71% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.1% Govt Stock 2029
Sovereign Bonds | -11% ₹15 Cr 1,500,000 Tata Capital Financial Services Limited
Debentures | -8% ₹11 Cr 1,130 Indian Railway Finance Corporation Limited
Debentures | -8% ₹11 Cr 110 Export Import Bank Of India
Debentures | -7% ₹10 Cr 100 Sundaram Bnp Paribas Home Finance Limited
Debentures | -7% ₹10 Cr 1,000 Power Finance Corporation Ltd.
Debentures | -7% ₹10 Cr 1,000 Hindustan Petroleum Corporation Limited
Debentures | -7% ₹10 Cr 100 HDFC Bank Limited
Debentures | -7% ₹10 Cr 100 GAil (India) Limited
Debentures | -7% ₹10 Cr 100 Power Grid Corporation Of India Limited
Debentures | -7% ₹10 Cr 1,000 6. Kotak Corporate Bond Fund Standard
CAGR/Annualized return of 7.7% since its launch. Ranked 15 in Corporate Bond category. Return for 2022 was 3.7% , 2021 was 3.8% and 2020 was 9.7% . Kotak Corporate Bond Fund Standard
Growth Launch Date 21 Sep 07 NAV (22 Aug 23) ₹3,251.97 ↓ -0.18 (-0.01 %) Net Assets (Cr) ₹10,534 on 31 Jul 23 Category Debt - Corporate Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.4 Sharpe Ratio 0.06 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.69% Effective Maturity 3 Years 11 Months 12 Days Modified Duration 2 Years 5 Months 1 Day Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹10,973 31 Aug 20 ₹12,007 31 Aug 21 ₹12,678 31 Aug 22 ₹13,051 31 Aug 23 ₹13,899 Returns for Kotak Corporate Bond Fund Standard
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 0.3% 3 Month 1.2% 6 Month 3.8% 1 Year 6.3% 3 Year 4.9% 5 Year 6.8% 10 Year 15 Year Since launch 7.7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 6.2% Fund Manager information for Kotak Corporate Bond Fund Standard
Name Since Tenure Deepak Agrawal 1 Feb 15 8.58 Yr. Manu Sharma 1 Nov 22 0.83 Yr. Palha Khanna 3 Jul 23 0.16 Yr. Data below for Kotak Corporate Bond Fund Standard as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 7.83% Debt 92.17% Debt Sector Allocation
Sector Value Corporate 62.61% Government 29.56% Cash Equivalent 7.83% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.51% Govt Stock 2033
Sovereign Bonds | -7% ₹697 Cr 68,632,660 Power Finance Corporation Ltd.
Debentures | -5% ₹494 Cr 4,950 7.17% Govt Stock 2030
Sovereign Bonds | -4% ₹437 Cr 43,748,510 Jamnagar Utilities & Power Private Limited
Debentures | -4% ₹394 Cr 4,100 7.38% Govt Stock 2027
Sovereign Bonds | -4% ₹375 Cr 37,250,000 HDFC Bank Limited
Debentures | -3% ₹369 Cr 37,000
↓ -1,500 Bajaj Housing Finance Limited
Debentures | -3% ₹368 Cr 3,670 Bajaj Finance Limited
Debentures | -3% ₹275 Cr 2,750 Small Industries Development Bank Of India
Debentures | -3% ₹274 Cr 27,500 Small Industries Development Bank Of India
Debentures | -2% ₹262 Cr 26,200 7. IDFC Corporate Bond Fund
CAGR/Annualized return of 7% since its launch. Return for 2022 was 2.6% , 2021 was 3.7% and 2020 was 11.6% . IDFC Corporate Bond Fund
Growth Launch Date 12 Jan 16 NAV (22 Aug 23) ₹16.6968 ↑ 0.00 (0.02 %) Net Assets (Cr) ₹14,572 on 31 Jul 23 Category Debt - Corporate Bond AMC IDFC Asset Management Company Limited Rating Risk Moderate Expense Ratio 0.6 Sharpe Ratio -0.54 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.22% Effective Maturity 7 Months 6 Days Modified Duration 6 Months 22 Days Growth of 10,000 investment over the years.
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 Returns for IDFC Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3.6% 1 Year 6% 3 Year 4.6% 5 Year 6.7% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2022 2.6% 2021 3.7% 2020 11.6% 2019 8.5% 2018 6.3% 2017 6.2% 2016 2015 2014 2013 Fund Manager information for IDFC Corporate Bond Fund
Name Since Tenure Suyash Choudhary 28 Jul 21 2.09 Yr. Gautam Kaul 1 Dec 21 1.75 Yr. Data below for IDFC Corporate Bond Fund as on 31 Jul 23
Asset Allocation
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 8. Invesco India Corporate Bond Fund
CAGR/Annualized return of 6.5% since its launch. Ranked 27 in Corporate Bond category. Return for 2022 was 2.9% , 2021 was 3.4% and 2020 was 10.1% . Invesco India Corporate Bond Fund
Growth Launch Date 2 Aug 07 NAV (22 Aug 23) ₹2,746.01 ↑ 0.07 (0.00 %) Net Assets (Cr) ₹2,539 on 31 Jul 23 Category Debt - Corporate Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆ Risk Moderate Expense Ratio 0.66 Sharpe Ratio -0.32 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.58% Effective Maturity 3 Years 2 Months 16 Days Modified Duration 2 Years 6 Months 22 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹11,082 31 Aug 20 ₹12,228 31 Aug 21 ₹12,859 31 Aug 22 ₹13,121 31 Aug 23 ₹13,928 Returns for Invesco India Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 0.3% 3 Month 1.1% 6 Month 3.6% 1 Year 5.9% 3 Year 4.4% 5 Year 6.8% 10 Year 15 Year Since launch 6.5% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 5.6% Fund Manager information for Invesco India Corporate Bond Fund
Name Since Tenure Krishna Cheemalapati 16 Dec 20 2.71 Yr. Vikas Garg 26 Sep 20 2.93 Yr. Data below for Invesco India Corporate Bond Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 6.42% Debt 93.58% Debt Sector Allocation
Sector Value Corporate 56.22% Government 37.36% Cash Equivalent 6.42% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.38% Govt Stock 2027
Sovereign Bonds | -5% ₹121 Cr 12,054,900
↓ -500,000 7.26% Govt Stock 2033
Sovereign Bonds | -4% ₹96 Cr 9,500,000
↓ -500,000 Sikka Ports & Terminals Limited
Debentures | -3% ₹88 Cr 9,000,000 Small Industries Development Bank Of India
Debentures | -3% ₹80 Cr 8,000,000 Bajaj Housing Finance Limited
Debentures | -3% ₹75 Cr 7,500,000 HDFC Bank Limited
Debentures | -3% ₹65 Cr 6,500,000 Rural Electrification Corporation Limited
Debentures | -3% ₹65 Cr 6,500,000
↑ 2,500,000 State Bank Of India
Debentures | -2% ₹60 Cr 6,000,000 7.1% Govt Stock 2029
Sovereign Bonds | -2% ₹60 Cr 6,000,000 L&T Metro Rail (Hyderabad) Limited
Debentures | -2% ₹59 Cr 6,000,000 9. Franklin India Corporate Debt Fund
CAGR/Annualized return of 8.6% since its launch. Ranked 22 in Corporate Bond category. Return for 2022 was 3.2% , 2021 was 3.8% and 2020 was 9% . Franklin India Corporate Debt Fund
Growth Launch Date 23 Jun 97 NAV (22 Aug 23) ₹85.6695 ↑ 0.00 (0.00 %) Net Assets (Cr) ₹816 on 31 Jul 23 Category Debt - Corporate Bond AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆ Risk Moderate Expense Ratio 0.78 Sharpe Ratio -0.57 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 7.38% Effective Maturity 2 Years 18 Days Modified Duration 1 Year 8 Months 26 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹11,044 31 Aug 20 ₹11,904 31 Aug 21 ₹12,666 31 Aug 22 ₹12,996 31 Aug 23 ₹13,766 Returns for Franklin India Corporate Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 0.4% 3 Month 1.2% 6 Month 3.5% 1 Year 5.8% 3 Year 5% 5 Year 6.6% 10 Year 15 Year Since launch 8.6% Historical performance (Yearly) on absolute basis
Year Returns 2022 3.2% 2021 3.8% 2020 9% 2019 9.2% 2018 7.5% 2017 7.7% 2016 9% 2015 8.4% 2014 13% 2013 7.5% Fund Manager information for Franklin India Corporate Debt Fund
Name Since Tenure Sachin Padwal-Desai 4 Jun 21 2.24 Yr. Umesh Sharma 4 Jun 21 2.24 Yr. Data below for Franklin India Corporate Debt Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 21.37% Debt 78.63% Debt Sector Allocation
Sector Value Government 41.69% Corporate 36.94% Cash Equivalent 21.37% Credit Quality
Rating Value AA 2.42% AAA 97.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity Indian Railway Finance Corporation Limited
Debentures | -7% ₹54 Cr 500 HDFC Bank Limited
Debentures | -6% ₹52 Cr 500 Nuclear Power Corporation Of India Limited
Debentures | -6% ₹52 Cr 5,000 National Housing Bank
Debentures | -6% ₹52 Cr 500 Export Import Bank Of India
Debentures | -6% ₹51 Cr 500 National Bank For Agriculture And Rural Development
Debentures | -6% ₹50 Cr 500 Small Industries Development Bank Of India
Debentures | -6% ₹50 Cr 500 LIC Housing Finance Limited
Debentures | -3% ₹26 Cr 250 Rec Limited
Debentures | -3% ₹26 Cr 250 Power Grid Corporation Of India Limited
Debentures | -3% ₹26 Cr 250 10. Sundaram Corporate Bond Fund
CAGR/Annualized return of 6.9% since its launch. Ranked 15 in Corporate Bond category. Return for 2022 was 3.7% , 2021 was 3.5% and 2020 was 11% . Sundaram Corporate Bond Fund
Growth Launch Date 30 Dec 04 NAV (22 Aug 23) ₹34.734 ↓ 0.00 (-0.01 %) Net Assets (Cr) ₹888 on 31 Jul 23 Category Debt - Corporate Bond AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.51 Sharpe Ratio -1.18 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 250 Exit Load NIL Yield to Maturity 7.46% Effective Maturity 3 Years 9 Months 18 Days Modified Duration 2 Years 10 Months 6 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹11,169 31 Aug 20 ₹12,422 31 Aug 21 ₹13,115 31 Aug 22 ₹13,445 31 Aug 23 ₹14,241 Returns for Sundaram Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 0.2% 3 Month 1% 6 Month 2.9% 1 Year 5.7% 3 Year 4.6% 5 Year 7.3% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 -0.3% Fund Manager information for Sundaram Corporate Bond Fund
Name Since Tenure Dwijendra Srivastava 31 Jul 10 13.1 Yr. Sandeep Agarwal 1 Jun 12 11.26 Yr. Data below for Sundaram Corporate Bond Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 10.45% Debt 89.55% Debt Sector Allocation
Sector Value Corporate 57.75% Government 34.03% Cash Equivalent 8.22% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.06% Govt Stock 2028
Sovereign Bonds | -8% ₹75 Cr 7,500,000 Indian Railway Finance Corporation Limited
Debentures | -8% ₹70 Cr 7,000 Small Industries Development Bank Of India
Debentures | -7% ₹60 Cr 6,000 National Bank For Agriculture And Rural Development
Debentures | -6% ₹50 Cr 5,000 National Housing Bank
Debentures | -6% ₹50 Cr 5,000 7.38% Govt Stock 2027
Sovereign Bonds | -5% ₹45 Cr 4,500,000 Power Finance Corporation Ltd.
Debentures | -5% ₹40 Cr 4,000 LIC Housing Finance Limited
Debentures | -3% ₹30 Cr 300 LIC Housing Finance Limited
Debentures | -3% ₹30 Cr 300 Rec Limited
Debentures | -3% ₹25 Cr 250
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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