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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
- Sundaram Corporate Bond Fund
- Kotak Corporate Bond Fund Standard
- HDFC Corporate Bond Fund
- Franklin India Corporate Debt Fund
- Invesco India Corporate Bond Fund
- Canara Robeco Corporate Bond Fund
- IDFC 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 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 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 (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 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 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 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 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 ₹24.8993
↓ -0.01 ₹16,998 1.5 3.2 5.5 6.8 4.5 7.98% 1Y 1M 17D 4Y 5M 16D Nippon India Prime Debt Fund Growth ₹49.9613
↑ 0.01 ₹1,702 1.5 3.5 4.8 6.5 4.3 7.92% 2Y 7M 24D 3Y 4M 6D Aditya Birla Sun Life Corporate Bond Fund Growth ₹94.1193
↑ 0.02 ₹12,121 1.5 3.4 4.6 7.2 4.1 8% 1Y 8M 23D 2Y 2M 1D Sundaram Corporate Bond Fund Growth ₹33.9516
↑ 0.01 ₹996 1.6 3.1 4.3 6.8 3.7 7.49% 2M 23D 2M 30D Kotak Corporate Bond Fund Standard Growth ₹3,153.72
↓ -0.11 ₹8,881 1.3 3 4.2 6.2 3.7 8.02% 1Y 8M 23D 3Y 5M 19D HDFC Corporate Bond Fund Growth ₹27.1019
↑ 0.01 ₹23,487 1.4 3.1 3.9 6.7 3.3 7.6% 2Y 7M 6D 5Y 22D Franklin India Corporate Debt Fund Growth ₹83.3757
↑ 0.04 ₹748 1.6 3.1 3.9 5.9 3.2 7.68% 1Y 4M 24D 1Y 8M 12D Invesco India Corporate Bond Fund Growth ₹2,668.97
↑ 0.53 ₹2,066 1.4 3.1 3.4 6.2 2.9 7.83% 1Y 11M 26D 2Y 4M 10D Canara Robeco Corporate Bond Fund Growth ₹18.579
↑ 0.00 ₹192 1.3 2.8 3.4 5.5 2.9 7.66% 1Y 6M 16D 1Y 10M 22D IDFC Corporate Bond Fund Growth ₹16.2076
↑ 0.00 ₹13,935 1.5 3 3.2 6.9 2.6 7.73% 11M 16D 1Y 22D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Mar 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 6.9% 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 (24 Mar 23) ₹24.8993 ↓ -0.01 (-0.02 %) Net Assets (Cr) ₹16,998 on 28 Feb 23 Category Debt - Corporate Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.58 Sharpe Ratio -0.36 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.98% Effective Maturity 4 Years 5 Months 16 Days Modified Duration 1 Year 1 Month 17 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,690 29 Feb 20 ₹11,799 28 Feb 21 ₹12,798 28 Feb 22 ₹13,392 28 Feb 23 ₹14,078 Returns for ICICI Prudential Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Mar 23 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 3.2% 1 Year 5.5% 3 Year 6.8% 5 Year 7% 10 Year 15 Year Since launch 6.9% 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 Rahul Goswami 16 Oct 17 5.3 Yr. Anuj Tagra 2 Mar 20 2.92 Yr. Chandni Gupta 3 Aug 16 6.5 Yr. Data below for ICICI Prudential Corporate Bond Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 8.24% Debt 91.76% Debt Sector Allocation
Sector Value Corporate 54.1% Government 37.5% Cash Equivalent 8.24% Securitized 0.16% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.42 9/22/2033 12:00:00 Am
Sovereign Bonds | -16% ₹2,694 Cr 271,071,700
↑ 1,000,000 Reliance Industries Limited
Debentures | -8% ₹1,340 Cr 13,250 7.01 10/4/2028 12:00:00 Am
Sovereign Bonds | -5% ₹791 Cr 80,354,723 7.69 10/30/2034 12:00:00 Am
Sovereign Bonds | -4% ₹704 Cr 72,217,650 Housing Development Finance Corporation Ltd
Debentures | -4% ₹697 Cr 7,000 Small Industries Development Bank Of India
Debentures | -4% ₹634 Cr 6,400 Small Industries Development Bank Of India
Debentures | -4% ₹601 Cr 6,000 Hdb Financial Services Limited
Debentures | -3% ₹519 Cr 5,180 Bajaj Finance Limited
Debentures | -3% ₹500 Cr 5,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹398 Cr 40,000 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 (24 Mar 23) ₹49.9613 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹1,702 on 28 Feb 23 Category Debt - Corporate Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.63 Sharpe Ratio -0.95 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.92% Effective Maturity 3 Years 4 Months 6 Days Modified Duration 2 Years 7 Months 24 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,738 29 Feb 20 ₹11,637 28 Feb 21 ₹12,493 28 Feb 22 ₹13,193 28 Feb 23 ₹13,755 Returns for Nippon India Prime Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Mar 23 Duration Returns 1 Month 0.7% 3 Month 1.5% 6 Month 3.5% 1 Year 4.8% 3 Year 6.5% 5 Year 6.6% 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 Yr. Kinjal Desai 25 May 18 4.69 Yr. Akshay Sharma 1 Dec 22 0.17 Yr. Data below for Nippon India Prime Debt Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 6.91% Debt 93.09% Debt Sector Allocation
Sector Value Corporate 63.93% Government 29.16% Cash Equivalent 6.91% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tata Capital Housing Finance Limited
Debentures | -6% ₹95 Cr 1,000 7.38 6/20/2027 12:00:00 Am
Sovereign Bonds | -5% ₹90 Cr 9,000,000 Summit Digitel Infrastructure Limited
Debentures | -5% ₹82 Cr 850 08.39 RJ UDAY 2025
Domestic Bonds | -5% ₹79 Cr 7,728,000 Bajaj Finance Limited
Debentures | -4% ₹75 Cr 750 LIC Housing Finance Limited
Debentures | -4% ₹75 Cr 750 National Bank For Agriculture And Rural Development
Debentures | -4% ₹75 Cr 750 State Bank Of India
Debentures | -4% ₹62 Cr 650 Tata Capital Financial Services Limited
Debentures | -3% ₹50 Cr 500 Power Finance Corporation Ltd.
Debentures | -3% ₹50 Cr 500 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 (24 Mar 23) ₹94.1193 ↑ 0.02 (0.02 %) Net Assets (Cr) ₹12,121 on 28 Feb 23 Category Debt - Corporate Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.46 Sharpe Ratio -0.76 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 8% Effective Maturity 2 Years 2 Months 1 Day Modified Duration 1 Year 8 Months 23 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,766 29 Feb 20 ₹11,871 28 Feb 21 ₹12,963 28 Feb 22 ₹13,657 28 Feb 23 ₹14,252 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 Mar 23 Duration Returns 1 Month 0.6% 3 Month 1.5% 6 Month 3.4% 1 Year 4.6% 3 Year 7.2% 5 Year 7.3% 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 1.81 Yr. Data below for Aditya Birla Sun Life Corporate Bond Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 9.08% Debt 90.92% Debt Sector Allocation
Sector Value Corporate 57.3% Government 31.85% Cash Equivalent 8.99% Securitized 1.86% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.42 9/22/2033 12:00:00 Am
Sovereign Bonds | -5% ₹560 Cr 56,308,500
↑ 14,500,000 Sikka Ports & Terminals Limited
Debentures | -3% ₹364 Cr 3,650 Bajaj Housing Finance Limited
Debentures | -3% ₹346 Cr 3,525 Sikka Ports & Terminals Limited
Debentures | -3% ₹325 Cr 3,250 7.69 10/30/2034 12:00:00 Am
Sovereign Bonds | -3% ₹314 Cr 32,137,700 HDFC Bank Limited
Debentures | -2% ₹278 Cr 280
↓ -170 7.27 4/8/2026 12:00:00 Am
Sovereign Bonds | -2% ₹250 Cr 25,000,000 Small Industries Development Bank Of India
Debentures | -2% ₹249 Cr 2,500 Sikka Ports & Terminals Limited
Debentures | -2% ₹241 Cr 2,500 Power Finance Corporation Ltd.
Debentures | -2% ₹224 Cr 2,250 4. 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 (24 Mar 23) ₹33.9516 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹996 on 28 Feb 23 Category Debt - Corporate Bond AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.53 Sharpe Ratio -1.62 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 250 Exit Load NIL Yield to Maturity 7.49% Effective Maturity 2 Months 30 Days Modified Duration 2 Months 23 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,631 29 Feb 20 ₹11,958 28 Feb 21 ₹12,912 28 Feb 22 ₹13,539 28 Feb 23 ₹14,081 Returns for Sundaram Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Mar 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3.1% 1 Year 4.3% 3 Year 6.8% 5 Year 7% 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 12.51 Yr. Sandeep Agarwal 1 Jun 12 10.68 Yr. Data below for Sundaram Corporate Bond Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 58.95% Debt 41.05% Debt Sector Allocation
Sector Value Cash Equivalent 54.18% Government 23.8% Corporate 22.01% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 08.42 Tn SDL 2023
Sovereign Bonds | -5% ₹50 Cr 5,000,000 National Bank For Agriculture And Rural Development
Debentures | -5% ₹50 Cr 500 Housing And Urban Development Corporation Limited
Debentures | -5% ₹50 Cr 500 Housing Development Finance Corporation Ltd
Debentures | -4% ₹40 Cr 400 Reliance Industries Limited
Debentures | -3% ₹35 Cr 350 LIC Housing Finance Limited
Debentures | -3% ₹35 Cr 350 National Housing Bank
Debentures | -3% ₹30 Cr 300 09.25 MH Sdl 2023
Sovereign Bonds | -2% ₹25 Cr 2,500,000 Indian Railway Finance Corporation Limited
Debentures | -2% ₹25 Cr 250 LIC Housing Finance Limited
Debentures | -2% ₹25 Cr 250 5. 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 (24 Mar 23) ₹3,153.72 ↓ -0.11 (0.00 %) Net Assets (Cr) ₹8,881 on 28 Feb 23 Category Debt - Corporate Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.46 Sharpe Ratio -1.61 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 8.02% Effective Maturity 3 Years 5 Months 19 Days Modified Duration 1 Year 8 Months 23 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,797 29 Feb 20 ₹11,850 28 Feb 21 ₹12,726 28 Feb 22 ₹13,359 28 Feb 23 ₹13,855 Returns for Kotak Corporate Bond Fund Standard
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Mar 23 Duration Returns 1 Month 0.6% 3 Month 1.3% 6 Month 3% 1 Year 4.2% 3 Year 6.2% 5 Year 6.7% 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 31 Jan 15 8.01 Yr. Vihag Mishra 30 Apr 22 0.76 Yr. Manu Sharma 1 Nov 22 0.25 Yr. Data below for Kotak Corporate Bond Fund Standard as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 3.34% Debt 96.66% Debt Sector Allocation
Sector Value Corporate 65.6% Government 31.06% Cash Equivalent 3.34% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.42 9/22/2033 12:00:00 Am
Sovereign Bonds | -8% ₹669 Cr 67,332,660 7.38 6/20/2027 12:00:00 Am
Sovereign Bonds | -6% ₹539 Cr 53,750,000
↑ 52,500,000 Power Finance Corporation Ltd.
Debentures | -6% ₹491 Cr 4,950 L&T Metro Rail (Hyderabad) Limited
Debentures | -5% ₹412 Cr 4,250 Power Finance Corporation Ltd.
Debentures | -3% ₹296 Cr 3,000 Jamnagar Utilities & Power Private Limited
Debentures | -3% ₹295 Cr 3,100 Bajaj Finance Limited
Debentures | -3% ₹275 Cr 2,750 Housing Development Finance Corporation Ltd
Debentures | -3% ₹249 Cr 2,500 Bajaj Finance Limited
Debentures | -3% ₹238 Cr 2,450 Rural Electrification Corporation Limited
Debentures | -3% ₹233 Cr 2,350 6. HDFC Corporate Bond Fund
CAGR/Annualized return of 8.1% 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 (24 Mar 23) ₹27.1019 ↑ 0.01 (0.03 %) Net Assets (Cr) ₹23,487 on 28 Feb 23 Category Debt - Corporate Bond AMC HDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.6 Sharpe Ratio -1.11 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load NIL Yield to Maturity 7.6% Effective Maturity 5 Years 22 Days Modified Duration 2 Years 7 Months 6 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,725 29 Feb 20 ₹11,938 28 Feb 21 ₹12,946 28 Feb 22 ₹13,639 28 Feb 23 ₹14,130 Returns for HDFC Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Mar 23 Duration Returns 1 Month 0.5% 3 Month 1.4% 6 Month 3.1% 1 Year 3.9% 3 Year 6.7% 5 Year 7.1% 10 Year 15 Year Since launch 8.1% 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 7.27 Yr. Priya Ranjan 1 May 22 0.76 Yr. Data below for HDFC Corporate Bond Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 4.75% Debt 95.25% Debt Sector Allocation
Sector Value Government 51.25% Corporate 43.83% Cash Equivalent 4.75% Securitized 0.17% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.42 9/22/2033 12:00:00 Am
Sovereign Bonds | -5% ₹1,218 Cr 122,500,000 7.69 10/30/2034 12:00:00 Am
Sovereign Bonds | -4% ₹951 Cr 97,500,000
↑ 1,000,000 7.01 10/4/2028 12:00:00 Am
Sovereign Bonds | -4% ₹935 Cr 95,000,000 6.97 9/6/2026 12:00:00 Am
Sovereign Bonds | -4% ₹842 Cr 85,000,000
↓ -5,000,000 7.1 4/18/2029 12:00:00 Am
Sovereign Bonds | -3% ₹741 Cr 75,000,000
↑ 28,000,000 Bajaj Finance Limited
Debentures | -3% ₹715 Cr 7,300 State Bank Of India
Debentures | -3% ₹653 Cr 6,500 Mangalore Refinery And Petrochemicals Limited
Debentures | -2% ₹546 Cr 5,670 Reliance Industries Limited
Debentures | -2% ₹527 Cr 5,000 State Bank Of India
Debentures | -2% ₹520 Cr 5,500 7. 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 (24 Mar 23) ₹83.3757 ↑ 0.04 (0.05 %) Net Assets (Cr) ₹748 on 28 Feb 23 Category Debt - Corporate Bond AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆ Risk Moderate Expense Ratio 0.85 Sharpe Ratio -1.71 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 7.68% Effective Maturity 1 Year 8 Months 12 Days Modified Duration 1 Year 4 Months 24 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,761 29 Feb 20 ₹11,978 28 Feb 21 ₹12,644 28 Feb 22 ₹13,244 28 Feb 23 ₹13,688 Returns for Franklin India Corporate Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Mar 23 Duration Returns 1 Month 0.7% 3 Month 1.6% 6 Month 3.1% 1 Year 3.9% 3 Year 5.9% 5 Year 6.4% 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 1.66 Yr. Santosh Kamath 23 Jun 97 25.63 Yr. Umesh Sharma 4 Jun 21 1.66 Yr. Data below for Franklin India Corporate Debt Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 37.33% Debt 62.67% Debt Sector Allocation
Sector Value Cash Equivalent 37.33% Government 34.36% Corporate 28.31% Credit Quality
Rating Value AA 6.07% AAA 93.93% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.38 6/20/2027 12:00:00 Am
Sovereign Bonds | -18% ₹132 Cr 13,000,000 Food Corporation Of India
Debentures | -8% ₹59 Cr 550 Sikka Ports & Terminals Limited
Debentures | -7% ₹53 Cr 500 Ntpc Limited
Debentures | -7% ₹53 Cr 500 Housing Development Finance Corporation Ltd
Debentures | -7% ₹50 Cr 500 National Bank For Agriculture And Rural Development
Debentures | -7% ₹49 Cr 500 Rural Electrification Corporation Limited
Debentures | -4% ₹27 Cr 250 Rec Limited
Debentures | -4% ₹26 Cr 250 Larsen And Toubro Limited
Debentures | -4% ₹26 Cr 250 Indian Railway Finance Corporation Limited
Debentures | -3% ₹26 Cr 250 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 (24 Mar 23) ₹2,668.97 ↑ 0.53 (0.02 %) Net Assets (Cr) ₹2,066 on 28 Feb 23 Category Debt - Corporate Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆ Risk Moderate Expense Ratio 0.63 Sharpe Ratio -1.7 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.83% Effective Maturity 2 Years 4 Months 10 Days Modified Duration 1 Year 11 Months 26 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,617 29 Feb 20 ₹11,818 28 Feb 21 ₹12,702 28 Feb 22 ₹13,299 28 Feb 23 ₹13,692 Returns for Invesco India Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Mar 23 Duration Returns 1 Month 0.7% 3 Month 1.4% 6 Month 3.1% 1 Year 3.4% 3 Year 6.2% 5 Year 6.4% 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 2.2 Yr. Vikas Garg 26 Sep 20 2.43 Yr. Data below for Invesco India Corporate Bond Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 4.94% Debt 95.06% Debt Sector Allocation
Sector Value Corporate 58.47% Government 36.59% Cash Equivalent 4.94% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -5% ₹100 Cr 10,000,000 5.74 11/15/2026 12:00:00 Am
Sovereign Bonds | -4% ₹90 Cr 9,500,000 8.33 7/9/2026 12:00:00 Am
Sovereign Bonds | -4% ₹82 Cr 8,000,000
↓ -500,000 Jamnagar Utilities & Power Private Limited
Debentures | -4% ₹77 Cr 7,500,000 Sikka Ports & Terminals Limited
Debentures | -3% ₹63 Cr 6,500,000 State Bank Of India
Debentures | -3% ₹60 Cr 6,000,000
↑ 2,500,000 Pipeline Infrastructure Limited
Debentures | -3% ₹56 Cr 5,500,000 7.38 6/20/2027 12:00:00 Am
Sovereign Bonds | -2% ₹51 Cr 5,084,900
↑ 1,500,000 HDB Financial Services 8.04%
Debentures | -2% ₹50 Cr 5,000,000 Small Industries Development Bank Of India
Debentures | -2% ₹50 Cr 5,000,000 9. Canara Robeco Corporate Bond Fund
CAGR/Annualized return of 7% since its launch. Ranked 51 in Corporate Bond category. Return for 2022 was 2.9% , 2021 was 2.8% and 2020 was 9.6% . Canara Robeco Corporate Bond Fund
Growth Launch Date 7 Feb 14 NAV (24 Mar 23) ₹18.579 ↑ 0.00 (0.00 %) Net Assets (Cr) ₹192 on 28 Feb 23 Category Debt - Corporate Bond AMC Canara Robeco Asset Management Co. Ltd. Rating ☆☆ Risk Moderate Expense Ratio 1.02 Sharpe Ratio -2.03 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 7.66% Effective Maturity 1 Year 10 Months 22 Days Modified Duration 1 Year 6 Months 16 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,625 29 Feb 20 ₹11,691 28 Feb 21 ₹12,485 28 Feb 22 ₹13,023 28 Feb 23 ₹13,416 Returns for Canara Robeco Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Mar 23 Duration Returns 1 Month 0.6% 3 Month 1.3% 6 Month 2.8% 1 Year 3.4% 3 Year 5.5% 5 Year 6% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2022 2.9% 2021 2.8% 2020 9.6% 2019 9.4% 2018 5.3% 2017 5.3% 2016 9.6% 2015 7.6% 2014 2013 Fund Manager information for Canara Robeco Corporate Bond Fund
Name Since Tenure Suman Prasad 18 Jul 22 0.54 Yr. Avnish Jain 7 Feb 14 8.99 Yr. Data below for Canara Robeco Corporate Bond Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 18.75% Debt 81.25% Debt Sector Allocation
Sector Value Corporate 53.92% Government 26.11% Cash Equivalent 18.75% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Limited
Debentures | -8% ₹15 Cr 150 Small Industries Development Bank Of India
Debentures | -8% ₹15 Cr 150 09.41 KL Sdl 2024
Sovereign Bonds | -5% ₹10 Cr 1,000,000 7.38 6/20/2027 12:00:00 Am
Sovereign Bonds | -5% ₹10 Cr 1,000,000 Ntpc Limited
Debentures | -5% ₹10 Cr 100 National Bank For Agriculture And Rural Development
Debentures | -5% ₹10 Cr 100 LIC Housing Finance Limited
Debentures | -5% ₹10 Cr 100 National Housing Bank
Debentures | -5% ₹10 Cr 100 Rec Limited
Debentures | -5% ₹10 Cr 100 Bajaj Finance Limited
Debentures | -5% ₹10 Cr 100 10. IDFC Corporate Bond Fund
CAGR/Annualized return of 6.9% 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 (24 Mar 23) ₹16.2076 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹13,935 on 28 Feb 23 Category Debt - Corporate Bond AMC IDFC Asset Management Company Limited Rating Risk Moderate Expense Ratio 0.58 Sharpe Ratio -1.69 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.73% Effective Maturity 1 Year 22 Days Modified Duration 11 Months 16 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,721 29 Feb 20 ₹11,674 28 Feb 21 ₹12,674 28 Feb 22 ₹13,363 28 Feb 23 ₹13,731 Returns for IDFC Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Mar 23 Duration Returns 1 Month 0.6% 3 Month 1.5% 6 Month 3% 1 Year 3.2% 3 Year 6.9% 5 Year 6.5% 10 Year 15 Year Since launch 6.9% 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 1.51 Yr. Gautam Kaul 1 Dec 21 1.17 Yr. Data below for IDFC Corporate Bond Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 19.93% Debt 80.07% Debt Sector Allocation
Sector Value Corporate 52.86% Government 33.65% Cash Equivalent 13.48% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Ultratech Cement Limited
Debentures | -5% ₹697 Cr 71,500,000 National Bank For Agriculture And Rural Development
Debentures | -5% ₹669 Cr 68,500,000
↑ 11,000,000 Power Finance Corporation Ltd.
Debentures | -4% ₹626 Cr 62,900,000
↓ -5,000,000 National Housing Bank
Debentures | -4% ₹548 Cr 56,000,000 Oil And Natural Gas Corporation Limited
Debentures | -3% ₹440 Cr 45,000,000 Export Import Bank Of India
Debentures | -3% ₹429 Cr 44,000,000 5.22 6/15/2025 12:00:00 Am
Sovereign Bonds | -3% ₹422 Cr 44,000,000
↓ -22,500,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹411 Cr 42,000,000
↑ 2,500,000 Indian Railway Finance Corporation Limited
Debentures | -3% ₹408 Cr 40,500,000
↑ 7,500,000 Rural Electrification Corporation Limited
Debentures | -3% ₹385 Cr 39,500,000
↓ -2,500,000
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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