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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 24 - 25
- Additional Features of Corporate Bonds
- How to Invest in Corporate Bond Funds Online?
Top 10 Debt - Corporate Bond Funds
- Aditya Birla Sun Life Corporate Bond Fund
- ICICI Prudential Corporate Bond Fund
- HDFC Corporate Bond Fund
- Nippon India Prime Debt Fund
- Kotak Corporate Bond Fund Standard
- Invesco India Corporate Bond Fund
- BNP Paribas Corporate Bond Fund
- IDFC Corporate Bond Fund
- Sundaram Corporate Bond Fund
- L&T Triple Ace Bond Fund
10 Corporate Bond Mutual Funds to Invest 2024 - 2025
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
(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 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 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 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 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 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 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 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 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 To generate regular and stable income for the unitholders of the Scheme. The corpus of the scheme would be invested primarily in debt market securities such as nonconvertible debentures, bonds issued by corporates, bank and government, commercial paper, certificate of deposits and other money market instruments. The scheme would invest predominantly in securities rated by the Credit Rating and Information Services of India Limited (CRISIL), or any other rating agency. L&T Triple Ace Bond Fund is a Debt - Corporate Bond fund was launched on 9 Jun 97. It is a fund with Moderate risk and has given a Below is the key information for L&T Triple Ace Bond Fund Returns up to 1 year are on Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Aditya Birla Sun Life Corporate Bond Fund Growth ₹104.259
↑ 0.03 ₹20,301 2.3 4.3 7.7 5.9 7.3 7.81% 3Y 11M 1D 5Y 9M 14D ICICI Prudential Corporate Bond Fund Growth ₹27.598
↑ 0.01 ₹26,944 2.1 4 7.6 6.2 7.6 7.86% 2Y 4M 20D 4Y 22D HDFC Corporate Bond Fund Growth ₹30.0548
↑ 0.01 ₹29,024 2.2 4.3 7.6 5.7 7.2 7.69% 3Y 6M 7D 5Y 6M 22D Nippon India Prime Debt Fund Growth ₹55.2447
↑ 0.02 ₹3,215 2.1 4.1 7.3 6 7.1 7.65% 3Y 9M 18D 4Y 11M 12D Kotak Corporate Bond Fund Standard Growth ₹3,481.32
↑ 1.06 ₹12,876 2.2 4.1 7.3 5.7 6.9 7.68% 3Y 6M 4D 5Y 2M 12D Invesco India Corporate Bond Fund Growth ₹2,935.34
↑ 1.38 ₹3,529 2.2 4 7.1 5.2 6.7 7.62% 3Y 5M 23D 4Y 9M 14D BNP Paribas Corporate Bond Fund Growth ₹25.2718
↑ 0.01 ₹150 2.2 4.2 7 4.7 7 7.52% 3Y 9M 25D 5Y 4M 10D IDFC Corporate Bond Fund Growth ₹17.7798
↑ 0.01 ₹13,600 2.2 3.6 7 5 6.8 7.6% 3Y 1M 13D 3Y 11M 26D Sundaram Corporate Bond Fund Growth ₹37.0845
↑ 0.01 ₹707 2.1 3.8 7 5.2 6.3 7.56% 3Y 5M 19D 4Y 8M 8D L&T Triple Ace Bond Fund Growth ₹67.4985
↑ 0.03 ₹5,957 2.2 4 6.9 5.2 6.4 7.48% 3Y 6M 14D 4Y 5M 16D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jul 24 100 Crore , manging fund for more than 3 Year & sorted on last 1 year return
1. Aditya Birla Sun Life Corporate Bond Fund
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% . Aditya Birla Sun Life Corporate Bond Fund
Growth Launch Date 3 Mar 97 NAV (24 Jul 24) ₹104.259 ↑ 0.03 (0.03 %) Net Assets (Cr) ₹20,301 on 30 Jun 24 Category Debt - Corporate Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.47 Sharpe Ratio 0.61 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.81% Effective Maturity 5 Years 9 Months 14 Days Modified Duration 3 Years 11 Months 1 Day Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,211 30 Jun 21 ₹11,904 30 Jun 22 ₹12,249 30 Jun 23 ₹13,142 30 Jun 24 ₹14,141 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 Jul 24 Duration Returns 1 Month 0.7% 3 Month 2.3% 6 Month 4.3% 1 Year 7.7% 3 Year 5.9% 5 Year 7.1% 10 Year 15 Year Since launch 8.9% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Kaustubh Gupta 12 Apr 21 3.22 Yr. Dhaval Joshi 21 Nov 22 1.61 Yr. Data below for Aditya Birla Sun Life Corporate Bond Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Debt 102.83% Other 0.26% Debt Sector Allocation
Sector Value Corporate 60.17% Government 42.05% Securitized 0.6% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -11% ₹2,273 Cr 225,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -6% ₹1,294 Cr 127,824,100
↓ -2,500,000 Small Industries Development Bank Of India
Debentures | -3% ₹694 Cr 69,550 7.26% Govt Stock 2033
Sovereign Bonds | -3% ₹680 Cr 67,089,300
↓ -2,500,000 8% Govt Stock 2034
Sovereign Bonds | -3% ₹644 Cr 64,137,700 Small Industries Development Bank Of India
Debentures | -3% ₹598 Cr 6,000 7.32% Govt Stock 2030
Sovereign Bonds | -3% ₹569 Cr 56,000,000 Bajaj Housing Finance Ltd. 7.8%
Debentures | -3% ₹546 Cr 55,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹486 Cr 48,500 Bajaj Finance Limited
Debentures | -2% ₹448 Cr 45,000 2. ICICI Prudential Corporate Bond Fund
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% . ICICI Prudential Corporate Bond Fund
Growth Launch Date 11 Aug 09 NAV (24 Jul 24) ₹27.598 ↑ 0.01 (0.03 %) Net Assets (Cr) ₹26,944 on 15 Jul 24 Category Debt - Corporate Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.57 Sharpe Ratio 1.02 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.86% Effective Maturity 4 Years 22 Days Modified Duration 2 Years 4 Months 20 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,150 30 Jun 21 ₹11,797 30 Jun 22 ₹12,156 30 Jun 23 ₹13,094 30 Jun 24 ₹14,081 Returns for ICICI Prudential Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.7% 3 Month 2.1% 6 Month 4% 1 Year 7.6% 3 Year 6.2% 5 Year 7% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Manish Banthia 22 Jan 24 0.44 Yr. Ritesh Lunawat 22 Jan 24 0.44 Yr. Data below for ICICI Prudential Corporate Bond Fund as on 15 Jul 24
Asset Allocation
Asset Class Value Cash 7.36% Debt 92.38% Other 0.25% Debt Sector Allocation
Sector Value Corporate 62.27% Government 31.66% Cash Equivalent 5.8% Securitized 0.02% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.34% Govt Stock 2033
Sovereign Bonds | -8% ₹2,210 Cr 215,793,930 7.18% Govt Stock 2033
Sovereign Bonds | -6% ₹1,690 Cr 167,229,410
↓ -25,125,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹863 Cr 86,500 Pipeline Infrastructure Ltd.
Debentures | -3% ₹813 Cr 80,500 7.1% Govt Stock 2034
Sovereign Bonds | -3% ₹771 Cr 76,457,530
↑ 25,125,000 HDFC Bank Limited
Debentures | -3% ₹698 Cr 7,000 HDFC Bank Limited
Debentures | -3% ₹674 Cr 67,500
↑ 2,500 Small Industries Development Bank Of India
Debentures | -2% ₹632 Cr 6,350 Small Industries Development Bank Of India
Debentures | -2% ₹625 Cr 6,250 Bharat Petroleum Corporation Limited
Debentures | -2% ₹596 Cr 59,500 3. HDFC Corporate Bond Fund
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% . HDFC Corporate Bond Fund
Growth Launch Date 29 Jun 10 NAV (24 Jul 24) ₹30.0548 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹29,024 on 30 Jun 24 Category Debt - Corporate Bond AMC HDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.59 Sharpe Ratio 0.67 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load NIL Yield to Maturity 7.69% Effective Maturity 5 Years 6 Months 22 Days Modified Duration 3 Years 6 Months 7 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,233 30 Jun 21 ₹11,878 30 Jun 22 ₹12,149 30 Jun 23 ₹13,047 30 Jun 24 ₹14,031 Returns for HDFC Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.7% 3 Month 2.2% 6 Month 4.3% 1 Year 7.6% 3 Year 5.7% 5 Year 6.8% 10 Year 15 Year Since launch 8.1% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Anupam Joshi 27 Oct 15 8.68 Yr. Dhruv Muchhal 22 Jun 23 1.02 Yr. Data below for HDFC Corporate Bond Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 2.99% Debt 96.77% Other 0.24% Debt Sector Allocation
Sector Value Corporate 55.43% Government 41.28% Cash Equivalent 2.99% Securitized 0.06% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.34% Govt Stock 2033
Sovereign Bonds | -4% ₹1,305 Cr 127,500,000 7.23% Govt Stock 2039
Sovereign Bonds | -4% ₹1,172 Cr 115,000,000
↑ 25,000,000 7.1% Govt Stock 2034
Sovereign Bonds | -3% ₹756 Cr 75,000,000
↓ -15,000,000 8% Govt Stock 2034
Sovereign Bonds | -3% ₹753 Cr 75,000,000 7.18% Govt Stock 2033
Sovereign Bonds | -2% ₹652 Cr 64,500,000
↓ -20,500,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹599 Cr 60,000 Mangalore Refinery And Petrochemicals Limited
Debentures | -2% ₹555 Cr 5,670 Reliance Industries Limited
Debentures | -2% ₹524 Cr 5,000 HDFC Bank Limited
Debentures | -2% ₹504 Cr 50,000 Bajaj Housing Finance Limited
Debentures | -2% ₹502 Cr 50,000 4. Nippon India Prime Debt Fund
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% . Nippon India Prime Debt Fund
Growth Launch Date 14 Sep 00 NAV (24 Jul 24) ₹55.2447 ↑ 0.02 (0.04 %) Net Assets (Cr) ₹3,215 on 30 Jun 24 Category Debt - Corporate Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.64 Sharpe Ratio 0.19 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.65% Effective Maturity 4 Years 11 Months 12 Days Modified Duration 3 Years 9 Months 18 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,912 30 Jun 21 ₹11,668 30 Jun 22 ₹12,072 30 Jun 23 ₹12,974 30 Jun 24 ₹13,908 Returns for Nippon India Prime Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.7% 3 Month 2.1% 6 Month 4.1% 1 Year 7.3% 3 Year 6% 5 Year 6.7% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Vivek Sharma 1 Feb 20 4.42 Yr. Kinjal Desai 25 May 18 6.11 Yr. Data below for Nippon India Prime Debt Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 3.23% Debt 96.51% Other 0.26% Debt Sector Allocation
Sector Value Corporate 59.11% Government 37.4% Cash Equivalent 3.23% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.32% Govt Stock 2030
Sovereign Bonds | -9% ₹290 Cr 28,500,000 7.1% Govt Stock 2034
Sovereign Bonds | -5% ₹176 Cr 17,500,000
↑ 5,000,000 National Bank For Agriculture And Rural Development
Debentures | -4% ₹125 Cr 12,500 7.18% Govt Stock 2033
Sovereign Bonds | -3% ₹101 Cr 10,000,000
↓ -10,000,000 Bajaj Housing Finance Limited
Debentures | -3% ₹100 Cr 10,000
↑ 10,000 Indian Railway Finance Corporation Limited
Debentures | -3% ₹98 Cr 950 Summit Digitel Infrastructure Limited
Debentures | -3% ₹98 Cr 1,000 SBI General Insurance Company Limited
Debentures | -3% ₹86 Cr 8,500 Power Finance Corporation Ltd.
Debentures | -2% ₹78 Cr 780 7.18% Govt Stock 2037
Sovereign Bonds | -2% ₹76 Cr 7,500,000 5. Kotak Corporate Bond Fund Standard
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% . Kotak Corporate Bond Fund Standard
Growth Launch Date 21 Sep 07 NAV (24 Jul 24) ₹3,481.32 ↑ 1.06 (0.03 %) Net Assets (Cr) ₹12,876 on 30 Jun 24 Category Debt - Corporate Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.4 Sharpe Ratio 0.23 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.68% Effective Maturity 5 Years 2 Months 12 Days Modified Duration 3 Years 6 Months 4 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,053 30 Jun 21 ₹11,664 30 Jun 22 ₹12,004 30 Jun 23 ₹12,807 30 Jun 24 ₹13,729 Returns for Kotak Corporate Bond Fund Standard
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.7% 3 Month 2.2% 6 Month 4.1% 1 Year 7.3% 3 Year 5.7% 5 Year 6.5% 10 Year 15 Year Since launch 7.7% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Deepak Agrawal 1 Feb 15 9.42 Yr. Manu Sharma 1 Nov 22 1.67 Yr. Palha Khanna 3 Jul 23 1 Yr. Data below for Kotak Corporate Bond Fund Standard as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 3.09% Debt 96.65% Other 0.25% Debt Sector Allocation
Sector Value Corporate 56.93% Government 39.72% Cash Equivalent 3.09% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -17% ₹2,141 Cr 211,885,090 National Bank For Agriculture And Rural Development
Debentures | -6% ₹812 Cr 81,000 7.1% Govt Stock 2034
Sovereign Bonds | -4% ₹564 Cr 55,932,700
↑ 15,000,000 8.34% Govt Stock 2033
Sovereign Bonds | -4% ₹524 Cr 51,199,326
↓ -1,000,000 Jamnagar Utilities & Power Private Limited
Debentures | -4% ₹456 Cr 4,700
↑ 500 LIC Housing Finance Limited
Debentures | -4% ₹455 Cr 4,550 Bajaj Finance Limited
Debentures | -3% ₹408 Cr 41,000
↑ 7,500 HDFC Bank Limited
Debentures | -3% ₹370 Cr 37,000 Mahindra & Mahindra Financial Services Ltd
Debentures | -2% ₹301 Cr 30,000 Small Industries Development Bank Of India
Debentures | -2% ₹274 Cr 27,500 6. Invesco India Corporate Bond Fund
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% . Invesco India Corporate Bond Fund
Growth Launch Date 2 Aug 07 NAV (24 Jul 24) ₹2,935.34 ↑ 1.38 (0.05 %) Net Assets (Cr) ₹3,529 on 30 Jun 24 Category Debt - Corporate Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆ Risk Moderate Expense Ratio 0.66 Sharpe Ratio -0.08 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.62% Effective Maturity 4 Years 9 Months 14 Days Modified Duration 3 Years 5 Months 23 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,199 30 Jun 21 ₹11,771 30 Jun 22 ₹12,027 30 Jun 23 ₹12,793 30 Jun 24 ₹13,688 Returns for Invesco India Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.7% 3 Month 2.2% 6 Month 4% 1 Year 7.1% 3 Year 5.2% 5 Year 6.3% 10 Year 15 Year Since launch 6.5% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Krishna Cheemalapati 16 Dec 20 3.54 Yr. Vikas Garg 26 Sep 20 3.76 Yr. Data below for Invesco India Corporate Bond Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 3.35% Debt 96.4% Other 0.25% Debt Sector Allocation
Sector Value Corporate 56.3% Government 40.1% Cash Equivalent 3.35% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -7% ₹255 Cr 25,286,700
↑ 1,500,000 7.18% Govt Stock 2037
Sovereign Bonds | -4% ₹152 Cr 15,050,000 7.32% Govt Stock 2030
Sovereign Bonds | -4% ₹127 Cr 12,500,000 Sikka Ports & Terminals Limited
Debentures | -3% ₹108 Cr 11,000,000 7.26% Govt Stock 2033
Sovereign Bonds | -3% ₹96 Cr 9,500,000 7.17% Govt Stock 2030
Sovereign Bonds | -3% ₹96 Cr 9,500,000 Larsen And Toubro Limited
Debentures | -2% ₹77 Cr 7,500,000 7.23% Govt Stock 2039
Sovereign Bonds | -2% ₹74 Cr 7,281,000
↑ 1,281,000 Summit Digitel Infrastructure Limited 8.06%
Debentures | -2% ₹73 Cr 7,200,000 Small Industries Development Bank Of India
Debentures | -2% ₹70 Cr 7,000,000 7. BNP Paribas Corporate Bond Fund
CAGR/Annualized return of 6.1% since its launch. Ranked 24 in Corporate Bond category. Return for 2023 was 7% , 2022 was 1.6% and 2021 was 2.2% . BNP Paribas Corporate Bond Fund
Growth Launch Date 8 Nov 08 NAV (24 Jul 24) ₹25.2718 ↑ 0.01 (0.03 %) Net Assets (Cr) ₹150 on 30 Jun 24 Category Debt - Corporate Bond AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 0.87 Sharpe Ratio -0.28 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 4 Months 10 Days Modified Duration 3 Years 9 Months 25 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,103 30 Jun 21 ₹11,618 30 Jun 22 ₹11,649 30 Jun 23 ₹12,466 30 Jun 24 ₹13,312 Returns for BNP Paribas Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.7% 3 Month 2.2% 6 Month 4.2% 1 Year 7% 3 Year 4.7% 5 Year 5.8% 10 Year 15 Year Since launch 6.1% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Prashant Pimple 10 Jul 24 0 Yr. Vikram Pamnani 10 Jul 24 0 Yr. Jay Sheth 1 Sep 23 0.83 Yr. Data below for BNP Paribas Corporate Bond Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 4.95% Debt 94.81% Other 0.24% Debt Sector Allocation
Sector Value Corporate 49.45% Government 45.36% Cash Equivalent 4.95% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.1% Govt Stock 2029
Sovereign Bonds | -10% ₹15 Cr 1,500,000 Indian Railway Finance Corporation Limited
Debentures | -7% ₹11 Cr 110 Export Import Bank Of India
Debentures | -7% ₹10 Cr 100 Power Finance Corporation Ltd.
Debentures | -7% ₹10 Cr 1,000 Hindustan Petroleum Corporation Limited
Debentures | -7% ₹10 Cr 100 Sundaram Bnp Paribas Home Finance Limited
Debentures | -7% ₹10 Cr 1,000 Tata Capital Limited
Debentures | -7% ₹10 Cr 1,000 HDFC Bank Limited
Debentures | -7% ₹10 Cr 100 GAil (India) Limited
Debentures | -7% ₹10 Cr 100 Power Grid Corporation Of India Limited
Debentures | -6% ₹9 Cr 100,000
↑ 99,000 8. IDFC Corporate Bond Fund
CAGR/Annualized return of 7% since its launch. Return for 2023 was 6.8% , 2022 was 2.6% and 2021 was 3.7% . IDFC Corporate Bond Fund
Growth Launch Date 12 Jan 16 NAV (24 Jul 24) ₹17.7798 ↑ 0.01 (0.04 %) Net Assets (Cr) ₹13,600 on 30 Jun 24 Category Debt - Corporate Bond AMC IDFC Asset Management Company Limited Rating Risk Moderate Expense Ratio 0.6 Sharpe Ratio -0.53 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.6% Effective Maturity 3 Years 11 Months 26 Days Modified Duration 3 Years 1 Month 13 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,144 30 Jun 21 ₹11,753 30 Jun 22 ₹12,015 30 Jun 23 ₹12,769 30 Jun 24 ₹13,632 Returns for IDFC Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.7% 3 Month 2.2% 6 Month 3.6% 1 Year 7% 3 Year 5% 5 Year 6.4% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Suyash Choudhary 28 Jul 21 2.93 Yr. Gautam Kaul 1 Dec 21 2.58 Yr. Sreejith Balasubramanian 31 Aug 23 0.84 Yr. Data below for IDFC Corporate Bond Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 3.45% Debt 96.26% Other 0.29% Debt Sector Allocation
Sector Value Corporate 49.82% Government 46.48% Cash Equivalent 3.41% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.54% Govt Stock 2032
Sovereign Bonds | -11% ₹1,483 Cr 152,500,000
↓ -21,500,000 Export-Import Bank of India 7.4%
Domestic Bonds | -8% ₹1,076 Cr 107,350,000 7.26% Govt Stock 2033
Sovereign Bonds | -7% ₹1,014 Cr 100,000,000
↑ 1,000,000 Bajaj Housing Finance Ltd. 7.78%
Debentures | -7% ₹897 Cr 90,000,000 National Housing Bank
Debentures | -6% ₹867 Cr 86,500,000 7.18% Govt Stock 2033
Sovereign Bonds | -5% ₹682 Cr 67,500,000
↑ 20,000,000 National Bank For Agriculture And Rural Development
Debentures | -4% ₹549 Cr 55,000,000
↑ 17,500,000 Small Industries Development Bank Of India
Debentures | -3% ₹348 Cr 35,000,000 Small Industries Development Bank of India 7.68%
Debentures | -2% ₹310 Cr 31,000,000 HDFC Bank Limited
Debentures | -2% ₹290 Cr 30,000,000
↓ -7,500,000 9. Sundaram Corporate Bond Fund
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% . Sundaram Corporate Bond Fund
Growth Launch Date 30 Dec 04 NAV (24 Jul 24) ₹37.0845 ↑ 0.01 (0.03 %) Net Assets (Cr) ₹707 on 30 Jun 24 Category Debt - Corporate Bond AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.51 Sharpe Ratio -0.38 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 250 Exit Load NIL Yield to Maturity 7.56% Effective Maturity 4 Years 8 Months 8 Days Modified Duration 3 Years 5 Months 19 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,312 30 Jun 21 ₹11,912 30 Jun 22 ₹12,261 30 Jun 23 ₹12,984 30 Jun 24 ₹13,865 Returns for Sundaram Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.7% 3 Month 2.1% 6 Month 3.8% 1 Year 7% 3 Year 5.2% 5 Year 6.6% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Dwijendra Srivastava 31 Jul 10 13.93 Yr. Sandeep Agarwal 1 Jun 12 12.09 Yr. Data below for Sundaram Corporate Bond Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 3.09% Debt 96.54% Other 0.38% Debt Sector Allocation
Sector Value Corporate 53.6% Government 42.93% Cash Equivalent 3.09% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -16% ₹116 Cr 11,500,000 Indian Railway Finance Corporation Limited
Debentures | -9% ₹65 Cr 6,500 Small Industries Development Bank Of India
Debentures | -8% ₹60 Cr 6,000 National Housing Bank
Debentures | -6% ₹40 Cr 4,000 7.32% Govt Stock 2030
Sovereign Bonds | -4% ₹30 Cr 3,000,000 LIC Housing Finance Limited
Debentures | -4% ₹30 Cr 300 7.06% Govt Stock 2028
Sovereign Bonds | -4% ₹25 Cr 2,500,000 National Bank For Agriculture And Rural Development
Debentures | -4% ₹25 Cr 2,500 National Bank for Agriculture and Rural Development 7.62%
Domestic Bonds | -4% ₹25 Cr 2,500 HDFC Bank Limited
Debentures | -4% ₹25 Cr 2,500 10. L&T Triple Ace Bond Fund
CAGR/Annualized return of 7.3% since its launch. Ranked 39 in Corporate Bond category. Return for 2023 was 6.4% , 2022 was 2.2% and 2021 was 3.8% . L&T Triple Ace Bond Fund
Growth Launch Date 9 Jun 97 NAV (24 Jul 24) ₹67.4985 ↑ 0.03 (0.04 %) Net Assets (Cr) ₹5,957 on 30 Jun 24 Category Debt - Corporate Bond AMC L&T Investment Management Ltd Rating ☆ Risk Moderate Expense Ratio 0.63 Sharpe Ratio -0.53 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.48% Effective Maturity 4 Years 5 Months 16 Days Modified Duration 3 Years 6 Months 14 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹11,449 30 Jun 21 ₹11,965 30 Jun 22 ₹12,130 30 Jun 23 ₹13,054 30 Jun 24 ₹13,912 Returns for L&T Triple Ace Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.8% 3 Month 2.2% 6 Month 4% 1 Year 6.9% 3 Year 5.2% 5 Year 6.4% 10 Year 15 Year Since launch 7.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.4% 2022 2.2% 2021 3.8% 2020 12.4% 2019 12.6% 2018 6% 2017 1.6% 2016 12.4% 2015 4.5% 2014 12.6% Fund Manager information for L&T Triple Ace Bond Fund
Name Since Tenure Kapil Punjabi 1 May 24 0.17 Yr. Shriram Ramanathan 30 Jun 14 10.01 Yr. Data below for L&T Triple Ace Bond Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 0.55% Debt 99.13% Other 0.31% Debt Sector Allocation
Sector Value Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.38% Govt Stock 2027
Sovereign Bonds | -8% ₹483 Cr 47,500,000 Ntpc Limited
Debentures | -6% ₹364 Cr 3,400 National Highways Authority Of India
Debentures | -5% ₹327 Cr 3,050 Indian Oil Corporation Limited
Debentures | -5% ₹324 Cr 3,069 Power Grid Corporation Of India Limited
Debentures | -5% ₹289 Cr 2,700 HDFC Bank Limited
Debentures | -4% ₹262 Cr 2,450 ICICI Bank Limited
Debentures | -4% ₹251 Cr 2,500 7.06% Govt Stock 2028
Sovereign Bonds | -4% ₹230 Cr 22,500,000 National Highways Authority Of India
Debentures | -4% ₹210 Cr 1,950 National Bank For Agriculture And Rural Development
Debentures | -3% ₹186 Cr 1,800
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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