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10 Best Performing Corporate Bond Mutual Funds 2023 | Fincash.com

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10 Corporate Bond Mutual Funds to Invest 2023 - 2024

Updated on March 22, 2023 , 93511 views

In recent years, a new route to Investing directly in companies has opened up through Corporate Bonds. Corporate bond funds are essentially a certificate of debt issued by major companies. These are issued as a way of raising money for businesses.

Corporate bond funds are a great option when it comes to good return and low-risk type investment. Investors can earn a regular Income which is usually higher than that you would get as interest on your Fixed Deposits (FDs).

Companies that have a threat of going bust also usually offer higher interest rates. Investors who are keen to invest in corporate bond funds can consider the schemes belows in the article.

Types of Corporate Bond Funds

There are broadly two types of funds –

  • Corporate bonds that invest in high-rated companies, i.e, - public sector unit (PSU) companies and banks
  • Corporate bonds investing in slightly lower rates companies such as 'AA-'

Who Should Invest in Corporate Bonds?

These funds are a good option for the investors who are looking for higher Fixed Income as well as a safe investment. Corporate bonds ensure Capital protection. If you are planning to invest in this fund, then it is advisable to put a majority of funds in high-quality debt instruments so that you earn optimal returns.

Features of Corporate Bond Funds

Price of the bond

Every bond has a price. One can buy the same bond at different prices, based on the time one chooses to buy.

Par value

par value is basically the loan principal. It is the amount the company, i.e., the bond issuer gives you when the bond matures. In India, a corporate bond’s Par value is usually INR 1000.

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Top Rated Corporate Bond Mutual Funds FY 23 - 24

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2022 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
ICICI Prudential Corporate Bond Fund Growth ₹24.8993
↓ -0.01
₹16,9981.53.25.56.84.57.98%1Y 1M 17D4Y 5M 16D
Nippon India Prime Debt Fund Growth ₹49.9613
↑ 0.01
₹1,7021.53.54.86.54.37.92%2Y 7M 24D3Y 4M 6D
Aditya Birla Sun Life Corporate Bond Fund Growth ₹94.1193
↑ 0.02
₹12,1211.53.44.67.24.18%1Y 8M 23D2Y 2M 1D
Sundaram Corporate Bond Fund Growth ₹33.9516
↑ 0.01
₹9961.63.14.36.83.77.49%2M 23D2M 30D
Kotak Corporate Bond Fund Standard Growth ₹3,153.72
↓ -0.11
₹8,8811.334.26.23.78.02%1Y 8M 23D3Y 5M 19D
HDFC Corporate Bond Fund Growth ₹27.1019
↑ 0.01
₹23,4871.43.13.96.73.37.6%2Y 7M 6D5Y 22D
Franklin India Corporate Debt Fund Growth ₹83.3757
↑ 0.04
₹7481.63.13.95.93.27.68%1Y 4M 24D1Y 8M 12D
Invesco India Corporate Bond Fund Growth ₹2,668.97
↑ 0.53
₹2,0661.43.13.46.22.97.83%1Y 11M 26D2Y 4M 10D
Canara Robeco Corporate Bond Fund Growth ₹18.579
↑ 0.00
₹1921.32.83.45.52.97.66%1Y 6M 16D1Y 10M 22D
IDFC Corporate Bond Fund Growth ₹16.2076
↑ 0.00
₹13,9351.533.26.92.67.73%11M 16D1Y 22D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Mar 23
*List of best mutual funds having Net Assets/ AUM more than 100 Crore , manging fund for more than 3 Year & sorted on last 1 year return

1. ICICI Prudential Corporate Bond Fund

(Erstwhile ICICI Prudential Ultra Short Term Plan)

ICICI Prudential Ultra Short Term Plan is an open-ended income fund that intends to generate regular income through investments in a basket of debt and money market instruments of very short maturities with a view to providing reasonable returns, while maintaining an optimum balance of safety, liquidity and yield. However, there can be no assurance that the investment objective of the scheme will be realized.

ICICI Prudential Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 11 Aug 09. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 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% .

Below is the key information for ICICI Prudential Corporate Bond Fund

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.

DateValue
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

ICICI Prudential Corporate Bond Fund SIP Returns

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

Returns for ICICI Prudential Corporate Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Mar 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Rahul Goswami16 Oct 175.3 Yr.
Anuj Tagra2 Mar 202.92 Yr.
Chandni Gupta3 Aug 166.5 Yr.

Data below for ICICI Prudential Corporate Bond Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash8.24%
Debt91.76%
Debt Sector Allocation
SectorValue
Corporate54.1%
Government37.5%
Cash Equivalent8.24%
Securitized0.16%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.42 9/22/2033 12:00:00 Am
Sovereign Bonds | -
16%₹2,694 Cr271,071,700
↑ 1,000,000
Reliance Industries Limited
Debentures | -
8%₹1,340 Cr13,250
7.01 10/4/2028 12:00:00 Am
Sovereign Bonds | -
5%₹791 Cr80,354,723
7.69 10/30/2034 12:00:00 Am
Sovereign Bonds | -
4%₹704 Cr72,217,650
Housing Development Finance Corporation Ltd
Debentures | -
4%₹697 Cr7,000
Small Industries Development Bank Of India
Debentures | -
4%₹634 Cr6,400
Small Industries Development Bank Of India
Debentures | -
4%₹601 Cr6,000
Hdb Financial Services Limited
Debentures | -
3%₹519 Cr5,180
Bajaj Finance Limited
Debentures | -
3%₹500 Cr5,000
National Bank For Agriculture And Rural Development
Debentures | -
2%₹398 Cr40,000

2. Nippon India Prime Debt Fund

(Erstwhile Reliance Medium Term Fund)

The primary investment objective of the Scheme is to generate regular income in order to make regular dividend payments to unit-holders and the secondary objective is growth of capital.

Nippon India Prime Debt Fund is a Debt - Corporate Bond fund was launched on 14 Sep 00. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.4% since its launch.  Ranked 20 in Corporate Bond category.  Return for 2022 was 4.3% , 2021 was 4.7% and 2020 was 9.5% .

Below is the key information for Nippon India Prime Debt Fund

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.

DateValue
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

Nippon India Prime Debt Fund SIP Returns

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

Returns for Nippon India Prime Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Mar 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Vivek Sharma1 Feb 203 Yr.
Kinjal Desai25 May 184.69 Yr.
Akshay Sharma1 Dec 220.17 Yr.

Data below for Nippon India Prime Debt Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash6.91%
Debt93.09%
Debt Sector Allocation
SectorValue
Corporate63.93%
Government29.16%
Cash Equivalent6.91%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Tata Capital Housing Finance Limited
Debentures | -
6%₹95 Cr1,000
7.38 6/20/2027 12:00:00 Am
Sovereign Bonds | -
5%₹90 Cr9,000,000
Summit Digitel Infrastructure Limited
Debentures | -
5%₹82 Cr850
08.39 RJ UDAY 2025
Domestic Bonds | -
5%₹79 Cr7,728,000
Bajaj Finance Limited
Debentures | -
4%₹75 Cr750
LIC Housing Finance Limited
Debentures | -
4%₹75 Cr750
National Bank For Agriculture And Rural Development
Debentures | -
4%₹75 Cr750
State Bank Of India
Debentures | -
4%₹62 Cr650
Tata Capital Financial Services Limited
Debentures | -
3%₹50 Cr500
Power Finance Corporation Ltd.
Debentures | -
3%₹50 Cr500

3. Aditya Birla Sun Life Corporate Bond Fund

(Erstwhile Aditya Birla Sun Life Short Term Fund)

An Open-ended income scheme with the objective to generate income and capital appreciation by investing 100% of the corpus in a diversified portfolio of debt and money market securities.

Aditya Birla Sun Life Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 3 Mar 97. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 9% since its launch.  Ranked 1 in Corporate Bond category.  Return for 2022 was 4.1% , 2021 was 4% and 2020 was 11.9% .

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

Aditya Birla Sun Life Corporate Bond Fund
Growth
Launch Date 3 Mar 97
NAV (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.

DateValue
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

Aditya Birla Sun Life Corporate Bond Fund SIP Returns

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

Returns for Aditya Birla Sun Life Corporate Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Mar 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Kaustubh Gupta12 Apr 211.81 Yr.

Data below for Aditya Birla Sun Life Corporate Bond Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash9.08%
Debt90.92%
Debt Sector Allocation
SectorValue
Corporate57.3%
Government31.85%
Cash Equivalent8.99%
Securitized1.86%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.42 9/22/2033 12:00:00 Am
Sovereign Bonds | -
5%₹560 Cr56,308,500
↑ 14,500,000
Sikka Ports & Terminals Limited
Debentures | -
3%₹364 Cr3,650
Bajaj Housing Finance Limited
Debentures | -
3%₹346 Cr3,525
Sikka Ports & Terminals Limited
Debentures | -
3%₹325 Cr3,250
7.69 10/30/2034 12:00:00 Am
Sovereign Bonds | -
3%₹314 Cr32,137,700
HDFC Bank Limited
Debentures | -
2%₹278 Cr280
↓ -170
7.27 4/8/2026 12:00:00 Am
Sovereign Bonds | -
2%₹250 Cr25,000,000
Small Industries Development Bank Of India
Debentures | -
2%₹249 Cr2,500
Sikka Ports & Terminals Limited
Debentures | -
2%₹241 Cr2,500
Power Finance Corporation Ltd.
Debentures | -
2%₹224 Cr2,250

4. Sundaram Corporate Bond Fund

(Erstwhile Sundaram Flexible Fund-Flexible Income Plan)

To generate reasonable returns by creating a portfolio comprising substantially of fixed income instruments and money market instruments by keeping the interest rate risk of the fund low.

Sundaram Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 30 Dec 04. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 6.9% since its launch.  Ranked 15 in Corporate Bond category.  Return for 2022 was 3.7% , 2021 was 3.5% and 2020 was 11% .

Below is the key information for Sundaram Corporate Bond Fund

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.

DateValue
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

Sundaram Corporate Bond Fund SIP Returns

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

Returns for Sundaram Corporate Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Mar 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Dwijendra Srivastava31 Jul 1012.51 Yr.
Sandeep Agarwal1 Jun 1210.68 Yr.

Data below for Sundaram Corporate Bond Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash58.95%
Debt41.05%
Debt Sector Allocation
SectorValue
Cash Equivalent54.18%
Government23.8%
Corporate22.01%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
08.42 Tn SDL 2023
Sovereign Bonds | -
5%₹50 Cr5,000,000
National Bank For Agriculture And Rural Development
Debentures | -
5%₹50 Cr500
Housing And Urban Development Corporation Limited
Debentures | -
5%₹50 Cr500
Housing Development Finance Corporation Ltd
Debentures | -
4%₹40 Cr400
Reliance Industries Limited
Debentures | -
3%₹35 Cr350
LIC Housing Finance Limited
Debentures | -
3%₹35 Cr350
National Housing Bank
Debentures | -
3%₹30 Cr300
09.25 MH Sdl 2023
Sovereign Bonds | -
2%₹25 Cr2,500,000
Indian Railway Finance Corporation Limited
Debentures | -
2%₹25 Cr250
LIC Housing Finance Limited
Debentures | -
2%₹25 Cr250

5. Kotak Corporate Bond Fund Standard

The primary objective of the Scheme is to generate income through investment primarily in low duration debt & money market securities. However, there is no assurance that the objective of the scheme will be realized.

Kotak Corporate Bond Fund Standard is a Debt - Corporate Bond fund was launched on 21 Sep 07. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.7% since its launch.  Ranked 15 in Corporate Bond category.  Return for 2022 was 3.7% , 2021 was 3.8% and 2020 was 9.7% .

Below is the key information for Kotak Corporate Bond Fund Standard

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.

DateValue
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

Kotak Corporate Bond Fund Standard SIP Returns

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

Returns for Kotak Corporate Bond Fund Standard

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Mar 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Deepak Agrawal31 Jan 158.01 Yr.
Vihag Mishra30 Apr 220.76 Yr.
Manu Sharma1 Nov 220.25 Yr.

Data below for Kotak Corporate Bond Fund Standard as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash3.34%
Debt96.66%
Debt Sector Allocation
SectorValue
Corporate65.6%
Government31.06%
Cash Equivalent3.34%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.42 9/22/2033 12:00:00 Am
Sovereign Bonds | -
8%₹669 Cr67,332,660
7.38 6/20/2027 12:00:00 Am
Sovereign Bonds | -
6%₹539 Cr53,750,000
↑ 52,500,000
Power Finance Corporation Ltd.
Debentures | -
6%₹491 Cr4,950
L&T Metro Rail (Hyderabad) Limited
Debentures | -
5%₹412 Cr4,250
Power Finance Corporation Ltd.
Debentures | -
3%₹296 Cr3,000
Jamnagar Utilities & Power Private Limited
Debentures | -
3%₹295 Cr3,100
Bajaj Finance Limited
Debentures | -
3%₹275 Cr2,750
Housing Development Finance Corporation Ltd
Debentures | -
3%₹249 Cr2,500
Bajaj Finance Limited
Debentures | -
3%₹238 Cr2,450
Rural Electrification Corporation Limited
Debentures | -
3%₹233 Cr2,350

6. HDFC Corporate Bond Fund

(Erstwhile HDFC Medium Term Opportunities Fund)

To generate regular income through investments in Debt/ Money Market Instruments and Government Securities with maturities not exceeding 60 months.

HDFC Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 29 Jun 10. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 8.1% since its launch.  Ranked 2 in Corporate Bond category.  Return for 2022 was 3.3% , 2021 was 3.9% and 2020 was 11.8% .

Below is the key information for HDFC Corporate Bond Fund

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.

DateValue
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

HDFC Corporate Bond Fund SIP Returns

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

Returns for HDFC Corporate Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Mar 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Anupam Joshi27 Oct 157.27 Yr.
Priya Ranjan1 May 220.76 Yr.

Data below for HDFC Corporate Bond Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash4.75%
Debt95.25%
Debt Sector Allocation
SectorValue
Government51.25%
Corporate43.83%
Cash Equivalent4.75%
Securitized0.17%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.42 9/22/2033 12:00:00 Am
Sovereign Bonds | -
5%₹1,218 Cr122,500,000
7.69 10/30/2034 12:00:00 Am
Sovereign Bonds | -
4%₹951 Cr97,500,000
↑ 1,000,000
7.01 10/4/2028 12:00:00 Am
Sovereign Bonds | -
4%₹935 Cr95,000,000
6.97 9/6/2026 12:00:00 Am
Sovereign Bonds | -
4%₹842 Cr85,000,000
↓ -5,000,000
7.1 4/18/2029 12:00:00 Am
Sovereign Bonds | -
3%₹741 Cr75,000,000
↑ 28,000,000
Bajaj Finance Limited
Debentures | -
3%₹715 Cr7,300
State Bank Of India
Debentures | -
3%₹653 Cr6,500
Mangalore Refinery And Petrochemicals Limited
Debentures | -
2%₹546 Cr5,670
Reliance Industries Limited
Debentures | -
2%₹527 Cr5,000
State Bank Of India
Debentures | -
2%₹520 Cr5,500

7. Franklin India Corporate Debt Fund

(Erstwhile Franklin India Income Builder Account - Plan A)

The investment objective of the Scheme is primarily to provide investors Regular income under the Dividend Plan and Capital appreciation under the Growth Plan.

Franklin India Corporate Debt Fund is a Debt - Corporate Bond fund was launched on 23 Jun 97. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.6% since its launch.  Ranked 22 in Corporate Bond category.  Return for 2022 was 3.2% , 2021 was 3.8% and 2020 was 9% .

Below is the key information for Franklin India Corporate Debt Fund

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.

DateValue
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

Franklin India Corporate Debt Fund SIP Returns

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

Returns for Franklin India Corporate Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Mar 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Sachin Padwal-Desai4 Jun 211.66 Yr.
Santosh Kamath23 Jun 9725.63 Yr.
Umesh Sharma4 Jun 211.66 Yr.

Data below for Franklin India Corporate Debt Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash37.33%
Debt62.67%
Debt Sector Allocation
SectorValue
Cash Equivalent37.33%
Government34.36%
Corporate28.31%
Credit Quality
RatingValue
AA6.07%
AAA93.93%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.38 6/20/2027 12:00:00 Am
Sovereign Bonds | -
18%₹132 Cr13,000,000
Food Corporation Of India
Debentures | -
8%₹59 Cr550
Sikka Ports & Terminals Limited
Debentures | -
7%₹53 Cr500
Ntpc Limited
Debentures | -
7%₹53 Cr500
Housing Development Finance Corporation Ltd
Debentures | -
7%₹50 Cr500
National Bank For Agriculture And Rural Development
Debentures | -
7%₹49 Cr500
Rural Electrification Corporation Limited
Debentures | -
4%₹27 Cr250
Rec Limited
Debentures | -
4%₹26 Cr250
Larsen And Toubro Limited
Debentures | -
4%₹26 Cr250
Indian Railway Finance Corporation Limited
Debentures | -
3%₹26 Cr250

8. Invesco India Corporate Bond Fund

(Erstwhile Invesco India Active Income Fund)

To generate optimal returns while maintaining liquidity through active management of the portfolio by investing in debt and money market instruments. As the portfolio of the scheme will be actively managed, the Scheme may have a high turnover in order to achieve the investment objective.

Invesco India Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 2 Aug 07. It is a fund with Moderate risk and has given a CAGR/Annualized return of 6.5% since its launch.  Ranked 27 in Corporate Bond category.  Return for 2022 was 2.9% , 2021 was 3.4% and 2020 was 10.1% .

Below is the key information for Invesco India Corporate Bond Fund

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.

DateValue
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

Invesco India Corporate Bond Fund SIP Returns

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

Returns for Invesco India Corporate Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Mar 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Krishna Cheemalapati16 Dec 202.2 Yr.
Vikas Garg26 Sep 202.43 Yr.

Data below for Invesco India Corporate Bond Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash4.94%
Debt95.06%
Debt Sector Allocation
SectorValue
Corporate58.47%
Government36.59%
Cash Equivalent4.94%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
National Bank For Agriculture And Rural Development
Debentures | -
5%₹100 Cr10,000,000
5.74 11/15/2026 12:00:00 Am
Sovereign Bonds | -
4%₹90 Cr9,500,000
8.33 7/9/2026 12:00:00 Am
Sovereign Bonds | -
4%₹82 Cr8,000,000
↓ -500,000
Jamnagar Utilities & Power Private Limited
Debentures | -
4%₹77 Cr7,500,000
Sikka Ports & Terminals Limited
Debentures | -
3%₹63 Cr6,500,000
State Bank Of India
Debentures | -
3%₹60 Cr6,000,000
↑ 2,500,000
Pipeline Infrastructure Limited
Debentures | -
3%₹56 Cr5,500,000
7.38 6/20/2027 12:00:00 Am
Sovereign Bonds | -
2%₹51 Cr5,084,900
↑ 1,500,000
HDB Financial Services 8.04%
Debentures | -
2%₹50 Cr5,000,000
Small Industries Development Bank Of India
Debentures | -
2%₹50 Cr5,000,000

9. Canara Robeco Corporate Bond Fund

(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 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% .

Below is the key information for Canara Robeco Corporate Bond Fund

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.

DateValue
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

Canara Robeco Corporate Bond Fund SIP Returns

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

Returns for Canara Robeco Corporate Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Mar 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Suman Prasad18 Jul 220.54 Yr.
Avnish Jain7 Feb 148.99 Yr.

Data below for Canara Robeco Corporate Bond Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash18.75%
Debt81.25%
Debt Sector Allocation
SectorValue
Corporate53.92%
Government26.11%
Cash Equivalent18.75%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Limited
Debentures | -
8%₹15 Cr150
Small Industries Development Bank Of India
Debentures | -
8%₹15 Cr150
09.41 KL Sdl 2024
Sovereign Bonds | -
5%₹10 Cr1,000,000
7.38 6/20/2027 12:00:00 Am
Sovereign Bonds | -
5%₹10 Cr1,000,000
Ntpc Limited
Debentures | -
5%₹10 Cr100
National Bank For Agriculture And Rural Development
Debentures | -
5%₹10 Cr100
LIC Housing Finance Limited
Debentures | -
5%₹10 Cr100
National Housing Bank
Debentures | -
5%₹10 Cr100
Rec Limited
Debentures | -
5%₹10 Cr100
Bajaj Finance Limited
Debentures | -
5%₹10 Cr100

10. IDFC Corporate Bond Fund

The Fund seeks to provide steady income and capital appreciation by investing primarily in corporate debt securities across maturities and ratings. There is no assurance or guarantee that the objectives of the scheme will be realised.

IDFC Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 12 Jan 16. It is a fund with Moderate risk and has given a CAGR/Annualized return of 6.9% since its launch.  Return for 2022 was 2.6% , 2021 was 3.7% and 2020 was 11.6% .

Below is the key information for IDFC Corporate Bond Fund

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 Not Rated
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.

DateValue
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

IDFC Corporate Bond Fund SIP Returns

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

Returns for IDFC Corporate Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Mar 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Suyash Choudhary28 Jul 211.51 Yr.
Gautam Kaul1 Dec 211.17 Yr.

Data below for IDFC Corporate Bond Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash19.93%
Debt80.07%
Debt Sector Allocation
SectorValue
Corporate52.86%
Government33.65%
Cash Equivalent13.48%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Ultratech Cement Limited
Debentures | -
5%₹697 Cr71,500,000
National Bank For Agriculture And Rural Development
Debentures | -
5%₹669 Cr68,500,000
↑ 11,000,000
Power Finance Corporation Ltd.
Debentures | -
4%₹626 Cr62,900,000
↓ -5,000,000
National Housing Bank
Debentures | -
4%₹548 Cr56,000,000
Oil And Natural Gas Corporation Limited
Debentures | -
3%₹440 Cr45,000,000
Export Import Bank Of India
Debentures | -
3%₹429 Cr44,000,000
5.22 6/15/2025 12:00:00 Am
Sovereign Bonds | -
3%₹422 Cr44,000,000
↓ -22,500,000
National Bank For Agriculture And Rural Development
Debentures | -
3%₹411 Cr42,000,000
↑ 2,500,000
Indian Railway Finance Corporation Limited
Debentures | -
3%₹408 Cr40,500,000
↑ 7,500,000
Rural Electrification Corporation Limited
Debentures | -
3%₹385 Cr39,500,000
↓ -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.

How to Invest in Corporate Bond Funds Online?

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  2. Complete your Registration and KYC Process

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