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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
- ICICI Prudential Corporate Bond Fund
- HDFC Corporate Bond Fund
- Aditya Birla Sun Life Corporate Bond Fund
- Nippon India Prime Debt Fund
- Kotak Corporate Bond Fund Standard
- BNP Paribas Corporate Bond Fund
- Invesco India Corporate Bond Fund
- IDFC Corporate Bond Fund
- Franklin India Corporate Debt Fund
- PGIM India Premier 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 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 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 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 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 (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 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 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 To provide regular income by investing in debt securities including bonds and money market instruments. PGIM India Premier Bond Fund is a Debt - Corporate Bond fund was launched on 30 Jan 03. It is a fund with Moderately Low risk and has given a Below is the key information for PGIM India Premier 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 ICICI Prudential Corporate Bond Fund Growth ₹26.9813
↓ -0.02 ₹26,230 1.8 3.6 7.5 5.9 7.6 7.92% 2Y 3M 14D 4Y 2M 23D HDFC Corporate Bond Fund Growth ₹29.3617
↓ -0.03 ₹28,499 2 3.8 7.4 5.5 7.2 7.73% 3Y 8D 5Y 2M Aditya Birla Sun Life Corporate Bond Fund Growth ₹101.676
↓ -0.13 ₹21,135 1.8 3.9 7.2 5.6 7.3 7.68% 3Y 7M 2D 5Y 6M 14D Nippon India Prime Debt Fund Growth ₹53.9524
↓ -0.05 ₹2,818 1.8 3.8 7 5.8 7.1 7.74% 3Y 1M 20D 4Y 1M 13D Kotak Corporate Bond Fund Standard Growth ₹3,401.12
↓ -2.51 ₹11,584 1.8 3.8 7 5.4 6.9 7.77% 3Y 4M 10D 5Y 6M 18D BNP Paribas Corporate Bond Fund Growth ₹24.6823
↓ -0.03 ₹147 1.9 3.9 6.8 4.4 7 7.52% 3Y 11M 12D 5Y 6M 11D Invesco India Corporate Bond Fund Growth ₹2,868.04
↓ -2.74 ₹3,193 1.7 3.7 6.6 4.9 6.7 7.61% 3Y 11D 4Y 1M 2D IDFC Corporate Bond Fund Growth ₹17.3668
↓ -0.02 ₹13,764 1.3 3 6.4 4.8 6.8 7.51% 3Y 1M 6D 3Y 11M 16D Franklin India Corporate Debt Fund Growth ₹89.3116
↓ -0.04 ₹748 1.6 3.3 6.3 4.9 6.5 7.76% 1Y 11M 1D 2Y 3M 13D PGIM India Premier Bond Fund Growth ₹39.1594
↓ -0.03 ₹101 1.7 3.4 6.3 5 6.4 7.54% 2Y 9M 11D 3Y 8M 8D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Apr 24 100 Crore , manging fund for more than 3 Year & sorted on last 1 year return
1. ICICI Prudential Corporate Bond Fund
CAGR/Annualized return of 7% since its launch. Ranked 7 in Corporate Bond category. Return for 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 (19 Apr 24) ₹26.9813 ↓ -0.02 (-0.08 %) Net Assets (Cr) ₹26,230 on 31 Mar 24 Category Debt - Corporate Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.57 Sharpe Ratio 1.7 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.92% Effective Maturity 4 Years 2 Months 23 Days Modified Duration 2 Years 3 Months 14 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,908 31 Mar 21 ₹11,883 31 Mar 22 ₹12,390 31 Mar 23 ₹13,080 31 Mar 24 ₹14,114 Returns for ICICI Prudential Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Apr 24 Duration Returns 1 Month 0.5% 3 Month 1.8% 6 Month 3.6% 1 Year 7.5% 3 Year 5.9% 5 Year 7.1% 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 0.19 Yr. Ritesh Lunawat 22 Jan 24 0.19 Yr. Data below for ICICI Prudential Corporate Bond Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 3.5% Debt 96.28% Other 0.23% Debt Sector Allocation
Sector Value Corporate 59.29% Government 36.94% Cash Equivalent 3.5% Securitized 0.05% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -14% ₹3,716 Cr 368,652,050
↑ 20,000,000 8.25% Govt Stock 2033
Sovereign Bonds | -10% ₹2,501 Cr 246,071,700
↓ -10,000,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹856 Cr 86,000 Pipeline Infrastructure Ltd.
Debentures | -3% ₹813 Cr 80,500
↑ 80,500 HDFC Bank Limited
Debentures | -3% ₹696 Cr 7,000 HDFC Bank Limited
Debentures | -2% ₹647 Cr 65,000 Small Industries Development Bank Of India
Debentures | -2% ₹635 Cr 6,400 Small Industries Development Bank Of India
Debentures | -2% ₹624 Cr 6,250 Bharat Petroleum Corporation Limited
Debentures | -2% ₹595 Cr 59,500 LIC Housing Finance Ltd
Debentures | -2% ₹519 Cr 5,000 2. 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 (19 Apr 24) ₹29.3617 ↓ -0.03 (-0.09 %) Net Assets (Cr) ₹28,499 on 31 Mar 24 Category Debt - Corporate Bond AMC HDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.59 Sharpe Ratio 1.13 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load NIL Yield to Maturity 7.73% Effective Maturity 5 Years 2 Months Modified Duration 3 Years 8 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹11,011 31 Mar 21 ₹11,979 31 Mar 22 ₹12,558 31 Mar 23 ₹13,061 31 Mar 24 ₹14,096 Returns for HDFC Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Apr 24 Duration Returns 1 Month 0.4% 3 Month 2% 6 Month 3.8% 1 Year 7.4% 3 Year 5.5% 5 Year 7.1% 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 8.44 Yr. Dhruv Muchhal 22 Jun 23 0.78 Yr. Data below for HDFC Corporate Bond Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 3.37% Debt 96.39% Other 0.24% Debt Sector Allocation
Sector Value Corporate 48.42% Government 47.88% Cash Equivalent 3.37% Securitized 0.09% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.25% Govt Stock 2033
Sovereign Bonds | -5% ₹1,474 Cr 145,000,000
↓ -5,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -4% ₹1,055 Cr 105,000,000
↑ 57,500,000 8.1% Govt Stock 2034
Sovereign Bonds | -3% ₹973 Cr 97,500,000
↓ -12,000,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹796 Cr 80,000 Hdb Financial Services Limited
Debentures | -3% ₹725 Cr 72,500 7.69% Govt Stock 2028
Sovereign Bonds | -2% ₹673 Cr 67,500,000
↓ -17,500,000 Mangalore Refinery And Petrochemicals Limited
Debentures | -2% ₹554 Cr 5,670 Reliance Industries Limited
Debentures | -2% ₹525 Cr 5,000 HDFC Bank Limited
Debentures | -2% ₹503 Cr 50,000 LIC Housing Finance Limited
Debentures | -2% ₹497 Cr 5,000 3. 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 (19 Apr 24) ₹101.676 ↓ -0.13 (-0.12 %) Net Assets (Cr) ₹21,135 on 31 Mar 24 Category Debt - Corporate Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.47 Sharpe Ratio 1.14 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.68% Effective Maturity 5 Years 6 Months 14 Days Modified Duration 3 Years 7 Months 2 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,922 31 Mar 21 ₹11,990 31 Mar 22 ₹12,588 31 Mar 23 ₹13,174 31 Mar 24 ₹14,202 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 19 Apr 24 Duration Returns 1 Month 0.3% 3 Month 1.8% 6 Month 3.9% 1 Year 7.2% 3 Year 5.6% 5 Year 7.2% 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 2.97 Yr. Dhaval Joshi 21 Nov 22 1.36 Yr. Data below for Aditya Birla Sun Life Corporate Bond Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 4.21% Debt 95.55% Other 0.24% Debt Sector Allocation
Sector Value Corporate 48.53% Government 46.02% Cash Equivalent 4.21% Securitized 1.01% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -11% ₹2,318 Cr 230,000,000
↓ -40,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -8% ₹1,843 Cr 183,324,100
↑ 13,000,000 7.26% Govt Stock 2033
Sovereign Bonds | -5% ₹1,133 Cr 112,089,300
↓ -7,500,000 7.32% Govt Stock 2030
Sovereign Bonds | -3% ₹729 Cr 72,000,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹726 Cr 7,300 8.1% Govt Stock 2034
Sovereign Bonds | -3% ₹665 Cr 66,637,700 Small Industries Development Bank Of India
Debentures | -3% ₹544 Cr 54,550 HDFC Bank Limited
Debentures | -2% ₹403 Cr 40,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹397 Cr 4,000
↑ 150 National Bank For Agriculture And Rural Development
Debentures | -2% ₹393 Cr 39,500 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 (19 Apr 24) ₹53.9524 ↓ -0.05 (-0.10 %) Net Assets (Cr) ₹2,818 on 31 Mar 24 Category Debt - Corporate Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.64 Sharpe Ratio 0.92 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.74% Effective Maturity 4 Years 1 Month 13 Days Modified Duration 3 Years 1 Month 20 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,782 31 Mar 21 ₹11,601 31 Mar 22 ₹12,211 31 Mar 23 ₹12,797 31 Mar 24 ₹13,801 Returns for Nippon India Prime Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Apr 24 Duration Returns 1 Month 0.3% 3 Month 1.8% 6 Month 3.8% 1 Year 7% 3 Year 5.8% 5 Year 6.5% 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 4.17 Yr. Kinjal Desai 25 May 18 5.86 Yr. Data below for Nippon India Prime Debt Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 4.61% Debt 95.17% Other 0.22% Debt Sector Allocation
Sector Value Corporate 60.27% Government 34.89% Cash Equivalent 4.61% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -5% ₹151 Cr 15,000,000
↑ 7,500,000 7.18% Govt Stock 2037
Sovereign Bonds | -5% ₹151 Cr 15,000,000
↑ 5,000,000 National Bank For Agriculture And Rural Development
Debentures | -5% ₹125 Cr 12,500 SBI General Insurance Company Limited
Debentures | -4% ₹101 Cr 10,000 Tata Capital Limited
Debentures | -4% ₹100 Cr 10,000 LIC Housing Finance Ltd. 7.84%
Debentures | -4% ₹100 Cr 10,000
↑ 10,000 Indian Railway Finance Corporation Limited
Debentures | -4% ₹98 Cr 950 Summit Digitel Infrastructure Limited
Debentures | -4% ₹97 Cr 1,000 Tata Capital Housing Finance Limited
Debentures | -4% ₹97 Cr 1,000 7.32% Govt Stock 2030
Sovereign Bonds | -3% ₹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 (19 Apr 24) ₹3,401.12 ↓ -2.51 (-0.07 %) Net Assets (Cr) ₹11,584 on 31 Mar 24 Category Debt - Corporate Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.4 Sharpe Ratio 0.71 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.77% Effective Maturity 5 Years 6 Months 18 Days Modified Duration 3 Years 4 Months 10 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,895 31 Mar 21 ₹11,744 31 Mar 22 ₹12,283 31 Mar 23 ₹12,800 31 Mar 24 ₹13,765 Returns for Kotak Corporate Bond Fund Standard
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Apr 24 Duration Returns 1 Month 0.4% 3 Month 1.8% 6 Month 3.8% 1 Year 7% 3 Year 5.4% 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 9.17 Yr. Manu Sharma 1 Nov 22 1.42 Yr. Palha Khanna 3 Jul 23 0.75 Yr. Data below for Kotak Corporate Bond Fund Standard as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 2.75% Debt 97.01% Other 0.23% Debt Sector Allocation
Sector Value Corporate 60.63% Government 36.39% Cash Equivalent 2.75% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -13% ₹1,503 Cr 149,518,990
↑ 30,000,000 8.25% Govt Stock 2033
Sovereign Bonds | -5% ₹626 Cr 61,574,326
↓ -7,500,000 7.18% Govt Stock 2033
Sovereign Bonds | -5% ₹591 Cr 58,659,100
↓ -20,000,000 National Bank For Agriculture And Rural Development
Debentures | -4% ₹452 Cr 45,000 Jamnagar Utilities & Power Private Limited
Debentures | -4% ₹406 Cr 4,200 HDFC Bank Limited
Debentures | -3% ₹369 Cr 37,000 Bajaj Housing Finance Limited
Debentures | -3% ₹367 Cr 3,670 LIC Housing Finance Limited
Debentures | -3% ₹354 Cr 3,550
↑ 2,000 Power Finance Corporation Limited
Debentures | -3% ₹294 Cr 2,950
↓ -2,000 Small Industries Development Bank Of India
Debentures | -2% ₹274 Cr 27,500 6. BNP Paribas Corporate Bond Fund
CAGR/Annualized return of 6% since its launch. Ranked 24 in Corporate Bond category. Return for 2023 was 7% , 2022 was 1.6% and 2021 was 2.2% . BNP Paribas Corporate Bond Fund
Growth Launch Date 8 Nov 08 NAV (19 Apr 24) ₹24.6823 ↓ -0.03 (-0.13 %) Net Assets (Cr) ₹147 on 31 Mar 24 Category Debt - Corporate Bond AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 0.87 Sharpe Ratio 0.54 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-12 Months (1%),12-24 Months (0.5%),24-36 Months (0.25%),36 Months and above(NIL) Yield to Maturity 7.52% Effective Maturity 5 Years 6 Months 11 Days Modified Duration 3 Years 11 Months 12 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,010 31 Mar 21 ₹10,740 31 Mar 22 ₹11,089 31 Mar 23 ₹11,377 31 Mar 24 ₹12,255 Returns for BNP Paribas Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Apr 24 Duration Returns 1 Month 0.1% 3 Month 1.9% 6 Month 3.9% 1 Year 6.8% 3 Year 4.4% 5 Year 4.2% 10 Year 15 Year Since launch 6% 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 Mayank Prakash 23 Aug 17 6.61 Yr. Jay Sheth 1 Sep 23 0.58 Yr. Data below for BNP Paribas Corporate Bond Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 5.93% Debt 93.83% Other 0.24% Debt Sector Allocation
Sector Value Government 50.05% Corporate 43.78% Cash Equivalent 5.93% 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 | -8% ₹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 1,000 7. 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 (19 Apr 24) ₹2,868.04 ↓ -2.74 (-0.10 %) Net Assets (Cr) ₹3,193 on 31 Mar 24 Category Debt - Corporate Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆ Risk Moderate Expense Ratio 0.66 Sharpe Ratio 0.38 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.61% Effective Maturity 4 Years 1 Month 2 Days Modified Duration 3 Years 11 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,953 31 Mar 21 ₹11,849 31 Mar 22 ₹12,344 31 Mar 23 ₹12,774 31 Mar 24 ₹13,706 Returns for Invesco India Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Apr 24 Duration Returns 1 Month 0.3% 3 Month 1.7% 6 Month 3.7% 1 Year 6.6% 3 Year 4.9% 5 Year 6.5% 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 3.29 Yr. Vikas Garg 26 Sep 20 3.52 Yr. Data below for Invesco India Corporate Bond Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 8.53% Debt 91.27% Other 0.2% Debt Sector Allocation
Sector Value Corporate 53.8% Government 37.46% Cash Equivalent 8.53% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -6% ₹179 Cr 17,786,700
↑ 2,000,000 7.18% Govt Stock 2037
Sovereign Bonds | -4% ₹141 Cr 14,050,000
↑ 3,000,000 7.17% Govt Stock 2030
Sovereign Bonds | -3% ₹105 Cr 10,500,000 7.26% Govt Stock 2033
Sovereign Bonds | -3% ₹96 Cr 9,500,000 Sikka Ports & Terminals Limited
Debentures | -3% ₹83 Cr 8,500,000 Larsen And Toubro Limited
Debentures | -2% ₹76 Cr 7,500,000 Bajaj Housing Finance Limited
Debentures | -2% ₹75 Cr 7,500,000 Small Industries Development Bank Of India
Debentures | -2% ₹70 Cr 7,000,000 Jamnagar Utilities And Power Private Limited
Debentures | -2% ₹65 Cr 6,500,000
↓ -2,500,000 HDFC Bank Limited
Debentures | -2% ₹65 Cr 6,500,000 8. IDFC Corporate Bond Fund
CAGR/Annualized return of 6.9% 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 (19 Apr 24) ₹17.3668 ↓ -0.02 (-0.09 %) Net Assets (Cr) ₹13,764 on 31 Mar 24 Category Debt - Corporate Bond AMC IDFC Asset Management Company Limited Rating Risk Moderate Expense Ratio 0.6 Sharpe Ratio 0.01 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.51% Effective Maturity 3 Years 11 Months 16 Days Modified Duration 3 Years 1 Month 6 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,828 31 Mar 21 ₹11,804 31 Mar 22 ₹12,363 31 Mar 23 ₹12,757 31 Mar 24 ₹13,652 Returns for IDFC Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Apr 24 Duration Returns 1 Month 0.3% 3 Month 1.3% 6 Month 3% 1 Year 6.4% 3 Year 4.8% 5 Year 6.3% 10 Year 15 Year Since launch 6.9% 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 2.68 Yr. Gautam Kaul 1 Dec 21 2.33 Yr. Sreejith Balasubramanian 31 Aug 23 0.59 Yr. Data below for IDFC Corporate Bond Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 13.58% Debt 86.13% Other 0.29% Debt Sector Allocation
Sector Value Government 46.25% Corporate 39.88% Cash Equivalent 13.58% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.54% Govt Stock 2032
Sovereign Bonds | -14% ₹1,944 Cr 201,000,000
↑ 201,000,000 7.26% Govt Stock 2033
Sovereign Bonds | -10% ₹1,329 Cr 131,500,000
↑ 131,500,000 Export-Import Bank of India 7.4%
Domestic Bonds | -8% ₹1,149 Cr 114,850,000
↑ 114,850,000 National Housing Bank
Debentures | -6% ₹818 Cr 81,500,000
↑ 15,000,000 National Bank for Agriculture and Rural Development 7.68%
Domestic Bonds | -5% ₹627 Cr 62,500,000
↑ 62,500,000 Small Industries Development Bank Of India
Debentures | -4% ₹525 Cr 52,500,000 Rural Electrification Corporation Limited
Debentures | -4% ₹507 Cr 51,000,000 Bajaj Housing Finance Ltd. 7.78%
Debentures | -4% ₹498 Cr 50,000,000
↑ 50,000,000 HDFC Bank Limited
Debentures | -3% ₹360 Cr 37,500,000
↑ 37,500,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹342 Cr 34,200,000
↓ -20,000,000 9. Franklin India Corporate Debt Fund
CAGR/Annualized return of 8.5% since its launch. Ranked 22 in Corporate Bond category. Return for 2023 was 6.5% , 2022 was 3.2% and 2021 was 3.8% . Franklin India Corporate Debt Fund
Growth Launch Date 23 Jun 97 NAV (19 Apr 24) ₹89.3116 ↓ -0.04 (-0.05 %) Net Assets (Cr) ₹748 on 31 Mar 24 Category Debt - Corporate Bond AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆ Risk Moderate Expense Ratio 0.78 Sharpe Ratio -0.48 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load 0-1 Years (0.5%),1 Years and above(NIL) Yield to Maturity 7.76% Effective Maturity 2 Years 3 Months 13 Days Modified Duration 1 Year 11 Months 1 Day Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,809 31 Mar 21 ₹11,650 31 Mar 22 ₹12,125 31 Mar 23 ₹12,597 31 Mar 24 ₹13,449 Returns for Franklin India Corporate Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Apr 24 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3.3% 1 Year 6.3% 3 Year 4.9% 5 Year 6.2% 10 Year 15 Year Since launch 8.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.5% 2022 3.2% 2021 3.8% 2020 9% 2019 9.2% 2018 7.5% 2017 7.7% 2016 9% 2015 8.4% 2014 13% Fund Manager information for Franklin India Corporate Debt Fund
Name Since Tenure Rahul Goswami 6 Oct 23 0.49 Yr. Anuj Tagra 7 Mar 24 0.07 Yr. Chandni Gupta 7 Mar 24 0.07 Yr. Data below for Franklin India Corporate Debt Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 8.5% Debt 91.24% Other 0.26% Debt Sector Allocation
Sector Value Corporate 51.12% Government 40.12% Cash Equivalent 8.5% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Export Import Bank Of India
Debentures | -9% ₹65 Cr 650 Nuclear Power Corporation Of India Limited
Debentures | -7% ₹54 Cr 5,000 Small Industries Development Bank Of India
Debentures | -7% ₹51 Cr 500 HDFC Bank Limited
Debentures | -7% ₹50 Cr 500 National Housing Bank
Debentures | -7% ₹50 Cr 500 ICICI Home Finance Company Limited 8.1%
Debentures | -7% ₹50 Cr 5,000
↑ 5,000 National Bank For Agriculture And Rural Development
Debentures | -7% ₹49 Cr 500 7.37% Govt Stock 2028
Sovereign Bonds | -6% ₹47 Cr 4,500,000 Rural Electrification Corporation Limited
Debentures | -4% ₹27 Cr 250 Mahindra & Mahindra Financial Services Ltd
Debentures | -4% ₹26 Cr 2,500 10. PGIM India Premier Bond Fund
CAGR/Annualized return of 6.6% since its launch. Ranked 63 in Corporate Bond category. Return for 2023 was 6.4% , 2022 was 3.1% and 2021 was 4.1% . PGIM India Premier Bond Fund
Growth Launch Date 30 Jan 03 NAV (19 Apr 24) ₹39.1594 ↓ -0.03 (-0.07 %) Net Assets (Cr) ₹101 on 31 Mar 24 Category Debt - Corporate Bond AMC Pramerica Asset Managers Private Limited Rating ☆ Risk Moderately Low Expense Ratio 0.92 Sharpe Ratio -0.05 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.54% Effective Maturity 3 Years 8 Months 8 Days Modified Duration 2 Years 9 Months 11 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,901 31 Mar 21 ₹11,744 31 Mar 22 ₹12,288 31 Mar 23 ₹12,749 31 Mar 24 ₹13,637 Returns for PGIM India Premier Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Apr 24 Duration Returns 1 Month 0.4% 3 Month 1.7% 6 Month 3.4% 1 Year 6.3% 3 Year 5% 5 Year 6.4% 10 Year 15 Year Since launch 6.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.4% 2022 3.1% 2021 4.1% 2020 9.6% 2019 8.9% 2018 4.3% 2017 4.6% 2016 9% 2015 7.2% 2014 9.7% Fund Manager information for PGIM India Premier Bond Fund
Name Since Tenure Bhupesh Kalyani 13 Sep 22 1.55 Yr. Puneet Pal 13 Dec 17 6.3 Yr. Data below for PGIM India Premier Bond Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 4.59% Debt 95.08% Other 0.32% Debt Sector Allocation
Sector Value Corporate 52.58% Government 42.51% Cash Equivalent 4.59% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -8% ₹8 Cr 850,000 7.26% Govt Stock 2033
Sovereign Bonds | -7% ₹7 Cr 700,000 7.18% Govt Stock 2037
Sovereign Bonds | -7% ₹7 Cr 690,909
↑ 100,000 Sikka Ports & Terminals Limited
Debentures | -5% ₹5 Cr 500,000 Bajaj Housing Finance Limited
Debentures | -5% ₹5 Cr 500,000 HDFC Bank Limited
Debentures | -5% ₹5 Cr 500,000 Axis Finance Limited
Debentures | -5% ₹5 Cr 500,000
↑ 500,000 Aditya Birla Housing Finance Ltd. 8.2%
Debentures | -5% ₹5 Cr 500,000
↑ 500,000 Housing And Urban Development Corporation Ltd.
Debentures | -5% ₹5 Cr 500,000 Small Industries Development Bank Of India
Debentures | -4% ₹4 Cr 430,000
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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