Table of Contents
Long term debt funds are a type of Debt Mutual Funds that invest in corporate Bonds and government securities (g-secs) that have a long-term maturity period. The average maturity of these funds is in excess of 3 years, most of the times. That is why, these funds are suitable for investors who wish to make a mid to long term Investment plan i.e., typically for 3-5 years or even more. Let's understand how long term debt funds works and what are the best long term bonds funds to invest in 2024.
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Long term debt funds invest their major Underlying asset in debt instruments like corporate Debentures, bonds and money market instruments & government securities with a higher maturity period. Investors should invest in long term debt funds if they have an investment time frame of more than 3 years. Also, this fund is only suitable for investors who are willing to take some level of risk in the investment.
Long term debt funds are sensitive to changes in the interest rate and are more volatile than other categories of debt funds. Interest rates and prices of the debt instruments have an inverse relationship, which means that they move in opposite directions. For instance, a falling interest rate is good for debt funds or bond funds. Long term Income funds usually benefit when the interest rates are moving downwards. Moreover, during interest rate falls, the bond prices go up and this boost NAVs of the Debt fund schemes.
In a falling interest rate scenario, the average maturities of such bonds can go up to around 7-10 years. When the interest rates rise, they stock up lower tenured securities and keep the Portfolio’s average maturity low.
Mostly, it is advisable to invest in long term bond funds when the interest rates are expected to ease down because a decrease in the interest rates causes a rise in the prices of long-term securities. Investors who are comfortable with fluctuating interest rates in the Market, should only prefer Investing in long term debt funds.
These funds are meant to give returns in excess of Bank fixed deposits. Furthermore, if held for more than three years, the returns are more tax efficient. But, on the risk side, these funds can get volatile when the interest rates suddenly change direction. In a sustained rising interest rate regime, these funds give modest returns as they cannot sell long-dated bonds and switch to shorter tenured scripts.
Tax implication on debt funds is computed in the following manner-
If the holding period of a debt investment is less than 36 months, then it is classified as a short-term investment and these are taxed as per individual's tax slab.
If the holding period of debt investment is more than 36 months, then it is classified as a long-term investment and is taxed at 20% with an indexation benefit.
Capital Gains | Investment Holding Gains | Taxation |
---|---|---|
Short Term Capital Gains | Less than 36 months | As per individual's tax slab |
Long Term Capital Gains | More than 36 months | 20% with indexation benefits |
Investors can invest in two ways— SIP or Lump sum. For average investors, SIP (Systematic Investment Plan) is the most viable option. It gives you a systematic option of investing monthly/quarterly/annually Basis. In a lump sum, investors have to invest a considerable amount as a one-time down payment in the scheme. The minimum investment amount for a lump sum is INR 5000, whereas for a SIP it is INR 500.
Fund NAV Net Assets (Cr) Min Investment Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity ICICI Prudential Corporate Bond Fund Growth ₹27.0334
↓ 0.00 ₹26,230 5,000 100 1.9 3.8 7.5 5.9 7.6 7.92% 2Y 3M 14D 4Y 2M 23D ICICI Prudential Gilt Fund Growth ₹92.4114
↓ -0.07 ₹4,865 5,000 1,000 1.5 3.6 7.4 5.9 8.3 7.51% 4Y 11M 5D 9Y 6M 11D HDFC Corporate Bond Fund Growth ₹29.4234
↑ 0.00 ₹28,499 5,000 300 2.1 4 7.3 5.5 7.2 7.73% 3Y 8D 5Y 2M Aditya Birla Sun Life Corporate Bond Fund Growth ₹101.871
↓ -0.01 ₹21,135 1,000 100 1.9 4.1 7.2 5.7 7.3 7.68% 3Y 7M 2D 5Y 6M 14D Invesco India Gilt Fund Growth ₹2,557.81
↓ -1.51 ₹328 5,000 100 2.1 5.4 7 4.5 6.6 7.25% 10Y 2M 8D 22Y 4M 20D Nippon India Prime Debt Fund Growth ₹54.0752
↓ 0.00 ₹2,818 1,000 100 1.9 4 7 5.9 7.1 7.74% 3Y 1M 20D 4Y 1M 13D Axis Gilt Fund Growth ₹22.8872
↓ -0.01 ₹286 5,000 1,000 2.1 5.2 7 4.8 7.1 7.2% 7Y 6M 11D 13Y 7D Kotak Corporate Bond Fund Standard Growth ₹3,407.41
↑ 0.00 ₹11,584 5,000 1,000 1.9 3.9 6.9 5.4 6.9 7.77% 3Y 4M 10D 5Y 6M 18D DSP BlackRock Government Securities Fund Growth ₹86.0851
↓ -0.05 ₹755 1,000 500 2.1 5.3 6.9 5.3 7.1 7.27% 10Y 1M 24D 22Y 9M 4D BNP Paribas Corporate Bond Fund Growth ₹24.7278
↑ 0.00 ₹147 5,000 300 1.9 4 6.7 4.4 7 7.52% 3Y 11M 12D 5Y 6M 11D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Apr 24
(Erstwhile ICICI Prudential Ultra Short Term Plan) ICICI Prudential Ultra Short Term Plan is an open-ended income fund that intends to generate regular income through investments in a basket of debt and money market instruments of very short maturities with a view to providing reasonable returns, while maintaining an optimum balance of safety, liquidity and yield. However, there can be no assurance that the investment objective of the scheme will be realized. ICICI Prudential Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 11 Aug 09. It is a fund with Moderately Low risk and has given a Below is the key information for ICICI Prudential Corporate Bond Fund Returns up to 1 year are on (Erstwhile ICICI Prudential Long Term Gilt Fund) To generate income through investment in Gilts of various maturities. ICICI Prudential Gilt Fund is a Debt - Government Bond fund was launched on 19 Aug 99. It is a fund with Moderate risk and has given a Below is the key information for ICICI Prudential Gilt 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 The objective of the Scheme is to generate optimal returns by investing in a portfolio of securities issued and guaranteed by Central and State Government. Invesco India Gilt Fund is a Debt - Government Bond fund was launched on 9 Feb 08. It is a fund with Moderate risk and has given a Below is the key information for Invesco India Gilt Fund Returns up to 1 year are on (Erstwhile Reliance Medium Term Fund) The primary investment objective of the Scheme is to generate regular income in order to make regular dividend payments to unit-holders and the secondary objective is growth of capital. Nippon India Prime Debt Fund is a Debt - Corporate Bond fund was launched on 14 Sep 00. It is a fund with Moderately Low risk and has given a Below is the key information for Nippon India Prime Debt Fund Returns up to 1 year are on (Erstwhile Axis Constant Maturity 10 Year Fund) To generate returns similar to that of 10 year government bonds. Axis Gilt Fund is a Debt - Government Bond fund was launched on 23 Jan 12. It is a fund with Moderate risk and has given a Below is the key information for Axis Gilt 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 Scheme aims to generate returns through investments in Central Govt Securities. DSP BlackRock Government Securities Fund is a Debt - Government Bond fund was launched on 30 Sep 99. It is a fund with Moderate risk and has given a Below is the key information for DSP BlackRock Government Securities 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 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 (25 Apr 24) ₹27.0334 ↓ 0.00 (0.00 %) 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 25 Apr 24 Duration Returns 1 Month 0.6% 3 Month 1.9% 6 Month 3.8% 1 Year 7.5% 3 Year 5.9% 5 Year 7.2% 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. ICICI Prudential Gilt Fund
CAGR/Annualized
return of 9.4% since its launch. Ranked 5 in Government Bond
category. Return for 2023 was 8.3% , 2022 was 3.7% and 2021 was 3.8% . ICICI Prudential Gilt Fund
Growth Launch Date 19 Aug 99 NAV (25 Apr 24) ₹92.4114 ↓ -0.07 (-0.07 %) Net Assets (Cr) ₹4,865 on 31 Mar 24 Category Debt - Government Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.12 Sharpe Ratio 1.9 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 9 Years 6 Months 11 Days Modified Duration 4 Years 11 Months 5 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹11,227 31 Mar 21 ₹12,157 31 Mar 22 ₹12,647 31 Mar 23 ₹13,377 31 Mar 24 ₹14,542 Returns for ICICI Prudential Gilt Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 25 Apr 24 Duration Returns 1 Month 0.1% 3 Month 1.5% 6 Month 3.6% 1 Year 7.4% 3 Year 5.9% 5 Year 7.8% 10 Year 15 Year Since launch 9.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 8.3% 2022 3.7% 2021 3.8% 2020 12.6% 2019 10.8% 2018 6.8% 2017 2.1% 2016 18.2% 2015 5.5% 2014 18% Fund Manager information for ICICI Prudential Gilt Fund
Name Since Tenure Manish Banthia 22 Jan 24 0.19 Yr. Raunak Surana 22 Jan 24 0.19 Yr. Data below for ICICI Prudential Gilt Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 1.72% Debt 98.28% Debt Sector Allocation
Sector Value Government 98.28% Cash Equivalent 1.72% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -73% ₹3,603 Cr 357,474,590
↑ 35,000,000 8.25% Govt Stock 2033
Sovereign Bonds | -22% ₹1,108 Cr 108,971,700 7.18% Govt Stock 2037
Sovereign Bonds | -2% ₹75 Cr 7,500,000 8.1% Govt Stock 2034
Sovereign Bonds | -2% ₹75 Cr 7,500,000 7.69% Govt Stock 2028
Sovereign Bonds | -0% ₹4 Cr 440,654
↓ -29,050,246 08.03 GOI FCI 2024
Domestic Bonds | -0% ₹3 Cr 250,000 08.05 RJ Sdl 2025feb
Sovereign Bonds | -0% ₹1 Cr 56,000 7.38% Govt Stock 2027
Sovereign Bonds | -0% ₹0 Cr 10,470 Net Current Assets
Net Current Assets | -1% ₹51 Cr Treps
CBLO/Reverse Repo | -1% ₹34 Cr 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 (25 Apr 24) ₹29.4234 ↑ 0.00 (0.02 %) 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 25 Apr 24 Duration Returns 1 Month 0.5% 3 Month 2.1% 6 Month 4% 1 Year 7.3% 3 Year 5.5% 5 Year 7.2% 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 4. 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 (25 Apr 24) ₹101.871 ↓ -0.01 (0.00 %) 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 25 Apr 24 Duration Returns 1 Month 0.4% 3 Month 1.9% 6 Month 4.1% 1 Year 7.2% 3 Year 5.7% 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 5. Invesco India Gilt Fund
CAGR/Annualized
return of 6% since its launch. Ranked 10 in Government Bond
category. Return for 2023 was 6.6% , 2022 was 2.3% and 2021 was 0.7% . Invesco India Gilt Fund
Growth Launch Date 9 Feb 08 NAV (25 Apr 24) ₹2,557.81 ↓ -1.51 (-0.06 %) Net Assets (Cr) ₹328 on 31 Mar 24 Category Debt - Government Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 1.25 Sharpe Ratio 0.99 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.25% Effective Maturity 22 Years 4 Months 20 Days Modified Duration 10 Years 2 Months 8 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹11,132 31 Mar 21 ₹11,577 31 Mar 22 ₹11,738 31 Mar 23 ₹12,247 31 Mar 24 ₹13,379 Returns for Invesco India Gilt Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 25 Apr 24 Duration Returns 1 Month -0.4% 3 Month 2.1% 6 Month 5.4% 1 Year 7% 3 Year 4.5% 5 Year 5.8% 10 Year 15 Year Since launch 6% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.6% 2022 2.3% 2021 0.7% 2020 8.2% 2019 9.6% 2018 6.2% 2017 1.2% 2016 16.6% 2015 4.2% 2014 17% Fund Manager information for Invesco India Gilt Fund
Name Since Tenure Krishna Cheemalapati 27 Jul 21 2.68 Yr. Vikas Garg 26 Sep 20 3.51 Yr. Data below for Invesco India Gilt Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 6.26% Debt 93.74% Debt Sector Allocation
Sector Value Government 93.74% Cash Equivalent 6.26% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.3% Govt Stock 2053
Sovereign Bonds | -63% ₹183 Cr 17,970,000
↑ 3,500,000 7.18% Govt Stock 2037
Sovereign Bonds | -31% ₹90 Cr 9,000,000
↑ 500,000 Triparty Repo
CBLO/Reverse Repo | -5% ₹15 Cr Net Receivables / (Payables)
CBLO | -1% ₹3 Cr 6. 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 (25 Apr 24) ₹54.0752 ↓ 0.00 (0.00 %) 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 25 Apr 24 Duration Returns 1 Month 0.4% 3 Month 1.9% 6 Month 4% 1 Year 7% 3 Year 5.9% 5 Year 6.6% 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 7. Axis Gilt Fund
CAGR/Annualized
return of 7% since its launch. Ranked 16 in Government Bond
category. Return for 2023 was 7.1% , 2022 was 2.4% and 2021 was 2.4% . Axis Gilt Fund
Growth Launch Date 23 Jan 12 NAV (25 Apr 24) ₹22.8872 ↓ -0.01 (-0.04 %) Net Assets (Cr) ₹286 on 31 Mar 24 Category Debt - Government Bond AMC Axis Asset Management Company Limited Rating ☆ Risk Moderate Expense Ratio 0.99 Sharpe Ratio 0.96 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.2% Effective Maturity 13 Years 7 Days Modified Duration 7 Years 6 Months 11 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹11,429 31 Mar 21 ₹12,374 31 Mar 22 ₹12,793 31 Mar 23 ₹13,248 31 Mar 24 ₹14,416 Returns for Axis Gilt Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 25 Apr 24 Duration Returns 1 Month 0% 3 Month 2.1% 6 Month 5.2% 1 Year 7% 3 Year 4.8% 5 Year 7.4% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.1% 2022 2.4% 2021 2.4% 2020 13.1% 2019 12% 2018 5.3% 2017 1.4% 2016 13.7% 2015 6.3% 2014 15% Fund Manager information for Axis Gilt Fund
Name Since Tenure Devang Shah 5 Nov 12 11.41 Yr. Sachin Jain 1 Feb 23 1.16 Yr. Data below for Axis Gilt Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 11.21% Debt 88.79% Debt Sector Allocation
Sector Value Government 88.79% Cash Equivalent 11.21% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -37% ₹106 Cr 10,500,000
↓ -5,000,000 7.18% Govt Stock 2033
Sovereign Bonds | -24% ₹68 Cr 6,700,000
↑ 5,500,000 7.3% Govt Stock 2053
Sovereign Bonds | -16% ₹46 Cr 4,500,000
↑ 1,500,000 7.26% Govt Stock 2033
Sovereign Bonds | -9% ₹25 Cr 2,500,000 Chhattisgarh (Government of) 7.39%
- | -3% ₹7 Cr 735,700
↑ 735,700 Clearing Corporation Of India Ltd
CBLO/Reverse Repo | -10% ₹28 Cr Net Receivables / (Payables)
CBLO | -1% ₹4 Cr Interest Rate Swaps Pay Fix Receive Floating -Hsbc Bank (26/12/2025) (Fv 10
- | -0% ₹0 Cr 8. 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 (25 Apr 24) ₹3,407.41 ↑ 0.00 (0.00 %) 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 25 Apr 24 Duration Returns 1 Month 0.5% 3 Month 1.9% 6 Month 3.9% 1 Year 6.9% 3 Year 5.4% 5 Year 6.6% 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 9. DSP BlackRock Government Securities Fund
CAGR/Annualized
return of 9.2% since its launch. Ranked 9 in Government Bond
category. Return for 2023 was 7.1% , 2022 was 2.7% and 2021 was 3.1% . DSP BlackRock Government Securities Fund
Growth Launch Date 30 Sep 99 NAV (25 Apr 24) ₹86.0851 ↓ -0.05 (-0.06 %) Net Assets (Cr) ₹755 on 31 Mar 24 Category Debt - Government Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆ Risk Moderate Expense Ratio 1.09 Sharpe Ratio 0.97 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-7 Days (0.1%),7 Days and above(NIL) Yield to Maturity 7.27% Effective Maturity 22 Years 9 Months 4 Days Modified Duration 10 Years 1 Month 24 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹11,509 31 Mar 21 ₹12,349 31 Mar 22 ₹12,851 31 Mar 23 ₹13,410 31 Mar 24 ₹14,668 Returns for DSP BlackRock Government Securities Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 25 Apr 24 Duration Returns 1 Month -0.5% 3 Month 2.1% 6 Month 5.3% 1 Year 6.9% 3 Year 5.3% 5 Year 7.7% 10 Year 15 Year Since launch 9.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.1% 2022 2.7% 2021 3.1% 2020 13.1% 2019 12.5% 2018 7.4% 2017 1.4% 2016 15.3% 2015 6.2% 2014 15% Fund Manager information for DSP BlackRock Government Securities Fund
Name Since Tenure Shantanu Godambe 1 Jun 23 0.83 Yr. Data below for DSP BlackRock Government Securities Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 2.05% Debt 97.95% Debt Sector Allocation
Sector Value Government 97.95% Cash Equivalent 2.05% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2037
Sovereign Bonds | -35% ₹264 Cr 26,000,000 7.25% Govt Stock 2063
Sovereign Bonds | -33% ₹248 Cr 24,000,000
↑ 1,000,000 7.3% Govt Stock 2053
Sovereign Bonds | -29% ₹213 Cr 20,500,000
↑ 1,000,000 07.29 KA Sdl 2036
Sovereign Bonds | -1% ₹5 Cr 500,000
↑ 500,000 Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -2% ₹19 Cr Net Receivables/Payables
CBLO | -0% -₹3 Cr 10. 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 (25 Apr 24) ₹24.7278 ↑ 0.00 (0.01 %) 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 25 Apr 24 Duration Returns 1 Month 0.3% 3 Month 1.9% 6 Month 4% 1 Year 6.7% 3 Year 4.4% 5 Year 4.3% 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
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