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Long Term Debt Funds | Best Long Term Debt Funds - Fincash.com

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Long Term Debt Funds- When Should You Invest?

Updated on April 22, 2024 , 10890 views

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- A Plan for Long Term Investment

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

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.

Returns and Risk

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.

Long Term Debt Funds Taxation

Tax implication on debt funds is computed in the following manner-

Short Term Capital Gains

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.

Long Term Capital Gains

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

How to Invest in Long Term Bond Funds?

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.

Best Long Term Bond Funds to Invest in 2024

FundNAVNet Assets (Cr)Min InvestmentMin SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)2023 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
ICICI Prudential Corporate Bond Fund Growth ₹27.0334
↓ 0.00
₹26,230 5,000 100 1.93.87.55.97.67.92%2Y 3M 14D4Y 2M 23D
ICICI Prudential Gilt Fund Growth ₹92.4114
↓ -0.07
₹4,865 5,000 1,000 1.53.67.45.98.37.51%4Y 11M 5D9Y 6M 11D
HDFC Corporate Bond Fund Growth ₹29.4234
↑ 0.00
₹28,499 5,000 300 2.147.35.57.27.73%3Y 8D5Y 2M
Aditya Birla Sun Life Corporate Bond Fund Growth ₹101.871
↓ -0.01
₹21,135 1,000 100 1.94.17.25.77.37.68%3Y 7M 2D5Y 6M 14D
Invesco India Gilt Fund Growth ₹2,557.81
↓ -1.51
₹328 5,000 100 2.15.474.56.67.25%10Y 2M 8D22Y 4M 20D
Nippon India Prime Debt Fund Growth ₹54.0752
↓ 0.00
₹2,818 1,000 100 1.9475.97.17.74%3Y 1M 20D4Y 1M 13D
Axis Gilt Fund Growth ₹22.8872
↓ -0.01
₹286 5,000 1,000 2.15.274.87.17.2%7Y 6M 11D13Y 7D
Kotak Corporate Bond Fund Standard Growth ₹3,407.41
↑ 0.00
₹11,584 5,000 1,000 1.93.96.95.46.97.77%3Y 4M 10D5Y 6M 18D
DSP BlackRock Government Securities Fund Growth ₹86.0851
↓ -0.05
₹755 1,000 500 2.15.36.95.37.17.27%10Y 1M 24D22Y 9M 4D
BNP Paribas Corporate Bond Fund Growth ₹24.7278
↑ 0.00
₹147 5,000 300 1.946.74.477.52%3Y 11M 12D5Y 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

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 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% .

Below is the key information for ICICI Prudential Corporate Bond Fund

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.

DateValue
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

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 25 Apr 24

DurationReturns
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
YearReturns
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
NameSinceTenure
Manish Banthia22 Jan 240.19 Yr.
Ritesh Lunawat22 Jan 240.19 Yr.

Data below for ICICI Prudential Corporate Bond Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash3.5%
Debt96.28%
Other0.23%
Debt Sector Allocation
SectorValue
Corporate59.29%
Government36.94%
Cash Equivalent3.5%
Securitized0.05%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
14%₹3,716 Cr368,652,050
↑ 20,000,000
8.25% Govt Stock 2033
Sovereign Bonds | -
10%₹2,501 Cr246,071,700
↓ -10,000,000
National Bank For Agriculture And Rural Development
Debentures | -
3%₹856 Cr86,000
Pipeline Infrastructure Ltd.
Debentures | -
3%₹813 Cr80,500
↑ 80,500
HDFC Bank Limited
Debentures | -
3%₹696 Cr7,000
HDFC Bank Limited
Debentures | -
2%₹647 Cr65,000
Small Industries Development Bank Of India
Debentures | -
2%₹635 Cr6,400
Small Industries Development Bank Of India
Debentures | -
2%₹624 Cr6,250
Bharat Petroleum Corporation Limited
Debentures | -
2%₹595 Cr59,500
LIC Housing Finance Ltd
Debentures | -
2%₹519 Cr5,000

2. ICICI Prudential Gilt Fund

(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 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% .

Below is the key information for ICICI Prudential Gilt Fund

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.

DateValue
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

ICICI Prudential Gilt 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 Gilt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 24

DurationReturns
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
YearReturns
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
NameSinceTenure
Manish Banthia22 Jan 240.19 Yr.
Raunak Surana22 Jan 240.19 Yr.

Data below for ICICI Prudential Gilt Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash1.72%
Debt98.28%
Debt Sector Allocation
SectorValue
Government98.28%
Cash Equivalent1.72%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
73%₹3,603 Cr357,474,590
↑ 35,000,000
8.25% Govt Stock 2033
Sovereign Bonds | -
22%₹1,108 Cr108,971,700
7.18% Govt Stock 2037
Sovereign Bonds | -
2%₹75 Cr7,500,000
8.1% Govt Stock 2034
Sovereign Bonds | -
2%₹75 Cr7,500,000
7.69% Govt Stock 2028
Sovereign Bonds | -
0%₹4 Cr440,654
↓ -29,050,246
08.03 GOI FCI 2024
Domestic Bonds | -
0%₹3 Cr250,000
08.05 RJ Sdl 2025feb
Sovereign Bonds | -
0%₹1 Cr56,000
7.38% Govt Stock 2027
Sovereign Bonds | -
0%₹0 Cr10,470
Net Current Assets
Net Current Assets | -
1%₹51 Cr
Treps
CBLO/Reverse Repo | -
1%₹34 Cr

3. 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 2023 was 7.2% , 2022 was 3.3% and 2021 was 3.9% .

Below is the key information for HDFC Corporate Bond Fund

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.

DateValue
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

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 25 Apr 24

DurationReturns
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
YearReturns
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
NameSinceTenure
Anupam Joshi27 Oct 158.44 Yr.
Dhruv Muchhal22 Jun 230.78 Yr.

Data below for HDFC Corporate Bond Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash3.37%
Debt96.39%
Other0.24%
Debt Sector Allocation
SectorValue
Corporate48.42%
Government47.88%
Cash Equivalent3.37%
Securitized0.09%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
8.25% Govt Stock 2033
Sovereign Bonds | -
5%₹1,474 Cr145,000,000
↓ -5,000,000
7.18% Govt Stock 2037
Sovereign Bonds | -
4%₹1,055 Cr105,000,000
↑ 57,500,000
8.1% Govt Stock 2034
Sovereign Bonds | -
3%₹973 Cr97,500,000
↓ -12,000,000
National Bank For Agriculture And Rural Development
Debentures | -
3%₹796 Cr80,000
Hdb Financial Services Limited
Debentures | -
3%₹725 Cr72,500
7.69% Govt Stock 2028
Sovereign Bonds | -
2%₹673 Cr67,500,000
↓ -17,500,000
Mangalore Refinery And Petrochemicals Limited
Debentures | -
2%₹554 Cr5,670
Reliance Industries Limited
Debentures | -
2%₹525 Cr5,000
HDFC Bank Limited
Debentures | -
2%₹503 Cr50,000
LIC Housing Finance Limited
Debentures | -
2%₹497 Cr5,000

4. 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 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% .

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 (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.

DateValue
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

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 25 Apr 24

DurationReturns
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
YearReturns
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
NameSinceTenure
Kaustubh Gupta12 Apr 212.97 Yr.
Dhaval Joshi21 Nov 221.36 Yr.

Data below for Aditya Birla Sun Life Corporate Bond Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash4.21%
Debt95.55%
Other0.24%
Debt Sector Allocation
SectorValue
Corporate48.53%
Government46.02%
Cash Equivalent4.21%
Securitized1.01%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
11%₹2,318 Cr230,000,000
↓ -40,000,000
7.18% Govt Stock 2037
Sovereign Bonds | -
8%₹1,843 Cr183,324,100
↑ 13,000,000
7.26% Govt Stock 2033
Sovereign Bonds | -
5%₹1,133 Cr112,089,300
↓ -7,500,000
7.32% Govt Stock 2030
Sovereign Bonds | -
3%₹729 Cr72,000,000
National Bank For Agriculture And Rural Development
Debentures | -
3%₹726 Cr7,300
8.1% Govt Stock 2034
Sovereign Bonds | -
3%₹665 Cr66,637,700
Small Industries Development Bank Of India
Debentures | -
3%₹544 Cr54,550
HDFC Bank Limited
Debentures | -
2%₹403 Cr40,000
National Bank For Agriculture And Rural Development
Debentures | -
2%₹397 Cr4,000
↑ 150
National Bank For Agriculture And Rural Development
Debentures | -
2%₹393 Cr39,500

5. Invesco India Gilt Fund

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 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% .

Below is the key information for Invesco India Gilt Fund

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.

DateValue
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

Invesco India Gilt Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Invesco India Gilt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 24

DurationReturns
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
YearReturns
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
NameSinceTenure
Krishna Cheemalapati27 Jul 212.68 Yr.
Vikas Garg26 Sep 203.51 Yr.

Data below for Invesco India Gilt Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash6.26%
Debt93.74%
Debt Sector Allocation
SectorValue
Government93.74%
Cash Equivalent6.26%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.3% Govt Stock 2053
Sovereign Bonds | -
63%₹183 Cr17,970,000
↑ 3,500,000
7.18% Govt Stock 2037
Sovereign Bonds | -
31%₹90 Cr9,000,000
↑ 500,000
Triparty Repo
CBLO/Reverse Repo | -
5%₹15 Cr
Net Receivables / (Payables)
CBLO | -
1%₹3 Cr

6. Nippon India Prime Debt Fund

(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 2023 was 7.1% , 2022 was 4.3% and 2021 was 4.7% .

Below is the key information for Nippon India Prime Debt Fund

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.

DateValue
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

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 25 Apr 24

DurationReturns
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
YearReturns
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
NameSinceTenure
Vivek Sharma1 Feb 204.17 Yr.
Kinjal Desai25 May 185.86 Yr.

Data below for Nippon India Prime Debt Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash4.61%
Debt95.17%
Other0.22%
Debt Sector Allocation
SectorValue
Corporate60.27%
Government34.89%
Cash Equivalent4.61%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
5%₹151 Cr15,000,000
↑ 7,500,000
7.18% Govt Stock 2037
Sovereign Bonds | -
5%₹151 Cr15,000,000
↑ 5,000,000
National Bank For Agriculture And Rural Development
Debentures | -
5%₹125 Cr12,500
SBI General Insurance Company Limited
Debentures | -
4%₹101 Cr10,000
Tata Capital Limited
Debentures | -
4%₹100 Cr10,000
LIC Housing Finance Ltd. 7.84%
Debentures | -
4%₹100 Cr10,000
↑ 10,000
Indian Railway Finance Corporation Limited
Debentures | -
4%₹98 Cr950
Summit Digitel Infrastructure Limited
Debentures | -
4%₹97 Cr1,000
Tata Capital Housing Finance Limited
Debentures | -
4%₹97 Cr1,000
7.32% Govt Stock 2030
Sovereign Bonds | -
3%₹76 Cr7,500,000

7. Axis Gilt Fund

(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 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% .

Below is the key information for Axis Gilt Fund

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.

DateValue
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

Axis Gilt 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 Axis Gilt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 24

DurationReturns
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
YearReturns
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
NameSinceTenure
Devang Shah5 Nov 1211.41 Yr.
Sachin Jain1 Feb 231.16 Yr.

Data below for Axis Gilt Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash11.21%
Debt88.79%
Debt Sector Allocation
SectorValue
Government88.79%
Cash Equivalent11.21%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2037
Sovereign Bonds | -
37%₹106 Cr10,500,000
↓ -5,000,000
7.18% Govt Stock 2033
Sovereign Bonds | -
24%₹68 Cr6,700,000
↑ 5,500,000
7.3% Govt Stock 2053
Sovereign Bonds | -
16%₹46 Cr4,500,000
↑ 1,500,000
7.26% Govt Stock 2033
Sovereign Bonds | -
9%₹25 Cr2,500,000
Chhattisgarh (Government of) 7.39%
- | -
3%₹7 Cr735,700
↑ 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

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 2023 was 6.9% , 2022 was 3.7% and 2021 was 3.8% .

Below is the key information for Kotak Corporate Bond Fund Standard

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.

DateValue
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

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 25 Apr 24

DurationReturns
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
YearReturns
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
NameSinceTenure
Deepak Agrawal1 Feb 159.17 Yr.
Manu Sharma1 Nov 221.42 Yr.
Palha Khanna3 Jul 230.75 Yr.

Data below for Kotak Corporate Bond Fund Standard as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash2.75%
Debt97.01%
Other0.23%
Debt Sector Allocation
SectorValue
Corporate60.63%
Government36.39%
Cash Equivalent2.75%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2037
Sovereign Bonds | -
13%₹1,503 Cr149,518,990
↑ 30,000,000
8.25% Govt Stock 2033
Sovereign Bonds | -
5%₹626 Cr61,574,326
↓ -7,500,000
7.18% Govt Stock 2033
Sovereign Bonds | -
5%₹591 Cr58,659,100
↓ -20,000,000
National Bank For Agriculture And Rural Development
Debentures | -
4%₹452 Cr45,000
Jamnagar Utilities & Power Private Limited
Debentures | -
4%₹406 Cr4,200
HDFC Bank Limited
Debentures | -
3%₹369 Cr37,000
Bajaj Housing Finance Limited
Debentures | -
3%₹367 Cr3,670
LIC Housing Finance Limited
Debentures | -
3%₹354 Cr3,550
↑ 2,000
Power Finance Corporation Limited
Debentures | -
3%₹294 Cr2,950
↓ -2,000
Small Industries Development Bank Of India
Debentures | -
2%₹274 Cr27,500

9. DSP BlackRock Government Securities Fund

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 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% .

Below is the key information for DSP BlackRock Government Securities Fund

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.

DateValue
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

DSP BlackRock Government Securities 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 DSP BlackRock Government Securities Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 24

DurationReturns
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
YearReturns
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
NameSinceTenure
Shantanu Godambe1 Jun 230.83 Yr.

Data below for DSP BlackRock Government Securities Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash2.05%
Debt97.95%
Debt Sector Allocation
SectorValue
Government97.95%
Cash Equivalent2.05%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2037
Sovereign Bonds | -
35%₹264 Cr26,000,000
7.25% Govt Stock 2063
Sovereign Bonds | -
33%₹248 Cr24,000,000
↑ 1,000,000
7.3% Govt Stock 2053
Sovereign Bonds | -
29%₹213 Cr20,500,000
↑ 1,000,000
07.29 KA Sdl 2036
Sovereign Bonds | -
1%₹5 Cr500,000
↑ 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

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 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% .

Below is the key information for BNP Paribas Corporate Bond Fund

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.

DateValue
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

BNP Paribas 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 ₹194,235.
Net Profit of ₹14,235
Invest Now

Returns for BNP Paribas 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 25 Apr 24

DurationReturns
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
YearReturns
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
NameSinceTenure
Mayank Prakash23 Aug 176.61 Yr.
Jay Sheth1 Sep 230.58 Yr.

Data below for BNP Paribas Corporate Bond Fund as on 31 Mar 24

Asset Allocation
Asset ClassValue
Cash5.93%
Debt93.83%
Other0.24%
Debt Sector Allocation
SectorValue
Government50.05%
Corporate43.78%
Cash Equivalent5.93%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.1% Govt Stock 2029
Sovereign Bonds | -
10%₹15 Cr1,500,000
Indian Railway Finance Corporation Limited
Debentures | -
8%₹11 Cr110
Export Import Bank Of India
Debentures | -
7%₹10 Cr100
Power Finance Corporation Ltd.
Debentures | -
7%₹10 Cr1,000
Hindustan Petroleum Corporation Limited
Debentures | -
7%₹10 Cr100
Sundaram Bnp Paribas Home Finance Limited
Debentures | -
7%₹10 Cr1,000
Tata Capital Limited
Debentures | -
7%₹10 Cr1,000
HDFC Bank Limited
Debentures | -
7%₹10 Cr100
GAil (India) Limited
Debentures | -
7%₹10 Cr100
Power Grid Corporation Of India Limited
Debentures | -
6%₹9 Cr1,000

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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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