Table of Contents

HDFC Corporate Bond Fund (Erstwhile HDFC Medium Term Opportunities Fund)
Aditya Birla Sun Life Corporate Bond Fund (Erstwhile Aditya Birla Sun Life Short Term Fund)
HDFC Corporate Bond Fund Vs Aditya Birla Sun Life Corporate Bond Fund

HDFC Corporate Bond Fund Vs Aditya Birla Sun Life Corporate Bond Fund

Updated on November 17, 2024 , 2804 views

HDFC Corporate Bond Fund Vs Aditya Birla Sun Life Corporate Bond Fund both belong to the corporate category of Mutual Funds. 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). As both the funds belong to the same category, here's a comparative article that will help investors in choosing the ideal fund. So, let us understand the differences between HDFC Corporate Bond Fund and Aditya Birla Sun Life Corporate Bond Fund through this article.

HDFC Corporate Bond Fund (Erstwhile HDFC Medium Term Opportunities Fund)

HDFC Corporate Bond Fund, earlier known as HDFC Medium Term Opportunities Fund, was launched in the year 2010. The fund is an open-ended income scheme that mainly invests in debt/ money market instruments and government Bonds with an average maturity of 60 months. HDFC Corporate Bond Fund can be considered for short-term investment goals.

Some of the top holdings of the fund (as on 31st July 2018) are Power Finance Corporation Ltd, Net Current Assets, ONGC Petro Additions Limited, Food Corporation Of India, ONGC Petro Additions Limited, etc.

Aditya Birla Sun Life Corporate Bond Fund (Erstwhile Aditya Birla Sun Life Short Term Fund)

Aditya Birla Sun Life Corporate Bond Fund, earlier known as Aditya Birla Sun Life Short Term Fund, was launched in the year 1997. The fund is an open-ended income scheme that seeks to generate income and Capital appreciation by Investing 100 percent of the corpus in a diversified Portfolio of debt and money Market securities.

Some of the top holdings of the fund as on July 31, 2018, are 6.84% Govt Stock 2022, ONGC Petro Additions Limited, 7.17% Govt Stock 2028, Reliance Jio Infocomm Limited, National Bank For Agriculture And Rural Development, etc.

HDFC Corporate Bond Fund Vs Aditya Birla Sun Life Corporate Bond Fund

Though both the funds belong to the same fund house and same category yet; there exists a difference between them with respect to AUM, current NAV, Fincash Ratings and much more. These differences are divided into four sections, namely, Basics Section, Performance Section, Yearly Performance Section, and Other Details Section. So, let us understand the differences between both the funds based on these sections.

Basics Section

The various comparable parameters in case of basics section are Scheme Category, AUM, expense ratio, Fincash Ratings, and Current NAV. To begin with the Scheme Category, it can be said that both the schemes belong to the same category that is, Corporate Bond Debt.

As per Fincash Ratings, we can say that both the fund is rated as 5-Star scheme.

The table given below summarizes the elements of this section.

Parameters
Basics	NAV
	Net Assets (Cr)
	Launch Date
	Rating
	Category
	Sub Cat.
	Category Rank
	Risk
	Expense Ratio
	Sharpe Ratio
	Information Ratio
	Alpha Ratio
	Benchmark
	Exit Load

HDFC Corporate Bond Fund Growth Fund Details
₹30.9298 ↑ 0.01 (0.04 %)
₹32,072 on 31 Oct 24
29 Jun 10
☆☆☆☆☆
Debt
Corporate Bond
2
Moderately Low
0.59
2.65
0
0
Not Available
NIL

Aditya Birla Sun Life Corporate Bond Fund Growth Fund Details
₹107.189 ↑ 0.03 (0.03 %)
₹23,337 on 31 Oct 24
3 Mar 97
☆☆☆☆☆
Debt
Corporate Bond
1
Moderately Low
0.5
2.36
0
0
Not Available
NIL

Performance Section

This section compares the CAGR or Compounded Annual Growth Rate for both the schemes at various time periods. Some of the time periods for which the performance is compared are 1 Month Returns, 6 Month Returns, 1 Year Returns and Returns Since Inception. In most instances Aditya Birla Sun Life Corporate Bond Fund has performed better than that of HDFC Corporate Bond Fund. The table given below shows the CAGR performance of both the schemes.

Parameters
Performance	1 Month
	3 Month
	6 Month
	1 Year
	3 Year
	5 Year
	Since launch

HDFC Corporate Bond Fund Growth Fund Details
0.5%
2.2%
4.5%
8.6%
6.2%
6.9%
8.2%

Aditya Birla Sun Life Corporate Bond Fund Growth Fund Details
0.5%
2%
4.5%
8.6%
6.4%
7.1%
8.9%

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Yearly Performance

Yearly performance between both the schemes compares the absolute returns generated by each scheme for a particular year. In case of yearly performance, there is not much difference between the returns generated between both the schemes. The summary of yearly performance section is tabulated as follows.

Parameters
Yearly Performance	2023
	2022
	2021
	2020
	2019

HDFC Corporate Bond Fund Growth Fund Details
7.2%
3.3%
3.9%
11.8%
10.3%

Aditya Birla Sun Life Corporate Bond Fund Growth Fund Details
7.3%
4.1%
4%
11.9%
9.6%

Other Details Section

This is the last section of comparing funds. The comparable parameters that form part of Other Details Section include Minimum SIP and Lumpsum Investment. Being a part of the same fund house, the Minimum SIP and Lumpsum Investment for both HDFC Balanced Fund and HDFC Prudence Fund are different. The minimum SIP investment for HDFC's fund is INR 500, while for Aditya Birla's fund it is INR 1,000. The minimum lump sum for Aditya Birla Sun Life Corporate Bond Fund is INR 1,000 and for HDFC Corporate Bond Fund is it INR 5,000.

The table given below summarizes the other details section.

HDFC Corporate Bond Fund is jointly managed by Anupam Joshi and Rakesh Vyas.

Aditya Birla Sun Life Corporate Bond Fund is jointly managed by two fund manager- Maneesh Dangi and Kaustubh Gupta.

Parameters
Other Details	Min SIP Investment
Other Details	Min Investment
Fund Manager

HDFC Corporate Bond Fund Growth Fund Details
₹300
₹5,000
Anupam Joshi - 9.02 Yr.

Aditya Birla Sun Life Corporate Bond Fund Growth Fund Details
₹100
₹1,000
Kaustubh Gupta - 3.56 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.

IDFC Corporate Bond Fund Growth Fund Details

Date	Value
31 Oct 19	₹10,000
31 Oct 20	₹11,115
31 Oct 21	₹11,603
31 Oct 22	₹11,837
31 Oct 23	₹12,654
31 Oct 24	₹13,623

Growth of 10,000 investment over the years.

Aditya Birla Sun Life Corporate Bond Fund Growth Fund Details

Date	Value
31 Oct 19	₹10,000
31 Oct 20	₹11,157
31 Oct 21	₹11,688
31 Oct 22	₹12,091
31 Oct 23	₹12,939
31 Oct 24	₹14,093

Detailed Assets & Holdings Comparison

Asset Allocation

IDFC Corporate Bond Fund Growth Fund Details

Asset Class	Value
Cash	3.99%
Debt	95.72%
Other	0.29%

Debt Sector Allocation

Sector	Value
Government	50.95%
Corporate	44.77%
Cash Equivalent	3.99%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
07.18 Goi 14082033 Sovereign Bonds \| -	18%	₹2,502 Cr	244,000,000 ↓ -39,000,000
7.10%Goi 08/04/2034 Sovereign Bonds \| -	7%	₹997 Cr	97,500,000 ↑ 86,500,000
Export-Import Bank of India 7.4% Domestic Bonds \| -	6%	₹882 Cr	87,350,000 ↓ -20,000,000
National Housing Bank Debentures \| -	6%	₹843 Cr	84,000,000
Bajaj Housing Finance Ltd. 7.78% Debentures \| -	6%	₹800 Cr	80,000,000
National Bank For Agriculture And Rural Development Debentures \| -	3%	₹480 Cr	48,000,000 ↓ -15,000,000
Indian Railway Finance Corporation Limited Debentures \| -	3%	₹374 Cr	37,500,000
Tata Capital Financial Services Limited Debentures \| -	2%	₹250 Cr	25,000,000
Bajaj Housing Finance Limited Debentures \| -	2%	₹230 Cr	23,000,000 ↑ 500,000
Grasim Industries Limited Debentures \| -	2%	₹227 Cr	22,500,000 ↑ 2,500,000

Asset Allocation

Aditya Birla Sun Life Corporate Bond Fund Growth Fund Details

Asset Class	Value
Cash	3.9%
Debt	95.87%
Other	0.23%

Debt Sector Allocation

Sector	Value
Corporate	55.8%
Government	39.54%
Cash Equivalent	3.9%
Securitized	0.53%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
07.18 Goi 14082033 Sovereign Bonds \| -	11%	₹2,620 Cr	255,500,000 ↓ -4,000,000
07.18 Goi 24072037 Sovereign Bonds \| -	6%	₹1,388 Cr	134,824,100 ↑ 2,500,000
7.10%Goi 08/04/2034 Sovereign Bonds \| -	3%	₹759 Cr	74,161,700 ↑ 42,500,000
Small Industries Development Bank Of India Debentures \| -	3%	₹696 Cr	69,550
8% Govt Stock 2034 Sovereign Bonds \| -	3%	₹653 Cr	64,637,700
7.26% Govt Stock 2033 Sovereign Bonds \| -	3%	₹608 Cr	59,089,300 ↓ -6,000,000
Small Industries Development Bank Of India Debentures \| -	3%	₹600 Cr	6,000
Bajaj Housing Finance Limited Debentures \| -	2%	₹558 Cr	55,000
National Bank For Agriculture And Rural Development Debentures \| -	2%	₹489 Cr	48,500
Bajaj Finance Limited Debentures \| -	2%	₹453 Cr	45,000

Thus, from the above pointers, it can be said that both the schemes are different in case of various parameters though they belong to the same category and fund house. Therefore, individuals should always do a detailed study about a scheme before investing in it. They should check whether the fund’s objective is in-line with their objective. If required, people can consult a financial advisor for advice. This will ensure that their investment is safe and it paves way for wealth creation.