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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
- HDFC Corporate Bond Fund
- Aditya Birla Sun Life Corporate Bond Fund
- Nippon India Prime Debt Fund
- BNP Paribas Corporate Bond Fund
- Kotak Corporate Bond Fund Standard
- L&T Triple Ace Bond Fund
- Invesco India Corporate Bond Fund
- Sundaram Corporate Bond Fund
- ICICI Prudential Corporate Bond Fund
- Franklin India Corporate Debt 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 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 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 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 To generate regular and stable income for the unitholders of the Scheme. The corpus of the scheme would be invested primarily in debt market securities such as nonconvertible debentures, bonds issued by corporates, bank and government, commercial paper, certificate of deposits and other money market instruments. The scheme would invest predominantly in securities rated by the Credit Rating and Information Services of India Limited (CRISIL), or any other rating agency. L&T Triple Ace Bond Fund is a Debt - Corporate Bond fund was launched on 9 Jun 97. It is a fund with Moderate risk and has given a Below is the key information for L&T Triple Ace 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 (Erstwhile Sundaram Flexible Fund-Flexible Income Plan) To generate reasonable returns by creating a portfolio
comprising substantially of fixed income instruments and
money market instruments by keeping the interest rate risk
of the fund low. Sundaram Corporate Bond Fund is a Debt - Corporate Bond fund was launched on 30 Dec 04. It is a fund with Moderately Low risk and has given a Below is the key information for Sundaram Corporate Bond Fund Returns up to 1 year are on (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 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 Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity HDFC Corporate Bond Fund Growth ₹30.9298
↑ 0.01 ₹32,072 2.2 4.5 8.6 6.2 7.2 7.4% 4Y 7D 6Y 2M 5D Aditya Birla Sun Life Corporate Bond Fund Growth ₹107.189
↑ 0.03 ₹23,337 2 4.5 8.6 6.4 7.3 7.49% 3Y 9M 18D 5Y 7M 13D Nippon India Prime Debt Fund Growth ₹56.8306
↑ 0.02 ₹6,312 2.1 4.4 8.5 6.5 7.1 7.41% 4Y 5Y 3M 22D BNP Paribas Corporate Bond Fund Growth ₹25.9857
↑ 0.01 ₹196 2.2 4.5 8.5 5.4 7 7.2% 3Y 9M 11D 5Y 2M 12D Kotak Corporate Bond Fund Standard Growth ₹3,579.18
↑ 1.35 ₹14,163 2 4.4 8.3 6.1 6.9 7.43% 3Y 3M 7D 5Y 4D L&T Triple Ace Bond Fund Growth ₹69.3587
↑ 0.04 ₹6,572 2.1 4.3 8.2 5.4 6.4 7.27% 3Y 3M 25D 4Y 22D Invesco India Corporate Bond Fund Growth ₹3,014.12
↑ 1.64 ₹5,644 2 4.3 8.2 5.7 6.7 7.32% 3Y 10M 6D 5Y 3M 14D Sundaram Corporate Bond Fund Growth ₹38.1268
↑ 0.02 ₹740 2 4.3 8.1 5.8 6.3 7.28% 4Y 1M 13D 6Y 3M 11D ICICI Prudential Corporate Bond Fund Growth ₹28.3256
↑ 0.01 ₹27,164 2 4.2 8.1 6.5 7.6 7.63% 2Y 3M 25D 3Y 10M 6D Franklin India Corporate Debt Fund Growth ₹93.6576
↑ 0.08 ₹765 2.1 4.2 7.7 5.6 6.5 7.46% 2Y 8M 5D 3Y 8M 2D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Nov 24 100 Crore , manging fund for more than 3 Year & sorted on last 1 year return
1. HDFC Corporate Bond Fund
CAGR/Annualized return of 8.2% 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 Nov 24) ₹30.9298 ↑ 0.01 (0.04 %) Net Assets (Cr) ₹32,072 on 31 Oct 24 Category Debt - Corporate Bond AMC HDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.59 Sharpe Ratio 2.65 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load NIL Yield to Maturity 7.4% Effective Maturity 6 Years 2 Months 5 Days Modified Duration 4 Years 7 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹11,135 31 Oct 21 ₹11,660 31 Oct 22 ₹11,967 31 Oct 23 ₹12,824 31 Oct 24 ₹13,950 Returns for HDFC Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24 Duration Returns 1 Month 0.5% 3 Month 2.2% 6 Month 4.5% 1 Year 8.6% 3 Year 6.2% 5 Year 6.9% 10 Year 15 Year Since launch 8.2% 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 9.02 Yr. Dhruv Muchhal 22 Jun 23 1.36 Yr. Data below for HDFC Corporate Bond Fund as on 31 Oct 24
Asset Allocation
Asset Class Value Cash 3.09% Debt 96.68% Other 0.24% Debt Sector Allocation
Sector Value Corporate 55.4% Government 41.28% Cash Equivalent 3.09% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.23% Govt Stock 2039
Sovereign Bonds | -10% ₹3,356 Cr 325,000,000
↑ 110,000,000 6.79% Govt Stock 2034
Sovereign Bonds | -5% ₹1,498 Cr 150,000,000
↑ 150,000,000 7.93% Govt Stock 2033
Sovereign Bonds | -4% ₹1,287 Cr 125,000,000 7.53% Govt Stock 2034
Sovereign Bonds | -2% ₹758 Cr 75,000,000 State Bank Of India
Debentures | -2% ₹702 Cr 700
↑ 700 Mangalore Refinery And Petrochemicals Limited
Debentures | -2% ₹558 Cr 5,670 Reliance Industries Limited
Debentures | -2% ₹528 Cr 5,000 HDFC Bank Limited
Debentures | -2% ₹510 Cr 50,000 Bajaj Housing Finance Limited
Debentures | -2% ₹505 Cr 50,000 LIC Housing Finance Limited
Debentures | -2% ₹501 Cr 5,000 2. 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 Nov 24) ₹107.189 ↑ 0.03 (0.03 %) Net Assets (Cr) ₹23,337 on 31 Oct 24 Category Debt - Corporate Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.5 Sharpe Ratio 2.36 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.49% Effective Maturity 5 Years 7 Months 13 Days Modified Duration 3 Years 9 Months 18 Days Growth of 10,000 investment over the years.
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 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 Nov 24 Duration Returns 1 Month 0.5% 3 Month 2% 6 Month 4.5% 1 Year 8.6% 3 Year 6.4% 5 Year 7.1% 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 3.56 Yr. Dhaval Joshi 21 Nov 22 1.95 Yr. Data below for Aditya Birla Sun Life Corporate Bond Fund as on 31 Oct 24
Asset Allocation
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 3. 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 Nov 24) ₹56.8306 ↑ 0.02 (0.04 %) Net Assets (Cr) ₹6,312 on 31 Oct 24 Category Debt - Corporate Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.69 Sharpe Ratio 2.23 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.41% Effective Maturity 5 Years 3 Months 22 Days Modified Duration 4 Years Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹10,934 31 Oct 21 ₹11,501 31 Oct 22 ₹11,927 31 Oct 23 ₹12,768 31 Oct 24 ₹13,890 Returns for Nippon India Prime Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24 Duration Returns 1 Month 0.5% 3 Month 2.1% 6 Month 4.4% 1 Year 8.5% 3 Year 6.5% 5 Year 6.8% 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 4.75 Yr. Kinjal Desai 25 May 18 6.44 Yr. Data below for Nippon India Prime Debt Fund as on 31 Oct 24
Asset Allocation
Asset Class Value Cash 6.07% Debt 93.79% Other 0.14% Debt Sector Allocation
Sector Value Corporate 56.54% Government 37.25% Cash Equivalent 6.07% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.1% Govt Stock 2034
Sovereign Bonds | -12% ₹707 Cr 69,500,000
↑ 2,500,000 7.18% Govt Stock 2037
Sovereign Bonds | -4% ₹215 Cr 21,000,000
↑ 7,500,000 7.32% Govt Stock 2030
Sovereign Bonds | -3% ₹185 Cr 18,000,000 INDIA UNIVERSAL TRUST AL1
Unlisted bonds | -3% ₹149 Cr 150 LIC Housing Finance Limited
Debentures | -2% ₹136 Cr 13,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹125 Cr 12,500 Small Industries Development Bank Of India
Debentures | -2% ₹125 Cr 12,500
↑ 12,500 6.79% Govt Stock 2034
Sovereign Bonds | -2% ₹120 Cr 12,000,000
↑ 7,500,000 Bajaj Finance Limited
Debentures | -2% ₹116 Cr 11,500
↓ -1,000 Tata Capital Housing Finance Limited
Debentures | -2% ₹111 Cr 11,000 4. BNP Paribas Corporate Bond Fund
CAGR/Annualized return of 6.1% 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 Nov 24) ₹25.9857 ↑ 0.01 (0.04 %) Net Assets (Cr) ₹196 on 31 Oct 24 Category Debt - Corporate Bond AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 0.56 Sharpe Ratio 1.82 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 7.2% Effective Maturity 5 Years 2 Months 12 Days Modified Duration 3 Years 9 Months 11 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹10,946 31 Oct 21 ₹11,250 31 Oct 22 ₹11,365 31 Oct 23 ₹12,119 31 Oct 24 ₹13,179 Returns for BNP Paribas Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24 Duration Returns 1 Month 0.5% 3 Month 2.2% 6 Month 4.5% 1 Year 8.5% 3 Year 5.4% 5 Year 5.7% 10 Year 15 Year Since launch 6.1% 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 Gurvinder Wasan 21 Oct 24 0.03 Yr. Vikram Pamnani 10 Jul 24 0.31 Yr. Data below for BNP Paribas Corporate Bond Fund as on 31 Oct 24
Asset Allocation
Asset Class Value Cash 8.06% Debt 91.74% Other 0.2% Debt Sector Allocation
Sector Value Government 46.02% Corporate 45.72% Cash Equivalent 8.06% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.1% Govt Stock 2034
Sovereign Bonds | -13% ₹25 Cr 2,500,000 7.32% Govt Stock 2030
Sovereign Bonds | -6% ₹12 Cr 1,200,000 Indian Railway Finance Corporation Limited
Debentures | -6% ₹11 Cr 110 Export Import Bank Of India
Debentures | -5% ₹11 Cr 100 Hindustan Petroleum Corporation Limited
Debentures | -5% ₹10 Cr 100 Power Finance Corporation Ltd.
Debentures | -5% ₹10 Cr 1,000 Sundaram Bnp Paribas Home Finance Limited
Debentures | -5% ₹10 Cr 1,000 Tata Capital Limited
Debentures | -5% ₹10 Cr 1,000 GAil (India) Limited
Debentures | -5% ₹10 Cr 100 Bajaj Finance Limited
Debentures | -5% ₹10 Cr 1,000 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 Nov 24) ₹3,579.18 ↑ 1.35 (0.04 %) Net Assets (Cr) ₹14,163 on 31 Oct 24 Category Debt - Corporate Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.67 Sharpe Ratio 2.13 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.43% Effective Maturity 5 Years 4 Days Modified Duration 3 Years 3 Months 7 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹10,932 31 Oct 21 ₹11,429 31 Oct 22 ₹11,771 31 Oct 23 ₹12,548 31 Oct 24 ₹13,625 Returns for Kotak Corporate Bond Fund Standard
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24 Duration Returns 1 Month 0.5% 3 Month 2% 6 Month 4.4% 1 Year 8.3% 3 Year 6.1% 5 Year 6.4% 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 9.76 Yr. Manu Sharma 1 Nov 22 2 Yr. Data below for Kotak Corporate Bond Fund Standard as on 31 Oct 24
Asset Allocation
Asset Class Value Cash 2.6% Debt 97.17% Other 0.23% Debt Sector Allocation
Sector Value Corporate 56.43% Government 40.73% Cash Equivalent 2.6% Credit Quality
Rating Value AA 0.35% AAA 99.65% Top Securities Holdings / Portfolio
Name Holding Value Quantity 07.18 Goi 14082033
Sovereign Bonds | -13% ₹1,876 Cr 182,935,080
↓ -12,500,010 7.10%Goi 08/04/2034
Sovereign Bonds | -9% ₹1,331 Cr 130,170,310
↑ 36,900,010 National Bank For Agriculture And Rural Development
Debentures | -5% ₹708 Cr 70,300 Jamnagar Utilities And Power Pvt Limited
Debentures | -4% ₹558 Cr 5,700 LIC Housing Finance Limited
Debentures | -3% ₹460 Cr 4,550 Bajaj Finance Limited
Debentures | -3% ₹438 Cr 43,500 Govt Stock 22092033
Sovereign Bonds | -3% ₹379 Cr 36,812,177 HDFC Bank Limited
Debentures | -3% ₹374 Cr 37,000 Mahindra & Mahindra Financial Services Ltd
Debentures | -2% ₹303 Cr 30,000 Small Industries Development Bank Of India
Debentures | -2% ₹298 Cr 29,500 6. L&T Triple Ace Bond Fund
CAGR/Annualized return of 7.3% since its launch. Ranked 39 in Corporate Bond category. Return for 2023 was 6.4% , 2022 was 2.2% and 2021 was 3.8% . L&T Triple Ace Bond Fund
Growth Launch Date 9 Jun 97 NAV (19 Nov 24) ₹69.3587 ↑ 0.04 (0.05 %) Net Assets (Cr) ₹6,572 on 15 Nov 24 Category Debt - Corporate Bond AMC L&T Investment Management Ltd Rating ☆ Risk Moderate Expense Ratio 0.64 Sharpe Ratio 1.77 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.27% Effective Maturity 4 Years 22 Days Modified Duration 3 Years 3 Months 25 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹11,297 31 Oct 21 ₹11,740 31 Oct 22 ₹11,888 31 Oct 23 ₹12,694 31 Oct 24 ₹13,774 Returns for L&T Triple Ace Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24 Duration Returns 1 Month 0.4% 3 Month 2.1% 6 Month 4.3% 1 Year 8.2% 3 Year 5.4% 5 Year 6.6% 10 Year 15 Year Since launch 7.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.4% 2022 2.2% 2021 3.8% 2020 12.4% 2019 12.6% 2018 6% 2017 1.6% 2016 12.4% 2015 4.5% 2014 12.6% Fund Manager information for L&T Triple Ace Bond Fund
Name Since Tenure Kapil Punjabi 1 May 24 0.5 Yr. Shriram Ramanathan 30 Jun 14 10.35 Yr. Data below for L&T Triple Ace Bond Fund as on 15 Nov 24
Asset Allocation
Asset Class Value Cash 0.67% Debt 99.05% Other 0.28% Debt Sector Allocation
Sector Value Government 53.78% Corporate 45.27% Cash Equivalent 0.67% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 07.37 Goi 2028
Sovereign Bonds | -6% ₹408 Cr 38,500,000
↑ 15,000,000 Ntpc Limited
Debentures | -5% ₹349 Cr 3,400 Indian Oil Corporation Limited
Debentures | -5% ₹334 Cr 3,069 National Highways Authority Of India
Debentures | -5% ₹314 Cr 3,050 Power Grid Corporation Of India Limited
Debentures | -4% ₹287 Cr 2,700 HDFC Bank Limited
Debentures | -4% ₹269 Cr 2,450 ICICI Bank Limited
Debentures | -4% ₹258 Cr 2,500 7.38% Govt Stock 2027
Sovereign Bonds | -3% ₹208 Cr 20,000,000
↓ -10,000,000 National Highways Authority Of India
Debentures | -3% ₹201 Cr 1,950 07.06 Goi 2028
Sovereign Bonds | -3% ₹177 Cr 17,500,000
↓ -5,000,000 7. Invesco India Corporate Bond Fund
CAGR/Annualized return of 6.6% 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 Nov 24) ₹3,014.12 ↑ 1.64 (0.05 %) Net Assets (Cr) ₹5,644 on 31 Oct 24 Category Debt - Corporate Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆ Risk Moderate Expense Ratio 0.66 Sharpe Ratio 1.63 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.32% Effective Maturity 5 Years 3 Months 14 Days Modified Duration 3 Years 10 Months 6 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹10,976 31 Oct 21 ₹11,410 31 Oct 22 ₹11,663 31 Oct 23 ₹12,425 31 Oct 24 ₹13,469 Returns for Invesco India Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24 Duration Returns 1 Month 0.4% 3 Month 2% 6 Month 4.3% 1 Year 8.2% 3 Year 5.7% 5 Year 6.1% 10 Year 15 Year Since launch 6.6% 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 3.88 Yr. Vikas Garg 26 Sep 20 4.1 Yr. Data below for Invesco India Corporate Bond Fund as on 31 Oct 24
Asset Allocation
Asset Class Value Cash 3.56% Debt 96.26% Other 0.18% Debt Sector Allocation
Sector Value Corporate 50.01% Government 46.25% Cash Equivalent 3.56% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 07.18 Goi 14082033
Sovereign Bonds | -7% ₹367 Cr 35,786,700 7.10%Goi 08/04/2034
Sovereign Bonds | -6% ₹303 Cr 29,612,600
↑ 8,500,000 07.18 Goi 24072037
Sovereign Bonds | -4% ₹212 Cr 20,550,000
↑ 500,000 7.23% Goi 15/04/2039
Sovereign Bonds | -4% ₹201 Cr 19,362,100
↓ -1,500,000 07.32 Goi 2030
Sovereign Bonds | -3% ₹129 Cr 12,500,000 Small Industries Development Bank Of India
Debentures | -2% ₹125 Cr 12,500,000
↑ 2,500,000 7.17% Govt Stock 2030
Sovereign Bonds | -2% ₹112 Cr 11,000,000 Sikka Ports And Terminals Limited
Debentures | -2% ₹109 Cr 11,000,000 Pipeline Infrastructure Private Limited
Debentures | -2% ₹102 Cr 10,000,000
↑ 2,500,000 National Bank for Agriculture and Rural Development 7.68%
Domestic Bonds | -2% ₹93 Cr 9,200,000 8. Sundaram Corporate Bond Fund
CAGR/Annualized return of 7% since its launch. Ranked 15 in Corporate Bond category. Return for 2023 was 6.3% , 2022 was 3.7% and 2021 was 3.5% . Sundaram Corporate Bond Fund
Growth Launch Date 30 Dec 04 NAV (19 Nov 24) ₹38.1268 ↑ 0.02 (0.06 %) Net Assets (Cr) ₹740 on 31 Oct 24 Category Debt - Corporate Bond AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.51 Sharpe Ratio 1.55 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 250 Exit Load NIL Yield to Maturity 7.28% Effective Maturity 6 Years 3 Months 11 Days Modified Duration 4 Years 1 Month 13 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹11,050 31 Oct 21 ₹11,518 31 Oct 22 ₹11,870 31 Oct 23 ₹12,584 31 Oct 24 ₹13,634 Returns for Sundaram Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24 Duration Returns 1 Month 0.4% 3 Month 2% 6 Month 4.3% 1 Year 8.1% 3 Year 5.8% 5 Year 6.4% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.3% 2022 3.7% 2021 3.5% 2020 11% 2019 11.3% 2018 4.8% 2017 5.4% 2016 11.7% 2015 8.7% 2014 14.9% Fund Manager information for Sundaram Corporate Bond Fund
Name Since Tenure Dwijendra Srivastava 31 Jul 10 14.27 Yr. Sandeep Agarwal 1 Jun 12 12.43 Yr. Data below for Sundaram Corporate Bond Fund as on 31 Oct 24
Asset Allocation
Asset Class Value Cash 6.13% Debt 93.51% Other 0.37% Debt Sector Allocation
Sector Value Corporate 51.13% Government 42.38% Cash Equivalent 6.13% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.10%Goi 08/04/2034
Sovereign Bonds | -16% ₹118 Cr 11,500,000
↑ 5,000,000 Small Industries Development Bank Of India
Debentures | -7% ₹51 Cr 5,000 Indian Railway Finance Corporation Limited
Debentures | -5% ₹40 Cr 4,000 National Housing Bank
Debentures | -5% ₹40 Cr 4,000 LIC Housing Finance Limited
Debentures | -4% ₹30 Cr 300 National Bank For Agriculture And Rural Development
Debentures | -3% ₹25 Cr 2,500 Power Finance Corporation Ltd.
Debentures | -3% ₹25 Cr 2,500 National Bank For Agriculture And Rural Development
Debentures | -3% ₹25 Cr 2,500 HDFC Bank Limited
Debentures | -3% ₹25 Cr 2,500 Rural Electrification Corporation Limited
Debentures | -3% ₹25 Cr 2,500 9. ICICI Prudential Corporate Bond Fund
CAGR/Annualized return of 7.1% 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 Nov 24) ₹28.3256 ↑ 0.01 (0.03 %) Net Assets (Cr) ₹27,164 on 31 Oct 24 Category Debt - Corporate Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.57 Sharpe Ratio 2.34 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.63% Effective Maturity 3 Years 10 Months 6 Days Modified Duration 2 Years 3 Months 25 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹11,051 31 Oct 21 ₹11,566 31 Oct 22 ₹12,025 31 Oct 23 ₹12,911 31 Oct 24 ₹13,958 Returns for ICICI Prudential Corporate Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24 Duration Returns 1 Month 0.6% 3 Month 2% 6 Month 4.2% 1 Year 8.1% 3 Year 6.5% 5 Year 6.9% 10 Year 15 Year Since launch 7.1% 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 0.78 Yr. Ritesh Lunawat 22 Jan 24 0.78 Yr. Data below for ICICI Prudential Corporate Bond Fund as on 31 Oct 24
Asset Allocation
Asset Class Value Cash 3.51% Debt 96.24% Other 0.25% Debt Sector Allocation
Sector Value Corporate 65.99% Government 30.24% Cash Equivalent 3.51% Credit Quality
Rating Value AA 1.65% AAA 98.35% Top Securities Holdings / Portfolio
Name Holding Value Quantity Govt Stock 22092033
Sovereign Bonds | -8% ₹2,220 Cr 215,793,930 7.10%Goi 08/04/2034
Sovereign Bonds | -7% ₹1,889 Cr 184,704,080
↑ 49,323,800 National Bank For Agriculture And Rural Development
Debentures | -3% ₹866 Cr 86,500 Pipeline Infrastructure Private Limited
Debentures | -3% ₹824 Cr 80,500 Small Industries Development Bank Of India
Debentures | -2% ₹633 Cr 6,350 Small Industries Development Bank Of India
Debentures | -2% ₹626 Cr 6,250 Bharat Petroleum Corporation Limited
Debentures | -2% ₹592 Cr 59,000 PTC- INDIA UNIVERSAL TRUST AL1-SERIES A3
Unlisted bonds | -2% ₹539 Cr 535 LIC Housing Finance Ltd
Debentures | -2% ₹521 Cr 5,000 LIC Housing Finance Limited
Debentures | -2% ₹502 Cr 5,000 10. 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 Nov 24) ₹93.6576 ↑ 0.08 (0.09 %) Net Assets (Cr) ₹765 on 31 Oct 24 Category Debt - Corporate Bond AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆ Risk Moderate Expense Ratio 0.77 Sharpe Ratio 1.45 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 7.46% Effective Maturity 3 Years 8 Months 2 Days Modified Duration 2 Years 8 Months 5 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹10,874 31 Oct 21 ₹11,372 31 Oct 22 ₹11,666 31 Oct 23 ₹12,428 31 Oct 24 ₹13,384 Returns for Franklin India Corporate Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24 Duration Returns 1 Month 0.7% 3 Month 2.1% 6 Month 4.2% 1 Year 7.7% 3 Year 5.6% 5 Year 6% 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 1.07 Yr. Anuj Tagra 7 Mar 24 0.65 Yr. Chandni Gupta 7 Mar 24 0.65 Yr. Data below for Franklin India Corporate Debt Fund as on 31 Oct 24
Asset Allocation
Asset Class Value Cash 13.36% Debt 86.37% Other 0.27% Debt Sector Allocation
Sector Value Corporate 71.86% Government 14.52% Cash Equivalent 13.36% Credit Quality
Rating Value AA 5.98% AAA 94.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Home Finance Company Limited
Debentures | -7% ₹53 Cr 5,000 Pipeline Infrastructure Private Limited
Debentures | -7% ₹51 Cr 5,000 Sikka Ports And Terminals Limited
Debentures | -7% ₹51 Cr 500 Summit Digitel Infrastructure Ltd
Debentures | -7% ₹51 Cr 5,000 Rural Electrification Corporation Limited
Debentures | -7% ₹49 Cr 9,000 8% Govt Stock 2034
Sovereign Bonds | -5% ₹37 Cr 3,500,000 Mahindra & Mahindra Financial Services Ltd. 8.25%
Debentures | -4% ₹27 Cr 2,500 Bajaj Finance Limited
Debentures | -4% ₹27 Cr 2,500 National Bank For Agriculture And Rural Development
Debentures | -3% ₹26 Cr 2,500 Bajaj Finance Ltd. 8.1167%
Debentures | -3% ₹26 Cr 2,500
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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