February 13, 2024
mayank
Bandhan Corporate Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 17.6547
Yearly NAV IDCW: Rs 10.7973
NAV IDCW Quarterly: Rs 10.4940
NAV IDCW: Rs 11.7128
Suitable For Which Investors?
“Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The Fund seeks to provide steady income and capital appreciation by investing primarily in AA+ and above rated corporate debt securities across maturities.
Fund Manager:
1) Gautam Kaul
Education: Mr. Kaul is a B.Com (H) and MBA (Finance).
Experience: Prior to joining Bandhan Mutual Fund(formerly IDFC Mutual Fund), he has worked with Edelweiss AMC, Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd.
2) Suyash Choudhary
Education: Mr. Choudhary is a B.A (H) Economics from Delhi University and PGDM from IIM Calcutta.
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with HSBC Asset Management (India) Pvt. Ltd., Standard Chartered Asset Management Co. Pvt. Ltd. and Deutsche Bank.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Bandhan Corporate Bond Fund
| Fund House | Bandhan Mutual Fund |
| Launch Date | 12-Jan-16 |
| Return Since Launch | 7.28% |
| Benchmark | NIFTY Corporate Bond Index B-III |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 13,917 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.32% |
| (As on 31-Jan-2024) | |
| Risk Grade | Average |
| Return Grade | Average |
Trailing Returns (%) of Bandhan Corporate Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Corporate Bond Dir | 0.87 | 0.05 | 0.57 | 1.79 | 3.48 | 7.31 | 5.23 | 6.84 | 6.79 | — |
| VR Bond | 1.65 | 0.02 | 1.37 | 2.95 | 4.22 | 7.87 | 5.03 | 5.83 | 5.85 | — |
| Debt: Corporate Bond | 0.99 | 0.04 | 0.75 | 2.09 | 3.58 | 7.45 | 5.38 | 6.99 | 6.90 | — |
| Rank within category | 19 | 4 | 22 | 22 | 17 | 14 | 14 | 14 | 10 | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 19 | 18 | 13 | 11 |
Peer Comparison of Bandhan Corporate Bond Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Bandhan Corporate Bond Dir | 3 star | 7.31 | 5.23 | 6.84 | 0.32 | 13,917 | 7.28 | — | 8Y 1M |
| ICICI Pru Corporate Bond Dir | 5 star | 7.97 | 6.02 | 7.55 | 0.32 | 23,762 | 8.18 | — | 11Y 1M |
| ABSL Corporate Bond Dir | 4 star | 7.86 | 5.85 | 7.52 | 0.33 | 20,838 | 8.19 | — | 11Y 1M |
| Axis Corporate Debt Dir | 4 star | 7.87 | 5.89 | 7.08 | 0.30 | 5,289 | 7.38 | — | 6Y 7M |
| Nippon India Corporate Bond Dir | 5 star | 7.88 | 6.24 | 7.07 | 0.34 | 2,648 | 7.92 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 73 | 66 |
| Macaulay Duration (yrs) | 0.16 | 3.04 |
| Average Maturity (yrs) | 0.16 | 4.09 |
| Yield to Maturity (%) | 7.51 | 7.70 |
| Avg Credit Rating | AAA | — |
How to Invest in Bandhan Corporate Bond Fund?
Chanakya’s Mutual Fund Guidance For Bandhan Corporate Bond Fund
Apply Online: https://bandhanmutual.com/mutual-funds
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Quicklinks
https://sahifund.com/aditya-birla-sun-life-corporate-bond-fund/