April 1, 2024
mayank
HDFC Corporate Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 29.8835
Quarterly NAV IDCW: Rs 10.1413
NAV IDCW: Rs 18.3104
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 scheme seeks to generate income/capital appreciation through investments predominantly in AA+ and above rated corporate bonds.
Fund Manager:
1) Anupam Joshi
Education: Mr. Joshi is a PGDM in Business Management.
Experience: Prior to joining HDFC Mutual Fund he has worked with IDFC AMC, Principal Asset Management Company and ICAP India Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | HDFC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.09% |
| Benchmark | NIFTY Corporate Bond Index B-III |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 28,269 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.35% |
| (As on 29-Feb-2024) | |
| Risk Grade | Above Average |
| Return Grade | Above Average |
Trailing Returns (%) of HDFC Corporate Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HDFC Corporate Bond Dir | 2.31 | 0.05 | 0.76 | 2.31 | 3.89 | 8.20 | 5.86 | 7.36 | 7.35 | 8.09 |
| VR Bond | 2.69 | 0.17 | 0.62 | 2.69 | 4.43 | 7.86 | 5.30 | 5.82 | 5.89 | 6.78 |
| Debt: Corporate Bond | 2.13 | 0.05 | 0.72 | 2.13 | 3.85 | 7.63 | 5.50 | 6.71 | 6.93 | 7.82 |
| Rank within category | 3 | 5 | 4 | 3 | 9 | 2 | 5 | 4 | 3 | 4 |
| Number of funds in category | 20 | 20 | 20 | 20 | 20 | 20 | 19 | 18 | 13 | 11 |
Peer Comparison of HDFC 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 | |
| HDFC Corporate Bond Dir | 3 star | 8.20 | 5.86 | 7.36 | 0.35 | 28,269 | 8.09 | — | 11Y 3M |
| ICICI Pru Corporate Bond Dir | 5 star | 8.14 | 6.18 | 7.42 | 0.32 | 26,051 | 8.19 | — | 11Y 3M |
| ABSL Corporate Bond Dir | 4 star | 7.99 | 5.98 | 7.42 | 0.33 | 21,535 | 8.20 | — | 11Y 3M |
| Axis Corporate Debt Dir | 4 star | 8.02 | 6.03 | 6.92 | 0.30 | 5,242 | 7.42 | — | 6Y 8M |
| Nippon India Corporate Bond Dir | 5 star | 8.22 | 6.34 | 7.04 | 0.34 | 2,613 | 7.94 | — | 11Y 3M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 215 | 66 |
| Macaulay Duration (yrs) | 3.07 | 2.98 |
| Average Maturity (yrs) | 5.06 | 3.94 |
| Yield to Maturity (%) | 7.76 | 7.64 |
| Avg Credit Rating | AAA | — |
How to Invest in HDFC Corporate Bond Fund?
Chanakya’s Mutual Fund Guidance For HDFC Corporate Bond Fund
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