July 7, 2022
mayank
ICICI Prudential Corporate Bond Fund Guidance
NAV Growth : Rs 24.6937
NAV IDCW Weekly : Rs 10.2468
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 through investing predominantly in AA+ and above rated corporate bonds while maintaining the optimum balance of yield, safety and liquidity.
Fund Manager :
— Anuj Tagra
Education : Mr. Anuj Tagra is a graduate of Guru Gobind Singh Indraprastha University and an MBA from Narsee Monjee Institute of Management Studies
Experience : Prior to joining ICICI Prudential AMC he has worked with Union Bank of India and Fidelity Investments.
— Chandni Gupta
Education : She holds B.E. degree in IT and CFA degree from CFA Institute, USA.
Experience : Prior to joining ICICI Prudential Asset Management Company Limited she has worked with Morgan Stanley Investment Management, HSBC Bank, Standard Chartered Mutual Fund.
— Rahul Goswami
Education : Mr. Goswami is a B. Sc (Mathematics and MBA (Finance)
Experience : Prior to joining ICICI Prudential AMC he has worked with UTI Bank Ltd. and Franklin Templeton Asset Management Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | — |
| Min. Balance (Rs) | — |
| Lock-in Period | Not Applicable |
| Exit Load | 0 |
Basic Details
| Fund House: | ICICI Prudential Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 8.26% |
| Benchmark: | CRISIL Corporate Bond Fund BII Index |
| Riskometer: | Low to Moderate |
| Type: | Open-ended |
| Assets: | Rs 15,110 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 0.27% |
| (As on 31-May-2022) | |
| Risk Grade: | Below Average |
| Return Grade: | Above Average |
ICICI Prudential Corporate Bond Fund Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| ICICI Pru Corporate Bond Direct-G | 1.19 | 0.12 | 0.44 | 0.47 | 0.46 | 1.32 | 3.69 | 6.99 | 7.14 | 7.74 | — |
| VR Bond | -0.1 | -0.03 | 0.15 | 0.54 | -0.41 | 0.03 | 2.12 | 3.99 | 5.12 | 6 | — |
| Debt: Corporate Bond | 0.65 | 0.15 | 0.45 | 0.75 | -0.36 | 0.73 | 3.05 | 6.63 | 6.77 | 7.51 | — |
| Rank within category | 5 | 17 | 8 | 22 | 1 | 4 | 4 | 5 | 6 | 5 | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 21 | 19 | 13 | 12 | 0 |
ICICI Prudential Corporate Bond Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential Corporate Bond Fund | 4 star | Jan-13 | 3.69 | 6.99 | 7.14 | 0.27% | 15,110 |
| Aditya Birla Sun Life Corporate Bond Fund | 5 star | Jan-13 | 3.51 | 7.14 | 7.35 | 0.30% | 13,326 |
| Kotak Corporate Bond Fund – Standard Plan | 4 star | Jan-13 | 3.58 | 6.59 | 7.15 | 0.29% | 8,902 |
| Axis Corporate Debt Fund | 5 star | Jul-17 | 3.84 | 7.75 | — | 0.25% | 3,520 |
| Nippon India Corporate Bond Fund | 5 star | Jan-13 | 4.15 | 6.88 | 6.99 | 0.27% | 2,019 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 102 | 217 | 99 | 68 |
| Modified Duration (yrs) | 1.14 | 2.84 | 1.14 | — |
| Average Maturity (yrs) | 4.44 | 6.59 | 4.22 | — |
| Yield to Maturity (%) | 6.4 | 6.4 | 4.97 | — |
| Avg Credit Rating | AAA | — | — | — |
ICICI Prudential Corporate Bond Fund Guidance by Chanakya :
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