June 2, 2025
mayank
ICICI Prudential Corporate Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 31.2516
NAV IDCW Quarterly: Rs 15.5661
Monthly NAV IDCW: Rs 10.2210
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:
1) Manish Banthia
Education: Mr. Banthia is B.Com, CA and MBA
Experience: He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC – Fixed Income Investments – Aug 2007 to Oct 2009, ICICI Prudential AMC – New Product Development – Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. – From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. – From May 2004 to May 2005.
2) Ritesh Lunawat
Education: Mr. Lunawat is B.Com and Chartered Accountant.
Experience: He has been Working with ICICI Prudential AMC Since September 2013.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of ICICI Prudential Corporate Bond Fund
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.31% |
| Benchmark | Nifty Corporate Bond Index A-II |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 31,133 Cr |
| (As on 30-Apr-2025) | |
| Expense | 0.35% |
| (As on 31-May-2025) | |
| Risk Grade | Low |
| Return Grade | Above Average |
Trailing Returns (%) of ICICI Prudential Corporate Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru Corporate Bond Dir | 4.67 | -0.02 | 0.96 | 3.51 | 5.26 | 9.65 | 8.31 | 7.17 | 7.97 | 7.97 |
| VR Bond | 4.22 | 0.05 | 0.65 | 3.33 | 4.81 | 8.88 | 7.92 | 5.69 | 6.60 | 6.56 |
| Debt: Corporate Bond | 5.10 | -0.03 | 1.11 | 4.01 | 5.68 | 10.26 | 8.10 | 6.85 | 7.72 | 7.70 |
| Rank within category | 18 | 5 | 20 | 20 | 18 | 18 | 6 | 5 | 4 | 4 |
| Number of funds in category | 21 | 21 | 21 | 21 | 21 | 21 | 20 | 18 | 14 | 12 |
Peer Comparison of ICICI Prudential 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 | |
| ICICI Pru Corporate Bond Dir | 5 star | 9.65 | 8.31 | 7.17 | 0.35 | 31,133 | 8.31 | — | 12Y 5M |
| HDFC Corporate Bond Dir | 4 star | 10.40 | 8.44 | 7.13 | 0.36 | 32,657 | 8.28 | — | 12Y 5M |
| Kotak Corporate Bond Dir | 4 star | 10.39 | 8.17 | 7.01 | 0.34 | 15,127 | 8.17 | — | 12Y 5M |
| Nippon India Corporate Bond Dir | 4 star | 10.77 | 8.60 | 7.59 | 0.36 | 6,998 | 8.16 | — | 12Y 5M |
| Axis Corporate Bond Dir | 4 star | 10.74 | 8.50 | 7.53 | 0.33 | 6,773 | 7.83 | — | 7Y 10M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 172 | 84 |
| Macaulay Duration (yrs) | 3.08 | 3.77 |
| Average Maturity (yrs) | 4.88 | 5.18 |
| Yield to Maturity (%) | 7.02 | 6.93 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For ICICI Prudential Corporate Bond Fund
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