July 21, 2023
mayank
PGIM India Corporate Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance
NAV Growth: Rs 41.1990
NAV IDCW Yearly: Rs 15.9266
Quarterly NAV IDCW: Rs 13.0301
NAV IDCW Monthly: Rs 15.0859
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 seek to generate income and capital appreciation by predominantly investing in AA+ and above rated corporate bonds.
Fund Manager:
1) Bhupesh Kalyani
Education: Mr. Kalyani is a CA, ICWA and CISA.
Experience: Prior to joining PGIM India Mutual Fund, he was associated with IDBI AMC, LIC Mutual Fund, Edelweiss Mutual Fund, Tata Mutual Fund and Star Union Dai-ichi life Insurance C.o. Ltd.
2) Puneet Pal
Education: Mr. Pal is a B.Com (H) and MBA from SIBM Pune.
Experience: Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of PGIM India Corporate Bond Fund
| Fund House | PGIM India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.54% |
| Benchmark | CRISIL Corporate Bond B-III Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 47 Cr |
| (As on 30-Jun-2023) | |
| Expense | 0.25% |
| (As on 30-Jun-2023) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
PGIM India Corporate Bond Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| PGIM Ind Corp Bond Dir | 4.42 | 0.02 | 0.52 | 1.98 | 4.01 | 6.76 | 5.38 | 7.25 | 7.03 | 7.67 |
| VR Bond | 4.26 | -0.02 | 0.41 | 1.95 | 3.71 | 7.93 | 4.00 | 6.01 | 5.84 | 6.65 |
| Debt: Corporate Bond | 4.26 | 0.02 | 0.54 | 1.90 | 3.86 | 7.00 | 4.89 | 7.13 | 7.13 | 7.85 |
| Rank within category | 8 | 12 | 13 | 9 | 8 | 13 | 5 | 8 | 10 | 7 |
| Number of funds in category | 21 | 22 | 22 | 22 | 21 | 21 | 19 | 15 | 13 | 10 |
PGIM India Corporate Bond Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| PGIM Ind Corp Bond Dir | 4 star | 6.76 | 5.38 | 7.25 | 0.25 | 47 | 7.54 | — | 10Y 6M |
| ICICI Pru Corp Bond Dir | 5 star | 8.05 | 5.56 | 7.64 | 0.32 | 21,926 | 8.23 | — | 10Y 6M |
| ABSL Corp Bond Dir | 4 star | 7.40 | 5.36 | 7.72 | 0.31 | 17,608 | 8.24 | — | 10Y 6M |
| Axis Corp Debt Dir | 5 star | 7.43 | 5.61 | 7.34 | 0.24 | 4,814 | 7.41 | — | 6Y |
| Nippon Ind Corp Bond Dir | 5 star | 7.76 | 6.08 | 7.22 | 0.34 | 2,438 | 7.97 | — | 10Y 6M |
Portfolio Breakup of PGIM India Corporate Bond Fund
| Fund | Category | |
| Number of Securities | 12 | 67 |
| Modified Duration (yrs) | 2.17 | 2.53 |
| Average Maturity (yrs) | 2.69 | 3.48 |
| Yield to Maturity (%) | 7.36 | 7.53 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For PGIM India Corporate Bond Fund
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