August 14, 2023
mayank
Tata Corporate Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 10.8058
Quarterly NAV IDCW: Rs 10.8058
Monthly NAV IDCW: Rs 10.8058
NAV IDCW: Rs 10.8058
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 returns over short to medium term by investing predominantly in corporate debt instruments.
Fund Manager:
1) Abhishek Sonthalia
Education: Mr. Sonthalia has done B. Com, Management Programme from NITIE and CFA Charter holder.
Experience: Prior to joining Tata Mutual Fund, he has worked with CRISIL Ltd. and TCS.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 150 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Tata Corporate Bond Fund
| Fund House | Tata Mutual Fund |
| Launch Date | 29-Nov-21 |
| Return Since Launch | 4.67% |
| Benchmark | CRISIL Corporate Bond B-II Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 710 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.34% |
| (As on 30-Jun-2023) | |
| Risk Grade | Above Average |
| Return Grade | Average |
Tata Corporate Bond Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Tata Corp Bond Fund Dir | 4.77 | -0.06 | 0.46 | 1.54 | 3.90 | 6.89 | — | — | — | — |
| VR Bond | 4.27 | -0.06 | 0.30 | 0.84 | 3.55 | 6.97 | — | — | — | — |
| Debt: Corporate Bond | 4.43 | -0.05 | 0.47 | 1.46 | 3.78 | 6.61 | — | — | — | — |
| Rank within category | 3 | 16 | 13 | 10 | 7 | 6 | — | — | — | — |
| Number of funds in category | 21 | 22 | 22 | 22 | 22 | 21 | 19 | 16 | 13 | 10 |
Tata 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 | |
| Tata Corp Bond Fund Dir | 3 star | 6.89 | — | — | 0.34 | 710 | 4.67 | — | 1Y 8M |
| ICICI Pru Corp Bond Dir | 5 star | 7.93 | 5.68 | 7.60 | 0.32 | 22,656 | 8.22 | — | 10Y 7M |
| ABSL Corp Bond Dir | 4 star | 7.11 | 5.47 | 7.65 | 0.31 | 17,961 | 8.22 | — | 10Y 7M |
| Axis Corp Debt Dir | 5 star | 7.04 | 5.67 | 7.27 | 0.24 | 4,898 | 7.37 | — | 6Y 1M |
| Nippon Ind Corp Bond Dir | 5 star | 7.35 | 6.07 | 7.15 | 0.34 | 2,459 | 7.94 | — | 10Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 57 | 68 |
| Macaulay Duration (yrs) | 3.06 | 2.76 |
| Average Maturity (yrs) | 4.03 | 3.59 |
| Yield to Maturity (%) | 7.78 | 7.52 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Tata Corporate Bond Fund
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