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Unrated

ICICI Prudential Corporate Bond Fund - Retail Plan


1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.66 -0.01 0.10 1.21 2.32 4.81 10.56 7.83 8.34 8.52 8.21
VR Bond 1.75 0.07 0.37 1.53 2.32 3.35 8.96 6.97 7.16 7.54 7.44
Debt: Corporate Bond 1.97 -0.01 0.10 1.52 2.38 4.76 9.15 7.02 7.55 8.00 7.97

As on 20-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.81 (09-Nov-2016 - 16-Nov-2016) -0.73 (09-Jul-2013 - 16-Jul-2013)
Month 1.84 (26-Oct-2016 - 25-Nov-2016) -0.79 (25-Nov-2016 - 27-Dec-2016)
Quarter 3.55 (25-Aug-2016 - 24-Nov-2016) 0.25 (21-May-2013 - 20-Aug-2013)
Year 10.99 (24-Nov-2015 - 24-Nov-2016) 4.09 (15-Jun-2009 - 15-Jun-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.23 1.44 1.08 1.92 0.52 1.37
VR Bond 6.03 2.13 0.17 0.31 -- --
Debt: Corporate Bond 6.27 2.58 0.58 1.06 0.60 0.39

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 158 178 82 68
Modified Duration (yrs) 1.69 1.97 1.45 2.48
Average Maturity (yrs) 2.26 2.76 1.94 3.19
Yield to Maturity (%) 6.76 8.40 6.76 7.19

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 4.68 4.55
up 8.33% GOI 2026 Central Government Loan SOV 0.00 - 2.56 2.46
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 1.98 - 4.46 2.21
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.00 - 2.50 2.18
equal 8.65% Tata Capital Financial Services 26/03/2021 Bonds/NCDs AAA 0.00 - 4.63 2.10
equal 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 0.00 - 2.59 2.10
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 1.93 1.93
up 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.00 - 1.90 1.90
equal 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 0.00 - 2.06 1.89
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 1.80 1.70
new 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 1.67 1.67
equal 7.49% HDB Financial Services 18/11/2021 Bonds/NCDs AAA 0.00 - 2.19 1.67
up 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 2.13 1.48
equal 8.70% Reliance Jio Infocomm 18/07/2021 Debenture AAA 1.36 - 3.53 1.36
equal 9.10% India Grid Trust 2022 Debenture AAA 0.00 - 1.38 1.30
equal 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 0.00 - 2.26 1.26
equal 9.45% John Deere Financial India 2022 Non Convertible Debenture AAA 1.26 - 3.31 1.26
equal 8.62% HDFC 15/10/2020 Debenture AAA 0.00 - 1.69 1.26
equal 7.50% Power Finance Corp. 17/09/2020 Bonds AAA 1.25 - 3.16 1.25
equal 8.02% National Housing Bank 31/01/2022 Debenture AAA 1.24 - 3.32 1.24
new Axis Bank 13/01/2021 Certificate of Deposit A1+ 0.00 - 1.17 1.17
equal 8.36% Power Finance Corp. 2020 Bonds AAA 1.16 - 2.82 1.16
equal 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 1.24 1.08
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 1.13 1.07
equal 8.84% Kotak Mahindra Investments 18/03/2021 Non Convertible Debenture AAA 0.00 - 2.33 1.06

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-2020

Fund Manager

— Chandni Gupta since 03-Aug-2016

Education: She holds B.E. degree in IT and CFA degree from CFA Institute, USA.

Experience: She is working with ICICI since October 2012 as Fixed Income Dealer. Prior to that, she has worked with Morgan Stanley, HSBC Bank and Standard Chartered Mutual Fund

Funds Managed:

— Rahul Goswami since 13-Oct-2017

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.

Funds Managed:

— Rohan Maru since 15-Jan-2015

Education: Mr. Maru is M.Com and MBA in Finance.

Experience: Prior to this, he worked with Kotak Mahindra AMC as Fixed Income Dealer and Integreon Managed Solutions as a Research Associate.

Funds Managed:


-0.01%

Change from previous, NAV as on 20-Feb-2020

Growth: ₹ 22.5918

Dividend Weekly: ₹ 10.2163

More

Dividend Quarterly: ₹ 10.9582

Dividend Monthly: ₹ 10.3156

Dividend Fortnightly: ₹ 10.2267

Dividend Daily: ₹ 10.1062


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.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1,000
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 12-Jun-2009
Return Since Launch: 7.92%
Benchmark: CRISIL Medium Term Corporate Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 12,074 Cr (As on 31-Jan-2020)
Expense: 0.57% (As on 28-Feb-2017)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily17-Feb-20200.0052

 14-Feb-20200.0034
 13-Feb-20200.0027
 11-Feb-20200.0024
 10-Feb-20200.0042
 07-Feb-20200.0014
 06-Feb-20200.0028
 05-Feb-20200.0031
 04-Feb-20200.0020
 03-Feb-20200.0050
 31-Jan-20200.0013
 30-Jan-20200.0026
 28-Jan-20200.0014
 27-Jan-20200.0041
 24-Jan-20200.0015
 23-Jan-20200.0014
 22-Jan-20200.0019
 21-Jan-20200.0023
 20-Jan-20200.0044
 17-Jan-20200.0014
 16-Jan-20200.0018
 15-Jan-20200.0027
 13-Jan-20200.0060
 09-Jan-20200.0014
 08-Jan-20200.0015
Dividend Weekly17-Feb-20200.0183

 10-Feb-20200.0389
 03-Feb-20200.0144
 27-Jan-20200.0192
 20-Jan-20200.0106
 13-Jan-20200.0106
 06-Jan-20200.0138
 30-Dec-20190.0067
 23-Dec-20190.0155
 02-Dec-20190.0142
 25-Nov-20190.0130
 18-Nov-20190.0218
 11-Nov-20190.0008
 04-Nov-20190.0224
 29-Oct-20190.0174
 22-Oct-20190.0223
 14-Oct-20190.0112
 07-Oct-20190.0197
 30-Sep-20190.0040
 16-Sep-20190.0033
 09-Sep-20190.0131
 03-Sep-20190.0138
 26-Aug-20190.0278
 19-Aug-20190.0020
 13-Aug-20190.0149
Dividend Fortnightly14-Feb-20200.0663

 30-Jan-20200.0314
 15-Jan-20200.0240
 30-Dec-20190.0279
 28-Nov-20190.0279
 15-Nov-20190.0385
 29-Oct-20190.0372
 15-Oct-20190.0371
 16-Sep-20190.0286
 29-Aug-20190.0333
 16-Aug-20190.0273
 30-Jul-20190.0220
 15-Jul-20190.0758
 27-Jun-20190.0147
 14-Jun-20190.0246
 30-May-20190.0648
 15-May-20190.0202
 30-Apr-20190.0109
 15-Apr-20190.0207
 28-Mar-20190.0408
 15-Mar-20190.0611
 27-Feb-20190.0050
 15-Feb-20190.0272
 30-Jan-20190.0166
 15-Jan-20190.0404
Dividend Monthly30-Jan-20200.0556

 30-Dec-20190.0281
 28-Nov-20190.0667
 29-Oct-20190.0787
 27-Sep-20190.0247
 29-Aug-20190.0609
 30-Jul-20190.0980
 27-Jun-20190.0401
 28-May-20190.0898
 26-Apr-20190.0365
 26-Mar-20190.0882
 26-Feb-20190.0373
 28-Jan-20190.0565
 28-Dec-20180.0532
 29-Nov-20180.0690
 29-Oct-20180.0446
 28-Sep-20180.0092
 30-Aug-20180.0412
 30-Jul-20180.0605
 27-Jun-20180.0389
 30-May-20180.0197
 26-Apr-20180.0100
 23-Mar-20180.0584
 23-Feb-20180.0268
 25-Jan-20180.0249
Dividend Quarterly24-Dec-20190.1513

 24-Sep-20190.1908
 24-Jun-20190.1750
 22-Mar-20190.1661
 24-Dec-20180.1649
 26-Sep-20180.1055
 27-Jun-20180.0370
 27-Mar-20180.1094
 27-Dec-20170.0618
 28-Sep-20170.1226
 30-Jun-20170.1528
 31-Mar-20170.1072
 29-Dec-20160.1507
 29-Sep-20160.2123
 29-Jun-20160.1703
 29-Mar-20160.1489
 29-Dec-20150.1394
 28-Sep-20150.1489
 26-Jun-20150.1616
 26-Mar-20150.1500
 26-Dec-20140.1747
 25-Sep-20140.0924
 24-Jul-20140.1674
 24-Apr-20140.1664
 24-Jan-20140.1522

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051

Phone: 022-26525000 / 1800-222-999 / 1800-200-6666

Fax: 022-26528100

Email: [email protected]

Website: www.icicipruamc.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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