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4 star

ICICI Prudential Corporate Bond Fund


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

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 7.35 -0.05 0.42 2.23 5.89 7.11 11.56 8.59 8.73 8.80 --
VR Bond 5.53 -0.07 0.27 0.85 3.24 5.52 7.02 7.03 7.57 7.59 --
Debt: Corporate Bond 7.23 -0.06 0.38 2.17 5.75 6.96 11.16 7.66 8.10 8.26 --
Rank within category 11 8 8 8 10 11 11 5 5 3 --
Number of funds in category 20 20 20 20 20 20 20 14 13 10 8

As on 14-Jul-2020

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  | Invest Now
4 star
Jun-09 11.56 8.59 8.73 0.59 15,799
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 12.15 9.10 9.18 0.45 20,061
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 12.09 9.13 9.23 0.50 18,360
Kotak Corporate Bond Fund - Standard Plan  | Invest Online
5 star
Sep-07 10.57 8.68 8.66 0.60 4,607
L&T Triple Ace Bond Fund  | Invest Online
4 star
Mar-97 13.14 9.94 9.01 0.62 3,871

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.01 (24-Mar-2020 - 31-Mar-2020) -1.49 (12-Mar-2020 - 19-Mar-2020)
Month 3.10 (24-Mar-2020 - 23-Apr-2020) -1.73 (20-Feb-2020 - 23-Mar-2020)
Quarter 6.02 (26-Mar-2020 - 25-Jun-2020) -6.82 (04-Jan-2011 - 05-Apr-2011)
Year 11.69 (11-Jul-2019 - 10-Jul-2020) -2.97 (05-Apr-2010 - 05-Apr-2011)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.09 1.70 1.64 3.28 0.57 1.98
VR Bond 6.73 1.95 0.74 1.57 -- --
Debt: Corporate Bond 7.28 2.75 1.07 2.18 0.63 1.08
Rank within category 5 3 3 3 6 4
Number of funds in category 14 14 14 14 14 14

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 188 193 124 73
Modified Duration (yrs) 2.72 2.72 1.69 2.87
Average Maturity (yrs) 3.60 3.60 2.26 3.66
Yield to Maturity (%) 5.53 7.37 5.53 6.48

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.57% GOI 17/06/2033 GOI Securities SOV 0.48 - 9.29 4.08
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 3.94 3.94
equal 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 3.63 2.98
up 7.59% GOI 2026 GOI Securities SOV 0.00 - 2.92 2.92
up 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 3.77 2.74
up 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 2.70 2.70
down 6.45% GOI 2029 GOI Securities SOV 0.00 - 4.85 2.46
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 1.66 - 3.03 2.43
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 2.41 2.41
equal 7.65% Sikka Ports and Terminals 22/03/2023 Non Convertible Debenture AAA 0.00 - 2.18 1.79
equal 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 2.34 1.78
new 8.15% GOI 24/11/2026 Central Government Loan SOV 0.00 - 1.68 1.68
new 5.79% GOI 2030 GOI Securities SOV 0.00 - 1.67 1.67
equal 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 1.66 - 2.59 1.66
equal 8.65% Tata Capital Financial Services 26/03/2021 Bonds/NCDs AAA 1.62 - 3.24 1.62
up 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 1.70 1.56
equal 6.78% Mahindra & Mahindra 24/04/2023 Non Convertible Debenture AAA 0.00 - 2.11 1.32
equal 7.68% Power Finance Corp. 15/07/2030 Non Convertible Debenture AAA 0.00 - 1.57 1.31
equal 7.49% HDB Financial Services 18/11/2021 Bonds/NCDs AAA 0.00 - 2.19 1.30
down 5.80% National Housing Bank 15/05/2023 Debenture AAA 0.00 - 1.99 1.29
equal 7.10% HDFC Credila Financial Services 25/02/2022 Non Convertible Debenture AAA 0.00 - 1.69 1.28
new 6.55% M&M Financial Services 28/06/2022 Debenture AAA 0.00 - 1.27 1.27
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 1.21 - 1.95 1.21
up 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 1.19 1.15
up 6.43% Chennai Petroleum Corp. 28/02/2023 Non Convertible Debenture AAA 0.00 - 1.28 1.12

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 30-Jun-2020

Fund Manager

— Anuj Tagra since 03-Mar-2020

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.

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:


-0.05%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 21.9367

Dividend Weekly: ₹ 10.2992

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Dividend Quarterly: ₹ 10.8273

Dividend Monthly: ₹ 10.4022

Dividend Half Yearly: ₹ 13.2056

Dividend Fortnightly: ₹ 10.3282

Dividend Daily: ₹ 10.3100


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 (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 12-Jun-2009
Return Since Launch: 8.83%
Benchmark: CRISIL AAA ST Bond Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 15,799 Cr (As on 30-Jun-2020)
Expense: 0.59% (As on 30-Jun-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily13-Jul-20200.0057

 09-Jul-20200.0047
 08-Jul-20200.0025
 07-Jul-20200.0032
 06-Jul-20200.0070
 03-Jul-20200.0069
 02-Jul-20200.0023
 01-Jul-20200.0102
 30-Jun-20200.0035
 29-Jun-20200.0074
 26-Jun-20200.0070
 25-Jun-20200.0037
 24-Jun-20200.0297
 23-Jun-20200.0017
 22-Jun-20200.0146
 19-Jun-20200.0041
 18-Jun-20200.0072
 17-Jun-20200.0063
 16-Jun-20200.0032
 15-Jun-20200.0057
 12-Jun-20200.0056
 11-Jun-20200.0054
 10-Jun-20200.0050
 09-Jun-20200.0107
 08-Jun-20200.0105
Dividend Weekly13-Jul-20200.0678

 06-Jul-20200.0496
 29-Jun-20200.0417
 22-Jun-20200.0662
 15-Jun-20200.0320
 08-Jun-20200.0132
 26-May-20200.0873
 18-May-20200.0565
 11-May-20200.0422
 04-May-20200.0232
 27-Apr-20200.0029
 20-Apr-20200.0557
 09-Mar-20200.0161
 24-Feb-20200.0036
 17-Feb-20200.0184
 10-Feb-20200.0392
 03-Feb-20200.0144
 27-Jan-20200.0194
 20-Jan-20200.0106
 13-Jan-20200.0107
 06-Jan-20200.0138
 30-Dec-20190.0068
 23-Dec-20190.0154
 02-Dec-20190.0142
 25-Nov-20190.0130
Dividend Fortnightly30-Jun-20200.1151

 15-Jun-20200.0452
 29-May-20200.1004
 15-May-20200.1061
 30-Apr-20200.0823
 27-Feb-20200.0071
 14-Feb-20200.0663
 30-Jan-20200.0313
 15-Jan-20200.0239
 30-Dec-20190.0277
 28-Nov-20190.0279
 15-Nov-20190.0384
 29-Oct-20190.0371
 15-Oct-20190.0370
 16-Sep-20190.0285
 29-Aug-20190.0332
 16-Aug-20190.0272
 30-Jul-20190.0220
 15-Jul-20190.0756
 27-Jun-20190.0146
 14-Jun-20190.0245
 30-May-20190.0648
 15-May-20190.0202
 30-Apr-20190.0108
 15-Apr-20190.0205
Dividend Monthly30-Jun-20200.1452

 29-May-20200.2087
 30-Apr-20200.0827
 27-Feb-20200.0738
 30-Jan-20200.0557
 30-Dec-20190.0279
 28-Nov-20190.0668
 29-Oct-20190.0788
 27-Sep-20190.0246
 29-Aug-20190.0609
 30-Jul-20190.0983
 27-Jun-20190.0400
 28-May-20190.0900
 26-Apr-20190.0364
 26-Mar-20190.0885
 26-Feb-20190.0373
 28-Jan-20190.0567
 28-Dec-20180.0534
 29-Nov-20180.0692
 29-Oct-20180.0447
 28-Sep-20180.0090
 30-Aug-20180.0412
 30-Jul-20180.0606
 27-Jun-20180.0390
 30-May-20180.0189
Dividend Quarterly26-Jun-20200.6066

 24-Mar-20200.0823
 24-Dec-20190.1503
 24-Sep-20190.1898
 24-Jun-20190.1740
 22-Mar-20190.1654
 24-Dec-20180.1642
 26-Sep-20180.1047
 27-Jun-20180.0349
 27-Mar-20180.1081
 27-Dec-20170.0617
 28-Sep-20170.1225
 30-Jun-20170.1528
 31-Mar-20170.1071
 29-Dec-20160.1507
 29-Sep-20160.2123
 29-Jun-20160.1702
 29-Mar-20160.1508
 29-Dec-20150.1439
 28-Sep-20150.1486
 26-Jun-20150.1613
 26-Mar-20150.1499
 26-Dec-20140.1746
 25-Sep-20140.0923
 24-Jul-20140.1673
Dividend Half Yearly20-Feb-20200.4184

 19-Aug-20190.4886
 18-Feb-20190.3308
 16-Aug-20180.0004
 16-Feb-20180.0004
 16-Aug-20170.0004
 16-Feb-20170.0004
 16-Aug-20160.0004
 15-Feb-20160.0004

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: http://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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