ICICI Prudential Corporate Bond Fund

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Value Research Rating

5 star

Analyst’s Choice

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Riskometer

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Moderate

₹27.3504 0.03%

As on 14-Jun-2024

Returns

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Calculate SIP Returns of ICICI Prudential Corporate Bond Fund

Upfront Investment

Monthly SIP Amount

Investment Duration

years

Risk info

This fund has Moderate risk.

low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

Portfolio of ICICI Prudential Corporate Bond Fund

Asset Allocation

Split between different types of investments

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Credit Rating Weightage

Split between categories of Equity investments

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Peer Comparison

Other details of ICICI Prudential Corporate Bond Fund

Assets info

₹27,286 Cr

Exit Load (Days) info

--

Min. Investment (₹)

100

Min. Withdrawal (₹)

--

Min. SIP Investment (₹)

100

Min. No of Cheques

6

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.

Suitability

"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."

Capital Gains Taxation

  • If investment is made on or after 1 April 2023: Entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • If investment is made before 1 April 2023:
    • Sold within 3 years from the date of investment: Gains are added to the investors' income and taxed according to the applicable slab rate.
    • Sold after 3 years from the date of investment: Gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • No tax is to be paid as long as you continue to hold the units.

Dividend Taxation

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

FAQ for ICICI Prudential Corporate Bond Fund

ICICI Prudential Corporate Bond Fund is mandated to invest at least 80 per cent of its assets in high-grade corporate bonds rated AA+ and above.

Mutual funds can be bought directly from the website of the fund house. For instance, ICICI Prudential Corporate Bond Fund fund can be purchased from the website of ICICI Prudential Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.

The NAV of ICICI Prudential Corporate Bond Fund is ₹27.3504 as of 16-Jun-2024.

The AUM of ICICI Prudential Corporate Bond Fund Fund is ₹27,286 Cr as of 31-May-2024

The riskometer level of ICICI Prudential Corporate Bond Fund is Moderate. See More

Company Percentage of Portfolio

GOI Sec 7.18 14/08/2033

14.73

GOI GOI FRB 22/09/2033

8.06

National Bank For Agriculture & Rural Development SR 23H Debenture 7.58 31/07/2026

3.16

Pipeline Infrastructure (India) Pvt. Ltd SR 3 Debenture 7.96 11/03/2029

2.98

HDFC Bank Ltd SR Z006 RR Debenture 28/10/2024

2.56
See More

As of 31-May-2024, ICICI Prudential Corporate Bond Fund had invested 102.19% in Debt and -2.19% in Cash & Cash Eq. See More

ICICI Prudential Corporate Bond Fund is 15 years 0 months old. It has delivered 7.92% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
7.53%
5.95%
7.07%
7.00%
7.60%
7.92%

No, There is no lock in period in ICICI Prudential Corporate Bond Fund.

The expense ratio of ICICI Prudential Corporate Bond Fund is 0.55.

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