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ICICI Prudential Corporate Bond Fund

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Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.10 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 0.40 0.04 0.13 0.88 2.09 4.16 9.80 7.38 8.19 8.42 --
Debt: Corporate Bond 0.38 0.03 0.09 0.84 1.98 3.85 7.99 6.34 7.33 7.81 --
Rank within category 11 8 3 7 7 10 7 5 5 3 --
Number of funds in category 20 20 20 20 20 20 18 14 13 9 6

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 1.84 (26-Oct-2016 - 25-Nov-2016) -0.78 (25-Nov-2016 - 27-Dec-2016)
Quarter 3.55 (25-Aug-2016 - 24-Nov-2016) -6.82 (04-Jan-2011 - 05-Apr-2011)
Year 11.04 (24-Nov-2015 - 24-Nov-2016) -2.97 (05-Apr-2010 - 05-Apr-2011)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.28 1.45 1.07 1.91 0.52 1.35
Debt: Corporate Bond 6.35 2.59 0.59 1.09 0.61 0.40
Rank within category 5 5 3 3 6 5
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 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 163 171 72 67
Modified Duration (yrs) 1.75 1.97 1.25 2.27
Average Maturity (yrs) 2.40 2.76 1.57 2.91
Yield to Maturity (%) 6.96 8.40 6.80 7.20

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 0.00 - 4.68 4.08
up 8.33% GOI 2026 Central Government Loan SOV 0.00 - 2.56 2.56
down 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 1.98 - 4.46 2.35
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.00 - 2.50 2.32
equal 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 0.00 - 2.59 2.22
equal 8.65% Tata Capital Financial Services 26/03/2021 Bonds/NCDs AAA 0.00 - 4.63 2.22
equal 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 0.00 - 2.06 2.01
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 2.05 2.00
up 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 1.80 1.80
up 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.00 - 1.80 1.80
equal 7.49% HDB Financial Services 18/11/2021 Bonds/NCDs AAA 0.00 - 2.19 1.77
equal 8.70% Reliance Jio Infocomm 18/07/2021 Debenture AAA 1.45 - 3.95 1.45
up 9.10% India Grid Trust 2022 Debenture AAA 0.00 - 1.38 1.38
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 2.13 1.35
equal 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 0.00 - 2.26 1.34
equal 8.62% HDFC 15/10/2020 Debenture AAA 0.00 - 1.69 1.34
equal 9.45% John Deere Financial India 2022 Non Convertible Debenture AAA 1.34 - 3.71 1.34
down 7.50% Power Finance Corp. 17/09/2020 Bonds AAA 1.33 - 3.53 1.33
equal 8.02% National Housing Bank 31/01/2022 Debenture AAA 1.33 - 3.71 1.33
equal 8.36% Power Finance Corp. 2020 Bonds AAA 1.23 - 3.15 1.23
equal 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 1.24 1.15
new 6.18% GOI 2024 GOI Securities SOV 0.00 - 1.13 1.13
equal 8.95% Reliance Jio Infocomm 15/09/2020 Debenture AAA 1.12 - 3.11 1.12
equal 8.84% Kotak Mahindra Investments 18/03/2021 Non Convertible Debenture AAA 0.00 - 2.33 1.12
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 1.19 1.11

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-Dec-2019

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:

Invest Now
0.04%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 20.5147

Dividend Weekly: ₹ 10.3136

More

Dividend Quarterly: ₹ 10.8141

Dividend Monthly: ₹ 10.3243

Dividend Half Yearly: ₹ 12.9231

Dividend Fortnightly: ₹ 10.2341

Dividend Daily: ₹ 10.1835

Bonus: ₹ 14.6682

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: 8.52%
Benchmark: CRISIL Medium Term Corporate Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 11,339 Cr (As on 31-Dec-2019)
Expense: 0.56% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily17-Jan-20200.0014

 16-Jan-20200.0020
 15-Jan-20200.0027
 13-Jan-20200.0060
 09-Jan-20200.0013
 08-Jan-20200.0015
 07-Jan-20200.0071
 03-Jan-20200.0014
 02-Jan-20200.0035
 01-Jan-20200.0014
 31-Dec-20190.0021
 30-Dec-20190.0045
 27-Dec-20190.0022
 26-Dec-20190.0046
 23-Dec-20190.0045
 20-Dec-20190.0018
 19-Dec-20190.0016
 18-Dec-20190.0011
 17-Dec-20190.0006
 16-Dec-20190.0080
 09-Dec-20190.0067
 04-Dec-20190.0015
 03-Dec-20190.0016
 02-Dec-20190.0043
 29-Nov-20190.0026
Dividend Fortnightly15-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
 28-Mar-20190.0408
 15-Mar-20190.0611
 27-Feb-20190.0050
 15-Feb-20190.0272
 30-Jan-20190.0167
 15-Jan-20190.0403
 28-Dec-20180.0380
 13-Dec-20180.0150
Dividend Weekly13-Jan-20200.0107

 06-Jan-20200.0138
 30-Dec-20190.0068
 23-Dec-20190.0154
 02-Dec-20190.0142
 25-Nov-20190.0130
 18-Nov-20190.0219
 11-Nov-20190.0008
 04-Nov-20190.0225
 29-Oct-20190.0174
 22-Oct-20190.0224
 14-Oct-20190.0112
 07-Oct-20190.0197
 30-Sep-20190.0038
 16-Sep-20190.0034
 09-Sep-20190.0131
 03-Sep-20190.0138
 26-Aug-20190.0279
 19-Aug-20190.0019
 13-Aug-20190.0149
 05-Aug-20190.0202
 29-Jul-20190.0072
 22-Jul-20190.0091
 15-Jul-20190.0260
 08-Jul-20190.0452
Dividend Monthly30-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
 26-Apr-20180.0091
 23-Mar-20180.0579
 23-Feb-20180.0264
 25-Jan-20180.0251
 27-Dec-20170.0010
Dividend Quarterly24-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
 24-Apr-20140.1663
 24-Jan-20140.1520
Dividend Half Yearly19-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: 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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