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HDFC Corporate Bond Fund


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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 9.48 0.12 1.09 10.20 7.47 8.39 --
VR Bond 6.71 -0.12 0.36 7.30 5.80 6.98 --
Debt: Corporate Bond 5.06 0.23 1.52 5.77 5.04 6.51 --
Rank within category 6 16 19 6 4 1 --
Number of funds in category 19 21 21 19 15 14 7

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 3.18 (20-Aug-2013 - 19-Sep-2013) -2.39 (24-Jun-2013 - 24-Jul-2013)
Quarter 4.62 (19-Aug-2013 - 18-Nov-2013) -3.93 (20-May-2013 - 19-Aug-2013)
Year 13.16 (19-Aug-2013 - 19-Aug-2014) 3.65 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.28 1.95 0.77 1.28 0.71 1.60
VR Bond 5.65 2.30 -0.06 -0.09 -- --
Debt: Corporate Bond 5.01 4.11 0.33 0.65 0.48 -0.70
Rank within category 3 8 5 4 12 3
Number of funds in category 15 15 15 15 15 15

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

As on 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 113 135 111 63
Modified Duration (yrs) 3.09 3.12 2.02 2.34
Average Maturity (yrs) 4.17 4.27 2.69 3.14
Yield to Maturity (%) 7.10 8.56 7.10 7.07

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.59% GOI 2026 GOI Securities SOV 0.00 - 5.10 5.10
equal 8.95% Reliance Industries 2028 Debenture AAA 3.99 - 4.71 4.32
equal 8.79% LIC Housing Fin. 2024 Non Convertible Debenture AAA 0.00 - 4.34 4.23
up 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 4.50 4.07
equal 8.33% LIC Housing Fin. 31/05/2024 Non Convertible Debenture AAA 0.00 - 3.41 3.33
equal 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 0.00 - 3.41 3.18
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 2.92 2.80
equal 8.32% Reliance Jio Infocomm 2021 Debenture AAA 1.96 - 2.31 2.24
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 2.01 - 2.36 2.17
equal 8.24% Power Grid Corporation 14/02/2029 Debenture AAA 0.00 - 2.23 2.17
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 0.00 - 2.17 2.11
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 3.40 2.08
equal 1.50% HDFC 18/06/2020 Debenture AAA 1.92 - 2.33 2.03
down 6.79% GOI 26/12/2029 GOI Securities SOV 0.00 - 2.51 2.02
equal HDB Financial Services 20/03/2020 Zero Coupon Bonds AAA 1.76 - 2.26 1.91
equal 7.65% M&M Financial Services 22/06/2020 Debenture AAA 1.68 - 1.99 1.79
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 1.85 1.77
equal 8.55% Bank of Baroda 14/02/2029 Non Convertible Debenture AAA 0.00 - 1.73 1.68
equal 6.70% IRFC 24/11/2021 Bonds/NCDs AAA 1.53 - 1.79 1.65
equal 8.15% REC 2022 Non Convertible Debenture AAA 0.00 - 1.50 1.46
equal 9.95% Food Corporation of India 2022 Bonds AAA 1.32 - 2.42 1.41
equal 8.55% IRFC 21/02/2029 Non Convertible Debenture AAA 0.00 - 1.34 1.30
equal 9.30% Export-Import Bank 2022 Bonds AAA 1.19 - 1.45 1.28
equal 8.90% Indiabulls Housing Finance 26/09/2021 Bonds AA+ 0.00 - 1.32 1.21
equal 8.30% REC 25/03/2029 Non Convertible Debenture AAA 0.00 - 1.24 1.20

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-Nov-2019

Fund Manager

— Anupam Joshi since 27-Oct-2015

Education: Mr. Joshi is a PGDM in Business Management.

Experience: Prior to joining HDFC Mutual Fund he has worked with IDFC AMC, Principal Asset Management Company and ICAP India Pvt. Ltd.

Funds Managed:


-0.05%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 22.1347

Dividend Quarterly: ₹ 10.4288

Dividend: ₹ 15.0548


Investment Strategy

The scheme seeks to generate income/capital appreciation through investments predominantly in AA+ and above rated corporate bonds.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 29-Jun-2010
Benchmark: NIFTY Corporate Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 12,341 Cr (As on 30-Nov-2019)
Expense: 0.45% (As on 30-Nov-2019)
Risk Grade: Average
Return Grade: High
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly25-Sep-20190.1642

 25-Jun-20190.1318
 25-Mar-20190.1952
 26-Dec-20180.2431
 25-Sep-20180.0731
 25-Jun-20180.0468
 26-Mar-20180.0982
 26-Dec-20170.0877
 25-Sep-20170.1769
 27-Jun-20170.1415
 27-Mar-20170.1592
 26-Dec-20160.1494
 26-Sep-20160.1581
 27-Jun-20160.1698
 28-Mar-20160.1462
 28-Dec-20150.1529
 28-Sep-20150.1618
 25-Jun-20150.1599
 25-Mar-20150.1581
 26-Dec-20140.1654

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate Mumbai - 400020

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

Fax: 022-22821144

Website: www.hdfcfund.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

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM