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ICICI Prudential Corporate Bond Fund - Direct 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 1.77 -0.02 0.06 1.10 2.33 4.78 10.80 8.12 8.64 9.00 --
VR Bond 1.87 0.11 0.27 1.48 2.48 3.30 9.08 7.04 7.18 7.55 --
Debt: Corporate Bond 2.13 -0.02 0.08 1.42 2.46 4.86 9.60 7.54 8.06 8.59 --
Rank within category 17 10 11 18 10 12 11 7 4 2 --
Number of funds in category 20 20 20 20 20 20 19 14 13 8 0

As on 25-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.81 (09-Nov-2016 - 16-Nov-2016) -0.72 (09-Jul-2013 - 16-Jul-2013)
Month 1.87 (26-Oct-2016 - 25-Nov-2016) -0.76 (25-Nov-2016 - 27-Dec-2016)
Quarter 3.65 (25-Aug-2016 - 24-Nov-2016) 0.40 (06-Apr-2018 - 06-Jul-2018)
Year 11.43 (24-Nov-2015 - 24-Nov-2016) 4.69 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.50 1.44 1.27 2.23 0.52 1.64
VR Bond 6.03 2.13 0.17 0.31 -- --
Debt: Corporate Bond 6.72 2.58 0.80 1.41 0.60 0.84
Rank within category 3 5 5 3 6 3
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-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:


-0.02%

Change from previous, NAV as on 25-Feb-2020

Growth: ₹ 21.4622

Dividend Weekly: ₹ 10.2180

More

Dividend Quarterly: ₹ 14.9677

Dividend Monthly: ₹ 10.3243

Dividend Half Yearly: ₹ 12.7304

Dividend Fortnightly: ₹ 12.1054

Dividend Daily: ₹ 10.1049


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 (₹) 1
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.98%
Benchmark: CRISIL AAA ST Bond Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 12,074 Cr (As on 31-Jan-2020)
Expense: 0.25% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Feb-20200.0062

 17-Feb-20200.0054
 14-Feb-20200.0035
 13-Feb-20200.0047
 11-Feb-20200.0027
 10-Feb-20200.0052
 07-Feb-20200.0085
 06-Feb-20200.0200
 05-Feb-20200.0019
 04-Feb-20200.0031
 03-Feb-20200.0130
 31-Jan-20200.0002
 30-Jan-20200.0011
 28-Jan-20200.0003
 27-Jan-20200.0053
 24-Jan-20200.0042
 23-Jan-20200.0033
 22-Jan-20200.0038
 21-Jan-20200.0028
 20-Jan-20200.0040
 17-Jan-20200.0027
 16-Jan-20200.0036
 09-Jan-20200.0061
 08-Jan-20200.0027
 07-Jan-20200.0011
Dividend Weekly24-Feb-20200.0040

 17-Feb-20200.0187
 10-Feb-20200.0393
 03-Feb-20200.0148
 27-Jan-20200.0197
 20-Jan-20200.0109
 13-Jan-20200.0109
 06-Jan-20200.0141
 30-Dec-20190.0071
 23-Dec-20190.0166
 02-Dec-20190.0145
 25-Nov-20190.0133
 18-Nov-20190.0222
 11-Nov-20190.0012
 04-Nov-20190.0227
 29-Oct-20190.0177
 22-Oct-20190.0227
 14-Oct-20190.0115
 07-Oct-20190.0200
 30-Sep-20190.0047
 16-Sep-20190.0037
 09-Sep-20190.0134
 03-Sep-20190.0142
 26-Aug-20190.0282
 19-Aug-20190.0023
Dividend Half Yearly20-Feb-20200.4400

 19-Aug-20190.5111
 18-Feb-20190.3505
 16-Aug-20180.0004
 16-Feb-20180.0004
 16-Aug-20170.0004
 16-Feb-20170.0004
 16-Aug-20160.0004
 15-Feb-20160.0004
 13-Aug-20150.3307
 13-Feb-20150.3033
Dividend Fortnightly14-Feb-20200.0560

 30-Jan-20200.0380
 15-Jan-20200.0295
 30-Dec-20190.0350
 28-Nov-20190.0339
 15-Nov-20190.0465
 29-Oct-20190.0448
 15-Oct-20190.0457
 16-Sep-20190.0349
 29-Aug-20190.0398
 16-Aug-20190.0334
 30-Jul-20190.0270
 15-Jul-20190.0707
 27-Jun-20190.0182
 14-Jun-20190.0299
 30-May-20190.0587
 15-May-20190.0249
 30-Apr-20190.0138
 15-Apr-20190.0255
 28-Mar-20190.0328
 15-Mar-20190.0728
 27-Feb-20190.0067
 15-Feb-20190.0102
 15-Sep-20160.0308
 30-Aug-20160.0185
Dividend Monthly30-Jan-20200.0573

 30-Dec-20190.0297
 28-Nov-20190.0683
 29-Oct-20190.0804
 27-Sep-20190.0262
 29-Aug-20190.0625
 30-Jul-20190.0994
 27-Jun-20190.0416
 28-May-20190.0915
 26-Apr-20190.0382
 26-Mar-20190.0896
 26-Feb-20190.0389
 28-Jan-20190.0583
 28-Dec-20180.0548
 29-Nov-20180.0707
 29-Oct-20180.0463
 28-Sep-20180.0107
 30-Aug-20180.0429
 30-Jul-20180.0622
 27-Jun-20180.0404
 30-May-20180.0208
 26-Apr-20180.0111
 23-Mar-20180.0593
 23-Feb-20180.0282
 25-Jan-20180.0268
Dividend Quarterly24-Dec-20190.0004

 24-Sep-20190.0004
 24-Jun-20190.0004
 22-Mar-20190.0004
 24-Dec-20180.0004
 26-Sep-20180.0004
 27-Jun-20180.0004
 27-Mar-20180.0004
 27-Dec-20170.0004
 28-Sep-20170.0004
 30-Jun-20170.0004
 31-Mar-20170.0004
 29-Dec-20160.0004
 29-Sep-20160.0004
 29-Jun-20160.0004
 29-Mar-20160.1841
 29-Dec-20150.2889
 26-Jun-20150.0004
 26-Mar-20150.0004
 26-Dec-20140.0290
 25-Sep-20140.6821
 24-Jul-20140.0004
 24-Apr-20140.0004
 24-Jan-20140.1690
 24-Oct-20130.1596

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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