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4 star

ICICI Prudential Corporate Bond Fund - Direct Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

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.

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 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.

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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 10.33 -0.01 0.09 0.67 2.08 5.36 10.69 9.06 8.92 9.19 --
VR Bond 6.95 0.04 0.01 0.46 1.88 2.45 7.50 7.11 7.19 7.78 --
Debt: Corporate Bond 10.00 -0.01 0.11 0.79 2.24 5.03 10.10 8.25 8.37 9.13 --
Rank within category 10 11 17 17 17 14 8 7 6 6 --
Number of funds in category 20 21 21 21 20 20 20 15 13 10 0

As on 01-Dec-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 - Direct Plan  | Invest Now
4 star
Jan-13 10.69 9.06 8.92 0.28 18,906
HDFC Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 11.47 9.39 9.24 0.30 23,494
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 11.82 9.46 9.20 0.29 23,395
IDFC Corporate Bond Fund - Direct Plan
4 star
Jan-16 11.92 8.94 -- 0.27 19,345
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
5 star
Jan-13 9.76 9.14 8.86 0.32 7,286

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.01 (24-Mar-2020 - 31-Mar-2020) -1.48 (12-Mar-2020 - 19-Mar-2020)
Month 3.12 (24-Mar-2020 - 23-Apr-2020) -1.70 (20-Feb-2020 - 23-Mar-2020)
Quarter 6.10 (26-Mar-2020 - 25-Jun-2020) 0.09 (23-Dec-2019 - 23-Mar-2020)
Year 12.13 (25-Jul-2019 - 24-Jul-2020) 4.69 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.74 1.82 2.12 3.81 0.60 2.64
VR Bond 6.92 2.06 0.99 1.71 -- --
Debt: Corporate Bond 8.01 2.90 1.54 2.75 0.60 1.91
Rank within category 8 4 4 3 6 4
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-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 218 224 147 82
Modified Duration (yrs) 2.72 2.88 1.69 --
Average Maturity (yrs) 4.10 4.10 2.26 --
Yield to Maturity (%) 4.91 7.13 4.91 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 5.77% GOI 2030 GOI Securities SOV 0.00 - 8.21 8.21
down 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 7.30 5.80
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 2.84 2.84
new 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 2.65 2.65
up 8.70% HDFC 15/12/2020 Debenture AAA 0.10 - 2.63 2.63
up 6.95% Reliance Industries 14/12/2020 Debenture AAA 0.16 - 2.52 2.52
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 2.00 - 3.03 2.07
equal 7.65% Sikka Ports and Terminals 22/03/2023 Non Convertible Debenture AAA 0.00 - 2.18 1.53
new 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 1.36 1.36
new 6.80% State Bank of India 21/08/2035 Non Convertible Debenture AAA 0.00 - 1.35 1.35
new 6.22% HDFC 2021 Debenture AAA 0.00 - 1.35 1.35
equal 8.65% Tata Capital Financial Services 26/03/2021 Bonds/NCDs AAA 1.35 - 2.27 1.35
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 2.92 1.34
up 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 1.25 1.25
new 6.22% GOI 16/03/2035 GOI Securities SOV 0.00 - 1.25 1.25
up 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.51 - 1.18 1.14
equal 7.49% HDB Financial Services 18/11/2021 Bonds/NCDs AAA 1.09 - 1.81 1.09
equal 7.10% HDFC Credila Financial Services 25/02/2022 Non Convertible Debenture AAA 0.00 - 1.69 1.08
equal 6.55% M&M Financial Services 28/06/2022 Debenture AAA 0.00 - 1.34 1.08
equal 5.47% Power Finance Corp. 19/08/2023 Debenture AAA 0.00 - 1.31 1.07
new 7.25% Bajaj Finance 2020 Debenture AAA 0.00 - 1.06 1.06
equal 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 2.34 1.02
up 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 1.09 1.01
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.96 - 1.20 0.97
equal 6.43% Chennai Petroleum Corp. 28/02/2023 Non Convertible Debenture AAA 0.00 - 1.28 0.95

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-Oct-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:

— 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:


-0.01%

Change from previous, NAV as on 01-Dec-2020

Growth: ₹ 23.2677

Dividend Weekly: ₹ 10.2468

More

Dividend Quarterly: ₹ 15.1058

Dividend Monthly: ₹ 10.2198

Dividend Half Yearly: ₹ 13.0189

Dividend Fortnightly: ₹ 12.1697

Dividend Daily: ₹ 10.1758


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 (₹) 100
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 9.18%
Benchmark: CRISIL AAA ST Bond Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 18,906 Cr (As on 31-Oct-2020)
Expense: 0.28% (As on 31-Oct-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Fortnightly27-Nov-20200.0398

 17-Nov-20200.0431
 29-Oct-20200.0440
 15-Oct-20200.1178
 30-Sep-20200.0267
 15-Sep-20200.0129
 14-Aug-20200.0070
 30-Jul-20200.0103
 15-Jul-20200.0635
 30-Jun-20200.1345
 15-Jun-20200.0552
 29-May-20200.1203
 15-May-20200.1271
 30-Apr-20200.1021
 30-Mar-20200.0012
 27-Feb-20200.0094
 14-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
Dividend Monthly27-Nov-20200.0698

 29-Oct-20200.1363
 30-Sep-20200.0392
 30-Jul-20200.1254
 30-Jun-20200.1635
 29-May-20200.2101
 30-Apr-20200.0863
 30-Mar-20200.0010
 27-Feb-20200.0751
 30-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
Dividend Daily26-Nov-20200.0020

 25-Nov-20200.0026
 24-Nov-20200.0029
 23-Nov-20200.0054
 20-Nov-20200.0022
 19-Nov-20200.0016
 18-Nov-20200.0023
 17-Nov-20200.0050
 11-Nov-20200.0075
 06-Nov-20200.0018
 05-Nov-20200.0029
 04-Nov-20200.0033
 02-Nov-20200.0088
 26-Oct-20200.0065
 23-Oct-20200.0005
 22-Oct-20200.0031
 21-Oct-20200.0019
 20-Oct-20200.0044
 19-Oct-20200.0144
 16-Oct-20200.0287
 15-Oct-20200.0014
 14-Oct-20200.0019
 13-Oct-20200.0027
 12-Oct-20200.0056
 09-Oct-20200.0039
Dividend Weekly23-Nov-20200.0186

 17-Nov-20200.0175
 09-Nov-20200.0131
 26-Oct-20200.0379
 19-Oct-20200.0246
 12-Oct-20200.0621
 05-Oct-20200.0196
 07-Sep-20200.0264
 03-Aug-20200.0012
 20-Jul-20200.0238
 13-Jul-20200.0541
 06-Jul-20200.0498
 29-Jun-20200.0420
 22-Jun-20200.0662
 15-Jun-20200.0324
 08-Jun-20200.0142
 26-May-20200.0873
 18-May-20200.0566
 11-May-20200.0425
 04-May-20200.0236
 27-Apr-20200.0035
 20-Apr-20200.0589
 09-Mar-20200.0169
 24-Feb-20200.0040
 17-Feb-20200.0187
Dividend Quarterly21-Sep-20200.2338

 26-Jun-20200.8493
 24-Mar-20200.0004
 24-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
Dividend Half Yearly17-Aug-20200.7645

 20-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

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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