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5 star

ICICI Prudential Corporate Bond Fund - Direct Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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 -0.18 -0.06 0.01 -0.31 0.55 2.09 4.17 8.20 7.53 8.15 --
VR Bond -0.37 -0.06 -0.02 -0.63 0.42 1.83 2.13 5.71 5.53 6.34 --
Debt: Corporate Bond 0.01 -0.03 0.09 -0.03 0.64 1.92 4.08 7.89 7.20 7.85 --
Rank within category 19 19 19 19 17 7 10 8 5 4 --
Number of funds in category 22 22 22 22 21 21 20 17 13 12 0

As on 17-Jan-2022

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
5 star
Jan-13 4.17 8.20 7.53 0.27% 19,104
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.38 8.45 7.75 0.30% 19,392
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 4.30 7.81 7.64 0.30% 10,768
Nippon India Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.31 7.56 7.43 0.27% 3,865
DSP Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.77 7.98 -- 0.25% 2,096

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 0.08 14-Dec-2020 - 15-Mar-2021
Year 12.13 25-Jul-2019 - 24-Jul-2020 4.05 08-Jan-2021 - 10-Jan-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.16 1.79 2.47 4.88 0.63 3.16
VR Bond 5.74 2.02 1.00 1.37 -- --
Debt: Corporate Bond 7.82 2.51 1.85 3.59 0.66 2.77
Rank within category 7 3 3 4 8 5
Number of funds in category 17 17 17 17 17 17

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

As on 31-Dec-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 149 239 142 80
Modified Duration (yrs) 2.81 2.84 1.54 2.16
Average Maturity (yrs) 6.59 6.59 2.48 2.81
Yield to Maturity (%) 5.32 5.32 4.75 5.35
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 GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 3.02 - 9.30 9.30
up 6.10% GOI 2031 GOI Securities SOV 0.00 - 6.02 6.02
equal 6.76% GOI 22/02/2061 GOI Securities SOV 0.00 - 4.78 4.78
equal 8.30% Reliance Industries 2022 Debenture AAA 0.64 - 4.77 4.77
equal 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 3.11 - 3.55 3.40
equal 6.67% GOI 17/12/2050 GOI Securities SOV 0.00 - 3.71 3.15
equal HDB Financial Services 21/06/2024 Non Convertible Debenture AAA 0.00 - 2.73 2.73
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 1.85 - 2.03 2.02
equal 6.90% REC 30/06/2022 Debenture AAA 0.24 - 1.85 1.85
equal 4.98% LIC Housing Fin. 2024 Debenture AAA 0.00 - 1.81 1.81
down MTNL 2030 Debenture AAA 0.23 - 1.78 1.77
equal 4.55% LIC Housing Fin. 28/03/2022 Bonds/NCDs AAA 0.00 - 1.70 1.70
equal 6.89% Indian Railway Finance Corporation 19/07/2031 Debenture AAA 0.00 - 1.61 1.61
equal 6.60% REC 21/03/2022 Debenture AAA 0.73 - 1.50 1.50
equal 7.65% Sikka Ports and Terminals 22/03/2023 Non Convertible Debenture AAA 1.36 - 1.50 1.48
up 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 1.09 - 1.42 1.42
down 6.79% BSNL 23/09/2030 Non Convertible Debenture AAA 1.25 - 1.43 1.33
equal 6.80% State Bank of India Additional Tier 2 Bond AAA 1.18 - 1.30 1.30
equal 6.95% Indian Railway Finance Corporation 24/11/2036 Non Convertible Debenture AAA 0.00 - 1.30 1.30
equal 8.60% Rajasthan State 2028 State Development Loan SOV 0.00 - 1.55 1.29
up 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.41 - 1.23 1.23
equal 7.62% Housing & Urban Development Corporation 15/07/2022 Debenture AAA 0.17 - 1.20 1.20
down 6.92% Indian Railway Finance Corporation 31/08/2031 Non Convertible Debenture AAA 0.00 - 1.87 1.15
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.37 - 1.14 1.14
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 0.00 - 1.09 1.09

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-2021

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: Prior to joining ICICI Prudential Asset Management Company Limited she has worked with Morgan Stanley Investment Management, HSBC Bank, 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:


-0.06%

Change from previous, NAV as on 17-Jan-2022

Growth: ₹ 24.3587

IDCW Weekly: ₹ 10.2023

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IDCW Quarterly: ₹ 14.8014

IDCW Monthly: ₹ 10.2015

IDCW Half Yearly: ₹ 12.9280

IDCW Fortnightly: ₹ 12.1276

IDCW Daily: ₹ 10.0700


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

Min. Investment (₹) 100
Min. Addl Investment (₹) 100
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) --
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.54%
Benchmark: NIFTY Corporate Bond Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 19,104 Cr (As on 31-Dec-2021)
Expense: 0.27% (As on 31-Dec-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly23-Dec-20210.1251

 23-Sep-20210.2268
 24-Jun-20210.2998
 24-Dec-20200.3385
 21-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
IDCW Daily16-Dec-20210.0003

 15-Dec-20210.0026
 14-Dec-20210.0027
 09-Dec-20210.0012
 08-Dec-20210.0037
 06-Dec-20210.0030
 02-Dec-20210.0034
 01-Dec-20210.0004
 30-Nov-20210.0046
 29-Nov-20210.0019
 26-Nov-20210.0012
 23-Nov-20210.0014
 22-Nov-20210.0055
 18-Nov-20210.0041
 17-Nov-20210.0018
 16-Nov-20210.0005
 15-Nov-20210.0066
 12-Nov-20210.0019
 11-Nov-20210.0005
 10-Nov-20210.0004
 09-Nov-20210.0066
 08-Nov-20210.0148
 28-Oct-20210.0020
 27-Oct-20210.0035
 25-Oct-20210.0065
IDCW Fortnightly15-Dec-20210.0204

 30-Nov-20210.0254
 15-Nov-20210.0445
 29-Oct-20210.0146
 30-Sep-20210.0225
 15-Sep-20210.0572
 30-Aug-20210.0550
 13-Aug-20210.0289
 30-Jul-20210.0346
 15-Jul-20210.0095
 15-Jun-20210.0392
 28-May-20210.0312
 14-May-20210.0264
 30-Apr-20210.0459
 15-Apr-20210.0265
 30-Mar-20210.0579
 29-Jan-20210.0045
 15-Jan-20210.0070
 30-Dec-20200.0297
 15-Dec-20200.0200
 27-Nov-20200.0398
 17-Nov-20200.0431
 29-Oct-20200.0440
 15-Oct-20200.1178
 30-Sep-20200.0267
IDCW Weekly13-Dec-20210.0046

 06-Dec-20210.0115
 29-Nov-20210.0046
 22-Nov-20210.0121
 15-Nov-20210.0162
 08-Nov-20210.0206
 25-Oct-20210.0119
 04-Oct-20210.0024
 20-Sep-20210.0283
 13-Sep-20210.0067
 06-Sep-20210.0305
 30-Aug-20210.0214
 23-Aug-20210.0165
 17-Aug-20210.0208
 09-Aug-20210.0050
 02-Aug-20210.0140
 26-Jul-20210.0121
 19-Jul-20210.0128
 14-Jun-20210.0234
 07-Jun-20210.0157
 31-May-20210.0008
 24-May-20210.0188
 17-May-20210.0142
 10-May-20210.0095
 03-May-20210.0205
IDCW Monthly30-Nov-20210.0588

 29-Oct-20210.0122
 30-Sep-20210.0628
 31-Aug-20210.0748
 30-Jul-20210.0385
 30-Jun-20210.0327
 31-May-20210.0472
 30-Apr-20210.0575
 31-Mar-20210.0520
 29-Jan-20210.0097
 30-Dec-20200.0417
 27-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
IDCW Half Yearly23-Aug-20210.3431

 22-Feb-20210.3388
 17-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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