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5 star

ICICI Prudential Corporate Bond Fund - Direct Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 2.35 0.01 0.13 0.38 1.16 2.25 5.17 8.83 8.11 8.60 --
VR Bond 0.46 -0.01 0.10 0.17 0.15 0.28 2.04 6.71 6.06 7.02 --
Debt: Corporate Bond 2.17 0.01 0.11 0.65 1.26 2.30 5.12 8.60 7.91 8.56 --
Rank within category 7 12 13 20 17 12 11 6 6 6 --
Number of funds in category 20 21 21 21 21 20 19 15 13 11 0

As on 30-Jul-2021

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 5.17 8.83 8.11 0.27 20,276
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 5.75 9.36 8.42 0.30 24,168
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 5.32 8.51 8.18 0.32 9,849
Axis Corporate Debt Fund - Direct Plan
4 star
Jul-17 5.87 8.57 -- 0.26 4,876
DSP Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Sep-18 4.57 -- -- 0.25 2,670

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 4.69 25-Sep-2017 - 25-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.69 1.74 2.57 4.82 0.55 3.12
VR Bond 6.66 2.10 1.17 1.62 -- --
Debt: Corporate Bond 8.40 2.56 1.88 3.08 0.64 2.62
Rank within category 6 3 3 1 6 5
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-Jun-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 247 247 206 100
Modified Duration (yrs) 2.06 2.94 1.54 2.10
Average Maturity (yrs) 4.22 4.41 2.48 2.62
Yield to Maturity (%) 5.13 5.41 4.63 5.07
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
equal GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 6.59 6.27
equal 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 3.55 3.21
equal 6.22% HDFC 2021 Debenture AAA 0.00 - 3.12 2.80
new HDB Financial Services 21/06/2024 Non Convertible Debenture AAA 0.00 - 2.54 2.54
up 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 1.99 1.99
down 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 5.74 1.98
equal 5.35% National Housing Bank 2024 Debenture AAA 0.00 - 2.10 1.98
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 1.87 - 2.55 1.92
up 6.65% Food Corporation of India 23/10/2030 Debenture AAA 0.00 - 1.91 1.91
new 6.67% GOI 17/12/2050 GOI Securities SOV 0.00 - 1.75 1.75
new 6.76% GOI 22/02/2061 GOI Securities SOV 0.00 - 1.65 1.65
equal 7.47% Power Finance Corporation 16/09/2021 Bonds AAA 0.00 - 1.69 1.58
equal 8.60% Rajasthan State 2028 State Development Loan SOV 0.00 - 1.55 1.50
up 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 1.49 1.49
equal 7.65% Sikka Ports and Terminals 22/03/2023 Non Convertible Debenture AAA 1.37 - 1.89 1.41
equal 6.79% BSNL 23/09/2030 Non Convertible Debenture AAA 0.00 - 1.43 1.34
equal 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 0.82 - 1.43 1.34
equal 8.37% National Bank Agr. Rur. Devp 2021 Debenture AAA 0.14 - 1.38 1.29
equal 6.80% State Bank of India 21/08/2035 Additional Tier 2 Bond AAA 0.00 - 1.40 1.23
up MTNL 2030 Debenture AAA 0.00 - 1.18 1.18
equal 7.14% REC 2021 Bonds AAA 0.55 - 1.23 1.15
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.15 - 1.30 1.13
equal 7.10% HDFC Credila Financial Services 25/02/2022 Non Convertible Debenture AAA 0.96 - 1.35 1.00
equal 6.55% M&M Financial Services 28/06/2022 Debenture AAA 0.96 - 1.34 1.00
equal 7.49% HDB Financial Services 18/11/2021 Bonds/NCDs AAA 0.97 - 1.35 1.00

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-Jun-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:


0.01%

Change from previous, NAV as on 30-Jul-2021

Growth: ₹ 23.9138

IDCW Weekly: ₹ 10.2404

More

IDCW Quarterly: ₹ 14.8776

IDCW Monthly: ₹ 10.2210

IDCW Half Yearly: ₹ 13.0332

IDCW Fortnightly: ₹ 12.1711

IDCW Daily: ₹ 10.1064


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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.79%
Benchmark: CRISIL AAA ST Bond Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 20,276 Cr (As on 30-Jun-2021)
Expense: 0.27% (As on 30-Jun-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily30-Jul-20210.0011

 29-Jul-20210.0005
 28-Jul-20210.0010
 27-Jul-20210.0045
 26-Jul-20210.0055
 23-Jul-20210.0002
 20-Jul-20210.0063
 19-Jul-20210.0040
 16-Jul-20210.0057
 15-Jul-20210.0011
 13-Jul-20210.0012
 09-Jul-20210.0007
 14-Jun-20210.0028
 11-Jun-20210.0062
 10-Jun-20210.0048
 09-Jun-20210.0062
 08-Jun-20210.0031
 07-Jun-20210.0080
 04-Jun-20210.0026
 03-Jun-20210.0020
 25-May-20210.0037
 24-May-20210.0048
 21-May-20210.0039
 20-May-20210.0018
 19-May-20210.0034
IDCW Fortnightly30-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
 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
IDCW Monthly30-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
 29-Aug-20190.0625
 30-Jul-20190.0994
 27-Jun-20190.0416
 28-May-20190.0915
IDCW Weekly26-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
 26-Apr-20210.0165
 19-Apr-20210.0010
 12-Apr-20210.0116
 05-Apr-20210.0152
 30-Mar-20210.0415
 22-Mar-20210.0023
 11-Jan-20210.0023
 04-Jan-20210.0182
 28-Dec-20200.0142
 21-Dec-20200.0086
 07-Dec-20200.0142
 01-Dec-20200.0136
 23-Nov-20200.0186
 17-Nov-20200.0175
 09-Nov-20200.0131
 26-Oct-20200.0379
IDCW Quarterly24-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
 26-Mar-20150.0004
 26-Dec-20140.0290
IDCW Half Yearly22-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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