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Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
---|---|---|---|---|---|---|
ICICI Prudential Corporate Bond Fund - Direct Plan
|
Moderate
|
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0.35 |
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Moderate
|
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0.36 |
||||
Moderate
|
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0.34 |
||||
Moderate
|
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0.32 |
||||
Moderate
|
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0.35 |
₹26,907 Cr
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100
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100
6
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.
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."
Capital Gains Taxation
Disclaimer: The tax information has been prepared on a best-effort basis using information available in the public domain and other sources that Value Research considers reliable. This is not meant as tax advice, and we advise you to consult your tax advisor before making any decision. Value Research takes no responsibility and assumes no liability for any loss or damage arising from any investment or redemption decision based on this information.
Dividend Taxation
ICICI Prudential Corporate Bond Fund - Direct Plan is mandated to invest at least 80 per cent of its assets in high-grade corporate bonds rated AA+ and above.
Mutual funds can be bought directly from the website of the fund house. For instance, ICICI Prudential Corporate Bond Fund - Direct Plan fund can be purchased from the website of ICICI Prudential Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of ICICI Prudential Corporate Bond Fund - Direct Plan is ₹29.3287 as of 06-Oct-2024.
The AUM of ICICI Prudential Corporate Bond Fund - Direct Plan Fund is ₹26,907 Cr as of 31-Aug-2024
The riskometer level of ICICI Prudential Corporate Bond Fund - Direct Plan is Moderate. See More
Company | Percentage of Portfolio |
---|---|
GOI GOI FRB 22/09/2033 |
8.26
|
GOI Sec 7.18 14/08/2033 |
5.86
|
GOI Sec 7.10 08/04/2034 |
3.48
|
National Bank For Agriculture & Rural Development SR 23H Debenture 7.58 31/07/2026 |
3.21
|
Pipeline Infrastructure (India) Pvt. Ltd SR 3 Debenture 7.96 11/03/2029 |
3.03
|
As of 31-Aug-2024, ICICI Prudential Corporate Bond Fund - Direct Plan had invested 94.99% in Debt and 5.01% in Cash & Cash Eq. See More
ICICI Prudential Corporate Bond Fund - Direct Plan is 11 years 9 months old. It has delivered 8.20% returns since inception. See More
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
---|---|---|---|---|---|
8.10%
|
6.55%
|
7.26%
|
7.38%
|
7.95%
|
8.20%
|
No, There is no lock in period in ICICI Prudential Corporate Bond Fund - Direct Plan.
The expense ratio of ICICI Prudential Corporate Bond Fund - Direct Plan is 0.35.