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3 star

HDFC Corporate Bond Fund - Direct Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.04 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 -0.04 0.02 0.09 -0.21 0.68 2.33 4.24 8.68 7.73 8.37 --
VR Bond -0.31 0.04 -0.12 -0.54 0.48 1.87 2.23 5.69 5.55 6.42 --
Debt: Corporate Bond 0.04 0.02 0.11 -0.01 0.66 2.11 4.08 7.90 7.21 7.95 --
Rank within category 18 14 17 18 10 4 9 2 3 1 --
Number of funds in category 22 22 22 22 21 21 20 17 13 12 0

As on 14-Jan-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HDFC Corporate Bond Fund - Direct Plan  | Invest Online
3 star
Jan-13 4.24 8.68 7.73 0.30% 28,109
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.39 8.48 7.77 0.30% 19,392
ICICI Prudential Corporate Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 4.24 8.24 7.55 0.27% 19,104
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 4.26 7.82 7.64 0.30% 10,768
Nippon India Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.30 7.59 7.44 0.27% 3,865

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.83 24-Mar-2020 - 31-Mar-2020 -2.14 12-Mar-2020 - 19-Mar-2020
Month 3.83 24-Mar-2020 - 23-Apr-2020 -2.38 24-Jun-2013 - 24-Jul-2013
Quarter 6.86 09-Apr-2020 - 10-Jul-2020 -3.91 20-May-2013 - 19-Aug-2013
Year 13.27 19-Aug-2013 - 19-Aug-2014 3.68 08-Jan-2021 - 10-Jan-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.55 2.28 2.11 3.53 0.88 3.05
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 3 11 8 10 15 9
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 165 189 165 80
Modified Duration (yrs) 2.64 2.86 2.50 2.16
Average Maturity (yrs) 4.47 4.50 3.91 2.81
Yield to Maturity (%) 5.49 5.61 5.09 5.09
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 6.97% GOI 2026 GOI Securities SOV 2.93 - 5.00 5.00
up 6.79% GOI 15/05/2027 GOI Securities SOV 2.74 - 5.13 4.95
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 3.10 - 3.99 3.99
equal 5.14% National Bank Agr. Rur. Devp 21-D 31/01/2024 Debenture AAA 2.49 - 2.93 2.71
equal 4.57% Ultratech Cement 29/12/2023 Debenture AAA 2.41 - 2.84 2.64
equal 5.95% Bajaj Finance 2024 Bonds/NCDs AAA 0.00 - 2.81 2.60
equal 7.99% State Bank of India Additional Tier 2 Bond AAA 2.26 - 2.63 2.42
new 4.45% GOI 30/10/2034 GOI Securities SOV 0.00 - 2.18 2.18
equal 8.58% HDFC 18/03/2022 Debenture AAA 2.03 - 2.37 2.15
equal 6.18% MRPL 29/12/2025 Debenture AAA 1.86 - 2.20 2.04
equal 8.95% Reliance Industries 2028 Debenture AAA 1.86 - 2.17 1.99
equal 5.83% State Bank of India Additional Tier 2 Bond AAA 1.77 - 2.06 1.92
equal 8.79% LIC Housing Fin. 2024 Non Convertible Debenture AAA 1.76 - 2.07 1.89
equal 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 1.76 - 2.11 1.87
equal 8.37% REC 2028 Debenture AAA 1.53 - 1.81 1.74
up 6.67% GOI 15/12/2035 GOI Securities SOV 0.00 - 2.05 1.74
equal 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 1.46 - 1.71 1.58
equal 8.33% LIC Housing Fin. 31/05/2024 Non Convertible Debenture AAA 1.40 - 1.65 1.50
equal Power Finance Corporation 22/01/2031 Debenture AAA 1.41 - 1.62 1.49
equal 5.78% Chennai Petroleum Corporation 17/07/2025 Non Convertible Debenture AAA 1.29 - 1.51 1.41
equal 6.98% Power Finance Corporation 20/04/2023 Non Convertible Debenture AAA 1.18 - 1.39 1.27
equal 8.50% LIC Housing Fin. 20/06/2022 Non Convertible Debenture AAA 1.02 - 1.19 1.09
equal 4.23% HDFC 18/02/2022 Debenture AAA 0.97 - 1.15 1.07
equal 8.54% Bajaj Finance 2022 Debenture AAA 1.00 - 1.17 1.07
equal 9.25% Power Finance Corporation Additional Tier 2 Bond AAA 0.95 - 1.16 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-Dec-2021

Fund Manager

— Anupam Joshi since 27-Oct-2015

Education: Mr. Joshi is a PGDM in Business Management.

Experience: Prior to joining HDFC Mutual Fund he has worked with IDFC AMC, Principal Asset Management Company and ICAP India Pvt. Ltd.

Funds Managed:


0.02%

Change from previous, NAV as on 14-Jan-2022

Growth: ₹ 26.2281

IDCW Quarterly: ₹ 10.2527

IDCW: ₹ 18.0013


Investment Strategy

The scheme seeks to generate income/capital appreciation through investments predominantly in AA+ and above rated corporate bonds.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 500
Min. Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.59%
Benchmark: NIFTY Corporate Bond Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 28,109 Cr (As on 31-Dec-2021)
Expense: 0.30% (As on 31-Dec-2021)
Risk Grade: Above Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly27-Dec-20210.1740

 27-Sep-20210.1860
 25-Jun-20210.1590
 25-Mar-20210.1700
 28-Dec-20200.2640
 25-Sep-20200.2910
 25-Jun-20200.3650
 18-Mar-20200.0348
 26-Dec-20190.1304
 25-Sep-20190.1289
 25-Jun-20190.1336
 25-Mar-20190.1941
 26-Dec-20180.2423
 25-Sep-20180.0745
 25-Jun-20180.0489
 26-Mar-20180.1000
 26-Dec-20170.2217
 25-Sep-20170.1545
 27-Jun-20170.1661
 27-Mar-20170.1610
 26-Dec-20160.1527
 26-Sep-20160.1613
 27-Jun-20160.1729
 28-Mar-20160.1492
 28-Dec-20150.1560

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate Mumbai - 400020

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 022-22821144

Website: http://www.hdfcfund.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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