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HDFC Corporate Bond Fund - Direct Plan download report

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Debt: Corporate Bond

Analysts' Choiceunlock it

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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
HDFC Corporate Bond Direct-G 0.93 0.03 -0.02 0.56 1.45 1.05 2.86 6.50 7.04 7.77 --
VR Bond 0.66 -0.14 0.07 0.63 1.57 1.27 2.63 3.87 5.08 5.99 --
Debt: Corporate Bond 1.14 0.03 0.01 0.51 1.50 1.11 2.82 6.27 6.68 7.45 --
Rank within category 14 16 18 6 9 12 11 8 6 4 --
Number of funds in category 22 22 22 22 22 22 21 19 14 12 0

As on 08-Aug-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 2.86 6.50 7.04 0.32 21,551
ICICI Prudential Corporate Bond Fund - Direct Plan  | Invest Now
4 star
 Jan-13 3.72 6.71 7.02 0.27 15,042
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
5 star
 Jan-13 3.29 6.87 7.23 0.30 13,321
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
4 star
 Jan-13 3.38 6.27 7.06 0.30 8,667
Axis Corporate Debt Fund - Direct Plan
5 star
 Jul-17 3.75 7.29 7.35 0.25 3,122

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 1.80 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
HDFC Corporate Bond Direct-G 6.49 2.26 1.33 2.16 0.94 2.64
VR Bond 3.88 1.88 0.21 0.29 -- --
Debt: Corporate Bond 6.25 2.15 1.34 2.51 0.78 2.45
Rank within category 8 13 10 12 17 8
Number of funds in category 19 19 19 19 19 19

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

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 118 176 118 66
Modified Duration (yrs) 2.50 2.83 2.44 1.78
Average Maturity (yrs) 4.80 4.80 3.91 2.44
Yield to Maturity (%) 6.83 6.83 5.09 6.79
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 6.97% GOI 2026 GOI Securities SOV 3.70 - 6.96 6.96
equal GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 3.10 - 5.01 5.01
equal 6.79% GOI 15/05/2027 GOI Securities SOV 2.74 - 5.53 4.59
equal 4.45% GOI 30/10/2034 GOI Securities SOV 0.00 - 4.43 4.43
up GOI 2028 GOI Securities SOV 0.00 - 4.39 4.39
equal 5.14% National Bank Agr. Rur. Devp 21-D 31/01/2024 Debenture AAA 2.65 - 3.47 3.47
equal 4.57% Ultratech Cement 29/12/2023 Debenture AAA 2.58 - 3.39 3.39
equal 5.95% Bajaj Finance 2024 Bonds/NCDs AAA 2.55 - 3.32 3.32
equal 7.99% State Bank of India Additional Tier 2 Bond AAA 2.36 - 3.06 3.06
equal 6.18% MRPL 29/12/2025 Debenture AAA 1.99 - 2.57 2.57
equal 8.95% Reliance Industries 2028 Debenture AAA 1.95 - 2.47 2.47
equal 5.83% State Bank of India Additional Tier 2 Bond AAA 1.87 - 2.43 2.43
equal 8.79% LIC Housing Fin. 2024 Non Convertible Debenture AAA 1.86 - 2.37 2.37
equal 8.37% REC 2028 Debenture AAA 1.71 - 2.19 2.19
equal 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 1.54 - 1.98 1.98
equal 8.33% LIC Housing Fin. 31/05/2024 Non Convertible Debenture AAA 1.48 - 1.89 1.89
equal 5.78% Chennai Petroleum Corporation 17/07/2025 Non Convertible Debenture AAA 1.38 - 1.78 1.78
down 6.98% Power Finance Corporation 20/04/2023 Non Convertible Debenture AAA 1.25 - 1.62 1.40
equal 9.25% Power Finance Corporation Additional Tier 2 Bond AAA 1.04 - 1.32 1.32
equal 5.53% LIC Housing Fin. 20/12/2024 Debenture AAA 0.95 - 1.23 1.23
equal 8.24% Power Grid Corporation 14/02/2029 Debenture AAA 0.95 - 1.22 1.22
equal 8.90% State Bank of India Additional Tier 2 Bond AAA 0.92 - 1.19 1.19
new 7.65% Bajaj Housing Finance 21/07/2025 Non Convertible Debenture AAA 0.00 - 1.16 1.16
equal 7.75% MRPL 29/01/2030 Non Convertible Debenture AAA 0.88 - 1.15 1.15
equal 8.45% Indian Railway Finance Corporation 2028 Debenture AAA 0.46 - 1.14 1.14

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-Jul-2022

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:

Invest Online
0.03%

Change from previous, NAV as on 08-Aug-2022

Growth: ₹ 26.4832

IDCW Quarterly: ₹ 10.2282

IDCW: ₹ 18.1764

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 (₹) 300
Min. No of Cheques 20
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: 8.17%
Benchmark: NIFTY Corporate Bond Index B-III
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 21,551 Cr (As on 31-Jul-2022)
Expense Ratio: 0.32% (As on 30-Jun-2022)
Risk Grade: Above Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly25-Mar-20220.1240

 27-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

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: Ground Floor, Mafatlal House, H.T Parekh Marg 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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