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4 star

HDFC Corporate Bond Fund - Direct Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 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 11.41 -0.04 0.11 0.79 2.43 5.75 11.47 9.39 9.24 9.46 --
VR Bond 6.95 0.04 0.01 0.46 1.88 2.45 7.50 7.11 7.19 7.78 --
Debt: Corporate Bond 10.00 -0.01 0.11 0.79 2.24 5.03 10.10 8.25 8.37 9.13 --
Rank within category 5 17 12 14 6 6 5 3 2 3 --
Number of funds in category 20 21 21 21 20 20 20 15 13 10 0

As on 01-Dec-2020

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
4 star
Jan-13 11.47 9.39 9.24 0.30 23,494
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 11.82 9.46 9.20 0.29 23,395
IDFC Corporate Bond Fund - Direct Plan
4 star
Jan-16 11.92 8.94 -- 0.27 19,345
ICICI Prudential Corporate Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 10.69 9.06 8.92 0.28 18,906
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
5 star
Jan-13 9.76 9.14 8.86 0.32 7,286

Best & Worst Performance

Best (Period) Worst (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) 3.79 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.06 2.26 1.85 3.44 0.82 2.51
VR Bond 6.92 2.06 0.99 1.71 -- --
Debt: Corporate Bond 8.01 2.90 1.54 2.75 0.60 1.91
Rank within category 3 8 5 5 13 7
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-Nov-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 137 142 113 82
Modified Duration (yrs) 3.35 3.46 2.84 --
Average Maturity (yrs) 4.80 4.80 3.78 --
Yield to Maturity (%) 5.42 7.10 5.42 --
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 6.79% GOI 15/05/2027 GOI Securities SOV 4.06 - 10.18 9.23
up 6.97% GOI 2026 GOI Securities SOV 0.00 - 5.66 5.66
new 8.24% GOI 15/02/2027 Central Government Loan SOV 0.00 - 3.49 3.49
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 2.07 - 5.29 3.00
down 7.59% GOI 2026 GOI Securities SOV 2.69 - 5.84 2.69
equal 8.58% HDFC 18/03/2022 Debenture AAA 2.58 - 3.16 2.69
equal 8.95% Reliance Industries 2028 Debenture AAA 2.44 - 4.33 2.44
new 8.28% GOI 21/09/2027 Central Government Loan SOV 0.00 - 2.42 2.42
new 5.83% State Bank of India 26/10/2030 Debenture AAA 0.00 - 2.34 2.34
equal 8.79% LIC Housing Fin. 2024 Non Convertible Debenture AAA 2.32 - 4.23 2.32
equal 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 3.17 2.19
new GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 2.06 2.06
equal 8.33% LIC Housing Fin. 31/05/2024 Non Convertible Debenture AAA 1.84 - 3.33 1.84
equal 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 1.77 - 3.18 1.77
equal 5.78% Chennai Petroleum Corp. 17/07/2025 Non Convertible Debenture AAA 0.00 - 2.00 1.71
equal 6.98% Power Finance Corp. 20/04/2023 Non Convertible Debenture AAA 0.00 - 2.75 1.55
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 1.46 1.28
equal 9.25% Power Finance Corp. 25/09/2024 Non Convertible Debenture AAA 0.70 - 1.53 1.20
equal 8.24% Power Grid Corporation 14/02/2029 Debenture AAA 1.20 - 2.17 1.20
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 1.17 - 2.17 1.17
equal 8.30% Reliance Industries 2022 Debenture AAA 1.12 - 1.77 1.17
up 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 1.17 1.15
equal 8.50% LIC Housing Fin. 20/06/2022 Non Convertible Debenture AAA 0.00 - 1.32 1.13
equal 7.75% MRPL 29/01/2030 Non Convertible Debenture AAA 0.00 - 2.18 1.11
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 1.27 1.11

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-Oct-2020

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:


-0.04%

Change from previous, NAV as on 01-Dec-2020

Growth: ₹ 25.0231

Dividend Quarterly: ₹ 10.7135

Dividend: ₹ 17.1743


Investment Strategy

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

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 9.21%
Benchmark: NIFTY Corporate Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 23,494 Cr (As on 31-Oct-2020)
Expense: 0.30% (As on 31-Oct-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly25-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
 28-Sep-20150.1656
 25-Jun-20150.1627
 25-Mar-20150.1610
 26-Dec-20140.1688

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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