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Edelweiss Corporate Bond Fund - Regular Plan


1 Lakh

Investment declined to
₹ 0.94 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.17 Lakh

Analyst's Choice?

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.48 0.02 0.17 1.12 1.73 2.75 -6.14 1.64 4.22 -- --
Debt: Corporate Bond 0.38 0.03 0.09 0.84 1.98 3.85 7.99 6.34 7.33 -- --
Rank within category 2 16 1 3 17 18 18 14 13 -- --
Number of funds in category 20 20 20 20 20 20 18 14 13 9 6

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 3.21 (12-Feb-2019 - 14-Mar-2019) -13.17 (10-May-2019 - 10-Jun-2019)
Quarter 4.36 (28-Dec-2018 - 31-Mar-2019) -12.61 (11-Mar-2019 - 10-Jun-2019)
Year 11.20 (30-Sep-2014 - 30-Sep-2015) -6.50 (08-Jun-2018 - 10-Jun-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 2.01 7.82 -0.47 -0.27 -0.26 -3.61
Debt: Corporate Bond 6.35 2.59 0.59 1.09 0.61 0.40
Rank within category 14 14 14 14 1 14
Number of funds in category 14 14 14 14 14 14

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 11 20 11 67
Modified Duration (yrs) 2.41 2.61 1.36 2.27
Average Maturity (yrs) 3.37 3.61 1.67 2.91
Yield to Maturity (%) 10.45 11.09 6.63 7.20

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 10.25% SD Corporation 17/04/2021 Debenture A+ 0.00 - 29.35 29.35
equal 7.48% IRFC 13/08/2029 Non Convertible Debenture AAA 0.00 - 8.54 8.54
equal 8.25% Indiabulls Housing Finance 13/03/2020 Debenture AA+ 0.00 - 8.45 8.45
equal 8.95% Food Corporation of India 2029 Debenture AAA 0.00 - 10.27 6.65
new 8.24% National Bank Agr. Rur. Devp 22/03/2029 Debenture AAA 0.00 - 9.88 6.14
equal 7.99% Tata Power 16/11/2020 Non Convertible Debenture AA 1.02 - 6.12 6.12
equal 7.34% Power Grid Corporation 15/07/2029 Debenture AAA 0.00 - 6.09 6.09
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 5.63 5.63
equal 8.28% Oriental Nagpur Betul Highway 30/03/2022 Debenture AAA 0.00 - 5.45 5.45
equal Reliance Retail Ltd. 20/12/2021 Zero Coupon Bonds AAA 0.00 - 0.71 0.71
equal 10.40% Sikka Ports and Terminals 18/07/2021 Bonds/NCDs AAA 0.05 - 0.32 0.32

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-2019

Fund Manager

— Dhawal Dalal since 26-Nov-2016

Education: Mr. Dalal is a B.E and MBA.

Experience: Prior to joining Edelweiss AMC he has worked with DSP Mutual Fund, Merrill Lynch Asset Management, Private Client Group and MLAM.

Funds Managed:

— Gautam Kaul since 03-Aug-2017

Education: Mr. Kaul is a B.Com (H) and MBA (Finance).

Experience: Prior to joining Edelweiss AMC he has worked with Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd..

Funds Managed:


0.02%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 12.9949

Dividend Yearly: ₹ 12.9947

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Dividend Weekly: ₹ 10.2362

Dividend Monthly: ₹ 9.5004

Dividend Fortnightly: ₹ 12.9725

Dividend: ₹ 12.9971


Investment Strategy

The scheme aims to generate returns commensurate with risks of investing in a portfolio comprising of AA+ and above rated corporate bonds across the maturity spectrum.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Edelweiss Mutual Fund
Launch Date: 22-Sep-2014
Return Since Launch: 5.04%
Benchmark: NIFTY Corporate Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 33 Cr (As on 31-Dec-2019)
Expense: 1.10% (As on 31-Dec-2019)
Risk Grade: High
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Fortnightly28-May-20190.0183

 14-Dec-20170.1985
 29-Jun-20170.0144
 15-Jun-20170.0790
 30-May-20170.0297
 16-May-20170.0266
 02-May-20170.0130
 18-Apr-20170.0328
 30-Mar-20170.0464
 15-Mar-20170.0048
 01-Mar-20170.0161
 15-Feb-20170.0036
 31-Jan-20170.0174
 17-Jan-20170.0517
 29-Nov-20160.0446
 15-Nov-20160.0518
 28-Oct-20160.0036
 14-Oct-20160.0401
 28-Sep-20160.0315
 14-Sep-20160.0282
 29-Aug-20160.0144
 16-Aug-20160.0409
 28-Jul-20160.0371
 14-Jul-20160.0545
 28-Jun-20160.0195
Dividend Monthly27-May-20190.0291

 25-Mar-20190.1131
 25-Feb-20190.1298
 25-Jan-20190.0487
 26-Dec-20180.0972
 26-Nov-20180.0320
 27-Aug-20180.0501
 25-Jul-20180.0396
 26-Mar-20180.0864
 25-Jan-20180.0214
 27-Nov-20170.0061
 25-Oct-20170.0361
 25-Sep-20170.0293
 28-Aug-20170.0613
 25-Jul-20170.0559
 27-Jun-20170.0922
 25-May-20170.0621
 25-Apr-20170.0439
 29-Mar-20170.0432
 28-Feb-20170.0271
 27-Jan-20170.0729
 27-Dec-20160.0863
 25-Oct-20160.0499
 26-Sep-20160.0613
 25-Aug-20160.0599
Dividend Weekly03-Apr-20180.0166

 27-Mar-20180.0436
 20-Mar-20180.0153
 13-Mar-20180.0264
 14-Feb-20180.0062
 06-Feb-20180.0004
 30-Jan-20180.0002
 23-Jan-20180.0080
 16-Jan-20180.0064
 09-Jan-20180.0204
 17-Oct-20170.1665
 12-Jul-20170.0187
 27-Jun-20170.0181
 14-Jun-20170.0359
 07-Jun-20170.0505
 24-May-20170.0295
 11-May-20170.0382
 12-Apr-20170.0218
 30-Mar-20170.0196
 22-Mar-20170.0371
 23-Feb-20170.0222
 25-Jan-20170.0185
 11-Jan-20170.0186
 04-Jan-20170.0292
 22-Nov-20160.0391

Contact Information

AMC: Edelweiss Asset Management Ltd.

Address: 801- 802 & 803 - 8th Floor, Windsor Off C.S.T. Road, Kalina-Santacruz (E), Mumbai - 400098

Phone: 40933400 / 1800-425-0090

Email: [email protected]

Website: www.edelweissmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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Value Investing

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