Based on 1-year returns, the top performing Corporate Bond funds are DSP Corporate Bond Fund - Direct Plan with 5.37% return, Franklin India Corporate Debt Fund - Direct Plan with 5.34% return, and ICICI Prudential Corporate Bond Fund - Direct Plan with 4.77% return. The category average 1-year return is 3.89%.
Corporate Bond Funds
The corporate bond debt funds invest in the highest-rated corporate bonds. They don't follow a tenure-based specification. But they have to invest a minimum of 80% of total assets in corporate bonds.
Total Schemes
22
No. of schemes
Total AUM
₹ 1.86Lakh Cr
As on latest
Category Return (5Y)
6.13 %
CAGR
Benchmark Data
NA
This category currently has no benchmark assigned.
Category Returns (%)
| Period | 1M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | YTD |
|---|---|---|---|---|---|---|---|
Corporate Bond | 0.22 % | 1.29 % | 3.89 % | 7.01 % | 6.13 % | 7.25 % | 1.13 % |
Benchmark Not Available No benchmark assigned | - | - | - | - | - | - | - |
About Corporate Bond Funds
What is it?
The corporate bond debt funds invest in the highest-rated corporate bonds. They don't follow a tenure-based specification. But they have to invest a minimum of 80% of total assets in corporate bonds.
Objective
These funds aim to provide income and capital appreciation by investing primarily in corporate bonds with an AA+ or above rating.
Suitability and opinion
These funds are suitable for investors with low to moderate risk appetite looking to diversify their portfolio in debt securities of financially strong corporates. They are also a good option for investors aiming to generate stable periodic income from their investments. These funds aim to generate slightly better returns compared to bank FDs of similar tenure. The risk is very low in this category. But these funds generally beat inflation by a slight margin and can not be used as a tool for long-term wealth creation.
Corporate Bond vs Other Categories
5Y CAGR Return Comparison
Key Insights
Corporate Bond delivered 6.13% CAGR over the last 5 years.
It ranks #11 out of 18 categories based on 5Y performance.
Below the category average return of 6.35%.
9 categories outperform it, while 7 categories have lower returns.
Top performer: Credit Risk (9.97%).
Lowest performer: Long Duration (5.32%).
Let's have a closer look
Now let us jump and check about these top 15 mutual fund schemes.
ICICI Prudential Corporate Bond Fund - Direct Plan
Fund Performance: ICICI Prudential Corporate Bond Fund - Direct Plan has given 7.34% annualized returns in the past three years and 6.64% in the last 5 years. The ICICI Prudential Corporate Bond Fund - Direct Plan comes under the Debt category of ICICI Prudential Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Corporate Bond Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 32,682.50Cr
1Y Returns
4.77%
Expense Ratio
0.36%
HDFC Corporate Bond Fund - Direct Plan
Fund Performance: HDFC Corporate Bond Fund - Direct Plan has given 6.89% annualized returns in the past three years and 6.13% in the last 5 years. The HDFC Corporate Bond Fund - Direct Plan comes under the Debt category of HDFC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in HDFC Corporate Bond Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 31,610.60Cr
1Y Returns
2.90%
Expense Ratio
0.38%
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan
Fund Performance: Aditya Birla Sun Life Corporate Bond Fund - Direct Plan has given 6.95% annualized returns in the past three years and 6.22% in the last 5 years. The Aditya Birla Sun Life Corporate Bond Fund - Direct Plan comes under the Debt category of Aditya Birla Sun Life Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Corporate Bond Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 25,167.90Cr
1Y Returns
3.09%
Expense Ratio
0.33%
SBI Corporate Bond Fund - Direct Plan
Fund Performance: SBI Corporate Bond Fund - Direct Plan has given 6.98% annualized returns in the past three years and 6.10% in the last 5 years. The SBI Corporate Bond Fund - Direct Plan comes under the Debt category of SBI Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in SBI Corporate Bond Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 21,910.50Cr
1Y Returns
3.65%
Expense Ratio
0.36%
Kotak Corporate Bond Fund - Standard Plan - Direct Plan
Fund Performance: Kotak Corporate Bond Fund - Standard Plan - Direct Plan has given 7.14% annualized returns in the past three years and 6.34% in the last 5 years. The Kotak Corporate Bond Fund - Standard Plan - Direct Plan comes under the Debt category of Kotak Mahindra Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Kotak Corporate Bond Fund - Standard Plan - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 16,877.20Cr
1Y Returns
3.88%
Expense Ratio
0.37%
Bandhan Corporate Bond Fund - Direct Plan
Fund Performance: Bandhan Corporate Bond Fund - Direct Plan has given 7.09% annualized returns in the past three years and 5.94% in the last 5 years. The Bandhan Corporate Bond Fund - Direct Plan comes under the Debt category of Bandhan Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Bandhan Corporate Bond Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 13,499.00Cr
1Y Returns
4.24%
Expense Ratio
0.33%
Axis Corporate Bond Fund - Direct Plan
Fund Performance: Axis Corporate Bond Fund - Direct Plan has given 7.43% annualized returns in the past three years and 6.59% in the last 5 years. The Axis Corporate Bond Fund - Direct Plan comes under the Debt category of Axis Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Axis Corporate Bond Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 8,888.23Cr
1Y Returns
4.32%
Expense Ratio
0.35%
Nippon India Corporate Bond Fund - Direct Plan
Fund Performance: Nippon India Corporate Bond Fund - Direct Plan has given 7.25% annualized returns in the past three years and 6.65% in the last 5 years. The Nippon India Corporate Bond Fund - Direct Plan comes under the Debt category of Nippon India Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Nippon India Corporate Bond Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 8,245.51Cr
1Y Returns
3.80%
Expense Ratio
0.41%
HSBC Corporate Bond Fund - Direct Plan
Fund Performance: HSBC Corporate Bond Fund - Direct Plan has given 6.85% annualized returns in the past three years and 6.05% in the last 5 years. The HSBC Corporate Bond Fund - Direct Plan comes under the Debt category of HSBC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in HSBC Corporate Bond Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 5,991.90Cr
1Y Returns
4.10%
Expense Ratio
0.30%
UTI Corporate Bond Fund - Direct Plan
Fund Performance: UTI Corporate Bond Fund - Direct Plan has given 7.06% annualized returns in the past three years and 6.16% in the last 5 years. The UTI Corporate Bond Fund - Direct Plan comes under the Debt category of UTI Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in UTI Corporate Bond Fund - Direct Plan via lump sum is ₹ 500.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 500.00
AUM
₹ 5,542.92Cr
1Y Returns
3.98%
Expense Ratio
0.32%
Invesco India Corporate Bond Fund - Direct Plan
Fund Performance: Invesco India Corporate Bond Fund - Direct Plan has given 6.97% annualized returns in the past three years and 5.98% in the last 5 years. The Invesco India Corporate Bond Fund - Direct Plan comes under the Debt category of Invesco Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Invesco India Corporate Bond Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 5,493.54Cr
1Y Returns
3.47%
Expense Ratio
0.26%
Tata Corporate Bond Fund - Direct Plan
Fund Performance: Tata Corporate Bond Fund - Direct Plan has given 7.02% annualized returns in the past three years. The Tata Corporate Bond Fund - Direct Plan comes under the Debt category of Tata Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Tata Corporate Bond Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 150.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 3,853.76Cr
1Y Returns
3.46%
Expense Ratio
0.31%
DSP Corporate Bond Fund - Direct Plan
Fund Performance: DSP Corporate Bond Fund - Direct Plan has given 7.02% annualized returns in the past three years and 5.79% in the last 5 years. The DSP Corporate Bond Fund - Direct Plan comes under the Debt category of DSP Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in DSP Corporate Bond Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 2,894.59Cr
1Y Returns
5.37%
Expense Ratio
0.29%
Franklin India Corporate Debt Fund - Direct Plan
Fund Performance: Franklin India Corporate Debt Fund - Direct Plan has given 7.79% annualized returns in the past three years and 6.59% in the last 5 years. The Franklin India Corporate Debt Fund - Direct Plan comes under the Debt category of Franklin Templeton Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Franklin India Corporate Debt Fund - Direct Plan via lump sum is ₹ 10,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 10,000.00
AUM
₹ 1,283.40Cr
1Y Returns
5.34%
Expense Ratio
0.24%
Sundaram Corporate Bond Fund - Direct Plan
Fund Performance: Sundaram Corporate Bond Fund - Direct Plan has given 6.80% annualized returns in the past three years and 5.90% in the last 5 years. The Sundaram Corporate Bond Fund - Direct Plan comes under the Debt category of Sundaram Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Sundaram Corporate Bond Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 250.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 616.17Cr
1Y Returns
3.64%
Expense Ratio
0.32%
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