Bandhan Corporate Bond Fund Direct Growth

Bandhan Corporate Bond Fund Direct Growth

Debt

Direct

Corporate Bond

NAV as on 30-11-2024

₹ 18.81

Inception Returns

7.4%

/yr

About Bandhan Corporate Bond Fund Direct Growth

Bandhan Corporate Bond Fund Direct Growth is a debt fund. This fund was started on 12 January, 2016. The fund is managed by Gautam Kaul, Suyash Choudhary. This fund is suitable to keep your money safe.

Key Parameters

  1. Bandhan Corporate Bond Fund Direct Growth has ₹14098 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.3.

Returns

Bandhan Corporate Bond Fund Direct Growth has given a CAGR return of 7.37% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.04%, 5.84% and 6.73% respectively.

Holdings

Bandhan Corporate Bond Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2033, 7.1% Govt Stock 2034, National Housing Bank, Export-Import Bank of India 7.4%, Bajaj Housing Finance Ltd. 7.78%

Taxation

As it is a corporate bond mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Bandhan Corporate Bond Fund Direct Growth

The Fund seeks to provide steady income and capital appreciation by investing primarily in AA+ and above rated corporate debt securities across maturities.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Bandhan Corporate Bond Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
266 people have invested ₹ 12.4L in Bandhan Corporate Bond Fund Direct Growth in the last three months

Bandhan Corporate Bond Fund Direct Growth Overview

Expense ratio0.33%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹14098 Cr
Inception Date12 January, 2016
Min Lumpsum/SIP₹1000/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
138.14%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (30-Nov-24)

Period
Bandhan Corporate Bond Fund Direct Growth
Corporate Bond Index
1M
0.6%
0.5%
3M
2%
1.7%
6M
4.3%
3.9%
1Y
8%
7.9%
3Y
5.8%
5.8%
5Y
6.7%
6.1%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Government
52.7%
Corporate
43.7%
Cash Equivalent
3.6%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 13.7K Cr
₹ 13.7K Cr
₹ 13.6K Cr
  • AUM of the fund stands at 13.7K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Cash allocation has gone up from 3.4% to 3.6%
Cash allocation has gone up from 3.4% to 3.6%
Debt allocation has gone down from 96.3% to 96.2%
Debt allocation has gone down from 96.3% to 96.2%

Top 2 Sectors in October were Government, Corporate

Oct'24
Government
53%
Corporate
44%
Sep'24
Government
50%
Corporate
47%
  • Debt & Cash

Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
18.02%
2.5%
7.1% Govt Stock 2034
7.1% Govt Stock 2034
9.17%
0%
National Housing Bank
National Housing Bank
5.97%
0%
Export-Import Bank of India 7.4%
Export-Import Bank of India 7.4%
5.7%
2.9%
Bajaj Housing Finance Ltd. 7.78%
Bajaj Housing Finance Ltd. 7.78%
5.66%
0%
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Gautam Kaul
Gautam Kaul
Fund Manager of Bandhan Corporate Bond Fund Direct Growth, since 1 December 2021
Suyash Choudhary
Suyash Choudhary
Fund Manager of Bandhan Corporate Bond Fund Direct Growth, since 28 July 2021
Fund House
Bandhan Asset Management Company Limited
Total AUM
₹1.6L Cr
as on 31-Oct-2024
Address
Bandhan Asset Management Company Limited,6th Floor, 841, One World Center,Jupiter Mill, Senapati Bapat Marg, Elphinstone Road (West), Mumbai
Phone
022-66289999
Website
investormf@bandhanamc.com

Mutual Fund Insights

Insights icon
In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 6.94% return, outperforming this fund by 1.1% per annum.
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In the last 1 year, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 9.12% return, outperforming this fund by 1.08%.
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Over the last 1 month, this fund has experienced a 3.0% growth in AUM moving from 13.68K Cr to 14.09K Cr.
Insights icon
In the last 5 years, Axis Corporate Bond Fund Direct Growth has given 7.35% return, outperforming this fund by 0.62% per annum.
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This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.33% which is lower than the category average expense ratio of 0.5%.
Insights icon
Over the last 1 year, this fund has increased expense ratio by 6.5% moving from 0.31 to 0.33.

Bandhan Corporate Bond Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.37% since inception which is more than its category average return of 5.7%
AUM size ₹14098 Cr

AUM size ₹14098 Cr

This fund has AUM of ₹14098 Cr which is more than its category average of ₹ 6823 Cr
Expense Ratio 0.33%

Expense Ratio 0.33%

This fund has an expense ratio of 0.33% which is less than its category average expense ratio of 0.59%

Frequently Asked Questions for Bandhan Corporate Bond Fund Direct Growth

The current NAV of Bandhan Corporate Bond Fund Direct Growth is ₹18.81 as on 30-Nov-2024.
Existing (Absolute + CAGR) as on 30-Nov-2024.
Bandhan Corporate Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.6%
0.6%
6 Month Returns
4.32%
4.32%
1 Year Returns
8.04%
8.04%
3 Years Returns
18.57%
5.84%
5 Years Returns
38.47%
6.73%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.33% as on November 2024
₹14098 Cr as on November 2024
7.18% Govt Stock 2033(18.02%), 7.1% Govt Stock 2034(9.17%), National Housing Bank(5.97%), Export-Import Bank of India 7.4%(5.7%), Bajaj Housing Finance Ltd. 7.78%(5.66%) as on November 2024
Government(51.7%), Corporate(43.68%), Cash Equivalent(4.62%) as on November 2024
Yield to Maturity is 7.32 as on November 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 3.09 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Gautam Kaul, Suyash Choudhary are the fund managers of Bandhan Corporate Bond Fund Direct Growth
The Exit load of Bandhan Corporate Bond Fund Direct Growth is 0%