HDFC Corporate Bond Fund Direct Growth

HDFC Corporate Bond Fund Direct Growth

Debt

Direct

Corporate Bond

NAV as on 12-12-2024

₹ 31.72

Inception Returns

8.1%

/yr

About HDFC Corporate Bond Fund Direct Growth

HDFC Corporate Bond Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Anupam Joshi. This fund is suitable to keep your money safe.

Key Parameters

  1. HDFC Corporate Bond Fund Direct Growth has ₹32511 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

HDFC Corporate Bond Fund Direct Growth has given a CAGR return of 8.14% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.16%, 6.50% and 7.30% respectively.

Holdings

HDFC Corporate Bond Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.23% Govt Stock 2039, 7.93% Govt Stock 2033, State Bank Of India, 7.53% Govt Stock 2034, 6.79% Govt Stock 2034

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 HDFC Corporate Bond Fund Direct Growth

To generate income/capital appreciation through investments predominantly in AA+ and above rated corporate bonds. There is no assurance that the investment objective of the Scheme will be realized.

Minimum Investment and lockin period

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
2010 people have invested ₹ 3.2Cr in HDFC Corporate Bond Fund Direct Growth in the last three months

HDFC Corporate Bond Fund Direct Growth Overview

Expense ratio0.36%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹32511 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
45.36%
STCGSelling mutual fund 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 (12-Dec-24)

Period
HDFC Corporate Bond Fund Direct Growth
Corporate Bond Index
1M
0.6%
0.5%
3M
2.1%
1.7%
6M
4.6%
4%
1Y
9.2%
8.1%
3Y
6.5%
5.8%
5Y
7.3%
6.3%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
55.5%
Government
41.4%
Cash Equivalent
3.1%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 32.1K Cr
₹ 31.3K Cr
₹ 30.4K Cr
  • AUM of the fund stands at 32.1K Cr as of Oct'24
  • AUM increased by 771.1 Cr between Oct'24 and Sep'24
Cash allocation has gone up from 3% to 3.1%
Cash allocation has gone up from 3% to 3.1%
Debt allocation has gone down from 96.8% to 96.7%
Debt allocation has gone down from 96.8% to 96.7%

Top 2 Sectors in October were Corporate, Government

Oct'24
Corporate
56%
Government
41%
Sep'24
Corporate
58%
Government
39%
  • Debt & Cash

Holdings
Weight%
1M Change
7.23% Govt Stock 2039
7.23% Govt Stock 2039
10.33%
51.2%
7.93% Govt Stock 2033
7.93% Govt Stock 2033
3.92%
0%
State Bank Of India
State Bank Of India
2.43%
100%
7.53% Govt Stock 2034
7.53% Govt Stock 2034
2.31%
0%
6.79% Govt Stock 2034
6.79% Govt Stock 2034
1.76%
0%
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Anupam Joshi
Anupam Joshi
Fund Manager of HDFC Corporate Bond Fund Direct Growth, since 27 October 2015
Fund House
HDFC Asset Management Co Ltd
Total Schemes
Total AUM
₹8.1L Cr
as on 31-Oct-2024
Address
HDFC Asset Management Company Limited,“HUL House”, 2nd Floor,,H.T. Parekh Marg,165-166, Backbay Reclamation,,Churchgate,
Phone
+912266316333
Website
cliser@hdfcfund.com

Mutual Fund Insights

Insights icon
In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 6.99% return, outperforming this fund by 0.49% per annum.
Insights icon
Over the last 6 months, this fund has experienced a 12.3% growth in AUM moving from 28.95K Cr to 32.51K Cr.
Insights icon
In the last 5 years, Axis Corporate Bond Fund Direct Growth has given 7.52% return, outperforming this fund by 0.21% per annum.
Insights icon
In the last 1 year, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 9.32% return, outperforming this fund by 0.16%.
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This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.36% which is lower than the category average expense ratio of 0.5%.
Insights icon
Over the last 6 months, this fund has increased expense ratio by 2.9% moving from 0.35 to 0.36.

HDFC 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 8.14% since inception which is more than its category average return of 5.71%
AUM size ₹32511 Cr

AUM size ₹32511 Cr

This fund has AUM of ₹32511 Cr which is more than its category average of ₹ 6821 Cr
Expense Ratio 0.36%

Expense Ratio 0.36%

This fund has an expense ratio of 0.36% which is less than its category average expense ratio of 0.59%

Frequently Asked Questions for HDFC Corporate Bond Fund Direct Growth

The current NAV of HDFC Corporate Bond Fund Direct Growth is ₹31.72 as on 12-Dec-2024.
Existing (Absolute + CAGR) as on 12-Dec-2024.
HDFC Corporate Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.61%
0.61%
6 Month Returns
4.61%
4.61%
1 Year Returns
9.16%
9.16%
3 Years Returns
20.8%
6.5%
5 Years Returns
42.26%
7.3%
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.
0.36% as on November 2024
₹32511 Cr as on November 2024
7.23% Govt Stock 2039(10.33%), 7.93% Govt Stock 2033(3.92%), State Bank Of India(2.43%), 7.53% Govt Stock 2034(2.31%), 6.79% Govt Stock 2034(1.76%) as on November 2024
Corporate(58.33%), Government(38.68%), Cash Equivalent(2.99%) as on November 2024
Yield to Maturity is 7.39 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 3.89 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Anupam Joshi is the fund manager of HDFC Corporate Bond Fund Direct Growth
The Exit load of HDFC Corporate Bond Fund Direct Growth is 0%