ICICI Prudential Corporate Bond Fund Direct Growth

Debt
Direct
Corporate Bond
ICICI Prudential Corporate Bond Fund Direct Growth

About the Fund

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

Key Parameters

  1. ICICI Prudential Corporate Bond Fund Direct Growth has ₹26685 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

ICICI Prudential Corporate Bond Fund Direct Growth has given a CAGR return of 8.20% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.95%, 6.43% and 7.31% respectively.

Holdings

ICICI Prudential Corporate Bond Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent, Securitize. Its top holdings are 7.18% Govt Stock 2033, 8.34% Govt Stock 2033, National Bank For Agriculture And Rural Development, Pipeline Infrastructure Ltd., HDFC Bank Limited

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 ICICI Prudential Corporate Bond Fund Direct Growth

To generate income through investing predominantly in AA+ and above rated corporate bonds while maintaining the optimum balance of yield, safety and liquidity. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum Investment and lockin period

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

Fund Performance
zero opening, trading, fund transfer fee
4719 people have invested ₹ 4.5Cr in ICICI Prudential Corporate Bond Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.34%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹26685 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
95.81%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
55.3%
Government
38.1%
Cash Equivalent
6.5%
Securitize
0%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
9.83%
0.8%
8.34% Govt Stock 2033
8.34% Govt Stock 2033
8.11%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
3.18%
0%
Pipeline Infrastructure Ltd.
Pipeline Infrastructure Ltd.
2.99%
0%
HDFC Bank Limited
HDFC Bank Limited
2.57%
0%

Mutual Fund Insights

Insights icon
In the last 1 year, HDFC Corporate Bond Fund -Direct Plan - Growth Option has given 8.02% return, outperforming this fund by 0.07%.
Insights icon
In the last 5 years, Axis Corporate Debt Fund Direct Growth has given 7.58% return, outperforming this fund by 0.28% per annum.
Insights icon
Over the last 15 months, this fund has increased expense ratio by 13.3% moving from 0.30 to 0.34.
Insights icon
This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.34% which is lower than the category average expense ratio of 0.49%.
Insights icon
In the last 3 years, this fund has outperformed all funds in its category.

ICICI Prudential 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 8.2% since inception which is more than its category average return of 5.53%
AUM size ₹26685 Cr

AUM size ₹26685 Cr

This fund has AUM of ₹26685 Cr which is more than its category average of ₹ 6114 Cr
Expense Ratio 0.34%

Expense Ratio 0.34%

This fund has an expense ratio of 0.34% which is less than its category average expense ratio of 0.59%

Frequently Asked Questions

The current NAV of ICICI Prudential Corporate Bond Fund Direct Growth is ₹28.75 as on 10-Jul-2024.
Existing (Absolute + CAGR) as on 10-Jul-2024.
ICICI Prudential Corporate Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.77%
0.77%
6 Month Returns
4.03%
4.03%
1 Year Returns
7.95%
7.95%
3 Years Returns
20.57%
6.43%
5 Years Returns
42.27%
7.31%
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.
0.34% as on June 2024
₹26685 Cr as on June 2024
7.18% Govt Stock 2033(9.83%), 8.34% Govt Stock 2033(8.11%), National Bank For Agriculture And Rural Development(3.18%), Pipeline Infrastructure Ltd.(2.99%), HDFC Bank Limited(2.57%) as on June 2024
Corporate(58.33%), Government(33.61%), Cash Equivalent(8.03%) as on June 2024
Yield to Maturity is 7.81 as on June 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 2.78 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
The Exit load of ICICI Prudential Corporate Bond Fund Direct Growth is 0%