ICICI Prudential Corporate Bond Fund Direct Growth

ICICI Prudential Corporate Bond Fund Direct Growth

Debt

Direct

Corporate Bond

NAV as on 04-12-2024

₹ 29.76

0.1%

1D

Inception Returns

8.2%

/yr

About ICICI Prudential Corporate Bond Fund Direct Growth

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

Key Parameters

  1. ICICI Prudential Corporate Bond Fund Direct Growth has ₹27237 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

ICICI Prudential Corporate Bond Fund Direct Growth has given a CAGR return of 8.22% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.55%, 6.82% and 7.18% respectively.

Holdings

ICICI Prudential Corporate Bond Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, 7.93% Govt Stock 2033, National Bank For Agriculture And Rural Development, Pipeline Infrastructure Private Limited, Small Industries Development Bank Of India

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
5258 people have invested ₹ 3Cr in ICICI Prudential Corporate Bond Fund Direct Growth in the last three months

ICICI Prudential Corporate Bond Fund Direct Growth Overview

Expense ratio0.35%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹27237 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
95.81%
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 (04-Dec-24)

Period
ICICI Prudential Corporate Bond Fund Direct Growth
Corporate Bond Index
1M
0.7%
0.6%
3M
2.1%
1.8%
6M
4.5%
4.3%
1Y
8.6%
8.2%
3Y
6.8%
5.9%
5Y
7.2%
6.2%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
98.4%

AA
1.6%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
65%
Government
31.6%
Cash Equivalent
3.4%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 27.2K Cr
₹ 26.9K Cr
₹ 26.9K Cr
  • AUM of the fund stands at 27.2K Cr as of Oct'24
  • AUM increased by 310.8 Cr between Oct'24 and Sep'24
Cash allocation has gone down from 4% to 3.4%
Cash allocation has gone down from 4% to 3.4%
Debt allocation has gone up from 95.8% to 96.4%
Debt allocation has gone up from 95.8% to 96.4%

Top 2 Sectors in October were Corporate, Government

Oct'24
Corporate
65%
Government
32%
Sep'24
Corporate
66%
Government
30%
  • Debt & Cash

Holdings
Weight%
1M Change
7.1% Govt Stock 2034
7.1% Govt Stock 2034
9.24%
29.7%
7.93% Govt Stock 2033
7.93% Govt Stock 2033
7.78%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
3.17%
0%
Pipeline Infrastructure Private Limited
Pipeline Infrastructure Private Limited
3.01%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
2.32%
0%
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Manish Banthia
Manish Banthia
Fund Manager of ICICI Prudential Corporate Bond Fund Direct Growth, since 22 January 2024
Ritesh Lunawat
Ritesh Lunawat
Fund Manager of ICICI Prudential Corporate Bond Fund Direct Growth, since 22 January 2024
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.35L Cr
as on 31-Oct-2024
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com

Mutual Fund Insights

Insights icon
In the last 5 years, Axis Corporate Bond Fund Direct Growth has given 7.38% return, outperforming this fund by 0.2% per annum.
Insights icon
In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 7.02% return, outperforming this fund by 0.2% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.35% which is lower than the category average expense ratio of 0.5%.
Insights icon
In the last 1 year, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 9.4% return, outperforming this fund by 0.85%.
Insights icon
Over the last 6 months, this fund has increased expense ratio by 9.4% moving from 0.32 to 0.35.

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 8.22% since inception which is more than its category average return of 5.72%
AUM size ₹27237 Cr

AUM size ₹27237 Cr

This fund has AUM of ₹27237 Cr which is more than its category average of ₹ 6833 Cr
Expense Ratio 0.35%

Expense Ratio 0.35%

This fund has an expense ratio of 0.35% which is less than its category average expense ratio of 0.59%

Frequently Asked Questions for ICICI Prudential Corporate Bond Fund Direct Growth

The current NAV of ICICI Prudential Corporate Bond Fund Direct Growth is ₹29.76 as on 04-Dec-2024.
Existing (Absolute + CAGR) as on 04-Dec-2024.
ICICI Prudential Corporate Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.74%
0.74%
6 Month Returns
4.46%
4.46%
1 Year Returns
8.55%
8.55%
3 Years Returns
21.9%
6.82%
5 Years Returns
41.44%
7.18%
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.
0.35% as on November 2024
₹27237 Cr as on November 2024
7.1% Govt Stock 2034(9.24%), 7.93% Govt Stock 2033(7.78%), National Bank For Agriculture And Rural Development(3.17%), Pipeline Infrastructure Private Limited(3.01%), Small Industries Development Bank Of India(2.32%) as on November 2024
Corporate(64.88%), Government(31.19%), Cash Equivalent(3.94%) as on November 2024
Yield to Maturity is 7.63 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 2.32 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
98.37
AA
1.63
Manish Banthia, Ritesh Lunawat are the fund managers of ICICI Prudential Corporate Bond Fund Direct Growth
The Exit load of ICICI Prudential Corporate Bond Fund Direct Growth is 0%