Corporate Bond Fund - An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A relatively high interest rate risk and moderate credit risk.
(as on June 30, 2023)
SCHEME OBJECTIVE | The Scheme seeks to generate income and capital appreciation through a portfolio constituted predominantly of AA+ and above rated Corporate Debt across maturities. However, there can be no assurance that the investment objective of the scheme will be realized |
DATE OF ALLOTMENT | 7th February, 2014 |
BENCHMARK | CRISIL Corporate Bond B-III Index |
FUND MANAGER | 1) Mr. Avnish Jain 2) Ms. Suman Prasad |
TOTAL EXPERIENCE | 1) 27 Years 2) 24 Years |
MANAGING THIS FUND | 1) Since 7-Feb-14 2) Since 18-July-22 |
ASSET ALLOCATION | AA+ and above rated Corporate Debt of varying maturities - 80% to 100% (Risk- Low to Medium) Other Debt (including government securities) and Money Market Instruments - 0% to 20% (Risk- Low to Medium) Reits/Invits- 0% to 10% (Risk- Medium to High) |
MINIMUM INVESTMENT | ₹ 5000 and in multiples of ₹ 1 thereafter Subsequent purchases: Minimum amount of ₹ 1000 and multiples of ₹ 1 thereafter SIP: For Any date/monthly frequency – ₹ 1000 and in multiples of ₹ 1 thereafter For quarterly frequency – ₹ 2000 and in multiples of ₹ 1 thereafter STP: For Daily/Weekly/Monthly frequency – ₹ 1000 and in multiples of ₹ 1 thereafter For quarterly frequency – ₹ 2000 and in multiples of ₹ 1 thereafter SWP: For monthly frequency – ₹ 1000 and in multiples of ₹ 1 thereafter For quarterly frequency – ₹ 2000 and in multiples of ₹ 1 thereafter |
PLANS / OPTIONS | Regular Plan - Reinvestment of Income Distribution cum Capital Withdrawal Option Regular Plan - Payout of Income Distribution cum Capital Withdrawal Option Regular Plan - Growth Option Direct Plan - Reinvestment of Income Distribution cum Capital Withdrawal Option Direct Plan - Payout of Income Distribution cum Capital Withdrawal Option Direct Plan - Growth Option |
ENTRY LOAD | Nil |
EXIT LOAD | If redeemed/switched-out within 90 Days from the date of allotment: 0.50% If redeemed/switched-out after 90 Days from the date of allotment: Nil |
EXPENSE RATIO^: |
Regular Plan : 1.03% Direct Plan : 0.38% |
Monthend AUM# | ₹ 185.35 Crores |
Monthly AVG AUM | ₹ 187.50 Crores |
(as on June 30, 2023) | (₹) |
Direct Plan - Growth Option | 20.0386 |
Regular Plan - Growth Option | 18.9458 |
Regular Plan - IDCW (payout/reinvestment) | 11.4710 |
Direct Plan - IDCW (payout/reinvestment) | 12.1301 |
Annualised Portfolio YTM | 7.36% |
Modified Duration | 2.50 Years |
Residual Maturity | 3.37 Years |
Macaulay Duration | 2.72 Years |
Name of the Instruments |
Rating |
% to NAV |
Debt Instruments |
|
72.86 |
HDFC Bank Ltd |
AAA(CRISIL) |
8.16 |
REC Ltd |
AAA(CRISIL) |
8.06 |
Small Industries Development Bank Of India |
AAA(ICRA) |
7.99 |
Power Finance Corporation Ltd |
AAA(CRISIL) |
5.46 |
Grasim industries Ltd |
AAA(CRISIL) |
5.41 |
National Bank For Agriculture & Rural Development |
AAA(CRISIL) |
5.40 |
LIC Housing Finance Ltd |
AAA(CRISIL) |
5.38 |
National Housing Bank |
AAA(CRISIL) |
5.37 |
Bajaj Finance Ltd |
AAA(CRISIL) |
5.33 |
Indian Railway Finance Corporation Ltd |
AAA(CRISIL) |
2.81 |
Axis Bank Ltd |
AAA(CRISIL) |
2.74 |
LIC Housing Finance Ltd |
AAA(CRISIL) |
2.70 |
Grasim Industries Ltd |
AAA(CRISIL) |
2.70 |
Power Finance Corporation Ltd |
AAA(CRISIL) |
2.68 |
Sundaram Finance Ltd |
AAA(CRISIL) |
2.67 |
Government Securities |
|
18.99 |
7.26% GOI 2033 (06-FEB-2033) |
Sovereign |
10.90 |
7.39% TAMIL NADU SDL 10-MAY-33 |
Sovereign |
5.40 |
7.10% GOI 2029 (18-APR-2029) |
Sovereign |
2.69 |
Money Market Instruments |
|
5.03 |
Treasury Bills |
|
1.30 |
TREPS |
|
3.73 |
Other Current Assets |
|
3.12 |
Grand Total ( Net Asset) |
|
100.00 |
% Allocation |
|
Net Current Assets |
3.11% |
0 to 3 Months |
3.73% |
3 to 6 Months | 18.72% |
6 to 12 Months | 14.73% |
1 -2 years | 18.87% |
More than 2 Years | 40.83% |
This product is suitable for investors who are seeking*: | |
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*Investors should consult their financial advisers if in doubt about whether the product is suitable for them. |
$ Source ICRA MFI Explorer | #Monthend AUM / Quantitative Information as on 30.06.2023 | ^The expense ratios mentioned for the schemes includes GST on investment management fees. Please click here for disclaimers.