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 March 31, 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 Fund BIII 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 : 0.39% |
Monthend AUM# | ₹ 188.35 Crores |
Monthly AVG AUM | ₹ 189.96 Crores |
(as on March 31, 2023) | (₹) |
Direct Plan - Growth Option | 19.6577 |
Regular Plan - Growth Option | 18.6125 |
Regular Plan - IDCW (payout/reinvestment) | 11.5550 |
Direct Plan - IDCW (payout/reinvestment) | 12.2050 |
Annualised Portfolio YTM | 7.59% |
Modified Duration | 1.21 Years |
Residual Maturity | 1.75 Years |
Macaulay Duration | 1.40 Years |
Name of the Instruments |
Rating |
% to NAV |
Debt Instruments |
71.33 |
|
HDFC Bank Ltd |
AAA(CRISIL) |
8.02 |
REC Ltd |
AAA(CRISIL) |
7.89 |
Small Industries Development Bank Of India |
AAA(ICRA) |
7.80 |
National Bank For Agriculture & Rural Development |
AAA(CRISIL) |
5.30 |
LIC Housing Finance Ltd |
AAA(CRISIL) |
5.26 |
National Housing Bank |
AAA(CRISIL) |
5.26 |
Bajaj Finance Ltd |
AAA(CRISIL) |
5.21 |
Indian Railway Finance Corporation Ltd |
AAA(CRISIL) |
2.76 |
Axis Bank Ltd |
AAA(CRISIL) |
2.70 |
Power Grid Corporation of India Ltd |
AAA(CRISIL) |
2.67 |
Power Grid Corporation of India Ltd |
AAA(CRISIL) |
2.65 |
Grasim Industries Ltd |
AAA(CRISIL) |
2.65 |
Larsen & Toubro Ltd |
AAA(CRISIL) |
2.65 |
LIC Housing Finance Ltd |
AAA(CRISIL) |
2.64 |
National Housing Bank |
AAA(CRISIL) |
2.63 |
Power Finance Corporation Ltd |
AAA(CRISIL) |
2.63 |
Sundaram Finance Ltd |
AAA(CRISIL) |
2.61 |
Government Securities |
12.02 |
|
9.41% KERALA SDL 30-JAN-24 |
Sovereign |
5.40 |
GOI FRB 2033 (22-SEP-2033) |
Sovereign |
2.65 |
7.26% GOI 2033 (06-FEB-2033) |
Sovereign |
2.65 |
7.26% GOI 2032 (22-AUG-2032) |
Sovereign |
1.32 |
TREPS |
4.90 |
|
Treasury Bills |
3.77 |
|
Other Current Assets |
7.98 |
|
Grand Total ( Net Asset) |
100.00 |
% Allocation |
|
Net Current Assets |
7.98% |
0 to 3 Months |
10.21% |
3 to 6 Months | 5.30% |
6 to 12 Months | 32.67% |
1 -2 years | 23.80% |
Greater than 2 Years | 20.03% |
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 31.3.2023 | ^The expense ratios mentioned for the schemes includes GST on investment management fees. Please click here for disclaimers.