HDFC Corp Bond Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 30.5928   0.0195(0.064 %) NAV as on 16 Jul 2024
Prime Rating: 4.5 
Prime Recommendation: Upgrade to see

Fund type:
Debt
AUM (in crores):
₹ 29,024.3
Fund category:
Corporate Bond
Fund manager(s):
Anupam Joshi
Benchmark:
NIFTY Corporate Bond Index
Minimum investment:
₹ 100
Launch date:
01 Jan 2013
Min. additional investment:
₹ 100
Expense ratio:
0.35 %
Exit load:
Nil

Scheme Objective: 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.


Performance (As on 16 Jul 2024)

>
1 week returns3 month returns6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme0.21 % 2.23 %4.35 % 7.89 % 6.01 %7.03 % 8.10 %

Portfolio

Top 10 instruments
Type
Allocation (%)
Rating
8.34% Floating Rate GOI 2033
Government Securities
4.49%
Sovereign
7.23% GOI MAT 150439
Government Securities
3.16%
Sovereign
7.1% GOI MAT 080434
Government Securities
3.12%
Sovereign
7.18% GOI MAT 140833
Government Securities
2.95%
Sovereign
8% Floating Rate GOI 2034
Government Securities
2.59%
Sovereign
Net Current Assets
Cash & Cash Equivalents and Net Assets
2.52%
Cash
7.58% National Bank for Agri & Rural Dev.
Corporate Debt
2.06%
CRISIL - AAA
6.18% MANGALORE REFINERY AND PETROCHEMICA^
Corporate Debt
1.91%
CARE - AAA
8.95% Reliance Industries Ltd.^
Corporate Debt
1.81%
CRISIL - AAA
7.8% HDFC Bank Ltd.u00a3
Corporate Debt
1.73%
CRISIL - AAA

About this category

Corporate bond debt funds invest in a variety of debt instruments such as corporate and bank bonds, PSU bonds, and government securities. They invest at least 80% of their portfolio in debt papers rate AA+ and above and portfolios are therefore made up of high-quality instruments. Returns primarily come from interest accrued on bonds held, though some funds with longer maturities may also sometimes earn from bond price appreciation. Average maturities for these funds can vary from short-term to long term.

Suitability

These funds suit any investor with investment horizons around 3 years and longer. They can be higher-return alternatives to fixed deposits in exchange for a little higher risk, or part of debt allocations of long-term portfolios.

Taxation

For investments made before April 1st, 2023

Short-term: Holding period is less than 36 months.

Taxation: Capital gains are taxed at individuals slab rate


Long-term: Holding period is 36 months or more.

Taxation: Capital gains are taxed at 20% with indexation benefit.

For investments made on and after April 1st, 2023

All capital gains are treated as short-term capital gains irrespective of holding period and will be taxed at individuals slab rate.

How are mutual fundstaxed

How are mutual funds taxed?

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