ICICI Pru Corp Bond Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 29.3949   0.0112(0.038 %) NAV as on 10 Oct 2024
Prime Rating: 5 
Prime Recommendation: Upgrade to see

Fund type:
Debt
AUM (in crores):
₹ 26,853.66
Fund category:
Corporate Bond
Fund manager(s):
Manish Banthia, Ritesh Lunawat
Benchmark:
NIFTY Corporate Bond Index
Minimum investment:
₹ 100
Launch date:
02 Jan 2013
Min. additional investment:
₹ 100
Expense ratio:
0.35 %
Exit load:
N/A

Scheme Objective: To generate income through investing predominantly in AA+ and above rated corporate bonds while maintaining the optimum balance of yield, safety and liquidity.


Performance (As on 10 Oct 2024)

>
1 week returns3 month returns6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme0.20 % 2.24 %4.25 % 8.44 % 6.66 %7.28 % 8.21 %

Portfolio

Top 10 instruments
Type
Allocation (%)
Rating
Government Securities
Government Securities
8.25%
Sov
Government Securities
Government Securities
5.16%
Sov
NABARD
Corporate Debt
3.22%
CRISIL AAA
Pipeline Infrastructure Pvt Ltd. **
Corporate Debt
3.06%
CRISIL AAA
Net Current Assets
Cash & Cash Equivalents and Net Assets
2.66%
Cash
Government Securities
Government Securities
2.55%
Sov
Small Industries Development Bank Of India. **
Corporate Debt
2.35%
ICRA AAA
Small Industries Development Bank Of India. **
Corporate Debt
2.33%
ICRA AAA
Bharat Petroleum Corporation Ltd. **
Corporate Debt
2.2%
CRISIL AAA
India Universal Trust **
PTC & Securitized Debt
2%
FITCH AAA(SO)

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
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