HDFC Corporate Bond Fund Direct Growth

HDFC Corporate Bond Fund Direct Growth

NAV as on 26-03-2025

₹ 32.41

0.1%

1D

Inception Returns

8.1%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
2376 people have invested ₹ 2.3Cr in HDFC Corporate Bond Fund Direct Growth in the last three months

About HDFC Corporate Bond Fund Direct Growth

HDFC Corporate Bond Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Anupam Joshi. This fund is suitable to keep your money safe.

Key Parameters

  1. HDFC Corporate Bond Fund Direct Growth has ₹31898 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

HDFC Corporate Bond Fund Direct Growth has given a CAGR return of 8.14% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.70%, 7.01% and 7.58% respectively.

Holdings

HDFC Corporate Bond Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.23% Government Of India (15/04/2039), 7.93% Govt Stock 2033, 6.92% Govt Stock 2039, 7.53% Govt Stock 2034, State 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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of HDFC Corporate Bond Fund Direct Growth

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.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. HDFC Corporate Bond Fund Direct Growth has no lock in period.

HDFC Corporate Bond Fund Direct Growth Overview

Expense ratio0.36%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹31898 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
45.36%
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
Low to Moderate Risk

Trailing Returns

as on (26-Mar-25)

Period
HDFC Corporate Bond Fund Direct Growth
Corporate Bond Index
1M
0.9%
0.2%
3M
2.1%
1.2%
6M
3.7%
2.7%
1Y
8.7%
6.9%
3Y
7%
6.1%
5Y
7.6%
6.6%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
100%

Sector Allocation

Feb'25

Jan'25

Dec'24

Corporate
60.8%
Government
36%
Cash Equivalent
3.2%
All changes are between Oct'69 and Dec'69
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 32.2K Cr
₹ 32.4K Cr
₹ 32.4K Cr
  • AUM of the fund stands at 32.2K Cr as of Feb'25
  • AUM decreased by 229.9 Cr between Feb'25 and Jan'25
Top Stocks bought last month
State Bank Of India's allocation increased from 0.16% to 2.46%
State Bank Of India's allocation increased from 0.16% to 2.46%
Rural Electrification Corporation Limited's allocation increased from 0.17% to 1.44%
Rural Electrification Corporation Limited's allocation increased from 0.17% to 1.44%
National Highways Authority Of India's allocation increased from 0.08% to 1.31%
National Highways Authority Of India's allocation increased from 0.08% to 1.31%
Top Stocks sold last month
Mangalore Refinery And Petrochemicals Limited's allocation decreased from 5.26 % to 1.73 %
Mangalore Refinery And Petrochemicals Limited's allocation decreased from 5.26 % to 1.73 %
Reliance Industries Limited's allocation decreased from 5.26 % to 1.62 %
Reliance Industries Limited's allocation decreased from 5.26 % to 1.62 %
LIC Housing Finance Limited's allocation decreased from 5.26 % to 1.54 %
LIC Housing Finance Limited's allocation decreased from 5.26 % to 1.54 %
Cash allocation has gone down from 4% to 3.2%
Cash allocation has gone down from 4% to 3.2%
Debt allocation has gone up from 95.8% to 96.5%
Debt allocation has gone up from 95.8% to 96.5%

Top 2 Sectors in February were Corporate, Government

Feb'25
Corporate
61%
Government
36%
Jan'25
Corporate
61%
Government
35%
  • Debt & Cash

Holdings
Weight%
1M Change
7.23% Government Of India (15/04/2039)
7.23% Government Of India (15/04/2039)
4.05%
-28.7%
7.93% Govt Stock 2033
7.93% Govt Stock 2033
4.03%
0%
6.92% Govt Stock 2039
6.92% Govt Stock 2039
3.16%
-13%
7.53% Govt Stock 2034
7.53% Govt Stock 2034
2.57%
0%
State Bank Of India
State Bank Of India
2.47%
0%
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Anupam Joshi
Anupam Joshi
Fund Manager of HDFC Corporate Bond Fund Direct Growth, since 27 October 2015
Fund House
HDFC Asset Management Co Ltd
Total Schemes
Total AUM
₹8.05L Cr
as on 28-Feb-2025
Address
HDFC Asset Management Company Limited,“HUL House”, 2nd Floor,,H.T. Parekh Marg,165-166, Backbay Reclamation,,Churchgate,
Phone
+912266316333
Website
cliser@hdfcfund.com

Mutual Fund Insights

Insights icon
In the last 5 years, Axis Corporate Bond Fund Direct Growth has given 7.97% return, outperforming this fund by 0.39% per annum.
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In the last 1 year, Tata Corporate Bond Fund Direct Growth has given 8.92% return, outperforming this fund by 0.22%.
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This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.36% which is lower than the category average expense ratio of 0.5%.
Insights icon
In the last 3 years, ICICI Prudential Corporate Bond Fund Direct Plan Growth has given 7.44% return, outperforming this fund by 0.43% per annum.
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Over the last 6 months, this fund has experienced a 3.3% growth in AUM moving from 30.87K Cr to 31.89K Cr.
Insights icon
This fund with AUM at ₹31897.99Cr is among the largest funds in the corporate bond category.

HDFC Corporate Bond Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 8.14% since inception which is more than its category average return of 6.27%
AUM size ₹31898 Cr

AUM size ₹31898 Cr

This fund has AUM of ₹31898 Cr which is more than its category average of ₹ 7835 Cr
Expense Ratio 0.36%

Expense Ratio 0.36%

This fund has an expense ratio of 0.36% which is less than its category average expense ratio of 0.51%

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1Y CAGR

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HDFC Gilt Fund Direct Plan Growth Option

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Frequently Asked Questions for HDFC Corporate Bond Fund Direct Growth

The current NAV of HDFC Corporate Bond Fund Direct Growth is ₹32.41 as on 26-Mar-2025.
Existing (Absolute + CAGR) as on 26-Mar-2025.
HDFC Corporate Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.85%
0.85%
6 Month Returns
3.68%
3.68%
1 Year Returns
8.7%
8.7%
3 Years Returns
22.56%
7.01%
5 Years Returns
44.12%
7.58%
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.
0.36% as on February 2025
₹31898 Cr as on February 2025
7.23% Government Of India (15/04/2039)(4.05%), 7.93% Govt Stock 2033(4.03%), 6.92% Govt Stock 2039(3.16%), 7.53% Govt Stock 2034(2.57%), State Bank Of India(2.47%) as on February 2025
Corporate(61.24%), Government(35.55%), Cash Equivalent(3.21%) as on February 2025
Yield to Maturity is 7.5 as on February 2025. 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 3.8 as on February 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Anupam Joshi is the fund manager of HDFC Corporate Bond Fund Direct Growth
The Exit load of HDFC Corporate Bond Fund Direct Growth is 0%