HDFC Corporate Bond Fund -Direct Plan - Growth Option
Debt
Direct
Corporate Bond
NAV: ₹ 30.16 as on 16-05-2024
About the Fund
HDFC Corporate Bond Fund -Direct Plan - Growth Option 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
- HDFC Corporate Bond Fund -Direct Plan - Growth Option has ₹28968 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.4.
Fund Performance
1431 people have invested ₹ 2.6Cr in HDFC Corporate Bond Fund -Direct Plan - Growth Option in the last three months
Overview
 | 0.35% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹28968 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 58.61% |
HDFC Corporate Bond Fund -Direct Plan - Growth Option Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
50.6%
Government
46.5%
Cash Equivalent
2.9%
Securitize
0.1%
Top Holdings of HDFC Corporate Bond Fund -Direct Plan - Growth Option as on (30-Apr-24)
Debt Holdings204
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 8.34% Govt Stock 2033 | 4.95% | 1.7% | |
8% Govt Stock 2034 | 2.6% | -10.3% | |
Hdb Financial Services Limited | 2.5% | 0% | |
National Bank For Agriculture And Rural Development | 2.06% | -11.1% | |
Mangalore Refinery And Petrochemicals Limited | 1.91% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 29K Cr as of Apr'24
- AUM increased by 536.3 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 1 year, ICICI Prudential Corporate Bond Fund Direct Plan Growth has given 7.66% return, outperforming this fund by 0.19%.
In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 6.22% return, outperforming this fund by 0.46% per annum.
In the last 5 years, HSBC Corporate Bond Fund Direct Plan Growth Plan has given 7.81% return, outperforming this fund by 0.37% per annum.
This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.35% which is lower than the category average expense ratio of 0.49%.
Over the last 1 year, this fund has increased expense ratio by 9.4% moving from 0.32 to 0.35.
Peer Analysis
Fund Manager
Anupam Joshi
Fund Manager of HDFC Corporate Bond Fund -Direct Plan - Growth Option, since 27 October 2015
Top funds managed
HDFC Corporate Bond Fund -Direct Plan - Growth Option Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 8.08% since inception which is more than its category average return of 5.47%
AUM size ₹28968 Cr
This fund has AUM of ₹28968 Cr which is more than its category average of ₹ 6116 Cr
Expense Ratio 0.35%
This fund has an expense ratio of 0.35% which is less than its category average expense ratio of 0.59%
Frequently Asked Questions
The current NAV of HDFC Corporate Bond Fund -Direct Plan - Growth Option is ₹30.16 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
HDFC Corporate Bond Fund -Direct Plan - Growth Option | Absolute Returns | CAGR Returns |
1 Month Returns | 0.67% | 0.67% |
6 Month Returns | 4.1% | 4.1% |
1 Year Returns | 7.47% | 7.47% |
3 Years Returns | 18.31% | 5.76% |
5 Years Returns | 43.18% | 7.44% |
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.
0.35% as on April 2024
₹28968 Cr as on April 2024
8.34% Govt Stock 2033(4.95%), 8% Govt Stock 2034(2.6%), Hdb Financial Services Limited(2.5%), National Bank For Agriculture And Rural Development(2.06%), Mangalore Refinery And Petrochemicals Limited(1.91%) as on April 2024
Corporate(50.56%), Government(46.49%), Cash Equivalent(2.89%) as on April 2024
Yield to Maturity is 7.73 as on April 2024. 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 3.02 as on April 2024. 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 Plan - Growth Option
The Exit load of HDFC Corporate Bond Fund -Direct Plan - Growth Option is 0%