PGIM India Corporate Bond Fund Direct Growth
Debt
Direct
Corporate Bond
NAV as on 27-11-2024
₹ 45.53
Inception Returns
7.6%
/yr
About PGIM India Corporate Bond Fund Direct Growth
PGIM India Corporate Bond Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Puneet Pal, Bhupesh Kalyani. This fund is suitable to keep your money safe.
Key Parameters
- PGIM India Corporate Bond Fund Direct Growth has ₹96 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
PGIM India Corporate Bond Fund Direct Growth has given a CAGR return of 7.56% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.54%, 6.32% and 6.81% respectively.
Holdings
PGIM India Corporate Bond Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Cash Equivalent. Its top holdings are National Bank for Agriculture and Rural Development 7.68%, 7.23% Govt Stock 2039, Axis Finance Limited, Bajaj Housing Finance Limited, Aditya Birla Housing Finance Ltd. 8.2%
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:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of PGIM India Corporate Bond Fund Direct Growth
The investment objective of the Scheme is to seek to generate income and capital appreciation by predominantly investing in AA+ and above rated corporate bonds.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. PGIM India Corporate Bond Fund Direct Growth has no lock in period.
Historical NAV & Returns
PGIM India Corporate Bond Fund Direct Growth Overview
| Expense ratio | 0.29% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹96 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 213% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (27-Nov-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 96 Cr as of Oct'24
- AUM decreased by 0.6 Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Corporate & Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 National Bank for Agriculture and Rural Development 7.68% | 8.97% | 0% | |
7.23% Govt Stock 2039 | 7.08% | -50.3% | |
Axis Finance Limited | 5.27% | 0% | |
Sikka Ports & Terminals Limited | 5.26% | 0% | |
Bajaj Housing Finance Limited | 5.26% | 0% |
Mutual Fund Insights
PGIM India Corporate Bond Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹96 Cr
Expense Ratio 0.29%
Frequently Asked Questions for PGIM India Corporate Bond Fund Direct Growth
PGIM India Corporate Bond Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.52% | 0.52% |
6 Month Returns | 4.26% | 4.26% |
1 Year Returns | 8.54% | 8.54% |
3 Years Returns | 20.17% | 6.32% |
5 Years Returns | 39.04% | 6.81% |
- 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.
AAA | 96.38 |
AA | 3.62 |