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- ICICI Prudential Corporate Bond Fund
Previously called: ICICI Pru Ultra Short Term-G
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NAV as of(Aug 31, 2021)
₹ 23.22 0.04 % 1-D Change
Returns since inception
- Direct - Growth
- Regular - Growth
Earn upto 0.31% extrareturns with Direct Plan
Not yet ranked
Generated returns consistently
Increased returns for each unit of additional risk
Controlled losses during market corrections
Delivered returns without frequent ups and downs
Minimum SIP amount is ₹
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This fund is non-buyable
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About this Fund
ICICI Prudential Corporate Bond Fund-Growth is a Corporate Bond mutual fund scheme from ICICI Prudential Mutual Fund. This fund has been in existence for 12 yrs 2 m, having been launched on 10/06/2009. ICICI Prudential Corporate Bond Fund-Growth has ₹19,604 Crores worth of assets under management (AUM) as on 30/06/2021 and is medium-sized fund of its category. The fund has an expense ratio of 0.58%, which is higher than what most other Corporate Bond funds charge..
- ICICI Prudential Corporate Bond Fund-Growth returns of last 1-year are 5.88%. Since launch, it has delivered 8.43% average annual returns. The fund has doubled the money invested in it every 9 yrs.
- ICICI Prudential Corporate Bond Fund-Growth schemes ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is high.
- The funds credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
- The funds top holdings are in Housing Development Finance Corpn. Ltd., Power Finance Corpn. Ltd., National Highways Authority of India Ltd., HDB Financial Services Ltd., National Housing Bank.
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Total investment Invested
Current value of investment Current value
You would have earned ₹ 1,001 in Direct Plan of this scheme
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.
- Top Stock Holdings
- Allocation by Market Cap
- Allocation by Sector
Top Stock Holdings
Bifurcation by Holding is not available for this fund
Allocation by Sector
Bifurcation by Sector is not available for this fund
- Top Debt Holdings
- Allocation by Credit Quality
- Allocation by Instruments
Top Debt Holdings
Housing Development Finance Corpn. Ltd. 3.52%
Power Finance Corpn. Ltd. 3.18%
National Highways Authority of India Ltd. 2.71%
HDB Financial Services Ltd. 2.64%
Allocation by Credit Quality
Allocation by Instruments
Non Convertible Debenture 28.61%
State Development Loan 10%
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|Period||Trailing returns||Category average||Rank within category|
|1 month||0.64%||0.6%||6 / 19|
|3 months||1.35%||1.35%||11 / 19|
|6 months||3.02%||3.31%||15 / 18|
|1 year||5.35%||5.18%||8 / 18|
|3 years||8.55%||8.38%||7 / 15|
|5 years||7.75%||7.37%||5 / 13|
|10 years||8.42%||8.2%||5 / 11|
Investors understand that their principal will be at Moderate risk
The scheme seeks to generate income through investing predominantly in AA+ and above rated corporate bonds while maintaining the optimum balance of yield, safety and liquidity.
- Std. Dev : 1.75
- Alpha : 2.75
- Beta : 0.55
- Sharpe : 2.33
- Sortino : 4.51
She holds B.E. degree in IT and CFA degree from CFA Institute, USA.
Prior to joining ICICI Prudential Asset Management Company Limited she has worked with Morgan Stanley Investment Management, HSBC Bank, Standard Chartered Mutual Fund.
Mr. Goswami is a B. Sc (Mathematics and MBA (Finance)
Prior to joining ICICI Prudential AMC he has worked with UTI Bank Ltd. and Franklin Templeton Asset Management Pvt. Ltd.
Mr. Anuj Tagra is a graduate of Guru Gobind Singh Indraprastha University and an MBA from Narsee Monjee Institute of Management Studies
Prior to joining ICICI Prudential AMC he has worked with Union Bank of India and Fidelity Investments.
- Email: email@example.com
- Phone: 022-26525000 / 1800-222-999 / 1800-200-6666
- Address: One BKC , A Wing ,
13th Floor, Bandra Kurla Complex,
Allocation Break-up by Holdings
Allocation Break-up by Sectors
Allocation Break-up by Holdings
Housing Development Finance Corpn. Ltd.3.52%
Power Finance Corpn. Ltd.3.18%
National Highways Authority of India Ltd.2.71%
HDB Financial Services Ltd.2.64%
National Housing Bank2.06%
Pipeline Infrastructure (India) Pvt. Ltd.1.99%
Food Corporation of India1.97%
Uttar Pradesh State1.96%
LIC Housing Finance Ltd.1.78%
Bharat Sanchar Nigam Ltd1.39%
Reliance Utilities and Power Pvt. Ltd1.38%
Rural Electrification Corpn. Ltd.1.38%
John Deere Financial India Pvt. Ltd.1.3%
State Bank of India1.26%
National Bank For Agriculture & Rural Development1.19%
Mahindra & Mahindra Financial Services Ltd.1.04%
Credila Financial Services Pvt. Ltd1.04%
Axis Finance Ltd.1.03%
Tata Capital Financial Services Ltd.0.95%
Chennai Petroleum Corpn. Ltd.0.91%
India Grid Trust0.82%
Citi Corp Finance Ltd0.82%
Nabha Power Ltd.0.8%
Reliance Ports and Terminals Ltd0.8%
Fullerton India Credit Corporation Ltd.0.77%
Tata Capital Housing Finance Ltd.0.74%
Larsen & Toubro Ltd.0.71%
Reliance Industries Ltd.0.68%
Himachal Pradesh State0.64%
Aditya Birla Finance Ltd.0.6%
West Bengal State0.59%
Ultratech Cement Ltd.0.34%
Small Industries Devp. Bank of India Ltd.0.31%
Power Grid Corpn. Of India Ltd.0.31%
Kotak Mahindra Investments Ltd.0.3%
Madhya Pradesh State0.3%
Housing & Urban Development Corpn. Ltd.0.29%
Grasim Industries Ltd.0.26%
First Business Receivable Trust0.26%
Mahanagar Telephone Nigam Ltd.0.2%
Aditya Birla Housing Finance Ltd.0.18%
Andhra Pradesh State0.11%
Britannia Industries Ltd.0.11%
Reliance Retail Ltd.0.1%
Shriram Transport Finance Co. Ltd.0.07%
Indian Railway Finance Corpn. Ltd.0.05%
Bajaj Housing Finance Ltd.0.04%
Axis Bank Ltd.0.03%
Bajaj Finance Ltd.0.01%
Allocation Break-up by Credit Quality
Cash & Call Money2.93%
Allocation Break-up by Instruments
Non Convertible Debenture28.61%
State Development Loan10%
GOI Securities Floating Rate Bond6.51%
Net Current Assets1.29%
Additional Tier 2 Bond1.26%
Zero Coupon Bonds1.22%
Central Government Loan0.87%
Floating Rate Debenture0.18%
Interest Rate Swap-18.75%
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Frequently asked questions
The ICICI Prudential Corporate Bond Fund is a 12 yrs 2 m old fund and has delivered average annual returns of 7.22630340010133% since inception.
ICICI Prudential Corporate Bond Fund Returns
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of ICICI Prudential Corporate Bond Fund for Aug 31, 2021 is 23.22.
ICICI Prudential Corporate Bond Fund-Growth is the regular plan of the fund. For this plan of you pay 0.58% as annual charges. On the other hand if you go for the direct plan available on ETMONEY, you pay 0.27%. Thats 0.31% less.
Regular plans charge more because when you buy them, the fund pays commission to the agent. This is an additional expense for the fund and to cover this expense, the fund takes a bigger share from the returns generated by your investments.
So, the lower annual cost of the direct plan means you will earn 0.31% if you opt for direct plan of ICICI Prudential Corporate Bond Fund
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of ICICI Prudential Corporate Bond Fund is 0.58%. .
Redeeming your investments in ICICI Prudential Corporate Bond Fund is super easy. If you have invested in this fund via ETMONEY, just login into the app, go to the investment section and put the redemption request.
If you have invested in ICICI Prudential Corporate Bond Fund from anywhere else, you can go to the fund house website and put a request through it.
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolios equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesnt update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of ICICI Prudential Corporate Bond Fund is ₹ 19,604 Crs.
The credit rating of the instruments in which the fund invests represents the quality of the borrower.
The ICICI Prudential Corporate Bond Fund allocation by credit quality is given below
|Credit Quality||Percentage of Portfolio|
|Cash & Call Money||2.93%|
The top 3 debt holdings of ICICI Prudential Corporate Bond Fund are as follows
|Holding Name||Percentage of Portfolio|
|Housing Development Finance Corpn. Ltd.||3.52%|
|Power Finance Corpn. Ltd.||3.18%|
|National Highways Authority of India Ltd.||2.71%|
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