ETMONEY

ETMoney

close

Sucess

Great! You have sucessfully subscribed for newsletters for investments

Subcribed email:

  • ICICI Prudential Corporate Bond Fund

cross

logo

Previously called: ICICI Pru Ultra Short Term-G

Invest now

Link copied to clipboard

NAV as of(Aug 31, 2021)

23.22 0.04 % 1-D Change

Returns since inception

Returns

7.23% p.a.

Earn upto 0.31% extrareturns with Direct Plan

ETMONEYs Fund Report Card - ICICI Prudential Corporate Bond Fund

share Share

ETMONEY Rank

ranking

Not yet ranked

Performance Quality info

Very Gooddrop-arrow

Generated returns consistently

3/5

Increased returns for each unit of additional risk info

4/5

Downside Protection info

Excellentdrop-arrow

Controlled losses during market corrections

5/5

Delivered returns without frequent ups and downs

4/5

Minimum SIP amount is ₹

of every month

Please select SIP day

Minimum Lumpsum amount is ₹

This fund is non-buyable

This fund is no longer available to invest

This fund vs

  • Category Avg
  • Gold

Show performance of:

Investment Mode
  • Monthly SIP
  • One-time (Lumpsum)

Investment Period
  • 1 month
  • 3 months
  • 6 months
  • 1 year
  • 3 years
  • 5 years
  • 10 years
  • Max

Scheme Details

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.

.....

investor_personality

Find your investor personality!

Answer a few simple questions and understand why you take the financial decisions you do.

warning

Investment Returns Calculator

  • Monthly SIP
  • One-time (Lumpsum)

of

for

  • 1 Month
  • 3 Months
  • 6 Months
  • 1 year
  • 3 years
  • 5 years
  • 10 years

Total investment Invested

Profit

Current value of investment Current value

You would have earned ₹ 1,001 in Direct Plan of this scheme

Total valueProfit
  • Absolute
  • Annualized

This fund

Category Average

Bank FD

Gold

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.

Latest Asset & Portfolio Allocation

as on Jul 31, 2021

  • Equity0%
  • Debt78.32%
  • Other21.68%
  • 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%

Comparison with corporate bond Funds

as on Sep 01, 2021

Lowest
0.37%

Highest
0.87%

Pick time period to see return

  • 1m
  • 3m
  • 6m
  • 1y
  • 3y
  • 5y

Sign-up for free to view funds trailing returns and ratings

Trailing Returns and Ranks

as on Sep 01, 2021

PeriodTrailing returnsCategory averageRank within category
1 month0.64%0.6%6 / 19
3 months1.35%1.35%11 / 19
6 months3.02%3.31%15 / 18
1 year5.35%5.18%8 / 18
3 years8.55%8.38%7 / 15
5 years7.75%7.37%5 / 13
10 years8.42%8.2%5 / 11

Riskometer

Level of Risk in the Scheme

Moderate

Investors understand that their principal will be at Moderate risk

ICICI Prudential Corporate Bond Fund

DEBT CORPORATE BOND

Investment objective

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.

Performance Ratios

  • Std. Dev : 1.75
  • Alpha : 2.75
  • Beta : 0.55
  • Sharpe : 2.33
  • Sortino : 4.51

Fund Manager

  • Profile

    Chandni Gupta

    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.

  • Profile

    Rahul Goswami

    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.

  • Profile

    Anuj Tagra

    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.

ICICI

ICICI Prudential Mutual Fund

TOTAL AUM:

₹ 4,29,229 Crs

As on Jun 30, 2021

  • Email: enquiry@icicipruamc.com
  • Phone: 022-26525000 / 1800-222-999 / 1800-200-6666
  • Address: One BKC , A Wing ,
    13th Floor, Bandra Kurla Complex,

    Mumbai, 400051

0

Frequently asked questions

How are the returns of ICICI Prudential Corporate Bond Fund ?

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

1-Year3-Year5-Year10-YearSince Inception
5.35%8.55%7.75%8.42%7.22630340010133%

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 QualityPercentage of Portfolio
AAA71.13%
SOV25.94%
Cash & Call Money2.93%

The top 3 debt holdings of ICICI Prudential Corporate Bond Fund are as follows

Holding NamePercentage of Portfolio
Housing Development Finance Corpn. Ltd.3.52%
Power Finance Corpn. Ltd.3.18%
National Highways Authority of India Ltd.2.71%

Say hello

Find us at the office

Schwede- Busard street no. 40, 77937 Riyadh, Saudi Arabia

Give us a ring

Smith Waltimyer
+86 488 682 876
Mon - Fri, 10:00-17:00

Join us