Insights of HDFC Corporate Bond Fund

Mutual Fund

HDFC Corporate Bond Fund is an open-ended debt fund under the category of corporate bond. Previously this fund was named HDFC Medium Term Opportunities Fund. The investment objective of HDFC Corporate Bond Fund is to yield capital and regular income by investing in debt instruments, AA+ and above rated corporate bonds. However the fund does not guarantee the return.

HDFC Corporate Bond Fund was launched on June 29, 2010. The return of this fund is 7.80% and 8.64% respectively for the last 3 year and 5 year. The investors can opt for 2 types of investment options namely- HDFC Corporate Bond Fund growth plan and HDFC Corporate Bond Fund dividend plan. The asset allocation of this fund in debt instruments which are based on high liquidity, credit quality and interest rates. 

HDFC Corporate Bond Fund Facts

  • HDFC Corporate Bond Fund portfolio allocates at least 80% in AA+ and above rated corporate bonds. Also, it invests in government securities and other debt instruments.
  • If you invest in HDFC Corporate Bond Fund growth scheme, the return you earned will be stable and risk adjusted.
  • You can go for HDFC Corporate Bond mutual fund investment scheme online in India with just few clicks.
  • This fund is suitable for those who wants to invest over a period of medium to short term in order to earn a stable income.

Top 5 Sectors of HDFC Corporate Bond Fund

S.No. Holding Name Net Assets (in %)
1 Miscellaneous 86.29
2 Miscellaneous 6.62
3 Miscellaneous 2.32
4 Miscellaneous 2.04
5 Miscellaneous 1.78

(as on 18/04/2019)

Top 10 Holdings of HDFC Corporate Bond Fund

S.No. Holding Name Net Assets (in %)
1 Reliance Industries Ltd. 4.35
2 LIC Housing Finance Ltd. 4.3
3 National Highways Authority of India 3.41
4 ONGC Petro additions Ltd. (OPAL) (Put on ONGC Ltd.) 3.18
5 Housing Development Fin. Corp. Ltd. 2.92
6 ONGC Petro additions Ltd. (OPAL) (Put on ONGC Ltd.) 2.66
7 State Bank of India 2.2
8 Power Grid Corporation of India Ltd 2.16
9 Reliance Jio Infocomm Limited 2.15
10 Housing Development Fin. Corp. Ltd. 2.14

(as on 18/04/2019)

HDFC Corporate Bond Fund Details

Launch Date- June 29, 2010

Fund Manager- Mr. Anupam Joshi

Risk- Moderately Low

Benchmark- CRISIL Composite Bond Fund Index

Return Since Launch- 8.68%

AUM- Rs. 11796.10 crore (as on 31st Mar, 2019)

Following is the performance of HDFC Corporate Bond Fund-

  1-Year 3-Year 5-Year 10-Year
Fund 7.52 7.80 8.64
VR Bond 6.62 6.54 7.74
Category 6.47 6.94 7.89
Rank within Category 4 4 4
Number of funds in category 17 16 13
As on Apr 18, 2019

 

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