ICICI Prudential Corporate Bond Fund Growth - Latest NAV, Returns, Performance & Portfolio

ICICI Prudential Corporate Bond

  • highlight8.09%
  • highlight0.02(0.09%)

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Min amount: 1000

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 6 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years8.09%
3 Years7.44%
1 Year8.46%
6 Months4.62%
Fund Details
ISININF109K01CQ1
RiskModerate Risk
Fund TypeCorporate Bond
NAV19.2224
Exit Load--

More about this fundstar

Top HoldingsWeightage
TATA CAPITAL FINANCIAL SERVICES LIMITED3.79%
Reliance Industries Limited3.59%
Reliance Jio Infocomm Limited2.43%
Housing And Urban Development Corporation Ltd.2.42%
PIPELINE INFRASTRUCTURE PRIVATE LIMITED2.29%
John Deere Financial India Pvt. Ltd.2.28%
National Housing Bank2.28%
LIC HOUSING FINANCE LIMITED2.26%
Power Finance Corporation Ltd.2.18%
Power Finance Corporation Ltd.1.94%

About ICICI Prudential Corporate Bond Fund

The ICICI Prudential Corporate Bond Fund is an open-ended debt scheme. It seeks to generate income by investing predominantly in AA+ and above rated corporate bonds while endeavoring to maintain an optimal balance between liquidity, safety, and yield. It was formerly known as ICICI Prudential Ultra Short Term Plan and was renamed as ICICI Prudential Corporate Bond Fund on May 28, 2018.

Pros & Cons of ICICI Prudential Corporate Bond Fund

  1. The scheme invests a minimum of 80% of its total assets in AA+ and above rated corporate bonds. The rest is invested in other debt and money market instruments. It is suitable for investors seeking medium-term savings.
  2. As on September 30, 2018, the scheme is ranked 1 under CRISIL’s Corporate Bond Fund category.
  3. Further, it has generated returns of 8.15% per year over the last 5 years (as on January 09, 2019).

Fund Information and Statistics of ICICI Prudential Corporate Bond Fund

i) Inception / Launch date

The scheme was launched on 05 April 2011 by ICICI Prudential Mutual Fund.

ii) Risk level

According to the investment objective and asset allocation of the scheme, it has a moderate risk-level associated with it.

iii) Redemption

The minimum redemption amount is Rs. 500. Further, the redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.

iv) Fund Manager

The Fund Managers of the ICICI Prudential Corporate Bond Fund are: Mr. Rohan Maru (since January 2015) Ms. Chandni Gupta (since August 2016) Mr. Rahul Goswami (since October 2017)

v) Entry / Exit load

There is no entry load or exit load in this scheme.

Tax benefits of investing in ICICI Prudential Corporate Bond Fund

The following taxes are applicable to income arising from investing in this scheme: 1. STCG from the debt component is added to the investor’s income and taxed as per the income-tax slab. 2. LTCG component is taxed at 20% with indexation benefits.

About ICICI Mutual Fund

ICICI Prudential Balanced Advantage Fund is managed by ICICI Mutual Fund AMC, one of India’s largest Fund houses with a proven track record of delivering returns. The fund has been on the forefront of financial innovation leading to a well-diversified portfolio of around 47 mutual fund products, across equity and debt.

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Start your investment

Min amount: 1000

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 6 Lakhs in a period of 20 years
Need help?
Moderate Risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns