ICICI CORPORATE BOND FUND

ICICI Corporate Bond Fund invests primarily in high-grade corporate bonds or debt funds with a credit rating of AA+ and above. The Fund portfolio comprises 70% investment in AAA debt, 26.5% in sovereign debt, and 3.5% in cash and call money.

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ICICI Corporate Bond Fund is available in 4 categories:

  • Regular Growth
  • Regular IDCW
  • Direct Growth
  • Direct IDCW

Investment Facts

Parameter

Details

Fund Name 

ICICI Corporate Bond Fund

Fund House

ICICI Prudential Mutual Fund

Launch Date 

June 2009

Benchmark

CRISIL AAA ST Bond Index

Type

Open-Ended

Minimum Investment 

Rs 100

Minimum Additional Investment: Rs 100

Minimum SIP Investment: Rs 1,000

Lock-in Period

Not applicable

Entry Load

Nil

Exit Load

Nil

Return Performance

Above Average

Fund Consistency

Moderate

Risk Level

Below Average

Investment Objective

ICICI Corporate Bond Fund targets to earn returns by actively managing a portfolio of debt securities of top, creditworthy corporations. The Fund invests in debt securities comprising, among other things, AA+ rated corporate debt securities, money market instruments, and government securities. 

Fund Summary

  1. ICICI Corporate Bond Fund Regular Plan-Growth

    • Risk level- Moderate
    • NAV-Rs. 22.971 as of 07.07.2021
    • Expense Ratio-0.58 % as on 31.05.2021
    • Fund Started-12.06.2009
  2. ICICI Corporate Bond Fund Regular Plan IDCW

    • Risk level- Moderate
    • NAV-Rs. 10.1023 as of 07.07.2021 (Daily)
    • NAV-Rs. 10.2941 as of 07.07.2021 (Weekly)
    • NAV-Rs. 10.2227 as of 07.07.2021 (Fortnightly)
    • NAV-Rs. 10.3733 as of 07.07.2021 (Monthly)
    • NAV-Rs. 10.7272 as of 07.07.2021 (Quarterly)
    • NAV-Rs. 12.7443 as of 07.07.2021 (Half Yearly)
    • daily, weekly, fortnightly, monthly, quarterly, half-yearly basis or on an annual basis
    • Expense Ratio-0.58 % as on 31.05.2021
    • Fund Started-12.06.2009
  3. ICICI Corporate Bond Fund Direct Plan-Growth

    • Risk level- Moderate
    • NAV-Rs. 8199 as of 07.07.2021
    • Expense Ratio-0.27%
    • Fund Started-01.01.2013
  4. ICICI Corporate Bond Fund Direct Plan IDCW

    • Risk level- Moderate
    • NAV-Rs. 10.2193 as of 07.07.2021 (Daily)
    • NAV-Rs. 10.2251 as of 07.07.2021 (Weekly)
    • NAV-Rs. 12.1627 as of 07.07.2021 (Fortnightly)
    • NAV-Rs. 10.2193 as of 07.07.2021 (Monthly)
    • NAV-Rs. 14.8192 as of 07.07.2021 (Quarterly)
    • NAV-Rs. 12.9821 as of 07.07.2021 (Half Yearly)
    • Expense Ratio-0.27%
    • Fund Started-01.01.2013

Fund Returns Summary

  1. ICICI Corporate Bond Fund Regular Plan Growth-Returns Summary

    Period

    Returns Per Year (Annualized)

    6 Months

    1.62%

    1 year

    5.15%

    2 years

    8.34%

    3 years

    8.58%

    5 years

    7.90%

    10-years

    8.45%

    Since Inception

    7.23%

  2. ICICI Corporate Bond Fund Regular Plan IDCW- Returns Summary (Annualized)

    Period

    Daily

    Weekly

    Fortnightly

    6 Month

    1.62%

    1.62%

    1.61%

    1 Year

    5.15%

    5.13%

    5.12%

    2 Year

    7.40%

    7.30%

    7.31%

    3 Year

    7.09%

    7.04%

    7.04%

    5 Year

    6.61%

    6.30%

    6.06%

    10 Year

    6.86%

    6.28%

    6.50%

    Since Inception

    5.74%

    5.53%

    5.12%

     

    Period

    Monthly

    Quarterly

    Half Yearly 

    6 Month

    1.61%

    1.58%

    1.56%

    1 Year

    5.12%

    5.04%

    4.77%

    2 Year

    7.29%

    7.28%

    6.52%

    3 Year

    7.02%

    7.05%

    6.97%

    5 Year

    6.26%

    5.82%

    6.93%

    10 Year

    6.50%

    -

    -

    Since Inception

    5.32%

    5.32%

    7.24%

    *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

  3. ICICI Corporate Bond Fund Direct Plan Growth-Returns Summary

    Period

    Returns Per Year (Annualized)

    6 Months

    1.78%

    1 year

    5.48%

    2 years

    8.67%

    3 years

    8.91%

    5 years

    8.24%

    Since Inception

    8.81%

  4. ICICI Corporate Bond Fund Direct Plan IDCW- Returns Summary (Annualized)

    Period

    Daily

    Weekly

    Fortnightly

    6 Month

    1.78%

    1.77%

    1.77%

    1 Year

    5.48%

    5.47%

    5.46%

    2 Year

    7.74%

    7.61%

    7.69%

    3 Year

    7.34%

    7.32%

    7.91%

    5 Year

    6.46%

    6.51%

    7.41%

    Since Inception

    6.76%

    6.83%

    7.32%

     

    Period

    Monthly

    Quarterly

    Half Yearly 

    6 Month

    1.77%

    1.74%

    1.71%

    1 Year

    5.44%

    5.36%

    5.07%

    2 Year

    7.57%

    8.45%

    6.78%

    3 Year

    7.28%

    8.76%

    7.24%

    5 Year

    6.38%

    8.15%

    7.24%

    Since Inception

    6.77%

    8.26%

    7.49%

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Summative Pros and Cons

Pros

Cons

One may expect returns from the Scheme that are generally higher than bank fixed deposits.

In the short term, corporate bond funds are vulnerable to price volatility due to interest rate movements.

The risk of incurring a loss in a corporate bond fund is minimal.

The Fund has no scheduled repayment of capital or contracted returns, unlike a bank deposit.

Benefits of ICICI Corporate Bond Fund

Investment in ICICI Corporate Bond Fund provides the following benefits to the investors.

  • Proven Track Record: The Fund House has an impressive track record of 20+ years, with a history of successful investing through many business cycles. 
  • Optimum Investment Allocation: The Fund is bound by SEBI regulations to invest a minimum of 80% in AA+ and above rated corporate bonds, guided by the outlook on credit quality, liquidity, and interest rates. It has developed a well-diversified portfolio of debt instruments, which generates attractive returns.

Fund House Details

ICICI Corporate Bond Fund is part of the Fund House and trust, ICICI Prudential Mutual Fund. Its AMC is ICICI Prudential Asset Management Company Limited. The Fund has a diversified product portfolio with over 68 schemes with active investors. These schemes exceed 60 lakhs across 300 locations in India. 

The Fund House shareholders are:

  • ICICI Bank: 51% holdings
  • Prudential Plc: 49% holdings

Mr Sankaran Naren is the CIO and has been associated with the Fund House for more than 15 years.

Who Should Invest in ICICI Corporate Bond Fund?

Funds such as ICICI Corporate Bond Fund are ideal for an investment horizon of 2-3 years but may not suit all types of investors. Investors having the capability to bear through the risk of short-term price volatility can invest in this fund for a 2-3 year period.

Wrapping It Up

ICICI Corporate Bond Fund’s annualized returns have outperformed its benchmark. Over 2-3 years tenure, one can expect to earn superior returns than a bank fixed deposit.

FAQ's

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