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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
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
-
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
-
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
-
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
-
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
-
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%
-
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%
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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
-
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%
-
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
-
Q. Should I use the SIP route to invest in ICICI Corporate Bond Fund?
Ans: Debt funds tend to be subjected to volatility due to interest rate movements in the short term. Given this characteristic, the SIP route is advisable to risk investing at a high NAV in a fund such as ICICI Corporate Bond Fund. -
Q. Is ICICI Corporate Bond Fund an effective investment tool for long-term wealth creation?
Ans: ICICI Corporate Bond Fund aims to earn stable returns and is not expected to earn significantly higher than inflation in the long term. Being a debt fund, its returns may not create long-term wealth. However, it also depends on your requirements and investment objectives. -
Q. What are the risks of investing in the ICICI Corporate Bond Fund?
Ans: Investments of a corporate debt fund face inherent risks such as price volatility, reinvestment risk, and default risk. To counter these risks, the Fund Manager endeavours to construct a portfolio comprising corporates with superior creditworthiness and rating. -
Q. Where can I get data to analyze the performance of the ICICI Corporate Bond Fund?
Ans: Investors may visit the Fund or the bank website to analyze the Fund’s past performance. -
Q. What is the AUM of ICICI Corporate Bond Fund?
Ans: The AUM of ICICI Corporate Bond Fund is Rs 19,871 crore (as of 31-May-2021), which is a good indicator of its confidence. However, the AUM should not be the key criteria at the time of choosing a fund to invest in.
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ