Best Corporate Bond Funds

Fund Name
AUM
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ICICI Prudential Corporate Bond Fund Direct Plan Monthly IDCW Payout

ICICI Prudential Corporate Bond Fund Direct Plan Monthly IDCW Payout

Debt Corporate Bond Fund

₹26,684.87 Cr.

6.49%

5

ICICI Prudential Corporate Bond Fund Direct Plan Monthly IDCW Reinvestment

ICICI Prudential Corporate Bond Fund Direct Plan Monthly IDCW Reinvestment

Debt Corporate Bond Fund

₹26,684.87 Cr.

6.49%

5

ICICI Prudential Corporate Bond Fund

ICICI Prudential Corporate Bond Fund

Debt Corporate Bond Fund

₹26,684.87 Cr.

6.49%

5

Nippon India Corporate Bond Fund Direct Plan IDCW Payout

Nippon India Corporate Bond Fund Direct Plan IDCW Payout

Debt Corporate Bond Fund

₹3,246.69 Cr.

6.4%

5

Nippon India Corporate Bond Fund Direct Plan IDCW Reinvestment

Nippon India Corporate Bond Fund Direct Plan IDCW Reinvestment

Debt Corporate Bond Fund

₹3,246.69 Cr.

6.4%

5

Nippon India Corporate Bond Fund

Nippon India Corporate Bond Fund

Debt Corporate Bond Fund

₹3,246.69 Cr.

6.4%

5

Nippon India Corporate Bond FundBonus

Nippon India Corporate Bond FundBonus

Debt Corporate Bond Fund

₹3,246.69 Cr.

6.4%

5

Nippon India Corporate Bond Fund Direct Plan Weekly IDCW Payout

Nippon India Corporate Bond Fund Direct Plan Weekly IDCW Payout

Debt Corporate Bond Fund

₹3,246.69 Cr.

6.33%

5

Nippon India Corporate Bond Fund Direct Plan Weekly IDCW Reinvestment

Nippon India Corporate Bond Fund Direct Plan Weekly IDCW Reinvestment

Debt Corporate Bond Fund

₹3,246.69 Cr.

6.33%

5

Nippon India Corporate Bond Fund Direct Plan Monthly IDCW Reinvestment

Nippon India Corporate Bond Fund Direct Plan Monthly IDCW Reinvestment

Debt Corporate Bond Fund

₹3,246.69 Cr.

6.32%

5

Nippon India Corporate Bond Fund Direct Plan Monthly IDCW Payout

Nippon India Corporate Bond Fund Direct Plan Monthly IDCW Payout

Debt Corporate Bond Fund

₹3,246.69 Cr.

6.32%

5

Nippon India Corporate Bond Fund Direct Plan Daily IDCW Reinvestment

Nippon India Corporate Bond Fund Direct Plan Daily IDCW Reinvestment

Debt Corporate Bond Fund

₹3,246.69 Cr.

6.32%

5

Axis Corporate Debt Fund

Axis Corporate Debt Fund

Debt Corporate Bond Fund

₹5,386.52 Cr.

6.22%

4.5

ICICI Prudential Corporate Bond Fund Direct Plan Quarterly IDCW Reinvestment

ICICI Prudential Corporate Bond Fund Direct Plan Quarterly IDCW Reinvestment

Debt Corporate Bond Fund

₹26,684.87 Cr.

6.2%

5

ICICI Prudential Corporate Bond Fund Direct Plan Quarterly IDCW Payout

ICICI Prudential Corporate Bond Fund Direct Plan Quarterly IDCW Payout

Debt Corporate Bond Fund

₹26,684.87 Cr.

6.2%

5

Axis Corporate Debt Fund Direct Plan Monthly IDCW Payout

Axis Corporate Debt Fund Direct Plan Monthly IDCW Payout

Debt Corporate Bond Fund

₹5,386.52 Cr.

6.18%

4.5

Axis Corporate Debt Fund Direct Plan Monthly IDCW Reinvestment

Axis Corporate Debt Fund Direct Plan Monthly IDCW Reinvestment

Debt Corporate Bond Fund

₹5,386.52 Cr.

6.18%

4.5

Axis Corporate Debt Fund Direct Plan Regular IDCW Payout

Axis Corporate Debt Fund Direct Plan Regular IDCW Payout

Debt Corporate Bond Fund

₹5,386.52 Cr.

6.18%

4.5

Axis Corporate Debt Fund Direct Plan Regular IDCW Reinvestment

Axis Corporate Debt Fund Direct Plan Regular IDCW Reinvestment

Debt Corporate Bond Fund

₹5,386.52 Cr.

6.18%

4.5

Axis Corporate Debt Fund Direct Plan Weekly IDCW Payout

Axis Corporate Debt Fund Direct Plan Weekly IDCW Payout

Debt Corporate Bond Fund

₹5,386.52 Cr.

6.17%

4.5

Axis Corporate Debt Fund Direct Plan Weekly IDCW Reinvestment

Axis Corporate Debt Fund Direct Plan Weekly IDCW Reinvestment

Debt Corporate Bond Fund

₹5,386.52 Cr.

6.17%

4.5

HDFC Corporate Bond Fund Quarterly IDCW Direct Plan Payout

HDFC Corporate Bond Fund Quarterly IDCW Direct Plan Payout

Debt Corporate Bond Fund

₹29,024.30 Cr.

6.13%

4.5

HDFC Corporate Bond Fund Quarterly IDCW Direct Plan Reinvestment

HDFC Corporate Bond Fund Quarterly IDCW Direct Plan Reinvestment

Debt Corporate Bond Fund

₹29,024.30 Cr.

6.13%

4.5

Axis Corporate Debt Fund Direct Plan Daily IDCW Reinvestment

Axis Corporate Debt Fund Direct Plan Daily IDCW Reinvestment

Debt Corporate Bond Fund

₹5,386.52 Cr.

6.12%

4.5

Aditya Birla Sun Life Corporate Bond Fund Direct IDCW Payout

Aditya Birla Sun Life Corporate Bond Fund Direct IDCW Payout

Debt Corporate Bond Fund

₹20,005.55 Cr.

6.11%

5

Aditya Birla Sun Life Corporate Bond Fund

Aditya Birla Sun Life Corporate Bond Fund

Debt Corporate Bond Fund

₹20,005.55 Cr.

6.11%

5

Nippon India Corporate Bond Fund Direct Plan Quarterly IDCW Payout

Nippon India Corporate Bond Fund Direct Plan Quarterly IDCW Payout

Debt Corporate Bond Fund

₹3,246.69 Cr.

6.07%

5

Nippon India Corporate Bond Fund Direct Plan Quarterly IDCW Reinvestment

Nippon India Corporate Bond Fund Direct Plan Quarterly IDCW Reinvestment

Debt Corporate Bond Fund

₹3,246.69 Cr.

6.07%

5

HDFC Corporate Bond Fund

HDFC Corporate Bond Fund

Debt Corporate Bond Fund

₹29,024.30 Cr.

6.03%

4.5

HDFC Corporate Bond Fund IDCW Direct Plan Reinvestment

HDFC Corporate Bond Fund IDCW Direct Plan Reinvestment

Debt Corporate Bond Fund

₹29,024.30 Cr.

6.03%

4.5

HDFC Corporate Bond Fund IDCW Direct Plan Payout

HDFC Corporate Bond Fund IDCW Direct Plan Payout

Debt Corporate Bond Fund

₹29,024.30 Cr.

6.03%

4.5

Kotak Corporate Bond Fund

Kotak Corporate Bond Fund

Debt Corporate Bond Fund

₹12,722.87 Cr.

6.01%

4

Aditya Birla Sun Life Corporate Bond Fund Direct Monthly IDCW Payout

Aditya Birla Sun Life Corporate Bond Fund Direct Monthly IDCW Payout

Debt Corporate Bond Fund

₹20,005.55 Cr.

5.94%

5

PGIM India Corporate Bond Fund

PGIM India Corporate Bond Fund

Debt Corporate Bond Fund

₹97.11 Cr.

5.85%

2.5

Franklin India Corporate Debt Fund Plan A Direct Monthly IDCW Payout

Franklin India Corporate Debt Fund Plan A Direct Monthly IDCW Payout

Debt Corporate Bond Fund

₹782.95 Cr.

5.78%

2

Franklin India Corporate Debt Fund Plan A Direct Monthly IDCW Reinvestment

Franklin India Corporate Debt Fund Plan A Direct Monthly IDCW Reinvestment

Debt Corporate Bond Fund

₹782.95 Cr.

5.78%

2

UTI Corporate Bond Fund Direct Plan Flexi IDCW Payout

UTI Corporate Bond Fund Direct Plan Flexi IDCW Payout

Debt Corporate Bond Fund

₹3,723.82 Cr.

5.75%

2.5

UTI Corporate Bond Fund Direct Plan Flexi IDCW Reinvestment

UTI Corporate Bond Fund Direct Plan Flexi IDCW Reinvestment

Debt Corporate Bond Fund

₹3,723.82 Cr.

5.75%

2.5

UTI Corporate Bond Fund

UTI Corporate Bond Fund

Debt Corporate Bond Fund

₹3,723.82 Cr.

5.75%

2.5

UTI Corporate Bond Fund Direct Plan Annual IDCW Payout

UTI Corporate Bond Fund Direct Plan Annual IDCW Payout

Debt Corporate Bond Fund

₹3,723.82 Cr.

5.75%

2.5

UTI Corporate Bond Fund Direct Plan Annual IDCW Reinvestment

UTI Corporate Bond Fund Direct Plan Annual IDCW Reinvestment

Debt Corporate Bond Fund

₹3,723.82 Cr.

5.75%

2.5

UTI Corporate Bond Fund Direct Plan Quarterly IDCW Payout

UTI Corporate Bond Fund Direct Plan Quarterly IDCW Payout

Debt Corporate Bond Fund

₹3,723.82 Cr.

5.74%

2.5

UTI Corporate Bond Fund Direct Plan Quarterly IDCW Reinvestment

UTI Corporate Bond Fund Direct Plan Quarterly IDCW Reinvestment

Debt Corporate Bond Fund

₹3,723.82 Cr.

5.74%

2.5

UTI Corporate Bond Fund Direct Plan Half Yearly IDCW Payout

UTI Corporate Bond Fund Direct Plan Half Yearly IDCW Payout

Debt Corporate Bond Fund

₹3,723.82 Cr.

5.74%

2.5

UTI Corporate Bond Fund Direct Plan Half Yearly IDCW Reinvestment

UTI Corporate Bond Fund Direct Plan Half Yearly IDCW Reinvestment

Debt Corporate Bond Fund

₹3,723.82 Cr.

5.74%

2.5

PGIM India Corporate Bond Fund Direct Plan Quarterly Dividend Payout

PGIM India Corporate Bond Fund Direct Plan Quarterly Dividend Payout

Debt Corporate Bond Fund

₹97.11 Cr.

5.73%

2.5

PGIM India Corporate Bond Fund Direct Plan Quarterly Dividend Reinvestment

PGIM India Corporate Bond Fund Direct Plan Quarterly Dividend Reinvestment

Debt Corporate Bond Fund

₹97.11 Cr.

5.73%

2.5

PGIM India Corporate Bond Fund Direct Plan Annual Dividend Reinvestment

PGIM India Corporate Bond Fund Direct Plan Annual Dividend Reinvestment

Debt Corporate Bond Fund

₹97.11 Cr.

5.73%

2.5

PGIM India Corporate Bond Fund Direct Plan Annual Dividend Payout

PGIM India Corporate Bond Fund Direct Plan Annual Dividend Payout

Debt Corporate Bond Fund

₹97.11 Cr.

5.73%

2.5

PGIM India Corporate Bond Fund Direct Plan Monthly Dividend Payout

PGIM India Corporate Bond Fund Direct Plan Monthly Dividend Payout

Debt Corporate Bond Fund

₹97.11 Cr.

5.72%

2.5

PGIM India Corporate Bond Fund Direct Plan Monthly Dividend Reinvestment

PGIM India Corporate Bond Fund Direct Plan Monthly Dividend Reinvestment

Debt Corporate Bond Fund

₹97.11 Cr.

5.72%

2.5

SBI Corporate Bond Fund

SBI Corporate Bond Fund

Debt Corporate Bond Fund

₹20,285.67 Cr.

5.71%

2

SBI Corporate Bond Fund Direct Plan Quarterly IDCW Payout

SBI Corporate Bond Fund Direct Plan Quarterly IDCW Payout

Debt Corporate Bond Fund

₹20,285.67 Cr.

5.71%

2

SBI Corporate Bond Fund Direct Plan Quarterly IDCW Reinvestment

SBI Corporate Bond Fund Direct Plan Quarterly IDCW Reinvestment

Debt Corporate Bond Fund

₹20,285.67 Cr.

5.71%

2

SBI Corporate Bond Fund Direct Plan Monthly IDCW Payout

SBI Corporate Bond Fund Direct Plan Monthly IDCW Payout

Debt Corporate Bond Fund

₹20,285.67 Cr.

5.71%

2

SBI Corporate Bond Fund Direct Plan Monthly IDCW Reinvestment

SBI Corporate Bond Fund Direct Plan Monthly IDCW Reinvestment

Debt Corporate Bond Fund

₹20,285.67 Cr.

5.71%

2

Franklin India Corporate Debt Fund Plan A Direct Half Yearly IDCW Payout

Franklin India Corporate Debt Fund Plan A Direct Half Yearly IDCW Payout

Debt Corporate Bond Fund

₹782.95 Cr.

5.71%

2

Franklin India Corporate Debt Fund Plan A Direct Half Yearly IDCW Reinvestment

Franklin India Corporate Debt Fund Plan A Direct Half Yearly IDCW Reinvestment

Debt Corporate Bond Fund

₹782.95 Cr.

5.71%

2

Franklin India Corporate Debt Fund Plan A Direct Quarterly IDCW Payout

Franklin India Corporate Debt Fund Plan A Direct Quarterly IDCW Payout

Debt Corporate Bond Fund

₹782.95 Cr.

5.7%

2

Franklin India Corporate Debt Fund Plan A Direct Quarterly IDCW Reinvestment

Franklin India Corporate Debt Fund Plan A Direct Quarterly IDCW Reinvestment

Debt Corporate Bond Fund

₹782.95 Cr.

5.7%

2

Franklin India Corporate Debt Fund Plan A Direct Annual IDCW Payout

Franklin India Corporate Debt Fund Plan A Direct Annual IDCW Payout

Debt Corporate Bond Fund

₹782.95 Cr.

5.7%

2

Franklin India Corporate Debt Fund Plan A Direct Annual IDCW Reinvestment

Franklin India Corporate Debt Fund Plan A Direct Annual IDCW Reinvestment

Debt Corporate Bond Fund

₹782.95 Cr.

5.7%

2

Franklin India Corporate Debt Fund

Franklin India Corporate Debt Fund

Debt Corporate Bond Fund

₹782.95 Cr.

5.69%

2

Bandhan Corporate Bond Fund Direct Half Yearly IDCW Payout

Bandhan Corporate Bond Fund Direct Half Yearly IDCW Payout

Debt Corporate Bond Fund

₹13,585.90 Cr.

5.63%

0

Bandhan Corporate Bond Fund Direct Half Yearly IDCW Reinvestment

Bandhan Corporate Bond Fund Direct Half Yearly IDCW Reinvestment

Debt Corporate Bond Fund

₹13,585.90 Cr.

5.63%

0

Invesco India Corporate Bond Fund Direct Plan Quarterly IDCW (Payout / Payout)

Invesco India Corporate Bond Fund Direct Plan Quarterly IDCW (Payout / Payout)

Debt Corporate Bond Fund

₹3,529.39 Cr.

5.62%

2

Invesco India Corporate Bond Fund Direct Plan Quarterly IDCW (Reinvestment / Reinvestment)

Invesco India Corporate Bond Fund Direct Plan Quarterly IDCW (Reinvestment / Reinvestment)

Debt Corporate Bond Fund

₹3,529.39 Cr.

5.62%

2

HSBC Corporate Bond Fund

HSBC Corporate Bond Fund

Debt Corporate Bond Fund

₹5,957.11 Cr.

5.6%

2

HSBC Corporate Bond Fund Direct Semi Annual IDCW Reinvestment

HSBC Corporate Bond Fund Direct Semi Annual IDCW Reinvestment

Debt Corporate Bond Fund

₹5,957.11 Cr.

5.6%

2

HSBC Corporate Bond Fund Direct Semi Annual IDCW Payout

HSBC Corporate Bond Fund Direct Semi Annual IDCW Payout

Debt Corporate Bond Fund

₹5,957.11 Cr.

5.6%

2

Invesco India Corporate Bond Fund Direct Plan Annual IDCW (Payout / Payout)

Invesco India Corporate Bond Fund Direct Plan Annual IDCW (Payout / Payout)

Debt Corporate Bond Fund

₹3,529.39 Cr.

5.57%

2

Invesco India Corporate Bond Fund Direct Plan Annual IDCW (Reinvestment / Reinvestment)

Invesco India Corporate Bond Fund Direct Plan Annual IDCW (Reinvestment / Reinvestment)

Debt Corporate Bond Fund

₹3,529.39 Cr.

5.57%

2

Invesco India Corporate Bond Fund Direct Plan Discretionary IDCW (Payout / Payout)

Invesco India Corporate Bond Fund Direct Plan Discretionary IDCW (Payout / Payout)

Debt Corporate Bond Fund

₹3,529.39 Cr.

5.56%

2

Invesco India Corporate Bond Fund Direct Plan Discretionary IDCW (Reinvestment / Reinvestment)

Invesco India Corporate Bond Fund Direct Plan Discretionary IDCW (Reinvestment / Reinvestment)

Debt Corporate Bond Fund

₹3,529.39 Cr.

5.56%

2

Invesco India Corporate Bond Fund

Invesco India Corporate Bond Fund

Debt Corporate Bond Fund

₹3,529.39 Cr.

5.56%

2

Invesco India Corporate Bond Fund Direct Plan Monthly IDCW (Payout / Payout)

Invesco India Corporate Bond Fund Direct Plan Monthly IDCW (Payout / Payout)

Debt Corporate Bond Fund

₹3,529.39 Cr.

5.55%

2

Invesco India Corporate Bond Fund Direct Plan Monthly IDCW (Reinvestment / Reinvestment)

Invesco India Corporate Bond Fund Direct Plan Monthly IDCW (Reinvestment / Reinvestment)

Debt Corporate Bond Fund

₹3,529.39 Cr.

5.55%

2

Kotak Corporate Bond Fund Direct Plan Monthly Reinvestment of IDCW Reinvestment

Kotak Corporate Bond Fund Direct Plan Monthly Reinvestment of IDCW Reinvestment

Debt Corporate Bond Fund

₹12,722.87 Cr.

5.5%

4

Kotak Corporate Bond Fund Direct Plan Monthly Payout of IDCW Payout

Kotak Corporate Bond Fund Direct Plan Monthly Payout of IDCW Payout

Debt Corporate Bond Fund

₹12,722.87 Cr.

5.5%

4

Canara Robeco Corporate Bond Fund

Canara Robeco Corporate Bond Fund

Debt Corporate Bond Fund

₹141.69 Cr.

5.46%

1.5

Canara Robeco Corporate Bond Fund Direct Plan IDCW (Payout/Payout) Payout

Canara Robeco Corporate Bond Fund Direct Plan IDCW (Payout/Payout) Payout

Debt Corporate Bond Fund

₹141.69 Cr.

5.44%

1.5

Canara Robeco Corporate Bond Fund Direct Plan IDCW (Reinvestment/Reinvestment) Reinvestment

Canara Robeco Corporate Bond Fund Direct Plan IDCW (Reinvestment/Reinvestment) Reinvestment

Debt Corporate Bond Fund

₹141.69 Cr.

5.44%

1.5

Sundaram Corporate Bond Fund Direct Plan Quarterly IDCW Payout

Sundaram Corporate Bond Fund Direct Plan Quarterly IDCW Payout

Debt Corporate Bond Fund

₹709.57 Cr.

5.43%

3

Sundaram Corporate Bond Fund Direct Plan Quarterly IDCW Reinvestment

Sundaram Corporate Bond Fund Direct Plan Quarterly IDCW Reinvestment

Debt Corporate Bond Fund

₹709.57 Cr.

5.43%

3

Sundaram Corporate Bond Fund

Sundaram Corporate Bond Fund

Debt Corporate Bond Fund

₹709.57 Cr.

5.43%

3

Sundaram Corporate Bond Fund Direct Plan Annual IDCW Payout

Sundaram Corporate Bond Fund Direct Plan Annual IDCW Payout

Debt Corporate Bond Fund

₹709.57 Cr.

5.43%

3

Sundaram Corporate Bond Fund Direct Plan Annual IDCW Reinvestment

Sundaram Corporate Bond Fund Direct Plan Annual IDCW Reinvestment

Debt Corporate Bond Fund

₹709.57 Cr.

5.43%

3

Mirae Asset Corporate Bond Fund

Mirae Asset Corporate Bond Fund

Debt Corporate Bond Fund

₹44.21 Cr.

5.42%

0

Mirae Asset Corporate Bond Fund Direct IDCW Payout

Mirae Asset Corporate Bond Fund Direct IDCW Payout

Debt Corporate Bond Fund

₹44.21 Cr.

5.42%

0

Mirae Asset Corporate Bond Fund Direct IDCW Reinvestment

Mirae Asset Corporate Bond Fund Direct IDCW Reinvestment

Debt Corporate Bond Fund

₹44.21 Cr.

5.42%

0

Sundaram Corporate Bond Fund Direct Plan Monthly IDCW Payout

Sundaram Corporate Bond Fund Direct Plan Monthly IDCW Payout

Debt Corporate Bond Fund

₹709.57 Cr.

5.4%

3

Sundaram Corporate Bond Fund Direct Plan Monthly IDCW Reinvestment

Sundaram Corporate Bond Fund Direct Plan Monthly IDCW Reinvestment

Debt Corporate Bond Fund

₹709.57 Cr.

5.4%

3

Bandhan Corporate Bond Fund Direct Monthly IDCW Reinvestment

Bandhan Corporate Bond Fund Direct Monthly IDCW Reinvestment

Debt Corporate Bond Fund

₹13,585.90 Cr.

5.37%

0

Bandhan Corporate Bond Fund Direct Monthly IDCW Payout

Bandhan Corporate Bond Fund Direct Monthly IDCW Payout

Debt Corporate Bond Fund

₹13,585.90 Cr.

5.37%

0

Bandhan Corporate Bond Fund Direct Annual IDCW Payout

Bandhan Corporate Bond Fund Direct Annual IDCW Payout

Debt Corporate Bond Fund

₹13,585.90 Cr.

5.37%

0

Bandhan Corporate Bond Fund Direct Annual IDCW Reinvestment

Bandhan Corporate Bond Fund Direct Annual IDCW Reinvestment

Debt Corporate Bond Fund

₹13,585.90 Cr.

5.37%

0

Bandhan Corporate Bond Fund

Bandhan Corporate Bond Fund

Debt Corporate Bond Fund

₹13,585.90 Cr.

5.36%

0

Bandhan Corporate Bond Fund Direct Periodic IDCW Payout

Bandhan Corporate Bond Fund Direct Periodic IDCW Payout

Debt Corporate Bond Fund

₹13,585.90 Cr.

5.36%

0

Bandhan Corporate Bond Fund Direct Periodic IDCW Reinvestment

Bandhan Corporate Bond Fund Direct Periodic IDCW Reinvestment

Debt Corporate Bond Fund

₹13,585.90 Cr.

5.36%

0

Bandhan Corporate Bond Fund Direct Quarterly IDCW Payout

Bandhan Corporate Bond Fund Direct Quarterly IDCW Payout

Debt Corporate Bond Fund

₹13,585.90 Cr.

5.35%

0

Bandhan Corporate Bond Fund Direct Quarterly IDCW Reinvestment

Bandhan Corporate Bond Fund Direct Quarterly IDCW Reinvestment

Debt Corporate Bond Fund

₹13,585.90 Cr.

5.35%

0

Union Corporate Bond Fund

Union Corporate Bond Fund

Debt Corporate Bond Fund

₹331.40 Cr.

5.23%

1.5

Union Corporate Bond Fund Direct Plan IDCW Reinvestment

Union Corporate Bond Fund Direct Plan IDCW Reinvestment

Debt Corporate Bond Fund

₹331.40 Cr.

5.23%

1.5

Union Corporate Bond Fund Direct Plan IDCW Payout

Union Corporate Bond Fund Direct Plan IDCW Payout

Debt Corporate Bond Fund

₹331.40 Cr.

5.23%

1.5

Baroda BNP Paribas Corporate Bond Fund Direct Plan Monthly IDCW Payout

Baroda BNP Paribas Corporate Bond Fund Direct Plan Monthly IDCW Payout

Debt Corporate Bond Fund

₹149.17 Cr.

5.16%

1

Baroda BNP Paribas Corporate Bond Fund Direct Plan Monthly IDCW Reinvestment

Baroda BNP Paribas Corporate Bond Fund Direct Plan Monthly IDCW Reinvestment

Debt Corporate Bond Fund

₹149.17 Cr.

5.16%

1

Baroda BNP Paribas Corporate Bond Fund

Baroda BNP Paribas Corporate Bond Fund

Debt Corporate Bond Fund

₹149.17 Cr.

5.15%

1

Baroda BNP Paribas Corporate Bond Fund Direct Plan Annual IDCW Payout

Baroda BNP Paribas Corporate Bond Fund Direct Plan Annual IDCW Payout

Debt Corporate Bond Fund

₹149.17 Cr.

5.14%

1

Baroda BNP Paribas Corporate Bond Fund Direct Plan Annual IDCW Reinvestment

Baroda BNP Paribas Corporate Bond Fund Direct Plan Annual IDCW Reinvestment

Debt Corporate Bond Fund

₹149.17 Cr.

5.14%

1

DSP Corporate Bond Fund

DSP Corporate Bond Fund

Debt Corporate Bond Fund

₹2,642.70 Cr.

5.01%

1.5

DSP Corporate Bond Fund Direct IDCW Quarterly Payout

DSP Corporate Bond Fund Direct IDCW Quarterly Payout

Debt Corporate Bond Fund

₹2,642.70 Cr.

5%

1.5

DSP Corporate Bond Fund Direct IDCW Quarterly Reinvestment

DSP Corporate Bond Fund Direct IDCW Quarterly Reinvestment

Debt Corporate Bond Fund

₹2,642.70 Cr.

5%

1.5

DSP Corporate Bond Fund Direct IDCW Monthly Payout

DSP Corporate Bond Fund Direct IDCW Monthly Payout

Debt Corporate Bond Fund

₹2,642.70 Cr.

5%

1.5

DSP Corporate Bond Fund Direct IDCW Monthly Reinvestment

DSP Corporate Bond Fund Direct IDCW Monthly Reinvestment

Debt Corporate Bond Fund

₹2,642.70 Cr.

5%

1.5

HSBC Corporate Bond Fund Direct Quarterly IDCW Reinvestment

HSBC Corporate Bond Fund Direct Quarterly IDCW Reinvestment

Debt Corporate Bond Fund

₹5,957.11 Cr.

4.95%

2

HSBC Corporate Bond Fund Direct Quarterly IDCW Payout

HSBC Corporate Bond Fund Direct Quarterly IDCW Payout

Debt Corporate Bond Fund

₹5,957.11 Cr.

4.95%

2

DSP Corporate Bond Fund Direct IDCW Payout

DSP Corporate Bond Fund Direct IDCW Payout

Debt Corporate Bond Fund

₹2,642.70 Cr.

4.85%

1.5

DSP Corporate Bond Fund Direct IDCW Reinvestment

DSP Corporate Bond Fund Direct IDCW Reinvestment

Debt Corporate Bond Fund

₹2,642.70 Cr.

4.85%

1.5

Baroda BNP Paribas Corporate Bond Fund Direct Plan Quarterly IDCW Payout

Baroda BNP Paribas Corporate Bond Fund Direct Plan Quarterly IDCW Payout

Debt Corporate Bond Fund

₹149.17 Cr.

4.04%

1

Baroda BNP Paribas Corporate Bond Fund Direct Plan Quarterly IDCW Reinvestment

Baroda BNP Paribas Corporate Bond Fund Direct Plan Quarterly IDCW Reinvestment

Debt Corporate Bond Fund

₹149.17 Cr.

4.04%

1

HSBC Corporate Bond Fund Direct Annual IDCW Reinvestment

HSBC Corporate Bond Fund Direct Annual IDCW Reinvestment

Debt Corporate Bond Fund

₹5,957.11 Cr.

3.99%

2

HSBC Corporate Bond Fund Direct Annual IDCW Payout

HSBC Corporate Bond Fund Direct Annual IDCW Payout

Debt Corporate Bond Fund

₹5,957.11 Cr.

3.99%

2

Sundaram Corporate Bond Fund Direct Plan Half Yearly IDCW Payout

Sundaram Corporate Bond Fund Direct Plan Half Yearly IDCW Payout

Debt Corporate Bond Fund

₹709.57 Cr.

0%

0

Sundaram Corporate Bond Fund Direct Plan Half Yearly IDCW Reinvestment

Sundaram Corporate Bond Fund Direct Plan Half Yearly IDCW Reinvestment

Debt Corporate Bond Fund

₹709.57 Cr.

0%

0

TATA Corporate Bond Fund

TATA Corporate Bond Fund

Debt Corporate Bond Fund

₹1,340.96 Cr.

0%

0

TRUSTMF Corporate Bond Fund

TRUSTMF Corporate Bond Fund

Debt Corporate Bond Fund

₹63.93 Cr.

0%

0

TATA Corporate Bond Fund Direct Plan IDCW Periodic Payout Payout

TATA Corporate Bond Fund Direct Plan IDCW Periodic Payout Payout

Debt Corporate Bond Fund

₹1,340.96 Cr.

0%

0

TRUSTMF Corporate Bond Fund Direct Plan Monthly IDCW Reinvestment

TRUSTMF Corporate Bond Fund Direct Plan Monthly IDCW Reinvestment

Debt Corporate Bond Fund

₹63.93 Cr.

0%

0

TATA Corporate Bond Fund Direct Plan IDCW Monthly Payout Payout

TATA Corporate Bond Fund Direct Plan IDCW Monthly Payout Payout

Debt Corporate Bond Fund

₹1,340.96 Cr.

0%

0

TRUSTMF Corporate Bond Fund Direct Plan Monthly IDCW Payout

TRUSTMF Corporate Bond Fund Direct Plan Monthly IDCW Payout

Debt Corporate Bond Fund

₹63.93 Cr.

0%

0

TATA Corporate Bond Fund Direct Plan IDCW Quarterly Payout Payout

TATA Corporate Bond Fund Direct Plan IDCW Quarterly Payout Payout

Debt Corporate Bond Fund

₹1,340.96 Cr.

0%

0

TATA Corporate Bond Fund Direct Plan IDCW Periodic Reinvestment

TATA Corporate Bond Fund Direct Plan IDCW Periodic Reinvestment

Debt Corporate Bond Fund

₹1,340.96 Cr.

0%

0

TATA Corporate Bond Fund Direct Plan IDCW Monthly Reinvestment

TATA Corporate Bond Fund Direct Plan IDCW Monthly Reinvestment

Debt Corporate Bond Fund

₹1,340.96 Cr.

0%

0

TATA Corporate Bond Fund Direct Plan IDCW Quarterly Reinvestment

TATA Corporate Bond Fund Direct Plan IDCW Quarterly Reinvestment

Debt Corporate Bond Fund

₹1,340.96 Cr.

0%

0

About Corporate Bond Mutual Funds

Corporate funds are debt funds that invest 80% of the fund’s value in high-rated corporate bonds. Corporate bonds are moderate-risk financial instruments issued by businesses and organisations to raise funding from the market. These funds buy corporate bonds based on the credit ratings of the organisation.

Corporate bonds generate higher returns than traditional FDs while maintaining a safety level. They are issued by companies to access additional capital because it is usually more affordable than bank loans. These bonds are rated according to the company’s credit payment history, from AAA being the highest to D being the lowest. The higher the rating of the bond, the lower its chances of default.

How do Corporate Bond Funds Work?

Corporate bond mutual funds function within the stock market similarly to conventional mutual funds. When a corporate bond within the mutual fund’s portfolio appreciates in value, it leads to an increase in the fund’s Net Asset Value (NAV), resulting in profit realisation. Conversely, if the NAV declines, it has an opposing impact on the overall value of the mutual fund.

Features of Corporate Bond Mutual Funds

Corporate bond funds buy corporate bonds depending on the investment strategy. Investors must understand the important features of these funds before investing.

  1. Liquidity: Corporate bonds allow companies to meet their short-term fund requirements. They are useful for short-term investments. Moreover, high-rating corporate bonds are easy to obtain and sell as per the wishes of investors.
  2. Higher returns: The yields generated are significantly higher than other debt instruments in the market. Investors can expect an average return of 8–10% during the lifetime of the investment.
  3. Security: These funds are lower risk than equity investments, as, unlike stocks, debts pose a financial liability to the company. Companies must make timely repayments of interest while protecting the principal.
  4. Variety: Corporate bonds issued by companies are ranked from high to low, allowing various investors to pick according to their investment style.

Corporate bond investments are lower risk than equity investments, whose return depends on the profit or loss generated by the company. Corporate bonds are less risky – generating higher returns and better tax benefits.

Advantages Of Corporate Bonds Funds

Here are the advantages of investing in corporate bond funds.

  1. Bonds are relatively moderate-risk investments. Corporate bonds provide potentially higher returns, steady income, and the possibility of capital appreciation.
  2. The returns on these bonds are higher than those on other investments like FDs and government treasury bills. Therefore, there is a universal appeal to corporate bonds.
  3. Corporate bonds are highly liquid, especially those issued by high credit-ranking companies. A high credit rating ensures a low rate of default, which makes them highly sought-after investment options. There is always demand for these bonds in the market, and investors can buy or sell them at any time.
  4. Corporate bond funds offer diversification through investments in securities not directly influenced by stock market performance. Bond markets act separately, where the returns are affected by changes in interest rates. It allows investors to use corporate bonds to hedge against interest rate fluctuations and currency rate movements.

Comparing the YTM, or Yield to Maturity value, at the time of investing will help you make an informed choice regarding the best corporate bond funds. YTM measures the total return you expect from your bond/debt investment if you hold it till maturity.

Risks involved in corporate bond funds

The risk exposure of corporate bond funds is higher than that of ultra-short-term and liquid funds. With corporate bonds, there is always a risk of the issuer defaulting on their obligations. The default risk goes up with low-rated securities and with longer maturities. This risk is called credit risk.

If the fund manager buys only high-rated corporate bonds, the returns will be average but assured. On the other hand, if you invest in slightly low-rated bonds, the returns will be higher since the companies have to offer a higher coupon rate to attract investors.

There is also the chance of interest rates rising, causing the bonds in the portfolio to lose their value. It is called “interest rate risk.” 

Factors To Consider Before Investing in Corporate Bond Funds

  1. Risk Tolerance: Assess your risk tolerance as corporate bond funds can vary in risk levels. Higher yields often come with higher risks, so choose funds that align with your risk appetite.
  2. Credit Quality: Investigate the credit quality of bonds within the fund. Higher-rated bonds are generally safer but may offer lower returns, while lower-rated bonds can provide higher yields but come with increased default risk.
  3. Duration and Interest Rate Risk: Consider the fund’s duration, as longer durations make investments more sensitive to interest rate changes. If you’re concerned about rising rates, opt for shorter-duration funds.
  4. Fees and Expenses: Be aware of management fees and expenses, as they can eat into your returns. Choose funds with competitive expense ratios to maximise your gains.
  5. Diversification: Diversify your investments across different bond issuers and sectors to spread risk. Ensure the fund manager follows a strategy that aligns with your diversification goals.

By paying attention to these factors, you can make informed decisions when investing in corporate bond funds.

Who Should Invest in Corporate Bond Funds?

Today, corporate bonds are one of the most lucrative investments. The risk level of these funds is low to suit the profile of risk-averse investors. Investors with an investment horizon of 2 to 3 years can work their money in corporate bond mutual funds for high returns while maintaining liquidity. Those wanting indexation benefits may want to stay on longer.

Corporate bonds are more risky than government bonds but less risky than equity funds. Investors looking to lower their overall mutual fund portfolio risk can also invest. The risk level of these funds depends on how the respective fund managers manage the fund’s risks.  

Taxability of Corporate Bond Funds

The tax incidence of these funds is the same as other debt funds, categorised as short-term and long-term based on the tenure of the investment.

If you are holding your corporate bond funds for less than 36 months, then you must pay short-term capital gain tax, calculated as per the investor’s income tax slab.

Long-term capital gain tax is applied when the investment tenure is more than 36 months. Long term capital gain tax rate for debt funds is 20% after indexation benefits.

When an investor earns dividends on their corporate bond fund, the dividends are considered a part of their taxable income and are subject to taxation at the applicable rate based on their income tax bracket. Also, there is a 10% TDS on the dividend amount if it exceeds Rs. 5000 in a financial year.

How to Invest in Corporate Bond Funds?

Investing in Corporate Bond Funds is an easygoing process through your Angel One account. Here’s a simplified version of the steps:

Step 1: Log in to your Angel One account using your registered mobile number. Verify the OTP and enter your MPIN.

Note: If you don’t have an Angel One Demat account, you can open one quickly by completing the KYC procedure and providing the necessary documents.

Step 2: Choose the right fund for your needs and risk tolerance by considering these factors:

  • Search for your preferred fund or explore Angel One’s recommended options.
  • Review the fund’s historical performance, tax implications, sectors, and stocks it invests in.
  • Estimate potential returns using the calculator.
  • Assess the fund’s risk level and match it with your risk tolerance.
  • Check the fund’s ratings from reputable agencies (typically rated on a scale of 1 to 5).
  • Consider the fund’s expense ratio to understand the cost of investing.

Step 3: Once you’ve decided on the fund(s) to invest in, access your Angel One account, navigate to the Mutual Funds section, and locate your chosen fund. Since this may be a long-term investment, be cautious when making your selection. At this stage, consider the following:

  • Decide between a lump sum investment or a monthly SIP.
  • Enter the investment amount and choose your preferred payment method (preferably UPI or net banking).
  • For SIP investments, set up a mandate for hassle-free future instalments

Top 5 Corporate Bond Funds to Invest in

Name of the fund Assets Under Management in ₹ crore Minimum investment (in ₹) 3-Yr CAGR (%) 5-Yr CAGR (%)
HSBC Corporate Bond Fund 6,772 5,000 5.69 7.54
Aditya Birla Sun Life Corporate Bond Fund 12,120 100 6.62 7.39
ICICI Prudential Corporate Bond Fund 16,998 100 6,57 7.27
Axis Corporate Debt Fund 3,783 5,000 6.72 7.21
Nippon India Corporate Bond Fund 1,638 1,000 6.29 6.95

The above-mentioned top funds are for informational purposes only and are not recommendations. The funds are based on a 5-yr CAGR, which is subject to change frequently. Check out real-time data on Angel One.

HSBC Corporate Bond Fund

The fund has earned an average return of 7.59% during its lifetime. It follows the NIFTY Corporate Bond Index B-III benchmark in the market. The fund manager will only lend to companies with excellent credit profiles. The fund’s top holdings are GOI, National Thermal Power Corporation Ltd., Housing & Urban Development Corporation Ltd., Indian Oil Corporation Ltd., ICICI Bank Ltd., etc.

Aditya Birla Sun Life Corporate Bond Fund

The average return generated by the fund in the last 10 years is 8.21. The fund’s expense ratio of 0.31% is lower than the category average of 0.43%. The YTM value is 8.00%, higher than the category average of 7.75%.

ICICI Prudential Corporate Bond Fund

The corporate bond fund from ICICI Pru has generated an average return of 8.19% in its lifetime of 10 years and 2 months. It is an open-ended fund and comes with no lock-in period. The fund ranks high regarding performance and downside protection.

Axis Corporate Debt Fund

The fund has earned an average return of 7.26% since it was offered 5 years back. The fund can generate returns in line with the category average. The expense ratio of 0.22% you need to pay is much lower than the category average.

Nippon India Corporate Bond Fund

The fund has earned an average return of 7.9% since its introduction. The expense ratio is low at 0.32% compared to the category average. The YTM of the fund is 7.92%, against the category average of 7.75%.

Mutual Funds Calculators

Corporate Bond Funds FAQs

Are corporate bond mutual funds high-risk?

Corporate bond funds are moderate-risk investments. The risk of the fund depends on the credit rating of the issuer. The higher the rating of the issuer, the safer the fund. Conservatively, you can generate higher returns by investing in lower-rated companies.

Should I invest in corporate bond funds?

Corporate bonds generate moderate-risk steady returns. The returns you earn are higher than other fixed incomes. You can consider investing in corporate bond funds if you have a moderate-risk appetite, want liquidity, and have an investment horizon of 2-3 years.

What are the expected returns of corporate bond funds?

  • The average yield on these funds is 8-10%. However, the performance depends on the performance of the companies selected by the fund manager.
  • Although the returns are lower than those of equity funds, corporate bond funds earn higher returns than other fixed-income investments.

What are the risks involved in investing in corporate bond funds?

If your fund manager is investing in AAA-rating corporate bonds, then the credit risk is low. Credit risk is an important consideration when investing in bond or debt funds. If the issuer defaults on the payment, it will be a permanent loss for investors. Companies with lower ratings usually offer higher coupon rates to attract investors.

Are corporate bond funds taxable?

  • Corporate bond investments are treated as debt funds since 80% of the corpus is invested in different company bonds.
  • Short-term capital gains arise when the investment period is less than 36 months. The gain is added to the income and taxed as per the income tax slab.
  • On the other hand, long-term capital gains are taxed at a 20% rate after indexation.

How much money should I invest in corporate bond funds?

Since these funds offer only moderate returns, it makes no sense to invest a portion of your surplus money in these funds, where you will have easy access to your money.