3 Year return

5.89%
Launched on October 2014 (10 years)

Investment Details

₹100

Minimum SIP Amount

₹100

Minimum one time investment

Fund has no lock-in period

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Risk Involved

Moderate Risk

Your principal will be at

Moderate Risk

Scheme Information

Asset Under Management

₹28959.05 Cr.

Expense Ratio

0.35% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
4.5

Ratings by other agencies

3
4
3

Tax Implications

Withdrawal within 3 years

Tax based on your income tax bracket

Withdrawal after 3 years

20% tax after indexation (adjusting for inflation)

Fund Holdings

Holdings

HDFC Mutual Fund Managers

AJ

Anupam Joshi

Fund Manager since Oct 2015

View Details

Fund House Details

HDFC Mutual Fund

HDFC Mutual Fund Asset management company

AUM ₹617,677.76 Cr.
No. of Schemes 167
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by HDFC Mutual Fund

List of mutual fund schemes by AMC

About HDFC Corporate Bond Fund IDCW Direct Plan Reinvestment

The HDFC Corporate Bond Fund IDCW Direct Plan Reinvestment is a debt mutual fund managed by HDFC Mutual Fund. Corporate bond funds primarily invest more than 80% of their total assets in corporate bonds. These are sold by commercial groups to pay for short-term expenses, including working capital requirements, advertising, insurance premium payments, etc. It is a quarterly dividend-paying fund that invests primarily in corporate bonds with a focus on investment-grade bonds. The fund is an open-ended fund, which means that you can buy and sell units of the fund at any time.

Investment Objective of The Scheme

The scheme intends to create income/capital appreciation through investing primarily in AA+ and above-rated corporate bonds, according to the investment objective of the fund.

Key Features of The Fund

5-year return 7.23%
Expense Ratio 0.35%
Fund Manager Anupam Joshi
Fund Size ₹28959.05 Cr
Risk Profile Moderate

Is This Scheme Right for Me?

The HDFC Corporate Bond Fund IDCW Direct Plan Reinvestment is suitable for those investors who want to park money for a longer duration but prefer less risky assets against equity funds. It is a good option for investors who have a long investment horizon and do not need regular income from their investments.

AMC Contact Details

Name HDFC Mutual Fund
Launch Date July 2000
Addresss "HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai - 400020
Contact 1800 3010 6767 1800 419 7676
Email hello@hdfcfund.com
Website https://www.hdfcfund.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Plan Your Dream, Achieve Your Goal

Begin your journey towards realising your aspirations by crafting a meticulous investment plan. The systematic investment plan calculator can assist you in setting realistic targets and help you achieve them. With careful planning and strategic investments, your dreams are well within reach of becoming a reality.

FAQs

What is today's NAV of HDFC Corporate Bond Fund IDCW Direct Plan Reinvestment?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of HDFC Corporate Bond Fund IDCW Direct Plan Reinvestment Jun 19 2024 is 18.6216

What is the AUM of HDFC Corporate Bond Fund IDCW Direct Plan Reinvestment?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of HDFC Corporate Bond Fund IDCW Direct Plan Reinvestment is 28959.05 crore.

What is the expense ratio of HDFC Corporate Bond Fund IDCW Direct Plan Reinvestment?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of HDFC Corporate Bond Fund IDCW Direct Plan Reinvestment is 0.35%

What are the returns of HDFC Corporate Bond Fund IDCW Direct Plan Reinvestment since inception?

The HDFC Corporate Bond Fund IDCW Direct Plan Reinvestment was launched on Oct 22 2014. The fund has delivered a CAGR of 7.89 since inception.

What is the minimum SIP amount to invest in HDFC Corporate Bond Fund IDCW Direct Plan Reinvestment?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for HDFC Corporate Bond Fund IDCW Direct Plan Reinvestment is 100.

How do I invest in HDFC Corporate Bond Fund IDCW Direct Plan Reinvestment?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in HDFC Corporate Bond Fund IDCW Direct Plan Reinvestment?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in HDFC Corporate Bond Fund IDCW Direct Plan Reinvestment?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in HDFC Corporate Bond Fund IDCW Direct Plan Reinvestment?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.