HDFC Corporate Bond Fund - Growth Option
(Erstwhile HDFC Medium Term Opportunities Fund - Growth Option)
Fund House: HDFC Mutual Fund| Category: Debt: Corporate Bond |
| Launch Date: 01-06-2010 |
| Asset Class: Fixed Income |
| Benchmark: NIFTY Corporate Bond Index B-III |
| TER: 0.6% As on (30-09-2023) |
| Status: Open Ended Schemes |
| Minimum Investment: 100.0 |
| Minimum Topup: 0.0 |
| Total Assets: 26,808.64 Cr As on (31-10-2023) |
| Turn over: - | Exit Load: Nil |
28.5373
0.01 (0.0354%)
8.11%
Benchmark: 8.76%
PERFORMANCE
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
Investment Objective
The scheme seeks to generate regular income through investments in Debt/Money Market Instruments and Government Securities with maturities not exceeding 60 months
Current Asset Allocation (%)
Indicators
| Standard Deviation | 1.51 |
| Sharpe Ratio | -0.01 |
| Alpha | 0.41 |
| Beta | 0.74 |
| Yield to Maturity | 7.83 |
| Average Maturity | 5.01 |
PEER COMPARISON
| Scheme Name | Inception Date |
1 Year Return(%) |
2 Year Return(%) |
3 Year Return(%) |
5 Year Return(%) |
10 Year Return(%) |
|---|---|---|---|---|---|---|
| HDFC Corporate Bond Fund - Growth Option | 01-06-2010 | 6.98 | 4.93 | 4.74 | 7.28 | 7.92 |
| ICICI Prudential Corporate Bond Fund - Growth | 12-06-2009 | 7.39 | 5.71 | 5.29 | 7.28 | 7.71 |
| Aditya Birla Sun Life Corporate Bond Fund - Growth - Regular Plan | 03-03-1997 | 7.0 | 5.38 | 5.03 | 7.33 | 8.0 |
| Nippon India Corporate Bond Fund - Growth Plan - Growth Option | 14-09-2000 | 6.91 | 5.51 | 5.29 | 6.68 | 7.39 |
| BANDHAN Corporate Bond Fund - Regular Growth | 04-01-2016 | 6.79 | 4.51 | 4.28 | 6.62 | - |
| BARODA BNP PARIBAS CORPORATE BOND FUND - Regular Plan - GROWTH OPTION | 01-01-2013 | 6.68 | - | - | - | - |
| Tata Corporate Bond Fund-Regular Plan-Growth | 29-11-2021 | 6.68 | 4.33 | - | - | - |
| Kotak Corporate Bond Fund- Regular Plan-Growth Option | 21-09-2007 | 6.61 | 5.0 | 4.65 | 6.7 | - |
| UTI Corporate Bond Fund - Regular Plan - Growth Option | 05-08-2018 | 6.58 | 4.88 | 4.44 | 7.19 | - |
| Axis Corporate Debt Fund - Regular Plan Growth | 01-07-2017 | 6.48 | 4.98 | 4.6 | 6.34 | - |
Scheme Characteristics
Minimum investment in corporate bonds - 80% of total assets (only in highest rated instruments).
Riskometer
PORTFOLIO
Market Cap Distribution
Others
100.0%
Tax Benefits of investing in this fund
Capital gains will be deemed as short-term capital gains (STCG) for units acquired on or after April 1, 2023 and will be taxed at the applicable income tax slab rate**.
Income distribution cum capital withdrawal (IDCW) shall be taxable in the hands of investors and the mutual fund will deduct TDS @10% for resident investors and @20% (plus applicable surcharge and cess) for non-resident investors before payouts/re-investment. However, investors can claim tax-credit of TDS deducted at the time of filing their annual return.
** Capital gains on sale of units acquired on or before March 31, 2023 & redeemed on or after April 1, 2023 will be taxed as below:
Long term capital gains (LTCG) tax @20% (plus surcharge, if applicable and cess) with indexation if units held for more than 36 months.
In case of an investor being NRI, LTCG tax are chargeable @ 10% (plus surcharge, if applicable and cess) without indexation relating to units redeemed from unlisted schemes.
Short term capital gains (STCG) tax at the income tax slab rate if units are held for less than 36 months.
