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NAV as of(Aug 31, 2021)
₹ 15.75 0.07 % 1-D Change
Returns since inception
Out of 15
Generated returns consistently
Increased returns for each unit of additional risk
Controlled losses during market corrections
Delivered returns without frequent ups and downs
Minimum SIP amount is ₹
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This fund is non-buyable
This fund is no longer available to invest
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About this Fund
IDFC Corporate Bond Fund Direct-Growth is a Corporate Bond mutual fund scheme from IDFC Mutual Fund. This fund has been in existence for 5 yrs 8 m, having been launched on 28/12/2015. IDFC Corporate Bond Fund Direct-Growth has ₹20,312 Crores worth of assets under management (AUM) as on 30/06/2021 and is medium-sized fund of its category. The fund has an expense ratio of 0.27%, which is close to what most other Corporate Bond funds charge..
- IDFC Corporate Bond Fund Direct-Growth returns of last 1-year are 6.56%. Since launch, it has delivered 8.39% average annual returns.
- IDFC Corporate Bond Fund Direct-Growth schemes ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
- The funds credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
- The funds top holdings are in GOI, Reliance Industries Ltd., National Bank For Agriculture & Rural Development, Rural Electrification Corpn. Ltd., National Housing Bank.
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Total investment Invested
Current value of investment Current value
You would have earned ₹ 1,001 more by investing in ETMONEY Direct Plan
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.
- Top Stock Holdings
- Allocation by Market Cap
- Allocation by Sector
Top Stock Holdings
Bifurcation by Holding is not available for this fund
Allocation by Sector
Bifurcation by Sector is not available for this fund
- Top Debt Holdings
- Allocation by Credit Quality
- Allocation by Instruments
Top Debt Holdings
Reliance Industries Ltd. 7.67%
National Bank For Agriculture & Rural Development 4.32%
Rural Electrification Corpn. Ltd. 3.03%
Allocation by Credit Quality
Allocation by Instruments
Non Convertible Debenture 32.5%
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|Period||Trailing returns||Category average||Rank within category|
|1 month||0.78%||0.64%||3 / 19|
|3 months||1.62%||1.46%||2 / 19|
|6 months||4.11%||3.55%||2 / 18|
|1 year||6.13%||5.66%||5 / 18|
|3 years||8.87%||8.83%||8 / 15|
|5 years||8%||7.84%||7 / 13|
Investors understand that their principal will be at Moderate risk
The Fund seeks to provide steady income and capital appreciation by investing primarily in AA+ and above rated corporate debt securities across maturities.
- Std. Dev : 2.16
- Alpha : 2.85
- Beta : 0.62
- Sharpe : 2.01
- Sortino : 3.21
Mr. Mittal is B.Com. (Hons), CA and M.Sc. in Accounting and Finance (specialization in Finance) from London School of Economics & Political Science.
Prior to joining IDFC AMC, he worked with HDFC AMC ( Sept. 2012 - Oct. 2015), Axis AMC (July 2009 - Sept. 2012), ICICI Prudential Life Insurance Company Ltd. as Credit Research Analyst (2008-2009) and with Bank of America in Corporate Banking (2006-2008).
Mr. Choudhary is a B.A (H) Economics from Delhi University and PGDM from IIM Calcutta.
Prior to joining IDFC Mutual Fund he has worked with HSBC Asset Management (India) Pvt. Ltd., Standard Chartered Asset Management Co. Pvt. Ltd. and Deutsche Bank.
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- Phone: 022-24398777 / 24399999 / 66289999
- Address: Unit No. 27, Ground Floor,
Khetan Bhavan,198, Jamshedji Tata Road,
Allocation Break-up by Holdings
Allocation Break-up by Sectors
Allocation Break-up by Holdings
Reliance Industries Ltd.7.67%
National Bank For Agriculture & Rural Development4.32%
Rural Electrification Corpn. Ltd.3.03%
National Housing Bank2.89%
Hindustan Petroleum Corpn. Ltd.2.55%
Larsen & Toubro Ltd.1.65%
Ultratech Cement Ltd.1.27%
ICICI Bank Ltd.1.26%
Indian Oil Corpn. Ltd.1.19%
Mahindra & Mahindra Ltd.1.02%
Axis Bank Ltd.0.81%
Reliance Jio Infocomm Ltd.0.73%
Small Industries Devp. Bank of India Ltd.0.52%
Export-Import Bank Of India0.36%
Reserve Bank of India0.34%
Andhra Pradesh State0.27%
LIC Housing Finance Ltd.0.19%
National Thermal Power Corp. Ltd.0.15%
Housing Development Finance Corpn. Ltd.0.12%
HDB Financial Services Ltd.0.12%
Power Grid Corpn. Of India Ltd.0.09%
National Highways Authority of India Ltd.0.08%
Indian Railway Finance Corpn. Ltd.0.07%
Power Finance Corpn. Ltd.0.05%
Allocation Break-up by Credit Quality
Cash & Call Money3.13%
Allocation Break-up by Instruments
Non Convertible Debenture32.5%
State Development Loan3.16%
Net Current Assets2.37%
Zero Coupon Bonds0.52%
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Frequently asked questions
The IDFC Corporate Bond Fund is a 5 yrs 8 m old fund and has delivered average annual returns of 8.383847694235413% since inception.
IDFC Corporate Bond Fund Returns
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of IDFC Corporate Bond Fund for Aug 31, 2021 is 15.75.
IDFC Corporate Bond Fund has an ETMONEY Rank of # 7 of 15 and a consistency rating of 3.
This indicates the fund has not generated great returns and even those are not very consistent. You might want to look at other funds in its category.
On ETMONEY, Investing in IDFC Corporate Bond Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
- Click on the Invest Now Button present on the top right-hand side.
- Enter your email id, select whether you want to do a one-time investment or start a SIP and add the amount
- Provide few more details needed including the bank account from which you will be making the payment and confirm.
- Thats it. Your SIP or one-time investment in IDFC Corporate Bond Fund is done.
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of IDFC Corporate Bond Fund is 0.27%. .
Redeeming your investments in IDFC Corporate Bond Fund is super easy. If you have invested in this fund via ETMONEY, just login into the app, go to the investment section and put the redemption request.
If you have invested in IDFC Corporate Bond Fund from anywhere else, you can go to the fund house website and put a request through it.
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolios equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesnt update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of IDFC Corporate Bond Fund is ₹ 20,312 Crs.
The credit rating of the instruments in which the fund invests represents the quality of the borrower.
The IDFC Corporate Bond Fund allocation by credit quality is given below
|Credit Quality||Percentage of Portfolio|
|Cash & Call Money||3.13%|
The top 3 debt holdings of IDFC Corporate Bond Fund are as follows
|Holding Name||Percentage of Portfolio|
|Reliance Industries Ltd.||7.67%|
|National Bank For Agriculture & Rural Development||4.32%|
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