Bandhan Corporate Bond Fund**§ Core Bucket

An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A Scheme with Relatively High Interest Rate Risk and Relatively Low Credit Risk.

31st July 2023

Bandhan Corporate Bond Fund**§ Core Bucket

An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A Scheme with Relatively High Interest Rate Risk and Relatively Low Credit Risk.

31st July 2023

About the Fund: The fund focuses on delivering returns through investment in the corporate bond segment.
Category: Corporate Bond
Monthly Avg AUM : ₹ 14,566.13 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Monthly end AUM : ₹ 14,572.40 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Inception Date: 12 January 2016
Fund Manager :

An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Mr. Gautam Kaul (w.e.f. 1st December 2021)
Mr. Suyash Choudhary (w.e.f. 28th July 2021)
Other Parameter:
Standard Deviation (Annualized)

Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

0.73%
Modified Duration

Modified duration is the price sensitivity and the percentage change in price for a unit change in yield

0.56 years
Average Maturity 0.60 years
Macaulay Duration 0.60 years
Yield to Maturity

The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity.

7.22%
Total Expense Ratio
Regular0.61%
Direct0.31%
Benchmark : Tier 1: NIFTY Corporate Bond Index B-III (w.e.f. 1st April 2022) Tier 2: NIFTY AAA Short Duration Bond Index
SIP (Minimum Amount): ₹ 100/-
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly/Quarterly)@@:Investor may choose any day of the month except 29th, 30th and 31st as the date of installment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 1,000/- and any amount thereafter
Option Available: Growth & IDCW@ Option - Payout, Reinvestment & Sweep and Monthly, Quarterly, Half Yearly, Annual & Periodic.
Exit Load :

Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ₹ 100 and the exit load is 1%, the redemption price would be ₹ 99 per unit.

Nil
NAV (₹) as on July 31, 2023
Plan Option Freq NAV
Regular Plan Growth - 16.6415
Regular Plan IDCW@ - N.A
Regular Plan IDCW@ Periodic 11.2185
Regular Plan IDCW@ Monthly 10.5954
Regular Plan IDCW@ Half Yearly 11.0322
Regular Plan IDCW@ Quarterly 10.4761
Regular Plan IDCW@ Annual 10.4028
@Income Distribution and Capital Withdrawal
@@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.


NameRating% of NAV
Corporate Bond 75.88%
NABARD AAA 11.36%
REC AAA 8.93%
HDFC Bank AAA 8.84%
National Housing Bank AAA 8.64%
Oil & Natural Gas Corporation AAA 5.16%
UltraTech Cement AAA 4.95%
Export Import Bank of India AAA 4.72%
Axis Bank AAA 3.53%
Indian Railway Finance Corporation AAA 3.01%
Bajaj Finance AAA 2.14%
Small Industries Dev Bank of India AAA 1.83%
NTPC AAA 1.80%
Bajaj Housing Finance AAA 1.77%
ICICI Bank AAA 1.72%
Larsen & Toubro AAA 1.58%
Hindustan Petroleum Corporation AAA 1.45%
Power Finance Corporation AAA 1.31%
Tata Capital Financial Services AAA 1.16%
Power Grid Corporation of India AAA 0.69%
Kotak Mahindra Prime AAA 0.68%
Grasim Industries AAA 0.52%
Reliance Industries AAA 0.10%
Treasury Bill 7.73%
364 Days Tbill - 2024 SOV 7.73%
Commercial Paper 6.09%
HDFC Bank A1+ 2.46%
Bajaj Finance A1+ 1.98%
Kotak Mahindra Prime A1+ 1.65%
State Government Bond 3.53%
6.64% Rajasthan SDL - 2024 SOV 0.48%
9.11% Maharashtra SDL - 2024 SOV 0.42%
8.83% Maharashtra SDL - 2024 SOV 0.35%
5.6% Haryana SDL - 2024 SOV 0.29%
9.47% Haryana SDL - 2024 SOV 0.24%
9.55% Karnataka SDL - 2024 SOV 0.24%
9.63% Andhra Pradesh SDL - 2024 SOV 0.21%
9.80% Haryana SDL - 2024 SOV 0.17%
9.36% Maharashtra SDL - 2023 SOV 0.17%
9.48% Andhra Pradesh SDL - 2024 SOV 0.14%
8.83% Tamilnadu SDL - 2024 SOV 0.14%
9.37% Gujarat SDL - 2024 SOV 0.14%
9.45% Rahasthan SDL - 2024 SOV 0.10%
9.5% Gujrat SDL - 2023 SOV 0.10%
8.96% Maharashtra SDL - 2024 SOV 0.07%
9.71% Haryana SDL - 2024 SOV 0.07%
9.47% Tamilnadu SDL - 2024 SOV 0.07%
9.24% Haryana SDL - 2024 SOV 0.07%
8.94% Tamilnadu SDL - 2024 SOV 0.03%
5.75% Tamilnadu SDL - 2025 SOV 0.02%
Certificate of Deposit 3.46%
State Bank of India A1+ 1.48%
Small Industries Dev Bank of India A1+ 1.00%
Axis Bank A1+ 0.99%
Zero Coupon Bond 0.27%
Kotak Mahindra Prime AAA 0.27%
Government Bond 0.03%
7.68% - 2023 G-Sec SOV 0.03%
Net Cash and Cash Equivalent 3.00%
Grand Total 100.00%



Performance based on NAV as on 31/07/2023 Past performance may or may not be sustained in future.
The performances given are of regular plan growth option.
Click here for other funds managed by the fund manager and refer to the respective fund pages
#Benchmark Returns. ##Alternate Benchmark Returns.Standard Deviation calculated on the basis of 1 year history of monthly data
*Inception Date of Regular Plan - Growth Jan 12, 2016.



Scheme risk-o-meter

Investors understand that their principal will be at Low to Moderate risk

This product is suitable for investors who are seeking*

  • To generate medium to long term optimal returns.
  • Investments predominantly in high quality corporate bonds.

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Benchmark risk-o-meter

Tier 1: NIFTY Corporate Bond Index B-III

Benchmark risk-o-meter

Tier 2: NIFTY AAA Short Duration Bond Index



**The scheme is currently following a 'roll down' investment approach on a tactical basis and thereby intends to be repositioned in March 2024.Till then, ordinarily the average maturity of the scheme's portfolio is unlikely to increase significantly and may be expected to generally reduce with the passage of time, subject to intermittent periods of volatility in the maturity profile owing to AUM movement and market conditions. The approach being followed is tactical in nature and would be subject to change depending on investment opportunities available without prior notice.
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
§With effect from 13th March 2023, the name of "IDFC Corporate Bond Fund" has changed to "Bandhan Corporate Bond Fund".