Corporate Bond Fund: List of Best Corporate Bonds in India (2024)

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Corporate Bond Fund: List of Best Corporate Bonds in India (1)

  • Average Return 5.62%
  • No of Funds 21

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What is Corporate Bond Mutual Fund

Corporate bond funds are debt funds that lend at least 80% of their money to companies with the highest possible credit rating. This rating is given only to companies that are financially strong and have a high probability of paying lenders on time.

Advantages of Corporate Bond Funds

  • Ideal for the money you don't need for 2-3 years
  • Funds in this category tend to deliver better returns than Bank Fixed Deposits of similar duration

Top schemes of Corporate Bond Mutual Funds sorted by last 5 year returns

21 funds

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  • ETM Rank High to Low
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Investment Mode
  • Monthly SIP
  • One-time (Lumpsum)

Corporate Bond Fund: List of Best Corporate Bonds in India (2)

Shield Portfolio

Corporate Bond Fund: List of Best Corporate Bonds in India (3)

Min SIP

₹ 5,000

5 Yrs Return

+7.45%p.a. +8.52%p.a. +11.1% +6.56%p.a. +8.0%p.a. +10.31% +9.18%p.a. +8.04%

Know more

Know more

Corporate Bond Fund: List of Best Corporate Bonds in India (4)

ICICI Prudential Corporate Bond Fund

Unranked

Fund Size

₹26,051 Crs

Return (p.a)

+ 9.68%+ 0.69% + 8.73%+ 1.33% + 8.15%+ 2.25% + 7.9%+ 4.18% + 6.87%+ 10.92% + 6.83%+ 18.77%

ETM Rank

Unranked

Invest

Corporate Bond Fund: List of Best Corporate Bonds in India (5)

Nippon India Corporate Bond Fund

#1 of 15

Fund Size

₹2,613 Crs

Return (p.a)

+ 10.24%+ 0.72% + 10.52%+ 1.59% + 9.28%+ 2.55% + 8.19%+ 4.32% + 6.88%+ 10.93% + 6.8%+ 18.69%

ETM Rank

#1 of 15

Invest

Corporate Bond Fund: List of Best Corporate Bonds in India (6)

Axis Corporate Debt Fund

#4 of 15

Fund Size

₹5,242 Crs

Return (p.a)

+ 9.8%+ 0.69% + 10.11%+ 1.53% + 9.09%+ 2.5% + 8.12%+ 4.29% + 6.69%+ 10.62% + 6.79%+ 18.65%

ETM Rank

#4 of 15

Invest

Corporate Bond Fund: List of Best Corporate Bonds in India (7)

Aditya Birla Sun Life Corporate Bond Fund

Unranked

Fund Size

₹21,535 Crs

Return (p.a)

+ 10.36%+ 0.73% + 10.38%+ 1.57% + 9.26%+ 2.54% + 8.23%+ 4.34% + 6.65%+ 10.56% + 6.72%+ 18.46%

ETM Rank

Unranked

Invest

HDFC Corporate Bond Fund

Unranked

Fund Size

₹28,269 Crs

Return (p.a)

+ 9.71%+ 0.69% + 9.83%+ 1.49% + 8.66%+ 2.38% + 8.02%+ 4.24% + 6.5%+ 10.32% + 6.58%+ 18.02%

ETM Rank

Unranked

Invest

Corporate Bond Fund: List of Best Corporate Bonds in India (9)

PGIM India Corporate Bond Fund

#2 of 15

Fund Size

₹107 Crs

Return (p.a)

+ 9.1%+ 0.65% + 9.32%+ 1.41% + 8.4%+ 2.31% + 7.57%+ 4.0% + 6.25%+ 9.91% + 6.4%+ 17.49%

ETM Rank

#2 of 15

Invest

Corporate Bond Fund: List of Best Corporate Bonds in India (10)

UTI Corporate Bond Fund

#7 of 15

Fund Size

₹3,485 Crs

Return (p.a)

+ 9.7%+ 0.69% + 9.71%+ 1.47% + 8.74%+ 2.4% + 7.82%+ 4.13% + 6.27%+ 9.93% + 6.37%+ 17.4%

ETM Rank

#7 of 15

Invest

Corporate Bond Fund: List of Best Corporate Bonds in India (11)

Kotak Corporate Bond Fund

#6 of 15

Fund Size

₹11,423 Crs

Return (p.a)

+ 9.25%+ 0.66% + 9.61%+ 1.45% + 8.78%+ 2.42% + 7.94%+ 4.19% + 6.42%+ 10.19% + 6.35%+ 17.35%

ETM Rank

#6 of 15

Invest

Corporate Bond Fund: List of Best Corporate Bonds in India (12)

HSBC Corporate Bond Fund

#12 of 15

Fund Size

₹6,175 Crs

Return (p.a)

+ 9.03%+ 0.64% + 10.37%+ 1.56% + 9.09%+ 2.5% + 7.67%+ 4.05% + 6.12%+ 9.7% + 6.3%+ 17.22%

ETM Rank

#12 of 15

Invest

Corporate Bond Fund: List of Best Corporate Bonds in India (13)

SBI Corporate Bond Fund

#10 of 15

Fund Size

₹19,210 Crs

Return (p.a)

+ 9.45%+ 0.67% + 9.13%+ 1.38% + 8.27%+ 2.28% + 7.55%+ 3.99% + 6.14%+ 9.73% + 6.15%+ 16.78%

ETM Rank

#10 of 15

Invest

Corporate Bond Fund: List of Best Corporate Bonds in India (14)

Franklin India Corporate Debt Fund

#3 of 15

Fund Size

₹739 Crs

Return (p.a)

+ 8.09%+ 0.58% + 7.95%+ 1.21% + 7.56%+ 2.09% + 7.2%+ 3.81% + 6.05%+ 9.57% + 6.12%+ 16.68%

ETM Rank

#3 of 15

Invest

Corporate Bond Fund: List of Best Corporate Bonds in India (15)

Invesco India Corporate Bond Fund

#8 of 15

Fund Size

₹2,983 Crs

Return (p.a)

+ 9.27%+ 0.66% + 9.82%+ 1.48% + 8.82%+ 2.42% + 7.8%+ 4.12% + 6.08%+ 9.63% + 6.1%+ 16.64%

ETM Rank

#8 of 15

Invest

Corporate Bond Fund: List of Best Corporate Bonds in India (16)

Sundaram Corporate Bond Fund

#5 of 15

Fund Size

₹779 Crs

Return (p.a)

+ 8.88%+ 0.63% + 9.29%+ 1.41% + 8.5%+ 2.34% + 7.33%+ 3.88% + 5.87%+ 9.28% + 6.1%+ 16.62%

ETM Rank

#5 of 15

Invest

Corporate Bond Fund: List of Best Corporate Bonds in India (17)

Bandhan Corporate Bond Fund

#11 of 15

Fund Size

₹13,744 Crs

Return (p.a)

+ 7.41%+ 0.53% + 7.3%+ 1.11% + 7.17%+ 1.98% + 7.16%+ 3.79% + 5.81%+ 9.19% + 6.02%+ 16.39%

ETM Rank

#11 of 15

Invest

Corporate Bond Fund: List of Best Corporate Bonds in India (18)

Canara Robeco Corporate Bond Fund

#9 of 15

Fund Size

₹149 Crs

Return (p.a)

+ 9.86%+ 0.7% + 9.16%+ 1.39% + 8.25%+ 2.27% + 7.33%+ 3.88% + 5.87%+ 9.28% + 5.88%+ 15.98%

ETM Rank

#9 of 15

Invest

Corporate Bond Fund: List of Best Corporate Bonds in India (19)

Union Corporate Bond Fund

#15 of 15

Fund Size

₹452 Crs

Return (p.a)

+ 9.53%+ 0.68% + 9.64%+ 1.46% + 8.58%+ 2.36% + 7.5%+ 3.96% + 5.7%+ 9.01% + 5.67%+ 15.38%

ETM Rank

#15 of 15

Invest

Corporate Bond Fund: List of Best Corporate Bonds in India (20)

DSP Corporate Bond Fund

#13 of 15

Fund Size

₹2,591 Crs

Return (p.a)

+ 8.73%+ 0.62% + 8.89%+ 1.35% + 8.19%+ 2.26% + 7.32%+ 3.87% + 5.62%+ 8.88% + 5.57%+ 15.09%

ETM Rank

#13 of 15

Invest

Corporate Bond Fund: List of Best Corporate Bonds in India (21)

Baroda BNP Paribas Corporate Bond Fund

#14 of 15

Fund Size

₹144 Crs

Return (p.a)

+ 9.25%+ 0.66% + 10.52%+ 1.59% + 9.2%+ 2.53% + 7.88%+ 4.16% + 5.9%+ 9.33% + 5.56%+ 15.07%

ETM Rank

#14 of 15

Invest

Corporate Bond Fund: List of Best Corporate Bonds in India (22)

Mirae Asset Corporate Bond Fund

Unranked

Fund Size

₹58 Crs

Return (p.a)

+ 11.75%+ 0.83% + 10.64%+ 1.6% + 8.93%+ 2.45% + 7.59%+ 4.01% N.A.N.A. N.A.N.A.

ETM Rank

Unranked

Invest

Corporate Bond Fund: List of Best Corporate Bonds in India (23)

TRUSTMF Corporate Bond Fund

Unranked

Fund Size

₹124 Crs

Return (p.a)

+ 9.12%+ 0.65% + 8.99%+ 1.36% + 8.2%+ 2.26% + 7.41%+ 3.92% N.A.N.A. N.A.N.A.

ETM Rank

Unranked

Invest

Corporate Bond Fund: List of Best Corporate Bonds in India (24)

Tata Corporate Bond Fund

Unranked

Fund Size

₹896 Crs

Return (p.a)

+ 9.57%+ 0.68% + 10.04%+ 1.52% + 8.99%+ 2.47% + 7.99%+ 4.22% N.A.N.A. N.A.N.A.

ETM Rank

Unranked

Invest

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Corporate Bond Funds Returns Calculator

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ICICI Prudential Corporate Bond Fund

  • ICICI Prudential Corporate Bond Fund
  • Nippon India Corporate Bond Fund
  • Axis Corporate Debt Fund
  • Aditya Birla Sun Life Corporate Bond Fund
  • HDFC Corporate Bond Fund
  • PGIM India Corporate Bond Fund
  • UTI Corporate Bond Fund
  • Kotak Corporate Bond Fund
  • HSBC Corporate Bond Fund
  • SBI Corporate Bond Fund
  • Franklin India Corporate Debt Fund
  • Invesco India Corporate Bond Fund
  • Sundaram Corporate Bond Fund
  • Bandhan Corporate Bond Fund
  • Canara Robeco Corporate Bond Fund
  • Union Corporate Bond Fund
  • DSP Corporate Bond Fund
  • Baroda BNP Paribas Corporate Bond Fund
  • Mirae Asset Corporate Bond Fund
  • TRUSTMF Corporate Bond Fund
  • Tata Corporate Bond Fund

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Corporate Bond Fund: List of Best Corporate Bonds in India (25)You would have got

Total investment Invested 6 Lakh

Profit 3.33 Lakh

Current value Current value 9.33 Lakh

Corporate Bond Fund: List of Best Corporate Bonds in India (26)

This fund has generated an XIRR of 6.83% over the past 5 Years

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  • How to invest in Corporate Bond Funds?
  • Frequently Asked Questions

How to invest in Corporate Bond Funds?

It is quite easy to invest in Corporate Bond mutual funds on ET Money. Here are the steps that you have to follow.

  • Register online on ET Money app or website
  • Head to Mutual Funds sections and choose the Corporate Bond fund you want to invest in.
  • Click on invest and choose the amount and mode of investment (SIP or Lumpsum)
  • Provide your KYC details (Pan number, Bank details) and complete your investment.

Frequently Asked Questions

Which are the best Corporate Bond Mutual Funds to invest in 2024?

These are top 5 Corporate Bond funds you can invest in 2024

Fund NameFund CategoryETM RankConsistency5 Year Return (Annualized)
Nippon India Corporate Bond FundDebt# 1 of 157.09 % p.a.
PGIM India Corporate Bond FundDebt# 2 of 157.22 % p.a.
Franklin India Corporate Debt FundDebt# 3 of 156.82 % p.a.
Axis Corporate Debt FundDebt# 4 of 157.03 % p.a.
Sundaram Corporate Bond FundDebt# 5 of 157.26 % p.a.

Since Corporate Bond Funds lend for the medium duration, you should invest in these funds for at least 2-3 years.

Corporate Bond Funds by regulation have to lend at least 80% of their money to companies with the highest possible credit rating. There is no regulation on the lending duration, but most funds typically lend for a 2-3 year period.

Corporate Bond Funds is only one of the few debt fund categories where the quality of borrowers they can lend to is defined by regulation. Since they are forced to lend primarily to good quality borrowers, they carry extremely low credit risk. However, they can get affected by interest rate movement in the economy.

Corporate Bond Funds have on an average delivered 7.96% p.a. returns in the last 1 year. Their 3 and 5 year annualized returns are 5.62% and 6.94%. p.a.

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Corporate Bond Fund: List of Best Corporate Bonds in India (2024)
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