Corporate Bond Mutual Funds
At least 80% in the highest-rated corporate debt.
AA+ and above only. Better yields than government paper with credit risk kept deliberately small — the category exists precisely to avoid the trade-off credit risk funds make.
Who it suits. Conservative investors wanting more than a gilt fund without reaching for risk. Hold for 3 years or more.
Regular plans in this category
- ICICI Prudential Corporate Bond FundICICI Prudential Mutual Fund · NAV ₹31.94 6.0% 7.4% 6.6%
- Nippon India Corporate Bond FundNippon India Mutual Fund · NAV ₹63.71 5.2% 7.3% 6.4%
- Aditya Birla Sun Life Corporate Bond FundAditya Birla Sun Life Mutual Fund · NAV ₹119.50 5.2% 7.1% 6.3%
- Franklin India Corporate Bond FundFranklin Templeton Mutual Fund · NAV ₹106.46 5.8% 7.5% 6.2%
- Kotak Corporate Bond FundKotak Mahindra Mutual Fund · NAV ₹4,004.96 5.2% 7.2% 6.2%
- AXIS Corporate Bond FundAxis Mutual Fund · NAV ₹18.16 5.2% 7.2% 6.1%
- HDFC Corporate Bond FundHDFC Mutual Fund · NAV ₹34.38 4.9% 7.0% 6.1%
- UTI - Corporate Bond FundUTI Mutual Fund · NAV ₹17.41 5.1% 7.1% 6.0%
- SBI Corporate Bond FundSBI Mutual Fund · NAV ₹16.44 5.0% 7.0% 5.9%
- BANDHAN Corporate Bond FundBandhan Mutual Fund · NAV ₹20.48 5.6% 7.0% 5.8%
- Sundaram Corporate Bond FundSundaram Mutual Fund · NAV ₹42.50 4.9% 6.9% 5.8%
- Invesco India Corporate Bond FundInvesco Mutual Fund · NAV ₹3,364.46 4.9% 7.0% 5.8%
- DSP Corporate Bond FundDSP Mutual Fund · NAV ₹17.08 5.7% 7.1% 5.7%
- Mirae Asset Corporate Bond FundMirae Asset Mutual Fund · NAV ₹13.50 4.9% 6.8% 5.6%
- PGIM India Corporate Bond FundPGIM India Mutual Fund · NAV ₹45.45 4.5% 6.5% 5.6%
- Union Corporate Bond FundUnion Mutual Fund · NAV ₹16.11 4.4% 6.8% 5.5%
- Canara Robeco Corporate Bond FundCanara Robeco Mutual Fund · NAV ₹22.84 4.6% 6.2% 5.2%
- BARODA BNP PARIBAS CORPORATE BOND FUNDBaroda BNP Paribas Mutual Fund · NAV ₹29.41 — — —
- HSBC Corporate Bond FundHSBC Mutual Fund · NAV ₹77.76 — — —
- TRUSTMF CORPORATE BOND FUNDTrust Mutual Fund · NAV ₹1,256.02 4.6% 6.5% —
- Tata Corporate Bond FundTata Mutual Fund · NAV ₹13.06 — — —
Point-to-point CAGR from AMFI NAV history, Regular plans only. Ordered by five-year return so the list has a shape, not because the order is a judgement. Past returns do not predict future ones — a fund near the top is usually there because its style suited the last five years, and styles take turns.
Other categories
Questions people ask
What is a Corporate Bond fund?
At least 80% in the highest-rated corporate debt. AA+ and above only. Better yields than government paper with credit risk kept deliberately small — the category exists precisely to avoid the trade-off credit risk funds make.
Who should invest in Corporate Bond funds?
Conservative investors wanting more than a gilt fund without reaching for risk. A sensible holding period is 3 years or more.
How is this list ordered?
By five-year CAGR computed from AMFI's published NAV history, within one plan type. It is a sort, not a verdict — a fund near the top is there because its style suited the last five years, which is not a promise about the next five.
Should I choose the Direct or Regular plan?
A Direct plan holds exactly the same portfolio without the distributor commission, so its expense ratio is lower — commonly 0.5% to 1.2% a year — and it compounds ahead of the Regular plan for ever. Choose Regular only if you want an intermediary's advice and are content to pay for it annually.