Corporate Bond funds in India
42 plans (21 Regular, 21 Direct), rated on their track record against the median fund in their category and their peers. Data as of 8 Nov 2026.
High-quality company bonds: a little more than gilts, with low credit risk. A common core holding for money needed in two years or more. SEBI requires corporate bond funds to invest at least 80% in the highest-rated corporate bonds (AA+ and above).
The difference, on ₹10 lakh invested three years ago, between the strongest corporate bond fund (7.4% a year) and the weakest (5.9% a year). Same category, same SEBI rules, same market. 11 of 21 funds beat the median fund in their category over the same period.
Regular plans, to the latest NAV. Past returns, not a forecast.
Regular plans (21)
| Fund | Rating | 3Y return | 3Y vs index | Expense ratio | AUM |
|---|---|---|---|---|---|
| Baroda BNP Paribas Corporate Bond FundBaroda BNP Paribas Mutual Fund · 4.6 yrs | A+ | 7.4% | +0.7% | 0.50% | ₹263 cr |
| DSP Corporate Bond FundDSP Mutual Fund · 8.2 yrs | A+ | 7.1% | +0.4% | 0.50% | ₹2,628 cr |
| ICICI Prudential Corporate Bond FundICICI Prudential Mutual Fund · 17.2 yrs | A+ | 7.0% | +0.3% | 0.60% | ₹27,500 cr |
| Franklin India Corporate Bond FundFranklin Templeton Mutual Fund · 20.6 yrs | A | 7.2% | +0.5% | 0.77% | ₹1,401 cr |
| UTI - Corporate Bond FundUTI Mutual Fund · 8.2 yrs | A | 6.8% | +0.1% | 0.60% | ₹4,532 cr |
| HSBC Corporate Bond FundHSBC Mutual Fund · 3.9 yrs | A | 6.9% | +0.2% | 0.60% | ₹5,800 cr |
| Sundaram Corporate Bond FundSundaram Mutual Fund · 20.6 yrs | B | 6.7% | -0.1% | 0.56% | ₹613 cr |
| Nippon India Corporate Bond FundNippon India Mutual Fund · 20.6 yrs | B | 7.0% | +0.3% | 0.75% | ₹8,738 cr |
| Kotak Corporate Bond FundKotak Mahindra Mutual Fund · 11.8 yrs | B | 6.9% | +0.2% | 0.69% | ₹14,825 cr |
| AXIS Corporate Bond FundAxis Mutual Fund · 9.3 yrs | B | 7.0% | +0.2% | 0.98% | ₹7,309 cr |
| BANDHAN Corporate Bond FundBandhan Mutual Fund · 10.8 yrs | B | 6.8% | +0.0% | 0.68% | ₹13,428 cr |
| Aditya Birla Sun Life Corporate Bond FundAditya Birla Sun Life Mutual Fund · 20.6 yrs | B | 6.7% | +0.0% | 0.52% | ₹24,065 cr |
| Mirae Asset Corporate Bond FundMirae Asset Mutual Fund · 5.6 yrs | B | 6.6% | -0.1% | 0.68% | ₹43 cr |
| HDFC Corporate Bond FundHDFC Mutual Fund · 16.4 yrs | B | 6.6% | -0.1% | 0.63% | ₹28,924 cr |
| Invesco India Corporate Bond FundInvesco Mutual Fund · 19.3 yrs | B | 6.6% | -0.1% | 0.69% | ₹3,442 cr |
| Trustmf Corporate Bond FundTrust Mutual Fund · 3.8 yrs | C | 6.3% | -0.4% | 0.64% | ₹76 cr |
| SBI Corporate Bond FundSBI Mutual Fund · 7.7 yrs | C | 6.6% | -0.1% | 0.76% | ₹21,472 cr |
| Tata Corporate Bond FundTata Mutual Fund · 4.9 yrs | C | 6.6% | -0.2% | 0.82% | ₹2,628 cr |
| Canara Robeco Corporate Bond FundCanara Robeco Mutual Fund · 12.7 yrs | C | 5.9% | -0.8% | 0.99% | ₹102 cr |
| Union Corporate Bond FundUnion Mutual Fund · 8.4 yrs | C | 6.5% | -0.2% | 0.71% | ₹275 cr |
| PGIM India Corporate Bond FundPGIM India Mutual Fund · 10.7 yrs | C | 6.3% | -0.5% | 0.95% | ₹73 cr |
Direct plans (21)
| Fund | Rating | 3Y return | 3Y vs index | Expense ratio | AUM |
|---|---|---|---|---|---|
| Franklin India Corporate Bond FundFranklin Templeton Mutual Fund · 13.8 yrs | A+ | 7.8% | +0.7% | 0.26% | ₹1,401 cr |
| Baroda BNP Paribas Corporate Bond FundBaroda BNP Paribas Mutual Fund · 4.6 yrs | A+ | 7.7% | +0.6% | 0.21% | ₹263 cr |
| DSP Corporate Bond FundDSP Mutual Fund · 8.2 yrs | A | 7.4% | +0.2% | 0.29% | ₹2,628 cr |
| AXIS Corporate Bond FundAxis Mutual Fund · 9.3 yrs | A | 7.6% | +0.4% | 0.39% | ₹7,309 cr |
| Nippon India Corporate Bond FundNippon India Mutual Fund · 13.8 yrs | A | 7.4% | +0.3% | 0.37% | ₹8,738 cr |
| UTI - Corporate Bond FundUTI Mutual Fund · 8.2 yrs | A | 7.1% | 0.0% | 0.30% | ₹4,532 cr |
| ICICI Prudential Corporate Bond FundICICI Prudential Mutual Fund · 13.8 yrs | A | 7.2% | +0.1% | 0.37% | ₹27,500 cr |
| Kotak Corporate Bond FundKotak Mahindra Mutual Fund · 11.8 yrs | B | 7.3% | +0.1% | 0.36% | ₹14,825 cr |
| HSBC Corporate Bond FundHSBC Mutual Fund · 3.9 yrs | B | 7.3% | +0.1% | 0.33% | ₹5,800 cr |
| BANDHAN Corporate Bond FundBandhan Mutual Fund · 10.8 yrs | B | 7.1% | -0.1% | 0.36% | ₹13,428 cr |
| Tata Corporate Bond FundTata Mutual Fund · 4.9 yrs | B | 7.1% | -0.0% | 0.32% | ₹2,628 cr |
| Mirae Asset Corporate Bond FundMirae Asset Mutual Fund · 5.6 yrs | B | 7.1% | -0.1% | 0.28% | ₹43 cr |
| Sundaram Corporate Bond FundSundaram Mutual Fund · 13.5 yrs | B | 6.9% | -0.2% | 0.33% | ₹613 cr |
| PGIM India Corporate Bond FundPGIM India Mutual Fund · 10.7 yrs | B | 7.0% | -0.1% | 0.36% | ₹73 cr |
| Invesco India Corporate Bond FundInvesco Mutual Fund · 13.8 yrs | B | 7.0% | -0.1% | 0.29% | ₹3,442 cr |
| Canara Robeco Corporate Bond FundCanara Robeco Mutual Fund · 12.7 yrs | C | 6.6% | -0.5% | 0.35% | ₹102 cr |
| Trustmf Corporate Bond FundTrust Mutual Fund · 3.8 yrs | C | 6.7% | -0.4% | 0.27% | ₹76 cr |
| Aditya Birla Sun Life Corporate Bond FundAditya Birla Sun Life Mutual Fund · 13.8 yrs | C | 6.9% | -0.2% | 0.34% | ₹24,065 cr |
| SBI Corporate Bond FundSBI Mutual Fund · 7.7 yrs | C | 7.1% | -0.1% | 0.37% | ₹21,472 cr |
| HDFC Corporate Bond FundHDFC Mutual Fund · 13.8 yrs | C | 6.9% | -0.3% | 0.38% | ₹28,924 cr |
| Union Corporate Bond FundUnion Mutual Fund · 8.4 yrs | C | 6.8% | -0.4% | 0.41% | ₹275 cr |
Common questions
What does a corporate bond fund invest in?
SEBI requires corporate bond funds to invest at least 80% in the highest-rated corporate bonds (AA+ and above).
How many corporate bond funds beat their index over 3 years?
11 of 21 corporate bond funds (Regular plans with 3 years of history) beat the median fund in their category over the 3 years to 8 Nov 2026.
How are these funds rated?
Each fund is compared only with funds in its category and plan type, on its long-run return over the index, risk-adjusted return, consistency, cost and portfolio. The ratings describe the track record so far; our own backtest found they do not predict future returns.
Ratings describe past track records and are not a recommendation to buy or sell. Read the scheme documents before investing.