ReviewDirect · GrowthPrefer peers first
HDFC Corporate Bond Fund
HDFC Mutual FundDebt Scheme - Corporate Bond Fund13.8 years
The scheme seeks to generate income/capital appreciation through investments predominantly in AA+ and above rated corporate bonds.
- NAV
- 34.9313
- 30 Oct 2026
- 1Y
- +2.8%
- Trailing CAGR
- AUM
- ₹29,478.92 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.8% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Watch if · Three-year return sits below the 25th percentile of comparable share classes.
Prefer peers if · Prefer Aditya Birla Sun Life Corporate Bond Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
0.38% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -4.0%. Ask whether you can hold through a similar fall.
Vs category
Pass
83% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Dhruv Muchhal · 3.4 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 23.4% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+2.8%
- 3Y+6.6%
- 5Y+6.0%
- 10Y+7.1%
- SI+7.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+2.1%
- 3Y+5.2%
- 5Y+6.1%
- 10Y+6.7%
- Since inception
- +7.7%
- Calendar-day CAGR
- Excess 1Y
- -1.0%
- Category median, same plan and option
- 3Y win rate
- +83%
- Windows beating the median
- 3Y percentile
- 0
- Vs comparable share classes
- SIP 3Y XIRR
- +5.2%
- Simulated monthly SIP
- Worst rolling 3Y
- +5.0%
- 2621 daily-ending windows
- Median rolling 3Y
- +8.1%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2139 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -4.0%
- Worst peak-to-trough
- Current
- -1.3%
- Below last peak
- Current spell
- 77 days
- Days below latest peak
- Time below peak
- +46%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 5 days
- 301 recovered episodes
- Longest recovery
- 56 days
- Trough to prior peak
19 Jun 2013 – 8 Oct 2013
Trough 19 Aug 2013 · recovered in 50 days
-4.0%
9 Mar 2020 – 27 Mar 2020
Trough 19 Mar 2020 · recovered in 8 days
-2.7%
5 Apr 2022 – 2 Aug 2022
Trough 7 Jun 2022 · recovered in 56 days
-1.5%
14 Aug 2026 – open
Trough 28 Oct 2026 · not recovered
-1.5%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
0
Vs category
44
Consistency
73
Risk-adjusted
77
Drawdown
90
Mean
57
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
- The fund beat the category median in 83% of rolling 3-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 236 holdings · top 10 are 23.4%.
- Top 5
- 15.5%
- Top 10
- 23.4%
- Largest holding
- 3.9%
- Effective holdings
- 89.2
GOVERNMENT OF INDIA 35840 GOI 15AP65 6.9 FV RS 100
Entities
3.9%
Net Current Assets
Unspecified
3.8%
BAJAJ FINANCE LIMITED 7.55 NCD 03AP35 FVRS1LAC
Financial
3.5%
STATE BANK OF INDIA SR 2 7.33 BD 20SP39 FVRS1CR
Financial
2.5%
LIC HOUSING FINANCE LIMITED TR 434 OP I 7.70 LOA 16MY28 FVRS10LAC
Financial
1.7%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
30 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Aditya Birla Sun Life Corporate Bond Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +3.1%
- 3Y
- +6.7%
- Vol
- 1.4%
- Max DD
- -2.4%
- Sharpe
- 1.41
- 3Y win
- +88%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Tata Corporate Bond Fund
Tata Mutual Fund
- 1Y
- +3.9%
- 3Y
- +7.0%
- Vol
- 1.1%
- Max DD
- -1.7%
- Sharpe
- 0.23
- 3Y win
- +88%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
BANDHAN Corporate Bond Fund
Bandhan Mutual Fund
- 1Y
- +4.8%
- 3Y
- +7.0%
- Vol
- 1.7%
- Max DD
- -3.5%
- Sharpe
- 0.77
- 3Y win
- +12%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
DSP Corporate Bond Fund
DSP Mutual Fund
- 1Y
- +5.7%
- 3Y
- +7.4%
- Vol
- 1.6%
- Max DD
- -3.2%
- Sharpe
- 0.79
- 3Y win
- +10%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
ICICI Prudential Corporate Bond Fund
ICICI Prudential Mutual Fund
- 1Y
- +4.2%
- 3Y
- +7.0%
- Vol
- 1.2%
- Max DD
- -2.0%
- Sharpe
- 1.71
- 3Y win
- +77%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns