Icici Prudential Corporate Bond Fund

Review Date: 25-03-2025

Beginning of Analysis

In the Corporate Bond Fund category, Icici Prudential Corporate Bond Fund is the top ranked fund. The category has total 18 funds. The 5 star rating shows an excellent past performance of the Icici Prudential Corporate Bond Fund in Corporate Bond Fund category. The fund has a Jensen Alpha of 4.1% which is higher than the category average of 1.93%. Here the fund has shown very good performance in terms of risk adjusted returns. The fund has a Sharpe Ratio of 0.3 which is higher than the category average of -0.51.
The past performance of the Icici Prudential Corporate Bond Fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds.
Corporate Bond Mutual Funds are a good option for investors seeking higher returns than traditional debt instruments while maintaining moderate risk. However, they are not entirely risk-free and are subject to credit risk, interest rate risk, and market risk. Investors should carefully assess their risk appetite, investment horizon, and tax implications before investing in these funds.

Icici Prudential Corporate Bond Fund Return Analysis

The fund has given a return of 0.76%, 2.03 and 3.9 in last one, three and six months respectively. In the same period the category average return was 0.78%, 2.02% and 3.67% respectively. The fund has given a return of 8.39% in last one year, 7.41% in last three years, 7.61% in last five years and 7.87% in last ten years. In the same period the category average return was 8.44%, 6.72%, 7.29% and 7.64% respectively. The fund has Very Good performance in last ten years in Corporate Bond Fund.

The fund has given a SIP return of 8.31% in last one year. In the same period the category average SIP return was 8.34%. The fund has SIP return of 8.02% in last three years whereas category average SIP return is 7.8%. The category average SIP return is 6.02% and the fund has given a SIP return of 6.39% in last five years.

Icici Prudential Corporate Bond Fund Risk Analysis

The fund has a standard deviation of 0.74 and semi deviation of 0.58. The category average standard deviation is 1.12 and semi deviation is 0.9. The fund has a Value at Risk (VaR) of 0.0 and a maximum drawdown of -0.09. The category average VaR is -0.33 and the maximum drawdown is -0.84. The fund has a beta of 0.39 which shows that fund is less volatile than the benchmark.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.