ICICI Pru Corp Bond Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 10, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
ICICI Pru Corp Bond Fund Direct Growth Plan has a NAV of ₹33.6177 as of 09 Sep 2026 and a scheme AUM of ₹29,687 Cr. Its 1-year, 3-year and 5-year returns are 6.25%, 7.56% and 6.83%, respectively, and the fund sits in the Medium Risk bucket.
Our view is that this is a steady debt option for investors who want credit-oriented income with moderate volatility rather than sharp market-linked swings. The return pattern is more stable than equity-like funds, but the portfolio still carries meaningful exposure to corporate debt, securitised debt and government securities.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹33.6177 as of 09 Sep 2026 |
| AUM | ₹29,687 Cr |
| Expense Ratio | 0.35% |
| Launch Date | 02 Jan 2013 |
| Min SIP | ₹100 |
| Risk Category | Medium Risk |
| Benchmark | Nifty 50 |
| Fund Category | Debt |
| Exit Load | No exit load after holding period |
| Fund Managers | Manish Banthia, Ritesh Lunawat |
The fund is managed by Manish Banthia and Ritesh Lunawat.
Source data date: as of 09 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.07% | -4.69% |
| 3M | 1.77% | 0.93% |
| 1Y | 6.25% | -7.16% |
| 3Y | 7.56% | 6% |
| 5Y | 6.83% | 5.87% |
The short-term picture is more settled than the benchmark. Over 1 month, the fund stayed almost flat while the benchmark was negative, and over 3 months the fund also held up better with a cleaner upward bias. That tells us the portfolio has not been forced into the kind of drawdown profile that the benchmark showed in the most recent stretch.
The 1-year number is more important for context. The fund returned 6.25% while the benchmark was negative over the same window, which points to a much better capital-preservation profile in a difficult period for the reference index. For a debt fund, that relative resilience matters more than chasing a large headline jump.
Longer term, the picture remains consistent but not dramatic. The 3-year return of 7.56% and 5-year return of 6.83% both indicate measured compounding, with the 3-year period slightly stronger than the 5-year period. That combination suggests the fund has been able to participate in income generation without turning into a high-variance product.
Compared with the benchmark, the fund is ahead on every listed horizon here. The gap is widest in 1 year and narrower over 3 and 5 years, which is useful because it shows the recent outperformance was not just a one-off rebound. In our view, the return profile looks consistent with a conservative credit-and-rate-managed debt strategy rather than a fund that relies on aggressive timing.
Source data date: as of 09 Sep 2026
Should you BUY or HOLD ICICI Pru Corp Bond?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding ICICI Pru Corp Bond? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Franklin India Corporate Bond Fund-A Direct Growth Plan | 6.52% | 8.09% | 6.77% |
| Baroda BNP Paribas Corp Bond Fund Direct Growth Plan | 6.42% | 7.85% | 6.28% |
| ICICI Pru Corp Bond Fund Direct Growth Plan | 6.25% | 7.56% | 6.83% |
| DSP Corp Bond Fund Direct Growth Plan | 6.21% | 7.42% | 6.04% |
| Bandhan Corp Bond Fund Direct Growth Plan | 6.03% | 7.37% | 6.12% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On the recent 1-year measure, the fund is a little behind Franklin India Corporate Bond Fund-A Direct Growth Plan and Baroda BNP Paribas Corp Bond Fund Direct Growth Plan, but it is still close to the broader peer group shown here. The short-term gap is not large, so the fund remains broadly competitive on recent numbers.
The longer-term picture is mixed but still constructive. Its 3-year return trails Franklin India Corporate Bond Fund-A Direct Growth Plan and Baroda BNP Paribas Corp Bond Fund Direct Growth Plan, while its 5-year return is ahead of the other peers shown here. That split tells us the fund has been steadier over a longer stretch even when some peers have moved ahead on the intermediate window.
So the peer comparison does not point to a single dominant pattern. The near-term return is solid, but the longer-term record is more useful for understanding the fund’s character: moderate, durable and not dependent on one strong quarter or year.
Source data date: as of 09 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| 7.58% LIC Housing Finance Ltd. ** | Corporate Debt | 4.91% |
| Siddhivinayak Securitisation Trust ** | PTC & Securitized Debt | 3.34% |
| 7.57% State Government of Madhya Pradesh | Government Securities | 3.01% |
| Shivshakti Securitisation Trust ** | PTC & Securitized Debt | 2.99% |
| 7.53% NABARD | Corporate Debt | 2.51% |
| 7.04% Small Industries Development Bank of India. ** | Corporate Debt | 2.47% |
| 6.9% Government Securities | Government Securities | 2.32% |
| 6.94% Government Securities | Government Securities | 2.31% |
| 7.44% NABARD | Corporate Debt | 2.3% |
| India Universal Trust Al1 ** | PTC & Securitized Debt | 1.95% |
The top 10 holdings account for approximately 28.11% of the portfolio.
To see all holdings, visit the ICICI Pru Corp Bond Fund Direct Growth Plan page
The largest holding, 7.58% LIC Housing Finance Ltd., is 4.91%, so no single position dominates the portfolio by itself. The tenth holding is 1.95%, which shows that the individual weights ease down gradually rather than collapsing after the first few names.
That pattern suggests a portfolio that spreads exposure across a sizeable list of debt instruments and securitised assets. The top 10 positions together make up 28.11% of the portfolio, so the visible part is meaningful but not overwhelming, and the remaining holdings across 64 disclosed rows may also have a noticeable effect.
From an investor’s point of view, this kind of structure may help keep the fund from becoming too dependent on one borrower, one security or one maturity bucket. At the same time, the mix of corporate debt, PTC and securitised debt, and government securities means credit and rate decisions could still matter for outcomes.
Source data date: as of 09 Sep 2026
Who should invest
This fund suits investors who can accept Medium Risk and want a debt allocation with a moderate return profile over a multi-year horizon. The 1-year, 3-year and 5-year numbers show a fund that has been relatively steady, with the longer track record still holding up even when the benchmark has weakened.
It is better suited to investors who value stability and measured compounding over quick gains. The main trade-off is that the fund may not move as strongly as equity-oriented options, but it also has a better chance of avoiding the kind of drawdowns that showed up in the benchmark’s recent performance.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: No exit load after holding period.
Source data date: as of 09 Sep 2026
Frequently asked questions
What is the current NAV of ICICI Pru Corp Bond Fund Direct Growth Plan?
The current NAV is ₹33.6177 as of 09 Sep 2026.
What are the 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 6.25%, the 3-year return is 7.56% and the 5-year return is 6.83%.
How has the fund performed versus the benchmark?
It has outperformed the benchmark across the listed 1-month, 3-month, 1-year, 3-year and 5-year periods. The strongest relative gap is in the 1-year period, where the benchmark was negative and the fund stayed positive.
How does it compare with the peer funds shown here?
Its 1-year return is close to the peer set shown here, while its 3-year return is a little behind the strongest recent peers and its 5-year return is comparatively stronger than the other peer funds listed here.
Is there a minimum SIP amount?
Yes, the minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
The fund is managed by Manish Banthia and Ritesh Lunawat. The exit load is stated as no exit load after the holding period.
Bottom line
This fund looks steadier over time than its benchmark, and its recent return pattern does not break that longer-term story. Among the peer returns shown here, it is competitive without being the most aggressive on the shorter windows, while its 5-year figure remains constructive. The portfolio also appears spread across corporate debt, securitised debt and government securities rather than relying on one large position. In our view, that makes it a better fit for investors seeking a moderate-risk debt allocation with a multi-year horizon.
Published on 10 September 2026 at 2:08 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.