NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

HDFC Corporate Bond Growth for NRI [30.68]

Min Investment

100

Fund Size

30,873.01 Cr

Expense Ratio

0.6%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

30.68

-0.01%

NAV as on 03 Oct 24, 12:00 AM

moderate risk

corporate bond

debt

NAV as on 03 Oct 24, 12:00 AM

moderate risk

corporate bond

debt

8.51%p.a.

Last 1Y

6.02%p.a.

Last 3Y

6.99%p.a.

Last 5Y

8.17%p.a.

Since Inception

About HDFC Corporate Bond Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the HDFC Corporate Bond Growth scheme from HDFC Asset Management Co Ltd. It is a Corporate Bond mutual fund scheme that predominantly invests in Corporate Bond stocks of companies. Launched on Jun 2010, HDFC Corporate Bond Growth is Corporate Bond fund of its category with 30,873.01 Cr fund under management as on Oct 2024. The expense ratio of this fund is less than that of most other Fund category Corporate Bond funds.

  • HDFC Corporate Bond Growth delivered 8.5% annual returns during the last year. It has delivered 8.2% average annual returns since the fund was launched.
  • HDFC Corporate Bond Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

To generate income/capital appreciation through investments predominantly in AA+ and above rated corporate bonds. There is no assurance that the investment objective of the Scheme will be realized.

Top 10 Holdings

7.1% Govt Stock 2034

4.96%

7.23% Govt Stock 2039

4.86%

8.34% Govt Stock 2033

4.16%

8% Govt Stock 2034

2.45%

Mangalore Refinery And Petrochemicals Limited

1.80%

Reliance Industries Limited

1.70%

HDFC Bank Limited

1.64%

Bajaj Housing Finance Limited

1.63%

LIC Housing Finance Limited

1.62%

State Bank Of India

1.55%

Fund Managers

  1. Anupam Joshi (Oct 2015 - Present)
  2. Dhruv Muchhal (Jun 2023 - Present)

Key Information

View Scheme Document

HDFC Corporate Bond Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on HDFC Corporate Bond Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in HDFC Corporate Bond Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in HDFC Corporate Bond Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

Frequently Asked Questions