Best Corporate Bond Fund Mutual Funds
Corporate Bond funds hold at least 80% in the highest-rated (AA+ and above) corporate paper. They aim to beat government-bond returns while keeping credit risk contained.
We currently track 22 direct-plan Corporate Bond Fund schemes from 21 fund houses with a median 5-year CAGR of 6.2%. Every figure below is calculated from official daily NAV history and refreshed each day. Use the column headers to re-rank the table by any period — the best 1-year performer is often not the best over 5 or 10 years, which is exactly why we default to the longer horizon.
Showing 22 of 22 schemes · sorted by Y5 high to low · page 1 of 1
- Franklin India Corporate Bond Fund - Direct Plan - GrowthFranklin Templeton · Debt₹116.46#11Y+5.53%3Y+7.93%5Y+6.74%10Y+7.50%
- AXIS Corporate Bond Fund - Direct Plan - Growth OptionAxis · Debt₹19.36#21Y+4.71%3Y+7.60%5Y+6.71%10Y—
- Nippon India Corporate Bond Fund - Direct Plan - Growth OptionNippon India · Debt₹67.17#31Y+4.40%3Y+7.44%5Y+6.71%10Y+7.19%
- ICICI Prudential Corporate Bond Fund - Direct Plan - GrowthICICI Prudential · Debt₹33.42#41Y+4.66%3Y+7.19%5Y+6.66%10Y+7.27%
- Kotak Corporate Bond Fund - Direct Plan - Growth OptionKotak Mahindra · Debt₹4,197.33#51Y+4.20%3Y+7.27%5Y+6.37%10Y+7.16%
- UTI - Corporate Bond Fund - Direct Plan - GrowthUTI · Debt₹17.87#61Y+4.45%3Y+7.18%5Y+6.26%10Y—
- Aditya Birla Sun Life Corporate Bond Fund - Direct Plan - GROWTHAditya Birla Sun Life · Debt₹121.22#71Y+3.55%3Y+6.91%5Y+6.25%10Y+7.17%
- SBI Corporate Bond Fund - Direct Plan - GrowthSBI · Debt₹17.01#81Y+4.25%3Y+7.15%5Y+6.24%10Y—
- PGIM India Corporate Bond Fund - Direct Plan - Direct GrowthPGIM India · Debt₹51.01#91Y+3.83%3Y+7.00%5Y+6.20%10Y+6.80%
- HDFC Corporate Bond Fund - Direct Plan - Growth OptionHDFC · Debt₹35.05#101Y+3.31%3Y+6.83%5Y+6.12%10Y+7.09%
- BANDHAN Corporate Bond Fund - Direct Plan - GrowthBandhan · Debt₹21.22#111Y+5.16%3Y+7.14%5Y+6.11%10Y+6.89%
- DSP Corporate Bond Fund - Direct Plan - GrowthDSP · Debt₹17.56#121Y+5.89%3Y+7.46%5Y+6.08%10Y—
- Invesco India Corporate Bond Fund - Direct Plan - GrowthInvesco · Debt₹3,606.56#131Y+3.73%3Y+7.01%5Y+6.04%10Y+6.41%
- Sundaram Corporate Bond Fund - Direct Plan - GROWTHSundaram · Debt₹44.09#141Y+3.96%3Y+6.96%5Y+6.01%10Y+6.83%
- Mirae Asset Corporate Bond Fund - Direct Plan - GrowthMirae Asset · Debt₹13.83#151Y+4.30%3Y+7.06%5Y+6.01%10Y—
- Canara Robeco Corporate Bond Fund - Direct Plan - GROWTH OPTIONCanara Robeco · Debt₹24.63#161Y+3.99%3Y+6.61%5Y+5.81%10Y+6.57%
- Union Corporate Bond Fund - Direct Plan - Growth OptionUnion · Debt₹16.47#171Y+3.22%3Y+6.78%5Y+5.73%10Y—
- Tata Corporate Bond Fund - Direct Plan - Growth OptionTata · Debt₹13.43#181Y+4.25%3Y+7.17%5Y—10Y—
- BARODA BNP PARIBAS CORPORATE BOND FUND - Growth OptionBaroda BNP Paribas · Debt₹34.11#191Y+4.80%3Y+7.45%5Y—10Y—
- BARODA BNP PARIBAS CORPORATE BOND FUND - Direct Plan - Growth OptionBaroda BNP Paribas · Debt₹31.41#201Y+5.15%3Y+7.76%5Y—10Y—
- HSBC Corporate Bond Fund - Direct Plan - GrowthHSBC · Debt₹83.24#211Y+4.53%3Y+7.34%5Y—10Y—
- TRUSTMF CORPORATE BOND FUND - Direct Plan - GrowthTrust · Debt₹1,276.97#221Y+3.91%3Y+6.78%5Y—10Y—
Corporate Bond Fund funds — frequently asked questions
Which Corporate Bond Fund fund has the highest 5-year CAGR?
Franklin India Corporate Bond Fund - Direct Plan - Growth currently leads the Corporate Bond Fund category with a 5-year CAGR of 6.7%. Past returns describe what already happened and do not predict future performance — treat the ranking as a starting point for research, not a recommendation.
What is a good 5-year return for a Corporate Bond Fund fund?
Across the 22 Corporate Bond Fund schemes we track, the median 5-year CAGR is 6.2%. Comparing a fund against that median, rather than against the category's single best performer, is a more realistic benchmark.
How is CAGR calculated on this page?
CAGR is the compound annual growth rate between the NAV on the horizon start date and the latest NAV, using growth-plan NAVs published by the AMCs. Where a scheme's NAV history has a gap or a re-denomination, we adjust for it rather than report a distorted figure. Expense ratios are already reflected in NAV; exit loads and taxes are not.
Why does this list only show direct plans?
Direct plans have no distributor commission, so their expense ratio is lower and their NAV growth is higher than the regular plan of the same scheme. Showing both would list every fund twice, so we rank direct plans only.