HDFC Corporate Bond Fund vs ICICI Prudential Banking and PSU Debt Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Corporate Bond Fund is a Corporate Bond fund and ICICI Prudential Banking and PSU Debt Fund is a Banking & PSU fund. In the 3 years to 30-10-2026, HDFC Corporate Bond Fund (Direct) returned 6.6% a year and ICICI Prudential Banking and PSU Debt Fund (Direct) returned 6.9% a year. HDFC Corporate Bond Fund charges 0.38% a year and ICICI Prudential Banking and PSU Debt Fund 0.40% (Direct plans). Their portfolios overlap 15.1%: they hold 26 of the same securities.
HDFC Corporate Bond Fund
Corporate Bond
- 3 year return
- 6.6%
- Expense ratio
- 0.38%
- NAV
- ₹34.93
ICICI Prudential Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 6.9%
- Expense ratio
- 0.40%
- NAV
- ₹36.33
Which is better, HDFC Corporate Bond or ICICI Prudential Banking and PSU Debt? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Banking and PSU Debt returned more over 5 years: 6.5% a year against 6.0%.
- ICICI Prudential Banking and PSU Debt returned more over 3 years: 6.9% a year against 6.6%.
- HDFC Corporate Bond costs less: 0.38% a year against 0.40% (Direct plans).
- ICICI Prudential Banking and PSU Debt swung less over 3 years: a standard deviation of 1.1% a year against 1.3%.
- ICICI Prudential Banking and PSU Debt fell less in its worst fall since 14-03-2013: −2.9% against −4.0%.
- HDFC Corporate Bond is the larger fund: ₹29,479 Cr against ₹8,041 Cr.
- Their portfolios overlap 15.1%: 26 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | HDFC Corporate Bond Fund | ICICI Prudential Banking and PSU Debt Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Corporate Bond | Banking & PSU |
| AUM | ₹29,479 Cr (30-09-2026) | ₹8,041 Cr (30-09-2026) |
| NAV | ₹34.93 (Direct) | ₹36.33 (Direct) |
| Expense ratio (Direct) | 0.38% | 0.40% |
| Expense ratio (Regular) | 0.63% | 0.74% |
| Riskometer | Moderate | Not available |
| Benchmark | NIFTY Corporate Bond Index A-II | Not available |
| Launch date | 29-06-2010 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Anupam Joshi, Gopal Agrawal | Not available |
| Exit load | NIL | Not available |
HDFC Corporate Bond vs ICICI Prudential Banking and PSU Debt: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| HDFC Corporate Bond Fund (Direct) | −0.60% | −0.87% | +1.72% | +2.83% | +6.60% | +6.02% | +7.06% |
| ICICI Prudential Banking and PSU Debt Fund (Direct) | −0.45% | −0.11% | +2.18% | +4.12% | +6.87% | +6.46% | +7.07% |
| Corporate Bond average | −0.24% | +0.05% | +2.31% | +4.00% | +7.02% | +6.20% | +6.98% |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | +6.95% |
Category average: the average of the 21 Corporate Bond funds and the 19 Banking & PSU funds, same plan type.
HDFC Corporate Bond vs ICICI Prudential Banking and PSU Debt: Year-wise Returns
| Year | HDFC Corporate BondHDFC Corporate Bond | ICICI Prudential Banking and PSU DebtICICI Prudential Banking and PSU Debt |
|---|---|---|
| 2026to date | +2.14% | +3.11% |
| 2025 | +7.60% | +8.00% |
| 2024 | +8.82% | +8.24% |
| 2023 | +7.49% | +7.71% |
| 2022 | +3.56% | +4.73% |
| 2021 | +4.22% | +4.69% |
HDFC Corporate Bond vs ICICI Prudential Banking and PSU Debt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,572 of them, one for each trading day from 14-03-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
HDFC Corporate Bond Fund (Direct)
ICICI Prudential Banking and PSU Debt Fund (Direct)
to
Jan 2017Nov 2015
to
Nov 2018Aug 2017
to
Aug 2020Jun 2019
to
Jun 2022Apr 2021
to
Apr 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Corporate Bond | 0.0 | 0.0 | 94.2 | 5.8 | 0.0 | 0.0 | 0.0 | 8.0% | 8.0% | 5.0% | 11.2% |
| ICICI Prudential Banking and PSU Debt | 0.0 | 0.0 | 88.1 | 11.9 | 0.0 | 0.0 | 0.0 | 8.0% | 8.0% | 5.6% | 11.7% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 14-03-2013. Past returns do not promise future returns.
HDFC Corporate Bond vs ICICI Prudential Banking and PSU Debt: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-03-2013 to 30-10-2026: 164 instalments, ₹16,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Corporate BondHDFC Corporate Bond Fund (Direct) | ₹16,40,000 | ₹27,37,005 | ₹10,97,005 | 7.2% |
| ICICI Prudential Banking and PSU DebtICICI Prudential Banking and PSU Debt Fund (Direct) | ₹16,40,000 | ₹27,66,736 | ₹11,26,736 | 7.3% |
HDFC Corporate BondHDFC Corporate Bond Fund (Direct)
ICICI Prudential Banking and PSU DebtICICI Prudential Banking and PSU Debt Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
HDFC Corporate Bond vs ICICI Prudential Banking and PSU Debt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Corporate Bond Fund (Direct) | ICICI Prudential Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.83% | +4.12% |
| Standard deviation | 1.73% | 1.43% |
| Sharpe ratio | -1.40 | -0.79 |
| Sortino ratio | -1.83 | -1.07 |
| Maximum drawdown | −1.5% (23-10-2026) | −0.8% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | HDFC Corporate Bond Fund (Direct) | ICICI Prudential Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.60% | +6.87% |
| Standard deviation | 1.28% | 1.06% |
| Sharpe ratio | 0.45 | 0.80 |
| Sortino ratio | 0.62 | 1.15 |
| Maximum drawdown | −1.5% (23-10-2026) | −0.8% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | HDFC Corporate Bond Fund (Direct) | ICICI Prudential Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.02% | +6.46% |
| Standard deviation | 1.25% | 1.03% |
| Sharpe ratio | 0.18 | 0.64 |
| Sortino ratio | 0.23 | 0.89 |
| Maximum drawdown | −1.5% (07-06-2022) | −0.8% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | HDFC Corporate Bond Fund (Direct) | ICICI Prudential Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.75% | +7.90% |
| Standard deviation | 1.74% | 1.66% |
| Sharpe ratio | 0.97 | 1.13 |
| Sortino ratio | 1.39 | 1.61 |
| Maximum drawdown | −4.0% (19-08-2013) | −2.9% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
HDFC Corporate Bond Fund (Direct)
ICICI Prudential Banking and PSU Debt Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Corporate Bond Fund (Direct) | −4.0% | 19-06-2013 | 19-08-2013 | 08-10-2013 | 50 days | −1.3% |
| ICICI Prudential Banking and PSU Debt Fund (Direct) | −2.9% | 06-03-2020 | 23-03-2020 | 23-04-2020 | 31 days | −0.7% |
From daily values since 14-03-2013, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC Corporate Bond Fund (Direct)
ICICI Prudential Banking and PSU Debt Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC Corporate Bond Fund (Direct)
ICICI Prudential Banking and PSU Debt Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC Corporate Bond Fund (Direct)
ICICI Prudential Banking and PSU Debt Fund (Direct)
HDFC Corporate Bond vs ICICI Prudential Banking and PSU Debt: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Corporate Bond Fund, September 2026; ICICI Prudential Banking and PSU Debt Fund, September 2026
Holdings in common
- Overlap
- 15.1%
- Held by both
- 26
- Only in HDFC Corporate Bond
- 208
- Only in ICICI Prudential Banking and PSU Debt
- 67
| Security | % of HDFC Corporate Bond | % of ICICI Prudential Banking and PSU Debt |
|---|---|---|
| 6.9% GOI MAT 150465 | 3.90% | 3.56% |
| Siddhivinayak Securitisation Trust (Originator - Sikka Ports & Terminals Limited) | 1.38% | 2.08% |
| Floating Rate GOI 2033 | 1.50% | 1.30% |
| Small Industries Development Bank | 1.36% | 0.93% |
| HDFC Bank Ltd. | 1.68% | 0.92% |
| Small Industries Development Bank | 0.92% | 1.54% |
| Shivshakti Securitisation Trust (Originator - Sikka Ports & Terminals Limited) | 0.89% | 1.78% |
| National Bank for Agri & Rural Dev. | 0.59% | 1.24% |
| 7.24% GOI MAT 180855 | 0.48% | 0.49% |
| National Bank for Agri & Rural Dev. | 0.42% | 4.65% |
| Small Industries Development Bank | 0.42% | 1.54% |
| Corporate Debt Market Development Fund | 0.36% | 0.39% |
| India Universal Trust AL2 (Originator - HDFC Bank Limited) | 0.85% | 0.35% |
| National Bank for Agri & Rural Dev. | 0.34% | 0.92% |
| 7.34% GOI MAT 220464 | 0.31% | 1.42% |
| HDFC Bank Ltd. | 1.18% | 0.31% |
| Power Finance Corporation Ltd. | 0.42% | 0.31% |
| REC Limited. | 0.26% | 0.32% |
| India Universal Trust AL2 (Originator - HDFC Bank Limited) | 0.30% | 0.21% |
| National Bank for Agri & Rural Dev. | 0.17% | 1.55% |
| Small Industries Development Bank | 0.17% | 1.83% |
| Power Finance Corporation Ltd. | 0.14% | 0.67% |
| REC Limited. | 0.10% | 0.64% |
| Power Finance Corporation Ltd. | 0.09% | 0.96% |
| Small Industries Development Bank | 0.08% | 1.11% |
| LIC Housing Finance Ltd. | 0.06% | 4.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 15.1% means 15.1% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in HDFC Corporate Bond Fund
| Security | % of fund |
|---|---|
| Bajaj Finance Ltd. | 3.55% |
| State Bank of India (Tier 2 - Basel III) | 2.54% |
| LIC Housing Finance Ltd. | 1.69% |
| Small Industries Development Bank | 1.69% |
| REC Limited. | 1.55% |
Largest holdings only in ICICI Prudential Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| Power Finance Corporation Ltd. | 3.08% |
| Government Securities | 2.81% |
| Rural Electrification Corporation Ltd. | 2.78% |
| Power Finance Corporation Ltd. | 2.46% |
| HDFC Bank Ltd.( Tier II Bond under Basel III ) | 2.24% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Corporate Bond | ICICI Prudential Banking and PSU Debt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 95.5% | 97.0% |
| Cash and others | 4.5% | 3.0% |
HDFC Corporate Bond vs ICICI Prudential Banking and PSU Debt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Corporate Bond Fund | ICICI Prudential Banking and PSU Debt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.38% | 0.40% |
| Base expense ratio (Direct) | 0.32% | 0.33% |
| Total expense ratio (Regular) | 0.63% | 0.74% |
| Base expense ratio (Regular) | 0.53% | 0.62% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare HDFC Corporate Bond with
Compare ICICI Prudential Banking and PSU Debt with
- ICICI Prudential Banking and PSU Debt vs UTI Banking & PSU Debt
- ICICI Prudential Banking and PSU Debt vs Franklin India Banking & PSU Debt
- ICICI Prudential Banking and PSU Debt vs LIC MF Banking & PSU Debt
- ICICI Prudential Banking and PSU Debt vs SBI Banking & PSU Debt
- ICICI Prudential Banking and PSU Debt vs Kotak Banking and PSU Debt
HDFC Corporate Bond Fund vs ICICI Prudential Banking and PSU Debt Fund: Frequently Asked Questions
What is the difference between HDFC Corporate Bond Fund and ICICI Prudential Banking and PSU Debt Fund?
HDFC Corporate Bond Fund is a Corporate Bond fund, ICICI Prudential Banking and PSU Debt Fund is a Banking & PSU fund, run by HDFC Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 15.1%. HDFC Corporate Bond Fund charges 0.38% a year and ICICI Prudential Banking and PSU Debt Fund 0.40%.
Which has given higher returns, HDFC Corporate Bond Fund or ICICI Prudential Banking and PSU Debt Fund?
Over 1 year: HDFC Corporate Bond Fund +2.83%, ICICI Prudential Banking and PSU Debt Fund +4.12%. Over 3 years: HDFC Corporate Bond Fund +6.60% a year, ICICI Prudential Banking and PSU Debt Fund +6.87% a year. Over 5 years: HDFC Corporate Bond Fund +6.02% a year, ICICI Prudential Banking and PSU Debt Fund +6.46% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Corporate Bond Fund or ICICI Prudential Banking and PSU Debt Fund?
HDFC Corporate Bond Fund charges less: 0.38% a year against 0.40%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Corporate Bond Fund and ICICI Prudential Banking and PSU Debt Fund overlap?
15.1%. They hold 26 of the same securities, the largest shared ones being 6.9% GOI MAT 150465, Siddhivinayak Securitisation Trust (Originator - Sikka Ports & Terminals Limited), Floating Rate GOI 2033. From each fund's latest monthly portfolio.
Which is better for SIP, HDFC Corporate Bond Fund or ICICI Prudential Banking and PSU Debt Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,12,822 in HDFC Corporate Bond Fund (XIRR 6.1% a year) and ₹7,21,323 in ICICI Prudential Banking and PSU Debt Fund (XIRR 6.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Corporate Bond Fund and ICICI Prudential Banking and PSU Debt Fund?
Yes. 15.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.