HDFC Corporate Bond Fund vs ICICI Prudential Corporate Bond Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Corporate Bond Fund and ICICI Prudential Corporate Bond Fund are both Corporate Bond funds. In the 3 years to 30-10-2026, HDFC Corporate Bond Fund (Direct) returned 6.6% a year and ICICI Prudential Corporate Bond Fund (Direct) returned 7.0% a year. HDFC Corporate Bond Fund charges 0.38% a year and ICICI Prudential Corporate Bond Fund 0.37% (Direct plans). Their portfolios overlap 14.9%: they hold 35 of the same securities.
HDFC Corporate Bond Fund
Corporate Bond
- 3 year return
- 6.6%
- Expense ratio
- 0.38%
- NAV
- ₹34.93
ICICI Prudential Corporate Bond Fund
Corporate Bond
- 3 year return
- 7.0%
- Expense ratio
- 0.37%
- NAV
- ₹33.35
Which is better, HDFC Corporate Bond or ICICI Prudential Corporate Bond? 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 Corporate Bond returned more over 5 years: 6.6% a year against 6.0%.
- ICICI Prudential Corporate Bond returned more over 3 years: 7.0% a year against 6.6%.
- ICICI Prudential Corporate Bond costs less: 0.37% a year against 0.38% (Direct plans).
- ICICI Prudential Corporate Bond swung less over 3 years: a standard deviation of 1.0% a year against 1.3%.
- ICICI Prudential Corporate Bond fell less in its worst fall since 03-01-2013: −2.0% against −4.0%.
- HDFC Corporate Bond is the larger fund: ₹29,479 Cr against ₹28,385 Cr.
- Their portfolios overlap 14.9%: 35 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 Corporate Bond Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Corporate Bond | Corporate Bond |
| AUM | ₹29,479 Cr (30-09-2026) | ₹28,385 Cr (30-09-2026) |
| NAV | ₹34.93 (Direct) | ₹33.35 (Direct) |
| Expense ratio (Direct) | 0.38% | 0.37% |
| Expense ratio (Regular) | 0.63% | 0.60% |
| 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 Corporate Bond: 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 Corporate Bond Fund (Direct) | −0.49% | −0.28% | +2.12% | +4.18% | +7.00% | +6.57% | +7.24% |
| Corporate Bond average | −0.24% | +0.05% | +2.31% | +4.00% | +7.02% | +6.20% | +6.98% |
Category average: the average of the 21 Corporate Bond funds, same plan type.
HDFC Corporate Bond vs ICICI Prudential Corporate Bond: Year-wise Returns
| Year | HDFCHDFC Corporate Bond | ICICI PrudentialICICI Prudential Corporate Bond |
|---|---|---|
| 2026to date | +2.14% | +3.25% |
| 2025 | +7.60% | +8.19% |
| 2024 | +8.82% | +8.28% |
| 2023 | +7.49% | +7.83% |
| 2022 | +3.56% | +4.78% |
| 2021 | +4.22% | +4.44% |
HDFC Corporate Bond vs ICICI Prudential Corporate Bond: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,619 of them, one for each trading day from 04-01-2016 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 Corporate Bond Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 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 | 94.3 | 5.7 | 0.0 | 0.0 | 0.0 | 8.0% | 8.1% | 5.0% | 11.2% |
| ICICI Prudential Corporate Bond | 0.0 | 0.0 | 96.0 | 4.0 | 0.0 | 0.0 | 0.0 | 8.0% | 8.0% | 5.5% | 10.5% |
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 03-01-2013. Past returns do not promise future returns.
HDFC Corporate Bond vs ICICI Prudential Corporate Bond: 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 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Corporate BondHDFC Corporate Bond Fund (Direct) | ₹16,60,000 | ₹27,92,888 | ₹11,32,888 | 7.2% |
| ICICI Prudential Corporate BondICICI Prudential Corporate Bond Fund (Direct) | ₹16,60,000 | ₹28,36,806 | ₹11,76,806 | 7.4% |
HDFC Corporate BondHDFC Corporate Bond Fund (Direct)
ICICI Prudential Corporate BondICICI Prudential Corporate Bond 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 Corporate Bond: 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 Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.83% | +4.18% |
| Standard deviation | 1.73% | 1.39% |
| Sharpe ratio | -1.40 | -0.77 |
| Sortino ratio | -1.83 | -1.03 |
| Maximum drawdown | −1.5% (23-10-2026) | −1.0% (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 Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.60% | +7.00% |
| Standard deviation | 1.28% | 1.01% |
| Sharpe ratio | 0.45 | 0.97 |
| Sortino ratio | 0.62 | 1.40 |
| Maximum drawdown | −1.5% (23-10-2026) | −1.0% (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 Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.02% | +6.57% |
| Standard deviation | 1.25% | 0.97% |
| Sharpe ratio | 0.18 | 0.79 |
| Sortino ratio | 0.23 | 1.09 |
| Maximum drawdown | −1.5% (07-06-2022) | −1.0% (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 Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.75% | +7.94% |
| Standard deviation | 1.74% | 1.17% |
| Sharpe ratio | 0.97 | 1.61 |
| Sortino ratio | 1.39 | 2.51 |
| Maximum drawdown | −4.0% (19-08-2013) | −2.0% (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 Corporate Bond 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 Corporate Bond Fund (Direct) | −2.0% | 09-03-2020 | 23-03-2020 | 17-04-2020 | 25 days | −0.8% |
From daily values since 03-01-2013, 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 Corporate Bond 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 Corporate Bond 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 Corporate Bond Fund (Direct)
HDFC Corporate Bond vs ICICI Prudential Corporate Bond: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Corporate Bond Fund, September 2026; ICICI Prudential Corporate Bond Fund, September 2026
Holdings in common
- Overlap
- 14.9%
- Held by both
- 35
- Only in HDFC Corporate Bond
- 199
- Only in ICICI Prudential Corporate Bond
- 126
| Security | % of HDFC Corporate Bond | % of ICICI Prudential Corporate Bond |
|---|---|---|
| 6.9% GOI MAT 150465 | 3.90% | 2.40% |
| Siddhivinayak Securitisation Trust (Originator - Sikka Ports & Terminals Limited) | 1.38% | 3.20% |
| Floating Rate GOI 2033 | 1.50% | 1.04% |
| Pipeline Infrastructure Pvt. Ltd. | 1.33% | 0.99% |
| Small Industries Development Bank | 1.69% | 0.93% |
| Small Industries Development Bank | 0.92% | 1.43% |
| Shivshakti Securitisation Trust (Originator - Sikka Ports & Terminals Limited) | 0.89% | 3.03% |
| LIC Housing Finance Ltd. | 0.76% | 0.65% |
| National Bank for Agri & Rural Dev. | 0.59% | 1.02% |
| National Bank for Agri & Rural Dev. | 0.42% | 2.62% |
| Small Industries Development Bank | 1.36% | 0.35% |
| National Bank for Agri & Rural Dev. | 1.10% | 0.35% |
| Corporate Debt Market Development Fund | 0.36% | 0.35% |
| Small Industries Development Bank | 0.67% | 0.35% |
| HDFC Bank Ltd. (Tier 2 - Basel III) | 0.34% | 0.35% |
| National Bank for Agri & Rural Dev. | 0.34% | 0.61% |
| 7.34% GOI MAT 220464 | 0.31% | 1.72% |
| Pipeline Infrastructure Pvt. Ltd. | 0.31% | 0.42% |
| Small Industries Development Bank | 0.25% | 1.05% |
| Small Industries Development Bank | 0.42% | 0.17% |
| 7.63% Andhra Pradesh SDL ISD 030925 MAT 030937 | 0.17% | 0.19% |
| National Bank for Agri & Rural Dev. | 0.17% | 2.40% |
| National Bank for Agri & Rural Dev. | 0.17% | 0.47% |
| Small Industries Development Bank | 0.17% | 2.58% |
| Pipeline Infrastructure Pvt. Ltd. | 0.70% | 0.16% |
| Nomura Capital India Pvt. Ltd. | 0.19% | 0.11% |
| National Bank for Agri & Rural Dev. | 0.25% | 0.10% |
| LIC Housing Finance Ltd. | 0.09% | 0.47% |
| Nomura Fixed Income Securities Pvt. | 0.17% | 0.09% |
| SMFG India Home Finance Company Ltd | 0.08% | 0.26% |
| Small Industries Development Bank | 0.08% | 0.67% |
| Jamnagar Utilities & Power Pvt. Limited | 0.08% | 0.70% |
| LIC Housing Finance Ltd. | 0.06% | 5.11% |
| Small Industries Development Bank | 0.08% | 0.05% |
| 7.24% GOI MAT 180855 | 0.48% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.9% means 14.9% 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% |
| HDFC Bank Ltd. | 1.68% |
| REC Limited. | 1.55% |
Largest holdings only in ICICI Prudential Corporate Bond Fund
| Security | % of fund |
|---|---|
| Government Securities | 5.51% |
| State Government of Madhya Pradesh | 1.67% |
| Axis Bank Ltd. | 1.66% |
| Jamnagar Utilities & Power Pvt. Ltd. | 1.60% |
| India Universal Trust AL1 | 1.58% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Corporate Bond | ICICI Prudential Corporate Bond |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 95.5% | 94.9% |
| Cash and others | 4.5% | 5.1% |
HDFC Corporate Bond vs ICICI Prudential Corporate Bond: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Corporate Bond Fund | ICICI Prudential Corporate Bond Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.38% | 0.37% |
| Base expense ratio (Direct) | 0.32% | 0.32% |
| Total expense ratio (Regular) | 0.63% | 0.60% |
| Base expense ratio (Regular) | 0.53% | 0.51% |
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 Corporate Bond with
- ICICI Prudential Corporate Bond vs Franklin India Corporate Bond
- ICICI Prudential Corporate Bond vs Baroda BNP Paribas Corporate Bond
- ICICI Prudential Corporate Bond vs AXIS Corporate Bond
- ICICI Prudential Corporate Bond vs DSP Corporate Bond
- ICICI Prudential Corporate Bond vs Nippon India Corporate Bond
HDFC Corporate Bond Fund vs ICICI Prudential Corporate Bond Fund: Frequently Asked Questions
What is the difference between HDFC Corporate Bond Fund and ICICI Prudential Corporate Bond Fund?
Both are Corporate Bond funds, run by HDFC Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 14.9%. HDFC Corporate Bond Fund charges 0.38% a year and ICICI Prudential Corporate Bond Fund 0.37%.
Which has given higher returns, HDFC Corporate Bond Fund or ICICI Prudential Corporate Bond Fund?
Over 1 year: HDFC Corporate Bond Fund +2.83%, ICICI Prudential Corporate Bond Fund +4.18%. Over 3 years: HDFC Corporate Bond Fund +6.60% a year, ICICI Prudential Corporate Bond Fund +7.00% a year. Over 5 years: HDFC Corporate Bond Fund +6.02% a year, ICICI Prudential Corporate Bond Fund +6.57% 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 Corporate Bond Fund?
ICICI Prudential Corporate Bond Fund charges less: 0.37% a year against 0.38%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Corporate Bond Fund and ICICI Prudential Corporate Bond Fund overlap?
14.9%. They hold 35 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 Corporate Bond 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 ₹7,23,643 in ICICI Prudential Corporate Bond Fund (XIRR 6.7% 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 Corporate Bond Fund?
Yes. 14.9% 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.