HDFC Corporate Bond Fund vs Nippon India Corporate Bond Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Corporate Bond Fund and Nippon India 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 Nippon India Corporate Bond Fund (Direct) returned 7.3% a year. HDFC Corporate Bond Fund charges 0.38% a year and Nippon India Corporate Bond Fund 0.37% (Direct plans). Their portfolios overlap 9.8%: they hold 24 of the same securities.
HDFC Corporate Bond Fund
Corporate Bond
- 3 year return
- 6.6%
- Expense ratio
- 0.38%
- NAV
- ₹34.93
Nippon India Corporate Bond Fund
Corporate Bond
- 3 year return
- 7.3%
- Expense ratio
- 0.37%
- NAV
- ₹67.03
Which is better, HDFC Corporate Bond or Nippon India 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.
- Nippon India Corporate Bond returned more over 5 years: 6.7% a year against 6.0%.
- Nippon India Corporate Bond returned more over 3 years: 7.3% a year against 6.6%.
- Nippon India Corporate Bond costs less: 0.37% a year against 0.38% (Direct plans).
- Nippon India Corporate Bond swung less over 3 years: a standard deviation of 1.1% a year against 1.3%.
- Nippon India Corporate Bond fell less in its worst fall since 02-01-2013: −1.7% against −4.0%.
- HDFC Corporate Bond is the larger fund: ₹29,479 Cr against ₹8,907 Cr.
- Their portfolios overlap 9.8%: 24 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 | Nippon India Corporate Bond Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Nippon India Mutual Fund |
| Category | Corporate Bond | Corporate Bond |
| AUM | ₹29,479 Cr (30-09-2026) | ₹8,907 Cr (30-09-2026) |
| NAV | ₹34.93 (Direct) | ₹67.03 (Direct) |
| Expense ratio (Direct) | 0.38% | 0.37% |
| Expense ratio (Regular) | 0.63% | 0.75% |
| Riskometer | Moderate | Moderate |
| Benchmark | NIFTY Corporate Bond Index A-II | NIFTY Corporate Bond Index A-II |
| Launch date | 29-06-2010 | 14-09-2000 |
| Minimum investment | ₹100 | 5000, 1000 |
| Lock in | None | None |
| Fund managers | Anupam Joshi, Gopal Agrawal | Vivek Sharma |
| Exit load | NIL | Nil |
HDFC Corporate Bond vs Nippon India 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% |
| Nippon India Corporate Bond Fund (Direct) | −0.29% | −0.02% | +2.36% | +4.02% | +7.28% | +6.65% | +7.16% |
| 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 Nippon India Corporate Bond: Year-wise Returns
| Year | HDFCHDFC Corporate Bond | Nippon IndiaNippon India Corporate Bond |
|---|---|---|
| 2026to date | +2.14% | +3.32% |
| 2025 | +7.60% | +8.18% |
| 2024 | +8.82% | +8.83% |
| 2023 | +7.49% | +7.51% |
| 2022 | +3.56% | +4.70% |
| 2021 | +4.22% | +5.13% |
HDFC Corporate Bond vs Nippon India 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)
Nippon India 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% |
| Nippon India Corporate Bond | 0.0 | 0.0 | 99.9 | 0.1 | 0.0 | 0.0 | 0.0 | 7.8% | 8.0% | 5.6% | 10.0% |
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 02-01-2013. Past returns do not promise future returns.
HDFC Corporate Bond vs Nippon India 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% |
| Nippon India Corporate BondNippon India Corporate Bond Fund (Direct) | ₹16,60,000 | ₹28,15,281 | ₹11,55,281 | 7.3% |
HDFC Corporate BondHDFC Corporate Bond Fund (Direct)
Nippon India Corporate BondNippon India 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 Nippon India 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) | Nippon India Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.83% | +4.02% |
| Standard deviation | 1.73% | 1.36% |
| Sharpe ratio | -1.40 | -0.91 |
| Sortino ratio | -1.83 | -1.24 |
| Maximum drawdown | −1.5% (23-10-2026) | −0.7% (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) | Nippon India Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.60% | +7.28% |
| Standard deviation | 1.28% | 1.14% |
| Sharpe ratio | 0.45 | 1.10 |
| Sortino ratio | 0.62 | 1.64 |
| Maximum drawdown | −1.5% (23-10-2026) | −0.7% (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) | Nippon India Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.02% | +6.65% |
| Standard deviation | 1.25% | 1.05% |
| Sharpe ratio | 0.18 | 0.81 |
| Sortino ratio | 0.23 | 1.14 |
| Maximum drawdown | −1.5% (07-06-2022) | −0.9% (06-05-2022) |
| 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) | Nippon India Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.75% | +7.75% |
| Standard deviation | 1.74% | 1.09% |
| Sharpe ratio | 0.97 | 1.57 |
| Sortino ratio | 1.39 | 2.27 |
| Maximum drawdown | −4.0% (19-08-2013) | −1.7% (24-03-2020) |
| 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)
Nippon India 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% |
| Nippon India Corporate Bond Fund (Direct) | −1.7% | 05-03-2020 | 24-03-2020 | 30-03-2020 | 6 days | −0.5% |
From daily values since 02-01-2013, 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)
Nippon India 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)
Nippon India 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)
Nippon India Corporate Bond Fund (Direct)
HDFC Corporate Bond vs Nippon India Corporate Bond: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Corporate Bond Fund, September 2026; Nippon India Corporate Bond Fund, September 2026
Holdings in common
- Overlap
- 9.8%
- Held by both
- 24
- Only in HDFC Corporate Bond
- 210
- Only in Nippon India Corporate Bond
- 92
| Security | % of HDFC Corporate Bond | % of Nippon India Corporate Bond |
|---|---|---|
| Small Industries Development Bank | 1.18% | 1.11% |
| Siddhivinayak Securitisation Trust (Originator - Sikka Ports & Terminals Limited) | 1.38% | 1.07% |
| Small Industries Development Bank | 0.92% | 1.44% |
| Shivshakti Securitisation Trust (Originator - Sikka Ports & Terminals Limited) | 0.89% | 2.14% |
| Indian Railways Finance Corp. Ltd. | 0.81% | 2.46% |
| Small Industries Development Bank | 1.36% | 0.56% |
| REC Limited. | 0.45% | 0.51% |
| Power Finance Corporation Ltd. | 0.42% | 1.11% |
| National Bank for Agri & Rural Dev. | 0.42% | 1.45% |
| REC Limited. | 1.55% | 0.34% |
| REC Limited. | 0.34% | 0.57% |
| Jio Credit Ltd | 0.34% | 0.56% |
| Corporate Debt Market Development Fund | 0.36% | 0.33% |
| Power Finance Corporation Ltd. | 0.33% | 1.08% |
| REC Limited. | 0.48% | 0.29% |
| National Bank for Agri & Rural Dev. | 0.25% | 5.02% |
| Indian Railways Finance Corp. Ltd. | 0.29% | 0.23% |
| Export - Import Bank of India | 0.17% | 0.78% |
| Power Finance Corporation Ltd. | 0.14% | 0.34% |
| REC Limited. | 0.10% | 0.23% |
| Indian Railways Finance Corp. Ltd. | 0.45% | 0.08% |
| Power Finance Corporation Ltd. | 0.08% | 0.34% |
| Tata Capital Ltd. | 0.08% | 0.22% |
| National Bank for Agri & Rural Dev. | 0.59% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 9.8% means 9.8% 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 |
|---|---|
| 6.9% GOI MAT 150465 | 3.90% |
| 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% |
Largest holdings only in Nippon India Corporate Bond Fund
| Security | % of fund |
|---|---|
| 7.79% Bajaj Finance Limited | 2.16% |
| 6.6% REC Limited | 1.95% |
| 7.49% Small Industries Dev Bank of India | 1.95% |
| 7.54% Knowledge Realty Trust | 1.78% |
| Small Industries Dev Bank of India | 1.69% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Corporate Bond | Nippon India Corporate Bond |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 95.5% | 89.4% |
| Cash and others | 4.5% | 10.6% |
HDFC Corporate Bond vs Nippon India Corporate Bond: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Corporate Bond Fund | Nippon India Corporate Bond Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.38% | 0.37% |
| Base expense ratio (Direct) | 0.32% | 0.31% |
| Total expense ratio (Regular) | 0.63% | 0.75% |
| Base expense ratio (Regular) | 0.53% | 0.63% |
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
HDFC Corporate Bond Fund vs Nippon India Corporate Bond Fund: Frequently Asked Questions
What is the difference between HDFC Corporate Bond Fund and Nippon India Corporate Bond Fund?
Both are Corporate Bond funds, run by HDFC Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 9.8%. HDFC Corporate Bond Fund charges 0.38% a year and Nippon India Corporate Bond Fund 0.37%.
Which has given higher returns, HDFC Corporate Bond Fund or Nippon India Corporate Bond Fund?
Over 1 year: HDFC Corporate Bond Fund +2.83%, Nippon India Corporate Bond Fund +4.02%. Over 3 years: HDFC Corporate Bond Fund +6.60% a year, Nippon India Corporate Bond Fund +7.28% a year. Over 5 years: HDFC Corporate Bond Fund +6.02% a year, Nippon India Corporate Bond Fund +6.65% 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 Nippon India Corporate Bond Fund?
Nippon India 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 Nippon India Corporate Bond Fund overlap?
9.8%. They hold 24 of the same securities, the largest shared ones being Small Industries Development Bank, Siddhivinayak Securitisation Trust (Originator - Sikka Ports & Terminals Limited), Small Industries Development Bank. From each fund's latest monthly portfolio.
Which is riskier, HDFC Corporate Bond Fund or Nippon India Corporate Bond Fund?
On SEBI's riskometer, HDFC Corporate Bond Fund is rated Moderate and Nippon India Corporate Bond Fund Moderate. Over 3 years, the standard deviation of daily returns was 1.28% and 1.14% a year.
Which is better for SIP, HDFC Corporate Bond Fund or Nippon India 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 ₹7,24,850 in Nippon India 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 Nippon India Corporate Bond Fund?
Yes. 9.8% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages HDFC Corporate Bond Fund and Nippon India Corporate Bond Fund?
HDFC Corporate Bond Fund: Anupam Joshi, Gopal Agrawal. Nippon India Corporate Bond Fund: Vivek Sharma.
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.