HDFC Floating Interest Rates Fund vs ICICI Prudential Corporate Bond Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Floating Interest Rates Fund is a Floater fund and ICICI Prudential Corporate Bond Fund is a Corporate Bond fund. In the 3 years to 30-10-2026, HDFC Floating Interest Rates Fund (Direct) returned 7.3% a year and ICICI Prudential Corporate Bond Fund (Direct) returned 7.0% a year. HDFC Floating Interest Rates Fund charges 0.27% a year and ICICI Prudential Corporate Bond Fund 0.37% (Direct plans). Their portfolios overlap 17.3%: they hold 26 of the same securities.
HDFC Floating Interest Rates Fund
Floater
- 3 year return
- 7.3%
- Expense ratio
- 0.27%
- NAV
- ₹54.90
ICICI Prudential Corporate Bond Fund
Corporate Bond
- 3 year return
- 7.0%
- Expense ratio
- 0.37%
- NAV
- ₹33.35
Which is better, HDFC Floating Interest Rates 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.
- HDFC Floating Interest Rates returned more over 5 years: 6.8% a year against 6.6%.
- HDFC Floating Interest Rates returned more over 3 years: 7.3% a year against 7.0%.
- HDFC Floating Interest Rates costs less: 0.27% a year against 0.37% (Direct plans).
- HDFC Floating Interest Rates swung less over 3 years: a standard deviation of 0.7% a year against 1.0%.
- HDFC Floating Interest Rates fell less in its worst fall since 03-01-2013: −1.3% against −2.0%.
- ICICI Prudential Corporate Bond is the larger fund: ₹28,385 Cr against ₹15,659 Cr.
- Their portfolios overlap 17.3%: 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 Floating Interest Rates Fund | ICICI Prudential Corporate Bond Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Floater | Corporate Bond |
| AUM | ₹15,659 Cr (30-09-2026) | ₹28,385 Cr (30-09-2026) |
| NAV | ₹54.90 (Direct) | ₹33.35 (Direct) |
| Expense ratio (Direct) | 0.27% | 0.37% |
| Expense ratio (Regular) | 0.50% | 0.60% |
| Riskometer | Moderate | Not available |
| Benchmark | CRISIL Short Duration Debt A-II Index | Not available |
| Launch date | 16-01-2003 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Anil Bamboli, Gopal Agrawal | Not available |
| Exit load | NIL | Not available |
HDFC Floating Interest Rates 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 Floating Interest Rates Fund (Direct) | 0.00% | +0.53% | +2.57% | +5.17% | +7.35% | +6.78% | +7.16% |
| ICICI Prudential Corporate Bond Fund (Direct) | −0.49% | −0.28% | +2.12% | +4.18% | +7.00% | +6.57% | +7.24% |
| Floater average | −0.01% | +0.56% | +2.76% | +5.43% | +7.47% | +6.73% | +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 12 Floater funds and the 21 Corporate Bond funds, same plan type.
HDFC Floating Interest Rates vs ICICI Prudential Corporate Bond: Year-wise Returns
| Year | HDFC Floating Interest RatesHDFC Floating Interest Rates | ICICI Prudential Corporate BondICICI Prudential Corporate Bond |
|---|---|---|
| 2026to date | +4.17% | +3.25% |
| 2025 | +8.13% | +8.19% |
| 2024 | +8.54% | +8.28% |
| 2023 | +7.87% | +7.83% |
| 2022 | +4.83% | +4.78% |
| 2021 | +4.36% | +4.44% |
HDFC Floating Interest Rates vs ICICI Prudential Corporate Bond: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,620 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 Floating Interest Rates 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 Floating Interest Rates | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.7% | 7.9% | 5.7% | 9.6% |
| 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 Floating Interest Rates 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 Floating Interest RatesHDFC Floating Interest Rates Fund (Direct) | ₹16,60,000 | ₹28,17,225 | ₹11,57,225 | 7.3% |
| ICICI Prudential Corporate BondICICI Prudential Corporate Bond Fund (Direct) | ₹16,60,000 | ₹28,36,806 | ₹11,76,806 | 7.4% |
HDFC Floating Interest RatesHDFC Floating Interest Rates 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 Floating Interest Rates 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 Floating Interest Rates Fund (Direct) | ICICI Prudential Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.17% | +4.18% |
| Standard deviation | 0.97% | 1.39% |
| Sharpe ratio | -0.07 | -0.77 |
| Sortino ratio | -0.10 | -1.03 |
| Maximum drawdown | −0.4% (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 Floating Interest Rates Fund (Direct) | ICICI Prudential Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.35% | +7.00% |
| Standard deviation | 0.72% | 1.01% |
| Sharpe ratio | 1.83 | 0.97 |
| Sortino ratio | 2.72 | 1.40 |
| Maximum drawdown | −0.4% (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 Floating Interest Rates Fund (Direct) | ICICI Prudential Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.78% | +6.57% |
| Standard deviation | 0.70% | 0.97% |
| Sharpe ratio | 1.39 | 0.79 |
| Sortino ratio | 1.97 | 1.09 |
| Maximum drawdown | −0.5% (06-05-2022) | −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 Floating Interest Rates Fund (Direct) | ICICI Prudential Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.72% | +7.94% |
| Standard deviation | 0.78% | 1.17% |
| Sharpe ratio | 2.15 | 1.61 |
| Sortino ratio | 3.46 | 2.51 |
| Maximum drawdown | −1.3% (24-03-2020) | −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 Floating Interest Rates 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 Floating Interest Rates Fund (Direct) | −1.3% | 06-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | −0.1% |
| 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 Floating Interest Rates 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 Floating Interest Rates 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 Floating Interest Rates Fund (Direct)
ICICI Prudential Corporate Bond Fund (Direct)
HDFC Floating Interest Rates vs ICICI Prudential Corporate Bond: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Floating Interest Rates Fund, September 2026; ICICI Prudential Corporate Bond Fund, September 2026
Holdings in common
- Overlap
- 17.3%
- Held by both
- 26
- Only in HDFC Floating Interest Rates
- 114
- Only in ICICI Prudential Corporate Bond
- 135
| Security | % of HDFC Floating Interest Rates | % of ICICI Prudential Corporate Bond |
|---|---|---|
| Shivshakti Securitisation Trust (Originator - Sikka Ports & Terminals Limited) | 4.24% | 3.03% |
| Siddhivinayak Securitisation Trust (Originator - Sikka Ports & Terminals Limited) | 2.44% | 3.20% |
| National Bank for Agri & Rural Dev. | 2.35% | 2.62% |
| Small Industries Development Bank | 1.57% | 2.58% |
| Small Industries Development Bank | 1.26% | 1.43% |
| National Bank for Agri & Rural Dev. | 2.23% | 1.02% |
| National Bank for Agri & Rural Dev. | 0.79% | 2.40% |
| Housing and Urban Development Corporation Ltd. | 0.63% | 1.04% |
| Citicorp Finance (India) Ltd. | 0.80% | 0.58% |
| Pipeline Infrastructure Pvt. Ltd. | 0.48% | 0.42% |
| REC Limited. | 0.32% | 1.49% |
| Small Industries Development Bank | 0.32% | 0.35% |
| Small Industries Development Bank | 0.32% | 0.39% |
| Small Industries Development Bank | 0.32% | 0.35% |
| Corporate Debt Market Development Fund | 0.32% | 0.35% |
| 6.94% GOI MAT 110536 | 0.31% | 5.51% |
| LIC Housing Finance Ltd. | 0.31% | 0.17% |
| REC Limited. | 0.16% | 1.05% |
| LIC Housing Finance Ltd. | 0.16% | 0.67% |
| LIC Housing Finance Ltd. | 0.16% | 0.27% |
| Jamnagar Utilities & Power Pvt. Limited | 0.16% | 0.70% |
| Pipeline Infrastructure Pvt. Ltd. | 0.77% | 0.16% |
| India Universal Trust AL1 (Originator - HDFC Bank Limited) | 0.12% | 0.35% |
| National Bank for Agri & Rural Dev. | 2.54% | 0.10% |
| Bajaj Housing Finance Ltd. | 0.73% | 0.09% |
| Grasim Industries Ltd. | 0.64% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 17.3% means 17.3% 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 Floating Interest Rates Fund
| Security | % of fund |
|---|---|
| 6.64% GOI MAT 071231 | 6.97% |
| Floating Rate GOI 2034 | 3.28% |
| Jubilant Beverages Limited | 3.12% |
| Aadhar Housing Finance Limited | 1.92% |
| Small Industries Development Bank | 1.76% |
Largest holdings only in ICICI Prudential Corporate Bond Fund
| Security | % of fund |
|---|---|
| LIC Housing Finance Ltd. | 5.11% |
| Government Securities | 2.40% |
| Government Securities | 1.72% |
| State Government of Madhya Pradesh | 1.67% |
| Axis Bank Ltd. | 1.66% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Floating Interest Rates | ICICI Prudential Corporate Bond |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 96.3% | 94.9% |
| Cash and others | 3.7% | 5.1% |
HDFC Floating Interest Rates vs ICICI Prudential Corporate Bond: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Floating Interest Rates Fund | ICICI Prudential Corporate Bond Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.27% | 0.37% |
| Base expense ratio (Direct) | 0.23% | 0.32% |
| Total expense ratio (Regular) | 0.50% | 0.60% |
| Base expense ratio (Regular) | 0.43% | 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 Floating Interest Rates with
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Compare ICICI Prudential Corporate Bond with
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- 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 Floating Interest Rates Fund vs ICICI Prudential Corporate Bond Fund: Frequently Asked Questions
What is the difference between HDFC Floating Interest Rates Fund and ICICI Prudential Corporate Bond Fund?
HDFC Floating Interest Rates Fund is a Floater fund, ICICI Prudential Corporate Bond Fund is a Corporate Bond fund, run by HDFC Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 17.3%. HDFC Floating Interest Rates Fund charges 0.27% a year and ICICI Prudential Corporate Bond Fund 0.37%.
Which has given higher returns, HDFC Floating Interest Rates Fund or ICICI Prudential Corporate Bond Fund?
Over 1 year: HDFC Floating Interest Rates Fund +5.17%, ICICI Prudential Corporate Bond Fund +4.18%. Over 3 years: HDFC Floating Interest Rates Fund +7.35% a year, ICICI Prudential Corporate Bond Fund +7.00% a year. Over 5 years: HDFC Floating Interest Rates Fund +6.78% 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 Floating Interest Rates Fund or ICICI Prudential Corporate Bond Fund?
HDFC Floating Interest Rates Fund charges less: 0.27% a year against 0.37%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Floating Interest Rates Fund and ICICI Prudential Corporate Bond Fund overlap?
17.3%. They hold 26 of the same securities, the largest shared ones being Shivshakti Securitisation Trust (Originator - Sikka Ports & Terminals Limited), Siddhivinayak Securitisation Trust (Originator - Sikka Ports & Terminals Limited), National Bank for Agri & Rural Dev.. From each fund's latest monthly portfolio.
Which is better for SIP, HDFC Floating Interest Rates 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 ₹7,30,459 in HDFC Floating Interest Rates Fund (XIRR 7.0% 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 Floating Interest Rates Fund and ICICI Prudential Corporate Bond Fund?
Yes. 17.3% 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.