HSBC Corporate Bond Fund vs ICICI Prudential Corporate Bond Fund
Direct Plan, Growth option · Data as on 30-10-2026
HSBC Corporate Bond Fund and ICICI Prudential Corporate Bond Fund are both Corporate Bond funds. In the 3 years to 30-10-2026, HSBC Corporate Bond Fund (Direct) returned 7.2% a year and ICICI Prudential Corporate Bond Fund (Direct) returned 7.0% a year. HSBC Corporate Bond Fund charges 0.33% a year and ICICI Prudential Corporate Bond Fund 0.37% (Direct plans). Their portfolios overlap 9.2%: they hold 21 of the same securities.
HSBC Corporate Bond Fund
Corporate Bond
- 3 year return
- 7.2%
- Expense ratio
- 0.33%
- NAV
- ₹83.06
ICICI Prudential Corporate Bond Fund
Corporate Bond
- 3 year return
- 7.0%
- Expense ratio
- 0.37%
- NAV
- ₹33.35
Which is better, HSBC 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.
- HSBC Corporate Bond returned more over 3 years: 7.2% a year against 7.0%.
- ICICI Prudential Corporate Bond returned more over 1 year: 4.2% against 4.0%.
- HSBC Corporate Bond costs less: 0.33% a year against 0.37% (Direct plans).
- ICICI Prudential Corporate Bond swung less over 3 years: a standard deviation of 1.0% a year against 1.1%.
- HSBC Corporate Bond fell less in its worst fall since 28-11-2022: −0.7% against −1.0%.
- ICICI Prudential Corporate Bond is the larger fund: ₹28,385 Cr against ₹5,979 Cr.
- Their portfolios overlap 9.2%: 21 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 | HSBC Corporate Bond Fund | ICICI Prudential Corporate Bond Fund |
|---|---|---|
| Fund house | HSBC Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Corporate Bond | Corporate Bond |
| AUM | ₹5,979 Cr (30-09-2026) | ₹28,385 Cr (30-09-2026) |
| NAV | ₹83.06 (Direct) | ₹33.35 (Direct) |
| Expense ratio (Direct) | 0.33% | 0.37% |
| Expense ratio (Regular) | 0.60% | 0.60% |
| Riskometer | Low to Moderate | Not available |
| Benchmark | NIFTY Corporate Bond Index A-II | Not available |
| Launch date | 31-03-1997 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Mohd. Asif Rizwi, Shriram Ramanathan | Not available |
| Exit load | Nil | Not available |
HSBC 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 |
|---|---|---|---|---|---|---|---|
| HSBC Corporate Bond Fund (Direct) | −0.25% | +0.22% | +2.40% | +4.02% | +7.18% | -- | -- |
| 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.
HSBC Corporate Bond vs ICICI Prudential Corporate Bond: Year-wise Returns
| Year | HSBCHSBC Corporate Bond | ICICI PrudentialICICI Prudential Corporate Bond |
|---|---|---|
| 2026to date | +3.29% | +3.25% |
| 2025 | +8.33% | +8.19% |
| 2024 | +8.44% | +8.28% |
| 2023 | +6.81% | +7.83% |
| 2022 | -- | +4.78% |
| 2021 | -- | +4.44% |
HSBC Corporate Bond vs ICICI Prudential Corporate Bond: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 222 of them, one for each trading day from 28-11-2025 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.
HSBC Corporate Bond Fund (Direct)
ICICI Prudential Corporate Bond Fund (Direct)
to
Dec 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HSBC Corporate Bond | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.5% | 6.8% | 8.0% |
| ICICI Prudential Corporate Bond | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.7% | 7.7% | 7.0% | 8.2% |
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 28-11-2022. Past returns do not promise future returns.
HSBC 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 28-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HSBC Corporate BondHSBC Corporate Bond Fund (Direct) | ₹4,80,000 | ₹5,47,103 | ₹67,103 | 6.5% |
| ICICI Prudential Corporate BondICICI Prudential Corporate Bond Fund (Direct) | ₹4,80,000 | ₹5,47,256 | ₹67,256 | 6.5% |
HSBC Corporate BondHSBC 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.
HSBC 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 | HSBC Corporate Bond Fund (Direct) | ICICI Prudential Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.02% | +4.18% |
| Standard deviation | 1.27% | 1.39% |
| Sharpe ratio | -0.96 | -0.77 |
| Sortino ratio | -1.35 | -1.03 |
| Maximum drawdown | −0.7% (21-05-2026) | −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 | HSBC Corporate Bond Fund (Direct) | ICICI Prudential Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.18% | +7.00% |
| Standard deviation | 1.11% | 1.01% |
| Sharpe ratio | 1.04 | 0.97 |
| Sortino ratio | 1.56 | 1.40 |
| Maximum drawdown | −0.7% (21-05-2026) | −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 | HSBC Corporate Bond Fund (Direct) | ICICI Prudential Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.95% | +7.94% |
| Standard deviation | 1.12% | 1.17% |
| Sharpe ratio | 0.69 | 1.61 |
| Sortino ratio | 1.02 | 2.51 |
| Maximum drawdown | −0.7% (21-05-2026) | −2.0% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 28-11-2022 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.
HSBC 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 |
|---|---|---|---|---|---|---|
| HSBC Corporate Bond Fund (Direct) | −0.7% | 07-05-2026 | 21-05-2026 | 05-06-2026 | 15 days | −0.5% |
| ICICI Prudential Corporate Bond Fund (Direct) | −1.0% | 14-08-2026 | 23-10-2026 | Not yet | -- | −0.8% |
From daily values since 28-11-2022, 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.
HSBC 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.
HSBC Corporate Bond Fund (Direct)
ICICI Prudential Corporate Bond Fund (Direct)
HSBC Corporate Bond vs ICICI Prudential Corporate Bond: Portfolio Overlap
From each fund's latest monthly portfolio: HSBC Corporate Bond Fund, September 2026; ICICI Prudential Corporate Bond Fund, September 2026
Holdings in common
- Overlap
- 9.2%
- Held by both
- 21
- Only in HSBC Corporate Bond
- 61
- Only in ICICI Prudential Corporate Bond
- 140
| Security | % of HSBC Corporate Bond | % of ICICI Prudential Corporate Bond |
|---|---|---|
| NABARD | 2.94% | 2.62% |
| REC Limited | 0.85% | 1.49% |
| NABARD | 0.78% | 2.40% |
| LIC Housing Finance Limited | 1.85% | 0.67% |
| SIDBI | 2.67% | 0.67% |
| NABARD | 0.84% | 0.61% |
| NABARD | 0.44% | 1.02% |
| Power Finance Corporation Limited | 2.61% | 0.44% |
| SIDBI | 2.50% | 0.35% |
| Corp Debt Mkt Devlop Fund (SBI AIF Fund) | 0.36% | 0.35% |
| Bharti Telecom Limited | 0.89% | 0.31% |
| Embassy Office Parks REIT | 1.66% | 0.26% |
| Embassy Office Parks REIT | 0.83% | 0.17% |
| NABARD | 0.26% | 0.17% |
| Embassy Office Parks REIT | 0.42% | 0.11% |
| NABARD | 2.00% | 0.10% |
| REC Limited | 1.39% | 0.09% |
| REC Limited | 0.60% | 0.09% |
| Jio Credit Limited | 2.14% | 0.09% |
| Larsen & Toubro Limited | 0.43% | 0.04% |
| LIC Housing Finance Limited | 1.25% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 9.2% means 9.2% 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 HSBC Corporate Bond Fund
| Security | % of fund |
|---|---|
| Indian Oil Corporation Limited | 5.30% |
| Power Grid Corporation of India Limited | 4.65% |
| NTPC Limited | 2.88% |
| 6.01% GOI 21Jul2030 | 2.80% |
| NTPC Limited | 2.80% |
Largest holdings only in ICICI Prudential Corporate Bond Fund
| Security | % of fund |
|---|---|
| Government Securities | 5.51% |
| LIC Housing Finance Ltd. | 5.11% |
| Siddhivinayak Securitisation Trust | 3.20% |
| Shivshakti Securitisation Trust | 3.03% |
| Small Industries Development Bank Of India. | 2.58% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HSBC Corporate Bond | ICICI Prudential Corporate Bond |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 98.9% | 94.9% |
| Cash and others | 1.1% | 5.1% |
HSBC Corporate Bond vs ICICI Prudential Corporate Bond: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HSBC Corporate Bond Fund | ICICI Prudential Corporate Bond Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.33% | 0.37% |
| Base expense ratio (Direct) | 0.28% | 0.32% |
| Total expense ratio (Regular) | 0.60% | 0.60% |
| Base expense ratio (Regular) | 0.51% | 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 HSBC 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
HSBC Corporate Bond Fund vs ICICI Prudential Corporate Bond Fund: Frequently Asked Questions
What is the difference between HSBC Corporate Bond Fund and ICICI Prudential Corporate Bond Fund?
Both are Corporate Bond funds, run by HSBC Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 9.2%. HSBC Corporate Bond Fund charges 0.33% a year and ICICI Prudential Corporate Bond Fund 0.37%.
Which has given higher returns, HSBC Corporate Bond Fund or ICICI Prudential Corporate Bond Fund?
Over 1 year: HSBC Corporate Bond Fund +4.02%, ICICI Prudential Corporate Bond Fund +4.18%. Over 3 years: HSBC Corporate Bond Fund +7.18% a year, ICICI Prudential Corporate Bond Fund +7.00% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HSBC Corporate Bond Fund or ICICI Prudential Corporate Bond Fund?
HSBC Corporate Bond Fund charges less: 0.33% a year against 0.37%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HSBC Corporate Bond Fund and ICICI Prudential Corporate Bond Fund overlap?
9.2%. They hold 21 of the same securities, the largest shared ones being NABARD, REC Limited, NABARD. From each fund's latest monthly portfolio.
Which is better for SIP, HSBC Corporate Bond Fund or ICICI Prudential Corporate Bond Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,07,233 in HSBC Corporate Bond Fund (XIRR 6.2% a year) and ₹4,06,631 in ICICI Prudential Corporate Bond Fund (XIRR 6.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HSBC Corporate Bond Fund and ICICI Prudential Corporate Bond Fund?
Yes. 9.2% of each fund's money sits in the same holdings, so the two hold mostly different investments.
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.