# Corporate Bond funds

At least 80% in the highest-rated corporate bonds.

Full page: https://discovermf.com/categories/corporate-bond
Figures as of 4 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

21 funds managing ₹1.68 lakh cr. Category averages: +3.8% over one year, +6.7% a year over three years; typical expense ratio 0.68%.

## All funds, by three-year return

| Fund | 1 year | 3 years (a year) | 5 years (a year) | Volatility | Expense ratio | Fund size |
| --- | --- | --- | --- | --- | --- | --- |
| [Baroda BNP Paribas Corporate Bond Fund](https://discovermf.com/funds/baroda-bnp-paribas-corporate-bond-fund-150235.md) | +4.7% | +7.4% | — | 1.3% | 0.50% | ₹263 cr |
| [Franklin India Corporate Bond Fund](https://discovermf.com/funds/franklin-india-corporate-bond-fund-100528.md) | +4.8% | +7.3% | +6.2% | 1.0% | 0.77% | ₹1,403 cr |
| [DSP Corporate Bond Fund](https://discovermf.com/funds/dsp-corporate-bond-fund-144644.md) | +5.5% | +7.1% | +5.8% | 0.6% | 0.50% | ₹2,628 cr |
| [Nippon India Corporate Bond Fund](https://discovermf.com/funds/nippon-india-corporate-bond-fund-100856.md) | +3.8% | +7.0% | +6.3% | 1.4% | 0.75% | ₹8,755 cr |
| [ICICI Prudential Corporate Bond Fund](https://discovermf.com/funds/icici-prudential-corporate-bond-fund-111987.md) | +4.5% | +6.9% | +6.4% | 1.4% | 0.60% | ₹27,597 cr |
| [Axis Corporate Bond Fund](https://discovermf.com/funds/axis-corporate-bond-fund-141593.md) | +3.9% | +6.9% | +6.1% | 1.4% | 0.96% | ₹7,320 cr |
| [HSBC Corporate Bond Fund](https://discovermf.com/funds/hsbc-corporate-bond-fund-150992.md) | +3.9% | +6.9% | — | 1.3% | 0.60% | ₹5,783 cr |
| [Kotak Corporate Bond Fund](https://discovermf.com/funds/kotak-corporate-bond-fund-133782.md) | +3.8% | +6.9% | +6.0% | 1.4% | 0.69% | ₹14,851 cr |
| [UTI Corporate Bond Fund](https://discovermf.com/funds/uti-corporate-bond-fund-144345.md) | +4.0% | +6.8% | +6.0% | 1.3% | 0.60% | ₹4,490 cr |
| [Bandhan Corporate Bond Fund](https://discovermf.com/funds/bandhan-corporate-bond-fund-135914.md) | +4.6% | +6.7% | +5.8% | 1.2% | 0.68% | ₹13,446 cr |
| [Aditya Birla Sun Life Corporate Bond Fund](https://discovermf.com/funds/aditya-birla-sun-life-corporate-bond-fund-103178.md) | +3.4% | +6.7% | +6.1% | 1.8% | 0.52% | ₹24,124 cr |
| [Sundaram Corporate Bond Fund](https://discovermf.com/funds/sundaram-corporate-bond-fund-100789.md) | +3.6% | +6.6% | +5.8% | 1.3% | 0.56% | ₹614 cr |
| [SBI Corporate Bond Fund](https://discovermf.com/funds/sbi-corporate-bond-fund-146207.md) | +3.6% | +6.6% | +5.8% | 1.3% | 0.76% | ₹21,497 cr |
| [Mirae Asset Corporate Bond Fund](https://discovermf.com/funds/mirae-asset-corporate-bond-fund-148757.md) | +3.9% | +6.6% | +5.6% | 1.4% | 0.68% | ₹43.6 cr |
| [Invesco India Corporate Bond Fund](https://discovermf.com/funds/invesco-india-corporate-bond-fund-106177.md) | +3.2% | +6.6% | +5.7% | 1.6% | 0.69% | ₹3,429 cr |
| [Tata Corporate Bond Fund](https://discovermf.com/funds/tata-corporate-bond-fund-149351.md) | +3.5% | +6.5% | — | 1.4% | 0.82% | ₹2,631 cr |
| [HDFC Corporate Bond Fund](https://discovermf.com/funds/hdfc-corporate-bond-fund-113070.md) | +3.0% | +6.5% | +5.9% | 1.8% | 0.63% | ₹28,986 cr |
| [Union Corporate Bond Fund](https://discovermf.com/funds/union-corporate-bond-fund-143239.md) | +2.9% | +6.4% | +5.4% | 1.6% | 0.71% | ₹276 cr |
| [TrustMF Corporate Bond Fund](https://discovermf.com/funds/trustmf-corporate-bond-fund-151322.md) | +3.4% | +6.3% | — | 1.3% | 0.64% | ₹101 cr |
| [PGIM India Corporate Bond Fund](https://discovermf.com/funds/pgim-india-corporate-bond-fund-138318.md) | +3.0% | +6.2% | +5.5% | 1.5% | 0.95% | ₹73.5 cr |
| [Canara Robeco Corporate Bond Fund](https://discovermf.com/funds/canara-robeco-corporate-bond-fund-126687.md) | +3.3% | +5.9% | +5.2% | 1.1% | 0.99% | ₹103 cr |

## Questions

### How many Corporate Bond funds are there?

21 funds, managing ₹1.68 lakh cr between them as of 4 Nov 2026. The largest is HDFC Corporate Bond Fund, at ₹28,986 cr.

### What return have Corporate Bond funds given?

The average Corporate Bond fund returned +3.8% over the last year, +6.7% a year over three years, +5.9% a year over five years. Over the last year the funds ranged from +2.9% to +5.5%. Past returns do not tell you future returns.

### Which Corporate Bond fund has the lowest expense ratio?

Baroda BNP Paribas Corporate Bond Fund, at 0.50% a year, against 0.68% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.

### Which Corporate Bond fund has the highest three-year return?

Baroda BNP Paribas Corporate Bond Fund, at +7.4% a year over the last three years, against +6.7% for the average fund. Past returns do not tell you future returns.

### How risky are Corporate Bond funds?

Their volatility over the last year averaged 1.4%: the higher it is, the more the price swings from day to day. 17 of 21 carry the riskometer level Moderate, on SEBI's six-step scale from Low to Very High.