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Best Corporate Bond mutual funds

21 funds in this category, ranked by 3-year rolling CAGR.

#Fund3Y CAGRAMCAUM
#1Franklin India Corporate Debt Fund8.4%Franklin Templeton Asset Management (India) Private Limited₹1,399.53 Cr
#2Aditya Birla Sun Life Corporate Bond Fund8.0%Aditya Birla Sun Life AMC Limited₹25,077.238 Cr
#3HDFC Corporate Bond Fund8.0%HDFC Asset Management Company Limited₹28,886.762 Cr
#4BARODA BNP PARIBAS Corporate Bond Fund8.0%Baroda BNP Paribas Asset Management India Private Limited₹264.87 Cr
#5ICICI Prudential Corporate Bond Fund8.0%ICICI Prudential Asset Management Company Limited₹27,596.06 Cr
#6Nippon India Corporate Bond Fund8.0%Nippon Life India Asset Management Limited₹8,851.165 Cr
#7Kotak Corporate Bond Fund-7.9%Kotak Mahindra Asset Management Company Limited.₹14,794.21 Cr
#8Tata Corporate Bond Fund-7.7%Tata Asset Management Limited₹2,652.3 Cr
#9Sundaram Corporate Bond Fund7.7%Sundaram Asset Management Company Ltd₹614.45 Cr
#10Axis Corporate Bond Fund7.7%Axis Asset Management Co. Ltd.₹7,360.623 Cr
#11HSBC Corporate Bond Fund7.5%HSBC Asset Management (India) Private Ltd.₹5,807.959 Cr
#12BANDHAN Corporate Bond Fund7.4%Bandhan AMC Limited₹13,396.135 Cr
#13Canara Robeco Corporate Bond Fund7.3%Canara Robeco Asset Management Company Limited₹102.531 Cr
#14Invesco India Corporate Bond Fund7.3%Invesco Asset Management (India) Private Limited₹3,402.2 Cr
#15PGIM India Corporate Bond Fund7.2%PGIM India Asset Management Private Limite₹78.948 Cr
#16Mirae Asset Corporate Bond Fund7.0%Mirae Asset Investment Managers (India) Pvt. Ltd₹43.486 Cr
#17UTI Corporate Bond Fund7.0%UTI Asset Mgmt. Co. Ltd.₹4,554.384 Cr
#18Trustmf Corporate Bond Fund-6.9%Trust Asset Management Private Limited₹76.24 Cr
#19SBI Corporate Bond Fund6.4%SBI Funds Management Limited₹21,659.129 Cr
#20Union Corporate Bond Fund6.0%Union Asset Management Company Private Limited₹276.536 Cr
#21DSP Corporate Bond Fund5.8%DSP Asset Managers Private Limited₹2,641.235 Cr

Punji tracks 21 Corporate Bond Fund funds from 0 AMCs, together managing roughly ₹1,69,535.991 Cr in assets. Across the 21 funds with a full 3-year track record, the average 3-year rolling CAGR is 7.4%. Franklin India Corporate Debt Fund leads the category at 8.4% 3Y CAGR.

Figures here are computed directly from each fund's own NAV history and AUM - not survivor-biased averages from a fact sheet - so a fund that merged, closed, or changed category drops out of the comparison rather than skewing it. Click any fund in the table for its full return history, expense ratio, holdings, and risk profile, or jump to a specific AMC's Corporate Bond Fund funds below.

Corporate Bond Fund is one of the standardized scheme categories SEBI mandated in its 2017 product categorization circular, so every AMC's Corporate Bond Fund fund follows the same investment-mandate rules - the same broad universe of permitted holdings, the same category-level restrictions - which is what makes a ranking across 0 different AMCs a genuine like-for-like comparison rather than an apples-to-oranges one. A fund's position here moves as new NAV data comes in or as AMCs launch or close schemes in the category, so treat it as a point-in-time snapshot, not a fixed league table.

Category alone doesn't tell you a fund's risk level or whether it's the right fit for your own time horizon - two Corporate Bond Fund funds can take meaningfully different approaches within the same mandate (concentration, turnover, credit quality for debt categories) and end up with very different risk profiles despite sharing a label. Use the Riskometer rating and risk metrics (Sharpe Ratio, Max Drawdown, Standard Deviation) shown on each fund's own page alongside this category-level ranking, not instead of it.