DSP Corporate Bond Fund
This is the Direct plan of DSP Corporate Bond Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★★★☆4/5 vs 21 Corporate Bond Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Corporate Bond Fund (same plan and option).
3Y CAGR +7.38% · ranks 5 of 21 Corporate Bond Funds
Volatility 0.7% vs 1.1% category avg
0.3% expense vs 0.3% category avg
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- 1-year return (+5.96%) beats the Corporate Bond Fund average (+4.75%)
- Ranks #1 of 21 on 1-year return in its Corporate Bond Fund cohort
- Stronger risk-adjusted returns — Sharpe 1.34 vs 0.59 Corporate Bond Fund average
- Less volatile than its Corporate Bond Fund peers (0.7% vs 1.1%)
- Low expense ratio (0.29%) vs the Corporate Bond Fund average of 0.33%
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Corporate Bond Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.41% | -0.08% | +0.49% |
| 3M abs | +1.53% | +0.38% | +1.15% |
| 6M abs | +3.57% | +3.35% | +0.22% |
| 1Y CAGR | +5.96% | +4.75% | +1.21% |
| 3Y CAGR | +7.38% | +7.17% | +0.21% |
| 5Y CAGR | +6.08% | +6.30% | -0.22% |
Category average across peers in Corporate Bond Fund (up to 20 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 20 peers in Corporate Bond Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into DSP Corporate Bond Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +4.63% | |
| 2025 | +7.96% | |
| 2024 | +7.96% | |
| 2023 | +6.76% | |
| 2022 | +2.34% | |
| 2021 | +3.66% | |
| 2020 | +9.67% | |
| 2019 | +11.38% | |
| 2018part | +3.89% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt99.99%
- Cash & Equivalents0.01%
Fund size over time
Quarterly average AUM · AMFIDown +8% from its peak of ₹3,299Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
DSP Mutual Fund is run by DSP Asset Managers, part of the DSP Group, a Mumbai financial firm whose broking lineage runs back to 1860. The house operated as a joint venture with BlackRock — and Merrill Lynch before it — until the DSP family bought out the foreign stake in 2018.
Fund Managers
SGShantanu GodambeManaging since 01 Jan 2025
CFA, MS(Finance), B.Com
Over 17 years of experience From March 2023 Onwards: Vice President (Investments - Fixed Income) - DSP Asset Managers Private Limited From January 2016-February 2023: Group Executive Vice President – Financial Markets - Plus SDL – April 2033 Index Yes Bank Ltd From November 2008-January 2016: Head – SLR Desk - Prebon Yamane India Ltd
- DSP Aggressive Hybrid Fund
- DSP Banking and PSU Debt Fund
- DSP CRISIL-IBX 50:50 Gilt Plus SDL - April 2033 Index Fund
- DSP Dynamic Asset Allocation Fund
- DSP Equity Savings Fund
- DSP Floating Interest Rates Fund
- DSP Gilt Fund
- DSP Multi Asset Allocation Fund
- DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund
- DSP Nifty SDL Plus G-Sec Sep 2027 50:50 Index Fund
- DSP Short Term Fund
- DSP Conservative Hybrid Fund - Direct Plan - Growth
- DSP Dynamic Term Fund - Direct Plan - Growth
- DSP Overnight Fund - Direct Plan - Growth
VRVivek RamakrishnanManaging since 17 Jul 2021
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Corporate Bond funds
Corporate bond funds lend mainly to high-rated companies (AA+ and above). They aim for a little more yield than government debt while keeping credit risk low.
From the blog
Short duration vs corporate bond funds in 2026
01 Oct 2026
In the year to 30 September 2026, the median short duration fund returned 5.26% and the median corporate bond fund 4.95%, with lower volatility too.
Short duration vs corporate bond funds: April 2026
21 Apr 2026
The median short duration fund returned 5.79% in the year to 20 April 2026 and the median corporate bond fund 5.37%. Both trailed liquid funds' 6.34%.
Frequently asked questions
What is the NAV of DSP Corporate Bond Fund?
As of 05 Oct 2026, the NAV of DSP Corporate Bond Fund is ₹17.54 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has DSP Corporate Bond Fund delivered?
DSP Corporate Bond Fund has returned +5.96% over 1 year, +7.38% per year over 3 years, +6.08% per year over 5 years and +7.20% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of DSP Corporate Bond Fund?
DSP Corporate Bond Fund charges an expense ratio of 0.29% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of DSP Corporate Bond Fund?
DSP Corporate Bond Fund's largest holdings are 7.38% GOI 20062027 (7.8%), LIC Housing Finance Limited (5.5%), National Bank For Agriculture & Rural Development (4.7%), Kotak Mahindra Prime Limited (4.7%) and Indian Oil Corporation Limited (4.6%). Holdings are disclosed monthly and change over time.
How risky is DSP Corporate Bond Fund?
DSP Corporate Bond Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.7% and its worst peak-to-trough fall in our sample was -3.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 1.34 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. DSP Corporate Bond Fund's 1.34 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of DSP Corporate Bond Fund?
DSP Corporate Bond Fund is benchmarked against the CRISIL Corporate Debt A-II Index. Its alpha and beta on this page are measured against that index.
Who manages DSP Corporate Bond Fund?
DSP Corporate Bond Fund is managed by Shantanu Godambe and Vivek Ramakrishnan at DSP.
How is DSP Corporate Bond Fund taxed?
DSP Corporate Bond Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.