Should I invest in PGIM India Corporate Bond Fund - Monthly Dividend?

We don't give personal investment advice. PGIM India Corporate Bond Fund - Direct Plan - Monthly Dividend is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 7.1%. 5-year CAGR: -1.36%.

PGIM India

PGIM India Corporate Bond Fund - Direct Plan - Monthly Dividend

Latest NAV

₹14.3337

As of

17 Jul 2026

2,407 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.01%	-1.47%	+1.47	48 / 68	Q3
1W	-0.04%	-1.52%	+1.47	31 / 68	Q2
2W	-0.09%	-1.57%	+1.48	28 / 68	Q2
1M	-1.56%	-1.35%	-0.21	65 / 68	Q4
3M	-2.38%	-0.46%	-1.93	67 / 68	Q4
6M	-3.45%	-0.61%	-2.84	62 / 67	Q4
YTD	-3.71%	-0.85%	-2.86	62 / 67	Q4
1Y	-5.10%	-0.07%	-5.03	66 / 67	Q4
2Y	-2.44%	+1.20%	-3.64	65 / 67	Q4
3Y	-1.68%	+2.57%	-4.25	66 / 66	Q4
4Y	-1.19%	+2.67%	-3.86	61 / 61	Q4
5Y	-1.36%	+1.67%	-3.02	51 / 52	Q4
7Y	-0.55%	+1.88%	-2.43	47 / 49	Q4
10Y	-0.93%	+1.53%	-2.46	30 / 31	Q4
Inception	-0.74%	+0.94%	-1.68	62 / 63	Q4

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	-3.71%	+0.53%	-4.24	54 / 58
2025	-1.07%	+3.04%	-4.11	59 / 61
2024	+0.50%	+3.39%	-2.89	44 / 62
2023	+0.03%	+2.73%	-2.70	46 / 60
2022	-1.60%	+0.36%	-1.96	49 / 57
2021	-0.86%	-0.78%	-0.08	31 / 50
2020	+3.46%	+4.23%	-0.77	23 / 50
2019	+1.88%	+2.75%	-0.87	25 / 47
2018	-6.52%	+1.54%	-8.06	37 / 37
2017	-2.10%	+1.60%	-3.70	31 / 33
2016	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

-0.49%

109 windows

min -16.3% · max 11.0%

50% positive

3-Year rolling

-0.43%

87 windows

min -2.5% · max 4.8%

33% positive

5-Year rolling

-0.29%

63 windows

min -1.4% · max 2.5%

38% positive

7-Year rolling

-0.36%

39 windows

min -1.1% · max 1.9%

28% positive

Limited basis — fund is young, so this average may be skewed by which 7Y windows happen to be available.

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

1.92%

3-year · annualised

Sharpe ratio

-4.25

vs risk-free 6.5%

Sortino ratio

-4.67

Downside-only deviation

Max drawdown

-6.24%

Apr 2025 → Jun 2026

% positive months

47.2%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Corporate Bond Fund

Scheme	Fund house	NAV	As of
HDFC Corporate Bond Fund - IDCW Option - Direct Plan	HDFC	₹21.5550	17 Jul 2026
NIPPON INDIA CORPORATE BOND FUND - DIRECT Plan - DAILY IDCW Option	Nippon India	₹17.0694	17 Jul 2026
SBI Corporate Bond Fund - Direct Plan - Monthly Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹15.9933	17 Jul 2026
ICICI Prudential Corporate Bond Fund - Direct Plan - Monthly IDCW	ICICI Prudential	₹10.2250	17 Jul 2026
Invesco India Corporate Bond Fund - Direct Plan - Annual IDCW (Payout / Reinvestment)	Invesco	₹1,240.9877	17 Jul 2026
BANDHAN Corporate Bond Fund - Direct Annual IDCW	Bandhan	₹10.5086	17 Jul 2026
Aditya Birla Sun Life Corporate Bond Fund -DIRECT - IDCW	Aditya Birla Sun Life	₹10.6342	17 Jul 2026
Franklin India Corporate Debt Fund - Plan A - Direct - Annual - IDCW	Franklin India	₹18.9827	17 Jul 2026
Mirae Asset Corporate Bond Fund Direct IDCW	Mirae Asset	₹13.7612	17 Jul 2026
Kotak Corporate Bond Fund- Direct Plan- Monthly Payout of Income Distribution cum capital withdrawal option	Kotak	₹1,071.0150	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹14.3337
16 Jul 2026	₹14.3327
15 Jul 2026	₹14.3229
14 Jul 2026	₹14.3167
13 Jul 2026	₹14.3434
10 Jul 2026	₹14.3398
9 Jul 2026	₹14.3246
8 Jul 2026	₹14.3235
7 Jul 2026	₹14.3511
6 Jul 2026	₹14.3716

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 17 Jul 2026, the NAV of PGIM India Corporate Bond Fund - Direct Plan - Monthly Dividend is ₹14.3337. It's a Corporate Bond Fund from PGIM India, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

PGIM India Corporate Bond Fund - Direct Plan - Monthly Dividend has NAV history starting from 08 Mar 2016, a track record of about 10 years 4 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

PGIM India Corporate Bond Fund - Direct Plan - Monthly Dividend is managed by PGIM India. It's classified by AMFI under the 'Corporate Bond Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, PGIM India Corporate Bond Fund - Direct Plan - Monthly Dividend has delivered a absolute return of -5.10% — -5.03 pp behind the Corporate Bond Fund category average of -0.07%. The fund ranks #66 of 67 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, PGIM India Corporate Bond Fund - Direct Plan - Monthly Dividend has delivered a CAGR of -1.68% — -4.25 pp behind the Corporate Bond Fund category average of 2.57%. The fund ranks #66 of 66 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, PGIM India Corporate Bond Fund - Direct Plan - Monthly Dividend has delivered a CAGR of -1.36% — -3.02 pp behind the Corporate Bond Fund category average of 1.67%. The fund ranks #51 of 52 in its category — the bottom (Q4) quartile.

₹1 lakh invested in PGIM India Corporate Bond Fund - Direct Plan - Monthly Dividend exactly 10 years ago would be worth approximately ₹91,039 today — a multiplier of 0.91×, based on the 10-year CAGR of -0.93%. The category average over the same window would have grown ₹1 lakh to ₹116,346.

A ₹10,000 monthly SIP in PGIM India Corporate Bond Fund - Direct Plan - Monthly Dividend over the last 5 years — total invested ₹600,000 — would be worth ₹571,603 today. That's an XIRR (money-weighted annualised return) of -1.90%.

A ₹10,000 monthly SIP for 10 years in PGIM India Corporate Bond Fund - Direct Plan - Monthly Dividend = ₹1,170,000 invested. It would currently be worth ₹1,107,325 (multiplier 0.95×). XIRR: -1.11%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, PGIM India Corporate Bond Fund - Direct Plan - Monthly Dividend ranks #51 out of 52 funds in the Corporate Bond Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 1.67%; this fund delivered -1.36%.

The worst peak-to-trough decline PGIM India Corporate Bond Fund - Direct Plan - Monthly Dividend has experienced over the last 5-year window is 7.07% — its NAV fell from a high on 21 Sep 2021 to a low on 29 Jun 2026. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, PGIM India Corporate Bond Fund - Direct Plan - Monthly Dividend averaged -0.29% (best 2.46%, worst -1.36%). 38% of rolling windows ended positive. The 5-year Sharpe ratio is -4.88 — negative risk-adjusted performance.

In calendar year 2025, PGIM India Corporate Bond Fund - Direct Plan - Monthly Dividend returned -1.07% — lagging the Corporate Bond Fund category average of 3.04% by 4.11 pp. It ranked #59 of 61 in its category that year.

PGIM India Corporate Bond Fund - Direct Plan - Monthly Dividend is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. PGIM India Corporate Bond Fund - Direct Plan - Monthly Dividend is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 7.1%. 5-year CAGR: -1.36%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.