HDFC Credit Risk Fund
Credit RiskHighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹26.06-0.05%1 day
- Return since launch
- 7.9%
- 52-week range
- ₹24.45 — ₹26.11
- AUM
- ₹7,666 Cr
HDFC Credit Risk Fund is a Credit Risk debt fund from HDFC Mutual Fund with ₹7,666 Cr under management, launched in 2014. Over three years it has returned 7.3% a year, against 9.0% for its category. The expense ratio is 1.51% and the SEBI riskometer reading is High.
Performance
HDFC Credit Risk Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.5% against +6.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.7% | −1.2 pts | 7.9% | 6.0% |
| 2Y | 6.9% | −1.6 pts | 8.5% | 6.4% |
| 3Y | 7.3% | −1.7 pts | 9.0% | 6.8% |
| 5Y | 7.1% | −2.0 pts | 9.1% | 6.8% |
| 7Y | 7.1% | −1.7 pts | 8.7% | 6.6% |
| 10Y | 7.2% | +1.0 pts | 6.2% | 6.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.1% | −0.1 pts | 0.1% | 0.1% |
| 3M | 1.3% | +0.1 pts | 1.2% | 1.0% |
| 6M | 3.9% | −0.7 pts | 4.6% | 3.4% |
| 1Y | 6.5% | −1.3 pts | 7.9% | 5.9% |
| 2Y | 7.1% | −2.0 pts | 9.1% | 6.8% |
| 3Y | 7.5% | −1.5 pts | 9.0% | 7.1% |
| 5Y | 6.5% | −2.7 pts | 9.1% | 6.3% |
| 7Y | 7.4% | +0.2 pts | 7.2% | 6.5% |
| 10Y | 7.2% | +1.0 pts | 6.2% | 6.7% |
Since launch (6 Mar 2014): 7.9%
Calendar-year returns
Category average10.9%
7.0%
3.7%
6.6%
8.1%
8.0%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 8.0% | −3.4 pts | 11.3% |
| 2024 | 8.1% | −0.6 pts | 8.7% |
| 2023 | 6.6% | −2.1 pts | 8.7% |
| 2022 | 3.7% | −12.0 pts | 15.7% |
| 2021 | 7.0% | −1.2 pts | 8.2% |
| 2020 | 10.9% | +10.0 pts | 1.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.51%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.29%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.22%
- Exit load
- Exit load for units in excess of 15% of the investment, 1% will be charged for redemption within 12 months and 0.50% if redeemed after 12 months but within 18 months.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Credit Risk Bond Index B-II
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
High
Your principal is treated as being at high risk — typically diversified and large cap equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.35 | 1.60 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 2.45 | 6.49 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.23 | 3.36 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HDFC Credit Risk Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt87.8%
- Other12.2%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| GMR Airports Ltd. | Construction | 4.83% | ₹370 Cr | +4.83% | +3.98% | +3.30% |
| Others | Others | 4.82% | ₹368 Cr | +0.99% | +1.08% | +1.05% |
| Nirma Ltd. | Consumer Staples | 3.92% | ₹301 Cr | +2.33% | +2.55% | +2.54% |
| Indus Infra Trust | Construction | 3.30% | ₹253 Cr | +1.89% | +2.07% | +2.03% |
| company:20664 | Chemicals | 3.12% | ₹239 Cr | — | — | — |
| Jubilant Beverages Ltd. | Consumer Staples | 2.79% | ₹214 Cr | +2.77% | +3.01% | +2.86% |
| Aditya Birla Renewables Ltd. | Energy | 2.74% | ₹210 Cr | +2.12% | +2.19% | +2.19% |
| Bamboo Hotel And Global Centre (Delhi) Pvt Ltd. Class A | Services | 2.62% | ₹201 Cr | +2.66% | +2.93% | +2.92% |
| Kalpataru Projects International Ltd. | Capital Goods | 2.61% | ₹200 Cr | +2.64% | +2.91% | +2.90% |
| Jubilant Bevco Ltd. | Consumer Staples | 2.59% | ₹198 Cr | +2.57% | +2.80% | +2.66% |
| JSW Energy Ltd. | Capital Goods | 2.29% | ₹176 Cr | +2.31% | +2.55% | +2.53% |
| Evonith Value Steel Ltd. | Metals & Mining | 2.28% | ₹174 Cr | +2.31% | — | — |
| Siddhivinayak Securitisation Trust | Others | 2.26% | ₹173 Cr | +2.30% | +2.57% | — |
| JTPM Metal Traders Ltd. | Metals & Mining | 2.11% | ₹162 Cr | +2.09% | +2.27% | — |
| MAS Financial Services Ltd. | Financial | 2.01% | ₹154 Cr | +1.46% | +1.60% | +1.58% |
| Aditya Birla Digital Fashion Ventures Ltd. | Services | 1.94% | ₹149 Cr | — | — | — |
| Kogta Financial India Ltd. | Financial | 1.94% | ₹149 Cr | +1.97% | +2.16% | +0.90% |
| Aadharshila Infratech Pvt. Ltd. | Construction | 1.93% | ₹148 Cr | — | — | — |
| Kosamattam Finance Ltd | Financial | 1.92% | ₹147 Cr | +1.95% | +2.13% | — |
| Cube Highways Trust | Services | 1.39% | ₹107 Cr | — | — | — |
| TVS Credit Services Ltd. | Financial | 1.38% | ₹106 Cr | +1.40% | +1.54% | +1.54% |
| Mahindra Rural Housing Finance Ltd. | Financial | 1.31% | ₹100 Cr | +1.33% | +1.47% | +1.46% |
| 360 ONE Wealth Ltd. | Financial | 1.30% | ₹100 Cr | +1.33% | — | — |
| Globe Fincap Ltd. | Financial | 1.30% | ₹99.70 Cr | +1.32% | — | — |
| SK Finance Ltd. | Financial | 1.30% | ₹99.96 Cr | +2.65% | +2.91% | +2.87% |
| Raajmarg Infra Investment Trust | Construction | 1.29% | ₹98.98 Cr | +1.20% | — | — |
| Power Finance Corporation Ltd. | Financial | 1.17% | ₹89.85 Cr | +1.98% | +2.22% | +0.90% |
| LIC Housing Finance Ltd. | Financial | 1.12% | ₹86.14 Cr | +1.00% | +1.12% | +1.10% |
| JM Financial Home Loans Ltd. | Financial | 0.98% | ₹74.77 Cr | +0.99% | +1.10% | +1.08% |
| National Bank For Agriculture & Rural Development | Financial | 0.98% | ₹74.84 Cr | +0.99% | +0.73% | +0.72% |
| Embassy Office Parks REIT | Construction | 0.97% | ₹74.54 Cr | +0.97% | +1.05% | +0.95% |
| Small Industries Devp. Bank of India Ltd. | Financial | 0.97% | ₹74.43 Cr | +1.32% | — | — |
| Tata Power Company Ltd. | Energy | 0.93% | ₹71.25 Cr | +2.98% | +3.32% | +3.32% |
| REC Ltd. | Financial | 0.72% | ₹55.52 Cr | +0.42% | +0.45% | +0.45% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.66% | ₹50.45 Cr | +0.67% | — | — |
| Karnataka State | Others | 0.66% | ₹50.87 Cr | — | — | — |
| ONGC Petro Additions Ltd. | Energy | 0.66% | ₹50.23 Cr | +0.67% | +0.73% | +0.73% |
| Aadhar Housing Finance Ltd | Financial | 0.65% | ₹50.08 Cr | +0.66% | +0.73% | — |
| Globe Capital Market Ltd. | Services | 0.65% | ₹49.73 Cr | +1.32% | — | — |
| IKF Finance Ltd. | Financial | 0.65% | ₹50.12 Cr | +0.66% | +0.73% | +0.72% |
| Vastu Finserve India Private Ltd. | Financial | 0.64% | ₹48.92 Cr | +0.65% | — | +2.15% |
| Powergrid Infrastructure Investment Trust | Services | 0.46% | ₹35.35 Cr | +0.44% | +0.48% | +0.28% |
| TMF Holdings Ltd. | Financial | 0.39% | ₹29.63 Cr | +0.39% | +0.43% | +0.42% |
| Bajaj Housing Finance Ltd. | Financial | 0.37% | ₹27.74 Cr | +0.66% | +0.72% | — |
| Muthoot Capital Services Ltd. | Financial | 0.35% | ₹26.90 Cr | +0.54% | +0.78% | +1.16% |
| Godrej Industries Ltd. | Consumer Staples | 0.33% | ₹25.07 Cr | +0.33% | +0.37% | +0.36% |
| Indian Railway Finance Corporation Ltd. | Financial | 0.33% | ₹25.00 Cr | +0.33% | +0.37% | +0.36% |
| Motilal Oswal Home Finance Ltd. | Financial | 0.33% | ₹25.03 Cr | +0.33% | +0.37% | +0.36% |
| Tamilnadu State | Others | 0.33% | ₹25.16 Cr | — | — | — |
| Tata Capital Housing Finance Ltd. | Financial | 0.33% | ₹25.06 Cr | +0.33% | +0.72% | +0.72% |
| Tata Projects Ltd. | Construction | 0.33% | ₹25.06 Cr | +3.32% | +3.65% | +3.63% |
| DLF Cyber City Developers Ltd. | Construction | 0.32% | ₹24.60 Cr | — | — | — |
| Shivshakti Securitisation Trust | Others | 0.32% | ₹24.64 Cr | +0.33% | +0.37% | — |
| Capital Infra Trust | Construction | 0.27% | ₹20.33 Cr | +0.25% | +0.27% | +0.55% |
| Indigo 043 | Others | 0.23% | ₹17.96 Cr | +0.24% | — | — |
| Indigo Paints Ltd. | Materials | 0.12% | ₹9.34 Cr | +0.29% | +0.41% | +0.41% |
| GOI | Sovereign | 0.03% | ₹2.46 Cr | +1.02% | +1.15% | +1.14% |
| Vajra Trust | Others | 0.03% | ₹2.53 Cr | +0.12% | +0.28% | +0.64% |
| Andhra Pradesh State | Financial | 0.02% | ₹1.18 Cr | +0.02% | +0.02% | +0.02% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:20664 | 0.00% | 3.12% | +3.12% |
| Tata Projects Ltd. | 3.27% | 0.33% | -2.94% |
| SK Finance Ltd. | 2.61% | 1.30% | -1.31% |
| GOI | 1.01% | 0.03% | -0.98% |
| Aditya Birla Digital Fashion Ventures Ltd. | 0.98% | 1.94% | +0.96% |
| Ramco Industries Ltd. | 0.91% | 0.00% | -0.91% |
| Small Industries Devp. Bank of India Ltd. | 0.65% | 0.32% | -0.33% |
| Raajmarg Infra Investment Trust | 1.24% | 1.29% | +0.05% |
| Indigo Paints Ltd. | 0.17% | 0.12% | -0.05% |
| Indus Infra Trust | 3.26% | 3.30% | +0.04% |
| GMR Airports Ltd. | 4.81% | 4.83% | +0.02% |
| JSW Energy Ltd. | 2.28% | 2.29% | +0.01% |
| Jubilant Beverages Ltd. | 2.78% | 2.79% | +0.01% |
| 360 ONE Wealth Ltd. | 1.31% | 1.30% | -0.01% |
| Aadharshila Infratech Pvt. Ltd. | 1.94% | 1.93% | -0.01% |
| Capital Infra Trust | 0.26% | 0.27% | +0.01% |
| Globe Fincap Ltd. | 1.31% | 1.30% | -0.01% |
| Kosamattam Finance Ltd | 1.93% | 1.92% | -0.01% |
| LIC Housing Finance Ltd. | 0.50% | 0.49% | -0.01% |
| Power Finance Corporation Ltd. | 0.66% | 0.65% | -0.01% |
| Vajra Trust | 0.04% | 0.03% | -0.01% |
| Aditya Birla Renewables Ltd. | 2.75% | 2.74% | -0.01% |
| JTPM Metal Traders Ltd. | 2.10% | 2.11% | +0.01% |
| Jubilant Bevco Ltd. | 2.58% | 2.59% | +0.01% |
| Aadhar Housing Finance Ltd | 0.65% | 0.65% | 0.00% |
| Andhra Pradesh State | 0.02% | 0.02% | 0.00% |
| Bajaj Housing Finance Ltd. | 0.33% | 0.33% | 0.00% |
| Bamboo Hotel And Global Centre (Delhi) Pvt Ltd. Class A | 2.62% | 2.62% | 0.00% |
| Cholamandalam Investment and Finance Company Ltd. | 0.66% | 0.66% | 0.00% |
| Cube Highways Trust | 1.39% | 1.39% | 0.00% |
| DLF Cyber City Developers Ltd. | 0.32% | 0.32% | 0.00% |
| Embassy Office Parks REIT | 0.97% | 0.97% | 0.00% |
| Evonith Value Steel Ltd. | 2.28% | 2.28% | 0.00% |
| Globe Capital Market Ltd. | 0.65% | 0.65% | 0.00% |
| Godrej Industries Ltd. | 0.33% | 0.33% | 0.00% |
| IKF Finance Ltd. | 0.65% | 0.65% | 0.00% |
| Indian Railway Finance Corporation Ltd. | 0.33% | 0.33% | 0.00% |
| Indigo 043 | 0.23% | 0.23% | 0.00% |
| JM Financial Home Loans Ltd. | 0.98% | 0.98% | 0.00% |
| Kalpataru Projects International Ltd. | 2.61% | 2.61% | 0.00% |
| Karnataka State | 0.66% | 0.66% | 0.00% |
| Kogta Financial India Ltd. | 1.94% | 1.94% | 0.00% |
| MAS Financial Services Ltd. | 1.29% | 1.29% | 0.00% |
| Mahindra Rural Housing Finance Ltd. | 1.31% | 1.31% | 0.00% |
| Motilal Oswal Home Finance Ltd. | 0.33% | 0.33% | 0.00% |
| Muthoot Capital Services Ltd. | 0.35% | 0.35% | 0.00% |
| National Bank For Agriculture & Rural Development | 0.98% | 0.98% | 0.00% |
| Nirma Ltd. | 3.92% | 3.92% | 0.00% |
| ONGC Petro Additions Ltd. | 0.66% | 0.66% | 0.00% |
| Others | 0.33% | 0.33% | 0.00% |
| Powergrid Infrastructure Investment Trust | 0.46% | 0.46% | 0.00% |
| REC Ltd. | 0.13% | 0.13% | 0.00% |
| Shivshakti Securitisation Trust | 0.32% | 0.32% | 0.00% |
| Siddhivinayak Securitisation Trust | 2.26% | 2.26% | 0.00% |
| TMF Holdings Ltd. | 0.39% | 0.39% | 0.00% |
| TVS Credit Services Ltd. | 1.38% | 1.38% | 0.00% |
| Tamilnadu State | 0.33% | 0.33% | 0.00% |
| Tata Capital Housing Finance Ltd. | 0.33% | 0.33% | 0.00% |
| Tata Power Company Ltd. | 0.93% | 0.93% | 0.00% |
| Vastu Finserve India Private Ltd. | 0.64% | 0.64% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,099 Cr | 1.43% | 10.6% | 10.8% | 11.3% |
 ICICI Prudential Credit Risk Fund | ₹6,333 Cr | 1.43% | 7.2% | 8.1% | 7.9% |
 SBI Credit Risk Fund | ₹2,186 Cr | 1.54% | 7.8% | 7.8% | 7.7% |
 Aditya Birla Sun Life Credit Risk Fund | ₹1,600 Cr | 1.60% | 10.1% | 12.4% | 11.3% |
 DSP Credit Risk Fund | ₹310 Cr | 1.20% | 11.3% | 13.8% | 13.7% |
 Bank of India Credit Risk Fund | ₹68.71 Cr | 1.36% | 16.7% | 11.8% | 15.9% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate income/capital appreciation by investing predominantly in AA and below rated corporate debt.
Fund managers
- Bhavyesh DivechaCFA-L3, PGDM (IIM Ahmedabad), B.E. Computers.Prior to Joining the HDFC AMC, he has worked with L&T Investment Management Limited, ICRA Ltd, FinIQ Consulting Private Ltd and Tata Consultancy Services Ltd.
- Praveen JainMr. Jain has done CA and CFAPrior to joining HDFC Mutual Fund, he has worked with Larsen & Toubro Ltd and Tata Motors
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.92% absolute | ₹60,000 | ₹62,352 | 3.92% | |
| 1 year6.55% annualised | ₹1,20,000 | ₹1,24,344 | 3.62% | |
| 3 years7.53% annualised | ₹3,60,000 | ₹4,05,021 | 12.51% | |
| 5 years6.45% annualised | ₹6,00,000 | ₹7,09,623 | 18.27% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of HDFC Credit Risk Fund?
The NAV of HDFC Credit Risk Fund is ₹26.06 as on 25 Sep 2026.
What is the expense ratio of HDFC Credit Risk Fund?
The expense ratio of HDFC Credit Risk Fund is 1.51% per year.
What is the minimum SIP amount for HDFC Credit Risk Fund?
You can start a SIP in HDFC Credit Risk Fund with ₹3,000 a month.
What returns has HDFC Credit Risk Fund given?
HDFC Credit Risk Fund has returned 6.7% over 1 year, 7.3% over 3 years and 7.1% over 5 years (annualised).
Is there a lock-in or exit load on HDFC Credit Risk Fund?
Lock-in: None. Exit load: Exit load for units in excess of 15% of the investment, 1% will be charged for redemption within 12 months and 0.50% if redeemed after 12 months but within 18 months..
How risky is HDFC Credit Risk Fund?
HDFC Credit Risk Fund is rated High on the SEBI riskometer and belongs to the Credit Risk category.
Which fund house manages HDFC Credit Risk Fund?
HDFC Credit Risk Fund is managed by HDFC Mutual Fund, which runs 85 schemes with ₹9,61,940 Cr under management.