HSBC Credit Risk Fund
- NAV as on 6 Nov 2026
- ₹34.70+0.02%1 day
- Return since launch
- 7.6%
- 52-week range
- ₹32.97 — ₹34.70
- AUM
- ₹441 Cr
HSBC Credit Risk Fund is a Credit Risk debt fund from HSBC Mutual Fund with ₹441 Cr under management, launched in 2009. Over three years it has returned 10.4% a year, against 8.7% for its category. The expense ratio is 1.66% and the SEBI riskometer reading is Moderately High.
Performance
HSBC Credit Risk Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.2% against +5.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.2% | −2.2 pts | 7.4% | 5.5% |
| 2Y | 8.8% | +0.9 pts | 8.0% | 6.1% |
| 3Y | 10.4% | +1.7 pts | 8.7% | 6.6% |
| 5Y | 9.7% | +0.7 pts | 9.0% | 6.7% |
| 7Y | 8.8% | +0.1 pts | 8.6% | 6.5% |
| 10Y | 7.7% | +1.6 pts | 6.1% | 6.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.2% | −0.2 pts | 0.4% | 0.4% |
| 3M | 0.8% | +0.1 pts | 0.8% | 0.6% |
| 6M | 2.8% | −0.4 pts | 3.2% | 3.0% |
| 1Y | 5.2% | −2.2 pts | 7.4% | 5.5% |
| 2Y | 12.7% | +3.7 pts | 9.0% | 6.6% |
| 3Y | 10.8% | +2.1 pts | 8.7% | 7.0% |
| 5Y | 8.2% | −0.8 pts | 9.0% | 6.3% |
| 7Y | 7.5% | +0.4 pts | 7.1% | 6.4% |
| 10Y | 6.8% | +0.7 pts | 6.1% | 6.6% |
Since launch (29 Sep 2009): 7.6%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 20.3% | +9.0 pts | 11.3% |
| 2024 | 7.1% | −1.6 pts | 8.7% |
| 2023 | 6.5% | −2.2 pts | 8.7% |
| 2022 | 3.2% | −12.5 pts | 15.7% |
| 2021 | 5.7% | −2.5 pts | 8.2% |
| 2020 | 5.0% | +4.0 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
1.66%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.39%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.26%
- Exit load
- Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 Year.
- 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.
Your principal is treated as being at moderately high risk — typically balanced hybrid and index-led 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 | 0.70 | 1.39 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 6.19 | 5.16 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 6.91 | 3.17 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HSBC Credit Risk Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt93.0%
- Other7.0%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Nuvoco Vistas Corporation Ltd. | Materials | 7.88% | ₹34.76 Cr | +7.85% | — | — |
| JTPM Metal Traders Ltd. | Metals & Mining | 6.12% | ₹26.98 Cr | +5.70% | +5.46% | +2.67% |
| Nirma Ltd. | Consumer Staples | 5.97% | ₹26.33 Cr | +5.50% | +5.31% | +4.73% |
| Power Finance Corporation Ltd. | Financial | 5.84% | ₹25.78 Cr | +5.42% | — | — |
| Power Grid Corporation Of India Ltd. | Energy | 5.71% | ₹25.21 Cr | +5.67% | +5.49% | — |
| Aditya Birla Renewables Ltd. | Energy | 5.68% | ₹25.04 Cr | +5.68% | +5.50% | +4.52% |
| Godrej Seeds & Genetics Ltd. | Consumer Staples | 5.67% | ₹25.03 Cr | +5.67% | — | — |
| JSW Kalinga Steel Ltd. | Metals & Mining | 4.72% | ₹20.81 Cr | +4.37% | +4.22% | — |
| GMR Airports Ltd. | Construction | 3.70% | ₹16.31 Cr | — | — | — |
| Vedanta Ltd. | Metals & Mining | 3.53% | ₹15.58 Cr | +3.25% | +3.41% | +2.75% |
| GOI | Sovereign | 3.49% | ₹15.38 Cr | +4.50% | +6.58% | +5.52% |
| MAS Financial Services Ltd. | Financial | 3.47% | ₹15.30 Cr | +3.51% | +3.36% | +2.71% |
| Delhi International Airport Ltd. | Services | 3.46% | ₹15.27 Cr | +3.29% | +3.21% | +2.73% |
| Aditya Birla Digital Fashion Ventures Ltd. | Services | 3.42% | ₹15.07 Cr | +3.42% | +3.30% | +2.70% |
| National Bank For Agriculture & Rural Development | Financial | 2.37% | ₹10.44 Cr | +5.51% | +5.47% | — |
| Indostar Capital Finance Ltd. | Financial | 2.33% | ₹10.28 Cr | +2.14% | +2.26% | +1.83% |
| Aditya Birla Real Estate Ltd | Consumer Staples | 2.29% | ₹10.09 Cr | +2.29% | +2.20% | +1.81% |
| KrazyBee Services Ltd. | Financial | 2.27% | ₹10.00 Cr | +2.13% | — | — |
| Dhruva Trust | Others | 2.04% | ₹8.99 Cr | +2.39% | +2.73% | +2.97% |
| Cube Highways Trust | Services | 1.94% | ₹8.56 Cr | +1.07% | — | — |
| Indigo Paints Ltd. | Materials | 1.73% | ₹7.64 Cr | — | — | — |
| IRB InvIT Fund | Construction | 1.64% | ₹7.26 Cr | — | — | — |
| National Highways Infra Trust | Construction | 1.55% | ₹6.82 Cr | +1.43% | — | — |
| Raajmarg Infra Investment Trust | Construction | 1.23% | ₹5.44 Cr | — | — | — |
| Others | Others | 1.06% | ₹4.80 Cr | +1.20% | +1.17% | -0.78% |
| Vajra Trust | Others | 0.72% | ₹3.16 Cr | +1.09% | +1.51% | +2.08% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| IRB InvIT Fund | 0.00% | 1.64% | +1.64% |
| Cube Highways Trust | 1.12% | 1.94% | +0.82% |
| Aditya Birla Renewables Ltd. | 5.92% | 5.68% | -0.24% |
| Nirma Ltd. | 5.73% | 5.97% | +0.24% |
| Nuvoco Vistas Corporation Ltd. | 8.12% | 7.88% | -0.24% |
| Power Finance Corporation Ltd. | 5.61% | 5.84% | +0.23% |
| Godrej Seeds & Genetics Ltd. | 5.45% | 5.67% | +0.22% |
| JTPM Metal Traders Ltd. | 5.90% | 6.12% | +0.22% |
| Power Grid Corporation Of India Ltd. | 5.49% | 5.71% | +0.22% |
| JSW Kalinga Steel Ltd. | 4.53% | 4.72% | +0.19% |
| GMR Airports Ltd. | 3.54% | 3.70% | +0.16% |
| Aditya Birla Digital Fashion Ventures Ltd. | 3.28% | 3.42% | +0.14% |
| MAS Financial Services Ltd. | 3.33% | 3.47% | +0.14% |
| Vedanta Ltd. | 3.39% | 3.53% | +0.14% |
| Vajra Trust | 0.84% | 0.72% | -0.12% |
| National Bank For Agriculture & Rural Development | 2.28% | 2.37% | +0.09% |
| Aditya Birla Real Estate Ltd | 2.20% | 2.29% | +0.09% |
| Dhruva Trust | 2.13% | 2.04% | -0.09% |
| Indostar Capital Finance Ltd. | 2.24% | 2.33% | +0.09% |
| KrazyBee Services Ltd. | 2.19% | 2.27% | +0.08% |
| Delhi International Airport Ltd. | 3.39% | 3.46% | +0.07% |
| Indigo Paints Ltd. | 1.67% | 1.73% | +0.06% |
| National Highways Infra Trust | 1.50% | 1.55% | +0.05% |
| Raajmarg Infra Investment Trust | 1.20% | 1.23% | +0.03% |
| GOI | 2.35% | 2.37% | +0.02% |
| Others | 0.42% | 0.43% | +0.01% |
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 | ₹937 Cr | 1.45% | 9.2% | 10.3% | 10.7% |
 SBI Credit Risk Fund | ₹2,177 Cr | 1.54% | 7.0% | 7.5% | 7.5% |
 Aditya Birla Sun Life Credit Risk Fund | ₹1,721 Cr | 1.60% | 8.0% | 11.8% | 11.1% |
 Axis Credit Risk Fund | ₹370 Cr | 1.56% | 7.0% | 7.8% | 7.6% |
 DSP Credit Risk Fund | ₹336 Cr | 1.19% | 10.5% | 12.9% | 13.3% |
 Bank of India Credit Risk Fund | ₹78.52 Cr | 1.36% | 13.6% | 11.4% | 14.0% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate regular returns and capital appreciation by investing predominantly in AA and below rated corporate bonds, debt, government securities and money market instruments.
Fund managers
- Shriram RamanathanShriram is a B.E. (Electrical), PGDBM from XLRI Jamshedpur and CFA.Prior to joining HSBC Mutual Fund, he has worked with L&T MF, FIL Fund Management Pvt. Ltd., ING Investment Management, Zurich Asset Management Co., ICICI Ltd., and L&T Ltd.
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 months2.76% absolute | ₹60,000 | ₹61,656 | 2.76% | |
| 1 year5.23% annualised | ₹1,20,000 | ₹1,23,454 | 2.88% | |
| 3 years10.79% annualised | ₹3,60,000 | ₹4,26,677 | 18.52% | |
| 5 years8.24% annualised | ₹6,00,000 | ₹7,44,461 | 24.08% |
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.