Nippon India Credit Risk Fund
Credit RiskModerately HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹38.15-0.09%1 day
- Return since launch
- 6.5%
- 52-week range
- ₹35.68 — ₹38.18
- AUM
- ₹1,574 Cr
Nippon India Credit Risk Fund is a Credit Risk debt fund from Nippon India Mutual Fund with ₹1,574 Cr under management, launched in 2005. Over three years it has returned 7.9% a year, against 9.0% for its category. The expense ratio is 1.39% and the SEBI riskometer reading is Moderately High.
Performance
Nippon India Credit Risk Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.9% 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 | 7.0% | −1.0 pts | 8.0% | 6.1% |
| 2Y | 7.5% | −1.1 pts | 8.7% | 6.5% |
| 3Y | 7.9% | −1.1 pts | 9.0% | 6.9% |
| 5Y | 7.8% | −1.4 pts | 9.1% | 6.8% |
| 7Y | 7.7% | −1.1 pts | 8.8% | 6.6% |
| 10Y | 6.5% | +0.4 pts | 6.2% | 6.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | +0.2 pts | 0.2% | 0.2% |
| 3M | 1.3% | −0.1 pts | 1.3% | 1.2% |
| 6M | 3.8% | −0.8 pts | 4.6% | 3.5% |
| 1Y | 6.9% | −1.1 pts | 8.0% | 6.0% |
| 2Y | 8.0% | −1.2 pts | 9.2% | 6.9% |
| 3Y | 8.0% | −1.0 pts | 9.0% | 7.1% |
| 5Y | 7.1% | −2.0 pts | 9.1% | 6.3% |
| 7Y | 5.9% | −1.3 pts | 7.2% | 6.6% |
| 10Y | 5.8% | −0.4 pts | 6.2% | 6.7% |
Since launch (10 May 2005): 6.5%
Calendar-year returns
Category average-5.9%
13.5%
3.9%
7.9%
8.2%
8.9%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 8.9% | −2.4 pts | 11.3% |
| 2024 | 8.2% | −0.5 pts | 8.7% |
| 2023 | 7.9% | −0.8 pts | 8.7% |
| 2022 | 3.9% | −11.9 pts | 15.7% |
| 2021 | 13.5% | +5.3 pts | 8.2% |
| 2020 | -5.9% | −6.8 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
1.39%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.17%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.21%
- Exit load
- Exit Load for units in excess of 25% of the investment,1% will be charged for redemption within 12 months.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Credit Risk Debt B-II Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderately High
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 | 2.04 | 1.60 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.35 | 6.49 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.03 | 3.36 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Nippon India Credit Risk Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt90.8%
- Other9.2%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 9.48% | ₹149 Cr | +0.84% | +1.12% | +1.16% |
| National Bank For Agriculture & Rural Development | Financial | 5.05% | ₹79.56 Cr | +4.20% | — | — |
| Triumph Composites Pvt. Ltd. | Chemicals | 4.75% | ₹74.70 Cr | +4.26% | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 3.69% | ₹58.17 Cr | +3.54% | +4.76% | +5.12% |
| Aditya Birla Real Estate Ltd | Consumer Staples | 3.49% | ₹54.97 Cr | +3.86% | +2.86% | +3.08% |
| Adani Airport Holdings Ltd. | Services | 3.46% | ₹54.43 Cr | +1.77% | — | — |
| Delhi International Airport Ltd. | Services | 3.23% | ₹50.84 Cr | +3.57% | +3.41% | +3.61% |
| HDFC Bank Ltd. | Financial | 3.08% | ₹48.49 Cr | +3.36% | — | — |
| Muthoot Fincorp Ltd. | Financial | 2.86% | ₹44.99 Cr | +3.18% | +4.57% | +1.01% |
| Truhome Finance Ltd. | Financial | 2.56% | ₹40.30 Cr | +2.85% | +3.86% | +4.14% |
| Gaursons India Pvt. Ltd. | Construction | 2.54% | ₹39.91 Cr | +2.80% | +3.75% | — |
| Navi Finserv Private Ltd. | Financial | 2.54% | ₹39.95 Cr | +2.82% | +3.76% | — |
| Adani Power Ltd. | Energy | 2.53% | ₹39.75 Cr | +1.76% | — | — |
| Vedanta Ltd - Pref. Shares 7.50 | Metals & Mining | 2.24% | ₹35.30 Cr | +2.49% | +3.34% | +3.56% |
| Hiranandani Financial Services Pvt. Ltd. | Financial | 2.23% | ₹35.09 Cr | +2.48% | +3.29% | +3.52% |
| AUXILO FINSERVE PRIVATE Ltd. | Financial | 2.03% | ₹32.00 Cr | +2.27% | +2.35% | — |
| Mancherial Repallewada Road Pvt Ltd. | Construction | 2.01% | ₹31.69 Cr | +2.24% | +3.40% | +4.09% |
| Rajasthan State | Others | 1.89% | ₹29.71 Cr | +2.09% | +2.84% | — |
| JSW Kalinga Steel Ltd. | Metals & Mining | 1.64% | ₹25.87 Cr | +1.78% | — | — |
| REC Ltd. | Financial | 1.63% | ₹25.66 Cr | +1.82% | +2.47% | +2.67% |
| Andhra Pradesh State Beverages Corporation Ltd. | Consumer Staples | 1.60% | ₹25.17 Cr | +0.72% | +0.95% | — |
| Mindspace Business Parks REIT | Construction | 1.60% | ₹25.15 Cr | +3.48% | +2.41% | +2.59% |
| Incred Financial Services Ltd. | Financial | 1.58% | ₹24.87 Cr | +1.76% | — | +0.50% |
| Muthoot Mcred Ltd. | Financial | 1.56% | ₹24.51 Cr | +0.68% | — | — |
| Tamilnadu State | Others | 1.55% | ₹24.46 Cr | +1.71% | +2.33% | — |
| Bamboo Hotel And Global Centre (Delhi) Pvt Ltd. Class A | Services | 1.47% | ₹23.09 Cr | +1.63% | +2.19% | +2.36% |
| Nuvoco Vistas Corporation Ltd. | Materials | 1.41% | ₹22.21 Cr | +1.57% | +2.11% | — |
| GMR Airports Ltd. | Construction | 1.35% | ₹21.32 Cr | +1.11% | +1.49% | — |
| GOI | Sovereign | 1.31% | ₹20.57 Cr | +1.45% | +1.97% | +2.10% |
| Torrent Power Ltd. | Energy | 1.27% | ₹20.04 Cr | — | — | — |
| Telangana State | Financial | 0.96% | ₹15.15 Cr | — | — | — |
| Muthoot Microfin Ltd. | Financial | 0.94% | ₹14.85 Cr | +1.04% | +1.39% | — |
| Veritas Finance Ltd. | Financial | 0.94% | ₹14.77 Cr | — | — | — |
| Jubilant Beverages Ltd. | Consumer Staples | 0.88% | ₹13.93 Cr | +0.96% | +1.28% | +3.15% |
| Kosamattam Finance Ltd | Financial | 0.75% | ₹11.83 Cr | +0.83% | +1.11% | — |
| JTPM Metal Traders Ltd. | Metals & Mining | 0.69% | ₹10.78 Cr | +0.75% | +0.98% | — |
| Karnataka State | Others | 0.66% | ₹10.39 Cr | +0.73% | +0.99% | — |
| Power Finance Corporation Ltd. | Financial | 0.64% | ₹10.02 Cr | +0.71% | +0.95% | +1.02% |
| Adani Transmission Step-Two Ltd. | Energy | 0.63% | ₹9.96 Cr | +0.70% | +0.95% | — |
| Trust Investment Advisors Pvt. Ltd. | Financial | 0.63% | ₹9.95 Cr | +0.70% | — | — |
| Suryapet Khammam Road Pvt. Ltd. | Construction | 0.44% | ₹6.89 Cr | +0.50% | +0.67% | — |
| Madhya Pradesh State | Others | 0.33% | ₹5.13 Cr | — | — | — |
| Vedanta Ltd. | Metals & Mining | 0.32% | ₹5.06 Cr | +0.36% | +0.48% | +0.51% |
| Vastu Finserve India Private Ltd. | Financial | 0.26% | ₹4.14 Cr | — | — | +1.52% |
| Indostar Home Finance Pvt. Ltd. | Financial | 0.25% | ₹4.00 Cr | +0.28% | +0.66% | +1.01% |
| Jubilant Bevco Ltd. | Consumer Staples | 0.18% | ₹2.79 Cr | +0.19% | +0.26% | +4.21% |
| Godrej Properties Ltd. | Construction | 0.06% | ₹1.01 Cr | — | — | — |
| Telangana State Industrial Infrastructure Corporation Ltd. | Others | 0.03% | ₹0.51 Cr | +1.74% | +0.42% | +0.46% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| GOI | 4.94% | 1.31% | -3.63% |
| Adani Airport Holdings Ltd. | 1.61% | 3.46% | +1.85% |
| Mindspace Business Parks REIT | 3.19% | 1.60% | -1.59% |
| National Bank For Agriculture & Rural Development | 3.16% | 1.58% | -1.58% |
| Telangana State Industrial Infrastructure Corporation Ltd. | 1.58% | 0.03% | -1.55% |
| Andhra Pradesh State Beverages Corporation Ltd. | 0.65% | 1.60% | +0.95% |
| Triumph Composites Pvt. Ltd. | 3.86% | 4.75% | +0.89% |
| Delhi International Airport Ltd. | 3.29% | 3.23% | -0.06% |
| Aditya Birla Real Estate Ltd | 3.55% | 3.49% | -0.06% |
| Truhome Finance Ltd. | 2.60% | 2.56% | -0.04% |
| AUXILO FINSERVE PRIVATE Ltd. | 2.06% | 2.03% | -0.03% |
| Adani Power Ltd. | 2.56% | 2.53% | -0.03% |
| Mancherial Repallewada Road Pvt Ltd. | 2.04% | 2.01% | -0.03% |
| Muthoot Fincorp Ltd. | 2.89% | 2.86% | -0.03% |
| REC Ltd. | 1.66% | 1.63% | -0.03% |
| Rajasthan State | 1.92% | 1.89% | -0.03% |
| Tamilnadu State | 1.58% | 1.55% | -0.03% |
| Torrent Power Ltd. | 1.30% | 1.27% | -0.03% |
| Hiranandani Financial Services Pvt. Ltd. | 2.26% | 2.23% | -0.03% |
| Vedanta Ltd - Pref. Shares 7.50 | 2.27% | 2.24% | -0.03% |
| GMR Airports Ltd. | 1.37% | 1.35% | -0.02% |
| HDFC Bank Ltd. | 3.10% | 3.08% | -0.02% |
| Incred Financial Services Ltd. | 1.60% | 1.58% | -0.02% |
| JSW Kalinga Steel Ltd. | 1.66% | 1.64% | -0.02% |
| Muthoot Microfin Ltd. | 0.96% | 0.94% | -0.02% |
| Navi Finserv Private Ltd. | 2.56% | 2.54% | -0.02% |
| Nuvoco Vistas Corporation Ltd. | 1.43% | 1.41% | -0.02% |
| Small Industries Devp. Bank of India Ltd. | 2.12% | 2.10% | -0.02% |
| Telangana State | 0.98% | 0.96% | -0.02% |
| Adani Transmission Step-Two Ltd. | 0.64% | 0.63% | -0.01% |
| Bamboo Hotel And Global Centre (Delhi) Pvt Ltd. Class A | 1.48% | 1.47% | -0.01% |
| Godrej Properties Ltd. | 0.07% | 0.06% | -0.01% |
| Indostar Home Finance Pvt. Ltd. | 0.26% | 0.25% | -0.01% |
| Jubilant Beverages Ltd. | 0.89% | 0.88% | -0.01% |
| Karnataka State | 0.67% | 0.66% | -0.01% |
| Kosamattam Finance Ltd | 0.76% | 0.75% | -0.01% |
| Muthoot Mcred Ltd. | 0.32% | 0.31% | -0.01% |
| Vastu Finserve India Private Ltd. | 0.27% | 0.26% | -0.01% |
| Vedanta Ltd. | 0.33% | 0.32% | -0.01% |
| Veritas Finance Ltd. | 0.95% | 0.94% | -0.01% |
| Gaursons India Pvt. Ltd. | 2.55% | 2.54% | -0.01% |
| JTPM Metal Traders Ltd. | 0.69% | 0.69% | 0.00% |
| Jubilant Bevco Ltd. | 0.18% | 0.18% | 0.00% |
| Madhya Pradesh State | 0.33% | 0.33% | 0.00% |
| Others | 0.27% | 0.27% | 0.00% |
| Power Finance Corporation Ltd. | 0.64% | 0.64% | 0.00% |
| Suryapet Khammam Road Pvt. Ltd. | 0.44% | 0.44% | 0.00% |
| Trust Investment Advisors Pvt. Ltd. | 0.63% | 0.63% | 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% | 10.7% | 10.8% | 11.3% |
 ICICI Prudential Credit Risk Fund | ₹6,333 Cr | 1.43% | 7.3% | 8.2% | 7.9% |
 SBI Credit Risk Fund | ₹2,186 Cr | 1.54% | 7.9% | 7.8% | 7.7% |
 Aditya Birla Sun Life Credit Risk Fund | ₹1,600 Cr | 1.60% | 10.2% | 12.4% | 11.3% |
 DSP Credit Risk Fund | ₹310 Cr | 1.20% | 11.4% | 13.9% | 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 aims to generate optimal returns consistent with moderate levels of risk. It will invest atleast 65 per cent of its assets in debt instruments with maturity of more than 1 year and the rest in money market instruments (including cash or call money and reverse repo) and debentures with maturity of less than 1 year. The exposure in government securities will generally not exceed 50 percent of the assets.
Fund managers
- Amber SinghaniaMMS Finance (Mumbai University)Prior to joining the Nippon India AMC, he was associated with Asian Markets Securities Pvt. Ltd.
- Sushil Hari Prasad BudhiaMr. Budhia has done CAPrior to joining Nippon India Mutual Fund, he has worked with YES Bank as Senior President, Axis Bank and UTI Mutual Fund.
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 months3.83% absolute | ₹60,000 | ₹62,298 | 3.83% | |
| 1 year6.89% annualised | ₹1,20,000 | ₹1,24,574 | 3.81% | |
| 3 years8.03% annualised | ₹3,60,000 | ₹4,08,253 | 13.40% | |
| 5 years7.09% annualised | ₹6,00,000 | ₹7,21,839 | 20.31% |
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 Nippon India Credit Risk Fund?
The NAV of Nippon India Credit Risk Fund is ₹38.15 as on 24 Sep 2026.
What is the expense ratio of Nippon India Credit Risk Fund?
The expense ratio of Nippon India Credit Risk Fund is 1.39% per year.
What is the minimum SIP amount for Nippon India Credit Risk Fund?
You can start a SIP in Nippon India Credit Risk Fund with ₹3,000 a month.
What returns has Nippon India Credit Risk Fund given?
Nippon India Credit Risk Fund has returned 7.0% over 1 year, 7.9% over 3 years and 7.8% over 5 years (annualised).
Is there a lock-in or exit load on Nippon India Credit Risk Fund?
Lock-in: None. Exit load: Exit Load for units in excess of 25% of the investment,1% will be charged for redemption within 12 months..
How risky is Nippon India Credit Risk Fund?
Nippon India Credit Risk Fund is rated Moderately High on the SEBI riskometer and belongs to the Credit Risk category.
Which fund house manages Nippon India Credit Risk Fund?
Nippon India Credit Risk Fund is managed by Nippon India Mutual Fund, which runs 75 schemes with ₹7,67,506 Cr under management.