HSBC Credit Risk Fund Direct Growth
DebtCredit RiskModerately High risk
Direct
NAV (19-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹574 Cr
Expense Ratio
0.86%
ISIN
INF917K01UH8
Minimum SIP
₹1,000
Exit Load
3.00%
Inception Date
01 Jan 2013
About this fund
As of 19-Sep-24, it has a Net Asset Value (NAV) of ₹29.24, Assets Under Management (AUM) of 573.89 Crores, and an expense ratio of 0.86%.
- HSBC Credit Risk Fund Direct Growth has given a CAGR return of 9.07% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 85.20% in debts, and 14.54% in cash & cash equivalents.
- You can start investing in HSBC Credit Risk Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.87%
+8.20% (Cat Avg.)
3 Years
+6.68%
+9.40% (Cat Avg.)
5 Years
+6.51%
+6.47% (Cat Avg.)
10 Years
+7.11%
+6.17% (Cat Avg.)
Since Inception
+9.07%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Debt | ₹488.98 Cr | 85.20% |
| Others | ₹84.91 Cr | 14.80% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 7.18% Govt Stock 2033 | Bond - Gov't/Treasury | ₹61.33 Cr | 10.69% |
| 7.32% Govt Stock 2030 | Bond - Gov't/Treasury | ₹47.1 Cr | 8.21% |
| Godrej Housing Finance Limited | Bond - Corporate Bond | ₹32.1 Cr | 5.59% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹27.87 Cr | 4.86% |
| Nirma Limited | Bond - Corporate Bond | ₹26.27 Cr | 4.58% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹26.13 Cr | 4.55% |
| 7.1% Govt Stock 2029 | Bond - Gov't/Treasury | ₹25.96 Cr | 4.52% |
| JSW Steel Limited | Bond - Corporate Bond | ₹25.94 Cr | 4.52% |
| National Bank for Agriculture and Rural Development | Bond - Gov't Agency Debt | ₹25.7 Cr | 4.48% |
| Nuvoco Vistas Corporation Limited | Bond - Corporate Bond | ₹24.91 Cr | 4.34% |
| Vajra Trust | Bond - Asset Backed | ₹21.93 Cr | 3.82% |
| Jm Financial Services Limited | Bond - Corporate Bond | ₹21.36 Cr | 3.72% |
| Hinduja Leyland Finance Limited | Bond - Corporate Bond | ₹21.01 Cr | 3.66% |
| Tata Projects Limited | Bond - Corporate Bond | ₹20.14 Cr | 3.51% |
| TVS Credit Services Limited | Bond - Corporate Bond | ₹16.19 Cr | 2.82% |
| Phoenix Arc Private Limited | Bond - Corporate Bond | ₹16.01 Cr | 2.79% |
| 7.04% Govt Stock 2029 | Bond - Gov't/Treasury | ₹15.42 Cr | 2.69% |
| Century Textiles And Industried Limited | Bond - Corporate Bond | ₹15.26 Cr | 2.66% |
| Aadhar Housing Finance Ltd | Bond - Corporate Bond | ₹15.06 Cr | 2.62% |
| 7.1% Govt Stock 2034 | Bond - Gov't/Treasury | ₹10.45 Cr | 1.82% |
| Aadhar Housing Finance Limited | Bond - Corporate Bond | ₹10.23 Cr | 1.78% |
| Ongc Petro Additions Limited | Bond - Corporate Bond | ₹10.22 Cr | 1.78% |
| Ongc Petro Additions Limited | Bond - Corporate Bond | ₹10.22 Cr | 1.78% |
| Indostar Capital Finance Limited | Bond - Corporate Bond | ₹10.16 Cr | 1.77% |
| Godrej Industries Ltd. | Bond - Corporate Bond | ₹10.02 Cr | 1.75% |
| Oriental Nagpur Betul Highway Limited | Bond - Corporate Bond | ₹8.78 Cr | 1.53% |
| The Tata Power Company Limited | Bond - Corporate Bond | ₹5.32 Cr | 0.93% |
| Oriental Nagpur Betul Highway Limited | Bond - Corporate Bond | ₹5.19 Cr | 0.90% |
| Tata Projects Limited | Cash - Commercial Paper | ₹5.1 Cr | 0.89% |
| Treps | Cash - Repurchase Agreement | ₹3.17 Cr | 0.55% |
| Net Current Assets (Including Cash & Bank Balances) | Cash - Collateral | ₹-2.13 Cr | 0.37% |
| CDMDF CLASS A2 | Mutual Fund - Open End | ₹1.47 Cr | 0.26% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹358.4 Cr | 62.45% |
| Bond - Gov't/Treasury | ₹160.25 Cr | 27.92% |
| Bond - Gov't Agency Debt | ₹25.7 Cr | 4.48% |
| Bond - Asset Backed | ₹21.93 Cr | 3.82% |
| Cash - Commercial Paper | ₹5.1 Cr | 0.89% |
| Cash - Repurchase Agreement | ₹3.17 Cr | 0.55% |
| Cash - Collateral | ₹-2.13 Cr | 0.37% |
| Mutual Fund - Open End | ₹1.47 Cr | 0.26% |
Risk & Performance Ratios
Standard Deviation
This fund
1.23%
Cat. avg.
7.69%
Lower the better
Sharpe Ratio
This fund
0.53
Cat. avg.
0.24
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
6.38
Higher the better
Fund Managers
Kapil Punjabi
Since November 2022
Shriram Ramanathan
Since November 2012
Additional Scheme Detailsas of 31st August 2024
ISIN | INF917K01UH8 | Expense Ratio | 0.86% | Exit Load | 3.00% | Fund Size | ₹574 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | Nifty Credit Risk Bond B-II TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Credit Risk Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Bandhan Credit Risk Fund Regular Growth Moderately High risk | 1.7% | 1.0% | ₹330.45 Cr | 7.1% |
| Bandhan Credit Risk Fund Direct Growth Moderately High risk | 0.7% | 1.0% | ₹330.45 Cr | 8.1% |
| Aditya BSL Credit Risk Fund Regular Growth Moderately High risk | 1.5% | 3.0% | ₹916.03 Cr | 8.8% |
| Aditya BSL Credit Risk Fund Direct Growth Moderately High risk | 0.7% | 3.0% | ₹916.03 Cr | 9.8% |
| Baroda BNP Paribas Credit Risk Fund Regular Growth Moderately High risk | 1.6% | 1.0% | ₹170.07 Cr | 8.2% |
| Baroda BNP Paribas Credit Risk Fund Direct Growth Moderately High risk | 0.8% | 1.0% | ₹170.07 Cr | 9.1% |
| UTI Credit Risk Fund Regular Growth Moderately High risk | 1.6% | 1.0% | ₹343.15 Cr | 7.7% |
| Nippon India Credit Risk Fund Regular Growth High Risk | 1.4% | 1.0% | ₹1030.04 Cr | 8.0% |
| SBI Credit Risk Fund Regular Growth High Risk | 1.6% | 3.0% | ₹2363.06 Cr | 7.8% |
| DSP Credit Risk Fund Regular Growth Moderately High risk | 1.2% | 1.0% | ₹191.36 Cr | 16.0% |
About the AMC
Total AUM
₹1,21,564 Cr
Address
16, V N Road, Mumbai, 400 001
Other Funds by HSBC Mutual Fund
Risk Level
Your principal amount will be at Moderately High risk
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What is the current NAV of HSBC Credit Risk Fund Direct Growth?
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Who manages the HSBC Credit Risk Fund Direct Growth?
- Kapil Punjabi
- Shriram Ramanathan
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
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