Nippon India Credit Risk Fund Direct Growth

Fund Overview

Fund Size

₹1,574 Cr

Expense Ratio

0.61%

ISIN

INF204K01A74

Minimum SIP

₹500

Exit Load

1.00%

Inception Date

01 Jan 2013

About this fund

Nippon India Credit Risk Fund Direct Growth is a Credit Risk mutual fund schemes offered by Nippon India Mutual Fund. This fund has been in existence for 13 years, 9 months and 2 days, having been launched on 01-Jan-13.
As of 01-Oct-26, it has a Net Asset Value (NAV) of ₹42.40, Assets Under Management (AUM) of 1573.76 Crores, and an expense ratio of 0.61%.

Nippon India Credit Risk Fund Direct Growth has given a CAGR return of 7.59% since inception.
The fund's asset allocation comprises around 0.00% in equities, 87.55% in debts, and 12.20% in cash & cash equivalents.
You can start investing in Nippon India Credit Risk Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.

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

+7.62%

+7.74% (Cat Avg.)

3 Years

+8.85%

+9.18% (Cat Avg.)

5 Years

+7.85%

+9.21% (Cat Avg.)

10 Years

+6.55%

+6.04% (Cat Avg.)

Since Inception

+7.59%

— (Cat Avg.)

Portfolio Summaryas of 15th September 2026

Debt	₹1,377.86 Cr	87.55%
Others	₹195.9 Cr	12.45%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Triparty Repo	Cash - Repurchase Agreement	₹131.45 Cr	7.74%
Triumph Composites Private Limited	Bond - Corporate Bond	₹79.58 Cr	4.68%
Prospera Healthcorp Private Limited	Bond - Corporate Bond	₹64.72 Cr	3.81%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹54.51 Cr	3.21%
Adani Airport Holdings Limited	Bond - Corporate Bond	₹54.34 Cr	3.20%
Delhi International Airport Limited	Bond - Corporate Bond	₹50.93 Cr	3.00%
Samriddhi Trust**	Bond - Asset Backed	₹50.65 Cr	2.98%
6.36% Govt Stock 2031	Bond - Gov't/Treasury	₹49.19 Cr	2.90%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹49.01 Cr	2.89%
Bank Of Baroda	Cash - CD/Time Deposit	₹48.8 Cr	2.87%
HDFC Bank Ltd.	Bond - Corporate Bond	₹48.62 Cr	2.86%
Muthoot Fincorp Limited	Bond - Corporate Bond	₹45.02 Cr	2.65%
Navi Finserv Limited	Bond - Corporate Bond	₹39.96 Cr	2.35%
GAursons India Private Limited	Bond - Corporate Bond	₹39.9 Cr	2.35%
Aditya Birla Real Estate Limited	Bond - Corporate Bond	₹39.87 Cr	2.35%
Vedanta Aluminium Metal Limited	Bond - Corporate Bond	₹35.28 Cr	2.08%
Hiranandani Financial Services Private Limited	Bond - Corporate Bond	₹35.11 Cr	2.07%
Small Industries Development Bank Of India	Cash - CD/Time Deposit	₹33.2 Cr	1.95%
GMR Airports Limited	Bond - Corporate Bond	₹32.82 Cr	1.93%
Auxilo Finserve Private Limited	Bond - Corporate Bond	₹32.01 Cr	1.88%
Mancherial Repallewada Road Limited	Bond - Corporate Bond	₹31.69 Cr	1.87%
TRuhome Finance Limited	Bond - Corporate Bond	₹30.28 Cr	1.78%
Net Current Assets	Cash	₹-30.24 Cr	1.78%
6.84% Rajasthan Sdl 2030	Bond - Gov't/Treasury	₹29.57 Cr	1.74%
Jsw Jfe Kalinga Steel Limited	Bond - Corporate Bond	₹25.92 Cr	1.53%
Rec Limited	Bond - Corporate Bond	₹25.6 Cr	1.51%
7.26% Govt Stock 2032	Bond - Gov't/Treasury	₹25.39 Cr	1.49%
7.02% Govt Stock 2031	Bond - Gov't/Treasury	₹25.21 Cr	1.48%
Andhra Pradesh State Beverages Corporation Limited	Bond - Corporate Bond	₹25.18 Cr	1.48%
Mindspace Business Parks Reit	Bond - Corporate Bond	₹25.1 Cr	1.48%
Vedanta Limited	Bond - Corporate Bond	₹25.08 Cr	1.48%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹25.06 Cr	1.47%
Adani Power Limited	Bond - Corporate Bond	₹24.96 Cr	1.47%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹24.9 Cr	1.47%
Incred Financial Services Limited	Bond - Corporate Bond	₹24.79 Cr	1.46%
5% Gmr Airports Limited**	Bond - Corporate Bond	₹24.76 Cr	1.46%
6.57% Tamilnadu SDL 2031	Bond - Gov't/Treasury	₹24.28 Cr	1.43%
Bamboo Hotel And Global Centre (Delhi) Private Limited	Bond - Corporate Bond	₹23.08 Cr	1.36%
Nuvoco Vistas Corporation Limited	Bond - Corporate Bond	₹22.2 Cr	1.31%
GMR Airports Limited	Bond - Corporate Bond	₹21.38 Cr	1.26%
7.32% Govt Stock 2030	Bond - Gov't/Treasury	₹20.39 Cr	1.20%
Torrent Power Limited	Bond - Corporate Bond	₹19.96 Cr	1.17%
Muthoot Mcred Limited	Bond - Corporate Bond	₹19.62 Cr	1.15%
7.65% Telangana Sdl 2032	Bond - Gov't/Treasury	₹15.04 Cr	0.89%
Muthoot Microfin Limited	Bond - Corporate Bond	₹14.86 Cr	0.87%
Veritas Finance Limited	Bond - Corporate Bond	₹14.82 Cr	0.87%
Jubilant Beverages Limited	Bond - Corporate Bond	₹13.97 Cr	0.82%
Kosamattam Finance Limited	Bond - Corporate Bond	₹11.83 Cr	0.70%
8.22% Karnataka Sdl 2031	Bond - Gov't/Treasury	₹10.31 Cr	0.61%
Power Finance Corporation Limited	Bond - Corporate Bond	₹10.02 Cr	0.59%
TRust Investment Advisors Private Limited	Cash - Commercial Paper	₹9.98 Cr	0.59%
Adani TRansmission Step-Two Limited	Bond - Corporate Bond	₹9.98 Cr	0.59%
Niwas Housing Finance Limited	Bond - Corporate Bond	₹8 Cr	0.47%
Suryapet Khammam Road Limited	Bond - Corporate Bond	₹6.89 Cr	0.41%
8.42% Madhyapradesh Sdl 2028	Bond - Gov't/Treasury	₹5.12 Cr	0.30%
7.17% Govt Stock 2030	Bond - Gov't/Treasury	₹5.08 Cr	0.30%
Vedanta Limited	Bond - Corporate Bond	₹5.05 Cr	0.30%
Vedanta Limited	Bond - Corporate Bond	₹5.04 Cr	0.30%
Muthoot Mcred Limited	Bond - Corporate Bond	₹4.88 Cr	0.29%
Corporate Debt Market Development Fund Class A2	Mutual Fund - Unspecified	₹4.24 Cr	0.25%
Vastu Finserve India Private Limited	Bond - Corporate Bond	₹4.14 Cr	0.24%
Niwas Housing Finance Limited	Bond - Corporate Bond	₹4 Cr	0.24%
Jubilant Bevco Limited	Bond - Corporate Bond	₹2.8 Cr	0.17%
Cash Margin - Ccil	Cash - Repurchase Agreement	₹2.01 Cr	0.12%
Godrej Properties Limited	Bond - Corporate Bond	₹1.01 Cr	0.06%
Telangana State Industrial Infrastructure Corporation Limited	Bond - Corporate Bond	₹0.51 Cr	0.03%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Corporate Bond	₹1,239.04 Cr	72.94%
Bond - Gov't/Treasury	₹209.58 Cr	12.34%
Cash - Repurchase Agreement	₹133.46 Cr	7.86%
Cash - CD/Time Deposit	₹82 Cr	4.83%
Bond - Asset Backed	₹50.65 Cr	2.98%
Cash	₹-30.24 Cr	1.78%
Cash - Commercial Paper	₹9.98 Cr	0.59%
Mutual Fund - Unspecified	₹4.24 Cr	0.25%

Risk & Performance Ratios

Fund Managers

Kinjal Desai

Since May 2018

Sushil Budhia

Since February 2020

Amber Singhania

Since March 2026

Additional Scheme Detailsas of 15th September 2026

ISIN

INF204K01A74

Expense Ratio

0.61%

Exit Load

1.00%

Fund Size

₹1,574 Cr

Age

13 years 9 months

Lumpsum Minimum

₹500

Fund Status

Open Ended Investment Company

Benchmark

CRISIL Credit Risk Debt 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:

Dividend Taxation:

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
HSBC Credit Risk Fund Direct Growth Moderately High risk	0.8%	1.0%	₹456.92 Cr	6.4%
ICICI Prudential Credit Risk Fund Direct Growth Very High Risk	0.8%	1.0%	₹6332.59 Cr	7.5%
Nippon India Credit Risk Fund Direct Growth Moderately High risk	0.6%	1.0%	₹1573.76 Cr	7.6%
Kotak Credit Risk Fund Direct Growth Moderate Risk	0.8%	1.0%	₹773.17 Cr	6.6%
HDFC Credit Risk Debt Fund Direct Growth High Risk	1.0%	1.0%	₹7665.78 Cr	6.9%
HDFC Credit Risk Debt Fund Regular Growth High Risk	1.5%	1.0%	₹7665.78 Cr	6.3%
HSBC Credit Risk Fund Regular Growth Moderately High risk	1.7%	1.0%	₹456.92 Cr	5.6%
ICICI Prudential Credit Risk Fund Regular Growth Very High Risk	1.4%	1.0%	₹6332.59 Cr	6.9%
Invesco India Credit Risk Fund Regular Growth Moderately High risk	1.5%	1.0%	₹167.01 Cr	6.3%
Invesco India Credit Risk Fund Direct Growth Moderately High risk	0.3%	1.0%	₹167.01 Cr	7.5%
UTI Credit Risk Fund Direct Growth Moderately High risk	1.0%	1.0%	₹249.38 Cr	6.3%
SBI Credit Risk Fund Direct Growth High Risk	0.9%	3.0%	₹2185.54 Cr	7.8%
Bank of India Credit Risk Fund Direct Growth Moderate Risk	0.6%	1.0%	₹68.71 Cr	17.2%
Bank of India Credit Risk Fund Regular Growth Moderate Risk	1.4%	1.0%	₹68.71 Cr	16.7%
DSP Credit Risk Fund Direct Growth Moderate Risk	0.4%	3.0%	₹309.74 Cr	10.8%
Axis Credit Risk Fund Direct Growth High Risk	0.8%	1.0%	₹394.58 Cr	7.8%
Axis Credit Risk Fund Regular Growth High Risk	1.6%	1.0%	₹394.58 Cr	7.0%
Kotak Credit Risk Fund Regular Growth Moderate Risk	1.7%	1.0%	₹773.17 Cr	5.6%
DSP Credit Risk Fund Regular Growth Moderate Risk	1.2%	3.0%	₹309.74 Cr	10.0%
SBI Credit Risk Fund Regular Growth High Risk	1.6%	3.0%	₹2185.54 Cr	7.1%
Nippon India Credit Risk Fund Regular Growth Moderately High risk	0.6%	1.0%	₹1573.76 Cr	6.8%
UTI Credit Risk Fund Regular Growth Moderately High risk	1.7%	1.0%	₹249.38 Cr	5.6%
Baroda BNP Paribas Credit Risk Fund Direct Growth Moderately High risk	0.7%	1.0%	₹177.69 Cr	7.0%
Baroda BNP Paribas Credit Risk Fund Regular Growth Moderately High risk	1.4%	1.0%	₹177.69 Cr	6.2%
Aditya BSL Credit Risk Fund Direct Growth Moderately High risk	0.8%	1.0%	₹1599.91 Cr	12.0%
Aditya BSL Credit Risk Fund Regular Growth Moderately High risk	1.6%	1.0%	₹1599.91 Cr	11.0%
Bandhan Credit Risk Fund Direct Growth Moderately High risk	0.7%	1.0%	₹224.01 Cr	5.6%
Bandhan Credit Risk Fund Regular Growth Moderately High risk	1.7%	1.0%	₹224.01 Cr	4.5%

About the AMC

Nippon India Mutual Fund

022-6808 7000/18602660111

https://mf.nipponindiaim.com/

Total AUM

₹8,21,272 Cr

Address

4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013

Other Funds by Nippon India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Nippon India Income Plus Arbitrage Omni Fund of Fund Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹363.84 Cr	-
Nippon India CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹534.71 Cr	-
Nippon India Nifty India Manufacturing Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹42.71 Cr	2.7%
Nippon India MNC Fund Direct Growth Very High Risk	1.3%	1.0%	₹435.28 Cr	-3.2%
Nippon India Income Plus Arbitrage Active Fund of Fund Direct Growth Moderate Risk	0.1%	0.0%	₹636.33 Cr	5.6%
Nippon India BSE Sensex Next 30 Index Fund Direct Growth Very High Risk	0.5%	0.0%	₹88.15 Cr	2.4%
Nippon India Nifty 500 Low Volatility 50 Index Fund Direct Growth Very High Risk	0.7%	0.0%	₹27.32 Cr	-5.9%
Nippon India Nifty 500 Quality 50 Index Fund Direct Growth Very High Risk	0.6%	0.0%	₹43.45 Cr	-3.6%
Nippon India Active Momentum Fund Direct Growth Very High Risk	1.2%	1.0%	₹565.46 Cr	6.4%
Nippon India Nifty Auto Index Fund Direct Growth Very High Risk	0.5%	0.0%	₹50.51 Cr	-4.3%
Nippon India Nifty Realty Index Fund Direct Growth Very High Risk	0.6%	0.0%	₹57.62 Cr	-4.8%
Nippon India CRISIL-IBX AAA Financial Services - Dec 2026 Index Fund Regular Growth Moderate Risk	0.1%	0.0%	₹126.28 Cr	6.7%
Nippon India CRISIL-IBX AAA Financial Services - Jan 2028 Index Fund Regular Growth Low to Moderate Risk	0.1%	0.0%	₹82.12 Cr	5.8%
Nippon India Nifty 500 Momentum 50 Index Fund Direct Growth Very High Risk	0.8%	0.0%	₹1326.49 Cr	3.3%
Nippon India Nifty 500 Equal Weight Index Fund Direct Growth Very High Risk	0.5%	0.0%	₹529.49 Cr	-0.5%
Nippon India Fixed Maturity Plan - XLVI - Series 5 - 1868 Days Direct Growth High Risk	-	0.0%	-	-
Nippon India Fixed Maturity Plan - XLVI - Series 2 - 366 Days Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Maturity Plan - XLVI - Series 3 - 368 Days Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Maturity Plan - XLVI - Series 2 - 367 Days Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Nifty IT Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹262.13 Cr	-15.0%
Nippon India Nifty Bank Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹232.22 Cr	-1.3%
Nippon India Fixed Maturity Plan - XLVI - Series 1 - 92 Days Direct Growth Moderately High risk	-	0.0%	-	-
Nippon India Innovation Fund Direct Growth Very High Risk	0.8%	1.0%	₹3107.75 Cr	-0.8%
Nippon India Fixed Horizon Fund - XLV - Series 2 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 1 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund - XLV - Series 3 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 7 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLI Series 6 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 5 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLI Series 7 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund - XLIII - Series 4 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 6 Direct Growth Moderate Risk	-	-	-	-
Nippon India Interval Fund Quarterly Series I Direct Growth Low Risk	-	0.0%	₹2.33 Cr	5.7%
Nippon India Fixed Horizon Fund XXXX Series 10 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLIV Series 4 Direct Growth Low Risk	-	-	₹51.85 Cr	6.2%
Nippon India Fixed Horizon Fund XLIV Series 3 Direct Growth Moderate Risk	-	-	-	-
Nippon India Interval Fund Annual Series I Direct Growth Low to Moderate Risk	-	0.0%	₹3.08 Cr	6.6%
Nippon India Fixed Horizon Fund XLIV Series 5 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund - XLIII - Series 1 Direct Growth Low Risk	-	0.0%	₹220.19 Cr	5.7%
Nippon India Fixed Horizon Fund XLIV Series 1 Direct Growth Low to Moderate Risk	-	0.0%	₹72.20 Cr	5.9%
Nippon India Fixed Horizon Fund - XLIII - Series 3 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLI Series 5 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 3 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLIII Series 5 Direct Growth Low to Moderate Risk	-	0.0%	₹188.63 Cr	5.5%
Nippon India Fixed Horizon Fund XXXIX Series 12 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund - XLIII - Series 2 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLI Series 3 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Capital Protection Oriented Fund II Plan A Direct Growth Low Risk	-	-	₹40.32 Cr	9.7%
Nippon India Interval Fund Quarterly Series III Direct Growth Low Risk	-	0.0%	₹2.74 Cr	5.8%

Risk Level

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Still got questions?
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What is the current NAV of Nippon India Credit Risk Fund Direct Growth?

The NAV of Nippon India Credit Risk Fund Direct Growth, as of 01-Oct-2026, is ₹42.40.

What are the returns of Nippon India Credit Risk Fund Direct Growth?

The fund has generated 7.62% over the last 1 year and 8.85% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Nippon India Credit Risk Fund Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 87.55% in bonds, and 12.20% in cash and cash equivalents.

Who manages the Nippon India Credit Risk Fund Direct Growth?

The fund managers responsible for Nippon India Credit Risk Fund Direct Growth are:-

Kinjal Desai
Sushil Budhia
Amber Singhania

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Nippon India Credit Risk Fund Direct Growth

Fund Overview