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Nippon India Credit Risk Fund Direct Growth
DebtCredit RiskModerately High risk
Direct
NAV (16-Oct-26)
₹42.41-0.02%1D
Returns (Since Inception)
7.57%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹1,708 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 16 days, having been launched on 01-Jan-13.
As of 16-Oct-26, it has a Net Asset Value (NAV) of ₹42.41, Assets Under Management (AUM) of 1707.58 Crores, and an expense ratio of 0.61%.
As of 16-Oct-26, it has a Net Asset Value (NAV) of ₹42.41, Assets Under Management (AUM) of 1707.58 Crores, and an expense ratio of 0.61%.
- Nippon India Credit Risk Fund Direct Growth has given a CAGR return of 7.57% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 89.30% in debts, and 10.45% 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
+7.12%
+7.41% (Cat Avg.)
3 Years
+8.76%
+9.15% (Cat Avg.)
5 Years
+7.84%
+9.18% (Cat Avg.)
10 Years
+6.48%
+5.99% (Cat Avg.)
Since Inception
+7.57%
— (Cat Avg.)
Portfolio Summaryas of 30th September 2026
| Debt | ₹1,524.83 Cr | 89.30% |
| Others | ₹182.75 Cr | 10.70% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Triumph Composites Private Limited | Bond - Corporate Bond | ₹79.39 Cr | 4.65% |
| Triparty Repo | Cash - Repurchase Agreement | ₹69.09 Cr | 4.05% |
| Samriddhi Trust** | Bond - Asset Backed | ₹67.52 Cr | 3.95% |
| Prospera Healthcorp Private Limited | Bond - Corporate Bond | ₹64.5 Cr | 3.78% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹54.45 Cr | 3.19% |
| Adani Airport Holdings Limited | Bond - Corporate Bond | ₹54.44 Cr | 3.19% |
| Delhi International Airport Limited | Bond - Corporate Bond | ₹50.9 Cr | 2.98% |
| 6.36% Govt Stock 2031 | Bond - Gov't/Treasury | ₹49.05 Cr | 2.87% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹48.95 Cr | 2.87% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹48.94 Cr | 2.87% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹48.76 Cr | 2.86% |
| Muthoot Fincorp Limited | Bond - Corporate Bond | ₹45.06 Cr | 2.64% |
| Navi Finserv Limited | Bond - Corporate Bond | ₹40.02 Cr | 2.34% |
| GAursons India Private Limited | Bond - Corporate Bond | ₹39.93 Cr | 2.34% |
| Aditya Birla Real Estate Limited | Bond - Corporate Bond | ₹39.74 Cr | 2.33% |
| Vedanta Aluminium Metal Limited | Bond - Corporate Bond | ₹35.26 Cr | 2.06% |
| Hiranandani Financial Services Private Limited | Bond - Corporate Bond | ₹35.08 Cr | 2.05% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹33.28 Cr | 1.95% |
| GMR Airports Limited | Bond - Corporate Bond | ₹32.93 Cr | 1.93% |
| Auxilo Finserve Private Limited | Bond - Corporate Bond | ₹32.07 Cr | 1.88% |
| TRuhome Finance Limited | Bond - Corporate Bond | ₹30.27 Cr | 1.77% |
| 6.84% Rajasthan Sdl 2030 | Bond - Gov't/Treasury | ₹29.48 Cr | 1.73% |
| Mancherial Repallewada Road Limited | Bond - Corporate Bond | ₹28.62 Cr | 1.68% |
| Jsw Jfe Kalinga Steel Limited | Bond - Corporate Bond | ₹26.01 Cr | 1.52% |
| Rec Limited | Bond - Corporate Bond | ₹25.57 Cr | 1.50% |
| 7.26% Govt Stock 2032 | Bond - Gov't/Treasury | ₹25.23 Cr | 1.48% |
| Andhra Pradesh State Beverages Corporation Limited | Bond - Corporate Bond | ₹25.22 Cr | 1.48% |
| Vedanta Limited | Bond - Corporate Bond | ₹25.11 Cr | 1.47% |
| 7.02% Govt Stock 2031 | Bond - Gov't/Treasury | ₹25.11 Cr | 1.47% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹25.04 Cr | 1.47% |
| Mindspace Business Parks Reit | Bond - Corporate Bond | ₹25.01 Cr | 1.46% |
| Adani Power Limited | Bond - Corporate Bond | ₹24.9 Cr | 1.46% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹24.85 Cr | 1.46% |
| 5% Gmr Airports Limited** | Bond - Corporate Bond | ₹24.85 Cr | 1.46% |
| Incred Financial Services Limited | Bond - Corporate Bond | ₹24.77 Cr | 1.45% |
| 10.1% Muthoot Housing Finance Co Ltd** | Bond - Corporate Bond | ₹24.67 Cr | 1.44% |
| 6.57% Tamilnadu SDL 2031 | Bond - Gov't/Treasury | ₹24.23 Cr | 1.42% |
| Bamboo Hotel And Global Centre (Delhi) Private Limited | Bond - Corporate Bond | ₹23.07 Cr | 1.35% |
| Net Current Assets | Cash | ₹22.75 Cr | 1.33% |
| Nuvoco Vistas Corporation Limited | Bond - Corporate Bond | ₹22.17 Cr | 1.30% |
| GMR Airports Limited | Bond - Corporate Bond | ₹21.44 Cr | 1.26% |
| 7.32% Govt Stock 2030 | Bond - Gov't/Treasury | ₹20.31 Cr | 1.19% |
| Torrent Power Limited | Bond - Corporate Bond | ₹19.87 Cr | 1.16% |
| Muthoot Mcred Limited | Bond - Corporate Bond | ₹19.63 Cr | 1.15% |
| 7.65% Telangana Sdl 2032 | Bond - Gov't/Treasury | ₹14.98 Cr | 0.88% |
| Veritas Finance Limited | Bond - Corporate Bond | ₹14.89 Cr | 0.87% |
| Muthoot Microfin Limited | Bond - Corporate Bond | ₹14.84 Cr | 0.87% |
| Jubilant Beverages Limited | Bond - Corporate Bond | ₹14 Cr | 0.82% |
| Kosamattam Finance Limited | Bond - Corporate Bond | ₹11.82 Cr | 0.69% |
| 8.22% Karnataka Sdl 2031 | Bond - Gov't/Treasury | ₹10.28 Cr | 0.60% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹10.02 Cr | 0.59% |
| Adani TRansmission Step-Two Limited | Bond - Corporate Bond | ₹9.98 Cr | 0.58% |
| Suryapet Khammam Road Limited | Bond - Corporate Bond | ₹6.87 Cr | 0.40% |
| 8.42% Madhyapradesh Sdl 2028 | Bond - Gov't/Treasury | ₹5.1 Cr | 0.30% |
| Vedanta Limited | Bond - Corporate Bond | ₹5.06 Cr | 0.30% |
| 7.17% Govt Stock 2030 | Bond - Gov't/Treasury | ₹5.05 Cr | 0.30% |
| Vedanta Limited | Bond - Corporate Bond | ₹5.04 Cr | 0.30% |
| Muthoot Mcred Limited | Bond - Corporate Bond | ₹4.89 Cr | 0.29% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Unspecified | ₹4.25 Cr | 0.25% |
| Vastu Finserve India Private Limited | Bond - Corporate Bond | ₹4.2 Cr | 0.25% |
| Niwas Housing Finance Limited | Bond - Corporate Bond | ₹4 Cr | 0.23% |
| Jubilant Bevco Limited | Bond - Corporate Bond | ₹2.81 Cr | 0.16% |
| Godrej Properties Limited | Bond - Corporate Bond | ₹1 Cr | 0.06% |
| Telangana State Industrial Infrastructure Corporation Limited | Bond - Corporate Bond | ₹0.51 Cr | 0.03% |
| Cash Margin - Ccil | Cash - Repurchase Agreement | ₹0.43 Cr | 0.03% |
Allocation By Credit Quality (Debt)
AAA
AA
A
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹1,252.5 Cr | 73.35% |
| Bond - Gov't/Treasury | ₹208.81 Cr | 12.23% |
| Cash - CD/Time Deposit | ₹82.22 Cr | 4.82% |
| Cash - Repurchase Agreement | ₹69.52 Cr | 4.07% |
| Bond - Asset Backed | ₹67.52 Cr | 3.95% |
| Cash | ₹22.75 Cr | 1.33% |
| Mutual Fund - Unspecified | ₹4.25 Cr | 0.25% |
| Cash - Commercial Paper | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
1.04%
Cat. avg.
2.97%
Lower the better
Sharpe Ratio
This fund
2.24
Cat. avg.
1.14
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
4.63
Higher the better
Fund Managers
Additional Scheme Detailsas of 30th September 2026
ISIN INF204K01A74 | Expense Ratio 0.61% | Exit Load 1.00% | Fund Size ₹1,708 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% | ₹441.18 Cr | 6.0% |
| ICICI Prudential Credit Risk Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹6320.29 Cr | 7.1% |
| Nippon India Credit Risk Fund Direct Growth Moderately High risk | 0.6% | 1.0% | ₹1707.58 Cr | 7.1% |
| Kotak Credit Risk Fund Direct Growth Moderate Risk | 0.8% | 1.0% | ₹769.05 Cr | 6.2% |
| HDFC Credit Risk Debt Fund Direct Growth High Risk | 1.0% | 1.0% | ₹7630.51 Cr | 6.4% |
| HDFC Credit Risk Debt Fund Regular Growth High Risk | 1.5% | 1.0% | ₹7630.51 Cr | 5.8% |
| HSBC Credit Risk Fund Regular Growth Moderately High risk | 1.7% | 1.0% | ₹441.18 Cr | 5.2% |
| ICICI Prudential Credit Risk Fund Regular Growth Very High Risk | 1.4% | 1.0% | ₹6320.29 Cr | 6.4% |
| Invesco India Credit Risk Fund Regular Growth Moderately High risk | 1.5% | 1.0% | ₹167.37 Cr | 5.8% |
| Invesco India Credit Risk Fund Direct Growth Moderately High risk | 0.3% | 1.0% | ₹167.37 Cr | 7.1% |
| UTI Credit Risk Fund Direct Growth Moderately High risk | 1.0% | 1.0% | ₹241.47 Cr | 5.8% |
| SBI Credit Risk Fund Direct Growth High Risk | 0.9% | 3.0% | ₹2182.18 Cr | 7.3% |
| Bank of India Credit Risk Fund Direct Growth Moderately High risk | 0.6% | 1.0% | ₹74.33 Cr | 17.1% |
| Bank of India Credit Risk Fund Regular Growth Moderately High risk | 1.4% | 1.0% | ₹74.33 Cr | 16.7% |
| DSP Credit Risk Fund Direct Growth Moderate Risk | 0.4% | 3.0% | ₹325.92 Cr | 10.4% |
| Axis Credit Risk Fund Direct Growth High Risk | 0.8% | 1.0% | ₹378.33 Cr | 7.4% |
| Axis Credit Risk Fund Regular Growth High Risk | 1.6% | 1.0% | ₹378.33 Cr | 6.6% |
| Kotak Credit Risk Fund Regular Growth Moderate Risk | 1.7% | 1.0% | ₹769.05 Cr | 5.2% |
| DSP Credit Risk Fund Regular Growth Moderate Risk | 1.2% | 3.0% | ₹325.92 Cr | 9.6% |
| SBI Credit Risk Fund Regular Growth High Risk | 1.6% | 3.0% | ₹2182.18 Cr | 6.6% |
| Nippon India Credit Risk Fund Regular Growth Moderately High risk | 0.6% | 1.0% | ₹1707.58 Cr | 6.3% |
| UTI Credit Risk Fund Regular Growth Moderately High risk | 1.7% | 1.0% | ₹241.47 Cr | 5.1% |
| 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% | ₹1657.06 Cr | 11.4% |
| Aditya BSL Credit Risk Fund Regular Growth Moderately High risk | 1.6% | 1.0% | ₹1657.06 Cr | 10.5% |
| Bandhan Credit Risk Fund Direct Growth Moderately High risk | 0.7% | 1.0% | ₹220.84 Cr | 5.1% |
| Bandhan Credit Risk Fund Regular Growth Moderately High risk | 1.7% | 1.0% | ₹220.84 Cr | 4.0% |
About the AMC
Nippon India Mutual Fund
Total AUM
₹8,21,272 Cr
Address
4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013
Other Funds by Nippon India Mutual Fund
Risk Level
Your principal amount will be at Moderately High risk
Take control of your wealth
Related Articles
Still got questions?
We're here to help.
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 16-Oct-2026, is ₹42.41.
What are the returns of Nippon India Credit Risk Fund Direct Growth?
The fund has generated 7.12% over the last 1 year and 8.76% 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, 89.30% in bonds, and 10.45% 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
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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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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Pvt. Ltd. is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
