Axis Credit Risk Fund is a Credit Risk fund run by Axis Mutual Fund. On 30-09-2026, it managed ₹378 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 8.6% a year and its Regular plan returned 7.8% a year.
NAV (Direct plan)
₹26.47
▲ 0.06% · 30-10-2026
NAV (Regular plan)
₹23.43
▲ 0.06% · 30-10-2026
Expense ratio
0.82%Direct1.57%Regular
0.82%
A year
Riskometer
High
Set by the fund house
3 year return
8.6%Direct7.8%Regular
8.6%
A year
Axis Credit Risk Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹26.47 (up 0.06% that day); Regular Plan Growth ₹23.43 (up 0.06% that day).
This fund (Direct plan)
₹26.4682
Axis Credit Risk Fund Returns vs Credit Risk Funds
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
+0.03%
+0.88%
+3.85%
+7.24%
+8.61%
+7.61%
+7.60%
This fund (Regular)
−0.03%
+0.68%
+3.45%
+6.42%
+7.80%
+6.76%
+6.54%
Credit Risk average
−0.04%
+0.78%
+3.31%
+7.84%
+9.41%
+9.83%
+6.82%
Best in Credit Risk
+0.23%
+1.32%
+3.89%
+16.97%
+13.69%
+27.83%
+9.17%
Worst in Credit Risk
−0.17%
+0.35%
+2.76%
+5.00%
+7.09%
+6.26%
+2.38%
Rank in Credit Risk
3/13
3/13
2/13
4/13
8/13
8/12
6/11
Category rows compare the Direct plans of 13 Credit Risk funds. Rank 1 is the highest return. This fund's benchmark is CRISIL Credit Risk Debt B-II Index. Returns of that index are not available to us, so the category average is the comparison.
Axis Credit Risk Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+5.91%
+5.24%
2025
+9.58%
+8.75%
2024
+8.84%
+8.05%
2023
+7.90%
+7.01%
2022
+4.91%
+4.02%
2021
+7.02%
+5.98%
Axis Credit Risk Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,252 periods, one for each trading day from 21-07-2017 to 30-10-2026.
0%2%4%6%8%10%12%
Axis Credit Risk Fund (Direct)
Category average, 13 Credit Risk funds
Apr 2015 to Apr 2018Nov 2016 to Nov 2019Jun 2018 to Jun 2021Jan 2020 to Jan 2023Aug 2021 to Aug 2024Jan 2023 to Jan 2026
Axis Credit Risk Fund (Direct)Category average, 13 Credit Risk funds
0%
0%
Below 0%
0%
18%
0-5%
96%
77%
5-10%
4%
5%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
2,735
8.4%
3.6%
12.4%
0%
8.6%
41%
2 years
2,494
7.9%
5.5%
11.4%
0%
7.6%
34%
3 years
2,252
7.4%
6.3%
10.8%
0%
7.6%
48%
5 years
1,769
7.7%
6.6%
8.7%
0%
6.3%
76%
7 years
1,285
7.6%
6.9%
8.8%
0%
6.7%
100%
10 years
561
7.9%
7.6%
8.2%
0%
7.5%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
136
8.4%
1.8%
13.8%
0%
8.6%
41%
2 years
124
8.0%
4.3%
12.0%
0%
8.0%
30%
3 years
112
7.8%
5.5%
10.4%
0%
7.3%
38%
5 years
88
7.5%
6.6%
8.6%
0%
6.2%
59%
7 years
64
7.5%
6.9%
8.2%
0%
6.6%
70%
10 years
28
7.7%
7.5%
7.9%
0%
7.7%
79%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 13 Credit Risk funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
Axis Credit Risk Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Axis Credit Risk Fund (Direct)This fund
Category average
Return (CAGR)
+7.24%
+7.84%
Standard deviation
1.19%
1.21%
Sharpe ratio
1.68
2.14
Sortino ratio
2.38
3.69
Maximum drawdown
−0.42%
(23-03-2026)
−0.36%
(23-10-2026)
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Axis Credit Risk Fund (Direct)This fund
Category average
Return (CAGR)
+8.61%
+9.43%
Standard deviation
0.91%
1.13%
Sharpe ratio
2.86
3.03
Sortino ratio
4.38
6.53
Maximum drawdown
−0.42%
(23-03-2026)
−0.36%
(23-10-2026)
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Axis Credit Risk Fund (Direct)This fund
Category average
Return (CAGR)
+7.61%
+8.38%
Standard deviation
0.87%
1.12%
Sharpe ratio
2.07
2.30
Sortino ratio
2.94
4.39
Maximum drawdown
−0.94%
(06-05-2022)
−1.1%
(06-05-2022)
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Axis Credit Risk Fund (Direct)This fund
Category average
Return (CAGR)
+7.60%
+7.15%
Standard deviation
1.63%
1.58%
Sharpe ratio
1.35
1.11
Sortino ratio
1.65
1.54
Maximum drawdown
−3.5%
(04-06-2019)
−3.7%
(24-03-2020)
From daily NAVs, 28-10-2016 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Axis Credit Risk Fund (Direct)This fund
Category average
Return (CAGR)
+8.21%
+7.89%
Standard deviation
1.54%
1.47%
Sharpe ratio
1.59
1.45
Sortino ratio
1.99
2.04
Maximum drawdown
−3.5%
(04-06-2019)
−3.7%
(24-03-2020)
From daily NAVs, 21-07-2014 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
−4%−3%−2%−1%0%
Axis Credit Risk Fund (Direct)
Category average, 13 Credit Risk funds
201520172019202120232025
Axis Credit Risk Fund (Direct)Category average, 13 Credit Risk funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Axis Credit Risk Fund (Direct)
−3.5%
31-05-2019
04-06-2019
23-10-2019
5 months
−0.09%
Category average
−3.7%
14-02-2020
24-03-2020
30-07-2020
4 months
−0.13%
From the Direct plan's daily NAV since 21-07-2014, adjusted for unit splits, and the average of the 13 Credit Risk funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Axis Credit Risk Fund vs Other Credit Risk Funds
The five Credit Risk funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Axis Credit Risk Fund Expense Ratio and Costs
What each plan charges a year, in force from 22-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Credit Risk median
Cost rank (1 = cheapest)
Direct
0.68%
0.01%
0.00%
0.13%
0.82%
0.80%
10/13
Regular
1.35%
0.01%
0.00%
0.21%
1.57%
1.51%
9/13
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Credit Risk funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
6.42%
7.24%
0.82%
₹1,06,420
₹1,07,240
3 years
7.80%
8.61%
0.81% a year
₹1,25,273
₹1,28,118
5 years
6.76%
7.61%
0.85% a year
₹1,38,689
₹1,44,299
10 years
6.54%
7.60%
1.06% a year
₹1,88,420
₹2,08,028
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Axis Credit Risk Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 21-07-2014 to 30-10-2026: 148 instalments, ₹14,80,000 in all.
Direct planAxis Credit Risk Fund (Direct)Regular planAxis Credit Risk Fund (Regular)Category averageCategory average, 13 Credit Risk fundsAmount invested
From each plan's published NAV (Growth option) and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis Credit Risk Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
86.2%Debt
Asset
Fund
Category
Debt
86.2%
79.5%
Cash and others
13.8%
20.5%
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 13 Credit Risk funds.
Rating
Fund
Category
Sovereign
4.9%
9.3%
AAA and A1+
6.4%
8.9%
AA
67.6%
56.7%
A and below
7.4%
4.6%
Axis Credit Risk Fund Portfolio Holdings
As on 30-09-2026 · 46 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
Jubilant Bevco Limited (31/05/2028) (ZCB) · Bond
CRISIL AA
4.46%
JTPM Metal Traders Limited (29/09/2028) (ZCB) · Bond
CRISIL AA
4.28%
8.8% Aditya Birla Digital Fashion Ventures Limited (26/08/2027) · Bond
CRISIL AA-
3.95%
8.4% Narayana Hrudayalaya Limited (15/02/2030) · Bond
ICRA AA
3.95%
6.94% Government of India (11/05/2036) · Government security
Sovereign
3.90%
7.45% Altius Telecom Infrastructure Trust (20/04/2035) · Bond
CRISIL AAA
3.84%
7.68% Godrej Seeds & Genetics Limited (27/10/2028) · Bond
CRISIL AA
3.25%
9.40% Vedanta Aluminium Metal Limited (20/02/2027) · Bond
ICRA AA+
3.18%
8.45% Adani Airport Holdings Limited (12/02/2029) · Bond
CRISIL AA-
3.14%
5% GMR Airports Limited (13/02/2027) · Bond
CRISIL AA-
2.81%
JSW Kalinga Steel Limited (23/03/2029) (ZCB) · Bond
CRISIL AA
2.75%
9.5% Delhi International Airport Limited (22/03/2034) · Bond
ICRA AA
2.69%
Bamboo Hotel And Global Centre (Delhi) Private limited (31/01/2028) · Bond
ICRA A+(CE)
2.65%
Aadhar Housing Fin FRN 3MTBIL+2.5% Aadhar Housing Finance Limited (03/08/2029) (FRN) · Bond
ICRA AA+
2.65%
8.58% GMR Hyderabad International Airport Limited (28/03/2034) · Bond
ICRA AA+
2.64%
10.5% Navi Finserv Limited (01/06/2028) · Bond
CRISIL A
2.64%
8.20% Adani Power Limited (25/01/2029) · Bond
CRISIL AA
2.63%
8.8% 360 One Prime Limited (22/06/2028) · Bond
ICRA AA
2.63%
9.5% Kogta Financial (India) Limited (30/10/2027) · Bond
CARE AA-
2.62%
8.85% Veritas Finance Private Limited (19/09/2029) · Bond
CARE AA-
2.61%
7.96% Lodha Developers Limited (07/07/2028) · Bond
ICRA AA
2.12%
9.01% Hiranandani Financial Services Private Limited (30/03/2029) · Bond
CARE A+
2.09%
5% GMR Airports Limited (13/08/2028) · Bond
CRISIL AA-
1.98%
9.4% IKF Finance Limited (12/08/2027) · Bond
CARE AA-
1.76%
Radhakrishna Securitisation Trust (28/09/2028)
CRISIL AAA(SO)
1.76%
Capital Infra Trust
Construction
1.72%
8.95% Aptus Finance India Private Limited (06/03/2029) · Bond
CARE AA
1.65%
Raajmarg Infra Investment Trust
Transport Infrastructure
1.58%
9.5% Keystone Realtors Limited (29/09/2028) · Bond
ICRA AA-
1.57%
Jubilant Beverages Limited (31/05/2028) (ZCB) · Bond
CRISIL AA
1.48%
8.75% Aptus Value Housing Finance India Limited (11/03/2030) · Bond
CARE AA
1.48%
Cube Highways Trust-InvIT Fund
Transport Infrastructure
1.46%
Indus Infra Trust
Transport Infrastructure
1.42%
360 One Prime Limited (25/07/2028) (FRN) · Bond
ICRA AA
1.33%
9.31% Vedanta Limited (03/12/2027) · Bond
CRISIL AA+
1.33%
8.60% Aditya Birla Renewables Limited (24/09/2027) · Bond
CRISIL AA
1.32%
9% IKF Finance Limited (12/09/2028) · Bond
CARE AA-
1.32%
IndiGrid Infrastructure Trust
Power
1.13%
Knowledge Realty Trust
Realty
0.97%
Shivshakti Securitisation Trust (28/09/2029)
CRISIL AAA(SO)
0.76%
7.18% Government of India (14/08/2033) · Government security
Sovereign
0.53%
SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2
0.49%
7.18% Tamilnadu State Development Loans (27/08/2036) · State government security
Sovereign
0.35%
Embassy Office Parks REIT
Realty
0.18%
Citius Transnet Investment Trust
Transport Infrastructure
0.16%
7.26% Government of India (06/02/2033) · Government security
Sovereign
0.13%
Axis Credit Risk Fund Portfolio Overlap
Funds with the most similar portfolios, across every fund house and category
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Axis Credit Risk Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.82%
Expense ratio (Regular)
1.57%
Category
Credit Risk
Risk
High
Benchmark
CRISIL Credit Risk Debt B-II Index
Launch date
15-07-2014
Minimum investment
₹5,000
Minimum additional investment
₹100
AUM
₹378.33 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
130314
ISIN (Direct)
INF846K01PJ5
Scheme code (Regular)
130309
ISIN (Regular)
INF846K01PO5
NAV history
From 21-07-2014, 12.3 years
Exit load
Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months.
Tax on Axis Credit Risk Fund returns
Axis Credit Risk Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹26.4682
30-10-2026
direct
Monthly IDCW
₹10.1334
30-10-2026
direct
Weekly IDCW
₹10.2868
30-10-2026
regular
Growth
₹23.4261
30-10-2026
regular
Monthly IDCW
₹10.082
30-10-2026
regular
Weekly IDCW
₹10.1551
30-10-2026
About Axis Credit Risk Fund
Axis Credit Risk Fund is a mutual fund from Axis Mutual Fund. Its category is Credit Risk. It was launched on 15-07-2014. Its benchmark is CRISIL Credit Risk Debt B-II Index. At the end of September 2026 it held 46 securities.
Fund Manager
Devang Shah
Fund manager of Axis Credit Risk Fund, since 15-07-2014
Akhil Thakker
Fund manager of Axis Credit Risk Fund, since 09-11-2021
Frequently Asked Questions for Axis Credit Risk Fund
What is the current NAV of Axis Credit Risk Fund?
The Direct plan NAV is ₹26.4682. The Regular plan NAV is ₹23.4261, as on 30-10-2026.
What are the returns of Axis Credit Risk Fund?
The Direct plan returned +7.24% in 1 year, +8.61% a year over 3 years, +7.61% a year over 5 years. The Regular plan returned +6.42% in 1 year, +7.80% a year over 3 years, +6.76% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Axis Credit Risk Fund?
The Direct plan charges 0.82% a year. The Regular plan charges 1.57% a year. This is the figure the fund house reported to AMFI, in force from 22-10-2026.
What is the AUM of Axis Credit Risk Fund?
Axis Credit Risk Fund managed ₹378.33 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Axis Credit Risk Fund?
At the end of September 2026 the largest holdings were Jubilant Bevco Limited (31/05/2028) (ZCB) (4.46%), JTPM Metal Traders Limited (29/09/2028) (ZCB) (4.28%), 8.8% Aditya Birla Digital Fashion Ventures Limited (26/08/2027) (3.95%), 8.4% Narayana Hrudayalaya Limited (15/02/2030) (3.95%), 6.94% Government of India (11/05/2036) (3.90%). The fund held 46 securities in all.
How do I invest in Axis Credit Risk Fund?
Through Axis Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.
Who is the fund manager of Axis Credit Risk Fund?
Devang Shah (since 15-07-2014), Akhil Thakker (since 09-11-2021).
What is the exit load of Axis Credit Risk Fund?
Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months.
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
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