Bandhan Credit Risk Fund

Credit RiskDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Bandhan Credit Risk Fund is a Credit Risk fund run by Bandhan Mutual Fund. On 30-09-2026, it managed ₹221 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.1% a year and its Regular plan returned 6.0% a year. Its benchmark, NIFTY Credit Risk Bond Index B-II, returned 6.5% a year over the same 3 years.

NAV (Direct plan): ₹19.06; ▲ 0.01%30-10-2026
NAV (Regular plan): ₹17.32; ▲ 0.01%30-10-2026
Expense ratio: 0.66%Direct1.67%Regular; 0.66%; A year
Riskometer: Moderate; Set by the fund house
3 year return: 7.1%Direct6.0%Regular; 7.1%; A year

Bandhan Credit Risk Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹19.06 (up 0.01% that day); Regular Plan Growth ₹17.32 (up 0.01% that day).

This fund (Direct plan)

₹19.0588

Bandhan Credit Risk Fund Returns vs NIFTY Credit Risk Bond Index B-II

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)	−0.10%	+0.42%	+2.76%	+5.00%	+7.09%	+6.26%	--
This fund (Regular)	−0.19%	+0.16%	+2.24%	+3.94%	+6.02%	+5.23%	--
NIFTY Credit Risk Bond Index B-II	+0.07%	+0.12%	+1.91%	+3.85%	+6.52%	+6.74%	--
Credit Risk average	−0.04%	+0.78%	+3.31%	+7.84%	+9.41%	+9.83%	--
Best in Credit Risk	+0.23%	+1.32%	+3.89%	+16.97%	+13.69%	+27.83%	--
Worst in Credit Risk	−0.17%	+0.35%	+2.76%	+5.00%	+7.09%	+6.26%	--
Rank in Credit Risk	10/13	12/13	13/13	13/13	13/13	12/12	--

Category rows compare the Direct plans of 13 Credit Risk funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

Bandhan Credit Risk Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+4.08%	+3.21%
2025	+7.30%	+6.22%
2024	+8.45%	+7.37%
2023	+6.79%	+5.78%
2022	+4.03%	+3.05%
2021	+4.99%	+3.97%

Bandhan 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 1,618 periods, one for each trading day from 06-03-2020 to 30-10-2026.

0%2%4%6%8%10%12%

Sept 2017
to
Sept 2020Nov 2018
to
Nov 2021Dec 2019
to
Dec 2022Feb 2021
to
Feb 2024Mar 2022
to
Mar 2025Apr 2023
to
Apr 2026

Bandhan Credit Risk Fund (Direct)Category average, 13 Credit Risk funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	2,103	7.0%	2.6%	11.4%	0%	7.8%	27%
2 years	1,861	7.3%	4.3%	9.6%	0%	7.1%	37%
3 years	1,618	7.2%	5.2%	8.5%	0%	7.5%	37%
5 years	1,135	6.6%	6.2%	7.4%	0%	6.9%	48%
7 years	649	6.9%	6.5%	7.4%	0%	6.9%	69%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	104	6.9%	1.8%	11.0%	0%	8.0%	28%
2 years	92	7.2%	3.8%	10.1%	0%	7.2%	32%
3 years	80	7.1%	4.9%	9.0%	0%	7.3%	29%
5 years	56	6.6%	6.0%	7.4%	0%	7.6%	23%
7 years	32	6.8%	6.5%	7.3%	0%	8.4%	0%

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.

Bandhan Credit Risk Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Bandhan Credit Risk Fund (Direct)This fund	Category average
Return (CAGR)	+5.00%	+7.84%
Standard deviation	1.09%	1.21%
Sharpe ratio	-0.22	2.14
Sortino ratio	-0.32	3.69
Maximum drawdown	−0.45% (21-05-2026)	−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	Bandhan Credit Risk Fund (Direct)This fund	Category average
Return (CAGR)	+7.09%	+9.43%
Standard deviation	0.92%	1.13%
Sharpe ratio	1.15	3.03
Sortino ratio	1.74	6.53
Maximum drawdown	−0.45% (21-05-2026)	−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	Bandhan Credit Risk Fund (Direct)This fund	Category average
Return (CAGR)	+6.26%	+8.38%
Standard deviation	1.04%	1.12%
Sharpe ratio	0.45	2.30
Sortino ratio	0.61	4.39
Maximum drawdown	−1.1% (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	Bandhan Credit Risk Fund (Direct)This fund	Category average
Return (CAGR)	+6.91%	+7.10%
Standard deviation	1.49%	1.57%
Sharpe ratio	1.03	1.10
Sortino ratio	1.60	1.53
Maximum drawdown	−2.6% (23-03-2020)	−3.7% (24-03-2020)

From daily NAVs, 06-03-2017 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%

20182020202220242026

Bandhan 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
Bandhan Credit Risk Fund (Direct)	−2.6%	06-03-2020	23-03-2020	11-06-2020	3 months	−0.23%
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 06-03-2017, 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.

Bandhan Credit Risk Fund vs Other Credit Risk Funds

The five Credit Risk funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
DSP Credit Risk Fund	1/13	326	0.42%	+10.33%	+13.69%	--	--	1.25	7.29	Compare
Aditya Birla Sun Life Credit Risk Fund	2/13	1,657	0.80%	+11.12%	+12.89%	--	--	2.03	10.06	Compare
HSBC Credit Risk Fund	3/13	441	0.84%	+5.68%	+11.54%	--	--	0.86	11.11	Compare
Bank of India Credit Risk Fund	4/13	74	0.61%	+16.97%	+10.00%	--	--	0.93	11.45	Compare
ICICI Prudential Credit Risk Fund	5/13	6,320	0.80%	+6.83%	+8.82%	--	--	2.37	3.61	Compare
Bandhan Credit Risk Fund	13/13	221	0.66%	+5.00%	+7.09%	--	--	1.15	1.74

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.

Bandhan Credit Risk Fund Expense Ratio and Costs

What each plan charges a year, in force from 01-09-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Credit Risk median	Cost rank (1 = cheapest)
Direct	0.56%	0.00%	0.00%	0.10%	0.66%	0.80%	5/13
Regular	1.42%	0.00%	0.00%	0.25%	1.67%	1.51%	12/13

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	3.94%	5.00%	1.06%	₹1,03,940	₹1,05,000
3 years	6.02%	7.09%	1.07% a year	₹1,19,169	₹1,22,814
5 years	5.23%	6.26%	1.03% a year	₹1,29,032	₹1,35,472

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.

Bandhan 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 06-03-2017 to 30-10-2026: 116 instalments, ₹11,60,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planBandhan Credit Risk Fund (Direct)	₹11,60,000	₹16,12,264	₹4,52,264	6.6%
Regular planBandhan Credit Risk Fund (Regular)	₹11,60,000	₹15,30,036	₹3,70,036	5.6%
Category averageCategory average, 13 Credit Risk funds	₹11,60,000	₹17,14,446	₹5,54,446	7.9%

₹0₹5.0 L₹10.0 L₹15.0 L₹20.0 L

20182020202220242026

Direct planBandhan Credit Risk Fund (Direct)Regular planBandhan 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.

Bandhan Credit Risk Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

83.5%Debt

Asset	Fund	Category
Debt	83.5%	79.5%
Cash and others	16.5%	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	7.2%	9.3%
AAA and A1+	11.2%	8.9%
AA	65.1%	56.7%

Bandhan Credit Risk Fund Portfolio Holdings

As on 30-09-2026 · 15 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
8.35% Aditya Birla Real Estate Limited · Bond	CRISIL AA	9.07%
8.33% Tata Projects Limited · Bond	FITCH AA	9.05%
7.75% Power Finance Corporation Limited · Bond	CRISIL AAA	9.02%
7.9% Truhome Finance Limited · Bond	FITCH AA	8.95%
7.76% Aadhar Housing Finance Limited · Bond	ICRA AA+	8.90%
7.51% Tata Housing Development Company Limited · Bond	CARE AA	8.89%
7.99% Godrej Seeds & Genetics Limited · Bond	CRISIL AA	6.69%
7.85% Muthoot Finance Limited · Bond	CRISIL AA+	6.64%
10.7% AU Small Finance Bank Limited · Bond	ICRA AA	4.72%
6.68% GOI (MD 07/07/2040) · Government security	SOVEREIGN	4.28%
6.01% GOI (MD 21/07/2030) · Government security	SOVEREIGN	2.64%
7.68% Godrej Seeds & Genetics Limited · Bond	CRISIL AA	2.23%
Bank of Baroda · Certificate of deposit	CARE A1+	2.20%
Corporate Debt Market Development Fund Class A2		0.77%
7.18% GOI (MD 14/08/2033) · Government security	SOVEREIGN	0.27%

Bandhan Credit Risk Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Invesco India Credit Risk FundCredit Risk · Invesco	15.8%	4	Compare
Bandhan Floating Interest Rates FundFloater · Bandhan	14.1%	4	Compare

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.

Bandhan Credit Risk Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.66%
Expense ratio (Regular): 1.67%
Category: Credit Risk
Risk: Moderate
Benchmark: NIFTY Credit Risk Bond Index B-II
Launch date: 03-03-2017
Minimum investment: ₹1,000
Minimum additional investment: ₹1,000
AUM: ₹220.84 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 140603
ISIN (Direct): INF194KA1X61
Scheme code (Regular): 140609
ISIN (Regular): INF194KA1W39
NAV history: From 06-03-2017, 9.7 years

Exit load: 1% if redeemed/switched out within 365 days from the date of allotment

Tax on Bandhan Credit Risk Fund returns

Bandhan 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	₹19.0588	30-10-2026
direct	Half Yearly IDCW	₹10.0219	05-10-2026
direct	Annual IDCW	₹10.5937	30-10-2026
direct	Periodic IDCW	₹14.2239	30-10-2026
direct	Quarterly IDCW	₹10.772	30-10-2026
regular	Growth	₹17.3247	30-10-2026
regular	Annual IDCW	₹10.4614	30-10-2026
regular	Half Yearly IDCW	₹10.1145	30-10-2026
regular	Periodic IDCW	₹13.4534	30-10-2026
regular	Quarterly IDCW	₹10.556	30-10-2026

About Bandhan Credit Risk Fund

Bandhan Credit Risk Fund is a mutual fund from Bandhan Mutual Fund. Its category is Credit Risk. It was launched on 03-03-2017. Its benchmark is NIFTY Credit Risk Bond Index B-II. At the end of September 2026 it held 15 securities.

Fund Manager

Gautam Kaul
Fund manager of Bandhan Credit Risk Fund, since 16-07-2022
Debraj Lahiri
Fund manager of Bandhan Credit Risk Fund, since 17-04-2023

See all funds of Bandhan Mutual Fund

AUM change

September 2026: ₹220.84 Cr; −1.42% from August 2026
August 2026: ₹224.01 Cr; First month on file

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Bandhan Credit Risk Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Bandhan Credit Risk vs DSP Credit RiskCredit Risk
Bandhan Credit Risk vs Aditya Birla Sun Life Credit RiskCredit Risk
Bandhan Credit Risk vs HSBC Credit RiskCredit Risk
Bandhan Credit Risk vs Bank of India Credit RiskCredit Risk
Bandhan Credit Risk vs ICICI Prudential Credit RiskCredit Risk
Bandhan Credit Risk vs Invesco India Credit Risk15.8% overlap
Bandhan Credit Risk vs Bandhan Floating Interest Rates14.1% overlap

Compare with any other fund

Frequently Asked Questions for Bandhan Credit Risk Fund

What is the current NAV of Bandhan Credit Risk Fund?

The Direct plan NAV is ₹19.0588. The Regular plan NAV is ₹17.3247, as on 30-10-2026.

What are the returns of Bandhan Credit Risk Fund?

The Direct plan returned +5.00% in 1 year, +7.09% a year over 3 years, +6.26% a year over 5 years. The Regular plan returned +3.94% in 1 year, +6.02% a year over 3 years, +5.23% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of Bandhan Credit Risk Fund?

The Direct plan charges 0.66% a year. The Regular plan charges 1.67% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.

What is the AUM of Bandhan Credit Risk Fund?

Bandhan Credit Risk Fund managed ₹220.84 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Bandhan Credit Risk Fund?

At the end of September 2026 the largest holdings were 8.35% Aditya Birla Real Estate Limited (9.07%), 8.33% Tata Projects Limited (9.05%), 7.75% Power Finance Corporation Limited (9.02%), 7.9% Truhome Finance Limited (8.95%), 7.76% Aadhar Housing Finance Limited (8.90%). The fund held 15 securities in all.

How do I invest in Bandhan Credit Risk Fund?

Through Bandhan 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 ₹1,000. You can invest once or through a monthly SIP.

Who is the fund manager of Bandhan Credit Risk Fund?

Gautam Kaul (since 16-07-2022), Debraj Lahiri (since 17-04-2023).

What is the exit load of Bandhan Credit Risk Fund?

1% if redeemed/switched out within 365 days from the date of allotment

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.