Aditya Birla Sun Life Medium Term Fund vs DSP Credit Risk Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Medium Term Fund is a Medium Duration fund and DSP Credit Risk Fund is a Credit Risk fund. In the 3 years to 30-10-2026, Aditya Birla Sun Life Medium Term Fund (Direct) returned 10.4% a year and DSP Credit Risk Fund (Direct) returned 13.7% a year. Aditya Birla Sun Life Medium Term Fund charges 0.83% a year and DSP Credit Risk Fund 0.42% (Direct plans). Their portfolios overlap 18.2%: they hold 9 of the same securities.
Aditya Birla Sun Life Medium Term Fund
Medium Duration
- 3 year return
- 10.4%
- Expense ratio
- 0.83%
- NAV
- ₹47.90
DSP Credit Risk Fund
Credit Risk
- 3 year return
- 13.7%
- Expense ratio
- 0.42%
- NAV
- ₹60.87
Which is better, Aditya Birla Sun Life Medium Term or DSP Credit Risk? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP Credit Risk returned more over 5 years: 13.3% a year against 12.5%.
- DSP Credit Risk returned more over 3 years: 13.7% a year against 10.4%.
- DSP Credit Risk costs less: 0.42% a year against 0.83% (Direct plans).
- Aditya Birla Sun Life Medium Term swung less over 3 years: a standard deviation of 2.3% a year against 6.1%.
- DSP Credit Risk fell less in its worst fall since 02-01-2013: −6.0% against −12.7%.
- Aditya Birla Sun Life Medium Term is the larger fund: ₹3,370 Cr against ₹326 Cr.
- Their portfolios overlap 18.2%: 9 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Medium Term Fund | DSP Credit Risk Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | DSP Mutual Fund |
| Category | Medium Duration | Credit Risk |
| AUM | ₹3,370 Cr (30-09-2026) | ₹326 Cr (30-09-2026) |
| NAV | ₹47.90 (Direct) | ₹60.87 (Direct) |
| Expense ratio (Direct) | 0.83% | 0.42% |
| Expense ratio (Regular) | 1.55% | 1.19% |
| Riskometer | Moderately High | Moderately High |
| Benchmark | CRISIL Medium Duration Debt A-III Index | CRISIL Credit Risk Debt B-II Index |
| Launch date | 25-03-2009 | 13-05-2003 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Sunaina Da Cunha, Mohit Sharma | Vivek Ramakrishnan, Shalini Vasanta, Kunal Khudania |
| Exit load | Exit load of 1%, if redeemed within 1 Year. | 1. 3% - If the units are redeemed or switched out within 12 months from the date of allotment. 2. NIL - If units are redeemed or switched out on or after 12 months from the date of allotment Note: No exit load shall be levied in case of switch of investments from Direct Plan to Regular Plan and vice versa. |
Aditya Birla Sun Life Medium Term vs DSP Credit Risk: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Medium Term Fund (Direct) | −0.28% | +0.17% | +3.03% | +7.48% | +10.39% | +12.54% | +8.95% |
| DSP Credit Risk Fund (Direct) | −0.02% | +0.63% | +3.68% | +10.33% | +13.69% | +13.34% | +8.62% |
| Medium Duration average | −0.34% | −0.09% | +2.51% | +4.72% | +7.66% | +6.88% | +6.78% |
| Credit Risk average | −0.04% | +0.78% | +3.31% | +7.84% | +9.41% | +9.83% | +6.82% |
Category average: the average of the 13 Medium Duration funds and the 13 Credit Risk funds, same plan type.
Aditya Birla Sun Life Medium Term vs DSP Credit Risk: Year-wise Returns
| Year | Aditya Birla Sun Life Medium TermAditya Birla Sun Life Medium Term | DSP Credit RiskDSP Credit Risk |
|---|---|---|
| 2026to date | +6.42% | +9.31% |
| 2025 | +11.72% | +21.99% |
| 2024 | +11.27% | +8.62% |
| 2023 | +7.66% | +16.57% |
| 2022 | +25.73% | +10.12% |
| 2021 | +7.69% | +3.74% |
Aditya Birla Sun Life Medium Term vs DSP Credit Risk: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,620 of them, one for each trading day from 04-01-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Medium Term Fund (Direct)
DSP Credit Risk Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Medium Term | 0.0 | 20.6 | 21.9 | 53.1 | 4.4 | 0.0 | 0.0 | 9.5% | 10.4% | 0.9% | 16.9% |
| DSP Credit Risk | 0.0 | 26.5 | 31.2 | 28.9 | 13.4 | 0.0 | 0.0 | 8.5% | 8.7% | 2.2% | 17.1% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 02-01-2013. Past returns do not promise future returns.
Aditya Birla Sun Life Medium Term vs DSP Credit Risk: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Medium TermAditya Birla Sun Life Medium Term Fund (Direct) | ₹16,60,000 | ₹33,70,580 | ₹17,10,580 | 9.7% |
| DSP Credit RiskDSP Credit Risk Fund (Direct) | ₹16,60,000 | ₹33,83,074 | ₹17,23,074 | 9.7% |
Aditya Birla Sun Life Medium TermAditya Birla Sun Life Medium Term Fund (Direct)
DSP Credit RiskDSP Credit Risk Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), 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.
Aditya Birla Sun Life Medium Term vs DSP Credit Risk: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Medium Term Fund (Direct) | DSP Credit Risk Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.48% | +10.33% |
| Standard deviation | 2.25% | 6.10% |
| Sharpe ratio | 0.99 | 0.83 |
| Sortino ratio | 2.12 | 2.95 |
| Maximum drawdown | −0.7% (23-10-2026) | −1.8% (06-02-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Medium Term Fund (Direct) | DSP Credit Risk Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.39% | +13.69% |
| Standard deviation | 2.30% | 6.13% |
| Sharpe ratio | 1.90 | 1.25 |
| Sortino ratio | 5.02 | 7.29 |
| Maximum drawdown | −0.7% (23-10-2026) | −1.8% (06-02-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Medium Term Fund (Direct) | DSP Credit Risk Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.54% | +13.34% |
| Standard deviation | 7.26% | 6.55% |
| Sharpe ratio | 0.93 | 1.15 |
| Sortino ratio | 7.39 | 8.23 |
| Maximum drawdown | −1.0% (06-05-2022) | −1.8% (06-02-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Medium Term Fund (Direct) | DSP Credit Risk Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.62% | +9.12% |
| Standard deviation | 5.52% | 4.36% |
| Sharpe ratio | 0.65 | 0.70 |
| Sortino ratio | 1.22 | 1.77 |
| Maximum drawdown | −12.7% (29-04-2020) | −6.0% (18-12-2018) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 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. Beta and alpha compare each fund with its own benchmark's TRI.
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.
Aditya Birla Sun Life Medium Term Fund (Direct)
DSP Credit Risk Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Medium Term Fund (Direct) | −12.7% | 19-09-2019 | 29-04-2020 | 24-12-2020 | 8 months | −0.4% |
| DSP Credit Risk Fund (Direct) | −6.0% | 03-09-2018 | 18-12-2018 | 24-01-2020 | 13 months | −0.1% |
From daily values since 02-01-2013, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Medium Term Fund (Direct)
DSP Credit Risk Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Medium Term Fund (Direct)
DSP Credit Risk Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Medium Term Fund (Direct)
DSP Credit Risk Fund (Direct)
Aditya Birla Sun Life Medium Term vs DSP Credit Risk: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Medium Term Fund, September 2026; DSP Credit Risk Fund, September 2026
Holdings in common
- Overlap
- 18.2%
- Held by both
- 9
- Only in Aditya Birla Sun Life Medium Term
- 64
- Only in DSP Credit Risk
- 16
| Security | % of Aditya Birla Sun Life Medium Term | % of DSP Credit Risk |
|---|---|---|
| Government of India (11/05/2036) | 7.15% | 10.85% |
| 5.00% GMR Airports Ltd. (13/02/2027) | 2.52% | 3.34% |
| JTPM Metal Traders Ltd. (29/09/2028) (ZCB) | 2.46% | 4.97% |
| 8.00% Adani Power Ltd. (27/01/2028) | 2.01% | 3.06% |
| 5.00% GMR Airports Ltd. (13/08/2028) | 1.59% | 5.05% |
| 8.45% Adani Airport Holdings Ltd. (12/02/2029) | 1.53% | 6.08% |
| 8.20% Adani Power Ltd. (25/01/2029) | 0.59% | 3.05% |
| Corporate Debt Mkt Devp. Fund-A2 | 0.27% | 0.25% |
| Government of India (08/04/2034) | 0.06% | 1.58% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.2% means 18.2% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Medium Term Fund
| Security | % of fund |
|---|---|
| 7.27% National Bank for Agriculture and Rural Development (23/02/2029) | 3.66% |
| Government of India (15/04/2065) | 3.46% |
| 6.66% National Bank for Agriculture and Rural Development (12/10/2028) | 3.34% |
| 9.25% Hinduja Leyland Finance Ltd. (09/07/2031) | 3.25% |
| 8.66% Cholamandalam Investment & Finance Co. Ltd. (23/02/2033) | 3.05% |
Largest holdings only in DSP Credit Risk Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Limited | 7.50% |
| Aditya Birla Digital Fashion Ventures Limited | 6.18% |
| Nuvoco Vistas Corporation Limited | 6.09% |
| Tata Housing Development Co Limited | 4.80% |
| Aditya Birla Renewables Limited | 4.61% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Medium Term | DSP Credit Risk |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 80.8% | 93.5% |
| Cash and others | 19.2% | 6.5% |
Aditya Birla Sun Life Medium Term vs DSP Credit Risk: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Medium Term Fund | DSP Credit Risk Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.83% | 0.42% |
| Base expense ratio (Direct) | 0.71% | 0.34% |
| Total expense ratio (Regular) | 1.55% | 1.19% |
| Base expense ratio (Regular) | 1.32% | 1.00% |
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, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Aditya Birla Sun Life Medium Term with
Aditya Birla Sun Life Medium Term Fund vs DSP Credit Risk Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Medium Term Fund and DSP Credit Risk Fund?
Aditya Birla Sun Life Medium Term Fund is a Medium Duration fund, DSP Credit Risk Fund is a Credit Risk fund, run by Aditya Birla Sun Life Mutual Fund and DSP Mutual Fund. Their portfolios overlap 18.2%. Aditya Birla Sun Life Medium Term Fund charges 0.83% a year and DSP Credit Risk Fund 0.42%.
Which has given higher returns, Aditya Birla Sun Life Medium Term Fund or DSP Credit Risk Fund?
Over 1 year: Aditya Birla Sun Life Medium Term Fund +7.48%, DSP Credit Risk Fund +10.33%. Over 3 years: Aditya Birla Sun Life Medium Term Fund +10.39% a year, DSP Credit Risk Fund +13.69% a year. Over 5 years: Aditya Birla Sun Life Medium Term Fund +12.54% a year, DSP Credit Risk Fund +13.34% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Medium Term Fund or DSP Credit Risk Fund?
DSP Credit Risk Fund charges less: 0.42% a year against 0.83%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Medium Term Fund and DSP Credit Risk Fund overlap?
18.2%. They hold 9 of the same securities, the largest shared ones being Government of India (11/05/2036), 5.00% GMR Airports Ltd. (13/02/2027), JTPM Metal Traders Ltd. (29/09/2028) (ZCB). From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Medium Term Fund or DSP Credit Risk Fund?
On SEBI's riskometer, Aditya Birla Sun Life Medium Term Fund is rated Moderately High and DSP Credit Risk Fund Moderately High. Over 3 years, the standard deviation of daily returns was 2.30% and 6.13% a year.
Which is better for SIP, Aditya Birla Sun Life Medium Term Fund or DSP Credit Risk Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,00,894 in Aditya Birla Sun Life Medium Term Fund (XIRR 10.7% a year) and ₹8,71,762 in DSP Credit Risk Fund (XIRR 14.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Medium Term Fund and DSP Credit Risk Fund?
Yes. 18.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Medium Term Fund and DSP Credit Risk Fund?
Aditya Birla Sun Life Medium Term Fund: Sunaina Da Cunha, Mohit Sharma. DSP Credit Risk Fund: Vivek Ramakrishnan, Shalini Vasanta, Kunal Khudania.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.