Bandhan Credit Risk Fund vs HSBC Credit Risk Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Credit Risk Fund and HSBC Credit Risk Fund are both Credit Risk funds. In the 3 years to 30-10-2026, Bandhan Credit Risk Fund (Direct) returned 7.1% a year and HSBC Credit Risk Fund (Direct) returned 11.5% a year. Bandhan Credit Risk Fund charges 0.66% a year and HSBC Credit Risk Fund 0.84% (Direct plans). Their portfolios overlap 5.4%: they hold 3 of the same securities.
Bandhan Credit Risk Fund
Credit Risk
- 3 year return
- 7.1%
- Expense ratio
- 0.66%
- NAV
- ₹19.06
HSBC Credit Risk Fund
Credit Risk
- 3 year return
- 11.5%
- Expense ratio
- 0.84%
- NAV
- ₹37.80
Which is better, Bandhan Credit Risk or HSBC 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.
- HSBC Credit Risk returned more over 3 years: 11.5% a year against 7.1%.
- HSBC Credit Risk returned more over 1 year: 5.7% against 5.0%.
- Bandhan Credit Risk costs less: 0.66% a year against 0.84% (Direct plans).
- Bandhan Credit Risk swung less over 3 years: a standard deviation of 0.9% a year against 6.4%.
- HSBC Credit Risk fell less in its worst fall since 28-11-2022: −0.4% against −0.5%.
- HSBC Credit Risk is the larger fund: ₹441 Cr against ₹221 Cr.
- Their portfolios overlap 5.4%: 3 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 | Bandhan Credit Risk Fund | HSBC Credit Risk Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | HSBC Mutual Fund |
| Category | Credit Risk | Credit Risk |
| AUM | ₹221 Cr (30-09-2026) | ₹441 Cr (30-09-2026) |
| NAV | ₹19.06 (Direct) | ₹37.80 (Direct) |
| Expense ratio (Direct) | 0.66% | 0.84% |
| Expense ratio (Regular) | 1.67% | 1.66% |
| Riskometer | Moderate | Moderately High |
| Benchmark | NIFTY Credit Risk Bond Index B-II | NIFTY Credit Risk Bond Index B-II |
| Launch date | 03-03-2017 | 08-10-2009 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Gautam Kaul, Debraj Lahiri | Shriram Ramanathan |
| Exit load | 1% if redeemed/switched out within 365 days from the date of allotment | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 Year. |
Bandhan Credit Risk vs HSBC 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 |
|---|---|---|---|---|---|---|---|
| Bandhan Credit Risk Fund (Direct) | −0.10% | +0.42% | +2.76% | +5.00% | +7.09% | +6.26% | -- |
| HSBC Credit Risk Fund (Direct) | −0.12% | +0.77% | +2.99% | +5.68% | +11.54% | -- | -- |
| Credit Risk average | −0.04% | +0.78% | +3.31% | +7.84% | +9.41% | -- | -- |
Category average: the average of the 13 Credit Risk funds, same plan type.
Bandhan Credit Risk vs HSBC Credit Risk: Year-wise Returns
| Year | BandhanBandhan Credit Risk | HSBCHSBC Credit Risk |
|---|---|---|
| 2026to date | +4.08% | +4.65% |
| 2025 | +7.30% | +21.22% |
| 2024 | +8.45% | +8.02% |
| 2023 | +6.79% | +7.34% |
| 2022 | +4.03% | -- |
| 2021 | +4.99% | -- |
Bandhan Credit Risk vs HSBC Credit Risk: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 226 of them, one for each trading day from 28-11-2025 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.
Bandhan Credit Risk Fund (Direct)
HSBC Credit Risk Fund (Direct)
to
Dec 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Credit Risk | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.3% | 7.3% | 6.9% | 7.6% |
| HSBC Credit Risk | 0.0 | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 11.8% | 11.8% | 11.5% | 12.1% |
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 28-11-2022. Past returns do not promise future returns.
Bandhan Credit Risk vs HSBC 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 01-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Credit RiskBandhan Credit Risk Fund (Direct) | ₹4,80,000 | ₹5,47,771 | ₹67,771 | 6.6% |
| HSBC Credit RiskHSBC Credit Risk Fund (Direct) | ₹4,80,000 | ₹5,96,979 | ₹1,16,979 | 10.9% |
Bandhan Credit RiskBandhan Credit Risk Fund (Direct)
HSBC Credit RiskHSBC 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.
Bandhan Credit Risk vs HSBC Credit Risk: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Credit Risk Fund (Direct) | HSBC Credit Risk Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.00% | +5.68% |
| Standard deviation | 1.09% | 0.92% |
| Sharpe ratio | -0.22 | 0.47 |
| Sortino ratio | -0.32 | 0.67 |
| Maximum drawdown | −0.5% (21-05-2026) | −0.4% (23-10-2026) |
| 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 | Bandhan Credit Risk Fund (Direct) | HSBC Credit Risk Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.09% | +11.54% |
| Standard deviation | 0.92% | 6.43% |
| Sharpe ratio | 1.15 | 0.86 |
| Sortino ratio | 1.74 | 11.11 |
| Maximum drawdown | −0.5% (21-05-2026) | −0.4% (23-10-2026) |
| 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 | Bandhan Credit Risk Fund (Direct) | HSBC Credit Risk Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.91% | +10.49% |
| Standard deviation | 1.49% | 5.63% |
| Sharpe ratio | 1.03 | 0.77 |
| Sortino ratio | 1.60 | 9.21 |
| Maximum drawdown | −2.6% (23-03-2020) | −0.4% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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. 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.
Bandhan Credit Risk Fund (Direct)
HSBC Credit Risk Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Credit Risk Fund (Direct) | −0.5% | 08-05-2026 | 21-05-2026 | 02-06-2026 | 12 days | −0.2% |
| HSBC Credit Risk Fund (Direct) | −0.4% | 06-10-2026 | 23-10-2026 | Not yet | -- | −0.2% |
From daily values since 28-11-2022, 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.
Bandhan Credit Risk Fund (Direct)
HSBC 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.
Bandhan Credit Risk Fund (Direct)
HSBC Credit Risk Fund (Direct)
Bandhan Credit Risk vs HSBC Credit Risk: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Credit Risk Fund, September 2026; HSBC Credit Risk Fund, September 2026
Holdings in common
- Overlap
- 5.4%
- Held by both
- 3
- Only in Bandhan Credit Risk
- 12
- Only in HSBC Credit Risk
- 27
| Security | % of Bandhan Credit Risk | % of HSBC Credit Risk |
|---|---|---|
| 6.01% GOI (MD 21/07/2030) | 2.64% | 6.69% |
| 8.35% Aditya Birla Real Estate Limited | 9.07% | 2.29% |
| Corporate Debt Market Development Fund Class A2 | 0.77% | 0.43% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 5.4% means 5.4% 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 Bandhan Credit Risk Fund
| Security | % of fund |
|---|---|
| 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% |
| 7.51% Tata Housing Development Company Limited | 8.89% |
Largest holdings only in HSBC Credit Risk Fund
| Security | % of fund |
|---|---|
| Nuvoco Vistas Corporation Limited | 7.88% |
| JTPM Metal Traders | 6.12% |
| Nirma Limited | 5.97% |
| Power Finance Corporation Limited | 5.84% |
| Power Grid Corporation of India Limited | 5.71% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Credit Risk | HSBC Credit Risk |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 83.5% | 92.6% |
| Cash and others | 16.5% | 7.4% |
Bandhan Credit Risk vs HSBC Credit Risk: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Credit Risk Fund | HSBC Credit Risk Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.66% | 0.84% |
| Base expense ratio (Direct) | 0.56% | 0.70% |
| Total expense ratio (Regular) | 1.67% | 1.66% |
| Base expense ratio (Regular) | 1.42% | 1.39% |
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 Bandhan Credit Risk with
Bandhan Credit Risk Fund vs HSBC Credit Risk Fund: Frequently Asked Questions
What is the difference between Bandhan Credit Risk Fund and HSBC Credit Risk Fund?
Both are Credit Risk funds, run by Bandhan Mutual Fund and HSBC Mutual Fund. Their portfolios overlap 5.4%. Bandhan Credit Risk Fund charges 0.66% a year and HSBC Credit Risk Fund 0.84%.
Which has given higher returns, Bandhan Credit Risk Fund or HSBC Credit Risk Fund?
Over 1 year: Bandhan Credit Risk Fund +5.00%, HSBC Credit Risk Fund +5.68%. Over 3 years: Bandhan Credit Risk Fund +7.09% a year, HSBC Credit Risk Fund +11.54% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Credit Risk Fund or HSBC Credit Risk Fund?
Bandhan Credit Risk Fund charges less: 0.66% a year against 0.84%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Credit Risk Fund and HSBC Credit Risk Fund overlap?
5.4%. They hold 3 of the same securities, the largest shared ones being 6.01% GOI (MD 21/07/2030), 8.35% Aditya Birla Real Estate Limited, Corporate Debt Market Development Fund Class A2. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Credit Risk Fund or HSBC Credit Risk Fund?
On SEBI's riskometer, Bandhan Credit Risk Fund is rated Moderate and HSBC Credit Risk Fund Moderately High. Over 3 years, the standard deviation of daily returns was 0.92% and 6.43% a year.
Which is better for SIP, Bandhan Credit Risk Fund or HSBC Credit Risk Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,07,914 in Bandhan Credit Risk Fund (XIRR 6.3% a year) and ₹4,38,265 in HSBC Credit Risk Fund (XIRR 11.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Credit Risk Fund and HSBC Credit Risk Fund?
Yes. 5.4% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Bandhan Credit Risk Fund and HSBC Credit Risk Fund?
Bandhan Credit Risk Fund: Gautam Kaul, Debraj Lahiri. HSBC Credit Risk Fund: Shriram Ramanathan.
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.