Bank of India Credit Risk Fund vs HDFC Credit Risk Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bank of India Credit Risk Fund and HDFC Credit Risk Fund are both Credit Risk funds. In the 3 years to 30-10-2026, Bank of India Credit Risk Fund (Direct) returned 10.0% a year and HDFC Credit Risk Fund (Direct) returned 8.0% a year. Bank of India Credit Risk Fund charges 0.61% a year and HDFC Credit Risk Fund 1.01% (Direct plans). Their portfolios overlap 4.3%: they hold 2 of the same securities.
Bank of India Credit Risk Fund
Credit Risk
- 3 year return
- 10.0%
- Expense ratio
- 0.61%
- NAV
- ₹14.95
HDFC Credit Risk Fund
Credit Risk
- 3 year return
- 8.0%
- Expense ratio
- 1.01%
- NAV
- ₹28.34
Which is better, Bank of India Credit Risk or HDFC 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.
- Bank of India Credit Risk returned more over 5 years: 27.8% a year against 7.0%.
- Bank of India Credit Risk returned more over 3 years: 10.0% a year against 8.0%.
- Bank of India Credit Risk costs less: 0.61% a year against 1.01% (Direct plans).
- HDFC Credit Risk swung less over 3 years: a standard deviation of 1.0% a year against 4.3%.
- HDFC Credit Risk fell less in its worst fall since 09-03-2015: −2.6% against −73.4%.
- HDFC Credit Risk is the larger fund: ₹7,631 Cr against ₹74 Cr.
- Their portfolios overlap 4.3%: 2 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 | Bank of India Credit Risk Fund | HDFC Credit Risk Fund |
|---|---|---|
| Fund house | Bank of India Mutual Fund | HDFC Mutual Fund |
| Category | Credit Risk | Credit Risk |
| AUM | ₹74 Cr (30-09-2026) | ₹7,631 Cr (30-09-2026) |
| NAV | ₹14.95 (Direct) | ₹28.34 (Direct) |
| Expense ratio (Direct) | 0.61% | 1.01% |
| Expense ratio (Regular) | 1.36% | 1.51% |
| Riskometer | Moderately High | High |
| Benchmark | CRISIL Credit Risk Debt B-II Index | NIFTY Credit Risk Bond Index B-II |
| Launch date | 27-02-2015 | 25-03-2014 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Alok Singh | Praveen Jain, Bhavyesh Divecha, Gopal Agrawal |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 Year. | Exit load for units in excess of 15% of the investment, 1% will be charged for redemption within 12 months and 0.50% if redeemed after 12 months but within 18 months. |
Bank of India Credit Risk vs HDFC 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 |
|---|---|---|---|---|---|---|---|
| Bank of India Credit Risk Fund (Direct) | +0.23% | +1.32% | +2.92% | +16.97% | +10.00% | +27.83% | +2.38% |
| HDFC Credit Risk Fund (Direct) | −0.06% | +0.83% | +3.29% | +6.18% | +8.02% | +7.04% | +7.76% |
| Credit Risk average | −0.04% | +0.78% | +3.31% | +7.84% | +9.41% | +9.83% | +6.82% |
Category average: the average of the 13 Credit Risk funds, same plan type.
Bank of India Credit Risk vs HDFC Credit Risk: Year-wise Returns
| Year | Bank of IndiaBank of India Credit Risk | HDFCHDFC Credit Risk |
|---|---|---|
| 2026to date | +15.90% | +5.19% |
| 2025 | +6.95% | +8.61% |
| 2024 | +6.37% | +8.86% |
| 2023 | +5.83% | +7.27% |
| 2022 | +143.82% | +4.37% |
| 2021 | +9.67% | +7.58% |
Bank of India Credit Risk vs HDFC Credit Risk: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,091 of them, one for each trading day from 09-03-2018 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.
Bank of India Credit Risk Fund (Direct)
HDFC Credit Risk Fund (Direct)
to
Nov 2018May 2017
to
May 2020Oct 2018
to
Oct 2021Apr 2020
to
Apr 2023Oct 2021
to
Oct 2024Feb 2023
to
Feb 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank of India Credit Risk | 34.7 | 1.5 | 26.8 | 14.4 | 0.0 | 0.0 | 22.4 | 4.2% | 6.8% | −33.3% | 43.7% |
| HDFC Credit Risk | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.0% | 8.1% | 6.3% | 10.0% |
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 09-03-2015. Past returns do not promise future returns.
Bank of India Credit Risk vs HDFC 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 09-03-2015 to 30-10-2026: 140 instalments, ₹14,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bank of India Credit RiskBank of India Credit Risk Fund (Direct) | ₹14,00,000 | ₹23,80,818 | ₹9,80,818 | 8.7% |
| HDFC Credit RiskHDFC Credit Risk Fund (Direct) | ₹14,00,000 | ₹22,47,571 | ₹8,47,571 | 7.8% |
Bank of India Credit RiskBank of India Credit Risk Fund (Direct)
HDFC Credit RiskHDFC 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.
Bank of India Credit Risk vs HDFC Credit Risk: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bank of India Credit Risk Fund (Direct) | HDFC Credit Risk Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.97% | +6.18% |
| Standard deviation | 7.28% | 1.23% |
| Sharpe ratio | 1.61 | 0.76 |
| Sortino ratio | 34.44 | 1.07 |
| Maximum drawdown | −0.1% (23-10-2026) | −0.5% (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 | Bank of India Credit Risk Fund (Direct) | HDFC Credit Risk Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.00% | +8.02% |
| Standard deviation | 4.28% | 0.99% |
| Sharpe ratio | 0.93 | 2.01 |
| Sortino ratio | 11.45 | 3.00 |
| Maximum drawdown | −0.2% (28-05-2024) | −0.5% (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 | Bank of India Credit Risk Fund (Direct) | HDFC Credit Risk Fund (Direct) |
|---|---|---|
| Return (CAGR) | +27.83% | +7.04% |
| Standard deviation | 54.63% | 1.04% |
| Sharpe ratio | 0.40 | 1.20 |
| Sortino ratio | 60.43 | 1.58 |
| Maximum drawdown | −0.5% (13-05-2022) | −1.5% (06-05-2022) |
| 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 | Bank of India Credit Risk Fund (Direct) | HDFC Credit Risk Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.49% | +8.61% |
| Standard deviation | 40.09% | 1.44% |
| Sharpe ratio | -0.05 | 1.93 |
| Sortino ratio | -0.12 | 2.99 |
| Maximum drawdown | −73.4% (28-04-2020) | −2.6% (26-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 09-03-2015 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.
Bank of India Credit Risk Fund (Direct)
HDFC Credit Risk Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bank of India Credit Risk Fund (Direct) | −73.4% | 03-09-2018 | 28-04-2020 | 30-04-2026 | 72 months | −0.0% |
| HDFC Credit Risk Fund (Direct) | −2.6% | 06-03-2020 | 26-03-2020 | 17-06-2020 | 3 months | −0.2% |
From daily values since 09-03-2015, 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.
Bank of India Credit Risk Fund (Direct)
HDFC 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.
Bank of India Credit Risk Fund (Direct)
HDFC 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.
Bank of India Credit Risk Fund (Direct)
HDFC Credit Risk Fund (Direct)
Bank of India Credit Risk vs HDFC Credit Risk: Portfolio Overlap
From each fund's latest monthly portfolio: Bank of India Credit Risk Fund, September 2026; HDFC Credit Risk Fund, September 2026
Holdings in common
- Overlap
- 4.3%
- Held by both
- 2
- Only in Bank of India Credit Risk
- 8
- Only in HDFC Credit Risk
- 91
| Security | % of Bank of India Credit Risk | % of HDFC Credit Risk |
|---|---|---|
| 8.5% Nirma Limited (07/04/2027) | 10.78% | 3.94% |
| Corporate Debt Market Development Fund | 0.67% | 0.33% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 4.3% means 4.3% 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 Bank of India Credit Risk Fund
| Security | % of fund |
|---|---|
| 8.35% Aditya Birla Real Estate Limited (30/08/2027) | 9.43% |
| 9.40% 360 One Prime Limited (04/03/2027) | 9.32% |
| 8.65% Aadhar Housing Finance Limited (20/08/2027) | 9.19% |
| 8.60% Manappuram Finance Limited (24/03/2028) | 8.70% |
| 9.45% Vedanta Limited (05/06/2028) | 6.80% |
Largest holdings only in HDFC Credit Risk Fund
| Security | % of fund |
|---|---|
| GMR Airports Limited | 4.87% |
| Indus Infra Trust | 3.23% |
| Triumph Composites Private Limited | 3.12% |
| Jubilant Beverages Limited | 2.82% |
| ADITYA BIRLA RENEWABLES LIMITED | 2.75% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bank of India Credit Risk | HDFC Credit Risk |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 74.3% | 88.8% |
| Cash and others | 25.7% | 11.2% |
Bank of India Credit Risk vs HDFC Credit Risk: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bank of India Credit Risk Fund | HDFC Credit Risk Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.61% | 1.01% |
| Base expense ratio (Direct) | 0.51% | 0.86% |
| Total expense ratio (Regular) | 1.36% | 1.51% |
| Base expense ratio (Regular) | 1.15% | 1.29% |
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 Bank of India Credit Risk with
Bank of India Credit Risk Fund vs HDFC Credit Risk Fund: Frequently Asked Questions
What is the difference between Bank of India Credit Risk Fund and HDFC Credit Risk Fund?
Both are Credit Risk funds, run by Bank of India Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 4.3%. Bank of India Credit Risk Fund charges 0.61% a year and HDFC Credit Risk Fund 1.01%.
Which has given higher returns, Bank of India Credit Risk Fund or HDFC Credit Risk Fund?
Over 1 year: Bank of India Credit Risk Fund +16.97%, HDFC Credit Risk Fund +6.18%. Over 3 years: Bank of India Credit Risk Fund +10.00% a year, HDFC Credit Risk Fund +8.02% a year. Over 5 years: Bank of India Credit Risk Fund +27.83% a year, HDFC Credit Risk Fund +7.04% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bank of India Credit Risk Fund or HDFC Credit Risk Fund?
Bank of India Credit Risk Fund charges less: 0.61% a year against 1.01%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bank of India Credit Risk Fund and HDFC Credit Risk Fund overlap?
4.3%. They hold 2 of the same securities, the largest shared ones being 8.5% Nirma Limited (07/04/2027), Corporate Debt Market Development Fund. From each fund's latest monthly portfolio.
Which is riskier, Bank of India Credit Risk Fund or HDFC Credit Risk Fund?
On SEBI's riskometer, Bank of India Credit Risk Fund is rated Moderately High and HDFC Credit Risk Fund High. Over 3 years, the standard deviation of daily returns was 4.28% and 0.99% a year.
Which is better for SIP, Bank of India Credit Risk Fund or HDFC Credit Risk Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,94,157 in Bank of India Credit Risk Fund (XIRR 15.1% a year) and ₹7,38,849 in HDFC Credit Risk Fund (XIRR 7.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Bank of India Credit Risk Fund and HDFC Credit Risk Fund?
Yes. 4.3% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Bank of India Credit Risk Fund and HDFC Credit Risk Fund?
Bank of India Credit Risk Fund: Alok Singh. HDFC Credit Risk Fund: Praveen Jain, Bhavyesh Divecha, Gopal Agrawal.
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.