Nippon India Conservative Hybrid Fund vs Nippon India Credit Risk Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India Conservative Hybrid Fund is a Conservative Hybrid fund and Nippon India Credit Risk Fund is a Credit Risk fund. In the 3 years to 30-10-2026, Nippon India Conservative Hybrid Fund (Direct) returned 8.4% a year and Nippon India Credit Risk Fund (Direct) returned 8.7% a year. Nippon India Conservative Hybrid Fund charges 1.01% a year and Nippon India Credit Risk Fund 0.61% (Direct plans). Their portfolios overlap 39.5%: they hold 24 of the same securities.
Nippon India Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 8.4%
- Expense ratio
- 1.01%
- NAV
- ₹68.95
Nippon India Credit Risk Fund
Credit Risk
- 3 year return
- 8.7%
- Expense ratio
- 0.61%
- NAV
- ₹42.44
Which is better, Nippon India Conservative Hybrid or Nippon India 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.
- Nippon India Conservative Hybrid returned more over 5 years: 8.0% a year against 7.8%.
- Nippon India Credit Risk returned more over 3 years: 8.7% a year against 8.4%.
- Nippon India Credit Risk costs less: 0.61% a year against 1.01% (Direct plans).
- Nippon India Credit Risk swung less over 3 years: a standard deviation of 0.8% a year against 2.0%.
- Nippon India Credit Risk fell less in its worst fall since 02-01-2013: −13.8% against −18.9%.
- Nippon India Credit Risk is the larger fund: ₹1,708 Cr against ₹977 Cr.
- Their portfolios overlap 39.5%: 24 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 | Nippon India Conservative Hybrid Fund | Nippon India Credit Risk Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | Nippon India Mutual Fund |
| Category | Conservative Hybrid | Credit Risk |
| AUM | ₹977 Cr (30-09-2026) | ₹1,708 Cr (30-09-2026) |
| NAV | ₹68.95 (Direct) | ₹42.44 (Direct) |
| Expense ratio (Direct) | 1.01% | 0.61% |
| Expense ratio (Regular) | 1.80% | 1.39% |
| Riskometer | Not available | Moderately High |
| Benchmark | Not available | CRISIL Credit Risk Debt B-II Index |
| Launch date | Not available | 08-06-2005 |
| Minimum investment | Not available | ₹500 |
| Lock in | Not available | None |
| Fund managers | Not available | Sushil Budhia |
| Exit load | Not available | Exit Load for units in excess of 25% of the investment,1% will be charged for redemption within 12 months. |
Nippon India Conservative Hybrid vs Nippon India 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 |
|---|---|---|---|---|---|---|---|
| Nippon India Conservative Hybrid Fund (Direct) | −0.10% | −0.05% | +2.51% | +4.80% | +8.44% | +8.03% | +5.91% |
| Nippon India Credit Risk Fund (Direct) | +0.08% | +0.99% | +3.57% | +6.93% | +8.71% | +7.83% | +6.47% |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
| Credit Risk average | −0.04% | +0.78% | +3.31% | +7.84% | +9.41% | +9.83% | +6.82% |
Category average: the average of the 18 Conservative Hybrid funds and the 13 Credit Risk funds, same plan type.
Nippon India Conservative Hybrid vs Nippon India Credit Risk: Year-wise Returns
| Year | Conservative HybridNippon India Conservative Hybrid | Credit RiskNippon India Credit Risk |
|---|---|---|
| 2026to date | +3.45% | +5.79% |
| 2025 | +10.59% | +9.77% |
| 2024 | +8.50% | +9.10% |
| 2023 | +11.14% | +8.72% |
| 2022 | +5.44% | +4.53% |
| 2021 | +10.74% | +14.21% |
Nippon India Conservative Hybrid vs Nippon India Credit Risk: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,618 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.
Nippon India Conservative Hybrid Fund (Direct)
Nippon India 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India Conservative Hybrid | 7.6 | 21.3 | 48.5 | 21.7 | 0.9 | 0.0 | 0.0 | 7.2% | 8.6% | −1.7% | 16.0% |
| Nippon India Credit Risk | 0.0 | 27.8 | 56.2 | 16.0 | 0.0 | 0.0 | 0.0 | 7.2% | 8.8% | 0.3% | 11.4% |
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.
Nippon India Conservative Hybrid vs Nippon India 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 |
|---|---|---|---|---|
| Nippon India Conservative HybridNippon India Conservative Hybrid Fund (Direct) | ₹16,60,000 | ₹27,39,117 | ₹10,79,117 | 6.9% |
| Nippon India Credit RiskNippon India Credit Risk Fund (Direct) | ₹16,60,000 | ₹27,95,345 | ₹11,35,345 | 7.2% |
Nippon India Conservative HybridNippon India Conservative Hybrid Fund (Direct)
Nippon India Credit RiskNippon India 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.
Nippon India Conservative Hybrid vs Nippon India Credit Risk: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India Conservative Hybrid Fund (Direct) | Nippon India Credit Risk Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.80% | +6.93% |
| Standard deviation | 2.24% | 1.03% |
| Sharpe ratio | -0.20 | 1.63 |
| Sortino ratio | -0.27 | 2.53 |
| Maximum drawdown | −1.8% (23-03-2026) | −0.4% (21-05-2026) |
| 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 | Nippon India Conservative Hybrid Fund (Direct) | Nippon India Credit Risk Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.44% | +8.71% |
| Standard deviation | 1.95% | 0.81% |
| Sharpe ratio | 1.24 | 3.30 |
| Sortino ratio | 1.80 | 5.65 |
| Maximum drawdown | −1.8% (23-03-2026) | −0.4% (21-05-2026) |
| 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 | Nippon India Conservative Hybrid Fund (Direct) | Nippon India Credit Risk Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.03% | +7.83% |
| Standard deviation | 2.10% | 0.92% |
| Sharpe ratio | 1.06 | 2.21 |
| Sortino ratio | 1.62 | 3.21 |
| Maximum drawdown | −2.1% (13-05-2022) | −1.2% (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 | Nippon India Conservative Hybrid Fund (Direct) | Nippon India Credit Risk Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.49% | +7.56% |
| Standard deviation | 4.33% | 3.89% |
| Sharpe ratio | 0.33 | 0.39 |
| Sortino ratio | 0.39 | 0.44 |
| Maximum drawdown | −18.9% (23-03-2020) | −13.8% (23-03-2020) |
| 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.
Nippon India Conservative Hybrid Fund (Direct)
Nippon India Credit Risk Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Nippon India Conservative Hybrid Fund (Direct) | −18.9% | 16-01-2020 | 23-03-2020 | 12-10-2021 | 19 months | −0.7% |
| Nippon India Credit Risk Fund (Direct) | −13.8% | 12-02-2020 | 23-03-2020 | 07-07-2021 | 15 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.
Nippon India Conservative Hybrid Fund (Direct)
Nippon India 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.
Nippon India Conservative Hybrid Fund (Direct)
Nippon India 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.
Nippon India Conservative Hybrid Fund (Direct)
Nippon India Credit Risk Fund (Direct)
Nippon India Conservative Hybrid vs Nippon India Credit Risk: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India Conservative Hybrid Fund, September 2026; Nippon India Credit Risk Fund, September 2026
Holdings in common
- Overlap
- 39.5%
- Held by both
- 24
- Only in Nippon India Conservative Hybrid
- 60
- Only in Nippon India Credit Risk
- 38
| Security | % of Nippon India Conservative Hybrid | % of Nippon India Credit Risk |
|---|---|---|
| 10.5% Triumph Composites Limited | 4.06% | 4.65% |
| Samriddhi Trust | 3.45% | 3.95% |
| 8.45% Adani Airport Holdings Limited | 4.05% | 3.19% |
| 9.75% Delhi International Airport Limited | 3.75% | 2.98% |
| 10.4% Muthoot Fincorp Ltd | 3.07% | 2.64% |
| 10.96% Gaursons India Private Limited | 3.37% | 2.34% |
| 10.2% Navi Finserv Limited | 3.07% | 2.34% |
| 9.5% Vedanta Aluminium Metal Limited | 2.58% | 2.06% |
| 9.95% Hiranandani Financial Services Private Limited | 2.56% | 2.05% |
| 5% GMR Airports Limited | 3.48% | 1.93% |
| Auxilo Finserve Private Limited | 3.08% | 1.88% |
| 8.28% Mancherial Repallewada Road Private Limited | 2.21% | 1.68% |
| JSW Kalinga Steel Limited | 2.66% | 1.52% |
| 8% Adani Power Limited | 2.55% | 1.46% |
| 6.57% State Government Securities | 2.48% | 1.42% |
| 10.81% Bamboo Hotel And Global Centre (Delhi) Private limited | 1.75% | 1.35% |
| 8.9% Veritas Finance Private Limited | 1.02% | 0.87% |
| 7.7% Adani Transmission Step-Two Limited | 1.53% | 0.58% |
| 5% GMR Airports Limited | 0.51% | 1.46% |
| 9.45% Vedanta Limited | 0.41% | 0.30% |
| 8.95% Vastu Finserve India Private Limited | 1.52% | 0.25% |
| Corporate Debt Market Development Fund Class A2 | 0.29% | 0.25% |
| 9.4% Indostar Home Finance Private Limited | 0.61% | 0.23% |
| 9.25% Muthoot Mcred Limited | 0.21% | 0.29% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.5% means 39.5% 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 Nippon India Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| 7.03% State Government Securities | 5.07% |
| 8.28% Suryapet Khammam Road Ltd | 2.57% |
| 7.61% Small Industries Dev Bank of India | 2.54% |
| 7.17% Mindspace Business Parks REIT | 2.52% |
| Brookfield India Real Estate Trust | 1.52% |
Largest holdings only in Nippon India Credit Risk Fund
| Security | % of fund |
|---|---|
| 11.81% Prospera Healthcorp Private Limited | 3.78% |
| 7.44% National Bank For Agriculture and Rural Development | 3.19% |
| 6.36% Government of India | 2.87% |
| 6.66% National Bank For Agriculture and Rural Development | 2.87% |
| Bank of Baroda | 2.87% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India Conservative Hybrid | Nippon India Credit Risk |
|---|---|---|
| Equity | 10.6% | 0.0% |
| Debt | 68.5% | 94.4% |
| Cash and others | 20.9% | 5.6% |
Market cap of stocks
| Market cap | Nippon India Conservative Hybrid | Nippon India Credit Risk |
|---|---|---|
| Large Cap | 9.5% | -- |
| Mid Cap | 1.1% | -- |
| Small Cap | 0.0% | -- |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Nippon India Conservative Hybrid | Nippon India Credit Risk |
|---|---|---|
| Banks | 3.4% | 0.0% |
| Automobiles | 1.0% | 0.0% |
| IT - Software | 0.8% | 0.0% |
| Petroleum Products | 0.8% | 0.0% |
| Pharmaceuticals & Biotechnology | 0.5% | 0.0% |
| Power | 0.5% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India Conservative Hybrid vs Nippon India Credit Risk: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India Conservative Hybrid Fund | Nippon India Credit Risk Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.01% | 0.61% |
| Base expense ratio (Direct) | 0.85% | 0.51% |
| Total expense ratio (Regular) | 1.80% | 1.39% |
| Base expense ratio (Regular) | 1.53% | 1.17% |
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 Nippon India Conservative Hybrid with
Nippon India Conservative Hybrid Fund vs Nippon India Credit Risk Fund: Frequently Asked Questions
What is the difference between Nippon India Conservative Hybrid Fund and Nippon India Credit Risk Fund?
Nippon India Conservative Hybrid Fund is a Conservative Hybrid fund, Nippon India Credit Risk Fund is a Credit Risk fund, run by Nippon India Mutual Fund. Their portfolios overlap 39.5%. Nippon India Conservative Hybrid Fund charges 1.01% a year and Nippon India Credit Risk Fund 0.61%.
Which has given higher returns, Nippon India Conservative Hybrid Fund or Nippon India Credit Risk Fund?
Over 1 year: Nippon India Conservative Hybrid Fund +4.80%, Nippon India Credit Risk Fund +6.93%. Over 3 years: Nippon India Conservative Hybrid Fund +8.44% a year, Nippon India Credit Risk Fund +8.71% a year. Over 5 years: Nippon India Conservative Hybrid Fund +8.03% a year, Nippon India Credit Risk Fund +7.83% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India Conservative Hybrid Fund or Nippon India Credit Risk Fund?
Nippon 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 Nippon India Conservative Hybrid Fund and Nippon India Credit Risk Fund overlap?
39.5%. They hold 24 of the same securities, the largest shared ones being 10.5% Triumph Composites Limited, Samriddhi Trust, 8.45% Adani Airport Holdings Limited. From each fund's latest monthly portfolio.
Which is better for SIP, Nippon India Conservative Hybrid Fund or Nippon India Credit Risk Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,48,710 in Nippon India Conservative Hybrid Fund (XIRR 8.0% a year) and ₹7,54,428 in Nippon India Credit Risk Fund (XIRR 8.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Nippon India Conservative Hybrid Fund and Nippon India Credit Risk Fund?
Yes. 39.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.