Nippon India Credit Risk Fund vs Nippon India Medium Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India Credit Risk Fund is a Credit Risk fund and Nippon India Medium Term Fund is a Medium Duration fund. In the 3 years to 30-10-2026, Nippon India Credit Risk Fund (Direct) returned 8.7% a year and Nippon India Medium Term Fund (Direct) returned 8.2% a year. Nippon India Credit Risk Fund charges 0.61% a year and Nippon India Medium Term Fund 0.50% (Direct plans). Their portfolios overlap 22.9%: they hold 11 of the same securities.
Nippon India Credit Risk Fund
Credit Risk
- 3 year return
- 8.7%
- Expense ratio
- 0.61%
- NAV
- ₹42.44
Nippon India Medium Term Fund
Medium Duration
- 3 year return
- 8.2%
- Expense ratio
- 0.50%
- NAV
- ₹18.33
Which is better, Nippon India Credit Risk or Nippon India Medium Term? 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 Credit Risk returned more over 5 years: 7.8% a year against 6.8%.
- Nippon India Credit Risk returned more over 3 years: 8.7% a year against 8.2%.
- Nippon India Medium Term costs less: 0.50% a year against 0.61% (Direct plans).
- Nippon India Credit Risk swung less over 3 years: a standard deviation of 0.8% a year against 1.7%.
- Nippon India Credit Risk fell less in its worst fall since 30-06-2014: −13.8% against −29.8%.
- Nippon India Credit Risk is the larger fund: ₹1,708 Cr against ₹146 Cr.
- Their portfolios overlap 22.9%: 11 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 Credit Risk Fund | Nippon India Medium Term Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | Nippon India Mutual Fund |
| Category | Credit Risk | Medium Duration |
| AUM | ₹1,708 Cr (30-09-2026) | ₹146 Cr (30-09-2026) |
| NAV | ₹42.44 (Direct) | ₹18.33 (Direct) |
| Expense ratio (Direct) | 0.61% | 0.50% |
| Expense ratio (Regular) | 1.39% | 1.08% |
| Riskometer | Moderately High | Moderately High |
| Benchmark | CRISIL Credit Risk Debt B-II Index | CRISIL Medium Duration Debt A-III Index |
| Launch date | 08-06-2005 | 26-06-2014 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Sushil Budhia | Sushil Budhia |
| Exit load | Exit Load for units in excess of 25% of the investment,1% will be charged for redemption within 12 months. | Exit load of 1% if redeemed within 12 months |
Nippon India Credit Risk vs Nippon India Medium Term: 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 Credit Risk Fund (Direct) | +0.08% | +0.99% | +3.57% | +6.93% | +8.71% | +7.83% | +6.47% |
| Nippon India Medium Term Fund (Direct) | −0.28% | +0.08% | +2.62% | +4.94% | +8.23% | +6.75% | +3.51% |
| Credit Risk average | −0.04% | +0.78% | +3.31% | +7.84% | +9.41% | +9.83% | +6.82% |
| Medium Duration average | −0.34% | −0.09% | +2.51% | +4.72% | +7.66% | +6.88% | +6.78% |
Category average: the average of the 13 Credit Risk funds and the 13 Medium Duration funds, same plan type.
Nippon India Credit Risk vs Nippon India Medium Term: Year-wise Returns
| Year | Credit RiskNippon India Credit Risk | Medium TermNippon India Medium Term |
|---|---|---|
| 2026to date | +5.79% | +3.99% |
| 2025 | +9.77% | +10.23% |
| 2024 | +9.10% | +8.90% |
| 2023 | +8.72% | +7.62% |
| 2022 | +4.53% | +2.60% |
| 2021 | +14.21% | +18.09% |
Nippon India Credit Risk vs Nippon India Medium Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,259 of them, one for each trading day from 30-06-2017 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 Credit Risk Fund (Direct)
Nippon India Medium Term Fund (Direct)
to
Mar 2018Oct 2016
to
Oct 2019May 2018
to
May 2021Jan 2020
to
Jan 2023Aug 2021
to
Aug 2024Jan 2023
to
Jan 2026
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 Credit Risk | 0.0 | 32.3 | 63.9 | 3.9 | 0.0 | 0.0 | 0.0 | 6.6% | 8.3% | 0.3% | 10.6% |
| Nippon India Medium Term | 32.3 | 5.8 | 55.8 | 6.1 | 0.0 | 0.0 | 0.0 | 3.9% | 7.5% | −8.3% | 11.6% |
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 30-06-2014. Past returns do not promise future returns.
Nippon India Credit Risk vs Nippon India Medium Term: 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 02-06-2014 to 30-10-2026: 149 instalments, ₹14,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India Credit RiskNippon India Credit Risk Fund (Direct) | ₹14,90,000 | ₹23,55,462 | ₹8,65,462 | 7.1% |
| Nippon India Medium TermNippon India Medium Term Fund (Direct) | ₹14,90,000 | ₹20,24,707 | ₹5,34,707 | 4.8% |
Nippon India Credit RiskNippon India Credit Risk Fund (Direct)
Nippon India Medium TermNippon India Medium Term 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 Credit Risk vs Nippon India Medium Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India Credit Risk Fund (Direct) | Nippon India Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.93% | +4.94% |
| Standard deviation | 1.03% | 1.43% |
| Sharpe ratio | 1.63 | -0.21 |
| Sortino ratio | 2.53 | -0.30 |
| Maximum drawdown | −0.4% (21-05-2026) | −0.7% (02-04-2026) |
| 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 Credit Risk Fund (Direct) | Nippon India Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.71% | +8.23% |
| Standard deviation | 0.81% | 1.73% |
| Sharpe ratio | 3.30 | 1.27 |
| Sortino ratio | 5.65 | 2.89 |
| Maximum drawdown | −0.4% (21-05-2026) | −0.7% (02-04-2026) |
| 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 Credit Risk Fund (Direct) | Nippon India Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.83% | +6.75% |
| Standard deviation | 0.92% | 1.65% |
| Sharpe ratio | 2.21 | 0.57 |
| Sortino ratio | 3.21 | 1.07 |
| Maximum drawdown | −1.2% (06-05-2022) | −1.6% (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 Credit Risk Fund (Direct) | Nippon India Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.56% | +5.02% |
| Standard deviation | 3.89% | 8.51% |
| Sharpe ratio | 0.39 | -0.09 |
| Sortino ratio | 0.44 | -0.10 |
| Maximum drawdown | −13.8% (23-03-2020) | −29.8% (19-03-2020) |
| 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 Credit Risk Fund (Direct)
Nippon India Medium Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Nippon India Credit Risk Fund (Direct) | −13.8% | 12-02-2020 | 23-03-2020 | 07-07-2021 | 15 months | −0.1% |
| Nippon India Medium Term Fund (Direct) | −29.8% | 02-04-2019 | 19-03-2020 | 25-07-2024 | 52 months | −0.5% |
From daily values since 30-06-2014, 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 Credit Risk Fund (Direct)
Nippon India Medium Term 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 Credit Risk Fund (Direct)
Nippon India Medium Term 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 Credit Risk Fund (Direct)
Nippon India Medium Term Fund (Direct)
Nippon India Credit Risk vs Nippon India Medium Term: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India Credit Risk Fund, September 2026; Nippon India Medium Term Fund, September 2026
Holdings in common
- Overlap
- 22.9%
- Held by both
- 11
- Only in Nippon India Credit Risk
- 51
- Only in Nippon India Medium Term
- 17
| Security | % of Nippon India Credit Risk | % of Nippon India Medium Term |
|---|---|---|
| 10.5% Triumph Composites Limited | 4.65% | 3.50% |
| 7.44% National Bank For Agriculture and Rural Development | 3.19% | 6.78% |
| 8.45% Adani Airport Holdings Limited | 3.19% | 3.39% |
| 9.75% Delhi International Airport Limited | 2.98% | 2.79% |
| 10.4% Muthoot Fincorp Ltd | 2.64% | 3.43% |
| 8.55% Aditya Birla Real Estate Limited | 2.33% | 3.40% |
| 9.25% Truhome Finance Limited | 1.77% | 3.45% |
| 8.8% REC Limited | 1.50% | 3.50% |
| 5% GMR Airports Limited | 1.46% | 3.40% |
| 9.45% Vedanta Limited | 0.30% | 2.42% |
| Corporate Debt Market Development Fund Class A2 | 0.25% | 0.34% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 22.9% means 22.9% 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 Credit Risk Fund
| Security | % of fund |
|---|---|
| Samriddhi Trust | 3.95% |
| 11.81% Prospera Healthcorp Private Limited | 3.78% |
| 6.36% Government of India | 2.87% |
| 6.66% National Bank For Agriculture and Rural Development | 2.87% |
| Bank of Baroda | 2.87% |
Largest holdings only in Nippon India Medium Term Fund
| Security | % of fund |
|---|---|
| Indian Railway Finance Corporation Limited | 3.63% |
| 8.29% Godrej Industries Limited | 3.43% |
| 7.27% State Government Securities | 3.41% |
| 7.3% State Government Securities | 3.41% |
| 8.2% Adani Power Limited | 3.40% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India Credit Risk | Nippon India Medium Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 94.4% | 84.2% |
| Cash and others | 5.6% | 15.8% |
Nippon India Credit Risk vs Nippon India Medium Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India Credit Risk Fund | Nippon India Medium Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.61% | 0.50% |
| Base expense ratio (Direct) | 0.51% | 0.43% |
| Total expense ratio (Regular) | 1.39% | 1.08% |
| Base expense ratio (Regular) | 1.17% | 0.92% |
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 Credit Risk with
Nippon India Credit Risk Fund vs Nippon India Medium Term Fund: Frequently Asked Questions
What is the difference between Nippon India Credit Risk Fund and Nippon India Medium Term Fund?
Nippon India Credit Risk Fund is a Credit Risk fund, Nippon India Medium Term Fund is a Medium Duration fund, run by Nippon India Mutual Fund. Their portfolios overlap 22.9%. Nippon India Credit Risk Fund charges 0.61% a year and Nippon India Medium Term Fund 0.50%.
Which has given higher returns, Nippon India Credit Risk Fund or Nippon India Medium Term Fund?
Over 1 year: Nippon India Credit Risk Fund +6.93%, Nippon India Medium Term Fund +4.94%. Over 3 years: Nippon India Credit Risk Fund +8.71% a year, Nippon India Medium Term Fund +8.23% a year. Over 5 years: Nippon India Credit Risk Fund +7.83% a year, Nippon India Medium Term Fund +6.75% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India Credit Risk Fund or Nippon India Medium Term Fund?
Nippon India Medium Term Fund charges less: 0.50% a year against 0.61%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India Credit Risk Fund and Nippon India Medium Term Fund overlap?
22.9%. They hold 11 of the same securities, the largest shared ones being 10.5% Triumph Composites Limited, 7.44% National Bank For Agriculture and Rural Development, 8.45% Adani Airport Holdings Limited. From each fund's latest monthly portfolio.
Which is riskier, Nippon India Credit Risk Fund or Nippon India Medium Term Fund?
On SEBI's riskometer, Nippon India Credit Risk Fund is rated Moderately High and Nippon India Medium Term Fund Moderately High. Over 3 years, the standard deviation of daily returns was 0.81% and 1.73% a year.
Which is better for SIP, Nippon India Credit Risk Fund or Nippon India Medium Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,54,428 in Nippon India Credit Risk Fund (XIRR 8.3% a year) and ₹7,38,087 in Nippon India Medium Term Fund (XIRR 7.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Nippon India Credit Risk Fund and Nippon India Medium Term Fund?
Yes. 22.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Nippon India Credit Risk Fund and Nippon India Medium Term Fund?
Nippon India Credit Risk Fund: Sushil Budhia. Nippon India Medium Term Fund: Sushil Budhia.
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.