HSBC Credit Risk Fund is a Credit Risk fund run by HSBC Mutual Fund. On 30-09-2026, it managed ₹441 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 11.5% a year and its Regular plan returned 10.7% a year. Its benchmark, NIFTY Credit Risk Bond Index B-II, returned 6.5% a year over the same 3 years.
NAV (Direct plan)
₹37.80
▲ 0.03% · 30-10-2026
NAV (Regular plan)
₹34.54
▲ 0.03% · 30-10-2026
Expense ratio
0.84%Direct1.66%Regular
0.84%
A year
Riskometer
Moderately High
Set by the fund house
3 year return
11.5%Direct10.7%Regular
11.5%
A year
HSBC Credit Risk Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹37.80 (up 0.03% that day); Regular Plan Growth ₹34.54 (up 0.03% that day).
This fund (Direct plan)
₹37.8017
HSBC Credit Risk Fund Returns vs NIFTY Credit Risk Bond Index B-II
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−0.12%
+0.77%
+2.99%
+5.68%
+11.54%
--
--
This fund (Regular)
−0.19%
+0.57%
+2.61%
+4.93%
+10.70%
--
--
NIFTY Credit Risk Bond Index B-II
+0.07%
+0.12%
+1.91%
+3.85%
+6.52%
+6.74%
--
Credit Risk average
−0.04%
+0.78%
+3.31%
+7.84%
+9.41%
--
--
Best in Credit Risk
+0.23%
+1.32%
+3.89%
+16.97%
+13.69%
--
--
Worst in Credit Risk
−0.17%
+0.35%
+2.76%
+5.00%
+7.09%
--
--
Rank in Credit Risk
11/13
8/13
9/13
11/13
3/13
--
--
Category rows compare the Direct plans of 13 Credit Risk funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.
HSBC Credit Risk Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+4.65%
+4.03%
2025
+21.22%
+20.32%
2024
+8.02%
+7.15%
2023
+7.34%
+6.46%
HSBC Credit Risk Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 222 periods, one for each trading day from 28-11-2025 to 30-10-2026.
0%5%10%15%
HSBC Credit Risk Fund (Direct)
Category average, 13 Credit Risk funds
Dec 2022 to Dec 2025Feb 2023 to Feb 2026Apr 2023 to Apr 2026Jun 2023 to Jun 2026Aug 2023 to Aug 2026Oct 2023 to Oct 2026
HSBC Credit Risk Fund (Direct)Category average, 13 Credit Risk funds
0%
0%
Below 0%
0%
0%
0-5%
0%
89%
5-10%
100%
11%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
708
8.0%
5.1%
23.0%
0%
9.2%
34%
2 years
466
14.1%
7.5%
14.8%
0%
10.2%
79%
3 years
222
11.8%
11.5%
12.1%
0%
9.8%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
36
8.0%
5.3%
34.9%
0%
9.1%
33%
2 years
24
13.4%
7.7%
21.0%
0%
10.2%
75%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 13 Credit Risk funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
HSBC Credit Risk Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
HSBC Credit Risk Fund (Direct)This fund
Category average
Return (CAGR)
+5.68%
+7.84%
Standard deviation
0.92%
1.21%
Sharpe ratio
0.47
2.14
Sortino ratio
0.67
3.69
Maximum drawdown
−0.38%
(23-10-2026)
−0.36%
(23-10-2026)
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.
Measure
HSBC Credit Risk Fund (Direct)This fund
Category average
Return (CAGR)
+11.54%
+9.43%
Standard deviation
6.43%
1.13%
Sharpe ratio
0.86
3.03
Sortino ratio
11.11
6.53
Maximum drawdown
−0.38%
(23-10-2026)
−0.36%
(23-10-2026)
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.
Measure
HSBC Credit Risk Fund (Direct)This fund
Category average
Return (CAGR)
+10.49%
+9.21%
Standard deviation
5.63%
1.06%
Sharpe ratio
0.77
2.85
Sortino ratio
9.21
6.24
Maximum drawdown
−0.38%
(23-10-2026)
−0.36%
(23-10-2026)
From daily NAVs, 28-11-2022 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.
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.
−0.4%−0.3%−0.2%−0.1%0%
HSBC Credit Risk Fund (Direct)
Category average, 13 Credit Risk funds
2023202420252026
HSBC Credit Risk Fund (Direct)Category average, 13 Credit Risk funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
HSBC Credit Risk Fund (Direct)
−0.38%
06-10-2026
23-10-2026
Not yet
--
−0.21%
Category average
−0.36%
23-09-2026
23-10-2026
Not yet
--
−0.13%
From the Direct plan's daily NAV since 28-11-2022, adjusted for unit splits, and the average of the 13 Credit Risk funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
HSBC Credit Risk Fund vs Other Credit Risk Funds
The five Credit Risk funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
HSBC Credit Risk Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-09-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Credit Risk median
Cost rank (1 = cheapest)
Direct
0.70%
0.01%
0.00%
0.13%
0.84%
0.80%
11/13
Regular
1.39%
0.01%
0.00%
0.26%
1.66%
1.51%
11/13
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Credit Risk funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
4.93%
5.68%
0.75%
₹1,04,930
₹1,05,680
3 years
10.70%
11.54%
0.84% a year
₹1,35,657
₹1,38,769
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
HSBC Credit Risk Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 28-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
Direct planHSBC Credit Risk Fund (Direct)Regular planHSBC Credit Risk Fund (Regular)Category averageCategory average, 13 Credit Risk fundsAmount invested
From each plan's published NAV (Growth option) and the category average, 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.
HSBC Credit Risk Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
92.6%Debt
Asset
Fund
Category
Debt
92.6%
79.5%
Cash and others
7.4%
20.5%
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 13 Credit Risk funds.
Rating
Fund
Category
Sovereign
11.3%
9.3%
AAA and A1+
16.7%
8.9%
AA
62.3%
56.7%
A and below
2.3%
4.6%
HSBC Credit Risk Fund Portfolio Holdings
As on 30-09-2026 · 30 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
Nuvoco Vistas Corporation Limited · Bond
CRISIL AA
7.88%
6.01% GOI 21Jul2030 · Government security
SOVEREIGN
6.69%
JTPM Metal Traders · Bond
CRISIL AA
6.12%
Nirma Limited · Bond
CRISIL AA
5.97%
Power Finance Corporation Limited · Bond
CRISIL AAA
5.84%
Power Grid Corporation of India Limited · Bond
CRISIL AAA
5.71%
Aditya Birla Renewables Limited · Bond
CRISIL AA
5.68%
Godrej Seeds & Genetics Limited · Bond
CRISIL AA
5.67%
JSW Kalinga Steel Ltd · Bond
CRISIL AA
4.72%
GMR Airports Limited · Bond
CRISIL AA-
3.70%
Vedanta Limited · Bond
CRISIL AA+
3.53%
MAS Financial Services Limited · Bond
CARE AA-
3.47%
Delhi International Airport Limited · Bond
ICRA AA
3.46%
Aditya Birla Digital Fashion Venture Ltd · Bond
CRISIL AA-
3.42%
GOI Floating Rate FRB 22-Sep-2033 · Government security
SOVEREIGN
2.37%
NABARD · Bond
ICRA AAA
2.37%
Indostar Capital Finance Limited · Bond
CARE AA-
2.36%
Indostar Capital Finance Limited · Bond
CARE AA-
2.33%
Aditya Birla Real Estate Limited · Bond
CRISIL AA
2.29%
Krazybee Services Limited · Bond
CARE A+
2.27%
Dhruva XXIV
ICRA AAA(SO)
2.04%
Cube Highway Trust
InvITs
1.94%
Indigo 053
CARE AA(SO)
1.73%
IRB InvIT Fund
InvITs
1.64%
National Highways Infra Trust
InvITs
1.55%
Raajmarg Infra Investment Trust
InvITs
1.23%
6.36% GOI 16-Feb-2031 · Government security
SOVEREIGN
1.12%
6.48% GOI 06Oct2035 · Government security
SOVEREIGN
1.12%
Vajra 011 Trust
ICRA AAA(SO)
0.72%
Corp Debt Mkt Devlop Fund (SBI AIF Fund)
AIF
0.43%
HSBC Credit Risk Fund Portfolio Overlap
Funds with the most similar portfolios, across every fund house and category
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
HSBC Credit Risk Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.84%
Expense ratio (Regular)
1.66%
Category
Credit Risk
Risk
Moderately High
Benchmark
NIFTY Credit Risk Bond Index B-II
Launch date
08-10-2009
Minimum investment
₹5,000
Minimum additional investment
₹1,000
AUM
₹441.18 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
151045
ISIN (Direct)
INF917K01UH8
Scheme code (Regular)
151043
ISIN (Regular)
INF917K01130
NAV history
From 28-11-2022, 3.9 years
Exit load
Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 Year.
Tax on HSBC Credit Risk Fund returns
HSBC Credit Risk Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹37.8017
30-10-2026
direct
Annual IDCW
₹13.7105
30-10-2026
direct
IDCW
₹12.1697
30-10-2026
regular
Bonus
₹33.9951
30-10-2026
regular
Growth
₹34.542
30-10-2026
regular
Annual IDCW
₹12.5261
30-10-2026
regular
IDCW
₹11.0554
30-10-2026
About HSBC Credit Risk Fund
HSBC Credit Risk Fund is a mutual fund from HSBC Mutual Fund. Its category is Credit Risk. It was launched on 08-10-2009. Its benchmark is NIFTY Credit Risk Bond Index B-II. At the end of September 2026 it held 30 securities.
Fund Manager
Shriram Ramanathan
Fund manager of HSBC Credit Risk Fund, since 24-11-2012
Frequently Asked Questions for HSBC Credit Risk Fund
What is the current NAV of HSBC Credit Risk Fund?
The Direct plan NAV is ₹37.8017. The Regular plan NAV is ₹34.542, as on 30-10-2026.
What are the returns of HSBC Credit Risk Fund?
The Direct plan returned +5.68% in 1 year, +11.54% a year over 3 years. The Regular plan returned +4.93% in 1 year, +10.70% a year over 3 years. These figures are as on 30-10-2026.
What is the expense ratio of HSBC Credit Risk Fund?
The Direct plan charges 0.84% a year. The Regular plan charges 1.66% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.
What is the AUM of HSBC Credit Risk Fund?
HSBC Credit Risk Fund managed ₹441.18 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of HSBC Credit Risk Fund?
At the end of September 2026 the largest holdings were Nuvoco Vistas Corporation Limited (7.88%), 6.01% GOI 21Jul2030 (6.69%), JTPM Metal Traders (6.12%), Nirma Limited (5.97%), Power Finance Corporation Limited (5.84%). The fund held 30 securities in all.
How do I invest in HSBC Credit Risk Fund?
Through HSBC Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.
Who is the fund manager of HSBC Credit Risk Fund?
Shriram Ramanathan (since 24-11-2012).
What is the exit load of HSBC Credit Risk Fund?
Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 Year.
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
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