Nippon India Credit Risk Fund is a Credit Risk fund run by Nippon India Mutual Fund. On 30-09-2026, it managed ₹1,708 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 8.7% a year and its Regular plan returned 7.9% a year.
NAV (Direct plan)
₹42.44
▲ 0.02% · 30-10-2026
NAV (Regular plan)
₹38.18
▲ 0.01% · 30-10-2026
Expense ratio
0.61%Direct1.39%Regular
0.61%
A year
Riskometer
Moderately High
Set by the fund house
3 year return
8.7%Direct7.9%Regular
8.7%
A year
Nippon India Credit Risk Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹42.44 (up 0.02% that day); Regular Plan Growth ₹38.18 (up 0.01% that day).
This fund (Direct plan)
₹42.4429
Nippon India Credit Risk Fund Returns vs Credit Risk Funds
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)
+0.08%
+0.99%
+3.57%
+6.93%
+8.71%
+7.83%
+6.47%
This fund (Regular)
+0.02%
+0.79%
+3.17%
+6.10%
+7.88%
+7.04%
+5.69%
Credit Risk average
−0.04%
+0.78%
+3.31%
+7.84%
+9.41%
+9.83%
+6.82%
Best in Credit Risk
+0.23%
+1.32%
+3.89%
+16.97%
+13.69%
+27.83%
+9.17%
Worst in Credit Risk
−0.17%
+0.35%
+2.76%
+5.00%
+7.09%
+6.26%
+2.38%
Rank in Credit Risk
2/13
2/13
5/13
7/13
7/13
6/12
8/11
Category rows compare the Direct plans of 13 Credit Risk funds. Rank 1 is the highest return. This fund's benchmark is CRISIL Credit Risk Debt B-II Index. Returns of that index are not available to us, so the category average is the comparison.
Nippon India Credit Risk Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+5.79%
+5.11%
2025
+9.77%
+8.95%
2024
+9.10%
+8.27%
2023
+8.72%
+7.94%
2022
+4.53%
+3.87%
2021
+14.21%
+13.50%
Nippon India 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 2,618 periods, one for each trading day from 04-01-2016 to 30-10-2026.
0%2%4%6%8%10%12%
Nippon India Credit Risk Fund (Direct)
Category average, 13 Credit Risk funds
Nov 2013 to Nov 2016Sept 2015 to Sept 2018Jul 2017 to Jul 2020May 2019 to May 2022Mar 2021 to Mar 2024Dec 2022 to Dec 2025
Nippon India Credit Risk Fund (Direct)Category average, 13 Credit Risk funds
0%
0%
Below 0%
28%
15%
0-5%
56%
66%
5-10%
16%
19%
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
3,094
8.8%
−12.5%
16.7%
8%
8.8%
34%
2 years
2,859
9.1%
−2.9%
12.1%
11%
8.3%
31%
3 years
2,618
8.8%
0.3%
11.4%
0%
7.8%
25%
5 years
2,135
5.6%
4.2%
10.0%
0%
6.9%
30%
7 years
1,653
6.0%
5.4%
8.4%
0%
7.0%
2%
10 years
925
6.9%
6.4%
7.3%
0%
7.5%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
154
8.9%
−18.1%
20.9%
5%
8.8%
36%
2 years
142
8.6%
−8.4%
11.7%
8%
8.4%
37%
3 years
130
8.1%
−4.2%
11.3%
8%
7.8%
40%
5 years
106
6.9%
0.4%
9.7%
0%
7.0%
28%
7 years
82
5.8%
3.0%
8.5%
0%
6.4%
2%
10 years
46
6.6%
6.0%
7.3%
0%
7.0%
0%
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.
Nippon India Credit Risk Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Nippon India Credit Risk Fund (Direct)This fund
Category average
Return (CAGR)
+6.93%
+7.84%
Standard deviation
1.03%
1.21%
Sharpe ratio
1.63
2.14
Sortino ratio
2.53
3.69
Maximum drawdown
−0.37%
(21-05-2026)
−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
Nippon India Credit Risk Fund (Direct)This fund
Category average
Return (CAGR)
+8.71%
+9.43%
Standard deviation
0.81%
1.13%
Sharpe ratio
3.30
3.03
Sortino ratio
5.65
6.53
Maximum drawdown
−0.37%
(21-05-2026)
−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
Nippon India Credit Risk Fund (Direct)This fund
Category average
Return (CAGR)
+7.83%
+8.38%
Standard deviation
0.92%
1.12%
Sharpe ratio
2.21
2.30
Sortino ratio
3.21
4.39
Maximum drawdown
−1.2%
(06-05-2022)
−1.1%
(06-05-2022)
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.
Measure
Nippon India Credit Risk Fund (Direct)This fund
Category average
Return (CAGR)
+6.47%
+7.15%
Standard deviation
4.51%
1.58%
Sharpe ratio
0.24
1.11
Sortino ratio
0.27
1.54
Maximum drawdown
−13.8%
(23-03-2020)
−3.7%
(24-03-2020)
From daily NAVs, 28-10-2016 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
Nippon India Credit Risk Fund (Direct)This fund
Category average
Return (CAGR)
+7.56%
+8.09%
Standard deviation
3.89%
1.51%
Sharpe ratio
0.39
1.35
Sortino ratio
0.44
1.87
Maximum drawdown
−13.8%
(23-03-2020)
−3.7%
(24-03-2020)
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.
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.
−15%−10%−5%0%
Nippon India Credit Risk Fund (Direct)
Category average, 13 Credit Risk funds
2014201620182020202220242026
Nippon India 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
Nippon India Credit Risk Fund (Direct)
−13.8%
12-02-2020
23-03-2020
07-07-2021
15 months
−0.06%
Category average
−3.7%
14-02-2020
24-03-2020
30-07-2020
4 months
−0.13%
From the Direct plan's daily NAV since 02-01-2013, 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.
Nippon India 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.
Nippon India 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
0.51%
0.01%
0.00%
0.09%
0.61%
0.80%
3/13
Regular
1.17%
0.01%
0.00%
0.21%
1.39%
1.51%
3/13
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
6.10%
6.93%
0.83%
₹1,06,100
₹1,06,930
3 years
7.88%
8.71%
0.83% a year
₹1,25,552
₹1,28,472
5 years
7.04%
7.83%
0.79% a year
₹1,40,518
₹1,45,780
10 years
5.69%
6.47%
0.78% a year
₹1,73,916
₹1,87,186
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.
Nippon India 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planNippon India Credit Risk Fund (Direct)
₹16,60,000
₹27,95,345
₹11,35,345
7.2%
Regular planNippon India Credit Risk Fund (Regular)
Direct planNippon India Credit Risk Fund (Direct)Regular planNippon India 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.
Nippon India Credit Risk Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
94.4%Debt
Asset
Fund
Category
Debt
94.4%
79.5%
Cash and others
5.6%
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
12.2%
9.3%
AAA and A1+
22.3%
8.9%
AA
40.0%
56.7%
A and below
19.8%
4.6%
Nippon India Credit Risk Fund Portfolio Holdings
As on 30-09-2026 · 62 holdings · from the fund house's monthly portfolio
Holdings
Rating
Weight%
10.5% Triumph Composites Limited · Bond
FITCH AA-
4.65%
Samriddhi Trust
FITCH A+(SO)
3.95%
11.81% Prospera Healthcorp Private Limited · Bond
FITCH A-
3.78%
7.44% National Bank For Agriculture and Rural Development · Bond
CRISIL AAA
3.19%
8.45% Adani Airport Holdings Limited · Bond
CRISIL AA-
3.19%
9.75% Delhi International Airport Limited · Bond
ICRA AA
2.98%
6.36% Government of India · Government security
SOVEREIGN
2.87%
6.66% National Bank For Agriculture and Rural Development · Bond
ICRA AAA
2.87%
Bank of Baroda · Certificate of deposit
CARE A1+
2.87%
HDFC Bank Limited · Certificate of deposit
CARE A1+
2.86%
10.4% Muthoot Fincorp Ltd · Bond
CRISIL AA
2.64%
10.2% Navi Finserv Limited · Bond
FITCH A
2.34%
10.96% Gaursons India Private Limited · Bond
ICRA A-
2.34%
8.55% Aditya Birla Real Estate Limited · Bond
CRISIL AA
2.33%
9.5% Vedanta Aluminium Metal Limited · Bond
ICRA AA+
2.06%
9.95% Hiranandani Financial Services Private Limited · Bond
CARE A+
2.05%
Small Industries Dev Bank of India · Certificate of deposit
CRISIL A1+
1.95%
5% GMR Airports Limited · Bond
CRISIL AA-
1.93%
Auxilo Finserve Private Limited · Bond
CRISIL A+
1.88%
9.25% Truhome Finance Limited · Bond
CRISIL AA
1.77%
6.84% State Government Securities · State government security
SOVEREIGN
1.73%
8.28% Mancherial Repallewada Road Private Limited · Bond
CARE AAA
1.68%
JSW Kalinga Steel Limited · Bond
CRISIL AA
1.52%
8.8% REC Limited · Bond
CRISIL AAA
1.50%
9.15% Andhra Pradesh State Beverages Corporation Limited · Bond
FITCH AA(CE)
1.48%
7.26% Government of India · Government security
SOVEREIGN
1.48%
7.79% Small Industries Dev Bank of India · Bond
CRISIL AAA
1.47%
7.02% Government of India · Government security
SOVEREIGN
1.47%
8.95% Vedanta Limited · Bond
CRISIL AA+
1.47%
5% GMR Airports Limited · Bond
CRISIL AA-
1.46%
7.96% Mindspace Business Parks REIT · Bond
CRISIL AAA
1.46%
8% Adani Power Limited · Bond
CRISIL AA
1.46%
7.62% National Bank For Agriculture and Rural Development · Bond
CRISIL AAA
1.46%
8.9% Incred Financial Services Limited · Bond
CRISIL AA-
1.45%
10.1% Muthoot Housing Finance Co ltd · Bond
CRISIL AA-
1.44%
6.57% State Government Securities · State government security
SOVEREIGN
1.42%
10.81% Bamboo Hotel And Global Centre (Delhi) Private limited · Bond
ICRA A+(CE)
1.35%
10.15% Nuvoco Vistas Corporation Limited · Bond
CRISIL AA-
1.30%
5% GMR Airports Limited · Bond
CRISIL AA-
1.26%
7.32% Government of India · Government security
SOVEREIGN
1.19%
8.15% Torrent Power Limited · Bond
CRISIL AA+
1.16%
9.25% Muthoot Mcred Limited · Bond
ICRA A
1.15%
7.65% State Government Securities
SOVEREIGN
0.88%
9.7% Muthoot Microfin Ltd · Bond
CRISIL AA-
0.87%
8.9% Veritas Finance Private Limited · Bond
CARE AA-
0.87%
Jubilant Beverages Limited · Bond
CRISIL AA
0.82%
10% Kosamattam Finance Limited · Bond
FITCH A
0.69%
8.22% State Government Securities · State government security
SOVEREIGN
0.60%
7.6% Power Finance Corporation Limited · Bond
CRISIL AAA
0.59%
7.7% Adani Transmission Step-Two Limited · Bond
CRISIL AA+
0.58%
8.08% Suryapet Khammam Road Ltd · Bond
CARE AAA
0.40%
9.31% Vedanta Limited · Bond
CRISIL AA+
0.30%
7.17% Government of India · Government security
SOVEREIGN
0.30%
8.42% State Government Securities · State government security
SOVEREIGN
0.30%
9.45% Vedanta Limited · Bond
CRISIL AA+
0.30%
9.25% Muthoot Mcred Limited · Bond
ICRA A
0.29%
Corporate Debt Market Development Fund Class A2
0.25%
8.95% Vastu Finserve India Private Limited · Bond
CARE AA
0.25%
9.4% Indostar Home Finance Private Limited · Bond
CRISIL AA-
0.23%
Jubilant Bevco Limited · Bond
CRISIL AA
0.16%
8.55% Godrej Properties Limited · Bond
ICRA AA+
0.06%
9.35% Telangana State Industrial Infrastructure Corporation Limited · Bond
FITCH AA(CE)
0.03%
Nippon India 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.
Nippon India Credit Risk Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.61%
Expense ratio (Regular)
1.39%
Category
Credit Risk
Risk
Moderately High
Benchmark
CRISIL Credit Risk Debt B-II Index
Launch date
08-06-2005
Minimum investment
₹500
Minimum additional investment
₹500
AUM
₹1,707.58 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
118780
ISIN (Direct)
INF204K01A74
Scheme code (Regular)
112938
ISIN (Regular)
INF204K01FQ3
NAV history
From 02-01-2013, 13.8 years
Exit load
Exit Load for units in excess of 25% of the investment,1% will be charged for redemption within 12 months.
Tax on Nippon India Credit Risk Fund returns
Nippon India 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
₹42.4429
30-10-2026
direct
Growth
₹0.00
30-10-2026
direct
IDCW
₹0.00
30-10-2026
direct
Quarterly IDCW
₹0.00
30-10-2026
direct
IDCW
₹22.9795
30-10-2026
direct
Quarterly IDCW
₹13.6218
30-10-2026
regular
Growth
₹38.1763
30-10-2026
regular
Institutional Growth
₹40.2237
30-10-2026
regular
Growth
₹0.00
30-10-2026
regular
Institutional Growth
₹0.00
30-10-2026
regular
IDCW
₹0.00
30-10-2026
regular
Quarterly IDCW
₹0.00
30-10-2026
regular
IDCW
₹20.9408
30-10-2026
regular
Quarterly IDCW
₹13.0118
30-10-2026
About Nippon India Credit Risk Fund
Nippon India Credit Risk Fund is a mutual fund from Nippon India Mutual Fund. Its category is Credit Risk. It was launched on 08-06-2005. Its benchmark is CRISIL Credit Risk Debt B-II Index. At the end of September 2026 it held 62 securities.
Fund Manager
Sushil Budhia
Fund manager of Nippon India Credit Risk Fund, since 01-02-2020
Frequently Asked Questions for Nippon India Credit Risk Fund
What is the current NAV of Nippon India Credit Risk Fund?
The Direct plan NAV is ₹42.4429. The Regular plan NAV is ₹38.1763, as on 30-10-2026.
What are the returns of Nippon India Credit Risk Fund?
The Direct plan returned +6.93% in 1 year, +8.71% a year over 3 years, +7.83% a year over 5 years. The Regular plan returned +6.10% in 1 year, +7.88% a year over 3 years, +7.04% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Nippon India Credit Risk Fund?
The Direct plan charges 0.61% a year. The Regular plan charges 1.39% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.
What is the AUM of Nippon India Credit Risk Fund?
Nippon India Credit Risk Fund managed ₹1,707.58 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Nippon India Credit Risk Fund?
At the end of September 2026 the largest holdings were 10.5% Triumph Composites Limited (4.65%), Samriddhi Trust (3.95%), 11.81% Prospera Healthcorp Private Limited (3.78%), 7.44% National Bank For Agriculture and Rural Development (3.19%), 8.45% Adani Airport Holdings Limited (3.19%). The fund held 62 securities in all.
How do I invest in Nippon India Credit Risk Fund?
Through Nippon India 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 ₹500. You can invest once or through a monthly SIP.
Who is the fund manager of Nippon India Credit Risk Fund?
Sushil Budhia (since 01-02-2020).
What is the exit load of Nippon India Credit Risk Fund?
Exit Load for units in excess of 25% of the investment,1% will be charged for redemption within 12 months.
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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