# Credit Risk funds

At least 65% in corporate bonds rated below the highest grades.

Full page: https://discovermf.com/categories/credit-risk
Figures as of 3 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

13 funds managing ₹22,122 cr. Category averages: +7.2% over one year, +8.6% a year over three years; typical expense ratio 1.51%.

## All funds, by three-year return

| Fund | 1 year | 3 years (a year) | 5 years (a year) | Volatility | Expense ratio | Fund size |
| --- | --- | --- | --- | --- | --- | --- |
| [DSP Credit Risk Fund](https://discovermf.com/funds/dsp-credit-risk-fund-101837.md) | +9.6% | +12.8% | +12.5% | 6.1% | 1.19% | ₹337 cr |
| [Aditya Birla Sun Life Credit Risk Fund](https://discovermf.com/funds/aditya-birla-sun-life-credit-risk-fund-134383.md) | +10.4% | +12.0% | +9.9% | 3.6% | 1.60% | ₹1,725 cr |
| [HSBC Credit Risk Fund](https://discovermf.com/funds/hsbc-credit-risk-fund-151043.md) | +5.1% | +10.7% | — | 0.9% | 1.66% | ₹438 cr |
| [Bank of India Credit Risk Fund](https://discovermf.com/funds/bank-of-india-credit-risk-fund-133867.md) | +16.5% | +9.6% | +10.9% | 7.2% | 1.36% | ₹78.6 cr |
| [ICICI Prudential Credit Risk Fund](https://discovermf.com/funds/icici-prudential-credit-risk-fund-114239.md) | +6.2% | +8.1% | +7.2% | 1.4% | 1.43% | ₹6,299 cr |
| [Nippon India Credit Risk Fund](https://discovermf.com/funds/nippon-india-credit-risk-fund-112938.md) | +6.2% | +7.9% | +7.0% | 1.0% | 1.39% | ₹1,709 cr |
| [Axis Credit Risk Fund](https://discovermf.com/funds/axis-credit-risk-fund-130309.md) | +6.6% | +7.8% | +6.8% | 1.2% | 1.56% | ₹370 cr |
| [SBI Credit Risk Fund](https://discovermf.com/funds/sbi-credit-risk-fund-102505.md) | +6.6% | +7.7% | +7.0% | 1.3% | 1.54% | ₹2,181 cr |
| [Invesco India Credit Risk Fund](https://discovermf.com/funds/invesco-india-credit-risk-fund-130721.md) | +5.7% | +7.5% | +7.1% | 1.7% | 1.46% | ₹175 cr |
| [HDFC Credit Risk Fund](https://discovermf.com/funds/hdfc-credit-risk-fund-128053.md) | +5.8% | +7.4% | +6.4% | 1.3% | 1.51% | ₹7,590 cr |
| [Kotak Credit Risk Fund](https://discovermf.com/funds/kotak-credit-risk-fund-117716.md) | +5.1% | +7.3% | +5.7% | 1.4% | 1.73% | ₹763 cr |
| [UTI Credit Risk Fund](https://discovermf.com/funds/uti-credit-risk-fund-117981.md) | +5.0% | +6.9% | +6.1% | 1.0% | 1.43% | ₹239 cr |
| [Bandhan Credit Risk Fund](https://discovermf.com/funds/bandhan-credit-risk-fund-140609.md) | +4.1% | +6.0% | +5.2% | 1.1% | 1.67% | ₹219 cr |

## Questions

### How many Credit Risk funds are there?

13 funds, managing ₹22,122 cr between them as of 3 Nov 2026. The largest is HDFC Credit Risk Fund, at ₹7,590 cr.

### What return have Credit Risk funds given?

The average Credit Risk fund returned +7.2% over the last year, +8.6% a year over three years, +7.7% a year over five years. Over the last year the funds ranged from +4.1% to +16.5%. Past returns do not tell you future returns.

### Which Credit Risk fund has the lowest expense ratio?

DSP Credit Risk Fund, at 1.19% a year, against 1.51% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.

### Which Credit Risk fund has the highest three-year return?

DSP Credit Risk Fund, at +12.8% a year over the last three years, against +8.6% for the average fund. Past returns do not tell you future returns.

### How risky are Credit Risk funds?

Their volatility over the last year averaged 1.3%: the higher it is, the more the price swings from day to day. 8 of 13 carry the riskometer level Moderately High, on SEBI's six-step scale from Low to Very High.