# Nippon India Credit Risk Fund

Nippon Life India Asset Management Limited · Credit Risk · Regular plan, Growth

Full page with charts: https://discovermf.com/funds/nippon-india-credit-risk-fund-112938
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.

## In short

- **What it invests in:** Lending to weaker companies for more interest. Its latest portfolio: 2% shares, 93% bonds and money market and 5% cash.
- **₹10,000 a month:** For the last 5 years: ₹6 lakh put in, worth ₹7.26 lakh on 3 Nov 2026.
- **Next to similar funds:** Over the last 3 years it earned 7.9% a year; similar funds earned 8.6% a year on average.
- **How bumpy:** Moderately high: clear ups and downs. It made money in 94 of every 100 one-year stretches; its worst 12 months saw a fall of 12.8%.
- **Expense ratio:** 1.39% a year. Similar funds: 1.51% on average.
- **Fees and minimums:** A SIP from ₹100 a month. A fee may apply if you sell soon after buying; the full terms are under Cost.

Past returns do not tell you future returns.

## Key facts

- **NAV:** ₹38.26 on 3 Nov 2026
- **Fund size:** ₹1,709 cr (2 Nov 2026)
- **Expense ratio:** 1.39% a year (typical in its category 1.51%)
- **Riskometer:** Moderately High
- **Benchmark:** CRISIL Credit Risk Debt B-II Index
- **Category:** [Credit Risk](https://discovermf.com/categories/credit-risk.md)
- **Fund house:** [Nippon Life India Asset Management Limited](https://discovermf.com/fund-houses/nippon-india)
- **Launched:** 8 Jun 2005 (prices here start 21 May 2010)
- **Exit load:** 25% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.
- **Minimum investment:** ₹500 to start, ₹100 a month by SIP
- **AMFI scheme code:** 112938

## Returns

| Period | Fund | Category average | Benchmark | Rank in category |
| --- | --- | --- | --- | --- |
| 1 month | +0.3% | — | — | — |
| 3 months | +0.9% | — | — | — |
| 6 months | +3.3% | — | — | — |
| 1 year | +6.2% | +7.2% | +5.8% | 7 of 13 |
| 3 years (a year) | +7.9% | +8.6% | +7.7% | 6 of 13 |
| 5 years (a year) | +7.0% | +7.7% | +7.2% | 6 of 12 |
| Since 21 May 2010 (a year) | +6.9% | — | — | — |

### Calendar years

| Year | Fund | Benchmark |
| --- | --- | --- |
| 2026 | +5.3% | — |
| 2025 | +8.9% | — |
| 2024 | +8.3% | — |
| 2023 | +7.9% | — |
| 2022 | +3.9% | — |
| 2021 | +13.5% | — |
| 2020 | -5.9% | — |
| 2019 | +1.9% | — |
| 2018 | +6.1% | — |
| 2017 | +7.0% | — |

### A ₹10,000 monthly SIP

On the first price of each month, valued at the NAV of 3 Nov 2026.

| Started | Put in | Worth | Yearly return (XIRR) |
| --- | --- | --- | --- |
| 3 years ago | ₹3.6 lakh | ₹4.03 lakh | +7.5% |
| 5 years ago | ₹6 lakh | ₹7.26 lakh | +7.6% |
| 10 years ago | ₹12 lakh | ₹16.74 lakh | +6.5% |

## Risk

| Measure | Fund | Category average |
| --- | --- | --- |
| Volatility, last year | 1.0% | 1.3% |
| Worst fall, last year | -0.4% | — |
| Worst fall, last 3 years | -0.4% | — |
| Sharpe ratio, 3 years | 2.42 | — |
| Sortino ratio, 3 years | 4.07 | — |
| Beta, 3 years | — | — |
| Alpha, 3 years | — | — |

## Portfolio, September 2026

65 holdings. Equity 1.9%, Debt 92.5%, Cash and equivalents 5.4%, Other 0.3%.

### Largest holdings

| Holding | Sector or type | Weight |
| --- | --- | --- |
| 10.5% Triumph Composites Limited | Debt | 4.65% |
| Triparty Repo | Cash | 4.05% |
| Samriddhi Trust | Debt | 3.95% |
| 11.81% Prospera Healthcorp Private Limited | Debt | 3.78% |
| 7.44% National Bank For Agriculture and Rural Development | Debt | 3.19% |
| 8.45% Adani Airport Holdings Limited | Debt | 3.19% |
| 9.75% Delhi International Airport Limited | Debt | 2.98% |
| 6.36% Government of India | Debt | 2.87% |
| Bank of Baroda | Money_market | 2.87% |
| 6.66% National Bank For Agriculture and Rural Development | Debt | 2.87% |

## Managers

- [Sushil Budhia](https://discovermf.com/fund-managers/sushil-budhia), since 1 Feb 2020

## Objective

The primary investment objective of this option is to generate optimal returns consistent with moderate level of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly investments shall predominantly be made in Debt & Money Market Instruments.