MonitorDirect · GrowthWatch before adding
HDFC Credit Risk Fund
HDFC Mutual FundIncome/Debt Oriented Schemes - Credit Risk Fund12.6 years
The scheme seeks to generate income/capital appreciation by investing predominantly in AA and below rated corporate debt.
- NAV
- 28.2763
- 28 Oct 2026
- 1Y
- +5.9%
- Trailing CAGR
- AUM
- ₹7,630.51 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.5% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 28 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 56% of rolling 3-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Prefer peers if · Prefer HSBC Credit Risk Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
12.6 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
1.01% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -2.6%. Ask whether you can hold through a similar fall.
Vs category
Pass
56% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Bhavyesh Divecha · 0.6 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 30.9% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+5.9%
- 3Y+7.9%
- 5Y+7.0%
- 10Y+7.7%
- SI+8.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+5.6%
- 3Y+7.3%
- 5Y+7.4%
- 10Y+7.6%
- Since inception
- +8.6%
- Calendar-day CAGR
- Excess 1Y
- -0.3%
- Category median, same plan and option
- 3Y win rate
- +56%
- Windows beating the median
- 3Y percentile
- 25
- Vs comparable share classes
- SIP 3Y XIRR
- +7.3%
- Simulated monthly SIP
- Worst rolling 3Y
- +6.3%
- 2323 daily-ending windows
- Median rolling 3Y
- +8.2%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1841 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -2.6%
- Worst peak-to-trough
- Current
- -0.4%
- Below last peak
- Current spell
- 35 days
- Days below latest peak
- Time below peak
- +41%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 314 recovered episodes
- Longest recovery
- 83 days
- Trough to prior peak
6 Mar 2020 – 17 Jun 2020
Trough 26 Mar 2020 · recovered in 83 days
-2.6%
6 Apr 2022 – 25 Jul 2022
Trough 6 May 2022 · recovered in 80 days
-1.5%
9 Apr 2018 – 12 Jul 2018
Trough 17 May 2018 · recovered in 56 days
-1.3%
5 Dec 2016 – 10 Jan 2017
Trough 28 Dec 2016 · recovered in 13 days
-1.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
25
Vs category
48
Consistency
57
Risk-adjusted
100
Drawdown
94
Mean
65
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
No status reasons yet. History is still thin.
Supporting reads
- The fund beat the category median in 56% of rolling 3-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 95 holdings · top 10 are 30.9%.
- Top 5
- 18.0%
- Top 10
- 30.9%
- Largest holding
- 4.9%
- Effective holdings
- 52.0
GMR AIRPORTS LIMITED 5 BD 13FB27 FVRS1LAC
Industrials
4.9%
NIRMA LIMITED SR VII TR C 8.50 NCD 07AP27 FVRS1LAC
Consumer Staples
3.9%
Bharat Highways InvIT
Industrials
3.2%
TRIUMPH COMPOSITES PRIVATE LIMITED 10.50 NCD 27AP31 FVRS1LAC
Materials
3.1%
JUBILANT BEVERAGES LIMITED NCD 31MY28 FVRS1LAC
Consumer Staples
2.8%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
HSBC Credit Risk Fund
HSBC Mutual Fund
- 1Y
- +5.6%
- 3Y
- +11.5%
- Vol
- 5.7%
- Max DD
- -0.4%
- Sharpe
- 0.80
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Axis Credit Risk Fund
Axis Mutual Fund
- 1Y
- +7.1%
- 3Y
- +8.6%
- Vol
- 1.6%
- Max DD
- -3.5%
- Sharpe
- 1.45
- 3Y win
- +62%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Invesco India Credit Risk Fund
Invesco Mutual Fund
- 1Y
- +6.9%
- 3Y
- +8.7%
- Vol
- 2.9%
- Max DD
- -8.0%
- Sharpe
- 0.49
- 3Y win
- +38%
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
UTI - Credit Risk Fund.
UTI Mutual Fund
- 1Y
- +5.6%
- 3Y
- +7.6%
- Vol
- 6.2%
- Max DD
- -34.4%
- Sharpe
- -0.04
- 3Y win
- +34%
- Lower TER
Caveat: Higher volatility · Deeper drawdown · Lower trailing returns