Mutual Funds › MFIC › Credit Risk › Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)
Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)
Nippon India Mutual Fund · Credit Risk · Direct plan, growth option
NAV (₹), 1 Oct 2026
42.3977
1-day change
-0.02%
1Y return
7.6%
3Y CAGR
8.8%
5Y CAGR
7.8%
Max drawdown, 5Y
−1.2%
NAV history month-end NAV, ₹ · 2 Jan 2013 to 1 Oct 2026
Returns vs Credit Risk median (13 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.4% | 0.2% |
| 3 months | 1.3% | 1.2% |
| 6 months | 4.2% | 4.4% |
| Year to date | 5.7% | 5.7% |
| 1 year | 7.6% | 7.5% |
| 3 years (CAGR) | 8.8% | 8.8% |
| 5 years (CAGR) | 7.8% | 7.8% |
| 7 years (CAGR) | 6.6% | 8.0% |
| 10 years (CAGR) | 6.5% | 7.7% |
| Since first NAV (CAGR) | 7.6% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 8.8% | 8.6% |
| 3Y rolling median | 8.8% | 8.2% |
| 3Y rolling worst | 0.3% | 5.2% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 5.6% | 7.1% |
| 5Y rolling worst | 4.2% | 6.1% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 1.1% | 1.3% |
| Sharpe ratio | 1.92 | 1.15 |
| Sortino ratio | 4.33 | 3.62 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −13.8% | −3.9% |
| Maximum drawdown, last 10Y | −13.8% | −3.9% |
| Maximum drawdown, last 5Y | −1.2% | −1.0% |
| Current drawdown | 0.0% | −0.1% |
| Recovery time of worst fall | 471 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the market below, which is also close to how many of them are benchmarked. Where that market stands today:
6.78%
1 Jul 2026 · +0.43 pp in a year · 5Y average 6.90%
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.39% a year and the Direct plan's 0.61%, a gap of 0.78%; over the last 3 years the Direct plan returned 0.83 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹19,05,222.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Sushil Budhia | Primary | 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.
Stated asset allocation: Corporate Bonds rated AA and below ; Maximum 100, Minimum 65. Debt & Money Market Instruments (including corporate bonds rated AA+ & above, government securities issued by Central and/or State Government); Maximum 35, Minimum 0. Units issued by REITs and InvITs; Maximum 10, Minimum 0.
Benchmark (tier 1): CRISIL Credit Risk Debt B-II Index
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 application: ₹500
Allotment date: 8 Jun 2005
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.61% | 0.80% |
| AUM, whole scheme (₹ crore) | 1,708 | 441 |
| Riskometer | Moderately High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 7.7% | 6.8% TRI |
| Return, 3 years (AMFI) | 8.8% | 7.8% TRI |
| Return, 5 years (AMFI) | 7.9% | 7.2% TRI |
| Month-ends above category median (3Y CAGR) | 31% | 44% median |
| Month-ends in category top quartile (3Y) | 6% | 29% median |
| 7Y rolling CAGR, median (monthly windows) | 6.0% | 7.2% median |
Official benchmark: CRISIL Credit Risk Debt B-II Index (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Credit Risk Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 5.7% | n/a | – |
| 2025 | 9.8% | n/a | – |
| 2024 | 9.1% | n/a | – |
| 2023 | 8.7% | n/a | – |
| 2022 | 4.5% | n/a | – |
| 2021 | 14.2% | n/a | – |
| 2020 | -5.3% | n/a | – |
| 2019 | 2.6% | n/a | – |
| 2018 | 7.0% | n/a | – |
| 2017 | 8.0% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,24,865 | 7.6% |
| 3 years | ₹3,60,000 | ₹4,09,998 | 8.6% |
| 5 years | ₹6,00,000 | ₹7,43,624 | 8.5% |
| 10 years | ₹12,00,000 | ₹17,43,802 | 7.3% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Credit Risk
Plan / option: Direct · Growth
AMFI scheme code: 118780
ISIN: INF204K01A74
First NAV in MFIC data: 2 Jan 2013
History: 13.7 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund | Debt Index Fund | 0.95 | n/a |
| Axis Credit Risk Fund | Credit Risk | 0.95 | 8.7% |
| Nippon India Short Term Fund | Short Duration | 0.94 | 7.6% |
| HSBC Banking and PSU Debt Fund | Banking & PSU | 0.94 | 6.9% |
| Baroda BNP Paribas Short Term Fund (the scheme has 2 segregated portfolios) | Short Duration | 0.94 | 7.4% |
| LIC MF Short Term Fund | Short Duration | 0.94 | 7.5% |
Questions about Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)
- What is the latest NAV of Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)?
- The NAV of the Direct plan (growth option) was ₹42.3977 on 1 Oct 2026, as published by AMFI.
- Which category is Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1) in?
- It is classified as Credit Risk in AMFI's daily NAV file. MFIC compares it with 13 Credit Risk schemes (Direct plans).
- What returns has Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1) delivered?
- Over one year the NAV changed by 7.6%. The 3-year CAGR is 8.8% (category median 8.8%) and the 5-year CAGR is 7.8% (category median 7.8%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 8.8%, the lowest was 0.3%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)'s NAV?
- The largest peak-to-trough fall in its available history was 13.8%; within the last five years it was 1.2% (category median 1.0%).
- How volatile is Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)?
- Its annualised standard deviation of monthly returns over the last 36 months is 1.1%, which is below the Credit Risk category median of 1.3%.
- What would a monthly SIP in Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1) have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,43,624 on 1 Oct 2026, an annualised return (XIRR) of 8.5%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)?
- The total expense ratio of the Direct plan is 0.61% a year, as disclosed to AMFI (median of Credit Risk Direct plans: 0.80%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)?
- Assets under management of the whole scheme were ₹1,708 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)?
- AMFI lists the scheme's riskometer as “Moderately High”, and its benchmark's as “Moderate”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1) and how has it compared?
- Its official benchmark is the CRISIL Credit Risk Debt B-II Index. Over 3 years AMFI reports a return of 8.8% for this plan against 7.8% for the benchmark total return index; over 5 years 7.9% against 7.2%. Past performance does not indicate future results.
- How often has Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1) beaten its category?
- At 31% of the 120 month-ends compared over the last 10 years, its 3-year return was above the median of Credit Risk schemes (Direct plans); it was in the top quarter at 6% of them. A typical scheme would show about 50%.
- Who manages Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)?
- According to its Scheme Summary Document, Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1) is managed by Sushil Budhia (since 1 Feb 2020).
- What is the exit load of Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)?
- As stated in its scheme documents: 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. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)?
- The minimum application amount is ₹500. SIP details: SIP - Rs.100/- per month (minimum 60 months) Rs.500/- per month (minimum 12 months) Rs.1000/- per month (minimum 6 months) Rs. 500/- per quarter (minimum 12 quarters) Rs.1500/- per quarter (minimum 4 quarters) Rs. 5000/- per year (minimum 2 years) SWP - 500 STP - Daily- Minimum of Rs. 100 Weekly / Fortnight / Monthly option - Rs. 1000 Quarterly - Rs. 3000 Capital Appreciation Monthly/ Quarterly - Rs. 500.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 7.6% and the Regular plan's by 6.8%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.