HSBC Credit Risk Fund Direct-Growth
NAV as of Jun 12, 2025
34.96-0.03%
- Growth - Direct
(Earn upto 0.73% Extra Returns with Direct Plan)
Fund Category:
Debt: Credit Risk
Expense Ratio:
0.96%(0.66% Category
average)Fund Size:
Rs. 657.46 Cr(3.15% of Investment in Category)
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HSBC Credit Risk Fund Direct-Growth
NAV as of Jun 12, 2025
34.96-0.03%
Expense Ratio:
0.96%
Fund Size:
Rs. 657.46 Cr
Fund Category:
Debt: Credit Risk
1. Current NAV: The Current Net Asset Value of the HSBC Credit Risk Fund - Direct Plan as of Jun 12, 2025 is Rs 34.96 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 23.02% (1yr), 12.25% (3yr), 10.44% (5yr) and 8.39% (since launch). Whereas, Category returns for the same time duration are: 11.75% (1yr), 8.74% (3yr) and 9.58% (5yr).
3. Fund Size: The HSBC Credit Risk Fund - Direct Plan currently holds Assets under Management worth of Rs 669.62 crore as on Apr 30, 2025.
4. Expense ratio: The expense ratio of the fund is 0.96% for Direct plan as on Jun 05, 2025.
5. Exit Load: HSBC Credit Risk Fund - Direct Plan shall attract an Exit Load, "Exit Load for units in excess of 10% of the investment, 3% will be charged for redemption within 1 year and 2% if redeemed after 1 year upto 2 year."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 1000.
HSBC Credit Risk Fund Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.92 15.69 17.65 22.58 12.11 10.38 Category Avg 1.00 3.92 6.87 11.33 8.64 9.50 Rank within Category 10 1 2 2 3 5 No. of funds within Category 14 14 14 14 14 14 - Loading...
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Return Comparison
- This Fund
- BenchmarkNippon India Credit Risk Direct-G
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HSBC Credit Risk Fund Direct-Growth Fund Details
Investment Objective - The scheme seeks to generate regular returns and capital appreciation by investing predominantly in AA and below rated corporate bonds, debt, government securities and money market instruments.
| Fund House | HSBC Mutual Fund |
| Launch Date | Jan 01, 2013 |
| Benchmark | NIFTY Credit Risk Bond Index B-II |
| Return Since Launch | 8.36% |
| Riskometer | Moderately High |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | - |
HSBC Credit Risk Fund Direct-Growth Investment Details
| Minimum Investment (Rs.) | 5,000.00 |
| Minimum Additional Investment (Rs.) | 1,000.00 |
| Minimum SIP Investment (Rs.) | 1,000.00 |
| Minimum Withdrawal (Rs.) | 500.00 |
| Exit Load Exit Load for units in excess of 10% of the investment, 3% will be charged for redemption within 1 year and 2% if redeemed after 1 year upto 2 year. | |
Portfolio Allocation
Portfolio Aggregates
| Fund | 1Y High | 1Y Low | Category | |
|---|---|---|---|---|
| Modified Duration(Yrs) | 2.63 | 3.59 | 0.4 | 2.1681 |
| Average Maturity(Yrs) | 3.45 | 5.12 | 0.48 | 3.0454 |
| Yield to Maturity(%) | 7.9 | 9.01 | 6.35 | 8.0213 |
| Avg Credit Rating | Average | - | - | - |
Style Box
Investment / Portfolio Grades
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| Government Backed | 16.01 | 15.22 |
| Low Risk | 78.40 | 72.07 |
| Moderate Risk | - | 0.37 |
| High Risk | - | - |
| Very High Risk | - | - |
| Others | 5.59 | 8.89 |
Type of Holdings
| Security Type | Weight(%) | Category Avg(%) |
|---|---|---|
| GOI | 29.88 | 17.76 |
| CD | 2.79 | 1.99 |
| T-Bills | - | - |
| CP | - | 0.07 |
| NCD & Bonds | 62.94 | 69.29 |
| PTC | 3.66 | 0.86 |
| Cash & Others | 0.73 | 9.53 |
Debt Holding In Portfolio
| Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
|---|---|---|---|---|---|---|
| GOI | GOI Securities | Sovereign | SOV | 622.10 | 10.77 | - |
| GOI | GOI Securities | Sovereign | SOV | 476.60 | 8.25 | - |
| Godrej Housing Finance Ltd | Debenture | Financial | AA | 323.11 | 5.59 | - |
| Godrej Industries Ltd | Non Convertible Debenture | Consumer Staples | AA | 280.63 | 4.86 | - |
| Nirma Ltd | Debenture | Consumer Staples | AA | 264.42 | 4.58 | - |
| JSW Steel Ltd | Debenture | Metals & Mining | AA | 260.94 | 4.52 | - |
| National Bank For Agriculture & Rural Development | Debenture | Financial | AAA | 259.44 | 4.49 | - |
| Aditya Birla Renewables Ltd | Bonds/NCDs | Energy | AA | 251.00 | 4.34 | - |
| Nuvoco Vistas Corporation Ltd | Bonds/NCDs | Materials | AA | 250.73 | 4.34 | - |
| JM Financial Services Pvt Ltd | Non Convertible Debenture | Financial | AA | 215.95 | 3.74 | - |
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y HSBC Credit Risk Fund Direct-Growth 34.96 Unrated 657.46 0.92 22.58 12.11 10.38 Nippon India Credit Risk Fund Direct-Growth 38.41 1,017.30 1.13 10.37 8.98 9.65 Axis Credit Risk Fund Direct-Growth 23.91 361.10 1.15 10.00 8.54 8.00 Baroda BNP Paribas Credit Risk Fund Direct-Growth 24.39 178.43 1.07 10.05 8.79 11.13 SBI Credit Risk Fund Direct-Growth 49.19 2,244.78 1.14 9.56 8.77 8.01
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
6.84VS2.04Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
9.40VS2.47Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
0.79VS1.65Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
0.58VS1.26Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
23.31VS7.50Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
11.73VS9.10Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
HSBC Mutual Fund News
Fund Manager
- S.R.Shriram RamanathanSince Jan 20138 schemes
- S.M.Shobheta ManglikSince Jan 20130 schemes
Shriram is a B.E. (Electrical), PGDBM from XLRI Jamshedpur and CFA. Prior to joining HSBC Mutual Fund, he has worked with L&T MF, FIL Fund Management Pvt. Ltd., ING Investment Management, Zurich Asset Management Co., ICICI Ltd., and L&T Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y HSBC Medium Duration Fund Direct-Growth Medium Duration 22.33 647.81 10.35 HSBC Gilt Fund Direct-Growth Gilt 75.66 295.44 8.95 HSBC Dynamic Bond Fund Direct-Growth Dynamic Bond 32.11 185.12 9.95 HSBC Short Duration Fund Direct-Growth Short Duration 28.10 3,928.37 9.85 HSBC Medium to Long Duration Fund Direct-Growth Medium to Long Duration 47.05 50.69 9.82 HSBC Aggressive Hybrid Fund Direct-Growth Aggressive Hybrid 61.71 5,396.34 5.41 HSBC Corporate Bond Direct-Growth Corporate Bond 78.02 5,894.57 10.00 HSBC Low Duration Fund Direct-Growth Low Duration 30.23 Unrated 579.95 9.93 Ms. Manglik is a PGDBM from IMT Ghaziabad. Prior joining to L&T Mutual Fund, he has worked with Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd., Fidelity Investments, Reliance Capital and PNB Gilts.
No schemes for the Fund Manager
More HSBC Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| HSBC Liquid Fund Direct-Growth | 18,232.56 | 0.51 | 1.79 | 3.60 | 7.35 | 6.97 | |
| HSBC Small Cap Fund Direct-Growth | 14,736.99 | 7.61 | 11.49 | -5.22 | 3.27 | 25.19 | |
| HSBC Value Fund Direct-Growth | 13,095.25 | 6.03 | 11.82 | 2.48 | 9.83 | 28.36 | |
| HSBC Midcap Fund Direct-Growth | 10,724.08 | 8.92 | 13.30 | -1.71 | 9.00 | 27.12 | |
| HSBC Corporate Bond Direct-Growth | 5,711.85 | 1.12 | 3.62 | 5.35 | 10.01 | 8.19 | |
| HSBC Aggressive Hybrid Fund Direct-Growth | 5,124.56 | 6.56 | 10.58 | 0.14 | 7.00 | 18.16 | |
| HSBC Flexi Cap Fund Direct-Growth | 4,700.30 | 6.63 | 11.84 | 1.09 | 12.37 | 24.31 | |
| HSBC Multi Cap Fund Direct - Growth | 4,474.49 | 5.95 | 10.54 | 1.10 | 8.14 | - | |
| HSBC Banking and PSU Debt Fund Direct-Growth | 4,272.40 | 1.11 | 3.60 | 5.28 | 9.36 | 7.57 | |
| HSBC ELSS Tax Saver Fund Direct-Growth | 3,917.33 | 6.08 | 11.24 | 2.24 | 11.63 | 24.55 |
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1. HSBC Credit Risk Fund - Direct Plan is Open-ended Credit Risk Debt scheme which belongs to HSBC Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate regular returns and capital appreciation by investing predominantly in AA and below rated corporate bonds, debt, government securities and money market instruments. "
2. It is benchmarked against NIFTY Credit Risk Bond Index B-II.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of HSBC Credit Risk Fund - Direct Plan is 3.45 years and Duration is 2.63 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on HSBC Credit Risk Fund Direct-Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about HSBC Credit Risk Fund Direct-Growth
- Is it safe to invest in HSBC Credit Risk Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the HSBC Credit Risk Fund - Direct Plan comes under Moderately High risk category.
- What is the category of HSBC Credit Risk Fund - Direct Plan?HSBC Credit Risk Fund - Direct Plan belongs to the Debt : Credit Risk category of funds.
- How Long should I Invest in HSBC Credit Risk Fund - Direct Plan?The suggested investment horizon of investing into HSBC Credit Risk Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the HSBC Credit Risk Fund - Direct Plan?The HSBC Credit Risk Fund - Direct Plan is managed by Shriram Ramanathan (Since Jan 01, 2013) and Shobheta Manglik (Since Jan 01, 2013).
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