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HDFC Credit Risk Debt Fund - Regular Plan download report

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Debt: Credit Risk

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1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 Lakh

Suitability:

"Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
HDFC Credit Risk Debt Reg-G -0.03 0.05 0.17 -0.70 -0.74 0.44 3.79 7.79 7.04 7.83 --
CCIL T Bill Liquidity Weight 0.59 0.04 0.04 -0.01 0.29 0.85 1.92 2.78 3.34 3.74 --
Debt: Credit Risk 9.62 0.02 0.12 -0.67 8.13 9.99 15.83 3.69 4.19 5.59 --
Rank within category 10 4 4 13 12 10 11 2 2 2 --
Number of funds in category 15 15 15 15 15 15 15 15 15 14 4

As on 20-May-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HDFC Credit Risk Debt Fund - Regular Plan  | Invest Online
5 star
 Mar-14 3.79 7.79 7.04 1.57% 8,925
ICICI Prudential Credit Risk Fund  | Invest Now
4 star
 Dec-10 4.94 7.80 7.44 1.56% 8,317
SBI Credit Risk Fund  | Invest Online
4 star
 Jul-04 3.88 6.64 6.35 1.55% 3,131
Axis Credit Risk Fund - Regular Plan
4 star
 Jul-14 3.57 5.29 5.71 1.66% 719
Kotak Credit Risk Fund Regular Plan  | Invest Online
3 star
 May-10 1.31 5.34 5.75 1.72% 1,690

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.37 24-Mar-2020 - 31-Mar-2020 -1.75 12-Mar-2020 - 19-Mar-2020
Month 3.48 10-Jun-2020 - 10-Jul-2020 -2.24 25-Feb-2020 - 26-Mar-2020
Quarter 5.44 04-May-2020 - 03-Aug-2020 -0.89 10-Feb-2020 - 11-May-2020
Year 12.90 04-May-2020 - 04-May-2021 3.05 31-Oct-2017 - 31-Oct-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
HDFC Credit Risk Debt Reg-G 8.08 2.55 1.79 2.12 -0.67 4.11
CCIL T Bill Liquidity Weight 2.86 0.36 -1.85 -5.13 -- --
Debt: Credit Risk 5.65 10.05 0.68 0.87 -6.80 -2.44
Rank within category 2 4 2 3 11 2
Number of funds in category 15 15 15 15 15 15

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 97 106 94 31
Modified Duration (yrs) 2.24 2.55 2.24 1.84
Average Maturity (yrs) 2.92 3.43 2.89 2.48
Yield to Maturity (%) 7.20 7.20 6.54 6.56
Avg Credit Rating AA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Bharti Hexacom 19/01/2024 Non Convertible Debenture AA+ 0.00 - 4.21 4.02
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 3.90 - 4.71 3.91
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 3.76 - 4.53 3.76
equal 9.10% Power Finance Corporation 23/03/2029 Non Convertible Debenture AAA 3.40 - 4.08 3.40
new SAIL 35-D 30/05/2022 Commercial Paper A1+ 0.00 - 3.35 3.35
equal 6.70% DLF Cyber City Developers 30/09/2024 Debenture AA 0.00 - 3.07 3.03
equal 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 0.14 - 2.85 2.52
equal 9.65% Green Infra Wind Energy 2023 Debenture AA 2.37 - 3.02 2.37
equal 8.50% Tata Motors 29/01/2027 Non Convertible Debenture AA- 2.34 - 2.73 2.34
equal 8.50% Tata Motors 30/12/2026 Non Convertible Debenture AA- 2.22 - 2.62 2.22
equal 7.45% Hinduja Leyland Finance Non Convertible Debenture AA- 0.00 - 2.23 2.22
equal 8.85% TVS Credit Services 2027 Non Convertible Debenture AA- 0.00 - 2.22 2.20
equal Tata Teleservices 364-D 10/03/2023 Commercial Paper A1+ 0.00 - 2.14 2.14
equal 8.25% DLF 25/03/2024 Debenture AA- 0.00 - 1.96 1.96
equal 6.40% Jamnagar Utilities and Power 29/09/2026 Non Convertible Debenture AAA 0.00 - 1.99 1.90
equal Hero Housing Finance 2025 Non Convertible Debenture AA+ 0.00 - 1.68 1.68
equal Promont Hillside 31/03/2025 Zero Coupon Bonds AA 0.00 - 1.68 1.68
equal Powergrid Infrastructure Investment Trust Infrastructure Investment Trust -- 1.42 - 1.66 1.66
equal Shriram City Union Finance 21/09/2024 Floating Rate Notes AA 0.00 - 1.57 1.57
equal Inox Wind Non Convertible Debenture AA 1.49 - 1.78 1.51
equal 9.40% TVS Credit Services 26/08/2026 Non Convertible Debenture AA- 1.46 - 1.72 1.47
equal 7.17% GOI 2028 GOI Securities SOV 1.42 - 1.72 1.42
equal GIC Housing Fin. 20/10/2023 Non Convertible Debenture AA 0.00 - 1.40 1.40
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 1.39 - 1.98 1.40
equal 6.75% Sikka Ports and Terminals 22/04/2026 Debenture AAA 0.00 - 1.62 1.39

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Apr-2022

Fund Manager

— Shobhit Mehrotra since 06-Mar-2014

Education: He is an MBA from Clemson University, USA.

Experience: Prior to joining HDFC AMC he has worked with Franklin Templeton AMC, and ICRA.

Funds Managed:

Invest Online
0.05%

Change from previous, NAV as on 20-May-2022

Growth: ₹ 19.2416

IDCW Quarterly: ₹ 10.1935

IDCW: ₹ 17.7176

Investment Strategy

The scheme seeks to generate income/capital appreciation by investing predominantly in AA and below rated corporate debt.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 500
Min. Balance (₹) 1
Lock-in Period Not Applicable
Exit Load For units in excess of 15% of the investment,1% will be charged for redemption within 365 days
For units in excess of 15% of the investment,0.5% will be charged for redemption between 366 - 540 days

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 25-Mar-2014
Return Since Launch: 8.35%
Benchmark: NIFTY Credit Risk Bond Index C-III
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 8,925 Cr (As on 30-Apr-2022)
Expense: 1.57% (As on 30-Apr-2022)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly25-Mar-20220.1600

 27-Dec-20210.1780
 27-Sep-20210.1810
 25-Jun-20210.2440
 25-Mar-20210.2260
 28-Dec-20200.2150
 25-Sep-20200.3440
 25-Jun-20200.1970
 18-Mar-20200.0785
 26-Dec-20190.1743
 25-Sep-20190.1577
 25-Jun-20190.1426
 25-Mar-20190.1401
 26-Dec-20180.2168
 25-Sep-20180.0533
 25-Jun-20180.0370
 26-Mar-20180.2889
 25-Sep-20170.3159
 27-Mar-20170.3051
 26-Sep-20160.4842
 28-Mar-20160.1560
 28-Sep-20150.3229
 25-Mar-20150.3397
 25-Sep-20140.3745

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: Ground Floor, Mafatlal House, H.T Parekh Marg Backbay Reclamation Churchgate Mumbai - 400020

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 022-22821144

Website: http://www.hdfcfund.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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