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5 star

HDFC Credit Risk Debt Fund - Direct Plan


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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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(₹)
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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
Fund 0.20 0.02 0.15 0.22 1.16 3.21 7.34 9.26 8.19 9.04 --
CCIL T Bill Liquidity Weight 0.09 0.02 0.03 0.21 0.49 1.07 2.12 3.13 3.51 3.93 --
Debt: Credit Risk 0.14 0.02 0.12 0.19 0.98 5.15 9.49 3.18 4.27 7.02 --
Rank within category 5 9 6 9 3 7 7 1 3 1 --
Number of funds in category 16 16 16 16 16 16 16 16 15 12 0

As on 14-Jan-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 - Direct Plan  | Invest Online
5 star
Mar-14 7.34 9.26 8.19 0.85% 8,979
ICICI Prudential Credit Risk Fund - Direct Plan  | Invest Now
5 star
Jan-13 7.03 9.11 8.50 0.87% 8,416
SBI Credit Risk Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.80 7.61 7.45 0.92% 3,289
Axis Credit Risk Fund - Direct Plan
4 star
Jul-14 7.01 7.24 7.29 0.81% 730
Kotak Credit Risk Fund - Direct Plan  | Invest Online
3 star
Jan-13 6.32 7.89 7.59 0.75% 1,857

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.37 24-Mar-2020 - 31-Mar-2020 -1.74 12-Mar-2020 - 19-Mar-2020
Month 3.51 10-Jun-2020 - 10-Jul-2020 -2.21 25-Feb-2020 - 26-Mar-2020
Quarter 5.56 04-May-2020 - 03-Aug-2020 -0.78 10-Feb-2020 - 11-May-2020
Year 13.79 24-Nov-2015 - 24-Nov-2016 3.91 31-Oct-2017 - 31-Oct-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.02 2.56 2.07 2.49 -0.84 4.78
CCIL T Bill Liquidity Weight 3.13 0.39 -1.53 -4.65 -- --
Debt: Credit Risk 3.66 7.10 0.78 0.94 -5.19 -3.19
Rank within category 1 5 2 2 12 2
Number of funds in category 16 16 16 16 16 16

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

As on 31-Dec-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 96 106 94 28
Modified Duration (yrs) 2.54 2.54 1.95 1.92
Average Maturity (yrs) 3.38 3.38 2.44 2.47
Yield to Maturity (%) 6.63 8.05 6.54 5.41
Avg Credit Rating AAA -- -- --

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 3.94 - 5.21 3.94
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 3.80 - 4.75 3.80
equal 9.10% Power Finance Corporation 23/03/2029 Non Convertible Debenture AAA 3.46 - 4.58 3.46
equal 9.70% Shriram City Union Finance 2022 Non Convertible Debenture AA 3.13 - 4.10 3.13
equal 6.70% DLF Cyber City Developers 30/09/2024 Debenture AA 0.00 - 3.07 3.05
equal 8.98% Punjab National Bank Additional Tier 1 Bond AA 0.00 - 2.87 2.76
equal 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 0.00 - 2.85 2.57
equal 9.65% Green Infra Wind Energy 2023 Debenture AA 1.01 - 3.02 2.46
equal 8.50% Tata Motors 29/01/2027 Non Convertible Debenture AA- 2.38 - 2.96 2.38
equal 8.50% Tata Motors 30/12/2026 Non Convertible Debenture AA- 2.26 - 2.84 2.26
new 8.85% TVS Credit Services 2027 Non Convertible Debenture AA- 0.00 - 2.22 2.22
equal 6.40% Jamnagar Utilities and Power 29/09/2026 Non Convertible Debenture AAA 0.00 - 1.99 1.92
equal 9.50% DLF 17/03/2023 Non Convertible Debenture AA- 0.00 - 1.68 1.67
equal Inox Wind Non Convertible Debenture AA 1.35 - 1.78 1.51
equal 9.40% TVS Credit Services 26/08/2026 Non Convertible Debenture AA- 0.00 - 1.77 1.48
equal 7.17% GOI 2028 GOI Securities SOV 1.41 - 2.01 1.45
equal Powergrid Infrastructure Investment Trust Infrastructure Investment Trust -- 0.00 - 1.56 1.43
equal NUVOCO Vistas Corp. 31/03/2022 Debenture AA 0.00 - 1.71 1.40
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 2.02 1.40
equal 6.75% Sikka Ports and Terminals 22/04/2026 Debenture AAA 0.00 - 1.62 1.40
equal 8.95% Punjab National Bank Additional Tier 1 Bond AA 1.23 - 1.65 1.23
equal 8.14% Gujarat State 20/03/2029 State Development Loan SOV 0.00 - 1.27 1.20
equal 8.75% Tata Projects 2023 Non Convertible Debenture AA 0.00 - 1.40 1.14
equal 7.99% TMF Holdings Non Convertible Debenture AA- 0.00 - 1.30 1.12

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 31-Dec-2021

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:


0.02%

Change from previous, NAV as on 14-Jan-2022

Growth: ₹ 20.3962

IDCW Quarterly: ₹ 10.6691

IDCW: ₹ 17.8793


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: 9.55%
Benchmark: NIFTY Credit Risk Bond Index
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 8,979 Cr (As on 31-Dec-2021)
Expense: 0.85% (As on 31-Dec-2021)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly27-Dec-20210.1890

 27-Sep-20210.1650
 25-Jun-20210.2120
 25-Mar-20210.1970
 28-Dec-20200.2050
 25-Sep-20200.3590
 25-Jun-20200.2110
 18-Mar-20200.0846
 26-Dec-20190.1845
 25-Sep-20190.1689
 25-Jun-20190.1527
 25-Mar-20190.1509
 26-Dec-20180.2312
 25-Sep-20180.0680
 25-Jun-20180.0763
 26-Mar-20180.4355
 25-Sep-20170.1390
 27-Mar-20170.3412
 26-Sep-20160.5649
 28-Mar-20160.1560
 28-Sep-20150.3613
 25-Mar-20150.3750
 25-Sep-20140.3957

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, 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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