HSBC Credit Risk Fund Direct-Growth

Q: What are the returns of this mutual fund scheme?

The HSBC Credit Risk Fund Direct-Growth is a 12 yrs 9 m old fund and has delivered average annual returns of 8.29% since inception. HSBC Credit Risk Fund Direct-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 21.5% 12.14% 9.26% 8.0% 8.29%

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹35.7311+0.05% 1 day change	8.29% p.a.	App exclusive #NA View Ranked Funds	₹562 Cr

Historical NAV & returns

NAV: ₹35.7311 as on Oct 20, 2025

This fund Category average

HSBC Credit Risk Fund overview

Expense ratio	0.96% as on Sep 30, 2025
Exit load	3.0% 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.!
AUM (Fund size)	₹562 Cr
Lock-in Period	Nil
Age	12 yrs 9 m since Jan 01, 2013
Benchmark	NIFTY Credit Risk Bond Index B-II
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Risk	Moderately High
Tax on your gains	Profits are added to your income and taxed as per your slab rate

HSBC Credit Risk Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Oct 25, 2025

Period	This fund	Category average
1 Month	0.59%	0.77%
3 Months	1.41%	1.81%
6 Months	14.68%	4.92%
1 Year	21.5%	10.45%
2 Years	14.58%	9.75%
3 Years	12.14%	9.15%
4 Years	9.89%	9.76%
5 Years	9.26%	9.82%
7 Years	8.0%	6.71%
10 Years	8.0%	7.16%

Asset allocationas on Sep 30, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AA 59.77%

SOV 13.72%

AAA 9.76%

A1+ 8.6%

Top Debt Holdings

Tata Housing Devp. Co. Ltd 6.62%

Tata Projects Ltd. 6.38%

Nirma Ltd. 5.67%

REC Ltd. 4.71%

Allocation by Instruments

Debenture 40.95000000000001%

Non Convertible Debenture 14.920000000000002%

Bonds/NCDs 11.14%

GOI Securities 10.959999999999999%

Other Holdings

Others 0.32%

Detailed portfolio analysis

Key risk & return ratios Compared to other funds in the category

Alpha	24.9 vs. 5.66 Higher outperformance against benchmark
Sharpe	0.78 vs. 6.19 Poor risk-adjusted returns
Beta	10.87 vs. 3.51 More sensitive to market's ups & downs
Standard deviation	6.85 vs. 1.99 More volatile performance

Compare HSBC Credit Risk Fund in detail with

About this fund

About HSBC Credit Risk Fund

HSBC Credit Risk Fund Direct-Growth is a Credit Risk mutual fund scheme from Hsbc Mutual Fund. This fund has been in existence for 12 yrs 9 m, having been launched on 01/01/2013. HSBC Credit Risk Fund Direct-Growth has ₹562 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HSBC Credit Risk Fund Direct-Growth as of 20/10/2025 is ₹35.73. The fund has an expense ratio of 0.96%, which is higher than what most other Credit Risk funds charge.

HSBC Credit Risk Fund Direct-Growth returns of last 1-year are 21.44%. Since launch, it has delivered 8.30% average annual returns. The fund has doubled the money invested in it every 10 yrs.
HSBC Credit Risk Fund Direct-Growth scheme's ability to deliver returns consistently is lower than most funds of its category. Its ability to control losses in a falling market is above average.
The fund's credit profile is low indicating it has lent to borrowers whose quality is not too great. Most funds in this category lend to similar borrowers and hence the risk of default in this fund is same as the category.
The fund's top holdings are in Tata Housing Devp. Co. Ltd, Tata Projects Ltd., Nirma Ltd., REC Ltd., JSW Steel Ltd..

...

Fund AUM	562 Cr as on Sep 30, 2025
Scheme document	View Scheme Document

Fund managers

Shriram Ramanathan

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.

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.

HSBC Mutual Fund details

No. of schemes	44 view all schemes
Total AUM	1,36,405 Cr as on Sep 30, 2025
Address	9-11th Floor, NESCO - IT Park Bldg. 3, Western Express Highway, Goregaon East, Mumbai, 400063

More funds from HSBC Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
HSBC Medium Duration Fund	N.A.	758 Cr	9.07%	8.68%
HSBC Low Duration Fund	N.A.	1,017 Cr	9.34%	8.27%
HSBC Corporate Bond Fund	N.A.	6,170 Cr	8.65%	8.25%
HSBC Income Plus Arbitrage Active FoF	N.A.	629 Cr	6.16%	8.25%
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund	N.A.	1,885 Cr	8.34%	8.25%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of HSBC Credit Risk Fund Direct-Growth?

The current Net Asset Value (NAV) of the HSBC Credit Risk Fund - Direct Growth plan is approximately ₹35.7311 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The HSBC Credit Risk Fund Direct-Growth is a 12 yrs 9 m old fund and has delivered average annual returns of 8.29% since inception.

HSBC Credit Risk Fund Direct-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
21.5%	12.14%	9.26%	8.0%	8.29%

How much does this mutual fund charge as expense ratio?

The HSBC Credit Risk Fund - Direct Growth has an expense ratio of 0.96%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The HSBC Credit Risk Fund currently has assets under management (AUM) or fund size valued at approximately 562 Cr as on Sep 30, 2025.

To whom does HSBC Credit Risk Fund lend to?

The top 3 debt holdings of HSBC Credit Risk Fund are as follows

Holding Name	Percentage of Portfolio
Tata Housing Devp. Co. Ltd	6.62%
Tata Projects Ltd.	6.38%
Nirma Ltd.	5.67%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The HSBC Credit Risk Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AA	59.77%
SOV	13.72%
AAA	9.76%

What is risk level of HSBC Credit Risk Fund?

This is a Credit Risk fund comes with Moderately High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in HSBC Credit Risk Fund Direct-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for HSBC Credit Risk Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the HSBC Credit Risk Fund is complete.

How can I redeem my investments in HSBC Credit Risk Fund?

Redeeming your investments in the HSBC Credit Risk Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Credit Risk

#NA

Return Outperformance: This fund has generated highest return amongst Credit Risk funds in the last 10 Years.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.
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.