HDFC Credit Risk Fund
Other options
The page shows the Growth option. The Regular plan’s other options have their own codes.
| Option | AMFI code | ISIN |
|---|---|---|
| Growth (this page) | 128053 | INF179KA1GC0 |
| IDCW | 128052 | INF179KA1GE6, INF179KA1GD8 |
| IDCW | 133148 | INF179KA1I79, INF179KA1I87 |
Credit Risk Fund
HDFC Mutual Fund
Open-ended. Launched on 25 Mar 2014.
- NAV
- Data delayed
- AssetsAssets The market value of everything the scheme holds, less what it owes, as the fund house discloses it at each month-end.
- ₹7,631 cr
- 30 Sep 2026
- SIP fromSIP Systematic investment plan: a fixed sum put into the scheme at regular intervals, usually every month.
- ₹100
- a month
- BenchmarkBenchmark The market index the fund house names in the SID as the measure the scheme is compared against.
- NIFTY Credit Risk Bond Index B-II
- as the SID names it
- Riskometer
- High
- read by Felix on 28 Oct 2026
The SID and KIM are the final reference for every fact on this page.
The fund house also offers a Direct plan of this scheme, whose expenses are lower to the extent of the distribution commission.
Assets: the fund house’s month-end disclosure of 30 Sep 2026. Minimums: fund house documents, as read by Felix on 28 Oct 2026. Benchmark: the SID.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
2 changes in the last 12 months: Bhavyesh Divecha became a fund manager, 7 Mar 2026; Praveen Jain became a fund manager, 7 Mar 2026. See what changed
What it is
SEBI’s rule for a Credit Risk Fund: at least 65% in corporate bonds rated AA or lower, AA+ excluded. Source: SEBI
What the SID allows it to holdSID Scheme information document: the scheme’s offer document, which sets out its objective, asset allocation, risks and expenses.
Source: the SID’s asset allocation, from fund house disclosures.
Potential risk class (PRC)
PRC Potential risk class: the most interest-rate risk and credit risk a debt scheme may take, on SEBI’s three-by-three grid, as its SID states it.as the SID states it| Interest-rate risk | Credit risk relatively low (A) | Moderate (B) | Relatively high (C) |
|---|---|---|---|
| Relatively low (I) | |||
| Moderate (II) | |||
| Relatively high (III) | C-III |
Riskometer
The risk of the scheme is High
As read by Felix on 28 Oct 2026. Fund houses review this level every month, and the fund house’s latest disclosure prevails: Riskometer disclosures, HDFC Mutual Fund
- Low
- Low to Moderate
- Moderate
- Moderately High
- High
- Very High
Benchmark: NIFTY Credit Risk Bond Index B-II. Its riskometer is published monthly by the fund house: Riskometer disclosures, HDFC Mutual Fund
Source: fund houses’ disclosures.
Who runs it
Bhavyesh Divechasince 7 Mar 2026
Fund manager
Also manages HDFC Income Plus Arbitrage Omni FoF, HDFC Medium Term Fund
Dhruv Muchhalsince 22 Jun 2023
Fund manager, foreign securities
Also manages HDFC Aggressive Hybrid Fund, HDFC Arbitrage Fund, HDFC Balanced Advantage Fund, HDFC Banking & Financial Services Fund, HDFC Banking and PSU Debt Fund, HDFC Business Cycle Fund, HDFC Children's Fund, HDFC Conservative Hybrid Fund, HDFC Consumption Fund, HDFC Corporate Bond Fund, HDFC Defence Fund, HDFC Dynamic Term Fund, HDFC ELSS - Tax Saver Fund, HDFC Equity Savings Fund, HDFC Flexi Cap Fund, HDFC Floating Interest Rates Fund, HDFC Focused Fund, HDFC Housing Opportunities Fund, HDFC Infrastructure Fund, HDFC Innovation Fund, HDFC Large & Mid Cap Fund, HDFC Large Cap Fund, HDFC Liquid Fund, HDFC Long Term Fund, HDFC Manufacturing Fund, HDFC Medium Term Fund, HDFC Medium to Long Term Fund, HDFC Mid Cap Fund, HDFC MNC Fund, HDFC Money Market Fund, HDFC Multi Asset Allocation Fund, HDFC Multi Cap Fund, HDFC Overnight Fund, HDFC Pharma And Healthcare Fund, HDFC Short Term Fund, HDFC Small Cap Fund, HDFC Technology Fund, HDFC Transportation and Logistics Fund, HDFC Ultra Short Term Fund, HDFC Ultra Short to Short Term Fund, HDFC Value Fund
Praveen Jainsince 7 Mar 2026
Fund manager
Also manages HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund, HDFC Income Plus Arbitrage Omni FoF, HDFC Medium Term Fund, HDFC Money Market Fund, HDFC Ultra Short Term Fund, HDFC Ultra Short to Short Term Fund
Bars on one scale, from the scheme’s launch. Other schemes A to Z. Source: fund house disclosures, as of 28 Oct 2026.
Codes and identity
from the SID and AMFI- Fund house
- HDFC Mutual Fund
- SEBI category
- Credit Risk Fund
- Plan and option
- Regular plan – Growth
- Structure
- Open-ended
- Launched
- 25 Mar 2014
- AMFI code, Growth
- 128053
- ISIN, Growth
- INF179KA1GC0
- IDCW INF179KA1GE6, INF179KA1GD8
- IDCW INF179KA1I79, INF179KA1I87
- Registrar
- CAMS
- Fund house website
- hdfcfund.com ↗
ISINs of the IDCW options
HDFC Mutual Fund
HDFC Mutual Fund runs 87 schemes in their Regular plan: 22 equity, 15 debt, 6 hybrid, 31 index funds and ETFs, 13 other.
24 fund managers, in their current schemes for 3 years 1 month on average.
9 schemes launched in the last 12 months.
- All 87 schemes
- hdfcfund.com
- Registrar: CAMS
Source: fund houses’ disclosures, as of 28 Oct 2026.
Buying and selling
- SIP from
- ₹100, as the KIM states it
- Entry load
- Nil, since 1 Aug 2009
- Stamp duty
- 0.005% of the amount invested, since 1 Jul 2020
- Applicable NAV
- That business day’s, when the application and the money reach the fund house by the 3 pm cut-off; after it, the next business day’s
- Redemption money
- Within 3 working days of the redemption request
Sources: the scheme’s KIM for the minimums; SEBI for the entry load, cut-off and redemption timeline; Ministry of Finance for stamp duty.
The category: Credit Risk Fund
All 13 schemesSchemes 1 to 10 of 13, A to Z; this scheme is marked.Schemes 4 to 8 of 13, A to Z; this scheme is marked.
| Scheme | Benchmark | Assets, ₹ cr (30 Sep 2026) | SIP from, ₹ | Launched |
|---|---|---|---|---|
| Aditya Birla Sun Life Credit Risk Fund | CRISIL Credit Risk Debt B-II Index | 1,657 | 100 | 2015 |
| Axis Credit Risk Fund | CRISIL Credit Risk Debt B-II Index | 378 | 1,000 | 2014 |
| Bandhan Credit Risk Fund | NIFTY Credit Risk Bond Index B-II | 221 | 100 | 2017 |
| Bank of India Credit Risk Fund | CRISIL Credit Risk Debt B-II Index | 74 | 1,000 | 2015 |
| DSP Credit Risk Fund | CRISIL Credit Risk Debt B-II Index | 326 | 100 | 2003 |
| HDFC Credit Risk Fund | NIFTY Credit Risk Bond Index B-II | 7,631 | 100 | 2014 |
| HSBC Credit Risk Fund | NIFTY Credit Risk Bond Index B-II | 441 | 1,000 | 2009 |
| ICICI Prudential Credit Risk Fund | CRISIL Credit Risk Debt B-II Index | 6,320 | 100 | 2010 |
| Invesco India Credit Risk Fund | NIFTY Credit Risk Bond Index B-II | 167 | 1,000 | 2014 |
| Kotak Credit Risk Fund | CRISIL Credit Risk Debt B-II Index | 769 | 100 | 2010 |
| Scheme | Benchmark | Assets, ₹ cr (30 Sep 2026) | SIP from, ₹ | Launched |
|---|---|---|---|---|
| Bank of India Credit Risk Fund | CRISIL Credit Risk Debt B-II Index | 74 | 1,000 | 2015 |
| DSP Credit Risk Fund | CRISIL Credit Risk Debt B-II Index | 326 | 100 | 2003 |
| HDFC Credit Risk Fund | NIFTY Credit Risk Bond Index B-II | 7,631 | 100 | 2014 |
| HSBC Credit Risk Fund | NIFTY Credit Risk Bond Index B-II | 441 | 1,000 | 2009 |
| ICICI Prudential Credit Risk Fund | CRISIL Credit Risk Debt B-II Index | 6,320 | 100 | 2010 |
Show all 13 schemes
| Scheme | Benchmark | Assets, ₹ cr (30 Sep 2026) | SIP from, ₹ | Launched |
|---|---|---|---|---|
| Aditya Birla Sun Life Credit Risk Fund | CRISIL Credit Risk Debt B-II Index | 1,657 | 100 | 2015 |
| Axis Credit Risk Fund | CRISIL Credit Risk Debt B-II Index | 378 | 1,000 | 2014 |
| Bandhan Credit Risk Fund | NIFTY Credit Risk Bond Index B-II | 221 | 100 | 2017 |
| Bank of India Credit Risk Fund | CRISIL Credit Risk Debt B-II Index | 74 | 1,000 | 2015 |
| DSP Credit Risk Fund | CRISIL Credit Risk Debt B-II Index | 326 | 100 | 2003 |
| HDFC Credit Risk Fund | NIFTY Credit Risk Bond Index B-II | 7,631 | 100 | 2014 |
| HSBC Credit Risk Fund | NIFTY Credit Risk Bond Index B-II | 441 | 1,000 | 2009 |
| ICICI Prudential Credit Risk Fund | CRISIL Credit Risk Debt B-II Index | 6,320 | 100 | 2010 |
| Invesco India Credit Risk Fund | NIFTY Credit Risk Bond Index B-II | 167 | 1,000 | 2014 |
| Kotak Credit Risk Fund | CRISIL Credit Risk Debt B-II Index | 769 | 100 | 2010 |
| Nippon India Credit Risk Fund | CRISIL Credit Risk Debt B-II Index | 1,708 | 100 | 2005 |
| SBI Credit Risk Fund | NIFTY Credit Risk Bond Index B-II | 2,182 | 500 | Not reported |
| UTI Credit Risk Fund | CRISIL Credit Risk Debt B-II Index | 241 | 500 | 2012 |
Regular plan – Growth for every scheme. Source: fund houses’ disclosures; assets at month-end 30 Sep 2026; SIP minimums as read by Felix on 28 Oct 2026; benchmarks as each SID names them.
What changed
- 7 Mar 2026Bhavyesh Divecha became a fund manager
- 7 Mar 2026Praveen Jain became a fund manager
- 22 Jun 2023Dhruv Muchhal became a fund manager
- 25 Mar 2014Launched
- 20 Mar 2014NFO closed
- 6 Mar 2014NFO opened
Source: fund house disclosures and SEBI.
Documents
KIM Key information memorandum: the short summary of the SID that comes with every application form.HDFC Mutual Fund publishes the scheme’s documents on its website:
- Scheme information document (SID)
- Key information memorandum (KIM)
- Monthly factsheet
- Monthly portfolio disclosure
Felix links to the fund house’s own copies and never copies them.
Questions about this fund
Who manages it, and since when?
Dhruv Muchhal, since 22 Jun 2023 (Fund manager, foreign securities); Bhavyesh Divecha, since 7 Mar 2026 (Fund manager); Praveen Jain, since 7 Mar 2026 (Fund manager). Source: HDFC Mutual Fund’s disclosures.
What is the minimum SIP?
₹100 a month, as of 28 Oct 2026, from the fund house’s documents.
What is its benchmark?
NIFTY Credit Risk Bond Index B-II, as the SID names it. Felix shows the benchmark by name only.
When was it launched, and what was it called before?
It was launched on 25 Mar 2014.
How do I invest in it?
Read the SID and KIM on HDFC Mutual Fund’s website first. A mutual fund distributor can place your application in this scheme’s Regular plan. Investments made through a mutual fund distributor are in the Regular plan, which includes distributor commission.
What does “Regular plan – Growth” mean?
The Regular plan is the one bought through a distributor; its expenses include the distributor’s commission. In the Growth option, gains stay in the NAV and nothing is paid out.
Where are its documents?
On HDFC Mutual Fund’s website: the scheme information document (SID), the key information memorandum (KIM) and the monthly factsheet.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Data on this page
| Block | Source | For |
|---|---|---|
| Assets | Fund houses’ disclosures, at month-end | 30 Sep 2026 |
| Minimums | Fund house documents, as read by Felix | 28 Oct 2026 |
| Riskometer | Fund houses’ disclosures, as read by Felix | 28 Oct 2026 |
| Asset allocation | The SID, from fund house disclosures | 28 Oct 2026 |
| Fund managers | Fund house disclosures | 28 Oct 2026 |
Something wrong or out of date? Report an error
When you are ready, invest with a person.
The SID and KIM are the final reference for every fact on this page.