February 13, 2024
mayank
Bandhan Credit Risk Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 15.8886
Yearly NAV IDCW: Rs 10.8000
Quarterly NAV IDCW: Rs 10.5872
NAV IDCW: Rs 11.6309
Suitable For Which Investors?
“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.”
Fund’s Investment Strategy:
The Fund seeks to generate returns by predominantly investing AA and below rated corporate debt securities across maturities.
Fund Manager:
1) Debraj Lahiri
2) Gautam Kaul
Education: Mr. Kaul is a B.Com (H) and MBA (Finance).
Experience: Prior to joining Bandhan Mutual Fund(formerly IDFC Mutual Fund), he has worked with Edelweiss AMC, Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption Within 365 days |
Basic Details of Bandhan Credit Risk Fund
| Fund House | Bandhan Mutual Fund |
| Launch Date | 03-Mar-17 |
| Return Since Launch | 6.89% |
| Benchmark | NIFTY Credit Risk Bond Index C-III |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 374 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.66% |
| (As on 31-Jan-2024) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
Trailing Returns (%) of Bandhan Credit Risk Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Credit Risk Dir | 0.97 | 0.05 | 0.67 | 2.06 | 3.35 | 7.18 | 5.63 | 6.84 | — | — |
| CCIL T Bill Liquidity Weight | 0.50 | -0.02 | 0.31 | 1.14 | 2.21 | 4.53 | 3.11 | 3.27 | — | — |
| Debt: Credit Risk | 1.03 | 0.06 | 0.67 | 2.11 | 4.48 | 8.99 | 10.26 | 5.78 | — | — |
| Rank within category | 7 | 10 | 12 | 10 | 13 | 13 | 14 | 8 | — | — |
| Number of funds in category | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 13 | 6 |
Peer Comparison of Bandhan Credit Risk Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Bandhan Credit Risk Dir | 2 star | 7.18 | 5.63 | 6.84 | 0.66 | 374 | 6.89 | 1.00 (365) | 6Y 11M |
| Nippon India Credit Risk Dir | 4 star | 8.86 | 9.14 | 4.73 | 0.91 | 1,024 | 7.27 | 1.00 (365) | 11Y 1M |
| ABSL Credit Risk Dir | 4 star | 8.03 | 7.84 | 7.43 | 0.68 | 987 | 8.19 | 3.00 (365) | 8Y 9M |
| UTI Credit Risk Dir | 4 star | 7.52 | 11.53 | -0.70 | 0.90 | 410 | 4.86 | 1.00 (365) | 11Y 1M |
| HDFC Credit Risk Debt Dir | 2 star | 7.78 | 6.67 | 8.03 | 0.97 | 8,245 | 8.82 | 1.00 (365) | 9Y 10M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 16 | 37 |
| Macaulay Duration (yrs) | 2.20 | 2.03 |
| Average Maturity (yrs) | 2.68 | 2.64 |
| Yield to Maturity (%) | 8.15 | 8.50 |
| Avg Credit Rating | AAA | — |
How to Invest in Bandhan Credit Risk Fund?
Chanakya’s Mutual Fund Guidance For Bandhan Credit Risk Fund
Apply Online: https://bandhanmutual.com/mutual-funds
>> Post your MF questions @ sahifund.com/ask-me/
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https://sahifund.com/category/nfos/
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Quicklinks
https://sahifund.com/aditya-birla-sun-life-credit-risk-fund/