April 1, 2024
mayank
HDFC Credit Risk Debt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 23.3667
Quarterly NAV IDCW: Rs 10.5541
NAV IDCW: Rs 20.4833
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 scheme seeks to generate income/capital appreciation by investing predominantly in AA and below rated corporate debt.
Fund Manager:
1) Shobhit Mehrotra
Education: He is an MBA from Clemson University, USA.
Experience: Prior to joining HDFC AMC he has worked with Franklin Templeton AMC, and ICRA.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| 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 After 366 days and Within 540 days |
Basic Details
| Fund House | HDFC Mutual Fund |
| Launch Date | 25-Mar-14 |
| Return Since Launch | 8.84% |
| Benchmark | NIFTY Credit Risk Bond Index C-III |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 8,191 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.91% |
| (As on 29-Feb-2024) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
Trailing Returns (%) of HDFC Credit Risk Debt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HDFC Credit Risk Debt Dir | 2.53 | 0.06 | 0.82 | 2.53 | 4.28 | 8.22 | 6.81 | 7.96 | 7.67 | 8.81 |
| CCIL T Bill Liquidity Weight | 1.17 | 0.08 | 0.39 | 1.17 | 2.32 | 4.67 | 3.25 | 3.27 | 3.53 | 4.00 |
| Debt: Credit Risk | 2.31 | 0.05 | 0.78 | 2.31 | 4.94 | 9.04 | 10.10 | 6.24 | 6.32 | 7.98 |
| Rank within category | 3 | 6 | 4 | 3 | 5 | 9 | 9 | 3 | 3 | 2 |
| Number of funds in category | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 6 |
Peer Comparison of HDFC Credit Risk Debt 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 | |
| HDFC Credit Risk Debt Dir | 2 star | 8.22 | 6.81 | 7.96 | 0.91 | 8,191 | 8.84 | 1.00 (365) | 10Y |
| Nippon India Credit Risk Dir | 4 star | 8.88 | 9.19 | 4.71 | 0.83 | 1,031 | 7.30 | 1.00 (365) | 11Y 3M |
| UTI Credit Risk Dir | 4 star | 7.81 | 11.68 | -0.74 | 0.91 | 406 | 4.91 | 1.00 (365) | 11Y 3M |
| ICICI Pru Credit Risk Dir | 3 star | 8.72 | 7.33 | 8.24 | 0.88 | 7,250 | 8.88 | 1.00 (365) | 11Y 3M |
| SBI Credit Risk Dir | 3 star | 9.48 | 6.99 | 7.29 | 0.90 | 2,557 | 8.61 | 3.00 (365) | 11Y 3M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 105 | 36 |
| Macaulay Duration (yrs) | 2.25 | 2.11 |
| Average Maturity (yrs) | 2.99 | 2.75 |
| Yield to Maturity (%) | 8.62 | 8.39 |
| Avg Credit Rating | AA | — |
How to Invest in HDFC Credit Risk Debt Fund?
Chanakya’s Mutual Fund Guidance For HDFC Credit Risk Debt Fund
Apply Online: https://investor-web.hdfcfund.com/
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https://sahifund.com/category/nfos/
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Quicklinks
https://sahifund.com/aditya-birla-sun-life-credit-risk-fund/