June 2, 2025
mayank
ICICI Prudential Credit Risk Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 34.8815
NAV IDCW Yearly: Rs 11.9194
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 through investing predominantly in AA and below rated corporate bonds while maintaining the optimum balance of yield, safety and liquidity.
Fund Manager:
1) Akhil Kakkar
Education: Mr. Kakkar is B.Tech (IIT Roorkee) and PGDM (Finance)
Experience: Prior to Joining ICICI Prudential Mutual Fund he has worked with Kotak Mahindra Bank in Debt Capital Markets, SBI Capital Markets in Project Advisory & Structured Finance and Goldman Sachs Services Pvt Ltd as Analyst Developer.
2) Manish Banthia
Education: Mr. Banthia is B.Com, CA and MBA
Experience: He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC – Fixed Income Investments – Aug 2007 to Oct 2009, ICICI Prudential AMC – New Product Development – Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. – From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. – From May 2004 to May 2005.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
Basic Details of ICICI Prudential Credit Risk Fund
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.98% |
| Benchmark | CRISIL Credit Risk Debt B-II Index |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 6,138 Cr |
| (As on 30-Apr-2025) | |
| Expense | 0.76% |
| (As on 31-May-2025) | |
| Risk Grade | Above Average |
| Return Grade | Above Average |
Trailing Returns (%) of ICICI Prudential Credit Risk Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru Credit Risk Dir | 4.75 | -0.08 | 1.06 | 3.36 | 5.27 | 10.19 | 8.72 | 8.38 | 8.59 | 8.67 |
| CCIL T Bill Liquidity Weight | 2.35 | -0.01 | 0.46 | 1.48 | 2.66 | 5.18 | 4.48 | 3.48 | 3.73 | 3.94 |
| Debt: Credit Risk | 6.89 | 0.06 | 1.03 | 4.92 | 7.45 | 12.33 | 9.47 | 10.39 | 6.75 | 7.42 |
| Rank within category | 7 | 14 | 5 | 8 | 8 | 7 | 8 | 7 | 3 | 4 |
| Number of funds in category | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 13 |
Peer Comparison of ICICI Prudential 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 | |
| ICICI Pru Credit Risk Dir | 2 star | 10.19 | 8.72 | 8.38 | 0.76 | 6,138 | 8.98 | 1.00 (365) | 12Y 5M |
| Nippon India Credit Risk Dir | 5 star | 10.51 | 8.93 | 9.71 | 0.70 | 1,000 | 7.57 | 1.00 (365) | 12Y 5M |
| HDFC Credit Risk Debt Dir | 3 star | 9.82 | 8.24 | 8.37 | 1.03 | 7,180 | 8.89 | 1.00 (365) | 11Y 2M |
| SBI Credit Risk Dir | 3 star | 9.50 | 8.73 | 8.03 | 0.89 | 2,248 | 8.70 | 3.00 (365) | 12Y 5M |
| ABSL Credit Risk Dir | 1 star | 18.53 | 12.14 | 10.74 | 0.67 | 985 | 9.19 | 3.00 (365) | 10Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 89 | 33 |
| Macaulay Duration (yrs) | 2.48 | 2.37 |
| Average Maturity (yrs) | 3.26 | 3.13 |
| Yield to Maturity (%) | 8.17 | 7.66 |
| Avg Credit Rating | AA | — |
Chanakya’s Mutual Fund Guidance For ICICI Prudential Credit Risk Fund
WILL Post Soon
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