Scheme

HDFC Credit Risk Fund

Holds 6 companies worth ₹581 Cr in Sept 2026.

Fund house
HDFCThe fund house that runs this scheme.
AUM
₹7,631 CrHDFC Credit Risk Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 0.5% on Aug 2026, ₹7,666 Cr.
Largest holding
Bharat Highways InvitBharat Highways Invit is 3.2% of this scheme's NAV.
Fund manager
Praveen JainRuns it since 7 Mar 2026, as the fund house dates it. With Bhavyesh Divecha (fund manager), Gopal Agrawal (overseas).

Overview^{(14 Sept 2026)}

Fund managers3

Praveen JainFund manager · Mar 2026 · 21y · CA CFA B.Com
Bhavyesh DivechaFund manager · Mar 2026 · 19y · CFA PGDM B.E.
Gopal AgrawalOverseas · Sept 2026 · 21y · B.E.

Dhruv MuchhalJun 2023 – Sept 2026
Shobhit MehrotraMar 2014 – Mar 2026

Key facts

Benchmark: Nifty Credit Risk Bond Index B-II
Risk: High
Expense: Regular 1.51% · Direct 1.01%
Exit load: 1% within 12 months
Started: 25 Mar 2014
Minimum: ₹100

Source.Its Scheme Summary Document as of 14 Sept 2026 at AMFI.

What changed^{(23 changes)}

Sept 2026

3 changes

Renamed
14 SeptHDFC Credit Risk Debt Fund → HDFC Credit Risk Fund
Gopal Agrawal joined
11 Septfor overseas investments
Dhruv Muchhal left
11 Septran it for overseas investments from Jun 2023

Jun 2026

2 changes

Expense ratio
11 JunRegular 1.54% → 1.51%Direct 1.04% → 1.01%
Riskometer
11 JunModerately High → High

May 2026

2 changes

Expense ratio
12 MayRegular 1.62% → 1.54%Direct 1.07% → 1.04%
Riskometer
12 MayHigh → Moderately High

Source.Its filings at NSE, since Sept 2024.

Fund managers over time^{(Mar 2014 – now)}

MainCoSlice201520172019202120232025

Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs^{(Sept 2024 – Sept 2026)}

Every change to the expense ratio, newest first.
11 changes	Regular	Direct	Δ pt
11 Jun 2026	1.51%	1.01%	0.03
12 May 2026	1.54%	1.04%	0.03
10 Feb 2026	1.62%	1.07%	0.01
13 Jan 2026	1.61%	1.06%	0.04
12 Nov 2025	1.61%	1.02%	0.01
14 Jul 2025	1.60%	1.01%	0.02
12 May 2025	1.60%	1.03%	0.01
27 Mar 2025	1.59%	1.02%	0.02
1 Jan 2025	1.59%	1.00%	0.01
14 Nov 2024	1.58%	0.99%	0.02
15 Sept 2024	1.58%	0.97%	–

Direct plan, 11 Jun 2026

1.01%

Regular plan 1.51% · Exit load 1% within 12 months

Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk^{(14 Sept 2026)}

Objective

To generate income/capital appreciation by investing predominantly in AA and below rated corporate debt. There is no assurance that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer: High
Risk class: C-III: relatively high credit risk, relatively high interest-rate risk
Type: An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds)]
Benchmark: Nifty Credit Risk Bond Index B-II

Asset allocation it may hold% of NAV

Upto 100%; Units issued by InvITs
Allowed0–10%Holds6.6%

Holds in Sept 2026.1.0% equity · 92.4% debt and cash · 6.6% REITs and InvITs

How to invest^{(14 Sept 2026)}

Buying

To start: ₹100, then any amount
To add: ₹100, then any amount
Systematic: For Systematic Investmet Plan (SIP) Daily, Weekly, Monthly, Quarterly, Half Yearly and Yearly For Systematic Withdrawal Advantage Plan (SWAP) Fixed SWAP - Monthly, Quarterly, Half Yearly, Yearly Variable SWAP - Quarterly, Half Yearly, Yearly For Sytematic Transfer Plan (STP) Fixed Systematic Transfer Plan (FSTP) - Daily, Weekly, Monthly, Quarterly Capital Appreciation Systematic Transfer Plan (CASTP) - Monthly, Quarterly
Dates: SIP: For Daily SIP- All Business Days For Weekly SIP- Any business day between Monday to Friday, (Default date is Wednesday) For all other frequnecies - Any date fo the month. If it happens to be a non-Business Day, SIP will be processed on the next Business Day (Default date = 10th of the month) SWP: For Fixed and Variable SWP- Any date. Default Date: 25th STP For Daily FSTP- All Business days For Weekly FSTP-Monday,Tuesday,Wednesday,Thursday,Friday (Default Day) For Monthly FSTP and CASTP - 1,5,10#,15,20,25 For Quarterly FSTP and CASTP - 1,5,10#,15,20,25 #Default Date
Minimum: For SIP DSIP, WSIP, MSIP - Rs. 100; QSIP - Rs. 1500; HSIP - Rs. 2500; YSIP - Rs. 5000. For SWAP Fixed SWAP - Rs. 100; Variable SWAP - Rs. 300. For STP Fixed STP (FSTP) Daily FSTP - Rs. 500; Weekly FSTP - Rs. 500; Monthly FSTP - Rs. 1000; Quarterly FSTP -Rs. 3000. Capital Appreciation STP (CASTP) Monthly CASTP - Rs. 300; Quarterly CASTP - Rs 1000., then for SIP and SWAP Re. 1/- thereafter; For STP FSTP Daily, Monthly, Quarterly FSTP - Rs. 100 thereafter Weekly FSTP - any amount thereafter CASTP Mulitples will be based on the appreciated amount
Instalments: SIP: Minimum number of installments under DSIP- 2 Minimum number of Installments under WSIP and MSIP : - In respect of each SIP Installment between Rs.300 to Rs.499 in value - 20 - In respect of each SIP Installment between Rs.500 to Rs.999 in value - 12. In respect of each SIP Installment equal to or greater than Rs 1,000 in value - 6 Minimum number of installments under QSIP : - In respect of each SIP Installment between Rs.1,500 to Rs.2,999 in value- 4; In respect of each SIP Installment equal to or greater than Rs. 3,000 in value- 2 Minimum number of installments under HYSIP: - In respect of each SIP Installment equal to or greater than Rs. 2,500 in value- 2 Minimum number of installments under YSIP: - In respect of each SIP Installment equal to or greater than Rs. 5,000 in value- 1 SWP: For Fixed and Variable SWP- 2 STP: Under Daily FSTP: -where installment amount is less than Rs. 1,000 : 12 - where installment amount is equal to or greater than Rs. 1,000: 6 Under Weekly STP : - Where installment amount is less than Rs. 1,000: 12 installments - Where installment amount is equal to or greater than Rs. 1,000: 6 installments However, for weekly STP in equity linked savings schemes, there should be a minimum of 6 installments for enrollment. Under Monthly FSTP & Monthly CASTP : - Minimum 6 installments, Under Quarterly FSTP & Quarterly CASTP : - Minimum 2 installments. Further, the minimum balance in the Unit holders account or the minimum amount of application at the time of enrolment for STP in the Transferor Scheme should be Rs. 12,000. There will be no maximum duration for STP enrolment.

Selling and switching

To redeem: Rs.100 and and multiples of Rs.1 thereafter or No minimum redemption criterion for Unit based redemption units
Minimum balance: There is no minimum balance amount requirement. or There is no minimum balance amount in units requirement. units
Switch minimum: Switch - in: Rs.100 and any amount thereafter. Additional Amount:. Rs. 100 Switch-out :Rs. 100 and multiples of Rs. 1/- thereafter
Switch multiples: Any amount
Switch most: Switch in: Not Applicable Switch out: Not applicable. or Switch in: Not Applicable. Switch out: Not applicable. units

Scheme details^{(14 Sept 2026)}

What it is

Category: Credit Risk Fund
Offer: 6 Mar 2014 to 20 Mar 2014
Started: 25 Mar 2014
Plans: Plans:Regular and Direct. Each Plan offers the following sub-options: · a)Growth Option. · b)Income Distribution cum Capital Withdrawal (IDCW) Option. This Option offers following Sub-Options / facilities: · • Payout of Income Distribution cum Capital Withdrawal (IDCW) Option / facility and · • Re-investment of Income Distribution cum Capital Withdrawal (IDCW) Option / facility. · Sub-Options under IDCW: · • Normal · • Quarterly
Face value: ₹10
Listed: No

How it is run

Swing pricing: Yes
Side-pocketing: No
Custodian: ICICI Bank Limited
Auditor: S.R. Batliboi & Co. LLP – Chartered Accountants
Registrar: Computer Age Management Services Limited
SEBI code: HDFC/O/D/CRF/18/03/0042