Fundalysisby DARKHORSESTOCKS

Scheme

HSBC Credit Risk Fund

Holds 4 companies worth ₹28.1 Cr in Sept 2026.

  • Fund house

    HSBCThe fund house that runs this scheme.

  • AUM

    ₹441 CrHSBC Credit Risk Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 3.4% on Aug 2026, ₹457 Cr.

  • Largest holding

    Cube Highways Trust InvIT FundCube Highways Trust InvIT Fund is 1.9% of this scheme's NAV.

  • Fund manager

    Shriram RamanathanRuns it since 24 Nov 2012, as the fund house dates it.

Overview(10 Aug 2026)

Fund managers1

  1. Shriram RamanathanFund manager · Nov 2012 · 25y · CFA PGDM B.E.
  1. Kapil PunjabiNov 2022 – Apr 2025

Key facts

Benchmark
NIFTY Credit Risk Bond Index B-II
Risk
Moderately High
Expense
Regular 1.66% · Direct 0.97%
Exit load
10% within 1 year
Started
8 Oct 2009
Minimum
₹5,000

Source.Its Scheme Summary Document as of 10 Aug 2026 at AMFI.

What changed(6 changes)

Sept 2025

1 change
  1. Expense ratio
    10 SeptRegular 1.63% → 1.64%Direct 0.95% → 0.96%

Aug 2025

1 change
  1. Expense ratio
    9 AugRegular 1.69% → 1.63%Direct 0.96% → 0.95%

Jul 2025

1 change
  1. Exit load
    7 Jul10% within 2 years → 10% within 1 year

Source.Its filings at NSE, since Sept 2024.

Fund managers over time(Nov 2012 – now)

  1. Shriram Ramanathan
  2. Kapil Punjabi
MainCoSlice2013201520172019202120232025
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 – Aug 2026)

Every change to the expense ratio, newest first.
4 changesRegularDirectΔ pt
10 Sept 20251.64%0.96%0.01
9 Aug 20251.63%0.95%0.01
6 Jun 20251.69%0.96%0.10
16 Sept 20241.68%0.86%–
Direct plan, 10 Sept 2025
0.96%
Regular plan 1.64% · Exit load 10% within 1 year
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(10 Aug 2026)

Objective

To generate regular returns and capital appreciation by investing predominantly in AA and below rated corporate bonds, debt, government securities and money market instruments. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns

Risk, type and benchmark

Riskometer
Moderately High
At launch
Moderate
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). A relatively high interest rate risk and relatively high credit risk
Benchmark
NIFTY Credit Risk Bond Index B-II

Asset allocation it may hold% of NAV

  1. Debt Instruments and Money market instruments only in AA and below rated corporate bonds (excludes AA+ rated corporate bonds)
    Allowed65–100%
  2. Debt and Money market instruments other than above
    Allowed0–35%
  3. Units issued by REITs and InvITs
    Allowed0–10%Holds6.4%

Holds in Sept 2026.93.6% debt and cash · 6.4% REITs and InvITs

How to invest(10 Aug 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
Systematic
SIP - Daily (All Business Days from Monday to Friday), Weekly (Any Day from Monday to Friday), Monthly, Quarterly SWP - Monthly, Quarterly, Half Year, Annual STP - Weekly, Monthly, Quarterly, Fortnightly, Daily (Business Days)
Dates
SIP - Daily (Daily SIP will be processed from Monday to Friday. In case of a non-business day falling between Monday to Friday (both days inclusive) then the daily SIP installment for that day will not be processed on the next business day.); Weekly - Any day from Monday to Friday; Other than daily and weekly - Any Date, SWP and STP - Any Dates
Minimum
SIP - 500 Daily 6; 500 Weekly 6; 1000 Monthly 6; 1500 Quarterly 4; Minimum Aggregate Amount: Rs. 6,000/- in multiples of Re.1. SWP - 500 STP - 500;The minimum amount required under the source scheme for registering STP is Rs. 6,000., then in multiples of ₹1
Instalments
SIP - Daily 6; Weekly 6; Monthly 6; Quarterly 4 SWP - 12 STP - 6

Selling and switching

To redeem
₹500 or 50 units
Switch minimum
₹5,000

Scheme details(10 Aug 2026)

What it is

Category
Open Ended-Debt- Credit Risk
Offer
29 Sept 2009 to 8 Oct 2009
Started
8 Oct 2009
Reopened
14 Oct 2009
Plans
HSBC Credit Risk Fund - Direct Annual IDCW · HSBC Credit Risk Fund - Direct Growth · HSBC Credit Risk Fund - Direct Monthly IDCW · HSBC Credit Risk Fund - Regular Annual IDCW · HSBC Credit Risk Fund - Regular Growth · HSBC Credit Risk Fund - Regular Monthly IDCW · HSBC Credit Risk Fund- Regular Plan - Bonus
Face value
₹10
Listed
No

How it is run

Swing pricing
Yes
Side-pocketing
Yes
Custodian
HDFC Bank Limited
Auditor
M/s. Price Waterhouse, Chartered Accountants LLP
Registrar
Computer Age Management Services Limited
SEBI code
LTMF/O/D/CRF/09/04/0015