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HSBC Mutual Fund

HSBC Credit Risk Fund

HSBC Mutual Fund · Direct plan · Growth

3-year returns
11.7%
a year
NAV
₹37.80
▲ 0.05% · 18 Sept 2026
Fund size
₹457 Cr
Expense ratio
0.97%
a year
Minimum SIP
₹1,000

Figures are for the Direct plan. The Regular plan, bought through a distributor, is at ₹34.58 and has returned 10.89% a year over 3 years.

Returns, and where it stands

Against the average credit risk fund, and its place among them. Anything longer than a year is a yearly rate.

PeriodThis fundCategoryRank
1 year6.6%8.9%behind12 of 13
3 years11.7%9.9%ahead3 of 13
Every period, and the Regular plan →
PeriodDirectRegular
1 month0.3%0.2%
3 months1.7%1.5%
6 months3.5%3.1%
1 year6.6%5.8%
2 yearsp.a.13.8%12.9%
3 yearsp.a.11.7%10.9%

Figures are for the Direct plan, and the rank compares it against the same plan of its peers, best first. Based on NAV history from Nov 2022.

Plan

NAV history

▲ 6.56% in the last 1Y

35.536.737.818 Sept 202520 Mar 202618 Sept 2026

Hover or tap the chart for the NAV on any date. Past NAVs are adjusted for unit splits.

If you had invested in this fund

Investment type
years
Total invested
₹1,80,000
Gain
₹35,250
XIRR (per year)
12%
Value today
₹2,15,250

36 monthly instalments from 22 Sept 2023, valued at the latest NAV. Past returns do not guarantee future returns.

What the ride has been like

Worked out from this fund's own NAV history, not a rating.

How bumpy
6.6% a year
4.1% more than the category average — the bumpier side
Worst fall so far
−0.4%
May 2026 to May 2026.
Years that made money
100%
Of every one-year stretch it has been through.
Over any three years
11.5% to 12.1%
A year, at worst and at best. Typically 11.8%.

Fund details

Minimum lumpsum
₹5,000
Minimum top-up
₹1,000
Lock-in
None
Plan started
1 Jan 2013
Expense ratio
0.97%
as of 31 Jul 2026

Managed by Shriram Ramanathan

Direct plan figures, last checked on 20 Sept 2026. Exit load and the scheme's benchmark are in thescheme document.

How it compares

HSBC Credit Risk Fund against other funds in the Credit Risk Fund category
Fund1Y3Y5YExpenseFund size
DSP Credit Risk Fund11.18%16.79%13.36%0.46%₹310 Cr
Aditya Birla Sun Life Credit Risk Fund12.56%13.09%10.88%0.67%₹1,600 Cr
HSBC Credit Risk Fund6.56%11.73%0.97%₹457 Cr
Bank of India Credit Risk Fund17.89%10.09%8.96%0.51%₹69 Cr
Invesco India Credit Risk Fund7.87%9.56%8.39%0.24%₹167 Cr
ICICI Prudential Credit Risk Fund8.26%9.11%8.02%0.77%₹6,333 Cr
Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)7.91%8.91%7.89%0.61%₹1,574 Cr

About HSBC Credit Risk Fund

HSBC Credit Risk Fund is a credit risk fund managed by HSBC Mutual Fund. Invest at least 65% in corporate bonds rated below the highest grade, aiming for higher interest in exchange for higher default risk.

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 investment objective of the scheme will be realized.

The scheme's stated objective, as published by HSBC Mutual Fund.

The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.

Tax on your gains

Gains on debt fund units bought on or after 1 April 2023 are added to your income and taxed at your slab rate, however long you hold them. Units bought before that date follow the older long-term rules.

Work out what you would owe with the capital gains tax calculator.

Every plan and option, with scheme codes
PlanOptionNAVScheme code
DirectGrowth₹37.8029151045
DirectAnnual IDCW₹13.7109151047
DirectIDCW₹12.3202151044
RegularGrowth₹34.5754151043
RegularAnnual IDCW₹12.5383151046
RegularBonus₹34.0283151041
RegularIDCW₹11.2062151042

Frequently asked questions

What is the NAV of HSBC Credit Risk Fund today?

The NAV of HSBC Credit Risk Fund (Direct plan, Growth) is ₹37.8029 and the Regular plan NAV is ₹34.5754, as of 18 Sept 2026.

What returns has HSBC Credit Risk Fund given?

Over the last year the Direct plan returned 6.56%, and 11.73% a year over 3 years. That places it 3 of 13 funds in its category over 3 years. Past returns do not guarantee future returns.

What is the expense ratio of HSBC Credit Risk Fund?

The Direct plan charges 0.97% a year, as disclosed on 31 Jul 2026. The fee is already taken out of the NAV, so the returns above are what you keep.

What is the minimum SIP amount in HSBC Credit Risk Fund?

You can start a monthly SIP with ₹1,000, or invest a lump sum of ₹5,000 or more.

How much has HSBC Credit Risk Fund fallen in the past?

Its deepest fall was 0.4% from 7 May 2026 to 21 May 2026. Of every one-year stretch in its history, 100% ended in a gain.

Which category does HSBC Credit Risk Fund belong to?

It is a Credit Risk Fund from HSBC Mutual Fund. Invest at least 65% in corporate bonds rated below the highest grade, aiming for higher interest in exchange for higher default risk.

What is the difference between the Direct and Regular plan?

Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.

How are gains from HSBC Credit Risk Fund taxed?

Gains on debt fund units bought on or after 1 April 2023 are added to your income and taxed at your slab rate, however long you hold them. Units bought before that date follow the older long-term rules.

Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.