HDFC Credit Risk Debt Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

No of Debt Holding 80 (Category Avg - 35.14) | Modified Duration 2.49 Years (Category Avg - 2.07)| Yield to Maturity 7.93% (Category Avg - 7.46%)

Portfolio Summary (as on 31st Aug,2025)

Security Type	% Weight	Category Average
GOI	9.89%	15.17%
CD	0.00%	1.01%
NCD & Bonds	78.15%	71.10%
PTC	2.14%	0.85%

Category - Credit Risk Fund

Security Type	% Weight	Category Average
Government Backed	9.89%	15.17%
Low Risk	64.55%	65.18%
Moderate Risk	15.74%	7.32%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Credit Risk Fund

Debt holding in Portfolio (as on 31st Aug,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Sandur Manganese & Iron Ores Ltd.	NCD & Bonds	Ferro & silica manganese	LA+	ICRA	2918.22	4.19%	30.00 k
Bond - Tata Projects Ltd.	NCD & Bonds	Civil construction	AA	FITCH	2531.41	3.63%	25.00 k
Bond - Coastal Gujarat Power Ltd.	NCD & Bonds	Integrated power utilities	CARE AA+	CARE	2318.01	3.32%	2.19 k
Bond - GMR Airports Ltd.	NCD & Bonds	Airport & airport services	A+	CRISIL	2301.03	3.30%	23.00 k
Bond - Bamboo Hotel And Global Centre (Delhi) Private Ltd.	NCD & Bonds	Hotels & resorts	LA+	ICRA	2034.42	2.92%	20.00 k
Bond - Kalpataru Projects International Ltd.	NCD & Bonds	Civil construction	AA	FITCH	2020.30	2.90%	20.00 k
Bond - SK Finance Ltd.	NCD & Bonds	Financial services	LAA-	ICRA	2003.44	2.87%	20.00 k
Bond - Jubilant Beverages Ltd.	NCD & Bonds	Other beverages	AA	CRISIL	1996.18	2.86%	19.19 k
Bond - Jubilant Bevco Ltd.	NCD & Bonds	Restaurants	AA	CRISIL	1851.19	2.66%	17.75 k
Bond - Kalpataru Projects International Ltd.	NCD & Bonds	Civil construction	AA	CRISIL	1806.51	2.59%	18.00 k
Bond - Nirma Ltd.	NCD & Bonds	Household products	AA	CRISIL	1771.33	2.54%	17.50 k
Bond - J S W Energy Ltd.	NCD & Bonds	Power generation	LAA	ICRA	1763.09	2.53%	17.50 k
Bond - Aditya Birla Renewables Ltd.	NCD & Bonds	Power generation	AA	CRISIL	1523.47	2.19%	15.00 k
Bond - Kalpataru Projects International Ltd.	NCD & Bonds	Civil construction	AA	CRISIL	1511.33	2.17%	15.00 k
Bond - DLF Home Developers Ltd.	NCD & Bonds	Residential, commercial projects	LAA	ICRA	1501.96	2.15%	15.00 k
Bond - Vastu Finserve India Pvt Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE AA-	CARE	1502.32	2.15%	15.00 k
Bond - Kogta Financial India Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE A+	CARE	1486.90	2.13%	15.00 k
Bond - TVS Credit Services Ltd	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	1071.21	1.54%	105.00
Bond - Govt of India	GOI	Other			1021.52	1.47%	1.05 Cr
Bond - Mahindra Rural Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	1017.66	1.46%	10.00 k
Bond - Godrej Industries Ltd	NCD & Bonds	Animal feed	AA+	CRISIL	1009.93	1.45%	10.00 k
Bond - Infopark Properties Ltd.	NCD & Bonds	Real estate investment trusts (reits)	CARE AA-	CARE	1008.72	1.45%	10.00 k
Bond - Ramco Industries Ltd.	NCD & Bonds	Cement & cement products	LAA-	ICRA	1002.12	1.44%	10.00 k
Bond - Resco Global Wind Services Pvt. Ltd.	NCD & Bonds	Other utilities	AA+	CRISIL	1004.25	1.44%	20.00 k
Bond - Nirma Ltd.	NCD & Bonds	Household products	AA	CRISIL	855.07	1.23%	8.50 k
Bond - Govt of India	GOI	Other			847.71	1.22%	85.00 L
Bond - Muthoot Capital Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	A+	CRISIL	806.36	1.16%	10.74 k
Bond - Govt of India	GOI	Other			793.35	1.14%	77.32 L
Bond - Govt of India	GOI	Other			793.93	1.14%	80.00 L
Bond - Govt of India	GOI	Other			789.05	1.13%	80.40 L
Bond - Govt of India	GOI	Other			769.19	1.10%	77.50 L
Bond - IIFL Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA	CRISIL	754.73	1.08%	7.50 k
Bond - JM Financial Home Loans Ltd.	NCD & Bonds	Housing finance company	AA	CRISIL	756.05	1.08%	7.50 k
Bond - JM Financial Home Loans Ltd.	NCD & Bonds	Housing finance company	AA	CRISIL	756.45	1.08%	7.50 k
Bond - Tata Projects Ltd.	NCD & Bonds	Civil construction	AA	FITCH	750.80	1.08%	750.00
Bond - Kogta Financial India Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LA+	ICRA	626.19	0.90%	12.50 k
Bond - Govt of India	GOI	Other			613.20	0.88%	60.00 L
Bond - VAJRA 009 Trust	PTC	Ptc	LAA+	ICRA	605.26	0.87%	60.00
Bond - Mas Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE AA-	CARE	550.07	0.79%	5.50 k
Bond - ONGC Petro-Additions Ltd.	NCD & Bonds	Petrochemicals	LAA	ICRA	509.03	0.73%	5.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	510.27	0.73%	5.00 k
Bond - Govt of India	GOI	Other			510.75	0.73%	50.00 L
Bond - IKF Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE A+	CARE	499.60	0.72%	5.00 k
Bond - IndiGrid Infrastructure Trust	NCD & Bonds	Power - transmission	LAAA	ICRA	504.76	0.72%	500.00
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	505.39	0.72%	5.00 k
Bond - Tata Capital Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	499.17	0.72%	500.00
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	495.04	0.71%	500.00
Bond - VAJRA 004 TRUST	PTC	Ptc	AA	CRISIL	446.78	0.64%	5.17 k
Bond - Mahindra Rural Housing Finance Ltd.	NCD & Bonds	Housing finance company	AA+	FITCH	420.12	0.60%	420.00
Bond - Govt of India	GOI	Other			393.00	0.56%	40.00 L
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	386.23	0.55%	380.00
Bond - IKF Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE A+	CARE	294.37	0.42%	3.97 k
Bond - TMF Holdings Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	296.27	0.42%	300.00
Bond - INDIGO 041	PTC	Ptc	AA	CRISIL	286.75	0.41%	284.00
Bond - Govt of India	GOI	Other			248.47	0.36%	25.00 L
Bond - Gera Development Pvt Ltd.	NCD & Bonds	Residential, commercial projects	CARE AA-	CARE	250.12	0.36%	2.50 k
Bond - Gera Development Pvt Ltd.	NCD & Bonds	Residential, commercial projects	CARE AA-	CARE	250.52	0.36%	2.50 k
Bond - Gera Development Pvt Ltd.	NCD & Bonds	Residential, commercial projects	CARE AA-	CARE	250.05	0.36%	2.50 k
Bond - Gera Development Pvt Ltd.	NCD & Bonds	Residential, commercial projects	CARE AA-	CARE	250.41	0.36%	2.50 k
Bond - Gera Development Pvt Ltd.	NCD & Bonds	Residential, commercial projects	CARE AA-	CARE	250.54	0.36%	2.50 k
Bond - Godrej Industries Ltd	NCD & Bonds	Animal feed	AA+	CRISIL	253.94	0.36%	2.50 k
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	254.33	0.36%	2.50 k
Bond - Motilal Oswal Home Finance Ltd.	NCD & Bonds	Housing finance company	LAA	ICRA	252.76	0.36%	2.50 k
Bond - National Thermal Power Corporation Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	251.31	0.36%	250.00
Bond - National Thermal Power Corporation Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	252.34	0.36%	250.00
Bond - ONGC Petro-Additions Ltd.	NCD & Bonds	Petrochemicals	LAA	ICRA	253.17	0.36%	2.50 k
Bond - ONGC Petro-Additions Ltd.	NCD & Bonds	Petrochemicals	LAA	ICRA	252.31	0.36%	2.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	206.77	0.30%	2.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	207.40	0.30%	2.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	206.36	0.30%	2.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	206.50	0.30%	2.00 k
Bond - IndiGrid Infrastructure Trust	NCD & Bonds	Power - transmission	AAA	CRISIL	199.76	0.29%	200.00
Bond - JM Financial Asset Reconstruction Co.	NCD & Bonds	Financial institution	LAA-	ICRA	200.24	0.29%	200.00
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	203.14	0.29%	2.00 k
Bond - VAJRA 006 Trust	PTC	Ptc	LAA+	ICRA	151.29	0.22%	1.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	104.90	0.15%	100.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	102.61	0.15%	100.00
Bond - National Thermal Power Corporation Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	101.07	0.14%	100.00
Bond - Govt of India	GOI	Other			99.60	0.14%	10.00 L
Bond - Govt of India	GOI	Other			11.92	0.02%	1.16 L

Name	Type of Instrument	Weight (%)
TREPS	TREPS	3.29%
Net Receivables	Net Receivables	2.72%
Indus Infra Trust	InvITs	2.03%
Embassy Office Parks Reit	InvITs	0.95%
Capital Infra Trust	InvITs	0.55%
Powergrid Infrastructure Investment Trust	InvITs	0.28%

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hunch
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22 days ago

JMFLEXICAPfund regular is howing worst performance. bought at 107.693 in jly 24 and now 97.43 how to shuffle and compensate loss View more

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  JMFLEXICAPfund regular is howing worst performance. bought at 107.693 in jly 24 and now 97.43 how to shuffle and compensate loss
  
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shravanashok
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37 days ago

need your suggestion for sbi psu fund direct growth stay or switch View more

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The Fixed Income
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2 days ago

Boost Your Investment with a High-Return Secured NBFC Bond Vivriti Capital Limited – 2026 Bonds now listed on The Fixed Income ✔️ Coupon: 9.00% p.a. ✔️ Rating: CARE A+ Stable ✔️ Tenor: 1 year 1 month (Maturity: Nov 04, 2026) ✔️ Senior Secured | NBFC Bond | High Return | Listed Tap into a secured bond offering attractive returns from a trusted NBFC—perfect for investors seeking stability and growth in a short tenure. ???? Explore on The Fixed Income: https://www.thefixedincome.com/product/dVJhbmJnPT0=/900-vivriti-capital-limited-2026?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list View more

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  Boost Your Investment with a High-Return Secured NBFC Bond Vivriti Capital Limited – 2026 Bonds now listed on The Fixed Income ✔️ Coupon: 9.00% p.a. ✔️ Rating: CARE A+ Stable ✔️ Tenor: 1 year 1 month (Maturity: Nov 04, 2026) ✔️ Senior Secured | NBFC Bond | High Return | Listed Tap into a secured bond offering attractive returns from a trusted NBFC—perfect for investors seeking stability and growth in a short tenure. ???? Explore on The Fixed Income: https://www.thefixedincome.com/product/dVJhbmJnPT0=/900-vivriti-capital-limited-2026?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list
  
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sunny85deol
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88 days ago

Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV. View more

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  Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV.
  
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Progrowth Finwealth
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88 days ago

Hi Sunny, what is he period of holding and also any particular reson for withdrawl out of these two funds that have grown over a period of time View more | 1

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h_purandare
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94 days ago

Why are the NAVs of Indian Debt Mutual Funds going down after the rate cut View more

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