Nippon India Credit Risk 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 42 (Category Avg - 35.50) | Modified Duration 1.97 Years (Category Avg - 2.14)| Yield to Maturity 8.23% (Category Avg - 7.58%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	14.34%	14.87%
CD	0.00%	1.35%
CP	0.00%	0.06%
NCD & Bonds	77.84%	70.97%
PTC	0.00%	1.43%

Category - Credit Risk Fund

Security Type	% Weight	Category Average
Government Backed	14.34%	14.87%
Low Risk	55.39%	65.80%
Moderate Risk	22.45%	7.57%
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 Oct,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other			772.84	7.70%	75.00 L
Bond - ReNew Solar Energy (Jharkhand Five) Private Ltd.	NCD & Bonds	Power generation	CARE AA	CARE	476.17	4.75%	5.00 k
Bond - Jubilant Bevco Ltd.	NCD & Bonds	Restaurants	AA	CRISIL	424.74	4.23%	4.00 k
Bond - Truhome Finance Ltd.	NCD & Bonds	Housing finance company	AA	CRISIL	410.69	4.09%	4.00 k
Bond - Sandur Manganese & Iron Ores Ltd.	NCD & Bonds	Ferro & silica manganese	LA+	ICRA	385.40	3.84%	4.00 k
Bond - Mancherial Repallewada Road Private Ltd.	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	CARE AAA	CARE	362.08	3.61%	4.50 k
Bond - Delhi International Airport Ltd.	NCD & Bonds	Airport & airport services	LAA	ICRA	361.44	3.60%	3.50 k
Bond - Vedanta Ltd.	NCD & Bonds	Diversified metals	LAA	ICRA	353.16	3.52%	3.50 k
Bond - Renserv Global Pvt Ltd.	NCD & Bonds	Other electrical equipment	CARE A+	CARE	350.10	3.49%	3.50 k
Bond - Hiranandani Financial Services Private Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE A+	CARE	349.18	3.48%	3.50 k
Bond - Jubilant Beverages Ltd.	NCD & Bonds	Other beverages	AA	CRISIL	317.74	3.17%	3.00 k
Bond - Aditya Birla Real Estate Ltd.	NCD & Bonds	Paper & paper products	AA	CRISIL	306.49	3.05%	3.00 k
Bond - Govt of India	GOI	Other			301.07	3.00%	30.00 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	265.56	2.65%	250.00
Bond - Mindspace Business Parks REIT	NCD & Bonds	Real estate investment trusts (reits)	AAA	CRISIL	256.71	2.56%	2.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	253.99	2.53%	2.50 k
Bond - Ashoka Buildcon Ltd.	NCD & Bonds	Civil construction	CARE AA-	CARE	250.85	2.50%	2.50 k
Bond - Bamboo Hotel And Global Centre (Delhi) Private Ltd.	NCD & Bonds	Hotels & resorts	LA+	ICRA	233.68	2.33%	2.30 k
Bond - Profectus Capital Private Ltd.	NCD & Bonds	Non banking financial company (nbfc)	A-	CRISIL	213.10	2.12%	2.12 k
Bond - Govt of India	GOI	Other			209.43	2.09%	20.00 L
Bond - Jtpm Metal Traders Pvt Ltd.	NCD & Bonds	Trading - metals	AA	CRISIL	203.82	2.03%	2.00 k
Bond - GMR Airports Ltd.	NCD & Bonds	Airport & airport services	A+	CRISIL	202.05	2.01%	2.00 k
Bond - IIFL Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA	CRISIL	200.24	2.00%	2.00 k
Bond - GMR Airports Ltd.	NCD & Bonds	Airport & airport services	A+	CRISIL	152.09	1.52%	1.50 k
Bond - Muthoot Capital Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LA+	ICRA	149.70	1.49%	1.50 k
Bond - Indostar Home Finance Private Ltd.	NCD & Bonds	Housing finance	AA-	CRISIL	140.31	1.40%	2.00 k
Bond - Kosamattam Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	A	FITCH	117.24	1.17%	1.19 k
Bond - Ashoka Buildcon Ltd.	NCD & Bonds	Civil construction	CARE AA-	CARE	110.39	1.10%	1.10 k
Bond - Govt of India	GOI	Other			103.35	1.03%	10.00 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	101.37	1.01%	100.00
Bond - Muthoot Fincorp Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA-	CRISIL	100.73	1.00%	1.00 L
Bond - Vivriti Capital Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LA+	ICRA	100.20	1.00%	1.00 k
Bond - Indostar Home Finance Private Ltd.	NCD & Bonds	Housing finance	AA-	CRISIL	100.19	1.00%	1.00 k
Bond - SMFG India Home Finance Co. Ltd.	NCD & Bonds	Housing finance company	CARE AAA	CARE	100.17	1.00%	100.00
Bond - Summit Digitel Infrastructure Pvt Ltd.	NCD & Bonds	Telecom - infrastructure	AAA	CRISIL	100.00	1.00%	100.00
Bond - Adani Transmission Step-Two Ltd.	NCD & Bonds	Power - transmission	AA+	CRISIL	99.30	0.99%	1.00 k
Bond - Suryapet Khammam Road Pvt Ltd.	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	CARE AAA	CARE	72.49	0.72%	750.00
Bond - Govt of India	GOI	Other			51.80	0.52%	5.00 L
Bond - Vedanta Ltd.	NCD & Bonds	Diversified metals	AA	CRISIL	50.06	0.50%	500.00
Bond - Incred Financial Services Private Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA-	CRISIL	49.92	0.50%	500.00
Bond - Telangana State Industrial Infrastructure Corporation Ltd.	NCD & Bonds	Diversified commercial services	AA	FITCH	44.49	0.44%	440.00
Bond - Telangana State Industrial Infrastructure Corporation Ltd.	NCD & Bonds	Diversified commercial services	AA	FITCH	44.33	0.44%	440.00