Nippon India Credit Risk Fund Growth

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Debt
Credit Risk
Rating 3
Plan

28.74 +0.01 (0.03%) NAV as on 06 Feb, 2023

5D
1M
6M
1Y
5Y
MAX

Key Metrics

AUM (in Cr)1013.52
CAGR 4.48%
Exit Load1.00%
Expense ratio1.65%
CategoryDebt
Min Investment500
Min SIP100
Launch Date2005-06-08

Asset Allocation

Holdings As On - 07 February 2023

Name
Value (Cr)
Holding %

Triparty Repo
87.02
8.54%

Net Current Assets
59.06
5.79%

JSW Steel Limited
55.31
5.42%

5.22% Govt Stock 2025
48.00
4.71%

Piramal Capital & Housing Finance Limited
47.12
4.62%

7.35% Govt Stock 2024
45.21
4.43%

Greenlam Industries Limited
43.70
4.29%

L&T Metro Rail (Hyderabad) Limited
41.68
4.09%

Macrotech Developers Limited
40.01
3.92%

Shriram Housing Finance Limited
39.86
3.91%

Peer Comparison

Fund Name
Aditya Birla Sun Life Credit Risk Fund Regular Plan Growth7.54%
Axis Credit Risk Fund Regular Growth4.56%
IDFC Credit Risk Fund Regular Growth3.96%
Nippon India Credit Risk Fund Institutional Growth4.68%
Nippon India Credit Risk Fund Growth4.48%

Risk & Volitility

Alpha -4.81%
Beta 0.90
Sharpe Ratio-0.05
Std Deviation 7.94%
Tracking Error 8.09%

About Fund

The Fund focuses on maximizing accrual with increased allocation to AA- and below segment, while maintaining duration of 1.5 - 2.5 years. Core mandate is to generate returns through accrual, hence low duration profile. Emphasis is on credit risk diversification.

The Nippon India Credit Risk Fund Growth has an AUM of 1013.52 crores & has delivered CAGR of 3.79% in the last 5 years. The fund has an exit load of 1.00% and an expense ratio of 1.65%. The minimum investment in Nippon India Credit Risk Fund Growth is Rs 500 and the minimum SIP is Rs 100.

As per morningstar the risk & return rating of the fund are Low & Low respectively.

The top holdings of the fund include Triparty Repo, Net Current Assets, JSW Steel Limited & 5.22% Govt Stock 2025.

Some of the similar funds are Aditya Birla Sun Life Credit Risk Fund Regular Plan Growth, Axis Credit Risk Fund Regular Growth, IDFC Credit Risk Fund Regular Growth, Nippon India Credit Risk Fund Institutional Growth, Nippon India Credit Risk Fund Growth. Nippon India Credit Risk Fund Growth has a sharpe ratio of -0.05 & a standard deviation of 7.94%.