{"id":243208,"date":"2026-09-11T10:41:34","date_gmt":"2026-09-11T05:11:34","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/hdfc-credit-risk-fund-direct-growth-review-2026\/"},"modified":"2026-09-11T10:41:34","modified_gmt":"2026-09-11T05:11:34","slug":"hdfc-credit-risk-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hdfc-credit-risk-fund-direct-growth-review-2026\/","title":{"rendered":"HDFC Credit Risk Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/hdfc-credit-risk-fund-g-direct-plan\">HDFC Credit Risk Fund Direct Growth Plan<\/a> has a NAV of \u20b928.3765 as of 10 Sep 2026, and its scheme AUM stands at \u20b97,665 Cr. Its 1-year, 3-year and 5-year returns are 7.64%, 8.27% and 7.16%, respectively, and the fund is tagged High Risk. Our view is that this is a credit-focused debt option with a measured long-term profile, but the return pattern is uneven enough that investors need comfort with credit-risk swings.<\/p>\n<p>The fund\u2019s longer record is steadier than its recent patch, yet it has still lagged the benchmark over the same horizons. The portfolio is spread across corporate debt, infrastructure and a cash buffer, so the fund may suit investors who understand that income generation can come with credit-selection risk rather than a smooth debt-fund journey.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-credit-risk-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-credit-risk-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-credit-risk-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_HDFC_Credit_Risk\" title=\"Should you BUY or HOLD HDFC Credit Risk?\">Should you BUY or HOLD HDFC Credit Risk?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-credit-risk-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-credit-risk-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-credit-risk-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-credit-risk-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-credit-risk-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-credit-risk-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-credit-risk-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-credit-risk-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b928.3765 as of 10 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b97,665 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>1.01%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>25 Mar 2014<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9100<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>High Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Debt<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>Nil for 15% of Units, For excess of limits 1% on or before 12M and 0.50% after 12M but on or before 18M, Nil after 18M<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Praveen Jain, Bhavyesh Divecha<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Praveen Jain and Bhavyesh Divecha.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 10 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>0.32%<\/td>\n<td>-4.06%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>2.4%<\/td>\n<td>1.37%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>7.64%<\/td>\n<td>-7.31%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>8.27%<\/td>\n<td>6.07%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>7.16%<\/td>\n<td>5.91%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The recent one-month and three-month behaviour looks choppy rather than linear. Over one month, the fund held a mildly positive path while the benchmark stayed weak, which tells us the scheme has been more resilient in the very short term. Over three months, both improved, but the fund stayed ahead of the benchmark.<\/p>\n<p>The one-year figure needs more caution. The fund finished positive, but the benchmark was negative over the same period, which makes the comparison look favourable on a relative basis even though the path was not especially smooth. That matters because this is still a credit-risk debt fund, where holding quality and spread movements can affect outcomes more than in plain-vanilla short-duration strategies.<\/p>\n<p>At the longer end, the pattern is more stable. The 3-year and 5-year figures are close to each other, which suggests the fund has compounded at a fairly similar pace over multi-year windows. Even so, the benchmark remains lower on both horizons, so the fund has delivered stronger trailing returns than the benchmark without showing a dramatic acceleration in recent months.<\/p>\n<p>Our reading is that the fund\u2019s return profile looks constructive over multi-year periods, but it has not been especially smooth at every checkpoint. That makes the current return pattern more suitable for investors who care about credit-driven income and can tolerate periodic unevenness in exchange for the possibility of steady multi-year compounding.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 10 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_HDFC_Credit_Risk\"><\/span>Should you BUY or HOLD HDFC Credit Risk?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.<\/p>\n<p><strong>Already holding HDFC Credit Risk? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/hdfc-credit-risk-fund-g-direct-plan\">HDFC Credit Risk Fund Direct Growth Plan<\/a><\/td>\n<td>7.64%<\/td>\n<td>8.27%<\/td>\n<td>7.16%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/bank-of-india-credit-risk-fund-g-direct-plan\">Bank of India Credit Risk Fund Direct Growth Plan<\/a><\/td>\n<td>17.99%<\/td>\n<td>10.1%<\/td>\n<td>27.77%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/aditya-birla-sl-credit-risk-fund-g-direct-plan\">Aditya Birla SL Credit Risk Fund Direct Growth Plan<\/a><\/td>\n<td>12.96%<\/td>\n<td>13.18%<\/td>\n<td>10.91%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/dsp-credit-risk-fund-g-direct-plan\">DSP Credit Risk Fund Direct Growth Plan<\/a><\/td>\n<td>11.34%<\/td>\n<td>16.81%<\/td>\n<td>13.36%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/axis-credit-risk-fund-g-direct-plan\">Axis Credit Risk Fund Direct Growth Plan<\/a><\/td>\n<td>8.75%<\/td>\n<td>8.85%<\/td>\n<td>7.7%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-credit-risk-fund-g-direct-plan\">ICICI Pru Credit Risk Fund Direct Growth Plan<\/a><\/td>\n<td>8.72%<\/td>\n<td>9.15%<\/td>\n<td>8.02%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>The fund\u2019s 1-year return is lower than all five peer returns shown here, and the gap is especially visible versus the stronger one-year figures in the peer set. That tells us the recent stretch has been less competitive even though the fund was still positive while the benchmark was negative over 1 year.<\/p>\n<p>On the 3-year and 5-year horizons, the fund also trails the better peer outcomes. The longer-term numbers remain constructive, but they do not match the stronger multi-year compounding visible in several peer funds, especially the larger 5-year results in the group. The short-term and longer-term comparison therefore tell two different stories: the fund has held up better than the benchmark, yet it has not matched the stronger peer return profiles available in the same universe.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 10 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>5% GMR AIRPORTS LIMITED<\/td>\n<td>Corporate Debt<\/td>\n<td>4.83%<\/td>\n<\/tr>\n<tr>\n<td>8.5% NIRMA LTD.^<\/td>\n<td>Corporate Debt<\/td>\n<td>3.92%<\/td>\n<\/tr>\n<tr>\n<td>INDUS INFRA TRUST<\/td>\n<td>Finance<\/td>\n<td>3.3%<\/td>\n<\/tr>\n<tr>\n<td>10.5% TRIUMPH COMPOSITES PRIVATE LIMITED^<\/td>\n<td>Corporate Debt<\/td>\n<td>3.12%<\/td>\n<\/tr>\n<tr>\n<td>NET CURRENT ASSETS<\/td>\n<td>Cash &amp; Cash Equivalents and Net Assets<\/td>\n<td>2.84%<\/td>\n<\/tr>\n<tr>\n<td>JUBILANT BEVERAGES LIMITED^<\/td>\n<td>Corporate Debt<\/td>\n<td>2.79%<\/td>\n<\/tr>\n<tr>\n<td>8.6% ADITYA BIRLA RENEWABLES LIMITED^<\/td>\n<td>Corporate Debt<\/td>\n<td>2.74%<\/td>\n<\/tr>\n<tr>\n<td>10.81% BAMBOO HOTEL AND GLOBAL CENTRE (DELHI) PRIVATE LIMITED^<\/td>\n<td>Corporate Debt<\/td>\n<td>2.62%<\/td>\n<\/tr>\n<tr>\n<td>8.35% KALPATARU PROJECTS INTERNATIONAL LTD^<\/td>\n<td>Corporate Debt<\/td>\n<td>2.61%<\/td>\n<\/tr>\n<tr>\n<td>JUBILANT BEVCO LIMITED^<\/td>\n<td>Corporate Debt<\/td>\n<td>2.59%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The largest holding is 5% GMR AIRPORTS LIMITED at 4.83%, which is not a dominant single-line position by itself. The drop from the first holding to the tenth is modest, ending at 2.59%, so the visible part of the book looks fairly balanced rather than sharply top-heavy.<\/p>\n<p>At the same time, the top 10 holdings together account for approximately 31.36% of the portfolio, and the fund discloses 56 holdings in total. That combination suggests a broader tail beyond the top names, so the portfolio may be carrying both concentration in selected credit positions and diversification across a longer list of smaller exposures.<\/p>\n<p>Because most of the top holdings are corporate debt positions, the fund is likely to have greater influence from issuer-specific credit decisions than from broad market beta. The cash and current-asset slice is present but not large enough to overpower the debt book, so the visible mix still points to a credit-selection-led portfolio.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/hdfc-credit-risk-fund-g-direct-plan\">HDFC Credit Risk Fund Direct Growth Plan<\/a> page<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 10 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund fits investors who can tolerate High Risk in a debt category and who are comfortable with credit-driven fluctuations rather than a very steady income path. The 1-year, 3-year and 5-year numbers show that the fund has compounded positively over multiple horizons, but the journey has not been perfectly smooth and the benchmark comparison is mixed at different checkpoints.<\/p>\n<p>Our view is that the fund is better suited to a medium- to long-term horizon, where a multi-year holding period can matter more than a single weak stretch. The main trade-off is that the portfolio may offer better return potential than a plain conservative debt fund, but that comes with issuer and credit-quality sensitivity that investors must be willing to accept.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Exit load applies only within the holding window described here: nil for 15% of units, and for the excess amount 1% on or before 12 months, 0.50% after 12 months but on or before 18 months, and nil after 18 months.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 10 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>What is the current NAV of HDFC Credit Risk Fund Direct Growth Plan?<\/strong><br \/>The NAV is \u20b928.3765 as of 10 Sep 2026.<\/p>\n<p><strong>How has the fund performed over 1 year, 3 years and 5 years?<\/strong><br \/>Its returns are 7.64% over 1 year, 8.27% over 3 years and 7.16% over 5 years.<\/p>\n<p><strong>How does it compare with the benchmark?<\/strong><br \/>It has outperformed the benchmark over 1 year, 3 years and 5 years. The benchmark returns are -7.31%, 6.07% and 5.91% for those same periods.<\/p>\n<p><strong>How does it compare with peer funds on recent returns?<\/strong><br \/>Its 1-year return is below the peer names shown here, while its longer-term returns are also behind the stronger multi-year peer figures available in the comparison set.<\/p>\n<p><strong>What is the fund\u2019s risk category?<\/strong><br \/>It is tagged High Risk. That means the fund is designed for investors who can handle credit-linked volatility in a debt allocation.<\/p>\n<p><strong>Who manages the fund, and what is the exit load?<\/strong><br \/>The fund is managed by Praveen Jain and Bhavyesh Divecha. Exit load is nil for 15% of units, then 1% on or before 12 months and 0.50% after 12 months but on or before 18 months for the excess amount, with nil exit load after 18 months.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>HDFC Credit Risk Fund Direct Growth Plan has a steadier multi-year return profile than its recent short-term patch, but it has not kept pace with the stronger peer return patterns shown in the comparison set. The benchmark comparison is more reassuring, especially over 1 year, even though the fund\u2019s risk tag remains High Risk. The portfolio is built around selected corporate debt positions with a meaningful tail of smaller holdings, so it looks like a credit-selection fund rather than a broad conservative debt alternative.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 11 September 2026 at 10:39 AM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"HDFC Credit Risk Fund Direct Growth Plan\",\"identifier\":\"hdfc-credit-risk-fund-g-direct-plan\",\"category\":\"Debt\",\"dateCreated\":\"25 Mar 2014\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":28.3765,\"valueReference\":\"as of 10 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"7665 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"1.01\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":7.64},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":8.27},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":7.16},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Praveen Jain, Bhavyesh Divecha\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of HDFC Credit Risk Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The NAV is \u20b928.3765 as of 10 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"How has the fund performed over 1 year, 3 years and 5 years?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its returns are 7.64% over 1 year, 8.27% over 3 years and 7.16% over 5 years.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has outperformed the benchmark over 1 year, 3 years and 5 years. The benchmark returns are -7.31%, 6.07% and 5.91% for those same periods.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with peer funds on recent returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is below the peer names shown here, while its longer-term returns are also behind the stronger multi-year peer figures available in the comparison set.\"}},{\"@type\":\"Question\",\"name\":\"What is the fund\u2019s risk category?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It is tagged High Risk. That means the fund is designed for investors who can handle credit-linked volatility in a debt allocation.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund, and what is the exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is managed by Praveen Jain and Bhavyesh Divecha. Exit load is nil for 15% of units, then 1% on or before 12 months and 0.50% after 12 months but on or before 18 months for the excess amount, with nil exit load after 18 months.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HDFC Credit Risk Fund Direct Growth Plan has a NAV of \u20b928.3765 as of 10 Sep 2026, with 1Y, 3Y and 5Y returns of 7.64%, 8.27% and 7.16%.<\/p>\n","protected":false},"author":38,"featured_media":243205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-243208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["243205"],"rank_math_title":["HDFC Credit Risk Fund Review 2026 | NAV 28.3765"],"rank_math_description":["HDFC Credit Risk Fund Direct Growth Plan review 2026: NAV \u20b928.3765, 1Y return 7.64%, 3Y 8.27%, 5Y 7.16%."],"rank_math_focus_keyword":["HDFC Credit Risk Fund Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/HDFC_Credit_Risk_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/243208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=243208"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/243208\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/243205"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=243208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=243208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=243208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}