The Nippon India Credit Risk Fund Direct Growth represents a debt mutual fund scheme launched by Nippon India Mutual Fund on 30 June 1995. As of the latest data, the fund has achieved impressive returns with ₹60,000 invested becoming ₹62,314 over one year, representing a +3.86% return. The fund's performance over longer periods shows consistent growth, with ₹1,80,000 invested returning ₹2,04,957 over three years (+13.87%) and ₹3,00,000 invested returning ₹3,71,213 over five years (+23.74%). The fund's performance has been strong relative to category averages, with returns of +9.0% compared to the category average of +8.7% for the past year, and +9.2% versus the category average of +9.0% over three years.
The fund operates with a Moderately High risk rating and maintains a Minimum SIP Investment of ₹100 and Minimum Lumpsum Investment of ₹500. The scheme aims to generate optimal returns consistent with moderate levels of risk, investing at least 65% of assets in debt instruments with maturity of more than 1 year and the remainder in money market instruments and debentures with maturity of less than 1 year. Government securities exposure is generally capped at not more than 50% of assets. The fund is currently managed by Amber Singhania and has an Exit load of 1% if units in excess of 10% are redeemed within 12 months.
According to the latest fund rankings, the Nippon India Credit Risk Fund Direct Growth ranks 7th in its category for one-year returns and 7th for three-year returns. The fund's Asset Under Management (AUM) stands at ₹7,48,581 crore with a Latest NAV of ₹41.71 as of 24 June 2026. The fund competes in the competitive debt credit risk category, where it has demonstrated consistent performance above category averages. Returns are taxed as per individual Income Tax slab rates, and the fund's diversified portfolio spans across various sectors including financial services, energy, materials, and consumer staples.
