DSP Credit Risk Fund
This is the Direct plan of DSP Credit Risk Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★★★☆4/5 vs 12 Credit Risk Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Credit Risk Fund (same plan and option).
3Y CAGR +16.68% · ranks 1 of 12 Credit Risk Funds
Volatility 7.7% vs 2.1% category avg
0.4% expense vs 0.8% category avg
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- 1-year return (+10.81%) beats the Credit Risk Fund average (+8.27%)
- 3-year return (+16.68%) beats the Credit Risk Fund average (+9.27%)
- 5-year return (+13.38%) beats the Credit Risk Fund average (+9.76%)
- Low expense ratio (0.43%) vs the Credit Risk Fund average of 0.75%
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- Weaker risk-adjusted returns — Sharpe 1.33 below the Credit Risk Fund average of 1.52
- More volatile than its Credit Risk Fund peers (7.7% vs 2.1%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Credit Risk Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.17% | +0.05% | +0.12% |
| 3M abs | +0.96% | +1.12% | -0.16% |
| 6M abs | +10.11% | +4.74% | +5.37% |
| 1Y CAGR | +10.81% | +8.27% | +2.54% |
| 3Y CAGR | +16.68% | +9.27% | +7.41% |
| 5Y CAGR | +13.38% | +9.76% | +3.62% |
Category average across peers in Credit Risk Fund (up to 11 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 11 peers in Credit Risk Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into DSP Credit Risk Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +9.42% | |
| 2025 | +21.99% | |
| 2024 | +8.62% | |
| 2023 | +16.57% | |
| 2022 | +10.12% | |
| 2021 | +3.74% | |
| 2020 | +5.63% | |
| 2019 | +5.33% | |
| 2018 | -2.00% | |
| 2017 | +7.09% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt96.08%
- Cash & Equivalents3.92%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹250.18Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
DSP Mutual Fund is run by DSP Asset Managers, part of the DSP Group, a Mumbai financial firm whose broking lineage runs back to 1860. The house operated as a joint venture with BlackRock — and Merrill Lynch before it — until the DSP family bought out the foreign stake in 2018.
Fund Managers
VRVivek RamakrishnanManaging since 17 Jul 2021
SVShalini VasantaManaging since 01 Jan 2025
MBA (Finance); BA (Economics & Statistics Hons)
Over 12 years of Experience: From April 01, 2023 onwards: AVP, Fixed Income Investments - DSP Asset & Managers Private Limited From Jan 2017 to March 31, 2023 -AVP, Fixed Income Investments - DSP Investment Managers Private Limited From March 2012 – December 2016: Senior Credit Analyst - ICRA Limited
KKKunal KhudaniaManaging since 01 Jan 2026
Chartered Accountant B.Com (Honors)
8 years of experience: From July 01, 2025 to present: Fund Manager (Fixed Income) DSP Asset Managers Private Limited From August 02, 2024 to present: Dealer (Fixed Income) – DSP Asset Managers Private Limited From April 01, 2023 to August 01, 2024: Credit Analyst – DSP Asset Managers Private Limited From August 16, 2022 to March 31, 2023: Credit Analyst – DSP Investment Managers Private Limited From March 17, 2017 to August 12, 2022 – Credit Analyst – Mirae Asset Investment Managers India Private Limited From July, 2016 to March, 2017 – Market Analyst – Futures First Info Services Private Limited
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Credit Risk funds
Credit risk funds must keep at least 65% in corporate bonds rated AA and below. The lower rating is what pays the extra yield, and it is also the risk — a downgrade or default hits the NAV directly, which is not a thing that happens in a gilt fund.
From the blog
Frequently asked questions
What is the NAV of DSP Credit Risk Fund?
As of 05 Oct 2026, the NAV of DSP Credit Risk Fund is ₹60.93 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has DSP Credit Risk Fund delivered?
DSP Credit Risk Fund has returned +10.81% over 1 year, +16.68% per year over 3 years, +13.38% per year over 5 years and +9.17% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of DSP Credit Risk Fund?
DSP Credit Risk Fund charges an expense ratio of 0.43% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of DSP Credit Risk Fund?
DSP Credit Risk Fund's largest holdings are 6.94% GOI 11052036 (8.2%), Kotak Mahindra Bank Limited (7.8%), Nuvoco Vistas Corporation Limited (6.8%), Aditya Birla Digital Fashion Ventures Limited (6.5%) and Adani Airport Holdings Limited (6.5%). Holdings are disclosed monthly and change over time.
How risky is DSP Credit Risk Fund?
DSP Credit Risk Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 7.7% and its worst peak-to-trough fall in our sample was -6.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 1.33 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. DSP Credit Risk Fund's 1.33 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of DSP Credit Risk Fund?
DSP Credit Risk Fund is benchmarked against the CRISIL Credit Risk Debt B-II Index. Its alpha and beta on this page are measured against that index.
Who manages DSP Credit Risk Fund?
DSP Credit Risk Fund is managed by Vivek Ramakrishnan, Shalini Vasanta and Kunal Khudania at DSP.
How is DSP Credit Risk Fund taxed?
DSP Credit Risk Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.