ICICI Prudential Credit Risk Fund
ICICI Prudential Mutual Fund · Best Credit Risk Mutual Funds
NAV history
Scorecard
★★★★★5/5 vs 13 of 11 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). 13 of the 11 Credit Risk Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +9.20% · ranks 6 of 11 Credit Risk Funds
Volatility 1.2% vs 2.7% category avg
0.8% 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
- Stronger risk-adjusted returns — Sharpe 2.31 vs 1.61 Credit Risk Fund average
- Less volatile than its Credit Risk Fund peers (1.2% vs 2.7%)
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- 1-year return (+8.81%) trails the Credit Risk Fund average (+9.39%)
- 3-year return (+9.20%) trails the Credit Risk Fund average (+10.15%)
- 5-year return (+8.08%) trails the Credit Risk Fund average (+10.67%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark ratios
Not shown for Credit Risk Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.
Fund vs category average (Credit Risk Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.79% | +0.71% | +0.08% |
| 3M abs | +3.11% | +2.95% | +0.16% |
| 6M abs | +4.13% | +5.05% | -0.92% |
| 1Y CAGR | +8.81% | +9.39% | -0.58% |
| 3Y CAGR | +9.20% | +10.15% | -0.95% |
| 5Y CAGR | +8.08% | +10.67% | -2.59% |
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
Rolling returns
Return for every possible 1Y holding period, not just today’s
152 overlapping 1Y windows, sampled monthly across the fund’s history.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +5.18% | |
| 2025 | +10.22% | |
| 2024 | +9.20% | |
| 2023 | +7.95% | |
| 2022 | +5.74% | |
| 2021 | +6.95% | |
| 2020 | +10.50% | |
| 2019 | +10.15% | |
| 2018 | +7.70% | |
| 2017 | +7.79% |
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.
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹6,000Cr 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.
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 ICICI Prudential Credit Risk Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
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.
ICICI Prudential in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
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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 Debt funds
Debt funds lend to governments and companies and earn interest. They're generally steadier than equity funds and are used for shorter horizons and stability.
Frequently asked questions
What is the NAV of ICICI Prudential Credit Risk Fund?
As of 20 Aug 2026, the NAV of ICICI Prudential Credit Risk Fund is ₹38.61 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has ICICI Prudential Credit Risk Fund delivered?
ICICI Prudential Credit Risk Fund has returned +8.81% over 1 year, +9.20% per year over 3 years, +8.08% per year over 5 years and +8.95% 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 ICICI Prudential Credit Risk Fund?
ICICI Prudential Credit Risk Fund charges an expense ratio of 0.80% 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 ICICI Prudential Credit Risk Fund?
Its largest holdings are Others IRS (5.1%), GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100 (4.3%), JTPM METAL TRADERS LIMITED NCD 30AP30 FVRS1LAC (3.9%), Embassy Office Parks REIT (3.3%) and VEDANTA LIMITED SR 1 9.40 NCD 20FB27 FVRS1LAC (3.2%). Holdings are disclosed monthly and change over time.
How risky is ICICI Prudential Credit Risk Fund?
It is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.2% and its worst peak-to-trough fall in our sample was -2.9%. 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 2.31 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Credit Risk Fund's 2.31 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of ICICI Prudential Credit Risk Fund?
ICICI Prudential 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 ICICI Prudential Credit Risk Fund?
ICICI Prudential Credit Risk Fund is managed by Manish Banthia and Akhil Kakkar at ICICI Prudential.
How is ICICI Prudential Credit Risk Fund taxed?
ICICI Prudential 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.