Bandhan Credit Risk Fund
This is the Direct plan of Bandhan 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
★☆☆☆☆1/5 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 +7.24% · ranks 12 of 12 Credit Risk Funds
Volatility 0.9% vs 2.8% category avg
0.7% expense vs 0.7% 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
- Less volatile than its Credit Risk Fund peers (0.9% vs 2.8%)
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- 1-year return (+5.58%) trails the Credit Risk Fund average (+8.81%)
- 3-year return (+7.24%) trails the Credit Risk Fund average (+10.12%)
- 5-year return (+6.31%) trails the Credit Risk Fund average (+10.44%)
- Ranks #12 of 12 on 1-year return in its Credit Risk Fund cohort
- Weaker risk-adjusted returns — Sharpe 0.79 below the Credit Risk Fund average of 1.57
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 | +0.20% | +0.18% | +0.02% |
| 3M abs | +0.74% | +1.21% | -0.47% |
| 6M abs | +3.42% | +5.17% | -1.75% |
| 1Y CAGR | +5.58% | +8.81% | -3.23% |
| 3Y CAGR | +7.24% | +10.12% | -2.88% |
| 5Y CAGR | +6.31% | +10.44% | -4.13% |
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 Bandhan 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 | +4.17% | |
| 2025 | +7.30% | |
| 2024 | +8.45% | |
| 2023 | +6.79% | |
| 2022 | +4.03% | |
| 2021 | +4.99% | |
| 2020 | +8.44% | |
| 2019 | +10.06% | |
| 2018 | +6.26% | |
| 2017part | +6.37% |
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- Debt92.37%
- Cash & Equivalents7.63%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹239.77Cr in January - March 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
Bandhan Mutual Fund is the former IDFC Mutual Fund, bought in 2022 by a consortium of Bandhan Financial Holdings, ChrysCapital and GIC and renamed the following year. It carries a long-established debt franchise alongside its equity and index schemes.
Fund Managers
GKGautam KaulManaging since 16 Jul 2022
Senior Fund Manager - Fixed Income
MBA, B.Com
Mr. Gautam Kaul joined the Fixed Income Fund Management team Bandhan AMC on November 24, 2021 Senior Fund Manager – Fixed Income. He was earlier associated Bandhan with Edelweiss Asset Management Company Ltd. as Fund Manager from December 2016 to CRISIL IBX Gilt June 2027 Index November 2021 and was managing various schemes of Edelweiss Mutual Fund. CRISIL IBX Gilt April 2032 Index Prior to this, he was also Fund, Bandhan CRISIL IBX 90:10 associated with IDBI Asset SDL Plus Gilt– November 2026 Management Company Ltd. as Fund Manager from March 2010 November 2016 and was managing various schemes of IDBI Mutual Fund. His prior associations also include Religare Asset Management Company Ltd., Sahara Asset Management Company Ltd. and Mata Securities India Private Ltd. (Total experience – 22 years)
- Bandhan Banking and PSU Debt Fund
- BANDHAN Corporate Bond Fund
- BANDHAN Corporate Bond Fund
- BANDHAN CREDIT RISK FUND
- BANDHAN CRISIL IBX 90:10 SDL PLUS GILT - APRIL 2032 INDEX FUND
- BANDHAN CRISIL IBX 90:10 SDL PLUS GILT - SEPTEMBER 2027 INDEX FUND
- BANDHAN CRISIL IBX GILT APRIL 2028 INDEX FUND
- BANDHAN CRISIL IBX GILT APRIL 2032 INDEX FUND
- BANDHAN CRISIL IBX GILT JUNE 2027 INDEX FUND
- BANDHAN LONG TERM FUND
- Bandhan Money Market Fund
- Bandhan Money Market Fund
- BANDHAN MULTI ASSET ALLOCATION FUND
- BANDHAN RETIREMENT FUND
- BANDHAN CRISIL IBX GILT APRIL 2026 INDEX FUND - Direct Plan - Growth
DLDebraj LahiriManaging since 17 Apr 2023
Mr. Debraj Lahiri joined Bandhan AMC on April 03, 2023 as Fund Manager and Vice President - Credit Research, Fixed Income. He was earlier associated with ICICI Prudential Asset Management Company Limited as Credit Analyst from February 2018 to March 2023 and with Invesco Asset Management India Private Limited from August 2013 to February 2018 as Credit Analyst and was responsible for Credit appraisal of entities belonging to diverse sectors for the purpose of investments by fixed income and hybrid funds. Prior to that, he was associated with CARE Ratings from September 2010 to August 2013 as Credit Rating Analyst and handled credit rating of corporates belonging to diverse sectors. (Total experience - 14 years)
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.
Explore from here
Bandhan 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.
Bandhan Ultra Short to Short Term Fund Direct-IDCW Weekly
The Economic Times · 4d ago
Bandhan 10 year Constant Maturity Gilt Fund - Dir - Growth
ClearTax · 4d ago
Bandhan Mutual Fund raises EPL Ltd stake to 7.36% via open market buy
scanx.trade · 5d ago
Dalmia Bharat Refractories sells 11.1% stake in RHI Magnesita to Clarus Capital, Bandhan MF, SBI MF,...
Moneycontrol.com · 12d ago
Bandhan Small Cap Fund August portfolio: Cyient, P N Gadgil see higher holdings; 4 stocks added, 6 exited
Livemint · 18d ago
Bandhan Mutual Fund raises Mastek stake to 5.05% via open market buy
scanx.trade · 20d ago
Bandhan Mutual Fund raises Cyient stake to 5.03% via open market
scanx.trade · 28d ago
Bandhan Mutual Fund Buys 58.65 Lakh EPL Shares, Raises Stake To 5.3%
NDTV Profit · 03 Sep 2026
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 Bandhan Credit Risk Fund?
As of 01 Oct 2026, the NAV of Bandhan Credit Risk Fund is ₹19.08 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Bandhan Credit Risk Fund delivered?
Bandhan Credit Risk Fund has returned +5.58% over 1 year, +7.24% per year over 3 years, +6.31% per year over 5 years and +6.98% 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 Bandhan Credit Risk Fund?
Bandhan Credit Risk Fund charges an expense ratio of 0.66% 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 Bandhan Credit Risk Fund?
Bandhan Credit Risk Fund's largest holdings are 8.35% Aditya Birla Real Estate Limited (9.0%), 7.75% Power Finance Corporation Limited (8.9%), 8.33% Tata Projects Limited (8.9%), 7.99% CEAT Limited (8.9%) and 7.76% Aadhar Housing Finance Limited (8.8%). Holdings are disclosed monthly and change over time.
How risky is Bandhan Credit Risk Fund?
Bandhan Credit Risk Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.9% and its worst peak-to-trough fall in our sample was -2.6%. 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 0.79 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bandhan Credit Risk Fund's 0.79 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Bandhan Credit Risk Fund?
Bandhan Credit Risk Fund is benchmarked against the NIFTY Credit Risk Bond Index B-II. Its alpha and beta on this page are measured against that index.
Who manages Bandhan Credit Risk Fund?
Bandhan Credit Risk Fund is managed by Gautam Kaul and Debraj Lahiri at Bandhan.
How is Bandhan Credit Risk Fund taxed?
Bandhan 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.