DSP Credit Risk Fund

Total AUM

₹216.84 crores
as of Jan 31, 2026

Age of Fund

22 years 9 months since May 13, 2003

Expense Ratio

1.22%
as of Feb 23, 2026

Exit Load

3%
upto 12 Months

Ideal holding period

3 Years+

Portfolio as of Jan 31, 2026

Debt 91.1%
Others 8.9%

Indian (91.1%)

Credit rating profile	Weight %
SOVEREIGN	23.2 %
AAA	4.8 %
AA	48.5 %
AA-	2.4 %
A+	4.8 %
Cash & Equivalent	7.4 %

Instrument break-up	Weight %
Bonds & NCDs	60.5 %
Government Securities (Central/State)	23.2 %
TREPS	9.2 %

Holdings	Weight %
6.48% GOI 2035	13.9 %
TREPS / Reverse Repo Investments	9.2 %
Nirma Limited	7.5 %
Aditya Birla Renewables Limited	7.2 %
Aadhar Housing Finance Limited	5.0 %
Aditya Birla Real Estate Limited	4.9 %
Sikka Ports & Terminals Limited	4.8 %
Nuvama Wealth Finance Limited	4.8 %
GMR AIRPORTS LIMITED	4.8 %
Tata Projects Limited	4.8 %
JTPM Metal Traders Limited	4.8 %
Piramal Finance Limited	4.7 %
6.92% GOI 2039	4.6 %
Tata Projects Limited	2.4 %
7.10% GOI 2034	2.4 %
Indostar Capital Finance Limited	2.4 %
360 One Prime Limited	2.4 %
6.33% GOI 2035	2.3 %
Cash & cash equivalents	-1.8 %
View All Holdings	91.1 %66.9 %

Holdings	Weight %
Roadstar Infra Investment Trust	8.6 %
SBI Funds Management Pvt Ltd/Fund Parent	0.3 %
	8.9 %

Indicators

Yield to Maturity

7.67 %

Modified Duration

2.43 Years

Portfolio Macaulay Duration

2.55 Years

Average Maturity

3.40 Years

Performance

Performance highlights over last

for

investment

Cumulative returns on

Annual returns

Current value

Min CAGR:

MedianCAGR:

Max CAGR:

Good Returns

Negative Returns

vs Fixed Deposit

vs Category

vs Benchmark

Historical Returns (As per SEBI format)as of with investment of₹10,000

	This fund		CRISIL Credit Risk Debt B-II I… ^{^}		CRISIL 10 Year Gilt In… ^#
	CAGR	Current Value	CAGR	Current Value	CAGR	Current Value

Income distribution Cum Capital Withdrawal (IDCW) Distributed

Record Date	Face Value	IDCW per unit	NAV Before	NAV After

Chart type

Graph viewTable view

Invested as

Invested Amount

₹

Invested since

This fund

CRISIL Credit Risk Deb…

CRISIL 10 Year Gilt In…

Gold

PPF

	Funds	Annual returns	Current Value	Absolute Growth	IDCW paid

Chart type:

Returns RangesStatistics

Invested Amount

₹

Rolling period

Funds	Minimum	Median	Maximum	% times -ve returns	% times returns > 7%

Date of allotment: May 13, 2003.

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan.

Since inception returns have been calculated from the date of allotment till June 30, 2021

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Rolling returns have been calculated based on returns from regular plan growth option.

Pursuant to payments of Income Distribution cum Capital Withdrawal, the NAV of the IDCW option(s) of Schemes would fall to the extent of payout, and statutory levy, if any.

^ Fund Benchmark # Additional Benchmark

Scheme disclaimers

Fund Details

Things to know before you invest

What is in DSP Credit Risk Fund?

DSP Credit Risk fund invests in a thoughtful mix of high yielding & lower-rated debt securities.
It invests in debt instruments across different credit ratings, with at least 65% in AA and below rated securities.

Why should one invest in DSP Credit Risk Fund?

Earn potentially higher returns by taking risky credit exposure across corporate debt instruments over a 3 year+ investment horizon.
AA & below rated papers have high risk of default. Thus, investing in fund where fund Manager follows robust due diligence process for evaluating companies can help reduce such risk.

Who should invest in DSP Credit Risk Fund?

Consider this fund if you
- Are an experienced investor with a well-set core portfolio & know what you're doing.
- Prefer the stability of the debt market but are okay to expose yourself to credit risk.
- Are willing & able to remain invested for at least 3 years.
- Recognize that investing in a fund like this could also result in a short-term loss.

Rethink before you invest

Credit Risk Fund carries High Risk.
High-yielding, lower rated debt securities can give higher returns but come with higher credit risk- you could lose your money if corporate get into financial trouble.
Longer-duration debt securities can generate higher returns but come with higher interest rate risk.
In rare or extreme scenarios, one may be unable to withdraw money even at a loss for short periods of time.

Fund managers:

Vivek Ramakrishnan

Total work experience of 31 years. Managing this fund since July 2021.

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Total work experience of 31 years. Managing this fund since July 2021.

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Shalini Vasanta

Total work experience of 13 years. Managing this fund since January 2025.

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Total work experience of 13 years. Managing this fund since January 2025.

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Kunal Khudania

Managing this fund since January 2026.

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Managing this fund since January 2026.

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Vivek has diversified experience in credit analysis and banking spanning over two decades. He started his career in finance with CRISIL as a Credit Analyst in 1995, and moved on to ICICI Prudential Mutual Fund in 2001, where he worked as a Credit Analyst and Fund Manager. Thereafter, Vivek joined Standard Chartered Bank in 2004, where he worked in multiple roles during his 15-year stint, which included Research (Head ? Fixed Income Credit Analysis, where he covered USD bonds for Asian issuers), Capital Markets, and Relationship Management. In his last assignment with the Bank, he was working as an Executive Director and Head ? Finance Companies. He joined DSP Mutual Fund as Vice President, Investments in October 2019. Vivek holds a Ph.D. and a Master of Science in Materials Science from the University of Southern California, and a B.Tech. from the Indian Institute of Technology, Madras.

Sr. No.	Scheme Name	Managing since	Period
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Sr. No.

Scheme Name

Managing since

Period

1 Years

3 Years

5 Years

Scheme return (%)

Benchmark return (%)

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Scheme return (%)

Benchmark return (%)

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of regular plan.

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Shalini has a total work experience of over 11 years. She has been part of the Fixed Income Team at DSP Asset Managers since 2017. Shalini has also worked with ICRA Ltd. as a Credit Rating Analyst in their Large Corporate Group. She holds a Master of Business Administration (Finance) degree from NMIMS, Mumbai, and a B.A. (Hons.) in Economics & Statistics from St. Xavier's College, Mumbai.

Sr. No.	Scheme Name	Managing since	Period
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Sr. No.

Scheme Name

Managing since

Period

1 Years

3 Years

5 Years

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of regular plan.

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Kunal has a total work experience of over 9 years. He joined DSP Asset Managers in August 2022 as part of the credit team and then moved into Fixed Income Dealing. He has previously worked with Mirae Asset Investment Managers and Futures First Info Services. He is a Chartered Accountant (ICAI India) and also holds a Bachelor of Commerce Degree (Honors) from SRCC (Delhi University).

Sr. No.	Scheme Name	Managing since	Period
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Sr. No.

Scheme Name

Managing since

Period

1 Years

3 Years

5 Years

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of regular plan.

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Investment Objective

The primary investment objective is to seek to generate returns commensurate with risk from a portfolio constituted of money market securities and/or debt securities.
There is no assurance that the investment objective of the Scheme will be realized.

Fund Type

Debt – Income

Credit Risk Fund

An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds).
A relatively high interest rate risk and relatively high credit risk.

Riskometer

Level of Risk in the fund

View details

Potential Risk Class Matrix : C-III

C-III is the potential risk class matrix of DSP Credit Risk Fund based on interest rate & credit risk.

Minimum Investment

Lumpsum ₹ 100
SIP ₹ 100 (12 instalments)
Additional purchase ₹ 100

Tax Implications (Applies to redemptions or transfers made on or after April 1, 2025)

Taxation category - Specified Mutual Fund Sub Category - Unlisted Debt schemes

Holding period	Capital gain type	Applicable tax rate
Not Applicable	Long term	Not Applicable
Not Applicable	Short term	Applicable Rate

Mutual fund taxation is based on the fund's taxation category, sub-category, and holding period. The applicable tax rates are subject to prevailing tax laws, including surcharges, cess, and exemptions. Please consult a tax advisor for personalized guidance. View detailed tax guide

Transaction timelines

Purchase (including SIP) Redemption (including SWP) Switch-out (including STP-out) Switch-in (including STP-in)

NAV You Get	Cut-off Time	Processing Timeline
Same-day NAV (if money is received before cut-off)	3:00 PM (business days)	Units added to your folio on T+1 days (if money is received before cut-off).

NAV You Get	Cut-off Time	Processing Timeline
Same-day NAV (if request is placed before cut-off)	3:00 PM (business days)	Redemption processed on T+1 business days. Money credited to your bank account by T+1 business days.

NAV You Get	Cut-off Time	Processing Timeline
Same-day NAV (if request is placed before cut-off)	3:00 PM (business days)	Switch-out processed on T+1 business days

NAV You Get	Cut-off Time	Processing Timeline
NAV of this scheme	3:00 PM (business days)	Units added on T+1 business days after the switch-out from the source scheme.

NAV You Get	Cut-off Time	Processing Timeline
NA	NA	Money credited instantly.

Requests after cut-off are processed using next business day's NAV.
Business days: Monday to Friday (excluding public holidays).
No transactions are processed on weekends or public holidays. Click here to view the list of Non-Business Days.
T+1, T+3, T+5 refer to 1 / 3 / 5 working days after the transaction day.
Kindly note that the processing timeline for Switch-In transactions is governed by the TAT of the respective Switch-Out scheme. Hence the Switch-Out TAT should be referred to for estimating the Switch-In timeline.