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Up to six funds side by side, and how much of each is the same portfolio as the others. Overlap is Σ min(weight) over the stocks both hold, from the latest disclosures.

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Overlap

share of the portfolio the two funds hold in common

Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)HDFC Credit Risk
Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)
itself
9%
HDFC Credit Risk
9%
itself

Most alike: Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1) and HDFC Credit Risk Fund share 9% of their portfolios. Two funds this different are doing different things; whether that is what you want is a separate question.

Side by side

record, cost, returns, drawdown, size

MeasureNippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)HDFC Credit Risk
CategoryCredit RiskCredit Risk
Share of three-year stretches it beat its category P439% of 10964% of 109
Regular plan costs more than Direct by, a year P50.81%0.74%
Portfolio turned over a year P1not measurednot measured
Run by P7Sushil Budhia · 6.5 yrsnot known
1-year return7.9%7.4%
3 years p.a.8.9%8.2%
5 years p.a.7.9%7.2%
Deepest fall (max drawdown)−0.4%−0.4%
Assets (AUM)₹1,450 Cr₹7,682 Cr
Disclosed history13 yrs1 mo
Holdings · top ten weight63 · 38%99 · 31%

Funds in different categories are not comparable on returns — a category error is the first thing the postulates refuse to make. Compare each to its own category on its fund page.