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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

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

Most alike: HDFC Credit Risk Fund and Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1) 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

MeasureHDFC Credit RiskNippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)
CategoryCredit RiskCredit Risk
Share of three-year stretches it beat its category P464% of 10939% of 109
Regular plan costs more than Direct by, a year P50.74%0.81%
Portfolio turned over a year P1not measurednot measured
Run by P7not knownSushil Budhia · 6.5 yrs
1-year return7.4%7.9%
3 years p.a.8.2%8.9%
5 years p.a.7.2%7.9%
Deepest fall (max drawdown)−0.4%−0.4%
Assets (AUM)₹7,682 Cr₹1,450 Cr
Disclosed history1 mo13 yrs
Holdings · top ten weight99 · 31%63 · 38%

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.