Credit Risk · Debt

Axis Credit Risk Fund

Axis Asset Management Co. Ltd.

Benchmark

CRISIL Credit Risk Debt B-II Index

Riskometer

High

Size

₹373 cr

Allotted

15 Jul 2014

Holdings as of

30 Sep 2026

Axis Credit Risk Fund is a credit risk fund of Axis Asset Management Co. Ltd. with ₹373 cr under management. It is ahead of its benchmark (CRISIL Credit Risk Debt B-II Index) in 3 of 4 periods. Its direct plan charges 0.82% a year. Devang Shah has managed it for 12.2 years.

Has Axis Credit Risk Fund beaten its benchmark?

Ahead of its benchmark, CRISIL Credit Risk Debt B-II Index, in 3 of 4 periods in AMFI's figures; +7.62% over the last year against +6.39%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	+0.06%	−3.60%	—
3 months	+1.32%	−5.03%	—
6 months	+3.74%	−1.83%	—
1 year	+7.55%	−4.06%	+11.61 pts
3 years	+8.72%	+9.27%	−0.55 pts
5 years	+7.61%	+8.00%	−0.39 pts
10 years	+7.61%	+12.69%	−5.08 pts
Since start from 21 Jul 2014	+8.24%	—	—

Valarth price history to 14 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026

Ahead of its benchmark (CRISIL Credit Risk Debt B-II Index) in 3 of 4 periods.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	+7.62%	+6.80%	+6.39%	+1.23	🔒
3y	+8.72%	+7.91%	+7.78%	+0.94	🔒
5y	+7.62%	+6.77%	+7.17%	+0.45	🔒
10y	+7.61%	+6.54%	+7.68%	−0.07	🔒

Ahead in points a year · its rank among Credit Risk funds, and how steady the lead is, in the app

Value of 100, month-end

Oct 2016 to 14 Oct 2026

Fund 208Nifty 500 TRI 327

₹100 put in at the start of Oct 2016 would be ₹208 on 14 Oct 2026, against ₹327 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does Axis Credit Risk Fund cost?

0.82% a year on the direct plan, 1.61% on the regular plan; 9 of 13 funds in its category charge less.

Direct plan

0.82% a year

Category median 0.80%

Regular plan

1.61% a year

Category median 1.51%

Gap

0.79 points

for the same holdings

9 of 13 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Income/Debt Oriented Schemes - Credit Risk Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages Axis Credit Risk Fund?

Devang Shah, since 15 Jul 2014; Akhil Thakker, since 15 Jul 2014.

Devang Shah

12.2 years

since 15 Jul 2014

Akhil Thakker

12.2 years

since 15 Jul 2014

Benchmark as filedCRISIL Credit Risk Debt B-II Index

Exit load

If redeemed / switched-out within 1 month from the date of allotment: a) For 10% of investment: Nil. b) For remaining investment: 1%. If redeemed/switched out after 1 month from the date of allotment: Nil.

From 5 Scheme Summary Documents filed with NSE, first on 17 May 2026; as on 5 Oct 2026

What does Axis Credit Risk Fund hold?

48 holdings as of 30 Sep 2026; the ten largest are 36.8% of the fund, the largest Jubilant Bevco Limited (31/05/2028) (ZCB) at 4.5%.

Mix

Holdings as of 30 Sep 2026

Equity92.3%Debt2.5%Cash4.7%Other0.5%

Holdings

43 shares

Top ten

36.8%

of the fund

Effective holdings

33.7

spread, as if equal-weighted

Matched to our table

of the equity

Five largest

% of fund

Jubilant Bevco Limited (31/05/2028) (ZCB)4.46%

JTPM Metal Traders Limited (29/09/2028) (ZCB) **4.28%

8.8% Aditya Birla Digital Fashion Ventures Limited (26/08/2027) **3.95%

8.4% Narayana Hrudayalaya Limited (15/02/2030) **3.95%

6.94% Government of India (11/05/2036)3.90%

Five largest industries

% of fund

CRISIL AA21.8%

ICRA AA13.8%

CRISIL AA-12.9%

ICRA AA+9.20%

CARE AA-9.00%

How does Axis Credit Risk Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro

Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.

Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro

The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is Axis Credit Risk Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro

Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

not an index tracker

Nearest to the Nifty 50: 100% of it differs from the index (an active fund is usually above 60%).

Active share 100.0%60%

Funds that hold much the same

% of holdings in common

Axis Medium Term Fund59.5% the same

37 shared holdings

ADITYA BIRLA SUN LIFE CREDIT RISK FUND24.3% the same

10 shared holdings

ADITYA BIRLA SUN LIFE MEDIUM TERM FUND22.6% the same

10 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro

How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages Axis Credit Risk Fund?

Devang Shah (manager) since 15 Jul 2014; Akhil Thakker (manager) since 15 Jul 2014.

What is the expense ratio of Axis Credit Risk Fund?

0.82% a year on the direct plan and 1.61% on the regular plan (expense report, Oct 2026).

How has Axis Credit Risk Fund done?

Its direct plan returned +8.72% a year over 3 years against +7.78% for its benchmark, CRISIL Credit Risk Debt B-II Index, as of 13 Oct 2026.