Should I invest in Franklin India Credit Risk Fund - Direct?

We don't give personal investment advice. Franklin India Credit Risk Fund - Direct - Growth is suitable for an investor whose:understands what asset class this scheme actually invests in (check the factsheet)matches that asset class's volatility profile to their goal horizonCross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 9.6%. 5-year CAGR: 6.21%.

Franklin India

Franklin India Credit Risk Fund - Direct - Growth

Latest NAV

₹25.5650

As of

11 Jun 2023

2,519 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.14%	+18.47%	-18.33	2 / 16	Q1
1W	+0.43%	+15.49%	-15.06	4 / 19	Q1
2W	+0.55%	+29.32%	-28.77	5 / 17	Q2
1M	+0.88%	+29.50%	-28.62	4 / 17	Q1
3M	+2.84%	+31.41%	-28.57	4 / 17	Q1
6M	+4.87%	+34.09%	-29.22	5 / 17	Q2
YTD	+4.95%	+31.67%	-26.72	5 / 17	Q2
1Y	+7.45%	+32.15%	-24.70	6 / 18	Q2
2Y	+6.00%	+9.01%	-3.01	16 / 17	Q4
3Y	+9.19%	+9.42%	-0.23	5 / 14	Q2
4Y	+5.49%	+8.71%	-3.21	13 / 13	Q4
5Y	+6.21%	+8.37%	-2.16	12 / 13	Q4
7Y	+7.05%	+7.50%	-0.45	10 / 13	Q4
10Y	+7.93%	+7.61%	+0.32	6 / 12	Q2
Inception	+8.11%	+2.17%	+5.94	12 / 18	Q3

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2023 YTD	+4.95%	+1.35%	+3.60	14 / 15
2022	+0.94%	+43.89%	-42.95	15 / 15
2021	+13.90%	-0.51%	+14.42	4 / 16
2020	+0.36%	+2.43%	-2.08	11 / 14
2019	+4.77%	+4.87%	-0.10	8 / 13
2018	+9.10%	+6.20%	+2.90	1 / 13
2017	+9.08%	+8.01%	+1.07	2 / 12
2016	+9.56%	+11.27%	-1.71	12 / 12
2015	+10.15%	+10.15%	+0.00	1 / 1
2014	+12.83%	+12.83%	+0.00	1 / 1
2013	+9.36%	+9.36%	+0.00	1 / 1

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+8.17%

116 windows

min -6.0% · max 18.4%

91% positive

3-Year rolling

+7.77%

91 windows

min 2.8% · max 11.6%

100% positive

5-Year rolling

+7.71%

67 windows

min 5.5% · max 10.4%

100% positive

7-Year rolling

+7.65%

43 windows

min 6.7% · max 9.3%

100% positive

Limited basis — fund is young, so this average may be skewed by which 7Y windows happen to be available.

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

4.35%

3-year · annualised

Sharpe ratio

0.56

vs risk-free 6.5%

Sortino ratio

1.07

Downside-only deviation

Max drawdown

-2.87%

Feb 2022 → May 2022

% positive months

80.6%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Credit Risk Fund

Scheme	Fund house	NAV	As of
HDFC Credit Risk Debt Fund - Growth Option - Direct Plan	HDFC	₹27.5375	3 Jun 2026
Nippon India Credit Risk Fund - Direct Plan - Growth Plan	Nippon India	₹41.2014	3 Jun 2026
SBI CREDIT RISK FUND - DIRECT PLAN -GROWTH	SBI	₹52.3817	3 Jun 2026
ICICI Prudential Credit Risk Fund - Direct Plan - Growth	ICICI Prudential	₹37.5622	3 Jun 2026
Invesco India Credit Risk Fund - Direct Plan - Growth	Invesco	₹2,293.2545	3 Jun 2026
BANDHAN Credit Risk Fund-Direct Plan-Growth	Bandhan	₹18.6046	3 Jun 2026
Aditya Birla Sun Life Credit Risk Fund - Direct Plan - Growth	Aditya Birla Sun Life	₹27.2820	3 Jun 2026
Franklin India Credit Risk Fund - Segregated Portfolio 3 (9.50% Yes bank Ltd CO 23Dec21) - Direct Growth Plan	Franklin India	₹0.0000	3 Jun 2026
Kotak Credit Risk Fund - Growth - Direct	Kotak	₹35.2782	3 Jun 2026
DSP Credit Risk Fund - Direct Plan - Growth	DSP	₹59.3955	3 Jun 2026

Recent NAVs

Date	NAV
11 Jun 2023	₹25.5650
9 Jun 2023	₹25.5286
8 Jun 2023	₹25.4699
7 Jun 2023	₹25.4668
6 Jun 2023	₹25.4621
5 Jun 2023	₹25.4553
2 Jun 2023	₹25.4430
1 Jun 2023	₹25.4418
31 May 2023	₹25.4333
30 May 2023	₹25.4279

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 11 Jun 2023, the NAV of Franklin India Credit Risk Fund - Direct - Growth is ₹25.5650. It's a Credit Risk Fund from Franklin India, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Franklin India Credit Risk Fund - Direct - Growth has NAV history starting from 01 Jan 2013, a track record of about 13 years 5 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Franklin India Credit Risk Fund - Direct - Growth is managed by Franklin India. It's classified by AMFI under the 'Credit Risk Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Franklin India Credit Risk Fund - Direct - Growth has delivered a absolute return of 7.45% — -24.7 pp behind the Credit Risk Fund category average of 32.15%. The fund ranks #6 of 18 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Franklin India Credit Risk Fund - Direct - Growth has delivered a CAGR of 9.19% — -0.23 pp behind the Credit Risk Fund category average of 9.42%. The fund ranks #5 of 14 in its category — the second (Q2) quartile.

Over the trailing 5-year window, Franklin India Credit Risk Fund - Direct - Growth has delivered a CAGR of 6.21% — -2.16 pp behind the Credit Risk Fund category average of 8.37%. The fund ranks #12 of 13 in its category — the bottom (Q4) quartile.

₹1 lakh invested in Franklin India Credit Risk Fund - Direct - Growth exactly 10 years ago would be worth approximately ₹214,559 today — a multiplier of 2.15×, based on the 10-year CAGR of 7.93%. The category average over the same window would have grown ₹1 lakh to ₹208,307.

A ₹10,000 monthly SIP in Franklin India Credit Risk Fund - Direct - Growth over the last 5 years — total invested ₹600,000 — would be worth ₹708,961 today. That's an XIRR (money-weighted annualised return) of 6.61%.

A ₹10,000 monthly SIP for 10 years in Franklin India Credit Risk Fund - Direct - Growth = ₹1,200,000 invested. It would currently be worth ₹1,734,428 (multiplier 1.45×). XIRR: 7.15%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, Franklin India Credit Risk Fund - Direct - Growth ranks #12 out of 13 funds in the Credit Risk Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 8.37%; this fund delivered 6.21%.

The worst peak-to-trough decline Franklin India Credit Risk Fund - Direct - Growth has experienced over the last 5-year window is 9.55% — its NAV fell from a high on 13 Jan 2020 to a low on 30 Apr 2020. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Franklin India Credit Risk Fund - Direct - Growth averaged 7.71% (best 10.36%, worst 5.50%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -0.08 — negative risk-adjusted performance.

In calendar year 2022, Franklin India Credit Risk Fund - Direct - Growth returned 0.94% — lagging the Credit Risk Fund category average of 43.89% by 42.95 pp. It ranked #15 of 15 in its category that year.

Franklin India Credit Risk Fund - Direct - Growth doesn't fit cleanly into the standard Equity/Debt buckets in our taxonomy. Tax treatment depends on actual asset allocation as disclosed by the AMC — check the factsheet or AMFI's classification table.

We don't give personal investment advice. Franklin India Credit Risk Fund - Direct - Growth is suitable for an investor whose:

understands what asset class this scheme actually invests in (check the factsheet)
matches that asset class's volatility profile to their goal horizon

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 9.6%. 5-year CAGR: 6.21%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.

Franklin India Credit Risk Fund - Direct - Growth

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Credit Risk Fund

Recent NAVs

Frequently asked questions

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