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

We don't give personal investment advice. Franklin India Credit Risk Fund - Direct - IDCW 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: 13.2%. 5-year CAGR: 3.49%.

Franklin India

Franklin India Credit Risk Fund - Direct - IDCW

Latest NAV

₹14.0105

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.

Period

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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%	+13.44%	-13.30	3 / 44	Q1
1W	+0.43%	+26.93%	-26.50	13 / 51	Q2
2W	+0.55%	+44.08%	-43.53	15 / 45	Q2
1M	+0.88%	+44.33%	-43.45	11 / 45	Q1
3M	+2.84%	+45.80%	-42.96	10 / 45	Q1
6M	+4.87%	+47.80%	-42.93	11 / 45	Q1
YTD	+4.95%	+45.06%	-40.11	11 / 45	Q1
1Y	+7.45%	+37.65%	-30.20	11 / 50	Q1
2Y	+6.00%	+0.08%	+5.92	23 / 49	Q2
3Y	+9.19%	+4.19%	+5.00	4 / 37	Q1
4Y	+4.03%	+4.28%	-0.26	16 / 33	Q2
5Y	+3.49%	+4.97%	-1.49	17 / 33	Q3
7Y	+2.85%	+3.15%	-0.30	11 / 33	Q2
10Y	+2.69%	+2.93%	-0.24	9 / 26	Q2
Inception	+2.71%	-10.07%	+12.77	21 / 54	Q2

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%	+1.03%	+3.93	15 / 33
2022	+0.94%	+58.89%	-57.96	25 / 39
2021	+13.90%	-8.73%	+22.63	8 / 44
2020	+0.36%	-3.99%	+4.35	23 / 39
2019	-2.74%	-0.88%	-1.86	25 / 35
2018	+1.29%	+0.62%	+0.67	12 / 34
2017	+1.25%	+1.91%	-0.66	12 / 29
2016	+1.46%	+4.63%	-3.17	20 / 28
2015	+1.82%	+0.67%	+1.15	1 / 2
2014	+3.41%	+1.94%	+1.47	1 / 2
2013	+1.98%	+1.98%	+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

+2.52%

116 windows

min -11.1% · max 18.4%

78% positive

3-Year rolling

+1.79%

91 windows

min -3.4% · max 9.4%

84% positive

5-Year rolling

+1.43%

67 windows

min -1.4% · max 3.5%

84% positive

7-Year rolling

+1.52%

43 windows

min -0.2% · max 2.9%

95% 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 - IDCW Option - Direct Plan	HDFC	₹24.1395	3 Jun 2026
NIPPON INDIA CREDIT RISK FUND - SEGREGATED PORTFOLIO 2 - DIRECT Plan - IDCW Option	Nippon India	₹0.0000	3 Jun 2026
SBI Credit Risk Fund - Direct Plan - Daily Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹16.6214	3 Jun 2026
ICICI Prudential Credit Risk Fund - Direct Plan - Quarterly IDCW	ICICI Prudential	₹11.9696	3 Jun 2026
Invesco India Credit Risk Fund - Direct Plan - Discretionary IDCW (Payout / Reinvestment)	Invesco	₹2,310.3743	3 Jun 2026
BANDHAN Credit Risk Fund-Direct Plan-Annual IDCW	Bandhan	₹10.3422	3 Jun 2026
Aditya Birla Sun Life Credit Risk Fund - Direct - IDCW	Aditya Birla Sun Life	₹14.2712	3 Jun 2026
Franklin India Credit Risk Fund-Segregated Portfolio 3 (9.50% Yes Bank Ltd CO 23Dec21) - Direct IDCW	Franklin India	₹0.0000	3 Jun 2026
Kotak Credit Risk Fund - Direct Plan - Standard Income Distribution cum capital withdrawal option	Kotak	₹26.4973	3 Jun 2026
DSP Credit Risk Fund - Direct Plan - IDCW - Monthly	DSP	₹11.2097	3 Jun 2026

Recent NAVs

Date	NAV
11 Jun 2023	₹14.0105
9 Jun 2023	₹13.9906
8 Jun 2023	₹13.9584
7 Jun 2023	₹13.9567
6 Jun 2023	₹13.9541
5 Jun 2023	₹13.9504
2 Jun 2023	₹13.9436
1 Jun 2023	₹13.9430
31 May 2023	₹13.9383
30 May 2023	₹13.9354

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 - IDCW is ₹14.0105. It's a Credit Risk Fund from Franklin India, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Franklin India Credit Risk Fund - Direct - IDCW 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 - IDCW 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 - IDCW has delivered a absolute return of 7.45% — -30.2 pp behind the Credit Risk Fund category average of 37.65%. The fund ranks #11 of 50 in its category — the top (Q1) quartile.

Over the trailing 3-year window, Franklin India Credit Risk Fund - Direct - IDCW has delivered a CAGR of 9.19% — +5 pp ahead of the Credit Risk Fund category average of 4.19%. The fund ranks #4 of 37 in its category — the top (Q1) quartile.

Over the trailing 5-year window, Franklin India Credit Risk Fund - Direct - IDCW has delivered a CAGR of 3.49% — -1.49 pp behind the Credit Risk Fund category average of 4.97%. The fund ranks #17 of 33 in its category — the third (Q3) quartile.

₹1 lakh invested in Franklin India Credit Risk Fund - Direct - IDCW exactly 10 years ago would be worth approximately ₹130,453 today — a multiplier of 1.30×, based on the 10-year CAGR of 2.69%. The category average over the same window would have grown ₹1 lakh to ₹133,503.

A ₹10,000 monthly SIP in Franklin India Credit Risk Fund - Direct - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹692,884 today. That's an XIRR (money-weighted annualised return) of 5.69%.

A ₹10,000 monthly SIP for 10 years in Franklin India Credit Risk Fund - Direct - IDCW = ₹1,200,000 invested. It would currently be worth ₹1,431,089 (multiplier 1.19×). XIRR: 3.45%. 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 - IDCW ranks #17 out of 33 funds in the Credit Risk Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 4.97%; this fund delivered 3.49%.

The worst peak-to-trough decline Franklin India Credit Risk Fund - Direct - IDCW has experienced over the last 5-year window is 13.19% — its NAV fell from a high on 22 Mar 2019 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 - IDCW averaged 1.43% (best 3.49%, worst -1.36%). 84% of rolling windows ended positive. The 5-year Sharpe ratio is -0.60 — negative risk-adjusted performance.

In calendar year 2022, Franklin India Credit Risk Fund - Direct - IDCW returned 0.94% — lagging the Credit Risk Fund category average of 58.89% by 57.96 pp. It ranked #25 of 39 in its category that year.

Franklin India Credit Risk Fund - Direct - IDCW 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 - IDCW 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: 13.2%. 5-year CAGR: 3.49%.

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