BOI AXA to Nippon India: Credit risk funds shine with 17.4% returns

Despite most debt fund categories witnessing dismal returns in the past year, credit risk funds continued to shine. They generated average returns of 17.4 per cent — the highest among debt fund categories.

The past few months have seen several debt fund categories delivering subdued returns because of the spike in bond yields. The data from Value Research shows that credit funds have given average returns of 10.11 per cent in the past three months, while several other debt funds have given returns of under 1 per cent (one-year gilt funds performed the worst with just 0.21 per cent return, on