Credit risk mutual fund schemes have given 9% average returns in one year: Should you invest?

Credit risk funds are currently sitting on top of the performance chart of debt funds. Yes, the same ill-behaved bunch that was floundering at the bottom of the chart a year ago. These have clocked a healthy 9% average returns over past one year in sharp contrast to the miserable –3.7% yielded back then. Does this stellar show mark a turnaround in the much-derided category? The travails of credit risk funds in recent years are well known. A