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HDFC Retirement Fund - Equity Plan

Retirement SolutionsVery HighOPEN-ENDED
Invest Now
NAV as on 25 Sep 2026
₹47.31+0.29%1 day
Return since launch
15.8%
52-week range
₹44.72 — ₹52.22
AUM
₹6,998 Cr

HDFC Retirement Fund - Equity Plan is a Retirement Solutions equity fund from HDFC Mutual Fund with ₹6,998 Cr under management, launched in 2016. Over three years it has returned 0.2% a year, against 11.6% for its category. The expense ratio is 1.88% and the SEBI riskometer reading is Very High.

Performance

Returns

How the fund has done against its category and its benchmark.

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y-7.7%−11.4 pts3.6%2.5%
2Y-3.8%−6.3 pts2.5%3.2%
3Y0.2%−11.4 pts11.6%4.9%
5Y8.1%−2.7 pts10.8%9.8%
7Y13.5%+3.9 pts9.6%12.3%
10Y13.7%+1.8 pts11.8%11.8%

Fund against category

1Y
Fund-7.7%
Category3.6%
3Y
Fund0.2%
Category11.6%
5Y
Fund8.1%
Category10.8%

Since launch (5 Feb 2016): 15.8%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
20255.2%−1.6 pts6.8%
202417.8%−2.0 pts19.8%
202332.6%+1.1 pts31.5%
20228.6%+4.4 pts4.1%
202142.5%+9.2 pts33.3%
202018.3%+4.8 pts13.5%

Returns over one year are annualised. Shorter periods are absolute.

Costs & terms

Costs and terms

What the fund charges each year, and the rules around putting money in and taking it out.

Costs

1.88%

Expense ratio as on 24 Sep 2026

Charged yearly and already deducted from the NAV.

Base expense
1.55%
Brokerage
0.01%
Transaction charges
0.00%
Statutory levies
0.32%
Exit load
Exit load of 1% if units are redeemed before completion of 60 years of age.
Lock-in
5 years

Terms

Min SIP
₹3,000
Min lumpsum
₹5,000
Plan
GROWTH
Fund type
OPEN-ENDED
Benchmark
NIFTY 500 TRI
Short-term capital gains
Returns taxed at 20% if you redeem before 1 year
Long-term capital gains
After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Risk

Risk

What the riskometer means for this fund, and how its ratios sit against the category.

Very High

Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.

Risk ratios
RatioFundCategory avgRead as
Alpha-1.672.55Return earned above what the benchmark alone would have given. Higher is better.
Beta0.860.97How hard the fund moves when the market moves. Under 1 is steadier than the market.
Sharpe0.320.60Return earned for each unit of total risk taken. Higher is better.
Sortino0.400.80Return earned for each unit of downside risk. Higher is better.
Std. deviation13.2115.35How widely monthly returns have varied around their own average. Lower is steadier.
Average of 5 category peers

Portfolio

HDFC Retirement Fund - Equity Plan portfolio

Portfolio as of 31 Aug 2026

Asset allocation

  • Equity94.5%
  • Other5.5%

Market cap split

  • Large67.9%
  • Mid10.8%
  • Small21.4%
P/E
21.20
P/B
2.93

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
ICICI Bank Ltd.Financial7.69%₹538 Cr+6.79%+6.31%+6.79%
HDFC Bank Ltd.Financial6.59%₹461 Cr+6.88%+7.62%+8.67%
OthersOthers4.91%₹345 Cr+0.06%-0.70%-0.24%
Reliance Industries Ltd.Energy4.74%₹332 Cr+4.96%+3.99%+4.12%
Axis Bank Ltd.Financial4.46%₹312 Cr+4.64%+4.75%+3.81%
Kotak Mahindra Bank Ltd.Financial4.20%₹294 Cr+4.04%+3.39%+2.53%
Maruti Suzuki India Ltd.Automobile3.07%₹215 Cr+3.12%+3.19%+3.37%
State Bank of IndiaFinancial3.03%₹212 Cr+2.90%+3.44%+2.44%
Bharti Airtel Ltd.Communication2.59%₹181 Cr+2.75%+2.69%+3.16%
Infosys Ltd.Technology2.43%₹170 Cr+2.79%+2.98%+2.68%

Sectors

  • Financial28.8%
  • Services10.8%
  • Energy9.2%
  • Automobile8.1%
  • Healthcare7.4%
  • Technology7.2%
  • Others4.9%
  • Capital Goods4.3%

Instruments

  • Repo4.9%
  • Mutual Fund0.9%
  • Real Estate Investment Trusts0.6%

Recent changes

HoldingFromToWeight
company:171040.00%0.60%+0.60%
HDFC Bank Ltd.6.93%6.59%-0.34%
Kotak Mahindra Bank Ltd.3.90%4.20%+0.30%
Axis Bank Ltd.4.21%4.46%+0.25%
Bharti Airtel Ltd.2.81%2.59%-0.22%
CreditAccess Grameen Ltd.1.25%1.07%-0.18%
Divi's Laboratories Ltd.0.92%1.08%+0.16%
Infosys Ltd.2.58%2.43%-0.15%
Maruti Suzuki India Ltd.3.21%3.07%-0.14%
Others0.13%-0.01%-0.14%
PNC Infratech Ltd.0.35%0.21%-0.14%
Power Grid Corporation Of India Ltd.1.82%1.69%-0.13%
Godrej Consumer Products Ltd.0.84%0.71%-0.13%
The Great Eastern Shipping Company Ltd.0.39%0.26%-0.13%
ICICI Bank Ltd.7.57%7.69%+0.12%
ITC Ltd.1.32%1.20%-0.12%
Eternal Ltd.1.29%1.41%+0.12%
Reliance Industries Ltd.4.85%4.74%-0.11%
Greenply Industries Ltd.0.51%0.41%-0.10%
Gland Pharma Ltd.0.62%0.72%+0.10%
State Bank of India2.93%3.03%+0.10%
Alkem Laboratories Ltd.1.31%1.22%-0.09%
Chalet Hotels Ltd.0.69%0.78%+0.09%
Crisil Ltd.0.81%0.90%+0.09%
Jindal Steel Ltd.1.10%1.19%+0.09%
The Anup Engineering Ltd.0.49%0.41%-0.08%
Symphony Ltd.0.31%0.23%-0.08%
Lupin Ltd.0.77%0.70%-0.07%
Max Financial Services Ltd.1.28%1.35%+0.07%
NTPC Ltd.1.24%1.17%-0.07%
VRL Logistics Ltd.0.42%0.49%+0.07%
Balkrishna Industries Ltd.0.88%0.81%-0.07%
Voltamp Transformers Ltd.0.85%0.78%-0.07%
Delhivery Ltd.1.10%1.04%-0.06%
Kalpataru Projects International Ltd.0.74%0.80%+0.06%
Larsen & Toubro Ltd.2.25%2.31%+0.06%
Transport Corporation Of India Ltd.0.90%0.84%-0.06%
Redington Ltd.0.83%0.77%-0.06%
Bajaj Auto Ltd.0.99%1.04%+0.05%
ICICI Lombard General Insurance Company Ltd.1.62%1.57%-0.05%
JSW Dulux Ltd.0.63%0.68%+0.05%
Hindustan Petroleum Corporation Ltd.0.94%0.89%-0.05%
PVR Inox Ltd.0.81%0.86%+0.05%
Zensar Technologies Ltd.0.58%0.53%-0.05%
Blue Dart Express Ltd.0.74%0.70%-0.04%
Dr. Lal Pathlabs Ltd.1.90%1.94%+0.04%
Gujarat Energy Ltd.0.45%0.41%-0.04%
HCL Technologies Ltd.1.92%1.88%-0.04%
Tata Consultancy Services Ltd.2.36%2.40%+0.04%
SKF India (Industrial) Ltd.0.44%0.48%+0.04%
Gateway Distriparks Ltd.0.58%0.54%-0.04%
Bajaj Electricals Ltd.0.33%0.30%-0.03%
Chambal Fertilisers and Chemicals Ltd.0.53%0.50%-0.03%
Cipla Ltd.0.79%0.76%-0.03%
Interglobe Aviation Ltd.1.84%1.87%+0.03%
Star Health and Allied Insurance Company Ltd.0.64%0.61%-0.03%
The Ramco Cements Ltd.0.72%0.69%-0.03%
Tata Steel Ltd.0.95%0.92%-0.03%
Eicher Motors Ltd.1.68%1.70%+0.02%
Havells India Ltd.1.26%1.24%-0.02%
Tamil Nadu Newsprint & Papers Ltd.0.34%0.32%-0.02%
United Spirits Ltd.1.08%1.06%-0.02%
Hyundai Motor India Ltd.0.93%0.95%+0.02%
Apollo Hospitals Enterprise Ltd.0.96%0.95%-0.01%
Equitas Small Finance Bank Ltd.0.43%0.42%-0.01%
Finolex Industries Ltd.0.42%0.41%-0.01%
HDFC Life Insurance Co Ltd.1.17%1.16%-0.01%
HDFC Nifty 50 ETF-IDCW0.95%0.94%-0.01%
Prestige Estates Projects Ltd.0.69%0.70%+0.01%
Timken India Ltd.0.54%0.55%+0.01%
Embassy Office Parks REIT0.57%0.57%0.00%
GNA Axles Ltd.0.52%0.52%0.00%
GSPL Transmission Ltd.0.08%0.08%0.00%

Compare

Similar funds

The rest of the category, so this fund’s numbers have something to sit against.

FundAUMExpense1Y3Y5Y
Category average₹1,649 Cr2.38%5.0%7.6%12.4%
Nippon India Retirement Fund - Wealth Creation Scheme₹3,127 Cr2.22%-3.2%2.3%9.0%
Tata Retirement Savings Progressive Plan₹2,255 Cr2.20%6.6%6.2%10.4%
ICICI Prudential Retirement Fund - Pure Equity Plan₹2,158 Cr2.14%4.5%10.8%16.5%
Aditya Birla Sun Life Retirement Fund - The 30s Plan₹487 Cr2.64%14.6%12.1%13.5%
Union Retirement Fund₹216 Cr2.69%2.6%6.3%—

About

About this fund

The scheme’s own words, its benchmark and the people running it.

Investment objective

The Scheme seeks to provide long-term capital appreciation / income by investing in a mix of equity and debt instruments to help investors meet their retirement goals.

Fund managers

  • Amar KalkundrikarMr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School.Prior to joining HDFC Asset Management Company Limited, he has worked with Nippon India Mutual Fund, and HDFC AMC. He worked with multiple roles at HDFC MF.
  • Anupam JoshiMr. Joshi is a PGDM in Business Management.Prior to joining HDFC Mutual Fund he has worked with IDFC AMC, Principal Asset Management Company and ICAP India Pvt. Ltd.
  • Arun AgarwalMr. Agarwal is a B.Com. and Chartered AccountantPrior to joining HDFC Asset Management Company Limited, he has worked with SBI Funds Management Pvt. Ltd., ICICI Bank Limited, UTI Asset Management Pvt. Ltd.
  • Chirag SetalvadMr. Setalvad is a B. Sc and MBA from University of North Carolina.Prior to joining HDFC AMC he has worked with New Vernon Advisory Services Ltd., HDFC AMC and ING Barings N.V.
  • Nandita MenezesCA (ICAI, INDIA), B.Com (University of Mumbai)Prior to joining HDFC AMC, she was associated with S.V. Ghatalia & Associates LLP.
Scheme information document

Tools

Return calculator

What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.

₹
Over the pastTotal investmentWould’ve becomeGrowthReturns
6 months3.55% absolute₹60,000₹62,1303.55%
1 year−5.50% annualised₹1,20,000₹1,16,484−2.93%
3 years7.96% annualised₹3,60,000₹4,07,79813.28%
5 years10.38% annualised₹6,00,000₹7,88,96331.49%

Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.

How this is calculated

Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.

The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.

Questions

Frequently asked questions

The things people ask about this scheme.

What is the NAV of HDFC Retirement Fund - Equity Plan?
The NAV of HDFC Retirement Fund - Equity Plan is ₹47.31 as on 25 Sep 2026.
What is the expense ratio of HDFC Retirement Fund - Equity Plan?
The expense ratio of HDFC Retirement Fund - Equity Plan is 1.88% per year.
What is the minimum SIP amount for HDFC Retirement Fund - Equity Plan?
You can start a SIP in HDFC Retirement Fund - Equity Plan with ₹3,000 a month.
What returns has HDFC Retirement Fund - Equity Plan given?
HDFC Retirement Fund - Equity Plan has returned -7.7% over 1 year, 0.2% over 3 years and 8.1% over 5 years (annualised).
Is there a lock-in or exit load on HDFC Retirement Fund - Equity Plan?
Lock-in: 5 years. Exit load: Exit load of 1% if units are redeemed before completion of 60 years of age..
How risky is HDFC Retirement Fund - Equity Plan?
HDFC Retirement Fund - Equity Plan is rated Very High on the SEBI riskometer and belongs to the Retirement Solutions category.
Which fund house manages HDFC Retirement Fund - Equity Plan?
HDFC Retirement Fund - Equity Plan is managed by HDFC Mutual Fund, which runs 85 schemes with ₹9,61,940 Cr under management.