HDFC Retirement Fund - Hybrid Debt Plan
Retirement SolutionsModerately HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹21.56+0.13%1 day
- Return since launch
- 7.5%
- 52-week range
- ₹21.09 — ₹22.00
- AUM
- ₹146 Cr
HDFC Retirement Fund - Hybrid Debt Plan is a Retirement Solutions hybrid fund from HDFC Mutual Fund with ₹146 Cr under management, launched in 2016. Over three years it has returned 2.6% a year, against 8.0% for its category. The expense ratio is 2.33% and the SEBI riskometer reading is Moderately High.
Performance
HDFC Retirement Fund - Hybrid Debt Plan NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -0.1% against +0.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -1.5% | −3.0 pts | 1.5% | -0.8% |
| 2Y | 0.7% | −1.8 pts | 2.5% | 1.5% |
| 3Y | 2.6% | −5.4 pts | 8.0% | 3.9% |
| 5Y | 5.0% | −1.9 pts | 7.0% | 7.0% |
| 7Y | 6.0% | −3.6 pts | 9.6% | 8.0% |
| 10Y | 6.4% | −1.7 pts | 8.1% | 8.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -1.2% | +1.2 pts | -2.4% | -2.2% |
| 3M | -1.0% | −0.5 pts | -0.5% | -1.0% |
| 6M | 1.6% | −4.1 pts | 5.7% | 5.5% |
| 1Y | -0.1% | −1.6 pts | 1.5% | 0.2% |
| 2Y | 0.9% | +0.6 pts | 0.3% | 0.7% |
| 3Y | 5.5% | −2.6 pts | 8.0% | 8.0% |
| 5Y | 5.7% | −1.2 pts | 7.0% | 6.9% |
| 7Y | 7.0% | −3.1 pts | 10.1% | 8.8% |
| 10Y | 6.8% | −1.3 pts | 8.1% | 8.1% |
Since launch (5 Feb 2016): 7.5%
Calendar-year returns
Category average10.4%
8.7%
3.7%
11.2%
9.8%
5.2%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 5.2% | −1.3 pts | 6.5% |
| 2024 | 9.8% | −5.0 pts | 14.8% |
| 2023 | 11.2% | −7.4 pts | 18.6% |
| 2022 | 3.7% | +1.3 pts | 2.4% |
| 2021 | 8.7% | −6.3 pts | 15.0% |
| 2020 | 10.4% | −4.1 pts | 14.5% |
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
2.33%
Expense ratio as on 16 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.85%
- Brokerage
- 0.02%
- Transaction charges
- 0.02%
- Statutory levies
- 0.44%
- 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 50 Hybrid Composite Debt 15:85 Conservative
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderately High
Your principal is treated as being at moderately high risk — typically balanced hybrid and index-led equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.04 | 0.56 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.05 | 0.72 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 4.32 | 12.81 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HDFC Retirement Fund - Hybrid Debt Plan portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity23.4%
- Debt45.9%
- Other30.7%
Market cap split
- Large77.3%
- Mid7.2%
- Small15.5%
- P/E
- 21.59
- P/B
- 2.89
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 30.69% | ₹44.91 Cr | +50.34% | +49.77% | +49.07% |
| GOI | Sovereign | 7.63% | ₹11.17 Cr | +6.82% | +6.58% | +7.64% |
| Mahindra Rural Housing Finance Ltd. | Financial | 6.90% | ₹10.10 Cr | +6.70% | +6.45% | +6.42% |
| Indian Railway Finance Corporation Ltd. | Financial | 3.48% | ₹5.10 Cr | +3.37% | +3.23% | +3.27% |
| ICICI Bank Ltd. | Financial | 2.48% | ₹3.62 Cr | -10.16% | +4.30% | +5.26% |
| HDFC Bank Ltd. | Financial | 2.12% | ₹3.11 Cr | +2.17% | +2.42% | +2.61% |
| State Bank of India | Financial | 1.41% | ₹2.07 Cr | +1.25% | +1.46% | +0.98% |
| Axis Bank Ltd. | Financial | 1.15% | ₹1.69 Cr | +1.11% | +1.12% | +0.85% |
| Bharti Airtel Ltd. | Communication | 0.99% | ₹1.45 Cr | +0.97% | +0.94% | +0.95% |
| Reliance Industries Ltd. | Energy | 0.96% | ₹1.40 Cr | -9.63% | -9.53% | -9.32% |
| Maruti Suzuki India Ltd. | Automobile | 0.93% | ₹1.35 Cr | +0.87% | +0.93% | +0.93% |
| Tata Consultancy Services Ltd. | Technology | 0.82% | ₹1.20 Cr | +0.75% | -5.07% | -5.98% |
| Larsen & Toubro Ltd. | Construction | 0.81% | ₹1.19 Cr | -13.77% | -13.50% | -11.43% |
| Infosys Ltd. | Technology | 0.77% | ₹1.13 Cr | +0.77% | +0.81% | +0.83% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 0.64% | ₹0.94 Cr | +0.71% | +0.71% | +0.69% |
| City Union Bank Ltd. | Financial | 0.63% | ₹0.92 Cr | +0.51% | +0.53% | +0.37% |
| SBI Life Insurance Company Ltd. | Insurance | 0.59% | ₹0.87 Cr | +0.61% | +0.64% | +0.57% |
| Transport Corporation Of India Ltd. | Services | 0.59% | ₹0.87 Cr | +0.61% | +0.63% | +0.71% |
| Power Grid Corporation Of India Ltd. | Energy | 0.54% | ₹0.79 Cr | +0.58% | +0.56% | +0.43% |
| Dr. Lal Pathlabs Ltd. | Healthcare | 0.53% | ₹0.77 Cr | +0.43% | +0.35% | +0.41% |
| company:19582 | Services | 0.45% | ₹0.66 Cr | — | — | — |
| Lupin Ltd. | Healthcare | 0.45% | ₹0.66 Cr | +0.45% | +0.50% | +0.42% |
| ITC Ltd. | Consumer Staples | 0.44% | ₹0.64 Cr | +0.48% | +0.49% | +0.77% |
| company:2165 | Automobile | 0.43% | ₹0.62 Cr | — | +0.41% | +0.40% |
| Vesuvius India Ltd. | Capital Goods | 0.42% | ₹0.61 Cr | +0.47% | +0.47% | +0.47% |
| company:5223 | Automobile | 0.41% | ₹0.60 Cr | — | — | — |
| PVR Inox Ltd. | Services | 0.41% | ₹0.60 Cr | +0.32% | +0.32% | +0.14% |
| company:17353 | Services | 0.41% | ₹0.60 Cr | — | — | — |
| United Spirits Ltd. | Consumer Staples | 0.41% | ₹0.60 Cr | +0.17% | +0.17% | +0.16% |
| Balkrishna Industries Ltd. | Automobile | 0.39% | ₹0.57 Cr | +0.37% | +0.37% | — |
| Alkem Laboratories Ltd. | Healthcare | 0.36% | ₹0.53 Cr | +0.37% | +0.35% | — |
| Gujarat Pipavav Port Ltd. | Services | 0.34% | ₹0.50 Cr | +0.31% | +0.33% | +0.28% |
| Zensar Technologies Ltd. | Technology | 0.31% | ₹0.46 Cr | +0.33% | +0.35% | — |
| Bayer CropScience Ltd. | Chemicals | 0.30% | ₹0.44 Cr | +0.33% | +0.32% | +0.36% |
| Voltamp Transformers Ltd. | Capital Goods | 0.30% | ₹0.44 Cr | +0.25% | +0.23% | +0.20% |
| Kalpataru Projects International Ltd. | Capital Goods | 0.29% | ₹0.42 Cr | +0.26% | +0.39% | +0.39% |
| Alembic Pharmaceuticals Ltd. | Healthcare | 0.29% | ₹0.42 Cr | +0.24% | +0.22% | +0.29% |
| Huhtamaki India Ltd. | Materials | 0.27% | ₹0.39 Cr | +0.16% | +0.17% | — |
| TCPL Packaging Ltd. | Consumer Staples | 0.27% | ₹0.39 Cr | +0.17% | — | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.25% | ₹0.37 Cr | +0.26% | +0.27% | +0.24% |
| SKF India Ltd. | Capital Goods | 0.21% | ₹0.31 Cr | +0.22% | +0.22% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 17.35% | 17.81% | +0.46% |
| company:19582 | 0.00% | 0.45% | +0.45% |
| company:2165 | 0.00% | 0.43% | +0.43% |
| company:5223 | 0.00% | 0.41% | +0.41% |
| company:17353 | 0.00% | 0.41% | +0.41% |
| Gujarat Energy Ltd. | 0.28% | 0.00% | -0.28% |
| Larsen & Toubro Ltd. | -6.72% | -6.98% | -0.26% |
| The Ramco Cements Ltd. | 0.25% | 0.00% | -0.25% |
| Gateway Distriparks Ltd. | 0.23% | 0.00% | -0.23% |
| Symphony Ltd. | 0.23% | 0.00% | -0.23% |
| Goodyear India Ltd. | 0.22% | 0.00% | -0.22% |
| United Spirits Ltd. | 0.20% | 0.41% | +0.20% |
| ICICI Bank Ltd. | -5.81% | -5.99% | -0.18% |
| HDFC Bank Ltd. | 2.21% | 2.12% | -0.09% |
| Axis Bank Ltd. | 1.08% | 1.15% | +0.08% |
| Bharti Airtel Ltd. | 1.06% | 0.99% | -0.07% |
| Popular Vehicles And Services Ltd. | 0.07% | 0.00% | -0.07% |
| City Union Bank Ltd. | 0.56% | 0.63% | +0.07% |
| State Bank of India | 1.35% | 1.41% | +0.06% |
| TCPL Packaging Ltd. | 0.21% | 0.27% | +0.05% |
| Mahindra Rural Housing Finance Ltd. | 6.85% | 6.90% | +0.05% |
| Lupin Ltd. | 0.49% | 0.45% | -0.04% |
| SBI Life Insurance Company Ltd. | 0.63% | 0.59% | -0.04% |
| Gujarat Pipavav Port Ltd. | 0.30% | 0.34% | +0.04% |
| ITC Ltd. | 0.47% | 0.44% | -0.04% |
| Power Grid Corporation Of India Ltd. | 0.58% | 0.54% | -0.03% |
| Transport Corporation Of India Ltd. | 0.63% | 0.59% | -0.03% |
| Maruti Suzuki India Ltd. | 0.96% | 0.93% | -0.03% |
| Huhtamaki India Ltd. | 0.30% | 0.27% | -0.03% |
| PVR Inox Ltd. | 0.38% | 0.41% | +0.03% |
| Vesuvius India Ltd. | 0.45% | 0.42% | -0.03% |
| Voltamp Transformers Ltd. | 0.27% | 0.30% | +0.03% |
| Zensar Technologies Ltd. | 0.34% | 0.31% | -0.03% |
| Balkrishna Industries Ltd. | 0.42% | 0.39% | -0.03% |
| Kalpataru Projects International Ltd. | 0.26% | 0.29% | +0.03% |
| Reliance Industries Ltd. | -4.82% | -4.85% | -0.03% |
| GOI | 3.52% | 3.54% | +0.02% |
| Alkem Laboratories Ltd. | 0.39% | 0.36% | -0.02% |
| Indian Railway Finance Corporation Ltd. | 3.46% | 3.48% | +0.02% |
| Tata Consultancy Services Ltd. | 0.80% | 0.82% | +0.02% |
| Alembic Pharmaceuticals Ltd. | 0.27% | 0.29% | +0.02% |
| Bayer CropScience Ltd. | 0.31% | 0.30% | -0.02% |
| ICICI Lombard General Insurance Company Ltd. | 0.66% | 0.64% | -0.01% |
| Dr. Lal Pathlabs Ltd. | 0.51% | 0.53% | +0.01% |
| Hindustan Petroleum Corporation Ltd. | 0.26% | 0.25% | -0.01% |
| SKF India Ltd. | 0.20% | 0.21% | +0.01% |
| Infosys Ltd. | 0.76% | 0.77% | +0.01% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹936 Cr | 2.43% | 1.5% | 5.6% | 9.5% |
 Tata Retirement Savings Moderate Fund | ₹2,251 Cr | 2.17% | 5.8% | 6.5% | 10.0% |
 ICICI Prudential Retirement Fund - Hybrid Aggressive Plan | ₹1,320 Cr | 2.48% | 4.5% | 9.8% | 14.3% |
 Axis Retirement Fund - Aggressive Plan | ₹706 Cr | 2.49% | -2.3% | 2.9% | 7.0% |
| Axis Retirement Fund - Dynamic Plan | ₹285 Cr | 2.57% | -0.8% | 3.5% | 7.7% |
 Aditya Birla Sun Life Retirement Fund - The 40s Plan | ₹116 Cr | 2.42% | 0.3% | 5.1% | 8.4% |
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.
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 past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months1.60% absolute | ₹60,000 | ₹60,960 | 1.60% | |
| 1 year−0.13% annualised | ₹1,20,000 | ₹1,19,916 | −0.07% | |
| 3 years5.45% annualised | ₹3,60,000 | ₹3,91,914 | 8.86% | |
| 5 years5.72% annualised | ₹6,00,000 | ₹6,96,005 | 16.00% |
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 - Hybrid Debt Plan?
The NAV of HDFC Retirement Fund - Hybrid Debt Plan is ₹21.56 as on 25 Sep 2026.
What is the expense ratio of HDFC Retirement Fund - Hybrid Debt Plan?
The expense ratio of HDFC Retirement Fund - Hybrid Debt Plan is 2.33% per year.
What is the minimum SIP amount for HDFC Retirement Fund - Hybrid Debt Plan?
You can start a SIP in HDFC Retirement Fund - Hybrid Debt Plan with ₹3,000 a month.
What returns has HDFC Retirement Fund - Hybrid Debt Plan given?
HDFC Retirement Fund - Hybrid Debt Plan has returned -1.5% over 1 year, 2.6% over 3 years and 5.0% over 5 years (annualised).
Is there a lock-in or exit load on HDFC Retirement Fund - Hybrid Debt 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 - Hybrid Debt Plan?
HDFC Retirement Fund - Hybrid Debt Plan is rated Moderately High on the SEBI riskometer and belongs to the Retirement Solutions category.
Which fund house manages HDFC Retirement Fund - Hybrid Debt Plan?
HDFC Retirement Fund - Hybrid Debt Plan is managed by HDFC Mutual Fund, which runs 85 schemes with ₹9,61,940 Cr under management.