HDFC Retirement Fund - Hybrid Debt Plan
Retirement SolutionsModerately HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹21.87+0.21%1 day
- Return since launch
- 7.6%
- 52-week range
- ₹21.09 — ₹22.00
- AUM
- ₹140 Cr
HDFC Retirement Fund - Hybrid Debt Plan is a Retirement Solutions hybrid fund from HDFC Mutual Fund with ₹140 Cr under management, launched in 2016. Over three years it has returned 3.1% a year, against 8.6% for its category. The expense ratio is 2.34% 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 +0.3% 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 | 1.3% | 0.0 pts | 1.4% | 2.9% |
| 2Y | 1.9% | −2.3 pts | 4.2% | 3.2% |
| 3Y | 3.1% | −5.4 pts | 8.6% | 4.5% |
| 5Y | 5.3% | −1.7 pts | 7.0% | 7.3% |
| 7Y | 6.2% | −3.4 pts | 9.6% | 8.2% |
| 10Y | 6.5% | −1.8 pts | 8.3% | 8.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 2.1% | −1.1 pts | 3.2% | 4.2% |
| 3M | -0.4% | +0.3 pts | -0.7% | -0.7% |
| 6M | 0.9% | −1.0 pts | 1.9% | 2.1% |
| 1Y | 0.3% | −1.1 pts | 1.4% | 0.1% |
| 2Y | 2.2% | −0.6 pts | 2.9% | 3.3% |
| 3Y | 5.9% | −2.7 pts | 8.6% | 8.5% |
| 5Y | 5.9% | −1.2 pts | 7.0% | 7.0% |
| 7Y | 7.0% | −2.9 pts | 9.9% | 9.0% |
| 10Y | 6.8% | −1.5 pts | 8.3% | 8.3% |
Since launch (5 Feb 2016): 7.6%
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 4 Nov 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 | -0.05 | 0.40 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | -0.06 | 0.54 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 4.46 | 13.28 | 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 30 Sep 2026
Asset allocation
- Equity26.7%
- Debt46.6%
- Other26.7%
Market cap split
- Large71.4%
- Mid6.4%
- Small22.2%
- P/E
- 20.26
- P/B
- 2.82
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 28.38% | ₹40.47 Cr | +51.95% | +45.78% | +48.09% |
| GOI | Sovereign | 7.72% | ₹11.00 Cr | +6.98% | +6.67% | +7.67% |
| Mahindra Rural Housing Finance Ltd. | Financial | 7.04% | ₹10.04 Cr | +6.82% | +6.64% | +6.41% |
| Indian Railway Finance Corporation Ltd. | Financial | 3.56% | ₹5.07 Cr | +3.45% | +3.32% | +3.26% |
| ICICI Bank Ltd. | Financial | 2.29% | ₹3.26 Cr | -11.14% | +3.92% | +5.05% |
| HDFC Bank Ltd. | Financial | 2.18% | ₹3.10 Cr | +2.34% | +2.08% | +2.60% |
| State Bank of India | Financial | 1.31% | ₹1.87 Cr | +1.34% | +1.24% | +1.06% |
| Axis Bank Ltd. | Financial | 1.12% | ₹1.59 Cr | +1.17% | +0.98% | +0.92% |
| Bharti Airtel Ltd. | Communication | 0.99% | ₹1.41 Cr | +0.99% | +0.93% | +0.94% |
| Reliance Industries Ltd. | Energy | 0.98% | ₹1.40 Cr | -9.47% | -9.56% | -9.34% |
| Maruti Suzuki India Ltd. | Automobile | 0.84% | ₹1.20 Cr | +0.94% | +0.80% | +1.00% |
| Larsen & Toubro Ltd. | Construction | 0.79% | ₹1.12 Cr | -14.03% | -11.51% | -11.58% |
| Firstsource Solutions Ltd. | Services | 0.72% | ₹1.02 Cr | — | — | — |
| Vedant Fashions Ltd. | Services | 0.71% | ₹1.02 Cr | — | — | — |
| Infosys Ltd. | Technology | 0.70% | ₹0.99 Cr | +0.67% | +0.81% | +0.81% |
| Suprajit Engineering Ltd. | Automobile | 0.67% | ₹0.96 Cr | — | — | — |
| United Spirits Ltd. | Consumer Staples | 0.66% | ₹0.95 Cr | +0.18% | +0.16% | +0.17% |
| Vishal Mega Mart Ltd. | Services | 0.64% | ₹0.91 Cr | — | — | — |
| City Union Bank Ltd. | Financial | 0.63% | ₹0.90 Cr | +0.56% | +0.47% | +0.40% |
| Kovai Medical Center & Hospital Ltd. | Healthcare | 0.63% | ₹0.90 Cr | — | — | — |
| Transport Corporation Of India Ltd. | Services | 0.61% | ₹0.87 Cr | +0.62% | +0.60% | +0.74% |
| SBI Life Insurance Company Ltd. | Insurance | 0.59% | ₹0.85 Cr | +0.59% | +0.58% | +0.56% |
| Balkrishna Industries Ltd. | Automobile | 0.59% | ₹0.85 Cr | +0.36% | +0.34% | — |
| Shoppers Stop Ltd. | Services | 0.58% | ₹0.83 Cr | — | — | — |
| Dr. Lal Pathlabs Ltd. | Healthcare | 0.56% | ₹0.79 Cr | +0.44% | +0.34% | +0.39% |
| Power Grid Corporation Of India Ltd. | Energy | 0.55% | ₹0.78 Cr | +0.57% | +0.58% | +0.44% |
| West Coast Paper Mills Ltd. | Consumer Staples | 0.52% | ₹0.74 Cr | — | — | — |
| ITC Ltd. | Consumer Staples | 0.46% | ₹0.66 Cr | +0.48% | +0.47% | +0.63% |
| Vesuvius India Ltd. | Capital Goods | 0.45% | ₹0.64 Cr | +0.46% | +0.42% | +0.48% |
| PVR Inox Ltd. | Services | 0.43% | ₹0.61 Cr | +0.32% | +0.30% | +0.13% |
| Lupin Ltd. | Healthcare | 0.43% | ₹0.61 Cr | +0.48% | +0.53% | +0.42% |
| Lumax Industries Ltd. | Automobile | 0.39% | ₹0.56 Cr | — | +0.33% | +0.47% |
| Alkem Laboratories Ltd. | Healthcare | 0.36% | ₹0.52 Cr | +0.37% | +0.34% | +0.34% |
| Gujarat Pipavav Port Ltd. | Services | 0.35% | ₹0.50 Cr | +0.30% | +0.28% | +0.30% |
| Zensar Technologies Ltd. | Technology | 0.30% | ₹0.42 Cr | +0.28% | +0.33% | — |
| Voltamp Transformers Ltd. | Capital Goods | 0.29% | ₹0.42 Cr | +0.28% | +0.23% | +0.18% |
| Kalpataru Projects International Ltd. | Capital Goods | 0.29% | ₹0.41 Cr | +0.27% | +0.34% | +0.39% |
| TCPL Packaging Ltd. | Consumer Staples | 0.29% | ₹0.41 Cr | +0.20% | +0.15% | — |
| Bayer CropScience Ltd. | Chemicals | 0.28% | ₹0.40 Cr | +0.30% | +0.33% | +0.33% |
| Huhtamaki India Ltd. | Materials | 0.25% | ₹0.36 Cr | +0.20% | +0.15% | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.25% | ₹0.35 Cr | +0.26% | +0.22% | +0.28% |
| Finolex Cables Ltd. | Capital Goods | 0.23% | ₹0.33 Cr | — | +0.25% | +0.26% |
| SKF India Ltd. | Capital Goods | 0.21% | ₹0.30 Cr | +0.22% | +0.18% | — |
| GSPL Transmission Ltd. | Energy | 0.05% | ₹0.07 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 17.81% | 16.81% | -1.00% |
| Tata Consultancy Services Ltd. | 0.82% | 0.00% | -0.82% |
| Firstsource Solutions Ltd. | 0.00% | 0.72% | +0.72% |
| ICICI Lombard General Insurance Company Ltd. | 0.64% | 0.00% | -0.64% |
| Kovai Medical Center & Hospital Ltd. | 0.00% | 0.63% | +0.63% |
| Shoppers Stop Ltd. | 0.00% | 0.58% | +0.58% |
| West Coast Paper Mills Ltd. | 0.00% | 0.52% | +0.52% |
| ICICI Bank Ltd. | -5.99% | -5.61% | +0.38% |
| Larsen & Toubro Ltd. | -6.98% | -6.65% | +0.33% |
| Vedant Fashions Ltd. | 0.41% | 0.71% | +0.30% |
| Reliance Industries Ltd. | -4.85% | -4.55% | +0.29% |
| Alembic Pharmaceuticals Ltd. | 0.29% | 0.00% | -0.29% |
| Suprajit Engineering Ltd. | 0.41% | 0.67% | +0.26% |
| United Spirits Ltd. | 0.41% | 0.66% | +0.26% |
| Finolex Cables Ltd. | 0.00% | 0.23% | +0.23% |
| Balkrishna Industries Ltd. | 0.39% | 0.59% | +0.20% |
| Vishal Mega Mart Ltd. | 0.45% | 0.64% | +0.18% |
| Mahindra Rural Housing Finance Ltd. | 6.90% | 7.04% | +0.14% |
| State Bank of India | 1.41% | 1.31% | -0.10% |
| Maruti Suzuki India Ltd. | 0.93% | 0.84% | -0.09% |
| Infosys Ltd. | 0.77% | 0.70% | -0.08% |
| Indian Railway Finance Corporation Ltd. | 3.48% | 3.56% | +0.07% |
| HDFC Bank Ltd. | 2.12% | 2.18% | +0.05% |
| GSPL Transmission Ltd. | 0.00% | 0.05% | +0.05% |
| Axis Bank Ltd. | 1.15% | 1.12% | -0.04% |
| Lumax Industries Ltd. | 0.43% | 0.39% | -0.04% |
| GOI | 3.54% | 3.57% | +0.03% |
| Dr. Lal Pathlabs Ltd. | 0.53% | 0.56% | +0.03% |
| Vesuvius India Ltd. | 0.42% | 0.45% | +0.03% |
| ITC Ltd. | 0.44% | 0.46% | +0.02% |
| Lupin Ltd. | 0.45% | 0.43% | -0.02% |
| TCPL Packaging Ltd. | 0.27% | 0.29% | +0.02% |
| Huhtamaki India Ltd. | 0.27% | 0.25% | -0.02% |
| Bayer CropScience Ltd. | 0.30% | 0.28% | -0.02% |
| Transport Corporation Of India Ltd. | 0.59% | 0.61% | +0.02% |
| Zensar Technologies Ltd. | 0.31% | 0.30% | -0.02% |
| PVR Inox Ltd. | 0.41% | 0.43% | +0.01% |
| Power Grid Corporation Of India Ltd. | 0.54% | 0.55% | +0.01% |
| City Union Bank Ltd. | 0.63% | 0.63% | +0.01% |
| Gujarat Pipavav Port Ltd. | 0.34% | 0.35% | +0.01% |
| Bharti Airtel Ltd. | 0.99% | 0.99% | 0.00% |
| Hindustan Petroleum Corporation Ltd. | 0.25% | 0.25% | 0.00% |
| Voltamp Transformers Ltd. | 0.30% | 0.29% | 0.00% |
| Kalpataru Projects International Ltd. | 0.29% | 0.29% | 0.00% |
| Alkem Laboratories Ltd. | 0.36% | 0.36% | 0.00% |
| SKF India Ltd. | 0.21% | 0.21% | 0.00% |
| SBI Life Insurance Company Ltd. | 0.59% | 0.59% | 0.00% |
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 | ₹886 Cr | 2.42% | 5.3% | 5.9% | 9.7% |
 Tata Retirement Savings Moderate Fund | ₹2,115 Cr | 2.16% | 8.2% | 6.6% | 10.0% |
 ICICI Prudential Retirement Fund - Hybrid Aggressive Plan | ₹1,268 Cr | 2.45% | 0.6% | 7.3% | 12.8% |
 Axis Retirement Fund - Aggressive Plan | ₹666 Cr | 2.49% | 5.5% | 4.5% | 8.0% |
| Axis Retirement Fund - Dynamic Plan | ₹269 Cr | 2.56% | 6.5% | 4.9% | 8.6% |
 Aditya Birla Sun Life Retirement Fund - The 40s Plan | ₹110 Cr | 2.42% | 5.9% | 6.3% | 9.1% |
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 months0.87% absolute | ₹60,000 | ₹60,522 | 0.87% | |
| 1 year0.27% annualised | ₹1,20,000 | ₹1,20,176 | 0.15% | |
| 3 years5.91% annualised | ₹3,60,000 | ₹3,94,767 | 9.66% | |
| 5 years5.88% annualised | ₹6,00,000 | ₹6,98,961 | 16.49% |
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 - Hybrid Debt Plan?
The NAV of HDFC Retirement Fund - Hybrid Debt Plan is ₹21.87 as on 6 Nov 2026.
What is the expense ratio of HDFC Retirement Fund - Hybrid Debt Plan?
The expense ratio of HDFC Retirement Fund - Hybrid Debt Plan is 2.34% 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 1.3% over 1 year, 3.1% over 3 years and 5.3% 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 86 schemes with ₹9,96,954 Cr under management.