HomeOur StoryMethodologyLearnFAQs

HDFC Retirement Fund - Hybrid Equity Plan

Retirement SolutionsVery HighOPEN-ENDED
Invest Now
NAV as on 25 Sep 2026
₹36.19+0.19%1 day
Return since launch
13.0%
52-week range
₹34.85 — ₹39.77
AUM
₹1,604 Cr

HDFC Retirement Fund - Hybrid Equity Plan is a Retirement Solutions hybrid fund from HDFC Mutual Fund with ₹1,604 Cr under management, launched in 2016. Over three years it has returned -0.3% a year, against 8.0% for its category. The expense ratio is 2.12% 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-8.2%−9.7 pts1.5%-0.8%
2Y-4.0%−6.5 pts2.5%1.5%
3Y-0.3%−8.3 pts8.0%3.9%
5Y5.9%−1.1 pts7.0%7.0%
7Y9.4%−0.2 pts9.6%8.0%
10Y10.2%+2.1 pts8.1%8.1%

Fund against category

1Y
Fund-8.2%
Category1.5%
3Y
Fund-0.3%
Category8.0%
5Y
Fund5.9%
Category7.0%

Since launch (5 Feb 2016): 13.0%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
20255.4%−1.1 pts6.5%
202413.9%−0.9 pts14.8%
202324.9%+6.3 pts18.6%
20224.8%+2.4 pts2.4%
202124.6%+9.6 pts15.0%
202017.4%+2.9 pts14.5%

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

2.13%

Expense ratio as on 16 Sep 2026

Charged yearly and already deducted from the NAV.

Base expense
1.81%
Brokerage
0.01%
Transaction charges
0.00%
Statutory levies
0.31%
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 65:35

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——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.
Sharpe0.170.56Return earned for each unit of total risk taken. Higher is better.
Sortino0.210.72Return earned for each unit of downside risk. Higher is better.
Std. deviation10.6212.81How widely monthly returns have varied around their own average. Lower is steadier.
Average of 5 category peers

Portfolio

HDFC Retirement Fund - Hybrid Equity Plan portfolio

Portfolio as of 31 Aug 2026

Asset allocation

  • Equity73.6%
  • Debt17.0%
  • Other9.4%

Market cap split

  • Large64.6%
  • Mid9.1%
  • Small26.3%
P/E
21.04
P/B
2.84

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
OthersOthers8.46%₹135 Cr+1.20%+1.34%+0.74%
ICICI Bank Ltd.Financial6.35%₹102 Cr+5.52%+5.66%+5.90%
HDFC Bank Ltd.Financial5.31%₹85.08 Cr+5.61%+6.25%+6.88%
Bajaj Finance Ltd.Financial4.31%₹69.20 Cr+4.34%+4.18%—
Reliance Industries Ltd.Energy3.58%₹57.47 Cr+3.73%+3.27%+3.27%
Kotak Mahindra Bank Ltd.Financial3.40%₹54.52 Cr+3.14%+2.68%+2.24%
State Bank of IndiaFinancial3.30%₹53.00 Cr+3.03%+3.53%+2.42%
Axis Bank Ltd.Financial3.24%₹52.00 Cr+3.23%+3.25%+2.52%
Maruti Suzuki India Ltd.Automobile2.53%₹40.64 Cr+2.47%+2.62%+2.67%
Bharti Airtel Ltd.Communication2.26%₹36.24 Cr+2.30%+2.21%+2.28%

Sectors

  • Financial32.6%
  • Sovereign9.9%
  • Others8.5%
  • Energy6.9%
  • Technology6.8%
  • Healthcare6.6%
  • Automobile6.5%
  • Capital Goods4.8%

Instruments

  • GOI Securities9.9%
  • Repo8.0%
  • Debenture4.3%
  • Non Convertible Debenture2.5%
  • Real Estate Investment Trusts1.0%
  • Net Current Assets0.5%
  • Bonds0.3%

Recent changes

HoldingFromToWeight
company:12210.00%0.45%+0.45%
Gujarat Energy Ltd.0.39%0.00%-0.39%
Kotak Mahindra Bank Ltd.3.11%3.40%+0.29%
Bajaj Electricals Ltd.0.27%0.03%-0.24%
Axis Bank Ltd.3.02%3.24%+0.22%
HDFC Bank Ltd.5.51%5.31%-0.20%
company:173530.00%0.19%+0.19%
ICICI Bank Ltd.6.16%6.35%+0.19%
Bharti Airtel Ltd.2.42%2.26%-0.16%
Popular Vehicles And Services Ltd.0.16%0.00%-0.16%
City Union Bank Ltd.1.18%1.33%+0.15%
State Bank of India3.15%3.30%+0.15%
CreditAccess Grameen Ltd.0.98%0.85%-0.13%
Gland Pharma Ltd.0.77%0.90%+0.13%
Others0.61%0.48%-0.13%
Power Grid Corporation Of India Ltd.1.74%1.64%-0.10%
Godrej Consumer Products Ltd.0.66%0.56%-0.10%
Maruti Suzuki India Ltd.2.62%2.53%-0.09%
Tamil Nadu Newsprint & Papers Ltd.0.32%0.23%-0.09%
ITC Ltd.1.21%1.12%-0.09%
Larsen & Toubro Ltd.1.81%1.89%+0.08%
Huhtamaki India Ltd.0.70%0.63%-0.07%
Voltamp Transformers Ltd.0.61%0.54%-0.07%
Max Financial Services Ltd.1.06%1.13%+0.07%
Alkem Laboratories Ltd.1.06%1.00%-0.06%
Bajaj Auto Ltd.0.85%0.91%+0.06%
Kalpataru Projects International Ltd.0.59%0.65%+0.06%
Tata Consultancy Services Ltd.2.18%2.24%+0.06%
The Anup Engineering Ltd.0.40%0.34%-0.06%
Vesuvius India Ltd.0.82%0.76%-0.06%
SBI Life Insurance Company Ltd.1.15%1.09%-0.06%
Balkrishna Industries Ltd.0.76%0.71%-0.05%
Crompton Greaves Consumer Electricals Ltd.0.56%0.51%-0.05%
Dr. Lal Pathlabs Ltd.1.52%1.57%+0.05%
PVR Inox Ltd.0.62%0.67%+0.05%
Goodyear India Ltd.0.41%0.36%-0.05%
Alembic Pharmaceuticals Ltd.0.61%0.65%+0.04%
Infosys Ltd.2.08%2.12%+0.04%
NTPC Ltd.0.75%0.71%-0.04%
SKF India Ltd.0.64%0.68%+0.04%
Sonata Software Ltd.0.45%0.41%-0.04%
SKF India (Industrial) Ltd.0.37%0.41%+0.04%
Zensar Technologies Ltd.0.47%0.43%-0.04%
Hindustan Petroleum Corporation Ltd.0.60%0.57%-0.03%
Transport Corporation Of India Ltd.0.63%0.60%-0.03%
Reliance Industries Ltd.3.61%3.58%-0.03%
Bayer CropScience Ltd.0.39%0.37%-0.02%
Blue Dart Express Ltd.0.63%0.61%-0.02%
Cipla Ltd.0.90%0.88%-0.02%
Delhivery Ltd.0.59%0.57%-0.02%
Embassy Office Parks REIT0.94%0.96%+0.02%
ICICI Lombard General Insurance Company Ltd.1.00%0.98%-0.02%
Sun Pharmaceutical Industries Ltd.1.22%1.24%+0.02%
Eris Lifesciences Ltd.0.42%0.40%-0.02%
Bajaj Housing Finance Ltd.1.50%1.51%+0.01%
CIE Automotive India Ltd.0.50%0.49%-0.01%
GNA Axles Ltd.0.53%0.54%+0.01%
GOI0.80%0.81%+0.01%
HCL Technologies Ltd.1.65%1.64%-0.01%
HDFC Life Insurance Co Ltd.0.67%0.68%+0.01%
Suprajit Engineering Ltd.0.92%0.93%+0.01%
Tata Steel Ltd.0.81%0.80%-0.01%
The Ramco Cements Ltd.0.56%0.55%-0.01%
UTI Asset Management Company Ltd.0.44%0.43%-0.01%
Mahindra Rural Housing Finance Ltd.0.93%0.94%+0.01%
Bajaj Finance Ltd.4.30%4.31%+0.01%
Equitas Small Finance Bank Ltd.0.53%0.53%0.00%
Escorts Kubota Ltd.0.47%0.47%0.00%
Finolex Industries Ltd.0.30%0.30%0.00%
GSPL Transmission Ltd.0.07%0.07%0.00%
Havells India Ltd.1.01%1.01%0.00%
Timken India Ltd.0.39%0.39%0.00%
United Spirits Ltd.0.84%0.84%0.00%

Compare

Similar funds

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

FundAUMExpense1Y3Y5Y
Category average₹936 Cr2.43%1.5%5.6%9.5%
Tata Retirement Savings Moderate Fund₹2,251 Cr2.17%5.8%6.5%10.0%
ICICI Prudential Retirement Fund - Hybrid Aggressive Plan₹1,320 Cr2.48%4.5%9.8%14.3%
Axis Retirement Fund - Aggressive Plan₹706 Cr2.49%-2.3%2.9%7.0%
Axis Retirement Fund - Dynamic Plan₹285 Cr2.57%-0.8%3.5%7.7%
Aditya Birla Sun Life Retirement Fund - The 40s Plan₹116 Cr2.42%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.
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 months1.97% absolute₹60,000₹61,1821.97%
1 year−5.69% annualised₹1,20,000₹1,16,365−3.03%
3 years6.05% annualised₹3,60,000₹3,95,6409.90%
5 years7.48% annualised₹6,00,000₹7,29,41321.57%

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 Equity Plan?
The NAV of HDFC Retirement Fund - Hybrid Equity Plan is ₹36.19 as on 25 Sep 2026.
What is the expense ratio of HDFC Retirement Fund - Hybrid Equity Plan?
The expense ratio of HDFC Retirement Fund - Hybrid Equity Plan is 2.12% per year.
What is the minimum SIP amount for HDFC Retirement Fund - Hybrid Equity Plan?
You can start a SIP in HDFC Retirement Fund - Hybrid Equity Plan with ₹3,000 a month.
What returns has HDFC Retirement Fund - Hybrid Equity Plan given?
HDFC Retirement Fund - Hybrid Equity Plan has returned -8.2% over 1 year, -0.3% over 3 years and 5.9% over 5 years (annualised).
Is there a lock-in or exit load on HDFC Retirement Fund - Hybrid 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 - Hybrid Equity Plan?
HDFC Retirement Fund - Hybrid Equity Plan is rated Very High on the SEBI riskometer and belongs to the Retirement Solutions category.
Which fund house manages HDFC Retirement Fund - Hybrid Equity Plan?
HDFC Retirement Fund - Hybrid Equity Plan is managed by HDFC Mutual Fund, which runs 85 schemes with ₹9,61,940 Cr under management.