HDFC Short Term Fund
Short DurationModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹34.32+0.07%1 day
- Return since launch
- 7.8%
- 52-week range
- ₹32.84 — ₹34.30
- AUM
- ₹13,967 Cr
HDFC Short Term Fund is a Short Duration debt fund from HDFC Mutual Fund with ₹13,967 Cr under management, launched in 2010. Over three years it has returned 6.2% a year, against 6.7% for its category. The expense ratio is 0.67% and the SEBI riskometer reading is Moderate.
Performance
HDFC Short Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.4% against +4.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.4% | +0.1 pts | 4.3% | 4.5% |
| 2Y | 5.3% | +0.3 pts | 5.1% | 5.2% |
| 3Y | 6.2% | −0.5 pts | 6.7% | 6.0% |
| 5Y | 6.6% | +0.5 pts | 6.0% | 6.3% |
| 7Y | 6.4% | +0.2 pts | 6.2% | 6.0% |
| 10Y | 6.7% | +0.5 pts | 6.2% | 6.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.6% | 0.0 pts | 0.5% | 0.5% |
| 3M | 0.3% | −0.1 pts | 0.4% | 0.4% |
| 6M | 2.6% | 0.0 pts | 2.6% | 2.7% |
| 1Y | 4.5% | +0.2 pts | 4.3% | 4.3% |
| 2Y | 6.3% | +0.3 pts | 6.0% | 6.2% |
| 3Y | 7.1% | +0.4 pts | 6.7% | 6.7% |
| 5Y | 6.2% | +0.2 pts | 6.0% | 5.8% |
| 7Y | 6.6% | +0.4 pts | 6.2% | 6.0% |
| 10Y | 7.0% | +0.7 pts | 6.2% | 6.4% |
Since launch (21 Jun 2010): 7.8%
Calendar-year returns
Category average11.0%
3.9%
3.5%
7.1%
8.2%
7.8%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.8% | −0.3 pts | 8.1% |
| 2024 | 8.2% | −0.1 pts | 8.3% |
| 2023 | 7.1% | −0.2 pts | 7.3% |
| 2022 | 3.5% | −1.4 pts | 5.0% |
| 2021 | 3.9% | −0.7 pts | 4.5% |
| 2020 | 11.0% | +1.2 pts | 9.8% |
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
0.67%
Expense ratio as on 4 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.57%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.10%
- Exit load
- Exit load of 0.25% if redeemed within 1 month
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Short Duration Debt A-II Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderate
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid 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 | 0.79 | 0.83 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.25 | 1.36 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.44 | 1.37 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HDFC Short Term Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt97.1%
- Other2.9%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 5.80% | ₹822 Cr | +1.05% | +1.05% | +0.81% |
| Small Industries Devp. Bank of India Ltd. | Financial | 3.71% | ₹528 Cr | +1.32% | +1.32% | +1.16% |
| REC Ltd. | Financial | 3.24% | ₹461 Cr | +2.08% | +2.08% | +1.80% |
| Jubilant Beverages Ltd. | Consumer Staples | 3.03% | ₹431 Cr | +2.84% | +2.82% | +2.28% |
| JTPM Metal Traders Ltd. | Metals & Mining | 2.73% | ₹388 Cr | +2.57% | +2.54% | +2.05% |
| Jamnagar Utilities and Power Pvt. Ltd. | Capital Goods | 2.46% | ₹350 Cr | +0.33% | +0.34% | +0.28% |
| National Bank For Agriculture & Rural Development | Financial | 2.45% | ₹350 Cr | +4.02% | +0.68% | +0.58% |
| Shivshakti Securitisation Trust | Others | 2.35% | ₹334 Cr | +2.29% | +2.34% | +1.42% |
| Aditya Birla Renewables Ltd. | Energy | 2.18% | ₹310 Cr | +2.91% | +2.96% | +2.51% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.11% | ₹301 Cr | +2.72% | +2.74% | +2.34% |
| Indian Railway Finance Corporation Ltd. | Financial | 2.00% | ₹285 Cr | +1.71% | +0.51% | +0.42% |
| Muthoot Finance Ltd. | Financial | 1.94% | ₹275 Cr | +1.00% | +1.02% | +0.86% |
| Pipeline Infrastructure (India) Pvt. Ltd. | Construction | 1.73% | ₹246 Cr | +1.66% | +1.68% | +1.43% |
| Power Finance Corporation Ltd. | Financial | 1.73% | ₹247 Cr | +0.85% | +0.90% | +0.75% |
| Tata Communications Ltd. | Communication | 1.73% | ₹245 Cr | +1.65% | +1.66% | +1.41% |
| LIC Housing Finance Ltd. | Financial | 1.59% | ₹227 Cr | +1.36% | +1.38% | +1.16% |
| Poonawalla Fincorp Ltd. | Financial | 1.57% | ₹224 Cr | +1.00% | +1.02% | +0.56% |
| Siddhivinayak Securitisation Trust | Others | 1.51% | ₹215 Cr | +1.48% | +1.50% | +1.28% |
| TVS Credit Services Ltd. | Financial | 1.43% | ₹203 Cr | +1.37% | +1.40% | +1.18% |
| Sundaram Finance Ltd. | Financial | 1.39% | ₹198 Cr | +1.32% | +1.36% | — |
| Ascendas IT Park (Pune) Private Limited | Others | 1.38% | ₹196 Cr | +1.32% | +1.33% | — |
| Housing & Urban Development Corporation Ltd. | Financial | 1.35% | ₹192 Cr | +2.32% | +2.34% | +0.58% |
| Bajaj Housing Finance Ltd. | Financial | 1.10% | ₹157 Cr | +1.34% | +1.38% | +1.16% |
| SMFG India Credit Company Ltd. | Financial | 1.05% | ₹149 Cr | +1.34% | +1.36% | +0.58% |
| Sundaram Home Finance Ltd. | Financial | 1.02% | ₹145 Cr | +0.97% | +0.99% | +0.84% |
| Motilal Oswal Financial Services Ltd. | Financial | 0.88% | ₹125 Cr | +1.00% | +1.02% | +0.85% |
| Toyota Financial Services Ltd. | Financial | 0.72% | ₹102 Cr | +0.68% | +0.69% | +0.59% |
| Tata Capital Ltd. | Financial | 0.70% | ₹99.69 Cr | +0.67% | — | — |
| Punjab National Bank | Financial | 0.68% | ₹96.47 Cr | +0.66% | +0.67% | +0.56% |
| Goa State | Others | 0.61% | ₹86.97 Cr | +0.59% | +0.60% | — |
| India Universal Trust AL1 | Others | 0.61% | ₹87.41 Cr | +0.61% | +0.63% | +0.56% |
| NTPC Green Energy Ltd. | Energy | 0.60% | ₹85.67 Cr | +0.59% | +0.59% | — |
| Kotak Mahindra Investments Ltd. | Financial | 0.53% | ₹75.11 Cr | +0.50% | +1.37% | +1.16% |
| RJ Corp Ltd. | Consumer Staples | 0.52% | ₹73.43 Cr | +0.49% | +0.50% | — |
| Bank Of Baroda | Financial | 0.51% | ₹72.84 Cr | — | — | +0.56% |
| Rajasthan State | Others | 0.47% | ₹66.77 Cr | +0.46% | +0.46% | — |
| UCO Bank | Financial | 0.40% | ₹57.04 Cr | — | — | — |
| Nomura Capital (India) Pvt Ltd. | Financial | 0.39% | ₹55.06 Cr | +0.20% | +0.20% | +0.18% |
| Gujarat State | Construction | 0.38% | ₹54.68 Cr | +0.37% | +0.37% | +0.32% |
| Bihar State | Others | 0.35% | ₹49.06 Cr | +0.34% | +0.33% | — |
| Ultratech Cement Ltd. | Materials | 0.35% | ₹49.81 Cr | +0.33% | +0.34% | +0.29% |
| Bajaj Finance Ltd. | Financial | 0.34% | ₹48.20 Cr | +0.32% | +0.34% | +0.28% |
| Canara Bank | Financial | 0.34% | ₹48.67 Cr | +1.29% | — | — |
| Tamilnadu State | Others | 0.34% | ₹48.97 Cr | — | — | — |
| Union Bank of India | Financial | 0.34% | ₹48.81 Cr | — | — | — |
| Mahanagar Telephone Nigam Ltd. | Communication | 0.31% | ₹43.44 Cr | +0.29% | +0.29% | +0.25% |
| Tata Capital Housing Finance Ltd. | Financial | 0.29% | ₹40.97 Cr | +0.27% | +0.61% | +0.52% |
| Jubilant Bevco Ltd. | Consumer Staples | 0.28% | ₹39.37 Cr | +0.26% | +0.26% | +0.21% |
| HDFC Bank Ltd. | Financial | 0.18% | ₹25.29 Cr | +0.17% | +0.17% | +0.15% |
| Reliance Industries Ltd. | Energy | 0.18% | ₹25.54 Cr | +0.17% | +0.18% | +0.15% |
| Andhra Pradesh State | Financial | 0.17% | ₹24.48 Cr | +0.17% | +0.17% | +0.14% |
| GOI | Sovereign | 0.17% | ₹23.73 Cr | +0.69% | +0.71% | +0.59% |
| Madhya Pradesh State | Others | 0.17% | ₹23.84 Cr | +0.16% | +0.16% | +0.14% |
| Haryana State | Others | 0.14% | ₹19.52 Cr | +0.13% | +0.13% | — |
| Tata Power Company Ltd. | Energy | 0.14% | ₹20.57 Cr | +0.14% | +0.14% | +0.12% |
| Maharashtra State | Others | 0.11% | ₹14.98 Cr | +0.10% | +0.10% | — |
| Shriram Finance Ltd | Financial | 0.05% | ₹7.31 Cr | +0.09% | +0.13% | +0.20% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Union Bank of India | 0.00% | 0.34% | +0.34% |
| GOI | 0.35% | 0.17% | -0.18% |
| National Bank For Agriculture & Rural Development | 2.07% | 1.93% | -0.14% |
| Jubilant Beverages Ltd. | 2.96% | 3.03% | +0.07% |
| JTPM Metal Traders Ltd. | 2.68% | 2.73% | +0.05% |
| Aditya Birla Renewables Ltd. | 2.14% | 2.18% | +0.04% |
| Jamnagar Utilities and Power Pvt. Ltd. | 2.42% | 2.46% | +0.04% |
| Muthoot Finance Ltd. | 1.37% | 1.41% | +0.04% |
| Pipeline Infrastructure (India) Pvt. Ltd. | 1.70% | 1.73% | +0.03% |
| Siddhivinayak Securitisation Trust | 1.54% | 1.51% | -0.03% |
| Tata Communications Ltd. | 1.70% | 1.73% | +0.03% |
| Ascendas IT Park (Pune) Private Limited | 1.35% | 1.38% | +0.03% |
| Shivshakti Securitisation Trust | 2.38% | 2.35% | -0.03% |
| Cholamandalam Investment and Finance Company Ltd. | 1.39% | 1.41% | +0.02% |
| Housing & Urban Development Corporation Ltd. | 1.19% | 1.21% | +0.02% |
| Motilal Oswal Financial Services Ltd. | 0.86% | 0.88% | +0.02% |
| Sundaram Home Finance Ltd. | 1.00% | 1.02% | +0.02% |
| TVS Credit Services Ltd. | 1.41% | 1.43% | +0.02% |
| Toyota Financial Services Ltd. | 0.70% | 0.72% | +0.02% |
| Bajaj Housing Finance Ltd. | 0.69% | 0.70% | +0.01% |
| Bank Of Baroda | 0.50% | 0.51% | +0.01% |
| Canara Bank | 0.33% | 0.34% | +0.01% |
| Jubilant Bevco Ltd. | 0.27% | 0.28% | +0.01% |
| Kotak Mahindra Investments Ltd. | 0.52% | 0.53% | +0.01% |
| LIC Housing Finance Ltd. | 0.69% | 0.70% | +0.01% |
| Mahanagar Telephone Nigam Ltd. | 0.30% | 0.31% | +0.01% |
| Others | 0.36% | 0.37% | +0.01% |
| Poonawalla Fincorp Ltd. | 0.51% | 0.52% | +0.01% |
| REC Ltd. | 0.53% | 0.54% | +0.01% |
| RJ Corp Ltd. | 0.51% | 0.52% | +0.01% |
| SMFG India Credit Company Ltd. | 0.69% | 0.70% | +0.01% |
| Small Industries Devp. Bank of India Ltd. | 1.03% | 1.04% | +0.01% |
| Tata Capital Ltd. | 0.69% | 0.70% | +0.01% |
| UCO Bank | 0.39% | 0.40% | +0.01% |
| Maharashtra State | 0.10% | 0.11% | +0.01% |
| Nomura Capital (India) Pvt Ltd. | 0.10% | 0.11% | +0.01% |
| Shriram Finance Ltd | 0.06% | 0.05% | -0.01% |
| Bihar State | 0.34% | 0.35% | +0.01% |
| Tata Capital Housing Finance Ltd. | 0.28% | 0.29% | +0.01% |
| Ultratech Cement Ltd. | 0.34% | 0.35% | +0.01% |
| Sundaram Finance Ltd. | 0.68% | 0.69% | +0.01% |
| Andhra Pradesh State | 0.17% | 0.17% | 0.00% |
| Bajaj Finance Ltd. | 0.17% | 0.17% | 0.00% |
| Goa State | 0.61% | 0.61% | 0.00% |
| Gujarat State | 0.38% | 0.38% | 0.00% |
| HDFC Bank Ltd. | 0.18% | 0.18% | 0.00% |
| Haryana State | 0.14% | 0.14% | 0.00% |
| India Universal Trust AL1 | 0.61% | 0.61% | 0.00% |
| Indian Railway Finance Corporation Ltd. | 0.59% | 0.59% | 0.00% |
| Madhya Pradesh State | 0.17% | 0.17% | 0.00% |
| NTPC Green Energy Ltd. | 0.60% | 0.60% | 0.00% |
| Power Finance Corporation Ltd. | 0.18% | 0.18% | 0.00% |
| Punjab National Bank | 0.68% | 0.68% | 0.00% |
| Rajasthan State | 0.47% | 0.47% | 0.00% |
| Reliance Industries Ltd. | 0.18% | 0.18% | 0.00% |
| Tamilnadu State | 0.34% | 0.34% | 0.00% |
| Tata Power Company Ltd. | 0.14% | 0.14% | 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 | ₹7,266 Cr | 0.78% | 5.1% | 6.3% | 6.6% |
 ICICI Prudential Short Term Fund | ₹18,468 Cr | 1.03% | 4.7% | 6.3% | 6.7% |
 Bandhan Short Term Fund | ₹8,628 Cr | 0.86% | 5.3% | 6.4% | 6.6% |
 Axis Short Term Fund | ₹7,395 Cr | 0.95% | 5.0% | 6.5% | 6.7% |
 Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund | ₹1,651 Cr | 0.33% | 6.0% | — | — |
 Sundaram Short Term Fund | ₹190 Cr | 0.73% | 4.7% | 6.0% | 6.3% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate regular income through investment in debt securities and money market instruments.
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.
- Anil BamboliMr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI.Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.
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 months2.62% absolute | ₹60,000 | ₹61,572 | 2.62% | |
| 1 year4.45% annualised | ₹1,20,000 | ₹1,22,932 | 2.44% | |
| 3 years7.06% annualised | ₹3,60,000 | ₹4,02,012 | 11.67% | |
| 5 years6.21% annualised | ₹6,00,000 | ₹7,05,109 | 17.52% |
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 Short Term Fund?
The NAV of HDFC Short Term Fund is ₹34.32 as on 9 Nov 2026.
What is the expense ratio of HDFC Short Term Fund?
The expense ratio of HDFC Short Term Fund is 0.67% per year.
What is the minimum SIP amount for HDFC Short Term Fund?
You can start a SIP in HDFC Short Term Fund with ₹3,000 a month.
What returns has HDFC Short Term Fund given?
HDFC Short Term Fund has returned 4.4% over 1 year, 6.2% over 3 years and 6.6% over 5 years (annualised).
Is there a lock-in or exit load on HDFC Short Term Fund?
Lock-in: None. Exit load: Exit load of 0.25% if redeemed within 1 month.
How risky is HDFC Short Term Fund?
HDFC Short Term Fund is rated Moderate on the SEBI riskometer and belongs to the Short Duration category.
Which fund house manages HDFC Short Term Fund?
HDFC Short Term Fund is managed by HDFC Mutual Fund, which runs 86 schemes with ₹9,96,954 Cr under management.