HDFC Short Term Fund
Short DurationModerateOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹34.16-0.15%1 day
- Return since launch
- 7.9%
- 52-week range
- ₹32.49 — ₹34.24
- AUM
- ₹14,486 Cr
HDFC Short Term Fund is a Short Duration debt fund from HDFC Mutual Fund with ₹14,486 Cr under management, launched in 2010. Over three years it has returned 6.5% a year, against 6.7% for its category. The expense ratio is 0.72% 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 +5.1% against +4.9% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.9% | +0.2 pts | 4.8% | 4.9% |
| 2Y | 5.8% | +0.3 pts | 5.5% | 5.6% |
| 3Y | 6.5% | −0.2 pts | 6.7% | 6.3% |
| 5Y | 6.7% | +0.7 pts | 6.1% | 6.4% |
| 7Y | 6.5% | +0.3 pts | 6.3% | 6.1% |
| 10Y | 6.8% | +0.5 pts | 6.3% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.1% | 0.0 pts | 0.1% | 0.1% |
| 3M | 0.7% | −0.1 pts | 0.8% | 0.8% |
| 6M | 2.9% | 0.0 pts | 2.9% | 3.0% |
| 1Y | 5.1% | +0.4 pts | 4.8% | 4.9% |
| 2Y | 6.5% | +0.3 pts | 6.3% | 6.3% |
| 3Y | 7.1% | +0.4 pts | 6.7% | 6.8% |
| 5Y | 6.2% | +0.1 pts | 6.1% | 5.8% |
| 7Y | 6.8% | +0.4 pts | 6.4% | 6.2% |
| 10Y | 7.0% | +0.7 pts | 6.3% | 6.4% |
Since launch (21 Jun 2010): 7.9%
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
0.72%
Expense ratio as on 16 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.60%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.11%
- 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 | 0.97 | 0.93 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.66 | 1.58 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.34 | 1.35 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
HDFC Short Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt95.6%
- Other4.4%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 4.76% | ₹676 Cr | +1.05% | +0.90% | +6.48% |
| Small Industries Devp. Bank of India Ltd. | Financial | 3.41% | ₹494 Cr | +1.32% | +1.16% | +1.12% |
| REC Ltd. | Financial | 3.18% | ₹462 Cr | +2.08% | +1.80% | +1.72% |
| Jubilant Beverages Ltd. | Consumer Staples | 2.96% | ₹429 Cr | +2.81% | +2.41% | +2.20% |
| JTPM Metal Traders Ltd. | Metals & Mining | 2.68% | ₹388 Cr | +2.54% | +2.17% | — |
| National Bank For Agriculture & Rural Development | Financial | 2.59% | ₹375 Cr | +0.34% | +0.58% | +0.56% |
| Jamnagar Utilities and Power Pvt. Ltd. | Capital Goods | 2.42% | ₹351 Cr | +0.33% | +0.29% | +0.27% |
| Shivshakti Securitisation Trust | Others | 2.38% | ₹345 Cr | +2.32% | +2.05% | — |
| Aditya Birla Renewables Ltd. | Energy | 2.14% | ₹310 Cr | +2.92% | +2.54% | +2.42% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.08% | ₹302 Cr | +2.72% | +2.36% | +2.24% |
| Indian Railway Finance Corporation Ltd. | Financial | 1.98% | ₹287 Cr | +2.04% | +0.45% | +0.42% |
| Muthoot Finance Ltd. | Financial | 1.88% | ₹273 Cr | +1.00% | +0.88% | +0.84% |
| Power Finance Corporation Ltd. | Financial | 1.71% | ₹249 Cr | +0.85% | +0.75% | +0.75% |
| Pipeline Infrastructure (India) Pvt. Ltd. | Construction | 1.70% | ₹247 Cr | +1.65% | +1.45% | +1.38% |
| Tata Communications Ltd. | Communication | 1.70% | ₹246 Cr | +1.64% | +1.43% | +1.37% |
| LIC Housing Finance Ltd. | Financial | 1.57% | ₹228 Cr | +1.34% | +1.18% | +1.12% |
| Poonawalla Fincorp Ltd. | Financial | 1.54% | ₹224 Cr | +1.00% | +0.88% | +0.54% |
| Siddhivinayak Securitisation Trust | Others | 1.54% | ₹223 Cr | +1.50% | +1.32% | — |
| TVS Credit Services Ltd. | Financial | 1.41% | ₹204 Cr | +1.37% | +1.21% | +1.14% |
| Sundaram Finance Ltd. | Financial | 1.37% | ₹198 Cr | +1.34% | +1.16% | — |
| Ascendas IT Park (Pune) Private Limited | Others | 1.35% | ₹196 Cr | +1.32% | +1.15% | — |
| Housing & Urban Development Corporation Ltd. | Financial | 1.33% | ₹193 Cr | +2.30% | +2.02% | +0.56% |
| Bajaj Housing Finance Ltd. | Financial | 1.09% | ₹158 Cr | +1.34% | +1.18% | +1.12% |
| SMFG India Credit Company Ltd. | Financial | 1.03% | ₹150 Cr | +1.34% | +0.58% | +0.56% |
| Sundaram Home Finance Ltd. | Financial | 1.00% | ₹145 Cr | +0.97% | +0.85% | +0.81% |
| Motilal Oswal Financial Services Ltd. | Financial | 0.86% | ₹125 Cr | +1.01% | +0.87% | +0.82% |
| Toyota Financial Services Ltd. | Financial | 0.70% | ₹102 Cr | +0.68% | +0.60% | +0.57% |
| Tata Capital Ltd. | Financial | 0.69% | ₹99.57 Cr | +0.68% | — | — |
| Punjab National Bank | Financial | 0.68% | ₹97.86 Cr | +0.65% | +0.58% | +0.27% |
| Goa State | Others | 0.61% | ₹88.11 Cr | +0.59% | +0.52% | — |
| India Universal Trust AL1 | Others | 0.61% | ₹88.81 Cr | +0.62% | +0.55% | +0.54% |
| NTPC Green Energy Ltd. | Energy | 0.60% | ₹86.87 Cr | +0.58% | +0.51% | — |
| Kotak Mahindra Investments Ltd. | Financial | 0.52% | ₹75.25 Cr | +0.51% | +1.17% | +1.12% |
| RJ Corp Ltd. | Consumer Staples | 0.51% | ₹73.83 Cr | +0.49% | +0.43% | — |
| Bank Of Baroda | Financial | 0.50% | ₹72.48 Cr | — | +0.27% | +0.54% |
| Rajasthan State | Others | 0.47% | ₹67.94 Cr | +0.45% | +0.40% | — |
| UCO Bank | Financial | 0.39% | ₹56.76 Cr | — | — | — |
| Gujarat State | Construction | 0.38% | ₹55.52 Cr | +0.37% | +0.32% | +0.31% |
| Nomura Capital (India) Pvt Ltd. | Financial | 0.38% | ₹55.15 Cr | +0.20% | +0.18% | +0.16% |
| GOI | Sovereign | 0.35% | ₹50.46 Cr | +0.14% | +0.60% | +0.57% |
| Bajaj Finance Ltd. | Financial | 0.34% | ₹48.83 Cr | +0.32% | +0.28% | +0.28% |
| Bihar State | Others | 0.34% | ₹49.94 Cr | +0.33% | +0.29% | — |
| Tamilnadu State | Others | 0.34% | ₹49.76 Cr | — | — | — |
| Ultratech Cement Ltd. | Materials | 0.34% | ₹49.94 Cr | +0.33% | +0.29% | +0.28% |
| Canara Bank | Financial | 0.33% | ₹48.41 Cr | +1.12% | +0.57% | +0.27% |
| Mahanagar Telephone Nigam Ltd. | Communication | 0.30% | ₹43.36 Cr | +0.29% | +0.25% | +0.24% |
| Tata Capital Housing Finance Ltd. | Financial | 0.28% | ₹41.02 Cr | +0.61% | +0.53% | +0.50% |
| Jubilant Bevco Ltd. | Consumer Staples | 0.27% | ₹39.13 Cr | +0.26% | +0.22% | +0.20% |
| HDFC Bank Ltd. | Financial | 0.18% | ₹25.42 Cr | +0.17% | +0.15% | +0.14% |
| Reliance Industries Ltd. | Energy | 0.18% | ₹25.63 Cr | +0.17% | +0.15% | +0.29% |
| Andhra Pradesh State | Financial | 0.17% | ₹24.87 Cr | +0.17% | +0.15% | — |
| Madhya Pradesh State | Others | 0.17% | ₹24.41 Cr | +0.16% | +0.14% | — |
| Haryana State | Others | 0.14% | ₹19.93 Cr | +0.13% | +0.12% | — |
| Tata Power Company Ltd. | Energy | 0.14% | ₹20.65 Cr | +0.14% | +0.12% | +0.12% |
| Maharashtra State | Others | 0.10% | ₹15.21 Cr | +0.10% | +0.09% | — |
| Shriram Finance Ltd | Financial | 0.06% | ₹9.14 Cr | +0.10% | +0.13% | +0.21% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Muthoot Finance Ltd. | 0.50% | 1.37% | +0.87% |
| Canara Bank | 0.97% | 0.33% | -0.64% |
| GOI | 0.51% | 0.35% | -0.16% |
| Jubilant Beverages Ltd. | 2.84% | 2.96% | +0.12% |
| JTPM Metal Traders Ltd. | 2.57% | 2.68% | +0.11% |
| Shivshakti Securitisation Trust | 2.28% | 2.38% | +0.10% |
| Aditya Birla Renewables Ltd. | 2.06% | 2.14% | +0.08% |
| Jamnagar Utilities and Power Pvt. Ltd. | 2.34% | 2.42% | +0.08% |
| National Bank For Agriculture & Rural Development | 1.99% | 2.07% | +0.08% |
| Pipeline Infrastructure (India) Pvt. Ltd. | 1.64% | 1.70% | +0.06% |
| Siddhivinayak Securitisation Trust | 1.48% | 1.54% | +0.06% |
| Tata Communications Ltd. | 1.64% | 1.70% | +0.06% |
| Tata Motors Finance Ltd. | 0.05% | 0.00% | -0.05% |
| Cholamandalam Investment and Finance Company Ltd. | 1.34% | 1.39% | +0.05% |
| TVS Credit Services Ltd. | 1.36% | 1.41% | +0.05% |
| Ascendas IT Park (Pune) Private Limited | 1.31% | 1.35% | +0.04% |
| Housing & Urban Development Corporation Ltd. | 1.15% | 1.19% | +0.04% |
| Small Industries Devp. Bank of India Ltd. | 0.99% | 1.03% | +0.04% |
| Sundaram Home Finance Ltd. | 0.96% | 1.00% | +0.04% |
| Motilal Oswal Financial Services Ltd. | 0.83% | 0.86% | +0.03% |
| Tata Capital Ltd. | 0.66% | 0.69% | +0.03% |
| Bank Of Baroda | 0.48% | 0.50% | +0.02% |
| Goa State | 0.59% | 0.61% | +0.02% |
| Indian Railway Finance Corporation Ltd. | 0.57% | 0.59% | +0.02% |
| Kotak Mahindra Investments Ltd. | 0.50% | 0.52% | +0.02% |
| Punjab National Bank | 0.66% | 0.68% | +0.02% |
| REC Ltd. | 0.51% | 0.53% | +0.02% |
| RJ Corp Ltd. | 0.49% | 0.51% | +0.02% |
| Sundaram Finance Ltd. | 0.66% | 0.68% | +0.02% |
| UCO Bank | 0.37% | 0.39% | +0.02% |
| Bajaj Housing Finance Ltd. | 0.67% | 0.69% | +0.02% |
| LIC Housing Finance Ltd. | 0.67% | 0.69% | +0.02% |
| SMFG India Credit Company Ltd. | 0.67% | 0.69% | +0.02% |
| Toyota Financial Services Ltd. | 0.68% | 0.70% | +0.02% |
| Bajaj Finance Ltd. | 0.16% | 0.17% | +0.01% |
| Bihar State | 0.33% | 0.34% | +0.01% |
| Gujarat State | 0.37% | 0.38% | +0.01% |
| Haryana State | 0.13% | 0.14% | +0.01% |
| India Universal Trust AL1 | 0.60% | 0.61% | +0.01% |
| Jubilant Bevco Ltd. | 0.26% | 0.27% | +0.01% |
| Madhya Pradesh State | 0.16% | 0.17% | +0.01% |
| Mahanagar Telephone Nigam Ltd. | 0.29% | 0.30% | +0.01% |
| NTPC Green Energy Ltd. | 0.59% | 0.60% | +0.01% |
| Others | 0.35% | 0.36% | +0.01% |
| Poonawalla Fincorp Ltd. | 0.50% | 0.51% | +0.01% |
| Shriram Finance Ltd | 0.07% | 0.06% | -0.01% |
| Tamilnadu State | 0.33% | 0.34% | +0.01% |
| Tata Capital Housing Finance Ltd. | 0.27% | 0.28% | +0.01% |
| Ultratech Cement Ltd. | 0.33% | 0.34% | +0.01% |
| HDFC Bank Ltd. | 0.17% | 0.18% | +0.01% |
| Power Finance Corporation Ltd. | 0.17% | 0.18% | +0.01% |
| Reliance Industries Ltd. | 0.17% | 0.18% | +0.01% |
| Rajasthan State | 0.46% | 0.47% | +0.01% |
| Andhra Pradesh State | 0.17% | 0.17% | 0.00% |
| Maharashtra State | 0.10% | 0.10% | 0.00% |
| Nomura Capital (India) Pvt Ltd. | 0.10% | 0.10% | 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 | ₹10,354 Cr | 0.95% | 5.3% | 6.6% | 6.7% |
 ICICI Prudential Short Term Fund | ₹19,403 Cr | 1.05% | 5.3% | 6.6% | 6.9% |
 Bandhan Short Term Fund | ₹8,731 Cr | 0.87% | 5.9% | 6.7% | 6.7% |
 Axis Short Term Fund | ₹7,501 Cr | 0.93% | 5.2% | 6.7% | 6.7% |
 Aditya Birla Sun Life Short Term Fund | ₹5,782 Cr | 0.96% | 4.9% | 6.4% | 6.6% |
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 months2.93% absolute | ₹60,000 | ₹61,758 | 2.93% | |
| 1 year5.11% annualised | ₹1,20,000 | ₹1,23,374 | 2.81% | |
| 3 years7.10% annualised | ₹3,60,000 | ₹4,02,267 | 11.74% | |
| 5 years6.18% annualised | ₹6,00,000 | ₹7,04,547 | 17.42% |
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 ₹34.16 as on 24 Sep 2026.
What is the expense ratio of HDFC Short Term Fund?
The expense ratio of HDFC Short Term Fund is 0.72% 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 4.9% over 1 year, 6.5% over 3 years and 6.7% 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 85 schemes with ₹9,61,940 Cr under management.