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    HDFC Retirement Fund - Equity Plan

    SolutionDirect and Regular plans, Growth option

    Data as on 30-10-2026

    HDFC Retirement Fund - Equity Plan is a mutual fund run by HDFC Mutual Fund. On 30-09-2026, it managed ₹6,645 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 9.3% a year and its Regular plan returned 8.2% a year. Its benchmark, Nifty 500 TRI, returned 10.2% a year over the same 3 years.

    NAV (Direct plan)
    ₹53.62
    ▲ 0.14%30-10-2026
    NAV (Regular plan)
    ₹46.75
    ▲ 0.13%30-10-2026
    Expense ratio
    0.92%Direct1.87%Regular
    Riskometer
    Very High
    Set by the fund house
    3 year return
    9.3%Direct8.2%Regular

    HDFC Retirement Fund - Equity Plan NAV Today

    NAV on 30-10-2026: Direct Plan Growth ₹53.62 (up 0.14% that day); Regular Plan Growth ₹46.75 (up 0.13% that day).

    HDFC Retirement Fund - Equity Plan Returns vs Nifty 500 TRI

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Trailing returns
    Period1M3M6M1Y3Y5Y10Y
    This fund (Direct)+0.66%−4.79%−2.05%−9.12%+9.31%+11.19%+14.67%
    This fund (Regular)+0.59%−5.02%−2.52%−10.02%+8.18%+9.96%+13.23%
    Nifty 500 TRI−0.75%−6.05%−2.83%−7.34%+10.22%+8.81%+12.51%
    Category average--------------
    Best in category--------------
    Worst in category--------------
    Rank in category--------------

    No category comparison is shown: this fund's category is too broad to compare, or has fewer than five funds.

    HDFC Retirement Fund - Equity Plan Year-wise Returns

    Return of each calendar year
    YearDirectRegularNifty 500 TRI
    2026to date−9.06%−9.79%−7.51%
    2025+6.24%+5.18%+7.76%
    2024+19.33%+18.00%+16.24%
    2023+34.15%+32.62%+26.91%
    2022+9.95%+8.57%+4.25%
    2021+44.27%+42.52%+31.60%

    HDFC Retirement Fund - Equity Plan Rolling Returns

    The return of every holding period in the fund's history, not only the one that ends today

    Rolling returns

    Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 1,889 periods, one for each trading day from 26-02-2019 to 30-10-2026.

    −10%0%10%20%30%40%
    Oct 2016
    to
    Oct 2019
    Jan 2018
    to
    Jan 2021
    May 2019
    to
    May 2022
    Sept 2020
    to
    Sept 2023
    Dec 2021
    to
    Dec 2024
    Mar 2023
    to
    Mar 2026
    HDFC Retirement Fund - Equity Plan (Direct)Nifty 500 TRI

    Every holding period at a glance

    PeriodPeriodsMedianLowestHighestWith a lossBenchmark medianBeat benchmark
    1 year2,38312.2%−30.9%96.0%17%10.7%71%
    2 years2,13618.2%−14.6%58.2%8%15.4%72%
    3 years1,88919.5%−4.6%40.7%2%15.7%79%
    5 years1,39618.7%10.4%34.0%0%15.6%100%
    7 years90218.4%15.9%20.7%0%15.0%100%
    10 years16516.3%14.3%19.2%0%13.8%100%

    Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty 500 TRI over the same days. Past returns do not promise future returns.

    HDFC Retirement Fund - Equity Plan Risk

    How much it swings, and the falls an investor had to sit through

    Risk and return

    MeasureHDFC Retirement Fund - Equity Plan (Direct)This fundNifty 500 TRI
    Return (CAGR)+9.31%+10.22%
    Standard deviation12.19%14.30%
    Sharpe ratio0.270.29
    Sortino ratio0.370.40
    Maximum drawdown−16.1% (03-03-2025)−18.6% (28-02-2025)
    Beta0.841.00
    Alpha−0.22%0.00%

    From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

    Drawdowns

    How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

    −40%−30%−20%−10%0%
    20172019202120232025
    HDFC Retirement Fund - Equity Plan (Direct)Nifty 500 TRI
    Worst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    HDFC Retirement Fund - Equity Plan (Direct)−34.9%17-01-202023-03-202006-11-20207 months−10.0%
    Nifty 500 TRI−38.1%17-01-202023-03-202006-11-20207 months−8.8%

    From the Direct plan's daily NAV since 26-02-2016, adjusted for unit splits, and Nifty 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

    HDFC Retirement Fund - Equity Plan Expense Ratio and Costs

    What each plan charges a year, in force from 09-10-2026

    PlanBase expense ratioBrokerageTransaction costsLevies and GSTTotal expense ratio
    Direct0.74%0.01%0.00%0.17%0.92%
    Regular1.55%0.01%0.00%0.31%1.87%

    The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file.

    Direct vs Regular: what the gap cost

    Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

    Over the lastRegularDirectDirect earned more by₹1 lakh became (Regular)₹1 lakh became (Direct)
    1 year−10.02%−9.12%0.90%₹89,980₹90,880
    3 years8.18%9.31%1.13% a year₹1,26,602₹1,30,611
    5 years9.96%11.19%1.23% a year₹1,60,758₹1,69,953
    10 years13.23%14.67%1.44% a year₹3,46,430₹3,93,096

    Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

    HDFC Retirement Fund - Equity Plan SIP Calculator

    What a one-time or monthly investment in this fund would be worth today, from its own NAV history

    Growth of an investment

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 26-02-2016 to 30-10-2026: 129 instalments, ₹12,90,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Direct planHDFC Retirement Fund - Equity Plan (Direct) ₹12,90,000 ₹29,76,443 ₹16,86,443 14.8%
    Regular planHDFC Retirement Fund - Equity Plan (Regular) ₹12,90,000 ₹27,43,238 ₹14,53,238 13.4%
    Nifty 500 TRI ₹12,90,000 ₹25,76,202 ₹12,86,202 12.3%
    ₹0₹10.0 L₹20.0 L₹30.0 L₹40.0 L
    20172019202120232025
    Direct planHDFC Retirement Fund - Equity Plan (Direct)Regular planHDFC Retirement Fund - Equity Plan (Regular)Nifty 500 TRIAmount invested

    From each plan's published NAV (Growth option), the benchmark's TRI, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

    HDFC Retirement Fund - Equity Plan Asset Allocation

    Asset allocation as on 30-09-2026

    What the fund holds

    93.3%Equity

    AssetFund
    Equity93.3%
    Cash and others6.7%

    Market cap of stocks

    Market capFund
    Large Cap62.6%
    Mid Cap9.9%
    Small Cap20.3%
    Not on AMFI's list0.6%

    Share of the whole fund. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

    HDFC Retirement Fund - Equity Plan Sector Allocation

    Sector allocation of the fund's stocks as on 30-09-2026

    Largest sectors

    1. Banks26.4%

    2. IT - Software6.8%

    3. Automobiles6.4%

    4. Transport Services5.8%

    5. Petroleum Products5.5%

    6. Insurance4.7%

    7. Pharmaceuticals & Biotechnology4.6%

    8. Construction3.3%

    9. Healthcare Services3.0%

    10. Power3.0%

    The ten largest of 30 sectors. The other 20 add up to 23.9%.

    Sector changes

    SectorJuly 2026August 2026September 2026Change
    Banks26.0%26.4%26.4%+0.4%
    IT - Software7.4%7.2%6.8%−0.6%
    Automobiles6.8%6.8%6.4%−0.4%
    Transport Services6.0%5.7%5.8%−0.2%
    Petroleum Products5.8%5.6%5.5%−0.3%

    Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

    HDFC Retirement Fund - Equity Plan Portfolio Holdings

    As on 30-09-2026 · 73 holdings · from the fund house's monthly portfolio

    HoldingsSectorWeight%Holdings trend1M change
    ICICI Bank Ltd.Banks7.36%0.0%
    HDFC Bank Ltd.Banks6.93%0.0%
    Reliance Industries Ltd.Petroleum Products4.64%0.0%
    Axis Bank Ltd.Banks4.43%0.0%
    Kotak Mahindra Bank LimitedBanks4.39%0.0%
    State Bank of IndiaBanks2.89%0.0%
    Maruti Suzuki India LimitedAutomobiles2.85%0.0%
    Bharti Airtel Ltd.Telecom - Services2.64%0.0%
    Larsen and Toubro Ltd.Construction2.26%0.0%
    Infosys LimitedIT - Software2.24%0.0%

    HDFC Retirement Fund - Equity Plan Stocks Bought and Sold

    All changes are between August 2026 and September 2026

    More
    Stocks bought and sold in September 2026
    United Spirits LimitedAdded+20.0%1.22%
    Chalet Hotels Ltd.Added+33.3%1.02%
    PVR LIMITEDReduced−1.9%0.92%
    JSW Dulux LimitedAdded+3.7%0.72%
    The Ramco Cements Ltd.Sold out−100%was 0.69%
    Finolex Industries Ltd.Reduced−3.3%0.40%
    Elevate Campuses LimitedNewNew0.34%
    Moneyview LimitedNewNew0.15%
    GSPL Transmission LimitedReduced−9.9%0.08%

    A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

    What HDFC Retirement Fund - Equity Plan bought and sold

    HDFC Retirement Fund - Equity Plan Portfolio Overlap

    Funds with the most similar portfolios, across every fund house and category

    FundOverlapHoldings in common
    HDFC Retirement Fund - Hybrid-Equity PlanSolution · HDFC58.2%43Compare
    HDFC ELSS - Tax Saver FundELSS · HDFC56.7%31Compare
    HDFC Aggressive Hybrid FundAggressive Hybrid · HDFC55.0%35Compare
    HDFC Multi Asset Allocation FundMulti Asset · HDFC52.0%42Compare
    HDFC Flexi Cap FundFlexi Cap · HDFC51.8%30Compare
    Mirae Asset Large Cap FundLarge Cap · Mirae Asset51.5%27Compare
    Bandhan Nifty 50 Index FundIndex · Bandhan51.3%23Compare
    Tata NIFTY 50 Exchange Traded FundIndex · Tata51.3%23Compare

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

    HDFC Retirement Fund - Equity Plan Overview

    Fund facts from the scheme summary document, as on 16-10-2026

    Expense ratio (Direct)
    0.92%
    Expense ratio (Regular)
    1.87%
    Category
    Solution
    Risk
    Very High
    Benchmark
    Nifty 500 TRI
    Launch date
    25-02-2016
    Minimum investment
    ₹100
    Minimum additional investment
    ₹100
    AUM
    ₹6,644.77 Cr (30-09-2026)
    Lock in
    5 years, or until retirement if earlier
    Scheme code (Direct)
    136094
    ISIN (Direct)
    INF179KB1MF0
    Scheme code (Regular)
    136090
    ISIN (Regular)
    INF179KB1MG8
    NAV history
    From 26-02-2016, 10.7 years
    Exit load
    Fresh investments by investors including SIP / STP registrations, etc effective June 2, 2018: Exit Load (Upon completion of lock-in period): Nil Existing investments by investors including SIP / STP registrations, etc until June 1, 2018: Exit Load (Upon completion of lock-in period of 5 years) In respect of each purchase/switch-in of units offered under the respective Investment Plan(s) • An Exit Load of 1% is payable if Units are redeemed/ switched-out before completion of 60 years of age • No Exit Load is payable if Units are redeemed / switched-out on or after attainment of 60 years of age.

    Tax on HDFC Retirement Fund - Equity Plan returns

    • How the gain is taxed depends on what the fund holds. A fund with 65% or more in Indian stocks is taxed as an equity fund: 20% within 1 year, 12.5% after, on gains above ₹1.25 lakh a year.
    • A fund with 65% or more in debt is taxed at your slab rate. Any other fund: your slab rate within 2 years, 12.5% after.
    • IDCW (dividend) payouts are added to your income and taxed at your slab rate.
    • A stamp duty of 0.005% is deducted when you invest.

    Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

    All plans and options

    PlanOptionNAVAs on
    directGrowth₹53.62330-10-2026
    regularGrowth₹46.74630-10-2026

    About HDFC Retirement Fund - Equity Plan

    HDFC Retirement Fund - Equity Plan is a mutual fund from HDFC Mutual Fund. Its category is Solution. It was launched on 25-02-2016. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 73 securities.

    Fund Manager

    • Anupam Joshi

      Fund manager of HDFC Retirement Fund - Equity Plan, since 07-03-2026

    • Arun Agarwal

      Fund manager of HDFC Retirement Fund - Equity Plan, since 01-04-2025

    • Nandita Menezes

      Fund manager of HDFC Retirement Fund - Equity Plan, since 01-04-2025

    • Chirag Setalvad

      Fund manager of HDFC Retirement Fund - Equity Plan, since 01-09-2026

    • Gopal Agrawal

      Fund manager of HDFC Retirement Fund - Equity Plan, since 01-09-2026

    See all funds of HDFC Mutual Fund

    AUM change

    September 2026
    ₹6,644.77 Cr
    −5.04% from August 2026
    August 2026
    ₹6,997.74 Cr
    −0.23% from July 2026
    July 2026
    ₹7,013.69 Cr
    +2.66% from June 2026

    AUM moves with money invested or taken out, and with the value of what the fund holds.

    Compare HDFC Retirement Fund - Equity Plan with Other Funds

    Returns, risk, costs and the stocks they share, side by side

    Frequently Asked Questions for HDFC Retirement Fund - Equity Plan

    What is the current NAV of HDFC Retirement Fund - Equity Plan?

    The Direct plan NAV is ₹53.623. The Regular plan NAV is ₹46.746, as on 30-10-2026.

    What are the returns of HDFC Retirement Fund - Equity Plan?

    The Direct plan returned −9.12% in 1 year, +9.31% a year over 3 years, +11.19% a year over 5 years. The Regular plan returned −10.02% in 1 year, +8.18% a year over 3 years, +9.96% a year over 5 years. These figures are as on 30-10-2026.

    What is the expense ratio of HDFC Retirement Fund - Equity Plan?

    The Direct plan charges 0.92% a year. The Regular plan charges 1.87% a year. This is the figure the fund house reported to AMFI, in force from 09-10-2026.

    What is the AUM of HDFC Retirement Fund - Equity Plan?

    HDFC Retirement Fund - Equity Plan managed ₹6,644.77 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

    What are the top holdings of HDFC Retirement Fund - Equity Plan?

    At the end of September 2026 the largest holdings were ICICIBANK (7.36%), HDFCBANK (6.93%), RELIANCE (4.64%), AXISBANK (4.43%), KOTAKBANK (4.39%). The fund held 73 securities in all.

    What did HDFC Retirement Fund - Equity Plan buy and sell in September 2026?

    It bought 2 new stocks: Moneyview Limited, Elevate Campuses Limited. It sold out of 1: The Ramco Cements Ltd. It added shares in 3. It reduced 3.

    How do I invest in HDFC Retirement Fund - Equity Plan?

    Through HDFC Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.

    Who is the fund manager of HDFC Retirement Fund - Equity Plan?

    Anupam Joshi (since 07-03-2026), Arun Agarwal (since 01-04-2025), Nandita Menezes (since 01-04-2025), Chirag Setalvad (since 01-09-2026), Gopal Agrawal (since 01-09-2026).

    Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

    This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.

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