HDFC Retirement Fund - Hybrid-Equity Plan is a mutual fund run by HDFC Mutual Fund. On 30-09-2026, it managed ₹1,530 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.3% a year and its Regular plan returned 6.1% a year. Its benchmark, NIFTY 50 Hybrid Composite Debt 65:35 Index, returned 6.1% a year over the same 3 years.
NAV (Direct plan)
₹41.17
▼ 0.08% · 30-10-2026
NAV (Regular plan)
₹35.77
▼ 0.08% · 30-10-2026
Expense ratio
1.12%Direct2.14%Regular
1.12%
A year
Riskometer
Very High
Set by the fund house
3 year return
7.3%Direct6.1%Regular
7.3%
A year
HDFC Retirement Fund - Hybrid-Equity Plan NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹41.17 (down 0.08% that day); Regular Plan Growth ₹35.77 (down 0.08% that day).
This fund (Direct plan)
₹41.166
HDFC Retirement Fund - Hybrid-Equity Plan Returns vs NIFTY 50 Hybrid Composite Debt 65:35 Index
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
+0.09%
−4.73%
−2.46%
−8.32%
+7.29%
+8.64%
+12.00%
This fund (Regular)
+0.01%
−4.98%
−2.96%
−9.30%
+6.09%
+7.37%
+10.57%
NIFTY 50 Hybrid Composite Debt 65:35 Index
−4.12%
−3.58%
+2.00%
−3.96%
+6.10%
+6.13%
--
Category average
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--
--
--
--
--
--
Best in category
--
--
--
--
--
--
--
Worst in category
--
--
--
--
--
--
--
Rank in category
--
--
--
--
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No category comparison is shown: this fund's category is too broad to compare, or has fewer than five funds. The benchmark row is as on 30-09-2026, as NSE published it.
HDFC Retirement Fund - Hybrid-Equity Plan Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
−8.74%
−9.54%
2025
+6.58%
+5.40%
2024
+15.35%
+14.01%
2023
+26.44%
+24.94%
2022
+6.09%
+4.76%
2021
+26.22%
+24.60%
HDFC Retirement Fund - Hybrid-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.
0%5%10%15%20%25%30%
HDFC Retirement Fund - Hybrid-Equity Plan (Direct)
Oct 2016 to Oct 2019Jan 2018 to Jan 2021May 2019 to May 2022Sept 2020 to Sept 2023Dec 2021 to Dec 2024Mar 2023 to Mar 2026
HDFC Retirement Fund - Hybrid-Equity Plan (Direct)
0%
Below 0%
5%
0-5%
13%
5-10%
22%
10-15%
48%
15-20%
9%
20-25%
2%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
1 year
2,383
10.6%
−22.2%
69.9%
12%
2 years
2,136
14.5%
−7.7%
40.3%
5%
3 years
1,889
15.8%
−0.6%
28.5%
0%
5 years
1,396
16.0%
8.0%
24.9%
0%
7 years
902
15.0%
12.3%
16.6%
0%
10 years
165
13.6%
11.7%
16.1%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
1 year
117
11.6%
−33.0%
59.7%
16%
2 years
105
12.8%
−16.0%
36.0%
9%
3 years
93
16.2%
−9.0%
26.1%
4%
5 years
69
16.2%
6.3%
22.8%
0%
7 years
45
16.1%
10.2%
19.6%
0%
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. Past returns do not promise future returns.
HDFC Retirement Fund - Hybrid-Equity Plan Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
HDFC Retirement Fund - Hybrid-Equity Plan (Direct)This fund
Return (CAGR)
−8.32%
Standard deviation
10.08%
Sharpe ratio
-1.35
Sortino ratio
-1.76
Maximum drawdown
−12.1%
(30-03-2026)
From daily NAVs, 30-10-2025 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.
Measure
HDFC Retirement Fund - Hybrid-Equity Plan (Direct)This fund
Return (CAGR)
+7.29%
Standard deviation
9.45%
Sharpe ratio
0.13
Sortino ratio
0.18
Maximum drawdown
−12.3%
(03-03-2025)
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.
Measure
HDFC Retirement Fund - Hybrid-Equity Plan (Direct)This fund
Return (CAGR)
+8.64%
Standard deviation
9.47%
Sharpe ratio
0.30
Sortino ratio
0.40
Maximum drawdown
−12.3%
(03-03-2025)
From daily NAVs, 29-10-2021 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.
Measure
HDFC Retirement Fund - Hybrid-Equity Plan (Direct)This fund
Return (CAGR)
+12.00%
Standard deviation
10.73%
Sharpe ratio
0.62
Sortino ratio
0.82
Maximum drawdown
−27.5%
(23-03-2020)
From daily NAVs, 28-10-2016 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.
Measure
HDFC Retirement Fund - Hybrid-Equity Plan (Direct)This fund
Return (CAGR)
+14.17%
Standard deviation
10.66%
Sharpe ratio
0.82
Sortino ratio
1.10
Maximum drawdown
−27.5%
(23-03-2020)
From daily NAVs, 26-02-2016 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.
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.
−30%−25%−20%−15%−10%−5%0%
HDFC Retirement Fund - Hybrid-Equity Plan (Direct)
20172019202120232025
HDFC Retirement Fund - Hybrid-Equity Plan (Direct)
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
HDFC Retirement Fund - Hybrid-Equity Plan (Direct)
−27.5%
20-02-2020
23-03-2020
08-10-2020
7 months
−9.3%
From the Direct plan's daily NAV since 26-02-2016, adjusted for unit splits. "Time to climb back" runs from the bottom to the first day back at the old high.
HDFC Retirement Fund - Hybrid-Equity Plan Expense Ratio and Costs
What each plan charges a year, in force from 21-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Direct
0.92%
0.01%
0.00%
0.19%
1.12%
Regular
1.81%
0.01%
0.00%
0.32%
2.14%
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 last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
−9.30%
−8.32%
0.98%
₹90,700
₹91,680
3 years
6.09%
7.29%
1.20% a year
₹1,19,405
₹1,23,503
5 years
7.37%
8.64%
1.27% a year
₹1,42,697
₹1,51,338
10 years
10.57%
12.00%
1.43% a year
₹2,73,132
₹3,10,585
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 - Hybrid-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.
Investment
Invested
Value now
Gain
Return a year
Direct planHDFC Retirement Fund - Hybrid-Equity Plan (Direct)
₹12,90,000
₹24,61,191
₹11,71,191
11.5%
Regular planHDFC Retirement Fund - Hybrid-Equity Plan (Regular)
₹12,90,000
₹22,68,961
₹9,78,961
10.1%
₹0₹10.0 L₹20.0 L₹30.0 L
Direct planHDFC Retirement Fund - Hybrid-Equity Plan (Direct)
Regular planHDFC Retirement Fund - Hybrid-Equity Plan (Regular)
Amount invested
20172019202120232025
Direct planHDFC Retirement Fund - Hybrid-Equity Plan (Direct)Regular planHDFC Retirement Fund - Hybrid-Equity Plan (Regular)Amount invested
From each plan's published NAV (Growth option), 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 - Hybrid-Equity Plan Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
70.0%Equity
Asset
Fund
Equity
70.0%
Debt
17.6%
Cash and others
12.5%
Market cap of stocks
Market cap
Fund
Large Cap
44.8%
Mid Cap
6.4%
Small Cap
18.7%
Not on AMFI's list
0.1%
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.
Credit rating
Bonds and money market papers by credit rating, % of the fund.
Rating
Fund
Sovereign
10.3%
AAA and A1+
7.3%
HDFC Retirement Fund - Hybrid-Equity Plan Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks23.4%
Pharmaceuticals & Biotechnology4.6%
IT - Software4.3%
Petroleum Products4.1%
Insurance3.9%
Auto Components3.8%
Automobiles3.2%
Construction2.5%
Power2.4%
Telecom - Services2.3%
The ten largest of 29 sectors. The other 19 add up to 15.4%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
22.7%
23.5%
23.4%
+0.7%
Pharmaceuticals & Biotechnology
5.0%
5.1%
4.6%
−0.4%
IT - Software
6.8%
6.8%
4.3%
−2.4%
Petroleum Products
4.2%
4.2%
4.1%
−0.1%
Insurance
3.9%
3.9%
3.9%
0.0%
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 - Hybrid-Equity Plan Portfolio Holdings
As on 30-09-2026 · 73 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
ICICI Bank Ltd.
Banks
6.05%
0.0%
HDFC Bank Ltd.
Banks
5.56%
0.0%
Bajaj Finance Ltd. · Bond
CRISIL - AAA
4.46%
Kotak Mahindra Bank Limited
Banks
3.54%
0.0%
Reliance Industries Ltd.
Petroleum Products
3.49%
0.0%
Axis Bank Ltd.
Banks
3.21%
0.0%
State Bank of India
Banks
3.14%
0.0%
Maruti Suzuki India Limited
Automobiles
2.35%
0.0%
Bharti Airtel Ltd.
Telecom - Services
2.30%
0.0%
7.26% GOI MAT 220832 · Government security
Sovereign
1.98%
6.1% GOI MAT 120731 · Government security
Sovereign
1.96%
Infosys Limited
IT - Software
1.95%
0.0%
Larsen and Toubro Ltd.
Construction
1.84%
0.0%
Power Grid Corporation of India Ltd.
Power
1.70%
0.0%
Dr. Lal Path Labs Ltd
Healthcare Services
1.69%
0.0%
7.18% GOI MAT 140833 · Government security
Sovereign
1.64%
7.18% GOI MAT 240737 · Government security
Sovereign
1.63%
HCL Technologies Ltd.
IT - Software
1.61%
0.0%
Bajaj Housing Finance Ltd. · Bond
CRISIL - AAA
1.55%
City Union Bank Ltd.
Banks
1.38%
0.0%
7.26% GOI MAT 060233 · Government security
Sovereign
1.32%
ITC LIMITED
Diversified FMCG
1.20%
0.0%
Sun Pharmaceutical Industries Ltd.
Pharmaceuticals & Biotechnology
1.19%
0.0%
SBI Life Insurance Company Ltd.
Insurance
1.11%
0.0%
ICICI Lombard General Insurance Co
Insurance
1.04%
0.0%
Max Financial Services Ltd.
Insurance
1.03%
0.0%
Alkem Laboratories Ltd.
Pharmaceuticals & Biotechnology
1.01%
0.0%
Embassy Office Parks REIT
Realty
0.99%
Mahindra Rural Housing Finance Ltd · Bond
CRISIL - AAA
0.98%
Gland Pharma Ltd.
Pharmaceuticals & Biotechnology
0.95%
0.0%
Suprajit Engineering Ltd.
Auto Components
0.93%
0.0%
Vedant Fashions Ltd
Retailing
0.90%
+351.9%
Cipla Ltd.
Pharmaceuticals & Biotechnology
0.88%
0.0%
Havells India Ltd.
Consumer Durables
0.86%
0.0%
Bajaj Auto Limited
Automobiles
0.85%
0.0%
Tata Steel Ltd.
Ferrous Metals
0.84%
0.0%
7.57% GOI MAT 170633 · Government security
Sovereign
0.84%
Vesuvius India Ltd.
Industrial Products
0.83%
0.0%
Creditaccess Grameen Limited
Finance
0.83%
0.0%
United Spirits Limited
Beverages
0.80%
0.0%
NTPC Limited
Power
0.74%
0.0%
PVR LIMITED
Entertainment
0.71%
−1.9%
Balkrishna Industries Ltd.
Auto Components
0.69%
0.0%
SKF India Ltd.
Auto Components
0.69%
0.0%
HDFC Life Insurance Company Limited
Insurance
0.68%
0.0%
Kalpataru Projects International Ltd
Construction
0.67%
0.0%
Transport Corporation of India Ltd.
Transport Services
0.63%
0.0%
GNA Axles Ltd.
Auto Components
0.63%
0.0%
Blue Dart Express Ltd.
Transport Services
0.61%
0.0%
Huhtamaki India Limited
Industrial Products
0.59%
0.0%
6.67% GOI MAT 171250 · Government security
Sovereign
0.58%
Hindustan Petroleum Corp. Ltd.
Petroleum Products
0.57%
0.0%
Godrej Consumer Products Ltd.
Personal Products
0.56%
0.0%
Voltamp Transformers Ltd.
Electrical Equipment
0.55%
0.0%
Delhivery Limited
Transport Services
0.54%
0.0%
GARWARE TECHNICAL FIBRES LIMITED
Textiles & Apparels
0.54%
+22.7%
Equitas Small Finance Bank Ltd
Banks
0.52%
0.0%
CIE Automotive India Ltd
Auto Components
0.51%
0.0%
UTI Asset Management Company Ltd
Capital Markets
0.46%
0.0%
WEST COAST PAPER MILLS LIMITED
Paper, Forest & Jute Products
0.44%
New
ESCORTS KUBOTA LIMITED
Agricultural, Commercial & Construction Vehicles
0.44%
0.0%
Zensar Technologies Ltd.
IT - Software
0.41%
0.0%
SKF India (Industrial) Limited
Industrial Products
0.40%
0.0%
Eris Lifesciences Ltd
Pharmaceuticals & Biotechnology
0.39%
0.0%
Sonata Software Ltd.
IT - Software
0.38%
0.0%
Goodyear India Ltd.
Auto Components
0.36%
0.0%
Bayer Cropscience Ltd
Fertilizers & Agrochemicals
0.36%
0.0%
Power Grid Corporation of India Ltd. · Bond
CRISIL - AAA
0.33%
The Anup Engineering Limited
Industrial Manufacturing
0.31%
0.0%
6.68% GOI MAT 070740 · Government security
Sovereign
0.31%
Tamilnadu Newsprint & Papers Ltd.
Paper, Forest & Jute Products
0.25%
0.0%
Alembic Pharmaceuticals Limited
Pharmaceuticals & Biotechnology
0.21%
−68.4%
GSPL Transmission Limited
Gas
0.07%
−9.9%
HDFC Retirement Fund - Hybrid-Equity Plan Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Tata Consultancy Services Ltd.
↓Sold out
−100%
was 2.24%
Vedant Fashions Ltd
↑Added
+351.9%
0.90%
PVR LIMITED
↓Reduced
−1.9%
0.71%
Alembic Pharmaceuticals Limited
↓Reduced
−68.4%
0.21%
The Ramco Cements Ltd.
↓Sold out
−100%
was 0.55%
GARWARE TECHNICAL FIBRES LIMITED
↑Added
+22.7%
0.54%
Crompton Greaves Consumer Elec. Ltd.
↓Sold out
−100%
was 0.51%
WEST COAST PAPER MILLS LIMITED
↑New
New
0.44%
Timken India Ltd.
↓Sold out
−100%
was 0.39%
Finolex Industries Ltd.
↓Sold out
−100%
was 0.30%
GSPL Transmission Limited
↓Reduced
−9.9%
0.07%
Bajaj Electricals Ltd.
↓Sold out
−100%
was 0.03%
No stocks in this group for September 2026.
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.
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 - Hybrid-Equity Plan Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.12%
Expense ratio (Regular)
2.14%
Category
Solution
Risk
Very High
Launch date
25-02-2016
Minimum investment
₹100
Minimum additional investment
₹100
AUM
₹1,529.61 Cr (30-09-2026)
Lock in
5 years, or until retirement if earlier
Scheme code (Direct)
136464
ISIN (Direct)
INF179KB1MH6
Scheme code (Regular)
136463
ISIN (Regular)
INF179KB1MI4
NAV history
From 26-02-2016, 10.7 years
Benchmark
NIFTY 50 Hybrid Composite Debt 65:35 Index (Total Returns Index)
Exit load
Nil
Tax on HDFC Retirement Fund - Hybrid-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
Plan
Option
NAV
As on
direct
Growth
₹41.166
30-10-2026
regular
Growth
₹35.768
30-10-2026
About HDFC Retirement Fund - Hybrid-Equity Plan
HDFC Retirement Fund - Hybrid-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 50 Hybrid Composite Debt 65:35 Index (Total Returns Index). At the end of September 2026 it held 73 securities.
Fund Manager
Anupam Joshi
Fund manager of HDFC Retirement Fund - Hybrid-Equity Plan, since 07-03-2026
Arun Agarwal
Fund manager of HDFC Retirement Fund - Hybrid-Equity Plan, since 01-04-2025
Nandita Menezes
Fund manager of HDFC Retirement Fund - Hybrid-Equity Plan, since 01-04-2025
Chirag Setalvad
Fund manager of HDFC Retirement Fund - Hybrid-Equity Plan, since 01-09-2026
Gopal Agrawal
Fund manager of HDFC Retirement Fund - Hybrid-Equity Plan, since 01-09-2026
Frequently Asked Questions for HDFC Retirement Fund - Hybrid-Equity Plan
What is the current NAV of HDFC Retirement Fund - Hybrid-Equity Plan?
The Direct plan NAV is ₹41.166. The Regular plan NAV is ₹35.768, as on 30-10-2026.
What are the returns of HDFC Retirement Fund - Hybrid-Equity Plan?
The Direct plan returned −8.32% in 1 year, +7.29% a year over 3 years, +8.64% a year over 5 years. The Regular plan returned −9.30% in 1 year, +6.09% a year over 3 years, +7.37% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of HDFC Retirement Fund - Hybrid-Equity Plan?
The Direct plan charges 1.12% a year. The Regular plan charges 2.14% a year. This is the figure the fund house reported to AMFI, in force from 21-10-2026.
What is the AUM of HDFC Retirement Fund - Hybrid-Equity Plan?
HDFC Retirement Fund - Hybrid-Equity Plan managed ₹1,529.61 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of HDFC Retirement Fund - Hybrid-Equity Plan?
At the end of September 2026 the largest holdings were ICICIBANK (6.05%), HDFCBANK (5.56%), Bajaj Finance Ltd. (4.46%), KOTAKBANK (3.54%), RELIANCE (3.49%). The fund held 73 securities in all.
What did HDFC Retirement Fund - Hybrid-Equity Plan buy and sell in September 2026?
It bought 1 new stock: WEST COAST PAPER MILLS LIMITED. It sold out of 6: Finolex Industries Ltd, Bajaj Electricals Ltd, Crompton Greaves Consumer Elec. Ltd, Timken India Ltd, The Ramco Cements Ltd. It added shares in 2. It reduced 3.
How do I invest in HDFC Retirement Fund - Hybrid-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 - Hybrid-Equity Plan?
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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