HDFC Hybrid Debt Fund

Q: What are the returns of this mutual fund scheme?

The HDFC Hybrid Debt Fund is a 22 yrs 2 m old fund and has delivered average annual returns of 9.93% since inception. HDFC Hybrid Debt Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 5.07% 9.44% 9.23% 9.25% 9.93%

Q: How much does this mutual fund charge as expense ratio?

The HDFC Hybrid Debt Fund has an expense ratio of 1.76% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹82.7521-0.38% 1 day change	9.93% p.a.	App exclusive #NA View Ranked Funds	₹3,354 Cr

Historical NAV & returns

NAV: ₹82.7521 as on Feb 02, 2026

This fund Category average

HDFC Hybrid Debt Fund overview

AUM (Fund size)	₹3,354 Cr
Exit load	1.0% Exit load for units in excess of 15% of the investment, 1% will be charged for redemption within 1 year!
Lock-in Period	Nil
Age	22 yrs 2 m since Nov 17, 2003
Benchmark	NIFTY 50 Hybrid Composite Debt 15:85 Conservative
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	1.76% as on Feb 02, 2026
Plan type	Regular
Risk	Moderately High
Tax on your gains	Profits are added to your income and taxed as per your slab rate

HDFC Hybrid Debt Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-0.98%	-0.96%
3 Months	-0.43%	-0.44%
6 Months	0.66%	0.8%
1 Year	5.07%	6.29%
2 Years	6.31%	7.64%
3 Years	9.44%	8.86%
4 Years	8.43%	7.44%
5 Years	9.23%	7.5%
7 Years	9.42%	8.09%
10 Years	9.25%	7.93%

Asset allocationas on Dec 31, 2025

Large Cap 17.66%

Mid Cap 1.66%

Small Cap 1.04%

Other Cap 0%

Top holdings

HDFC Bank Ltd.2.07%

ICICI Bank Ltd.2.0%

State Bank of India1.46%

Axis Bank Ltd.1.24%

Top sectors

Financial 8.05%

Energy 3.58%

Technology 1.98%

Healthcare 1.8%

SOV 39.04%

AAA 33.76%

AA+ 3.07%

Cash & Call Money 2.73%

Top Debt Holdings

Indian Railway Finance Corporation Ltd. 3.96%

Housing & Urban Development Corporation Ltd. 2.3%

National Bank For Agriculture & Rural Development 2.27%

Altius Telecom Infrastructure Trust 1.66%

Allocation by Instruments

GOI Securities 38.89%

Debenture 18.48%

Non Convertible Debenture 13.0%

Bonds 2.7300000000000004%

Other Holdings

Others 1.93%

Embassy Office Parks REIT 0.65%

Indus Infra Trust 0.1%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Hybrid Debt Fund	-0.98%	0.66%	5.07%	9.44%	9.23%	9.25%
ICICI Prudential Regular Savings Fund	-0.85%	1.94%	7.25%	10.05%	8.75%	9.65%
SBI Conservative Hybrid Fund	-1.28%	1.03%	6.26%	9.47%	9.06%	8.96%
Nippon India Conservative Hybrid Fund	-0.32%	3.51%	9.0%	9.04%	8.28%	6.02%
DSP Regular Savings Fund	-0.83%	1.27%	6.75%	9.67%	8.01%	7.45%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Hybrid Debt Fund	3.88	0.97	0.82	1.41
ICICI Prudential Regular Savings Fund	2.91	0.74	1.23	1.87
SBI Conservative Hybrid Fund	3.46	0.85	0.92	1.47
Nippon India Conservative Hybrid Fund	1.89	0.45	1.4	2.36
DSP Regular Savings Fund	3.22	0.81	1.04	1.97

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Hybrid Debt Fund	N.A.	3,354 Cr	22 yrs 2 m	1.76%
ICICI Prudential Regular Savings Fund	N.A.	3,359 Cr	21 yrs 11 m	1.72%
SBI Conservative Hybrid Fund	N.A.	9,851 Cr	24 yrs 11 m	1.54%
Nippon India Conservative Hybrid Fund	N.A.	933 Cr	22 yrs 1 m	1.87%
DSP Regular Savings Fund	N.A.	184 Cr	21 yrs 9 m	1.21%

View all Conservative Hybrid funds

Key risk & return ratios Compared to other funds in the category

Alpha	0.17 vs. 2.77 Underperformed at beating benchmark
Sharpe	0.82 vs. 2.91 Poor risk-adjusted returns
Beta	0.97 vs. 1.05 Less sensitive to market ups & downs
Standard deviation	3.88 vs. 3.47 More volatile performance

Compare HDFC Hybrid Debt Fund in detail with

About this fund

About HDFC Hybrid Debt Fund

HDFC Hybrid Debt Fund is a Conservative Hybrid mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 22 yrs 2 m, having been launched on 17/11/2003. HDFC Hybrid Debt Fund has ₹3,354 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Hybrid Debt Fund as of 02/02/2026 is ₹82.75. The fund has an expense ratio of 1.76%, which is higher than what most other Conservative Hybrid funds charge. Currently, the fund has a 20.36% allocation to equity and 76.16% to Debt.

HDFC Hybrid Debt Fund returns of last 1-year are 4.67%. Since launch, it has delivered 10.02% average annual returns. The fund has doubled the money invested in it every 9 yrs.
HDFC Hybrid Debt Fund scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund's equity portion is primarily invested in Financial, Energy, Technology, Healthcare, Construction sectors. It has taken less exposure in Financial, Energy sectors compared to other funds in the category.
The debt portion of the fund has high credit quality indicating the quality of borrowers it has lent it to is great.
The fund's top 5 holdings are in Indian Railway Finance Corporation Ltd., Housing & Urban Development Corporation Ltd., National Bank For Agriculture & Rural Development, HDFC Bank Ltd., ICICI Bank Ltd..

...

Fund AUM	3,354 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Amar Kalkundrikar

Mr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School. Prior to joining Nippon India Mutual Fund, he has worked with HDFC Asset Management Company Limited where he has handled multiple roles in Investment – Equity function such as Portfolio Management for PMS business, & performing Equity research in various sectors such as Consumer Staples, Consumer Discretionary, Retail, Construction Materials.

Shobhit Mehrotra

He is an MBA from Clemson University, USA. Prior to joining HDFC AMC he has worked with Franklin Templeton AMC, and ICRA.

Srinivasan Ramamurthy

Mr. Ramamurthy is an engineer by qualification from Jadavpur University and has done his MBA from IIM - Calcutta. Prior to joining HDFC Asset Management Company Limited, he has worked with Mahindra Mutual Fund, IDBI Federal Life Insurance, IIFL Capital Limited, Maybank Kim Eng, Credit Suisse and KPMG Advisory.

Investment objective

The scheme seeks to generate income/capital appreciation by investing primarily in debt securities, money market instruments and moderate exposure to equities.

HDFC Mutual Fund details

No. of schemes	78 view all schemes
Total AUM	9,43,197 Cr as on Dec 31, 2025
Address	"HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate Mumbai, 400020
Email	shareholders.relations@hdfcfund.com
Phone	022 ? 66316333

More funds from HDFC Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
HDFC Balanced Advantage Fund	N.A.	1,08,205 Cr	7.99%	17.49%
HDFC Multi-Asset Active FoF	N.A.	5,409 Cr	13.4%	N.A.
HDFC Retirement Savings Fund - Hybrid Equity Plan	N.A.	1,744 Cr	5.65%	12.89%
HDFC Multi Asset Fund	N.A.	5,460 Cr	12.91%	12.79%
HDFC Hybrid Equity Fund	N.A.	24,528 Cr	5.69%	11.77%
HDFC Equity Savings Fund	N.A.	5,897 Cr	6.87%	9.72%

See all Hybrid funds from this AMC

Frequently asked questions

What is the current NAV of HDFC Hybrid Debt Fund?

The current Net Asset Value (NAV) of the HDFC Hybrid Debt Fund plan is approximately ₹82.7521 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The HDFC Hybrid Debt Fund is a 22 yrs 2 m old fund and has delivered average annual returns of 9.93% since inception.

HDFC Hybrid Debt Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
5.07%	9.44%	9.23%	9.25%	9.93%

How much does this mutual fund charge as expense ratio?

The HDFC Hybrid Debt Fund has an expense ratio of 1.76%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The HDFC Hybrid Debt Fund currently has assets under management (AUM) or fund size valued at approximately 3,354 Cr as on Dec 31, 2025.

What are the top stock holdings of HDFC Hybrid Debt Fund?

The HDFC Hybrid Debt Fund's equity portion has been invested in the stocks of the following companies

Company	Percentage of Portfolio
HDFC Bank Ltd.	2.07%
ICICI Bank Ltd.	2.0%
State Bank of India	1.46%
Axis Bank Ltd.	1.24%
Reliance Industries Ltd.	1.17%
Larsen & Toubro Ltd.	0.85%
Infosys Ltd.	0.78%
Sun Pharmaceutical Industries Ltd.	0.77%
Bharti Airtel Ltd.	0.75%
Tata Consultancy Services Ltd.	0.72%

What are the top sectors HDFC Hybrid Debt Fund has invested in?

The HDFC Hybrid Debt Fund's equity portion is primarily invested in the following sectors -

Sector	Percentage of Portfolio
Financial	8.05%
Energy	3.58%
Technology	1.98%
Healthcare	1.8%
Automobile	1.0100000000000002%
Communication	1.0%
Construction	0.85%
Consumer Staples	0.77%
Insurance	0.46%
Materials	0.36%

To whom does HDFC Hybrid Debt Fund lend to?

The top 3 debt holdings of HDFC Hybrid Debt Fund are as follows

Holding Name	Percentage of Portfolio
Indian Railway Finance Corporation Ltd.	3.96%
Housing & Urban Development Corporation Ltd.	2.3%
National Bank For Agriculture & Rural Development	2.27%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The HDFC Hybrid Debt Fund's debt portion's allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
SOV	39.04%
AAA	33.76%
AA+	3.07%

What is risk level of HDFC Hybrid Debt Fund?

This is a Conservative Hybrid fund comes with Moderately High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How can I redeem my investments in HDFC Hybrid Debt Fund?

Redeeming your investments in the HDFC Hybrid Debt Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Conservative Hybrid

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Return Outperformance: This fund has generated highest return amongst Conservative Hybrid funds in the last 10 Years.
Chance: This fund has generated a 9.21% annual return in 70% of times for investors holding for at least 5 years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load for units in excess of 15% of the investment, 1% will be charged for redemption within 1 year