HDFC Income Direct Plan-Growth

Q: What are the returns of HDFC Income Fund?

The HDFC Income Fund is a 12 yrs 5 m old fund and has delivered average annual returns of 7.5% since inception. HDFC Income Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 11.05% 9.13% 6.58% 7.28% 7.5%

NAV as of Jun 05, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹65.0936+0.02% 1 day change	7.5% p.a.	#NA View Ranked Funds	₹885 Crs

Historical NAV & returns

NAV: ₹65.0936 as on Jun 05, 2025

This fund Category average

HDFC Income Fund overview

Expense ratio	0.8% as on May 31, 2025
Exit load	0% Exit load of 0.50% if redeemed within 6 months!
AUM (Fund size)	₹885 Crs
Lock-in	No Lockin
Age	12 yrs 5 m since Jan 01, 2013
Benchmark	CRISIL Medium to Long Duration Debt A-III Index
Min. investment	SIP ₹100 & Lump. ₹100
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

HDFC Income 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 Jun 06, 2025

Period	This fund	Category average
1 Month	0.82%	0.78%
3 Months	4.63%	4.1%
6 Months	6.11%	5.6%
1 Year	11.05%	10.55%
2 Years	8.87%	8.66%
3 Years	9.13%	8.71%
4 Years	6.77%	6.94%
5 Years	6.58%	6.78%
7 Years	7.44%	7.6%
10 Years	7.28%	7.49%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

SOV 77.8%

AAA 15.31%

Cash & Call Money 6.19%

Others 0.27%

Top Debt Holdings

GOI 75.96%

NTPC Ltd. 2.95%

Bajaj Housing Finance Ltd. 2.84%

IndiGrid Infrastructure Trust 2.6%

Allocation by Instruments

GOI Securities 75.96000000000001%

Non Convertible Debenture 5.76%

Debenture 5.550000000000001%

Repo 4.05%

Other Holdings

Others 2.14%

Embassy Office Parks REIT 0.43%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
HDFC Income Fund	N.A.	₹885 Crs	12 yrs 5 m	0.8%
Axis Income Plus Arbitrage Active FoF	N.A.	₹151 Crs	5 yrs 4 m	0.05%
Nippon India Income Fund	N.A.	₹400 Crs	12 yrs 5 m	0.67%
SBI Magnum Income Fund	N.A.	₹1,855 Crs	12 yrs 5 m	0.77%
ICICI Prudential Bond Fund	N.A.	₹2,858 Crs	12 yrs 5 m	0.62%
LIC MF Medium to Long Duration Fund	N.A.	₹191 Crs	12 yrs 5 m	0.21%

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Income Fund	0.82%	6.11%	11.05%	9.13%	6.58%	7.28%
Axis Income Plus Arbitrage Active FoF	0.79%	5.23%	10.14%	8.39%	7.2%	3.9%
Nippon India Income Fund	0.47%	5.46%	10.31%	9.12%	6.69%	8.22%
SBI Magnum Income Fund	0.9%	5.8%	10.8%	9.1%	7.33%	8.58%
ICICI Prudential Bond Fund	0.92%	5.99%	11.21%	9.38%	7.25%	8.16%
LIC MF Medium to Long Duration Fund	1.14%	6.45%	12.12%	9.54%	6.37%	7.27%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Income Fund	2.11	1.55	1.1	2.07
Axis Income Plus Arbitrage Active FoF	1.86	N.A.	0.94	1.62
Nippon India Income Fund	2.06	1.42	1.17	2.15
SBI Magnum Income Fund	1.65	1.16	1.4	2.87
ICICI Prudential Bond Fund	1.63	1.12	1.57	3.26
LIC MF Medium to Long Duration Fund	2.14	1.49	1.3	2.2

View all Medium To Long Duration funds

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

Alpha	0.25 vs. 2.42 Underperformed at beating benchmark
Sharpe	1.1 vs. 2.49 Poor risk-adjusted returns
Beta	1.55 vs. 1.51 More sensitive to market's ups & downs
Standard deviation	2.11 vs. 1.68 More volatile performance

Compare HDFC Income Fund in detail with

About this fund

About HDFC Income Fund

HDFC Income Direct Plan-Growth is a Medium to Long Duration mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 12 yrs 5 m, having been launched on 01/01/2013. HDFC Income Direct Plan-Growth has ₹885 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Income Direct Plan-Growth as of 05/06/2025 is ₹65.09. The fund has an expense ratio of 0.8%, which is higher than what most other Medium To Long Duration funds charge.

HDFC Income Direct Plan-Growth returns of last 1-year are 11.27%. Since launch, it has delivered 7.51% average annual returns. The fund has doubled the money invested in it every 10 yrs.
HDFC Income Direct Plan-Growth 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 credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in GOI, NTPC Ltd., Bajaj Housing Finance Ltd., IndiGrid Infrastructure Trust, National Bank For Agriculture & Rural Development.

...

Fund AUM	₹885 Crs as on Mar 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.

Investment objective

The scheme seeks to generate income / capital appreciation through investments in debt and money market instruments.

HDFC Mutual Fund details

No. of schemes	75 view all schemes
Total AUM	₹7,80,967 Crs as on Mar 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 (in Crs.)	1Y	3Y
HDFC Income Plus Arbitrage Active FoF	N.A.	₹70 Crs	5.66%	15.65%
HDFC Gilt Fund	N.A.	₹2,907 Crs	11.45%	9.02%
HDFC Dynamic Debt Fund	N.A.	₹778 Crs	10.79%	8.96%
HDFC Medium Term Debt Fund	N.A.	₹3,861 Crs	10.42%	8.64%
HDFC Corporate Bond Fund	N.A.	₹32,527 Crs	10.46%	8.59%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of HDFC Income Fund?

The current Net Asset Value (NAV) of the HDFC Income Fund - Direct Growth plan is approximately ₹65.0936 as of Jun 05, 2025.

What are the returns of this mutual fund scheme?

The HDFC Income Fund is a 12 yrs 5 m old fund and has delivered average annual returns of 7.5% since inception.

HDFC Income Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
11.05%	9.13%	6.58%	7.28%	7.5%

How much does this mutual fund charge as expense ratio?

The HDFC Income Fund - Direct Growth has an expense ratio of 0.8%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

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

The HDFC Income Fund currently has assets under management (AUM) or fund size valued at approximately ₹885 Crs crore as of Mar 31, 2025.

To whom does HDFC Income Fund lend to?

The top 3 debt holdings of HDFC Income Fund are as follows

Holding Name	Percentage of Portfolio
GOI	75.96%
NTPC Ltd.	2.95%
Bajaj Housing Finance Ltd.	2.84%

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 Income Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
SOV	77.8%
AAA	15.31%
Cash & Call Money	6.19%

What is risk level of HDFC Income Fund?

This is a Medium To Long Duration fund comes with Moderate risk.

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

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

How do I invest in HDFC Income Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for HDFC Income Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in HDFC Income Fund is complete.

How can I redeem my investments in HDFC Income Fund?

Redeeming your investments in HDFC Income Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

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

ET Money rank

in Medium to Long Duration

#NA

Return Outperformance: This fund has generated highest return amongst Medium to Long Duration funds in the last 5 Years.
Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.