HDFC Short Term Debt Fund Direct Plan-Growth

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

The HDFC Short Term Debt Fund Direct Plan-Growth is a 12 yrs 9 m old fund and has delivered average annual returns of 8.11% since inception. HDFC Short Term Debt Fund Direct Plan-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 8.53% 8.28% 6.6% 7.72% 8.11%

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹33.8137+0.05% 1 day change	8.11% p.a.	App exclusive #NA View Ranked Funds	₹17,622 Cr

Historical NAV & returns

NAV: ₹33.8137 as on Oct 20, 2025

This fund Category average

HDFC Short Term Debt Fund overview

Expense ratio	0.4% as on Sep 30, 2025
Exit load	0%
AUM (Fund size)	₹17,622 Cr
Lock-in Period	Nil
Age	12 yrs 9 m since Jan 01, 2013
Benchmark	CRISIL Short Duration Debt A-II Index
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

HDFC Short Term 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 Oct 25, 2025

Period	This fund	Category average
1 Month	0.75%	0.68%
3 Months	1.4%	1.35%
6 Months	3.46%	3.38%
1 Year	8.53%	8.6%
2 Years	8.7%	8.63%
3 Years	8.28%	8.25%
4 Years	6.98%	7.12%
5 Years	6.6%	6.75%
7 Years	7.84%	7.37%
10 Years	7.72%	7.41%

Asset allocationas on Sep 30, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AAA 67.84%

SOV 15.37%

AA 7.9%

AA+ 4.93%

Top Debt Holdings

National Bank For Agriculture & Rural Development 4.47%

Aditya Birla Renewables Ltd. 2.51%

Pipeline Infrastructure (India) Pvt. Ltd. 2.32%

LIC Housing Finance Ltd. 2.2%

Allocation by Instruments

Debenture 42.31999999999999%

Non Convertible Debenture 16.439999999999998%

GOI Securities 12.91%

Bonds 11.949999999999998%

Other Holdings

Others 1.92%

Detailed portfolio analysis

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

Alpha	5.66 vs. 4.78 Higher outperformance against benchmark
Sharpe	1.72 vs. 4.39 Poor risk-adjusted returns
Beta	2.28 vs. 2.43 Less sensitive to market ups & downs
Standard deviation	0.91 vs. 1.0 More stable returns

Compare HDFC Short Term Debt Fund in detail with

About this fund

About HDFC Short Term Debt Fund

HDFC Short Term Debt Fund Direct Plan-Growth is a Short Duration mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 12 yrs 9 m, having been launched on 01/01/2013. HDFC Short Term Debt Fund Direct Plan-Growth has ₹17,622 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Short Term Debt Fund Direct Plan-Growth as of 20/10/2025 is ₹33.81. The fund has an expense ratio of 0.4%, which is close to what most other Short Duration funds charge.

HDFC Short Term Debt Fund Direct Plan-Growth returns of last 1-year are 8.57%. Since launch, it has delivered 8.11% average annual returns. The fund has doubled the money invested in it every 10 yrs.
HDFC Short Term Debt Fund 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 above average.
The fund's credit profile is high indicating it has lent to borrowers whose quality is great. 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 National Bank For Agriculture & Rural Development, Aditya Birla Renewables Ltd., Pipeline Infrastructure (India) Pvt. Ltd., LIC Housing Finance Ltd., JTPM Metal Traders Ltd..

...

Fund AUM	17,622 Cr as on Sep 30, 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.

Anil Bamboli

Mr. 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.

Investment objective

The scheme seeks to generate regular income through investment in debt securities and money market instruments.

HDFC Mutual Fund details

No. of schemes	78 view all schemes
Total AUM	8,93,028 Cr as on Sep 30, 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	3Y
HDFC Income Plus Arbitrage Active FoF	N.A.	1,725 Cr	2.24%	13.38%
HDFC Nifty G-Sec July 2031 Index	N.A.	677 Cr	8.96%	N.A.
HDFC Nifty G-Sec Sep 2032 Index	N.A.	654 Cr	8.65%	N.A.
HDFC Medium Term Debt Fund	N.A.	3,842 Cr	8.49%	8.41%
HDFC Credit Risk Debt Fund	N.A.	6,918 Cr	8.69%	8.39%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of HDFC Short Term Debt Fund Direct Plan-Growth?

The current Net Asset Value (NAV) of the HDFC Short Term Debt Fund - Direct Growth plan is approximately ₹33.8137 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The HDFC Short Term Debt Fund Direct Plan-Growth is a 12 yrs 9 m old fund and has delivered average annual returns of 8.11% since inception.

HDFC Short Term Debt Fund Direct Plan-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
8.53%	8.28%	6.6%	7.72%	8.11%

How much does this mutual fund charge as expense ratio?

The HDFC Short Term Debt Fund - Direct Growth has an expense ratio of 0.4%, 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 Short Term Debt Fund currently has assets under management (AUM) or fund size valued at approximately 17,622 Cr as on Sep 30, 2025.

To whom does HDFC Short Term Debt Fund lend to?

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

Holding Name	Percentage of Portfolio
National Bank For Agriculture & Rural Development	4.47%
Aditya Birla Renewables Ltd.	2.51%
Pipeline Infrastructure (India) Pvt. Ltd.	2.32%

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 Short Term Debt Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	67.84%
SOV	15.37%
AA	7.9%

What is risk level of HDFC Short Term Debt Fund?

This is a Short 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 Short Term Debt Fund Direct Plan-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

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 Short Term Debt Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the HDFC Short Term Debt Fund is complete.

How can I redeem my investments in HDFC Short Term Debt Fund?

Redeeming your investments in the HDFC Short Term 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 Short Duration

#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 Short Duration funds in the last 10 Years.
Age: This is the oldest Short Duration fund.
Exit Load: This fund has no exit load.
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.