HybridConservative Hybrid FundRegularGrowthModerately High

HDFC Hybrid Debt Fund

Q: What is the NAV of HDFC Hybrid Debt Fund?

As of 20 Aug 2026, the NAV of HDFC Hybrid Debt Fund is ₹84.01 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has HDFC Hybrid Debt Fund delivered?

HDFC Hybrid Debt Fund has returned +2.71% over 1 year, +7.52% per year over 3 years, +7.93% per year over 5 years and +9.30% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of HDFC Hybrid Debt Fund?

HDFC Hybrid Debt Fund charges an expense ratio of 1.69% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of HDFC Hybrid Debt Fund?

Its largest holdings are GOVERNMENT OF INDIA 34238 GOI 22AP64 7.34 FV RS 100 (4.2%), GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100 (3.9%), GOI Sec 7.23 15/04/2039 (3.1%), GOVERNMENT OF INDIA 34733 GOI 05AG54 7.09 FV RS 100 (3.0%) and INDIAN RAILWAY FINANCE CORPORATION LIMITED SERIES 134 8.30 LOA 25MR29 FVRS10LAC (2.5%). Holdings are disclosed monthly and change over time.

Q: How risky is HDFC Hybrid Debt Fund?

It is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 3.7% and its worst peak-to-trough fall in our sample was -17.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.27 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HDFC Hybrid Debt Fund's 0.27 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of HDFC Hybrid Debt Fund?

HDFC Hybrid Debt Fund is benchmarked against the NIFTY 50 Hybrid Composite Debt 15:85 Conservative Index. Its alpha and beta on this page are measured against that index.

Q: Who manages HDFC Hybrid Debt Fund?

HDFC Hybrid Debt Fund is managed by Dhruv Muchhal, Shobhit Mehrotra and Srinivasan Ramamurthy at HDFC.

Q: How is HDFC Hybrid Debt Fund taxed?

HDFC Hybrid Debt Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

HDFC Mutual Fund · Best Conservative Hybrid Mutual Funds

NAV

₹84.01

-0.13% 1D

as of 20 Aug 2026

Compare SIP calculator

NAV history

+2.84%CAGR

52-week rangePrev NAV ₹84.12

Latest ₹84.01

Low ₹80.8786th percentile of its 52-week rangeHigh ₹84.53

Scorecard

★★★☆☆3/5 vs 16 of 15 Conservative Hybrid Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Conservative Hybrid Fund (same plan and option). 16 of the 15 Conservative Hybrid Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +7.52% · ranks 10 of 15 Conservative Hybrid Funds

RiskModerate

Volatility 3.7% vs 3.6% category avg

CostAverage

1.7% expense vs 1.8% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

5-year return (+7.93%) beats the Conservative Hybrid Fund average (+7.10%)
Consistent — positive in 100% of rolling 3-year windows

Concerns

Trails the Conservative Hybrid Fund average on 1M/6M/1Y — 1Y by 0.80pp
Ranks #12 of 15 on 1-year return in its Conservative Hybrid Fund cohort
Weaker risk-adjusted returns — Sharpe 0.27 below the Conservative Hybrid Fund average of 0.35

Key Metrics

Annual fee charged by the fund, already deducted from NAV

Category 1.76%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.27

Category 0.35▼0.08

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

Exit Load

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Smallest recurring SIP instalment the scheme accepts

Smallest one-time (lumpsum) investment the scheme accepts

Benchmark

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Apr 2006

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-0.11%

Absolute return over the last 3 months (not annualized)

+2.55%

Absolute return over the last 6 months (not annualized)

+0.39%

Absolute return since 1 Jan of this year (not annualized)

+0.49%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+2.71%

3-year annualized return (CAGR)

+7.52%

5-year annualized return (CAGR)

+7.93%

10-year annualized return (CAGR)

+7.95%

Annualized return (CAGR) since the fund's inception

+9.30%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

3.72%

Excess return per unit of total volatility (rf = 6.5%)

0.27

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.37

Largest peak-to-trough decline over full history

-17.24%

Benchmark ratios

Not shown for Conservative Hybrid Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Conservative Hybrid Fund)

Period	Fund	Category avg.	Diff
1M abs	-0.11%	+0.42%	-0.53%
3M abs	+2.55%	+2.81%	-0.26%
6M abs	+0.39%	+1.75%	-1.36%
1Y CAGR	+2.71%	+3.51%	-0.80%
3Y CAGR	+7.52%	+7.74%	-0.22%
5Y CAGR	+7.93%	+7.10%	+0.83%

Category average across peers in Conservative Hybrid Fund (up to 15 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 15 peers in Conservative Hybrid Fund

1Y return

+2.71%

Beats 26.7% · rank #12

3Y return

+7.52%

Beats 40% · rank #10

5Y return

+7.93%

Beats 71.4% · rank #5

Sharpe

0.27

Beats 40% · rank #10

Sortino

0.37

Beats 40% · rank #10

Rolling returns

Return for every possible 1Y holding period, not just today’s

Average

+9.8%

Median

+8.9%

Best

+42.3%

Worst

-13.8%

Positive periods

91.4%

233 overlapping 1Y windows, sampled monthly across the fund’s history.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-17.2%07 Jan 2008 → 27 Oct 2008
Fell over 10 months, back to the old high on 15 May 2009 — 7 months under water after the low.
-12.1%11 Feb 2020 → 23 Mar 2020
Fell over 41 days, back to the old high on 18 Aug 2020 — 5 months under water after the low.
-10.2%17 May 2013 → 19 Aug 2013
Fell over 3 months, back to the old high on 16 Jan 2014 — 5 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+0.55%
2025	+5.54%
2024	+10.47%
2023	+13.92%
2022	+6.00%
2021	+13.36%
2020	+10.17%
2019	+6.63%
2018	+0.59%
2017	+10.81%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

Fund size over time

Quarterly average AUM · AMFI

₹3,246Cr

April - June 2026

-2%

since January - March 2026

At or near its largest, ₹3,312Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.12L

Absolute

+18.67%

XIRR

+7.00%

Value vs. invested

60 monthly installments of ₹10,000 into HDFC Hybrid Debt Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

4,937

Expense ratio

AUM

Portfolio turnover

Exit load

P/E ratio

P/B ratio

Avg market cap

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Conservative Hybrid Fund

Compare all


HDFC Hybrid Debt FundThis fund HDFC	★★★☆☆	+2.71%	+7.52%	+7.93%	—	1.69%	₹3,246Cr
Parag Parikh Conservative Hybrid Fund PPFAS	★★★★★	+5.24%	+10.31%	+9.52%	—	0.66%	₹3,353Cr
HSBC Conservative Hybrid Fund HSBC	★★★☆☆	+3.25%	+8.92%	+7.27%	—	2.20%	₹145.45Cr
ICICI Prudential Regular Savings Fund ICICI Prudential	★★★★★	+3.71%	+8.73%	+8.28%	—	1.72%	₹29,481Cr
SBI Conservative Hybrid Fund SBI	★★★★☆	+5.29%	+8.51%	+8.67%	—	1.48%	₹9,722Cr
DSP Regular Savings Fund DSP	★★★★☆	+3.89%	+8.46%	+7.04%	—	1.25%	₹9,253Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap87.2%
Mid cap8.3%
Small cap4.5%

HDFC in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Conservative Hybrid funds

Conservative hybrid funds keep most of the portfolio (75–90%) in debt with a small equity slice. They aim for steadier returns than equity with a little extra growth over pure debt.

Frequently asked questions

What is the NAV of HDFC Hybrid Debt Fund?

As of 20 Aug 2026, the NAV of HDFC Hybrid Debt Fund is ₹84.01 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has HDFC Hybrid Debt Fund delivered?

HDFC Hybrid Debt Fund has returned +2.71% over 1 year, +7.52% per year over 3 years, +7.93% per year over 5 years and +9.30% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of HDFC Hybrid Debt Fund?

HDFC Hybrid Debt Fund charges an expense ratio of 1.69% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of HDFC Hybrid Debt Fund?

Its largest holdings are GOVERNMENT OF INDIA 34238 GOI 22AP64 7.34 FV RS 100 (4.2%), GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100 (3.9%), GOI Sec 7.23 15/04/2039 (3.1%), GOVERNMENT OF INDIA 34733 GOI 05AG54 7.09 FV RS 100 (3.0%) and INDIAN RAILWAY FINANCE CORPORATION LIMITED SERIES 134 8.30 LOA 25MR29 FVRS10LAC (2.5%). Holdings are disclosed monthly and change over time.

How risky is HDFC Hybrid Debt Fund?

It is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 3.7% and its worst peak-to-trough fall in our sample was -17.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.27 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HDFC Hybrid Debt Fund's 0.27 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of HDFC Hybrid Debt Fund?

HDFC Hybrid Debt Fund is benchmarked against the NIFTY 50 Hybrid Composite Debt 15:85 Conservative Index. Its alpha and beta on this page are measured against that index.

Who manages HDFC Hybrid Debt Fund?

HDFC Hybrid Debt Fund is managed by Dhruv Muchhal, Shobhit Mehrotra and Srinivasan Ramamurthy at HDFC.

How is HDFC Hybrid Debt Fund taxed?

HDFC Hybrid Debt Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.