HybridEquity SavingsDirectGrowthModerately High

HDFC Equity Savings Fund

Q: What is the NAV of HDFC Equity Savings Fund?

As of 05 Oct 2026, the NAV of HDFC Equity Savings Fund is ₹75.42 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has HDFC Equity Savings Fund delivered?

HDFC Equity Savings Fund has returned +1.13% over 1 year, +7.92% per year over 3 years, +7.79% per year over 5 years and +9.72% 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 Equity Savings Fund?

HDFC Equity Savings Fund charges an expense ratio of 1.27% 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 Equity Savings Fund?

HDFC Equity Savings Fund's largest holdings are HDFC Bank Ltd. (6.7%), Reliance Industries Ltd. (5.4%), NTPC Limited (3.6%), Titan Company Ltd. (3.4%) and Larsen and Toubro Ltd. (3.1%). Holdings are disclosed monthly and change over time.

Q: How risky is HDFC Equity Savings Fund?

HDFC Equity Savings Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.7% and its worst peak-to-trough fall in our sample was -17.0%. 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 0.30 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HDFC Equity Savings Fund's 0.30 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of HDFC Equity Savings Fund?

HDFC Equity Savings Fund is benchmarked against the NIFTY Equity Savings Index. Its alpha and beta on this page are measured against that index.

Q: Who manages HDFC Equity Savings Fund?

HDFC Equity Savings Fund is managed by Anand Laddha, Anil Bamboli, Nandita Menezes, Arun Agarwal, Gopal Agrawal and Bhagyesh Kagalkar at HDFC.

Q: How is HDFC Equity Savings Fund taxed?

HDFC Equity Savings Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

HDFC Mutual Fund · Best Equity Savings Mutual Funds

NAV

₹75.42

+0.18% 1D

as of 05 Oct 2026

This is the Direct plan of HDFC Equity Savings Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

NAV history

+0.97%absolute

52-week rangePrev NAV ₹75.28

Latest ₹75.42

Low ₹73.1751st percentile of its 52-week rangeHigh ₹77.59

Scorecard

★★★☆☆3/5 vs 20 of 22 Equity Savings 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 Equity Savings (same plan and option). 20 of the 22 Equity Savings funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +7.92% · ranks 12 of 20 Equity Savings funds

RiskModerate

Volatility 4.7% vs 4.5% category avg

CostAverage

1.3% expense vs 1.3% 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

Consistent — positive in 100% of rolling 3-year windows

Concerns

Trails the Equity Savings average on 1M/3M/6M/1Y — 1Y by 2.28pp
Ranks #21 of 23 on 1-year return in its Equity Savings cohort
Weaker risk-adjusted returns — Sharpe 0.30 below the Equity Savings average of 0.38

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.27%

Category 1.31%▼0.04%

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

19.33

Category 18.78▲0.55

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

0.30

Category 0.38▼0.08

Scheme Info

Definitions

Plan

Direct · Growth

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

None

In respect of each purchase /switch-in of Units, upto 15% ofthe units may be redeemedwithout any exit load from thedate of allotment. However,please note that the Units will beredeemed on First In First Out(FIFO) basis.• Any redemption in excess of theabove limit shall be subject to thefollowing exit load:- Exit Load of 1.00% is payable if Units are redeemed /switched-out within 1 month from the date of allotment ofunits.• No Exit Load is payable if Units are redeemed / switched-out after 1 month from the date ofallotment.

Up to 1.00%

tiered — see the full terms

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

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹100

NIFTY Equity Savings Index

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.

01 Jan 2013

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

Definitions

Absolute return over the last 1 month (not annualized)

-1.93%

Absolute return over the last 3 months (not annualized)

-1.26%

Absolute return over the last 6 months (not annualized)

+2.59%

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

-1.15%

Annualized returns (≥1Y — CAGR)

Definitions

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

+1.13%

3-year annualized return (CAGR)

+7.92%

5-year annualized return (CAGR)

+7.79%

10-year annualized return (CAGR)

+9.25%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+9.72%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

4.73%

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

0.30

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

0.41

Largest peak-to-trough decline over full history

-16.95%

Benchmark ratios

Not shown for Equity Savings — 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 (Equity Savings)

Period	Fund	Category avg.	Diff
1M abs	-1.93%	-1.25%	-0.68%
3M abs	-1.26%	-0.29%	-0.97%
6M abs	+2.59%	+4.37%	-1.78%
1Y CAGR	+1.13%	+3.41%	-2.28%
3Y CAGR	+7.92%	+8.41%	-0.49%
5Y CAGR	+7.79%	+7.53%	+0.26%

Category average across peers in Equity Savings (up to 22 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 22 peers in Equity Savings

1Y return

+1.13%

Beats 9.1% · rank #21

3Y return

+7.92%

Beats 42.1% · rank #12

5Y return

+7.79%

Beats 56.3% · rank #8

Sharpe

0.30

Beats 36.8% · rank #13

Sortino

0.41

Beats 36.8% · rank #13

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

₹7.13L

Absolute

+18.86%

XIRR

+7.07%

Value vs. invested

ValueInvested

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

Calendar-year returns

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

Year	Fund
2026part	-1.15%
2025	+7.84%
2024	+11.33%
2023	+14.83%
2022	+6.98%
2021	+17.74%
2020	+9.60%
2019	+6.68%
2018	+2.60%
2017	+18.30%

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.

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Fund manager change — now managed by Anand Laddha, Bhagyesh Kagalkar; Srinivasan Ramamurthy stepped away
21 Sep 2026

History points

3,370

Expense ratio

1.27%

AUM

₹5,682Cr

Portfolio turnover

30%

Exit load

In respect of each purchase /switch-in of Units, upto 15% ofthe units may be redeemedwithout any exit load from thedate of allotment. However, please note that the Units will beredeemed on First In First Out(FIFO) basis.• Any redemption in excess of theabove limit shall be subject to thefollowing exit load:- Exit Load of 1.00% is payable if Units are redeemed /switched-out within 1 month from the date of allotment ofunits.• No Exit Load is payable if Units are redeemed / switched-out after 1 month from the date ofallotment.

P/E ratio

19.3

P/B ratio

4.0

Avg market cap

₹5,75,122Cr

P/E & P/B are portfolio-weighted harmonic means across 60 of 68 equity holdings (63% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

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 · Equity Savings

Compare all


HDFC Equity Savings FundThis fund HDFC · Direct · Growth	★★★☆☆	+1.13%	+7.92%	+7.79%	19.33	1.27%	₹5,682Cr
HSBC Equity Savings Fund HSBC · Direct · Growth	★★★★☆	+7.14%	+12.51%	—	19.51	1.41%	₹964.84Cr
Edelweiss Equity Savings Fund Edelweiss · Direct · Growth	★★★★★	+7.24%	+11.04%	+9.40%	15.90	1.14%	₹1,344Cr
Kotak Equity Savings Fund Kotak Mahindra · Direct · Growth	★★★☆☆	+2.81%	+9.76%	+9.69%	17.08	1.07%	₹9,931Cr
Mirae Asset Equity Savings Fund Mirae Asset · Direct · Growth	★★★★☆	+4.10%	+9.71%	+8.68%	20.83	0.73%	₹1,936Cr
Mahindra Manulife Equity Savings Fund Mahindra Manulife · Direct · Growth	★★★★☆	+4.22%	+9.10%	+8.26%	19.22	1.27%	₹528.21Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap88.9%
Mid cap5.2%
Small cap5.9%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity65.59%
Debt25.76%
Cash & Equivalents6.38%
Real Estate / REITs2.27%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Baroda BNP Paribas Nifty 50 Index Fund Baroda BNP Paribas · Index Funds	68.9%	★☆☆☆☆	0.48%	—
360 ONE ELSS Tax Saver Nifty 50 Index Fund 360 One · Index Funds	68.8%	★★☆☆☆	0.37%	+5.84%
LIC MF Nifty 50 Index Fund LIC · Index Funds	68.7%	★★☆☆☆	0.56%	+5.70%
Navi Nifty 50 Index Fund Navi · Index Funds	68.7%	★★★☆☆	0.10%	+5.95%
Zerodha Nifty 50 ETF Zerodha · Other ETFs	68.7%	—	0.06%	—
Bandhan Nifty 50 Index Fund Bandhan · Index Funds	68.7%	★★★☆☆	0.16%	+5.91%
Nippon India Index Fund - Nifty 50 Nippon India · Index Funds	68.7%	★★★☆☆	0.13%	+5.93%
HDFC Nifty 50 Index Fund HDFC · Index Funds	68.7%	★★★☆☆	0.29%	+5.84%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

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.

-16.9%14 Jan 2020 → 23 Mar 2020
Fell over 2 months, back to the old high on 06 Nov 2020 — 7 months under water after the low.
-6.6%01 Jan 2016 → 12 Feb 2016
Fell over 42 days, back to the old high on 12 Apr 2016 — 2 months under water after the low.
-5.3%06 Apr 2022 → 20 Jun 2022
Fell over 2 months, back to the old high on 08 Aug 2022 — 2 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.

Fund size over time

Quarterly average AUM · AMFI

₹5,682Cr

April - June 2026

-2%

since January - March 2026

−₹29.43Cr

est. net flow, last quarter

At or near its largest, ₹5,823Cr 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.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

HDFC Mutual Fund is run by HDFC Asset Management, part of the HDFC Bank group and listed on the exchanges since 2018. It has been in business since 1999, absorbed Zurich India's schemes in 2003, and is consistently among the two or three largest fund houses by assets.

Launched

09 Dec 1999

Total AUM

₹9,35,100Cr+0.8% QoQ

Avg AUM · April - June 2026

Website

hdfcfund.com

Fund Managers

ALAnand LaddhaManaging since 11 Sep 2026

Education

• B.Com., • Chartered Accountant, ICAI

Experience

Collectively over 22 years experience in Equity & Derivative Research and Sales • February 2006 till Date: HDFC Asset Management Company Limited

Funds managed (2)

All schemes Anand Laddha runs →

ABAnil BamboliManaging since 17 Sep 2004

Role

Senior Fund Manager - Fixed Income

Education

• B. Com, Grad • CWA, • MMS (Finance), • CFA (CFA Institute)

Experience

Collectively over 31 years experience in Fund Management and Research, Fixed Income dealing • July 25, 2003 till Date: HDFC Asset Management Company Limited

Funds managed (12)

All schemes Anil Bamboli runs →

NMNandita MenezesManaging since 29 Mar 2025

Education

• B.Com (University of Mumbai)

Experience

Collectively over 3 years’ experience in Equity Dealing and auditing • December 29, 2021 till Date: HDFC Asset Management Company Limited • April 26, 2020 till March 5, 2021: S.R. Batliboi & Co LLP Last Position held: Executive - Assurance

Funds managed (29)

All schemes Nandita Menezes runs →

AAArun AgarwalManaging since 24 Aug 2020

Education

• B.Com • Chartered Accountant

Experience

Collectively over 27 years’ experience in equity, debt and derivative dealing, fund management, internal audit and treasury operations. • September 16, 2010 till Date: HDFC Asset Management Company Limited

Funds managed (43)

All schemes Arun Agarwal runs →

GAGopal AgrawalManaging since 01 Sep 2026

Education

• B.E., • MBM • B.E (Jadavpur University)

Experience

Collectively over 22 years experience in Fund Management and 2.5 years in Equity Research • July 9, 2020 till Date: HDFC Asset Management Company Limited • July 23, 2018 till June 30, 2020: DSP Investment Managers Private Limited Last Position Held: Senior Fund Manager and Head-Macro strategy • April 03, 2017 till July 16, 2018: TATA Asset Management Company Limited Last Position Held: CIO-Equity • October 01, 2007 till March 31, 2017: Mirae Asset Global Investments (India) Pvt. Ltd.. Last Position Held: CIO-Equity and Chief Strategist

Funds managed (3)

All schemes Gopal Agrawal runs →

BKBhagyesh KagalkarManaging since 26 Aug 2026

Education

• B.E (Production) Collectively • MMS (Finance)

Experience

over 31 years experience in Equity Research, investments and Finance • January 3, 2007 till Date: HDFC Asset Management Company Limited

Funds managed (20)

All schemes Bhagyesh Kagalkar runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Anand Laddha Anil Bamboli Nandita Menezes Arun Agarwal Gopal Agrawal Bhagyesh Kagalkar

Top holdings

HDFC Bank Ltd.Reliance Industries Ltd.NTPC Limited Titan Company Ltd.Larsen and Toubro Ltd.ICICI Bank Ltd.Sun Pharmaceutical Industries Ltd.Mahindra & Mahindra Ltd.Maruti Suzuki India Limited Bajaj Finance Ltd.Tata Consultancy Services Ltd.Bharti Airtel Ltd.

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 Equity Savings funds

Equity savings funds split money across equity, arbitrage and debt. The hedged portion lowers risk, so they sit between hybrid and debt funds on the risk ladder while keeping equity taxation.

Frequently asked questions

What is the NAV of HDFC Equity Savings Fund?

As of 05 Oct 2026, the NAV of HDFC Equity Savings Fund is ₹75.42 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has HDFC Equity Savings Fund delivered?

HDFC Equity Savings Fund has returned +1.13% over 1 year, +7.92% per year over 3 years, +7.79% per year over 5 years and +9.72% 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 Equity Savings Fund?

HDFC Equity Savings Fund charges an expense ratio of 1.27% 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 Equity Savings Fund?

HDFC Equity Savings Fund's largest holdings are HDFC Bank Ltd. (6.7%), Reliance Industries Ltd. (5.4%), NTPC Limited (3.6%), Titan Company Ltd. (3.4%) and Larsen and Toubro Ltd. (3.1%). Holdings are disclosed monthly and change over time.

How risky is HDFC Equity Savings Fund?

HDFC Equity Savings Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.7% and its worst peak-to-trough fall in our sample was -17.0%. 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 0.30 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HDFC Equity Savings Fund's 0.30 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of HDFC Equity Savings Fund?

HDFC Equity Savings Fund is benchmarked against the NIFTY Equity Savings Index. Its alpha and beta on this page are measured against that index.

Who manages HDFC Equity Savings Fund?

HDFC Equity Savings Fund is managed by Anand Laddha, Anil Bamboli, Nandita Menezes, Arun Agarwal, Gopal Agrawal and Bhagyesh Kagalkar at HDFC.

How is HDFC Equity Savings Fund taxed?

HDFC Equity Savings Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.