HDFC Income Fund - Direct Plan - Normal
HDFC Mutual Fund · Best Medium to Long Duration Mutual Funds
NAV history
Scorecard
★★★★☆4/5 vs 30 Medium to Long Duration 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 Medium to Long Duration Fund (same plan and option).
3Y CAGR +7.17% · ranks 8 of 30 Medium to Long Duration Funds
Volatility 2.3% vs 3.5% category avg
Expense ratio not available yet
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
- Ahead of the Medium to Long Duration Fund average on 3M/6M/1Y — 1Y by 2.36pp
- 3-year return (+7.17%) beats the Medium to Long Duration Fund average (+3.91%)
- 5-year return (+6.06%) beats the Medium to Long Duration Fund average (+3.81%)
- Ranks #3 of 30 on 1-year return in its Medium to Long Duration Fund cohort
- Less volatile than its Medium to Long Duration Fund peers (2.3% vs 3.5%)
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark ratios
Not shown for Medium to Long Duration 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 (Medium to Long Duration Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.30% | +0.26% | +0.04% |
| 3M abs | +3.44% | +2.46% | +0.98% |
| 6M abs | +3.23% | +1.79% | +1.44% |
| 1Y CAGR | +5.36% | +3.00% | +2.36% |
| 3Y CAGR | +7.17% | +3.91% | +3.26% |
| 5Y CAGR | +6.06% | +3.81% | +2.25% |
Category average across peers in Medium to Long Duration Fund (up to 30 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 30 peers in Medium to Long Duration Fund
Rolling returns
Return for every possible 1Y holding period, not just today’s
129 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.
- -6.0%24 Nov 2016 → 10 Mar 2017
Fell over 3 months, back to the old high on 01 Sep 2017 — 6 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 | +3.54% | |
| 2025 | +6.14% | |
| 2024 | +9.33% | |
| 2023 | +7.37% | |
| 2022 | +2.46% | |
| 2021 | +3.22% | |
| 2020 | +9.86% | |
| 2019 | +9.24% | |
| 2018 | +4.12% | |
| 2017 | +1.96% |
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 · AMFIAt or near its largest, ₹2.60Cr 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.
60 monthly installments of ₹10,000 into HDFC Income Fund - Direct Plan - Normal, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Taxation
Taxed as debtThis 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.
Your income-tax slab — no LTCG or indexation benefit
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.
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.
Gold ETF Inflow Curbs Lifted: HDFC, Axis, And Tata Mutual Funds Reopen Subscriptions
Outlook Money · 3h ago
HDFC Mutual Fund reduces Cyient stake by 2.39% to 2.95%
scanx.trade · 5h ago
News by CNBC TV18 on TradingView, 2026-08-20 — cnbctv:36b32abb2094b:0
TradingView · 17h ago
MF Tracker: HDFC Mid Cap Fund delivers 20% in 5-years. Can the largest midcap fund sustain performance?
The Economic Times · 1d ago
Pidilite Industries to hold analyst meet with HDFC Mutual Fund in Mumbai
scanx.trade · 1d ago
Nationwide Naari Nivesh Yatra Unveiled By HDFC MF
fintechbiznews.com · 2d ago
NFO Alert: Invesco Mutual Fund announces launch of pharma and healthcare fund
The Economic Times · 3d ago
BSE, RIL, Paytm among stocks bought and sold by HDFC Mutual Fund in July
The Economic Times · 3d ago
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 Debt funds
Debt funds lend money to governments and companies and earn interest. They're generally steadier than equity funds; their risk comes from interest-rate moves and, for some, the creditworthiness of borrowers.
Frequently asked questions
What is the NAV of HDFC Income Fund - Direct Plan - Normal?
As of 20 Aug 2026, the NAV of HDFC Income Fund - Direct Plan - Normal is ₹21.39 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has HDFC Income Fund - Direct Plan - Normal delivered?
HDFC Income Fund - Direct Plan - Normal has returned +5.36% over 1 year, +7.17% per year over 3 years, +6.06% per year over 5 years and +6.73% 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.
How risky is HDFC Income Fund - Direct Plan - Normal?
It is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.3% and its worst peak-to-trough fall in our sample was -6.0%. 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 0.28 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HDFC Income Fund - Direct Plan - Normal's 0.28 means it has rewarded its volatility with excess return. Higher is better.
How is HDFC Income Fund - Direct Plan - Normal taxed?
HDFC Income Fund - Direct Plan - Normal 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.