DebtLong Term FundDirectIDCWModerate

HDFC Long Term Fund

Q: What is the NAV of HDFC Long Term Fund?

As of 05 Oct 2026, the NAV of HDFC Long Term Fund is ₹10.32 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has HDFC Long Term Fund delivered?

HDFC Long Term Fund has returned -0.80% over 1 year, +0.68% per year over 3 years and +0.85% 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 Long Term Fund?

HDFC Long Term Fund charges an expense ratio of 0.28% 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 Long Term Fund?

HDFC Long Term Fund's largest holdings are 7.3% GOI MAT 190653 (30.0%), 7.09% GOI MAT 050854 (19.8%), 7.36% GOI MAT 120952 (18.0%), 6.9% GOI MAT 150465 (8.2%) and 7.34% GOI MAT 220464 (7.7%). Holdings are disclosed monthly and change over time.

Q: How risky is HDFC Long Term Fund?

HDFC Long Term Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 5.4% and its worst peak-to-trough fall in our sample was -9.2%. 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 -1.08 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HDFC Long Term Fund's -1.08 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of HDFC Long Term Fund?

HDFC Long Term Fund is benchmarked against the Nifty Long Duration Debt Index – A - III. Its alpha and beta on this page are measured against that index.

Q: Who manages HDFC Long Term Fund?

HDFC Long Term Fund is managed by Amar Kalkundrikar and Gopal Agrawal at HDFC.

Q: How is HDFC Long Term Fund taxed?

HDFC Long Term 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

NAV

₹10.32

+0.02% 1D

as of 05 Oct 2026

This is the Direct plan of HDFC Long Term Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns (+5.88% 3Y CAGR)

NAV history

-1.08%absolute

52-week rangePrev NAV ₹10.32

Latest ₹10.32

Low ₹9.9454th percentile of its 52-week rangeHigh ₹10.65

Scorecard

Not rated

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. Not rated — too few comparable Debt funds (same plan and option) to rank against yet.

Performance—

Not enough Long Term Fund peers to rank yet

Risk—

Volatility 5.4% (no category average yet)

Cost—

0.3% expense (no category average yet)

ConsistencyLow

67% 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

No standout strengths identified.

Concerns

Positive in only 67% of rolling 3-year windows

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.28%

Category —

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

—

Category —

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

-1.08

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

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

None

Exit Load

None

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 Long Duration Debt Index – A - III

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.

20 Jan 2023

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

Definitions

Absolute return over the last 1 month (not annualized)

-1.03%

Absolute return over the last 3 months (not annualized)

-2.77%

Absolute return over the last 6 months (not annualized)

+3.86%

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

-0.29%

Annualized returns (≥1Y — CAGR)

Definitions

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

-0.80%

3-year annualized return (CAGR)

+0.68%

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

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.

+0.85%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

5.37%

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

-1.08

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

-1.28

Largest peak-to-trough decline over full history

-9.16%

Benchmark ratios

Not shown for Long Term 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 (Long Term Fund)

Period	Fund	Category avg.	Diff
1M abs	-1.03%	—	—
3M abs	-2.77%	—	—
6M abs	+3.86%	—	—
1Y CAGR	-0.80%	—	—
3Y CAGR	+0.68%	—	—
5Y CAGR	—	—	—

Category average across peers in Long Term Fund, 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.

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

₹3.60L

Current value

₹3.57L

Absolute

-0.91%

XIRR

-0.62%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into HDFC Long Term 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	-0.29%
2025	+0.23%
2024	+1.79%
2023part	+1.42%

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.

History points

895

Expense ratio

0.28%

YTM

7.69%

Macaulay duration

11.76 years

Average maturity

28.56 years

Exit load

Nil

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 · Long Term Fund

Compare all


HDFC Long Term FundThis fund HDFC · Direct · IDCW	—	-0.80%	+0.68%	—	—	0.28%	—
SBI Long Term Fund SBI · Direct · IDCW	—	+1.22%	+6.12%	—	—	0.32%	—
Nippon India Nivesh Lakshya Long Term Fund Nippon India · Direct · IDCW	—	+0.40%	+5.87%	+5.40%	—	0.33%	—
Axis Long Term Fund Axis · Direct · Annual IDCW	—	+0.78%	+5.56%	—	—	0.33%	—
UTI Long Term Fund UTI · Direct · Quarterly IDCW	—	+0.65%	+5.40%	—	—	0.09%	—
UTI Long Term Fund UTI · Direct · Half-Yearly IDCW	—	+0.65%	+5.40%	—	—	0.09%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt97.43%
Cash & Equivalents1.97%
Other0.60%

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.

-9.2%25 Sep 2024 → 02 Apr 2026
Still below that high — 1.5 years down, and no recovery yet.

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.

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

AKAmar KalkundrikarManaging since 07 Mar 2026

Role

Fund Manager - Equities

Total experience

20 years

Education

Chartered Accountant (ICAI), CFA (CFA Institute, Charlottesville, Equity Research and VA), MBA (Joint Program from London and Columbia Business School)

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 →

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

Gopal Agrawal

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 Debt funds

Debt funds lend to governments and companies and earn interest. They're generally steadier than equity funds and are used for shorter horizons and stability.

Frequently asked questions

What is the NAV of HDFC Long Term Fund?

As of 05 Oct 2026, the NAV of HDFC Long Term Fund is ₹10.32 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has HDFC Long Term Fund delivered?

HDFC Long Term Fund has returned -0.80% over 1 year, +0.68% per year over 3 years and +0.85% 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 Long Term Fund?

HDFC Long Term Fund charges an expense ratio of 0.28% 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 Long Term Fund?

HDFC Long Term Fund's largest holdings are 7.3% GOI MAT 190653 (30.0%), 7.09% GOI MAT 050854 (19.8%), 7.36% GOI MAT 120952 (18.0%), 6.9% GOI MAT 150465 (8.2%) and 7.34% GOI MAT 220464 (7.7%). Holdings are disclosed monthly and change over time.

How risky is HDFC Long Term Fund?

HDFC Long Term Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 5.4% and its worst peak-to-trough fall in our sample was -9.2%. 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 -1.08 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HDFC Long Term Fund's -1.08 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of HDFC Long Term Fund?

HDFC Long Term Fund is benchmarked against the Nifty Long Duration Debt Index – A - III. Its alpha and beta on this page are measured against that index.

Who manages HDFC Long Term Fund?

HDFC Long Term Fund is managed by Amar Kalkundrikar and Gopal Agrawal at HDFC.

How is HDFC Long Term Fund taxed?

HDFC Long Term 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.