Mutual fund · Retirement
HDFC Retirement Fund - Hybrid-Equity Plan
₹6,645 cr across 67 positions, as filed for 2026-09-30. Returns are the fund's AMFI growth-plan NAV; holdings and behavior come from its filed monthly portfolios.
Returns, against the category
Q2 FY27: −7% over 1 year against the median Retirement fund's +1%.
| Over | Quarter | 1 year | 3 years (ann.) | 5 years (ann.) |
|---|---|---|---|---|
| HDFC Retirement Fund - Hybrid-Equity Plan | −3% | −7% | +6% | +7% |
| Median Retirement fund | −2% | +1% | +7% | +7% |
+25%Q3 FY24+29%Q4 FY24+27%Q1 FY25+29%Q2 FY25+14%Q3 FY25+7%Q4 FY25+6%Q1 FY26−2%Q2 FY26+5%Q3 FY26−4%Q4 FY26−6%Q1 FY27−7%Q2 FY27
What moved the fund, last 12 filed months
Contribution = the fund's filed weight each month × that stock's price move in its own filings, in percentage points of NAV. Corporate-action months are left out.
| Stock | 12 months | Latest month |
|---|---|---|
| Axis Bank Ltd. | +0.7 pp | −0.3 pp |
| National Aluminium Co. Ltd. | +0.7 pp | 0.0 pp |
| Kotak Mahindra Bank Limited | +0.5 pp | −0.0 pp |
| State Bank of India | +0.5 pp | −0.3 pp |
| Dr. Lal Path Labs Ltd | +0.4 pp | +0.1 pp |
| Stock | 12 months | Latest month |
|---|---|---|
| HDFC Bank Ltd. | −2.1 pp | −0.0 pp |
| Infosys Limited | −1.1 pp | −0.3 pp |
| Tata Consultancy Services Ltd. | −1.0 pp | −0.3 pp |
| ITC LIMITED | −0.7 pp | +0.0 pp |
| Reliance Industries Ltd. | −0.6 pp | −0.3 pp |
Holdings, as filed for 2026-09-30
| Holding | Sector | % of fund | Value | Held for | Vs avg cost |
|---|---|---|---|---|---|
| ICICI Bank | Financial Services | 7.36% | ₹489 cr | 46 mo | +34% |
| HDFC Bank | Financial Services | 6.93% | ₹461 cr | 46 mo | -12% |
| Reliance Industries Limited | Oil, Gas & Consumable Fuels | 4.64% | ₹309 cr | 46 mo | -10% |
| Axis Bank | Financial Services | 4.43% | ₹294 cr | 46 mo | +16% |
| Kotak Mahindra Bank Limited | Financial Services | 4.39% | ₹292 cr | 35 mo | +14% |
| State Bank of India | Financial Services | 2.89% | ₹192 cr | 46 mo | +61% |
| Maruti Suzuki India Limited | Automobile and Auto Components | 2.85% | ₹190 cr | 31 mo | -6% |
| Bharti Airtel Limited | Telecommunication | 2.64% | ₹176 cr | 46 mo | +111% |
| Larsen & Toubro Limited | Construction | 2.26% | ₹150 cr | 46 mo | +63% |
| Infosys | Information Technology | 2.24% | ₹149 cr | 46 mo | -33% |
| Tata Consultancy Services Limited | Information Technology | 2.16% | ₹144 cr | 24 mo | -42% |
| Dr. Lal Path Labs Ltd. | Healthcare | 2.09% | ₹139 cr | 18 mo | +35% |
| InterGlobe Aviation Limited | Services | 1.88% | ₹125 cr | 26 mo | +6% |
| HCL Technologies Limited | Information Technology | 1.85% | ₹123 cr | 42 mo | -2% |
| Power Grid Corporation of India Limited | Power | 1.76% | ₹117 cr | 46 mo | +13% |
How this fund actually behaves
Computed from every filed monthly portfolio (46 months of filings) by the research pipeline.
| Holding patience | Median months a position is held (25th–75th band) | 24 mo (12–31) |
| Win rate on exits | Closed positions sold above entry, and the payoff ratio (34 exits) | 76% · payoff 4.9× |
| Loser handling | Cuts losers vs averages down, from 12 months of filings | Averages down |
| Entry valuation discipline | Median P/E paid on entries over 36 months; share above 50× | 31× · 31% over 50× |
| Portfolio valuation today | Weighted P/E and P/B of the current book at filed prices | 101.2× P/E · 4.9× P/B · 3% loss-makers |
| Churn | Stocks entered and exited in 12 months, of 67 positions | 12 in · 11 out |
| Concentration | Top 10 holdings' share; effective number of positions | 41% · ~33 effective |