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HDFC Retirement Savings Fund - Hybrid-Debt Plan - Growth Option is a solution scheme managed by HDFC Mutual Fund. Over rolling three-year windows since inception, investors earned a median compounded return of 8.46%, with the bottom and top quartiles at 8.11% and 8.89% respectively. It has ranked in the top half of its category for 3 of the last 9 reported years. Risk-adjusted return (Sharpe ratio) is 0.00. The total expense ratio is 2.14% on assets of ₹153Cr. The fund is currently managed by Mr. Arun Agarwal, appointed within the last year.
Lower is better.
This scheme classifies as Large-Value on the 3x3 equity style box, with 42% of its portfolio classified as of 2026-04-30.
| Holding | Sector |
|---|
| Window | Min | P25 | Median |
|---|
Point-in-time CAGRs cherry-pick a single start date. The chart below shows the distribution of every possible rolling start over the fund's history, so you see the range of investor outcomes — not just one date's number.
Backtested SIP outcomes across both rolling-window scenarios and named historical stress events (COVID, Election uncertainty, Russia/Ukraine, etc.), plus per-manager alpha during their tenure on this scheme.
Same fund, monthly SIPs over rolling 1/3/5-year windows.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future results. MintByte is an AMFI-registered Mutual Fund Distributor (ARN-314872) and APMI member (APRN-01658). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Star ratings on this page reflect a 3-year category-quartile position computed in-house and are educational only.
Mutual fund schemes are subject to market risk. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.
In-house derivations using 3-year daily NAV vs benchmark. See methodology.
| Weight |
|---|
| 6.67% GOI MAT 171250 | Sovereign | 8.82% |
| Larsen and Toubro Ltd. | Industrials | 7.42% |
| ICICI Bank Ltd. | Financial Services | 7.05% |
| Mahindra Rural Housing Finance Ltd | CRISIL - AAA | 6.67% |
| 6.48% GOI MAT 061035 | Sovereign | 6.31% |
| Reliance Industries Ltd. | Energy | 6.24% |
| 6.19% GOI MAT 160934 | Sovereign | 6.20% |
| 7.57% GOI MAT 170633 | Sovereign | 5.07% |
| 8.97% GOI MAT 051230 | Sovereign | 3.89% |
| 7.5% GOI MAT 100834 | Sovereign | 3.36% |
| Indian Railways Finance Corp. Ltd. | CRISIL - AAA | 3.34% |
| HDFC Bank Ltd. | Financial Services | 2.22% |
| State Bank of India | Financial Services | 1.37% |
| Axis Bank Ltd. | Financial Services | 1.08% |
| Bharti Airtel Ltd. | Communication Services | 0.99% |
| Maruti Suzuki India Limited | Consumer Cyclical | 0.87% |
| Tata Consultancy Services Ltd. | Technology | 0.81% |
| Infosys Limited | Technology | 0.77% |
| ICICI Lombard General Insurance Co | Financial Services | 0.69% |
| Power Grid Corporation of India Ltd. | Utilities | 0.63% |
| Transport Corporation of India Ltd. | Industrials | 0.61% |
| SBI Life Insurance Company Ltd. | Financial Services | 0.60% |
| City Union Bank Ltd. | Financial Services | 0.53% |
| Lupin Ltd. | Healthcare | 0.53% |
| ITC LIMITED | Consumer Defensive | 0.52% |
| Sector | Holdings | Weight |
|---|---|---|
| Sovereign | 7 | 33.75% |
| Banks | 5 | 12.25% |
| CRISIL - AAA | 2 | 10.01% |
| Construction | 2 | 7.67% |
| Petroleum Products | 2 | 6.49% |
| IT - Software | 3 | 1.92% |
| Insurance | 2 | 1.29% |
| Auto Components | 4 | 1.14% |
| Pharmaceuticals & Biotechnology | 3 | 1.13% |
| Telecom - Services | 1 | 0.99% |
| Automobiles | 2 | 0.94% |
| Industrial Products | 3 | 0.86% |
| Transport Services | 2 | 0.84% |
| Power | 1 | 0.63% |
| Diversified FMCG | 1 | 0.52% |
| Gas | 1 | 0.37% |
| Healthcare Services | 1 | 0.36% |
| Entertainment | 1 | 0.35% |
| Fertilizers & Agrochemicals | 1 | 0.34% |
| Electrical Equipment | 1 | 0.31% |
| Transport Infrastructure | 1 | 0.31% |
| Consumer Durables | 1 | 0.27% |
| Cement & Cement Products | 1 | 0.25% |
| Industrial Manufacturing | 1 | 0.18% |
| Beverages | 1 | 0.17% |
| IT - Services | 1 | 0.12% |
Active bets vs the average Solution fund. Biggest deviations shown first.
Accent bar = fund's actual sector weight. Vertical black tick = category average for the same sector. Green overlay = overweight, dashed red = underweight. The biggest active bets show first.
How crowded into the same stocks is this fund vs the largest fund in its category?
Category leader = highest-AUM scheme in the same SEBI category. A high overlap-of-weight number means the fund is concentrated into the same names as the leader (crowded); a low one means it's genuinely differentiated.
| P75 |
|---|
| Max |
|---|
| Positive % |
|---|
| 1Y | -0.99% | 4.49% | 8.01% | 12.02% | 16.89% | 97.9% |
| 3Y | 6.12% | 8.11% | 8.46% | 8.89% | 10.70% | 100.0% |
| 5Y | 6.11% | 7.32% | 8.14% | 8.67% | 9.62% | 100.0% |
Each cell is one year. Q1 = top quartile within the AMFI category for that period. Cell label is the last two digits of the year.
Top-10 weight 61.0% means concentration is in line with most actively-managed Indian equity funds. Effective-N is the inverse Herfindahl index — a measure of "how many positions effectively drive the fund" after weighting. Category: Solution.
Compounding maths on a notional ₹10 lakh lumpsum at 12% gross annual return. Green bar is what you'd have without the fee; red overlay is the fee drag. Fee is constant in this scenario — actual outcomes depend on real returns and any future TER changes.
Each row is a back-tested SIP — monthly contribution over the regime's duration, no fees adjustment beyond NAV-baked TER. XIRR is the annualised IRR of those cashflows; Abs return is the absolute cash-on-cash; Max DD is the deepest drawdown experienced mid-investment. Past performance is not indicative of future results.
Alpha is the annualised excess return vs benchmark over the manager's tenure on this scheme. Beat-benchmark = total return beat the index over the same window.
Does the fund get worse as it gets bigger? Each dot is one historical manager-tenure: AUM at tenure-end vs alpha delivered during that tenure.
Correlation is too weak to confirm or rule out capacity-driven alpha decay. Re-evaluate as more manager-tenure data accumulates.
Each dot is one manager-tenure: X = AUM at tenure end, Y = alpha during that tenure. Connecting line in chronological order. Pearson r measures the linear relationship between AUM and alpha across the historical record. n = 4 data points.