HDFC Retirement Fund Equity Plan
The Scheme seeks to provide long-term capital appreciation / income by investing in a mix of equity and debt instruments to help investors meet their retirement goals.
Growthvine rating: 2/5 — ranked #6 of 10 in category.
Fund basics
| Category | Solution: Retirement Equity |
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| NAV | ₹46.19 (as of 2026-10-01) |
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| AUM | ₹6,998 Cr |
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| Expense ratio | 1.55% |
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| Riskometer | Very High |
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| Fund manager | Chirag Setalvad |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 9.98% |
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| Sharpe ratio | 0.32 |
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| Standard deviation | 13.21% |
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| Max drawdown | −35.69% |
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| Alpha | -0.9 |
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| Beta | 0.86 |
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Over 5 years, captured 87.4% of Nifty 500's upside and 76.2% of its downside.
Market cap allocation
| Large cap | 66.5% |
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| Mid cap | 11.3% |
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| Small cap | 22.3% |
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Concentration
| Top 5 holdings | 27.7% |
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| Top 10 holdings | 41.2% |
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| Total holdings | 72 |
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Top holdings
- ICICI Bank Ltd. — 7.7%
- HDFC Bank Ltd. — 6.6%
- TREPS - Tri-party Repo — 4.9%
- Reliance Industries Ltd — 4.7%
- AXIS Bank Ltd. — 4.5%
- Kotak Mahindra Bank Ltd. — 4.2%
- Maruti Suzuki India Ltd. — 3.1%
- State Bank Of India — 3.0%
- Bharti Airtel Ltd. — 2.6%
- Infosys Ltd — 2.4%
Top sectors
- Banking & Financial — 26.4%
- Automobile — 8.1%
- Software & Services — 7.2%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −10.9% | Q4 (Bottom) | #10 of 10 |
| 2025 | 5.2% | Q2 | #5 of 10 |
| 2024 | 18.0% | Q3 | #5 of 8 |
| 2023 | 32.6% | Q1 (Top) | #2 of 8 |
| 2022 | 8.6% | Q1 (Top) | #1 of 7 |