HDFC Retirement Savings 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 | ₹49.16 (as of 2026-08-21) |
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| AUM | ₹7,014 Cr |
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| Expense ratio | 1.55% |
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| Riskometer | Very High |
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| Fund manager | Srinivasan Ramamurthy |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 12.69% |
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| Sharpe ratio | 0.33 |
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| Standard deviation | 13.20% |
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| Max drawdown | -35.69% |
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| Alpha | -0.9 |
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| Beta | 0.85 |
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Over 5 years, captured 88.7% of Nifty 500's upside and 74.9% of its downside.
Market cap allocation
| Large cap | 66.2% |
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| Mid cap | 10.9% |
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| Small cap | 22.9% |
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Concentration
| Top 5 holdings | 27.5% |
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| Top 10 holdings | 41.3% |
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| Total holdings | 71 |
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Top holdings
- ICICI Bank Ltd. — 7.6%
- HDFC Bank Ltd. — 6.9%
- Reliance Industries Ltd — 4.8%
- TREPS - Tri-party Repo — 4.2%
- AXIS Bank Ltd. — 4.2%
- Kotak Mahindra Bank Ltd. — 3.9%
- Maruti Suzuki India Ltd. — 3.2%
- State Bank Of India — 2.9%
- Bharti Airtel Ltd. — 2.8%
- Infosys Ltd — 2.6%
Top sectors
- Banking & Financial — 27.1%
- Automobile — 8.2%
- Software & Services — 7.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | -5.1% | 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 |