HDFC Hybrid Debt Fund
The fund remains positioned as a conservative income generator with a heavily skewed debt-heavy hybrid allocation featuring over one-third exposure to sovereign bonds and a near-complete AAA/AA+ credit quality mandate. Recent portfolio changes signal the manager's preference for government securities and development finance institutions over corporate credit, evidenced by the meaningful increase in liquid TREPS positions alongside new positions in NABARD and SIDBI. This defensive posture suggests anticipation of either sustained yield opportunities or preference for lower credit risk in the current environment.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹82.1816 | -0.95% | -0.39% | +7.98% | +8.37% |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| 6.48% GOI MAT 061035 | 1.92% |
| National Bank for Agri & Rural Dev.^ | 1.53% |
| Small Industries Development Bank^ | 0.46% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | 7.34% GOI MAT 220464 IN0020240035 | 4.11% |
| 2 | TREPS - Tri-party Repo | 3.36% |
| 3 | Floating Rate GOI 2034 IN0020210137 | 3.15% |
| 4 | 7.23% GOI MAT 150439^ IN0020240027 | 3.07% |
| 5 | 7.09% GOI MAT 050854 IN0020240118 | 2.89% |
| 6 | Indian Railways Finance Corp. Ltd.^ INE053F07BD9 | 2.50% |
| 7 | 7.3% GOI MAT 190653 IN0020230051 | 2.22% |
| 8 | 7.18% GOI MAT 240737 IN0020230077 | 2.15% |
| 9 | 6.68% GOI MAT 170931^ IN0020170042 | 1.97% |
| 10 | 6.9% GOI MAT 150465 IN0020250018 | 1.95% |
| 11 | ICICI Bank Ltd. INE090A01021 | 1.94% |
| 12 | 6.48% GOI MAT 061035 IN0020250091 | 1.92% |
| 13 | HDFC Bank Ltd.£ INE040A01034 | 1.66% |
| 14 | Altius Telecom Infrastructure Trust^ INE0BWS07045 | 1.66% |
| 15 | National Highways Authority of India^ INE906B07GP0 | 1.57% |
| 16 | National Bank for Agri & Rural Dev.^ INE261F08EF5 | 1.54% |
| 17 | Pipeline Infrastructure Pvt. Ltd.^ INE01XX07034 | 1.54% |
| 18 | Export - Import Bank of India^ INE514E08GB4 | 1.54% |
| 19 | Bajaj Housing Finance Ltd.^ INE377Y07474 | 1.54% |
| 20 | National Bank for Agri & Rural Dev.^ INE261F08EA6 | 1.53% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does HDFC Hybrid Debt Fund hold?
HDFC Hybrid Debt Fund holds 106 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 15.72% of NAV.
What is the largest holding in HDFC Hybrid Debt Fund?
The largest position in HDFC Hybrid Debt Fund is 7.34% GOI MAT 220464, accounting for 4.11% of NAV in the Sovereign sector.
Is HDFC Hybrid Debt Fund a concentrated or diversified fund?
With a Gini coefficient of 0.418, HDFC Hybrid Debt Fund is well-diversified. The HHI concentration index is 14,232 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 15.72% of the portfolio.
What is the market cap allocation of HDFC Hybrid Debt Fund?
Based on SEBI's AMFI classification, HDFC Hybrid Debt Fund's equity portfolio is split as: Large Cap: 16.39%, Mid Cap: 1.65%, Small Cap: 0.87%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does HDFC Hybrid Debt Fund invest in most?
HDFC Hybrid Debt Fund has the highest allocation to Sovereign (36.29%), CRISIL - AAA (29.14%), Banks (7.30%). The fund is invested across 28 sectors in total.
How actively managed is HDFC Hybrid Debt Fund compared to other Conservative Hybrid Fund funds?
HDFC Hybrid Debt Fund has an Active Share of 73.81%, classifying it as "Highly Differentiated" among 16 Conservative Hybrid Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in HDFC Hybrid Debt Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, HDFC Hybrid Debt Fund added 3 new stocks (including 6.48% GOI MAT 061035) and exited 3 stocks (including Finolex Cables Ltd.). Total holding count remained at 108 stocks.