HDFC Hybrid Debt Fund
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Min amount: 500
- Fund Summary
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- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Conservative Allocation|
|Exit Load||1% for 365 Days|
More about this fund
|7.17% Govt Stock 2028||4.62%|
|Reliance Jio Infocomm Limited||3.04%|
|ICICI Bank Ltd||2.52%|
|State Bank of India||2.4%|
|7.35% Govt Stock 2024||2.36%|
|Housing Development Finance Corporation Limited||2.34%|
|7.88% GS 2030||2.24%|
|Power Finance Corporation Ltd.||2.24%|
|Punjab National Bank||2.23%|
About HDFC Hybrid Debt Fund
As the name of the Scheme suggests, the Scheme is an open-ended hybrid scheme investing predominantly in debt instruments. The Scheme is benchmarked against NIFTY 50 Hybrid Composite Debt 15:85 Index.
Pros & Cons of HDFC Hybrid Debt Fund
HDFC Hybrid Debt Fund offers following feature: The Scheme has outperformed the benchmark and category average in 5 year horizon however underperformed in 1 year horizon.
Fund Information and Statistics of HDFC Hybrid Debt Fund
i) Inception / Launch date
The Scheme was launched by HDFC Mutual Fund on 26 December 2003. From 25 May 2018, HDFC MF Monthly Income Plan – Long Term Plan underwent change in fundamental attributes and was renamed as HDFC Hybrid Debt Fund and HDFC Monthly Income Plan – Short Term Plan was merged therein.
ii) Risk level
The Scheme is moderately high risk proposition due to moderate exposure in equities along with exposure in debt securities and money market instruments.
The Scheme is open for repurchase/redemptions on all business days by fund house. Redemption proceeds are despatched within 10 business days from the date of the receipt of valid redemption request. Penal interest of 15% or such other rate prescribed by SEBI will be paid in case redemption proceeds are not made within 10 business days.
iv) Fund Manager
The Scheme is currently being co-managed by Mr. Shobhit Mehrotra, Mr. Prashant Jain and Mr. Rakesh Vyas. Mr Vyas is responsible for overseas investments.
v) Entry / Exit load
15% of the units can be redeemed without an exit load from the date of the allotment. Exit load of 1% is payable if units are redeemed/switched out within 1 year from date of allotment in excess of 15% of units. No exit load is charged by the fund house if redeemed/switched out after 1 year from the date of allotment. No entry load is charged by the fund house.
Tax benefits of investing in HDFC Hybrid Debt Fund
Long term capital gains are taxed at the rate of 20% after indexation (if held for 36 months or more). Short term gains are added to income and subject to short term capital gain tax as per income tax slab under the Act. Thus, holding for more than 3 years recommended availing tax benefits.
About HDFC Mutual Fund
HDFC Mutual Fund is one of the largest and well-established fund house in India with focus on delivering consistent fund performance across all categories since the first fund launch in July 2000. The fund house is managed by HDFC Asset Management Company Ltd. Mr. Milind Barve is the CEO of the AMC. HDFC Trustee Company Limited is the trustee to HDFC Mutual Fund per Trust Deed dated 8 June 2000.
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Min amount: 500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns