HDFC Short Term Debt Fund

HDFC’s short-term debt fund is a short-duration open-ended scheme that invests in money and debt market instruments. The duration of this scheme ranges between one to three years. It focuses on generating regular income through the amount of interest incurred by maintaining a secure bond rating with a shorter maturity profile.

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The fund ventures to develop distinct portfolios of debt, including securitized debt. The scheme was launched on 25th June 2010, and the assets managed by the fund as of 1st May 2022 were worth ₹14204.41 crores.   

HDFC Short Term Debt Fund Facts

The following table summarises the notable facts of the HDFC Short Term Debt fund. 

Fund Name  HDFC Mutual Fund
Asset Management Company Name  HDFC Asset Management Company Limited
Trustee Company Name  HDFC Trustee Company Limited
Category of the Scheme Short Term Duration
Fund Managers Mr. Anil Bamboli
Mr. Priya Ranjan
Benchmark CRISIL Short Duration Fund Bill Index
Investment Options Regular Plan
Direct Plan
Total Expense Ratio Regular Plan- 0.74%
Direct Plan- 0.29%
Loads Entry Load - Not Applicable
Exit Load- NIL
Lock-in-period- NIL
Minimum Application Amount Purchase- ₹5000 and any amount after that
Additional Purchase- ₹1000 and any amount after that
Repurchase- ₹500 and in multiples of ₹1 after that
Risk Profile B-III, relatively high-interest rate risks, and moderate credit risk
Suggested Investment Period More than 12 months
SEBI Codes HDFC/O/D/SDF/18/03/0039

Investment Objective

The investment objective of HDFC Short Term Debt Fund is to generate capital/income appreciation by investing in Money, Debt Market Instruments, treasury bills, corporate bonds, government securities, etc. The fund has invested 90.1% in debt, of which 66.04% is in low securities, and 24.06% is in Government Securities. 

Fund Summary

The HDFC Short Term Debt Fund provides six schemes from which you can choose. 

  1. HDFC Short Term Debt Fund- Direct Normal IDCW Plan

    • Risk: - high-interest risk and moderate credit risk

    • Expense Ratio: - 0.29%

    • NAV:- Net Asset Value Date: - 22nd June 2022

    • NAV Amount: - ₹17.4643

    • Returns (For 1 year): - 4.63%

    • Category Average: - 4.1%

  2. HDFC Short Term Debt Fund- Normal IDCW

    • Risk: - high-interest risk and moderate credit risk

    • Expense Ratio: - 0.74%

    • NAV - Net Asset Value Date: - 22nd June 2022

    • NAV Amount: - ₹17.1884

    • Returns (For 1 year): - 3.9%

    • Category Average: - 3.66%

  3. HDFC Short Term Debt Fund- Direct-Growth Plan

    • Risk: - high-interest risk and moderate credit risk

    • Expense Ratio: - 0.29%

    • NAV - Net Asset Value Date: - 22nd June 2022

    • NAV Amount: - ₹26.1138

    • Returns (For 1 year): - 3.04%

    • Category Average: - 4.1%

  4. HDFC Short Term Debt Fund- Growth

    • Risk: - high-interest risk and moderate credit risk

    • Expense Ratio: - 0.74%

    • NAV - Net Asset Value Date: - 22nd June 2022

    • NAV Amount: - ₹25.5664

    • Returns (For 1 year): - 2.55%

    • Category Average: - 3.66%

  5. HDFC Short Term Debt Fund- Direct Plan- IDCW (fortnightly)

    • Risk: - high-interest risk and moderate credit risk

    • Expense Ratio: - 0.29%

    • NAV - Net Asset Value Date: - 22nd June 2022

    • NAV Amount: - ₹10.277

    • Returns (For 1 year): - 1.87%

    • Category Average: - 4.1%

  6. HDFC Short Term Debt Fund- IDCW (fortnightly)

    • Risk: - high-interest risk and moderate credit risk

    • Expense Ratio: - 0.75%

    • NAV - Net Asset Value Date: - 22nd June 2022

    • NAV Amount: - ₹10.1618

    • Returns (For 1 year): - 1.61%

    • Category Average: - 3.66%

    IDCW (Income Distribution cum Capital Withdrawal) offers both Reinvestment and Pay-out facilities. The suggested investment period for all the funds is more than 12 months. 

Fund Return Summary

The returns of the Net Asset Value as of 23rd June 2022 of HDFC Short Term Debt Fund are tabulated below: - 

  1. HDFC Short Term Debt Fund- Direct Normal IDCW Plan

    Investment Period Date when 10000 Invested  Current Value Absolute Returns
    1 Week 16-Jun-22 10024.30 0.24%
    1 Year 23-Jun-21 10464.00 4.64%
    2 Year 23-Jun-20 11233.30 12.33%
    3 Year 21-Jun-19 12490.70 24.91%
  2. HDFC Short Term Debt Fund- Normal IDCW

    Investment Period Date when 10000 Invested  Current Value Absolute Returns
    1 Week 16-Jun-22 10023.40 0.23%
    1 Year 23-Jun-21 10391.20 3.91%
    2 Year 23-Jun-20 11098.00 10.98%
    3 Year 21-Jun-19 12317.70 23.18%
  3. HDFC Short Term Debt Fund- Direct Plan-Growth Option

    Investment Period Date when 10000 Invested  Current Value Absolute Returns
    1 Week 16-Jun-22 10024.30 0.24%
    1 Year 23-Jun-21 10304.80 3.05%
    2 Year 23-Jun-20 11062.20 10.62%
    3 Year 21-Jun-19 12300.20 23.00%
  4. HDFC Short Term Debt Fund- Growth

    Investment Period Date when 10000 Invested  Current Value Absolute Returns
    1 Week 16-Jun-22 10023.40 0.23%
    1 Year 23-Jun-21 10256.50 2.56%
    2 Year 23-Jun-20 10954.20 9.54%
    3 Year 21-Jun-19 12158.10 21.58%
  5. HDFC Short Term Debt Fund- Direct Plan- IDCW (Fortnightly)

    Investment Period Date when 10000 Invested  Current Value Absolute Returns
    1 Week 16-Jun-22 10024.30 0.24%
    1 Year 23-Jun-21 10188.60 1.89%
    2 Year 23-Jun-20 10936.60 9.37%
    3 Year 21-Jun-19 11933.50 19.34%
  6. HDFC Short Term Debt Fund- IDCW (Fortnightly)

    Investment Period Date when 10000 Invested  Current Value Absolute Returns
    1 Week 16-Jun-22 10023.40 0.23%
    1 Year 23-Jun-21 10162.60 1.63%
    2 Year 23-Jun-20 10721.90 7.22%
    3 Year 21-Jun-19 11679.10 16.79%

Pros and Cons

The advantages and disadvantages of HDFC Short Term Debt Fund are: - 

Pros Cons
  • This is a short-duration fund where investment is made for 1 to 3 years
  • You will not receive any principal repayment or contracted interest like a fixed deposit.
  • This scheme surpassed the Benchmark it set over the 6-months to 2-year period.
  • This scheme has slightly underperformed the Benchmark in the three years.
  • The direct and the regular plan schemes of HDFC Short Term Debt Fund have a low expense ratio.
  • As this fund invests in money and debt markets with a short-term duration of 1-3 years, it is subjected to higher variations with the change in interest rates.
  • The returns are high compared to the fixed deposits in banks.
  • This scheme is of B-III risk level: high-interest rate and moderate credit risk.
  • Entry Load does not apply to this fund.
  • The scheme does not charge any exit load.
  • There is no lock-in period.

Who Should Invest in the HDFC Short Term Debt Fund?

This fund is best suitable for investors who are interested in: -

  • Earning over a short term of about 1-3 years as the returns are more than the fixed deposits in Banks.

  • Generating capital/income by investing in Money and Debt Market Instruments

You should always consult your financial advisor if you doubt whether this scheme is appropriate for you.

FAQ's

  • Should I invest in HDFC Short Term Debt Fund?

    Ans. This scheme has a history of above-average returns with extraordinary consistency. It’s a good inclusion in your portfolio.
  • What is the minimum SIP amount of the HDFC Short Term Debt fund?

    Ans. The minimum SIP amount is ₹1000, and you invest in the multiples of ₹5000.
  • What is meant by the lock-in period?

    Ans. The lock-in period is the duration the investor cannot redeem or withdraw the amount invested or any units allocated both fully or partially. For the HDFC Short Term Debt Fund, no lock-in period is present.
  • Where will HDFC Asset Management Company Limited publish the NAV?

    Ans. The NAV will be displayed on the website of the mutual fund, the website of the Association of Mutual Funds in India, and in any other way specified by the SEBI.
  • How will I perceive the performance of HDFC Short Term Debt Fund?

    Ans. You can visit the HDFC Bank website from time to time to stay up to date about the scheme.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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