MonitorDirect · GrowthWatch before adding
HDFC Short Term Fund
HDFC Mutual FundIncome/Debt Oriented Schemes - Short Term Fund13.8 years
The scheme seeks to generate regular income through investment in debt securities and money market instruments.
- NAV
- 35.3019
- 30 Oct 2026
- 1Y
- +4.3%
- Trailing CAGR
- AUM
- ₹14,218.52 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.3% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 66% of rolling 3-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Prefer peers if · Prefer Mahindra Manulife Short Term Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.39% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -2.7%. Ask whether you can hold through a similar fall.
Vs category
Pass
66% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Dhruv Muchhal · 3.4 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 24.1% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+4.3%
- 3Y+7.2%
- 5Y+6.5%
- 10Y+7.2%
- SI+7.8%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+3.8%
- 3Y+6.2%
- 5Y+6.7%
- 10Y+7.0%
- Since inception
- +7.8%
- Calendar-day CAGR
- Excess 1Y
- -0.2%
- Category median, same plan and option
- 3Y win rate
- +66%
- Windows beating the median
- 3Y percentile
- 38
- Vs comparable share classes
- SIP 3Y XIRR
- +6.2%
- Simulated monthly SIP
- Worst rolling 3Y
- +5.2%
- 2621 daily-ending windows
- Median rolling 3Y
- +7.9%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2139 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -2.7%
- Worst peak-to-trough
- Current
- -0.5%
- Below last peak
- Current spell
- 51 days
- Days below latest peak
- Time below peak
- +36%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 323 recovered episodes
- Longest recovery
- 61 days
- Trough to prior peak
6 Mar 2020 – 31 Mar 2020
Trough 24 Mar 2020 · recovered in 7 days
-2.7%
15 Jul 2013 – 18 Sept 2013
Trough 19 Aug 2013 · recovered in 30 days
-2.2%
31 Mar 2020 – 20 Apr 2020
Trough 9 Apr 2020 · recovered in 11 days
-1.0%
5 Apr 2022 – 6 Jul 2022
Trough 6 May 2022 · recovered in 61 days
-0.9%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
38
Vs category
49
Consistency
66
Risk-adjusted
98
Drawdown
93
Mean
69
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
No status reasons yet. History is still thin.
Supporting reads
- The fund beat the category median in 66% of rolling 3-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 143 holdings · top 10 are 24.1%.
- Top 5
- 13.7%
- Top 10
- 24.1%
- Largest holding
- 3.0%
- Effective holdings
- 81.4
JUBILANT BEVERAGES LIMITED NCD 31MY28 FVRS1LAC
Consumer Staples
3.0%
Repo
Unspecified
3.0%
JTPM METAL TRADERS LIMITED NCD 30AP30 FVRS1LAC
Materials
2.7%
JAMNAGAR UTILITIES & POWER PRIVATE LIMITED SR PPD7 7.90 LOA 10AG28 FVRS1LAC
Industrials
2.5%
Net Current Assets
Unspecified
2.4%
What changed
DECISION
Status moved from HEALTHY to MONITOR.
15 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Mahindra Manulife Short Term Fund
Mahindra Manulife Mutual Fund
- 1Y
- +4.8%
- 3Y
- +7.5%
- Vol
- 0.9%
- Max DD
- -1.1%
- Sharpe
- 0.60
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Axis Short Term Fund
Axis Mutual Fund
- 1Y
- +4.8%
- 3Y
- +7.6%
- Vol
- 1.5%
- Max DD
- -2.6%
- Sharpe
- 1.43
- 3Y win
- +97%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
Groww Short Term Fund
Groww Mutual Fund
- 1Y
- +4.9%
- 3Y
- +7.4%
- Vol
- 1.0%
- Max DD
- -1.2%
- Sharpe
- 1.52
- 3Y win
- +33%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Sundaram Short Term Fund (Formerly Known as Sundaram Short Duration Fund)
Sundaram Mutual Fund
- 1Y
- +4.7%
- 3Y
- +7.3%
- Vol
- 0.9%
- Max DD
- -0.7%
- Sharpe
- 0.78
- 3Y win
- +46%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Baroda BNP Paribas Short Term Fund (the scheme has 2 segregated portfolios)
Baroda BNP Paribas Mutual Fund
- 1Y
- +4.6%
- 3Y
- +7.3%
- Vol
- 1.2%
- Max DD
- -2.1%
- Sharpe
- 1.60
- 3Y win
- +63%
- Lower volatility
- Shallower drawdown
- Higher trailing returns
Caveat: Higher TER