HDFC Banking & PSU Debt Fund - Regular Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

No of Debt Holding 100 (Category Avg - 60.90) | Modified Duration 3.42 Years (Category Avg - 2.97)| Yield to Maturity 6.97% (Category Avg - 6.70%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	11.85%	14.96%
CD	1.65%	5.58%
T-Bills	0.00%	0.04%
CP	0.00%	0.08%
NCD & Bonds	80.63%	72.98%
PTC	2.16%	0.96%

Category - Banking and PSU Fund

Security Type	% Weight	Category Average
Government Backed	11.85%	14.99%
Low Risk	84.44%	79.60%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Banking and PSU Fund

Debt holding in Portfolio (as on 31st Oct,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	2814.50	4.77%	27.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	2257.26	3.83%	22.50 k
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	2051.74	3.48%	20.00 k
Bond - Govt of India	GOI	Other			1710.83	2.90%	1.65 Cr
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	1527.18	2.59%	15.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	1527.97	2.59%	1.50 k
Bond - Housing & Urban Development Corporation Ltd.	NCD & Bonds	Financial institution	CARE AAA	CARE	1516.14	2.57%	15.00 k
Bond - Govt of India	GOI	Other			1505.86	2.55%	1.45 Cr
Bond - Housing & Urban Development Corporation Ltd.	NCD & Bonds	Financial institution	CARE AAA	CARE	1315.83	2.23%	1.25 k
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	1303.88	2.21%	12.50 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	1274.22	2.16%	12.50 k
Bond - Punjab National Bank	NCD & Bonds	Public sector bank	AAA	CRISIL	1260.28	2.14%	12.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	1258.33	2.13%	12.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	1030.19	1.75%	10.00 k
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	1026.44	1.74%	10.00 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	1019.60	1.73%	1.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	1018.40	1.73%	10.00 k
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	822.45	1.39%	10.00 k
Bond - Govt of India	GOI	Other			800.22	1.36%	80.00 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	791.15	1.34%	750.00
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	775.76	1.31%	7.50 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	771.72	1.31%	7.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	772.50	1.31%	7.50 k
Bond - Shivshakti Securitisation Trust	PTC	Ptc	AAA	CRISIL	764.31	1.30%	75.00
Bond - National Housing Bank	NCD & Bonds	Financial institution	AAA	CRISIL	762.67	1.29%	7.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	763.25	1.29%	7.50 k
Bond - SMFG India Credit Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE AAA	CARE	762.27	1.29%	7.50 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	755.56	1.28%	7.50 k
Bond - Govt of India	GOI	Other			660.69	1.12%	65.00 L
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	619.81	1.05%	600.00
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	619.53	1.05%	600.00
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	615.86	1.04%	6.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	582.22	0.99%	550.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	531.16	0.90%	500.00
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	521.64	0.88%	500.00
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	510.46	0.87%	5.00 k
Bond - National Housing Bank	NCD & Bonds	Financial institution	CARE AAA	CARE	513.49	0.87%	5.00 k
Bond - Pipeline Infrastructure Private Ltd.	NCD & Bonds	Gas transmission/marketing	AAA	CRISIL	515.31	0.87%	5.00 k
Bond - Govt of India	GOI	Other			514.14	0.87%	50.00 L
Bond - Siddhivinayak Securitisation Trust	PTC	Ptc	AAA	CRISIL	510.20	0.86%	50.00
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	510.16	0.86%	5.00 k
Bond - Housing & Urban Development Corporation Ltd.	NCD & Bonds	Financial institution	CARE AAA	CARE	508.04	0.86%	5.00 k
Bond - National Housing Bank	NCD & Bonds	Financial institution	AAA	CRISIL	507.71	0.86%	5.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	509.98	0.86%	5.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	507.98	0.86%	5.00 k
Bond - Tata Capital Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	507.44	0.86%	5.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	499.39	0.85%	5.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	CARE AAA	CARE	501.25	0.85%	500.00
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	497.60	0.84%	500.00
Bond - Mahanagar Telephone Nigam Ltd.	NCD & Bonds	Telecom - cellular & fixed line services	BWR AA+	BRICKWORK	490.07	0.83%	500.00
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	483.85	0.82%	1.00 k
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	459.71	0.78%	5.00 k
Bond - State Bank Of India	NCD & Bonds	Public sector bank	AAA	CRISIL	452.49	0.77%	45.00
Bond - Mahanagar Telephone Nigam Ltd.	NCD & Bonds	Telecom - cellular & fixed line services	BWR AA+	BRICKWORK	388.42	0.66%	400.00
Bond - Govt of India	GOI	Other			368.08	0.62%	36.70 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	358.19	0.61%	3.50 k
Bond - Govt of India	GOI	Other			308.96	0.52%	30.00 L
Bond - Bank Of Baroda	NCD & Bonds	Public sector bank	AAA	CRISIL	300.34	0.51%	30.00
Bond - Toyota Financial Services India Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAAA	ICRA	276.91	0.47%	2.74 k
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	257.98	0.44%	2.50 k
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	262.28	0.44%	250.00
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	262.31	0.44%	250.00
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	259.99	0.44%	2.50 k
Bond - Govt of India	GOI	Other			256.94	0.44%	25.00 L
Bond - Altius Telecom Infrastructure Trust	NCD & Bonds	Telecom - infrastructure	AAA	CRISIL	253.88	0.43%	2.50 k
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	256.48	0.43%	25.00
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	252.53	0.43%	250.00
Bond - Indian Oil Corporation Ltd.	NCD & Bonds	Refineries & marketing	AAA	CRISIL	255.23	0.43%	2.50 k
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	255.03	0.43%	2.50 k
Bond - Mahanagar Telephone Nigam Ltd.	NCD & Bonds	Telecom - cellular & fixed line services	CARE AAA	CARE	256.29	0.43%	250.00
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	253.14	0.43%	2.50 k
Bond - National Housing Bank	NCD & Bonds	Financial institution	CARE AAA	CARE	254.68	0.43%	2.50 k
Bond - Pipeline Infrastructure Private Ltd.	NCD & Bonds	Gas transmission/marketing	AAA	CRISIL	253.38	0.43%	2.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	254.14	0.43%	250.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	253.54	0.43%	2.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	256.38	0.43%	2.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	252.56	0.43%	2.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	254.93	0.43%	2.50 k
Bond - Housing & Urban Development Corporation Ltd.	NCD & Bonds	Financial institution	LAAA	ICRA	250.66	0.42%	2.50 k
Bond - Indian Bank	NCD & Bonds	Public sector bank	AAA	CRISIL	248.73	0.42%	250.00
Bond - Poonawalla Fincorp Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	249.34	0.42%	2.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	249.93	0.42%	250.00
Bond - State Bank Of India	NCD & Bonds	Public sector bank	AAA	CRISIL	248.38	0.42%	250.00
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	245.46	0.42%	500.00
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	244.42	0.41%	500.00
Bond - Govt of India	GOI	Other			205.86	0.35%	20.00 L
Bond - Bajaj Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	151.58	0.26%	1.50 k
Bond - Govt of India	GOI	Other			101.36	0.17%	10.00 L
Bond - Govt of India	GOI	Other			102.73	0.17%	10.00 L
Bond - Govt of India	GOI	Other			80.63	0.14%	7.90 L
Bond - Govt of India	GOI	Other			69.00	0.12%	6.70 L
Bond - Govt of India	GOI	Other			61.28	0.10%	6.00 L
Bond - Govt of India	GOI	Other			51.32	0.09%	5.00 L
Bond - Govt of India	GOI	Other			50.33	0.09%	5.00 L
Bond - Govt of India	GOI	Other			51.55	0.09%	5.00 L
Bond - Bajaj Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	50.33	0.09%	500.00
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	51.90	0.09%	50.00
Bond - Govt of India	GOI	Other			50.09	0.08%	5.00 L
Bond - Govt of India	GOI	Other			36.11	0.06%	3.60 L
Bond - Govt of India	GOI	Other			4.88	0.01%	50.00 k