HDFC Dynamic Debt Fund - Direct 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 32 (Category Avg - 29.64) | Modified Duration 7.39 Years (Category Avg - 6.13)| Yield to Maturity 7.05% (Category Avg - 6.84%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	82.88%	65.67%
CD	1.25%	0.71%
T-Bills	0.00%	0.00%
CP	0.00%	0.10%
NCD & Bonds	9.51%	28.88%
PTC	0.00%	0.42%

Category - Dynamic Bond Fund

Security Type	% Weight	Category Average
Government Backed	82.88%	65.67%
Low Risk	10.76%	29.66%
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 - Dynamic Bond Fund

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

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other			1161.49	14.99%	1.15 Cr
Bond - Govt of India	GOI	Other			985.02	12.72%	95.00 L
Bond - Govt of India	GOI	Other			719.10	9.28%	71.70 L
Bond - Govt of India	GOI	Other			569.65	7.35%	60.00 L
Bond - Govt of India	GOI	Other			544.70	7.03%	55.00 L
Bond - Govt of India	GOI	Other			457.40	5.90%	45.00 L
Bond - Govt of India	GOI	Other			441.88	5.70%	45.00 L
Bond - Govt of India	GOI	Other			363.73	4.70%	35.00 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	265.58	3.43%	250.00
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	258.59	3.34%	2.50 k
Bond - Govt of India	GOI	Other			205.28	2.65%	20.00 L
Bond - Govt of India	GOI	Other			155.78	2.01%	15.00 L
Bond - Pipeline Infrastructure Private Ltd.	NCD & Bonds	Gas transmission/marketing	AAA	CRISIL	154.59	2.00%	1.50 k
Bond - Govt of India	GOI	Other			102.83	1.33%	10.00 L
Bond - Govt of India	GOI	Other			99.19	1.28%	10.00 L
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	96.77	1.25%	200.00
Bond - Govt of India	GOI	Other			82.34	1.06%	8.40 L
Bond - Govt of India	GOI	Other			50.93	0.66%	5.00 L
Bond - Govt of India	GOI	Other			51.37	0.66%	5.00 L
Bond - Govt of India	GOI	Other			51.39	0.66%	5.00 L
Bond - Govt of India	GOI	Other			51.47	0.66%	5.00 L
Bond - Govt of India	GOI	Other			51.49	0.66%	5.00 L
Bond - Housing & Urban Development Corporation Ltd.	NCD & Bonds	Financial institution	CARE AAA	CARE	50.80	0.66%	500.00
Bond - Govt of India	GOI	Other			50.09	0.65%	5.00 L
Bond - Govt of India	GOI	Other			50.33	0.65%	5.00 L
Bond - Govt of India	GOI	Other			50.68	0.65%	5.00 L
Bond - Govt of India	GOI	Other			47.82	0.62%	4.78 L
Bond - Govt of India	GOI	Other			40.82	0.53%	4.00 L
Bond - Govt of India	GOI	Other			35.01	0.45%	3.40 L
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	6.12	0.08%	60.00
Bond - Govt of India	GOI	Other			2.23	0.03%	22.80 k
Bond - Govt of India	GOI	Other			0.01	0.00%	90.00