HDFC Income Fund - 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 31 (Category Avg - 26.46) | Modified Duration 6.64 Years (Category Avg - 5.74)| Yield to Maturity 6.88% (Category Avg - 6.97%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	75.41%	65.04%
CD	0.00%	0.04%
T-Bills	0.00%	0.06%
NCD & Bonds	17.57%	27.03%
PTC	0.00%	1.86%

Category - Medium to Long Duration Fund

Security Type	% Weight	Category Average
Government Backed	75.41%	65.10%
Low Risk	17.57%	28.92%
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 - Medium to Long Duration 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			1671.96	18.28%	1.63 Cr
Bond - Govt of India	GOI	Other			1277.49	13.97%	1.30 Cr
Bond - Govt of India	GOI	Other			991.16	10.84%	95.00 L
Bond - Govt of India	GOI	Other			566.23	6.19%	55.00 L
Bond - Govt of India	GOI	Other			405.43	4.43%	40.00 L
Bond - National Thermal Power Corporation Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	262.07	2.87%	250.00
Bond - Govt of India	GOI	Other			253.98	2.78%	25.00 L
Bond - Govt of India	GOI	Other			254.11	2.78%	25.00 L
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	251.16	2.75%	250.00
Bond - Govt of India	GOI	Other			245.49	2.68%	25.00 L
Bond - IndiGrid Infrastructure Trust	NCD & Bonds	Power - transmission	AAA	CRISIL	230.58	2.52%	2.30 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	203.12	2.22%	2.00 k
Bond - Govt of India	GOI	Other			198.07	2.17%	20.00 L
Bond - Govt of India	GOI	Other			178.43	1.95%	18.10 L
Bond - State Bank Of India	NCD & Bonds	Public sector bank	LAAA	ICRA	155.77	1.70%	1.50 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	153.06	1.67%	150.00
Bond - Govt of India	GOI	Other			150.30	1.64%	15.00 L
Bond - National Thermal Power Corporation Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	148.86	1.63%	1.50 k
Bond - Altius Telecom Infrastructure Trust	NCD & Bonds	Telecom - infrastructure	AAA	CRISIL	101.55	1.11%	1.00 k
Bond - Govt of India	GOI	Other			101.47	1.11%	10.00 L
Bond - Govt of India	GOI	Other			101.00	1.10%	10.00 L
Bond - Govt of India	GOI	Other			100.29	1.10%	10.00 L
Bond - National Thermal Power Corporation Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	100.86	1.10%	1.00 k
Bond - Govt of India	GOI	Other			96.73	1.06%	10.00 L
Bond - Govt of India	GOI	Other			94.94	1.04%	10.00 L
Bond - Govt of India	GOI	Other			90.76	0.99%	8.79 L
Bond - Govt of India	GOI	Other			52.87	0.58%	5.00 L
Bond - Govt of India	GOI	Other			46.66	0.51%	5.00 L
Bond - Govt of India	GOI	Other			12.87	0.14%	1.29 L
Bond - Govt of India	GOI	Other			3.40	0.04%	31.60 k
Bond - Govt of India	GOI	Other			2.46	0.03%	25.30 k