HDFC Medium Term 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 63 (Category Avg - 42.54) | Modified Duration 3.53 Years (Category Avg - 3.46)| Yield to Maturity 7.73% (Category Avg - 7.28%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	22.94%	33.24%
CD	0.00%	1.16%
CP	0.00%	0.15%
NCD & Bonds	62.49%	53.71%
PTC	6.64%	3.08%

Category - Medium Duration Fund

Security Type	% Weight	Category Average
Government Backed	22.94%	33.24%
Low Risk	65.63%	55.51%
Moderate Risk	3.50%	2.59%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Medium 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			2827.42	7.26%	2.75 Cr
Bond - Govt of India	GOI	Other			1904.61	4.89%	1.85 Cr
Bond - Tata Steel Ltd.	NCD & Bonds	Iron & steel products	CARE AA+	CARE	1477.91	3.79%	14.50 k
Bond - GMR Airports Ltd.	NCD & Bonds	Airport & airport services	A+	CRISIL	1363.82	3.50%	13.50 k
Bond - Govt of India	GOI	Other			1217.60	3.13%	1.20 Cr
Bond - Jubilant Beverages Ltd.	NCD & Bonds	Other beverages	AA	CRISIL	1135.40	2.92%	10.72 k
Bond - Kalpataru Projects International Ltd.	NCD & Bonds	Civil construction	AA	FITCH	1009.89	2.59%	10.00 k
Bond - SK Finance Ltd.	NCD & Bonds	Financial services	LAA-	ICRA	1004.13	2.58%	10.00 k
Bond - SBFC Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA-	FITCH	998.34	2.56%	10.00 k
Bond - Mas Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE AA-	CARE	952.74	2.45%	9.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	767.55	1.97%	7.50 k
Bond - Coastal Gujarat Power Ltd.	NCD & Bonds	Integrated power utilities	CARE AA+	CARE	766.67	1.97%	725.00
Bond - Jtpm Metal Traders Pvt Ltd.	NCD & Bonds	Trading - metals	AA	CRISIL	764.33	1.96%	7.50 k
Bond - Shivshakti Securitisation Trust	PTC	Ptc	AAA	CRISIL	764.31	1.96%	75.00
Bond - Siddhivinayak Securitisation Trust	PTC	Ptc	AAA	CRISIL	765.30	1.96%	75.00
Bond - Motilal Oswal Home Finance Ltd.	NCD & Bonds	Housing finance company	LAA+	ICRA	761.44	1.96%	7.50 k
Bond - Truhome Finance Ltd.	NCD & Bonds	Housing finance company	AA	FITCH	758.85	1.95%	7.50 k
Bond - IIFL Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA	CRISIL	752.52	1.93%	7.50 k
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	724.56	1.86%	7.00 k
Bond - Pipeline Infrastructure Private Ltd.	NCD & Bonds	Gas transmission/marketing	AAA	CRISIL	709.46	1.82%	7.00 k
Bond - Pipeline Infrastructure Private Ltd.	NCD & Bonds	Gas transmission/marketing	AAA	CRISIL	615.33	1.58%	6.00 k
Bond - Aadhar Housing Finance Ltd.	NCD & Bonds	Housing finance company	CARE AA+	CARE	605.96	1.56%	6.00 k
Bond - Govt of India	GOI	Other			606.00	1.56%	60.00 L
Bond - IndiGrid Infrastructure Trust	NCD & Bonds	Power - transmission	AAA	CRISIL	549.50	1.41%	550.00
Bond - Cholamandalam Investment & Finance Co. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	513.01	1.32%	5.00 k
Bond - Godrej Industries Ltd	NCD & Bonds	Animal feed	AA+	CRISIL	509.49	1.31%	5.00 k
Bond - Tata Power Renewable Energy Ltd.	NCD & Bonds	Power generation	CARE AA+	CARE	510.34	1.31%	5.00 k
Bond - Housing & Urban Development Corporation Ltd.	NCD & Bonds	Financial institution	CARE AAA	CARE	508.04	1.30%	5.00 k
Bond - JM Financial Home Loans Ltd.	NCD & Bonds	Housing finance company	AA	CRISIL	505.17	1.30%	5.00 k
Bond - J S W Energy Ltd.	NCD & Bonds	Power generation	LAA	ICRA	505.10	1.30%	5.00 k
Bond - Govt of India	GOI	Other			508.22	1.30%	50.00 L
Bond - Infopark Properties Ltd.	NCD & Bonds	Real estate investment trusts (reits)	CARE AA-	CARE	503.25	1.29%	5.00 k
Bond - TMF Holdings Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	501.04	1.29%	500.00
Bond - TMF Holdings Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	495.18	1.27%	500.00
Bond - Kalpataru Projects International Ltd.	NCD & Bonds	Civil construction	AA	CRISIL	451.25	1.16%	4.50 k
Bond - VAJRA 009 Trust	PTC	Ptc	LAA+	ICRA	403.52	1.04%	40.00
Bond - Govt of India	GOI	Other			392.78	1.01%	40.00 L
Bond - Universe Trust Dec 2024	PTC	Ptc	CARE AAA	CARE	373.07	0.96%	370.00
Bond - Govt of India	GOI	Other			350.09	0.90%	35.00 L
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	308.52	0.79%	3.00 k
Bond - Indigo 043	PTC	Ptc	AA	CRISIL	279.98	0.72%	278.00
Bond - Govt of India	GOI	Other			264.35	0.68%	25.00 L
Bond - Govt of India	GOI	Other			260.83	0.67%	25.00 L
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	259.77	0.67%	250.00
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	258.48	0.66%	2.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	255.53	0.66%	2.50 k
Bond - IndiGrid Infrastructure Trust	NCD & Bonds	Power - transmission	LAAA	ICRA	253.33	0.65%	250.00
Bond - JM Financial Home Loans Ltd.	NCD & Bonds	Housing finance company	AA	CRISIL	252.60	0.65%	2.50 k
Bond - Mahindra Rural Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	254.66	0.65%	2.50 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	253.91	0.65%	2.50 k
Bond - ONGC Petro-Additions Ltd.	NCD & Bonds	Petrochemicals	AA+	CRISIL	251.91	0.65%	2.50 k
Bond - ONGC Petro-Additions Ltd.	NCD & Bonds	Petrochemicals	AA+	CRISIL	254.82	0.65%	2.50 k
Bond - Housing & Urban Development Corporation Ltd.	NCD & Bonds	Financial institution	LAAA	ICRA	250.66	0.64%	2.50 k
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	250.92	0.64%	2.50 k
Bond - Jubilant Bevco Ltd.	NCD & Bonds	Restaurants	AA	CRISIL	212.37	0.55%	2.00 k
Bond - Govt of India	GOI	Other			150.44	0.39%	15.00 L
Bond - Govt of India	GOI	Other			148.55	0.38%	15.00 L
Bond - Govt of India	GOI	Other			101.96	0.26%	10.40 L
Bond - Govt of India	GOI	Other			100.20	0.26%	10.00 L
Bond - JM Financial Asset Reconstruction Co.	NCD & Bonds	Financial institution	LAA-	ICRA	100.03	0.26%	100.00
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	101.74	0.26%	1.00 k
Bond - National Thermal Power Corporation Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	99.24	0.25%	1.00 k
Bond - Govt of India	GOI	Other			95.69	0.25%	10.00 L