HDFC Ultra Short Term 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 156 (Category Avg - 63.84) | Modified Duration 0.48 Years (Category Avg - 0.42)| Yield to Maturity 6.59% (Category Avg - 6.42%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	3.49%	3.13%
CD	28.03%	33.23%
T-Bills	8.31%	7.37%
CP	7.18%	9.20%
NCD & Bonds	46.57%	39.42%
PTC	4.37%	1.02%

Category - Ultra Short Duration Fund

Security Type	% Weight	Category Average
Government Backed	11.80%	10.50%
Low Risk	86.15%	82.86%
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 - Ultra Short Duration Fund

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

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	8241.16	4.78%	82.00 k
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	5356.75	3.11%	5.35 k
Bond - IDFC First Bank Ltd.	CD	Private sector bank	P1+	CRISIL	4813.03	2.79%	10.00 k
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	4643.94	2.69%	9.50 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	3924.82	2.28%	8.00 k
Bond - T-Bill	T-Bills	Other			3918.66	2.27%	4.00 Cr
Bond - Radhakrishna Securitisation Trust	PTC	Ptc	AAA	CRISIL	3559.02	2.07%	350.00
Bond - Tata Capital Housing Finance Ltd.	CP	Housing finance company	P1+	CRISIL	3369.92	1.96%	7.00 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	3346.19	1.94%	7.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	3268.73	1.90%	32.50 k
Bond - T-Bill	T-Bills	Other			2979.22	1.73%	3.00 Cr
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	2939.86	1.71%	6.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	2855.88	1.66%	2.85 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	2546.32	1.48%	25.00 k
Bond - Poonawalla Fincorp Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	2472.92	1.44%	24.75 k
Bond - Small Industries Development Bank Of India	CD	Financial institution	PR1+	CARE	2422.94	1.41%	5.00 k
Bond - IIFL Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	2435.24	1.41%	5.00 k
Bond - IDBI Bank Ltd.	CD	Private sector bank	P1+	CRISIL	2409.25	1.40%	5.00 k
Bond - IIFL Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA	CRISIL	2407.32	1.40%	24.00 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	2381.95	1.38%	5.00 k
Bond - Karur Vysya Bank Ltd	CD	Private sector bank	P1+	CRISIL	2360.89	1.37%	5.00 k
Bond - ICICI Home Finance Company Ltd.	NCD & Bonds	Housing finance company	CARE AAA	CARE	2261.72	1.31%	22.50 k
Bond - Sikka Ports & Terminals Ltd.	NCD & Bonds	Port & port services	AAA	CRISIL	2099.28	1.22%	2.10 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	2006.46	1.16%	20.00 k
Bond - T-Bill	T-Bills	Other			1980.04	1.15%	2.00 Cr
Bond - T-Bill	T-Bills	Other			1957.28	1.14%	2.00 Cr
Bond - ONGC Petro-Additions Ltd.	NCD & Bonds	Petrochemicals	AA+	CRISIL	1964.86	1.14%	19.50 k
Bond - T-Bill	T-Bills	Other			1952.35	1.13%	2.00 Cr
Bond - Small Industries Development Bank Of India	CD	Financial institution	PR1+	CARE	1879.37	1.09%	4.00 k
Bond - 360 One Prime Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA	ICRA	1653.27	0.96%	16.50 k
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	1652.36	0.96%	1.65 k
Bond - India Universal Trust	PTC	Ptc	AAA	CRISIL	1596.08	0.93%	350.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	1605.25	0.93%	16.00 k
Bond - Poonawalla Fincorp Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	1498.17	0.87%	15.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	CARE AAA	CARE	1503.67	0.87%	1.50 k
Bond - National Bank for Agriculture & Rural Development	CD	Financial institution	A1+	ICRA	1476.11	0.86%	3.00 k
Bond - RBL Bank Ltd.	CD	Private sector bank	A1+	ICRA	1487.93	0.86%	3.00 k
Bond - Tata Capital Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	1440.93	0.84%	3.00 k
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	1351.70	0.78%	13.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	CARE AAA	CARE	1349.93	0.78%	13.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	1243.54	0.72%	12.50 k
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	1230.75	0.71%	2.50 k
Bond - Union Bank Of India	CD	Public sector bank	F1+	FITCH	1231.92	0.71%	2.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	1106.29	0.64%	11.00 k
Bond - ONGC Petro-Additions Ltd.	NCD & Bonds	Petrochemicals	AA+	CRISIL	1064.09	0.62%	10.50 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	1012.01	0.59%	10.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	1009.16	0.59%	10.00 k
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	1005.26	0.58%	1.00 k
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	1004.64	0.58%	1.00 k
Bond - Motilal Oswal Financial Services Ltd.	NCD & Bonds	Stockbroking & allied	AA	CRISIL	1002.01	0.58%	10.00 k
Bond - National Housing Bank	NCD & Bonds	Financial institution	AAA	CRISIL	1004.28	0.58%	10.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	1006.08	0.58%	10.00 k
Bond - SMFG India Home Finance Co. Ltd.	NCD & Bonds	Housing finance company	CARE AAA	CARE	999.25	0.58%	10.00 k
Bond - Indusind Bank Ltd.	CD	Private sector bank	P1+	CRISIL	995.54	0.58%	2.00 k
Bond - T-Bill	T-Bills	Other			991.90	0.58%	1.00 Cr
Bond - ICICI Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	977.70	0.57%	2.00 k
Bond - Tata Capital Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	979.32	0.57%	2.00 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	984.25	0.57%	2.00 k
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	977.72	0.57%	2.00 k
Bond - IDBI Bank Ltd.	CD	Private sector bank	P1+	CRISIL	985.12	0.57%	2.00 k
Bond - Kotak Mahindra Bank Ltd.	CD	Private sector bank	P1+	CRISIL	982.22	0.57%	2.00 k
Bond - National Bank for Agriculture & Rural Development	CD	Financial institution	F1+	FITCH	982.30	0.57%	2.00 k
Bond - Punjab National Bank	CD	Public sector bank	PR1+	CARE	977.34	0.57%	2.00 k
Bond - Small Industries Development Bank Of India	CD	Financial institution	PR1+	CARE	978.74	0.57%	2.00 k
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	967.70	0.56%	2.00 k
Bond - Tata Capital Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	960.79	0.56%	2.00 k
Bond - HDB Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	952.58	0.55%	9.50 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	948.55	0.55%	950.00
Bond - Indigo 043	PTC	Ptc	AAA	CRISIL	910.60	0.53%	1.01 k
Bond - Govt of India	GOI	Other			908.73	0.53%	90.80 L
Bond - Jamnagar Utilities & Power Pvt. Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	822.50	0.48%	825.00
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	754.58	0.44%	7.50 k
Bond - ONGC Petro-Additions Ltd.	NCD & Bonds	Petrochemicals	AA+	CRISIL	764.48	0.44%	7.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	762.41	0.44%	750.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	CARE AAA	CARE	756.38	0.44%	7.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	754.80	0.44%	7.50 k
Bond - Tata Housing Development Company Ltd.	NCD & Bonds	Residential, commercial projects	CARE AA	CARE	751.07	0.44%	7.50 k
Bond - National Bank for Agriculture & Rural Development	CD	Financial institution	A1+	ICRA	733.81	0.43%	1.50 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	730.24	0.42%	1.50 k
Bond - Rural Electrification Corporation Limited	CP	Financial institution	PR1+	CARE	722.72	0.42%	1.50 k
Bond - Bharti Telecom Ltd.	NCD & Bonds	Telecom - equipment & accessories	AAA	CRISIL	700.97	0.41%	7.00 k
Bond - Govt of India	GOI	Other			650.52	0.38%	65.00 L
Bond - Jubilant Beverages Ltd.	NCD & Bonds	Other beverages	AA	CRISIL	582.53	0.34%	5.50 k
Bond - T-Bill	T-Bills	Other			539.92	0.31%	55.00 L
Bond - Julius Baer Capital (India) Pvt Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	497.52	0.29%	1.00 k
Bond - Universe Trust Dec 2024	PTC	Ptc	CARE AAA	CARE	502.70	0.29%	1.00 k
Bond - Govt of India	GOI	Other			501.84	0.29%	50.00 L
Bond - Govt of India	GOI	Other			500.39	0.29%	50.00 L
Bond - Federal Bank Ltd.	CD	Private sector bank	P1+	CRISIL	493.78	0.29%	1.00 k
Bond - Aditya Birla Renewables Ltd.	NCD & Bonds	Power generation	AA	CRISIL	507.78	0.29%	5.00 k
Bond - HDB Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	501.20	0.29%	500.00
Bond - Housing & Urban Development Corporation Ltd.	NCD & Bonds	Financial institution	CARE AAA	CARE	499.52	0.29%	5.00 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	502.88	0.29%	500.00
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	504.91	0.29%	500.00
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	501.87	0.29%	5.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	508.07	0.29%	5.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	498.05	0.29%	500.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	CARE AAA	CARE	498.61	0.29%	5.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	499.30	0.29%	500.00
Bond - Tata Capital Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	507.47	0.29%	5.00 k
Bond - Indian Bank	CD	Public sector bank	P1+	CRISIL	481.64	0.28%	1.00 k
Bond - VAJRA 009 Trust	PTC	Ptc	LAAA	ICRA	477.58	0.28%	200.00
Bond - HDB Financial Services Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	489.00	0.28%	1.00 k
Bond - ICICI Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	489.29	0.28%	1.00 k
Bond - Jubilant Bevco Ltd.	NCD & Bonds	Restaurants	AA	CRISIL	477.84	0.28%	4.50 k
Bond - NHPC Ltd.	NCD & Bonds	Power generation	CARE AAA	CARE	464.21	0.27%	4.50 k
Bond - Govt of India	GOI	Other			455.92	0.26%	45.00 L
Bond - Govt of India	GOI	Other			455.36	0.26%	45.50 L
Bond - Govt of India	GOI	Other			448.71	0.26%	45.18 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	403.20	0.23%	400.00
Bond - Truhome Finance Ltd.	NCD & Bonds	Housing finance company	AA	CRISIL	400.70	0.23%	4.00 k
Bond - 360 One Prime Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA	ICRA	350.64	0.20%	3.50 k
Bond - Aavas Financiers Ltd.	NCD & Bonds	Housing finance company	CARE AA	CARE	301.65	0.18%	3.00 k
Bond - Mankind Pharma Ltd.	NCD & Bonds	Pharmaceuticals	AA+	CRISIL	302.28	0.18%	3.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	301.05	0.17%	300.00
Bond - Govt of India	GOI	Other			300.51	0.17%	30.00 L
Bond - INDIGO 041	PTC	Ptc	AAA	CRISIL	296.92	0.17%	630.00
Bond - Govt of India	GOI	Other			253.45	0.15%	25.00 L
Bond - Govt of India	GOI	Other			251.82	0.15%	25.00 L
Bond - Citicorp Finance (India) Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAAA	ICRA	250.09	0.15%	2.50 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	252.57	0.15%	250.00
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	250.72	0.15%	250.00
Bond - Mahindra Rural Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	254.52	0.15%	2.50 k
Bond - Mankind Pharma Ltd.	NCD & Bonds	Pharmaceuticals	AA+	CRISIL	250.97	0.15%	2.50 k
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	250.27	0.15%	250.00
Bond - Muthoot Finance Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	251.49	0.15%	2.50 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	251.85	0.15%	2.50 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	253.53	0.15%	2.50 k
Bond - National Housing Bank	NCD & Bonds	Financial institution	AAA	CRISIL	251.08	0.15%	2.50 k
Bond - National Housing Bank	NCD & Bonds	Financial institution	AAA	CRISIL	251.32	0.15%	2.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	251.66	0.15%	2.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	251.98	0.15%	2.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	253.16	0.15%	2.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	251.64	0.15%	2.50 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	253.56	0.15%	2.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	254.10	0.15%	2.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	CARE AAA	CARE	250.78	0.15%	250.00
Bond - NHPC Ltd.	NCD & Bonds	Power generation	CARE AAA	CARE	249.74	0.14%	2.50 k
Bond - Tata Capital Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	249.56	0.14%	250.00
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	247.35	0.14%	500.00
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	244.67	0.14%	500.00
Bond - Govt of India	GOI	Other			202.78	0.12%	20.00 L
Bond - Govt of India	GOI	Other			202.72	0.12%	20.00 L
Bond - Govt of India	GOI	Other			200.34	0.12%	20.00 L
Bond - Govt of India	GOI	Other			201.26	0.12%	20.00 L
Bond - Govt of India	GOI	Other			150.40	0.09%	15.00 L
Bond - Govt of India	GOI	Other			150.56	0.09%	15.00 L
Bond - Vajra Trust	PTC	Ptc	AAA	CRISIL	150.24	0.09%	60.00
Bond - Govt of India	GOI	Other			100.08	0.06%	10.00 L
Bond - Housing & Urban Development Corporation Ltd.	NCD & Bonds	Financial institution	CARE AAA	CARE	100.56	0.06%	1.00 k
Bond - Nuclear Power Corporation of India Limited	NCD & Bonds	Power generation	AAA	CRISIL	102.33	0.06%	100.00
Bond - Nuclear Power Corporation of India Limited	NCD & Bonds	Power generation	AAA	CRISIL	103.26	0.06%	100.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	100.40	0.06%	1.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	100.24	0.06%	100.00
Bond - Govt of India	GOI	Other			50.62	0.03%	5.00 L
Bond - VAJRA 006 Trust	PTC	Ptc	LAAA	ICRA	14.42	0.01%	7.40 k