Meta Title

HDFC Income Fund - Direct Plan Growth NAV, Returns & Investment Guide 2025

Meta Description

Explore HDFC Income Fund offering 7.32% CAGR since inception. Get latest NAV, AUM of ₹954.3 crores, expense ratio of 0.8%, fund manager details, and investment strategy for medium-term debt fund.

Investment Objective and Approach

HDFC Income Fund is an open ended medium term debt scheme investing in instruments such that the Macaulay Duration# of the Portfolio is between 4 years and 7 years. The fund aims to generate income/capital appreciation through investments in debt and money market instruments and is suitable for investors seeking income over medium to long term.

The scheme follows a strategic approach with relatively high interest rate risk and moderate credit risk. Since the Macaulay Duration of the portfolio will be managed in the range of 4 – 7 years under normal circumstances, the Scheme is subject to interest rate risk on an ongoing basis.

The investment team of the AMC will take into account the macro economic conditions, including factors affecting both liquidity and interest rates. The Scheme shall endeavour to develop a well-diversified portfolio of debt (including securitised debt) and other instruments.

Fund Managers

The HDFC Income Fund is managed by experienced fund managers specializing in fixed income securities:

Shobhit Mehrotra - holds a B.Tech, MS, and MBA degree from the Clemson University. His primary areas of expertise include credit ratings and fixed income markets. He joined HDFC Asset Management Company Ltd. in 2004 as the Head of Credit and Senior Fund Manager of Fixed Income. Shobhit Mehrotra manages an AuM of Rs. 36,709 Crore invested in 22 HDFC schemes like Retirement Savings Fund, Medium Term Debt Fund, Credit Risk Debt Fund, Floating Rate Debt Fund, Income Direct Plan, Medium Term Debt Fund, etc.

Anupam Joshi - is currently the Portfolio Manager and Fund Manager of Fixed Income at HDFC Mutual Fund since 2015. He manages an AuM of Rs. 1.23 Lakh Crore in 11 schemes like Corporate Bond, Low Duration Fund, Liquid Direct Plan, etc.

About the Fund House (AMC)

HDFC Asset Management Company Ltd., or HDFC Mutual Fund, is currently the largest mutual fund and actively managed equity mutual fund in India. It is one of the most profitable asset management companies (AMC) in the country.

HDFC Mutual Fund started as a joint venture between Housing Development Finance Corporation Limited and Standard Life Investments Limited on December 10, 1999. It has Housing Development Finance Corporation Limited and Standard Life Investments Limited as the sponsors. HDFC Trustee Company Limited is the trustee.

Key highlights of HDFC AMC:

- The company manages assets worth Rs. 6.1L Cr crores as of Mar 31, 2024

- HDFC Mutual Fund AMC was incorporated on 10, Dec 1999, and has an AUM size of Rs. 8,37,348 Cr as on 30, Jun 2025

- The company serviced more than 75000 empanelled distribution partners through 210 branches spread across more than 200 cities in India

- HDFC Asset Management Company Ltd. received approval to act as an AMC from SEBI back on 30 June 2000 under the registration number MF/044/00/6

Should I Invest in HDFC Income Fund?

HDFC Income Fund may be suitable for investors who:

Seek Medium-Term Income Generation: The fund is designed for investors looking for steady income through debt instruments with a medium-term investment horizon.

Have Moderate Risk Tolerance: With relatively high interest rate risk and moderate credit risk, the fund is suitable for investors who can tolerate moderate volatility in pursuit of higher returns than short-term debt funds.

Want Professional Debt Management: The fund is managed by experienced fixed income professionals who actively manage duration and credit exposure based on market conditions.

Key Financial Metrics (as of latest available data):

- AUM: ₹954.3 crore

- Expense ratio: 0.8%

- CAGR since inception: 7.29% (launched on Jan 01, 2013)

- Risk Level: B-III category scheme

Consider this fund if you:

- Have an investment horizon of 3-7 years

- Seek higher returns than liquid funds

- Can tolerate interest rate fluctuations

- Want diversified debt exposure

FAQs

What is today's NAV of HDFC Income Fund?

The latest NAV is ₹58.10 as of Aug 11, 2025. NAV is updated daily after market hours.

What is the AUM of HDFC Income Fund?

The AUM of HDFC Income Fund is ₹954.3 crore as of the latest available data.

What is the expense ratio of HDFC Income Fund?

The expense ratio of HDFC Income Fund is 0.8%, which is competitive for medium-term debt funds.

What are the returns of HDFC Income Fund since inception?

The fund has delivered a CAGR of 7.29% since inception, which began on January 1, 2013.

What is the minimum SIP amount to invest in HDFC Income Fund?

The minimum SIP investment is ₹1000 and lump sum investment is ₹5000.

How do I invest in HDFC Income Fund?

You can invest through Allvest's platform by completing your KYC, selecting the fund, choosing investment amount, and setting up payment methods including UPI or bank transfer.

How to start a SIP in HDFC Income Fund?

Log into Allvest, search for HDFC Income Fund, select SIP option, choose monthly amount (minimum ₹1000), set start date, and authorize auto-debit from your bank account.

How do I automate an SIP in HDFC Income Fund?

Set up an auto-debit mandate through Allvest's platform by providing bank account details and authorizing automatic monthly deductions for your chosen SIP amount.

How can I withdraw/redeem my investment in HDFC Income Fund?

Access your Allvest account, go to portfolio section, select HDFC Income Fund, choose redemption amount, and submit request. Funds typically credit within 1-3 working days.