This scheme from HDFC Mutual Fund AMC (Asset Management Company) is now known as the HDFC Regular Savings Scheme after a change in name in April, 2018. This scheme focuses on generating regular income through investments made in debt securities and money market instruments. This is an open-ended short term debt scheme which was launched as the HDFC Short Term Plan on 28th February 2002. The plans available under the scheme are growth and dividend in which the dividend option offers dividend reinvestment and payout facility. Whereas, the growth option of the HDFC Regular Savings Fund offers capital appreciation in the short, medium and long term.
Key Features of the HDFC Regular Savings Fund
HDFC Short Term Plan does not involve any entry load for both lump sum purchases and Systematic Investment Plan (SIP) as per current SEBI guidelines. However, the upfront commission must be paid to the fund house depending on the amount of investment in case of regular schemes but no such charges are applicable to direct investments. Regarding each purchase or switch-in of units, the investor is allowed to redeem 15% of units without any exit load. For the rest of 85% units, exit load is applicable at the rate of 0.75% if the units are redeemed before completion of 180 days from the date of allotment. In addition, exit load is nil if the redemption is made after 6 months from the date of unit allotment.
In terms of investments, the scheme accepts minimum Rs. 5,000 for lump sum investments and Rs. 500 monthly for SIP. The minimum SIP amount for quarterly investment in Rs. 1,500 whereas lump sum investments can be extended in the multiples of Rs. 1,000 thereafter. On the other hand, the redemption procedure takes around 3-4 business days to be completed.
The regular variant of this scheme’s expense ratio is 1.59% as per fund data released on 31st March 2018. However, the direct plan of the HDFC Regular Savings Scheme has a lower expense ratio of 0.70%. HDFC Short Term Plan follows CRISIL Short-Term Bond as its benchmark.
HDFC Short Term Plan Portfolio*:
| Aggregate | Fund | 1-Year High | 1-Year Low | Category |
| Number of Securities | 122 | 133 | 103 | 69 |
| Modified Duration | 1.46 | 1.60 | 1.43 | 1.55 |
| Average Maturity | 1.74 | 1.89 | 1.65 | 1.85 |
| Yield to Maturity | 8.76 | 8.76 | 7.92 | 8.16 |
*The data is for illustrative uses only and subject to change. For purposes of the illustration NAV data as of 10th April 2018 and other fund data as of 31st March, 2018 have been used.
HDFC Short Term Plan Top Holdings*:
| Company | Instrument | Credit Rating | 1-Year range | % Assets |
| 4% HPCL Mittal Energy 2020 | Debenture | AA | 3.41 – 3.90 | 3.62 |
| 9.85% Adani Transmission | Debenture | AA+ | 3.06 – 3.65 | 3.17 |
| 7.18% National Bank Agr. Rur. Devp 2020 | Bonds | AAA | 0.45 – 3.00 | 2.93 |
| 8.65% Vedanta 2019 | Debenture | AA | 0.00 – 3.17 | 2.86 |
| 7.49% HDFC 2019 | Bonds/Debenture | AAA | 2.58 – 2.88 | 2.83 |
| 10.7% Adani Power Mundra 2019 | Debenture | AA- | 2.68 – 3.20 | 2.78 |
| 8.57% NUVOCO Vistas Corp. 2020 | Debenture | AA | 0.00 – 2.49 | 2.49 |
| TMF Holdings 2020 | Debenture | AA | 1.97 – 2.24 | 2.11 |
| 8.75% Indiabulls Housing Finance 2021 | Debenture | AAA | 0.00 – 1.93 | 1.93 |
| 7.85% National Bank Agr. Rur. Devp 2019 | Debenture | AAA | 0.00 – 1.90 | 1.90 |
| 9.23% EID-Parry (I) 2018 | Debenture | AA- | 0.00 – 2.09 | 1.90 |
| 7.87% Tata Capital Financial Services 2020 | Debenture | AA+ | 0.00 – 2.01 | 1.88 |
| 7.58% PNB Housing Finance 2021 | Non-Convertible Debenture | AAA | 0.00 – 1.86 | 1.86 |
| 8.75% Vedanta 2021 | Debenture | AA | 0.00 – 1.91 | 1.82 |
| 7.5% Tata Motors 2022 | Debenture | AA+ | 0.00 – 1.74 | 1.67 |
| 8.86% L&T Infrastructre Finance 2018 | Debenture | AA+ | 0.00 – 1.61 | 1.61 |
| 8.75% Vedanta 2021 | Debenture | AA | 0.00 – 1.59 | 1.44 |
| 8.5937% LIC Housing Fin. 2019 | Debenture | AAA | 0.00 – 1.43 | 1.43 |
| Manav Investment & Trading Company | Zero Coupon Bonds | AAA | 0.00 – 1.43 | 1.43 |
| 7.78% HDFC 2020 | Debenture | AAA | 0.00 – 1.42 | 1.42 |
| Sadbhav Infrastructure Project 2019 | Debenture | AAA | 1.31 – 1.54 | 1.37 |
| Primat Infrapower & Multiventures 2020 | Debenture | AA- | 1.26 – 1.42 | 1.35 |
| Tata Sky 2020 | Zero Coupon Bonds | A+ | 1.17 – 1.32 | 1.26 |
| 8.19% Mahindra Vehicle Manufacturers 2019 | Debenture | AAA | 0.00 – 1.19 | 1.18 |
| JM Financial Products 2018 | Debenture | AA | 0.97 – 1.09 | 1.04 |
*The data is for illustrative uses only and subject to change. For purposes of the illustration NAV data as of 10th April 2018 and other fund data as of 31st March, 2018 have been used.
HDFC Short Term Plan Performance
The following are the returns obtained from the HDFC Short Term Plan as per fund NAV of 10th April, 2018.
HDFC Regular Savings Fund Returns*:
| Period | Returns (in percentage) | Rank |
| 1 Month | 1.1 | 52 |
| 3 Months | 1.8 | 51 |
| 6 Months | 2.6 | 46 |
| 1 Year | 6.4 | 52 |
| 2 Years | 7.8 | 51 |
| 3 Years | 8.4 | 42 |
| 5 Years | 8.7 | 31 |
*The data is for illustrative uses only and subject to change. For purposes of the illustration NAV data as of 10th April 2018 and other fund data as of 31st March, 2018 have been used.
Absolute Returns (in percentage)*:
| Year | Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | Annual |
| 2017 | 1.6 | 1.9 | 1.7 | 0.6 | 6.3 |
| 2016 | 2.4 | 2 | 3 | 2 | 10.2 |
| 2015 | 2.5 | 1.8 | 2.6 | 2 | 9.4 |
| 2014 | 2.5 | 2.7 | 2.2 | 3 | 10.9 |
| 2013 | 1.9 | 2.2 | -0.1 | 2.7 | 7.2 |
*The data is for illustrative uses only and subject to change. For purposes of the illustration NAV data as of 10th April 2018 and other fund data as of 31st March, 2018 have been used.
HDFC Short Term Plan Returns vs. Category Average (Returns in %)*:
| Particulars | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years |
| Fund Returns | 1.1 | 1.8 | 2.6 | 6.4 | 7.8 | 8.4 | 8.7 |
| Category Average | 1.5 | 2.1 | 3.1 | 7.6 | 8.6 | 8.3 | 6.8 |
| Difference of Fund Returns and Category Returns | -0.4 | -0.3 | -0.5 | -1.2 | -0.8 | 0.1 | 1.9 |
| Best of Category | 4.7 | 4.4 | 5.2 | 9.5 | 10.8 | 10.9 | 10.4 |
| Worst of Category | 1.1 | 1.7 | 2.3 | 6.4 | 7.7 | 7.7 | 7.4 |
*The data is for illustrative uses only and subject to change. For purposes of the illustration NAV data as of 10th April 2018 and other fund data as of 31st March, 2018 have been used.
HDFC Short Term Plan Best and Worst Performance*:
| Duration | Best Period | Worst Period |
| Month | 5.67 (Nov 18, 2008 – Dec 18, 2008) | -1.77 (Jul 15, 2013 – Aug 14, 2013) |
| Quarter | 8.20 (Oct 16, 2008 – Jan 15, 2009) | -2.68 (May 20, 2013 – Aug 19, 2013) |
| Year | 16.25 (Apr 22, 2008 – Apr 22, 2009) | 3.16 (Oct 19, 2003 – Oct 18, 2004) |
*The data is for illustrative uses only and subject to change. For purposes of the illustration NAV data as of 10th April 2018 and other fund data as of 31st March, 2018 have been used.
HDFC Short Term Plan Risk Measures*:
| Risk Measures (%) | Mean | Standard Deviation | Sharp Ratio | Sortino Ratio Variation | Alpha | Beta |
| Fund | 8.07 | 1.12 | 4.61 | 7.13 | 2.42 | 1.49 |
| VR Bond | 4.44 | 0.25 | 5.96 | 10.35 | – | – |
| Category | 7.59 | 1.6 | 3.9 | 6.08 | 2.79 | 0.45 |
| Rank Within Category | 27 | 25 | 19 | 22 | 28 | 24 |
| Number of Funds in Category | 102 | 102 | 102 | 102 | 102 | 102 |
*The data is for illustrative uses only and subject to change. For purposes of the illustration NAV data as of 10th April 2018 and other fund data as of 31st March, 2018 have been used.
HDFC Short Term Plan Trailing Returns (in %)*:
| Trailing Returns in % | YTD | 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | 7 Years | 10 Years |
| Fund | 2 | -0.03 | 0.19 | 1.07 | 1.81 | 2.55 | 6.44 | 8.36 | 8.75 | 8.88 | 8.91 |
| VR Bond | 1.06 | 0.02 | 0.09 | 0.31 | 0.98 | 1.95 | 4.01 | 4.53 | 4.96 | 5.07 | 4.68 |
| Category | 2.09 | -0.07 | 0.18 | 1.15 | 1.92 | 2.71 | 6.8 | 7.92 | 8.47 | 8.59 | 8.39 |
The data is for illustrative uses only and subject to change. For purposes of the illustration NAV data as of 10th April 2018 and other fund data as of 31st March, 2018 have been used.
Frequently Asked Questions (FAQs):
Some of the common questions asked by investors about the HDFC Short Term Plan are answered here.
Q. How can an investor apply for SIP?
A. In case of paper investments, new investors can attach an SIP Enrolment form along with the mutual fund application form. SIP enrolment form is usually submitted with an auto-debit form which allows the institution to deduct the SIP amount automatically from the investor’s savings account on a specific date. First time resident individual investors with single mode of holding can start directly create a folio and start investing online as well. In case of online investments using the Paisabazaar.com mutual fund platform, investors can start SIP investments by submitting a bank mandate and making the first SIP payment using the platform’s net banking interface.
On the other hand, existing investors can fill the SIP enrolment form mentioning the folio number and submit it along with the auto-debit form. Existing investors with online transaction facility can also visit the HDFC Mutual Fund AMC website to start their SIP in the HDFC Regular Savings Fund.
Q. What is a consolidated account statement and how to get it?
A. Consolidated Account Statement or CAS is a single document that reflects all mutual fund transactions of a unit holder made during a specific period. This document contains key details of all the folios across all the scheme of every mutual fund that the investor holds along with the date of each transaction. CAS is automatically sent out every month before the 10th of succeeding month. Alternately the investor can get a copy of the CAS online from the CAMS/Karvy RTA website.