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HDFC Pension Fund is part of the HDFC group, one of India’s largest financial conglomerates. It launched its first NPS funds in 2013. It is currently lead by Mr. Sumit Shukla who was earlier head of direct channels at HDFC Life Insurance. At present, HDFC Pension Fund is India’s top performing pension fund on a three and five year basis.
HDFC Pension Fund NPS Tier 1 Account
| Returns/Scheme | Equity | Corporate Bonds | Government Bonds | Alternative Assets | Average Return* |
| 1 Year | 17.96% | 2.14% | -1.13% | 7.99% | 6.32% |
| 3 Years | 15.68% | 8.04% | 7.13% | NA | 10.28% |
| 5 Years | 18.22% | 9.88% | 9.43% | NA | 12.51% |
| Since Inception | 17.45% | 9.87% | 8.90% | 7.23% | 12.07% |
*Average return reflects the return earned on a scheme with equal allocation in Equity, Corporate Bonds and Government Bonds, with nothing invested in the Alternative Asset class considering its recent inclusion as a scheme category.
HDFC Pension Fund NPS Tier 2 Account
| Returns/Scheme | Equity | Corporate Bonds | Government Bonds | Average Return* |
| 1 Year | 17.97% | 2.35% | -1.21% | 6.37% |
| 3 Years | 15.88% | 8.12% | 7.08% | 10.36% |
| 5 Years | 14.22% | 8.63% | 9.50% | 10.78% |
| Since Inception | 14.14% | 8.64% | 9.34% | 10.71% |
*Average return reflects the return earned on a scheme with equal allocation in Equity, Corporate Bonds and Government Bonds.
The Management
Sumit Shukla
HDFC Pension Fund is led by Mr. Sumit Shukla as its Chief Executive Officer and had earlier head Direct Channels at HDFC Life.
Fagun Pancholi
Mr. Fagun Pancholi is the Chief Financial Officer of HDFC Pension Fund and is associated with HDFC since November 2005.
Vishwas Katela
Mr. Vishwas Katela acts as the institution’s Chief Investment Officer and has been a key member of HDFC Life investment team, having managed equity funds and covered multiple sectors.
Ashish Narula
Mr. Ashish Narula acts as HFDC Pension Fund’s Chief Investment Officer and its Fund Manager. He has over 14 years of experience in financial markets with exposure to different products in equity as well as fixed income.
Portfolio Details of HDFC Pension Fund
HDFC Pension Fund NPS Tier 1 Account
The value of total assets under management (AUM) for HDFC NPS Tier 1 is Rs. 3,289 crore.
| Details/Scheme | Equity | Corporate Bonds | Government Bonds | Alternative Assets |
| Scheme Inception Date | August 1, 2013 | October 10, 2016 | ||
| Asset Under Management (AUM) | Rs. 1,413 crore | Rs. 805 crore | Rs. 1,068 crore | Rs. 3 crore |
| Top 5 Holdings | Reliance
Industries, Infosys, Kotak Mahindra Bank, ITC, ICICI Bank |
9.30% Shriram
Transport Fin NCD 2023, 9.95% Food Corporation of India Ltd 2022, 9.10% Capital First Ltd Mat 2021, 8.45% Sikka Ports & Terminals Limited NCD Mat 2023, 9.34% Rural Electrification Corp Ltd Mat 2024 |
7.59% GOI 2026,
6.57% GOI 2033, 7.40% GOI 2035, 8.17% GOI 2044, 8.33% GOI 2036 |
9.50 Indusind
Bank Perpetual AT1 (Call 2022), 9.20 ICICI Bank Perpetual AT1 (Call 2022,) 8.75 Axis Bank Perpetual AT1 Series26(Call 2021), 8.15 SBI Bank Perpetual AT1 (Call 2022) |
| Weightage of Top 5 Holdings | 27.28% | 18.07% | 35.11% | 84.18% |
| Top 3 Sectors | Banking, IT | House credit granting institutions, electric energy transmission lenders and other credit granting institutions | Central
Government loans, State Government loans, other financial services |
Banking, IT |
HDFC Pension Fund NPS Tier 2 Account
The value of total assets under management (AUM) for HDFC NPS Tier 2 is Rs. 116 crore.
| Details/Scheme | Equity | Corporate Bonds | Government Bonds |
| Scheme Inception Date | August 1, 2013 | August 1, 2013 | August 1, 2013 |
| Asset Under Management (AUM) | Rs. 53 crore | Rs. 32 crore | Rs. 31 crore |
| Top 5 Holdings | Reliance
Industries, Infosys, Kotak Mahindra Bank, ITC, ICICI Bank |
9.30% Shriram
Transport Fin NCD 2023, 8.54% NHPC NCD 2026, 9.95% Food Corporation of India Ltd 2022, 8.45% Sikka Ports & Terminals Limited NCD 2023, 8.14% Nuclear Power Corp. 2026(Tranche A) |
7.40% GOI 2035,
8.32% GOI 2032, 8.17% GOI 2044, 6.68% GOI 2031, 8.15% GOI 2026 |
| Weightage of Top 5 Holdings | 28.26% | 24.62% | 35.12% |
| Top 3 Sectors | Banking, IT | Banking, other credit granting institutions, hydroelectricity | Central
Government loans, State Government loans, other financial service activities |
*All above details are as on September 24, 2018.