HDFC Credit Risk De

Portfolio as on 31-Aug-2021

ISIN Coupon (%)

DEBT INSTRUMENTS
(a) Listed / awaiting listing on Stock Exchanges
Government Securities (Central/State)
IN0020170174 7.17
IN0020170026 6.79
IN3120150211 8.53
IN0020190016 7.27
IN1520190043 7.89
IN0020180488 7.32
IN1520170110 7.62
IN3120160046 7.98
IN0020150093 7.59
IN0020150036 7.72
IN1520190092 7.02
IN0020200278 5.15
IN1520200339 6.18
Non-Convertible debentures / Bonds
l INE343G08018 6
l INE790Z07038 9.04
l INE01XX07026 8.9508
l INE134E08JX9 9.1
l INE722A07AH3 9.7
l INE160A08134 8.98
l INE205A07071 8.75
l INE295J08022 9.9
l INE477K07018 9.15
l INE155A08415 8.5
INE155A08407 8.5
INE271C07194 9.5
INE041007050 6.4
INE066P07018 9.5
INE729N08048 9.4
INE148I07GE8 8.75
INE941D07208 6.75
INE118D07187 6
INE510W07060 9.5
INE160A08100 8.95
INE725H08030 8.75
INE909H08378 7.9926
INE641N08086 9.24
INE115A08377 7.7
INE261F08DF7 5.27
INE020B08AH8 7.95
INE219X07124 7.25
INE245A08042 10.75
INE205A07162 8.9
INE242A08486 5.5
INE01WN07037 7.5
INE115A08369 7.05
INE641N08052 9.01
INE641N08060 9.11
INE641N08078 9.21
INE917M07118 8.9
INE917M07126 8.9
INE020B08CX1 7.96
INE721A07NS5 8.72
INE917M07084 8.9
INE917M07092 8.9
INE917M07100 8.9
INE917M07134 8.9
INE205A07188 8.75
INE053F07BA5 8.55
INE733E07JX0 8.19
INE733E07KA6 8.05
INE020B08BU9 8.3
INE965R07199 11.95
INE965R07173 11.95
INE134E08KV1 7.75
INE020B08CU7 7.55
INE725H08048 8.1
INE148I07GF5 8.9
INE562A08065 8.44
INE053F08106 6.89
INE219X07140 7.25
INE118D07153 8.75
INE965R07207 11.95
INE733E07KC2 8.1
INE020B08BP9 8.97
INE852F07103 11.5
INE852F07111 11.5
INE852F07129 11.5
INE852F07137 11.5
INE965R07165 11.95
INE965R07181 11.95
 INE110L08037 9.25
Zero Coupon Bonds / Deep Discount Bonds
INE265J07266
INE265J07241
Sub Total
(b) Privately Placed / Unlisted
Non-Convertible debentures / Bonds
INE269U07018 8.75
INE347U07012 8.75
INE327U07014 8.75
INE258U07011 8.75
INE268U07010 8.75
INE328U07012 8.75
INE257U07013 8.75
INE387U07018 8.75
INE336U07015 8.75
INE259U07019 8.75
Sub Total
Total
UNITS ISSUED BY REIT & INVIT
Units issued by InvIT
INE0GGX23010
Sub Total
Total
MONEY MARKET INSTRUMENTS
TREPS - Tri-party Repo

Reverse Repo

Sub Total
Total
OTHERS
Net Current Assets

Sub Total
Total

Grand Total
| Top Ten Holdings
+ Industry Classification as recommended by AMFI

£ Sponsor

** Thinly Traded/ Non-Traded Securities (Equity) as on August 31, 2021

^ Non-Traded Securities (Debt) as on August 31, 2021

# Non Sensex Scrips

@ Less than 0.01%.

~ YTC i.e. Yield to Call is disclosed at security level only for Additional Tier 1 Bonds and Tier 2 Bonds issued by Banks as per AMFI Best Practices Notification 135/BP/91/2020-2

Portfolio Classification by Asset Class(%)

Units issued by InvIT
G-Sec, SDL
Credit Exposure
Cash, Cash Equivalents and Net Current Assets
Portfolio Classification by Rating Class(%)
Units issued by InvIT
Sovereign
AAA/AAA(SO)/A1+/A1+(SO) & Equivalent
AA+
AA/AA-
A+ to BBB-
Cash, Cash Equivalents and Net Current Assets

Notes :
1) NAV History
NAVs per unit (Rs.) August 31, 2021
Quarterly IDCW Option 10.5548
Quarterly IDCW - Direct Plan 10.8164
Growth Option 18.9594
Growth Option - Direct Plan 20.0090
IDCW Option 17.4577
IDCW Option - Direct Plan 17.5394

Dividend History - Dividend declared during the fortnight ended August 31, 2021 : Nil

2) Total below investment grade or default provided for and its percentage to NAV : Rs. 6765.65 Lacs (0.81%)
Pursuant to SEBI circular SEBI/HO/IMD/DF4/CIR/P/2019/102  dated September 24, 2019 read with circular no. SEBI/HO/IM
in case of which issuer has defaulted beyond its maturity date

ISIN Security
12.15% Simplex Infra Ltd. Sr VI (Op
INE059B07120 B) NCD - ISD 220115 MAT 220120
11.55% Simplex Infra Ltd. NCD - P/C
INE059B07138 170618 ISD 170615 MAT 170620
11.55% Simplex Infra Ltd. NCD - P/C
INE059B07146 170618 ISD 240715 MAT 170620

3) Total investments in Foreign Securities / Overseas ETFs / ADRs / GDRs : Nil

4) Repo in Corporate Debt : Nil
5) Total outstanding exposure in Derivative Instruments as on Aug 31, 2021 : Nil
6) Average Portfolio Maturity (other than equity investments): 1077.12 Days
7) Debt instruments having structured obligations or credit enhancement features have been denoted with suffix as (SO) o
8) Pursuant to SEBI Circular SEBI/HO/IMD/DF3/CIR/P/2020/194 dated October 05, 2020, name of all the existing dividend
9) For Risk-o-meter, please refer latest available Monthly Portfolio
10) Disclosure vide circular no. SEBI/HO/IMD/DF4/CIR/P/2019/41 dated March 22, 2019 & SEBI/HO/IMD/DF4/CIR/P/2019/
In case of below securities, HDFC Mutual Fund has ignored prices provided by valuation agencies, for detailed rationale alo

Name of the Security ISIN

8.3873% Indiabulls Hsg Fin Ltd (Sr. K
-010) NCD - ISD 190318 MAT 150621 INE148I07IT2
8.75% Indiabulls Housing Finance Ltd
NCD Opt III A - Mat 240921 INE148I07GE8
8.90% Indiabulls Housing Finance Ltd
NCD Option IIIB- Mat 240921 INE148I07GF5
 HDFC Credit Risk Debt Fund (AN OPEN-ENDED DEBT SCHEME)

Name Of the Instrument Industry+ /Rating

7.17 GOI 2028 Sovereign

6.79 GOI 2027 Sovereign
8.53% Tamil Nadu SDL - Mat 090326^ Sovereign
7.27 GOI 2026 Sovereign
7.89% Gujarat SDL - Mat 150525^ Sovereign
7.32 GOI 2024 Sovereign
7.62% Gujarat SDL - Mat 011127^ Sovereign
7.98% Tamil Nadu SDL - Mat 250526^ Sovereign
7.59 GOI 2026 Sovereign
7.72 GOI 2025 Sovereign
7.02% Gujarat SDL - Mat 280826 Sovereign
5.15 GOI 2025 Sovereign
6.18% Gujarat SDL - Mat 310326^ Sovereign

Bharti Hexacom Limited^ CRISIL - AA

IndInfravit Trust^ CRISIL - AAA
Pipeline Infrastructure Pvt. Ltd.^ CRISIL - AAA
Power Finance Corporation Ltd.^ CRISIL - AAA
Shriram City Union Finance Ltd.^ CRISIL - AA
Punjab National Bank (Perpetual) (AT1) (Basel III)^ CRISIL - AA-
Vedanta Ltd.^ CRISIL - AA-
Coastal Gujarat Power Ltd. (Corporate Guarantee of Tata Power CARE - AA(CE)
Green Infra Wind Energy Ltd^ CRISIL - AA
Tata Motors Ltd.^ CRISIL - AA-
Tata Motors Ltd.^ CRISIL - AA-
DLF LIMITED^ ICRA - A+
Embassy Office Parks REIT^ CRISIL - AAA
INOX Wind Ltd^ CRISIL - AA(CE)
TVS Credit Services Ltd^ CRISIL - AA-
Indiabulls Housing Finance Ltd.^ CARE - AA
Sikka Port and Terminal Ltd. (erstwhile Reliance Ports and TermiCRISIL - AAA
Nuvoco Vistas Corporation Ltd. (100% subsidiary of Nirma Ltd. &CRISIL - AA
INOX WIND INFRASTRUCTURE SERVICES Ltd.^ CRISIL - AA(CE)
Punjab National Bank (Perpetual) (AT1) (Basel III)^ IND - AA
Tata Projects Ltd.^ IND - AA
TMF Holdings Ltd. (Subsidiary of Tata Motors Ltd.) (Perpetual)^ CRISIL - AA-
Ashoka Concession Ltd.^ CRISIL - AA-(CE)
LIC Housing Finance Ltd.^ CRISIL - AAA
National Bank for Agri & Rural Dev. CRISIL - AAA
REC Limited.^ CRISIL - AAA
India Grid Trust^ IND - AAA
The Tata Power Company Ltd.^ CRISIL - AA
Vedanta Ltd.^ CRISIL - AA-
Indian Oil Corporation Ltd.^ CRISIL - AAA
Motilal Oswal Finvest Limited^ CRISIL - AA-
LIC Housing Finance Ltd.^ CRISIL - AAA
Ashoka Concession Ltd.^ CRISIL - AA-(CE)
Ashoka Concession Ltd.^ CRISIL - AA-(CE)
Ashoka Concession Ltd.^ CRISIL - AA-(CE)
Dilip Buildcon Ltd.^ CRISIL - A
Dilip Buildcon Ltd.^ CRISIL - A
REC Limited.^ CRISIL - AAA
Shriram Transport Finance Co. Ltd.^ IND - AA+
Dilip Buildcon Ltd.^ CRISIL - A
Dilip Buildcon Ltd.^ CRISIL - A
Dilip Buildcon Ltd.^ CRISIL - A
Dilip Buildcon Ltd.^ CRISIL - A
Vedanta Ltd.^ CRISIL - AA-
Indian Railways Finance Corp. Ltd.^ CRISIL - AAA
NTPC Limited^ CRISIL - AAA
NTPC Limited^ CRISIL - AAA
REC Limited.^ CRISIL - AAA
GERA Development Pvt. Ltd.^ CARE - AA-
GERA Development Pvt. Ltd.^ CARE - AA-
Power Finance Corporation Ltd.^ CRISIL - AAA
REC Limited.^ CRISIL - AAA
Tata Projects Ltd.^ IND - AA
Indiabulls Housing Finance Ltd.^ CARE - AA
Indian Bank (Perpetual) (AT1) (Basel III)^ CRISIL - AA
Indian Railways Finance Corp. Ltd. CRISIL - AAA
India Grid Trust^ ICRA - AAA
Nuvoco Vistas Corporation Ltd. (100% subsidiary of Nirma Ltd. &CRISIL - AA
GERA Development Pvt. Ltd.^ CARE - AA-
NTPC Limited^ CRISIL - AAA
REC Limited.^ CRISIL - AAA
Gateway Distriparks Ltd.^ IND - AA-
Gateway Distriparks Ltd.^ IND - AA-
Gateway Distriparks Ltd.^ IND - AA-
Gateway Distriparks Ltd.^ IND - AA-
GERA Development Pvt. Ltd.^ CARE - AA-
GERA Development Pvt. Ltd.^ CARE - AA-
Reliance Industries Ltd.^ CRISIL - AAA

JM Financial Asset Reconstruction Co.^ ICRA - AA-

JM Financial Asset Reconstruction Co.^ ICRA - AA-

Aarish Solar Power Pvt. Ltd. (Greenko)^ CARE - AA(CE)

Aashman Energy Pvt. Ltd. (Greenko)^ CARE - AA(CE)
Divyesh Power Pvt. Ltd. (Greenko)^ CARE - AA(CE)
Elena Renewable Energy Pvt. Ltd. (Greenko)^ CARE - AA(CE)
Pratyash Renewable Pvt. Ltd. (Greenko)^ CARE - AA(CE)
SEI Baskara Power Pvt. Ltd. (Greenko)^ CARE - AA(CE)
SEI Enerstar Renewable Energy Pvt. Ltd. (Greenko)^ CARE - AA(CE)
SEI Mihir Energy Pvt. Ltd. (Greenko)^ CARE - AA(CE)
Shreyas Renewable Energy Pvt. Ltd. (Greenko)^ CARE - AA(CE)
Zuvan Energy Pvt. Ltd. (Greenko)^ CARE - AA(CE)

POWERGRID Infrastructure Investment Trust Power

TREPS - Tri-party Repo

Reverse Repo

Net Current Assets

ds issued by Banks as per AMFI Best Practices Notification 135/BP/91/2020-21 read with SEBI circular SEBI/HO/IMD/DF4/CIR/P/2021/034

1.55
7.65
79.08
11.72

1.55
7.65
23.21
0.37
51.40
4.10
11.72

August 13, 2021

10.5044
10.7619
18.8689
19.9082
17.3743
17.4510

st 31, 2021 : Nil

ntage to NAV : Rs. 6765.65 Lacs (0.81%)

September 24, 2019 read with circular no. SEBI/HO/IMD/DF4/CIR/P/2019/41 dated March 22, 2019. Below are the details of the securities

Value of the security considered under net receivables (i.e. value recognized in NAV in
absolute terms and as % to NAV)

2,725.35 0.33%

2,643.27 0.32%

1,306.66 0.16%

1, 2021 : Nil
ment features have been denoted with suffix as (SO) or (CE) respectively against the ratings of the instrument
d October 05, 2020, name of all the existing dividend plan / option of all mutual fund schemes has been renamed as IDCW (Income Distrib

ted March 22, 2019 & SEBI/HO/IMD/DF4/CIR/P/2019/102 dated September 24,2019

vided by valuation agencies, for detailed rationale along with other details are available at the below mentioned links.

Links No. of Instances

https://files.hdfcfund.com/s3fs-public/2019-11/Rationale%20f 1

https://files.hdfcfund.com/s3fs-public/2019-11/Rationale%20f 1

https://files.hdfcfund.com/s3fs-public/2019-11/Rationale%20f 1
DEBT SCHEME)

Market/ Fair Value (Rs. ~YTC (AT1/Tier

Quantity in Lacs.) % to NAV Yield 2 bonds)

12,500,000 13,205.94 1.59 6.0800

7,500,000 7,800.21 0.94 5.9500
7,000,000 7,716.95 0.93 5.9150
6,000,000 6,362.99 0.77 5.7500
4,000,000 4,313.98 0.52 5.5150
4,000,000 4,259.91 0.51 4.4400
3,500,000 3,725.31 0.45 6.3400
3,000,000 3,241.07 0.39 6.0000
2,500,000 2,686.05 0.32 5.6400
2,500,000 2,700.00 0.32 5.3300
2,500,000 2,603.13 0.31 6.0500
2,500,000 2,480.41 0.30 5.3600
2,500,000 2,529.42 0.30 5.8800

3,600 36,166.07 4.35 5.7700

3,500 35,947.63 4.33 6.2600
3,200 34,523.58 4.15 5.7350
2,790 31,212.15 3.76 7.0100
28,000 28,263.31 3.40 7.4200
2,425 24,829.74 2.99 8.6100 6.1084
2,327 23,299.72 2.80 5.9000
2,030 23,049.55 2.77 7.3500
2,350 22,665.30 2.73 7.8650
2,000 21,078.66 2.54 7.2450
1,900 20,243.95 2.44 6.9750
1,500 15,099.65 1.82 7.9000
1,500 15,122.94 1.82 6.1200
1,350 13,607.19 1.64 9.0750
1,300 13,112.22 1.58 9.1700
1,295,512 12,959.81 1.56 7.5900
1,250 12,724.34 1.53 6.2800
1,250 12,575.09 1.51 4.8100
1,150 11,571.04 1.39 9.0700
1,100 11,150.54 1.34 8.9350 6.1838
1,000 10,378.03 1.25 5.7400
1,000 9,771.39 1.18 8.5600
 800 8,035.74 0.97 9.0400
750 7,723.45 0.93 7.2450
750 7,529.56 0.91 5.1200
650 6,915.08 0.83 6.5250
500 5,131.83 0.62 6.3950
480 5,060.31 0.61 5.0150
500 5,031.36 0.61 6.1500
500 4,987.42 0.60 5.5650
500 4,972.44 0.60 8.0550
500 4,934.03 0.59 7.2400
400 4,004.46 0.48 8.9450
400 4,013.46 0.48 8.8700
400 4,019.19 0.48 8.9850
350 3,483.61 0.42 9.7000
350 3,474.23 0.42 9.8700
300 3,163.13 0.38 7.1000
300 3,045.38 0.37 7.6050
300 2,999.50 0.36 8.9850
300 2,995.94 0.36 9.1850
300 2,995.62 0.36 9.3800
300 2,967.20 0.36 10.0200
275 2,795.01 0.34 6.5650
250 2,761.56 0.33 6.7250
250 2,754.66 0.33 5.4500
250 2,718.14 0.33 5.8500
250 2,702.72 0.33 6.9150
250 2,620.14 0.32 8.7300
250 2,554.53 0.31 7.9000
250 2,617.56 0.31 7.0100
250 2,584.33 0.31 7.0100
250 2,566.98 0.31 5.2650
250,000 2,501.12 0.30 7.5900
250 2,482.30 0.30 8.5400 8.6240
250 2,500.71 0.30 6.8900
200 2,065.44 0.25 5.8400
180 1,803.42 0.22 3.7300
100 1,058.91 0.13 8.9300
100 1,090.31 0.13 5.8500
100 1,110.83 0.13 7.0200
100 1,012.38 0.12 9.5800
100 1,012.38 0.12 9.5800
100 1,012.38 0.12 9.5800
100 1,012.38 0.12 9.5800
32 320.59 0.04 7.3250
6 62.17 0.01 8.4100
 6 66.23 0.01 5.1500

760 10,223.38 1.23 6.7100

500 6,767.79 0.81 6.7100
663,238.56 79.83

6,649 5,704.43 0.69 7.4050

6,649 5,704.43 0.69 7.4050
6,649 5,704.43 0.69 7.4050
6,649 5,704.43 0.69 7.4050
6,649 5,704.43 0.69 7.4050
6,649 5,704.43 0.69 7.4050
6,649 5,704.43 0.69 7.4050
6,649 5,703.49 0.69 7.4750
6,649 5,704.43 0.69 7.4050
6,649 5,704.43 0.69 7.4050
57,043.36 6.90
720,281.92 86.73

10,619,400 12,890.89 1.55

12,890.89 1.55
12,890.89 1.55

46,661.84 5.61

14,248.72 1.71
60,910.56 7.32
60,910.56 7.32

36,997.06 4.40
36,997.06 4.40
36,997.06 4.40

831,080.43 100.00
w are the details of the securities

Total amount (including principal and

interest) that is due to the scheme on
that investment

5,537.53

5,283.65

2,612.60
enamed as IDCW (Income Distribution cum Capital Withdrawal) Plan / Option with effect from April 01, 2021

ioned links.
Income Hybrid