Fundalysisby DARKHORSESTOCKS

Fund manager · HDFC

Bhavyesh Divecha

Fund Manager and Credit Analyst - Fixed Income at HDFC. Runs 3 schemes worth ₹11,161 Cr.

  • Fund house

    HDFCThey run their schemes at HDFC.

  • AUM they run

    ₹11,161 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.

  • Schemes

    3 now · 0 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Mar 2025.

  • Experience

    19 yearsCollectively around 19 years experience, of which 16 years are in credit risk analysis and investment research.

Profile(HDFC's SAI, 30 Jun 2026)

About

Role
Fund Manager and Credit Analyst - Fixed Income
Studied
CFA - L3 (CFA Institute, USA), PGDM (IIM – Ahmedabad), B.E. Computers, (Mumbai University)
Age
40 years
Experience
Collectively around 19 years experience, of which 16 years are in credit risk analysis and investment research.

Schemes now3

  1. HDFC Credit Risk Fund₹7,631 Cr
  2. HDFC Medium Term Fund₹3,499 Cr
  3. HDFC Income Plus Arbitrage Omni FoF₹31.3 Cr

AUM they run(Mar 2025 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 202611,161−1.2%
Aug 202611,295−0.1%
Jul 202611,307−0.5%
Jun 202611,361+1.1%
May 202611,242−0.5%
Apr 202611,299+7.9%
Mar 202610,467+170.1%
Feb 20263,876+0.3%
Jan 20263,863+0.5%
Dec 20253,842−1.1%
Nov 20253,883−0.3%
Oct 20253,895+1.4%
AUM at month end, Sept 2026
₹11,161 Cr
+186.6% since Oct 2025
Fig. 1.The AUM of the schemes Bhavyesh Divecha ran at each month's end, each only in the months they ran it, ₹ crore. A scheme two people run counts in full for both. Source: AMFI.

Schemes over time(Mar 2025 – now)

  1. Medium Term Fund
  2. Credit Risk Fund
  3. Income Plus Arbitrage Omni FoF
HDFC2026
Fig. 1.The schemes they ran when, the oldest first: each from the date its fund house gives, or the first document listing them where it gives none, to when they left, coloured by fund house.

Schemes(Mar 2025 – now)

HDFC

3 now · since Mar 2025
  1. HDFC Credit Risk Fund
    Fund managerMar 2026—8m₹7,631 CrCredit RiskTER 1.01%

Source.Each scheme's Scheme Summary Document at AMFI and its filings at NSE.

Performance(3 schemes)

Growth · Direct plans

Return as manager
+7.27%
Beat peers
1 of 1
vs peers
+0.08 pt
Longest run
1.6 years
Beat benchmark
Upcoming
Each scheme Bhavyesh Divecha ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.
HDFC Medium Term Fund
Mar '25–now · 1.6y
+7.27%+7.19%+0.08 pt––
HDFC Credit Risk Fund
Mar '26–now · 0.6y
+3.92%+4.57%−0.65 pt––
HDFC Income Plus Arbitrage Omni FoF
Mar '26–now · 0.6y
+4.26%+1.35%+2.91 pt––
Fig. 1.Each scheme Bhavyesh Divecha ran, against its peers and benchmark over the same months. Source: AMFI.

Works with(2 now)

  1. Praveen JainCredit Risk Fund · Medium Term Fund · Income Plus Arbitrage Omni FoF3 schemes
  2. Anil BamboliMedium Term Fund1 scheme

Career(Jul 2005 – now)

HDFC Asset Management Company Limited

  1. Position not stated
    Feb 2017—9y 9m

L&T Investment Management Limited

  1. Credit Analyst
    Apr 2014—Feb 20172y 11m

ICRA Limited

  1. Senior Analyst
    Jan 2010—Mar 20144y 3m

FinIQ Consulting Private Limited

  1. Financial Engineer
    Apr 2009—Dec 20099m

Tata Consultancy Services Limited

  1. Asst. System Engineer
    Jul 2005—May 20071y 11m

Source.HDFC's Statement of Additional Information, as of 30 Jun 2026.