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HDFC Mutual Fund

HDFC Mutual Fund is one of the leading asset management company and fund houses of India. They provide a plethora of financial services and products when it comes to mutual funds and SIPs.

The HDFC Asset Management Company Ltd (AMC) was incorporated under the Companies Act, 1956, on December 10, 1999, and was approved to act as an Asset Management Company for the HDFC Mutual Fund by SEBI vide its letter dated July 3, 2000.

Recently, they have acquired Morgan Stanley’s business worth INR. 3,290 crore with respect to eight mutual fund schemes.

Types of Mutual Funds offered by HDFC Mutual Fund

  • Equity Growth Funds: The fund is primarily made up of equities and shares, it is suitable for short-term or long term investment.

  • Debt Income Funds: These funds aim at investing in debt instruments such as bonds, debts and money markets.

  • Liquid Funds: Liquid funds make investment in securities and usually come with a maturity period of 91 days. They offer minimum risk to investors.

  • Children’s Gifts Funds: This fund was kept in mind for achieving long term goals such as to meet children’s college expenses. It is suitable for long-term investment.

  • Fixed Maturity Plans: Here the investment is made in debt and government securities. They involve low risk for investors.

  • Exchange Traded Funds: Also known as ETFs, these funds are traded in the stock market in the form of gold.

  • Rajiv Gandhi Equity Savings Scheme: An equity investment scheme which offers tax benefits of the investor.

  • Quarterly Interval Funds: These funds allow investors to make investment in both open ended and close ended funds.

  • Fund of Fund Schemes: This scheme invests in other mutual funds. Returns offered by these schemes general have a higher return compared to normal mutual funds.

  • Annual Interval Fund: Series 1 - These mutual funds invest in government securities and money markets.

Mutual Funds Offered by HDFC

Top 10 HDFC Mutual Fund Schemes

Scheme NameLatest NAV1 year Return(%)AUM (Rs. cr.) March - 2018
HDFC Banking & PSU Debt - Reg (G)14.22 4.2 1,064.94
HDFC Banking & PSU Debt -Direct (G) 14.38 4.6 2,891.28
HDFC Capital Builder Value Fund (G) 307.11 18.7 2,115.78
HDFC Capital Builder Value Fund - D (G) 321.62 20.1 457.76
HDFC Credit Risk Debt Fund (G) 14.58 3.9 11,131.67
HDFC Credit Risk Debt Fund - D (G) 15.16 4.8 2,635.10
HDFC Dynamic Debt Fund (G) 58.93 0.2 1,056.48
HDFC Dynamic Debt Fund - D (G) 61.52 0.8 581.63
HDFC Equity Fund (G) 652.69 13.3 15,669.21
HDFC Equity Fund - Direct (G) 682.84 14.4 6,217.57

Who is Eligible for HDFC Mutual Funds

The following individuals and institutions are eligible for investing mutual funds.

  • Banking companies
  • Companies
  • FIIs - Foreign Institutional Investors
  • Hindu Undivided Families
  • Insurance companies
  • NRIs - Non Residential Indians
  • Parents or lawful guardians on behalf of minors
  • Partnership firms
  • Pension funds
  • Public financial institutions
  • Resident individuals
  • Trusts

Why Choose HDFC Mutual Funds

With numerous plans that cater to every investor and entity, HDFC Mutual Fund is a fund house that provides the best investment for every customer base. From tax-saving to wealth creation to retirement, you name it and HDFC Mutual Fund has it all. Also, a lot of their funds have a CRISIL rating of 3 or more which is a healthy indicator of their fund management.

Documents Required for HDFC Mutual Funds

The following documents are required for purchasing a mutual fund plan:

  • Application Form for the fund and mode of payment (SIP).

  • KYC documents - Know Your Customer.

  • Self attested copy of Id and Address proof.

  • Third party declaration form if you are investing in behalf of a minor.

FAQs on HDFC Mutual Fund

How can I apply for a SIP from HDFC Mutual Funds?

If you want to invest through an SIP, you will have to fill in the application form for the mutual fund you want to invest in and select SIP mode of investment. The form will have to be submitted together with an auto-debit form at the branch itself.

What is meant by switch?

A switch is basically when an investor transfers or shifts his investment from one scheme to another.

How do I buy HDFC Mutual Fund plan online?

You can buy an HDFC Mutual Fund online from the official website of HDFC Mutual Fund - investor.hdfcfund.com/mfonline.

How do I contact HDFC Mutual Fund Company?

You can contact HDFC Mutual Fund at 1800-3010-6767 or cliser@hdfcfund.com

How do I login HDFC Mutual Fund Company website?

You can login at the official webpage of HDFC mutual fund with your login id.

What is NAV (Net Asset Value)?

NAV, or Net Asset Value, as it is called in its extended form, is the market value of the scheme’s assets. The price at which you buy a single unit of a mutual fund.

Is NAV the same as the selling price?

The selling price of schemes may vary because of exit loads. For instance, if a scheme is currently at Rs.20 in terms of NAV, and an exit load of 1% is charged on it, then the effective price at the time of sale will be Rs.19.8.

What is an exit load?

An exit load is basically the charge levied by a fund house for the sale of units.

What are ETFs?

ETFs, or Exchange Traded Funds as they are called in their extended form, are funds whose units are listed on stock exchanges. These units can be purchased and sold in the same manner that stocks are purchased and sold.

How will I get my redemption amount?

The amount at the time of redemption is usually paid through direct debit via NEFT or RTGS, or via cheque.

Will I have to pay anything when redeeming my scheme?

In case the scheme in which you invested does not have an “exit load”, you will not be charged anything. But if it does, the amount charged as exit load will be subtracted from the amount payable to you.