HDFC Mutual Fund

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HDFC
Mutual Fund

HDFC Trustee Company Limited is the trustee to the mutual fund. The HDFC Mutual Fund is sponsored by the Housing Development Finance Corporation Limited (HDFC Ltd.) and the Standard Life Investments Limited.

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On HDFC Mutual Fund Official Website

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Updated: 29-05-2024 05:23:48 PM

Key Features and Advantages

The HDFC Mutual Fund is driven by their own investment philosophy. Based on their investment philosophy, the key features of the HDFC Mutual Fund can be listed as follows:

  1. Profitable Investment: This is the most important factor that drives the HDFC Mutual Fund. It believes that the best way to invest profitably is to provide the investors with the chance to invest in the financial market profitably and reduce the tensions pertaining to the swings in the market.
  2. Risk Control: HDFC Mutual Fund provides emphasis on the management and control of portfolio risks. This helps them to avoid chasing the latest trends and “fads”.
  3. Detailed Analysis and Research: HDFC Mutual Fund believes that analysis and research are the keys to success in the financial market. Thus, it has set up a well-built infrastructure that helps them conduct the fundamental research. The researches are backed up by effective analysis.

Types of Mutual Funds Offered by HDFC Asset Management Company

The following are the different kinds of mutual funds offered by HDFC Asset Management Company Ltd.:

  • Equity/Growth Funds
  • Debt/Income Funds
  • Liquid Funds
  • Children’s Gift Funds
  • Retirement Savings Funds
  • Fixed Maturity Plans
  • Exchange Traded Funds
  • Rajiv Gandhi Equity Savings Scheme
  • Dual Advantage Funds
  • Capital Protection Oriented Schemes
  • Fund of Fund Schemes
  • Annual Interval Fund – Series 1
  • Cancer Cure Fund

Who is Eligible for HDFC Mutual Funds?

The following entities can invest in HDFC Mutual Funds:

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

Documents Required for HDFC Mutual Funds

The following are the documents you will need to invest in HDFC Mutual Funds:

  • Application form (one for opening a mutual fund account, one if you want to select an SIP, and one if you want to transfer funds electronically from your bank account)
  • KYC documents (KYC individual form along with a passport-sized photograph)
  • Identity proof (any one of Passport, Driving License, PAN, Aadhaar Card, or Voter’s ID)
  • Address proof (any one of Passport, Aadhaar Card, Driving License, Voter’s ID, Ration Card, utility bills such as gas bill, electricity bill, or telephone bill, or flat maintenance bill, passbook, insurance copy, bank account statement, or registered sale/lease agreement of residence)
  • Third party declaration in case of investment on behalf of a minor (Third party declaration form)

How to Invest in HDFC Mutual Funds Online?

Investing in HDFC Mutual Funds online is as easy as it gets. The HDFCMF Online facility introduced by HDFC enables customers to transact online at any time.

By using this facility, you can purchase switch, redeem, view your account details, register for SIPs/STPs, check the valuation of your portfolio and download account statements with relative ease. To transact online, all you need is an existing folio, an email address that is registered in the folio, and your HDFC Personal Identification Number.

Why Choose HDFC Mutual Funds?

HDFC is one of the most popular financial institutions in India due to the fact that it offers some truly exceptional products and services. Purchasing mutual funds from HDFC can prove beneficial in the long term because the fund house has a large number of mutual funds that cater to the investment needs of a diverse customer base. A number of the mutual funds offered by the company have been ranked highly by CRISIL.

Some mutual funds offered by HDFC, such as the equity-linked savings schemes and other tax-saving schemes, can also help in getting tax benefits. The company’s portfolio also consists of investment options that have low, medium, and high risk, which makes it easy for customers to pick an option based on their risk appetite.

Equity Funds Offered by HDFC Asset Management Company Ltd.

The following are the equity/growth funds offered by HDFC Asset Management Company Ltd.:

HDFC Housing Opportunities Fund – Series 1:

Fund Type Close-ended thematic equity scheme
Entry Load N/A
Exit Load N/A
Benchmark India Housing & Allied Business Index
Fund Manager Srinivas Rao Ravuri and Rakesh Vyas
Risk Factor High

Investment Objective of the HDFC Housing Opportunities Fund – Series 1

The investment objective of the HDFC Housing Opportunities Fund – Series 1 is to offer capital appreciation over the long term by making investments primarily in equity and equity-related instruments of companies that are involved in and/or forecast to benefit from growth in the housing sector and business activities associated with it.

Who is the HDFC Housing Opportunities Fund – Series 1 for?

The HDFC Housing Opportunities Fund – Series 1 offers both the regular as well as the direct option. The regular option is ideal for those who want to route their investment via any distributor, while the direct option is perfect for those who want to make investments directly rather than routing them via any distributor.

HDFC Equity Fund

Fund Type Open-ended growth scheme
Entry Load N/A
Exit Load In case units are switched-out or redeemed within a year from the date on which they were allotted, an exit load of 1% will be applicable.In case units are switched-out or redeemed after a year from the date on which they were allotted, there will be no exit load.
Benchmark Nifty 500
Fund Manager Rakesh Vyas and Prashant Jain
Risk Factor Moderately high

Investment Objective of the HDFC Equity Fund

The investment objective of the HDFC Equity Fund is to generate capital appreciation via investment in equities and equity-related instruments.

Who is the HDFC Equity Fund for?

The HDFC Equity Fund – Direct Plan is ideal for investors who subscribe for or purchase units in a scheme directly with the fund rather than those whose investments are routed via a distributor.

HDFC Top 100 Fund

Fund Type Open-ended growth scheme
Entry Load N/A
Exit Load In case units are switched-out or redeemed within a year from the date on which they were allotted, an exit load of 1% will be applicable.In case units are switched-out or redeemed after a year from the date on which they were allotted, there will be no exit load.
Benchmark S&P BSE 200
Fund Manager Rakesh Vyas and Prashant Jain
Risk Factor Moderately high

Investment Objective of HDFC Top 100 Fund

The investment objective of the HDFC Top 100 Fund is to generate capital appreciation in the long term by making investments in a portfolio comprising of equity and equity-related instruments of companies in the BSE 200 index.

Who is the HDFC Top 100 Fund for?

The HDFC Top 100 Fund is ideal for investors who look for long-term capital appreciation via investments in equity and equity-related instruments of companies in the S&P BSE 200 Index.

Investment Objective of HDFC Mid-Cap Opportunities Fund

The investment objective of the HDFC Mid-Cap Opportunities Fund is to generate capital growth over the long term via investment in a portfolio that mainly comprises of equity and equity-related instruments of small- and mid-cap companies.

Who is the HDFC Mid-Cap Opportunities Fund for?

The HDFC Mid-Cap Opportunities Fund is ideal for investors who want long-term capital appreciation through investment mainly in equity and equity-related instruments of small- and mid-cap companies.

HDFC Prudence Fund

Fund Type Open-ended balanced scheme
Entry Load N/A
Exit Load The redemption of up to 15% of the units allotted will be without any exit load.In case units are switched-out or redeemed within a year from the date on which they were allotted, an exit load of 1% will be applicable.In case units are switched-out or redeemed after a year from the date on which they were allotted, there will be no exit load.
Benchmark CRISIL Balanced Fund Index
Fund Manager Rakesh Vyas and Prashant Jain
Risk Factor Moderately high

Investment Objective of HDFC Prudence Fund

The investment objective of the HDFC Prudence Fund is to offer long-term capital appreciation along with periodic returns via investment in a judicious combination of debt and equity instruments, with the objective to minimise/prevent the erosion of capital.

Who is the HDFC Prudence Fund for?

The HDFC Prudence Fund is ideal for investors who want periodic income along with capital growth whilst ensuring that their capital will remain safe from erosion over the long term.

HDFC Balanced Fund

Fund Type Open-ended balanced scheme
Entry Load N/A
Exit Load The redemption of up to 15% of the units allotted can be done without any exit load.In case units are switched-out or redeemed within a year from the date on which they were allotted, an exit load of 1% will be applicable.In case units are switched-out or redeemed after a year from the date on which they were allotted, there will be no exit load.
Benchmark CRISIL Balanced Fund Index
Fund Manager Rakesh Vyas and Chirag Setalvad
Risk Factor Moderately high

Investment Objective of HDFC Balanced Fund

The investment objective of the HDFC Balanced Fund is to generate capital growth and provide income through investment in a combined portfolio that consists of money market, debt, equity, and equity-related instruments.

Who is the HDFC Balanced Fund for?

The HDFC Balanced Fund is ideal for investors who want long-term capital appreciation in addition to current income.

HDFC TaxSaver (ELSS)

Fund Type Open-ended Equity-Linked Savings Scheme that comes with a 3-year lock-in period
Entry Load N/A
Exit Load Exit load will not be applicable on units allotted on dividend reinvestment and bonus units
Benchmark NIFTY 500 Index
Fund Manager Rakesh Vyas and Vinay R Kulkarni
Risk Factor Moderately high

Investment Objective of HDFC TaxSaver (ELSS)

The investment objective of HDFC TaxSaver (ELSS) is to generate capital appreciation over the long term via investment mainly in equity and equity-related instruments.

Who is HDFC TaxSaver (ELSS) for?

HDFC TaxSaver (ELSS) is ideal for investors who want long-term capital growth.

HDFC Arbitrage Fund

Fund Type Open-ended equity scheme
Entry Load N/A
Exit Load In case units are switched-out or redeemed within a month from the date on which they were allotted, an exit load of 0.25% will be applicable.In case units are switched-out or redeemed after a month from the date on which they were allotted, there will be no exit load.
Benchmark CRISIL Liquid Fund Index
Fund Manager Rakesh Vyas and Krishan Kumar Daga
Risk Factor Moderately low

Investment Objective of HDFC Arbitrage Fund

The investment objective of the HDFC Arbitrage Fund is to generate income via arbitrage opportunities between derivative and cash market in addition to arbitrage opportunities within the derivative segment, and by deploying surplus cash in money market instruments and debt securities.

Who is the HDFC Arbitrage Fund for?

The HDFC Arbitrage Fund is ideal for investors who want short-term income, and income via arbitrage opportunities between derivative and cash market as well as from arbitrage opportunities within the derivative segment.

HDFC Infrastructure Fund

Fund Type Open-ended equity scheme
Entry Load N/A
Exit Load In case units are switched-out or redeemed within a year from the date on which they were allotted, an exit load of 1% will be applicable.In case units are switched-out or redeemed after a year from the date on which they were allotted, there will be no exit load.
Benchmark NIFTY 500 Index
Fund Manager Srinivas Rao Ravuri
Risk Factor High

Investment Objective of HDFC Infrastructure Fund

The investment objective of the HDFC Infrastructure Fund is to generate capital appreciation in the long term by making investments mainly in equity and equity-related securities of firms and organisations that are involved in or are forecast to benefit from the development and growth of infrastructure.

Who is the HDFC Infrastructure Fund for?

The HDFC Infrastructure Fund is ideal for those who want long-term capital growth via investment predominantly in equity-related and equity securities of organisations involved in the development and growth of infrastructure.

HDFC Long Term Advantage Fund (ELSS)

Fund Type Open-ended Equity Linked Savings Scheme that comes with a 3-year lock-in period
Entry Load N/A
Exit Load Exit load will not be applicable on units allotted on dividend reinvestment or on bonus units
Benchmark S&P BSE Sensex Index
Fund Manager Rakesh Vyas and Chirag Setalvad
Risk Factor Moderately high

Investment Objective of HDFC Long Term Advantage Fund (ELSS)

The investment objective of the HDFC Long Term Advantage Fund (ELSS) is to generate capital growth in the long term via investment in a portfolio that comprises mainly of equity and equity-related instruments.

Who is the HDFC Long Term Advantage Fund (ELSS) for?

The HDFC Long Term Advantage Fund (ELSS) is ideal for investors who want long-term capital appreciation through investment mainly in equity and equity-related instruments.

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FAQs on HDFC Mutual Funds

If you wish to invest in an SIP from HDFC, you will have to fill in the application form which is basically an SIP enrolment form. The form will have to be submitted together with an auto-debit form.

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

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 ‘Applicable NAV’ per unit.