HDFC Asset Management Company is one of the leading AMCs in India, regulated by the Housing Development Finance Corporation Bank. Numerous investors have invested in multiple investment options offered by the fund for the past two decades.
Majority of its mutual fund schemes are highly rated, yielding impressive returns over the years, including the popular HDFC Top 100 Fund and HDFC Hybrid- Equity Fund.
Mutual Funds offered by HDFC Asset Management Company
Mr. Milind Bharve, Managing Director of HDFC Mutual Fund believes that retail participation in capital markets via mutual funds is nothing less than a revolution, in a country which has more “savers” and less “investors”. The management team of HDFC AMC continues to work hard to make Mutual Funds the preferred investment choice for retail consumers. Given below are some of the popular mutual fund schemes offered by HDFC Asset Management Company.
HDFC Equity Mutual Funds
Equity Mutual Funds are open-ended mutual fund schemes invest in a mix of large-cap, mid-cap and small-cap stocks with the motive of long-term capital appreciation. Investors who are looking for high returns and can bear the risk arising from market fluctuations, may opt for these mutual fund schemes. Here is a list of popular Equity Mutual Funds offered by HDFC AMC:
|Fund Name||3 Year||5 Year||NAV||AUM (Cr)|
|HDFC Top 100 Fund||8.41%||8.53%||487.69||17475.3|
|HDFC Equity Fund||7.82%||8.17%||659.24||23230.7|
|HDFC Mid-Cap Opportunities Fund||3.49%||10.66%||52.92||22825.4|
|HDFC Small Cap Fund||7.61%||11.98%||40.54||8402.65|
|HDFC Retirement Savings Fund Equity Plan||8.38%||–||17.39||722.17|
HDFC Debt Mutual Funds
Investors who are looking for fixed income generating investment avenues can opt for Debt Mutual Funds by HDFC, as these schemes majorly invest in highly rated debt securities that give assured returns on maturity. Here is a list of some top performing HDFC Debt Mutual Funds Scheme:
|Fund Name||3 Year (%)||5 Year (%)||NAV||Fund Size (Cr)|
|HDFC Credit Risk Debt Fund||7.38||9.29||16.63||15415.47|
|HDFC Corporate Bond Fund||7.76||7.76||22.08||12320.87|
|HDFC Short Term Debt Fund||7.76||8.81||22.08||12320.87|
|HDFC Money Market Fund||7.56||7.85||4097.38||5744.9|
|HDFC Medium Term Debt Fund||7.34||8.69||40.08||1033.79|
HDFC Hybrid Mutual Funds
Hybrid Mutual Funds invest in a blend of equities and debt securities. Inclination towards either of the asset classes decides the risk exposure of the investment portfolio. If one has a moderate risk appetite, s/he can consider investing in these mutual fund schemes. Here is a list of popular Hybrid Mutual Funds offered by HDFC AMC:
|Fund Name||3 Year (%)||5 Year (%)||NAV||Fund Size (Cr)|
|HDFC Hybrid Equity Fund||7.67||10.58||54.78||22664.9|
|HDFC Equity Savings Fund||7.75||8.94||38.93||5613.93|
|HDFC Children’s Gift Fund||–||–||–||109.19|
|HDFC Hybrid Debt Fund||5.05||7.82||47.46||3112.52|
How to Invest in HDFC Mutual Funds via Paisabazaar.com?
Step 1: On Paisabazaar.com, select the ‘Mutual Fund’ option.
Step 2: Select the ‘Mutual Fund’ option.
Step 3: If you are a registered user, login onto the platform using your mobile number and password/OTP. Or create a new account.
Step 4: Choose ‘Invest’ > ‘Explore All Funds’ on the left side bar.
Step 5: Select the HDFC Mutual Fund of your choice. Now, all the details of the fund including NAV, risk level, etc. will appear.
Step 6: Enter the amount you wish to invest, select the investment type – SIP or Lumpsum, and click on the ‘Confirm & add to cart’ option.
You can complete the payment using net banking of major Indian banks.
The mutual fund units will be allotted to you within 5 working days. If you’re not KYC Compliant, you will need to complete your KYC before investing in mutual fund schemes.
How to Complete Your KYC Check for HDFC Mutual Fund
KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- spanThe Fund House (Asset Management Company)
- KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited
To complete your KYC online, follow these steps, and you’ll be good to go:
Step 1: Visit the website of HDFC Mutual Fund or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP.
Step 2: Upload self-attested copies of your Identity Proof and Address Proof.
That’s all. Your eKYC process is done!
Documents Required for HDFC Mutual Fund Investment
Here is a list of official documents required to validate the identity and address of an investor:
1. Identity Proof
- Aadhar Card
- PAN Card
- Driving License
2. Address Proof
- Aadhar Card
- Driving License
- Recent Utility Bill
- Rental/Lease Agreement
Fund Managers of HDFC Asset Management Company
- Chirag Setalvad
An MBA from a top university in the US, Chirag Setalvad is a senior fund manager of HDFC AMC, who predominantly invests in Indian equities. He brings more than 20 years of industrial experience and believes in investing in companies that have the potential to grow during both strong and weak market sentiment.
- Prashant Jain
He is the Executive Director and Chief Investment Officer of HDFC AMC. An IIM alumni, he has professional experience of more than 27 years related to financial markets and fund management.
- Vinay Kulkarni
With more than 25 years of industrial experience, Vinay Kulkarni is the Senior Fund Manager and Senior Vice President of HDFC AMC and manages funds across various asset classes including equities and debt. He is an MBA graduate from Indian Institute of Management, Bangalore.
- Anil Bamboli
One of the best debt-fund managers in the industry, Anil Bamboli brings more than 23 years of professional experience, and has actively managed HDFC Debt Mutual Funds, and delivered significant returns during his tenure. He is a professional Chartered Financial Analyst.
- Shobhit Mehrotra
An alumnus of Clemson University, USA, Shobhit Mehrotra is a Senior Fund Manager and Credit Head of HDFC Asset Management Company. He has more than 25 years of professional experience in Fixed Income Securities and Credit Rating.
Frequently Asked Questions
Q. What is an Asset Management Company (AMC)?
A. AMC is an organisation which manages the pooled funds from numerous investors and invests them in various financial securities to generate returns.
Q. What is Net Asset Value (NAV)?
A. Net Asset Value measures the performance of an individual mutual fund scheme of an AMC. In essence, it is the market valuation of the securities the fund has invested in. So, the NAV per unit is derived from dividing the total market value of all the invested securities by total number of units issued. Since, the number of unit holders and valuation of securities change everyday, the NAV of a mutual fund also changes accordingly.
Q. What is Expense Ratio?
A. Expense Ratio refers to a small amount of fee charged by Asset Management Companies annually to manage investors’ assets. It covers the operating and managing cost incurred by the AMC. It is a percentage of the total assets invested by the investor.
Q. What is Entry Load?
A. When an investor purchases units of a mutual fund scheme for the first time, s/he is charged a small amount of processing fee by the Asset Management Company which is known as an Entry Load.
Q. What is Exit Load?
A. When investors redeem their investment from a mutual fund scheme, s/he is charged a small amount of processing fee which is known as an Exit Load. It is also charged when investors choose to switch between different mutual fund schemes of a specific AMC.
Q. How can I redeem a fund online?
A. If you have invested through Paisabazaar, or an online platform such as this you can login and select the fund from which you want to redeem the funds. Click on the fund, in this case L&T Tax advantage Fund. You will see an option “redeem”. When you click on it, you will be asked if you want to redeem the entire amount, or a certain amount. Go ahead and enter the amount you wish to redeem and then click redeem. Note that since this is an ELSS the amount not currently locked in only will show. Once the you have placed a redemption request, the amount should reach your source account within a few working days. Nonetheless, a key aspect to keep in mind is the cut-off timings for the funds which decide the NAV of the units you are holding.
An exit load will not be charged on the amount that is redeemed after a lock-in of three years. Redemption of an amount is not allowed if the Lump sum or SIP has not completed three years.