HDFC MUTUAL FUND
HDFC Mutual Fund or HDFC AMC (Asset Management Company) Ltd is currently one of the largest mutual funds and actively managed funds in India. A wide number of investors have invested in multiple investment options offered by the fund for the past 20 years. The majority of its schemes are yielding impressive returns and are highly rated over the years.
The institution has around 210+ branches located in more than 200 towns and cities across the nation. It has over 53 lakhs investors with over 91 lakh live accounts. It received approval to act as an AMC from SEBI in June 2000 under the registration no. MF/044/00/6. It also offers non-binding investment services/ portfolio management services since September 2016 under the reg code PM/INP000000506 from SEBI.
|Mutual Fund||HDFC Mutual Fund|
|Setup Date||30th June 2000|
|Incorporation Date||10th December 1999|
|Sponsor||HDFC Ltd/Standard Life Investments Ltd|
|Trustee||HDFC Trustee Company Limited|
|CEO/MD||Mr. Navneet Munot|
|CIO||Mr. Prashant Jain|
|Compliance Officer||Mr. Yezdi Khariwala|
|Investor Service Officer||Mr. John Mathew|
|Assets Managed||Rs. 4,12,303 Cr (as of 30th April 2021)|
|Total Number of MF schemes||101|
HOW TO INVEST IN HDFC MF VIA ZFUNDS?
There are very simple and easy steps to start investing in HDFC Mutual Fund which is one of the largest mutual fund houses in India. Follow the below-mentioned steps to start investing:
- Create your free account with ZFunds. If you already have an account with ZFunds, you can simply log in to it.
- To create an account, you will be required to upload your identification documents which can include an Aadhar card, pan card, Voter ID card, driving license, passport, or any other document which is issued by the state or central government.
- You will also be required to upload your address proof.
- After that, you just need to select the best fund which suits you as per your investment horizon and risk.
- And, then at last you just need to choose whether you want to do a lump sum investment or start a sip.
After the successful investment, the units will be allotted and investment will be reflected in 2-3 working days in your ZFunds account.
TOP 10 HDFC MUTUAL FUND
|HDFC Credit Risk Debt Fund||Debt||Moderate|
|HDFC Money Market Fund||Debt||Moderately Low|
|HDFC Gold Fund||Funds of Funds||Moderately High|
|HDFC Index Fund - SENSEX Plan||Equity||Moderately High|
|HDFC Retirement Savings Fund - Equity Plan||Hybrid||Moderately High|
|HDFC Multi-Asset Fund||Debt||Moderately High|
|HDFC Corporate Bond Fund||Debt||Moderate|
|HDFC Dynamic PR Ratio FoF||Others||Moderately High|
|HDFC Equity Savings Fund||Hybrid||Moderately High|
|HDFC balanced Advantage Fund||Hybrid||Moderately High|
TYPES OF HDFC MUTUAL FUNDS
1. HDFC Equity Funds
HDFC equity funds invest their assets in equity and equity-related securities. These funds are good for capital appreciation as their objective is focused on long term growth. These funds are ideal for investors who want exposure to stock markets.
2. HDFC Debt Funds
HDFC debt funds invest their assets in debt and debt-related instruments such as bonds, Commercial Paper, Debentures, and Government securities which have a fixed rate of interest and thus generate guaranteed fixed income. Debt funds are considered less risky and hence generate low returns when compared with equity funds.
3. HDFC Balanced Funds
Balanced funds are often called Hybrid Funds. HDFC balanced funds invest their assets in more than one asset class like equity, debt, or any other. These funds give good diversification as the investments are made in different asset classes. Balanced funds have the capability to generate more than debt funds and also have less risk as compared with equity funds.
4. HDFC Funds of Funds:
HDFC FoF (Fund of Funds) is a pooled fund that invests in other funds. FOFs usually invests in other mutual funds or ETFs. The FOF strategy aims to achieve returns by investing in already existing schemes as per the investment objective of the overall portfolio.
5. HDFC Tax Saver Funds:
HDFC Tax saver funds are also known as ELSS funds. As the name suggests, these funds give a tax deduction of upto ₹ 1.5 lakhs in the income tax. These funds invest their asset in equity securities in a diversified manner. These funds are also having a locking period of 3 years.
1. Chirag Setalvad
An MBA from United Stated, Chirag Setalvad is a senior fund manager of HDFC Mutual Funds, who predominantly invests in equities. He brings more than two decades of industrial experience with him and believes in investing in companies that have the potential to grow during both weak and strong market sentiment.
2. Prashant Jain
He is the Chief Investment Officer and Executive Director of HDFC Mutual Fund. An IIM alumnus, he has professional experience of over 27 years related to fund management and financial markets.
3. Vinay Kulkarni
With more than two and a half decades of industrial experience, Vinay Kulkarni is the Senior Vice President and Senior Fund Manager of HDFC Mutual Funds and manages funds across various asset classes including debts and equities. He is an MBA from IIM, Bangalore.
4. Anil Bamboli
Anil Bamboli is one of the best debt-fund managers in the industry, and brings more than two decades of professional experience, and has actively managed HDFC Debt Mutual Funds and delivered great returns during his tenure. He is a professional CFA charter holder.
5. Shobhit Mehrotra
Alumni of Clemson University, USA, Shobhit Mehrotra is a Credit Head and Senior Fund Manager of HDFC Mutual Funds. He has more than two and a half decades of professional experience in Credit Rating and Fixed Income Securities.
1. Identity Proof
- PAN Card
- Aadhar Card
- Driving License
2. Address Proof
- Aadhar Card
- Driving License
- Any Recent Utility Bill (Water, Gas, Electricity, etc.)
- Rental/Lease Agreement