HDFC Mutual Fund - Top HDFC MF Schemes, Performance & Returns

HDFC Mutual Fund is the largest mutual fund and actively managed equity mutual fund in India as of 2024. It is one of the most prominent and trusted mutual fund houses by investors in India. It offers a wide array of investment solutions designed to cater to the diverse financial goals and risk appetites of investors. Known for its robust fund management practices and strong performance track record, HDFC Mutual Fund has become a preferred choice for many investors. It is also one of the most profitable AMCs in the country. As of 31st March, 2024, the company manages assets worth Rs. 6.1L Crores. This article provides a detailed overview of HDFC Mutual Fund, its offerings, and why it stands out in the mutual fund industry. 

Key Information About The HDFC Mutual Fund

List of HDFC Mutual Fund in India

Here is the list of the top 15 HDFC mutual funds in India:

HDFC Focused 30 Fund

This mutual fund invests in a concentrated holding of thirty high-conviction companies sourced from diverse sectors. Since it seeks capital growth over the long term, this fund is ideal for high-risk tolerance individuals interested in specific firms. 

HDFC Balanced Advantage Fund

The fund shifts its asset allocation between equity and debt depending on market conditions, making it dynamic. This would help investors looking for growth and stability, considering their high-risk appetite, because it targets capital growth and income distribution. 

HDFC Retirement Savings Fund

The fund, which focuses on ensuring long-term capital growth, has been set up with retirees in mind as they prepare for retirement. The main aim is to provide retirement benefits schemes to members who subscribe to equity or related products. It is ideal for stakeholders who are very aggressive with high-risk tolerance levels and long-term investors who wish to have a large amount of money saved by the time they retire.

HDFC Dynamic PE Ratio FoF Fund

This fund is invested based on the price-earnings (P/E) ratio strategy, which adjusts its portfolio allocation dynamically. This fund is well suited for investors who want a systematic approach to market valuation with a high risk-tolerance as it aims to achieve long-term capital appreciation. The fund provides diversified portfolio exposure that emphasizes valuation metrics.

HDFC Regular Savings Fund

This bond fund invests in various corporate bonds, government bills, and other debt instruments with which it tries to attain that aim. It is particularly fitting for cautious investors looking for stable income and moderate risk-taking proportions. Only superior debt securities are chosen to achieve this goal, and their creditworthiness is constantly scrutinized to minimize credit default possibilities. 

HDFC Mid-Cap Opportunities Fund

This fund mostly targets mid-cap enterprises demonstrating high growth capability. These risky assets have long-term investment timeframes suited for people with high risk levels. Mid-cap equities tend to be volatile yet have long-term growth aspects.

HDFC Flexi Cap Fund

An equity fund in multiple stocks with different market capitalizations is designed to increase long-term capital and cater to the diversified equities of those interested in exchanging investment strategies, allowing the fund to profit from various opportunities presented by the entire market segment.

HDFC ELSS Tax Saver Fund

This Equity Linked Savings Scheme (ELSS) benefits investors as it has tax savings under Section 80C. The scheme extends the locked-in period for at least three years to ensure long-term capital appreciation. It is hazardous, although very attractive to those who want to invest in stocks to grow wealth and, at the same time, save taxes in the process.

HDFC Large and Mid Cap Fund

The fund aims to invest in large-cap and mid-cap stocks to balance stability with growth potential. It is suitable for investors with very high risks as it targets long-term capital growth. The exposure to both large and mid-cap segments in a balanced manner provides a mix of growth opportunities and stability.

HDFC Top 100 Fund

This portfolio invests in companies ranked among the top 100 by market capitalization. Targeting long-term capital growth is suitable for individuals capable of bearing considerable risks and who would like to invest in major companies. The choice of high-performing large-cap equities implies that there will be stability and a possible slow upward increase of those shares’ values.

HDFC Retirement Savings Fund

This fund is designed for people who are planning for retirement. It aims to provide solid long-term returns while investing mainly in shares and equity-linked securities. Targeted at individuals who have high-risk tolerance levels and an ultimate goal time frame, this fund strives to ensure economic safety after retirement.

HDFC Asset Allocator FoF Fund

This set of funds changes asset appropriations among stock bonds and gold funds. It is perfect for those willing to accept high risks and want their investments spread across different areas to get money either from selling or from dividends or interests.

HDFC Gold Fund

The HDFC Gold Fund invests in ETFs that track the price of gold. The fund's primary goal is to increase your investment and, at the same time, diversify your portfolio. Thus, it is best suited for long-term investors who want to minimize risks related to inflation rates or stock market instability. As a result, it becomes evident that this type of investment could help improve security. 

HDFC Balanced Fund

The fund offers a combination of stability and expansion, and it suits those with moderately high-risk tolerances looking for balance. The diversified portfolio of the fund will help in managing volatile markets.

HDFC Hybrid Debt Fund

The HDFC Hybrid Debt Fund is invested in debt instruments and equity. It serves as a capital appreciation and regular income for risk-averse investors seeking little growth stability. Debt-to-equity is well-balanced to ensure safety and robust returns.

Benefits of Investing in HDFC Mutual Fund

Investing in the HDFC mutual fund could be extremely beneficial in the long term. Below are the 3 major benefits of investing in an HDFC mutual fund:

• Flexibility: The HDFC mutual funds SIP investment is very flexible, which means, investors can decrease or increase the amount of investment as per their convenience. In addition, one can start with an amount as low as ₹500 per month.
• Long-Term Financial Goals: For individuals who are not yet thoughtful about their future financial goals, the HDFC mutual fund could be a game changer with a wide range of options.
• Compounding: The HDFC mutual fund SIP offers the benefit of compounding interests over time. In simple words, the interest on your investment also earns an interest. The returns keep compounding over time, building your wealth.

Why Choose HDFC Mutual Fund?

Video: https://www.youtube.com/embed/1nFQyykvR30?si=b4Deo2ckrkJVeFPr

HDFC is one of the most popular financial institutions across India because of its exceptional products and services. You can choose HDFC mutual fund because it can turn out to be beneficial in the long term. After all, the fund house has a large number of mutual funds and a diverse customer base. 

Additionally, several HDFC mutual funds have been ranked highly by CRISIL. Moreover, some mutual funds such as equity-linked savings schemes and other tax-saving schemes offer tax benefits. If you have a low, moderate, or high-risk appetite, HDFC mutual funds have an option for each of your needs. All of these benefits combined are why HDFC mutual funds are the ones to choose. 

HDFC Mutual Fund Managers

Here are the 6 HDFC Fund managers: 

1. Mr. Chirag Setalvad

Mr. Chirag Setalvad is known for his out and out approach towards mid-cap and small-cap stocks at the HDFC Bank Mutual Fund. The Mid Cap and Small Cap companies often have great potential for growth and thus, they are the growing center of the finance industry. Such stocks can be a powerhouse of investment if taken into hands with the right expertise and judgment. That's what Mr. Setalvad is known for, at the HDFC Bank Mutual Fund. 

He leads 5 funds of the HDFC Bank Mutual Fund from the area of his expertise, and also jointly looks after some other funds that are named in the hybrid category. He completed his Management from the USA and has an overall experience of 22 years. Spent his initial 3 years as an investment banker and since then, he has been a Fund Manager. 

2. Mr. Prashant Jain

Prashant Jain has a B.Tech degree from the Indian Institute of Technology (IIT), Kanpur, and a PGDM degree from IIM, Bangalore. Mr. Jain is also a Chartered Financial Analyst (CFA) from AIMR. 

In 1991, Prashant started as a Fund In-Charge at SBI Mutual Fund. Then he moved to Zurich Asset Management Company Pvt. Ltd. (India) to become the Chief Investment Officer, Head of Funds Management, and Fund Manager in 1993. After years, he joined HDFC Asset Management Company Ltd. as the Head of Equities in 2003. 

As of the data from 2019, Prashant is the only Fund Manager in India to have managed a fund for over 25 years. He currently manages Rs. 37,395 Crore invested in about 17 HDFC Mutual Funds. 

3. Mr. Vinay R. Kulkarni

Mr. Vijay Kulkarni has been a part of HDFC Bank Mutual Fund since 2006, and is the Senior Fund Manager of numerous funds. His expertise lies in the equity market and mainly, he is involved in equity funds that require a diversified approach. Currently, he leads 3 funds of HDFC Bank Mutual Fund, including the Equity Linked Savings Scheme (ELSS). The total count of funds under his management comes to about 5.

He has spent 25 years of his career in the Finance Industry in managing funds of the equity market. Mr. Kulkarni completed his B. Tech from IIT Bombay and a Post Graduate Diploma in Management in Finance from IIM Bangalore. Prior to joining the HDFC Bank Mutual Fund, Mr. Kulkarni had been the Senior Fund Manager of the Deutsche Asset Management Company and a Fund Manager at the UTI Asset Management Company. 

4. Mr. Shobhit Mehrotra

Shobhit Mehrotra owns a B.Tech, M.S., and an MBA degree from Clemson University. He is an expert in credit ratings and fixed-income markets. 

Shobhit started as a Business Investment Analyst at ICRA Ltd. in 1992. Mr. Mehrotra later joined HDFC Asset Management Company Ltd. in 2004 as the Head of Credit and Senior Fund Manager of Fixed Income. 

Currently, he manages an AuM of Rs. 36,709 Crore across 22 HDFC MF schemes. 

5. Mr. Anupam Joshi

Mr. Joshi has a PGDM degree from the Chetana's Institute of Management & Research.

Anupam started his career as the Fixed Income Dealer at Asit. C. Mehta Investment Intermediates Ltd. in 2001. He later joined ICAP India Pvt. Ltd. as a dealer in 2003. In 2005, Anupam became the Assistant Manager of Fixed Income at Principal PNB Asset Management Company. 

Since 2015, Anupam has been the Portfolio Manager and Fund Manager of Fixed Income at HDFC Mutual Fund. Currently, he manages investments of Rs. 1.23L Crore in 11 mutual fund schemes. 

6. Mr. Anil Bamboli

Mr. Anil Bambolia has a long and knowledge-filled experience at the HDFC Asset Management Company, but also in the Finance Industry overall. He is a reliable manager in the investment market with his unmatchable expertise and experience in the income fund and debt fund area. At the HDFC Bank Mutual Fund, he had 24 fund schemes that either came as an income fund or a debt fund. He also looks after other funds under the Hybrid category where he works with other fund managers to optimize the returns. 

As far as the short term funds are concerned, his expertise has helped the mutual fund to provide more than average returns on their customers. He joined the HDFC Mutual Fund in 2003 and since then, has been the key person behind the majority of the investment funds, with an overall experience of 25 years. Prior to joining the HDFC Mutual Fund, he had been the Asst. Vice President of SBI Asset Management Company. 

How To Start Investing in HDFC Mutual Funds?

Follow the steps given below to invest in the HDFC Mutual Funds:

1. Visit the official website of HDFC mutual funds.

2. Upload all the required documents such as identity proof.

3. Upload any documents with your permanent address as a proof of address.

4. Choose the investment tenure as per your financial objectives.

5. Choose your risk tolerance level — low, mid, or high.

6. Select one of the HDFC mutual funds.

7. Consider whether you want to invest a lumpsum amount or an SIP investment plan. Select one and make the investment. 

And it’s done within seven steps! 

HOW TO INVEST IN HDFC MF VIA ZFUNDS?

There are very simple and easy steps to start investing in HDFC Mutual Fund with best mutual fund app 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, driver's 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 the investment will be reflected in 2-3 working days in your ZFunds account.

Documents Required to Invest in HDFC Mutual Funds

One's proof of address and proof of identity are the documents required to invest in HDFC Mutual Funds. Here's a list of all the officially valid documents:

Proof of Identity:

• PAN Card (Mandatory)
• Voter ID Card
• Driving License
• Passport
• Aadhaar Card

Proof of Address:

• Voter ID Card
• Driving License
• Passport
• Ration Card
• Aadhaar Card
• Bank Passbook
• Utility Bills

HDFC Mutual Funds Customer Care Details

Below are several ways that you can reach out to the HDFC Mutual Funds customer care:

Toll-Free Contact Number:

1800 3010 6767 or 1800 419 7676

9.00 am to 6.00 pm (Monday to Friday) ; 9.00 am to 1.00 pm (Saturday)

Email:

hello@hdfcfund.com

SMS:

SMS “HDFCMF” to 56767

Managing Risk with HDFC Mutual Fund

There’s a lot to look at in the HDFC mutual fund risk assessment. Here are a few ways to manage risks with the HDFC mutual fund investment strategies:

• Diversify your investment portfolio

Instead of investing all your sum in only one fund, diversify and invest a part of your sum in different funds.

• Invest through SIPs

When you’re investing through SIPs, only small amounts are going and also, you can discontinue the SIP if you wish to.

• Track your portfolio

If you have invested in high-risk mutual funds, closely keeping track of your portfolio can help you make better decisions. Additionally, you can withdraw your investment if you feel like doing so. 

FAQs

1. What are HDFC mutual funds?

HDFC Mutual Funds offer a variety of schemes, including equity funds, debt funds, hybrid funds, and tax-saving funds (ELSS), catering to different investor goals and risk profiles. Each fund is managed to meet specific objectives, such as growth, income, or tax savings.

2. Which HDFC mutual fund is best?

The best HDFC Mutual Fund varies depending on your investment goals. For large-cap exposure, HDFC Top 100 Fund is a popular choice. For those interested in small-cap investments, HDFC Small Cap Fund is highly regarded. HDFC Hybrid Equity Fund is a good option for those seeking a balanced approach with both equity and debt exposure.

3. Are HDFC Mutual Fund schemes safe to invest in?

HDFC Mutual Fund is one of the largest AMCs in India. So, as far as it's about the safety of your investment, it depends on how you define it. No AMC guarantees the safety of your capital when it comes to market-linked investments such as mutual funds. However, you can evaluate a low-risk fund and invest thoughtfully. 

4. Which HDFC Mutual Fund scheme is the best for short-term?

Short-term investments are usually termed for the investment tenure of up to 3 years. For such an investment, you can consider debt mutual funds. 

5. Are HDFC Mutual Fund schemes tax-free?

The tax benefits you gain depend on the type of fund you invest into and the investment period. In addition, it's not the fund that will make your returns tax-free, but your earnings that define it. Here is a table defining it depending on the type of the fund:

6. How can I cancel an ongoing SIP in an HDFC mutual fund scheme?

Follow the steps to cancel an ongoing SIP in an HDFC mutual fund scheme:

• Visit the official website of the Mutual Fund.
• Log into your account.
• Select the SIP investment you wish to cancel.

Then follow the further instructions there to cancel your SIP plan. 

7. How can I increase the SIP amount in an HDFC mutual fund scheme?

There are two ways to increase the SIP amount in an HDFC mutual fund scheme. The first one is to choose the ‘Top-up SIP’ option when starting the investments that lets you automatically increase the SIP amount periodically. If you haven't chosen that, the only other way is to start a new SIP in the same fund and increase the investment amount. 

8. How to stop SIP in HDFC mutual funds?

Follow the step-by-step guide to stop your HDFC mutual funds SIP:

• Log into your HDFC mutual fund account.
• Visit the ‘Investments’ section.
• Go to the ‘Edit SIP’ section.
• Click on the ‘End SIP’ button.

9. What is the rate of return for HDFC Mutual Fund?

The rate of return on HDFC Mutual Funds varies by the specific fund and the investment period. For example:

• HDFC Top 100 Fund: Has delivered approximately 33.26% annualized returns over the past 5 years.
• HDFC Small Cap Fund: Provided around 36.86% annualized returns over the same period.

These rates can fluctuate based on market conditions.

10. Which SIP is best in HDFC?

For beginners or those with a moderate risk appetite, HDFC Top 100 Fund SIP is a good starting point due to its focus on large-cap companies, offering relatively stable returns. For those willing to take higher risks for potentially higher returns, the HDFC Small Cap Fund SIP could be ideal.

11. What is the benefit of the Mutual Fund in HDFC Bank?

Investing in HDFC Mutual Funds through HDFC Bank offers several benefits:

• Convenience: You can easily invest, monitor, and redeem your funds through HDFC Bank’s online and offline platforms.
• Expertise: Access to a wide range of funds managed by experienced professionals.
• Diverse Options: A variety of funds to match different risk appetites and financial goals.
• SIP Options: Systematic Investment Plans (SIPs) allow for disciplined investing with as little as ₹500 per month.

HDFC Mutual Funds provide a comprehensive range of investment options that cater to different financial goals and risk profiles, making it easier for investors to find a suitable investment plan.

12. Which SIP gives 40% return HDFC?

No specific HDFC SIP guarantees a 40% return, as mutual fund returns depend on market performance and can fluctuate. Some HDFC equity funds, particularly those in small-cap or mid-cap segments, may have delivered high returns in bullish markets, but such returns are not consistent or assured.