HDFC Mutual Fund
HDFC Mutual Fund was registered with SEBI in 2000. In 2001, a joint venture was formed between HDFC Limited and abrdn Investment Management Limited. In 2018, it became a publicly listed company, with 17% currently owned by the public. The AMC offers 98 HDFC Mutual Fund schemes, including 39 Equity-oriented, 32 Debt-oriented, 02 Liquid, and 25 Others, such as ETF, Arbitrage, and FOF–investing overseas. It has 31 Analysts and a highly experienced and competent investment team.
Key Highlights of HDFC AMC:
- ₹ 7.8 Trillion Total Assets Under Management (AUM) as of December 31, 2024
- 95 Thousand+ Empaneled distributors, including MFDs, NDs & Banks
- The principal shareholder is HDFC Bank, which owns a 52.5% stake
- 77% Dividend Payout Ratio
Key Information About HDFC Mutual Fund
How to Invest HDFC Mutual Fund
Investing in the best HDFC Mutual Funds can be complicated, particularly for first-time investors. To make it easier, follow the steps below.
1. Choose Your Mutual Fund Type
Choose your mutual types, such as equity, debt, hybrid, index, and sector funds, according to your risk tolerance (low, medium, or high) and financial goals.
2. Select a Mutual Fund Scheme
After carefully analysing the historical returns, expense ratio, reviews, and ratings of different schemes, choose your preferred HDFC Mutual Fund.
3. Login or Open a Demat Account
Log in to your Stack Wealth account. If you do not have an account, you can register with your mobile number and create a new one immediately.
4. Complete KYC (Know Your Customer) Requirements
The next step involves providing personal information and verifying identity. You must upload a government-issued ID such as PAN, Aadhar and proof of address. Follow the instructions in the app to complete this step smoothly.
5. Select Investment Mode (SIP or lumpsum)
If you prefer regular, disciplined investing, you can set-up a systematic investment plan (SIP), which is periodic (monthly, quarterly, etc.). Alternatively, if you have a large amount to invest, you can make a lump-sum investment. Select the investment period of your choice.
6. Confirm and Track Your Investment
After setting up your investment, sit back and watch your money grow. The Stack Wealth app will provide regular updates and reports on your portfolio’s performance. You can also adjust your investments or withdraw funds as needed.
List of Top HDFC Mutual Funds in India
Here is the list of some of the top HDFC Mutual Funds in India:
* All data as of 31 Jan 2025
Detailed Overview of HDFC Mutual Fund Schemes
Now, let’s discuss these 10 HDFC mutual fund schemes in detail:
1. HDFC Flexi Cap Fund-Direct-Growth Plan
HDFC Flexi Cap Fund is an open-ended dynamic equity scheme that invests in large, mid and small-cap stocks.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 24.83% and 23.31%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹19,462.32.
- Minimum Investment Amount: The minimum lump sum for HDFC Flexi Cap Fund is ₹100, and for SIP, it is ₹100.
2. HDFC Multi Cap Fund-Direct-Growth Plan
HDFC Multi Cap Fund is an open-ended equity scheme that significantly invests in equity and equity-related instruments of large, mid, and small-cap companies to generate long-term capital appreciation.
- Fund Performance: The fund's annualized returns for the past one and three years have been around 22.01% and 24.49%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹19,305.67.
- Minimum Investment Amount: The minimum lump sum for HDFC Multi Cap Fund is ₹100, and for SIP, it is ₹100.
3. HDFC Long Duration Debt Fund-Direct-Growth Plan
HDFC Long Duration Debt Fund is an open-ended debt scheme investing in securities in a way that the portfolio's Macaulay Duration (MD) is more than 7 years, with a relatively high interest rate and relatively low credit risk.
- Fund Performance: The fund's annualized returns for 1 year is around 11.67%. In a year, the current value of a Standard Investment of ₹10,000 will become around ₹11,177.16.
- Minimum Investment Amount: The minimum lump sum for HDFC Long Duration Debt Fund is ₹100, and for SIP, it is ₹100.
4. HDFC Equity Savings Fund-Direct-Growth Plan
HDFC Equity Savings Fund is an open-ended scheme that invests in arbitrage, equity, and debt to give investors capital appreciation and income distribution.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 10.99% and 12.02%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹13,675.62.
- Minimum Investment Amount: The minimum lump sum for the HDFC Equity Savings Fund is ₹100, and for SIP, it is ₹100.
5. HDFC Gilt Fund-Direct-Growth plan
HDFC Gilt Fund is an open-ended debt scheme that invests in government securities across maturities. It has a relatively high interest rate and low credit risk.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6.27% and 6.50%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,002.31.
- Minimum Investment Amount: The minimum lump sum for the HDFC Gilt Fund is ₹100, and for SIP, it is ₹100.
6. HDFC Large and Mid Cap Fund-Direct-Growth Plan
HDFC Large & Mid Cap Fund is an open-ended equity scheme investing predominantly in large and midcap companies.
- Fund Performance: The fund's annualized returns for past three and five years have been around 22.15% and 24.00%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹18,235.52.
- Minimum Investment Amount: For the HDFC Large and Mid Cap Fund, the minimum lump sum required is ₹100, and for SIP, it is ₹100.
7. HDFC Hybrid Debt Fund-Direct-Growth Plan
HDFC Hybrid Debt Fund is an open-ended hybrid scheme that invests 75-90% of the portfolio in debt and money market instruments with limited exposure to equities.
- Fund Performance: The fund's annualized returns for past three and five years have been around 10.62% and 11.25%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹13,539.84.
- Minimum Investment Amount: The minimum lump sum for the HDFC Hybrid Debt Fund is ₹100, and for SIP, it is ₹100.
8. HDFC Dividend Yield Fund-Direct-Growth Plan
HDFC Dividend Yield Fund is an equity scheme that invests predominantly in equity and equity-related instruments of dividend-yielding companies at the point of investment.
- Fund Performance: The fund's annualized returns for the past 1 and 3 years have been around 17.46% and 21.32%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹17,864.07.
- Minimum Investment Amount: The minimum lump sum for the HDFC Dividend Yield Fund is ₹100, and for SIP, it is ₹100.
9. HDFC Money Market Fund-Direct-Growth Plan
HDFC Money Market Fund is a debt scheme (open-ended) investing in money market instruments with a maturity of up to 1 year, a relatively low interest rate, and moderate credit risk.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6.73% and 6.15%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,160.71.
- Minimum Investment Amount: The minimum lump sum for the HDFC Money Market Fund is ₹100, and for SIP, it is ₹100.
10. HDFC Arbitrage Fund-Direct-Wholesale Growth Plan
HDFC Arbitrage Fund is an open-ended hybrid scheme that invests in arbitrage opportunities. It invests a minimum of 65% in fully hedged equity positions.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6.89% and 5.82%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,215.11.
- Minimum Investment Amount: The minimum lump sum for the HDFC Arbitrage Fund is ₹100, and for SIP, it is ₹100.
Top Fund Managers
Below is the list of people who have made HDFC Mutual Fund Investment a standout choice in a highly competitive market.
1. Chirag Setalvad
Chirag Setalvad is the head of Equities and has broad experience in equity research and investment banking. He joined HDFC AMC as a Fund Manager in 2000 and has over 21 years of experience.
2. Mr. Shobhit Mehrotra
Shobhit Mehrotra is the head of Fixed Income (Debt). His major areas of expertise include credit ratings and fixed-income markets. He joined HDFC AMC in 2004 as the Senior Fund Manager of Fixed Income and Head of Credit. He has over 25 years of experience.
3. Mr. Anupam Joshi
Since 2015, Anupam Joshi has been the Fund Manager of Fixed Income and Portfolio Manager at HDFC Mutual Fund. He manages an AuM of Rs. 1.23 Lakh Crore in 11 schemes like Low Duration Fund, Corporate Bond, Liquid Direct Plan, and many more.
4. Mr. Anil Bamboli
Anil Bamboli joined HDFC AMC as a Senior Fund Manager in 2003. He handles AuM of Rs. 44,541 Crore in 22 schemes like Banking and PSU Debt Fund, Gilt Fund, Money Market Fund, Overnight Fund, Dynamic PE Ratio Fund of Funds, Multi Asset Fund, and many more.
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