HDFC Mutual Fund – Review, Fund managers, Benefits, KYC Process, Fees & more
Last Updated Date: Nov 17, 2022HDFC Mutual Fund AMC is one of the largest Asset Management company in India.
Founded in 1999, HDFC started as a joint venture between Standard Life Investment Limited (“SLI”) and Development Finance Corporation Limited (“HDFC”).
It is considered one of the biggest mutual funds in India. HDFC mutual funds have a proven track record of positive performance.
They are one of the most important players in providing reliable funds across different asset classes and numerous market cycles.
About HDFC Mutual Fund
Mutual funds services are provided by HDFC through one of its subsidiaries HDFC Asset Management Company Limited. Besides, Mutual funds have helped investors from all walks of life.
Mutual funds can be anything such as equity funds, debt funds, balanced fluids, or even floating rate debt.
The reason mutual funds are preferred is due to the fact that it offers a lot of diversification and liquidity along with professional management.
No matter the goal HDFC mutual funds have got the customer covered for any short-term, long-term, tax-saving, retirement goals.
Besides, most of the mutual funds offered by HDFC have 3 ratings or more. There are also numerous options for investors to invest and there are various risk factors involved.
The investors depending upon their risk appetite can also take the risk factor and the risk factor ranges from low to high.
Besides, it is easy for investors to define their financial goals which can be close-ended and open-ended funds.
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Why Invest in HDFC AMC?
As of March 2019, HDFC AMC (HDFC Asset Management Company) is the investment manager to HDFC Mutual Fund
- It is one of the biggest mutual fund investment options in India. The total AUM of it was ₹34,3938 crores.
- Besides, it has assorted assets with equity and fixed income/others.
- HDFC Mutual Fund has branches all over the country and also, they have connections with assorted network banks such as National Distributors as well as Independent Financial Advisors.
- HDFC AMC offers its investors an array of a huge suite of savings and numerous investment products over many asset classes. These classes also give high income and the chance for wealth creation to their investors.
- HDFC AMC by march 2019 offered 147 schemes and these schemes were classified into the following groups which were: 22 equity-oriented schemes, 115 debt schemes, 3 liquid schemes as well as 7 other schemes.
How to Invest with HDFC Mutual Funds?
Before investing in HDFC mutual fund the investor must make sure that the investor has a permanent account number (PAN) and a bank account.
Next, the Central Know Your Customer process (CKYC) must be completed and the FATCA form must also be submitted online.
Besides, these are the methods of investing in HDFC mutual funds: –
In the online method, the investor must have an Investment Services Account (ISA). The online process of investing through Isa is very simple.
All the investor needs to do is log into the account, then select the scheme of interest, then decide the number of units the investor needs to buy, pay for the transaction, and the process is done.
By doing this method, the units will also automatically get credited into the ISA account.
The offline method is to visit the nearest HDFC bank branch or an office, fill a form, then choose and invest in the investor’s choice of the mutual fund.
HDFC AMC – Fund Managers
Since 2015, Anupam Joshi is the Portfolio Manager and Fund Manager of HDFC Mutual Fund.
Anupam Joshi in various schemes such as Corporate Bond, Low Duration Fund, Liquid Direct Plan among others, manages an AuM of ₹1.23 Lakh Crore.
Following are some of the fund managers working in HDFC AMC: –
- Anil Bamboli in the regular plan as well as Direct Plan and SIP.
- Chirag Setalvad is in the regular plan as well as Direct Plan and SIP.
- Amit B Ganatra in the regular plan as well as Direct Plan and SIP.
- Prashant Jain in the regular plan as well as Direct Plan and SIP.
- Shobhit Mehrotra in the regular plan as well as Direct Plan and SIP.
- Krishan Kumar Daga in the regular plan as well as Direct Plan and SIP.
- Mr. Arun Agarwal and Mr. Krishan Kumar Daga in the regular plan as well as Direct Plan and SIP.
HDFC Mutual Fund – Key Personnel
Here are the list key management of HDFC AMC –
- Deepak B Phatak- Independent Director
- Deepak S Parekh- Chairman & Non-Exe Director
- Dhruv Kaji- Independent Director
- James Aird- Non-Executive Director
- Milind Barve- CEO
- Milind Barve- Managing Director
- N Keith Skeoch- Non-Executive Director
- Sylvia Furtado- Secretary
- Vijay Merchant- Independent Director
How to do a KYC Check for HDFC Mutual Fund?
Following are the steps that one must do to complete the KYC process: –
Offline method: – The KYC form can be downloaded from the CSDL Ventures official website. Fill up the form and carefully sign it.
Also, a self-attested copy of PAN card and address proof along with a passport-size photograph. Besides, the form must be submitted to the nearest bank.
Online method: – The simplest way to complete the KYC is by online method. The only requirement is that the investor must have an Aadhar card.
Also, Log onto the Securities and Exchange Board of India (SEBI) website and select the KYC registration agency option.
A profile must be created, then enter the Aadhar and PAN card details along with a self-attested copy of Aadhar online.
An OTP will be generated and sent to the number, verify the account and the job is done.
KYC by Aadhar biometric: – An executive from the bank will visit and then the investor needs to submit a copy of the Aadhar and PAN card.
The executive will scan the fingerprint and the details will be filled in accordingly.
Documents Required to Invest in HDFC AMC
The first steps are that the KYC must be done. A self-attested copy of identity, as well as address proof, needs to be enclosed.
For proof of identity PAN, passport, voter ID, Aadhar, driving license, or any other document issued by the central government can be used.
Besides, for proof of address, the same can be used except PAN as PAN card doesn’t mention address.
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HDFC Mutual Fund Fees or Charges
| Fund | Minimum Investment (Rs) | Entry Load (in % p.a.) | Exit Load (in % p.a.) | Fund Manager |
| HDFC Arbitrage Fund – Growth – Direct Plan | 100000 | N.A | 0.5 | Krishan Daga |
| HDFC Arbitrage Fund – Wholesale Plan – Growth – Direct Plan | 100000 | N.A | 0.5 | Krishan Daga |
| HDFC Balanced Advantage Fund – Growth – Direct Plan | 5000 | N.A | 2 | Prashant Jain |
| HDFC Banking and PSU Debt Fund – Growth – Direct Plan | 5000 | N.A | 0.25 | Anil Bamboli |
| HDFC Capital Builder Value Fund – Growth – Direct Plan | 5000 | N.A | 2 | Amit Ganatra |
| HDFC Children’s Gift Fund(Lock in) – Direct Plan | 5000 | N.A | 3 | Chirag Setalvad |
| HDFC Children’s Gift Fund – Direct Plan | 5000 | N.A | 3 | Chirag Setalvad |
| HDFC Corporate Bond Fund – Growth – Direct Plan | 5000 | N.A | 2 | Anupam Joshi |
| HDFC Credit Risk Debt Fund – Growth – Direct Plan | 5000 | N.A | 2 | Shobhit Mehrotra |
| HDFC Dividend Yield Fund – Growth – Direct Plan | 5000 | N.A | 1 | Gopal Agrawal |
Following are the mutual funds that fall under the growth direct plan: –
- Arbitrage Fund HDFC
- Arbitrage Fund – Wholesale Plan HDFC
- Balanced Advantage Fund HDFC
- Banking and PSU Debt Fund HDFC
- Capital Builder Value Fund HDFC
- Dividend Yield Fund HDFC
- Corporate Bond Fund HDFC
- HDFC Credit Risk Debt Fund.
Following are the mutual funds that fall under the direct plan: –
- HDFC Children’s Gift Fund (Lock-in)
- HDFC Children’s Gift Fund.
Best Performing HDFC Mutual Fund
| Fund Name | Category | Risk | 1Y Returns | Fund Size(in Cr) |
| HDFC Credit Risk Debt Fund | Debt | Moderate | 11.20% | ₹ 6,480 |
| HDFC Money Market Fund | Debt | Moderately Low | 6.70% | ₹ 12,127 |
| HDFC Gold Fund | Fund of Funds | Moderately High | 32.10% | ₹ 1,005 |
| HDFC Index Fund – SENSEX Plan | Equity | Moderately High | 9.90% | ₹ 1,649 |
| HDFC Corporate Bond Fund | Debt | Moderate | 11.90% | ₹ 26,279 |
| HDFC Short Term Debt Fund | Debt | Moderately Low | 11.20% | ₹ 16,907 |
| HDFC Medium Term Debt Fund | Debt | Moderate | 10.90% | ₹ 2,147 |
| HDFC Multi – Asset Fund | DEBT | Moderately High | 18.50% | ₹ 411 |
| HDFC Low Duration | DEBT | Moderately Low | 8.70% | ₹ 24,753 |
| HDFC Retirement Savings Fund – Hybrid – Equity Plan | Solution Oriented | Moderately High | 14.70% | ₹ 493 |
Following are the best performing HDFC mutual funds
- HDFC Credit Risk Debt Fund: – these are the riskiest to invest in but offer higher rates of interest than most.
- HDFC Money Market Fund: – best suited for investors looking for a short-term investment or an alternative for bank deposits.
- Also, HDFC Gold Fund: – This is a moderately high-risk suggestion for investors looking for investment for more than 3 years.
- HDFC Index Fund: – it is a SENSEX plan and very much similar to the NIFTY 50 Index. This scheme deals with investment in stocks.
- HDFC Corporate fund: – it is also a bond fund and is invested in high-end corporate bonds whose credit ratings are AA+ and above.
- Besides, HDFC Short Term: – this fund is a short-duration low-risk debt fund. This fund aims to generate revenue by investing in the money market as well as debt securities investment.
- HDFC Medium Term: – the investment done in these will be managed over 3-4 years.
- HDFC Retirement Savings Fund is a hybrid-equity plan, locked for 5 years or retirement whichever is earliest.
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Top 10 HDFC AMC
| Fund | 1-Year Return | 3-Year Return | 5-Year Return |
| HDFC Arbitrage Fund – Growth – Direct Plan | 3.72 | 16.2 | 30.69 |
| HDFC Arbitrage Fund – Wholesale Plan – Growth – Direct Plan | 3.72 | 16.2 | 30.69 |
| HDFC Balanced Advantage Fund – Growth – Direct Plan | 3.29 | 10.14 | 59.8 |
| HDFC Banking and PSU Debt Fund – Growth – Direct Plan | 10.41 | 28.55 | 51.94 |
| HDFC Capital Builder Value Fund – Growth – Direct Plan | 6.74 | 1.56 | 51.18 |
| HDFC Children’s Gift Fund – Direct Plan | 12.72 | 20.85 | 70.16 |
| HDFC Corporate Bond Fund – Growth – Direct Plan | 11.66 | 30.87 | 54.69 |
| HDFC Credit Risk Debt Fund – Growth – Direct Plan | 10.8 | 26.61 | 50.42 |
| HDFC Dividend Yield Fund – Growth – Direct Plan | N.A | NA | N.A |
| HDFC Dynamic Debt Fund – Growth – Direct Plan | 8.75 | 16.25 | 37.6 |
Details of Top 10 HDFC AMC Funds
HDFC Arbitrage Fund – Growth – Direct Plan – Launch Date – 31st December 2012. Minimum Investment amount – Rs. 100,000. Exit load until 1M – 0.25%, after 1M, the exit load is nil.
HDFC Arbitrage Fund – Wholesale Plan-Growth – Direct Plan – Launch Date – 31st March 2014. Minimum Investment amount – Rs. 100,000. Exit load until 1M – 0.25%, after 1M, the exit load is nil.
HDFC Balanced Advantage Fund – Growth – Direct Plan – Launch Date – 31st December 2012. Minimum Investment amount – Rs. 5,000. Exit load until is nil until 15% units. For more than 15%, 1% until 1Y, after 1Y exit load is nil.
HDFC Banking and PSU Debt Fund – Growth – Direct Plan – Launch Date – 26th March 2014. Minimum Investment amount – Rs.5,000. Exit load is also nil.
HDFC Capital Builder Value Fund – Growth – Direct Plan – Launch Date – 31st December 2012. Minimum Investment amount – Rs.5,000. Exit load – 1% until 1Y, nil after 1Y.
More Details on Top HDFC Mutual Funds
HDFC Children’s Gift Fund – Direct Plan – Launch Date – 1st January 2013. Minimum Investment amount – Rs. 5,000. Exit load is nil.
HDFC Corporate Bond Fund – Growth – Direct Plan – Launch Date – 1st January 2013. Minimum Investment amount – Rs. 5,000. Besides, exit load is nil.
HDFC Credit Risk Debt Fund – Growth – Direct Plan – Launch Date – 25th March 2014. Minimum Investment amount – Rs. 5,000. Exit load until 15% units. For more than 15%, 1% until 12M, for more than 12M until 18M, it is 0.50%. nil after 18M.
HDFC Dividend Yield Fund – Growth – Direct Plan – Launch Date – 18th December 2020. Minimum Investment amount – Rs. 5,000. Exit load until 1Y is 1%, nil after 1Y.
HDFC Dynamic Debt Fund – Growth – Direct Plan – Launch Date – 1st January 2013. Minimum Investment amount – Rs. 5,000. Exit load until 6M – 0.50%, after 6M, the exit load is nil.
Best HDFC Mutual Fund – Portfolio
| Fund | Market Value | Net Assst | Rating |
| HDFC Arbitrage Fund – Growth – Direct Plan | 1412.89 | 43163.78 | AAA |
| HDFC Arbitrage Fund – Wholesale Plan – Growth – Direct Plan | 1412.89 | 43163.78 | AAA |
| HDFC Balanced Advantage Fund – Growth – Direct Plan | 1999.6 | 101417.15 | AAA |
| HDFC Capital Builder Value Fund – Growth – Direct Plan | 120.33 | 65411.82 | AAA |
| HDFC Children’s Gift Fund – Direct Plan | 823.32 | 30361.94 | AAA |
| HDFC Children’s Gift Fund(Lock in) – Direct Plan | 823.32 | 30361.94 | AAA |
| HDFC Corporate Bond Fund – Growth – Direct Plan | 347.73 | 3203.55 | AAA |
| HDFC Dynamic Debt Fund – Growth – Direct Plan | 9019.29 | 137962.46 | AAA |
| HDFC Equity Fund – Growth – Direct Plan | 1203.64 | 802426.37 | AAA |
| HDFC Equity Savings Fund – Growth – Direct Plan | 5537.31 | 76680.02 | AAA |
Details of Best HDFC AMC Funds Portfolio
HDFC Arbitrage Fund – Growth – Direct Plan – Previous NAV – Rs. 24.235, Assets (Cr.) Rs. 5,083.
HDFC Arbitrage Fund – Wholesale Plan-Growth – Direct Plan – Previous NAV – Rs. 15.289, Assets (Cr.) Rs. 5,083.58.
Besides, HDFC Balanced Advantage Fund – Growth – Direct Plan – Previous NAV – Rs. 227.882, Assets (Cr.) Rs. 28,066.
Also, HDFC Capital Builder Value Fund – Growth – Direct Plan – Previous NAV – Rs. 346.664, Assets (Cr.) Rs. 4,171.35.
HDFC Children’s Gift Fund – Direct Plan – Previous NAV – Rs. 156.322, Assets (Cr.) Rs. 3,797.97.
HDFC Children’s Gift Fund (Lock-in) – Direct Plan – Previous NAV – Rs. 146.445, Assets (Cr.) Rs. 3,797.97.
Besides, HDFC Corporate Bond Fund – Growth – Direct Plan – Previous NAV – Rs. 25.175, Assets (Cr.) Rs. 26,278.
HDFC Dynamic Debt Fund – Growth – Direct Plan – Previous NAV – Rs. 72.3415, Assets (Cr.) Rs. 489.25.
HDFC Equity Fund – Growth – Direct Plan – Previous NAV – Rs. 759.919, Assets (Cr.) Rs. 20,546.31.
HDFC Equity Savings Fund – Growth – Direct Plan – Previous NAV – Rs. 43.936, Assets (Cr.) Rs. 2,684.
HDFC Mutual Fund Schemes NAV
| Fund | 52 Week High | 52 Week Low |
| HDFC Arbitrage Fund – Growth – Direct Plan | 24.21 | 23.22 |
| HDFC Arbitrage Fund – Wholesale Plan – Growth – Direct Plan | 15.27 | 14.65 |
| HDFC Balanced Advantage Fund – Growth – Direct Plan | 228.18 | 142.61 |
| HDFC Banking and PSU Debt Fund – Growth – Direct Plan | 18.18 | 16.3 |
| HDFC Capital Builder Value Fund – Growth – Direct Plan | 339.61 | 182.74 |
| HDFC Children’s Gift Fund – Direct Plan | 154.51 | 96.23 |
| HDFC Children’s Gift Fund – Direct Plan | 154.51 | 96.23 |
| HDFC Children’s Gift Fund(Lock in) – Direct Plan | 154.51 | 96.23 |
| HDFC Corporate Bond Fund – Growth – Direct Plan | 25.11 | 22.42 |
| HDFC Credit Risk Debt Fund – Growth – Direct Plan | 18.87 | 16.96 |
NAV of Top HDFC Funds
HDFC Arbitrage Fund – Growth – Direct Plan – 52-week Low NAV – Rs. 23.28 as of 7th January 2020. Also, 52 Week High NAV – Rs. 24.43 as of 7th January 2020.
HDFC Arbitrage Fund – Wholesale Plan-Growth – Direct Plan – 52-week Low NAV – Rs. 14.69 as of 7th January 2020. Also, 52 Week High NAV – Rs. 15.29 as of 31st December 2020.
Besides, HDFC Balanced Advantage Fund – Growth – Direct Plan – 52-week Low NAV – Rs. 142.61 as of 23rd March 2020. 52 Week High NAV – Rs. 229.12 as of 1st Jan 2021.
HDFC Banking and PSU Debt Fund – Growth – Direct Plan – 52-week Low NAV – Rs. 16.30 as of 24th March 2020. 52 Week High NAV – Rs. 18.25 as of 1st Jan 2021
Besides, HDFC Capital Builder Value Fund – Growth – Direct Plan – 52-week Low NAV – Rs. 182.74 as of 23rd March 2020. 52 Week High NAV – Rs. 347.73 as of 1st Jan 2021
HDFC Children’s Gift Fund – Direct Plan – 52-week Low NAV – Rs. 96.23 as of 23rd March 2020. 52 Week High NAV – Rs. 156.99 as of 1st Jan 2021
Also, HDFC Children’s Gift Fund – Direct Plan – 52-week Low NAV – Rs. 142.61 as of 23rd March 2020. 52 Week High NAV – Rs. 229.12 as of 1st Jan 2021
More on NAV Details of HDFC Mutual Fund
HDFC Children’s Gift Fund (Lock-in) – Direct Plan – 52-week Low NAV – Rs. 117.97 as of 23rd March 2020. 52 Week High NAV – Rs. 191.20 as of 1st Jan 2021
Then, HDFC Corporate Bond Fund – Growth – Direct Plan – 52-week Low NAV – Rs. 22.42 as of 19th March 2020. 52 Week High NAV – Rs. 25.19 as of 1st Jan 2021
HDFC Credit Risk Debt Fund – Growth – Direct Plan – 52-week Low NAV – Rs. 17.01 as of 26th March 2020. 52 Week High NAV – Rs. 18.93 as of 1st Jan 2021
HDFC AMC Customer Care Details
| Address of AMC | HDFC House, 2nd floor, H.T. Parekh Marg, 165-166 Backbay Reclamation, Churchgate Mumbai – 400 020 |
| Telephone Number | +91 (22) 66316333 |
| Fax Number | +91 (22) 22821144 |
| cliser@hdfcindia.com |
All the details about the account, credit cards, Demat account, investment services along with the details of loans can be accessed by a single number.
While calling, details such as card number that is associated with a PIN and Telephone Identification Number must be kept for easy access.
The number from the official website of HDFC bank must only be used to prevent any case of fraud.
Calls concerning the loss of cards such as debit, ATM, forex, prepaid, and bearer card can be made 24/7 including all holidays and Sundays.
The phone number for any queries and concerns for users residing in cities such as Ahmedabad, Delhi, Chennai, Hyderabad, Mumbai, Pune, and Bangalore is 61606161.
The phone number for Kochi, Indore, Jaipur, Lucknow, and Chandigarh are 6160616.
Before dialing any number, the prefix STD code of the user’s location must be added. According to the tariff plan by the service provider call charges may be applicable.
The timing for any loan services is from 8.00 am to 8.00 pm. This timing includes all the holidays as well as Sundays.
HDFC Mutual Fund – Important links
| Website | www.hdfcfund.com |
| HDFC Mutual Fund Login | https://www.hdfcfund.com/information/online-services-investors |
| HDFC Mutual Fund App | https://play.google.com/store/apps/details?id=com.hdfcfund.investor&hl=en_IN&gl=US |
| Facebook Link | NA |
| Twitter Link | https://twitter.com/hdfcmf |
| Youtube Link | https://www.youtube.com/channel/UCiuV2NCrpHzhQogNvK1FZ_A |
| linkedIn Link | https://www.linkedin.com/company/hdfc-mutual-fund/ |
HDFC Mutual Fund AMC – Conclusion
Since HDFC is one of the biggest and reputed mutual funds investment companies in India, it has gained the trust of the public since 200.
Since then, it has included various subsidiaries and it was launched as HDFC mutual funds in 2000 following all the provisions of the Indian Trusts Act, 1882.
HDFC is one of the biggest players and also has a proven track record of providing positive and reliable funds across various market styles and numerous asset classes.
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