HDFC Mutual Fund

02 Aug 2021 6 min read
Mutual Fund: HDFC Mutual Fund - Benefits, Eligibility & SIP

Overview of Mutual Fund?  

Mutual funds allow you to invest in increasingly complex financial markets with ease. Mutual funds can be classified as equity, debt, floating-rate debt, or balanced funds. Mutual funds' success is largely due to the benefits they provide in terms of diversification, competent management, and liquidity. You can quickly carry out transactions and have complete control over your Mutual Funds with the Investment Services Account, which you may access via HDFC NetBanking. In this blog, you can also check out the Systematic Investment Plan (SIP) to know your lump sum amount for your plan.  

HDFC Mutual Fund  

HDFC is a leading financial services company in India. One of its subsidiaries, HDFC Asset Management Company, offers a variety of mutual fund programs. As HDFC Mutual Fund is one that largely geared towards benefits of investing in mutual funds and provides a diverse range of mutual fund schemes, Investment Services Account (ISA), and Systematic Investment Plan (SIP). It can be easy to calculate your EMI with HDFC Mutual Fund Calculator, HDFC Mutual Fund Login, and also submit essential documents required for investing in HDFC Mutual Fund. 

Benefits of investing HDFC Mutual Fund  

  • Flexibility: Systematic investment strategies, systematic withdrawal plans, and dividend reinvestment are all examples of flexibility. 
  • Affordability: The investing approach is available in units, so even a modest investment can gain from it. 
  • Return potential: The fund managers who spot opportunities for your assets to grow. 
  • Low Expenses: The advantages of scale in brokerage, custodial, and other fees result in cheaper fees for investors. 
  • Regulatory: The sector is regulated to protect the interests of investors. 

Eligibility check for investing Mutual Funds through the online platform  

You must meet the following criteria to be eligible for Invest Now and ISA: 

  • A resident Indian with a single owner HDFC Bank savings account 
  • According to SEBI standards, your PAN must be KYC compliant. 
  • The bank account for an ISA can be either Single or Either/Survivor. 

Mutual Fund offered by HDFC Asset Management Company  

The funds that have been assessed are supplied in the form of bank fact sheets that are updated on a monthly basis. To understand the HDFC Mutual Fund, read the pointers and table mentioned below:  

  • HDFC Equity Mutual Fund 

Open-ended mutual fund schemes that invest in a combination of large-cap, mid-cap, and small-cap equities with the goal of long-term capital appreciation are known as equity mutual funds. These mutual fund schemes are suitable for investors seeking high returns and who are willing to take on the risk of market swings. The following is a list of popular HDFC AMC Equity Mutual Funds: 

Name of the fund  

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 

Debt Mutual Funds by HDFC are a good option for investors looking for a steady stream of income, as these funds invest primarily in well-rated debt securities with guaranteed returns on maturity. Here's a rundown of some of the best-performing HDFC Debt Mutual Funds: 

Name of the fund  

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 

What is ISA? 

With an Investment Services Account, you have complete control over your mutual funds, including the ability to buy, sell, and swap funds and mutual fund investment preferences at any time. Enjoy the freedom to invest as you wish for a modest, flat quarterly maintenance charge, with the added convenience of investing from the comfort of your own home via NetBanking. 

Features of HDFC Mutual Fund via ISA 

  • Use HDFC Mutual Fund NetBanking to complete the following transactions: 
  • Purchase  
  • Redemption  
  • Switch  
  • HDFC Bank Savings Account is linked to the account that is debited on Mutual Fund purchases. 
  • Customers are authorized and confirmed for NetBanking using a unique Internet Password (IPIN). 
  • All holdings' NAV and other details are easily accessible. 
  • Dividends and redemptions are credited to your account directly. 
  • This service can only be used to redeem Mutual Funds purchased through the Investment Services Account. 

Eligibility criteria of HDFC Mutual Fund via ISA 

  • A customer ID is required, the applicant must already have a bank account. 
  • The applicant should be obedient. KYC compliance is now required for all Mutual Fund investments, regardless of the size. Customers who are NRIs (non-face-to-face):  
  • The Indian embassy must attestation the KYC compliant acknowledgment copy. 
  • The status of the Savings Bank Account must be Single or Either/Survivor. 
  • Everyone who has a bank account must sign the Account Opening Application Form. 

Systematic Investment Plan (SIP) 

SIP is for a Systematic Investment Plan, and it is a method of investing that involves investing a specific amount at regular periods rather than a larger lump sum amount all at once. In this manner, you're not trying to time the market's highs and lows, but rather average the cost of your investment over time. The idea behind SIPs is that when markets collapse, investors automatically acquire additional unlisted securities.  

Similarly, as the market rises, they acquire fewer units. This means that when the price is high, you buy less and when the price is low, you buy more. As a result, the average cost per unit decreases with time. 

HDFC Mutual Fund Calculator  

People can use the HDFC Mutual fund calculator to estimate their savings and see how their SIP investment grows in a virtual setting. The calculator assists people in achieving their objectives within a set time frame. It's also referred to as a SIP Calculator. The income level, the amount that may be saved, and the estimated returns on investment are some of the inputs that must be entered into the calculator. 

Benefits of investing in Mutual Funds via SIP  

How to invest in HDFC Mutual Funds?  

  • Step 1: Go to the official site of HDFC and click on ‘Mutual Fund.' 
  • Step 2: Select ‘Mutual Fund' from the drop-down menu. 
  • Step 3: If you've already registered, enter your mobile number and password/OTP to access the platform. Alternatively, you can create a new account. 
  • Step 4: On the left sidebar, select ‘Invest' > ‘Explore All Funds.' 
  • Step 5: Select the HDFC Mutual Fund that you want to invest in. Now you have access to all of the fund's information, including the NAV and risk. 

Documents required for HDFC Mutual Fund Investment  

The following is a list of government documents needed to verify an investor's identity and address: 

  1. Identity Verification: PAN CardPassportDriving License, and Aadhar Card.  
  2. Proof of Address: Rental/Lease Agreement, Aadhar Card, Driving License, Passport, and Recent Utility Bill.  

HDFC Mutual Fund Login  

You can access your HDFC Mutual Fund account via the company's website. Your HDFC account can be accessed in a variety of ways. For this, follow the key points:  

  • With the help of your folio number and HPIN, you can log in through HDFC Mutual Fund login. 
  • You can provide your HDFC Bank account details, PAN details, and portfolio number if you don't have an HPIN. 
  • Your user ID and password will also work to log you in.  
  • If you're a first-time user, you can create your login ID and establish a new HPIN to gain access to your account in the future. 

Conclusion  

The Housing Development Finance Corporation Limited (HDFC) and Standard Life Investments Limited formed the HDFC Mutual Fund in 1999 as a joint venture (SLI). With the support of simple and accessible investment products in HDFC Mutual Fund, benefits of investing in HDFC Mutual funds, and provides a diverse range of mutual fund schemes, using Investment Services Account (ISA), and Systematic Investment Plan (SIP), HDFC Mutual Fund Calculator, HDFC Mutual Fund Login, and essential documents required for investing HDFC Mutual Fund. To get more information on HDFC Mutual Fund, you can also take advice from Afinoz.com and invest in HDFC Mutual Fund.  

 

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