HDFC Mutual Fund, also called HDFC AMC, is one of India’s largest and most profitable mutual fund houses.
The company is a part of the Housing Development Finance Corporation or HDFC Group, a financial conglomerate with established businesses in housing finance, asset management, life and non-life insurance, education finance, and real estate funds.
As of December 2020, HDFC AMC’s Quarterly Asset Under Management or QAAUM of INR 389466.56 crore is the highest among 41 mutual fund houses operating in the country.
HDFC AMC became a publicly listed company and has been listed on the National Stock Exchange and Bombay Stock Exchange since August 2018.
Presently, the promoters hold a 73.92% stake in the company (HDFC Ltd. – 52.7% and Standard Life Investments Limited – 21.2%), followed by FII (9.11%), DII (5.62%), and public (11.34%).
HDFC AMC’s Quarter-on-Quarter (QoQ) profit for December 2020 has soared to INR 369.26 crore from 338.06 crores, and its basic Earnings Per Share (EPS) grew to 17.34 in December 2020 as against 15.88 in the previous quarter. Its profit before tax was INR 1,653.05 crore in March 2020, as compared to 1,374.70 crore in March 2019.
HDFC AMC’s EPS has grown consistently. For example, the basic EPS was 23.64 in 2016, which grew to 27.33 in 2017, 34.52 in 2018, 43.87 in 2018, and 59.37 in 2019. As of 12th April 2021, the AMC had a market capitalization of INR 60,579 crore (Source – moneycontrol.com).
HDFC AMC offers a wide range of investment and savings products and has a considerable retail and institutional investor base.
Presently, it has more than 9 million active accounts, and its equity mutual funds are some of the best you can get in India. Data published by the fund house indicates that more than one in four investors choose an HDFC mutual fund for investing.
For over 25 years, HDFC mutual fund has been a consistent performer with a demonstrable track record of wealth creation and client management.
Its core investment team consists of thirty (30) members who have proven expertise in capital markets, bonds, and commodity markets.
Besides retail investor services, HDFC AMC also offers (non)discretionary and advisory services to HNIs or High Net Worth Individuals, Hindu Undivided Families (HUFs), domestic and international corporate houses, trusts, and domestic and international financial institutions.
HDFC AMC manages a total of 101 funds across several categories like Arbitrage, Banking, and PSU, etc.
Important information about HDFC mutual fund
| Name of the AMC | HDFC Asset Management Company Ltd. |
| Incorporation Date | Dec-10-1999 |
| Sponsors | Housing Development Finance Corporation Ltd. and Standard Life Investments Ltd. |
| Trustee | HDFC Trustee Company Limited |
| Trustees’ Name | Mr Vimal Bhandari, ChairmanMr V. Srinivasa Rangan, DirectorMr Mehernosh Kapadia, Independent DirectorMr Dindayal Jalan, Independent Director |
| MD/CEO | Mr Milind Barve |
| CIO | Mr Prashant Jain |
| Compliance Officer | Mr Yezdi Khariwala |
| Investor Service Officer | Mr John Mathew |
| Registrar and Transfer agent | KFin Technologies Private Limited (Formerly known as Karvy Fintech Private Ltd) Unit: HDFC Asset Management Company Limited (ISIN: INE127D01025) Karvy Selenium Tower B, Plot No 31 & 32 Gachibowli, Financial District, Nanakramguda, Serilingampally Hyderabad – 500 032.Contact Person: Mr Ragesh Raghavan/Suman Konijeti Telephone: 040 67162222, Toll-free No.18003454001 E-mail: einward.ris@kfintech.com |
| Toll-free Number | 1800 3010 6767 / 1800 419 7676 |
| Email Address | cliser@hdfcfund.com |
| Registered Address | HDFC Asset Management Company Limited CIN: L65991MH1999PLC123027 Registered Address: “HDFC House”, 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai – 400020. |
Ten top-performing HDFC mutual fund schemes
HDFC has mutual funds in almost all categories permitted by the Securities and Exchange Board of India or SEBI. Here is a list of the ten best-performing HDFC mutual fund schemes in India.
1. HDFC Small Cap Fund (Category – Equity: Small Cap)
The HDFC Small Cap fund, with a NAV of 52.8330 (Regular Growth) (as on 12th April, 2021), is the top-performing fund in the ‘Equity: Small Cap’ category.
This open-ended fund was launched on 3rd April 2008 and has given trailing returns of 103.22% in one year (as on 9th April 2021). The fund considers the NIFTY Smallcap 100 TRI as its benchmark.
Key information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 500 |
| Minimum Withdrawal | INR 500 |
| Exit Load | 1% for redemption within 365 days; Nil for redemption after 365 days |
| Return Since Inception (3rd April 2008): | 14.04% (as of 9th April 2021) |
| Assets | INR 10,050 Crore (as of 31st March 2021) |
| Expense Ratio | 1.80% (as of 28th February 2021) |
2. HDFC Mid-Cap Opportunities Fund (Category – Equity: Mid Cap)
The HDFC Mid-Cap Opportunities Fund was launched on 25th June 2007 and has given gravity-defying returns year after year.
In the one-year period ending on 9th April 2021, the fund has given trailing returns of 83.71%. The fund is open-ended and treats the NIFTY Midcap 100 TRI as its benchmark.
As on 12th April 2021, the NAV of this fund is hovering around 71.6680 (Regular Growth).
Key information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 500 |
| Minimum Withdrawal | INR 500 |
| Exit Load | 1% for redemption within 365 days; Nil for redemption after 365 days |
| Return Since Inception (25th June, 2007): | 15.72% (as on 9th April, 2021) |
| Assets | INR 26,471 Crore (as on 31st March, 2021) |
| Expense Ratio | 1.79% (as on 28th February, 2021) |
3. HDFC Retirement Savings Fund Equity Plan (Equity: Flexi Cap)
HDFC Retirement Savings Fund Equity Plan has been consistently generating decent returns for its investors. This fund was launched on 25th February 2016 and considers the NIFTY 500 TRI as its benchmark.
However, this fund has a lock-in period of five (5) years. In the one-year period ending on 9th April 2021, the fund has given trailing returns of 71.12%. As on 12th April 2021, the NAV of this fund is 21.7960 (Regular Growth).
Key information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 500 |
| Minimum Withdrawal | INR 500 |
| Exit Load | None |
| Return Since Inception (25th February 2016): | 17.38% (as on 9th April, 2021) |
| Assets | INR 1,392 Crore (as on 31st March, 2021) |
| Expense Ratio | 2.38% (as on 28th February, 2021) |
4. HDFC Growth Opportunities Fund (Category – Equity: Large & Midcap)
The HDFC Growth Opportunities fund was launched on 18th February 1994 and has been a popular fund ever since. The fund is open-ended and treats the NIFTY Large Midcap 250 TRI as its benchmark.
In the one-year period ending on 9th April 2021, the fund has given trailing returns of 73.70%. As of 12th April 2021, the NAV of this fund is 141.2650 (Regular Growth).
Key information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 500 |
| Minimum Withdrawal | INR 500 |
| Exit Load | 1% for redemption within 365 days; Nil for redemption after 365 days |
| Return Since Inception (18th February 1994): | 11.65% (as of 9th April 2021) |
| Assets | INR 2,014 Crore (as of 31st March 2021) |
| Expense Ratio | 2.54% (as of 28th February 2021) |
5. HDFC Top 100 Fund (Category – Equity: Large Cap)
The HDFC Top 100 fund was launched on 11th October 1996 and considers the NIFTY 100 TRI its benchmark. The fund invests primarily in large-cap stocks with huge growth potential.
In the one-year period ending on 9th April 2021, the fund has given trailing returns of 58.87%. As of 12th April 2021, the NAV of this fund is 551.9530 (Regular Growth).
Key information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 500 |
| Minimum Withdrawal | INR 500 |
| Exit Load | 1% for redemption within 365 days; Nil for redemption after 365 days |
| Return Since Inception (11th October 1996): | 18.99% (as of 9th April 2021) |
| Assets | INR 18,660 Crore (as of 31st March 2021) |
| Expense Ratio | 1.85% (as of 28th February 2021) |
6. HDFC Balanced Advantage Fund (Category – Hybrid: Dynamic Asset Allocation)
If your investment horizon is five years or more, the HDFC Balanced Advantage Fund can be your best bet. The fund was launched on 1st February 2004, and it treats the NIFTY 50 Hybrid Composite Debt 65:35 as its benchmark.
In the one-year period ending on 9th April 2021, the fund has given trailing returns of 51.83%. As of 12th April 2021, the NAV of this fund is 227.9330 (Regular Growth).
Key information
| Minimum Investment | |
| Minimum Additional Investment | INR 1,000INR 5,000 |
| Minimum SIP Investment | INR 500 |
| Minimum Withdrawal | INR 500 |
| Exit Load | If the units you wish to redeem are more than 15% of the total investment amount, a 1% exit load will be levied for redemption within 365 days; Nil for redemption after 365 days |
| Return Since Inception (1st February 2004): | 17.87% (as of 9th April 2021) |
| Assets | INR 39,784 Crore (as of 31st March 2021) |
| Expense Ratio | 1.60% (as of 28th February 2021) |
7. HDFC Hybrid Equity Fund (Category – Hybrid: Aggressive Hybrid)
The HDFC Hybrid Equity Fund is open-ended and considers NIFTY 50 Hybrid Composite Debt 65:35 as its benchmark. It invests up to 65% of your investments in equities, whereas the remaining 35% is invested in bonds.
The fund was launched on 11th September 2000. In the one-year period ending on 9th April 2021, the fund has given trailing returns of 54.29%. As of 12th April 2021, the NAV of this fund is 65.3500 (Regular Growth).
Key information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 500 |
| Minimum Withdrawal | INR 500 |
| Exit Load | If the units you wish to redeem are more than 15% of the total investment amount, a 1% exit load will be levied for redemption within 365 days; Nil for redemption after 365 days |
| Return Since Inception (11th September 2000): | 15.49% (as of 9th April 2021) |
| Assets | INR 17,309 Crore (as of 31st March 2021) |
| Expense Ratio | 1.79% (as of 28th February, 2021) |
8. HDFC Dynamic PE Ratio Fund of Funds (Category – Hybrid: Multi Asset Allocation)
The HDFC Dynamic PE Ratio Fund of funds is the best-performing fund in the ‘Hybrid: MAA’ category.
The open-ended fund was launched on 6th February 2012 and considers the NIFTY 50 Hybrid Composite Debt 65:35 as its benchmark.
In the one-year period ending on 9th April 2021, the fund has given trailing returns of 43.35%. As of 12th April 2021, the NAV of this fund is 22.7714 (Regular Growth).
Key information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 500 |
| Minimum Withdrawal | INR 500 |
| Exit Load | 1% for redemption within 365 days; Nil for redemption after 365 days |
| Return Since Inception (6th February, 2012): | 9.63% (as on 9th April, 2021) |
| Assets | INR 20 Crore (as on 31st March, 2021) |
| Expense Ratio | 1.00% (as on 28th February, 2021) |
9. HDFC Equity Savings Fund (Category – Hybrid: Equity Savings)
If you want to get the best of equity, bonds, and arbitrage opportunities, the HDFC Equity Savings fund is all you need.
It is an open-ended scheme that was launched on 17th September 2004. This fund considers the NIFTY 50 Arbitrage TRI, NIFTY 50 TRI, and CRISIL Short-Term Bond TRI as its benchmark.
In the one-year period ending on 9th April 2021, the fund has given trailing returns of 27.88%. As of 12th April 2021, the NAV of this fund is 42.2360 (Regular Growth).
Key information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 500 |
| Minimum Withdrawal | INR 500 |
| Exit Load | If the units you wish to redeem is more than 15% of the total investment amount, a 1% exit load will be levied for redemption within 365 days; Nil for redemption after 365 days |
| Return Since Inception (17th September 2004): | 9.20% (as of 9th April 2021) |
| Assets | INR 2,332 Crore (as of 31st March, 2021) |
| Expense Ratio | 2.11% (as of 28th February 2021) |
10. HDFC Hybrid Debt Fund (Category – Hybrid: Conservative Hybrid)
The HDFC Hybrid Debt Fund is the top-performing fund in the conservative hybrid category.
This fund invests no more than one-third of your investment amount in equities and no more than two-thirds of your investment amount in debt.
The fund was launched on 26th December 2003 and considers the NIFTY 50 Hybrid Composite Debt 15:85 as its benchmark.
In the one-year period ending on 9th April 2021, the fund has given trailing returns of 22.11%. As of 12th April 2021, the NAV of this fund is 53.6965 (Regular Growth).
Key information
| Minimum Investment | INR 5,000 |
| Minimum Additional Investment | INR 1,000 |
| Minimum SIP Investment | INR 500 |
| Minimum Withdrawal | INR 500 |
| Exit Load | If the units you wish to redeem is more than 15% of the total investment amount, a 1% exit load will be levied for redemption within 365 days; Nil for redemption after 365 days |
| Return Since Inception (26th December 2003): | 10.27% (as of 9th April 2021) |
| Assets | INR 2,434 Crore (as of 31st March 2021) |
| Expense Ratio | 1.89% (as of 28th February 2021) |
How can you invest in the HDFC mutual fund via EduFund?
Investing in HDFC mutual funds via Edufund is a simple, six-step process.
Step 1 – Download the EduFund App from Google Play Store or Apple App Store and create an online account.
Step 2 – Select a Scheme – Browse a wide range of HDFC mutual fund schemes and choose the right scheme suiting your financial goals.
You may invest in a Systematic Investment Plan (SIP) or a lump sum. The inbuilt recommendation engine suggests the best scheme for your financial objectives.
Step 3 – View and Track Your Transaction(s) – The amount you have invested will reflect in your EduFund account within four working days.
You can track the HDFC mutual fund NAV, account balance, statement, and other information in the app. Alternatively, you can purchase, redeem, or switch HDFC mutual fund units.
Step 4 – Speak With a Mutual Fund Counsellor – You can connect with a mutual fund consultant to share your goals and get personalized advice.
EduFund uses top-class authentication and encryption technologies to ensure bank-like secured transactions and safeguard your investments.
Seven best-performing fund managers at HDFC mutual fund
The fund manager plays a prominent role in driving value and generating growth. The following are the seven best-performing fund managers in HDFC AMC whose funds have consistently churned out the best returns.
1. Mr. Chirag Setalvad
Mr. Chirag Setalvad is a senior fund manager in HDFC mutual fund. He joined the AMC in 2007. He has extensive experience in fund management, equity research, and investment banking.
Mr. Setalvad manages top-performing HDFC mutual fund schemes like HDFC Small Cap Fund, HDFC Mid-Cap Opportunities Fund, HDFC Hybrid Equity Fund, and HDFC Long Term Advantage Fund.
2. Mr. Prashant Jain
Mr. Prashant Jain holds the distinction of managing one fund, namely HDFC Balanced Advantage Fund, for more than 25 years.
He joined HDFC AMC in 2003 as the Head of Equities, after gaining experience in SBI mutual fund and Zurich AMC. Besides the Balanced Advantage Fund, he also manages the HDFC Top 100 Fund and HDFC Flexi Cap Fund.
3. Mr. Krishan Kumar Daga
A senior fund manager in HDFC AMC, Mr. Krishan Kumar Daga, has 28 years of equity research and fund management experience.
He has worked with several financial conglomerates like Reliance Mutual Fund, B&K Securities, Reliance Capital, JP Morgan Securities, Deutsche Securities, and HSBC Securities.
Mr. Daga manages HDFC Gold Exchange Traded Fund and HDFC Gold Fund.
4. Mr Shobhit Mehrotra
Mr. Shobhit Mehrotra is an experienced fund manager who manages over fifteen funds with a collective AuM of approximately 37,000 crores.
Mr. Mehrotra has extensive experience in fixed-income markets and credit ratings. Before joining HDFC AMC, he was associated with ICRA Ltd. and Templeton Asset Management (India) Pvt. Ltd.
Some popular funds managed by him include HDFC Income Fund, HDFC Medium Term Debt Fund, and HDFC Credit Risk Debt Fund.
5. Mr. Amit Ganatra
Mr. Amit Ganatra joined HDFC AMC as a Senior Fund Manager in May 2020 after gaining considerable experience in Invesco AMC, DBS Chola AMC, Fidelity Investments, CMIE, and CIPLA. He manages funds like HDFC Capital Builder Value Fund, HDFC Taxsaver, etc.
6. Mr. Anil Bamboli
Mr. Anil Bamboli is associated with HDFC AMC since 2003. He is a senior fund manager in the Fixed Income segment. His educational qualifications include B.Com. MMS Finance, CWA, and CFA.
He has more than 24 years of experience in the fund management industry. Mr. Bamboli manages funds like HDFC Dynamic Debt Fund, HDFC Short Term Debt Fund, HDFC Gilt Fund, HDFC Overnight Fund, HDFC Banking, PSU Debt Fund, etc.
The schemes managed by him have generated average returns between 8% and 12% in the financial year 2020-21.
7. Mr. Anupam Joshi
Mr Anupam Joshi is an Associate Director of Investments in HDFC AMC. He has worked for over ten years in Portfolio Management & Dealing.
He has served prominent institutions like Principal PNB Asset Management Company, ICAP India Private Ltd., and Asit C. Mehta Investment Intermediates Ltd.
Mr. Joshi manages funds like HDFC Corporate Bond Fund, HDFC Low Duration Fund, HDFC Liquid Fund, etc.
Why should you invest in HDFC mutual funds?
HDFC AMC is the largest AMC in India. It offers more than one hundred funds to choose from. The AMC has a legacy of over twenty years and manages assets worth over INR 4.1 trillion.
It has more than 65,000 impaneled distributors who offer its financial products to investors. The fund house has more than 200 branches in 200 Indian cities, which cater to all categories of investors.
Whatever your investment objective, you can get an HDFC mutual fund scheme to fulfill your financial goals. The experienced fund managers at HDFC mutual fund simplify stock market or secondary market investments easily for you.
Select EduFund to invest in HDFC mutual fund
EduFund makes the process of investing in HDFC mutual funds convenient. EduFund’s experienced consultants give you customized solutions for all your financial goals.
You can start investing from a lowly INR 5,000 and grow your capital comfortably.
With EduFund, you get the following benefits:
- Customized Research-Based Financial Plan – EduFund’s scientific fund tracker screens over 1 lakh data points and 400 financial scenarios to recommend you the best mutual funds.
- Customer-Friendly Counsellors Help You Create a Financial Plan – EduFund’s counselors are trained to handle all kinds of queries from customers. They spend as much time with you as you need and resolve all your issues to help you create a robust financial plan.
- Invest Less, Earn More – Not only are the best Indian mutual funds, but EduFund also offers you the facility to invest in US Dollar ETFs and international mutual funds.
- Use Free Tools – EduFund offers various free tools for its customers, including College Savings Calculator, SIP calculator, etc.
- No Technical Expertise Required – You do not need to be an expert in finance to understand which mutual fund is the best for you. EduFund does it for you.
- Value-Added Benefits – You may get value-added benefits like no commission, free advisory, and nil-hidden charges.
- Secure Transactions – EduFund is RIA-registered and uses top-class 128-SSL security to enable safe transactions.
- Special Support for Children’s Education – EduFund has a dedicated team of experts who help you fulfill your children’s educational goals.
FAQs
What is the HDFC AMC?
HDFC Asset Management Company, also called HDFC AMC, is one of India’s largest and most profitable mutual fund houses. The company is a part of the Housing Development Finance Corporation or HDFC Group, a financial conglomerate with established businesses in housing finance, asset management, life and non-life insurance, education finance, and real estate funds.
Which mutual fund is best in HDFC?
- HDFC Small Cap Fund (Category – Equity: Small Cap)
- HDFC Mid-Cap Opportunities Fund (Category – Equity: Mid Cap)
- HDFC Retirement Savings Fund Equity Plan (Equity: Flexi Cap)
- HDFC Growth Opportunities Fund (Category – Equity: Large & Midcap)
- HDFC Top 100 Fund (Category – Equity: Large Cap)
Why should you invest in HDFC mutual funds?
HDFC AMC is the largest AMC in India. It offers more than one hundred funds to choose from. The AMC has a legacy of over twenty years and manages assets worth over INR 4.1 trillion.
