HDFC Mutual Fund

HDFC Mutual Funds came into existence in the year 1999 as the result of a joint venture between HDFC (Housing Development and Finance Corporation) and SLI (Standard Life Investments Ltd.). It launched an IPO in FY19 and got the status of a publicly listed corporation in August 2018.

The fund house caters to retail as well as institutional customers with its comprehensive and diverse product suite. It offers equity funds, debt funds, hybrid funds, ELSS, Index Funds, Gold ETF and FOFs. As on March 31, 2020, the fund house was managing the 56 lakh unique individuals and institutional investors across asset classes and scheme categories. They have the highest market share in the category of equity-oriented (actively managed) funds. In addition to mutual funds, the fund house also offers Portfolio Management Services (PMS)

HDFC Mutual Fund manages a fund size of ₹3,54,040.08 Crores (as on 31th May 2020) through a team of over 1217 employees and 80,000 distributors. Their network is spread throughout the country and consists of 213 branches located in more than 200 cities.

HDFC Mutual Funds offer long-term benefits to all kinds of investors, regardless of financial goals, risk profile and investment horizon. Many of the funds offered by HDFC MF have surpassed the category average or benchmark returns. The performance of these funds is analysed against a host of parameters such as historical performance, the growth in fund size, peer average returns, financial ratios, etc.

Here is a list of the top-performing HDFC Mutual Funds across various categories.

HDFC Mutual Funds are known for their market dominance in equity-oriented investments. These funds invest predominantly in equity and equity-related instruments with the potential to generate superior returns. These funds invest across a variety of market capitalization (large, mid and small-cap) stocks or a specific sector like infrastructure. These schemes have "moderately high" to "high" risk profiles. The cumulative AUM of all the equity-oriented schemes was ₹1,34,022 crores as on 31st May 2020.

HDFC Debt Mutual Funds invest predominantly in debt and money market instruments and are ideal for investors with low to moderate risk appetite. These funds can be broadly categorised into two groups - theme based (Banking and PSU, Corporate Bonds, Credit Risk and Dynamic Debt) and duration based (liquid, low duration, medium-term and medium to long duration). The cumulative AUM of all the debt schemes was ₹218,351.66 crores as on 31st May 2020.

Here is a list of the top-performing HDFC Debt Mutual Funds.

Currently, HDFC Mutual Funds offer six hybrid variants to investors. These invest in varying proportions across asset categories (equity, debt and money market instruments, arbitrage opportunities, gold, etc.) as per the scheme's overall objective. Five of these open-ended schemes are classified as moderately high-risk investments. (Arbitrage Fund is the only HDFC Hybrid Fund which has a moderately low risk.) The total fund size of the balanced funds as on 31st May 2020 was ₹56,820.95 Crores.

Here is a list of the top-performing HDFC Mutual Funds from the hybrid category.

Tax Saving Mutual funds are ideal for investors who seek wealth creation along with tax saving in the long run. HDFC Tax Saver Fund is an open-ended ELSS which provides these benefits. The fund invests predominantly in equity and equity related instruments to generate long term capital appreciation for its investors. it has a three-year lock-in period and zero-entry/exit load.

Started in 1996, this scheme has generated 22.41% CAGR since inception. It has grown 104 times in just 23 years - ₹10,000 invested at the start of the fund would have grown to ₹10,46,619. The AUM value as on 31st May 2020 was ₹5,744 crores.

• HDFC Liquid Fund

  • Investment Objective:

    The investment objective of the HDFC Liquid fund is to generate stable and moderate returns through a portfolio comprising money market and debt instruments with residual maturity up to 91 days.

  • Fund Details:

    The Fund Category of HDFC Liquid Fund is a Liquid fund with an AUM of ₹1,10,633 crores as on 31st May 2020. The scheme was launched on 17-OCT-2000. The NAV for the Direct Plan, Growth was ₹3945.42 as on 16th June 2020 and the same for Regular Plan, Growth was ₹3921.36 as on 16th June 2020 with a 7.19% return for Lump Sum investment since inception as on 16th June 2020. The benchmark for this scheme is CRISIL Liquid Fund Index.

    The expense of the HDFC Liquid Fund is 0.30% for regular plans and 0.20% for direct plans. The Exit Load would be of 0.0070% if redeemed between 0-1 days, 0.0065% if redeemed between 0-2 days, 0.0060% if redeemed between 0-3 days, 0.0055% if redeemed between 0-4 days, 0.0050% if redeemed between 0-5 days, 0.0045% if redeemed between 0-6 days, from date of investment.

    The top 5 portfolio holding as on 31st May 2020 is:

    Company	% Assets
    Reserve Bank of India 91-D 20/08/2020	13.46
    Reserve Bank of India 77-D	6.79
    Reserve Bank of India 84-D	6.74
    Reserve Bank of India 91-D 23/07/2020	2.83
    Reserve Bank of India 84-D 20/08/2020	2.78

    The minimum lump sum investment in HDFC Liquid Fund is ₹5000.

• HDFC Balanced Advantage Fund

  • Investment Objective:

    The Investment Objective of HDFC Balanced Advantage Fund is to generate long term capital appreciation by investing in a balanced portfolio of equity as well as debt and money-market instruments.

  • Fund Details:

    The Fund Category of HDFC Balanced Advantage Fund is a Hybrid Fund with an AUM of ₹33,772 crores as on 31st May 2020. The scheme was launched on 01-FEB-1994. The NAV for the Direct Plan, Growth was ₹172.48 as on 16th June 2020 and the same for Regular Plan, Growth was ₹164.66 with an 16.85% since inception as on 16th June 2020. The benchmark for this scheme is NIFTY 50 Hybrid Composite Debt 65:35 Index.

    The expense of the HDFC Balanced Advantage Fund is 1.62% for regular plans and 1.07% for direct plans. There would be no exit load if redeemed or switched outpost completion of one year from date of investment. But if redeemed before completion of 1 year then Exit Load is NIL up to 15% of redemption of the units, and 1% thereafter.

    The top 5 portfolio holding as on 31st May 2020 is:

    Company	Sector	% Assets
    ICICI Bank	Financial	7.72
    State Bank of India	Financial	6.79
    Larsen & Toubro	Construction	6.67
    ITC	FMCG	5.49
    NTPC	Energy	5.25

    The minimum lump sum investment in HDFC Balanced Advantage Fund is ₹5000.

• HDFC Equity Fund

  • Investment Objective:

    The Investment Objective of HDFC Equity Fund is to generate capital appreciation over the long term by investing in a predominantly diversified equity and equity-related portfolio with large-cap, mid-cap as well as small-cap stocks.

  • Fund Details:

    The Fund Category of HDFC Equity Fund is a Diversified Equity- Multi-Cap Fund with an AUM of ₹17,495 crores as on 31st May 2020. The scheme was launched on 01-JAN-1995. The NAV for the Direct Plan, Growth was ₹544.95 as on 16th June 2020 and the same for Regular Plan, Growth was ₹514.98 with a 16.73% return since inception. The benchmark for this scheme is the NIFTY 500 TRI Index.

    The expense of the HDFC Equity Fund is 1.93% for regular plans and 1.25% for direct plans. There would be an exit load of 1% if you redeem before completion of one year from date of investment.

    The top 5 portfolio holding as on 31st May 2020 is:

    Company	Sector	% Assets
    ICICI Bank	Financial	9.08
    Larsen & Toubro	Construction	8.04
    State Bank of India	Financial	6.97
    ITC	FMCG	6.6
    Infosys	Technology	5.77

    The minimum lump sum investment in HDFC Equity Fund is ₹5000.

• HDFC Mid-Cap Opportunities Fund

  • Investment Objective:

    The Investment Objective of HDFC Mid-Cap Opportunity Fund is to generate capital appreciation over the long term by investing in an equity and equity-related portfolio with predominantly stocks of mid-cap companies.

  • Fund Details:

    The Fund Category of HDFC Mid-Cap Opportunity Fund is a Mid Cap Equity Fund with an AUM of ₹18,025 crores as on 31st May 2020. The scheme was launched on 25-JUN-2007. The NAV for the Direct Plan, Growth was ₹48.06 and the same for Regular Plan, Growth was ₹45.17 as on 16th June 2020 with a 12.31% return since inception. The benchmark for this scheme is the NIFTY Midcap 100 TRI Index.

    The expense of the HDFC Mid-Cap Opportunity Fund is 1.85% for regular plans and 1.12% for direct plans. There would be an exit load of 1% if you redeem before completion of one year from date of investment.

    HDFC Mid-Cap Opportunity Fund is exposed greatly in the finance sector and Chemical sector. Aarti Industries Limited and Balkrishna Industries have a maximum share of holding.

    The top 5 portfolio holding as on 31st May 2020 is:

    Company	% Assets
    Aarti Industries	4.95
    Balkrishna Industries	4.88
    Ipca Laboratories	3.1
    Trent	3.06
    Voltas	2.84

    The minimum lump sum investment in HDFC Mid-Cap Opportunity Fund is ₹5000.

• HDFC Hybrid Equity Fund

  • Investment Objective:

    The Investment Objective of HDFC Hybrid Equity Fund is to generate long term wealth through capital appreciation from a portfolio which predominantly invests in equity and equity-related stocks as well as debt and money market instruments. The Fund aims to maintain equity taxation by investing a minimum of 65% in equity and equity-related instruments.

  • Fund Details:

    The Fund Category of HDFC Hybrid Equity Fund is an Aggressive Hybrid Fund with an AUM of ₹15,747 crores as on 31st May 2020. The scheme was launched on 11-SEP-2000. The NAV for the Direct Plan, Growth was ₹49.35 as on 16th June 2020 and the same for Regular Plan, Growth was ₹47.03 with a 14.07% return since inception. The benchmark for this scheme is NIFTY 50 Hybrid Composite Debt 65:35 Index.

    The expense of the HDFC Hybrid Equity Fund is 1.85% for regular plans and 1.15% for direct plans. There would be no exit load if redeemed or switched out post completion of one year from the date of investment. But if redeemed before completion of 1 year then Exit Load is NIL up to redemption of 15% of the units, and 1% thereafter.

    HDFC Hybrid Equity Fund is exposed greatly in the banking sector, software sector, and finance sector. HDFC Bank Limited, ICICI Bank Limited, Infosys have a maximum share of holding.

    The top 5 portfolio holding as on 31st May 2020 is:

    Company	Sector	% Assets
    HDFC Bank	Financial	9.1
    Infosys	Technology	6.21
    ICICI Bank	Financial	5.84
    HDFC	Financial	5.17
    Reliance Industries	Energy	3.7

    The minimum lump sum investment in HDFC Hybrid Equity Fund is ₹5000.

The Customer Care details of HDFC Mutual Fund are as below

The HDFC Mutual Fund Online investment is a lucrative option that is put forward by the Asset Management Company as they would surely not want to miss out on an investor who wants to invest but cannot reach out to a service centre set up by the company due to the lack of time and does not even want to bear an extra charge of investing via any distributor.

However, you can visit the ET Money mutual fund app for the same as the customer would also get a chance there to compare other funds of other AMCs. On the app, funds are very comprehensively disclosed as per their category and performance and give an insight into the whole investment market at a glance. Thus it is a better and easiest option for those wanting to invest in HDFC Mutual fund online as this app is available free of charge as ET Money works on a "No Commission" basis.

• Mr. Anil Bambolia:

  Mr. Anil Bambolia is not only one of the veterans of HDFC Asset Management Company but also of the Finance Industry. He is a stalwart of the investment market with unmatchable expertise and experience in the income fund and debt fund segment. He heads a total of 24 schemes of HDFC Bank Mutual Fund and all of these are either income fund of debt funds. He also takes care of other funds like those categorized under the Hybrid category where he works with some other fund manager mainly expert in equity to optimize the returns.

  His expertise has helped HDFC Bank Mutual Fund to provide more than average returns to their customers as far as the short term funds are concerned. He can manage to procure returns that are more than the benchmark of the industry and thus any investor turns to HDFC Bank Mutual Fund when thinking of short term funds, liquid funds are any fund related to the debt market.

  Mr.Bamboli had joined HDFC Bank Mutual Fund in 2003 and had been the key person behind these investment funds. He has an overall experience of more than 25 years and is a B.Com, CWA, MMB (Finance), and CFA and had been the Asst.Vice President of SBI Asset Management Company before joining HDFC.

• Mr. Chirag Setalvad:

  Mr. Chirag Setalvad of HDFC Bank Mutual Fund is known for his out and out approach towards mid-cap and the small-cap stocks. The Mid Cap and Small Cap companies have great potential for growth rather they are the growing centre of the finance industry. These stocks have a great opportunity which if grabbed with the correct expertise and judgment with the right amount of knowledge can prove to be the powerhouse of investment. And this is the exact combination that has lead Mr. Setalvad to be one of the most celebrated Fund Managers who look into the mid-cap and small-cap segment of the investment.

  Mr. Setalvad heads 5 funds of HDFC Bank Mutual Fund which are precisely from the area of his expertise and he also jointly looks after a number of other funds which are named in the hybrid category. He had done his Management from the United States of America and has an overall experience of 22 years of which in the initial 3 years he had been an investment banker and since then he has been a Fund Manager.

• Mr. Vinay R Kulkarni:

  Mr. Vinay Kulkarni had joined HDFC Bank Mutual Fund in 2006 and is the Senior Fund Manager for a number of funds since then. His expertise is in the equity market and we see him mainly engaged in funds which involve a diversified approach within the equity arena. He heads 3 funds of HDFC Bank Mutual Fund that also include the only Equity Linked Savings Scheme (ELSS) offered by HDFC Bank Mutual Fund and also manages few more funds along with other fund managers. The total count comes up to about 5 funds.

  He has a total experience of about 28 years of which he has spent only 3 years in the IT Industry and the rest of the 25 years has been spent in the Finance Industry managing funds, primarily in the equity market. He is a B.Tech from IIT Mumbai and a Post Graduate Diploma in Management in Finance from IIM Bangalore. Mr.Kulkarni had been the Senior Fund manager with Deutsche Asset Management Company and a Fund Manager at UTI Asset Management Company before joining HDFC Bank Mutual Fund.