HDFC Mutual Fund is promoted by Housing Development Finance Corporation (HDFC) and Standard Life Investments.
The fund manages some of the largest equity mutual fund schemes in the country. Most of the schemes of the fund have been consistent performers over the years. HDFC Mutual Fund has sizeable assets under management in which it manages both debt and equity dedicated schemes.
Hdfc mutual fund provides great value and countless schemes for all investors. Hdfc mutual fund is one of the best mutual fund scheme if compare to other funds which have good CRISIL rating and well management of assets. Hdfc Mutual Fund gives long term benefits to the investors by providing variegated products and services across asset and risk categories. Hdfc Mutual Fund offers portfolio management services to the investors and also enables them to invest in line with their investment objectives and risk-taking capacity.
Hdfc Asset Management Company becomes India's first AMC to be given the ranking CRISIL fund house tier-1. This is it's highest quality score of fund governance and processes representing the highest levels of pf governance and fund management. Hdfc AMC is the only fund house to achieve this rank in the succession of two years.
Hdfc Asset Management company was constituted on 10th December 1999 under the Companies Act, 1956 and was authorized by SEBI tin act as an asset management company for the Hdfc Mutual Fund on 3rd July 2000. Hdfc Asset Management company limited launched its Hdfc Equity Fund scheme in January 1995 since it concentrated for many years on different groups of schemes and introduced many unique products that have become capitalistic categories in the Indian Mutual Fund industry. Some of these included Hdfc Growth Fund, Hdfc top 200 funds, Hdfc Balance Fund, Hdfc Prudence Fund and more.
The company manages its client's debt fixed income and stable mutual funds. It also handles hedge funds for its customers. It also invests in the scheme is an open-scheme, offering sales/switch-in and redeem/switch out units at NAV based prices on each business day.
The mutual fund shall dispatch redemption proceeds within 10 business days from the date of redemption in accordance with the SEBI Regulations. A 15% penal interest or any other price that may be imposed by SEBI from time to time shall be paid by the AMCA in the condition that the payment of the proceeds of redemption is not rendered within 10 days of the date of redemption. Under the normal condition, however, the mutual fund would endeavor to pay the redemption proceeds from the date of redemption within 3-4 business days._ivate equity with a focus on real estate. The company invests in sectors of institutional capital and fixed income. It requires a fundamental analysis to render its investments. The company was founded in 1999 and is located in Mumbai, Maharashtra. Hdfc Asset Management company acts as a division of housing development finance corporation limited.
Below listed are the details and types of Mutual Fund schemes that are provided HDFC:
Open-ended Fund scheme
An open-ended fund investment or plan is one usable on a continuous basis for subscription or repurchase. There is no maturity duration for these schemes. Investors can easily acquire or sell units at net asset value. Liquidity is the key feature in the open-ended scheme.
Close Ended Fund scheme
A close-ended fund has a specified period of maturity. The fund is available for subscription only during a fixed period of time at the time of the launch of the scheme. At the time of initial public issue, shareholders may participate in the scheme and then buy or sell the scheme units at the stock exchanges where the units are classified. To provide the shareholders with an exit route, many close-ended funds provide an option to sell the units back to the mutual fund through regular NAV related market repurchases. SEBI regulations scheme is an open-scheme, offering sales/switch-in and redeem/switch out units at NAV based prices on each business day. The mutual fund shall dispatch redemption proceeds within 10 business days from the date of redemption in accordance with the SEBI Regulations.
A 15% penal interest or any other price that may be imposed by SEBI from time to time shall be paid by the AMCA in the condition that the payment of the proceeds of redemption is not rendered within 10 days of the date of redemption. Under the normal condition, however, the mutual fund would endeavor to pay the redemption proceeds from the date of redemption within 3-4 business days._ stipulate that the investor will be provided with at least one of the two exit routes either by repurchase facilities or by listing stock exchanges. Such schemes of mutual funds usually report NAV on a weekly basis.
Sector Specific funds/schemes
These are the funds that invest as stated in the bid documents in the securities only sectors or industries. The returns on these funds depend on the quality of the industries/sectors. While these funds may yield higher returns, compared to the diversified funds. Investors must monitor the performance of these sectors/industries and must leave at the appropriate time.
Tax saving schemes
These schemes provide shareholders with tax rebates under specific provisions of the Income Tax Act, 1961 as the government offers tax incentives for expenditure in different avenues. These schemes based on investment and primarily invest in equities.
It's as simple as giving at least 6 monthly postdated test in a scheme of your preference for a fixed amount. For irregular investors, it's the perfect solution.
Diversification
One of the major benefits of investing in Hdfc mutual funds is to get instant variegation of mutual funds.
Hdfc mutual funds extend your equity and therefore risks by pooling cash from numbers of comparable investors.
Skilful Management
Another big advantage is that the investors will get advice from professional experts to invest in mutual funds. AMC provides trained fund managers who assist you with the best option to achieve the fund goals with the support of skilled research squad. They continually analyze your investments which saves your time and stress.
Reasonable
Mutual fund trade gives the benefit of low trading costs to its investors. A minimum of Rs 500 can be started as an investment plan by which anyone can eligible to invest in mutual funds.
Fungibility
You can easily take out your cash or transfer in mutual funds. Open-ended investments can be redeemed in order to receive the current value of mutual funds units.
Tax Benefits
Hdfc mutual fund offers various tax benefits. For instance, Equity Linked Saving Schemes are eligible for tax deductions under section 80C of the act. If equity schemes is more than 1 year then no tax is applicable. Short term capital gain is relevant within 3 years for debt redemption of mutual funds.
Hdfc Mutual Fund Investment Philosophy
The single most important factor behind Hdfc's Mutual Fund is its faith in providing the shareholder with the opportunity to invest beneficially in the financial market without constantly worrying about the fluctuations in the market. Hdfc mutual fund has developed the infrastructure needed to conduct all the basic research and to help it with strong analysis. By delivering long term benefits to the customer Hdfc Mutual Fund constantly monitor the industries of new trends, identify new development opportunities and communicate this information in the form of product offerings with the stakeholders. Hdfc Mutual Fund built a variety of products across asset and threat categories to allow investors to invest according to their investment goals and risk capabilities as well as it also offers services for portfolio management.
Hdfc Mutual Fund Sponsors
In 1977, HDFC was founded as India's first professional mortgage company. HDFC provides financial support for the acquisition and development of residential housing to persons, businesses and investors. It also provides service related to properties, education and consultancy. For the thirteenth year of succession, HDFC has received the highest rating for its securities and deposits program. HDFC Standard Life Insurance Company Limited, sponsored by HDFC, was the first private sector life insurance company to obtain a registration certificate on 23rd October 2000, from the Insurance Regulatory and Development Authority to conduct life insurance in India.
Standard Life Investment Limited
Established in 1825, the standard life assurance company has significant experience in global financial markets. Since 1847 to 1938 when agencies were founded in Kolkata and Mumbai, the company was present in the Indian Life Insurance Sector. The company re-entered the Indian Market in 1995 when an agreement was signed with HDFC to set up an insurance joint venture. To fulfil its client's different needs and risk profiles, Standard Life Investments Limited maintains a diverse portfolio that includes a variety of private and public equity, government and corporate bonds, property investments and numerous derivative instruments globally.
Hdfc Trustee Company Limited
Hdfc Trustee Limited, a company incorporated under the Companies Act, 1956 is the trustee of Hdfc Mutual Fund under the Trust Act of 8th June 2000 as revised from time to time. Hdfc Trustee Company Limited is a completely owned Hdfc subsidiary.
If you want to invest in mutual funds through Hdfc bank you need to create an ISA account (Investment Services Account). ISA is linked with the bank which allows you to buy and sell mutual fund units. A fee is required to pay in order to sell or buy mutual fund units.
In the official Hdfc mutual fund site log-in to your account and select the scheme you want and also the number of units you want to buy. Submit your details, pay the amount for your transaction and you are done.
STP alludes to Systematic Transfer Plan where an individual spends a lump sum to one scheme and periodically transfers. A sum that you choose is moved monthly to a specified date from one mutual fund scheme to another. Generally Fixed Systematic transfer plan (FSTP), monthly interval and capital appreciation systematic transfer plan (CASTP), monthly interval is accessible to unit-holders on 1st, 5th, 10th, 15th, 20th , 25th of the month and FSTP quarterly interval and CASTP, quarterly interval facility is accessible to unit-holders on 1st, 5th, 10th, 15th, 20th and 25th of the first month for every quarter.
Entry Load- The sum transferred under the STP from the transferor scheme to the transferee scheme shall be paid by redeeming units of the transferor scheme to the applicable NAV after payment of the exit load if any, and by subscribing units of the transferee scheme to the applicable NAV without payment of any entry load if any, as of the specified date of any month or quarter. In case the date falls on a non-business day or in a book closure period, the next business day shall be taken into consideration in order to determine the acceptability of the NAV.
Exit Load- If the units are redeemed/switched out on or before the deadline of two years from the date of transfer, the relevant entry load is initially waived and will be imposed into theThe scheme is an open-scheme, offering sales/switch-in and redeem/switchout units at NAV based prices on each business days. The mutual fund shall dispatch redemption proceeds within 10 business days from the date of redemption in accordance with the SEBI Regulations. A 15% penal interest or any other price that may be imposed by SEBI from time to time shall be paid by the AMCA in the condition that the payment of the proceeds of redemption is not rendered within 10 days of the date of redemption. Under the normal condition, however the mutual fund would endeavor to pay the redemption proceeds from the date of redemption within 3-4 business days._ transfer scheme. In addition, if any the applicable exit load will also be imposed in the transfer scheme/plan as on the date of the unit allocation. The facility, therefore, offers similar advantages of those of the SIP and is ideal for those investors who aim to invest systematically and currently have investment funds.
Hdfc MF schemes have divided into 5 categories which are provided below.
Type of Fund- An open ended equity scheme investing across large cap, mid cap & small cap stocks
Fund Category- Multi Cap Fund
Investment Objective- To generate capital appreciation / income from a portfolio, predominantly invested in equity & equity related instruments.
Fund Management
Type of Scheme- An open ended equity scheme following a value investment strategy
Fund Category- Value Fund
Scheme Objective- To achieve capital appreciation/income in the long term by primarily investing in undervalued stocks.
Fund Management
Type of Fund- An open ended equity scheme predominantly investing in large cap stocks
Category of the scheme- Large Cap Fund
Investment Objective- To provide long-term capital appreciation/income by investing predominantly in Large-Cap companies.
Fund Management
Type of Fund- An open ended scheme predominantly investing in mid cap stocks
Category of the scheme- Mid Cap Fund
Investment Objective- To generate long-term capital appreciation/income by investing predominantly in Mid-Cap companies
Fund Management
Type of Fund- An open ended equity scheme predominantly investing in small-cap funds.
Category of the scheme- Smal Cap Fund
Investment Objective- To generate long-term capital appreciation /income by investing predominantly in Small-Cap companies
Fund Management
Type of Fund- An open-ended equity scheme investing in both large-cap and mid-cap stocks.
Category of the scheme- Large and Midcap fund
Investment Objective- To provide long term capital appreciation/income from a portfolio, predominantly invested in equity and equity-related instruments.
Fund Management
Type of Fund- An open ended equity scheme investing in maximum 30 stocks in large-cap, mid-cap and small-cap category
Category of the scheme- Focused Fund
Investment Objective- To generate long term capital appreciation/income by investing in equity & equity related instruments of up to 30 companies.
Fund Management
Type of Fund- An open ended equity scheme following infrastructure theme
Category- Thematic Fund
Investment Objective- To seek long-term capital appreciation/income by investing predominantly in equity and equity related securities of companies engaged in or expected to benefit from the growth and development of infrastructure.
Fund Management
Type of Fund- An open ended balanced advantage fund
Category- Balanced Advantage Fund
Investment Objective- To generate long term capital appreciation/income from a dynamic mix of equity and debt investments.
Fund Management
Type of Scheme- An open ended hybrid scheme investing predominantly in equity and equity related instruments
Category- Aggressive Hybrid Fund
Scheme Objective- The primary goal of the scheme is to provide capital appreciation / income from a portfolio, predominantly of equity & equity related instruments. The Scheme will also invest in debt and money market instruments.
Fund Management
Type of Scheme- It is an open-ended scheme investing in equity and equity-related instruments, debt & money market instruments and gold
Category- Multi Asset Allocation Fund
Scheme Objective- The primary goal of the scheme is to provide long term capital appreciation/income by investing in a diversified portfolio of equity & equity related instruments, debt & money market instruments and Gold.
Fund Management
Type of Scheme- An open ended scheme replicating / tracking NIFTY 50 index
Category of Scheme- Exchange Traded Fund
Scheme Objective- To generate returns that are commensurate with the performance of the NIFTY 50 Index
Fund Management
Type of Scheme- An open ended scheme replicating / tracking NIFTY 50 index
Category- Index Fund
Scheme Objective- To provide returns that are commensurate with the performance of the NIFTY 50 Index
Fund Management
Type of Scheme- An open ended scheme replicating / tracking S&P BSE SENSEX index
Category- Exchange Traded Fund
Scheme Objective- To provide returns that are commensurate with the performance of the S&P BSE SENSEX Index, subject to tracking errors.
Fund Management
Type of Scheme- An open ended scheme replicating / tracking S&P BSE SENSEX index
Category- Index Fund
Scheme Objective- To provide returns that are commensurate with the performance of the S&P BSE SENSEX Index
Fund Management
Type of Scheme- An open ended scheme investing in equity, arbitrage and debt
Category- Equity Savings Fund
Scheme Objective- To generate capital appreciation by investing in equity & equity related instruments, Arbitrage opportunities, and Debt & money market instruments.
Fund Management
Type of Scheme- An open ended hybrid scheme investing predominantly in debt instruments
Category- Conservative Hybrid Fund
Scheme Objective- To provide income/capital appreciation by investing primarily in debt securities, money market instruments and moderate exposure to equities.
Fund Management
Type of Scheme- An open ended scheme investing in arbitrage opportunities
Category- Arbitrage Fund
Scheme Objective- To seek income through arbitrage opportunities and debt & money market instruments.
Fund Management
Type of Scheme- An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds
Category- Corporate Bond Fund
Investment Objective- To provide income/capital appreciation through investments predominantly in AA+ and above rated corporate bonds.
Fund Management
Type of Scheme- An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds)
Category- Credit Risk Fund
Investment Objective- To provide income/capital appreciation by investing predominantly in AA and below rated corporate debt
Fund Management
Type of Scheme- An open ended debt scheme predominantly investing in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds
Scheme Category- Banking and PSU Fund
Investment Objective- To provide income/capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks (SCBs), Public Sector undertakings (PSUs), Public Financial Institutions (PFIs), Municipal Corporations and such other bodies.
Fund Management
Type of Scheme- An open ended debt scheme investing in government securities across maturities
Category- Gilt Fund
Investment Objective- To provide credit risk-free returns through investments in sovereign securities issued by the Central Government or State Government.
Fund Management
Type of Scheme- An open ended dynamic debt scheme investing across duration
Category- Dynamic Bond Fund
Investment Objective- To provide income/capital appreciation by investing in a range of debt and money market instruments.
Fund Management
Type of Scheme- An open ended medium term debt scheme investing in instruments such that the Macaulay Duration of the Portfolio is between 4 years and 7 years
Category- Medium to Long Duration Fund
Investment Objective- To provide income / capital appreciation through investments in debt and money market instruments.
Fund Management
Type of Scheme- An open ended medium term debt scheme investing in instruments such that the Macaulay Duration of the portfolio is between 3 years and 4 years.
Category- Medium Duration Fund
Investment Objective- To provide income/capital appreciation through investments in Debt and Money Market Instruments.
Fund Management
Type of Scheme- An open ended short term debt scheme investing in instruments such that the Macaulay Duration of the portfolio is between 1 year and 3 years
Category- Short Duration Fund
Investment Objective- To generate income / capital appreciation through investments in Debt and Money Market Instruments.
Fund Management
Type of Scheme- An open ended low duration debt scheme investing in instruments such that the Macaulay Duration of the portfolio is between 6 months and 12 months
Category- Low Duration Fund
Investment Objective- To provide regular income/capital appreciation through investment in debt securities and money market instruments.
Fund Management
Type of Scheme- An open ended debt scheme investing in money market instruments
Category- Money Market Fund
Investment Objective- To provide income / capital appreciation by investing in money market instruments.
Fund Management
Type of Scheme- An open ended debt scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps / derivatives)
Investment Objective- To provide income/capital appreciation through investment in a portfolio comprising substantially of floating rate debt,fixed rate debt instruments swapped for floating rate returns and money market instruments.
Category- Floater Fund
Fund Management
Type of Fund- An open ended ultra-short term debt scheme investing in instruments such that the Macaulay Duration of the portfolio is between 3 months and 6 months
Category- Ultra Short Duration Fund
Investment Objective- To provide income/capital appreciation through investment in debt securities and money market instruments.
Fund Management
Type of Scheme- An open ended liquid scheme
Category- Liquid Scheme
Investment Objective- To provide income through a portfolio comprising money market and debt instruments.
Fund Management
Type of Fund- An open ended debt scheme investing in overnight securities
Investment Objective- To provide returns by investing in debt and money market instruments with overnight maturity.
Fund Management
Type of Scheme- An open ended equity linked savings scheme with a statutory lock-in of 3 years and tax benefit
Fund Category- Equity Linked Savings Scheme
Investment Objective- To provide capital appreciation/income from a portfolio, comprising predominantly of equity & equity related instruments.
Fund Management
Type of Fund- An open ended fund for investment for children having a lock-in for atleast years or till the child attains age of majority.
Fund Category- Children’s Fund
Investment Objective- To provide capital appreciation / income from a portfolio of equity & equity related instruments and debt and money market instruments.
Fund Management
Type of Scheme- An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement period
Fund Category- Retirement Fund
Investment Objective- To generate longterm capital appreciation/income by investing in a mix of equity and debt instruments to help investors meet their retirement goals
Fund Management
Type of Scheme- An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age
Category- Retirement Fund
Investment Objective- To generate longterm capital appreciation/income by investing in a mix of equity and debt instruments to help investors meet their retirement goals.
Fund Management
Type of Fund- An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)
Category- Retirement Fund
Investment Objective- To generate longterm capital appreciation/income by investing in a mix of equity and debt instruments to help investors meet their retirement goals
Fund Management