Groww Logo
Home>Blog>Mutual Funds>Best HDFC SIP Plans 2022

Best HDFC SIP Plans 2022

08 June 2022

Mutual funds are still the most popular investment vehicle among both conservative and assertive investors. A lump sum investment in Mutual Funds is the traditional method. You can now invest through Systematic Investment Plans or SIPs. A Systematic Investment Plan (SIP) is a strategy of purchasing Mutual Fund elements in routine installments.

SIP allows you to invest a set amount on a regular basis and all you have to do is choose your ideal funds and inform your financial institution to subtract the set amount on a regular basis.

HDFC Asset Management Company Ltd., also known as HDFC Mutual Fund, is India's largest mutual fund and actively managed equity mutual fund. It is one of the country's most profitable asset management companies (AMC). As of March 31, 2021, the company has managed assets worth Rs. 415566.10 crores. Mutual fund Investments in HDFC not only provide numerous advantages, but they can also help to reduce risk by investing in diverse portfolios.

In this blog, we have comprised a list of the Best HDFC Mutual Funds for SIP:

HDFC Best SIP Plans 2022

S.No.

HDFC Mutual Fund SIP

1.

HDFC Credit Risk Debt Fund Direct-Growth

2. 

HDFC Dynamic Debt Fund Direct-Plan-Growth

3.

HDFC Retirements Savings Fund Equity Plan Direct-Growth

4.

HDFC Gold Direct-Plan Growth

5.

HDFC Retirement Savings Fund Hybrid Equity Direct-Plan-Growth

 

Factors to Consider Before Investing in HDFC Best Mutual Funds for SIP

  • Know The Flexibility of SIPs

SIPs are fairly flexible as they allow you to expand or reduce your monthly incentive to invest. You can halt the SIP investment for just a set period of time if you are experiencing financial difficulties and you can also invest in multiple SIPs at the same time so check if this suits your portfolio and matches your requirements and then invest in any of the above HDFC Mutual Fund Plans.

  • Determine Your Requirements

You can start a SIP by investing a very small amount each month to invest in a mutual fund, and you can invest in SIPs according to your needs. Rather than making a large one-time investment, thus, you could make smaller monthly investments to relieve financial stress while investing in HDFC Mutual Funds for SIP.

  • Strengthen Your Investment Portfolio Based on Your Risk Tolerance

Your appetite for risk is the amount of risk you are willing to take when investing in a specific asset class. Every investor has a different risk tolerance, which is influenced by a variety of factors such as discretionary income, investment horizon, and other needs, and check all of these personally before investing in any of the above HDFC SIP Mutual Funds.

  • Analyze The Performance of The Mutual Fund Every Alternate Year

No matter what SIP Mutual Funds you consider investing in, a regular review of your SIP mutual fund portfolio is recommended. This should be done every three or four years to help you get rid of underperformers and improve the returns on your portfolio.

Performance Of the Best HDFC Mutual Funds Of 2022

  1. HDFC Credit Risk Debt Fund Direct-Growth

HDFC Credit Risk Debt Fund Direct-Growth is a Debt Mutual Fund Scheme launched by HDFC Mutual Fund. The scheme seeks to generate income/capital appreciation by investing predominantly in A and below rated corporate debt.

  1. HDFC Dynamic Debt Fund Direct-Plan-Growth

HDFC Dynamic Debt Fund Direct-Plan-Growth is a Debt Mutual Fund Scheme launched by HDFC Mutual Fund. The scheme seeks to generate income/capital appreciation by investing in a range of debt and money market instruments.

  1. HDFC Retirements Savings Fund Equity Plan Direct-Growth

HDFC Retirement Savings Fund Equity Plan-Direct-Growth is a Solution Oriented Mutual Fund Scheme launched by HDFC Mutual Fund. The Scheme seeks to provide long-term capital appreciation/income by investing in a mix of equity and debt instruments to help investors meet their retirement goals.

  1. HDFC Gold Direct-Plan Growth

HDFC Gold Fund is in the mutual fund category of Fund-of-Fund, which buys or sells units of HDFC Gold ETF. HDFC Gold Mutual Fund has the domestic price of physical gold as its underlying benchmark. The Scheme seeks to generate capital appreciation by investing in units of HDFC Gold Exchange Traded Fund.

  1. HDFC Retirement Savings Fund Hybrid Equity Direct-Plan-Growth

HDFC Retirement Savings Fund Hybrid Equity Plan Direct-Growth is a Solution Oriented Mutual Fund Scheme launched by HDFC Mutual Fund. The Scheme seeks to provide long-term capital appreciation/income by investing in a mix of equity and debt instruments to help investors meet their retirement goals.

Conclusion

This was the list of the Best HDFC Mutual Funds for SIP in 2022. The SIP Investment Method is ideal for all types of investors. SIP can be used to start your investment journey or to diversify your investment across various mutual fund schemes. With small, consistent investments, you can amass a sizable corpus over time and what better way to start your journey with HDFC Mutual Funds for SIP? With proper research and study, anything can be possible.

Happy Investing Folks!

Disclaimer: The views expressed in this post are that of the author and not those of Groww.

To read the RA disclaimer, please click here

Research Analyst - Bavadharini KS

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
Do you like this edition?
LEAVE A FEEDBACK
ⓒ 2016-2022 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 3.1.1
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  L&T |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  INDIABULLS |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI