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HDFC Mutual Fund

HDFC Asset Management Company Ltd. or HDFC Mutual Fund is currently the largest mutual fund and actively managed equity mutual fund in India. It is one of the most profitable asset management companies (AMC) in the country. The company manages assets worth Rs. 415566.10 crores as of Mar 31 2021.

In the last 5 years, the CAGR of:

  • Revenue from operators was 17.41%.
  • Operating profit was 20.08%.
  • Profit before tax was 21.35%.
  • Profit after tax was 21.07%.
  • Assets under management (AuM) was 25.86%.
  • Active equity AuM was 32.27%.

The company has around 210 branches located in more than 200 cities around India. It has 53 Lakh investors with 91 Lakh live accounts.

HDFC Asset Management Company Ltd. received approval to act as an AMC from SEBI back on 30 June 2000 under the registration number MF/044/00/6. It also offers portfolio management/non-binding investment advisory services since 18 September 2016 under the registration code PM /INP000000506 from SEBI.

List of undefined in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
HDFC Retirement Savings FundSolution OrientedVery High4.9%5₹2,125
HDFC Credit Risk Debt FundDebtModerately High4.0%5₹8,640
HDFC Dynamic Debt FundDebtModerate1.3%5₹481
HDFC Gold FundOtherHigh8.2%4₹1,361
HDFC Retirement Savings FundSolution OrientedVery High1.8%4₹800
HDFC Index Sensex FundOtherVery High2.1%4₹3,384
HDFC Retirement Savings FundSolution OrientedModerately High2.8%4₹143
HDFC Short Term Debt FundDebtModerate3.2%4₹14,204
HDFC Medium Term Debt FundDebtModerately High3.0%4₹3,759
HDFC Banking and PSU Debt FundDebtLow to Moderate3.0%4₹5,775
HDFC Money Market FundDebtModerate3.9%4₹13,367
HDFC Ultra Short Term FundDebtModerate3.8%4₹13,805
HDFC Small Cap FundEquityVery High-1.4%3₹12,131
HDFC Mid-Cap Opportunities FundEquityVery High2.3%3₹30,341
HDFC Large and Mid Cap FundEquityVery High5.1%3₹5,926
View All

Key information about HDFC Asset Management Company Ltd.

Mutual fund nameHDFC Mutual Fund
Asset management company nameHDFC Asset Management Company Ltd.
AMC Incorporation DateDecember 10, 1999
Sponsor nameHDFC Ltd.Abrdn Investment Management Limited (AIML) erstwhile (Standard Life Investments)
Trustee organisationHDFC Trustee Company Limited
Name of trusteesMr. Vimal Bhandari (Chairman)Mr. V.Srinivasa Rangan (Director)Mr. Mehernosh Kapadia (Independent Director)Mr. Dindayal Jalan (Independent Director)
MD and CEOMr. Navneet Munot
CIOMr. Prashant Jain
Compliance OfficerMs. Supriya Sapre
Investor Service OfficerMr. Sameer Sakseria
Total AUM (as of end of last quarter)Rs. 415566.1 Cr.

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How can you invest in ?

Mutual Fund investment not only provides a lot of benefits but can also help in reducing the risk by investing in diverse portfolios. If you are looking to invest in HDFC Bank Mutual funds, such an investment can be made online as well as offline. The HDFC mutual fund application via offline mode can be done by filling up an investment application form. If you prefer to do it online, the prerequisites of how can you invest in HDFC MF online is given below.

  • The applicant should be an existing HDFC Bank account holder
  • The applicant should be KYC Compliant
  • The status of the Savings Bank Account needs to be Single or Either/Survivor
  • The Account Opening Application Form needs to be signed by all the Bank Account Holders

However, you can also invest in HDFC Mutual Funds online on Groww; the steps for which are given below:

How to Invest in HDFC MF on Groww

Investing in HDFC Bank Mutual Fund online is a convenient process and you can do so by following the few simple steps mentioned below:

Step 1. Log-in to your Groww account or register if you don’t have one.

Step 2. Upload your identity proof documents (Aadhaar, Voter ID, PAN, Passport, Driving License, Central or State Government ID card, etc.)

Step 3. Upload your proof of address documents (any identity proof documents with your permanent address, etc.)

Step 4. Select the investment period of your preference.

Step 5. Choose your risk appetite - low, mid, or high.

Step 6. Choose your preferred HDFC Bank Mutual Fund.

Step 7. Click on “Invest One Time” if you want to invest a lump sum amount or “Start SIP” if you want to invest via SIP.

The HDFC Mutual Fund in India you have invested in will show in your Groww account within 3 to 4 working days.

Top Fund Managers

1. Mr. Chirag Setalvad

Chirag Setalvad has a B.Sc degree in Business Administration from the University of North Carolina.

Not only fund management but he also has extensive experience in investment banking and equity research. He joined HDFC Asset Management Company Ltd. as a Fund Manager in 2000. In 2004, he left the company to become the Vice President at New Vernon Advisory Services Pvt. Ltd. Mr. Setalvad came back to HDFC Mutual Fund in 2007 as the Senior Fund Manager of Equities.

Chirag Setalvad currently manages Rs. 57,928 Crore in 15 schemes like - Small Cap Fund, Retirement Savings Fund, Multi Asset Fund, Mid-Cap Opportunities Fund, Long Term Advantage Fund, Hybrid Equity Fund, Children's Gift Fund, etc.

2. Mr. Prashant Jain

Prashant Jain owns a B.Tech degree from the Indian Institute of Technology, Kanpur and a PGDM degree from the Indian Institute of Management, Bangalore. He is also a Chartered Financial Analyst (CFA) from AIMR.

He started his career as a Fund In-Charge at SBI Mutual Fund in 1991. After this, he moved to Zurich Asset Management Company (India) Private Ltd. to become the Chief Investment Officer, Head of Funds Management, and Fund Manager in 1993.

Mr. Jain joined HDFC Asset Management Company Ltd. as the Head of Equities in 2003. He became the Chief Investment Officer, Executive Director, and Fund Manager in 2004.

As of 2019, Prashant Jain is the only Fund Manager in India to have managed a fund (HDFC Balanced Advantage Fund) for 25 years. The HDFC Balanced Advantage Fund is the largest equity fund in India with an AuM of R. 37,395 crore. As per Morningstar Direct, it has generated an alpha of 9.5% over the Sensex since 1994.

He currently manages an AuM of Rs. 90,640 Crore invested in around 17 HDFC Mutual Funds.

3. Mr. Vinay R. Kulkarni

Vinay R. Kulkarni is a B.Tech from Indian Institute of Technology, Bombay and PGDM from Indian Institute of Management, Bangalore.

He initially began his career as a Software Engineer in Patni Computer Systems Ltd. in 1988. Mr. Kulkarni became a Fund Manager at UTI Asset Management Company Private Ltd. in 1992. Later, he joined Deutsche Asset Management (India) Pvt. Ltd. in 2005 as a Senior Fund Manager. A year later, he moved to Tata Asset Management Ltd. also as a Senior Fund Manager. He joined HDFC in the same year (2006) as the Senior Fund Manager of Equities.

Vinay R. Kulkarni manages an AuM of Rs. 14,950 Crore in 10 HDFC Mutual Funds including Equity Savings Direct Plan, Taxsaver Direct Plan, Focused 30 Fund, Growth Opportunities Fund, etc.

4. Mr. Shobhit Mehrotra

Shobhit Mehrotra holds a B.Tech, MS, and MBA degree from the Clemson University. His primary areas of expertise include credit ratings and fixed income markets.

Mr. Mehrotra was initially the Business Investment Analyst at ICRA Ltd. back in 1992. In 1997, he became the Assistant Vice President and Portfolio Manager of Fixed Income at Templeton Asset Management (India) Pvt. Ltd. He joined HDFC Asset Management Company Ltd. in 2004 as the Head of Credit and Senior Fund Manager of Fixed Income.

Shobhit Mehrotra manages an AuM of Rs. 36,709 Crore invested in 22 HDFC schemes like Retirement Savings Fund, Medium Term Debt Fund, Credit Risk Debt Fund, Floating Rate Debt Fund, Income Direct Plan, Medium Term Debt Fund, etc.

5. Mr. Anupam Joshi

Anupam Joshi has a PGDBM degree from the Chetana's Institute of Management & Research.

He joined as the Fixed Income Dealer at Asit C. Mehta Investment Intermediates Ltd. back in 2001. Mr. Joshi joined ICAP India Pvt. Ltd. as a Dealer in 2003. He became the Assistant Manager of Fixed Income at Principal PNB Asset Management Company in 2005, where is also played the role of Portfolio Manager. In 2008, he joined IDFC Asset Management Company Private Limited as the Associate Director of Investments, Director of Fund Management, and Fund Manager.

Anupam Joshi is currently the Portfolio Manager and Fund Manager of Fixed Income at HDFC Mutual Fund since 2015. He manages an AuM of Rs. 1.23 Lakh Crore in 11 schemes like Corporate Bond, Low Duration Fund, Liquid Direct Plan, etc.

6. Mr. Anil Bamboli

Anil Bamboli is a Chartered Financial Analyst (CFA) and also holds a B.Com and MMS in Finance degree.

He joined SBI Funds Management Pvt. Ltd. as an Assistant Vice President in 1994. Mr. Bamboli joined HDFC Asset Management Company Ltd. as a Senior Fund Manager in 2003. He manages AuM of Rs. 44,541 Crore in 22 schemes like Banking and PSU Debt Fund, Short Term Debt Fund, Gilt Fund, Money Market Fund, Overnight Fund, Dynamic Debt Fund, Equity Savings, Dynamic PE Ratio Fund of Funds, Multi Asset Fund, etc.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

HDFC Retirement Savings Fund Equity Plan Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.63% & 14.12%. The HDFC Retirement Savings Fund comes under the Solution Oriented category of HDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for HDFC Retirement Savings Fund is ₹5,000 and for SIP, it is ₹300.

Min Investment Amt₹5,000
AUM₹2,125Cr
1Y Returns4.9%

HDFC Credit Risk Debt Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 8.14% & 7.55%. The HDFC Credit Risk Debt Fund comes under the Debt category of HDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for HDFC Credit Risk Debt Fund is ₹5,000 and for SIP, it is ₹300.

Min Investment Amt₹5,000
AUM₹8,640Cr
1Y Returns4.0%

HDFC Dynamic Debt Fund Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.15% & 5.12%. The HDFC Dynamic Debt Fund comes under the Debt category of HDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for HDFC Dynamic Debt Fund is ₹5,000 and for SIP, it is ₹300.

Min Investment Amt₹5,000
AUM₹481Cr
1Y Returns1.3%

HDFC Gold Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 14.74% & 11.67%. The HDFC Gold Fund comes under the Other category of HDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for HDFC Gold Fund is ₹5,000 and for SIP, it is ₹300.

Min Investment Amt₹5,000
AUM₹1,361Cr
1Y Returns8.2%

HDFC Retirement Savings Fund Hybrid Equity Plan Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.7% & 11.71%. The HDFC Retirement Savings Fund comes under the Solution Oriented category of HDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for HDFC Retirement Savings Fund is ₹5,000 and for SIP, it is ₹300.

Min Investment Amt₹5,000
AUM₹800Cr
1Y Returns1.8%

HDFC Index Sensex Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 10.95% & 12.26%. The HDFC Index Sensex Fund comes under the Other category of HDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for HDFC Index Sensex Fund is ₹5,000 and for SIP, it is ₹300.

Min Investment Amt₹5,000
AUM₹3,384Cr
1Y Returns2.1%

HDFC Retirement Savings Fund Hybrid Debt Plan Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.84% & 7.32%. The HDFC Retirement Savings Fund comes under the Solution Oriented category of HDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for HDFC Retirement Savings Fund is ₹5,000 and for SIP, it is ₹300.

Min Investment Amt₹5,000
AUM₹143Cr
1Y Returns2.8%

HDFC Short Term Debt Fund Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.19% & 7.23%. The HDFC Short Term Debt Fund comes under the Debt category of HDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for HDFC Short Term Debt Fund is ₹5,000 and for SIP, it is ₹300.

Min Investment Amt₹5,000
AUM₹14,204Cr
1Y Returns3.2%

HDFC Medium Term Debt Fund Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.14% & 7.11%. The HDFC Medium Term Debt Fund comes under the Debt category of HDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for HDFC Medium Term Debt Fund is ₹5,000 and for SIP, it is ₹300.

Min Investment Amt₹5,000
AUM₹3,759Cr
1Y Returns3.0%

HDFC Banking and PSU Debt Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.11% & 7.14%. The HDFC Banking and PSU Debt Fund comes under the Debt category of HDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for HDFC Banking and PSU Debt Fund is ₹5,000 and for SIP, it is ₹300.

Min Investment Amt₹5,000
AUM₹5,775Cr
1Y Returns3.0%

HDFC Money Market Fund Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.5% & 6.33%. The HDFC Money Market Fund comes under the Debt category of HDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for HDFC Money Market Fund is ₹5,000 and for SIP, it is ₹300.

Min Investment Amt₹5,000
AUM₹13,367Cr
1Y Returns3.9%

HDFC Ultra Short Term Fund Direct Growth

Fund Performance: The HDFC Ultra Short Term Fund comes under the Debt category of HDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for HDFC Ultra Short Term Fund is ₹5,000 and for SIP, it is ₹300.

Min Investment Amt₹5,000
AUM₹13,805Cr
1Y Returns3.8%

HDFC Small Cap Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 16.34% & 13.44%. The HDFC Small Cap Fund comes under the Equity category of HDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for HDFC Small Cap Fund is ₹5,000 and for SIP, it is ₹300.

Min Investment Amt₹5,000
AUM₹12,131Cr
1Y Returns-1.4%

HDFC Mid Cap Opportunities Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 16.3% & 11.07%. The HDFC Mid-Cap Opportunities Fund comes under the Equity category of HDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for HDFC Mid-Cap Opportunities Fund is ₹5,000 and for SIP, it is ₹300.

Min Investment Amt₹5,000
AUM₹30,341Cr
1Y Returns2.3%

HDFC Large and Mid Cap Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 14.63% & 11.24%. The HDFC Large and Mid Cap Fund comes under the Equity category of HDFC Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for HDFC Large and Mid Cap Fund is ₹5,000 and for SIP, it is ₹300.

Min Investment Amt₹5,000
AUM₹5,926Cr
1Y Returns5.1%

FAQs on HDFC Mutual Fund

How to Start HDFC Mutual Fund SIP Online?

One can start investing in HDFC Mutual Fund online through Groww without any hassles. Alternatively, they can also invest through the respective fund houses’ website. One can also make use of any other online platform or mobile application to invest in HDFC Mutual Funds.

How to Calculate HDFC Mutual Fund SIP?

To calculate HDFC Mutual Fund SIP, one needs to take into account certain things such as:

  1. the investment amount
  2. the tenure of SIP
  3. the number of your HDFC Mutual Fund SIPs (if there's any) already paid
  4. expected interest rate

How to redeem HDFC Mutual Fund?

To redeem HDFC Mutual Funds through offline mode, one can visit the nearest fund house and submit a form. Alternatively, an investor can also visit the official website and redeem the investment by signing in with the folio number. They can also withdraw their HDFC Mutual Fund investments from any online portal where they have invested.

How to increase SIP amount in axis mutual fund?

An HDFC Mutual Fund sip amount can be increased with the help of Step-up or top-up SIPs. Earlier, this facility was provided by very few fund houses. Now, however, most of them offer it but it is advisable to check with the fund house first. If the facility is available, it is advisable to check with Step-up Calculator to calculate the SIP Amount and then take any decision.

How to stop a SIP in an HDFC Mutual Fund online?

Yes, you can stop your SIP online at any time by just placing a Cancel SIP request. To stop or cancel your SIP, you can either log in to the HDFC Mutual Funds website with a folio number or contact your agent or check the steps on the online investment platform where you have invested.

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