HDFC Prudence Growth is a Hybrid Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was introduced to investors on 01 Feb 1994. Prashant Jain is the Current Fund Manager of HDFC Prudence Growth.The fund currently has an Asset Under Management(AUM) of ₹39,431 Cr and the Latest NAV as of 01 Jun 2018 is ₹491.98.
The HDFC Prudence Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. For units in excess of 15% of the investment, 1% will be charged for redemption within 365 days.
Investment Objective
The fund aims to provide periodic returns and capital appreciation over a long period of time, from a judicious mix of equity and debt investments, with the aim to prevent/ minimise any capital erosion.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment
For units in excess of 15% of the investment, 1% will be charged for redemption within 365 days
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