Incorporated in 1999, HDFC AMC was formed as a joint venture between HDFC Limited & erstwhile Standard Life Investments Limited. HDFC Asset Management Company Limited (HDFC AMC) is one of India's largest mutual fund managers with an Average AUM of Rs. 6,63,216.91 Cr as of June 30th, 2024.HDFC group is India’s top financial conglomerate with a presence in housing finance, banking, life and non life insurance, asset management, real estate funds, and education finance. HDFC Limited the holding company of HDFC AMC has a 52.56% share in company's equity share capital.HDFC AMC offers approximately 53 primary schemes. They have a wide network of 228 Investor Service Centres across more than 200 cities. Apart from mutual funds, AMC also offers Portfolio Management Services and Separately Managed Account (SMA) Services to meet the unique investment needs of clients.
To invest in HDFC Mutual Fund schemes, there is no physical documentation required. You need to upload the following KYC documents online:
Proof of Identity (PAN, Aadhaar)
Proof of Address (Aadhaar)
How to Invest in HDFC Mutual Fund
Step 1: Download the Rupeezy App if you do not have an account.
Step 2: If you are a first-time user, you need to submit your KYC documents like PAN, Aadhaar, add personal details, and complete the account verification.
Step 3: Select HDFC Mutual Fund and review the scheme list in each category.
Step 4: Assess the funds' performance and risk parameters.
Step 5: Select the appropriate category as per your financial goal and risk appetite.
Step 6: Compare the selected fund with other funds in its category using Smart Explore on a visual graph.
Step 7: Check fund portfolio overlap among all funds in your portfolio. Check the fund impact on your overall portfolio with the Impact Analysis feature.
Step 8: Select the fund, add lumpsum, or SIP, and set up payment with UPI or net banking.
HDFC Mutual Fund FAQs
Ans: Yes, HDFC Mutual Fund mutual fund schemes are considered safe investments. In India, all Asset Management Companies (AMC), including HDFC Mutual Fund, are regulated by SEBI (Securities and Exchange Board of India) and AMFI (Association of Mutual Funds in India). The mutual fund industry operates under strict regulations to safeguard investors' interests. However, it's crucial for investors to conduct thorough research to ensure that the specific fund schemes align with their financial goals and risk tolerance.
Ans: HDFC Mutual Fund Mutual Fund schemes are not tax free. Mutual fund capital gains are subject to capital gains tax. In the case of equity mutual funds, mutual fund units sold within a year of purchase will attract a 20% tax on profits. Gains from mutual funds held for more than a year are taxed at 12.5%. For debt funds, the debt fund units sold within three years will be taxed as per the income tax slab. For debt funds held for over three years, the tax rate is 12.5% without indexation benefits.
Here are some of the best-performing funds from HDFC Mutual Fund AMC based on past 5-year returns:
Fund Name
5-Year Return (%)
HDFC Overnight Fund
4.76%
HDFC Liquid Fund
5.23%
HDFC Ultra Short Term Fund
5.72%
HDFC Low Duration Fund
6.02%
HDFC Money Market Fund
5.95%
Ans: Yes, HDFC Mutual Fund AMC is good for long-term capital appreciation. The equity schemes under the AMC have performed well over the long term and delivered returns above the category average. Visit the Rupeezy Invest App to check HDFC Mutual Fund AMC fund performance.
Ans: You can log in to your Rupeezy app and view your portfolio which will show you the current value as per the prevailing NAV on the last closing business day.
Want to invest in Mutual Fund?
Open Rupeezy account now. It is 100% free and secure.
