• HDFC Mutual Fund

    HDFC Mutual Fund - Overview

    HDFC or the Housing Development Finance Corporation Limited is one of India’s premier financial conglomerates. It was established in 1977 as a mortgage company and has since grown into a financial giant that has major subsidiaries like HDFC Bank, HDFC Standard Life Insurance Company Limited and even HDFC Asset Management Company among others. The services provided by the company range from mortgages to insurance to Mutual Funds.

    Mutual Funds are the products offered by the asset management company HDFC Mutual Funds. It was established as a trust under HDFC along with Standard Life Investments Limited as the sponsor. The trustee of the company is HDFC Trustee Company Limited. The company launched its first product in 2000 and has grown considerably since then to offer Mutual Funds spread across 13 different types of funds.

    In a recent move, HDFC Mutual Fund, which is India’s largest Mutual Funds manager, acquired Morgan Stanley’s business when they exited the country. The eight schemes of Morgan Stanley that were bought by HDFC had a combined value of Rs. 3,290 crore. This move has put HDFC Mutual Fund even further ahead of its competitors in the Mutual Funds market.

    Funds Offered By HDFC Mutual Fund

    HDFC Mutual Fund offers a wide variety of Mutual Funds for investors to choose from. They range from the regular equity and debt funds to funds of funds schemes, liquid funds, etc.

    • Equity

    Equity funds are designed to invest mostly in the equity markets. The management of these funds can be active or passive (index funds). The various fund options offered under this scheme are meant to meet the long-term investment needs of the customers.

    • Debt / Income

    The debt funds, or income funds invest in short or long-term bonds, the money market, floating rate investments, etc. The purpose of these investments is to generate an income for the investor and that is exactly what the plans offered by HDFC Mutual Fund do.

    • Liquid

    Liquid funds are funds that make investments in fixed-income, short-term securities that come with maturity periods of 91 or less days. This makes them a low-risk investment option. These funds come without exit loads.

    • Children's Gift Fund

    The Children’s Gift Fund offered by HDFCMF is a scheme that has been designed to provide a chance for the investor’s capital to grow over the long term. The fund was launched for investors to meet the goals set for their children.

    • Exchange Traded Funds

    HDFC Mutual Fund’s Exchange Traded Funds or ETFs are funds that are traded on the stock market. They offer higher liquidity and come with lower fees when compared to other Mutual Funds. HDFC Mutual Fund offers 3 different types of funds in this category.

    • Annual Interval Fund - Series 1

    The investment objective of the plan under the scheme is to generate income through investments in Debt / Money Market Instruments and Government Securities maturing on or before the opening of the immediately following specified transaction period.

    • Rajiv Gandhi Equity Savings Scheme

    The Rajiv Gandhi Equity Savings Scheme (RGESS) is an equity investment scheme that offers investors tax benefits. It is meant to encourage small investors to start investing in the capital markets.

    • Fixed Maturity Plan

    The Fixed Maturity Plans offered by the company are Mutual Funds that invest in government securities and debt markets. They involve low risk and are close-ended schemes.

    • Fund of Fund Schemes

    This scheme invests in other Mutual Funds. HDFC Mutual Fund offers Gold Fund and Dynamic PE Ratio Fund under this category.

    • HDFC Capital Protection Oriented Schemes

    This is a scheme that is aimed at generating income for investors by investing in the debt market. The instruments that they invest in come with fixed maturity dates.

    Why choose HDFC Mutual Fund?

    HDFC Mutual Fund has a lot of offer to potential investors. The company boasts of offering customers a chance to invest profitably. This is made obvious by the following observations about the company.

    • Many of the products offered by the company come with CRISIL ratings of 3 and above.
    • The company offers investors a huge variety of funds to invest in.
    • Investors can get tax advantages by investing with HDFC MF’s ELSS.
    • The funds on offer range from short-term to long-term and can be used to meet investor goals. They offer both close and open-ended funds.
    • The company offers low, medium and high-risk products.

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    News about HDFC Mutual Fund

    • Why it is better to invest in mutual funds than gold

      Being a traditional investment option, people usually park their money in gold when they are considering long-term investments. However, gold is not an investment that provides great returns in comparison to other investment channels.

      In fact, investing in mutual fund schemes and blue chip companies is encouraged for better returns. Additionally, the rise in gold prices does not necessarily indicate an upper-hand against inflation. The annualised returns provided by gold have dipped by more than half over the past 20 years. The last 3 years have been revelatory, as gold has fetched returns in the range of 4.68%, a much lower rate from earlier.

      It is best to allocate 5-10% of an individual’s investment portfolio to gold ETFs. This will ensure stable returns and a robust portfolio. The rest can be allocated in mutual funds and schemes offered by blue chip companies.

      24 April 2018

    • Tech Sector Funds Deliver Highest Average Returns

      As per Value Research, a mutual fund research firm, the funds invested in the tech sector delivered about 38% returns last year. The Fast Moving Consumer Goods (FMCG) sector stood second by delivering 30.22% returns. Investment experts believe the defensive nature of the technology industry to be one of the prime reasons for the growth in the average returns. The sector has regained its momentum after a sluggish period. The three funds delivering the highest returns last year were Tata Digital India Fund, Aditya Birla Sun Life New Millennium Fund, and the ICICI Prudential Technology Fund.

      20 April 2018

    • Fixed Maturity Plan introduced by HDFC Mutual Fund

      This September HDFC Mutual Fund have introduced a new Fixed Maturity Plan a close ended scheme with a minimum subscription of Rs. 5000. The new fund offer is available from 24th September 2015 and closes on 4th October 2015, the scheme will have no entry or exit loads applicable. The scheme performance plan will have a maturity of up to 91 days and is benchmarked with Crisil Liquid Fund Index The objective of this scheme is to increase investment with income through government securities and debt or money market instrument on or before maturity.

      25 September 2015

    • HDFC Mutual Fund set to launch Resurgent India Fund

      One of the most prominent fund houses of the country, HDFC Mutual Fund has filed an offer document with SEBI for the launch of a new open-ended equity scheme called Resurgent India Fund. The scheme is meant as a pure equity scheme with a high risk-return ratio. The fund will offer units at a price of Rs.10 per unit and the entry load to avail the scheme is nil. The exit load for customers has been kept at 1% if the units are surrendered or redeemed within one year of availing the fund scheme.

      HDFC Resurgent India Fund will offer growth and dividend options and has a minimum target amount of Rs.10 crores. The benchmark of the scheme will be CNX 500 Index and the minimum amount that can be invested in Rs.5000. Since, it is an equity related scheme, the aim of the fund is to generate long-term capital growth by investing in equity and equity related companies of around 25 companies.

      22 September 2015

    • New income scheme from HDFC MF; NFO Sept.15 - 22, 2015

      HDFC Mutual Fund rolls out its new income scheme (close-ended). The NFO for the scheme ‘FMP 1108D September 2015 (1)’ is valid from September 15th to September 22nd 2015 for a minimum initial investment of Rs.5,000 without any entry load. Similarly, there will be no exit load under this scheme. Investments will be made in debt instruments with a view of earning fixed returns. It is a regular income-oriented scheme. The investments will be of durations equal to or lesser than the tenure of the scheme plans. The scheme duration is of 1108 days. The performance benchmarks of this scheme are the Crisil Liquid Index Fund, Crisil Short Term Bond Fund Index, Crisil Composite Bond Fund Index depending on the duration of the plans which falls under three terms viz. upto 91 days, between 91 days and 36 months and above 26 months.

      21 September 2015

    • HDFC Balanced Fund has consistent track record

      Despite the low risk profile, HDFC Balanced Fund’s 5 year return beats the returns of pure equity funds. The equity funds returns were at 9.5 percent, whereas the HDFC Balanced Fund’s returns were 14 percent. The fund was moved in and out of sectors in time. The fund moved from the IT sector to trim its allocation and shifted to banking space. The next sectors opted were defensive sectors software and pharmaceuticals. In one year, the fund reduced its exposure to corporate debt and increased allocations in government securities. The fund is aggressive ones on mid-cap allocations half of their investments are in mid and small cap stocks.

      16 September 2015

    • Quarterly frequency to be fixed for dividend payment of HDFC Balanced Fund

      HDFC Balanced Fund will soon have a quarterly pay-out frequency for dividend payout under the dividends option for fund. This will be applicable to Dividend options of the direct and regular plans of the HDFC Balanced Fund. The record date for this will be 25th day of the third month of each quarter ending in March, June, September and December, or the immediately following business day in case the 25th day is a holiday.

      HDFC Balanced Fund is an open-ended Balanced scheme that aims to invest an investers money in both debt and equity investments.The idea behind the fund is to balance risk as well as growth by investing in both the stock market and debt instruments. While equity investment adds growth to the portfolio, the debt instrument part lends stability to the fund. HDFC Balanced Fund has been a popular fund in the subsequent category and is a favorite among customers in terms of returns that it offers.

      14 September 2015

    GST rate of 18% applicable for all financial services effective July 1, 2017.

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