Best HDFC Mutual Fund Schemes

Fund Name
Ratings
Ratings in Descending
Rating in Ascending
Risk
Risk in Descending
Risk in Ascending
3Y Returns
Three Years Returns in Descending
Three Years Returns in Ascending
AUM
Asset Under Management in Descending
Asset Under Management in Ascending

HDFC Infrastructure Fund

Equity Sectoral / Thematic

0

Very High

36.44%

₹2,310.79 cr.

HDFC Infrastructure Fund IDCW Direct Plan Reinvestment

Equity Sectoral / Thematic

0

Very High

36.42%

₹2,310.79 cr.

HDFC Infrastructure Fund IDCW Direct Plan Reinvestment

Equity Sectoral / Thematic

0

Very High

36.42%

₹2,310.79 cr.

HDFC Focused 30 Fund IDCW Direct Plan Payout

Equity Focused Fund

3.5

Very High

30.16%

₹13,136.59 cr.

HDFC Focused 30 Fund IDCW Direct Plan Reinvestment

Equity Focused Fund

3.5

Very High

30.16%

₹13,136.59 cr.

HDFC Focused 30 Fund

Equity Focused Fund

3.5

Very High

30.16%

₹13,136.59 cr.

HDFC Mid Cap Opportunities Fund

Equity Mid Cap Fund

4

Very High

29.88%

₹70,569.70 cr.

HDFC Mid Cap Opportunities Fund IDCW Direct Plan Payout

Equity Mid Cap Fund

4

Very High

29.84%

₹70,569.70 cr.

HDFC Mid Cap Opportunities Fund IDCW Direct Plan Reinvestment

Equity Mid Cap Fund

4

Very High

29.84%

₹70,569.70 cr.

HDFC Dividend Yield Fund IDCW Direct Plan Payout

Equity Dividend Yield Fund

0

Very High

28.41%

₹5,617.54 cr.

HDFC Dividend Yield Fund IDCW Direct Plan Reinvestment

Equity Dividend Yield Fund

0

Very High

28.41%

₹5,617.54 cr.

HDFC Dividend Yield Fund

Equity Dividend Yield Fund

0

Very High

28.26%

₹5,617.54 cr.

HDFC Flexi Cap Fund IDCW Direct Plan Payout

Equity Flexi Cap Fund

4.5

Very High

27.98%

₹59,123.44 cr.

HDFC Flexi Cap Fund IDCW Direct Plan Reinvestment

Equity Flexi Cap Fund

4.5

Very High

27.98%

₹59,123.44 cr.

HDFC Flexi Cap Fund

Equity Flexi Cap Fund

4.5

Very High

27.95%

₹59,123.44 cr.

HDFC ELSS Tax Saver IDCW Direct Plan Payout

Equity ELSS

0

Very High

27.39%

₹15,674.35 cr.

HDFC ELSS Tax Saver Fund

Equity ELSS

0

Very High

27.38%

₹15,674.35 cr.

HDFC Housing Opportunities Fund IDCW Direct Plan Payout

Equity Sectoral / Thematic

0

Very High

26.56%

₹1,554.35 cr.

HDFC Housing Opportunities Fund IDCW Direct Plan Reinvestment

Equity Sectoral / Thematic

0

Very High

26.56%

₹1,554.35 cr.

HDFC Housing Opportunities Fund

Equity Sectoral / Thematic

0

Very High

26.52%

₹1,554.35 cr.

HDFC Large and Mid Cap Fund

Equity Large & Mid Cap Fund

3

Very High

26.34%

₹21,459.36 cr.

HDFC Large and Mid Cap Fund IDCW Direct Plan Payout

Equity Large & Mid Cap Fund

3

Very High

26.33%

₹21,459.36 cr.

HDFC Large and Mid Cap Fund IDCW Direct Plan Reinvestment

Equity Large & Mid Cap Fund

3

Very High

26.33%

₹21,459.36 cr.

HDFC Small Cap Fund

Equity Small Cap Fund

3

Very High

25.56%

₹31,522.66 cr.

HDFC Small Cap Fund IDCW Direct Plan Payout

Equity Small Cap Fund

3

Very High

25.56%

₹31,522.66 cr.

HDFC Small Cap Fund IDCW Direct Plan Reinvestment

Equity Small Cap Fund

3

Very High

25.56%

₹31,522.66 cr.

HDFC Balanced Advantage Fund

Hybrid Dynamic Asset Allocation or Balanced Advantage

4

Very High

24.99%

₹89,903.19 cr.

HDFC Balanced Advantage Fund IDCW Plan Direct Plan Payout

Hybrid Dynamic Asset Allocation or Balanced Advantage

4

Very High

24.33%

₹89,903.19 cr.

HDFC Balanced Advantage Fund IDCW Plan Direct Plan Reinvestment

Hybrid Dynamic Asset Allocation or Balanced Advantage

4

Very High

24.33%

₹89,903.19 cr.

HDFC Retirement Savings Fund Equity

Solution Oriented Retirement Fund

5

Very High

23.46%

₹5,556.63 cr.

About HDFC Mutual Fund

HDFC Mutual Fund is the asset management arm promoted by the largest private bank in India. It is the largest asset management and actively managed equity mutual fund in India, managing an asset of ₹4.4 trillion as of March 31, 2023.

It started in 1999 as a joint venture between HDFC and ABRDN Investment Management Limited. In 2018, it was listed on the stock exchange.

They are one of the most profitable Indian AMCs, with a track record of more than 28 years. Their key strength lies in offering a comprehensive suite of savings and investment products across asset classes, focusing on generating income and wealth creation for their investors. HDFC Mutual Fund has an active investor base of 10.8 million active accounts and 75 thousand distribution partners, including mutual fund distributors, national distributors, and banks.

Some of the key performance metrics of the HDFC Mutual Fund are stated below:

  • As of Feb 2023, their AUM was ₹4,49,169 crore.
  • In the first quarter ending June 2023, HDFC Asset Management Company (AMC) achieved an Average Assets Under Management (AAUM) of ₹4.86 lakh crore, commanding an 11.3% market share.
  • HDFC AMC reported a 52% Year-over-Year (YoY) surge in profit for Q1 FY 2024, amounting to ₹477.5 crore, accompanied by a YoY revenue growth of 10.1%.
  • As of June 30, 2023, HDFC Mutual Fund offers a diverse portfolio of 86 schemes spanning various categories, comprising 31 equity, 26 debt, and 7 hybrid mutual funds, with a cumulative AUM of ₹5 lakh crore.
  • Specifically, HDFC Equity Mutual Fund offers 31 distinct mutual fund schemes in the equity category, boasting a total AUM of ₹5,30,451 crores as of 1 October 2023.
  • HDFC Mutual Fund boasts an extensive distribution network of 228 branches spanning 200 Indian cities.

It has a 29-member investment team that is highly experienced and competent.

Besides asset management services, HDFC AMC provides portfolio management and segregated account services to HNI individuals.

You can explore the best HDFC Mutual Funds on Angel One’s app and invest directly from the portal/app.

HDFC Mutual Fund Key Information

The following are some of the key information regarding the HDFC Mutual Fund company.

Founding date 1999
AMC Incorporation date December 10, 1999
Headquarters in Mumbai
Name of the sponsors HDFC Ltd.
Abrdn Investment Management Ltd. (AIML) formerly called Standard Life Investment
Trustee organisation HDFC Trustee Company Ltd.
MD and CEO Navneet Munot
CIO Prashant Jain
Compliance Officer Ms Supriya Sapre
Investor Service Officer Sameer Sakseria

HDFC Mutual Fund Managers

PJ

Prashant Jain

Fund Manager since Jan 2002 (22 years)

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Prashant Jain is an IIT graduate with a PGDM from IIM Bangalore and a CFA from AIMR. He started as a fund in-charge in SBI Mutual Funds in 1991 and later became the Chief Investment Officer and Head of Fund Management of Zurich Asset Management Company (India) Private Ltd. He joined HDFC Mutual Fund as the Head of Equities.

GA

Gopal Agrawal

Fund Manager since Apr 2022 (2 years)

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Mr. Agrawal has worked with DSP MF as Head of Macro Strategy & Senior Fund Manager. Before that, he was the Chief Investment Officer at Mirae Asset MF and then Tata Mutual Fund. Gopal has also worked with SBI MF. He is a gold medalist chemical engineer by qualification and did his MBM at VGSOM, IIT Kharagpur.

RJ

Roshi Jain

Fund Manager since Nov 2006 (17 years)

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Ms. Jain has a CFA, ACA and PGDM. Before joining HDFC Asset Management Company Limited, she used to work with Franklin Templeton Investments, Goldman Sachs, London, Goldman Sachs, Singapore, Wipro Ltd. and S. R. Batliboi & Co.

RV

Rakesh Vyas

Fund Manager since Jun 2019 (5 years)

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Mr. Vyas is a Fund Manager and Senior Equity Analyst at HDFC AMC. Previously, he worked with Nomura as a Lead Analyst (Utilities) and at Lehman Brothers. He did his MBA from XLRI Jamshedpur.

CS

Chirag Setalvad

Fund Manager since Feb 2016 (8 years)

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Chirag Setalvad is a Business Administration graduate from the University of North Carolina. He joined HDFC Mutual Fund as a fund manager and left to join New Vernon Advisory Services Pvt Ltd. He came back to HDFC Mutual Fund again as a senior fund manager.

How to Invest in HDFC Mutual Fund via Angel One?

Investing in HDFC Mutual Fund, or any other AMC, for that matter, is easy and hassle-free with your Angel One account. Just take the following steps:

Step 1: Log in to your Angel One account by entering your registered mobile number and validate the OTP. Next, enter the MPIN.

Note: If you do not have an Angel One account, open a Demat account with us in a matter of minutes by completing the KYC procedure.

Step 2:Find the most suited HDFC MF based on your goals and risk profile. You can learn more about each fund on Angel One’s app. Things to consider at this stage are.

  1. Find your desired fund or choose one from those listed by Angel One.
  2. Analyse the fund’s historical performance, sectoral and stock holdings, and tax incidence. Ascertain the estimated earnings on investment using the returns calculator.
  3. Understand the scheme’s level of risk and see if it aligns with your tolerance.
  4. Consider the fund’s ratings assigned by reputed rating agencies. Typically, mutual funds are rated from 1 to 5 based on various parameters like consistency, risk, returns, etc.
  5. Check the fund’s expense ratio to estimate the cost of investing in it.

Step 3: Once you have chosen the fund(s) you want to invest in, log in to the Angel One app, go to the Mutual Funds section and search for the fund on the page. Since this can be a long-term investment, make a careful choice after considering all aspects:

  1. Decide whether you want to make a lumpsum investment or SIP
  2. Next, enter the amount you want to pay and select the preferred payment option. You can choose to pay through UPI or net banking.
  3. In case you choose to invest via SIP, you can create a mandate to automate future payments.

Documents Required To Invest in HDFC Mutual Fund

Investing in HDFC Mutual Funds through Angel One is a breeze, thanks to our streamlined and fully digital KYC process. Whether you’re a first-time investor or a returning one, we make it hassle-free. To get started, you’ll need to provide the following essential documents:

  1. PAN Card Details (Mandatory)
  2. Personal Information (Full Name, Mobile Number, Email Address)
  3. Address Proof – We recommend using your Aadhar Card, including both the front and back sides.
  4. Bank Account Details, along with a cancelled cheque if required.
  5. Nominee details and FATCA Declarations.

Our user-friendly platform simplifies KYC verification, enabling you to access HDFC Mutual Funds swiftly and efficiently. Your financial goals are now easily attainable. Within just 48-72 business hours, your KYC process will be completed, allowing you to embark on your mutual fund journey.

Top 10 HDFC Mutual Funds to Invest

Name of the Fund Sub Category AUM (₹in crore) Minimum Investment(₹) CAGR 3Y (%) CAGR 5Y (%)
HDFC Infrastructure Fund Sectoral Fund – Infrastructure 856.45 100 44.51 16.79
HDFC Small Cap Fund Small Cap Fund 22560.05 100 41.51 21.46
HDFC Mid-Cap Opportunities Fund Mid Cap Fund 47236.03 100 35.38 21.39
HDFC Focused 30 Fund Focused Fund 6166.15 100 34.53 17
HDFC Flexi Cap Fund Flexi Cap Fund 38668.39 100 34.39 17.56
HDFC Large and Mid Cap Fund Large & Mid Cap Fund 11197.53 100 32.95 18.41
HDFC Retirement Savings Fund-Equity Plan Solution Oriented – Retirement Fund 3655.97 100 32.24 20.09
HDFC Housing Opp Fund Thematic Fund 1153.89 100 31.22 14.57
HDFC Balanced Advantage Fund Balanced Advantage Fund 61598.74 100 30.83 16.75
HDFC TaxSaver Fund Equity Linked Savings Scheme (ELSS) 11285.76 500 28.77 14.22

**All data as of October 4, 2023.

Selection Criteria: The funds chosen have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.

HDFC Infrastructure Fund

This fund falls under the category of Sectoral Fund – Infrastructure. It focuses on investments in infrastructure-related assets. The fund manages assets worth ₹856.45 crore and maintains an expense ratio of 1.68%. Over the past 3 years, it has delivered a 44.51% Compound Annual Growth Rate (CAGR). You can start investing in this fund with a minimum amount of ₹100.

HDFC Small Cap Fund

Classified as a Small Cap Fund, this fund primarily invests in small-cap stocks. With assets under management (AUM) of ₹22,560.05 crore and a competitive expense ratio of 0.75%, it has achieved a noteworthy 41.51% CAGR over the last 3 years. The minimum investment amount for this fund is ₹100.

HDFC Mid-Cap Opportunities Fund

As a Mid Cap Fund, it concentrates on mid-cap equities. This fund manages an AUM of ₹47,236.03 crore with an expense ratio of 0.86%. It has delivered a 35.38% CAGR in the past 3 years, offering investors an opportunity to participate in mid-cap growth. The minimum investment requirement is ₹100.

HDFC Focused 30 Fund

This fund operates as a Focused Fund, emphasising a concentrated portfolio. Managing assets worth ₹6,166.15 crore and boasting an expense ratio of 0.54%, it has provided a 34.53% CAGR over 3 years. It allows for focused investments and requires a minimum investment of ₹100.

HDFC Flexi Cap Fund

As a Flexi Cap Fund, it offers flexibility in choosing investment opportunities across different market cap. The fund manages a substantial AUM of ₹38,668.39 crore with an expense ratio of 0.94%. Over the last 3 years, it has delivered a 34.39% CAGR. You can begin investing with a minimum of ₹100.

HDFC Large and Mid Cap Fund

Categorised as a Large & Mid Cap Fund, it combines investments in large and mid-cap stocks. With assets totalling ₹11,197.53 crore and an expense ratio of 0.99%, it has provided a solid 32.95% CAGR in the past 3 years. This fund offers a balanced approach and requires a minimum investment of ₹100.

HDFC Retirement Savings Fund-Equity Plan

This Solution Oriented – Retirement Fund caters to long-term retirement planning. Managing assets worth ₹3,655.97 crore and featuring a low expense ratio of 0.74%, it has generated a 32.24% CAGR in 3 years. It can be considered for retirement planning with a minimum investment of ₹100.

HDFC Housing Opp Fund

As a Thematic Fund, it focuses on thematic investments in the housing sector. The fund manages assets totalling ₹1,153.89 crore and maintains an expense ratio of 1.26%. Over the past 3 years, it has provided a 31.22% CAGR. You can invest in this thematic fund with a minimum amount of ₹100.

HDFC Balanced Advantage Fund

This Balanced Advantage Fund seeks a balanced approach between equity and debt investments. With an AUM of ₹61,598.74 crore and an expense ratio of 0.84%, it has achieved a 30.83% CAGR in the last 3 years. This fund offers a balanced investment strategy with a minimum investment of ₹100.

HDFC TaxSaver Fund

Operating as an Equity Linked Savings Scheme (ELSS), this fund provides tax-saving benefits under Section 80C. It manages assets worth ₹11,285.76 crore with an expense ratio of 1.15%. Over the past 3 years, it has delivered a 28.77% CAGR. To avail of tax benefits, you can invest a minimum of ₹500 in this ELSS fund.

Mutual Funds Calculators

HDFC Mutual Fund FAQs

Should I invest in the HDFC Mutual Fund scheme?

Whether you should invest in HDFC Mutual Fund schemes or not depends on your goals. In addition to assessing their returns over several timelines, evaluate the schemes based on risk, volatility, returns, the fund manager’s experience, and your own return expectations and risk tolerance.

How to start HDFC Mutual Fund SIP online?

There are two ways to do this. For a hassle-free investing experience, you can invest in HDFC Mutual Fund SIP online through the Angel One app or web platform. This will allow you to track all your investments in one place. Alternatively, you can start investing in HDFC MF SIP online through AMC’s official website.

How to redeem HDFC Mutual Fund online?

There are two ways of doing this. You can initiate your redemption request by visiting the Angel One web platform or app. Alternatively, you can also redeem your investments by visiting the AMC website.

How much time does it take to redeem HDFC Mutual Fund?

The proceeds of equity, debt, and conservative hybrid funds are generally transferred to your registered bank account within 2-4 working days of the withdrawal initiation. Redemption of liquid funds takes 1-2 working days.

What are the redemption charges of HDFC Mutual Fund?

The exit load varies depending on the fund of choice, duration of investment, etc. You can check the exit load of each HDFC Mutual Fund online.

How to increase the SIP amount in HDFC Mutual Fund?

You can do this by visiting https://www.angelone.in/mutual-funds or the Angel One App under the Mutual Funds section. Alternatively, you can visit AMC's official website. On the website, you must submit the step-up form at the beginning of the investment period. You can fix the increment amount in absolute and percentage form of the SIP amount.

How can I get the HDFC MF statement?

Go to the Angel One app or website and check in the Mutual Funds section. You may also choose to visit the official website of AMC. On the website, click on “Account Statement Request Now”. Enter your PAN or Folio number, and the statement will be sent to you.

Are HDFC MF schemes tax-free?

Not all schemes are tax-free. As with any other ELSS, the one offered by HDFC Mutual Fund also comes with tax benefits. By investing in HDFC TaxSaver Growth ELSS Fund, you can claim a tax deduction of up to ₹1.5 lakh under Section 80C every financial year.