HDFC Mutual Fund

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.

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

Note: The above data is as of February 2026

HDFC Mid Cap Fund

HDFC Mid Cap Fund is managed by Chirag Setalvad and Dhruv Muchhal and was launched on 25 June 2007, with the S&P BSE 500 as its benchmark. The fund aims to deliver long-term capital appreciation and income by investing mainly in mid-cap companies.

HDFC Focused Fund

HDFC Focused Fund, managed by Amit Ganatra and Dhruv Muchhal since its launch on 17 September 2004, seeks to provide long-term capital appreciation and income by investing in equity and equity-related instruments of up to 30 carefully selected companies. The fund aims for concentrated exposure, though there is no guarantee that its investment objectives will be achieved.

HDFC Flexi Cap Fund

HDFC Flexi Cap Fund is managed by Amit Ganatra and Dhruv Muchhal and was launched on 1 January 1995, with the S&P BSE 500 serving as its benchmark. The scheme seeks to achieve capital appreciation and generate income by primarily investing in a portfolio made up of equity and equity-related instruments.

HDFC Large & Mid Cap Fund

HDFC Large & Mid Cap Fund, managed by Gopal Agrawal and Dhruv Muchhal since its launch on 18 February 1994, aims to deliver long-term capital appreciation and income by investing primarily in a diversified portfolio of equity and equity-related instruments. While the fund focuses on growth, there is no guarantee that its investment objectives will be achieved.

HDFC Small Cap Fund

HDFC Small Cap Fund, managed by Chirag Setalvad and Dhruv Muchhal since its launch on 3 April 2008, seeks to provide long-term capital appreciation and income by primarily investing in small-cap companies. The fund’s objective is focused on growth, but there is no guarantee that it will be fully achieved.

HDFC Balanced Advantage Fund

HDFC Balanced Advantage Fund is managed by Anil Bamboli, Nandita Menezes, Gopal Agrawal, Srinivasan Ramamurthy, Dhruv Muchhal, and Arun Agarwal, and was launched on 1 February 1994 with the S&P BSE 500 as its benchmark. 

The fund aims to generate long-term capital appreciation and income by investing in a dynamic combination of equity and debt instruments. However, there is no guarantee that the scheme will achieve its stated investment objective.

HDFC Large Cap Fund

HDFC Large Cap Fund, managed by Rahul Baijal and Dhruv Muchhal, was launched on 11 October 1996 and tracks the S&P BSE 500 benchmark. Its primary objective is to deliver long-term capital appreciation and income by investing mainly in large-cap companies, though there is no guarantee that this goal will be achieved.

HDFC Money Market Fund

HDFC Money Market Fund, managed by Praveen Jain and Dhruv Muchhal since its launch on 18 November 1999, aims to generate income and capital appreciation by investing in money market instruments. The fund’s objective focuses on short-term growth and stability, but there is no guarantee that it will be fully achieved.

HDFC Corporate Bond Fund

HDFC Corporate Bond Fund, managed by Anupam Joshi and Dhruv Muchhal since its launch on 29 June 2010, seeks to generate income and capital appreciation by primarily investing in corporate bonds rated AA+ and above. While the fund aims for stable returns, there is no guarantee that its investment objective will be fully achieved.

HDFC Liquid Fund

HDFC Liquid Fund, managed by Swapnil Jangam, Dhruv Muchhal, and Rohan Pillai, was launched on 17 October 2000 and follows the S&P BSE 500 benchmark. Its objective is to generate income by investing primarily in money market and debt instruments, though there is no guarantee that this goal will be achieved.