HDFC Mutual Fund is a constituted pool of fund that collects the money from several investors to invest in equity or debt markets. When we talk about HDFC Mutual funds, we should first understand how it has been set up? HDFC Mutual Fund has been established as a trust as per the provisions of the Indian Trusts Act, 1882, in accordance with the terms of the trust deed dated June 8, 2000 with Housing Development Finance Corporation Limited(HDFC) and Standard Life Investments Limited as the Sponsors/Settlors and HDFC Trustee Company Limited, as the Trustee. The registeration of the Trust Deed has been done under the Indian Registration Act,1908. SEBI registers the mutual fund under the registeration code MF/044/00/6 on June 30, 2000.
HDFC Asset Management Company Ltd(AMC) was formed under the Companies Act, 1956,on December 10, 1999, and was conformed to act an Asset Management Company for the HDFC Mutual Fund by SEBI vide its letter dated July 3, 2000.
In accordance with the Investment Management Agreement, the Trustee has authorized the HDFC Asset Management Company Limited to administer the Mutual Fund. The Quarterly Average AUM of HDFC Mutual Fund as on 30 Jun 2016 is Rs.1,93,093.15.
|Minimum Investment||Monthly SIP Installment : Rs. 500, Quarterly SIP Installment : Rs. 1500|
|Minimum Application Amount||Monthly frequency : Rs. 500, Quarterly frequency : Rs. 1500|
|Number of Schemes(in broad category)||12|
|Nature of Scheme||Open Ended, Close Ended|
|Quarterly Average Assets Under Management (as on June 2016)||Rs. 149092.70 crore|
|Exit Load||1% payable if Units are redeemed/switched-out within one year from the date of allotment. No Exit Load if Units are redeemed/switched-out after one year from the date of allotment|
|Funds||NAV||1-Year Return||AUM (in Rs. Crores)||Expense Ratio||Entry Load|
|HDFC Balanced Fund -Growth||Rs 125.01||13.45%||7391.44||1.99%||NIL|
|HDFC Balanced Fund -Dividend Quarterly||Rs 28.98||13.45%||7391.44||1.99%||NIL|
|HDFC Top 200 Fund -Growth||Rs 376.28||11.43%||12930.04||2.06%||NIL|
|HDFC Top 200 Fund -Dividend||Rs 51.20||11.43%||12,930.04||2.06%||NIL|
|HDFC Taxsaver Fund -Growth||Rs 429.77||10.73%||5241.93||2.17%||NIL|
|HDFC Taxsaver Fund -Dividend||Rs 61.68||10.73%||5241.93||2.17%||NIL|
|HDFC Short Term Fund -Growth||Rs 31.38||10.11%||3584.32||1.66%||NIL|
|HDFC Short Term Fund -Dividend||Rs 12.14||10.11%||3584.32||1.66%||NIL|
|HDFC Short Term Opportunities Fund -Growth||Rs 17.44||9.03%||7718.62||0.36%||NIL|
|HDFC Short Term Opportunities Fund – Dividend||Rs 11.73||9.03%||7718.62||0.36%||NIL|
Note: Information Sourced as on 21st October 2016
How to Subscribe for MF Schemes of HDFC Mutual Fund?
You have the privilege to purchase your HDFC Mutual fund schemes either through offline or online mode. Let us discuss both ways:
Step 1: Consult our HDFC brokers who will assist you in buying and selling of schemes. They will help you in opening your demat account and will take care of all your transactions on your behalf.
HDFC Mutual Fund has launched HDFCMFOnline, which allows you to transact online on 24 hours a day, 7 days a week, 365 days a year. With the help of HDFCMFOnline you can :
Step 1: Get engaged in purchasing the number of units of any HDFC Mutual Fund scheme
Step 2: Redeem the number of units
Step 3: Switch to other units of HDFC Mutual fund scheme
Step 4: Get yourself registered for Systematic Transactions(SIP / STP / FLEXINDEX / FLEXSTP)
Step 5: View your account details
Step 6: View your portfolio valuation
Step 7: Download your account statements Online!
In order to fulfill the above online formalities, you need to get transacted in :
- An existing folio
- An email Id (which is registered in the folio)
- HPIN (HDFC Personal Identification Number)
Don't lose the track of the stock market? Get it in your own fist. Get your HPIN today and with a click of a few buttons explore the new way of transacting with HDFC Mutual Fund!
By choosing HDFC Online, the more convenient method of transacting online helps you to stay away from paper work transactions which at times prove to be tedious and much time consuming.