HDFC Mutual Fund

AUM ₹ 6,21,043.6 Cr

(As on Apr 2024)

No. of schemes 90

Name	HDFC Asset Management Company Limited
AUM	₹ 6,21,043.6 Crores
Founded	10 December 1999
Incorporation Date	3 July 2000
Sponsor	Housing Development Finance Corporation Limited Standard Life Investments
CIO	Mr. Prashant Jain
MD & CEO	Mr. Milind Bharve
Contact Number	1800 3010 6767/ 1800 419 7676 (Toll-free)
Email Id	cliser@hdfcfund.com
Website	www.hdfcfund.com
Trustee	HDFC Trustee Company Limited
Office Address	“HDFC House”, 2nd Floor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai- 400020

HDFC Asset Management Company Ltd., or HDFC Mutual Fund, is currently the largest mutual fund and actively managed equity mutual fund in India. It is one of the most profitable asset management companies (AMC) in the country. The company manages assets worth Rs. 4.8L Cr crores as of Mar 31 2023.

In the last 5 years, the CAGR of:

Revenue from operators was 17.41%.
Operating profit was 20.08%.
Profit before tax was 21.35%.
Profit after tax was 21.07%.
Assets under management (AuM) was 25.86%.
Active equity AuM was 32.27%.

The company serviced more than 75000 empanelled distribution partners through 210 branches spread across more than 200 cities in India.

HDFC Asset Management Company Ltd. received approval to act as an AMC from SEBI back on 30 June 2000 under the registration number MF/044/00/6. It also offers portfolio management/non-binding investment advisory services since 18 September 2016 under the registration code PM /INP000000506 from SEBI.

Funds	Rating	1 Yr Ret (%)	1 Yr Rank	Riskometer	Category	Expense Ratio (%)	Launch	Net Assets (Cr)
HDFC Arbitrage Fund - Direct Plan	--	8.62	--	Low	HY-AR	0.35	01/01/2013	11,804
HDFC Arbitrage Fund - Wholesale - Direct Plan	2	8.61	11/25	Low	HY-AR	0.41	07/04/2014	11,804
HDFC Asset Allocator FoF - Direct Plan	4	24.62	14/27	High	HY-MAA	0.11	05/05/2021	3,076
HDFC Balanced Advantage Fund - Direct Plan	5	37.98	2/32	Very High	HY-DAA	0.73	01/01/2013	83,549
HDFC Banking and PSU Debt Fund - Direct Plan	4	7.03	5/21	Moderate	DT-BK & PSU	0.39	26/03/2014	6,205
HDFC Banking & Financial Services Fund - Direct Plan	--	21.90	8/19	Very High	EQ-BANK	0.55	30/06/2021	3,370
HDFC BSE 500 ETF	--	33.29	29/77	Very High	EQ-FLX	0.30	15/02/2023	8.00
HDFC BSE 500 Index Fund - Direct Plan	--	32.60	42/75	Very High	EQ-FLX	0.30	21/04/2023	69.00
HDFC BSE Sensex ETF	--	19.95	133/148	Very High	EQ-LC	0.05	09/12/2015	507.00
HDFC Business Cycle Fund - Direct Plan	--	26.95	45/49	Very High	EQ-THEMATIC	0.71	30/11/2022	2,971
HDFC Capital Builder Value Fund - Direct Plan	2	40.32	15/24	Very High	EQ-VAL	0.99	01/01/2013	6,763
HDFC Charity Fund For Cancer Cure - Direct Plan	--	--	--	Low to Moderate	DT-FMP	0.04	14/08/2023	195.00
HDFC Children's Gift Fund - Direct Plan	5	25.21	29/44	Very High	HY-AH	0.97	01/01/2013	8,865
HDFC Corporate Bond Fund - Direct Plan	4	7.39	3/22	Moderate	DT-CB	0.35	01/01/2013	28,968
HDFC Credit Risk Debt Fund - Direct Plan	2	7.38	9/14	Moderately High	DT-CR	0.96	25/03/2014	8,092
HDFC Defence Fund - Direct Plan	--	96.03	1/49	Very High	EQ-THEMATIC	0.78	02/06/2023	2,696
HDFC Developed World Indexes FoF - Direct Plan	--	23.61	22/58	Very High	EQ-INTL	0.29	06/10/2021	1,210
HDFC Dividend Yield Fund - Direct Plan	--	42.08	6/9	Very High	EQ-DIV Y	0.55	18/12/2020	4,959
HDFC Dynamic Debt Fund - Direct Plan	4	7.62	9/25	Moderate	DT-DB	0.73	01/01/2013	678.00
HDFC Dynamic PE Ratio FoF - Direct Plan	5	22.55	17/32	High	HY-DAA	0.26	01/01/2013	45.00
HDFC ELSS Tax Saver Fund - Direct Plan	4	44.54	6/37	Very High	EQ-ELSS	1.13	01/01/2013	14,475
HDFC Equity Savings Fund - Direct Plan	3	17.54	7/22	Moderately High	HY-EQ S	1.00	01/01/2013	4,180
HDFC Flexi Cap Fund - Direct Plan	4	41.27	14/75	Very High	EQ-FLX	0.80	01/01/2013	52,874
HDFC Floating Rate Debt Fund - Direct Plan	4	8.08	6/13	Moderate	DT-Floater	0.26	01/01/2013	14,483
HDFC FMP 1158D July 2022 - Direct Plan	--	6.96	16/78	Low to Moderate	DT-FMP	0.13	26/07/2022	154.00
HDFC FMP 1162D March 2022 - Direct Plan	--	7.05	5/78	Low to Moderate	DT-FMP	0.10	15/03/2022	31.00
HDFC FMP 1204D December 2022 - Direct Plan	--	6.61	73/78	Low to Moderate	DT-FMP	0.15	27/12/2022	49.00
HDFC FMP 1269D March 2023 - Direct Plan	--	6.77	49/78	Low to Moderate	DT-FMP	0.15	21/03/2023	73.00
HDFC FMP 1359D September 2022 - Direct Plan	--	6.72	57/78	Low to Moderate	DT-FMP	0.14	11/10/2022	301.00
HDFC FMP 1406D August 2022 - Direct Plan	--	6.92	19/78	Low to Moderate	DT-FMP	0.11	25/08/2022	234.00
HDFC FMP 1861D March 2022 - Direct Plan	--	6.92	20/78	Low to Moderate	DT-FMP	0.09	09/03/2022	429.00
HDFC FMP 1876D March 2022 - Direct Plan	--	6.91	21/78	Low to Moderate	DT-FMP	0.10	29/03/2022	30.00
HDFC FMP 2638D February 2023 - Direct Plan	--	6.33	78/78	Moderate	DT-FMP	0.15	23/02/2023	142.00
HDFC Focused 30 Fund - Direct Plan	4	41.62	13/75	Very High	EQ-FLX	0.49	01/01/2013	11,247
HDFC Gilt Fund - Direct Plan	2	7.13	16/23	Moderate	DT-GL	0.46	01/01/2013	2,366
HDFC Gold Exchange Traded Fund	--	19.62	13/26	High	Gold-Funds	0.59	13/08/2010	4,845
HDFC Gold Fund - Direct Plan	4	19.33	12/13	High	Gold-Funds	0.18	01/01/2013	2,007
HDFC Housing Opportunities Fund - Direct Plan	--	53.94	14/49	Very High	EQ-THEMATIC	1.22	06/12/2017	1,431
HDFC Hybrid Debt Fund - Direct Plan	4	15.05	8/31	Moderately High	HY-CH	1.25	01/01/2013	3,140
HDFC Hybrid Equity Fund - Direct Plan	3	19.92	40/44	Very High	HY-AH	1.02	01/01/2013	23,113
HDFC Income Fund - Direct Plan	3	6.63	7/13	Moderate	DT-M to LD	0.80	01/01/2013	777.00
HDFC Index Fund - BSE Sensex Plan - Direct Plan	2	19.69	90/93	Very High	EQ-LC	0.20	01/01/2013	6,802
HDFC Index Fund Nifty 50 Plan - Direct Plan	2	22.79	75/93	Very High	EQ-LC	0.20	01/01/2013	13,788
HDFC Infrastructure Fund - Direct Plan	1	69.76	7/19	Very High	EQ-INFRA	1.23	01/01/2013	1,894
HDFC Large and Mid Cap Fund - Direct Plan	4	44.74	7/27	Very High	EQ-L&MC	0.83	01/01/2013	18,692
HDFC Liquid Fund - Direct Plan	3	7.30	27/35	Low to Moderate	DT-LIQ	0.20	01/01/2013	59,799
HDFC Long Duration Debt Fund - Direct Plan	--	7.49	4/7	Moderate	DT-LONG D	0.25	20/01/2023	2,632
HDFC Low Duration Fund - Direct Plan	3	7.70	2/20	Low to Moderate	DT-LD	0.45	01/01/2013	16,714
HDFC Manufacturing Fund - Direct Plan	--	--	--	Very High	EQ-THEMATIC	--	15/05/2024	--
HDFC Medium Term Debt Fund - Direct Plan	3	7.09	6/16	Moderate	DT-MD	0.59	01/01/2013	4,188
HDFC Mid-Cap Opportunities Fund - Direct Plan	4	50.58	18/39	Very High	EQ-MC	0.77	01/01/2013	63,413
HDFC MNC Fund - Direct Plan	--	28.32	4/5	Very High	EQ-MNC	1.23	09/03/2023	572.00
HDFC Money Market Fund - Direct Plan	4	7.55	6/22	Moderate	DT-MM	0.23	01/01/2013	21,261
HDFC Multi Asset Fund - Direct Plan	3	22.42	18/27	High	HY-MAA	0.83	01/01/2013	2,799
HDFC Multi Cap Fund - Direct Plan	--	43.76	8/19	Very High	EQ-MLC	0.55	07/12/2021	13,425
HDFC NIFTY 100 Equal Weight Index Fund - Direct Plan	--	44.08	24/93	Very High	EQ-LC	0.40	23/02/2022	151.00
HDFC NIFTY 100 ETF	--	28.18	76/148	Very High	EQ-LC	0.30	05/08/2022	11.00
HDFC Nifty 100 Index Fund - Direct Plan	--	28.04	58/93	Very High	EQ-LC	0.30	23/02/2022	163.00
HDFC NIFTY100 Low Volatility 30 ETF	--	32.39	58/148	Very High	EQ-LC	0.30	11/10/2022	8.00
HDFC NIFTY100 Quality 30 ETF	--	31.07	44/61	Very High	EQ-THEMATIC	0.30	23/09/2022	12.00
HDFC NIFTY 1D RATE LIQUID ETF	--	--	--	Low	DT-LIQ	0.50	24/08/2023	45.00
HDFC NIFTY200 Momentum 30 ETF	--	62.28	7/148	Very High	EQ-LC	0.30	11/10/2022	28.00
HDFC NIFTY200 Momentum 30 Index Fund - Direct Plan	--	--	--	Very High	EQ-LC	0.40	28/02/2024	488.00
HDFC NIFTY50 Equal Weight Index Fund - Direct Plan	--	33.28	39/93	Very High	EQ-LC	0.40	18/08/2021	1,118
HDFC Nifty 50 ETF	--	23.03	102/148	Very High	EQ-LC	0.05	09/12/2015	3,289
HDFC NIFTY50 Value 20 ETF	--	30.05	26/29	Very High	EQ-VAL	0.15	23/09/2022	28.00
HDFC NIFTY Bank ETF	--	11.90	28/37	Very High	EQ-BANK	0.16	21/08/2020	2,440
HDFC NIFTY Growth Sectors 15 ETF	--	17.66	59/61	Very High	EQ-THEMATIC	0.30	23/09/2022	9.00
HDFC NIFTY G-Sec Apr 2029 Index Fund - Direct Plan	--	6.54	68/87	Moderate	DT-TM	0.20	10/03/2023	156.00
HDFC Nifty G-sec Dec 2026 Index - Direct Plan	--	6.50	76/87	Low to Moderate	DT-TM	0.20	10/11/2022	1,205
HDFC Nifty G-Sec July 2031 Index - Direct Plan	--	6.53	73/87	Moderate	DT-TM	0.20	10/11/2022	620.00
HDFC Nifty G-Sec Jun 2027 Index - Direct Plan	--	6.49	78/87	Low to Moderate	DT-TM	0.20	09/12/2022	741.00
HDFC NIFTY G-Sec Jun 2036 Index Fund - Direct Plan	--	7.09	1/87	Moderate	DT-TM	0.20	15/03/2023	721.00
HDFC Nifty G-Sec Sep 2032 Index - Direct Plan	--	6.65	45/87	Moderate	DT-TM	0.20	09/12/2022	563.00
HDFC NIFTY IT ETF	--	15.44	13/15	Very High	EQ-IT	0.20	16/11/2022	49.00
HDFC NIFTY Midcap 150 ETF	--	51.15	14/45	Very High	EQ-MC	0.35	15/02/2023	24.00
HDFC NIFTY Midcap 150 Index Fund - Direct Plan	--	50.25	19/39	Very High	EQ-MC	0.30	21/04/2023	130.00
HDFC NIFTY NEXT 50 ETF	--	58.21	18/148	Very High	EQ-LC	0.15	05/08/2022	21.00
HDFC NIFTY Next 50 Index Fund - Direct Plan	--	57.68	17/93	Very High	EQ-LC	0.30	03/11/2021	605.00
HDFC NIFTY Private Bank ETF	--	9.20	35/37	Very High	EQ-BANK	0.15	16/11/2022	322.00
HDFC Nifty PSU Bank ETF	--	--	--	Very High	EQ-BANK	0.35	25/01/2024	16.00
HDFC NIFTY Realty Index Fund - Direct Plan	--	--	--	Very High	EQ-THEMATIC	0.40	26/03/2024	78.00
HDFC Nifty SDL Oct 2026 Index Fund - Direct Plan	--	6.75	22/87	Low to Moderate	DT-TM	0.20	24/02/2023	188.00
HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund - Direct Plan	--	6.65	42/87	Low to Moderate	DT-TM	0.20	23/03/2023	46.00
HDFC NIFTY Smallcap 250 ETF	--	51.79	8/34	Very High	EQ-SC	0.20	15/02/2023	253.00
HDFC NIFTY Smallcap 250 Index Fund - Direct Plan	--	50.93	14/33	Very High	EQ-SC	0.30	21/04/2023	165.00
HDFC Non-Cyclical Consumer Fund - Direct Plan	--	--	--	Very High	EQ-Consumption	1.17	12/07/2023	662.00
HDFC Overnight Fund - Direct Plan	2	6.76	26/32	Low	DT-OVERNHT	0.10	01/01/2013	9,629
HDFC Pharma And Healthcare Fund - Direct Plan	--	--	--	Very High	EQ-Pharma	1.06	04/10/2023	831.00
HDFC Retirement Savings Fund Equity Plan - Direct Plan	5	35.34	28/75	Very High	EQ-FLX	0.67	25/02/2016	5,044
HDFC Retirement Savings Fund - Hybrid Debt Plan - Direct Plan	4	12.25	19/31	Moderately High	HY-CH	0.95	26/02/2016	157.00
HDFC Retirement Savings Fund - Hybrid Equity Plan - Direct Plan	4	26.22	25/44	Very High	HY-AH	0.93	25/02/2016	1,394
HDFC Short Term Debt Fund - Direct Plan	4	7.35	4/25	Moderate	DT-SD	0.40	01/01/2013	12,948
HDFC Silver ETF	--	22.11	11/15	Very High	Silver-Funds	0.40	02/09/2022	159.00
HDFC Silver ETF FoF - Direct Plan	--	22.91	3/7	Very High	Silver-Funds	0.27	28/10/2022	73.00
HDFC Small Cap Fund - Direct Plan	2	36.27	29/33	Very High	EQ-SC	0.67	01/01/2013	29,685
HDFC Technology Fund - Direct Plan	--	--	--	Very High	EQ-IT	1.01	08/09/2023	969.00
HDFC Top 100 Fund - Direct Plan	4	32.58	44/93	Very High	EQ-LC	1.04	01/01/2013	33,170
HDFC Transportation and Logistics Fund - Direct Plan	--	--	--	Very High	EQ-THEMATIC	1.05	17/08/2023	919.00
HDFC Ultra Short Term Fund - Direct Plan	3	7.45	12/24	Moderate	DT-USD	0.36	25/09/2018	13,816

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Key Information

Mutual Fund Name	HDFC Mutual Fund
Inception Date	Dec 10, 1999
Trustee Organisation	HDFC Trustee Company Ltd
MD and CEO	Navneet Munot
Investors Relations Officer	Yezdi Khariwala
AUM Updated On	Dec 31, 2023

Documents required to invest

The documents for KYC (Know Your Client) include proof of address and proof of identity. Here is a list of officially valid documents (OVD) admissible.

PROOF OF IDENTITY

PAN Card (Mandatory)
Voter ID Card
Driving License
Passport
Aadhaar Card
Any other valid identity card issued by Central or State Government

PROOF OF ADDRESS

Voter ID Card
Driving License
Passport
Ration Card
Aadhaar Card
Bank account statement or bank passbook
Utility bills like electricity or gas bills

Customer Care Details

For any query regarding any schemes offered by HDFC Mutual Fund, please contact at the following address:

Registered Address	“HDFC House”, 2nd Floor, H. T. Parekh Marg, 165-166, Backbay, Reclamation, Churchgate, Mumbai – 400020. Branch Timing (9 am – 6 pm)
Email	N.A.

Top Fund Managers

1. Mr. Chirag Setalvad

Chirag Setalvad has a B.Sc degree in Business Administration from the University of North Carolina.

Not only fund management but he also has extensive experience in investment banking and equity research. He joined HDFC Asset Management Company Ltd. as a Fund Manager in 2000. In 2004, he left the company to become the Vice President at New Vernon Advisory Services Pvt. Ltd. Mr. Setalvad came back to HDFC Mutual Fund in 2007 as the Senior Fund Manager of Equities.

Chirag Setalvad currently manages Rs. 57,928 Crore in 15 schemes like – Small Cap Fund, Retirement Savings Fund, Multi Asset Fund, Mid-Cap Opportunities Fund, Long Term Advantage Fund, Hybrid Equity Fund, Children’s Gift Fund, etc.

2. Mr. Prashant Jain

Prashant Jain owns a B.Tech degree from the Indian Institute of Technology, Kanpur and a PGDM degree from the Indian Institute of Management, Bangalore. He is also a Chartered Financial Analyst (CFA) from AIMR.

He started his career as a Fund In-Charge at SBI Mutual Fund in 1991. After this, he moved to Zurich Asset Management Company (India) Private Ltd. to become the Chief Investment Officer, Head of Funds Management, and Fund Manager in 1993.

Mr. Jain joined HDFC Asset Management Company Ltd. as the Head of Equities in 2003. He became the Chief Investment Officer, Executive Director, and Fund Manager in 2004.

As of 2019, Prashant Jain is the only Fund Manager in India to have managed a fund (HDFC Balanced Advantage Fund) for 25 years. The HDFC Balanced Advantage Fund is the largest equity fund in India with an AuM of R. 37,395 crore. As per Morningstar Direct, it has generated an alpha of 9.5% over the Sensex since 1994.

He currently manages an AuM of Rs. 90,640 Crore invested in around 17 HDFC Mutual Funds.

3. Mr. Vinay R. Kulkarni

Vinay R. Kulkarni is a B.Tech from Indian Institute of Technology, Bombay and PGDM from Indian Institute of Management, Bangalore.

He initially began his career as a Software Engineer in Patni Computer Systems Ltd. in 1988. Mr. Kulkarni became a Fund Manager at UTI Asset Management Company Private Ltd. in 1992. Later, he joined Deutsche Asset Management (India) Pvt. Ltd. in 2005 as a Senior Fund Manager. A year later, he moved to Tata Asset Management Ltd. also as a Senior Fund Manager. He joined HDFC in the same year (2006) as the Senior Fund Manager of Equities.

Vinay R. Kulkarni manages an AuM of Rs. 14,950 Crore in 10 HDFC Mutual Funds including Equity Savings Direct Plan, Taxsaver Direct Plan, Focused 30 Fund, Growth Opportunities Fund, etc.

4. Mr. Shobhit Mehrotra

Shobhit Mehrotra holds a B.Tech, MS, and MBA degree from the Clemson University. His primary areas of expertise include credit ratings and fixed income markets.

Mr. Mehrotra was initially the Business Investment Analyst at ICRA Ltd. back in 1992. In 1997, he became the Assistant Vice President and Portfolio Manager of Fixed Income at Templeton Asset Management (India) Pvt. Ltd. He joined HDFC Asset Management Company Ltd. in 2004 as the Head of Credit and Senior Fund Manager of Fixed Income.

Shobhit Mehrotra manages an AuM of Rs. 36,709 Crore invested in 22 HDFC schemes like Retirement Savings Fund, Medium Term Debt Fund, Credit Risk Debt Fund, Floating Rate Debt Fund, Income Direct Plan, Medium Term Debt Fund, etc.

5. Mr. Anupam Joshi

Anupam Joshi has a PGDBM degree from the Chetana’s Institute of Management & Research.

He joined as the Fixed Income Dealer at Asit C. Mehta Investment Intermediates Ltd. back in 2001. Mr. Joshi joined ICAP India Pvt. Ltd. as a Dealer in 2003. He became the Assistant Manager of Fixed Income at Principal PNB Asset Management Company in 2005, where is also played the role of Portfolio Manager. In 2008, he joined IDFC Asset Management Company Private Limited as the Associate Director of Investments, Director of Fund Management, and Fund Manager.

Anupam Joshi is currently the Portfolio Manager and Fund Manager of Fixed Income at HDFC Mutual Fund since 2015. He manages an AuM of Rs. 1.23 Lakh Crore in 11 schemes like Corporate Bond, Low Duration Fund, Liquid Direct Plan, etc.

6. Mr. Anil Bamboli

Anil Bamboli is a Chartered Financial Analyst (CFA) and also holds a B.Com and MMS in Finance degree.

He joined SBI Funds Management Pvt. Ltd. as an Assistant Vice President in 1994. Mr. Bamboli joined HDFC Asset Management Company Ltd. as a Senior Fund Manager in 2003. He manages AuM of Rs. 44,541 Crore in 22 schemes like Banking and PSU Debt Fund, Short Term Debt Fund, Gilt Fund, Money Market Fund, Overnight Fund, Dynamic Debt Fund, Equity Savings, Dynamic PE Ratio Fund of Funds, Multi Asset Fund, etc.