Contents
- Overview
- Types of HDFC mutual fund
- Equity or Growth HDFC Mutual Fund
- Debt or Income Fund HDFC Mutual Fund
- Liquid HDFC Mutual Fund
- Children’s Gift Funds
- Exchange Traded Funds
- Quarterly Interval Funds
- Annual Interval Fund-series 1
- Rajiv Gandhi Equity Savings Scheme
- Fixed Maturity Plan
- Fund of Fund schemes
- HDFC capital protection oriented schemes
- Advantages of HDFC mutual fund schemes.
- Some FAQs related to HDFC mutual fund
Overview
Housing Development Financial Corporation, also known as HDFC is one of the best financial institutions in India. Established in the year 1977, it has become a financial giant, consisting of many subsidiaries including HDFC Bank, HDFC Asset Management company & HDFC Standard Life Insurance Company Limited. It offers various products that range from Insurance policies to mutual funds. HDFC mutual fund provides multiple options to the investors wanting to invest in mutual funds.
Types of HDFC mutual fund
Equity or Growth HDFC Mutual Fund
As the name suggests, the primary investments are in equity and equity-related instruments. Depending on the requirements of the customer, the scheme could be short-term or long-term. And the management could be active or passive.
Debt or Income Fund HDFC Mutual Fund
The majority of the funds are in debt schemes and money markets i.e. short-term or long-term bonds. The main aim of this scheme is to generate regular monthly income for the investor, which is the aim of every other mutual fund schemes as well.
Liquid HDFC Mutual Fund
Money invested in liquid funds is for a duration of 91 days, which makes them one of the best investment options with minimum risk and good returns. The main aim is to provide liquidity to the investors and there are no exit loads, which makes it all the more attractive to the first time investors.
Children’s Gift Funds
Being one of the highest rated schemes, the main aim is to create funds that will benefit your child in their future propositions. This means that the scheme is for the long-term so that parents can start early and save for the better future of their child.
Exchange Traded Funds
In this case, the investments are in and traded in the stock markets. These are better than mutual funds as they are highly liquid in nature and pocket-friendly in nature. Though in some cases, investments are in gold which can be very risky in nature.
Quarterly Interval Funds
In this scheme, the investments are in government securities, debt markets, and bonds. You can invest in both open-ended or close-ended scheme according to your needs. There is an option to sell them or redeem them at a predetermined time.
Annual Interval Fund-series 1
The workings of this scheme are just like quarterly interval funds. You invest money in government securities and money markets. The date of redemption or selling is predetermined as well and the investments are made with low risk.
Rajiv Gandhi Equity Savings Scheme
As the name suggests, the primary investments are in equity scheme which also provides tax benefits. This scheme is made for people with low income so that they can invest in lucrative capital markets and earn good money.
Fixed Maturity Plan
Fixed Maturity Plan invests money in government securities and debt markets. The investments made are at low risk and there is an option to choose a close ended scheme.
Fund of Fund schemes
It, being a risky scheme also provides higher returns as compared to other mutual fund schemes as the investments are in other mutual funds.
HDFC capital protection oriented schemes
Majority of investments are in debt oriented schemes and the main aim of the scheme is to generate a regular stream of income to the investors. So, investments are in low-risk instruments.
Advantages of HDFC mutual fund schemes.
- Almost all the products offered have a CRISIL rating of 3 or above.
- There are multiple tax benefits of investing in HDFC mutual fund schemes.
- A person can choose from a wide range of products.
- Furthermore, the investor can accomplish their appetite by investing in low, high or medium risk schemes.
- Investors can invest in either short-term or long-term.
- You can choose between open-ended and close-ended schemes.
- Q- Who can invest in HDFC mutual fund?
- A- Anyone can invest in HDFC mutual fund. If you’re living in India or outside, or if you ‘re a government employee or a private, or if you’re more than 60 years old or less than 20. Though some schemes are riskier than the other, so it is advised to consult your financial advisor to invest money in schemes according to your needs.
- Q- How much money is required to invest in HDFC mutual fund?
- A- The lowest investment is as low as Rs.500. So, we advise you to set your financial goals. When would you need a car, buy a home, provide a huge amount of money to educate your child, etc? And then invest accordingly.
- Q- How can I get in touch with HDFC Mutual fund Company?
- A- You can directly call them on a toll-free numbers 1800-3010-6767 and 1800-419-6767. If you’re residing outside India, then you can call them at (+91) 44-33462406. You can call between 8 am to 8 pm on weekdays (Mon-Fri) and 8 am to 1 pm on Saturdays.
If you freshly entered the world of Mutual Funds Investments, it is advisable to take the advice of professionals with a solid experience. It is advisable to take the assistance of WealthBucket in the initial steps of your journey to wealth creation.
We have a wide variety of services on offers related to Mutual Funds. These are Liquid mutual fund, Large Cap mutual fund, Income mutual funds, or Multi-Cap mutual fund, to name just a few.
Call us at +91 9999379929. You can also email your queries at contact@wealthbucket.in.
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