HDFC Mutual Fund: Overview Of HDFC Asset Management Company


HDFC Mutual Fund


 

Overview: HDFC Mutual Fund House

HDFC Asset Management Company (AMC) is the manager for the investment schemes of HDFC Mutual Fund. Started in the year 1999, the company was set up as a joint venture between Housing Finance Corporation Limited (HDFC) and Standard Life Investment Limited (SLI). However, in the past few years much has changed.

In the financial year 2018-19, the company carried out its first public offering and following that, became a publicly listed company in August 2018.They have over 70 thousand empanelled distributors which include independent financial advisors, national distributors and banks which serve customers and distribution partners in over 200 cities through our network of 221 branches and 1,194 employees.

HDFC Mutual Fund is the second biggest Asset Management Company in India in 2020. The company has a customer base of 9.4 million live accounts. The company manages assets nearly worth 3 lakh crore, as of 31 May 2020. After the public listing, 20% of the company is owned by the public today. 

Being one of the top players in Equity, HDFC AMC recorded a 16.2% market share in the actively-managed equity oriented schemes in FY 2018-19. Needless to say, millions of investors have invested in multiple investment options offered by the fund for the past two decades.

Type of Funds Offered by HDFC Mutual Fund

Here are the funds offered by HDFC Mutual Fund house

1. Equity Mutual Funds

2. Debt Mutual Funds

3. Hybrid Mutual Funds

4. Solution & Other Funds

Fund Managers for HDFC Mutual Fund

Here’s a list of the top fund managers of HDFC Mutual Fund house:

1. Mr. Prashant Jain

Prashant Jain works at HDFC Mutual Funds as an executive director and CIO (chief investment officer). Today, he is one of the most senior employees of the company where he manages the HDFC Equity Fund – Growth, with a focus on Indian equities. Before joining HDFC Mutual Funds, he worked at Zurich AMC, where he was also chief investment officer.

Education wise, he holds an MBA from the very prestigious Indian Institute of Management (IIM). Overall, he has over 28 years of experience in fund management and research in the Mutual Fund Industry under his belt. Currently, he is managing an AUM of ₹76,334 Cr for 14 schemes.

2. Mr. Chirag Setalvad

Chirag Setalvad is a senior fund manager at HDFC Mutual Fund, where he has been working from March 2007 till date. Based out of Mumbai, he  invests mainly in Indian equities. As the fund manager for HDFC Long Term Advantage fund, he maintains a balanced outlook on the market.

Before HDFC, he worked at New Vernon Advisory Services and started his career at ING Barings in India. Overall, he has over 22 years of experience out of which 18 years is in fund management and research while a little over 3 years in investment banking. Currently, he is managing an AUM of ₹49,872 Cr for 15 schemes.

3. Mr. Vinay R. Kulkarni

Vinay Kulkarni is a senior fund manager at HDFC AMC where he has been working from November 2006 till date. Before this, he has held various positions in Tata Asset Management Limited, Deutsche Asset Management (India) Pvt. Ltd., UTI Asset Management Company (Pvt.) Ltd., Patni Computer Systems Limited.

Education wise, he holds a B.Tech degree from IIT, Mumbai and a PGDM from IIM,Bangalore. Overall he has over 28 years of experience, out of which 26 years in Fund Management and Equity Research while 2 years of it, is in the IT industry. Currently, he is managing an AUM of ₹11,343 Cr for 10 schemes.

4. Mr. Krishan Kumar Daga

Krishna K. Daga is a senior Fund Manager at the HDFC AMC where he joined in September, 2015. Before that he has worked in Reliance AMC, as an equity fund manager and in the Deutsche Bank as the Vice President of Equity research.

Overall, he has over 29 years of experience out of which 12 years is in fund management and 12 years is in equity research in the Mutual Fund Industry. Currently, he is managing an AUM of ₹13,076 Cr for 9 schemes in HDFC Mutual Funds.

5. Mr. Shobhit Mehrotra

Shobhit Mehrotra is a senior member of HDFC mutual fund, where he has worked since February, 2004. He is currently a senior Fund Manager under the Fixed Income department and Head of Credit in HDFC Mutual Fund. Before this he has worked with Templeton Asset Management (India) Pvt Ltd.and ICRA Ltd.

Overall he has over 25 years of experience in Fixed Income markets, Fixed Income dealing, credit rating. Currently, he is managing an AUM of ₹25,730 Cr for 22 schemes in HDFC Mutual Funds.

 6. Mr. Gopal Agrawal

Gopal joined DSP Investment Managers in July 2018 as Head of Macro Strategy & Senior Fund Manager in Equity Investment Team and quit in January, 2020. Before that, he was also the Chief Investment Officer at Tata Mutual Fund and before that he spent a decade at Mirae Asset Mutual Fund as the overall CIO and strategist.

Gopal has over 20 years of experience in the MF industry. He also has extensive experience in sectors like Oil & Gas, Power, Metals, Shipping, Petrochemicals, Capital Goods, Chemicals & Fertilizers and Engineering. Currently, he is managing an AUM of ₹4,826 Cr for 10 schemes in HDFC Mutual Funds.

Documents Required To Invest in HDFC Mutual Fund Online

Investing in HDFC Mutual Funds is a fairly easy process with us. If you are investing for the first time, then you need to get your KYC verification done. “Know Your Customer” or KYC is done by Securities & Exchange Board of India (SEBI). It helps to avoid bank fraud, money laundering and any other malicious activities. 

All you need to do is submit a few personal documents which takes 1-2 minutes. After that, the process for bank verification takes 2-5 working days. Once you are KYC verified, all the transactions become simple and straightforward. Here’s a list of documents you need to complete your KYC verification:

1. Address Proof – Aadhar card, Voter ID, Passport with both sides against a dark background

2. PAN Card – Against a dark background

3. Signature – On a blank white paper.

4. Selfie – An appropriate picture against a white background.

Most Popular HDFC Mutual Fund Schemes

Here’s a list of most popular HDFC mutual fund schemes:

1. HDFC Balanced Advantage Fund

HDFC Balanced Advantage Fund

HDFC Balanced Advantage Fund has 82.57% investment in indian stocks of which 65.32% is in large cap stocks, 8.39% is in mid cap stocks, and 6.66% in small cap stocks. The fund has 15.94% investment in Debt of which, 12.74% in funds invested in very low risk securities..

The fund aims to provide long term capital appreciation or income from a dynamic mix of equity and debt investments.

Fund Manager – Prashant Jain

Asset Size – ₹ 35429.12 Cr

Expense Ratio – 1.62%

Risk – Moderately High

1 Year Return

3 Year Return

5 Year Return

     

-4.68%

0.65%

5.10%

2. HDFC Small Cap Fund

HDFC Small Cap Fund

HDFC Small Cap Fund is a 4 star rated fund that has 91.05% investment in Indian stocks out of which 5.81% is in large cap stocks, 10.56% is in mid cap stocks, and 72.64% in small cap stocks.Fund has 1.33% investment in Debt of which , 1.33% in funds invested in very low risk securities..

This small cap fund is perfect for investors who are looking to invest money for at least 3-4 years while looking for very high returns. The fund aims to provide long-term capital appreciation /income by investing predominantly in small cap companies. 

Fund Manager – Chirag Setalvad

Asset Size – ₹ 7510.7 Cr

Expense Ratio – 1.93%

Risk – Moderately High

1 Year Return

3 Year Return

5 Year Return

     

-6.17%

-2.30%

5.07%

3. HDFC Equity Fund

HDFC Equity Fund

HDFC Equity Fund has 99.58% investment in Indian stocks out of which 82.79% is in large cap stocks, 8.53% is in mid cap stocks, and 3.32% in small cap stocks. It is a great option for investors who are looking to invest money for at least 3-4 years and looking for high returns. At the same time, these investors should also be ready for the possibility of moderate losses in their investments.

The fund aims to generate capital appreciation / income from a portfolio, predominantly invested in equity & equity related instruments. There is no assurance that the investment objective of the scheme will be realized

Fund Manager –  Prashant Jain

Asset Size – ₹ 18495.28 Cr

Expense Ratio – 1.8%

Risk – Moderately High

1 Year Return

3 Year Return

5 Year Return

     

-8.62%

-2.20%

2.95%

4. HDFC Top 100 Fund

HDFC Top 100 Fund

HDFC Top 100 Fund has 99.68% investment in Indian stocks out of which 84.83% is in large cap stocks, and 6.75% is in mid cap stocks.The fund is great for investors who are looking to invest money for at least 3-4 years while looking for high returns. At the same time, these investors should also be ready for the possibility of moderate losses in their investments.

The fund aims to provide a long-term capital appreciation or income by investing predominantly in Large-Cap companies. 

Fund Manager –  Prashant Jain

Asset Size – ₹ 15481.84 Cr

Expense Ratio –  1.88%

Risk – Moderately High

1 Year Return

3 Year Return

5 Year Return

     

-6.58%

-0.92%

3.89%

5. HDFC Midcap Opportunities Fund

HDFC Mid Cap Opportunities Fund

HDFC Midcap Opportunities Fund has 94.04% investment in Indian stocks out of which 4.79% is in large cap stocks, 64.86% is in mid cap stocks, and 20.19% in small cap stocks.This fund has 0.5% investment in Debt of which, 0.5% in funds invested in very low risk securities..

The fund is a good option for investors who are looking to invest money for at least 3-4 years and looking for high returns.The scheme aims to generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of small and mid-cap companies

Fund Manager –  Chirag Setalvad

Asset Size – ₹ 19938.83 Cr

Expense Ratio – 1.92%

Risk – Moderately High

1 Year Return

3 Year Return

5 Year Return

     

3.88%

-1.64%

5.13%

6. HDFC Short Term Debt Fund

HDFC Short Term Debt Fund

HDFC Short Term Debt Fund has 94.69% investment in Debt of which 7.55% in Government securities, and 86.56% in funds invested in very low risk securities. The fund is perfect for investors who want to invest for 1-3 years and are looking for alternatives to bank deposits.

The fund aims to generate income or capital appreciation through investments in Debt and Money Market Instruments.

Fund Manager –  Anil Bamboli

Asset Size – ₹ 11137.66 Cr

Expense Ratio – 0.74%

Risk – Moderately Low

1 Year Return

3 Year Return

5 Year Return

     

11.29%

8.74%

8.69%

7. HDFC Hybrid Equity Fund

HDFC Hybrid Equity Fund

HDFC Hybrid Equity Fund has 71.69% investment in Indian stocks of which 48.07% is in large cap stocks, 6.59% is in mid cap stocks, and 7.59% in small cap stocks. The fund has 25.53% investment in Debt of which 6.53% in Government securities, 17.4% in funds invested in very low risk securities.

The fund aims to generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of mid cap and large cap Blue Chip companies.

Fund Manager –  Chirag Setalvad

Asset Size – ₹ 16509.12 Cr

Expense Ratio – 1.8%

Risk – Moderately High

1 Year Return

3 Year Return

5 Year Return

     

0.06%

-1.25%

2.29%

8. HDFC Liquid Fund

HDFC Liquid Fund

HDFC Liquid Fund has 99.43% investment in Debt of which 47.63% in Government securities, 51.8% in funds invested in very low risk securities..The fund is suitable for investors who want to invest for a very short term and are looking for alternatives to bank accounts/deposits.

The fund aims to generate income through a portfolio comprising money market and debt instruments

Fund Manager –  Anupam Joshi

Asset Size – ₹ 80810.71 Cr

Expense Ratio – 0.3%

Risk – Low

1 Year Return

3 Year Return

5 Year Return

     

5.02%

6.37%

6.76%

 

Written by

Priyanshi Bhardwaj