Housing Development Finance Corporation Limited, most commonly known as HDFC, is a leading financial conglomerate in India. Originally a mortgage firm, HDFC was established in the year 1977. Since then, it has become a fully-fledged financial giant consisting of the main subsidiaries, such as HDFC Bank, HDFC Asset Management Company, and HDFC Standard Life Insurance Company Limited. The services offered by the firm range from home loans to mutual fund and insurance products.
HDFC Mutual Funds:
HDFC Mutual Funds, one of the leading asset management companies in India, specifically in mutual funds and SIP. Sponsored by Standard Life Investments Limited, HDFC Mutual Funds was instituted under the aegis of HDFC. HDFC Trustee Company Limited is the trustee of the corporation. The first product was launched in the year 2000 by the company and has full-grown to a large extent, since then to offers mutual funds categorized in 11 different kinds of funds.
One of the largest funds managers of India, HDFC Mutual Funds, in its recent move, has acquired Morgan Stanley’s business, while they were exiting the country. HDFC has bought Morgan Stanley’s eight schemes worth Rs. 3, 290 Crore altogether. This step has set HDFC Mutual Fund ahead of all its entrants in the market of mutual funds.
Types of HDFC Mutual Funds:
A wide array of mutual funds is offered by HDFC Mutual Fund products for its customers, fans, patrons and investors. They vary from Fund of Funds (FOFs) schemes to liquid funds to regular debt and equity funds, amongst a wide range of other mutual fund products.
Equity or Growth Fund:
The growth funds by HDFC Mutual Funds are intended to make investments primarily in equity based market. Managing such funds could be passive or active (index funds). Different fund selections offered in the scheme are intended to suit short-term or long-term investment requirements of the consumers.
Debt or Income Fund:
HDFC debt fund or income fund is an innovative scheme that aims at investing in instruments like long-term or short-term bonds, debts, money markets etc. The intent of such investments is to create an income for the one who is investing his money and this is exactly what almost all the plans provided by HDFC Mutual Funds do.
Liquid Funds make investments in securities. These investments come with a maturity period of 91 days. And this makes them a brilliant investment option with lowest possible risk for the investors. They even have a propensity to be a better choice for liquidity. Liquid funds offered by HDFC MF come without exit loads making it a brilliant choice, even for the first-time investors.
Children’s Gift Funds:
HDFC MF’s Children’s Gift Fund is another brilliant scheme, which has been carefully designed and thoughtfully conceptualized to offer an opportunity to the investors to grow their capital in fairly longer period of time. This means that investment made in HDFC Children’s Gift Funds can further be put to use to for the requirements and needs of children as they grow older.
Exchange Traded Funds:
The Exchange Traded Funds, abbreviated as ETFs by HDFC Mutual Funds is the kind of scheme where funds are traded in the stock markets. They provide an option with higher liquidity and are pocket-friendly with lesser fees as against mutual fund products. These funds are invested in the form of gold, which can be highly risky.
Quarterly Interval Funds:
Quarterly Interval Funds are the mutual funds allow investors to make investments in both close-ended and open-ended schemes. You can sell them or redeem them at predetermined time. Here, the investment is usually made in government securities and bonds, and even in debt markets.
Annual Interval Fund – Series 1:
HDFC MF’s Annual Interval Funds are quite similar to the Quarterly Interval Funds. These mutual funds invest in government securities and money markets. They also come up with predefined intervals for redeeming or selling and are investments with low risk.
Rajiv Gandhi Equity Savings Scheme:
The Rajiv Gandhi Equity Savings Scheme (RGESS) by HDFCMF is one of the most innovative products offered by HDFC MF. This is an equity investment scheme that provides tax benefits to the investors. It intends to persuade small investors to invest their money in the relatively lucrative capital markets.
Fixed Maturity Plan:
HDFC MF’s Fixed Maturity Plans are the mutual funds where an investment is made in debt markets and government securities. These mutual funds involve low risk for the investors and could be close-ended schemes.
Fund of Fund Schemes:
The Fund of Fund Scheme invests in other mutual funds. This brilliant scheme provided by the HDFC Mutual Funds is more likely to be an open-ended scheme and comes with a comparatively higher risk. However, the returns offered by this scheme are also higher as compared to other mutual fund schemes.
HDFC Capital Protection Oriented Schemes
HDFC Capital Protection Oriented Schemes is aimed at creating a regular stream of income for the investors by making investments in debt markets. This scheme invests in instruments that come with a fixed maturity date and provide investors with low risk.
Why choose HDFC Mutual Fund?
HDFC Mutual Fund (HDFC MF) has a wide variety of products to ensure something for every sort of investor. HDFC prides itself of tendering the investor with an opportunity to invest beneficially. Here are some other features that will make it clear why you must invest in HDFC mutual funds:
- A lot of products that the company offers have a CRISIL rating of 3 or above.
- The investors are offered with a wide range of mutual fund schemes to invest in.
- Innumerable tax benefits are available on offer for investors investing in HDFC mutual funds.
- Investors have access to all sorts of funds ranging from short-term funds to long-term funds. Also, investors have easy access to take their pick from open-ended and close-ended funds.
- The firm has something or the other to suit investor’s risk appetite of every sort of investor. HDFC Mutual funds offers a wide range of products with low, moderate, and high risk.
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