HDFC Mutual Fund

HDFC Mutual Fund is India's third-largest mutual fund provider. It is managed by HDFC Asset Management Company Limited (HDFC AMC). It was incorporated in 1999 as a subsidiary of HDFC Bank. It was registered under SEBI to start mutual fund business in 2000. Its fund range covers several categories, including equity, debt, hybrid, index funds, ETFs, fund of funds and solution-oriented schemes.

Data as of 31 August, 2026.

HDFC MF's investment philosophy is built around fundamental research and a medium-to-long-term view. They believe that stock prices tend to reflect the underlying value of a business over time. This makes stock selection and valuation important parts of their investment process.

Its research is mainly bottom-up. This means that the fund managers study individual companies instead of relying only on broad market trends. They look at factors such as growth prospects, financial statements, management quality, and competitive strengths.

For fixed-income schemes, its investment philosophy follows safety, liquidity and returns. They have also set up separate investment leadership for equity and fixed income. It is supported by dedicated fund managers and research teams.

HDFC MF has a broad product range. Its fund universe includes equity, debt, hybrid, index, fund of funds, and solution-oriented schemes. The AMC also offers tax-saving and close-ended schemes.

This range can be useful if you are looking for different ways to invest your money. HDFC MF has actively managed equity funds covering market-cap based categories as well as themes such as manufacturing, defence, tech, and healthcare. If you prefer passive investing, they also offer broad-market index funds and ETFs.

Its debt range is also spread across different maturities and risk profiles, from overnight and liquid funds to corporate bond, credit risk and gilt funds. This means that you can look beyond equity to build a diversified portfolio of funds.

When you invest in a HDFC mutual fund scheme, your money is pooled with that of other investors. It is then invested according to the scheme's objectives. HDFC Asset Management Company Limited manages these investments and makes the day-to-day investment decisions.

Your investments are held separately from the AMC's own assets. A custodian holds the securities, while a trustee oversees the AMC and checks whether the fund is being managed in line with the applicable rules and regulations. The trustee's other responsibilities include checking compliance and protecting the interests of unit holders.

HDFC Mutual Fund is registered with SEBI and is regulated by it. However, being regulated doesn't mean that your mutual fund returns are guaranteed. Since the investment is in market-linked assets, its value may fluctuate depending on the market conditions.

To get a better idea of HDFC MF's track record, let's look at the HDFC mutual fund schemes that beat the average returns of their respective categories over 3 and 5 years.

3-year returns vs category comparison

5-year returns vs category comparison

Note that the funds may or may not perform in the future the way they performed in the past. You must use historical returns to understand a fund's record, but don't treat them as a promise for future returns.

Not all top HDFC mutual funds will necessarily suit your needs. To find the right choice for you, assess a few things, such as:

• Your financial goal: First, know why you are investing. Your choice can be different depending on whether you are planning to buy a dream house, a laptop, or reach FIRE at 50.
• How long you can stay invested: If you have a 2-year goal, it may need a different type of mutual fund compared to a 10-year or 15-year goal. So match the investment with the time horizon.
• How much risk you can take: Each mutual fund scheme has a different risk level. For instance, an equity fund can be more volatile than a debt fund. So knowing your risk level is important before picking a mutual fund to invest in.
• The fund category: Once you know your goal and risk level, you can easily narrow down your search to the category that fits. Then compare different schemes based on their investment approach, portfolio, costs, and past performance to find the best HDFC mutual funds for you.

You can invest in HDFC SIP plans or make a lump-sum investment on Millions in minutes. Download the Millions app from the Google Play Store or iOS App Store, create a free account and complete KYC. Once done, you can follow these simple steps:

• Go to the MF section on the dashboard.
• Enter ‘HDFC funds’ in the search section.
• From the list of funds, select the scheme you want.
• Explore details such as performance, holdings, risk level and fund managers. You can also check the scheme document.
• Once you’re ready, tap ‘One-time’ or ‘SIP’, depending on how you want to invest.
• Enter the amount. For SIP, select the frequency and debit date as well.
• Check all the details and click ‘Invest Now’.
• Authorise the payment using the OTP. That’s it!

The minimum SIP investment in the HDFC MF schemes on the Millions app starts from ₹100. If you prefer a one-time investment, the minimum lump-sum amount also starts from ₹100. So you can start with a small amount and gradually increase as you become more comfortable.

If you are planning to invest regularly towards a goal, the SIP Calculator can help you estimate the future value of your SIP. However, the result is only an estimate. Actual returns can be different. To lower your investment costs and improve gains, you can consider a Direct Plan, which generally has a lower expense ratio than a Regular Plan. Still, compare the scheme, understand its risks, and start an SIP within your financial budget.