Explain HDFC Mutual Fund & its top-performing Funds in India

Established in the year 1999, HDFC Mutual Fund is one of the largest and the most premier mutual fund companies in India. HDFC Mutual Fund boasts of having an AUM of Rs.3.2 trillion which is the largest managed funds by a mutual fund company in India. HDFC Mutual Fund has been established as a joint venture between the Housing Development Finance Corporation Limited and the Standard Life Investments Limited. The company listed itself on the Indian stock exchange in the financial year 2018-19 by introducing an IPO for 20% of its share capital which is publicly held. HDFC Asset Management Company is tasked with the management of the assets of HDFC Mutual Fund.

HDFC Mutual Fund offers a range of mutual fund schemes in different asset classes allowing you to choose a scheme as per your investment need and risk appetite. The company enjoys a customer base of 9.4 million accounts invested in different mutual fund categories. The top HDFC fund managers ensure that the company’s mutual fund schemes offer the best returns making the schemes popular among investors. Some of the top-performing HDFC mutual funds are listed below:

Top-performing HDFC Mutual Funds

• HDFC Gold Fund

This is a Fund of Fund which invests in HDFC Gold Exchange Traded Fund, another mutual fund scheme offered by HDFC Mutual Fund. Since the valuation of gold is increasing in the current pandemic as it is considered a safe haven for investment, HDFC Gold Fund can be chosen to get attractive returns. The risk profile of the scheme is moderately high and the investment objective is capital appreciation. The returns offered by the scheme are as follows –

Name of the fund	1-year return*	3-year returns*	5-year returns*
HDFC Gold Fund	35.3%	18.1%	13.4%

• HDFC Tax Saver Fund

ELSS schemes are popular among investors because of the distinct tax advantage that they offer. HDFC’s Tax Saver Fund is an ELSS scheme which allows you to save tax on your investments under Section 80C. Moreover, the returns earned are also tax-free up to Rs.1 lakh. HDFC Tax Saver Fund’s benchmark index is Nifty 500 Total Returns Index and the scheme offers good returns over a long term investment horizon. The returns earned by the scheme over time is as follows –

Name of the fund	1-year return*	3-year returns*	5-year returns*
HDFC Tax Saver Fund	-3.19%	-2.21%	5.36%

• HDFC Corporate Bond Fund

A debt oriented mutual fund, HDFC Corporate Bond Fund invests in fixed-income instruments for stable returns in times of market volatility. The top holdings of the scheme include securities issued by the Government of India, bonds of State Bank of India, Rural Electrification Corporation Limited and Housing Development Finance Corporation Limited among others. The returns are as follows –

Name of the fund	1-year return*	3-year returns*	5-year returns*
HDFC Corporate Bond Fund	10.76%	8.79%	9.14%

• HDFC Multi-Asset Fund

This is a hybrid fund that invests in both equity and debt for moderate risks and moderate returns. The fund invests in multiple types of assets which facilitates diversification to bring down the inherent risk of the portfolio. The returns offered by the scheme over the years are as follows –

Name of the fund	1-year return*	3-year returns*	5-year returns*
HDFC Multi Asset Fund	14.6%	6.84%	8.1%

• HDFC Liquid Fund

Liquid funds are ideal for short-term investments as they give better returns than other bank deposits and allow you to redeem your fund instantly. HDFC Liquid Fund has an AUM of Rs.80, 165 crores and follows the CRISIL Liquid benchmark. Managed by the top HDFC fund managers, the returns offered by the scheme are as follows –

Name of the fund	1-year return*	3-year returns*	5-year returns*
HDFC Tax Saver Fund	4.89%	6.38%	6.78%

These are some of the best mutual fund schemes offered by HDFC Mutual Fund. To invest in any of these top performing HDFC mutual fund schemes you can choose www.etmoney.com. ETMONEY is the best personal finance platform which allows you to invest in mutual funds at the click of some buttons. The reason why ETMONEY is called the best personal finance platform is because of the ease of transaction it offers paperless purchases and zero commissions on its sales. So, to invest in mutual funds online, you can choose ETMONEY. HDFC offers a range of mutual funds managed by the top HDFC fund managers. Invest in HDFC’s funds for wealth creation and choose the best personal finance platform of ETMONEY for your transactions for ease and simplicity.

*Returns as on 11th September 2020.