Top HDFC Mutual Funds in India Based on 3Y CAGR
HDFC Mutual Fund is a prominent player in the Indian financial landscape. Established in 2000, it is a subsidiary of HDFC Ltd., one of India’s leading financial institutions. HDFC Mutual Fund has become a top choice for investors seeking various investment opportunities due to its commitment to excellence. Offering a comprehensive range of mutual fund schemes, the fund blends innovation, integrity, and a customer-focused approach to guide individuals on their financial path.
List of HDFC Mutual Funds in India
Here is a list of the 10 best HDFC mutual funds.
| HDFC Mutual Fund Name | Category | Fund Size (in Cr) | 3Y CAGR |
|---|---|---|---|
| HDFC Infrastructure Fund | Equity | ₹ 2,341 | 27.89% |
| HDFC Small Cap Fund | Equity | ₹ 31,230 | 18.69% |
| HDFC Mid Cap Opportunities Fund | Equity | ₹ 73,510 | 24.04% |
| HDFC Focused 30 Fund | Equity | ₹ 15,687 | 24.64% |
| HDFC Dividend Yield Fund | Equity | ₹ 5,982 | 17.72% |
| HDFC Flexi Cap Fund | Equity | ₹ 65,966 | 22.48% |
| HDFC Housing Opportunities Fund | Equity | ₹ 1,286 | 17.92% |
| HDFC Large and Mid Cap Fund | Equity | ₹ 23,139 | 19.17% |
| HDFC ELSS Tax Saver | Equity | ₹ 15,413 | 21.83% |
| HDFC Retirement Savings Fund | Equity | ₹ 5,897 | 18.77% |
Disclaimer: Please note that the above table is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Note: The data on the top HDFC mutual funds in India in the list is from 4th March, 2025. However, for real-time updates on stock prices and market trends, visit the smallcase stocks collection today!
Key Information About HDFC Asset Management Company Ltd
| Key Information | Details |
|---|---|
| Mutual Fund Name | HDFC Mutual Fund |
| Company Name | HDFC Asset Management Company Ltd. |
| Founded | 1999 |
| Headquarters | Mumbai, India |
| Trustee Organization | HDFC Trustee Company Limited |
| Industry | Mutual Fund Management |
| Services | Mutual Funds, Portfolio Management Services, Alternative Investment Opportunities |
| Investor Service Centers (ISCs) | 228 across more than 200 cities |
Brief Overview of the Best HDFC Mutual Funds
Let’s delve deeper into the details of these top 10 mutual fund schemes:
HDFC Infrastructure Fund
This is an Equity mutual fund scheme and was offered by HDFC Mutual Fund in January 2013. This fund focuses on long-term capital appreciation by investing primarily in equity and equity-related securities of companies engaged in infrastructure development.
HDFC Small Cap Fund
This is an Equity mutual fund scheme launched by HDFC Mutual Fund in January 2013. Designed for long-term capital appreciation, this fund invests predominantly in small-cap companies.
HDFC Mid Cap Opportunities Fund
This is an Equity mutual fund scheme launched by HDFC Mutual Funds in December 1999. This fund aims to provide long-term capital appreciation by investing mainly in mid-cap companies. With a focus on companies in the mid-sized growth phase, it balances risk and return.
HDFC Focused 30 Fund
This is a Focused mutual fund scheme launched by HDFC Mutual Fund in January 2013. It follows a concentrated investment approach by investing in equity and equity-related instruments of up to 30 companies. With a focus on select high-potential stocks, it aims to generate long-term capital appreciation.
HDFC Dividend Yield Fund
This is a Dividend-Yield mutual fund scheme launched by HDFC Mutual Fund in November 2020. This fund seeks capital appreciation and/or dividend distribution by investing in a well-diversified portfolio of dividend-yielding equity and equity-related instruments.
What are HDFC Mutual Fund in India?
HDFC Asset Management Company Ltd., known as HDFC Mutual Fund, is India’s largest actively managed equity mutual fund. It ranks among the country’s most profitable Asset Management Companies (AMCs), overseeing assets totalling Rs. 4.8 trillion.
Features of the HDFC Fund
Let’s have a look at the HDFC MF scheme.
- Diverse Fund Options: HDFC Mutual Fund performance provides various fund options across multiple categories, including equity, debt, hybrid, and more, catering to different risk appetites and investment objectives.
- Experienced Fund Managers: The HDFC MF performance boasts a team of professional and skilled fund managers, who play pivotal roles in managing and steering the funds.
- Robust Performance Metrics: HDFC Mutual Fund has demonstrated strong performance metrics, including consistent returns, prudent risk management, and adherence to investment strategies. These metrics contribute to the overall trust and reliability associated with HDFC Mutual Fund schemes.
- Wide Distribution Network: HDFC Mutual Fund has an extensive network of 228 branches spanning 200 cities in India. This ensures broad accessibility, making it convenient for investors to engage with its services.
- Adherence to Regulatory Standards: As a regulated entity, HDFC Mutual Fund adheres to regulatory bodies’ guidelines and standards, such as the Securities and Exchange Board of India (SEBI), ensuring compliance and transparency in its operations.
How to Choose the Best HDFC MF Schemes?
Choosing the best HDFC MF schemes can be complex, with many factors to consider. However, by following these steps, you can narrow down the top 5 mutual funds in India under HDFC and identify the best mutual funds in India that are most likely to meet your investment goals.
- Understand Your Investment Goals: Before you start investing, it is important to understand your investment goals and risk appetite. What are you hoping to achieve? What is your time horizon? Are you comfortable with taking risks?
- Consider Your Investment Horizon: Your investment horizon is the length of time you plan to invest your money. You can afford to take on more risk if you have a long-term investment horizon for the best HDFC mutual fund. However, you might need to be more conservative if you have a short-term investment horizon.
- Do Your Research: Once you understand your investment goals and risk appetite, you can start to research HDFC MF schemes to narrow down the best performing mutual funds. Many resources are available to help you with your research, including the HDFC Funds website, online comparison platforms, and financial advisors.
- Consider the Fund’s Investment Objective: The fund’s investment objective depends on the type of assets it invests in. The HDFC mutual fund portfolio may offer a wide range of schemes, including HDFC equity funds, debt funds, hybrid funds, and solution-oriented funds.
- Consider the Fund’s Track Record: Research the historical performance of HDFC mutual funds to choose the best mutual funds for SIP. However, it’s essential to keep in mind that past success does not necessarily predict future outcomes.
Top HDFC Fund Managers in India
- Chirag Setalvad: Chirag Setalvad, who has a B.Sc in Business Administration from the University of North Carolina, has diverse investment banking and equity research expertise. He joined HDFC Asset Management Company Ltd. in 2000 and returned in 2007 as the Senior Fund Manager of Equities, managing Rs. 57,928 Crore across 15 schemes.
- Prashant Jain: Prashant Jain, a Chartered Financial Analyst (CFA) holder of B.Tech and PGDM degrees, has managed funds since 1991. He joined HDFC Asset Management Company Ltd. in 2003 as the Chief Investment Officer, Executive Director, and Fund Manager. As of 2019, he has managed the HDFC Balanced Advantage Fund for 25 years, with an AuM of Rs. 90,640 Crore.
- Vinay R. Kulkarni: Vinay R. Kulkarni, B.Tech from IIT Bombay and PGDM from IIM Bangalore, started as a Software Engineer in 1988. He joined HDFC in 2006 as the Senior Fund Manager of Equity. He manages an AuM of Rs. 14,950 Crore across 10 HDFC Mutual Funds, including Equity Savings Direct Plan, Axsaver Direct Plan, Focused 30 Fund, Growth Opportunities Fund, etc.
- Shobhit Mehrotra: Shobhit Mehrotra holds degrees in B.Tech, MS, and MBA and specializes in credit ratings and fixed-income markets. He joined HDFC Asset Management Company Ltd. in 2004 and is currently the Head of Credit and Senior Fund Manager of Fixed Income. Manages an AuM of Rs. 36,709 Crore.
- Anupam Joshi: Anupam Joshi, with a PGDBM degree, has diverse experience, joining HDFC Mutual Fund as Portfolio Manager and Fund Manager of Fixed Income in 2015 and managing an AuM of Rs. 1.23 Lakh Crore across 11 schemes, including Corporate Bond and Liquid Direct Plan.
- Anil Bamboli: Anil Bamboli, a Chartered Financial Analyst (CFA) with a B.Com and MMS in Finance, has been in the industry since 1994. He joined HDFC Asset Management Company Ltd. in 2003 as a Senior Fund Manager and managed an AuM of Rs. 44,541 Crore across 22 schemes.
Documents Required to Invest in HDFC Mutual Funds
PROOF OF IDENTITY
- PAN Card (Mandatory)
- Voter ID Card
- Driving License
- Passport
- Aadhaar Card
- Any other valid identity card issued by Central or State Government
PROOF OF ADDRESS
- Voter ID Card
- Driving License
- Passport
- Ration Card
- Aadhaar Card
- Bank account statement or bank passbook
- Utility Bill (not more than 3 months old)
If you are investing in a tax-saving mutual fund, you might also need to provide the following documents:
- Form 16 (for salaried individuals)
- Form 16A (for non-salaried individuals)
You can submit these documents online, by post, or in person at an HDFC Mutual Fund branch.
Please note that the required documents may vary depending on your circumstances. Therefore, check with HDFC Mutual Fund to confirm the documents you need.
How to Start HDFC Mutual Fund SIP Online?
To start an HDFC SIP Mutual Fund, you will need to follow these steps:
- Create an account on the HDFC Mutual Fund website or mobile app.
- HDFC Mutual Fund mobile app
- Provide your personal details, such as your name, address, and PAN number.
- Link your bank account to your HDFC Mutual Fund account.
- Choose the HDFC Mutual Fund scheme you want to invest in.
- Enter the SIP amount you want to invest.
- Choose the frequency of the SIP, such as monthly, quarterly, or semi-annually.
- Review your details before you start SIP and submit the SIP registration form.
Once you complete these steps, your long-term SIP in the selected HDFC Mutual Fund scheme will become active. You will then begin investing in your chosen HDFC mutual fund. The SIP amount will be automatically debited from your bank account on your chosen date.
Investing in HDFC Mutual Funds via smallcase
You can also invest in HDFC mutual funds via smallcase. Simply go to smallcase.com or the smallcase app, and login via your phone number. Then, go to ‘Discover‘ and enter the name of the specific mutual fund name in the search bar and hit enter. You’ll find the performance of the mutual fund and the minimum investment amount. Decide the particular amount you want to invest based on your financial goals and click on ‘Invest now’.ccount on your chosen date.
Taxation on HDFC Mutual Funds as per the Union Budget 2024-25
Equity Mutual Funds
| Capital Gains Tax | Holding Period | Old Rate | New Rate |
| Short-Term Capital Gains (STCG) | Less than 12 months | 15% | 20% |
| Long-Term Capital Gains (LTCG) | More than 12 months | 10% | 12.50% |
- Tax-Free Limit: The capital gains up to Rs. 1.25 lakh per year are tax-free. This is an increase from the previous limit of Rs. 1 lakh.
- Tax Rate: The gains exceeding Rs. 1.25 lakh are now taxed at a flat rate of 12.5%. This is an increase from the previous rate of 10%.
- Indexation: The benefit of indexation, which allowed investors to adjust the purchase price for inflation, has been removed for all asset classes, including equity mutual funds.
Debt Mutual Funds
| Capital Gains Tax | Holding Period | Old Rate | New Rate |
| Short-Term Capital Gains (STCG) | Less than 36 months | Taxed according to your income tax slab | Taxed according to your income tax slab |
| Long-Term Capital Gains (LTCG) | More than 36 months | 10% | 12.50% |
- No Indexation Benefit: The previous benefit of adjusting the purchase price for inflation is removed. Now, the entire gain after three years is taxable at 12.5%.
- Change in Holding Period for Specified Mutual Funds: Previously, debt mutual funds with a holding period of over 36 months were taxed based on the investor’s tax slab, classified as Long-Term Capital Gains (LTCG). Now, for specified mutual funds where over 65% of the investment is in debt, the holding period for taxation has been reduced to over 24 months. These funds will still be taxed according to the investor’s tax slab as either LTCG or STCG.
Hybrid Mutual Funds
| Type of Hybrid Fund | Short-Term Capital Gains (STCG) | Long-Term Capital Gains (LTCG) | Indexation Benefit |
| Equity-Oriented Hybrid Funds | 20% for holdings less than 1 year | 12.5% for holdings over 1 year, with gains up to Rs. 1.25 lakh tax-free | Not available |
| Debt-Oriented Hybrid Funds | Taxed as per income tax slab for holdings less than 3 years | 12.5% for holdings over 3 years | Not available |
Note: Mutual fund schemes where neither the equity nor debt orientation exceeds 65% will now be classified as long-term investments after 24 months. The previous holding period for these funds was 36 months. These will be taxed at the revised LTCG tax rate of 12.5%.
How are Returns Calculated on HDFC Mutual Funds?
Returns on HDFC Mutual Funds India are calculated based on the Net Asset Value (NAV), which represents the per-unit price of the fund. There are different methods to measure returns depending on the investment horizon and type of mutual fund.
- Absolute Returns – This measures the total percentage gain or loss on an investment over a specific period.
- Compounded Annual Growth Rate (CAGR) – This reflects the average annual growth rate of an investment, smoothing out volatility.
- XIRR (Extended Internal Rate of Return) – This calculates the overall return on investments made at different intervals, commonly used for SIPs.
- Annualised Returns – Represent returns over a standard one-year period, often used for comparing funds.
Benefits of Investing in HDFC MF
Investing in HDFC Mutual Funds plans can offer several additional benefits beyond the potential for financial growth and tax advantages. Here are some of the benefits of investing in HDFC MFs:
- Professional Management: HDFC MFs are managed by experienced and skilled fund managers with a proven track record of making informed investment decisions. These experts meticulously research and analyse market trends, company performance, and economic factors to select and manage the funds’ underlying assets effectively.
- Diversification: HDFC MFs offer various investment options across various asset classes, including long term equity funds, debt funds, hybrid funds, and solution-oriented funds. This portfolio diversification allows investors to spread their investments across different asset classes, reducing overall risk and enhancing the potential for consistent returns.
- Systematic Investment Plans (SIPs): HDFC MFs facilitate flexible investment strategies through Systematic Investment Plans (SIPs). The best sip plans enable investors to make regular, even small contributions to their chosen funds, inculcating financial discipline.
- Transparency and Accessibility: HDFC Mutual Funds are committed to transparency and provide investors with regular updates. These updates are about fund performance, portfolio holdings, and investment strategies.
- Extensive Distribution Network: HDFC MFs have a vast distribution network with over 228 investor service centres (ISCs) across more than 200 cities in India. This extensive network makes it easy for investors to access HDFC MF schemes through various channels, including banks, brokers, and financial advisors.
To Wrap It Up…
To conclude, HDFC Mutual Fund, managed by HDFC Asset Management Company, offers a wide range of investment options. With a solid history of performance, diverse fund choices, and a focus on client satisfaction, it provides investors with a reliable path toward achieving financial goals and optimising returns.
As always, please do your own research and/or consult a financial advisor before investing.
Frequently Asked Questions(FAQs) on HDFC Mutual Funds
Mutual funds are subject to market risks and there is no guarantee of returns.
The minimum amount to start an HDFC mutual fund SIP online varies depending on the fund scheme, but it is typically around Rs. 500.
To calculate your HDFC Mutual Fund SIP, you can use the following formula:
SIP amount = (Goal amount) / (Investment horizon in years) * (1 + Expected return rate)
Short-term investing goals are typically best suited for debt funds, which are less volatile than equity funds. Some of the best HDFC MF schemes include HDFC Liquid Fund and HDFC Ultra Short Term Fund.
You can increase the SIP amount of your HDFC mutual fund scheme online, via your bank, or at an investor service centre.
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