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HDFC Mutual Funds

HDFC Mutual Funds

About This AMC

HDFC Asset Management Company Ltd., also known as HDFC Mutual Fund, belongs to the household brand of HDFC.

In 2001, HDFC Mutual Fund formed a joint venture with Abrdn Investment Management Limited (formerly known as Standard Life Investments Limited). In June 2023, Abrdn Investment Management Ltd sold its entire 10.2% stake in HDFC Mutual Fund.

Notably, HDFC Mutual Fund has made significant expansions through acquisitions (Zurich and Morgan Stanley Mutual Funds) and the got listed in 2018 through an IPO (Initial Public Offering).

Former SBI Mutual Fund CIO (Chief Investment Officer), Navneet Munot leads HDFC Mutual Fund as MD & CEO as of August 2023.

HDFC is home to some of the largest mutual fund schemes like HDFC Balanced Advantage Fund (₹60,000+ crore) HDFC Midcap Opportunities Fund (AUM: ₹45,000+ crore), HDFC Flexicap Fund (AUM: 35,000+ crore)

As of February 2024

Schemes

91

AUM

₹5,87,828 Cr

AUM growth

-₹6,800 Cr

Fund managers

23

Explore HDFC Mutual Funds

NameFund sizeExpense Ratio1 Y3 Y
HDFC Infrastructure Fund Direct Growth
HDFC Infrastructure Fund Direct Growth

Equity - Infrastructure Very High Risk

₹1,893 Cr1.27%83.4%39.0%
HDFC Mid-Cap Opportunities Fund Direct Growth
₹63,413 Cr0.75%59.1%29.8%
HDFC Small Cap Fund Direct Growth
HDFC Small Cap Fund Direct Growth

Small-Cap Very High Risk

₹29,685 Cr0.58%45.6%29.5%
HDFC Focused 30 Fund Direct Growth
HDFC Focused 30 Fund Direct Growth

Focused Fund Very High Risk

₹11,246 Cr0.5%43.8%29.2%
HDFC Dividend Yield Fund Direct Growth
HDFC Dividend Yield Fund Direct Growth

Dividend Yield Very High Risk

₹4,958 Cr0.51%47.8%27.8%
HDFC TaxSaver Direct Growth
HDFC TaxSaver Direct Growth

ELSS (Tax Savings) Very High Risk

₹14,474 Cr1.14%48.0%27.1%
HDFC Housing Opportunities Fund Direct Growth
₹1,430 Cr1.22%60.3%26.6%
HDFC Large and Mid Cap Fund Direct Growth
HDFC Large and Mid Cap Fund Direct Growth

Large & Mid-Cap Very High Risk

₹18,691 Cr0.82%50.5%26.5%
HDFC Flexi Cap Fund Direct Growth
HDFC Flexi Cap Fund Direct Growth

Flexi Cap Very High Risk

₹52,874 Cr0.78%44.2%26.1%
HDFC Balanced Advantage Fund Direct Growth
HDFC Balanced Advantage Fund Direct Growth

Dynamic Asset Allocation Very High Risk

₹83,548 Cr0.72%42.5%24.7%
View all HDFC Mutual Funds

Top HDFC Fund Managers

₹1,10,036 Cr

AUM

32

Schemes

₹1,03,506 Cr

AUM

19

Schemes

₹6,806 Cr

AUM

16

Schemes

₹1,14,415 Cr

AUM

4

Schemes

₹1,461 Cr

AUM

2

Schemes

₹37,428 Cr

AUM

20

Schemes

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All about HDFC Mutual Funds

Key Information

Mutual fund nameHDFC Mutual Fund
Asset management company nameHDFC Asset Management Company Ltd.
AMC Incorporation DateDecember 10, 1999
Sponsor nameHDFC Ltd., Abrdn Investment Management Limited (AIML) erstwhile (Standard Life Investments)
Trustee organisationHDFC Trustee Company Limited
Name of trusteesMr. Vimal Bhandari (Chairman), Mr. V.Srinivasa Rangan (Director), Mr. Mehernosh Kapadia (Independent Director), Mr. Dindayal Jalan (Independent Director)
CIOMr. Prashant Jain
MD and CEOMr. Navneet Munot
Compliance OfficerMs. Supriya Sapre
Investor Service OfficerMr. Sameer Sakseria
Updated as ofFebruary 2024