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
| Name | Fund size | Expense Ratio | 1 Y | 3 Y |
|---|---|---|---|---|
HDFC Infrastructure Fund Direct Growth Equity - Infrastructure Very High Risk | ₹1,893 Cr | 1.27% | 81.3% | 40.0% |
HDFC Small Cap Fund Direct Growth Small-Cap Very High Risk | ₹29,685 Cr | 0.58% | 44.9% | 30.7% |
HDFC Mid-Cap Opportunities Fund Direct Growth Mid-Cap Very High Risk | ₹63,413 Cr | 0.75% | 57.5% | 30.3% |
HDFC Focused 30 Fund Direct Growth Focused Fund Very High Risk | ₹11,246 Cr | 0.5% | 42.9% | 30.1% |
HDFC Dividend Yield Fund Direct Growth Dividend Yield Very High Risk | ₹4,958 Cr | 0.51% | 46.6% | 28.2% |
HDFC TaxSaver Direct Growth ELSS (Tax Savings) Very High Risk | ₹14,474 Cr | 1.14% | 46.7% | 27.7% |
HDFC Housing Opportunities Fund Direct Growth Equity - Other Very High Risk | ₹1,430 Cr | 1.22% | 58.3% | 27.6% |
HDFC Large and Mid Cap Fund Direct Growth Large & Mid-Cap Very High Risk | ₹18,691 Cr | 0.82% | 49.0% | 26.9% |
HDFC Flexi Cap Fund Direct Growth Flexi Cap Very High Risk | ₹52,874 Cr | 0.78% | 43.3% | 26.7% |
HDFC Balanced Advantage Fund Direct Growth Dynamic Asset Allocation Very High Risk | ₹83,548 Cr | 0.72% | 40.9% | 25.1% |
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 name | HDFC Mutual Fund |
| Asset management company name | HDFC Asset Management Company Ltd. |
| AMC Incorporation Date | December 10, 1999 |
| Sponsor name | HDFC Ltd., Abrdn Investment Management Limited (AIML) erstwhile (Standard Life Investments) |
| Trustee organisation | HDFC Trustee Company Limited |
| Name of trustees | Mr. Vimal Bhandari (Chairman), Mr. V.Srinivasa Rangan (Director), Mr. Mehernosh Kapadia (Independent Director), Mr. Dindayal Jalan (Independent Director) |
| CIO | Mr. Prashant Jain |
| MD and CEO | Mr. Navneet Munot |
| Compliance Officer | Ms. Supriya Sapre |
| Investor Service Officer | Mr. Sameer Sakseria |
| Updated as of | February 2024 |
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