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HDFC Asset Management Company Ltd., or HDFC Mutual Fund, is currently the largest mutual fund and actively managed equity mutual fund in India. It is one of the most profitable asset management companies (AMC) in the country. The company manages assets worth Rs. 6.1L Cr crores as of Mar 31, 2024.
HDFC Asset Management Company Ltd. received approval to act as an AMC from SEBI back on 30 June 2000 under the registration number MF/044/00/6. It also offers portfolio management/non-binding investment advisory services since 18 September 2016 under the registration code PM /INP000000506 from SEBI.
Mutual Fund investment not only provides a lot of benefits but can also help in reducing the risk by investing in diverse portfolios. If you are looking to invest in HDFC Bank Mutual funds, such an investment can be made online as well as offline. The HDFC mutual fund application via offline mode can be done by filling up an investment application form. If you prefer to do it online, the prerequisites of how can you invest in HDFC MF online is given below.
Not only fund management but he also has extensive experience in investment banking and equity research. He joined HDFC Asset Management Company Ltd. as a Fund Manager in 2000. In 2004, he left the company to become the Vice President at New Vernon Advisory Services Pvt. Ltd. Mr. Setalvad came back to HDFC Mutual Fund in 2007 as the Senior Fund Manager of Equities.
Chirag Setalvad currently manages Rs. 57,928 Crore in 15 schemes like - Small Cap Fund, Retirement Savings Fund, Multi Asset Fund, Mid-Cap Opportunities Fund, Long Term Advantage Fund, Hybrid Equity Fund, Children's Gift Fund, etc.
Prashant Jain owns a B.Tech degree from the Indian Institute of Technology, Kanpur and a PGDM degree from the Indian Institute of Management, Bangalore. He is also a Chartered Financial Analyst (CFA) from AIMR.
He started his career as a Fund In-Charge at SBI Mutual Fund in 1991. After this, he moved to Zurich Asset Management Company (India) Private Ltd. to become the Chief Investment Officer, Head of Funds Management, and Fund Manager in 1993.
As of 2019, Prashant Jain is the only Fund Manager in India to have managed a fund (HDFC Balanced Advantage Fund) for 25 years. The HDFC Balanced Advantage Fund is the largest equity fund in India with an AuM of R. 37,395 crore. As per Morningstar Direct, it has generated an alpha of 9.5% over the Sensex since 1994.
He initially began his career as a Software Engineer in Patni Computer Systems Ltd. in 1988. Mr. Kulkarni became a Fund Manager at UTI Asset Management Company Private Ltd. in 1992. Later, he joined Deutsche Asset Management (India) Pvt. Ltd. in 2005 as a Senior Fund Manager. A year later, he moved to Tata Asset Management Ltd. also as a Senior Fund Manager. He joined HDFC in the same year (2006) as the Senior Fund Manager of Equities.
Vinay R. Kulkarni manages an AuM of Rs. 14,950 Crore in 10 HDFC Mutual Funds including Equity Savings Direct Plan, Taxsaver Direct Plan, Focused 30 Fund, Growth Opportunities Fund, etc.
Mr. Mehrotra was initially the Business Investment Analyst at ICRA Ltd. back in 1992. In 1997, he became the Assistant Vice President and Portfolio Manager of Fixed Income at Templeton Asset Management (India) Pvt. Ltd. He joined HDFC Asset Management Company Ltd. in 2004 as the Head of Credit and Senior Fund Manager of Fixed Income.
Shobhit Mehrotra manages an AuM of Rs. 36,709 Crore invested in 22 HDFC schemes like Retirement Savings Fund, Medium Term Debt Fund, Credit Risk Debt Fund, Floating Rate Debt Fund, Income Direct Plan, Medium Term Debt Fund, etc.
He joined as the Fixed Income Dealer at Asit C. Mehta Investment Intermediates Ltd. back in 2001. Mr. Joshi joined ICAP India Pvt. Ltd. as a Dealer in 2003. He became the Assistant Manager of Fixed Income at Principal PNB Asset Management Company in 2005, where is also played the role of Portfolio Manager. In 2008, he joined IDFC Asset Management Company Private Limited as the Associate Director of Investments, Director of Fund Management, and Fund Manager.
Anupam Joshi is currently the Portfolio Manager and Fund Manager of Fixed Income at HDFC Mutual Fund since 2015. He manages an AuM of Rs. 1.23 Lakh Crore in 11 schemes like Corporate Bond, Low Duration Fund, Liquid Direct Plan, etc.
He joined SBI Funds Management Pvt. Ltd. as an Assistant Vice President in 1994. Mr. Bamboli joined HDFC Asset Management Company Ltd. as a Senior Fund Manager in 2003. He manages AuM of Rs. 44,541 Crore in 22 schemes like Banking and PSU Debt Fund, Short Term Debt Fund, Gilt Fund, Money Market Fund, Overnight Fund, Dynamic Debt Fund, Equity Savings, Dynamic PE Ratio Fund of Funds, Multi Asset Fund, etc.
While these are some of the standard document list, submitting all of these documents is a tedious process and can procrastinate your plan of investing. This is where ET Money offers you a paperless and fast solution.
You can submit your KYC in under two minutes by uploading the photos of your identity and address proofs. This includes PAN and any one of Aadhaar, Voter ID, Driving License & Passport along with your signature, a selfie and a live video, authenticating your identity. ET Money's quick KYC application makes investing easy and hassle-free.
On the other hand, if you do the same through a distributor, you will pay a higher expense ratio, and, as a result, your returns will be lower. A much simpler, efficient, and effective way of investing in schemes from HDFC MF or any other fund house is through the ET Money platform.
All you need to do is sign up once and start investing in schemes from different AMCs. You can choose from various schemes of HDFC Mutual Funds, and that too, at a lower expense ratio since ET Money is a direct investment platform. You can also track your existing portfolio on ET Money. You can view all your old and new investments in one place, making it much simpler to track them and make better-informed decisions.
In addition to the above, the ET Money investment platform also offers valuable details like the fund's past performance, returns consistency, downside protection, fund history, expense ratio, exit load, and other essential information.
Mr. Anil Bambolia is not only one of the veterans of HDFC Asset Management Company but also of the Finance Industry. He is a stalwart of the investment market with unmatchable expertise and experience in the income fund and debt fund segment. He heads a total of 24 schemes of HDFC Bank Mutual Fund and all of these are either income fund of debt funds. He also takes care of other funds like those categorized under the Hybrid category where he works with some other fund manager mainly expert in equity to optimize the returns.
His expertise has helped HDFC Bank Mutual Fund to provide more than average returns to their customers as far as the short term funds are concerned. He can manage to procure returns that are more than the benchmark of the industry and thus any investor turns to HDFC Bank Mutual Fund when thinking of short term funds, liquid funds are any fund related to the debt market.
Mr.Bamboli had joined HDFC Bank Mutual Fund in 2003 and had been the key person behind these investment funds. He has an overall experience of more than 25 years and is a B.Com, CWA, MMB (Finance), and CFA and had been the Asst.Vice President of SBI Asset Management Company before joining HDFC.
Mr. Chirag Setalvad of HDFC Bank Mutual Fund is known for his out and out approach towards mid-cap and the small-cap stocks. The Mid Cap and Small Cap companies have great potential for growth rather they are the growing centre of the finance industry. These stocks have a great opportunity which if grabbed with the correct expertise and judgment with the right amount of knowledge can prove to be the powerhouse of investment. And this is the exact combination that has lead Mr. Setalvad to be one of the most celebrated Fund Managers who look into the mid-cap and small-cap segment of the investment.
Mr. Setalvad heads 5 funds of HDFC Bank Mutual Fund which are precisely from the area of his expertise and he also jointly looks after a number of other funds which are named in the hybrid category. He had done his Management from the United States of America and has an overall experience of 22 years of which in the initial 3 years he had been an investment banker and since then he has been a Fund Manager.
Mr. Vinay Kulkarni had joined HDFC Bank Mutual Fund in 2006 and is the Senior Fund Manager for a number of funds since then. His expertise is in the equity market and we see him mainly engaged in funds which involve a diversified approach within the equity arena. He heads 3 funds of HDFC Bank Mutual Fund that also include the only Equity Linked Savings Scheme (ELSS) offered by HDFC Bank Mutual Fund and also manages few more funds along with other fund managers. The total count comes up to about 5 funds.
He has a total experience of about 28 years of which he has spent only 3 years in the IT Industry and the rest of the 25 years has been spent in the Finance Industry managing funds, primarily in the equity market. He is a B.Tech from IIT Mumbai and a Post Graduate Diploma in Management in Finance from IIM Bangalore. Mr.Kulkarni had been the Senior Fund manager with Deutsche Asset Management Company and a Fund Manager at UTI Asset Management Company before joining HDFC Bank Mutual Fund.
Mahesh Patil is the Chief Investment Officer (CIO) of Aditya Birla Sun Life AMC. With over three decades of experience in fund management, Mahesh leads the entire investment team of Aditya Birla Sun Life AMC.
As a company, HDFC Mutual Fund is one of the largest AMCs in India. As far as safety is concerned, it will depend on how you define it. No AMC cannot guarantee the safety of capital when it comes to market-linked investments like mutual funds. The safety of capital cannot be guaranteed by any AMC when it comes to market-linked investments, like mutual funds. You can evaluate and choose a fund that suits your requirement and aim for growth.
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