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Introduction to the Fund

HDFC Mutual Fund is one of the country’s well-established fund house and also one of the largest mutual funds. The first scheme was launched in July 2000. The assets managed by HDFC Mutual Fund was Rs. 33,496,409.73 for the quarter as on 31st December 2018. With numerous schemes made available under HDFC Mutual Fund, it caters to different needs of people. The HDFC Asset Management company which was set up as a subsidiary of HDFC Ltd. Is also involved in many CSR activities and is actively a part of philanthropic causes. Through this activity, the fund tries to tap investors who would like to donate part of their divided to such causes.


There are many types of Mutual Funds. Equity Funds are those wherein investments are made only in stocks or to buy ownership stocks of companies. The Equity stocks are moderately risky and are much sought after as it gives long term gains. Mostly Equity Funds are publicly traded.

Under Equity Funds, HDFC Mutual Fund offers funds in three categories:

1. Sector-specific funds: As the name suggests, this Mutual Fund invests in certain sectors like infrastructure, banking etc. or specific segments like mid-cap, small-cap etc.

2. Index Funds: These funds are meant for investors who prefer investing in equity funds but do not want to use Fund manager. These funds follow a specific index and replicates the index performance.

3. Tax Saving Funds: This type of equity fund offers tax savings to the investors. It is also called as Equity Linked Saving Schemes (ELSS). This type of fund has a 3-year lock in period.

HDFC Balanced Fund

The HDFC Balanced Fund is suitable for investors who want capital appreciation along with current income over long term. The Mutual Fund invests in equity and equity related instruments with balance exposure to debt and money market instruments. This is an open-ended scheme with moderately high-risk level.

Type of SchemeOpen Ended
ObjectiveCapital Appreciation along with generation of income from a combined portfolio of equity and equity related and debt and money instruments
Minimum Application AmountRs 5000, Additional purchase at Rs. 1000/-, Repurchase at Rs. 500/-
BenchmarkCRISIL Balanced Fund – Aggressive Index
SchemesDividend and Growth types

The returns over the year of this fund are:

Regular Plan – Growth Option

PeriodReturns (%)Benchmark Returns (%)
Last 1 year23.2616.10
Last 3 years20.9111.36
Last 5 years17.5111.11
Since inception (3045 days)16.81NA

Direct Plan – Growth Option

PeriodReturns (%)Benchmark Returns (%)
Last 1 year24.6016.10
Last 3 years22.0711.36
Since inception (3045 days)19.21NA

(As on March 2017)

Past performance may not be sustained for future.


The top 10 Issuers and Performers contributing to the HDFC Balanced Fund portfolio are:

Top 10 IssuersNet Assets (%)
GOI17.53
HDFC Bank Ltd.5.61
Reliance Industries Ltd.3.96
State Bank of India3.27
L&T3.25
Housing Development Finance Corporation Limited2.99
ICICI Bank Ltd.2.9
ITC Ltd.2.85
Infosys Ltd.2.60
Tube Investments of India2.47
TOP 10 SectorsNet Assets (%)
Financial Services 28.61
Sovereign17.53
Energy10.52
Automobile 7.43
Consumer Goods 5.81
IT 4.35
Others 3.90
Pharma3.50
Industrial Manufacturing2.66
Services2.53

NAV of HDFC Balanced Fund

The Net Asset Value of a Fund is defined as the market value of all assets managed in the portfolio. This includes cash, liabilities and divided by the total number of units outstanding. The current NAV of HDFC Balanced Fund is Rs. 147.07 and has been performing in a mid-range since inception. The Net Assets managed is Rs. 12,87804.98 lakhs as on 31st March 2018.

How to invest in HDFC Balanced Fund?

HDFC Mutual Funds are convenient to make investments in. There are primarily two methods of doing it.

Online:

HDFC Mutual Fund has a dedicated website which offers all information on all Fund products. One can create an online account linked to the bank account and start purchasing, selling or switching schemes.

HDFC Mutual Fund app can be downloaded on your phones and one can start doing transactions after creating the online account. This helps you track the investments and make money, leave instructions on-the-go.

Offline:

HDFC Bank has a wide network of branches across the country. One can walk into any of the bank branches, consult a Fund representative and apply for an investment then and there.


Resident Customers

  • PAN Card
  • ID Proof – PAN Card, Driving License, Valid Passport copy, Voter ID, Mapin card copy
  • Address Proof - Electricity Bill/Phone Bill, License, Passport, Visa, Ration Card, Passbook, Voters ID, Rent Agreement

Non-Resident Customers

NRI Customers who have been met in person

1. Address Proof [Either Mailing Address or the Overseas Address]

2. Non-English language declaration (In case of Document in a foreign language)

The document to be self-attested by the customer & countersigned by the RM as "Original seen & verified".

Document requirement for Proof of Mailing Address

Mailing address is an overseas address:

  • Photocopy of utility bill not more than 3 months old.
  • Photocopy of overseas bank statement not more than 3 months old.
  • Photocopy of valid permanent driving license.
  • Photocopy of Government issued ID Card.
  • Photocopy of credit card statement not more than 3 months old.
  • Photocopy of lease agreement / rent receipt (not more than 3 months old).
  • Photocopy of appointment letter.
  • Photocopy of company ID card with address.
  • Original letter from employer for the purpose of account opening on letterhead.
  • Photocopy of passport.
  • Proof of mailing address of the sponsor along with proof of relationship of the primary applicant with the sponsor.
  • Photocopy of bank statement of an NRI account with another bank.

Mailing address is an Indian address:

  • Photocopy of Valid Passport.
  • Photocopy of Valid Permanent Driving license
  • Original Telephone bill of private or public operators (e.g. MTNL, BSNL, Reliance, Airtel & Tata Indicom) not exceeding 2 months prior to date of account opening
  • Original Mobile post-paid bill - Airtel, Hutch, BSNL, Idea Cellular, etc.
  • Original Electricity bill - not exceeding 2 months prior to date of account opening
  • Original Bank account statement - not exceeding 3 months prior to date of account opening
  • Photocopy of Ration card.
  • Photocopy of Election card / Voters ID card (if it has address)
  • Photocopy of Letter from the society (only Registered societies) - on the letterhead, which carries the society's Registration No. The letter should carry the applicant's name & full address as well as the signatories full name, designation (Secretary, President) and address
  • Photocopy of Monthly outgoings bill from Registered Housing society - on the letterhead which carries the society's Registration No. (Maintenance charges receipt issued by the society NOT acceptable)
  • Photocopy of Title deeds of the property duly registered and stamped.
  • Photocopy of Lease deed/Rent agreement copy duly stamped
  • Photocopy of Senior citizens card from Indian Railways/Indian Airlines (if it has address)
  • Letter from any recognized public authority (In original)

For Non-Face to Face NRI customers

1. Address Proof [Either Mailing Address or the Overseas Address].

2. Non-English language declaration [In case of Document in a foreign language].

3. Additional Document [In case document is not attested].

The document is to be attested by Indian Embassy or by Notary or by Banker overseas.

If the attestation is not done then, the document to be self-attested and one additional document, as per list below to be obtained. Self-attestation letter as per Annexure "A" can be obtained in lieu of self-attestation on all docs.

Approved list of Additional documents

  • A cheque drawn on a bank account abroad.
  • Any cancelled paid cheque in original drawn on a bank abroad showing the signature, bank name, account number etc.
  • Original overseas / Indian bank statement not more than 3 months old.
  • Original utility bill not more than 3 months old.
  • Photocopy of ID card like valid permanent driver’s license, employee ID card, labour card.
  • Photocopy of local government ID card.
  • Original Letter from the employer issued for the purpose of opening of this account.
  • Photocopy of appointment letter issued by the overseas employer for the employment overseas.
  • Original credit card statement not more than 3 months old.
  • Photocopy of lease / rental agreement / rent receipt (not more than 3 months old).
  • Photocopy of Letter from university abroad (in case of NRI Students).

If any of the above documents has been submitted as proof of mailing address, another one of the above documents will be obtained as additional document for non-face-to-face account opening.

In case an NRI wants to open the account before leaving for abroad, a copy of the Employment Contract, University Letter, Contract Copy OR any other document can be obtained as proof of mailing address, provided the address on the application form and the address on the documents match.


1. What is Investment Services Account?

One can have full control of mutual funds through Net banking services of HDFC Bank by paying a nominal quarterly maintenance fee and operating the Investment Services Account. It is possible to purchase, redeem, and switch funds/investments at your convenience.

2. What is Cut off timings Investment Services Account?

The cut-off time for same day NAV is 1400 hours (IST). Instructions received before this time on the transaction day is eligible for same day NAV except for Saturdays and Sundays.

3. How are Mutual Fund returns calculated?

The returns of Mutual Funds are calculated in two ways – Absolute Returns and Annualized Returns.

4. What is Systematic Investment Plan (SIP)?

A Systematic Investment Plan (SIP) is a system wherein you invest money in regular intervals instead of one lumpsum amount in one shot. This helps in spreading out the cost of your investment over a period of time. When the markets fall, the investors will be able to buy more units.

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