Summary:
HDFC mutual fund is one of the leading asset management companies in India. They offer a wide range of SIP plans, which are financial plans that allow you to invest a small amount of money regularly. The risk and return of each SIP plan are different, so you can choose one that is right for you. In this blog, we will discuss the best HDFC mutual funds for SIP investments in 2023 that you should consider investing in.
Systematic investment plans (SIPs) allow you to invest small amounts of money every month into various mutual funds, helping you steadily build your savings. If you're searching for a reliable place to invest, consider HDFC. Since its inception in 1999, HDFC has established a strong reputation in the financial market. The company offers a wide variety of investment options, including stocks, bonds, hybrid funds, and even tax-saving funds. The best part is that you can start investing with as little as INR 100 or 500.
So, if you're eager to put your money to work, you're in the right place. We've done the research and put together a list of the best HDFC mutual funds for SIP investments this year.
The best HDFC mutual fund to invest in 2023
After a comprehensive review of various funds, focusing on key parameters like fund size, three-year returns, and the minimum investment, we've shortlisted our top picks for you:
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HDFC Balanced Advantage Fund
Managing a significant pool of INR 61,598.75 crore, the HDFC Balanced Advantage Fund could be a top pick for you. Its track record, with a return of 29.37% over the past three years, is certainly appealing. The fund strategically diversifies between equities and bonds, ensuring you have the chance for growth with some protection. Its 'very high risk' status suggests the opportunity for rewarding returns. If you're contemplating an investment, you can start an SIP with just INR 100.
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HDFC Mid-Cap Opportunities Fund
The HDFC Mid-Cap Opportunities Fund strategically focuses on mid-sized companies with promising growth potential. With an asset base of INR 47,236 crore, it achieves a three-year growth rate of 20.45%. Although this rate falls slightly below the category average, it is a significant accomplishment. Mr. Chirag Setalvad expertly manages the fund. If you seek investments with higher risk and the prospect of substantial returns, consider this fund. You can even start a SIP with a modest amount of INR 100.
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HDFC Flexi Cap Fund
The HDFC Flexi Cap Fund offers a comprehensive way for investors to tap into the potential of the Indian equity market. Primarily focusing on small, large and mid-cap companies, it has amassed assets worth INR 39,794.33 crore. Over the last three years, its growth rate stands at an impressive 32.56%, outshining many in its category. With a value-driven investment approach, it seeks to identify and invest in stocks that offer good value for money. While it does come with a 'very high risk' tag, the possibility for significant long-term returns is also there. For those keen on starting their investment journey, the fund allows SIPs beginning from just INR 100.
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HDFC Small Cap Fund
Small-cap stocks refer to companies with a smaller market valuation (typically those with a market capitalisation under INR 5,000 crore). While they might not be as prominent as their larger counterparts, they offer unique investment opportunities. The HDFC Small Cap Fund, with assets of INR 22,560.06 crore, showcases the potential of such investments. Over the past three years, this fund has achieved a notable growth rate of 40.99%. It's essential to remember that while small-cap stocks can offer attractive returns, they can also be somewhat unpredictable due to their size. However, with a well-thought-out approach, the prospects are encouraging. If you want to tap into this growth, you can start your SIP in this fund from just INR 100 onwards.
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HDFC Top 100 Fund
The HDFC Top 100 Fund focuses on the leading 100 companies in India, representing the cream of the crop in terms of market capitalisation and performance. These companies are often industry leaders and have a proven track record of stability and growth. With assets under management of INR 25,422.81 crore, this fund has consistently outperformed many of its peers, showcasing a growth rate of 25.74% over the last three years. By prioritising stocks that offer both growth and value, the fund presents a balanced investment opportunity. While there's a level of risk involved, the potential for significant long-term returns is promising. If you're considering investing, you can start with a SIP as low as INR 100.
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HDFC Large and Mid-Cap Fund
The HDFC Large and Mid-Cap Fund provides a mix of investments in both well-established large companies and emerging mid-sized businesses. With assets of INR 11,197.54 crore, it has achieved a commendable three-year growth rate of 31.34%. The fund's approach is rooted in careful research, selecting stocks known for their stability and growth prospects. While choosing this fund comes with certain risks, the potential for long-term benefits is evident. If interested, you can start an SIP with just INR 100.
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HDFC ELSS Tax Saver
With the HDFC ELSS Tax Saver, you have an opportunity to benefit from tax savings. Its assets, amounting to INR 11,285.76 crore, have grown at a rate of 27.57% over the past three years, outperforming many of its peers. Focusing mainly on equities, this fund offers growth and tax deductions under Section 80C. Do note the three-year lock-in period. Despite its high-risk nature, the chance for impressive returns is clear. You can kickstart your SIP with this fund at INR 500.
Plan your SIP investments smarter with our mutual fund return calculator.
Wrapping up: Points to remember
- HDFC offers a variety of funds, each with its own risk and return profile. Whether you're a risk-taker or prefer a safer bet, there's something for everyone.
- You don't need a large sum to start investing. Many of these funds allow you to start a SIP with just INR 100 or 500.
- HDFC's funds are backed by a team of expert financial analysts, ensuring your investments are always in capable hands and positioned for growth.
Ready to make your money work for you? Start your SIP investment with HDFC today.