HDFC mutual funds are a leading name in the field of wealth management. HDFC Asset Management Company Limited (AMC) which was incorporated on 10^th December 1999 governs the functioning of HDFC mutual fund India. British firm Standard Life Investments Limited and HDFC both have stakes in the HDFC mutual fund AMC. HDFC AMC was approved by the SEBI for managing HDFC mutual fund on July 3^rd 2000. HDFC AMC has acquired the requisite permission and has become the sponsors of Zurich India Mutual Funds. All the funds held by the Zurich insurance company were migrated to HDFC mutual funds India on June 19^th, 2003 and the change have been made in the scheme names.

HDFC mutual fund India has shown significant growth in recent years. The various activities associated with the HDFC mutual fund such as deciding on the HDFC mutual fund NAV and managing of assets of different HDFC mutual fund India schemes are launched. According to the HDFC mutual funds report published in 2006, AMC has an asset of about Rs 25,892 crores.

Overview of HDFC mutual funds

HDFC mutual fund India is one of the most customer friendly wealth management company and takes adequate steps to ensure that all its investors are kept in loop about all the new HDFC mutual funds which are launched in the market, price of HDFC mutual fund NAV, HDFC mutual fund NAV at which it could be redeemed etc.

A large number of HDFC mutual fund products are launched in the market like tax saver funds, arbitrage funds, capital builder fund, prudence fund, growth HDFC mutual fund India and sense plus mutual funds. There are also other kinds of HDFC mutual funds products which are available such as children gift HDFC mutual fund, liquid HDFC mutual fund, debit HDFC mutual fund India, fixed maturity plan etc. There are various short term and long term plans introduced by HDFC mutual funds; the aim of all these plans is to help the investors generate income in a safe manner which could be easily liquidated. There are 28 open ended schemes introduced by HDFC mutual fund India and 8 closed ended HDFC mutual fund schemes. In the open ended scheme you can buy funds by checking the current HDFC mutual fund NAV as decided by the SEBI anytime. You can also sell off these funds anytime and cash equivalent to current HDFC mutual fund NAV is deposited in your registered bank account.

HDFC mutual fund India products could be listed under following categories:

• Equity or growth fund
• Debt or Income fund
• Children’s gift fund
• Quarterly Interval fund
• Fixed maturity plan
• Exchange traded funds
• Liquid funds

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