Best Performing HDFC Mutual Funds To Invest In 2023

In India, there are several mutual fund houses and HDFC is one of them.  It is one of the country’s most popular and trusted Asset Management Companies (AMC). HDFC Fund House has more than Rs. 4.4 trillion worth of Assets Under Management (AUM). It offers various mutual fund schemes of different categories like equity, debt, hybrid, etc. In this article, let’s look into the best HDFC Mutual Funds in 2023 based on 5-yr CAGR.   

10 Best HDFC Mutual Funds

The above-mentioned list of Best HDFC Mutual Funds is based on a 5-yr CAGR and is dated as of 19th May 2023.

• HDFC Retirement Savings Fund-Equity Plan

This retirement fund from HDFC was launched on 25th February 2016. The absolute 1-year and 6 months returns on HDFC Retirement Savings Fund are 22.28% and 7.38%, respectively. The objective of the fund is to provide long-term capital appreciation by investing in a mix of equity and debt securities and helping investors meet their retirement goals. HDFC Retirement Savings Fund needs a minimum of Rs. 100 for a lump sum investment and for SIP it is Rs. 100. 

• HDFC Flexi Cap Fund

Launched in January 2013, HDFC Flexi Cap Fund has no lock-in period. The absolute 1-year and 6 months returns on this fund are 21.80% and 2.24%, respectively. The objective of the fund is to generate capital by primarily investing in equity and related securities. HDFC Flexi Cap Fund needs a minimum of Rs. 100 for a lump sum investment and for SIP it is Rs. 100.  

• HDFC Small Cap Fund

This small cap fund from HDFC was launched on 3rd April 2008. The absolute 1-year and 6 months returns on HDFC Retirement Savings Fund are 30.05% and 12.41%, respectively. The main objective of this fund is to generate capital by investing in equity and equity-related securities of small-cap companies. HDFC Small Cap Fund needs a minimum of Rs. 100 for a lump sum investment and for SIP it is Rs. 100.  

• HDFC Balanced Advantage Fund

Launched in January 2013, HDFC Balanced Advantage Fund comes with no lock-in period. The absolute 1-year and 6 months returns on this fund are 20.47% and 4.78%, respectively. HDFC Balanced Advantage Fund invests primarily in equity and debt instruments with the aim to generate capital. The % equity holding on this fund is 67.25% and the % debt holding is 25.69%. HDFC Balanced Advantage Fund needs a minimum of Rs. 100 for a lump sum investment and for SIP it is Rs. 100.  

• HDFC Gold Fund

This smallcap fund from HDFC was launched on 3rd April 2008. The absolute 1-year and 6 months returns on HDFC Gold Fund are 30.05% and 12.41%, respectively. This fund aims to generate capital by investing in HDFC Gold Exchange Traded Fund units. It needs a minimum of Rs. 100 for a lump sum investment and for SIP it is Rs. 100. 

• HDFC Focused 30 Fund

HDFC Focused 30 Fund comes with no lock-in period and was launched in January 2013. The absolute 1-year and 6 months returns on this fund are 23.48% and 3.32%, respectively. HDFC Focused 30 Fund aims to generate returns in the long term by investing in equity and related securities of up to 30 companies. This fund needs a minimum of Rs. 100 for a lump sum investment and for SIP it is Rs. 100. 

• HDFC Retirement Savings Fund-Hybrid-Equity Plan

This retirement savings fund from HDFC is a hybrid fund launched in February 2016. This fund comes with no lock-in period. The absolute 1-year and 6 months returns on HDFC Retirement Savings Fund – Hybrid – Equity Plan are 19.58% and 6.36%, respectively. This fund works towards the aim to fulfil your retirement goals by investing in equity and equity-related securities. The fund needs a minimum of Rs. 100 for a lump sum investment and for SIP it is Rs. 100.

• HDFC Index Fund-S&P BSE Sensex

HDFC Index Fund – S&P BSE Sensex is an index fund, which comes with no lock-in period and was launched in January 2013. The absolute 1-year and 6 months returns on this fund are 14.63% and -0.07%, respectively. HDFC Index Fund – S&P BSE Sensex aims to generate capital that is equal to the performance of S&P BSE Sensex (subject to tracking errors). It needs a minimum of Rs. 100 for a lump sum investment and for SIP it is Rs. 100. 

• HDFC Top 100 Fund

HDFC Top 100 Fund was launched in January 2013 and comes with no lock-in period. The absolute 1-year and 6 months returns on this fund are 18.14% and 2.43%, respectively. HDFC Top 100 Fund’s objective is to generate returns by investing in large-cap companies. The fund needs a minimum of Rs. 100 for a lump sum investment and for SIP it is Rs. 100.

• HDFC Index Fund-NIFTY 50 Plan

HDFC launched an index fund, HDFC Index Fund-NIFTY 50 Plan in January 2013, which comes with no lock-in period. The absolute 1-year and 6 months returns on this fund are 12.80% and -0.74%, respectively. HDFC Index Fund-NIFTY 50 Plan aims to generate capital that is equivalent to the performance of Nifty 50 (subject to tracking errors). The fund needs a minimum of Rs. 100 for a lump sum investment and for SIP it is Rs. 100. 

Conclusion 

The above-mentioned are the top HDFC Mutual Funds in India. However, it is important to consider your investment objective and risk appetite before choosing any mutual fund. Now that you are aware of the best HDFC mutual funds, find the best fund that suits your investment requirement. Before starting your investment journey, open a Demat account with Angel One.  

Disclaimer: This article has been written for educational purposes only. The funds/schemes quoted are only examples and not recommendations.