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HDFC Sky Mutual Fund Investment 2024

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HDFC Sky Mutual Fund Investment
  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

As a first-time investor, if you want to start investing in Indian equities, a mutual fund is the best investment option for you. As every scheme is managed by professional experts, it helps beginners to kickstart their equity investment journey at less risk. Want to know how to do mutual fund investment with HDFC Sky? Here’s a complete guide on how to open HDFC Sky mutual fund account, what are the charges or brokerage fee, direct or regular plans available, how to start a SIP in a mutual fund scheme, HDFC Sky mutual fund app features, and a lot more.

HDFC Sky Mutual Fund Investment Features

HDFC Sky is a financial platform for all your trading and investing desires be it equity, derivatives, commodities, currencies, IPOs, mutual funds, and fixed-income investment instruments.

Check out the reasons why HDFC Sky is a great platform for mutual fund investment;

  • Invest in 2000+ mutual funds across categories i.e., equity, debt, hybrid, and thematic/sectoral
  • Mutual funds from 29+ fund houses are available
  • Diversify and invest in the right mutual fund according to your risk profile
  • Effortlessly track and manage your external mutual fund investment and get in-depth portfolio analysis conveniently
  • Hassle-free mutual fund investment process
  • Automate SIP investment or choose to invest lumpsum money
  • Compare upto 5 mutual fund schemes at ease
  • Get experts opinion and invest in top-rated mutual funds
  • Set up a SWP (Systematic withdrawal plan) and STP (Systematic Transfer Plan)

HDFC Sky Mutual Fund Plans| Direct or Regular plan

Every mutual fund company provides direct and regular schemes.

Direct plans have less expense ratio than regular schemes and therefore, provide far better return over long-term period.

At HDFC Sky, you can only invest in regular mutual funds as the platform does not provide direct plans. Thus, HDFC Sky is not a broker for investors who are looking to invest in direct mutual funds.

HDFC Sky mutual fund brokerage

Zero brokerage, yes, HDFC Sky allows all users to invest in mutual funds for free. The broker has no mutual fund account opening fee, and also charges zero commission, and subscription fee.

A customer can either set an automated SIP in mutual funds or invest lump sum money.

How to start SIP in a mutual fund with the HDFC Sky app?

SIP is the most preferred method of investing in mutual funds as you can invest a small amount periodically like every month, every quarter, etc. SIP helps to systematically grow your investment over a period to accumulate good wealth.

Steps to do mutual fund SIP in HDFC Sky;

  1. Log in to the HDFC Sky App.
  2. Among thousands of schemes available, select the mutual fund scheme of your choice.
  3. Tap on start SIP option.
  4. Enter details like SIP amount, SIP date, and tenure of investment.
  5. Once done, place the SIP order.
  6. Pay the first SIP installment.
  7. Now, register bank mandate to automate your SIP deduction every month.

HDFC Sky mutual fund Research

HDFC Sky app provides the best mutual fund schemes. Investors can find the top rated mutual funds on the HDFC Sky app and start investment after matching their appetite.

Also, the app allows users to compare up to 5 mutual fund schemes like scheme AUM, return comparison, risk comparison, sector-wise allocation, top 10 holdings, and more.

HDFC Sky mutual fund app

HDFC Sky app is an all-in-one mobile app to invest in stocks, mutual funds, and US stocks. Invest in over 2000 mutual fund schemes across equity, debt, hybrid, solution-oriented, and thematic mutual funds. Also, NFO (New Fund Offers) are also offered on the HDFC Sky app for investment.

You can start a SIP in your favorite scheme or invest via lump sum. Other investment options like STP and SWP are also available on HDFC Sky platform.

HDFC Sky mutual fund app features;

  • Wide range of mutual fund schemes available
  • Invest in equity, debt, hybrid, solution-oriented, or sector/thematic funds from 29+ AMCs.
  • Easy access to NFOs or upcoming mutual funds.
  • Save tax by investing in ELSS equity linked tax saving schemes
  • Set up a SIP, lumpsum, STP, or SWP in a scheme anytime anywhere.
  • Invest in fund of funds (FOFs) and international funds and diversify your investment
  • Automate your SIP investment with HDFC Sky app
  • Multiple search filters based on fund house, category, risk, and rating parameters
  • Track all your mutual fund investment including external investment at one place with HDFC Sky.
  • Invest in expert recommended top-rated mutual fund schemes.
  • Fund comparison feature helps you select the best scheme for investment.
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Reference Topics

HDFC Mutual Fund Charges

FAQs

Lumpsum investment means parking a sum of capital at a given point of time. HDFC sky app and website allows mutual fund investment through SIP route and lumpsum.

  1. Log in to your HDFC sky trading account.
  2. Select your choice of mutual fund scheme.
  3. Tap on lumpsum and enter the amount
  4. Submit the order and make payment.
  5. That’s done! You have successfully invested.

 

Yes, HDFC Sky app allows users to invest in equity shares, F&O contracts, mutual funds, and US stocks. The app can be installed on any Android and iOS devices to invest in mutual funds at your fingertips.

A customer can start SIP or choose to invest lumpsum money in their choice of mutual fund scheme. There are over 2000 schemes available across categories from 29 fund houses like ICICI, Tata, Axis, HDFC, SBI.

 

Yes, the HDFC Sky platform provides top-rated mutual fund schemes by experts to help investors select the right fund for investment. It rates mutual funds on a 5-star scale where the 5-start rated scheme is the top recommended one.

However, before investing in any scheme, you must know your risk profile and select the right one that is in line with your risk tolerance capacity.

 

No, HDFC Sky app and web platform does not offer direct mutual funds. Any demat and trading account holder with the broker can only invest in regular mutual funds.

 

HDFC Sky provides important mutual fund scheme-related information to all users. Log in to the HDFC Sky account on the web or mobile app, search for your choice of scheme, and the page will show important details such as;

  • Scheme basic information: Scheme category, minimum SIP and lumpsum amount, fund AUM size, investment objective, expense ratio, NAV, exit load, lock-in period, etc.
  • Mutual fund past performance or returns for 1-year, 3-years, and 5-years.
  • Sector-wise scheme allocation percentage
  • Portfolio allocation to top companies or holdings

 

Yes, HDFC Sky app allows you to bring all your mutual fund investment together at one single place to track or monitor your portfolio at ease and convenience.

 

SIP in stocks is similar to SIP in mutual funds where an investor invest a fixed sum of money at regular interval of time in equity shares. HDFC Sky allows customers to do SIP in stocks to invest systematically in equity shares.

  1. Log in to your HDFC Sky account on Android or iOS app.
  2. Add the script to Market Watch.
  3. Tap on the Buy option.
  4. In the order pop-up window, select SIP order from the drop-down options.
  5. Enter quantity, frequency (daily, weekly, monthly, fortnightly), and date and time.
  6. Click on Start SIP and the SIP order will be placed on the exchange.

Note: You can also create SIP order for basket.

 

HDFC Sky allows mutual fund investment facility to all customers. Here are the reasons why HDFC Sky is a good platform for investment in MFs;

  • 2000+ equity, debt, hybrid, thematic, and solution-oriented schemes from 29+ AMCs
  • Invest in your choice of mutual fund for free at Rs 0 brokerage
  • Save tax uptoRs 150,000 by investing in ELSS funds
  • Multiple investment options like SIP, SWP, STP, or lumpsum
  • Invest in mutual funds at your fingertips using HDFC Sky app.
  • Get experts-recommended best mutual fund schemes

 

Last Updated on 2023-11-09