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HDFC Securities Mutual Fund Investment 2023

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HDFC Securities Ltd Mutual Fund Investment
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  • HDFC Securities Ltd offers mutual fund investment facility. You can open a free mutual fund account with HDFC Securities Digify just by entering your mobile number or e-mail id. You can open a mutual fund account instantly with the broker as the account opening process is completely online. The broker only offers regular mutual funds and don’t offer direct mutual funds to clients. HDFC Securities has tie-up with 30+ AMCs and provides you the facility to invest in equity, debt, hybrid or ELSS schemes through multiple investment options i.e. SIP, lumpsum, STP, and SWP as well. The broker further offers free mutual fund research to assist clients to make smart investment decisions.

    How to open HDFC Securities Mutual Fund Account?

    To open HDFC securities free mutual fund account, follow the below-mentioned process:

    • Provide registration details.
    • Enter the OTP received on your mobile number and e-mail address.
    • Enter PAN card number and click on proceed.
    • Enter Bank details and PAN to check whether you’re a KYC compliant or not.
    • Check auto-uploaded FATCA and Compliance questionnaire fields and proceed with it.

    HDFC Securities mutual fund charges

      HDFC securities mutual fund charges are nil because the broker offers free mutual fund account to clients at zero account opening charges.

    HDFC Securities mutual fund brokerage

      HDFC Securities does not charge any brokerage on mutual fund transactions. However, you have to pay Securities Transaction Tax (STT) at 0.001% on redemption proceed.

    Investment in Mutual Fund with HDFC Securities

      There are multiple ways through which, you can invest in mutual funds with HDFC securities that are discussed below:

    Investment in mutual funds with Digify

    The key advantage of digify trading platform is you don’t need to have trading as well as demat account to invest in mutual funds.

    • Login your mutual fund account.
    • Under Make Investment Tab, select the scheme you want to invest in.
    • Enter details such as investment mode, amount, period, folio etc. and click on proceed.
    • If you want to invest in dividend schemes, then select the dividend option whether payout or reinvest.
    • Confirm and submit the order.
    • You can check your mutual fund investment in the portfolio tab, that reflects your current value, growth value, total profit/loss, asset allocation, and other details.

    Investment in mutual funds with HDFC InvestNow

    You can also invest in mutual funds with HDFC Bank net banking facility. InvestNow is the MF investment platform, where experts give recommendations based on your financial goal and risk appetite thus, you can invest in the best mutual funds. The platform is a quite simple, easy and convenient way to invest in mutual funds. The key benefit with the platform is users don’t need to pay any registration charges to invest in mutual funds with InvestNow.

    • Log into HDFC net banking account.
    • Click on the mutual fund tab and then click on InvestNow banner.
    • Select the scheme and enter details.
    • Submit the order request.
    • The purchased mutual fund units will be reflected to your account.
    • Under the portfolio tab, you can check your mutual fund holdings.
    • Under the Reports tab,

    Benefits of mutual fund investment with HDFC Securities

    • A plethora of schemes as the broker has tie-up with 30+ leading AMCs.
    • Multiple modes of investment such as SIP, lumpsum, STP, and SWP.
    • You can open a free mutual fund account with HDFC Securities Digify.
    • Schemes from different assets such as equity, debt, and hybrid.
    • Investment with Digify, mutual fund investment platform does not require demat and trading account.
    • Hassle-free online investment as only PAN no. and bank account credentials are required.
    • Portfolio tracking & monitoring services.
    • Free mutual fund research – Lumpsum Reckoner, SIP Reckoner, and MF Scheme Analysis Reports.
    • Online and offline transaction facility.
    • You can place transactions anytime (24*7), anywhere.
    • Smart virtual assistance facility, Arya to open account on Digify.

    HDFC Securities Mutual Fund calculator

    The broker has a number of mutual fund calculators such as MF Return Calculator, MF SIP Calculator, and MF Lumpsum Calculator that are discussed further hereunder:

    1. HDFC Securities Lumpsum Calculator: This is particularly for investors preferring the lumpsum investment route. As every client has different goals such as tenure, risk appetite etc. therefore, the calculator helps you to find out your investment growth value. You just need to enter your investment amount, tenure and risk tolerance capacity whether conservative, moderate or aggressive and click on proceed, then, the calculator will present projected growth value and also recommend schemes from the HDFC securities ready reckoner.
    2. Click here to use HDFC Securities Lumpsum Calculator

    3. HDFC Securities SIP Calculator:Investors who prefer systematic investing at scheduled intervals can choose this calculator to find out an expected return. Likewise, lumpsum calculator, this calculator also requires entering fields such as monthly investment amount, tenure and risk behavior thereafter, it will show you expected maturity value and ready reckoner suggest schemes for investment.
    4. Click here to use HDFC Securities SIP Calculator

    5. HDFC Securities MF Return Calculator: This calculator is used to determine the returns earned on a particular scheme during the specified period. You have to enter investment mode (SIP or lumpsum), amount, scheme name, and period, and the calculator will show you the return earned.

      Click here to use HDFC Securities MF Return Calculator

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    Reference Topics

    HDFC Mutual Fund Charges

    FAQs

    Yes, HDFC Securities provides free mutual fund account opening facility. Digify is the Mutual Funds investment platform of the broker where one can open a free mutual fund account. Clients can only invest in regular mutual funds with the broker because direct funds aren’t available.

     

    Yes, you can invest in New Fund Offer (NFO) with HDFC Securities. NFO is the first time offerings of any scheme by the asset management company. In other words, whenever any AMC launches a new fund then at the first time, it comes in the form of NFO.

     

    HDFC Securities doesn’t charge any brokerage on mutual fund investment. Clients can open a free mutual fund account on Digify investment platform to invest in regular mutual funds. Although there is no brokerage but Securities Transaction Tax (STT) of Rs. 0.001% is levied.

     

    No. HDFC Securities is partnered with 30+ mutual fund companies where you can invest only in the regular plans. No direct plans are offered by the broker.

    However, you can buy HDFC AMC’s direct plan from HDFC Securities.

     

    Any HDFC Securities client can cancel SIP online using login and password. They can also cancel, modify, or pause instructions by calling Customer care and by placing a request with them. To remove pause and to restart SIP, clients have to inform HDFC Securities customer service.

     

    Any client of HDFC Securities can redeem mutual funds from its trading platform mPowered or Call N Trade. After your redemption call, you can get the money in your bank account within 3 working days (in case of equity MFs) and 1 working day (in case of debt funds).

     

    Last Updated on 2022-08-08