HDFC Mutual Fund was established in 1999 as a joint venture between HDFC Limited and abrdn Investment Management Limited. HDFC Mutual fund is managed by HDFC Asset Management Company Limited and is one of the largest mutual fund houses in India. HDFC Mutual Fund offers mutual fund investment opportunities for both resident Indians and Non-residential Indians (NRIs). In this article, we take a look at a comprehensive overview of HDFC Mutual Fund for NRIs, different schemes, NAV, performance, and more.
Also read:
Tata Mutual Fund for NRIs – A Comprehensive Overview of Schemes, NAV, and Performance
UTI Mutual Fund for NRIs – A Comprehensive Overview of Schemes, NAV, and Performance
Overview of HDFC Mutual Fund for NRIs
HDFC Asset Management Company Limited has over Rs 4,50,000 crore approx. Assets under Management (AUM) stand at 11% of the mutual fund industry AUM. HDFC Fund House became a publicly traded company after listing on the stock exchange in August 2018. It offers around 108 mutual fund schemes across equity-oriented funds, debt funds, hybrid funds, and others, i.e. ETFs, FoFs, and more with an active customer base of approximately 10 million investors.
Also Read: How NRI invest in India: Mutual Funds
Can NRIs invest in HDFC Mutual Funds?
Yes, NRIs can easily invest in HDFC mutual funds after getting their Mutual Fund KYC done and linked to their NRO/NRE Bank accounts. They can invest in various mutual fund schemes and generate good returns in the long term. This helps NRIs to build a fund that can match their investment goals and secure their future for any long-term financial needs.
The FEMA Act, RBI rules, and SEBI guidelines govern the rules and regulations regarding NRI investments in mutual funds which is why it has a slightly different procedure than that of resident individuals. Keeping in check with the FEMA Act, the funds on offer for NRIs from the US & Canada to NRIs from other countries may sometimes vary.
Also read: Best Mutual Funds for NRI in India 2023
How can NRIs invest in HDFC Asset Management Company Limited?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any – Water/electricity bills, postpaid mobile/internet bills, rent agreements, driving licenses, etc.
- Passport – front and back
- Passport size photograph
- Signature
- Onboarding: After KYC, you need to share the following details to complete the onboarding process and start investing in HDFC Asset Management Company Limited
- Onboarding: After KYC, you need to share the following details to complete the onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the last 3 months
- Nominee details
Top 10 Performing HDFC Equity Mutual Funds for NRIs
| Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | 3 YR |
| HDFC Small Cap Fund Growth for NRI | 22,560 Cr | 1.6% | 105.85 | 36.62% | 39.80% |
| HDFC Mid-Cap Opportunities Fund Growth for NRI | 47,236 Cr | 1.5% | 131.48 | 31.41% | 33.67% |
| HDFC Infrastructure Fund Growth for NRI | 856 Cr | 2.4% | 32.29 | 41.34% | 43.07% |
| HDFC Retirement Savings Fund – Equity Plan – Plan for NRI | 3,656 Cr | 1.9% | 37.65 | 24.03% | 29.66% |
| HDFC Large and Mid Cap Fund Growth for NRI | 11,198 Cr | 1.8% | 328.94 | 24.69% | 31.21% |
| HDFC Focused 30 Fund Growth for NRI | 6,166 Cr | 1.8% | 153.56 | 19.80% | 32.13% |
| HDFC Flexi Cap Fund Growth for NRI | 38,668 Cr | 1.6% | 1329.05 | 22.04% | 32.49% |
| HDFC Housing Opportunities Fund Growth for NRI | 1,154 Cr | 2.3% | 16.73 | 27.78% | 29.07% |
| HDFC Capital Builder Value Fund Growth for NRI | 5,684 Cr | 1.9% | 514.48 | 17.44% | 23.50% |
| HDFC Top 100 Fund Growth for NRI | 25,423 Cr | 1.7% | 1064.97 | 20.97% | 25.88% |
Also read: Best Equity Mutual Funds for NRIs to Invest in 2023
Top 5 Performing HDFC Debt Mutual Funds for NRIs
| Fund Name*Returns as of 8-Oct-2023Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | 3 YR |
| HDFC Credit Risk Debt Fund Growth Option for NRI | 8,395 Cr | 1.6% | 20.95 | 6.51% | 6.46% |
| HDFC Medium Term Debt Fund Growth for NRI | 4,316 Cr | 1.3% | 48.98 | 6.65% | 5.31% |
| HDFC Floating Rate Debt – Plan – Growth for NRI | 18,358 Cr | 0.5% | 43.50 | 7.44% | 5.64% |
| HDFC Corporate Bond Growth for NRI | 27,211 Cr | 0.6% | 28.23 | 7.17% | 5.13% |
| HDFC Short Term Debt Fund Growth for NRI | 12,407 Cr | 0.7% | 27.76% | 6.86% | 5.01% |
Also read: Best Debt Mutual Funds in India 2023 for Residents and NRIs
Top 5 Performing HDFC Hybrid Mutual Funds for NRIs
| Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | 3 YR |
| HDFC Balanced Advantage Fund Growth for NRI | 61,599 Cr | 1.5% | 382.88 | 23.98% | 29.28% |
| HDFC Retirement Savings Fund – Hybrid Equity Plan – Plan for NRI | 1,139 Cr | 2.2% | 30.36 | 19.23% | 20.39% |
| HDFC Hybrid Equity Fund Growth for NRI | 20,789 Cr | 1.7% | 95.19 | 16.09% | 21.25% |
| HDFC Multi – Asset Growth for NRI | 1,913 Cr | 2.1% | 54.35 | 12.19% | 14.73% |
| HDFC Equity Savings Fund Growth for NRI | 2,978 Cr | 2.0% | 54.58 | 10.33% | 13.89% |
Also read: Best SIP to Invest in 2023 – Top 10 SIP Mutual Fund Plans for NRIs
Top Performing HDFC Tax Savings Mutual Funds for NRIs
| Fund Name | Fund Size (In Crores) | Expense Ratio | Current NAV (INR) | 1 YR | 3 YR |
| HDFC TaxSaver Growth for NRI | 11,286 Cr | 1.8% | 2258.56 | 20.43% | 27.08% |
Also read: List of Top Performing Liquid Funds for NRIs in 2023
Customer Care Details
For any query regarding any schemes offered by HDFC Mutual Fund for NRIs, you can contact the following address:
- Registered Address: “HDFC House”, 2nd Floor, H. T. Parekh Marg, 165-166, Backbay, Reclamation, Churchgate, Mumbai – 400020. Branch Timing (9 am – 6 pm)
- Phone no: 1800-3010-6767/ 1800-419-7676
- Email: [email protected]
How to Invest in HDFC Mutual Funds as NRI?
NRIs can now download the SBNRI App and choose to invest in different mutual fund schemes from HDFC Asset Management Company Limited in India with ease. You can also get detailed investment advice from experts at SBNRI. Also, visit our blog and YouTube channel for more details.
SBNRI is an authorized Mutual Fund Distributor platform & registered with the Association of Mutual Funds in India (AMFI). ARN No. 246671. NRIs willing to invest in mutual funds in India can download the SBNRI App to choose from 2,000+ mutual fund schemes or can connect with the SBNRI wealth team to better understand Mutual Fund investments.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. SBNRI does not intend to predict future returns, please read all related documents before investing.
FAQs
Can NRIs invest in HDFC Asset Management Company Limited Mutual Funds?
- Yes, NRIs can invest in HDFC Asset Management Company Limited Mutual Funds on a full repatriation and non-repatriation basis as long as they adhere to the Foreign Exchange Management Act (FEMA) guidelines. NRIs need to complete the KYC to invest in mutual funds in India.
How can NRI buy Mutual Funds from HDFC Asset Management Company Limited?
- Step 1: Set up an NRI Account: As per FEMA guidelines, after attaining the NRI status, you can’t park your money in a regular resident savings account in India and need to open an NRE or NRO account. Once the account is activated, you can start investing.
- Step 2: Get Your KYC Done: You need to complete the KYC process before starting investment in HDFC mutual funds for NRIs in India.
Are HDFC Mutual Fund’s schemes safe to invest in?
- Mutual funds are subject to market conditions and all market-linked investments come with a degree of risk. However, you can choose from low-risk to high-risk mutual funds to invest in as per your risk appetite and investing goals.
Which HDFC Mutual Fund scheme is best for the short term?
- Generally, a short-term investment is ideal for up to 3 years. If you are planning short-term investment, consider HDFC Mutual fund debt funds for NRIs. If your investment is up to three months, HDFC Mutual Fund liquid funds for NRIs are ideal for you.
What is the taxation on HDFC Debt Mutual Funds?
- The debt mutual fund tax has been changed with effect from April 1, 2023, after the Budget 2023 brought certain amendments. Debt mutual funds will no longer be allowed to avail of indexation benefits from FY 23-24. Any gains made on debt mutual funds investment will now attract taxation on applicable slab rates of the investor’s income bracket.
What are Debt funds vs. Equity Funds?
- Debt funds are mutual funds that invest money into fixed-income securities, corporate bonds, treasury bills, commercial papers, and more. On the other hand equity funds invest the money into stocks/shares of the company.
Are HDFC debt mutual funds safer than HDFC equity mutual funds?
- Debt funds invest in fixed-income securities, corporate bonds, treasury bills, commercial papers, and more while equity funds invest in stocks/shares of the company. This makes debt funds a relatively safer option as an investment than equity funds.
Are HDFC equity mutual funds safer for NRIs?
- Equity mutual funds have high volatility and can be risky for investors. However, overseeing the returns generated by equity mutual funds for the past 15 years, these funds can be a great investment vehicle and offer great wealth-generation opportunities for NRIs.
Is HDFC equity mutual funds safer than FD?
- Fixed deposits have a risk-free fixed income and are safer than equity mutual funds. However, as per the returns and growth opportunity, equity mutual funds look to be a better investment option for investors, residents, and NRIs alike.
What is the HDFC liquid fund taxation for NRI?
- NRIs are liable to pay taxes on the capital gain earned from Liquid funds. The short-term capital gains for sell of liquid funds for a period under 3 years of holding are taxed at investor’s slab rates. After the Budget 2023 amendments, long-term capital gains won’t enjoy any indexation benefit and will be charged as per the investor’s slab rates removing the LTCG benefits altogether.
Can I invest from the USA in the HDFC Mutual Fund?
- Yes an NRI can invest from the USA in India in various mutual fund schemes offered by HDFC Mutual Funds for NRIs provided it complies with the FEMA Act, RBI guidelines, and SEBI guidelines.
Can NRI invest in SIP in HDFC Mutual Fund in India?
- Yes, an NRI can invest in India through the SIP route in HDFC Mutual Fund for NRIs Schemes. SIP stands for Systematic Investment Plan.
