HDFC Mutual Fund: Top Schemes, Returns & SIP Guide

HDFC Asset Management Company (HDFC Mutual Fund) is the largest mutual fund and the largest actively managed equity mutual fund in India, and one of the country's most profitable AMCs. With ₹9,86,236.84 crore in total AUM spread across 87 schemes, it runs 210 branches in over 200 cities and serves more than 75,000 empanelled distribution partners.

Key takeaways

• HDFC Mutual Fund manages ₹9,86,236.84 crore (approximately ₹9.86 lakh crore) in AUM across 87 schemes.
• Incorporated on 10 December 1999, the AMC received SEBI approval on 30 June 2000.
• It is the largest mutual fund and the largest actively managed equity mutual fund in India.
• The fund range spans equity, hybrid, debt, ELSS (tax-saving), gold ETF, and goal-based categories.
• The HDFC Mid Cap Fund delivered a 5-year return of 19.77%, while the HDFC Gold ETF posted a 1-year return of 44.11%.

About HDFC Mutual Fund

HDFC Asset Management Company Ltd. was incorporated on 10 December 1999 and has been operating for 26 years. SEBI granted approval to act as an AMC on 30 June 2000, under registration number MF/044/00/6. Since 18 September 2016, the company has also offered portfolio management and non-binding investment advisory services under SEBI registration code PM/INP000000506.

The fund house is sponsored by HDFC Ltd. and Abrdn Investment Management Limited (AIML), formerly known as Standard Life Investments. The trustee organisation is HDFC Trustee Company Ltd., chaired by Mr. Vimal Bhandari. The MD and CEO is Mr. Navneet Munot, with Chirag Setalvad heading equities and Shobhit Mehrotra heading fixed income.

The AMC is headquartered at "HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai 400020. Its 210-branch network spans more than 200 cities across India.

Top 10 HDFC Mutual Fund Schemes Ranked by Invo Wealth

The table below lists the top 10 HDFC Mutual Fund schemes ranked by Invo Wealth's internal quality score, with underlying return figures for each.

Performance data as of 5 September 2026.

Standout Performers

• HDFC Gold ETF delivered a 1-year return of 44.11% and a 3-year return of 36.13%, with the highest Sortino ratio in this group at 1.77. Its volatility stands at 23.64%.
• HDFC Mid Cap Fund posted 3-year returns of 18.09% and 5-year returns of 19.77%, among the stronger performers in the equity segment.
• HDFC Flexi Cap Fund (3Y: 15.64%, 5Y: 17.10%) and HDFC Focused Fund (3Y: 14.97%, 5Y: 17.33%) offer broad equity exposure with comparable long-term performance.
• HDFC Balanced Advantage Fund suits conservative equity investors, with a max drawdown of -10.31% and volatility of 11.86%.
• HDFC Floating Interest Rates Fund is the standout debt option here, with volatility of just 0.84% and a max drawdown of only -0.36%.

Risk Comparison Across Top HDFC Funds

How to Invest in HDFC Mutual Fund

You can start a SIP directly through the HDFC Mutual Fund website, or through any online investment platform or mobile application. Sign up on Invo Wealth for complete portfolio insights and to invest in mutual funds suited to your financial goals.

When planning your SIP, factor in your monthly investment amount, the SIP tenure, the number of existing HDFC Mutual Fund SIPs already running, and your expected rate of return. To grow your contribution over time, use the step-up (or top-up) SIP facility — most fund houses now offer it, though it is advisable to confirm availability with HDFC Mutual Fund before activating it.

Conclusion

HDFC Mutual Fund's position as India's largest mutual fund is backed by ₹9,86,236.84 crore in AUM, 87 schemes, and a 210-branch network spanning over 200 cities. Its top-ranked funds cover equity, hybrid, debt, gold, and goal-based categories, offering options across a wide range of risk profiles and financial objectives.