HDFC Asset was founded in 1999 and they say they are the largest and most profitable investment company in India with 3.5 Trillion. More than a quarter of the investors in India have invested in this company. In other words, it is a very experienced and reliable company.
What does HDFC Asset Management Company Limited offer you regarding funds?
For example, they have created 2 special funds for retirement. Their names are;
- HDFC Retirement Savings Fund – Hybrid Equity Plan
- HDFC Retirement Savings Fund Equity Plan.
They focus on tax savings and retirement. You invest in these funds for 5 years or how long until retirement.
They have a fund called the HDFC Children’s Gift Fund, and it aims to invest in children until they are of age. So you can give your child to him or use it for his or her expenses.
They offer 3 different funds under the Regular income heading. Their names are as follows;
- HDFC Hybrid Debt Fund
- HDFC Income Fund
- HDFC Ultra Short Term Fund.
The purpose of these funds is to ensure you have a regular income. One fund is limited to 3 to 6 months, while the other is limited to 4 years to 7 years.
HDFC Asset Management Company Limited
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Pros
- Offers investment training
- Offers strong risk management team
Cons
- Does not offer a separate investment card
- Does not have benefits such as life insurance
