The procedures of investment through HDFC Mutual Fund are quite simple if you follow the correct ones. Proper planning of investment along with the help of a SIP calculator will be the best way to avail maximum benefits from HDFC Mutual Fund investments. We tried to take you through step-by-step procedures on how to invest in HDFC Mutual Fund in this guide.
Introduction of the Role of SIP Calculator in HDFC Mutual Fund: It is a must-have for your investment planning with HDFC Mutual Fund. A SIP calculator lets you see through and determine the following:
- Expected returns on investments.
- The monthly amount needed to create a specific target amount within a definite time frame.
- The Time needed to achieve your target amount.
Assume you want to save a specific sum for your child's education in 10 years, for example, ₹ 10 lakhs. You can then calculate your SIP month-to-month using the SIP calculator on the assumed rate of return.
Select the Right HDFC Mutual Fund Scheme: HDFC Mutual Fund schemes have been devised for various financial objectives. Identify your scheme, and identify your goal. HDFC Equity Funds are best suited for long-term wealth-generating investments with higher returns. HDFC Debt Funds are good for risk-averse stable investments. HDFC Hybrid Funds invest in a mix of both equity and debt to balance growth.
Plan HDFC Investment with a SIP Calculator: Now that you have shortlisted one scheme, the SIP calculator will help you through all the last steps to arrive at your recurring investment amount.
- How much you want to put in
- How much you're going to get back according to the history of how the fund performed?
- How long are you planning to invest?
Follow the KYC Process: Do the KYC process in order to invest in HDFC Mutual Fund.
- Submit PAN, Aadhaar, and address proof.
- Get the details verified through easy e-KYC.
- After getting verified proceed further.
Start a SIP in HDFC Mutual Fund: A SIP in HDFC Mutual Fund is helping investors invest in discipline. This is how it can be arranged:
- Log on to the official HDFC Mutual Fund website or a distributor platform.
- Select your preferred fund and investment amount.
- Choose the SIP option and select a specific date for the monthly instalment.
Why HDFC Mutual Fund is a Reputable Choice: The HDFC Mutual Fund has achieved recognition for performance and diversities in the spectrum of schemes. All types of investors, whether beginner or experienced, can look for their particular choices from HDFC. More potent choices are made by making smarter investment decisions using a SIP calculator.
Conclusion
It is easy to invest in HDFC Mutual Fund. And a very powerful tool for the achievement of all one's financial goals, and thus planning the investments by calculating it through the SIP calculator along with selecting the proper fund at the right time by using your needs will work well for you. A small starting point can yield a large corpus in the long run.
Start today to take the first step and take a closer look at HDFC mutual fund as an opportunity to secure your future.