How to Invest in HDFC Funds

HDFC Mutual Funds

HDFC Mutual Fund has left no stone unturned to cater to investors from all walks of life. Be it any financial goal – long-term, short-term, retirement, tax-saving and so on – HDFC has that plan for you. Majority of the mutual fund products they offer have CRISIL ratings of 3 and more. Investors from any income background have a gamut of choice in every asset classes and risk profile. In fact, the risk factor of the products range from very low to high. Investors can choose as per their risk appetite.For instance, In short, ELSS funds have made it easier for investors to define their financial goals – available in both close-ended and open-ended funds.

2. How to invest in HDFC Funds

It is easier than ever to shortlist any HDFC mutual fund product and invest. ClearTax has always been a reliable platform to find hand-picked funds that suit your investment purpose and risk profile. Now, you can also select any product from a particular fund house (say, an HDFC mutual fund) from ClearTax Save portal. One of the advantages of going through us is, you need to do your KYC formalities only once. The entire investment process will take no more than 7 minutes.

ClearTax gives you a quick and seamless process in 3 steps.

Step 1: Click on the fund(s) and enter how much you want to invest monthly/quarterly/annually

Step 2: Fill in your personal info in respective columns

Step 3: Pay online by card or NetBanking – the entire process takes less than 7 minutes

3. KYC process through ClearTax

Money laundering and corruption can cripple the economy and the stability of our country. Here, Know Your Customer (KYC) and In-Person Verification (IPV) can help a financial institution significantly. However, ClearTax doesn’t believe in inconveniencing their investors. So they have enabled a way to do KYC in a quick and simple way. What’s more, if investing via ClearTax Save, investor needs to do it only once for their first investment.

Know Your Customer or KYC process is a government and RBI mandate for all financial institutions, including AMCs. If you are investing via ClearTax, you need to do it only once. We will simply retrieve the KYC details for all future investments.

ClearTax has made KYC verification an instant and simple process as mentioned below.

We have an Aadhaar-based KYC in which you enter the OTP sent to your Aadhaar-registered mobile numberYou may also upload the scanned copies of your documents on our ClearTax Save portal

4. Documents required to invest via ClearTax

ID Proofs: You can submit Xerox copy of PAN Card, Passport, Aadhaar Card, Voter ID or Driving License. Other central government approved documents like NREGA job card are also accepted.

Residential proofs: You can submit the same ID proof (except PAN), if the address on it is your current residential address. Rental/lease agreement, most utility bill and ration card can also serve the purpose. If your permanent address and correspondence address are not the same, then submit proof for both.

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