The mutual fund industry has been through various phases and experienced many changes since its inception. Though the objective remained the same, i.e., to achieve new heights in terms of expansion. Today, it has managed to become on one of the most trending industries in India. It is because of a large number of people entering into this world with the aim to generate interest on their investments. In this write-up, we will talk about HDFC Mutual Fund, one of the Asset Management Companies (AMCs) of India which has contributed a good part to the growth of the overall mutual fund industry. It has excellently provided strong support in the upliftment of the MF industry in India. Established in the year 2000, it has been offering significant returns to the investors on their investments since then.
HDFC Mutual Funds are categorised into various types based on the financial requirements of the potential investors. It is one of the reasons which grabs the attraction of the investors to invest in the schemes of this fund house, that it has multiple categories of schemes so that the investors do not need to go anywhere else for meeting different financial requirements.
Some of the Major Financial Goals That You Can Achieve by Investing in HDFC Mutual Funds Include:
Short-Term Monetary Goal: If you have any objective of creating short-term wealth, then you can attain it by investing in the suitable schemes of HDFC Mutual Funds. There are various kinds which are specially designed to attain short-term financial goals. The financial goals such as marriage ceremony, education fees, buying a car, etc., can be achieved by investing in those funds. Basically, the debt funds serve to this kind of requirements.
Long-Term Financial Objectives: There are also equity funds which are primarily known for long-term wealth creation. The objectives like retirement or earning wealth can be achieved by investing in equity category of mutual funds. The equity market is the only one which has witnessed excellent flocking of investments in recent years. It is also known as the king of the mutual fund industry. So, you can attain all your long-term investment objectives by investing in this category.
Tax Saving: Among the many financial objectives of the individuals, the most prominent one is tax saving. No one wants to fail in tax planning. There are various options available which help you to proceed with your tax saving plan efficiently, but the ELSS category of HDFC Mutual Fund helps you to go a long way toward tax savings along with providing you with the benefits of equity investments. HDFC Tax Saver is entitled to provide the tax benefits of up to Rs. 1.5 lakh on the total taxable income under section 80C of the Income Tax Act of India, 1961.
Not only the benefits as mentioned above, but you can avail several other advantages by investing in the various categories of HDFC Mutual Funds. So, get them all. You can check more about them online on our portal, i.e., MySIPonline, and start investing in them today to grab higher returns in the long run.
HDFC Mutual Funds are categorised into various types based on the financial requirements of the potential investors. It is one of the reasons which grabs the attraction of the investors to invest in the schemes of this fund house, that it has multiple categories of schemes so that the investors do not need to go anywhere else for meeting different financial requirements.
Some of the Major Financial Goals That You Can Achieve by Investing in HDFC Mutual Funds Include:
Short-Term Monetary Goal: If you have any objective of creating short-term wealth, then you can attain it by investing in the suitable schemes of HDFC Mutual Funds. There are various kinds which are specially designed to attain short-term financial goals. The financial goals such as marriage ceremony, education fees, buying a car, etc., can be achieved by investing in those funds. Basically, the debt funds serve to this kind of requirements.
Long-Term Financial Objectives: There are also equity funds which are primarily known for long-term wealth creation. The objectives like retirement or earning wealth can be achieved by investing in equity category of mutual funds. The equity market is the only one which has witnessed excellent flocking of investments in recent years. It is also known as the king of the mutual fund industry. So, you can attain all your long-term investment objectives by investing in this category.
Tax Saving: Among the many financial objectives of the individuals, the most prominent one is tax saving. No one wants to fail in tax planning. There are various options available which help you to proceed with your tax saving plan efficiently, but the ELSS category of HDFC Mutual Fund helps you to go a long way toward tax savings along with providing you with the benefits of equity investments. HDFC Tax Saver is entitled to provide the tax benefits of up to Rs. 1.5 lakh on the total taxable income under section 80C of the Income Tax Act of India, 1961.
Not only the benefits as mentioned above, but you can avail several other advantages by investing in the various categories of HDFC Mutual Funds. So, get them all. You can check more about them online on our portal, i.e., MySIPonline, and start investing in them today to grab higher returns in the long run.
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