As a first-time investor, if you want to start investing in Indian equities, a mutual fund is the best investment option for you. As every scheme is managed by professional experts, it helps beginners to kickstart their equity investment journey at less risk. Want to know how to do mutual fund investment with HDFC Sky? Here’s a complete guide on how to open HDFC Sky mutual fund account, what are the charges or brokerage fee, direct or regular plans available, how to start a SIP in a mutual fund scheme, HDFC Sky mutual fund app features, and a lot more.
HDFC Sky Mutual Fund Investment Features
HDFC Sky is a financial platform for all your trading and investing desires be it equity, derivatives, commodities, currencies, IPOs, mutual funds, and fixed-income investment instruments.
Check out the reasons why HDFC Sky is a great platform for mutual fund investment;
- Invest in 2000+ mutual funds across categories i.e., equity, debt, hybrid, and thematic/sectoral
- Mutual funds from 29+ fund houses are available
- Diversify and invest in the right mutual fund according to your risk profile
- Effortlessly track and manage your external mutual fund investment and get in-depth portfolio analysis conveniently
- Hassle-free mutual fund investment process
- Automate SIP investment or choose to invest lumpsum money
- Compare upto 5 mutual fund schemes at ease
- Get experts opinion and invest in top-rated mutual funds
- Set up a SWP (Systematic withdrawal plan) and STP (Systematic Transfer Plan)
HDFC Sky Mutual Fund Plans| Direct or Regular plan
Every mutual fund company provides direct and regular schemes.
Direct plans have less expense ratio than regular schemes and therefore, provide far better return over long-term period.
At HDFC Sky, you can only invest in regular mutual funds as the platform does not provide direct plans. Thus, HDFC Sky is not a broker for investors who are looking to invest in direct mutual funds.
HDFC Sky mutual fund brokerage
Zero brokerage, yes, HDFC Sky allows all users to invest in mutual funds for free. The broker has no mutual fund account opening fee, and also charges zero commission, and subscription fee.
A customer can either set an automated SIP in mutual funds or invest lump sum money.
How to start SIP in a mutual fund with the HDFC Sky app?
SIP is the most preferred method of investing in mutual funds as you can invest a small amount periodically like every month, every quarter, etc. SIP helps to systematically grow your investment over a period to accumulate good wealth.
Steps to do mutual fund SIP in HDFC Sky;
- Log in to the HDFC Sky App.
- Among thousands of schemes available, select the mutual fund scheme of your choice.
- Tap on start SIP option.
- Enter details like SIP amount, SIP date, and tenure of investment.
- Once done, place the SIP order.
- Pay the first SIP installment.
- Now, register bank mandate to automate your SIP deduction every month.
HDFC Sky mutual fund Research
HDFC Sky app provides the best mutual fund schemes. Investors can find the top rated mutual funds on the HDFC Sky app and start investment after matching their appetite.
Also, the app allows users to compare up to 5 mutual fund schemes like scheme AUM, return comparison, risk comparison, sector-wise allocation, top 10 holdings, and more.
HDFC Sky mutual fund app
HDFC Sky app is an all-in-one mobile app to invest in stocks, mutual funds, and US stocks. Invest in over 2000 mutual fund schemes across equity, debt, hybrid, solution-oriented, and thematic mutual funds. Also, NFO (New Fund Offers) are also offered on the HDFC Sky app for investment.
You can start a SIP in your favorite scheme or invest via lump sum. Other investment options like STP and SWP are also available on HDFC Sky platform.
HDFC Sky mutual fund app features;
- Wide range of mutual fund schemes available
- Invest in equity, debt, hybrid, solution-oriented, or sector/thematic funds from 29+ AMCs.
- Easy access to NFOs or upcoming mutual funds.
- Save tax by investing in ELSS equity linked tax saving schemes
- Set up a SIP, lumpsum, STP, or SWP in a scheme anytime anywhere.
- Invest in fund of funds (FOFs) and international funds and diversify your investment
- Automate your SIP investment with HDFC Sky app
- Multiple search filters based on fund house, category, risk, and rating parameters
- Track all your mutual fund investment including external investment at one place with HDFC Sky.
- Invest in expert recommended top-rated mutual fund schemes.
- Fund comparison feature helps you select the best scheme for investment.
