How to invest in Top Rated funds
24 May, 2024
Synopsis
HDFC Bank SmartWealth uses your investment objectives and past performance data to recommend top-rated funds. Plus, you can invest in these recommended funds with zero paperwork for a hassle-free experience.
You can quickly refine your search for the ideal mutual fund. The HDFC Bank SmartWealth App lets you filter and sort by Asset Management Company (AMC), Investment Type (Equity, Debt, Hybrid, Commodities), and Scheme Option.
Friends Tia and Sanaya were unwinding at Tia's place after a long week and sipping coffee on the balcony.
Tia: You know, Sanaya, I've been thinking of investing in well-performing financial instruments. But honestly, I don't know where to start from. There are so many options - stocks, mutual funds, gold, bond, etc. and it's so confusing to me!
Sanaya: Got you, I was in the same boat earlier when I started my investment journey. But let me tell you, the HDFC Bank SmartWealth app made the invest process so smooth for me.
"SmartWealth app? This is the first time I've heard of it!" said a surprised Tia.
Sanaya: It's a mutual fund investment platform powered by HDFC Bank. I downloaded it on my phone and was amazed at how user-friendly it is!
Tia was intrigued. "Amazing! Tell me how to invest in top rated funds, maybe I'll check it out too."
Sanaya: For sure! So HDFC Bank SmartWealth lists top-rated funds based on their past performance and your investment profile. The best part? You can invest in top rated funds with zero paperwork.
Tia: Wow, that sounds super convenient! But how do you choose top-performing funds?
Sanaya: You just have to follow these simple steps with HDFC Bank SmartWealth to select the top-rated mutual fund based on your investment objectives and investment appetite:
After registering on the SmartWealth app, go to "Explore & Invest under “Discover" section
Choose "Top Rated Funds"
Search funds or browse hundreds of options
You can also easily sort and filter basis –
AMC
Equity
Scheme Option
Debt
Hybrid
Commodities
Select a fund and check past performance & risk in the "Analytics" section
Click "Add to Cart" and start investing!
Tia: That's it, amazing! Having all that data in one place to compare and shortlist must simplify decision-making.
Sanaya: Yup! It's the smoothest investment experience I've had. And the SmartWealth recommendations engine also suggests top funds aligned with my financial dreams.
Tia: Thanks so much for walking me through this, Sanaya! I'll download the SmartWealth app today and explore top funds to start with.
The two friends spent the rest of the evening chatting about finances, investments and planning for the future. Sanaya's experience had motivated Tia, now she was feeling confident to take charge of her money finally.
FAQs
What is a 5-star mutual fund?
The rating for mutual funds ranges from one to five stars, where one star indicates the lowest performer and a five-star rating signifies the best performer. Various entities like CRISIL, Morningstar, Value Research, and ICRA are actively working on these ratings.
Is it better to invest directly or in mutual funds?
Direct stock market investments offer you control and the potential for higher returns, but they also bring increased risk and require diligent research. On the other hand, mutual funds offer professional management, diversification, and convenience, making them an attractive option for many investors.
What Does the label ‘Recommended’ mean?
Under each mini tile of the Explore and Invest section, mutual funds recommended by HDFC Bank Research Team are tagged as “Recommended”. Further, under Top rated funds – only all recommended funds are displayed.
What are some tips to invest in top rated funds?
Align your financial aspirations and investment appetite with fund strategy.
Research: beyond ratings, check fees & consistency.
Diversify across asset classes & fund types.
Start small, invest regularly, & rebalance.
Be patient and avoid short term trends.
Disclaimer: This communication has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. HDFC Bank Limited ("HDFC Bank") does not warrant its completeness and accuracy. This information is not intended as an offer or solicitation for the purchase or sale of any financial instrument / units of Mutual Fund. Recipients of this information should rely on their own investigations and take their own professional advice. Neither HDFC Bank nor any of its employees shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way from the information contained in this material. HDFC Bank and its affiliates, officers, directors, key managerial persons and employees, including persons involved in the preparation or issuance of this material may, from time to time, have investments / positions in Mutual Funds / schemes referred in the document. HDFC Bank may at any time solicit or provide commercial banking, credit or other services to the Mutual Funds / AMCs referred to herein.
Accordingly, information may be available to HDFC Bank, which is not reflected in this material, and HDFC Bank may have acted upon or used the information prior to, or immediately following its publication. HDFC Bank neither guarantees nor makes any representations or warranties, express or implied, with respect to the fairness, correctness, accuracy, adequacy, reasonableness, viability for any particular purpose or completeness of the information and views. Further, HDFC Bank disclaims all liability in relation to use of data or information used in this report which is sourced from third parties.
HDFC Bank is a AMFI-registered Mutual Fund Distributor & a Corporate Agent for Insurance products.
