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Three new Indian funds - October 2015

Our research suggests that there is strong demand for Indian funds managed by Indian fund groups, so I'm delighted to confirm the launch of three new funds managed by HDFC Asset Management.

Established in 1999, Mumbai based HDFC Asset Management is a 60:40 joint venture between HDFC Limited and Standard Life Investments Limited. HDFC is India’s largest fund group with more than $25 billion under management (Source: HDFC Asset Management as at 30 June 2015).

Download our fund guide

HDFC (EIFF) Equity Fund†

The HDFC (EIFF) Equity Fund focuses on large, growing and good quality companies, which are expected to benefit from rapid economic growth in India. The fund will appeal to those investors looking for a well-diversified core holding to add to their investment portfolio.

CodeCurrencyFE sectorRisk rating
L52USDEquity - IndiaGrade 5*

HDFC (EIFF) Mid Cap Opportunities Fund†

Historically, medium-sized companies have generated attractive returns for long-term investors. So, an investment in the HDFC (EIFF) Mid Cap Opportunities Fund should be considered by those investors prepared to tolerate more risk in return for stronger growth potential. The fund could also provide an element of diversification to a portfolio skewed towards larger companies.

CodeCurrencyFE sectorRisk rating
L54USDEquity - IndiaGrade 5*

HDFC (EIFF) Prudence Fund†

If a more balanced approach is preferable, with exposure to both equities and bonds, the HDFC (EIFF) Prudence Fund might be worthy of further consideration. Though the aim of the fund is to generate capital growth, the fund manager is also focused on minimising capital erosion over the long term.

CodeCurrencyFE sectorRisk rating
L53USDMixed Asset - CautiousGrade 5*


Improving growth prospects of the economy, improving margin outlook of corporates, likely lower interest rates and reasonable valuations lead to a positive outlook for equity markets over the medium to long term.

In our opinion therefore, there is merit in increasing allocation to equities (for those with a medium- to long-term view) in a phased manner and to stay invested. However, given the sharp rally in markets in the last year or so, it is not advisable to invest in markets with a short-term view.

HDFC Asset Management

Your customers can learn more about each fund in our fund guide.

Should you require any further information, please email your sales contact.

Philip Cernik
Head of Global Expatriate Propositions

† Please note that the HDFC funds cannot be directly accessed outside India, so our mirror funds will invest in the Emergent India Focus Funds. These funds are feeder funds and domiciled in Mauritius. They invest in the underlying HDFC funds.

There is no guarantee that each fund will achieve a positive return. These funds are not available for investment in Hong Kong or Singapore.

The securities held within a fund may not be denominated in the currency of that fund and, as a result, fund prices may rise and fall purely on account of exchange rate fluctuations. Your client may get back less than they have paid in.

*Grade 5 - These aggressive funds balance the risk of high volatility with the potential for high capital growth.