Choosing the best mutual fund scheme is a challenging task that requires you to do proper research before you invest. The selection of the right mutual fund for your needs and risk appetite relies on many parameters. Mutual fund investing requires you to first identify your goals, understand your risk appetite and then do a comparison to arrive at the right decision.
Mutual fund selection cannot just be done based on the popularity of the asset management company or the fund house. There are many other criteria to be taken into account to make the right mutual fund choice. ETmoney offers you all the mutual fund schemes of all top fund houses with extensive details of each scheme. If you are investing for five years and more, you can consider investing in equity funds offered by some of the top AMCs as equity has the potential to deliver higher returns over the long run. SBI mutual fund and HDFC mutual fund are two of the top players in the Indian mutual fund market in terms of assets under management. How can you select the best mutual funds from these two companies? Let’s take a look!
SBI MF Vs HDFC MF
Let’s compare these two top asset management companies on various parameters. However, investment decisions should be made based on your goal and risk appetite, not simply by choosing the funds of top companies. Scheme to scheme comparison is also important. Let’s compare SBI mutual funds and HDFC mutual funds based on some key parameters:
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Assets Under Management
The total asset under management of the SBI mutual fund is INR 6,33,590 crores as of 30th November 2021. Total asset under management of HDFC mutual fund as of 30th November 2021 stands at INR 4,50,346 crores. Both the fund houses offer a variety of schemes in each fund category. SBI MF offers more than 140 schemes and HDFC MF offers more than 80 mutual fund schemes.
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Investment style
Both SBI MF and HDFC MF follow various investment styles depending on the scheme is designed each with different objectives. Both the fund houses have maintained their top position with their strong distribution network, a team of experts, consistency in performance over the years, and a variety of scheme offerings suitable for every type of investor. Your fund selection should be based on its suitability to your individual investment style, risk appetite, and goals.
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Past performance
Both SBI MF and HDFC MF offer a variety of funds that have consistently performed well over the last five years. Here, ETmoney has listed out some of the top performers from each of these mutual fund houses. Let’s take a look at the scheme’s performance and the cost involved with it.
Performance – SBI MF Vs HDFC MF
Though, past performances are the indication of the future return. You can evaluate funds by considering the consistency in the performance. Your fund selection should not be specific to top mutual fund companies like SBI mutual fund, HDFC mutual fund, or ICICI Prudential mutual fund. It should be based on fund suitability to your goals and risk profile. When you are investing for five years and more, you need to make the right choice of funds based on parameters like investing style, type of fund, degree of risk involved, performance track record, and cost-effectiveness.
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