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Investment Objective
The investment objective of HDFC High Interest Fund is to generate income by investing in a range of debt and money market instruments of various maturity dates with a view to maximising income while maintaining the optimum balance of yield, safety and liquidity.   

Basic Scheme Information
Nature of Scheme Open Ended Income Scheme
Inception Date April 28, 1997
Option/Plan

Existing Plan : Growth Option,Quarterly Dividend Option,Half Yearly Dividend Option,Yearly Dividend Option. Dividend Option offers payout and reinvestment facility.

Direct Plan (w.e.f. 01 Jan 2013) : Growth Option,Quarterly Dividend Option,Half Yearly Dividend Option,Yearly Dividend Option. Dividend Option offers payout and reinvestment facility.

Entry Load
(For Lumpsum Purchases and investments through SIP/STP)
NIL
Unfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors' assessment of various factors including the service rendered by the ARN Holder.

Please click here to go through the addendum.
Exit Load
(as a % of the Applicable NAV)
  • In respect of each purchase / switch - in of units, an exit load of 0.50% is payable if units are redeemed / switched out within 3 months from the date of allotment.
  • No exit load is payable if units are redeemed / switched - out after 3 months from the date of allotment.
  • Introduction of Direct Plan - modification in the Exit Load provisions, click here to read.

Please click here to go through the addendum
Minimum Application Amount
(click here for SIP Details)
For new investors :Rs.5000 and any amount thereafter.
For existing investors : Rs. 1000 and any amount thereafter.
Lock-In-Period Nil
Net Asset Value Periodicity Every Business Day.
Redemption Proceeds Normally dispatched within 3-4 Business days
Tax Benefits
(As per present Laws)
Please click for details
Current Expense Ratio (#)
(Effective Date 3rd October 2012)
1.52%

Excluding Service Tax on Investment Management Fees, if any. 

Direct Plan shall have a lower expense ratio by 0.57%.

(#) Any change in the expense ratio will be updated within two working days.



Plan Name NAV Date NAV Amount
Quarterly Dividend Option26 May 2013 -
Growth Option26 May 2013 -
Half Yearly Dividend Option26 May 2013 -
Yearly Dividend Option26 May 2013 -
Direct Plan - Half Yearly Dividend Option26 May 2013 -
Direct Plan - Quarterly Dividend Option26 May 2013 -
Direct Plan - Yearly Dividend Option26 May 2013 -
Direct Plan - Growth Option26 May 2013 -
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Investment Pattern
The asset allocation under the Scheme will be as follows :

Sr.No. Asset Type (% Of Portfolio) Risk Profile
1 Debt & Money Market Instruments * 100% Low to Medium

*Investment in Securitised debt, if undertaken, would not exceed 30% of the net assets of the Scheme.
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Investment Strategy

The Investment strategy of restricting the portfolio largely to debt, money market and related instruments is intended to reduce risk while maintaining steady income. Credit risk will be minimised by investing only in those companies/industries that have been researched by the Investment Manager's research team supported by information from credit rating agencies such as the Credit Rating Information Services of India Limited (CRISIL), Investment Information and Credit Rating Agency of India (ICRA) and Credit Analysis and Research (CARE). Risk will also be reduced through diversification of the portfolio. Monies collected shall be invested in transferable securities in the money market or in the capital market or in privately placed debentures as per the SEBI Regulations.

The Portfolio would be reviewed and rebalanced on a continual basis.

The Scheme may also invest upto 25% of net assets of the Scheme in such derivative instruments as may be introduced from time to time for the purpose of hedging and portfolio balancing and other uses as may be permitted under the Regulations.

The Scheme may also invest a part of its corpus, not exceeding 20% of its net assets, in overseas markets in bonds and mutual funds and such other debt instruments as may be allowed under the Regulations from time to time.

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Systematic Investment Plan (SIP) Details

Serial No. Scheme Name Minimum Application Amount(Rs.) Entry Load # Exit Load #
1 HDFC High Interest Fund - Growth / Half-Yearly Dividend / Quarterly Dividend / Yearly Dividend* Rs.500 for Monthly & Rs.1500 for Quarterly NIL
  • In respect of each purchase of Units, up to and including Rs. 10 lakhs in value, an Exit Load of 0.50% is payable if Units are redeemed/switched out within 6 months from the date of allotment
  • In respect of each purchase/switch-in of Units greater than Rs. 10 lakhs in value,no Exit Load is payable.


# Applicable for SIPs registered w.e.f from August 1, 2009

* SIP avaliable in Existing and Direct Plan

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Fund Manager
Mr. Anil Bamboli (since Feb 16, 04),
Mr. Rakesh Vyas - Dedicated Fund Manager - Foreign Securities
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Portfolios - Holdings
Please click here to view complete Scheme Portfolios
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